Note from Dudley Pierce Baker
http://CommonStockWarrants.com
(Our databases include all stock warrants trading in the U.S. and Canada
for all industries and sectors and fully sortable and searchable to satisfy
the needs of the most demanding investors. Yes, we include all of the
SPACS in our databases.
I am watching closely the commodities as one of the big clues as to the uoward direction of many of the positions in my personal account as well as many of the companies trading in the resource sector which have shares as well as stock warrants trading and included in our databases. I am particularly looking at copper and nickel.
A Commodity Super Cycle: Are Investors Prepared?
By Stewart Thomson (writing on 321Gold.com)
Feb 9, 2021
- My main metals premise for 2021 is that gold looks good, silver looks better, and platinum looks best.
- Goldman Sachs analyst Jeff Currie now refers to silver asĀ āgold on steroidsā.
- If thatās correct, and I think it is, can platinum be viewed asĀ āgold on growth hormoneā?Ā I think so.
- PleaseĀ click here now. Double-click to enlarge this monthly gold versus platinum chart.
- My suggestion is to own some physical metal. Funds like PPLT-NYSE are another decent way for investors to get involved.
- PleaseĀ click here now. Double-click to enlarge this daily gold chart. Iāve strongly advocated buying gold and related items around $1788, and then booking partial profits near $1966. Thatās been a great play.
- Itās positive to see gold now rise above resistance at $1830.Ā The next positive event would be a push through the resistance at $1875.
- PleaseĀ click here now. Double-click to enlarge this silver chart. Interestingly, the most recent arrival of gold at the $1788 buy zone happened with silver trading much higher than the first time.
- Thatās a nice sign of strength in the market.
- PleaseĀ click here now. For almost 30 years, Iāve followed the superb work of economist Steve Hanke.
- Investors should take note of his prediction of a super cycle in the ācommodsā,Ā and of his statement that 95% of what appears in mainstream media is false or irrelevant.
- Iāve suggested that America (and the entire western world) is likely at a point in the commodity and inflation cycle much like the period of 1966-1970.
- Steve watches the M4 money supply, which is a broader calculation than M1 or M2. It includes T-bills and commercial paper.
- The bottom line is that there is an M4 bull in a global markets candy store, and the charge is beginning.
- Rather than pinning childish hopes on politicians who are all obsessed with increasing debt and printing more fiatā¦Ā investors need to allocate to commodities.
- A tidal wave of inflation is likely coming, and it can build substantial wealth for the people who are correctly positioned.
- What about bitcoin? Well, pleaseĀ click here now. Double-click to enlarge. Iāve been a vociferous bitcoin proponent for years, but most of the āfree moneyā is likely been had.
- Now, I want investors to focus on the āDeFiāĀ (decentralized finance) companies and crypto coins.
- These maverick companies are creating automatic market making for investors. Some of them are functioning like tiny banks; customers can do āflashā (ultra short-term) deposits or loans.
- The bottom line: small is better, and I highlight both the older āblue chip crypto coinsā and the important DeFi action in my blockchainĀ newsletter.
- For the US stock market, growth stocks may soon run into trouble while the brick/mortar companies begin to shine. Even with the Corona vaccines that are questionable at best, institutional money managers will pour money into the market with a herd approach. My focus is short-term trading of TQQQ in my swing tradeĀ newsletter. I also trade the leveraged NUGT and JNUG ETFs there.
- The miners? It appears that the gold stocks reaction is nearly complete. Mining stock enthusiasts should note that the component stocks in the GOAU ETF tend to do better than the GDX stocksĀ when an uptrend is in play.
- PleaseĀ click here now. Double-click to enlarge this daily GOAU chart. Thereās an inverse H&S bottom pattern in play.
- A move above $20 could jumpstart the next major rally. It would create a breakout above the H&S neckline and would see GOAU and many component stocks surge out of their down channels. A two-day close above $20 is what Iām looking forā¦ and it could happen this week!
Thanks!
Cheers
st
Feb 9, 2021
Stewart Thomson
Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@gracelandupdates.com
Tuesday 9th Feb 2021 Special Offer for 321Gold readers: Send an email to freereports@gracelandupdates.com and I’ll send you my free āJunior Triple Playā report. I highlight three gold juniors, three silver juniors, and three platinum juniors that look set for massive gains this year, with hardcore buy and sell tactics for each stock! |
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