After the comments by Powell yesterday, which Chris and I discussed at length (click here if you missed that discussion) there are some longer term considerations that need to be understood for investors. We also touch on the monthly close gold will put in. All of this ties into why Chris thinks gold is a great investment moving forward.
Chris Temple and I weigh in on the recent Fed statement and press conference. Chris points out that this was a big change from the Fed. They are now much more worried about domestic and global growth than they have told us before.
I will be watching as well. Share your comments below.
Chris Temple and I will be chatting at the market close breaking down what we thought and addressing some of the comments made below.
Doc has taught me a lot about reading charts and the technicals when looking at and chart. Today he shares some of his high level theories on how to simplify what the charts can tell us. We also get an update on the overall trend for the gold sector.
Raghee Horner, Options and Currency Expert at Simpler Trading joined me today for an in depth look at the current earnings season. More importantly a look head to what will slow down earnings as we progress through the year. Importantly for the the gold bulls she outlines why she likes gold for a longer term trade however is taking a more buy the dip mentality.
David Erfle joins me to look at the gold price now that it has been able to break the $1,300 level. We compare the moves in the juniors and the lack of volume. Also with the Fed speaking tomorrow it will be a key monthly close after what is sure to be a volatile day.
Sean Brodrick, editor of the Wealth Super-Cycle newsletter over at Weiss Group shares some of the sectors he is adding or watching closely for his newsletter. While still reading off a bearish playbook for US equities there are opportunities in some sectors we look at daily.
Over the last couple weeks I have received a number of emails and saw the comments asking for more updates on the oil/energy sector. That got me to reach out to Joseph Schachter, Founder of The Schachter Energy Report. We discuss when in 2019 he thinks that the oil sector will start running higher and even shares some stocks that he thinks will be the best picks.
John Rubino has some thoughts on how gold could benefit from all the worrisome market signs and politics around the world. He also comments on the government shut-down that is now over, at least temporarily.