Dear Reader,
The Federal Reserve looks like it is about to hike the Federal Funds Rate in December 2016.
Personally, I think gold is undervalued. It could go to 1400 USD before the end of the year, especially if Trumps wins the Presidency. Good play is ABX and other large cap gold stocks.
Oil will trade in a range between 40 and 60 USD until the end of the year. US Stocks could suffer a minor fall, circa 5%, from current levels(DJIA, S&P 500, Nasdaq) but should bounce back.
The technological boom is ongoing and is not about to top soon. Technology changes our lives constantly. Even if the Nasdaq falls 30% from current levels, let's say, it still will bounce back and the future looks bright for technology(AI, cloud, software development, communication etc.).
A good way to play the current boom is with chat apps like Line(LN), Facebook(FB) and Weibo(WB). One has to be careful though- they are quite volatile.
Eurozone bonds yields, bunds in particular, should remain at low levels. The ECB looks like it is about to expand its asset purchase program, which should keep yields in check.
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Kind regards,
Petar Posledovich
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