gold news

 but now things are happening so fast so monumentally who knows what's going to happen with Iran it's not going to be good whatever happens I always tell you guys too you guys still have no idea how big this precious metals trade is going to be so much is going on right now it's almost hard to keep up with I'm going to give you some of the key points that you need to know about right now there's a global growth slowdown which you've known for a while that's not moving quickly

everything else is moving quickly there is a potential Counterattack coming from Iran about the strike against their Embassy in Syria and what is going on with precious metals prices they're absolutely surging which leads me into the other thing I want to talk about is I'm going to tell you guys knowing how and when to sell shares of a stock I've been talking about the slowing global economy for a while and in a video I put out and somebody made a comment about well this Bank of wherever says that

they're going to grow by 3% or whatever but here's the thing we've got recessions right now Ireland UK Japan these are pretty big economies China is absolutely slowing down I'll say a few things about that Finland is in recession now but what you need to remember too is a lot of times it's a moral hazard where the government can make new government jobs and all of a sudden the unemployment rate goes down and the GDP spikes you can say well hire 100,000 more government workers and that

politician looks pretty good the numbers look like they're doing well but you're actually weakening the economy the more government workers there are less efficient and less Fair an economy is within reason you need some government workers of course but they play games of this stuff they hire too many government workers always and they're completely inefficient but this comment about China actual growth seems to be below the official figures what a big surprise China is manipulating the data there's

substantial deflation the housing market has yet to stabilize the domestic stock markets have fallen significantly domestic confidence is flagging and foreign investment in 2023 was at a three deade low as China goes down most of it based on the real estate as they continue to go down slow down that's going to affect all the world in a big way a lot of the growth that we enjoyed over the last few decades we attributed a lot of it to China now that influence or that pressure will be going the other way where it's going to be a

drag on global economy which will make things like the recessions in Finland and Ireland and United Kingdom and Japan get even worse and I stand by my guns that the recession is going to be coming here to America and I showed you in a video the other day too that when the interest rates start coming down that is when recessions often start and the reason I'm going to get into knowing what to sell is because we had a lot of questions lately because a lot of the stocks we're talking about are going up

and in price a lot because because partly the ones that we talk about about the mining companies gold prices today are absolutely surging I got frustrated I wrote in my script here's how much gold is trading at here's how much it increased and I had to readjust those numbers four times I'm not kidding I would do the numbers come back a couple minutes later just to double check and gold prices were up another $12 it was just going and so they started to slow down now but last I looked they're at

$58.90 per ounce and silver was up 5% you watch what happens to Silver mining companies if gold goes up sorry if silver goes up 5% do the mining companies also increase by 5% no their share prices will increase by a lot more than 5% same with gold some of these gold money companies are bringing out millions of ounces the good quality gold money companies don't just buy any commodity company or any precious metals company you got to buy the good ones a lot of these compan comp are bringing out millions of ounces of gold

and now they're making an extra $58.90 per ounce last I looked it was $2,422 per ounce of gold do you remember we were talking about is gold going to break through 2,000 we're talking about it from $1,800 a lot we're talking about when it's $1,400 that's when my father and I started buying into this gold physical gold the mining companies went the absolute wrong way and it was a completely obvious gift for any investor to get involved with these gold mining companies when all of the sudden in a

very short window of time these mining companies profit margins are going to absolutely explode and it's happened so fast that it hasn't hit the financial results yet but as they start releasing quarterly and annual results you'll start to see okay we made many millions of dollars more than we had in the past the share price will always follow suit and that's one of the reasons why we're talking about knowing when to sell but it's not just that but even look at oil prices

they're up $244 per barrel today last I looked a lot of that has to do with what I told you about in our previous video the potential for reprisal from Iran about how Israel hit their Embassy in Syria and killed eight highlevel irgc operatives as the Iranian revolutionary guard and so Ramadan put a hold on the response but the response will come we just don't know where or how or what it's going to look like so I always tell you uncertainty is worse than the actual news when we don't know

