Why Am I so Bullish on Gold? The Specter of Rampant Inflation...

November 19, 2021 Check Out This Little-Known Weekend Trading Secret No one wants to work weekends, we get it. Traders from Wall Street to home offices grind it out Monday through Friday, just waiting for the weekend. But here's the secret… They're neglecting the fact that money may be up for grabs on any given weekend. New Money Crew Head Trader Lance Ippolito discovered a rinse-and-repeat plan that anyone with a cell phone and a brokerage account can take advantage of, even on a weekly basis… Don't waste the weekend! Get the Details Here Retail Sales Data Was Big. But 2022 Could Start With a Bearish Bang As expected, headlines across financial media Tuesday focused on the big retail sales numbers. That's not a knock either — they should focus their attention there. We said Monday if retail sales were strong and the Import Price Index was anywhere from flat to rising, that would indicate accelerated growth through at least early December. Well, not only did retail sales beat expectations, but the IPI rose way more than expected. Industrial production flipped from negative to positive, capacity utilization rose and business inventories finally accelerated a little... How's It Affect Our Watchlist? The Specter of Rising, Rampant Inflation Is Why I'm so Bullish on Gold I said Monday my most undervalued trade on Wall Street is gold, and last week's free Alpha Intel Trade Alert was also a play on the precious metal that did quite well... I have two gold stocks perched atop this week's Alpha Intel Weekly Watchlist, so it's no secret how I feel about money-making opportunities with gold right now… There are also two big retailers to watch this week after reporting strong earnings amid surging retail sales data that came out Tuesday morning. But back to gold… if you couldn't tell, I'm BULLISH! And at the top of my list right now are two mining stocks.   Why am I so bullish on gold? Frankly, ladies and gentlemen, it's because gold is a great hedge against inflation. And you can look at just about any commodity and see surging prices. Look at oil and gas, lumber, wheat — the price of which has doubled in a year and change... So inflation is a major problem and whether it's here to stay or not is the big question the Federal Reserve must address. But in the meantime, I'm all in on gold as a hedge. Click Here to See This Week's List "Impressive, Awesome, Stunning, Awakening, But Very Logical." Alain C. Pennant formations are usually treated like flag formations because they are very similar in appearance, tend to show up at the same place in an existing trend, and have the same volume and measuring criteria.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. The profits and performance shown are not typical, we make no future earnings claims, and you may lose money.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions. WealthPress

 

                                                           

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