Jim Tassoni – Finding Opportunities In Falling Markets: Gold, Nat Gas, Europe & Chinese ETFs
Jim Tassoni, CEO of Armor Wealth Strategies joins us to share where he sees opportunities in these volatile and now downtrending markets.
Jim provides a detailed analysis of various assets including gold, bonds, and energy stocks. We examine the consistent strength in gold due to central bank buying and discuss trading strategies around both gold and gold stocks.
Jim highlights their strategic positions in the bond market, particularly short-term ETFs like SHY, as a hedge against equity market downside.
The conversation shifts to a mixed performance in the energy sector, with specifics on trades involving oil and natural gas. Despite recent challenges in the oil market, Jim shares insights on successfully capitalizing on natural gas trades.
Financials also come into focus, as Jim explains the potential for deregulatory benefits and the current tactical standpoints, including the critical levels to watch in sector ETFs like XLF.
Additionally, we explore international markets, with particular emphasis on opportunities in Europe and China. Jim discusses how European ETFs like EWU and EZU, and the Chinese FXI, have shown promising momentum, hinting at a potential shift away from US market dominance.
Jim concludes with a long-term view on market stability and the potential risks and rewards of investing in international markets amidst global economic uncertainties.
This week is an important one. The Nasdaq had a bearish breakout versus gold yesterday that is likely to hold on Friday for a weekly close. The bearish writing has been on the wall for awhile in multiple ways as parts of the market have led other parts of the market and now we’re getting confirmations.
In dollars QQQ exceeded its 2021 high by 35% but priced in real money/gold it never even matched its 2021 high…
https://stockcharts.com/h-sc/ui?s=QQQ%3AGLD&p=W&yr=3&mn=11&dy=0&id=p15070117942&a=1745773727
Oh what I good surprise!
Matthew, I’m really glad to see your posts.
I was missing you.
Thanks Canuckski it’s good to see you too.
Matthew, it’s good to see you posting again I hope everything is well with you. DT
Hi DT, all’s good. I hope the same for you.
⬆️➕
Silver just put in its highest close vs the S&P since 11/5 (before the election):
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24SPX&p=D&yr=1&mn=5&dy=0&id=p67286025471&a=1921953921
SLV:URA weekly breakout (and up 80% in last 13 months):
https://stockcharts.com/h-sc/ui?s=SLV%3AURA&p=W&yr=5&mn=1&dy=0&id=p15277889275&a=1921955514
Daily SLV:URA is overbought and rather vertical so a short term pullback could start at any time…
https://stockcharts.com/h-sc/ui?s=SLV%3AURA&p=D&yr=1&mn=1&dy=0&id=p79856396543&a=1610025769
I’m betting the Canadian dollar has found a low.
https://stockcharts.com/h-sc/ui?s=%24XDC&p=W&yr=8&mn=3&dy=0&id=p05703796236&a=589642399
SLV took back its 200 day MA one year ago today and then rose another 50% before finally and successfully testing that MA again in December. Today the 200 dma is over 30% higher than it was one year ago. That is an example of a rising “floor” in a bull market. Three days ago SLV came within 1% of that floor and now it is 4.2% above it. Last year it reached as much as 34% above it so the current level just might represent an opportunity.
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=1&dy=0&id=p54836408599&a=1864035649
Breakout in the works for XAU vs SPX? Probably.
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24SPX&p=W&yr=5&mn=5&dy=0&id=p37235736614&a=1899210912
XAU vs RSP (equal weight S&P 500 ETF):
https://stockcharts.com/h-sc/ui?s=%24XAU%3ARSP&p=W&yr=5&mn=3&dy=18&id=p30108162497&a=1905030427
GLD:RSP at highest level in 50 months and up 46% since Nov. 22 low:
https://stockcharts.com/h-sc/ui?s=GLD%3ARSP&p=M&yr=9&mn=11&dy=0&id=t3734232515c&a=1914509854&r=1741146810781&cmd=print
$3300 gold before a correction looks conservative compared to the action of 2020 and ’24. In both of those years price extended about 19% above the top price pivot. However the odds of such a performance in back-to-back years is statistically highly unlikely so hedging one’s gold on any move over 3,000 makes sense to me and it’s better to be early than late.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=9&dy=0&id=p05479208371&a=877923791
Matthew,
Gold most likely won’t go past the R1 on your chart.
