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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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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