It’s all about riding the up-trending sectors – Here’s what’s looking good
TG Watkins, Director of Stocks at Simpler Trading joins me to share the change in his investing strategy. Usually a short term swing trader TG has pivoted to holding positions for longer and simply riding the uptrend. We discuss some of the stocks he notes as in an uptrend and if gold and GDX are starting a sustainable uptrend.
bonzo…. For you & anybody , who liked Donovan…enjoy.
https://www.youtube.com/watch?v=J8hjEYTpwE8&list=RDJ8hjEYTpwE8&start_radio=1
Donovan got his gold watch for sure.
Or take ‘The Intergalactic Laxative’?
Sold ALL my New Found Gold ( NFGFF) twice in less than a week @ $8.15 & $7.70
Good for you Marty, well done. DT
Anyone who buys crypto’s and holds them will lose a great deal of money, as the crypto market will be gradually destroyed by the government. It seems all to easy to hold these bogus currencies. The gateway to bust is coming up. DT
https://futurism.com/the-byte/cryptocurrency-worth-more-than-us-currency-circulation
Hi DT….. AH yes , But that might give the Fed the green light to print more dollars. They could argue that they have to in order to stay at par , with the cryptos..
They could decide that using a crypto is treason, as it destroys the nations currency.
A few well placed beheadings and no more cryptos.
That would be funny since central banking and their counterfeiting is absolute treason of the most serious kind.
IT, do you know what caused The French Revolution and The Reign Of Terror, where the aristocracy faced the guillotine, it was the massive over printing by The French Government of their currency called “assignats”. Inflation is rearing it’s ugly head and the plebs will only pay so much for a loaf of bread, cake is not on their menu. DT
Hi DT.. Yes i am well aware of the French Revolution, It was taught in school , when i was a child. Could it happen in America ?…It happened before it COULD happen again.
But this time , it wont be Guillotines & pitchforks…. It will be with automatic weapons.
Hi Matt,how are your charts looking for Galleon?
Think we can break .15 near term?
Thanks in advance!
Hi Poko, yes we can and our odds look good.
https://stockcharts.com/h-sc/ui?s=GGO.V&p=D&yr=0&mn=11&dy=0&id=p75960447342&a=943024688
Thanks Matt!
I always value your work!!
Aris Gold (ARIS) (ALLXF) – Marmato Mine Scheduled For 700% Expansion
“Neil Woodyer (founder of Endeavour Mining), Peter Marrone (founder of Yamana Gold), Ian Telfer (founder of Goldcorp and Wheaton River), David Garofalo (former CEO of Goldcorp and Agnico Eagle) and Hernan Martinez, former Colombian minister of mines and energy, all sit on one board of directors today.”
“What sort of asset would be enticing enough to form this kind of board of directors, plus add self-made mining billionaire Frank Giustra to it?”
“This board of directors belongs to a gold company with an operating mine, which has a major expansion plan to increase production to an average of 165,000 ounces/year for over 13 years from 2024! This company is fully-funded to increase production, even as high as 200,000 ounces/year! In other words, this company is set to grow production by 700% in the next four years.”
https://mailchi.mp/portfoliowealthglobal/home-run-up-20-in-two-hours-369656?e=7d25bb8e3f
Gold extends climb to highest level since February as dollar sinks to 2 1/2-month low
May 10, 2021 – Market Watch – Myra P. Saefong and Mark DeCambre
“Gold prices climbed on Monday, headed for a fourth consecutive gain, supported by a fall in the U.S. dollar to a roughly 2 1/2-month low, as well as some weakness in the stock market.”
The Nasdaq Composite COMP, -2.55% has come under renewed pressure, said Dan Russo, portfolio manager at Potomac Fund Management, adding that this index was on the “verge of a relative breakdown” on Monday.
Some investors “may be using this breakdown as a signal to rotate out of the Nasdaq and into the areas of the market that are leading,” including industrial metals and agricultural commodities, he told MarketWatch. “Precious metals such as gold are not leading yet, but they have been improving of late.”
Obviously this is the next hyped stock
https://mailchi.mp/wealthresearchgroup/america-is-losing-ground-fast-536820?e=2f29542649
Was meant to be under the Aris Gold!!!!
Yep. I got positioned in Aris because with a board of Directors with so many mining giants in one company, it will for sure get hyped, just like Equinox & Leagold did (and has many of the same folks involved).
Aris is going to announce it’s first quarter financial results after the market close today. That should be interesting! DT
I used this “breakdown” (see above) to add to Eloro, which I wanted to do this week.
Also added to Bluestone and Emerita while the algos had their backs turned…
jlskf;aon (Group Ten) jlakd;….I had to camoflage (GT) so the shorts wouldn’t notice it was moving on the positive side today.
Not even going to mention that Silver Viper is up 2 days in a row after being hit by a truck.
added to Sun Summit.
Went up shortly after I bought. What’s that about.
Looks like Sun Summit had recent drill results with a report by Eric Coffin and an interview.
(CDE) Coeur Mining to acquire ~18% interest in Canada’s Victoria Gold
May 10, 2021
“We have long admired the quality of Victoria’s Eagle asset and its recent success in ramping up operations. This compelling opportunity to acquire 17.8% ownership interest in Victoria from Orion is consistent with our stated strategy and capital allocation framework, and complements our existing portfolio of precious metals assets in high-quality jurisdictions in North America,” says Coeur’s President and CEO Mitchell J. Krebs.
(JAG) (JAGGF) Jaguar Mining Reports Financial Results for the First Quarter 2021
May 10, 2021
https://seekingalpha.com/pr/18308991-jaguar-mining-reports-financial-results-for-first-quarter-2021
Orchestrated hit day…might as watch TV in the bomb shelter.
This is a chart of the TSX Venture Exchange, since late February it has been mostly down. IMHO I don’t know where it will go but it may start going up in the “sell in May” time frame.
Break even day…could have been worse..
Think a bad inflation # is good for gold or is there a new theory that has been imagined….we will see.
Everyone on CNBC are “shocked” at how hot the inflation #s are…of course the initial reaction of the algos were to hit the PMs and everything else…
We will see what happens when those that are not “shocked” and live in the real world…react in the market.
Attack on PMs just before open. Morning attack is normal but let see if the miners care about the “paper price”.
Second big “paper contract” hit on gold. This of course, probably will be found to be abnormal and will be shown be “intervention” by insiders whether government or hedge funds or managed money. On its face it demonstrates “fear” of Gold as the real currency.
3rd hit….reinstating the “uptick rule” would help…
Drill results out for Vizsla. Might be a good day to report good drill results.
Check out Westhaven’s drill results also. Ceo.ca news or outlet of your choice like ceo.ca Westhaven…
Not a good day for news, but might be a good day to act on your opinion of the news.
Donovan turned 75 today. Did he ever catch the wind?