We published most of our annual 2021 forecasts. This article highlights 10 of what we consider key insights for 2021, and is meant as a summary for our followers. Once more, we predict 2021 to be a profitable year for those that can time the market and select the right assets/markets/sectors.
We mention the source and one or a few quotes that highlight a key insight as it relates to our 2021 forecasts.
Our Dow Jones forecast for 2021 is strongly bullish. We expect the Dow Jones to hit 32,000 points in 2021. We forecast lots of volatility as the Dow Jones will be testing the 32k area, presumably near the end of 2021 or in 2022.
So this an early stage bull market in precious metals, and our gold price forecast reflects a strong start in 2021. We predict gold’s price could rise to the $2,200 – $2,400 area in 2021. Our 2021 forecast is strongly bullish with a big spike. So our gold price forecast represents more of a spike, rather than an average gold price. Moreover, we don’t expect gold to hit this target in the first month(s) of the year.
We expect price north of $28/oz in 2021. The prerequisite is that gold moves above 1925 USD/oz for 3 consecutive weeks, this might happen early on in 2021 or late. We also need to see a strong Euro, essentially the Euro bull market has to be there. Our 2021 silver forecast is bullish.
As 2021 kicks off, platinum is in the process of preparing a secular breakout. This is really powerful. With all this in mind, it should be clear which precious metal we would pick and how to trade it in 2021: platinum.
We believe that the following 3 sectors will provide huge opportunities in 2021, however timing will be crucial for success: platinum, lithium (similarly, also cobalt), pot stocks (considering this to be a commodity). Our commodities outlook is another great piece in our series of 2021 market forecasts.
In the 2021 edition of our cryptocurrency predictions we feature the secular crypto bull market which we believe will accelerate in 2021. More specifically we expect 2021 to bring massive cryptocurrency adoption. Moreover, we see adoption at scale, and institutional capital accelerating its inflow into crypto markets. XRP will show that it will through the roof starting in 2021, without any doubt. And last but not least, InvestingHaven will make several crypto millionaires because of its highly accurate work over the last 3 to 4 years.
We are confident that XRP will be directionally XRP higher in 2021. We are not sure if our long standing target of 20 USD will be hit in 2021, but we do know for sure that 2021 will be a year in which it will become clear that XRP is moving towards our 20 USD target. As said in our 6 Must-Read Cryptocurrency Predictions For 2021 we believe the secular crypto bull market will accelerate throughout 2021, and XRP will thrive similar to how it did thrive in 2020.
Enjoying our work? We invest in broad stocks as wel as commodities in our Momentum Investing portfolio. Also our Trade Alerts premium service has affinity with commodities as we take a gold or silver price trade from time to time. In 2020 the combined portfolio delivered +100% (one month before 2021 kicks off). We are on track to double our capital annually, as per our Mission 2026.