Big Picture Treasuries, US Markets, and Gold
After a up then down day Doc and I look at the big picture for investors. Still waiting for a breakout in the metals is more about watching what other markets are doing.
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Doc, how about Skeena? what is your assessment of where it is going and its range for getting in or out?
Get ready for Bubba’s big short!
Paul, I think we have a good chance to hold above the lower BB on the weekly chart. I believe we should challenge that in May unless something really crazy happens in Syria.
Pardu, thanks for alerting me SKE.V again. The odds are really good that it hits 40cts. Almost 100% that you see 47.5cts. If we don’t hit 40cts before the end of April, you should see it in May.
Once it hits there what is your outlook for the future, does Skeena have some significant upward potential?
Hi Doc, what’s your opinion on selling some PM stocks here on this little pop over the past few days and buying back on the anticipated pullback in May? Worth it, or just just stay put for the longer term? Thanks Doc.
I have a hard time seeing gold finding a major low before the June 13 FOMC meeting. Could it happen? I suppose. But a mid-June low in gold would mean the intermediate cycle would be a perfectly normal 25 weeks. We’ll see I guess.
Gerald Celente thinks WWIII could break out in Syria so I won’t be selling any gold or silver. We shall all go together when we go, unless we are in the Pilbara.
War or not, buying weakness makes sense here. I added a little over 50,000 shares of Jag this week and am ready to buy more on further weakness.
Despite the very negative sentiment readings lately, the sector has not provided much cause for concern…
I bought more PSLV on Tues.
Doc what is your target for gld, gdx, and gdxj for a aprox low in May that you see coming?