By: Adam Hamilton, CPA, Zeal Research - 1 November, 2019
The bottom line is gold stocks are just entering their seasonally-strongest period of the year. Their big winter rally is fueled by gold’s own, which is driven first by outsized demand from holiday jewelry buying and later new-year investment buying. So both the metal and its miners’ stocks have strong tendencies to rally between late October to late February in bull-market years. It’s the best calendar span to own gold stocks!
This year’s dawning winter rally has great upside potential despite the big recent surges in gold and its miners’ stocks. Gold’s decisive bull-market breakout left traders way more excited about this sector than they’ve been in years. The resulting bullish new-high psychology should feed on itself leading to growing capital inflows. Gold stocks still have a long way up to go to normalize relative to higher prevailing gold prices.
The quote at the beginning is from the former head of the Bank of England, Mervyn King. King is warning that the global financial system is headed toward a crisis and that money printing ultimately won’t save it. While it’s pretty obvious that a disaster waits on the horizon, when the former head of a big Central Bank delivers a message like that instead of Orwellian gobbledygook, the world should pay heed. I would suggest that the Fed’s money printing signals that the risk of a crisis intensifies weekly. Got Gold? Full Story
I have reiterated many times that not only do I need to see the market complete a pullback in a corrective structure which would hold the support region identified on our charts, I also need to see a 5-wave structure develop off those lows to begin our more aggressive preparations for the next rally phase.
While the market provided us with an initiation rally off the lows struck this past week, I cannot say that I can confidently count the 5-wave structure I want to see off those lows just yet. And, until I do, I will retain a bit of a skeptical eye towards the potential that we have begun the next rally phase. Full Story
By: Rick Ackerman, Rick's Picks - 1 November, 2019
Gold has shrugged off the latest blather from the Fed and looks bound for at least 1536. Some Rick's Picks subscriber caught the move, and I'll show you how. T-Bonds have also caught fire and deserve a look.
Markets spooked by impeachment, US-China Trade deal news. Gold is up over $15 for the week as of the close Thursday, on the daily chart, gold stuck in sideways short-term, resistance around swingline - DEC: $1520.90
By: Stewart Thomson, Graceland Updates - 29 October, 2019
- The US business cycle has been dramatically extended by QE, ultra-low interest rates, and government debt-oriented spending.
- Mainstream money managers have high hopes for a US-China trade deal. I think my view is more realistic; the imminent “trade deal” is really just a tariff tax lock, but it provides enough stability for corporate boards to do some planning.
- Also, I expect the PBOC to provide additional stimulus if there is a tariffs lock deal, and that’s enough for money managers. Full Story
By: Rick Ackerman, Rick's Picks - 29 October, 2019
To repeat: AAPL is the only stock we need follow closely to know whether a major top looms for the bull market. The logic is simple: Because Apple is the most valuable company in the world, its shares top institutional investors’ must-own list. Furthermore, as long as those who make their living throwing Other People’s Money at a dozen or so stocks continue to throw the lion’s share of it at AAPL, the bull market is all but certain to continue. It is not so much a case of AAPL dragging the broad averages higher as dragging the institutional sheeples’ brains into thin air. Full Story
There is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.
As the market began its rally off the December lows of 2018, my initial expectation was that we could top out as we headed into the March/April time frame. Full Story
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