The stock market is going to go crazy as investors react to Warren Buffett buying GOLD stock and selling off bank stocks. Besides that, we still have Congress & Stimulus relief issues, alongside an upcoming election that investors are starting to prepare for. I give a brief market recap & SP500 analysis, then cover what to watch in the stock market this week. I go over Barrick Gold stock and the Berkshire purchase, but also a what this means for gold stocks and silvers stocks and how I plan to trade them, alongside my number 1 trading indicator. After this, I go over my portfolio and stock picks and cover 3 stocks to buy now that are based off of my positioning last week. The key will be if markets open strong or weak and the type of stock news we to set the pace this week. IT IS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
All right, ladies and gentlemen.
I got your watch is coming in August 17 2020 and the stock
market is going to go crazy specifically gold and silver.
I know you guys get mad sometimes with the title, but I actually
have something very very cool to show you.
So how we open this week if it's pretty much an active Monday
and things start to react a little bit then we will have our
work cut out for us.
Otherwise, if it starts off slow, it's going to be kind of a
wait and see but gold and silver there was a there's there was
a lot of things you saw Warren Buffett the banks.
We have a lot to talk about.
So I hope you guys are ready.
I got the keys.
I got the place some of the ones that we made on Friday and
kind of what we're looking at coming into tomorrow.
But again, a lot is going to be dependent on how the rest of
this week plays out.
But mainly this month.
It is middle of August and summer is already over and shout
out to all of the chats.
And we got we got a lot of little chats going back to school.
A lot of you guys are going back to I don't even know but
summer is getting ready to wrap up August 17th.
I mean just think about where that is on the candle.
So I hope you guys are ready.
I got that got the place all that got some cool stuff.
So let us not delay you guys know what you need to do.
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that.
But right off the bat.
The first thing I want to talk to you guys about why the
market's going to go crazy.
Like I said gold and silver.
I would watch gold and silver specifically.
Like I said, see if we get a big week out of the gate with
the market with the news with the election with the stimulus.
You even saw Trump's brother passed away.
And I don't know if it was from the virus or not, but that
could have some political implications.
You're going to probably hear about that.
Then there was the Warren Buffett news.
He sold out of JP Morgan or Goldman.
I believe and then bought into gold and that is just a very
very weird move for Warren Buffett.
So things are going to happen there, but I'm too excited.
I have to show you this.
This is what we've been talking about pretty much all week
and let me actually give you first silver.
Just take a look at silver again.
Here's over the last month.
We've talked about it pretty much at every single point.
You guys have seen how it's played out, but you could see
why this point is really really important.
So we're going to get back into a range or is silver going
to break out.
But now what is the broader thing?
This is what I want to show you guys as the bond yield start
to move again.
I was looking at those a little bit.
You could kind of see how the 10 years looking and a lot
of people are talking about how lumber has been going up.
This is the chart of that.
This is a little cheat code.
I want to show you you could come to the commodity section
view all of them on trading economics, but look at the monthly
and the yearly and this is really what you need to watch
out for here.
And this is going to signify pretty much what's going to
happen or in my opinion.
It's going to give me a little bit more of an idea of gold
and silver.
And if things are really really popping off, this is that
pop-off indicator again.
You could see silver how it's moving in the month in the
year.
But now when we get down to stuff like lumber, you'll start
to see these big moves.
And this is what I'm saying.
Watch for it.
Because if all of these commodities, if you start to see the
one month move start to go crazy this column over here, but
then they start making drastic monthly moves.
This is going to let us know pretty much what's going on with
both inflation as well as the supply chain economic issues
that are kind of reemerging.
Those talks have been coming back over the weekend here.
So I'm excited because like I'm saying here with gold and
silver, if they start to go a little bit more crazy with
those commodities and you start to see pretty much a contagion
spread through every other commodity in the world from agriculture
to metals, then you're going to start to see it kind of go
one by one here.
And this is what I'm going to be watching to see.
Okay, we're going to get some dollar moves inflation gold
and silver moves on our hands.
So very excited to show you guys that because I think it
kind of helps visualize and give you something to watch with
what we've been talking about this last few weeks is again.
The dollar has been going crazy gold what you've seen with
bonds TLT even the S&P back at all-time high.
So that is what I'm watching for.
We talked about those global effects last week.
There is a visual example again.
This is just the commodity prices on trading economics.
If you want to check that out yourself, but that's the first
thing.
This is what I'm going to be watching at tomorrow in the
opening the week again.
We'll talk about the plays when we get there.
I don't know if I'm going to make a specific play on it just
yet that is going to be determinate on the premiums.
But like we talked about over the last week watch for the
underlying the key is what is the underlying going to do?
So by watching a lot of the prices and what's going on with
the dollar, I will be able to get an idea of that and then
we can make a play on the options.
So watch out for that as far as everything else this week.
You're going to get the Fed minutes.
There is going to be some PMI data.
It's not the official one.
It's the flash one.
So I believe that's like two week data.
But if anything you're going to get some UK housing retail
sales, it could move the market.
There is some other stuff from other countries, but not really
expecting too big of an effect there.
Again.
I'm just going to watch commodity prices in the dollar and
the real value of things moving as well as now don't forget
the whole policy stimulus stuff.
What's going on with the government even the election that
stuff is starting to get baked in or at least people are starting
to think about that now with the whole market and everything
And moving forward towards the end of the year, but that is
pretty much it.
