Midas Letter

Gold is bouncing off of support and it is looking like the time to enter into a great risk-adjusted trade. The precious metal is oversold after a couple of month selloff. The downtrend is stimulated by vaccine news and economic recovery. At the same time, palladium and copper are looking bullish. So there are great […]

The big news of the day is the mass hospitalizations of new Coronavirus cases. Yesterday it was reported that U.S. hospitalizations surpassed 100,000 for the first time. This pressure on healthcare threatens the entire system. Meanwhile, U.S. stocks have continued their uptrend this week. The NASDAQ-100 (INDEXNASDAQ: NDX) and S&P 500 Index (INDEXSP: .INX) hitting highs. Although cases […]

Another day, another dollar profit. The S&P 500 Index (INDEXSP: .INX) has hit another record high close. But as the tide is rising all floating boats, what are the best stocks to buy? Are there any you should avoid? There is immense optimism in markets as the presidency transition looks to be peaceful, COVID vaccines […]

Markets are reversing investor sentiment this Cyber Monday. The sentiment that has sent stocks soaring to all-time highs this month. November has been another record month for the overall stock market, but this week shows perhaps some profit-taking and a period of investors taking a breath. The technology-focused NASDAQ, which has trailed in November, is […]

Sprott Inc. (NYSE: SII) (TSE: SII) is the legacy of Canadian billionaire Eric Sprott who has made a fortune in gold. Sprott is the largest natural resource focused asset manager in the world. Eric and his organization are therefore a pretty good authority to reflect on the price of the precious metal. Edward Coyne, Senior […]

Ever heard of the Santa Claus rally or Black Friday stock rally? It’s not a celebratory parade or a rush through shopping malls to get the newest gifts before the next person… It’s a stock market phenomenon that sees an increase in the stock market due to strong retail sales… There are other factors such […]

Today, we want to discuss emerging trends in the market. Trends that should see plenty of profits moving forward, regardless of economic shocks caused by COVID-19 or the election volatility. Some trends that we see moving prices higher and some to the downside. First, let’s talk about how the major indices are moving. We can […]

Options trading may seem complex and overwhelming, but once you understand the basics and a few terms, it can be a new trading direction with many advantages. Options trading can provide investors with unlimited profits, limited downside risk, and hedging abilities. But what is a strike price, expiration date, calls, puts, deltas, and thetas? Where can […]

Mind Medicine (MindMed) Inc (OTCMKTS:MMEDF) has been on an absolute tear of late. Due to its groundbreaking work in the psychedelic field, the company’s stock has gained more than 200% in the last 2 months! Co-founder and Co-CEO JR Rahn is a former Silicon Valley tech executive who partnered with drug development veteran Stephen Hurst […]

Moderna Inc (NASDAQ:MRNA) announced that its vaccine appears to be 94.5% effective. The on-going study is still based on preliminary data, but U.S. sentiment appears high as this is the second major vaccine breakthrough. This news follows last week’s announcement that Pfizer Inc. (NYSE:PFE) Coronavirus vaccine appeared to be 90% effective. Both companies are now seeking permission to […]