Time to build a metals ladder–and to put short-term volatility and the long-term trend on your side
A metals ladder? What’s that? You’re probably familar with the concept of a bond ladder. A bond ladder is a portfolio of individual bonds with maturity dates spread out at regular intervals. Instead of investing all your fixed-income money in one bond that...
There is no free lunch, Treasury Secretary Bessent: Bond yields down, dollar down, gold prices up
On August 19, the U.S. Treasury announced that it would raise the maximum size of buybacks for longer-dated nominal coupon securities in the 10-to-20-year and 20-to-30-year sectors from $2 billion to at least $4 billion per operation. The program takes effect...
India roils the gold and silver markets–how long will that continue?
This week we’ll get to see if the restrictions India slapped on gold and silver imports in an effort defend the rupee seNd precious metals tumbling again in the week ahead. India tightened restrictions on gold imports again Thursday, imposing fresh limits on duty-free...
Pan American Silver meets the test in its earnings report
Pan American Silver (PAAS) reported earnings and revenue on Tuesday that met my goals for a silver miner in this market. My premise is that the silver stock to buy is one that combines expanding production with declining production costs. Which is exactly what Pan...
Wheaton Precious Metals hikes dividend by 30%
Before you get too excited by that headline, note that a 30% hike in the dividend at Wheaton Precious Metals (WPM) will bring the payout to just 13 cents for the first quarter of 2021. But that’s still, as my grandmother used to say, better than a poke in the...
Accepting what we don’t know (what no one knows) about prices in this market
I looked at my Jubak Picks Portfolio with more than a tinge of seller’s remorse this morning. I sold shares of First Majestic Silver (AG) out of that portfolio on Friday, January 29, after the stock rose 21.38% on Thursday. That gave me a gain of 45.52% since I...
Selling First Majestic Silver on Friday on Reddit rally
Shares of First Majestic Silver (AG) climbed 21.38% Thursday, January 28, as silver futures climbed on a post on Reddit suggesting profiting from a short squeeze on silver. “Any short squeeze in silver paper shorts would be EPIC,” a post on Reddit’s...
Gold is behaving like Biden stimulus is on its way
Gold futures on the COMEX for February delivery closed up 1.4% today, January 20, at $1866.50 an ounce. That’s the highest finished for the most active contract on the futures market since January 7. Silver for March delivery closed up 1.8% to $25.766 an ounce....
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...Market goes to pessimism on trivial Pompeo comments–tells ya something, though
It didn’t take much to end the optimism of the past few days and turn the market at least mildly pessimistic today. U.S. Secretary of State Mike Pompeo told CNBC this morning that Huawei Technologies isn’t the only Chinese company that poses security risks...
Adding silver to my market hedges: Buying First Majestic Silver for my Jubak Picks and Volatility Portfolios
Way back last Friday, July 19, in my Friday Trick or Trend post on my subscription JubakAM.com site, I argued for adding silver to a portfolio because 1) it is a good hedge for portfolios in the second half of 2019, and because 2) silver, after lagging gold for the...Update Silver Wheaton (SLW)
You really need a time line to figure out why Silver Wheaton (SLW) dropped by 7.9% yesterday, November 9. Start here overnight: Silver Wheaton announced third quarter earnings on November 8 after the New York markets had closed. The company beat Wall Street earnings...Buy Silver Wheaton (SLW)
Silver is cheap. Well, it is when compared to gold anyway. On Friday morning gold hit $1397.70 an ounce, an all time high. (If you don’t correct for inflation.) Silver, on the other hand, moved up to $26.90 an ounce. That’s just a 30-year high. See, cheaper. You...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!