A Week of Nothing

December 7, 2019

Nothing happened this week, so I won’t waste your time saying anything. I have sold all of my losers for the year, I have a big cash position, and I’m ready to take advantage of bargains during tax loss season, should any present themselves. That’s the plan, more next week, if anything happens.

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Gold: More of the Same?

November 30, 2019

Two weeks ago a wrote Gold: A Deeper Dive, where I made the point that gold is still in a long term bull market, but the near term future is more uncertain. Price action over the last six months illustrates that point. Gold spent a few months building a base in the $1,300 range, then […]

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Tesla: How is this still a thing?

November 23, 2019

So Elon has this new square ugly cyberbruck, that has bullet proof glass.  So to demonstrate, they drop a metal ball on a regular piece of glass and it breaks; they drop it on Tesla glass and it doesn’t break.  Cool. Then Elon says “hey, throw it at the car window”.  It shatters. The Elon […]

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Gold: A Deeper Dive

November 16, 2019

Let’s start our discussion of gold with some long term perspective: This is the 20 year chart of gold, and as is plainly obvious, gold began a long, slow, bull market back around the time the dotcom bubble burst, with gold in the $250 range.  There was a pull back in 2008 when the credit […]

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Pot Stocks Bounce Back

November 9, 2019

Not much of a story today: cannabis stocks bounce back. Canopy Growth, one of the biggest names, was up almost 13% on Friday.  So should we all buy pot stocks? Nope. Friday’s action was meaningless, nothing more than a blip in a massive downdraft. Canopy Growth was almost $60 at the start of summer, and […]

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Nothing to Add

November 2, 2019

I have nothing to say today, so I will say nothing, other than stay the course. Tesla has peaked and will fade, and gold is looking good, but I don’t see anything big happening in the next week, so whatever I’ve said in the past, keep doing that. How’s that for short and sweet? Perhaps […]

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Tesla – The Sequel

October 26, 2019

Well, that was quite the bump for Tesla. From around $170 back in June, Tesla touched $330 on Friday, very close to a high for the year.  Amazing. As long time readers will know, I am NOT a Tesla believer.  I think Elon is a great salesman, and has managed to convince numerous governments around […]

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What’s Next?

October 19, 2019

What is next?  We have a federal election in Canada this week, but I don’t expect that will have any impact on the markets, unless perhaps the NDP gets a majority government which would tank the Canadian dollar, but I don’t see that happening. In the U.S., Trump is Trump, but he is also a […]

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Have the pot stocks fallen so much that they are now a buy?

October 12, 2019

Fortunately for me, I began the liquidation process on my pot stocks many months ago, so I was spared most of the recent carnage.  The pot stock market is down around a third this year, and that’s a lot. TGOD.TO – The Green Organic Dutchman has a brutal looking chart: It closed on Friday at […]

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Bad week for the market, good for gold

October 5, 2019

I’ll keep this brief, since my thoughts haven’t changed since last week. The market hit a rough spot this week, and so did gold, but gold finished strong, and I expect gold to have a strong week or two coming up.  Why?  It’s down, but it’s in an uptrend, so we should see strength in […]

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