Equinox Gold and Tesla: Some Thoughts

January 18, 2020

Last week I did a deep dive on Equinox Gold, when it closed at $10.40, and I said: Target price $15, with $20 possible by the end of the year. I’ve got buy orders in at $10, with stink bids at $8.50 in the event of a market collapse. EQX.TO – Equinox Gold Corp. closed […]

Read the full article →

Equinox Gold Corp – A Deep Dive

January 11, 2020

My largest gold holding is EQX.TO – Equinox Gold Corp. The two year chart looks great.  From a base building period in 2018 around the $5.00 level, to the “crash” at the end of 2018 down to just over $4.00, to a much better 2020, where Equinox closed at $10.40 on Friday. Of course charts […]

Read the full article →

Gold vs. Gold Shares

January 4, 2020

Friday January 3, 2020 was an interesting day.  The price of gold was up over $23, closing over $1,552, only slightly higher than the 2019 high hit on September 4. Two items of interest: First, there is obvious overhead resistance at around $1,560, so this could be a level where gold pauses for a correction. […]

Read the full article →

Breakout in Gold

December 28, 2019

That was quite a week, eh? NUGT, our highly leveraged proxy for gold mining shares, started the week below $27.50, and on Thursday traded above $34.50, before settling back to close the week at $33.38. That’s not a bad week, and that puts NUGT back to where it was in September, which may indicated that […]

Read the full article →

Tesla: Hew High: Funding Secured?

December 21, 2019

I must admit, I am stunned by the fact that Tesla is trading at an all time high. $400 has served as an impenetrable resistance level, as evidenced by this four year chart.  On three previous occasions Tesla couldn’t break through, and finally dropped to the November/December 2016 support level in the late spring of […]

Read the full article →

Deep Dive on Gold

December 14, 2019

Okay, not a really deep dive, but let’s take a look at two charts. First, a 1 year chart of gold: The bottom over the last twelve months happened in August 2018 around $1,160, and then gold got close to $1,560 in August of this year before correcting down to almost $1,440 last month.  Gold […]

Read the full article →

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.

Read the full article →

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 […]

Read the full article →

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 […]

Read the full article →

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 […]

Read the full article →