Latest update, GOLD, DF stock and rate cut!! watch FFNhi all, Last week was a rate cut in Canada that will probobaly not see any change for months until they meet again. The rate cut to this market was just to calm the air and was not enough at all for Canada. now for us lets start with our charts. This time its interesting as we start with FEAR and GREED index first. We are in neutral right now and there is a lot of GREED for the market momentum still. Everything else is FEAR and Neutral. see the link
https://www.cnn.com/markets/fear-and-greed So right now i see the summer coming into play as an up and down market.
Federal Reserve watch is this week on rate cuts and right now see the link as we are all looking at a hold still on the rates. No move by the Federal Reserve so far. Check out the link...
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html We will see what happens and any cut can be very bullish so get ready the count down has started.
Now as for Gold, so a big move down and so what! All i see is more GOLD buying and a nice small correction as we all foget we are over $2000 and ounce so who cares about $90 bucks dip!! We are all forgeting the long picture of GOLD and its value over the years to come. This is a dip before the rip and this was a healthy correction to help you relocate your investments into the minors or juniors if you waited all these years to get in. If the US cut rate rates this week watch out for GOLD and Silver could be the biggest move ever!!
NO gold chart for this post so everyone will wait and see until Wednesday so use the CME Fedwatch link on this post for any changes. Right now nothing in a rate cut.
Now lets look at DF stock as the rate cut in Canada will help this stock and also the buy back of Shares from Quadravest will help the share price move much higher in coming months. The low shares outstanding and also any move to add GOLD Minors to the list of holdings can push this stock past $6 to $7 in coming months of the summer. see my latest chart and stable moves coming.
here is a chart before covid to show how far DF stock has cleaned up and the awkward chart that we all know the last two years was uncalled for. This time we can see stable moves and low shares outstanding and increased measure with new assets, GOLD, Banks plus the rate cut last week helps this stock be in good position.
As for FFN, i mentioned this many times over the past few months and we are headed higher thanks to the banks, GOLD assets they own and now a rate cut this stock i can see giving a dividend every month the rest of the year! This will be a big test and my target for a high is $8. Now if you are in the green and made some nice gains please take profits and hold onto CASH!! I know for myself i'm looking at Silver and one junior to invest in. so for now see the chart on FFN.
I went back many years around covid and you can see this same pattern as DF from quadravest and now all is behind us. This stock is set and with the rate cut last week and the US is next we are ready to move and pay a dividend the rest of the year. This stock is set up perfectly and with holdings in Canada with the BANKS and they love GOLD. Also, take profits and hold on to the big cash cow dividend also. Always protect your money off this stock....
https://www.tradingview.com/chart/?symbol=TSX%3AFFN&utm_source=traderschoice.net&utm_medium=widget_new&utm_campaign=chart-logo&utm_term=TSX%3AFFN This week for the federal reserve is everything so remember this one and have no fear. I think with the websites we use and the links i have noted we can stand any dip.
Watch this video and remember it....