It could go up to 3,033, but that’s a major push. And it won’t even last a day.
If you look at your own chart you posted, you have major bearish divergence on the MACD and RSI.
That doesn’t look good for gold.
Your own chart says gold has topped.
There is a lot of other technical indicators that say gold has made a mid or long term top.
The elliot wave 5 pattern on the weekly chart has ended. That means it’s going down from here.
And the Fibonacci trend extension has completed.
Gold has topped.
In 2000 the S&P was worth 5.5 ounces of gold. In 2011 it was worth about one-tenth that amount. Today it is just under 2 ounces and heading lower.
https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GOLD&p=M&yr=35&mn=3&dy=0&id=p36022412496&a=1104681131&r=1741147087765&cmd=print
Bitcoin’s chart is ugly but I’d bet Michael Saylor doesn’t see it that way.
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=W&yr=5&mn=11&dy=0&id=p95592436915&a=1075706252
The dollar is done at least for awhile.
https://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=9&mn=0&dy=0&id=p96549936066&a=1257966523
The miners look great compared to the stock market.
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24INDU&p=W&yr=3&mn=0&dy=0&id=p57399168308&a=1916649000
https://www.tradingview.com/x/xDinrYaF/
NatGas : Initial Pull Back Targets
https://www.tradingview.com/x/Rm0yqUZO/
NatGas : The Widow-Maker Strikes
Back with a 💥….great to see you posting Matthew you were missed..
Yes.. Ditto.. Wolfster.. greatly missed
Wolfster, Ann, Dan, irishtony, Marty, thank you, you all are very kind.
Great to have you back Matthew, thanks for the charts and commentary.
Silver overbought on the 4 hour chart but looks friggin’ strong!
I should have said getting overbought as the RSI is still under 70 but the slow stochastics have been embedded for the last two days.
Matthew the chart is back… Hooray ….. I dont understand the charts , but i do look at them , perhaps it’s because i like looking at wiggly lines . & if they are in colour even better . Matthew you just made an old geezer very happy ……………………………….. LOL
I have a colorful one for you Tony; I just hope it’s wiggly enough too!
https://stockcharts.com/h-sc/ui?s=NFGC&p=D&yr=1&mn=3&dy=0&id=p77945769778&a=1922567465
I’ve been accumulating this one for the last few months.
https://stockcharts.com/h-sc/ui?s=NFGC&p=W&yr=5&mn=0&dy=0&id=p97397287623&a=1862937898
Hi Matthew, thanks for this NFGC chart. I have owned it for several years and made a lot at first, but never sold any, and am now in the red. Maybe I should buy more, but I am also looking at BTG, CDE,
AYASF, and ODV. Your thoughts would be much appreciated.
Bonzo, I consider NFGC a strong buy but I don’t want to talk you out of BTG or CDE which both have great immediate upside from here in my opinion. Maybe buy all three? The other two you mentioned could also do well but I don’t like their technical pictures as much.
I do not currently own BTG or CDE.
Yes, hard to believe NFGC dropped 87.41% from its all time high. Never owned a share until Dec2024 between $1.53-$1.84. Coeur stole SILVCREST back in Sept and got punished for it for no good reason other than CDE’s beeen a pitiful company since 1996. The founder and CEO Fier had health issues, seems that’s the only reason for SILV to cash out. SETTING A NEW STANDARD AND THEN IT DISAPPEARED.
I agree about CDE. It has not been a quality company but that’s part of the reason it does so well when the sector does well. Bad companies (not the worst companies) often enjoy the most relief when the metals are rising. Conversely at market bottoms they tend to be priced for bankruptcy. I forget who I was talking to here but a year or two ago I mentioned that HL was the much better company but also that it would probably underperform CDE in the coming bull market. And so that’s been the case. CDE almost quadrupled off its low of just over a year ago while HL gained 130%. But such outperformance is not guaranteed as HL outperformed in 2019-2020 as well as 2008-2010 while CDE outperformed in that big move of 2016.
