Sean Brodrick – Investing Outlook On Gold Stocks, AI Stocks, Defense, Cybersecurity, And Oil Stocks
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins me to focus on investing in gold, gold stocks, artificial intelligence stocks, defense stocks, cybersecurity stocks, and oil stocks. We get into some of the softer macroeconomic data and how that may play into future Fed rate cuts. This anticipation in future rate cuts paired with a host of geopolitical tensions is supporting the rising gold price, and also some new interest seen in many of the gold equities the last few trading sessions. Then we shifted over to continued unfolding megatrend in A.I. stocks, and how other sectors like defense, cybersecurity, and energy are also utilizing artificial intelligence to grow. We wrap up this discussion by getting Sean’s outlook on the oil fundamentals, as well as opportunities he is seeing in the oil stocks.
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The huge cup and handle formation on gold is completed and now gold can go to Michael Oliver’s 8K target and $200 silver, if not a lot higher. Even Rambus has finally come out for gold. The country could explode this summer and fall.
Hi there Bonzo Barzini.
Yes indeed a lot of Cup & Handle discussion in the technical community the last few days now the gold appears to be breaking out.
I had already posted this on the John Rubino blog from yesterday, but will repost it here since it ties into this discussion. We’re going to be speaking with Jordan again tomorrow and can do more follow up on this topic at that time.
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Gold Cup & Handles Abound
By Jordan Roy-Byrne CMT, MFTA • The Daily Gold – March 05, 2024
“Yesterday, Gold finally broke out from the handle and surged above $2100 to $2126. Gold had already made all-time high closes in quarterly, monthly, and weekly terms, but clearing $2100 made it official.”
“Depending on how you measure, the upside target is $2,920 or $3,090. The log target, which I have discussed in past articles, is roughly $4,000. Those targets are nice, but Gold is lifting away from a 13-year base.”
“At worst, it is the most significant breakout since 2005, after which Gold surged 360% in the next six years.”
“At best, it is the most significant breakout since 1971, when the United States abandoned the Gold Standard…”
Also here is Goldfinger’s take on the recent break above $2100 in Gold. He’s a sharp lad and savvy technician.
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Gold All-Time Highs Above $2100 & 3 Juniors That Check All The Boxes
Goldfinger Capital – Mar 4, 2024
I like it when you guys pump gold with moron predictions like $8K and give no timeframe, I’m guessing it would take 5 years and there would have to be some black swan event that is like trying to hit Powerball.
Even if gold breakout goes to $3K in 12-18 months it will probably take another year to finish big sell off profit taking just like it always does when big moves take place, it took 10 years to form cup and handle and 3 years of handle before it broke out and lot sell off along way and most gold bugs are buying miners which unless your in the know crash and burn and get wiped out.
So stop pumping ridiculous price targets without calling timeframe because unless theirs black swan effect like 1930 type depression it won’t happen anytime soon.
Moron calls.
“5 Points to Ponder in 2024” Brian Leni presents at Metals Investor Forum | Toronto
March 2024 – #MIF
“Silver the New Oil the Next Uranium” Peter Krauth presents at Metals Investor Forum | Toronto
Mar 5, 2024 – #MIF
We talked in the interview above with Sean about the energy sector, and have talked a lot in recent months about the huge move in the Uranium stocks and uranium price over the last 4 years.
Here are 2 of the sharpest guys in the energy patch (Doomberg and Justin Huhn) discussing the future of nuclear energy:
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Are Uranium and Nuclear the Solution to the World’s Energy Problems?
Vancouver Resource Investment Conference – March 5, 2024
“Doomberg and Justin Huhn bring their expertise in the energy sector to this in-depth panel on uranium and nuclear energy to discuss both the positive developments and challenges they currently see facing the nuclear sector. The duo provide both a macro overview of uranium and nuclear, along with discussing the recent performance of uranium stocks, their strategies for dealing with volatility in the market, and much more.”
Here’s another interesting article in the energy space… this time on Oil and India getting around the Petrodollar…
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De-Dollarization In Delhi – India Urges Gulf Exporters To Accept Rupees For Crude
March 5, 2024
Brief pause for IPT at resistance after rising about 40% from last week’s low…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=11&id=p70621408341&a=965407500
Brixton is about 37% off last week’s low…
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=6&mn=5&dy=0&id=p34126663037&a=869919870
EXK priced in SLV bounced off of important fork resistance today.
https://stockcharts.com/h-sc/ui?s=EXK%3ASLV&p=D&yr=1&mn=1&dy=0&id=p04050018953&a=1577292051
Giant rising wedge (bearish) for Nasdaq priced in XAU…
https://stockcharts.com/h-sc/ui?s=%24COMPQ%3A%24XAU&p=M&yr=13&mn=11&dy=0&id=t1111384277c&a=1155502129&r=1709683081420&cmd=print
Maybe the average investor would start to understand the significance of the gold price if they’d flip the gold chart upside down and call it a dollar chart:
https://stockcharts.com/h-sc/ui?s=-%24GOLD&p=W&yr=7&mn=3&dy=0&id=p39980052680
Navigating the Mining Lifecycle: Insights from PDAC 2024 Amid Rising Critical Mineral Demand
Sakchi Khandelwal -BNN – 04 Mar 2024
“The final phase of the mining lifecycle involves bringing a mine into production, a feat achieved by few but sought by many. Karora Resources stands out in this elite category, demonstrating profitability and growth in gold and nickel production. Their focus on expanding resources and efficient operations in Western Australia highlights the potential for mining stocks to deliver sustained returns…”
Eric Sprott’s Biggest Investment EVERRRRRRRRRRRRRRRR………………………! DT
Do you know what is the weirdest thing about the video that I just posted above, it has been out for just over one month and it only has 9,100 views. If that doesn’t tell you about the state of the precious metal market nothing else will. LOL! DT
good one DT…………..
The BIden Plan is working… lol….
Yesterday Cartier Silver only traded 1000 shares because we are living in “The Mexican Standoff” where nobody wants to sell and the buyers are lining up and must buy or they will miss one of the biggest opportunities in their investing career. DT
day DXY….looks to want to fail and descend into an intermediate low later Spring time…https://tos.mx/vWGladz
This was the drone making company that Sean flagged in the interview above that had such a big move up 28% today:
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(AVAV) AeroVironment Stock Jumps as Defense Contractor Reports Strong Earnings, Boosts Guidance
Story by Bill McColl • Investopedia – 2 hours ago
https://www.msn.com/en-us/money/topstocks/aerovironment-stock-jumps-as-defense-contractor-reports-strong-earnings-boosts-guidance/ar-BB1jnBjZ