Gold futures have been down in 6 out of the last 8 sessions since the winner of the U.S. Presidential Election was announced.
The US Dollar Index $DXY has been adding fuel to the selling pressure as it has screamed higher toward the upper bound of a multi-year range.
However, the dollar is entering one of its weakest seasonal periods of the year and should start serving as a tailwind for our shiny rocks.
And if the dollar is about to roll over, our equal-weight basket of precious metal stocks will likely resolve its multi-decade base and make new all-time highs:
Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.
Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.
Here are the top three takeaways from the call:
The riskiest stocks are embarking on a new leg higher:
Think small-caps, Ark funds, banks, and biotech. They’re all making new highs.
On Tuesday, the S&P 500 tested the election gap VWAP for the first time:
And then it did it again today. Buyers showed up to defend this level both times. As long as it holds, the bulls can keep running this short-term rally higher.
With crypto in "rally mode," BTC miners offer leveraged vehicles that can help add extra exposure:
In July, Coatue Management filed a 13G revealing a 9.2% stake in Hut 8 Corp $HUT. The stock is now completing a rounding-bottom formation. If it sticks the landing, this is a brand-new uptrend.
It wasn't clear how the price would react to our target, but sure enough, the sellers showed up right on cue.
But the weight of the evidence continues to suggest this bull market has legs and it's better to spend our time looking for buying opportunities, not selling opportunities.
Let's talk about the recent price action and what it means for our portfolios:
Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.
Thanks to everyone who joined us for today's Hot Corner Insider Weekly Strategy Session.
With the election behind us, banks and crypto proved the ultimate "Trump Trade."
And Customers Bancorp Inc $CUBI stands out as a regional bank, entering the crypto space with blockchain-based payments to attract fintech and crypto clients seeking secure, fast transactions.
This is an outstanding chart:
CUBI is up more than 18% today, and we believe it still has room to run.
We all know it has been a bull market, but how sustainable is it?
In today's Gold Rush video, we addressed the elephant in the room. Is this a bubble?
Additionally, we revisited some of the greatest bubbles of all-time and tied it back to the current environment.
One of our favorite historic bubble examples is silver in the late 1970s:
The Hunt brothers controlled around 1/2 of the world's supply of silver and sparked a 900% rally over the course of 2-years. Over the next few years, silver retraced the entire preceding move as it collapsed by 90%.
Finally, we discussed a few strategies for riding a bubble higher and profiting from all the madness.
Here's the replay and chartbook from today's stream. Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.
Despite bond yields and dollars screaming higher and reaching overbought conditions, stocks and precious metals rallied during what is historically the worst time of the year.
Here's the replay and chartbook from today's stream. Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room.
Be sure to join us and maximize your return potential.