CDE priced in SLV looks good to me…
https://stockcharts.com/h-sc/ui?s=CDE%3ASLV&p=D&yr=1&mn=1&dy=0&id=p87511841639&a=1922956033
Thanks, Matthew. As I already own a lot of NFGC and BTG, but just a small amount of CDE which I just got for my Silvercrest , and also a small holding of AYASF, I should probably buy more CDE. I heard Rick Rule say he does not own NFGC but it is loved by Eric Sprott and Quinton H. Rule likes VZLA and Dolly Varden and Snowline. I own DOLLF and Snowline. Fortunately I bought FNLPF below 8 last year. It produces about 60 million oz of silver a year with huge reserves. I do not own VZLA.
TSLA is obviously vulnerable to more downside…
https://stockcharts.com/h-sc/ui?s=TSLA&p=W&yr=5&mn=0&dy=0&id=p03377257522&a=1272511077&r=1741198202922&cmd=print
As long as breakout holds, TSLA should be fine
https://stockcharts.com/h-sc/ui?s=TSLA&p=M&b=5&g=0&id=p16673094339&a=1826544514&listNum=1
TSLA’s PE is 3-4 times those of AAPL and NVDA which spells big risk should stocks in general run into trouble. In fact such a PE should be reason enough for great caution in any market that’s not in a serious bubble.
Losing “P” after peaking at the R1 price pivot was not a good sign but maybe it “just” needs to retest its breakout level which is currently below 220. That’s another 20%+ drop from here.
https://stockcharts.com/h-sc/ui?s=TSLA&p=W&yr=3&mn=11&dy=0&id=p68915650317&a=1716139328
https://www.tradingview.com/x/8mTrLs0k/
Dollar Index : Strong Triple Support.
What Could Break It Further?
Thanks MATTHEW…… Just in TIME…….. reading the markets ……. History is about to repeat it’s self in the GOLD and SILVER market….. the other markets are in for a correction big time…(according to some)
As Sprott says.. (when speaking of gold ,silver and mining stocks)…. “Double , then double, then double, then double again..”..
GOLD going a Lot higher…… JtheLong…. 🙂
Hi Jerry, I agree with Sprott!
thanks for the reply….
Concerns………………….. PANAMA CANAL…………. BLACKROCK… bought CK HUTCHINSON , the largest owner of PORTS in the WORLD………43 ports in 23 countries…
TRUMPSTER forgot to mention this….. 🙂
WAKE UP SHEEPLE……. the RESET CONTINUES….. MIC /FRAUD BANKSTER still at work… 🙂
Link is over in the ORPHAN SECTION…
It’s time for silver stocks to outshine gold stocks.
SILJ vs GDX
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=3&dy=0&id=p00807850044&a=1922912632
Hi Matthew, after sleeping on it and thinking about the good things I’ve heard about NFGC in the last week from you, Sprott, Moriarity, and Quinton H. , I went ahead and bought more NFGC at the opening today@1.75. Today is March 6, the day the Alamo fell in 1836. Remember the Alamo!
Hi Bonzo, that’s a great price in my opinion. A lot of risk has been wrung from the stock!
In real terms the equal weight S&P 500 topped over 3 years ago.
https://stockcharts.com/h-sc/ui?s=RSP%3AGLD&p=W&yr=7&mn=2&dy=0&id=p48434469025&a=1919753503
The semiconductors are down 38% versus silver since topping one year ago (March 8th) and broke through several more supports today…
https://stockcharts.com/h-sc/ui?s=SOXX%3ASLV&p=D&yr=1&mn=5&dy=0&id=p70118618622&a=1350347609
The TSX-V would look much better if not for all of its non-mining components.
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=W&yr=6&mn=0&dy=0&id=p69203098652&a=1162141959
Thanks for this one, I’m probably the only one that watches this index but it can easily take all stocks down when it tumbles just not as much for the PM stocks as you pointed out.
I went short Silver again yesterday because of the 1 hour silver chart.
