Hubert Senters here.
I am Dyslexic. And I know I’m going to butcher your name. This is the tool that I use when you all have names that I can’t pronounce. I go over to Google and I go pronounce this name and I listen to it. I may still butcher your name so heads up because I’m Dyslexic. And that’s the disclaimer I’m going to go with folks.
Could you analyze the charts of TLT & MRVL and tell me what is in store and where are they headed next?
Also, I am hearing of an impending correction to come in Gold and Silver. If that happens, what downside targets are good to pick up some physical metals?
Thanks.
Girish.
Let’s take a look. So TLT is pretty much dead money at this point. It’s kind of like bonds. It’s an ETF that follows bonds and CI shares 20 plus year treasure your bonds.
Right now, I wouldn’t do anything with it. The ADX is at $20 but it’s not really doing anything so for TLT for me it’s just a hurry up and wait. I don’t think they’re going higher. I don’t think they’re going lower. I think they’re trying to figure it out.
So for TLT I would just pass and go. Let’s wait and see. So for MRVL is in the cloud. Once again once it’s in the cloud I’ll leave it alone and wait until it comes back out of the cloud to the high side and go long or back below the cloud and go short. So on that one it’s also a wait situation.
The ADX is a little low on that $15.93. It’s not terrible. But I would wait. Now, as far as Gold you’ve already had a nice little pullback on Gold. And there was some bounce today. You could pick up. I would say that the new low for Gold is probably going to be the $1,900 area.
If you want to buy physical gold like that you can hold I would buy Gold when it’s down. When it’s on a down day so back here it was down $100. Right here it was down about $10. There it was down $30 or $40 points.
It’s a good strategy because the price of spot is going to flactuate because Gold right now is a little violent with the covid situation. People jump out of stocks oddly enough and they go into Gold.
Now, they’re still in stocks and they’re also hedging in Gold which is kind of weird mob. Buffett just sold some banking stocks and loaded up on a Gold mining stock so that’s having an effect too.
I would say anytime Gold is around $1,900-ish and on a down day. Makes sense to buy physical Gold. Silver. I don’t really trade as much Silver or own as much Silver. But for that number for me it would be like $2450.
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At this point in time Sean was a guest there. I did not know him and one of my buddies Vinny which owns an accounting firm like ”hey dude, you’re going to tell your normal joke you’ve got?” And I’m like ”man, I don’t know if I can do this.”
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That sends a humor and it’s a little personal joke like me doing I’m in media porn industry. You know, I’ve dominate that industry. He goes you got to do it. And I’m like I know I got to but I don’t want to so if I go up and as I’m doing I’m the first one on the hot seat so I introduce myself and stuff like that.
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And Sean Stephenson is laughing his ass off and chuckling. The hardest laugh ever had. I was like oh, my God as long as you see things that are funny, that’s all I care about.
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Good luck. Hope it helps. See you on the next video.
Hubert.
