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.

You Must Be A Subscriber To View This Content.

If you are already a subscriber, click the login button below to get access. Not yet a subscriber? Checkout our publication below and get access today!

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...

View More By Dan Amoss

MIDAS April Portfolio Update

By Dan AmossPosted April 9, 2021

Since our last update, it has been a fairly quiet month in our portfolio. By far the biggest factor that can light a fire under our portfolio’s performance is a rebound in the prices of gold and silver. For now, Dan gives guidance on all the pen positions including moving our five original option positions to a hold.

MIDAS December Portfolio Update

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 November Portfolio Update

By Dan AmossPosted November 13, 2020

We viewed gold’s sharp decline this week as a short-term dip and a great buying opportunity for investors. Buying during drawdowns and riding the upswings for profits is a winning combination. For now, Dan updates the latest developments for all our open positions in the portfolio, including a sell alert for gains last week.

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 March Portfolio Update

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 July Portfolio Update

By Dan AmossPosted July 9, 2021

The U.S. dollar’s integrity will have to be sacrificed by the Fed and the Treasury to prop up all the mistakes made in the past – mistakes nurtured moral hazard, which in turn fueled fragile bubbles. If a correction in asset prices won’t be allowed and will be cut short by the Fed and the Treasury, this will come at the cost of wave after wave of monetary debasement. That’s why gold is a must-own portfolio asset. For now, Dan gives guidance on all the open positions in your Gold Speculator portfolio.