Jim Tassoni – Finding Opportunities In Falling Markets: Gold, Nat Gas, Europe & Chinese ETFs
Jim Tassoni, CEO of Armor Wealth Strategies joins us to share where he sees opportunities in these volatile and now downtrending markets.
Jim provides a detailed analysis of various assets including gold, bonds, and energy stocks. We examine the consistent strength in gold due to central bank buying and discuss trading strategies around both gold and gold stocks.
Jim highlights their strategic positions in the bond market, particularly short-term ETFs like SHY, as a hedge against equity market downside.
The conversation shifts to a mixed performance in the energy sector, with specifics on trades involving oil and natural gas. Despite recent challenges in the oil market, Jim shares insights on successfully capitalizing on natural gas trades.
Financials also come into focus, as Jim explains the potential for deregulatory benefits and the current tactical standpoints, including the critical levels to watch in sector ETFs like XLF.
Additionally, we explore international markets, with particular emphasis on opportunities in Europe and China. Jim discusses how European ETFs like EWU and EZU, and the Chinese FXI, have shown promising momentum, hinting at a potential shift away from US market dominance.
Jim concludes with a long-term view on market stability and the potential risks and rewards of investing in international markets amidst global economic uncertainties.
This week is an important one. The Nasdaq had a bearish breakout versus gold yesterday that is likely to hold on Friday for a weekly close. The bearish writing has been on the wall for awhile in multiple ways as parts of the market have led other parts of the market and now we’re getting confirmations.
In dollars QQQ exceeded its 2021 high by 35% but priced in real money/gold it never even matched its 2021 high…
https://stockcharts.com/h-sc/ui?s=QQQ%3AGLD&p=W&yr=3&mn=11&dy=0&id=p15070117942&a=1745773727
Matthew, it’s good to see you posting again I hope everything is well with you. DT
Hi DT, all’s good. I hope the same for you.
Silver just put in its highest close vs the S&P since 11/5 (before the election):
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24SPX&p=D&yr=1&mn=5&dy=0&id=p67286025471&a=1921953921
SLV:URA weekly breakout (and up 80% in last 13 months):
https://stockcharts.com/h-sc/ui?s=SLV%3AURA&p=W&yr=5&mn=1&dy=0&id=p15277889275&a=1921955514
Daily SLV:URA is overbought and rather vertical so a short term pullback could start at any time…
https://stockcharts.com/h-sc/ui?s=SLV%3AURA&p=D&yr=1&mn=1&dy=0&id=p79856396543&a=1610025769
I’m betting the Canadian dollar has found a low.
https://stockcharts.com/h-sc/ui?s=%24XDC&p=W&yr=8&mn=3&dy=0&id=p05703796236&a=589642399
SLV took back its 200 day MA one year ago today and then rose another 50% before finally and successfully testing that MA again in December. Today the 200 dma is over 30% higher than it was one year ago. That is an example of a rising “floor” in a bull market. Three days ago SLV came within 1% of that floor and now it is 4.2% above it. Last year it reached as much as 34% above it so the current level just might represent an opportunity.
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=1&dy=0&id=p54836408599&a=1864035649
Breakout in the works for XAU vs SPX? Probably.
https://stockcharts.com/h-sc/ui?s=%24XAU%3A%24SPX&p=W&yr=5&mn=5&dy=0&id=p37235736614&a=1899210912
XAU vs RSP (equal weight S&P 500 ETF):
https://stockcharts.com/h-sc/ui?s=%24XAU%3ARSP&p=W&yr=5&mn=3&dy=18&id=p30108162497&a=1905030427
GLD:RSP at highest level in 50 months and up 46% since Nov. 22 low:
https://stockcharts.com/h-sc/ui?s=GLD%3ARSP&p=M&yr=9&mn=11&dy=0&id=t3734232515c&a=1914509854&r=1741146810781&cmd=print
$3300 gold before a correction looks conservative compared to the action of 2020 and ’24. In both of those years price extended about 19% above the top price pivot. However the odds of such a performance in back-to-back years is statistically highly unlikely so hedging one’s gold on any move over 3,000 makes sense to me and it’s better to be early than late.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=9&dy=0&id=p05479208371&a=877923791
In 2000 the S&P was worth 5.5 ounces of gold. In 2011 it was worth about one-tenth that amount. Today it is just under 2 ounces and heading lower.
https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GOLD&p=M&yr=35&mn=3&dy=0&id=p36022412496&a=1104681131&r=1741147087765&cmd=print
Bitcoin’s chart is ugly but I’d bet Michael Saylor doesn’t see it that way.
https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=W&yr=5&mn=11&dy=0&id=p95592436915&a=1075706252
I hope Trump taps out when Doug Ford cuts off the power to New York State. Trump likes a good fight and so does Doug Ford. The headlines will read the TRUMPSTER verses DOOGY! Let’s Rumble! LOL! DT