ZEB and Gold

May 30, 2020

As mentioned last week, I have taken a position in ZEB.TO – BMO Equal Weight Banks Index ETF, an ETF that has an equal weight of the six largest Canadian bank stocks. You would think this is a horrible idea, given that the banks this past week reported much higher loan loss provisions, and therefore […]

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Time to Buy Bank Stocks? Have I Lost My Mind?

May 23, 2020

We’ll get back to talk of gold and bitcoin next week.  (I still like gold, by the way, and Bitcoin will be higher in a year than it is today, but it’s a speculation, not an investment).  But let’s go off the board and discuss something I have never discussed before: Bank stocks. What? The […]

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Gold and Bitcoin

May 16, 2020

It’s the long weekend here in Ontario, and today, Saturday, we will have our first decent weekend weather day in a long time, and the next few days will be rainy, so everyone will be outside today, lock down or not.  That’s good.  Let’s be safe, but let’s get on with it. Two charts for […]

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Stress Levels Rising

May 9, 2020

To answer my question from last week: Tesla: Is this the end? the answer, apparently, was no, at least not this week, as Tesla went from $700 on Monday to $819 on Friday.  Yup, a 17% gain on the week when factories are shut down and no-one is buying cars.  Amazing.  The crash will be […]

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Tesla: Is This Finally The End?

May 2, 2020

I currently have no position in Tesla, but I am on record as thinking it’s a gigantic fraud.  Their technology is no better than anyone else’s, and despite a decade in business they have never made an annual profit.  They exist entirely due to government largess. And their CEO is nuts.  On Friday he tweeted […]

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Equinox Gold: Big Win, So Taking Some Cash Off the Table

April 25, 2020

Back on February 15, 2020, in my post on Equinox Gold – New High – What’s Next?, I said this: As of today EQX is not part of GDXJ, but I expect it to be added over the next month or two.  When that happens a new wave of buying is required to include it […]

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My Fun with Apple

April 18, 2020

This week I decided to play with Apple options. Apple, in case you haven’t heard, is a really big company; as goes Apple, so goes the market.  If Apple is up, it’s likely the market is also up, and vice versa. As you know, we had a crash, and then a partial recovery, which leads […]

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And now, we wait

April 11, 2020

By all accounts, it was a great week on the market.  I know.  The Wall Street Journal said so: U.S. Stocks Log Best Week Since 1974 Unemployment claims are at record highs, the economy is in lock-down, and the market has it;s best week in 46 years? All is not what it seems, of course. […]

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Is April the Pivot Month?

April 4, 2020

Last week I asked When Will We Hit Bottom? I posited the theory that the key is to watch the death rate: Here’s a test: How many deaths are occurring?  Obviously the number of cases will increase exponentially over the next week or two, as more people are infected, but if there is an effective treatment, […]

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When Will We Hit Bottom?

March 28, 2020

How do you know when stocks have stopped falling? The easy answer is “when we have a double bottom”.  That makes sense, psychologically.  In the absence of specific news (like a bankruptcy filing and the company shutting its doors forever) stocks don’t fall every day for 30 straight days until they hit zero. As this […]

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