I’m buying gold on the dip
As I wrote in yesterday’s post, I don’t trust the optimism in stocks as a result of votes to reopen the government. This agreement does nothing to fix the weakness in the dollar as a result of the huge deficits engendered by the tax cuts for the wealthiest pushed...
This week’s China deal parade begins–look for a chance to add gold on weakness
Heading into Thursday’s high profile meeting between U.S. President Donald Trump and China’s President Xi Jinping the White House has announced that negotiators have reached a framework for a trade deal to avert additional U.S. 100% tariffs that President Donald Trump...
For the week ahead, expect gold to be the winner from the shutdown
The government shutdown will push gold past $4,000 an ounce. That would be a double in less than two years. Gold closed at $3908 an ounce on Friday. Gold was hot before the shutdown because it benefits from lower interest rates that reduce the opportunity cost of...
Gold is up today on Ukraine worries, but the trend points up for all of 2025
Gold will rally to a record next year on central-bank buying and U.S. interest rate cuts, according to Goldman Sachs. The investment bank listed the metal among top commodity trades for 2025. “Go for gold,” analysts said in a note, reiterating a target of $3,000 an...
Think about gold and gold miners as two different asset classes right now
I think you want to own gold–through something like the SPDR Gold Shares ETF (GLD)–right now to profit from decreasing interest rates at most of the world’s central banks, from global macro uncertainty, from the possibility of domestic violence in the...
The argument for adding more gold even now
Gold hit a new all-time high yesterday of $2554 an ounce on the Comex for December delivery. Gold’s 20% or so gain in 2024vto date (as of August 26) is a result of strong central-bank buying plus Asian purchases plus anticipation that the Federal Reserve was about to...
Gold hits record high–Don’t chase gold; buy gold stocks
Gold (for February 2024 delivery) was trading at $2087 an ounce on New York Comex today, December 1. That easily beats the old record high of $2051.50 an ounce back in August 2020. The shiny metal is up 12% from $1830 an ounce in early October. The SPDR Gold Shares...
Selling 2 gold positions out of my portfolios tomorrow
Gold was up 1.9% in trading on COMEX today to $1876 an ounce on war in Israel and Gaza and fears that it would become a wider conflict in the region. I’ve been looking for an exit from two of my gold positions for a while now. And tomorrow is a good exit point,...
Gold pushes toward all-time high
Gold for June delivery closed at 2039.00 an ounce on the Comex today. That’s not too far away from the all-time record high of $2,070 an ounce. The move above $2,000 an ounce and any breach of the record at $2070 could trigger a rally as traders short gold buy...
Watch my new YouTube video: “Avoiding Di-Worsification in 2021”
I’m starting up my videos–this time using YouTube as a platform. The tenth YouTube video “Avoiding Di-Worisification in 2021” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Market passes baton back to Fed’s Powell Put for today’s rally
On Monday the Standard & Poor’s 500 and the NASDAQ Composite hit new all-time highs on what I’m calling the Vaccine Put, the hope that we’ll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020...
Gold and silver take another step toward excess
We’ve been here before. With gold and silver we’re at that stage in a huge rally where Wall Street analysts rush to increase their target prices in order to keep ahead of the market and where the number of posts urging investors to get in now–And...
Gold hits a record: Now what?
Spot gold hit an all-time high today to close at $1991.40 an ounce. In July gold rose 11%, the most since 2012. And now even investors and traders who never own gold are looking at the metal and say, “Should I buy? Will it rally some more?” In my opinion...
Gold is climbing while VIX falls and stocks set new records? But why?
Gold is supposed to go up when investors and traders are looking for safe havens and hedges against market volatility. So it makes sense the gold and gold mining stocks are gaining as coronavirus stalks through the land. Gold closed up 0.99% today to $1570.50 an...
Gold in ETFs nears record; what’s next for the yellow metal?
Gold held by ETFs (exchange-traded funds) hit the highest level in seven years on Tuesday as investors and traders piled into the traditional hedge against uncertainty and stock market volatility. Worldwide gold holdings in ETFs rose to 2,561.2 tons as of Tuesday, the...
Step #1 (of 5) to get your portfolio ready for the Next Big One–Special Report update
Last night on my JubakAM.com subscription site I added Step #1 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I’m posting it separately here to make it accessible...
Even as deal is struck to end shutdown, gold soars
Gold hit a seven month high on Friday, gaining more than 1%. Spot gold briefly broke above $1300 an ounce. Gold futures climbed 1.5% to $1,298.30 an ounce. The SPDR Gold Shares ETF (GLD) climbed 1.46% to $122.86 on volume 10% above the daily average. The 52-week high...Goldman Sachs turns bullish on gold
Goldman Sachs has turned positive on gold for the first time in five years. “Our commodities team believes that the dislocation between the gold prices and U.S. rates is here to say,” Goldman Sachs says. Drivers for higher gold prices include signs of an...
My third pick for my new ETF portfolio: A gold ETF
For my third pick for my new Perfect 5 ETF Active Passive Portfolio I looked to fill the Commodities slot in the portfolio with an ETF that would provide a hedge for the portfolio if the market tumbled but that would also produce a positive return if the market...
Adding a gold ETF on today’s drop in the metal on hurricane, North Korea relief
I’m adding the SPDR Gold Shares ETF (GLD) to my Jubak Picks and Volatility portfolios today. Gold has sold off today with worries over a new missile test from North Korea in abeyance. And with traders relieved–and apparently surprised–to discover...Jim’s Daily Email Alerts:
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