Well DT…. I have to admit that despite knowing how flawed Trumps whole tariff plan was and is even I didn’t expect him to capitulate that fast. 🤣🤣🤣
WOLFSTER!!!!!!!!! What I just read was that there was a one-month reprieve on auto tariffs, (now to take place on April 2nd) they must agree to no tariffs then you can kick up your heels and do a little dance. LOL! DT 🤣🤣🤣🤣
And Wolfster, if you get to do a little dance, I think you should film it and post it on this board so we can rate it on a point basis from one to ten. LOL! DT😜
Yeah that’s not happening DT. 🤣🤣🤣
Here’s why 30 days doesn’t make a diff DT.
Great quote.
This is why Ford CEO Jim Farley has spent much of the last month warning that tariffs would “blow a hole” in the U.S. auto sector…..
see. Trump just recently spoke with all 3 American auto ceos and now no tariff for 30 days. What will be different in 30 days.
Wolfster, no matter what I have always stated that if the tariffs are enacted and allowed to take hold. You better hope they are cancelled. I want to see you doing a jig! LOL! DT 😍🤩😜
If Trump wants the auto industry to come back to the US, he should do what America used to do, and The Chinese are now doing. America should build the biggest baddest automotive plants using all the latest technology that beats even The Chinese. That is the only way you can compete in this World. You must have plants that are more efficient and turn out quality reliable cars with prices that make it almost impossible if not impossible for your competitors to compete.
For the people here interested in New Found Gold Labrador Gold sold their Kingsway Project to New Found Gold in July 2024 and received 5,263,157 shares in exchange for this property. Labrador Gold still has the shares because they haven’t listed any of them as being sold but if they hold onto them, they will make a lot of money. Labrador Gold is currently selling for 7.5 cents CDN. If NFG does what Eric Sprott thinks Labrador will make out handsomely. You may want to consider owning some shares of LAB at the time of this news release in July Labrador also had $6.4 million in the bank as well as their other properties in the same jurisdiction. DT 😉😜😉😜😊
That’s right DT, those shares are currently worth more than Labrador Gold (13.5M vs 12.75M) plus Lab still has worthwhile projects and around $5M in cash.
There are a lot of great gold mining companies in the Baie Verte region of Newfoundland the same region where NFG is operating. Maritime Resources has two ball mills one in Pine Cove Mill that has just been refurbished right adjacent to the harbour so they can ship goods in by barge or transport by road. Pine Cove Mill is a 1,350 TPD facility. Maritime has been hitting high grade ore and will soon start production. New Found Gold has a property adjacent to Pine Cove Mill and an agreement with Maritime where they can truck their ore and Maritime can process it. This will give NFG operating capital, but I believe they (NFG) will want to take out Maritime.
Maritime released a drill intersection two days ago. They have been hitting high grade. Just check this out:
DT LOL!
If you are a gold investor you need to pay attention to what is happening in Newfoundland, it will be one of the great areas of The World for gold mining and it is just starting. DT
Hi Wolfster, Brian Lilley just came out with the latest Trump Tariff talk, it sounds like an explosion in a spaghetti factory. Trump keeps mixing in new ingredients. Anyway, here is the latest: I hope you listen in: DT
Hi Wolfster again, this is what Trump said about Tariffs 3 hours ago. He sounds serious, we will see, it is apparently still on for April 2nd. DT
I’ll believe it when It happens….just like PP winning….the latter I hope happens….as for the first the auto industry they can’t build plants overnight and therein lies the conundrum for Trump. It will take a transition time. During that time they still need things running as they are now….and with regards to resources such as phosphate (90% purchased from Canada) what’s the plan????…..I honestly am not a conspiracy theorist but I think there’s a completely different agenda. Best I could come up with so far centres around American debt coming due in April. Trying to manipulate rates below 4% by creating chaos and perhaps killing 2 birds with one stone by getting better trade deals and pushing to eventually bring home more manufacturing. Hard to do with say aluminum as Canada has a huge cost advantage with lower electricity.
I hope Trump taps out when Doug Ford cuts off the power to New York State. Trump likes a good fight and so does Doug Ford. The headlines will read the TRUMPSTER verses DOOGY! Let’s Rumble! LOL! DT