how Iran's going to respond that's really pushing up oil and gold prices a ton there's going to be military conflicts escalations gold will help you preserve your wealth by increasing in price with the inflated risk premium and I just want to say again gold prices at $2,422 an ounce but what has happened since the Israeli attack on the Iranian Embassy they the other day a couple days ago they hit and killed three sons of a major Hamas leader and this is from the White House this comment there's a very

in credible threat of Iranian retaliatory strikes against Israel the White House said Friday as US President Joe Biden receives constant updates on the situation from his National Security team well yeah big deal it' be weird if he didn't but here's another moral hazard you got to watch Benjamin Netanyahu very unliked very likely to be kicked out of office as soon as the war ends I've even heard talk of him going to jail after the war ends because he's done a few things which

are illegal so the problem is that BB Benjamin Netanyahu needs this war to go on he needs to extend the war because as long as a war is going on he's in a better place as soon as it's over as soon as it ends he has to worry about his whole future everything but what happened the other day with inflation it bounced like I told you it's going to be bouncing it's going to go a lot higher and with these higher commodity prices that's also going to drive inflation even more and so when those numbers came

out the expectation for raid hikes got pushed pushed further down in the year we were expecting three or four rate Cuts in the first half of the year maybe five or six even throughout the whole year and that's why I made those slices of investment wisdom that I give to you guys I took a part of an interview with Gareth Solway and he was talking about how the market is expecting a lot of rate Cuts this year and then as they get fed a dose of reality that there won't be that many rate cuts and not as soon

as they thought not as aggressively as they thought that's going to put a lot lot of downward pressure on the markets and that's what you've been seeing the last few days markets I saw earlier today were down 200 on the premarket I think it was it might have been live market but down 200 points on the Dow for example and across all markets also down but at the same time gold prices going to the Moon there's how you invest well you're avoiding the risk on one side and you're getting into things that

are going to pay off in a big way and I always tell you guys I'll tell you again two things when gold prices drop 20 $30 people were worried about it back in the day and they would say what do we do are we wor should we sell and I always said the same thing you guys know if you've been around you've heard me say this don't ever worry about gold and now we're sitting pretty looking at it breaking above $2,400 an ounce I always tell you guys to you guys still have no idea how big this precious metals trade

is going to be check back with me Circle back in about a year or so so and you'll laugh about this comment now but what always comes up one of the most common questions that I have ever gotten in my entire career and it's come up a lot lately because of the strong performances not just our gold mining companies our silver mining companies the oil and gas companies too which are obviously going to be doing very well and a lot of our technology companies all our stock picks are you know you

can't get too cocky because it's a good winning streak and after winning streak can often come a losing streak but we've been nailing it out of the park so far this year so the question comes up the most common question how do you know when to sell and I say thank you for the question here's how you know and I made a list of 11 ways and I sent it out to all of the people who are members of the Peter Leeds Army and the Peter leads Army exclusive newsletter which you can join for as low as $3 a month I sent

that out yesterday and I picked out for you guys right now in this video a few of the most significant ways that you can know with certainty and Clarity when you should take profits when you should sell your stock the first one was the relative strength index that's an oscillator between zero and 100 when it gets up towards above 70 that's considered overbought and therefore probability suggests that it's most likely you fall rather than increase further and if it gets below 30 that's

considered oversold but those numbers 30 and 70 I don't even use that you only want to act when it's really overdone so for example when the RSI gets above 80 especially even better if it gets above 85 you know that stock is highly likely to start coming down in price and when the relative strength index gets extreme below 20 then you know that the highest probability for those shares going forward the bias will be for the shares to start trading higher so if you're wondering about selling a stock you

check the RSI you can do it through like bigcharts.com any free charting website if you're thinking about selling and the RSI is really high then maybe you should definitely start lightening the load but the first thing I said in that report though number one and it wasn't a way to know when to sell but the most important thing always scale in and scale out of your positions so you want to invest $1,500 don't just take $1,500 and go I'll buy that P put it in two different buys buy once and buy the other half a

