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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Not Quite Ready for Liftoff

September 28, 2019

Last week I said gold was ready for liftoff.  Oops.  Didn’t happen. However, like the stubborn mule that I am, I’m still not worried. As the chart shows, since the middle of July NUGT, my proxy for gold, has had a series of higher lows (the vertical lines) and higher highs (the blue circles).  That, […]

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Gold: Brief Pause Over, Ready for Liftoff

September 21, 2019

Pretty optimistic title, eh, from a guy who started buying gold heavily three weeks ago?  No worries, I am very optimistic for the next few weeks. Here’s the chart of NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS, an ETF with 3 times leverage to shares of gold miners: As you […]

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Two Weeks Too Early on Gold?

September 14, 2019

Two weeks ago I told you I was increasing my allocation to gold.  Last week, after gold had it’s biggest one day drop in three years, I told you I was a week too early. It would appear that I was at least two weeks too early, as the above chart of gold for the […]

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A Week Too Early

September 7, 2019

Last week’s post described how I was Increasing my Allocation to Gold.  On Thursday, gold was down $35, for it’s biggest one day drop in 3 years.  So either I’m wrong and gold is going lower, or I was early in increasing my gold allocation. I believe I was early, but not by much. Three […]

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