The Hedgeless Horseman Is Back – Balancing Stocks You Like With What The Market Likes
Erik Wetterling, Founder of The Hedgeless Horseman is back and sharing some details on the stocks he likes. We discuss what Erik has entitled the Qunintonian Trio of Novo, Miramont, and Irving Resources all which have news in the coming months. We also discuss how to balance out stocks that an individual might like with stocks that the market is paying attentions to.
Click here to visit The Hedgeless Horseman website.
In full discloser Erik holds shares in Novo, Irving, Miramont, Westdome, and Kirkland Lake. I hold shares in Novo and Miramont.
GLD is at cloud support after filling that big January gap:
Good thoughts from The Hedgeless Horseman on balancing stocks one likes personally (but may not be getting as much attention) with more “hot stocks” that the market likes and has more traction and investor eyeballs. Thanks guys!
This action is healthier than many realize:
18 years of XAU and the implications are very bullish:
The big correction that began in 2016 bottomed last September with the XAU still 57% above its bear market low:
It is heading for 100 and well beyond:
It turned up this week at very important Fibonacci fan support:
XAU:GOLD has been sliding down speedline support for the last two years:
Third time’s a charm:
Attention GOLDBUGS! I just went LONG JDST and DUST.
I will 3x your losses into MY profits!
Thank me very much!
You should’ve done that two weeks ago but you’ll probably still make some money.
Looking at the 1 and 2 hour GLD and UUP charts, I don’t think your odds are great in the short term.
Market makers go delta neutral tommorow and fund buying is also over……The SPY option cross over shows 10% risk to 280ish and most hedging to protect from a 200 point or about spy 260 sell off….probabilities are raw and stark…could go plain old sideways neutral…careful out there