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๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐‘๐ž๐œ๐š๐ฉ: ๐’๐ž๐ฉ๐ญ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ

๐Ÿ”ด -๐Ÿ•.๐Ÿ”%: ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž

๐ŸŸข ๐Ÿ.๐Ÿ—%: ๐‡๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐ƒ๐š๐ข๐ฅ๐ฒ ๐๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž

๐ŸŸข ๐Ÿ“๐Ÿ–.๐ŸŽ๐Ÿ“%: ๐Ÿ๐Ÿ-๐ฆ๐จ๐ง๐ญ๐ก๐ฌ-๐ซ๐ž๐ญ๐ฎ๐ซ๐ง


What a month it has been! China's regulatory fantasies and implementations, which first affected all Asian stocks and then the overall market. Then the ban on cryptocurrencies in China. Then a new US government shutdown. Last but not least, there is a blanket of fear of persistent inflation. And all this during a September that is already historically a bit weak.


All this also affects the so-called Fear and Greed Index, which currently stands at 25 out of 100 points (extreme fear). This shows the overall mood in the market. Very interesting, in my opinion: money.cnn.com/data/fear-and-greed/


๐‘๐ž๐ ๐š๐ซ๐๐ข๐ง๐  ๐ข๐ง๐Ÿ๐ฅ๐š๐ญ๐ข๐จ๐ง: House prices in the 20 major metropolitan areas of the USA rose by 20 per cent year-on-year in July. This is shown by the development of the S&P/Case-Shiller index (source: fred.stlouisfed.org/series/CSUSHPINSA). The upward trend in prices has thus accelerated further. Some believe the market is overheating - and is increasingly in danger of collapsing as interest rates rise. Crash prophets are coming out of their holes again everywhere to promote books and capital protection measures. In the end, every broken clock is right twice a day.


๐‡๐จ๐ฐ ๐ˆ ๐ฌ๐ž๐ž ๐ข๐ญ: The portfolio has made some setbacks this month. Looking at the general market, this is a very healthy reaction to the global difficulties mentioned above. It is likely that the uncertainties will drag into October as well. The market is still at a generally high level. It is part of the normal system and good that such "exhales" happen. The money supply in circulation (M2) has once again increased considerably (source: fred.stlouisfed.org/series/M2). This has to be observed further.


๐€๐ฌ ๐š๐ฅ๐ฐ๐š๐ฒ๐ฌ - ๐ฐ๐ž ๐ญ๐จ๐จ๐ค ๐š๐๐ฏ๐š๐ง๐ญ๐š๐ ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐Ÿ๐จ๐ซ ๐œ๐ก๐ž๐š๐ฉ ๐ซ๐ž-๐›๐ฎ๐ฒ๐ฌ ๐ฐ๐ก๐ž๐ง ๐จ๐ญ๐ก๐ž๐ซ๐ฌ ๐ ๐ž๐ญ ๐ฌ๐œ๐š๐ซ๐ž๐. ๐–๐ž ๐š๐๐๐ž๐: $MELI (MercadoLibre)$MRK (Merck & Co.)$PSLV$MC.PA (LVMH Moet Hennessy Louis Vuitton SA)$CDI.PA (Christian Dior)


Some asked me, why we hold so much $SILVER: We hold a large position of physical silver $PSLV. This is for inflation protection and capital preservation. In the case of strong market movements, it is usually the case that everything falls first (to varying degrees) and then some values gain strongly again, because the sell-offs of fearful market participants that cause the price falls are shifted into precious metals and other positions. To get ahead of movements like these, you can benefit heavily from it. Moreover, as I described in a past post, silver is undervalued for several reasons (see etoro.tw/3imB6Ka).


๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ก๐š๐ฏ๐ž ๐š๐ง๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐Ÿ๐ž๐ž๐ฅ ๐Ÿ๐ซ๐ž๐ž ๐ญ๐จ ๐œ๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐ฒ ๐ฐ๐ž๐›๐ฌ๐ข๐ญ๐ž ๐š๐ง๐ ๐ญ๐ก๐ž ๐…๐€๐ ๐ฉ๐š๐ ๐ž ๐ญ๐ก๐ž๐ซ๐ž ๐จ๐ซ ๐ฐ๐ซ๐ข๐ญ๐ž ๐ญ๐จ ๐ฆ๐ž ๐๐ข๐ซ๐ž๐œ๐ญ๐ฅ๐ฒ.


๐๐‘


www.oboi-invest.com/

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