The Bull Market Lives

August 12, 2017

Last week I pondered the question: Will Amazon Predict the Market Top?  Presumably if AMZN, a high flyer this year, gets into trouble, that could be it for the market.  This week Amazon touched $996, but couldn’t break through the $1,000 level, and by Friday traded as low, intra-day, as $951.38. That’s not a great […]

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Will Amazon Predict the Market Top?

August 5, 2017

The markets continue to set records this year, and a lot of market strength is due to one stock: Amazon. On the first trading day of 2017 Amazon traded at under $750.  On July 27 it touched $1,080, for a 44% year to date gain.  That’s impressive. However, since peaking at $1,080, Amazon corrected all […]

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Gold: Meandering for the Summer?

July 29, 2017

Gold had a somewhat obvious double top at the April and early June highs, so a drop from there was not unexpected. Of concern is that the correction down to just below $1,205 on July 10 was below the previous low of $1,214 on May 9.  “Lower lows” are not good to see if you […]

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The Bottom is in for Gold

July 22, 2017

Yeah, I know, I’m some guy who writes a blog every Saturday morning, the purpose of which is for me to keep track of my thoughts so I can remember my current strategy.  I have no greater insight than the guy next door, so why should my opinion mean anything? It shouldn’t, but since you […]

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Toronto Real Estate: Some Thoughts

July 15, 2017

The price of gold continues to meander, so I’ll get back to that discussion next week.  Today, since I’m writing this after a two day two of Toronto, where I spent yesterday walking various neighborhoods, I’ll give you my “on the ground, completely unscientific” thoughts on the real estate market in Toronto. As anyone who […]

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Nice Collapse for Gold

July 8, 2017

“Nice”, of course, is a relative term.  If you are long and leveraged in gold, the drop from the $1,294 level on June 6 to intra-day $1,206 on July 7 could not be described as “nice”.  A 7% drop in a month is not nice.  If you are looking to add to your positions, perhaps […]

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Gold at the 2017 Half Way Mark

July 1, 2017

So here we are, at exactly the half way point in 2017, looking forward to the start of the real summer vacation season.  Happy Canada Day, and Happy Fourth of July.  As for gold, not so happy. Over the last month, gold has traded in a range, roughly bound by $1,257 on the top, and […]

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Still Short on Gold

June 24, 2017

I’ll keep this brief, since I explained last week why I’m short on gold, temporarily. I’m still short, and the week started out great with that strategy, using JDST, a 3x leveraged bear fund. But then gold bounced up, and I finished the week essentially back where I started. So, on Friday, I increased my […]

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I’m now SHORT on Gold (Temporarily)

June 17, 2017

Yup, I’m short on gold. I still believe that by the end of the year gold will be trading higher than it is today, perhaps significantly so.  But, as I said last week in my post that it’s not looking good for gold, gold has some issues.  Let’s take, as an example, GDXJ, a security […]

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Not Looking Good for Gold (So You Should Buy)

June 10, 2017

The gold chart is not encouraging (so I’m probably interpreting it incorrectly, so you should probably be buying……..).  As my proxy for gold I use NUGT – Direxion Daily Gold Miners Bull 3x Shares NYSE + BATS because it’s 3x leveraged to a basket of gold miners, so the swings are more pronounced. Here’s the six month […]

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