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Scott Bauer covers the commodities market – and finally took a short position in gold. After months of “buy the dip,” he thinks price has gotten “a little too far ahead.” However, this is only a short-term short: he’s long-term bullish on the metal. Turning to crypto, Scott notes that historically, when bitcoin “coils” into a range, it usually precedes a “violent” move up or down. Lastly, he looks at crude oil, which he still thinks of as “buy the rip.”
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By Schwab Network4.6
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Scott Bauer covers the commodities market – and finally took a short position in gold. After months of “buy the dip,” he thinks price has gotten “a little too far ahead.” However, this is only a short-term short: he’s long-term bullish on the metal. Turning to crypto, Scott notes that historically, when bitcoin “coils” into a range, it usually precedes a “violent” move up or down. Lastly, he looks at crude oil, which he still thinks of as “buy the rip.”
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about

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