Quick Update on COVID-19

March 21, 2020

You don’t need me to tell you what’s happening on the market.  You have the internet, I assume. The price of gold is back to where it was in August 2019.  A big correction, but not the end of the world. The DOW closed Friday around 19,000, a level last seen in the fall of […]

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Disaster for Gold and Everything Else

March 14, 2020

Oh boy. On February 24, 2020 NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, traded over $42.  14 trading days later it closed at $6.76, after trading as low as $6.  That’s an 86% drop in two trading weeks. How’s that for volatility? So now what? Do we close up shop […]

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Coronavirus, the stock market, and the economy

March 7, 2020

That was a fun week, eh? Last Friday, February 29, the SPX traded under 2,875; this week it didn’t trade below 2,900, so on that basis “support is holding”. Of course on Wednesday it was over 3,125, so the drop to 2,900 on Friday is a 7% drop, which is not a great three day […]

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Disaster: The Beginning, or the End?

February 29, 2020

Quite a week, eh? Last week I was bragging about how it was a great week for gold; everything looked great.  This week, not so much. NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, the highly leveraged way to play gold shares, closed a week ago at $38.38.  Now it’s at […]

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A Great Week for Gold

February 22, 2020

That was awesome, eh? Gold started the year at $1,517.  It touched $1,652 on Friday.  Not a bad start to the year. The highly leverage ETF that tracks gold mining shares, NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, has had a rockier ride this year, but is finally back in […]

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Equinox Gold – New High – What’s Next?

February 15, 2020

Back on January 11, 2020 I published Equinox Gold Corp – A Deep Dive, where I explained why I thought EQX.TO – Equinox Gold Corp., my largest gold holding, would go much higher. This three year chart looks good.  Very good, actually. Equinox Gold traded at $9.62 on January 3, and closed on February 14 […]

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Out of Apple

February 8, 2020

Last week I described my Apple Experiment; this week I ended the experiment.  You will recall that I bought Apple shares, and sold covered writes against them.  That worked out fine, most of the transactions were profitable, but in the end I decided the risk was not worth the reward.  Yes, making 1% each week […]

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Apple – AAPL – My Experiment

February 1, 2020

We all know the Feds are printing money like crazy, and the stock market will keep rising until the US election in November, so it’s prudent to take a position in the stock or stocks that will benefit from a rising market. Most of my portfolio is in gold, but you’ve got to diversify, so […]

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How will China Impact the Market?

January 25, 2020

As I write this on Saturday morning, January 25, 2020, the coronavirus spread is accelerating in China, and that’s not good news. Gold was trading at $1,546 on January 21, and sits at $1,571 now, so it would appear that speculators are moving to gold for protection against whatever may happen next. Needless to say, […]

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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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