October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008. Are we due for another one? Perhaps. Some analysts think it will come after the election. Others think the stock market will stay elevated until the Federal Reserve raises rates. The Fed will be out of the picture this month – at least as far as policy decisions are concerned. The Fed won’t convene another policy meeting until November 1-2. Most Fed watchers expect the central bank to avoid making any rate moves so close to the […]
It is way too early to sound the “all clear” signal, and the real Brexit fallout may still be ahead. Here are some developments that investors should weigh carefully…
Our most interesting observation of this week is that gold has traded flat for a couple of days but that gold and silver miners were rising significantly on those days. We know that miners have a track record of leading the metals both higher and lower. That being said, this week’s price action in the gold mining space could be of exceptional significance. The three key gold and silver mining indices are all flashing the same bullish signals. The chart below features several indicators which are mainly sending bullish signals.
It’s an easy gain for investors, but the sector has been left for dead and is hated, a classic sign of a major bottom. FutureMoneyTrends.com will soon be releasing some of the top junior mining companies to own right now. Looking at the actions of Ray Dalio, George Soros, Rick Rule, Eric Sprott, and other legendary investors. NOW is the time to enter the metals and mining shares.
Returns have been quite awful to say the least, which from a contrarian perspective gives investors a chance to bet on a short term bounce, if not a long term rebound. Conditions in the Precious Metals sector are very much depressed from the historical basis, as evidenced by the following two charts.
One of the people who has proven to be extremely successful in the gold mining area is Keith Neumeyer. He has made First Quantum Minerals and First Majestic Silver successful, and he started those companies at the depths of the previous bear market. His first two gold miners reached billion-dollar market caps. He now is going for a third succes with First Mining Finance (FF). It’s a mineral bank for hard asset investors, where Keith and his team will accumulate high-quality resources at dirt cheap prices due to the 4-year commodity bear market.
First Majestic could go lower from here but it has reached a fairly strong support level. The $3 level acted as both support and resistance during 2006 through 2010 and now price is testing that level again. The sliding parallel, see the dashed line on the chart below, provided support in November and December 2014 and price is testing that support level again.
This may be the biggest mining opportunity in decades, which is why I am urging you to research Callinex Mines immediately! I am convinced that Callinex Mines (CNX) is now months away from becoming the hottest stock in Vancouver. Some major players are moving in big with this stock, taking up large positions… Even a previous BHP executive has joined their team of advisors, Steve Swatton, who, while with BHP, was the Global Head of Business Development for their exploration division!
FutureMoneyTrends.com is Recommending Shares of Callinex Mines, a 30-Cent-a-Share Company that is Led by a Mining Hall of Fame Legend.
The S&P 500 Index hit an all-time high in May 2015. The XAU index of gold stocks hit a 13 year low this week – July 8. The XAU to S&P ratio shows that gold stocks have been weak for several years and appear ready to reverse higher. Take the low risk road. At this time the S&P looks like a high risk path while the XAU looks like a low risk road.