January 15, 2017: SPDR Gold Trust ETF GLD daily holdings rise 3 tonnes to 808 tonnes. This is the first increase in gold holdings of GLD since November 9, 2016.
I like gold for a long entry here as a hedge against a Black Swan Trump event. I do not hold gold at the time (Read More….)
I’ve received many questions from nervous traders about what my thoughts are on piling back into gold. A rising US dollar is why you need to stay away from gold IMO.
Macroeconomics of Gold and the US Dollar
Gold is primarily priced in US dollars. When the US dollar goes down in value, it (Read More….)
The national debt in the U.S. is going to explode higher during a Trump Administration. My prediction is that by the end of Trump’s first term, the national debt will be more than $23 trillion. It took 240 years to build up the first half of our debt. Democrats and President Obama doubled that in (Read More….)
We pulled off an incredible victory of getting Donald Trump elected. Congrats guys, we did it. Now the first point of focus is the backward bending Laffer Curve. Thanks to the reckless policies of Democrats and Obama, the national debt is up to almost $20 trillion dollars. The horrible national debt leaves Trump with little (Read More….)
For the week, the S&P 500 lost -1%, the DJIA fell -0.6%, and the Nasdaq dropped -1.5%. Last week, preannouncements from Honeywell, Dover, Ericsson, and Fortinet scared traders, along with a disappointing Q3 report from Alcoa. HP announced a cut of 3,000 to 4,000 jobs across all divisions because of challenging market conditions.
Friday’s solid (Read More….)
Trading volumes could finally start to pick up after the Labor Day holiday as institutional traders return to their desks. Watch out, money managers often clean house after Labor Day.
September is the worst month of the year for the S&P 500 so again, watch out. September is usually a bad month for markets.
Last (Read More….)
YouTube subscriber Tami asks, “I saw the YouTube video on the stock market crash projections. My son and I watch you frequently and think you are great. Do you think it is still good to stay in gold and mining stocks?”
Thank you so much for your kind words Tami. Here is how I think (Read More….)
I just went long NUGT this morning. The idea is to trade in and out of NUGT on the way up.
I took a Blue 10 entry which is usually a solid entry. NUGT is a longer term swing trade and so the 1 hour and daily time frames are what I focus on, and (Read More….)
I took a long entry today in NUGT on a 38.2% Fibonacci retracement. I booked profits in NUGT last week and was a bit bummed as I watched it go higher and higher. Then, a miracle happened and we had a huge pullback today on the ADP job report today. NUGT set up right into (Read More….)
Japan’s bond yields are all going negative. Reports are that the 20-year bond yield briefly fell below zero today in some markets. The bid chart I was able to retrieve shows 20-year bond yields just above zero at 0.017%.
The number of Japanese bonds with a negative yield are astounding. Anything below the 20-year (Read More….)
It’s no secret that a massive amount of US dollars are flowing into gold. The message to investors in 2016 is clear: invest in gold. Is price the only reason to invest in gold?–or are traders seeing a Black Swan event on the horizon.
The rush to invest in gold is staggering when you look (Read More….)
June 13, 2016: Strike ends at Kinoss Gold Corporation’s Tasiast Mine. The strike was settled quickly and so it is not expected to impact annual guidance. The strike by unionized employees at its Tasiast mine that began on May 24, 2016 has ended. Striking employees began returning to work on June 11, 2016 (Read More….)
George Soros has come out of retirement to personally oversee big bearish bets against the market including bearish derivatives and huge positions in gold and gold mining stocks.
The spooky thing is that the last time Soros did this was in 2007, right before the last recession.
George Soros is a big supporter (Read More….)