Gold update, DF target and watch FFN, latest videohi all, here is the latest moves into the last two weeks of May. Now is the time to check our strategy and first is the Fear and Greed index and so far all Greed. see the link
https://www.cnn.com/markets/fear-and-greed the biggest one is the
stock price is in FEAR. Now looking into June the Federal Reserve so far nothing has changed on any rate cut...see the link for CME FedWatch tool on rates.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html Now as for GOLD we saw a spike on Friday and today another move overnight and a little pop. Gold i believe is headed to $2500 target and make this move one time. After that nobody knows what is next. This is scary as so much talk is out there with the banks. The move to digital full out, cashless bank. See the latest news in Australia!! no more cash!! Also we can see new rules with Comex Rules on the Gold and Silver metals. This could start a frenzy and skyrocked Gold to whatever price is needed by all investors. so check out the link..
https://www.macquarie.com.au/help/general/cheque-and-cash-changes.html#tab-panels-0-what-you-need-to-do As for DF, we have news and confirmed divided pay out for June and this is ok for now. However i do not see any strength in the share price going crazy so target is $5.50 at the most. I will not do any chart as this stock has yet to change its holding over the years and would like to see some Gold Minors in the mix.
Now looking at FFN...i have new targets and a high towards $7 is key as we took out $6 and the top 5 holdings are key. As to what is going on in the markets and Banks love to hold Gold. This stock will do very well and knowing RBC is in the top 5 is a good sign. The volume is always extreme at any day and can move fast on the share price. I would not be surprised if we end up to $6.80 at one point this week.
see the chart below on FFN....its all positive....
Here is a good video on Comex, the banks, Silver price and new rules?