Today, Larry Berman CFA, CMT, CTA and Jon Case commented about whether ASR-T, AGI-T, DGC-T, AGB-X, AEM-T, YRI-T, DML-T, VIT-X, LYD-T, TRQ-T, TXG-T, EDV-T, FR-T, AR-T, MOZ-T, TECK.B-T, OR-T, VBAL-T, TECK.B-T, CNR-T, REML-N, ZWE-T, CF-T, HPR-T, ZPR-T are stocks to buy or sell.
Educational Segment. Volatility and uncertainty in political events around the world. The commentary on the Italian elections was all about uncertainty. The key test is whether the market can make a new high in the next few months. We still have the risk of more volatility and of retesting the recent lows. There is not a strong reason to price in a recession right now.
Market. There are two types of gold owners. (a) a hedge and (b) investors looking at risk/return tradeoffs. US debt is still increasing and gold is a hedge against the failure of the currency. In 20% draw downs in the markets, gold goes up. Equity markets continue to rise and this distracts people from gold.
Market. Is this just an aggressive tactic that Trump is taking or is it the beginning of what people feared when it look like Trump would be president. Maybe it is a negotiating tactic. Trade anxiety is going to filter into the market and he does not think it is priced in yet. It would be hard for the markets to make new highs right now.