TRADING TIPS

Gold is Waking Up

Hubert Senters here.

Let’s take a look at some craziness. So it is taking a while for Gold to wake up. This is Newmont Mining Corportation. They mine the stuff out of earth.

And sometimes they’ll beat Gold’s prices as far as the returns and sometimes they’re below it because human sometimes have hard time finding the mass silver.

Not silver but shiny object in the ground and extracting it because there’s labor cost, equipment cost and fuel cost. And they just paid the price on spot on cash market so.

It’s a business but there’s cost associate where if you just outright trade the Gold you’re just trading Gold futures.

So let’s take a look right now Newmont mining. Looks like it’s go to like $80 to $85. If you look at Gold at GC here this thing is headed to $1,888 to $1,939.

And I sold most of my physical gold back not most all of it back in here. And then I put a lot of it in cryptos then I’d been able to 6X that return while Gold has been following to sleep.

Now, the thing is waking up. It’s now time to start trading Gold again. So if you know how to trade Gold knock yourself out. If you don’t learn how to trade it.

Gold looks like it’s going to run a little bit higher also you can look at FCX. It’s Gold and Copper Free-port is.

This got a little double bang because it’s going to mine Copper and Gold so this one looks strongest with the target of about $55 so the inflation is going to start creeping up.

And when it happens lots of folks like to pay attention to the nice little shiny object which is Gold and Silver. Let’s take a look at Silver when we’re talking about Silver.

Silver looks ok. Not as good as Gold but it will probably go to $30,000. So inflation we will pack money over here. Now, lately they’ve been packing on cryptos.

Now, cryptos have rolled over the major cryptos the big five that you want to be in obviously. Now, the altcoins are going crazy like dot and some of those other things.

Those things have been moving out pretty decent. And then it will go into the second or third level of the alt rally so that’s the current situation you’re in.

So if you want to get a little bit of exposure to Silver and Gold or maybe a little Copper I would say Gold first.

Coppers already have a pretty good room. Gold has been depressed a little bit and there’s a lot of talk of inflation starting to creep up so you could trade either Gold, Gold futures, Gold mini futures.

You could do that too or you can just trade out trade the GLD as an ETF or you can do NEM, Newmont Mining or FCX. Any of those should work a little higher especially as inflation creeps a little higher.

Now, speaking of inflation Serge Berger is going to be doing a special webinar Wednesday, May 19th at 7PM on How to Take Advantage of the Market with Inflation at an All Time High.

So I’ll HYPERLINK to this webinar registration page.

Good luck. Hope it helps. See you on the next video.

Hubert.

1 Comment

  1. nickolaswinter@gmail.com

    gold mining companies – i don’t touch them with a bargepole………….these were your exact words in the ichomoku course………..

    Reply

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