Not a bad move on gold this week. Needs to take out the multi-year high at $1566 though. pic.twitter.com/cKKkcaqj8L — Mike Zaccardi, CFA, CMT (@MikeZaccardi) January 3, 2020 Today’s Chart of the Day was shared on Twitter by Mike Zaccardi (@MikeZaccardi). It’s a weekly candlestick chart of Gold futures over the past three years. 2019 […]
The Big BAANG
John Roque of Wolfe Research recently made an appearance on CNBC’s “Squawk Box” to share his thoughts about the breakout in precious metals. In the segment, he argued that Gold Mining stocks were a better play than the beloved mega-cap FAANG names (Facebook, Amazon, Apple, Netflix, Google). He coined the term BAANG to represent a […]
The Three Major Developments Today
What a day! The S&P 500 hit a record high, Gold prices hit their highest level in over five years, and the US 10-year Treasury Yield fell below 2%. Three major developments in the financial markets, across three major asset classes (Stocks, Commodities, and Interest Rates). Let’s take a look at what some of the […]
“Gold”-ilocks and the Three…Bulls?
The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
What’s Next for Gold and Silver?
Precious Metals are a fascinating asset class…I have yet to encounter investors who are more emotionally attached to their asset as Gold Bugs besides Bitcoin Bulls. And it is this attachment and emotions that keep us coming back and the market open each week. From October to February Gold rallied 14% working its way towards the […]
