Not Quite Ready for Liftoff

September 28, 2019

Last week I said gold was ready for liftoff.  Oops.  Didn’t happen. However, like the stubborn mule that I am, I’m still not worried. As the chart shows, since the middle of July NUGT, my proxy for gold, has had a series of higher lows (the vertical lines) and higher highs (the blue circles).  That, […]

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Gold: Brief Pause Over, Ready for Liftoff

September 21, 2019

Pretty optimistic title, eh, from a guy who started buying gold heavily three weeks ago?  No worries, I am very optimistic for the next few weeks. Here’s the chart of NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, an ETF with 3 times leverage to shares of gold miners: As you […]

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Two Weeks Too Early on Gold?

September 14, 2019

Two weeks ago I told you I was increasing my allocation to gold.  Last week, after gold had it’s biggest one day drop in three years, I told you I was a week too early. It would appear that I was at least two weeks too early, as the above chart of gold for the […]

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A Week Too Early

September 7, 2019

Last week’s post described how I was Increasing my Allocation to Gold.  On Thursday, gold was down $35, for it’s biggest one day drop in 3 years.  So either I’m wrong and gold is going lower, or I was early in increasing my gold allocation. I believe I was early, but not by much. Three […]

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Increasing Allocation to Gold

August 31, 2019

Now is the time to own gold. Gold last traded at $1,400 in early September, 2013. Here we are, exactly six years later, and gold has finally blasted through $1,400, closing on Friday at $1,529. That looks like a break out to me. Next stop: $1,800 There are, of course, three ways to play the […]

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On the Road

August 24, 2019

I am on the road this weekend, so I will simply say this: read what I said last week about gold.  Gold had a great Friday.  NUGT was up 12%, proving my point about volatility. The talking heads on TV will tell you it’s because of trade tensions with China, and that may be true. […]

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Gold: The Perfect Buy Point?

August 17, 2019

Here’s the chart of NUGT – Direxion Daily Gold Miners Index Bull 3x Shares Looks good to me. Since the bottom in May and June, NUGT has more than tripled, from $14 to over $40 before settling in at $35. The RSI is down to a favorable 52, the uptrend looks strong, so it would appear […]

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A Quick Speculation: Rubicon Organics

August 10, 2019

Last week I did a deep dive on gold, and nothing has changed on that topic, so I will give you another quick speculation: ROMJ.CA – Rubicon Organics Inc.  here’s the chart: But wait, you say, that’s a horrible looking chart! It peaked at $3.40 in mid-June, and then crashed to $2.60 on Friday. What […]

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A Deep Dive on Gold

August 3, 2019

For some perspective, let’s start with a look at a twelve year chart of gold: Looks pretty good.  On August 1, 2007 gold traded at $645.  By September 1, 2011 it hit over $1,920.  That’s a nice triple in four years, but from there the correction began, culminating in a drop to $1,046 at the […]

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Great Week for Tesla (if you were short)

July 27, 2019

As regular readers of these ramblings know, I am not a fan of Tesla.  I believe that electric cars are the future.  I don’t think we are quite there yet.  Battery technology needs to improve, and we need to find a better way to generate the electricity that will power these cars.  (Burning natural gas […]

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