Take A 30% Gain on Cleveland-Cliffs

By Dan AmossPosted January 8, 2021

Infrastructure-related stimulus will likely arrive at some point in 2021, but the rallies in these sectors look very overextended. Our target price for CLF was $22 by the second half of 2021. It’s covered much of this ground in a matter of weeks. Since we might may be able to re-enter this position on favorable terms in the months ahead, let’s take gains today.

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Jim Rickards’ Strategic Intelligence

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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By Jim RickardsPosted January 5, 2015

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By Dan AmossPosted August 23, 2019

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By Jim RickardsPosted April 20, 2015

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Sell Alert: Five Positions to Sell on This Market Bounce

By Dan AmossPosted March 3, 2020

In light of the volatile nature of the market, it’s time to sell five positions in the portfolio as they are vulnerable to much lower prices in the months ahead.