This week in the stock market was bullish. The dollar was up over 107 and can probably overcome that resistance. Usually Gold responds to a strong dollar by going lower but that is not the case now. Gold is now up 150$ since the correction lows. It stands on 2715 this Friday and ended the day with a powerful move higher before the weekend. It looks to me as if there is not any resistance until the psychological resistance at 3000$. Therefore I added goldstocks to the portfolio this week. I also find value in some resource and energy stocks. Crypto and especially Bitcoin is in a bullmarket, however it is difficult here to judge resistance at 100 k. We will see what happens when that is reached soon.
Next week is short in the markets due to Thanksgiving. I expect bullishness to continue. On Friday we have a FRO report which I will look into next weekend in the TSC Premium.
The Sectors: There is no less than Eight Sectors that are positive in all timeframes! This is an everything bullmarket. The Energy Sector is now positive too. The only Sectors still in negative trend is Real Estate Sector, Basic Materials Sector and Healthcare Sector.
But we can be sure that one day, this will end too.
S&P500 is over 6000. Warren Buffett is selling stocks for cash. He must consider the stock market overvalued? Share buy backs is a way for insiders to sell stocks for cash and still support the share price.
A very strong dollar is not yet a sign of weakness in the stock market but is a sign of uncertainties due to war and trade tariffs.
The Gold/Silver miners are in a business that is not easy to handle. Therefore it is easy for financial media to focus on the companies that have failed projects. Then a whole industry can get a bad reputation. There are many successful companies out there. It is a question of finding them. Mining remains a difficult enterprise so therefore it is best to keep it simple. Juniors in hunt for capital can sometimes take on too much and promise too much. For example a company starting several projects or mines in different geographical spots just to give the impression of competence will sometimes fail completely to get the requiered capital to fund any mining activities in the future and the exposure to problems a long the way increases. Mining is expensive and it is best to start with only one mine, to get some cash flow before continuing to other sites or projects.
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