Weekend Show – Markets and Metals – Strategies To Make Money In These Bear Markets
Another tough week in the markets at least ended on a slightly positive note. The fall in commodities lead by energy and copper was noteworthy but also helps to bring down some of the key economic indicated central banks are watching.
I focused this Weekend Show on more investable themes and strategies for the sound half of this year. It’s a touch market but there are a few opportunities that can help save portfolios. I hope you all have a great weekend!
- Segment 1 and 2 – Adrian Day, President of Adrian Day Asset Management and Manager of Euro Pacific Gold Fund kicks off the show by recapping PDAC and his thoughts on the Gold Standard Ventures take-over. We then discuss different countries in South America from an investment angle. We also look at copper’s drop and gold vs gold stocks. Click here to learn more about Adrian Day Asset Management.
- Segment 3 and 4 – Dana Lyons, Fund Manager shares his trading strategies for US markets, energy, bitcoin, gold stocks and copper. There are some very important overall strategies that Dana considers key during these tough markets. Click here to visit The Lyons Share website.
Exclusive Company Interviews This Week
- Aurion Resources – More High-Grade Gold Intercepts At The Helmi Discovery
- Novo Resources – More Information On The Production Pause, Possible Restart and Ongoing Exploration
- Allied Copper – Permits Received For The Klondike Property, Drilling Starting In July
- Benchmark Metals – A Dive Into The Updated Resource At The Lawyers Project, Now At 3.55 Million Oz Gold Equivalent
- Vizsla Silver – Drilling At Copala Hits High-Grade, Long Widths and Expands The Mineralized Footprint, 9 Drill Rigs On Site
Rate hikes built in for July, stock market rally for few weeks while the big banks push down gold miners and wash out all week hands.
should there not be a relief rallying due to futures expiration or will we meet resistance to close out June?
I would think July August should be up months for gold and silver even if the bull market isn’t ready yet.
I couldn’t agree more but have to admit that I will be surprised if we don’t see the major low by mid August (if we haven’t already).
Silver might be putting in a double bottom but I’d feel better about it if it had tested its 200 week MA. It came very close to it but the bids stacked there were just too much to allow it to happen. If it takes off without ever touching it (like in the thinly traded hours of Sunday night/Monday morning), it would be bullish. GDX, GDXJ, GOEX, ASA, SIL, SILJ are all below their 200 week MAs. Only gold, silver and the oldest (and probably best) gold mining mutual fund, USERX, are not.
Oversold copper bounced at support to finish the week 2.7% off its low (but still down 6.8%)…
Silver went up 11-fold versus the CRB from 2003 to 2020 and is currently still up almost 4-fold while it is at its lowest monthly RSI reading in 31 years.
This chart says sell COPX, buy GDX (big picture chart, not for precise timing of trades):
On Saturday, the media reported that US President Joe Biden and other G7 leaders would agree to impose a ban on the import of new gold from Russia, UK newspaper Independent reported on Sunday, citing Downing Street.
I assumed that would happen when they said thatthey would take gold in payment for their products.Although when you stop and think about itthey would simply be paying for their own products, wouldn’t they!
G7 countries can’t afford to buy gold, they’re broke and they have no rubles to pay for it anyway.
Don’t be surprised if the stock market rises for quite awhile.
Commodities are set to fall for quite awhile…
Commodities went up along with yields (both due to inflation) and now both need a break, especially commodities.
The UST 2 year yield went up another 8.5 fold after first becoming overbought in early October…
I am working on one of those 98.76% Fibrionical corrections for my own good so I can almost break even during the upcoming biggest commodity bull market of all time.
Matthew, Bought a few US tech & Chinese names for trading. I fully expect this rally to go longer than most people anticipate.
AAPL turned up right at fork support with a weekly RSI bullish divergence. I’d watch that March low resistance at 149.88 followed by the now falling (just barely but “bearly”) 50 week MA which is currently about 10% above.
Caution should remain elevated until the new month and quarter begins since those big charts are the ugliest/most threatening they’ve been since at least 2008 and can have their way with the much more promising shorter term charts especially when they’re turning.
The Nasdaq and Nasdaq 100 have been leading the S&P and Dow (topping in November while the S&P and Dow topped in January) so I continue to favor them for timely clues. Here’s the monthly Nasdaq 100 and it shows new bearish developments that shouldn’t be ignored.
Now that BABA chart is much more appealing than the US indices. Here it is priced in QQQ:
I also bought XBI, lscc, AAPL, AMD, NVDA.
Monday morning Chinese tech having a good day in Hong Kong
Monday morning Sydney, Evolution Mining(EVN.AX/) down 18% and falling.
Speaking of bigger charts having their way with the smaller ones, the 10 year yield is days away from securing a quarterly chart breakout of its 40 year downtrend. Will that event send yields flying higher even though the smaller charts suggest it’s time for a pullback/pause?
Trend Strength & Timing : https://tinyurl.com/4ypebbv9
Markets up early, but pull back possible (38.2%?).
If so, up later today (Monday) or tomorrow.
Some commodities weak (O&G too?).
Beware GLD break: https://postimg.cc/ykGBf973
right BDC../gc is still holding a narrow trading range….however miners have broken that previous swing low which means in this case that a trading cycle low failed…this needs to recover quickly to conclude that miners are not leading…eg….leading gold down…glta
Thanks! The general markets may retrace some,
but the path of least resistance now may be up.
‘Durable Goods’ up.
Dana Lyons bullish on Gas & Oil.
Next week may be prodigious.
General markets rising now.