Cryptocurrencies and Precious Metals
Cryptocurrencies are not looking good yet, so I do not recommend buying them. Bitcoin has not crossed the moving average, while Ethereum and XRP have not even approached that level.
On the precious metals side, I'm tracking Japan's 10-year bond yields as a leading indicator for gold. The decline there should be reflected in gold, but right now the market is completely focused on the question, “Will Iran be attacked this weekend?” If there is no tension, I expect gold to find its direction by following bond yields. It's still too early for new purchases in silver. Platinum currently appears to be the weakest link in the chain; caution is advised if the 2,000 level is broken. Additionally, the dollar index's return to an upward trend is creating negative pressure on precious metals.