The Taylor Market Report (12/5/23)

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Common Sense for Uncommon Markets

By Bill Taylor, Contributor/CIO-Entoro Investments


The opinions expressed below are my own & do not represent those of Entoro Investments, Digital Wealth News or any affiliates.  Any financial advice included in the column is for entertainment purposes only.


Bullish for week of 12/5/23

BTC | ETH

 


Neutral for week of 12/5/23

GOLD

 

Bearish for week of 12/5/23
S&P 500  

 

12/5/23 Closing Prices:

BTC: $43,653.92  (+14.3% Tue-Tue)
ETH: $2,264.97  (+10% Tue-Tue)
Gold: $2.000  (-1% Tue-Tue)
S&P 500: 4,567.18  (+.003% Tue-Tue)


It’s December.  Last month of 2023.  End of the 4th quarter.  Gateway to 2024. Holiday time.

So, as I have been “preaching” all year, bitcoin and ethereum are skyward-bound. Gold has moved up a bit and the S&P 500 has had a HUGE month. People who have followed me through the years (from late 2016……Bitcoin vs Gold…..The Taylor Report…..and now The Taylor Market Report) know I have a very concentrated portfolio (BTC, ETH, GOLD and S&P 500) only (you can confirm this by checking every weekly report on Digital Wealth News). Basically always long BTC and ETH, short S&P 500 and trade gold to adjust risk (my ratios are proprietary). I am always hedged. I say this at the end of the year to point out some spectacular returns. 

Since 2016-Now:

  • S&P 500 up 107% (roughly)  
  • Gold up 53% (roughly) 
  • Bitcoin up 4,600% (roughly) 
  • Ethereum up 31,000% (roughly)     

So, long BTC and ETH, short S&P 500 and neutral gold………..well, you do the math.   Will it continue? Why not.

So the new and fresh buzzword is “soft landing.” Meaning, no recession, lower interest rates and a “perfect Goldilocks” investing world. Believe it, if you must, but don’t be surprised if something goes wrong. It’s so good that Fed Chair J. Powell has been named by Time……”Person of the Year” for his handling of inflation. That’s like naming an arsonist ‘fireman of the year’ for putting out the fire he started. Crazy

For the week, gold is basically flat (off 1%) after hitting a new all time high, the S&P 500 is up a tiny bit and (applause please) bitcoin and ethereum exploded up (new targets below).

Message? Invest, hedge, keep it simple and look long term.


I’M SORRY TO INFORM ALL THE BITCOIN BEARS, SANTA WILL NOT BE GIVING YOU A COLLAPSE OF BITCOIN TO ZERO. BETTER LUCK (AGAIN) LOOKING AHEAD TO NEXT YEAR.


NEW TARGETS:

  • BITCOIN 2023…….UP……$55K
  • ETH 2023…………UP……..$2,800K
  • GOLD 2023……….$2,050
  • S&P 500 2023……..DOWN…….DOWN……DOWN……...LOOKING AT 3,250 Ooops! Looks like 4,500

Current trading positions: 

  •  LONG BITCOIN
  •  LONG ETH
  • NEUTRAL GOLD
  • SHORT S&P 500

We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.


Bill Taylor is CEO of Digital Wealth News and an advisor to Entoro Investments. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.

His opinions are solely his own and for informative purposes only.