MIDAS May Portfolio Update

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.

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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 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 February Portfolio Update

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.

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 October Portfolio Update

By Dan AmossPosted October 8, 2021

A central bank can arguably be worthwhile as a liquidity backstop in an emergency. However, when non-economic actors start exerting a heavy influence on private sector activities, there are bound to be suboptimal results. In today’s economic conditions, circumstances may ultimately force the Fed to take even more extreme actions than it has taken already. If so, the demand for a politically neutral, un-printable, stable reserve currency to settle international trade could rise exponentially. That currency is gold. For now, Dan gives guidance on all open positions in the portfolio.

MIDAS February Portfolio Update

By Dan AmossPosted February 11, 2022

Gold prices have held up remarkably well as broad recognition that the Fed is going to make a policy mistake could occur over the next few months. And when that recognition spreads, gold and gold stocks could embark on their next significant rallies. For now, Dan gives guidance on all the open positions, including significant updates on the financing package announced by Sabina Gold & Silver (SGSVF) and the long-awaited Pre-Feasibility Study released by Integra Gold (ITRG).