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PROSPERITY PUB MARKET TALK Gold Comes Back To Life (free trade idea) The market is all about expectations of future performance. And that’s fully on display right now with how gold has come back to life. Between the easing inflation and the signals the Fed has been sending about possible rate cuts, GLD (an ETF which tracks gold) has reacted quite positively. The ticker, which had been stuck in a range between about 211 and 225 for over 3 months, since early April, has seemingly come back to life. Over the past week, GLD has trended strongly upward and just today, it broke through the key 225 level to close the day at 228.29 — a new all time high. But according to our own Nate Tucci, that’s not the all clear signal yet. Nate has been monitoring GLD closely, and in a recent Telegram post he suggested he’s waiting for a weekly close above previous highs — around 225.59 — before adding to his position. If GLD can hold the gains it made today and close this week above that key level, Nate’s upside target is up at 250, giving the precious metal ETF — and savvy investors — plenty of room to make gains. For updates on Nate’s possible GLD trade, click here to tune into his FREE Telegram channel. — The Prosperity Pub Team He’s targeting 200% returns this week! (so can you) Options expert Nate Tucci is pulling back the curtain on a unique way to turn tiny stock moves into 200%+ returns! Learn how his real-time trades — not cherry-picked backtests — have averaged a shocking 237% gain on winners! This revolutionary strategy could be perfect for small accounts! Click here to get all the details on this breakthrough strategy! SCOTT WELSH’S TICKER TALES Cruising Time? (CCL) In the past four years, cruise lines have seen a lot of volatility. We had Covid problems and we had stranded-at-sea problems. Plus, we have potential inflation and recession problems. But Carnival (CCL) has fought through all that and is now making a beeline to a new high. Here’s the chart: CCL has been on a nice run since May and a break above $18.92 could lead to an explosive move. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. |
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ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. |
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