MIDAS August Portfolio Update

By Dan AmossPosted August 13, 2021

All of our positions that are still rated buy look attractive, especially after the correction in gold. Jim doesn’t expect this gold correction to last much longer, because a variety of factors could emerge to propel the metal into its next significant rally. Look for more macro guidance from Jim in his next Gold Note. For now, Dan gives guidance on all the open positions in your portfolio.

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Jim Rickards’ Gold Speculator with 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 September Portfolio Update

By Dan AmossPosted September 10, 2021

The higher gold prices rise, the more sense it will make for the majors and intermediate gold miners to accelerate their acquisition of attractive gold projects. If you own stakes in projects with attractive economics, you have bought ahead of what we expect to be another boom in acquisitions in the early- to mid-2020s. We expect patience to be greatly rewarded. For now, Dan gives guidance on all the open positions.

MIDAS January Portfolio Update

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.

MIDAS May Portfolio Update

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.

MIDAS November Portfolio Update

By Dan AmossPosted November 12, 2021

While it has been a disappointing year of gold stock price performance, we are very satisfied with the financial and operational performance of mining companies. The major and intermediate producers have produced record free cash flows, improved balance sheets, paid large dividends, or made smart mergers and acquisitions. The next year should bring much more positive attention to neglected gold stocks – especially if gold makes a sustained break above $2,000. For now, Dan gives guidance on all open positions in the portfolio, including moving three buys to a hold and selling five option plays.

MIDAS June Portfolio Update

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 January Portfolio Update

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.