hi all, Looks like the big dump on Friday was nothing more than President Joe Biden making a statement on IRAN and i watched it to. Like many everyone jumped over the fence and ran away scared. As for me all i see is uncalled for reaction to media pushing an old man to make a very unthinkable statment and totally unpresident like remark. I will say this goes to show how media controls the flow of the mind of someone and Joe Biden should never have taken the steps to make a last second comment and walk away. So lets look at DF stock as i told everyone to take profits and pay your bills. The cycle seems to have made a dip and can we come back higher? I would say right now this stock hit $4.50 on Friday and stayed above the dip. So that is a good sign for now. This coming week the stock must not dip below the $4.50 and April 19th will be the news on the Dividend. We need at least min $4.60 range and more comfortably $4.80. I will say that this stock is in range still and stable so lets go for it and stay in range for another dividend pay. This stock did the dip and hit my number and stayed above. There is no IRAN attack and there is no threat to Israel so lets move on. Joe Biden did something live that the Pentagon i'm sure is now taking steps to prevent the old President from making these none sense moves to the media.
Here is a chart on DF and we are looking ok for now as the dip was stopped from going further. I have a modest target of $4.70 range for that dividend to hit in the $15.01 NAV. This is very high risk so if you took profits keep the money and stay out for now and wait for news on Friday. Be smart about it!!
One stock that you are better off is FFN, a nice dip back to $5.30 and Quadravest hit this one down in a single day over 600k shares and a massive dip. However the share price reached a nice high this month and we could see some new volume and be over $5 and run back up so we should close for the week at $5.25 to $5.50 range. Once they announce the dividend on Friday this stock can stay in this range and hold. I do not expect any spike higher to $6. So be cautious with this one and watch the week. Dividend is good and in range one more time for April. chart is below...
As for GOLD, i said it once and i will say it again, $2500 target why not!! look at the move past $2400 and it was crazy as we saw Angico Eagle move fast to almost $90 a share. This is nothing as i mentioned before all of April this stock is going higher and the smart money is in....
see chart on GOLD......
watch the latest video.......GOLD with Chris