Yesterday I mentioned that the price of Gold was moving above resistance lines and was or about to break out of a range-bound chart pattern. Continue reading
Yesterday I mentioned that the price of Gold was moving above resistance lines and was or about to break out of a range-bound chart pattern. Continue reading
Emerging Market ETFs are in lower risk chart patterns but are lacking a strong catalyst for driving their price higher.
Catalysts likely are, a falling US Dollar, rising commodity prices, and asset rotation out of US equities and debt.
VWO appears to be the better positioned of the emerging Market ETFs in relationship to its moving averages. Continue reading
Companies to consider buying
Six to Thirty-six months, for the double. That beats bank returns. Ideas to accumulate on the dip.
LOTM readers are well aware, we work with the attitude to Buy Companies and Trade Stocks.
When making a purchase – we determine which of the two categories mentioned above the purchase will fall into. Continue reading
Re: Soluna Holdings (SLNH)* $8.40
John Belizaire is the CEO of Soluna Computing.
Soluna Computing is the world’s first utility-scale company combining Alternative Power Generation with high-performance computing facilities. Continue reading
Unloved and over-sold, XBI the S&P Biotech ETF, is attractive for a short-term over-sold bounce and a long-term accumulation perspective. Continue reading
LOTM: Ten Under $10 comment Jan 29, 2022
GATOS Silver: Lots of price drama this week. The share price dropped from about $10 to Fridays close of $3.06. We are impressed by the drop mainly because we not that impressed by the news. Yes, it was a shock. And yes, we are uncertain of the ultimate outcome. The company stated that reserves were overstated – possibly by 50%. The adjustment will not be known for six to eight months. In addition to the reserve downgrade, a number of brokers downgraded the shares from out-perform to under-perform. The fall in price triggered margin selling. At $3.00 all margin related to the shares has to be 100% paid off. That tough situation and acts like a magnet drawing the share price to the $3.00 area where the stock needs to be fully paid for. Continue reading
Last week, LOTM shared the relationship between the S&P 500 and Gold as shown in the SPY divided by GLD. The chart above provides a visual on whether more focus can be applied to one or the other. Currently we would use a rally in this chart to sell the S&P 500 and buy Gold. Continue reading