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Is this gold move going to continue?

Cory
January 5, 2017

Rick Ackerman kicks off today with a focus on gold. The precious metals are continuing its move up today in a much greater degree, up almost $20 today. We look at the charts to assess what levels gold needs to move through to attract even more investors.

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Discussion
18 Comments
    Jan 05, 2017 05:45 AM

    BP has been a great stock that just keeps going up whether oil is up or down. It is at 38.55 now. Recommended to all my friends and clients at 28 with a dividend of 2.40.. Another great buy at the bottom in the 36 area was At&t and this has been extreme overbought at around 75 rsi and trading close to 43 but keeps holding up trading sideways and refusing to correct.
    I bought back my GDX at 21.30 and now it is around 23.14.

      Jan 05, 2017 05:30 AM

      XOM, CVX, and SU are better run than BP.

        Jan 05, 2017 05:46 AM

        8% dividend can’t be beat. Shell is another I had before yielding more than 8%. XOM has a tiny dividend.

          Jan 05, 2017 05:09 PM

          XOM and CVX look toppy for now, but I ain’t selling as my cost for XOM is under $2 a share back in 1980.

            Jan 05, 2017 05:02 PM

            With that low a cost you could be sitting on a million or half.

    CFS
    Jan 05, 2017 05:46 AM

    SGE magnet is pulling up prices.

      Jan 05, 2017 05:23 AM

      The US navy fleet was told to come home before they ran out of fuel…….the foreign ports no longer want the shish dollar…..fake news report. China’s new “stick” in the china sea.

    CFS
    Jan 05, 2017 05:49 AM

    SGE:
    Gold at $1197.18
    Silver at $18.13

    China is draining US and London.

      Jan 05, 2017 05:11 AM

      comex was drained 73%….of gold from last year……

    j
    Jan 05, 2017 05:54 AM

    JNUG has doubled since x-mas

      Jan 05, 2017 05:39 AM

      This one seemed too easy when it was bouncing around $4. Own 900 shares and it sure helped out today.

    Jan 05, 2017 05:59 AM

    USO was a good buy back near 11.53 on the drop. XOP has been underperforming for weeks but could be getting ready to go back to 45 when the market breaks out. It is only 42 now.

    Jan 05, 2017 05:32 AM

    Corslime get $5mill dollar fine……..MFglobal missing funds of $1billion….not a bad trade.

      Jan 05, 2017 05:38 AM

      Typical for an insider. At least they banned him from partaking again in the future!

        GH
        Jan 05, 2017 05:42 PM

        Not nearly enough. He needs a roommate named Bubba. If it were to happen to be Slick Willy Bubba, that would be great!

    Jan 05, 2017 05:32 PM

    Buy signal on xop.

    Jan 05, 2017 05:27 PM

    Metals run up every Q1. And every time everyone acts so surprised…

    Jan 05, 2017 05:06 PM

    Rick rocks!