Gold: Another Perspective

[] plus one strong gold-related ticker to consider [View in browser]( [View in browser]( [] MARCH 12, 2024 [] [] PROSPERITY PUB MARKET TALK Challenging Golden Beliefs Following our recent discussion with Geof Smith on gold's market dynamics, we sought Jeffry Turnmire's insights for another view. Jeffry, known for his nuanced understanding of the markets, stresses the importance of considering assets independently. While Geof stressed the need for silver to start “playing along” in the rally before gold can go much higher, Jeffry challenged the narrative. In particular, he pointed out the distinct market size and behavior of silver compared to gold. As a sort of similar — though unrelated — example, Jeffry debunked the myth linking the dollar's strength directly to gold's performance, telling us that a deeper analysis is usually needed before relying on surface correlations. Drawing parallels with the crypto market, he illustrated how Bitcoin miners sometimes mirror or diverge from Bitcoin's price movements. He emphasized the critical role of analyzing the underlying assets so as to not be led astray by analyzing derivatives of the underlying. As a practical example, you can look at how Bitcoin has been skyrocketing recently while the major Bitcoin miners, MARA, RIOT, HUT and CIFR among them have been retreating. Jeffry told us that there could be many reasons for that — and while deeper analysis is necessary to find out exactly what is going on, sometimes these kind of divergences can point us to a “knowledge advantage” that institutional traders with vastly more resources and connections have. All told, with regard to gold, Jeffry’s all in on NEM (Newmont Corp) with a long term view to having the stock potentially hit $100+ over the next (18 - 24 months months.) — The Prosperity Pub Team [] [] As the market marches higher… Some traders are running full speed ahead into the rally… And others are flocking to cash… worried about a possible crash. But what if there was a way to do both? Yes, it’s possible. And one trader has BEEN doing it so far with a flawless record! [Discover the “Bear Proof” pairs trade!]( [] [] SCOTT WELSH’S TICKER TALES Boring is Soaring (OC) Recently, we’ve talked about how boring companies are starting to become all the rage. Tech craziness can’t last forever, and other simple, solid companies are now turning into the cool kids. Take Owens Corning (OC), for example. What’s more boring than a company that manufactures building materials for consumer, industrial, and commercial markets? But guess what? The Building Construction sector is now one of the top 10 hottest sectors out there. Here’s the chart: We were looking for a possible breakout over a month ago on OC. A break now above $160.20 could bet the ticket to a big run. 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. [] [] [] [] MARCH 12, 2024 [] [] PROSPERITY PUB MARKET TALK Challenging Golden Beliefs Following our recent discussion with Geof Smith on gold's market dynamics, we sought Jeffry Turnmire's insights for another view. Jeffry, known for his nuanced understanding of the markets, stresses the importance of considering assets independently. While Geof stressed the need for silver to start “playing along” in the rally before gold can go much higher, Jeffry challenged the narrative. In particular, he pointed out the distinct market size and behavior of silver compared to gold. As a sort of similar — though unrelated — example, Jeffry debunked the myth linking the dollar's strength directly to gold's performance, telling us that a deeper analysis is usually needed before relying on surface correlations. Drawing parallels with the crypto market, he illustrated how Bitcoin miners sometimes mirror or diverge from Bitcoin's price movements. He emphasized the critical role of analyzing the underlying assets so as to not be led astray by analyzing derivatives of the underlying. As a practical example, you can look at how Bitcoin has been skyrocketing recently while the major Bitcoin miners, MARA, RIOT, HUT and CIFR among them have been retreating. Jeffry told us that there could be many reasons for that — and while deeper analysis is necessary to find out exactly what is going on, sometimes these kind of divergences can point us to a “knowledge advantage” that institutional traders with vastly more resources and connections have. All told, with regard to gold, Jeffry’s all in on NEM (Newmont Corp) with a long term view to having the stock potentially hit $100+ over the next (18 - 24 months months.) — The Prosperity Pub Team [] [] As the market marches higher… Some traders are running full speed ahead into the rally… And others are flocking to cash… worried about a possible crash. But what if there was a way to do both? Yes, it’s possible. And one trader has BEEN doing it so far with a flawless record! [Discover the “Bear Proof” pairs trade!]( [] [] SCOTT WELSH’S TICKER TALES Boring is Soaring (OC) Recently, we’ve talked about how boring companies are starting to become all the rage. Tech craziness can’t last forever, and other simple, solid companies are now turning into the cool kids. Take Owens Corning (OC), for example. What’s more boring than a company that manufactures building materials for consumer, industrial, and commercial markets? But guess what? The Building Construction sector is now one of the top 10 hottest sectors out there. Here’s the chart: We were looking for a possible breakout over a month ago on OC. A break now above $160.20 could bet the ticket to a big run. 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. [] [] [] [] 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. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] 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. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](