Quick summary: Despite the negative economic backdrop of slowing growth and high inflation, markets continue to rally. In today’s Closing Bell video, Murray points out how high stocks could go before encountering stiff selling pressure and shows you the bullish set-up in gold and gold stocks.
Last week, I said that the beaten-up gold sector was a happy hunting ground at the moment, with Westgold Resources [ASX:WGX] having a solid chart. WGX rallied 13% over the week. Today, I give you a detailed look at the WGX chart and point out where I think the price could head in the short term. The big picture remains bullish on gold…
I’m not sure if central bankers have stopped the banking liquidity crisis in its tracks with their actions, but they have certainly taken the wind out of the sails of the bears for now. Enough for me to issue three new trades this week! Watch the Closing Bell video for two small lithium stocks that I think may also be worth looking at. Enjoy!
US banks are still seeing stiff selling pressure despite the intervention by central banks to placate markets. Is there more going on behind the scenes than we’re privy to? In today’s Closing Bell, I show you some scary charts that could suggest there’s more to this issue than just a liquidity issue…
Quick summary: Volatility is starting to pick up across markets as various banks around the world come under attack. I have been steadily increasing my warnings about the prospect of a large sell-off for more than a month and also said the banks looked like a short a week before the Silicon Valley bank went under. Watch the latest ‘Closing Bell’ video for my latest analysis…
Watch today’s Closing Bell video to see key levels to watch that, if hit, could catalyse some explosive moves. After a year of doing not much at all, it looks like equity markets might be ready to start flying around again…
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