Trader Tracks Special – Stock of the Week
Roger Wiegand wrote up Miraculins Inc. as the stock trade of the week. He took a close look at the company and wrote his report that can be downloaded below.
Please let us know what you think of Mircaulins and Roger’s report.
If you would like to receive a couple free issues of Trader Tracks please email Cory at fleck@kereport.com.
Thanks Matthew – Maybe it’s starting!
Me think SNB shrinking its balance sheet w. this revaluation in order to be able to gobble up more Eurozone bonds.
In this regard, I agree w. GS that massive QE in the EU is in the cards – as mentioned in Zerohedge today.
No wonder the SNB didn’t want 20% of its balance sheet as gold reserves a few weeks ago !!!
Best to all, and GL investing/trading.
Matthew, we’re down to one major event a day. This is going to be a year to remember and tell your grandchildren about. Well, I am off to the t-shirt print shop to print out my new shirts: “I survived 2015” A lot of money to be made.
I think you’re right but would include 2016-19 too!
BTW, I am dead serious. I already have 10 pre-orders.
Okay, I agree with you.
Is that a single Catman?
Referring to Chris’s comment by the way.
GOLD GOING HIGHER………………………………………..J THE LONG…………..
So far so good, Jerry!
Storms are coming. A lot is happening now and in the near future. Russia just cut gas to Ukraine and 6 smaller countries in EU. This seems to be a gesture. If EU does not change, more is coming. Russia seems to be fed up. Winter is always on Russia side. Greece is electing a new government and may default. ECB may have QE. SNB abandoned the peg to Euro. Is it because of Russian tough stand or ECB QE? Corporate defaults and sovereign default are going to increase fast. Banks are likely in trouble soon, etc.
We may be better off to ride the gold roller coaster than stay on sideline or gamble on conventional market thinking FED is on your back. It may be true but it is easier to fall from the high point. Who knows how much control the FED still has.
I am going to take some profit on S&P index fund.
Listen to our first Daily as Iwill be quoting you!
Matt,
How do like Hui action thus far?
I like, though the market seems a little apprehensive at the moment. Disbelief is ultimately a good thing and there’s plenty of it right now.
This bodes well for the sector:
http://stockcharts.com/h-sc/ui?s=GLD:SLV&p=W&yr=1&mn=11&dy=0&id=p24757818385&a=380154500
Very few believe this rally. My close ended gold and silver ETF have low volume and steep discount. Bid and ask spread is big. People are watching on the sidelines.
I always use the volume or premium and discount on Canadian close ETF as a sentimant indicator. It is quite accurate. CEF.A and SBT.UN. Sprott funds should be good but sometime Sprott is playing with them, so less accurate.
Going to be s very interesting day, Lawrence!
Matt:
Well said. The Swiss action will definitely change the narrative that the pundits have used for a couple years. One article I read this morning suggests the SNB likely knows what’s coming from the ECB, namely massive QE. I think most are still trying to figure out how this action will affect all others and it may take a few days to understand it. Sorry to all those that sold out yesterday!
Interesting and probably valid point about the SNB knowing what is coming!
Glen what do you make of now?
Peter
Peter,
Thus far im liking the action. Miners need to do some backing and filling. Some coming back to touch the 30 day moving average others are already off to the races. The trend remains higher and I believe february will be the bigger move to attack 220-250 HUI.
Euro is at my final line of 115 so if this gives wowsers. The black swan I have referred to for a long time will be ECB Massive stimulus. ECB stimulates first before the us. Us stimuls will come a quarter or two after.
Agreed Glen.
The Fed, “we are going to raise rates” crapp talk, they mean negative rates and 160 billion a month for QE4 coming.
Where is the Gold? Gone!
Answer- in the ground! GOLDEN MINERS 🙂
Peter
Kind of what both Gary and Chris are thinking as they said in earlier interviews today.
Afternoon Glen,
Not sure that fits the definition of a “black swan”!
The american symbol is MCUIF
You are back CFS. Great!
No, I’m in Europe before heading east to the Emirates and Dubai.
It gets very hard to find an internet cafe nowadays and the roving charges on my Ipad mean I read and listen, but rarely respond.
Completely understand!
On Tuesday, the IRS announced the International Data Exchange Service.
Beware the IDES of January, 2015!
I a little TBT this morning.
*Bought!
Me starting to think that end of next week might be a good time to lighten up on PM/gold exposure, ESPECIALLY if we are higher on gold.
i.e: if gold pops again on ECB announcement of large QE, I’ll be eager to reduce exposure, ESPECIALLY IF WE ARE >$1300/Oz.
We’ll see.
Best to all, and GL investing/trading.
LPG
I really dislike the low volume big gap today, but there is little otherwise to get too negative on the miners right now imo. So I will use puts to defend my position and probably soon.
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p04528827942&a=384422366&listNum=1
The weekly chart implies a lot of upside to come.
http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=1&dy=0&id=p38314778100&a=385013020
Matt,
Looks to me on your chart if gdx cracks 22 it’s off to the races?
I think we are off to the races above 20.30, but yes, a close or two above about 21.80 should get the next move going.
Matt,
yes that is what i meant lol..You have more ping point accuracy with your targets 🙂
Same feeling as you Matthew.
Not a lot of volume has me scratching me head a little bit…but
1) maybe I had expectations too high – some stocks have had nice runs and the conv mkts in the US are not doing so great and
2) let’s keep in mind that for vehicles such as GDX/GDXJ, we might have big candles after the closing showing trades which occurred during the day but which were not reported during the session.
Best to you and to all, and GL investing/trading.
LPG
Seems volumes on the GDXJ wasn’t “over the top”.
We however got a >3mn shares candle on the 1mn daily chart just AT the close.
Best to all, and GL investing.
LPG
Gold is $1499.83 Canadian
that is what it should be in the USA…..or higher…………………………j……
fair value $2300
Interesting listening:
http://www.bloomberg.com/video/fx-strategists-on-snb-s-surprise-removal-of-franc-cap-pZ8iQwXERMyQ6dKC2nHr6A.html
Best to all,
LPG
Thanks for this link, LPG
Toronto 11.17 am EST
GOLD’s intraDay hi of 1264.060 U$D [set @ 10.14 EST} just got taken out.
Printing now @1266.660 U$D [@11.16.33 EST]
When I went down to the woods today
To see the bears at laugh & play
They begged for a fig leaf
To be tossed their way
[ As their shorts & underwear
Had gone a-stray ]
8)
LPG,
A Big fat 🙂
When you went to the woods today
To see the bulls laughing all the way
The ring in their nose was pulled up and figged the leaf
in the air…..as they pulled away from
the Swiss peg which was in play.
The swiss cheese is all they had, with a lot of air in
between …..
that is why they sell helmets with face guards……………….think ahead………..
funny post , ……and a good one at that……………………….
Goldcorp Chairman live on BNN right now
The important dates are:
1. ECB 22
2. FOMC 27/28
Options expiry tomorrow
Glenfidish,
I’d also add Greece vote, or more specifically, the “wording” of what the next Greek government will want from the Troika re: its debt.
I expect some drama(tic words used), “Greek Tragedy” style.
Best to all, and GL investing/trading.
LPG
LPG,
Well said! I have a good hunch they release stimulus. But then again everytime I open my big mouth, im off by a day or two 🙁
Being off for that short a period of time is nothing to worry about.
Swiss franc jumps 30 percent after Swiss National Bank dumps euro ceiling
http://www.reuters.com/article/2015/01/15/us-markets-franc-idUSKBN0KO16Y20150115