By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – BITCOIN, GOLD
NEUTRAL – ETH
BEARISH – S&P 500
6/3/25 Closing Prices:
BTC: $106,300.32 -3.2% (Tue-Tue)
ETH: $2,624.61 -2% (Tue-Tue)
Gold: $3,310 +1.4% (Tue-Tue)
S&P 500: 5,970.37 +0.08% (Tue-Tue)
Well, here we are again. New month (June) which is going to be the end of the first half of 2025. Very interesting first half. I think financial markets are pretty tired of “interesting,” too. In any event, here we are at the first of June.
Oh, one other BIG event will take place this month…SUMMER. Yup. Time to kick back and forget all those bad trades, missed opportunities, remorse you didn’t have bigger positions on the good trades and just relax. Hit the pool, beach or couch. Tell yourself you are now an investor and in for the long run. Or ’til SUMMER is over in September.
But first, this Friday brings the May NFP (Non Farm Payroll) report. Whatever number it is (+150K??), it won’t matter much. Neither will other economic numbers scheduled for the month. Even though the end of the month usually means institutions “window dress” (a/k/a manipulate prices up or down) their positions to enhance their performance, it looks like a lot of that action took place last month. Those early “adjusting” portfolio managers got first dibs on the best pool chairs.
So, what to do? It might just be a slow motion “melt up” all summer. Of course if nuclear war breaks out, that may change, but expect slow stodgy markets.
I like GOLD, love BITCOIN, interested in ETH BUT not eager (or willing) to hold the S&P 500 index. BITCOIN & GOLD bullish, ETH neutral and S&P 500 neutral as well. I can fall asleep by the pool with those positions.
Check with me next week to see how my poolside nap is doing.
2025 TARGETS:
- BITCOIN 2025……..$135K-$145K
- ETH 2025…………?
- GOLD 2025……….$4,500
- S&P 500 2025……..DOWN (4500?)
Current trading positions:
- BITCOIN….LONG
- ETH….NONE
- GOLD….LONG
- 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. 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.
