I am often early, and there is no immediate catalyst until the Sept. 5 earnings release, but at 13.50 there isn't much more than 1/2 point downside. That is why I recommend buying CLDR @ 13.50 or less. The base is solid and I expect it to move higher, by the earnings release if not sooner. Chartsmaster
In a couple of my recent posts on the precious metals, I indicated that RGLD was a great leading indicator of what to expect. I hoped that it would show a coming bullish breakout, instead it accurately reflected this latest smash to the downside! Once again as I hope and believe a bottom is in place, I will defer to the "canary" and let RGLD guide me on my next...
For the most part large cap tech stocks are over valued and vulnerable.(Especially the FAANGS) For those who still want or need exposure to large cap tech(institutions especially) there are two stocks with reasonable valuations and great dividend yields. IBM, I have recommended repeatedly and continue to do so. The new recommendation is HPE. It is very under...
If you followed my recommendation late yesterday just before the market closed, you bought Both AAPL calls & puts. As expected the stock has popped and I recommend selling and taking profits on the calls. This is close enough to 200.(Round numbers can be tricky and even if it reaches it doesn't matter) You should be left with a larger number of puts. The gap at...
Earlier today, I recommended buying CEF for a conservative low risk way to bet on a bottom in gold & silver. Now I am recommending a speculative trade for those who want to play the AAPL earnings release. I believe, given the chart, the company fundamentals and the market concentration in the mega cap tech stocks, AAPL could go either up to 200 or down to 170. Buy...
I believe today is THE BOTTOM for gold and silver! Even if I am wrong, the Best, lowest risk way to have exposure is by buying CEF. This is the old Central Fund of Canada, now the Sprott Gold & Silver Bullion Trust. They own 50% each in physical gold & silver BULLION. It closed yesterday at a 3.47% discount to net asset value. This is for your safe, bank account...
While CDE is still my favorite, the chart damage since their earnings release last week, means it will probably be a follower for at least a while. That means that even if gold and silver are at a bottom, it will bounce with the other mining stocks but won't be a leader until the technical damage can be repaired. One mining stock that is standing out with a great...
I didn't expect it, I didn't call it. As I often am, I have been early on calling for the coming bull market in silver and gold and the mining stocks. Yesterday, was the final flush for them and CDE in particular. I used the opportunity to add to my positions and brought my overall entry point below 8. I expect to see 12 and higher by the time the New Years...
Last week in one of my posts I discussed how RGLD acts like a canary as far as telegraphing moves in gold & silver and the mining stocks. After showing great relative strength and making recent highs it went into a pullback. Yesterday, it had a false start and gave back much of it's move. Today it is starting to chirp. A print above 91.75 means it should break out...
The two day pullback(sale) in CDE is over. You either buy today now or you chase and pay up next week. BUY. Chartsmaster
The test of the 50day & 200day mvgs is and will be successful. Once CDE takes out yesterday's high near 8.54 it is a straight line rocketship to 9, 10, 11, 12 and higher. I don't know when that happens. Possibly today, more likely tomorrow, almost surely next week. Short term traders can set their buy stops for 8.55. I don't play that game. I buy the dips as I...
If you look at the chart of CDE since the beginning of 2018 you see that as the chart has become tighter and tighter, all of the pullbacks have fallen well below the 50 and or 200 day mvgs. Yesterday, on this great gift buying opportunity I discussed in yesterday's post, the stock closed right around both the 50 & 200 day. I submit that the stock will either hold...
Today's stock market selloff is no surprise given the recent rally, overbought condition, and the new tariff announcement overnite. We have also grown accustomed to seeing general market selloffs used to take down gold and silver and squeeze USD shorts. This mornings selloff in gold silver and the mining stocks should be the FINAL great, low risk entry point for...
I believe an upside explosion in gold and silver, and especially CDE could begin as soon as tomorrow! I am sometimes a little early but since I see 15 cents of possible downside versus $15 of possible upside I would rather be early. BUY CDE now. Chartsmaster
I believe an Upside Explosion in the precious metals and especially CDE could begin as soon as tomorrow! I am often a little early but in the case of CDE I see 15 cents of possible downside and $15 of possible upside. BUY. Chartsmaster
I have been posting about gold and silver and the mining stocks for about a year and stated back in March that the greatest bull market in financial history would begin in "three weeks or three months". I recently recapped that the three weeks was wrong but that the three months, meaning July, was correct. If anyone still has any doubts about the outlook for gold,...
The case for being all in on gold and silver is so compelling at this time that I have some additional strategy to offer. If you take normal risks and buy stocks I have been clear about buying a number of gold and silver mining stocks especially CDE. I have also said to buy physical metal especially silver. Well, for those who are either loaded up to the gills, or...
This is the third time that I am recommending a switch by taking profits on today's pop in PVG and putting it into CDE. I like them both but CDE has much more value, and much more eventual upside ptential. Since PVG tends to lead and have big pops and drops it is a better short term trading vehicle. CDE is the long term value play that will either be taken over or...