Login

Enter your username and password below

I have forgotten my username

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.

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

Login

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

Related Posts

MIDAS December Portfolio Update

Dan Amoss
By Dan AmossPosted December 10, 2021

Gold miners are earning fantastic profit margins in 2021 with gold in the $1,800 range. Their margins could rise further on the structural damage that’s being inflicted on the U.S. dollar by both Congress and the Fed. Since the gold market is tiny relative to the broader stock and bond markets, when these portfolio shifts are made, gold can rise very quickly on a small increase in demand. For now, Dan gives guidance on all the open positions in the portfolio.

MIDAS April Portfolio Update

Dan Amoss
By Dan AmossPosted April 8, 2022

Gold stocks have had a nice run up in recent weeks. But it’s been mostly confined to the senior producers. Junior producers and explorers have lagged. That may change in 2022, as the seniors look to replace the reserves some have allowed to dwindle over the past decade. For now, Dan gives guidance on all the open positions in the portfolio, including one buy that has been moved to a hold.

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.

Midas January Portfolio Update

Dan Amoss
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 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 February Portfolio Update

Dan Amoss
By Dan AmossPosted February 12, 2021

The European Central Bank is slowly destroying its banking system with negative rates, and Fed officials have indicated that they want to avoid negative policy rates. If yields on the 1-year or 2-year Treasury note yield turn negative in the months ahead, it’s likely to rekindle investor interest in gold as a Treasury substitute. For now, Dan gives guidance on all the open positions in the portfolio.