Category: Commodities
Oil Is Breaking Out, How About Oil Company Stocks?
In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]
Opportunity: Gold On The Move
Paper assets are struggling this year. Both the S&P 500 and 10-year Treasurys are down around 3%. Meanwhile, gold prices are on the move. Shares of the SPDR Gold Trust (NYSE: GLD) are up nearly 4% in 2018. And I’m forecasting another 7%-plus gain over the next two months. The once-loved precious metal was left for dead for the […]
Should Retirement Investors Add A Little Gold Just In Case?
The US Debt Clock tells us our national debt is around $21 trillion. Social Security promises are approaching $17 trillion – included in the “unfunded” government promises – over $112 trillion. Despite government mandated Cost of Living Increases, our recent article, “An Inconvenient Truth About Social Security” clearly indicates Social Security recipients have no inflation protection. Each month, seniors and savers […]
Gold Prices: Rebounding On Trade War Fears
Gold prices popped overnight as fears of a trade war grew. President Trump, in a moment that will likely come back to haunt him, tweeted “Trade wars are good, and easy to win.” In response, traders sold US dollars and bought some gold. You can clearly see the moment on the 5-day chart of GLD (bars) compared […]
9 Best Energy Stocks To Own Before Earnings
Earnings season is in full swing, and at the sector level, 100% of the S&P 500 companies in the Energy and Utilities sectors are reporting earnings above estimates. So far this earnings season, energy stocks are the real winners. The Energy sector is also reporting the largest upside aggregate difference between actual earnings and estimated earnings (+13.1%). […]
Time To Buy Gold For 2018 As The Run-Down Starts?
The price of gold could rally to $4,200 as the Federal Reserve tries, and fails to normalize monetary policy over the next few years according to analysts at CLSA. CLSA has long been a gold bull, advocating the yellow metal for its model portfolio since 2002. So far, this trade has yielded mixed results. After the price […]
Gold $5,000
No. I’m not flip-flopping! As I told subscribers to our Boom & Bust monthly newsletter in November, I stand by my forecast that gold must still lose about 65% of its current value before we hit the bottom of this latest commodity cycle, around 2020 or 2023. And when the markets unravel, as they must, gold will […]
Is The Bitcoin Value Greater Than Gold?
As the Bitcoin value peaks, the value of gold declines. This is due to the perception of the Bitcoin, and the way its value has inflated in recent years. Google search trends have revealed the Bitcoin is more searched for than Gold, for the first time in its history. Bloomberg reports on Bitcoin Value The search term […]
Here’s Why You Need To Buy These 3 Metals Stocks Today
There is a battle going on in North Asia. And no, it’s not the war of words between President Trump and North Korea’s Kim Jong-un. Instead, it’s the “war” being fought by China to finally tackle its chronic air, water, and land pollution. There has been a wave of environmental inspections that has led to […]
3 Commodities Benefiting From New Technology
Investors love technology and technology stocks. For proof, one needs look no further than the famous FANG or FAAMG stocks. These include the likes of Apple (Nasdaq: AAPL), Amazon.com (Nasdaq: AMZN) and Google parent, Alphabet (Nasdaq: GOOG). Other stocks like Tesla Motors (Nasdaq: TSLA) and Nvidia (Nasdaq: NVDA) are also in many portfolios. But here’s a secret about technology many investors are unaware of. But […]
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