goldstocks
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AI! Computers making intelligent decisions! New paradigm! Old laws don’t apply anymore! Long live the bull market! …Really? Yes, AI is transformative. It already starts to enhance multiple businesses, just like the Internet did many years ago. And as many thought cryptocurrencies would. But it doesn’t mean that the huge transformation will happen overnight! Or that it fixes everything with regard to the world’s problems in general or with the economic situation. However, as always, markets – that are ultimately made of people (and bots that were programmed by people, anyway) – are emotional in...
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History tends to repeat itself, and mining stocks appear to be repeating their 2008 performance, which has very interesting implications. Why do I think that gold miners are repeating their 2008 price patterns? Please take a look at the below chart. Q3 2022 hedge fund letters, conferences and more The only times when gold stocks declined similarly sharply as they did this year were in 2013 and in 2008. Decline In Gold StocksAll right, let’s zoom in and see how mining stocks declined in 2008. Back then, the GDXJ ETF was not yet trading, so I’m using the GDX ETF as a short-term proxy here. The d...
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1 in 5 New Jerseyans are spending their savings now to lock in lower prices, before inflation rises, finds study. While Covid dominated headlines for over two years, inflation has now superseded it as the main talking point among concerned Americans. For many, the mere mention of ‘inflation’ can cause a panic, as rising prices and stagnant incomes mean they can’t keep up with the cost of living. Q2 2022 hedge fund letters, conferences and more New Jerseyans Are Spending Now To Lock In Lower PricesAnd it appears it is a strategy being adopted by many New Jerseyans - that is, according to a surv...
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Livermore Partners commentary for the month ended October 2021, discussing their shorts positions in ARK Innovation ETF (NYMARKET:ARKK), Meta Platforms Inc (NASDAQ:FB) and Tesla Inc (NASDAQ:TSLA), and their new position in Victoria Gold Corp (TSE:VGCX). Q3 2021 hedge fund letters, conferences and more To Partners and friends: Livermore's PerformanceOctober turned out to be a solid month with Livermore's YTD return now up to 21.76%. Brent crude gained further though our energy holdings (Jadestone Energy PLC, Vista Oil and Gas, and Energean PLC) did not. Still, we had positive performance as gol...
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Ladies and gentlemen, we have a breakdown! Gold stocks underperformed the yellow metal so much that they reached the lowest levels seen this year… Q2 2021 hedge fund letters, conferences and more Gold Stocks Broke To New 2021 LowsThe HUI Index (gold stocks) broke to new 2021 lows while the USD Index broke to new 2021 highs. Just as I’ve been warning you. Mining stocks’ extreme weakness relative to gold continued yesterday, and while it may seem like the weakness has to have a limit, this limit is likely still quite far from the markets right now. Let’s take a look at the long-term HUI Index ch...
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Gold sank profoundly on Jun. 17, taking its crew along. While it has the strength to go up for one more breath, other PM assets may not be that tough. Q1 2021 hedge fund letters, conferences and more The Gold MinersWhile investors believed that superficial strength indicated clear skies ahead, I warned on Jun. 14 that storm clouds were likely to rain on gold, silver and mining stocks’ parade. I wrote: Not only has gold’s RSI fallen precipitously, but the yellow metal’s stochastic oscillator is also at levels that preceded significant historical drawdowns. As a result, while a $100+ decline is ...
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Gold is a hot commodity right now. Q3 2020 hedge fund letters, conferences and more The economy is in shambles. Copper is in high demand. That’s thanks to the expansion of electric-vehicles every year. Not to mention, construction, HVAC, and electronic industries too. Everyone’s getting in on it. Even you. But how should you invest, and is it the right investment? Well, let’s see. Particularly during a market downturn, such as this, gold becomes an enticing investment. It’s an opportunity to protect and profit—to broaden your portfolio. And with the right understanding about the stock you’re i...
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As 2020 is wrapping up, investors are trying to narrow down the target for gold’s bottom in the coming weeks. And as the yellow metal is experiencing what appears to be its worst month in the past four years, the Gold Miners Bullish Percent Index ($BPGDM) once again provides us with some key insights into reading the bearish signals for the precious metals.Q3 2020 hedge fund letters, conferences and moreBPGDM Shows Overbought ReadingLast week, the BPGDM showed the highest possible overbought reading.**The excessive bullishness was present at the 2016 top as well and it didn’t cause the situati...
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When making decisions regarding the gold mining stocks sector, some will choose to follow price actions while others will use indicator tools. The Gold Miners Bullish Percent Index (BPGDM) is one such tool, essentially being a gauge of overbought and oversold conditions for the gold mining sector with readings plotted on a range between 0 and 100. Anything below 30 suggests oversold conditions while readings above 70 indicate an overbought situation, with a buy or sell signal being triggered when the index reaches an extreme level and then reverses. Because gold stocks move in tune with gold o...
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