Lots of updates, Gold, DF & FFN, next 4 months...news hi all, well a lot has happened in the past 3 weeks and lots of updates on Gold, RBC Precious Metal fund, DF target and watch FFN.
As for the markets we can see the fear and the gread targets are all in a scary moment before the federal reserve moved in last week. Now the worst is over more money is maybe being pushed into the system or not. At this point lets start of with the Fear and Greed Index. This site does not lie and right now the fear is still in the market it seems, but momentum is Greed. check the link..
https://www.cnn.com/markets/fear-and-greed As for weekend wallstreet so far we are in the green to start. check the link..
https://www.ig.com/en/indices/markets-indices/weekend-wall-street , now we look at the federval reserve next meeting this summer and the momentum shows no change in rates. take a look see link
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html , So we are now looking at June and the month of May is clear full engines a head. We can see moves modestly higher in the DOW, Nasdaq, Gold, Silver and even Bitcoin. The month of May is a big one for the dividend players so lets start off with DF. This stock is still a sit back and watch. Do not buy any shares unless we get that $15 target and a dividend news. We must hit min $4.80 a share again and i believe we can get there. Very high risk and i have not purchased any shares and i rather wait for news this month. So if you are in cash and bought FFN like i stated last month and took profits...good job! pay your bills and sit on some health cash positions. Nothing wrong with taking a break. So no chart on DF right now as the share price is uncertain. As for FFN stock all systems seams to be another great move higher by this big player in the banks!! I did mentioned how the banks are moving into Gold and this stock is a keeper. I expect a stable share price over $5.50 to $6 target the rest of the month. Another month in may for a Dividend again and good asset allocation in the banks. see the chart on FFN. Traget stable over $5.50 to $6 for the first time!!
As for Gold, we got rocked many times and still over $2300 an ounce!! so anyone who is a stacker of gold coins, bullion must jof umped in to buy on these dips. However we have a new manager looking after the RBC Global Precious Metal fund. For those who want that mutual fund as a safe investment with the best of the best. This is a good investment for a long time! check out the latest changes in the management team.
https://www.rbcgam.com/en/ca/profile/jeffrey-schok/detail/ Also the gold price has been very good and stable over this $2300 range and check out the latest investments in this fund by the new portfolio manager...Agnico over 13% holding...
https://funds.rbcgam.com/pdf/fund-pages/monthly/rbf468_e.pdf as for the gold price...we are still strong and support has not changed for this investment. Gold can still make a move higher in May and move past $2400.
As for the latest updates and videos i have decided not to add anything on this as there is too many uncertain videos and comments. Nobody knows whats going on so until my next post i will look for that one key video that takes into mid May.