|Day Low/High||26.61 / 26.94|
|52 Wk Low/High||12.65 / 31.22|
There is a long and fast-growing list of many of the world's wealthiest investors who are eagerly buying gold and gold stocks right now.
With the $6 billion Japanese deal, Buffett, now 90, hasn't stayed away from venturing outside of America.
Economic conditions change, investment opportunities evolve, and risk versus reward fluctuates.
If you are focusing on the indices, you are missing some good trading opportunities.
* Buffett clearly remains cautious about the overall markets * Neither the purchase of a gold stock or some reductions in Berkshire's bank holdings seem meaningful * Here is why... This weekend Berkshire Hathaway announced the changes in its portfo...
Let's check out the charts of Barrick Gold, after news of Warren Buffett's investment in the company.
Markets are possibly fine until either growth or inflation force the Fed to change guidance on interest rates.
Good stock picking continues as market participants shrug off a host of negatives.
I don't sell these shares anywhere if the commodity stays hot in dollar terms.
Interpreting the flow of capital in theory, or at least historically, for equities is quite simple. It's about growth, or the lack thereof.
It's a mistake to declare the action as either bullish or bearish.
Traders and investors could go long GOLD and/or add to existing longs at current levels.
There are stocks for people who believe we're roaring back, those who are hiding out from the virus, and those fearing gloom and doom. But here are the ones I'd give a workout.
Right now there's still too many pockets of good momentum to worry much about overall market conditions.
These gold-related names are a great hedge against tail risk amid Covid-19.
There's a lot moving in this market -- It's all about sector rotation and stock-picking.
My overall market thesis is that a trading range will develop but the indices are still hunting to find support.
Here are some groups and names I've got my eye on.
Investors should consider exposure to gold through some of the biggest and best-performing gold mining stocks. Here's a starting point.
Gold has always been, and still is the world's favorite safe haven.
If you are holding substantial longs, the prudent move is to reduce risk into the strength and look for another entry point down the road.
You do not want to wait until it is clear the market has turned before buying.
But don't throw up your arms yet -- here are names that could be golden opportunities.
This is the time to high grade your portfolio, take some losses and move to better stocks.
Is this the end of the world? No. You still need to plan for your financial well-being, even as the CDC tells us 'this might be bad.'
We play the game in front of us. We try to excel in the environment provided.
Here are my takes on stocks in biotech and other companies I own right now.
As long as these charts hold up, I will continue to hold them regardless of what the indices might do.