Ponder This Over a Drink or Ten This Weekend

30Nov12:08 pmEST

Don't You Hurt My Precious!

Recall that we are talking about more than three years of sideways-to-down price action in the entire precious mining complex, be it gold, silver, and their derivative miners. Hence, when we see the sort of strength in the group that we have of late it is only natural to expect yet another trip to heartbreak city. Of course, those who trade...

29Nov9:54 amEST

Holiday Season Buyback Panacea for General Motors

A panacea for GM...or so it seems. Shares of downtrodden General Motors are rocket-shipping more than 10% off the open, as the firm announced a $10 billion buyback, boosted its dividend, and reinstated 2023 guidance after the UAW strikes. While it sure seems like this is the silver bullet for a lowly stock, I beg to differ. On the zoomed-out...

28Nov2:12 pmEST

List of Top Ten Holdings in GDX ETF

This seems highly relevant given the strong action of late and especially today in the senior gold miner ETF, GDX. Courtesy of Marketwatch.com. GOLD US Barrick Gold Corp 8.73 BBG000BB07P9 66,503,128 Stock 1,101,956,831 -- AEM US Agnico Eagle Mines Ltd 7.54 BBG000DLVDK3 18,728,747 Stock 951,233,060 -- FNV US Franco-Nevada Corp 6.72...

27Nov10:06 amEST

You Can't Take a Picture of This

"You can't take a picture of this, it's already gone." - Nate Fisher, Six Feet Under The gold and silver metals are on the move higher this morning, as most folks are off enjoying Cyber Monday shopping online and/or still in a food coma or hangover from Thanksgiving weekend. But while holiday trading kicks into gear, we do have a serious...

26Nov10:14 amEST

Weekend Overview and Analysis 11/26/23 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

22Nov12:17 pmEST

Almost Time to Take Youse Guys on Again

Say what you will about equities this year. But the fact of the matter is that I have been very much in tune with the bond market, trimming an overweight TBT long (indeed, which had been my largest position by size, which is basically a bet on higher rates that I had been swinging for virtually all of 2023) last month. At issue now is whether...

21Nov1:17 pmEST

Got Brine on My Mind

A split amongst retail earnings plays reporting, albeit tilted slightly to the downside, has the XRT retail sector ETF only down marginally today as we head towards Black Friday. On a personal level, instead of getting hyped up to stand in line at 4am, I prefer to focus on the brining of turkeys and ducks beginning tonight in order to make the...

20Nov11:49 amEST

This Market Has Narcissistic Personality Disorder

As I grow older I am convinced that about eighty percent of life is not only having the ability to quickly recognize a true narcissist in business and romance, but to also then have the ability to quickly cut ties and distance yourself from that person--Failure to do so has caused much pain and unnecessary suffering to some very good people,...

19Nov12:09 pmEST

Weekend Overview and Analysis 11/19/23 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. Please click here for more...

17Nov2:58 pmEST

Ponder This Over a Drink or Ten This Weekend

While fund managers chase the likes of Microsoft (with a forward PE of almost 29 and a $2.77 trillion market cap) on a daily basis into year-end, you will note the uranium mining sector ETF (URA, below on the monthly chart) has been in a bear market for over a decade now. Uranium stocks have been clearly out of favor, with most fund managers...