|Day Low/High||22.02 / 22.40|
|52 Wk Low/High||12.65 / 31.22|
Walmart and Barrick Gold are presenting a couple countertrend trade setups that are worth stalking.
Upon hearing of Buffett's latest moves, I pulled up the charts. What I found was a little surprising.
The funny thing about flat lines is that the move at the end is usually explosive, but could go either way.
* Verizon and Chevron purchased, banks and gold sold * None of these portfolio moves surprised me - but some might surprise the markets Warren Buffett pulled down his cash position a bit and got more busy in the latest reporting period. Notably: ...
B2Gold could double if 2021 is the year gold explodes higher.
While the market appears to be enjoying the election results (so far), here's my take on electric vehicles, health care, metals and restaurants.
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.