Edition 655 - December 30, 2016
New Year's Edition
Final Thoughts
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
In a few days we begin a new year. Are you ready? Have you taken time to relax, make plans, and do a bit of self-examination? At Trading Educators we’ve done that, and we will be ready for 2017.
From where we sit it look as if the markets could be pretty wild, especially during the first quarter. The world is balancing on the edge of a razor blade, and there’s no telling what will fall and when. The fact is that maybe very little will fall and certain markets will race higher. 2017 looks to be a year where more than ever before, you will need to be in the right place at the right time. Crude oil could easily hit $60 a barrel. Gold could continue down below $1,000 before ultimately rising to as high as $2,500 by the end of the year.
If Mr. Trump and the World Trade Organization come to an agreement, look for the dollar to be devalued by close to 15%. It will be done in a way that few realize or expect. Imports will be taxed as a sort of semi-vat, while exports will be subsidized. The net effect will be to devalue the dollar. Few if any are talking about this, but it is real and the new administration will try hard to push it through. If it succeeds, it will affect all global trade. We are talking about something truly major.
If nothing else, 2017 promises to be exciting and will offer many opportunities to trade yourself into wealth. As usual, Trading Educators will be there to help you do it. We are traders, not investors, and because of that, we are able to go to wherever the money is being made. As traders, we need not do all the guessing and research that investors have to do. We don’t just write about trading, we actually do it. We always have skin in the game.
We hope you will join us for a successful 2017. We intend to be profitable, and want you to ride along with us.
Happy New Year to you all.
JR
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
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