Midas Letter

07/16/2020

Are Bank Earnings a Warning Sign of the Next “Big Short”?

Earnings season began this week with the largest banks reporting first. While revenue and earnings per share for the majority beat market expectations and consensus (as seen from graphic below), digging a little deeper we can see these results reflect strong growth in investment-banking fees and trading revenues. However, the […]
07/13/2020

What to Look for as US Earnings Season Kicks Off

This week is all about earnings. The outcome of this trading week will set the tone in the stock market for the rest of the summer. If traders aren’t diligent, reality could set in again and bring some traders back down to earth. 35 S&P 500 Index (INDEXSP:.INX) companies are […]
07/10/2020

Hot Trading Strategies as Stock Market Chills

The NASDAQ-100 (INDEXNASDAQ:NDX) continues to climb but if you look closer under the hood – momentum levels are all declining. Meaning: Fewer and fewer stocks are causing the market to increase. This fact misleads the market and can only continue for so long until ultimately the broad market will take back […]
07/08/2020

Why The Market Increases When the Economy Declines

Despite dismal earnings reports and anticipated GDP contraction of anywhere from 5 to 30 per cent (depending on who you believe), the stock market is on track to regain all that it has lost since March’s Coronavirus swoon, and continue back on its record run higher. How is this possible? […]
07/08/2020

Hot Momentum Stocks to Trade Today

It’s hard to trade stocks when they are at (or are very close to) their all time highs. Sometimes it’s hard to see stocks continuing to rise into unseen levels. But, if you had that mindset 3 weeks ago, you would’ve missed out on some serious gains. Conversely, it may […]
07/06/2020

How to Play China Stock Market Surge

COVID-19 cases have been continuing to increase and the economic forecasts outlook has been revised lower by the banks again… Yet, even with these negative catalysts in worldwide markets, China risks inflating another stock market bubble. Investors in Chinese stocks are jumping in aggressively to say the least. The CSI 300 […]
07/02/2020

Ride the Gold Rush With These 2 Stocks

If you read my article yesterday explaining how Gold’s value is achieved, how the precious metal is correlated to the U.S. dollar and why the commodity is about to explode higher, you may have come to the same conclusions as Roger Scott in today’s video. The spot gold price is […]
07/01/2020

Understanding Gold and Why its Going to Explode Higher

I am no longer surprised by how misunderstood gold is in the historical monetary context. Detractors like to point out its uselessness as a fungible unit of trade (you can’t buy a loaf of bread with a bar of gold) while wizened investors maintain a 10-15% allocation to gold in […]
06/29/2020

How to Trade 4th of July Short Week

It’s a holiday-shortened in North America this week. It’s Canada’s birthday Wednesday and, of course, U.S. markets are closed on Friday as it’s the 4th of July. So expect markets to behave a little oddly this week and be somewhat front-loaded. In broad market news, there are a few catalysts which […]
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