In this episode of “Resource Heads”, I tried to figure out whether it’s time to buy or sell stocks. More specifically, uranium, silver, gold, and copper stocks, as those are the only ones I own. Not that this should matter to you.
According to Lobo Tiggre (and George Gammon), now might not be the best time to buy gold, silver, copper (and other industrial metals) stocks. Lobo still likes uranium stocks, though.
As George Gammon pointed out in one of his latest videos; in recent past, when the FED had pivoted the market crashed rather shortly and rather badly after the pivot. That’s because a pivot might be indicating that something has “broken” in the economy. That’s the moment bad news goes back to being bad news. We have a lot of that piled up and waiting to take a toll on the market.
I also pointed out three interesting news articles that you can read here:
- South Korea orders striking truckers in cement industry back to jobs
- Half of Britain’s free-range Christmas turkeys lost to bird flu crisis
- Copper’s biggest mystery is finally cracking
- The top 3 best-performing commodities this week were:
- Iron Ore 62% fe : +16%
- Nickel: +14%
- Coal: +10%
- The top 3 worst-performing commodities this week were:
- Natural gas: -18%
- Oat: -7.5%
- Lumber: -7%
What to watch next week?
Next week should be rather calm in the markets.
European Union GDP will be announced on Wednesday, and Christine Lagarde will be speaking on Thursday. China also releases their CPI on that day, and the US announces PPI on the next day (Friday).
Antonio Atanasov is not an investment advisor. Antonio Atanasov might own shares of companies mentioned in this publication. Companies mentioned in this video might be paying customers of Resource Talks. Always assume the speakers biased.
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Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
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