Investing in precious metal stocks like gold, silver and platinum, and other metals like copper and steel are often great ways to hedge against inflation…
And boy oh boy, have we seen a lot of that lately…
In fact, the Bank of Russia revealed it’s going to pick up on buying gold to help ensure financial stability after getting slammed with sanctions for invading Ukraine. This is BIG, and I’m willing to bet it’ll be buying gold aggressively because Russia’s access to funds has been cut off from the west.
That tells me metals stocks of all kinds are about to rise, and I want to get my readers in on it with this hedge plan!
The markets bounced higher Wednesday amid increased volatility and higher oil prices as the war between Russia and Ukraine intensifies — and more in Wednesday’s stock market recap.
OPEC+ and its oil-producing allies, including Russia, decided not to add to April’s output following a recent meeting.
This news caused oil to rise above $112 per barrel as fears concerning supply shortages grow.
Energy names like Chevron and ExxonMobil also moved higher as a result.
Exxon even announced it will exit all of its oil and gas operations in Russia and halt new investment there, sending shares 1.5% higher in premarket trading Wednesday morning.
In this stock market recap video, you'll discover the No. 1 sector to pay close attention to over the next few sessions… whether bonds are set to trade higher or lower in the current environment… and one long and one short setup, complete with target, stop and risk levels.
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you’d like to see rankings for! All you have to do is reply directly to this email with your tickers!
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