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MIDAS January Portfolio Update

Dan Amoss
By Dan AmossPosted January 8, 2021

The breakeven inflation rate has been rising steadily because investors are expecting plenty of inflation over the next decade – even if we see scant “official” inflation in the near term. Since Jim expects stimulus programs to stimulate inflation, and not real economic growth, the TIPS market and the gold market should benefit. For now, Dan updates the latest developments for all our open positions in the portfolio.

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Jim Rickards’ Gold Speculator with Dan Amoss

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Dan Amoss

Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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Midas January Portfolio Update

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By Dan AmossPosted January 14, 2022

Some factors are moving in gold’s favor in 2022, including a reduction of COVID risks in gold-importing nations like India. And the monetary factors driving gold are as bullish as ever. Also, if U.S. retail investors, financial advisors and institutions rekindle their interest in gold and gold ETFs, gold prices may have to rise substantially to ration supply. For now, Dan gives guidance on all the open positions in the portfolio, including two moved from a buy to a hold.

MIDAS May Portfolio Update

Dan Amoss
By Dan AmossPosted May 13, 2022

It has been a very rough month for junior gold and silver stocks as Fed tightening began. Even if the Fed hikes rates a few more times, and the measured inflation rate slows, we are still unlikely to see a sustained period of positive real interest rates. The longer we are in negative real interest rates, the better gold looks as a store of value relative to the U.S. dollar. For now, Dan gives guidance on all the open positions in the portfolio, including moving one position from a buy to a hold.

MIDAS December Portfolio Update

Dan Amoss
By Dan AmossPosted December 11, 2020

Our positions has moved sideways for the most part in recent weeks as the gold consolidation continued. Some positions are outpacing others, but our view of any particular stock has not changed very much. We don’t expect this consolidation to last much longer because the conditions for gold to surge higher in the weeks ahead are favorable. For now, Dan updates the latest developments for all our open positions in the portfolio.

MIDAS June Portfolio Update

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By Jim RickardsPosted June 11, 2021

Deeply negative real yields on Treasury bonds are a classic bullish signal for gold prices. And right now, real yields are as low as they’ve been in decades. With rising gold prices, you’ll want to hold several of our stock recommendations, which are diversified across geography and stage of company development. For now, Dan gives updates on all the open positions in the portfolio, including a ticker symbol change along with several buy limit price changes. Also, one position has moved from buy status to a hold.

MIDAS March Portfolio Update

Dan Amoss
By Dan AmossPosted March 12, 2021

The sooner investors realize that the Treasury and Fed have trapped themselves into permanent deficit spending and money printing, the sooner gold will start its next rally against the paper currency that underpins it all. It has been encouraging to see so many positions hold up fairly well in the face of relentless weakness in gold prices in February and March. Now is the time to take advantage of lower entry prices. For now, Dan gives guidance on all the open positions in the portfolio.

MIDAS May Portfolio Update

Dan Amoss
By Dan AmossPosted May 14, 2021

Gold rebounded nicely from its March lows, but it still has plenty of upside in the months ahead as interest rates remain low. Meanwhile, fears of inflation are stirring in the wake of the 4.2% CPI inflation number for April that was reported earlier this week. This could be a further catalyst for higher gold prices. For now, Dan gives guidance on all our open positions in the portfolio, including two positions being moved from buy status to a hold.