couple weeks later it'll get the emotions out of it the impulsiveness it will be replaced with discernment wise investing whether you're buying or selling always do it in portions if you would buy the stock again today if you had fresh money would you buy that exact stock and if you wouldn't if there's a reason why you wouldn't maybe you do want to lighten the load and of course things like buy the rumor sell the fact which I go into great length about in my book up thinking where if there's a

massive thing that's known by everyone that's expected to be good for a stock or a cryptocurrency or an investment they will bid up that investment all the way to the point where the rumor becomes reality and then if there's no more price drivers behind it they always come back down from overvalued levels marketly and the best example that I always give you guys is that Sirius and XM Satellite Radio are going to merge every thought wow they'll save all the money they'll have no or competitors Etc

so the price went higher and higher and higher to the point where they merged and then it was a very short window of time before it dropped 85% that is a great example of how by the rumor sell the fact events work but another one of the items about when to sell I wanted to call out for this video about knowing the difference between trading and sympathy and Company specific risk if all the biotech stocks drop about 15% but they all do it together then it becomes a play if you think that biotech is going to zero then

maybe be worried but generally when they all drop together they'll all rise together later but if biotech drops or any industry the mining industry energy industry technology they all drop 15% together that's trading and sympathy if one company drops 15% while all the other companies in the industry do not that's a company specific risk that's something you need to understand and know why it's doing that and maybe you're going to want to get out of that stock if it's going the wrong way and I

did save the two best ones for last I ignored all the rest that's in the article for the Army members but these two are the best ones number one when there's a fundamental justification if the stock price like for example oh I don't know any precious metals company ramps higher did it do that for a fundamental reason if the thing they're digging out of the ground and selling is exploding in price then yes it's okay the prices went up a lot and they'll probably go up a lot more

and they'll be able to hold those gains if they surge higher for no good fundamental reason that you can identify a lot of times that could just be a a buying Surge and you maybe want to avoid those stocks at that point and the other thing before I get into the best one about the low trading volume is that what I always do myself personally is that if you're thinking about selling or if I'm thinking about selling if I see one of these things that's not enough to convince me to sell

if I see relative strength index being too high no more price drivers pushing the stock higher or some of these technical analysis indicators that suggest the Stock's going to come down if there's two or three or four things saying sell the stock that's usually good reliability to get out of the shares by scaling out scaling out sell a portion unless something monumentally deterior happens with the company and you want to just ditch your position that's different but in general that's not the case so you

want to slowly gradually make your decisions over time and I talk about technical analysis you can see things like double tops shooting star patterns outside bearish engulfing setups dark cloud cover one of the best ones is a dogee trend reversal indicator after a big runup it gaps higher to a DOI that's where it opens and closes at the same price in the day after gapping up that almost always is a trend reversal indicator because it's signaling indecision among investors at these levels as our spinning tops that you can

see on the chart and a lot of people have taken my charting course and they get to understand all this and see it they can look at a chart and know which way the Stock's going to go based on the patterns on the chart because you know what the investors are going to do next and when you know what they're going to do next you know where the stock price is going to go next it doesn't have to be that complicated right it's actually a lot simpler than people realize but the last one I want to talk about was

low trading volume a stock can jump up 30% if it's on low trading volume not a lot of shares making that move happen that move almost always comes back down what you want to see is a lot of activity a lot of buying pushing the prices up a lot of people involved in the trade and that will generally implied that the move may be maintainable may be lasting if was on light volume never ever trust it and if you're looking at any trading chart pattern on light volume you can't rely on it that's why penny stocks are so

difficult to do technical analysis with and that's why I developed what does work with lower priced stocks in terms of technical analysis that's what my trading chart course is all about but now things are happening so fast so monumentally who knows what's going to happen with the Ron it's not going to be good whatever happens so I'm keeping an eye on it I'll keep talking about it if you'll let me keep talking to you about it all you have to do is subscribe thanks so much

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