Was the 3 week correction in markets all we are going to see?
TG Watkins, Director of Stocks at Simpler Trading joins me to share his outlook for US markets and yields. It was 3 weeks ago the TG was telling us a lot of his stops were being triggered. After sitting on the sideline since that time he is now putting money back into the markets. He shares his strategy and the sectors he is liking at these levels.
Click here to visit the Profit Pilot website to keep up to date with TG and his trades.
DT – It looks that way, as Sprott has put in to buy significantly more Silver for the PSLV.
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Sprott Physical Silver Trust (PSLV) files a new shelf offering ($3 Billion)
March 07, 2021 – BullionStar @BullionStar on Twitter
“Sprott Physical Silver Trust (PSLV) files a new shelf offering enabling it to issue shares up to the value of US $3 billion in the next 2 years. Bottom line, if demand dictates PSLV can issue these shares and go out and buy 3,500 more tonnes of silver.”
I did plenty of buying today myself, DT.
If I’d have squirreled away more funds there are some stocks it would have been nice to have added to today, but unfortunately I shot off most of my remaining dry powder last week, and I’m hanging onto the small amount I have left for any extreme selling we may see.
The good thing is that a number of stocks had bounced up to higher levels today than where they were trading on Thursday & Friday last week, so it would be nice to see that trend continue for a while, even if we only get the small bump for a few weeks that some are expecting in March before more correcting and basing.
I bought some large caps yesterday. Shopping again today.
Matthew – Were you buying PSLV?
No, just miners.
Gwen Preston of Resource Maven presents at the March Virtual MIF 2021
“Metals Bull Market Dead Ahead! But gold will need some patience..”
Metals Investor Forum #VIDEO
Greg McCoach of The Mining Speculator presents at the March MIF 2021
> “‘Is this the bottom for Gold?”
Metals Investor Forum #VIDEO
Eric Coffin of HRA Advisories at the March 4th 2021 Virtual Metals Investor Forum
> “Inflection Point”
Metals Investor Forum #VIDEO
Chen Lin of Chenpicks.com presents at the March MIF 2021
> “Invest with rising interest rates”
Clynt Nauman of $AXU Alexco Resource presents at the Virtual on March 4-5 , 2021
Metals Investor Forum #CorporatePresentation #VIDEO
Darwin Green of $HIGH $HGGOF HighGold Mining presents at the Virtual MIF – March 4-5 , 2021
Metals Investor Forum #CorporatePresentation #VIDEO
Claudia Tornquist of $KDK $KDKCF Kodiak Copper presents at the Virtual #MIF – March 4-5 , 2021
Metals Investor Forum #CorporatePresentation #VIDEO
Good editorial discussion today from TD Watkins, and there are a few more opportunities setting up in the General Markets and various sectors like Cannabis. I’ve been starting to position in a few pot stocks like Delta 9, IM Cannabis, (had Fiore cannabis briefly), and have been accumulating a position in the cannabis ETF (MJ) and swing trading it over the last few weeks as the sector has corrected.
Another sector that is correcting down from highs is the psychedelic therapies stocks, and I’ve been building positions in a few like Mind Medicine, HAVN Life Sciences, and Mydecine Innovations as they’ve pulled back.
Ex, because everything is done manually (for now) things are missed: Lithium will likelyl hit MaxSat(7) LOW today (LIT-BATT).
I may change tack and target only hot buy/sell pockets. Suggestions?
Check out Chris Temple pick: LITOF
Another is aghead’s REZZF
Things looking good this morning until pre-market hit on Palladium and copper. Still 45 mins left to see how many bogus contracts they throw at gold/silver/plat. Maybe some confusion on todays game plan as some are still hanging around the coffee machine.
What is the richest man doing, when everyone else is selling Henry S Potter the meanest man in the community is buying. LOL! DT