Morris Hubbartt
Precious Metals Analyst
Morris Hubbartt is the creator of proprietary timing models in the Superforce Signals, Superforce 60 Trading Service. He is senior vice president, General Manager and as Co-Owner of a concrete manufacturing company since 1985. He is also sole proprietor of SFS Newsletter Services that specializes in volume analysis of the gold & silver markets. His website is at www.superforcesignals.com.
Morris Hubbartt Articles
The Fed minutes put a damper on the markets, but not on our huge cash positions in our SGS portfolios (all in USD). The candlestick action on silver bullion is impressive and we're stepping into the market to buy a position with stoploss.
We've been aggressive profit bookers for the flagship SGS gold and silver stocks portfolio. We are loaded with cash, and ready to buy a deep correction, which hasn't happened yet.
Another wild week comes to an end. The US jobs report is being released on the Good Friday holiday, and Trump is facing charges. Our nation is in a dangerous spot with all the debt and war.
It's been a wild week with gold soaring to $2000, correcting hard, then soaring again, but the big story this week is silver, while barely sold off at all with gold down $70 and is now at another fresh high for the week!
The Fed put a big damper on the markets, but not on our portfolios because of our large cash allocations. This is a time to be brave, but not stupid. We’re modest buyers.
The CDNX has been outperforming the stock market and GDX since January, and we did an across the board buy for the SGJ portfolio this week. The US dollar chart is horrible and that’s bodes well for the miners.
