The stock market has suffered a bit of a blow in the recent times and some of the technical damages have been to many of the major ETFs and individual stocks.
The debts of the people may also have increased due to the damages caused to the stock market. You may take useful advice on debt consolidation if you’re suffering from heavy debts. The stock market may improve in few months and then you can start investing in it again.
The damages have been great to the major indices. It’s thought of retesting the lows and making some technical changes so that the stock market gets higher in the coming months.
If the stock goes down to 1250 or 1260, the retest of the lows is quite successful. After that, the market may go up and remain high for sometime. The most dynamic and happening investment can be the commodities. So, you as an investor can really get going into this sort of investment so that you can get the returns you want. The US dollar is really in a very bad technical shape and the index of the US dollar has lowered to $76.
It’s also better that investors invest in the precious metals such as silver and gold. The value of these is on the high and would seriously help a lot in the investment front. The value of gold may go from $1426 to $1600 and $1800 in the coming months per ounce. The silver price may also go up from $36 per ounce to $50 per ounce. So, if you want to invest in these precious metals, you can try your hand in it. You may get profited better and faster.
If you want to invest in silver and gold, you can do as ETF investment. There are different ETFs for the metals too. The most basic ones for the silver can be iShare Silver Trust and ProShares Ultra Silver ETF. You may also go for this one when you see that the silver investment is getting higher, Global X Silver Miners. AS for the gold ETFs, there is one basic one which is called the Market Vectors Junior Gold Miners. This is for the smaller gold stocks and for the larger ones that is ProShares Ultra Gold ETF.