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Top Three Videos – January 31, 2024

► Searching for the Best Gold IRA Company?
This is a MUST-Read...

Ronald Stoeferle: Will 2024 be the Year for Gold? (January 29, 2024)

Summary

 

The bull market for gold is intact and the best is yet to come, especially when the Federal Reserve starts cutting interest rates, leading to the best phase of the rate cycle.

 

  • Gold establishing a floor at the US $2,000 per ounce is psychologically important, but the bull market being clearly intact is what really matters.
  • Gold is trading at or close to new all-time highs while nobody really cares about gold in the investment world, which is a very positive divergence.
  • Gold prices are expected to slowly build towards 2,200 or 2,500 throughout the year.
  • The best is yet to come for gold, especially when the Federal Reserve starts cutting interest rates, historically leading to the best phase of the rate cycle.
  • Gold is becoming much more valued as a dollar hedge, means to diversify, and a reserve asset without any counterparty risk.
  • Gold plays a major role in the process of the end of the dollar-centric world, according to traders from the United Arab Emirates, Saudi Arabia, China, and India.
  • “Real interest rates and inflation are much more important for the price of gold than short-term events like wars or terror attacks.”
  • The long-term outlook for gold is positive, with potential for a price increase to $2300-$2400 this year.

Past Gold Breakouts, Is 2024 Similar to 2003 for Gold? (Jan. 27, 2024)...

Stock Chart of the Day...

Summary

 

The current market trend for gold suggests a potential breakout with the potential for significant gains in the near future, similar to the breakout in 2003.

 

  • The current market trend for gold suggests that a breakout is on the horizon, with the potential for significant gains in the near future.
  • Gold’s breakout in 2003 saw a 50% increase, indicating a potential rise to 3,000-4,000 in the next move.
  • Gold had a significant breakout in 2003, similar to the potential breakout in 2024.
  • Gold historically performed well when rate cuts happened, as seen in 2003, suggesting a potential similar trend in 2024.
  • Gold may continue to rally to the end of the year as the Federal Reserve begins to loosen policy, similar to the 2003 period.
  • The current gold chart shows a spike and a little selloff, similar to the pattern in 2003, indicating a potential breakout.
  • Examining past gold breakouts can provide valuable insights for predicting future trends in the market.
  • The gold market may sense rate cuts in March or April, leading to a potential breakout.

Successful Trading is the Antithesis of Human Nature (Jan.29 2024)...

Stansberry Research...

Summary

 

Successful trading requires overcoming human nature and following the rules of the game, focusing on process and discipline rather than predicting the future or avoiding losses.

 

Psychological Challenges of Successful Trading

 
  • The market is not behaving like the early stages of any past bull market, indicating a potential bear market.
  • Successful trading is the antithesis of human nature.
  • The best hedge fund managers get paid billions of dollars a year because it’s so hard to do, just like how NBA players make millions for playing at an elite level.
  • Successful trading requires overcoming human nature, including ego, defense mechanisms, and behavioral biases, which can be extremely difficult and lonely.
  • Successful trading is an unnatural act, like jumping out of an airplane with or without a parachute.
  • Learning from successful traders is like learning basketball from Michael Jordan or LeBron James – it just makes sense.
  • “Cut your losses quickly, let your winners ride, wait for the market to confirm, don’t think you’re smarter than the market.” – Following the rules of the game in trading is crucial for success.
  • Successful trading is about process and discipline, not predicting the future or avoiding losses.
  • You’re not going to make money over time in the market by being smarter than the market, but by cutting losses and letting winners ride.
  • The market confirming or disconfirming is the key to successful trading, not doubling down based on personal predictions.
     

Contrarian Trading Strategies

 
  • Contrarian trading involves picking turns in the market without basing it on price, unlike the usual trend-following and breakout strategies.
  • Successful trading requires going against the consensus and waiting for market confirmation before making a move.
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