Thoughts on Gold

We started out as gold bulls because we followed gold analysts from the 1970’s to today.  Below are some current thoughts that might be useful.

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Hang Seng Speed Resistance Lines

Below are the Speed Resistance Lines for the Hang Seng Index.

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Gold and Inflation

As the price of gold increases and more talk of inflation permeates into our lives we thought it would be a good time to review a data set going back to 1790 for some insight on where we might be in the cycle of gold and inflation.

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Occidental Petroleum Price Momentum Indicator

On August 24, 2022, we said the following of Occidental Petroleum (OXY):

“Buying oil stocks at this point, especially Occidental Petroleum, is a setup for failure considering all the better alternatives that aren’t at such extremes in the Price Momentum Indicator.”

A look at the price and the Price Momentum Indicator suggests the value of avoiding new positions in OXY at the time.

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Coppock Stock: February 2024

The market continued to zoom higher in 2024 and pushed the upper limits for many stocks and indexes, the S&P 500 included. Our review of the Coppock Curve is a good reminder to us that markets move in cycles and there are times when this list can dwindle to only a few.

Before we jump to this month's list, let's review how this indicator did based on the January 2023 list. The average return was 25% for the group with a success rate of 81%. If we exclude Meta's astonishing returns, the average gain is still an impressive 19%.

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At the end of February 2024, there are 2 companies with ‘Buy’ signal. Continue reading

Deere & Co. Price Momentum Indicator

Below is the the Price Momentum for Deere & Co.

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American Water Works Price Momentum

Below is the Price Momentum Indicator for American Water Works.

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Bitcoin Downside Targets

Below are the downside targets for Bitcoin.

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Nasdaq 100 Watch List: March 5, 2024

Below are the stocks that we’ll be tracking from the Nasdaq 100 in the next year (2025).

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U.S. Dividend Watch List: March 1, 2024

The major indexes reached another all-time high this week and showing strong sign of bull market. Alternative asset such as gold and crypto are also doing well. This lead us to ask what isn’t doing well and could be trading at or near their low. There are still numbers of companies that are struggling, particularly water utility companies which you can see on the watch list below. Continue reading

Reader Q &A on Intel

Q: “Can I see an updated version of the undervalued and overvalued ranges since 2008 please?”

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Nippon Sanso Price Momentum

Below is the view of Nippon Sanso (4091.T) Price Momentum from 2002 to the present.

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Wheat Price Momentum Indicator

Below is the Price Momentum Indicator for Wheat.

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Google Price Momentum Indicator

Below is the Price Momentum Indicator for Google (GOOGL).

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Biogen Price Momentum Indicator

Below is the Price Momentum Indicator for Biogen Inc. (BIIB).

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