S&P 500 (SPY) divided by Gold (GLD) is starting to roll-over based on the shorter-term moving averages. This means that the S&P 500 is doing less well than the price of gold. If you rotate between the S&P 500 and the Gold ETF (GLD), you would be starting the shift from (sell) the S&P 500 and into (buy) the physical gold ETF – GLD. With the price of the S&P 500/GLD indicator now below 50-day moving average, and the 20-day MA about to drop below the 50-day MA, the S&P 500 rally is now on a short-term sell signal and a buy GLD signal.

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Dated March 11 – 23

There’s a lot going on in the market.
New trends beginning,
Current trends topping,
Asset rotation,
Bitcoin: A New Asset Class being funded.

Heightened Risks, New opportunities. Today I’d like to share things to watch out for positive and negative outcomes.

Outline: The LOTM approach is as a Position Trader. We tend to build core positions and trade around those core positions. As such we look at the company and value first – not always but for the most part. While we work on timing through technical analysis and stage analysis, we tend to be early. Most of the time we get it right, but we do enter stock positions at what we think are points of a trade that reflect Continue reading →

Investing News Network – Melissa Pistilli Feb. 28, 2024 (Full Story Linked here)

Keith Neumeyer of First Majestic Silver (AG) has said he sees the white metal reaching US$100 per ounce.

Neumeyer has previously stated that he expects a triple-digit silver price in part because he believed the market cycle could be compared to the year 2000, when investors were sailing high on the dot-com bubble and the mining sector was down. He thinks it’s only a matter of time before the market corrects, like it did in 2001 and 2002, and commodities see a big rebound in pricing. It was during 2000 that Neumeyer himself invested heavily in mining stocks and came out on top.

“I’ve been calling for triple-digit silver for a few years now, and I’m more enthused now,” Neumeyer said at an event in January 2020, noting that there are multiple factors behind his reasoning. “But I’m cautiously enthused because, you know, I thought it would have happened sooner than it currently is happening.” Continue reading →

February 26, 2024 –

Color code: Dark Green is a “Strong Buy,” and Continue reading →

Summary:

• Chainlink Perspective to Other in the Crypto Blockchain World
• Chainlink Gaining within Traditional Finance

Price Performance / Perspective with others engaged with Crypto & Blockchain.

Returns sourced from TradingView

Chainlink (LINK) $18.48 is rapidly being brought into the Continue reading →

Technically, Galaxy Digital’s price resistance is at $10.00. Long-term outlook is positive however we believe the shares will spend a month or two consolidating its recent move. We continue to like Galaxy as a long-term position involved in Digital Assets. Use risk management tools appropriate to your situation and risk tolerance.

LOTM considers itself a speculator due to our nature of owning few positions in concentration. This is not appropriate for most investors or traders. LOTM considers four types of people involved in the market – Investors, Traders Speculators and Gamblers. Be sure you know your profile and act accordingly. Accounts related to LOTM has a position in Galaxy Digital and we expect a pull-back in price over the next 60 days prior to the anticipated Bitcoin halving event in April 2024. Longer-term we are of the opinion the stock can challenge the high water mark above 2021’s price above $35.00. Catalysts forward include, the Bitcoin halving, Galaxy stock getting listed in the USA and increasing digital assets under management. 25% to 230% Continue reading →

The biggest gains are often when we see a shift from one industry to another or one asset group to another asset group. We have a bit of both in the process of happening.

• Nasdaq 100 – chart and Inverse chart.
• Over-heated sector – Semiconductors
• About to Break-Out Upwards – Gold and Gold Miners
• Basing and about to move to a Stage 2 chart – Hershey Foods (HSY)

The NASDAQ ETF, QQQ, is still in a strong upward trend but by historical measure it is as over-bought as it gets. Be careful and consider scalping some money from the position or the leading performance positions in the Continue reading →