So let us get into the place.
So right off the bat, don't be disappointed.
Like I said, SLV and GLD, but we have to wait.
Everything else is going to be a lot of the place from last
week watching the continuations that we kind of saw or in
this case, one of the ones I really really like for tomorrow
is Disney because I had contracts expire.
So I have those ones with a little bit more time, but those
weeklies were moving really really good last week in the
sense that they would go cheap expensive cheap again.
I eventually had them expire worthless, but I like how they're
holding up.
I like how Disney move last week.
So that's the first like individual play.
That's like kind of new but SLV and GLD I want it, but I'm
very very timid pretty much what I'm looking for is to see
if something's broken and I want to see if someone's going
to give me something stupid and there's an available deal.
I will take it.
If not, it's a slow game and I don't really see anything
imminent as something crazy again.
Now what you are going to see is GOLD.
So again, you can put this alongside as a play.
I might want to flip this again.
This will be a social effect because this is the company
that Warren Buffett or Berkshire Hathaway bought into so
they are a gold company a gold miner.
This isn't like GLD GLD is a ETF that pretty much owns gold
or gold future.
So gold GOLD is an actual company and Warren Buffett took
a stake in them and he sold off Goldman again.
Just a weird interaction, but gold might be a play itself
the ticker GOLD.
So I'm going to watch it.
But like I said, I think it'll be social.
If just people start to go crazy and bandwagon onto it and
that's kind of ironic because that is even what Warren
Buffett is said in 2013.
He is not a fan of gold at all.
He's even said that it's going long on fear and people who
buy gold.
He pretty much say they pretty much says that they confirm
the price.
So he says other people just buy gold when it goes up because
it kind of confirms the speculative error because the price
is going higher.
So it's a very very weird effect, but I wouldn't doubt people
to buy this tomorrow.
So if there's a quick flip opportunity, I might take that.
But other than that, I'm going to watch for the banks possibly
but then KR we got this play on Friday.
I did a quick flip on it, but this was a buyout news or they
got news about somebody taking a stake or wanting to take
a stake.
So I got a hundred of these at 8 cents.
I flipped I got a hundred fifty.
I remember I got filled on accident at 50 at 6 and then I got
another hundred at 8 cents and then I sold out a hundred at
11 pretty much made it free got my initial investment back.
I 50 those freeze but watch out for those deals and you saw
what happened with Viacom similar type of news.
You saw what happened with Snapchat the week before but what
we've already noticed here.
Even then you could even tell the range.
I wasn't even able to flip these good be careful because
after a few weeks of hitting those now the option chains are
reacting very very prematurely, even if there's no deal.
So be very very careful watch them.
And then finally, I guess the only other play I would say to
look for remember.
I got these on Thursday.
We got those September calls J&J they had some of that other
news and they're holding up decent, but I feel like something
could pop off a brew from there, but they haven't really done
anything in the last three months.
So watch them as far as everything else again.
I like those Disney's.
I still like the HD play again.
Remember the rotations and all of that don't forget about that
still keep that in mind, but HD did very very good last week.
I still like them MCD ended up going closing higher.
Remember we had those plays expire.
So I still like that.
I will look to double dip again all depends on pricing.
There's also AMC.
They've been moving good since that news.
We're still holding the shares and they got in at like 490.
So I'm not up too much but still watching still holding those
again GOLD SLV keep an eye on both of those then Walmart.
Remember they have earnings.
We still have their play, but you can kind of seen they're
going to hit their earnings run up or they might hit it.
I mean, I don't take that as they will but keep an eye on there.
This one could be a good one again.
If they open up strong in the morning or if they're opening
different than some of their peers that could be a good sign
J&J KR like we said then snap GPS.
I like both of these again.
These are kind of the growth stocks that have been a little
bit more volatile again GPS.
I like they got their earnings again coming up and I want to
see with them with the rotation because how beat down they've
been again.
They're still below the one-year target and then Snapchat
there above again.
Snapchat's been doing good, but I want to see how it's been
since this last quarter again.
We still haven't made a long-term purchase yet.
So I'm still waiting but we still haven't done a lot but keep
an eye on them.
And then finally TLT.
I'm not expecting any big movements, but I showed you guys
that bond chart the bond charts looking a little bit weird.
I would give it time.
I wouldn't expect immediate like I don't know whipsaws up.
It can happen, but it'll probably be indicative off of news
or anything of that nature, but it should be an exciting week.
We will see.
I mean, it could be even a boring one if there's a lot of
the wait and see in the politics, but at least we are used
to it, but you're still seeing individual plays in markets
and commodities and everything moves.
So I hope you guys are ready.
But that is your watches.
Ladies and gentlemen, make sure hydra healthy ready to go.
Make sure you post your watches.
Make sure we see you there in the morning.
I need the armor on I need the helmet shining.
I need you to have a long-term portfolio.
The Keef catcher the long-term chair the thing that's going
to make you not quit or math.
Everybody make fun of you after you day trade for a year
because you invested the right way still but no seriously,
please do it and don't forget.
There's still an event wait till the end of the year elections
end of the year.
There's opportunity.
So don't blow the opportunity.
Now the money doesn't expire, but the coat loves you.
I love you.
I will see you in the morning.
Let's go.