Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and Jon Case commented about whether MAG.TO, TXG.TO, SMF.TO, VIT.V, YRI.TO, EQX.TO, USA.TO, BTO.TO, NMX.TO, K.TO, AGI.TO, DGC.TO, AGB.V, ROXG.TO, ALB.TO, WPM.TO, NVO.V, RNX.TO, TV.TO, TI.TO, NMC.TO, WIR.UN.TO, IPL.TO, LEMB, HEJ.TO, VBAL.TO are stocks to buy or sell.
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N/A
Market. The US and China are in the final stage of negotiating a deal that could be announced later this month. He thinks we will see this every Monday morning. There is no new news here. It is mostly priced into the market, if not entirely. We will probably see a sell into the news. The Fed may be trying to engineer a soft landing but if Trump had his way they would never raise rates again. The Fed has said they would be willing to watch inflation emerge for a while longer but Larry thinks this is not a good thing.
Larry Berman CFA, CMT, CTAUnknown
N/A
Markets. He is cautious for a pull back. He thinks the bear market will play out. This is not a good time to put new money to work. He is more constructive on the Euro in the short term.
Larry Berman CFA, CMT, CTAUnknown
N/A
Educational Segment. The Global Base Metals Sector. XME-T is the ETF that has been around the longest to play a global basket of mining stocks. There is Iron/Steel, Mining and Coal parts of this ETF. He is not sure this is where to invest but it is a place to trade for weeks or months. It is driven by global growth and what is going on in emerging markets. The sector is out of favour when emerging markets are flat. There are short term positives on emerging markets. He does not think coal is coming back.
Larry Berman CFA, CMT, CTAUnknown
N/A
Market. NMC-T is saying the ABX-T offer is just not good enough. It wants to stick with the plan with G-T to put together a joint venture for the Nevada assets which is really what ABX-T was after. There is key resistance at $1175 in gold. Over the last 6 months we were bottoming in August and have gathered steam ever since. Shorts scrambled to cover their positions. To go above neutral into bullish we have to get above $1375 and are due for a pullback.
Jon CaseUnknown
N/A
They are saying the ABX-T offer is just not good enough. It wants to stick with the plan with G-T to put together a joint venture for the Nevada assets which is really what ABX-T was after. There is key resistance at $1175 in gold. Over the last 6 months we were bottoming in August and have gathered steam ever since. Shorts scrambled to cover their positions. To go above neutral into bullish we have to get above $1375 and are due for a pullback.
Jon CaseUnknown
precious metals
HOLD
Zinc producer, less focused on exploration and more on operations. They continually missed on guidance so the management team departed. He sees a lot of value down here. There is a potential for them to get back to where they were. You have to look at Q2 and 3 this year.
Jon CaseOwned
Mining
WATCH
They used to be a nickel asset but the focus is now on gold assets in Australia. It is a low grade/high cost mine. They found the gold zone was small but now got into another zone with fantastic grades. The market has soared. They have now mined out the high grade zone. The risk reward is unfavorable at this price. He is watching the name.
Jon CaseNo
Mining
DON'T BUY
They are a developer, early stage, and looked to be on to a big discovery. Now it looks like a lower grade but economic mine. If you look at the valuation, it still looks like they are onto a high grade discovery. He would move on.
Jon CaseOwned
Golds
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