Posts Tagged ‘gold miners index’

Gold Exposure… Gold or Gold Miners?

Gold Exposure… Gold or Gold Miners?

Courtesy of Jake at Econompic Data

Gold has been on a tear (though nobody seems to know why… hatred of all currencies has been one answer), up $70 the past two months alone.


Which has brought the opportunity in gold miners to the front section of the paper. WSJ reports:

Gold companies’ shares soared Wednesday amid a sharp rally in gold prices, and one analyst said the strong performance of larger companies was a reversal from earlier in the year.

Gold prices reached their highest point in nearly three months as the U.S. dollar weakened and participants bought in a flight-to-quality bid based on economic uncertainty and concerns about the stock market. Most-active December gold gained $22, or more than 2.3%, on Wednesday.

Burchell said his firm is positive on the gold sector and believes the metal has come out of its summer hibernation period. Summer months are traditionally weaker for gold prices. He added gold behaved better than expected this year, but was range-bound throughout the summer. Burchell said Wednesday’s increased share prices were in part a reaction to Tuesday’s weakness, adding that investors see the "specter of inflation" down the line, leading them to speculate in gold as a hedge against that inflation.

Jefferies & Co.’s Mike Dudas said gold and gold stocks can find some money in the recent weakness in financial stocks as investors look to gold for more stability. Gold prices had been quiet recently and were looking to break one way or the other and certainly did so on Wednesday, he added.

So gold or gold miners? Since 2006, the metal has significantly outperformed the goldmining index (GDX) by 30% and at times by more than 170% over a 12-month period (mining stocks were CRUSHED post Lehman Brothers collapse, while the metal held up).

gold vs gold miners index

So do I find value in gold? In the fundamental value of the metal… No. BUT, in the story… YES. As long time readers know, I am Ready to Ride the Golden Bubble.

I am currently playing this through the options market with vertical call spreads (buying in the money calls, offsetting some of the cost by selling out of the money calls) on the metal itself (ETF GLD). BUT, with all

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U.S. Commerce Secretary Wilbur Ross Speaks With CNBC's "Power Lunch" Today

By VW Staff. Originally published at ValueWalk.

WHEN: Today, Thursday, March 22, 2018

WHERE: CNBC’s “Power Lunch”

Following is the unofficial transcript of a FIRST ON CNBC interview with U.S. Commerce Secretary Wilbur Ross on CNBC’s “Power Lunch” (M-F 1PM – 3PM) today, Thursday, March 22nd. Following are links to video from the interview on

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Phil's Favorites

Psychographics: the behavioural analysis that helped Cambridge Analytica know voters' minds


Psychographics: the behavioural analysis that helped Cambridge Analytica know voters' minds

Making connections through tracking behaviour. GarryKillian/Shutterstock

Courtesy of Michael Wade, IMD Business School

The dealings that have been revealed between Cambridge Analytica and Facebook have all the trappings of a Hollywood thriller: a Bond villain-style CEO, a reclusive billionaire, a naïve and conflicted whistle-blower, a hipster data scientist turned politico, an academic with seemingly questionable ethics, and of course a triumphant president and his influential family.

Much of the discussion has been on how Cambridge Analytica was able to obtain data on m...

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Zero Hedge

Funding Stress Contagion Spreads - European Banks Collapse To 11-Month Lows

Courtesy of ZeroHedge. View original post here.

Yesterday we exposed the globally contagious spread of funding market distress into the credit risk of major US banks, and today it has accelerated, spreading to Europe's banks as their stocks crashed to the lowest in 11 months...

Deutsche Bank is leading European banking's collapse...


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Insider Scoop

5 Biggest Price Target Changes For Thursday

Courtesy of Benzinga.

  • KeyBanc raised the price target for Shopify Inc. (NYSE: SHOP) from $150 to $170. Shopify shares closed at $149.40 on Wednesday.
  • Stifel Nicolaus lowered the price target for Facebook, Inc. (NASDAQ: FB) from $195 to $168. Facebook shares closed at $169.39 on Wednesday.
  • Cowen raised Ralph Lauren Corporation (NYSE: RL) price target from $110 to $122. Ralph Lauren shares closed at $109.47 on Wednesday.
  • Stifel Nicolaus boosted Blackbaud, Inc. (NASDAQ: ... more from Insider

Digital Currencies

Why accountants of the future will need to speak blockchain and cryptocurrency if they want your money


Why accountants of the future will need to speak blockchain and cryptocurrency if they want your money


Courtesy of Anwar Halari, The Open University

If you haven’t already heard of Bitcoin, you either haven’t been paying attention or you’re a time traveller who just touched down in 2018. Because by now, most of us will have heard of Bitcoin and some of us have even jumped on the bandwagon, investing in cryptocurrencies.

But despite its popularity, many people still don’t understand the technology that underlines it: blockchain. In...

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Chart School

Stall in Decline

Courtesy of Declan.

The good news for bulls was the lack of follow through on the selling. An argument could be made for bullish harami doji in some key indices with stops on a loss of yesterday's lows.

The Semiconductor Index held on to breakout support in what looked to be a successful defense by traders in what could still be a pullback buying opportunity. There was a MACD trigger 'sell' which was a follow-through from Friday - leaving only stochastics in the green. However, relative performance remains in bulls favor. Long opportunities...

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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)


"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...

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How your brain is wired to just say 'yes' to opioids

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.


How your brain is wired to just say ‘yes’ to opioids

A Philadelphia man, who struggles with opioid addiction, in 2017. AP Photo/Matt Rourke

Courtesy of Paul R. Sanberg, University of South Florida and Samantha Portis, University of South Florida


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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...

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Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.


This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...

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NewsWare: Watch Today's Webinar!


We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.


EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.

To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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