hi all, A correction has started from a wild ride in the past 3 months and nothng has changed. This is normal and we posted since January a lot of ups and downs. Going into June i did post back in May this month was critical and as you can see we had many corrections. Is this a good thing? Yes and NO, but right now lets look at the FEAR and GREED Index. As you will see we are in FEAR and this is not good at all. However the market traders are loading up again as market momentum is extreme greed! see the link
https://www.cnn.com/markets/fear-and-greed Now looking at the next federal reserve meeting to cut rates nothing has changed so we are in the same boat. Only 10% feel we can see a rate cut in 38 days away. So check out the CME fedwatch link...
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html As for GOLD, nothing has changed and these wild dips just keep coming back! so the price will continue and continue to move in a positive move the rest of the summer. Watch Agnico Eagle as this stock is the one to hit that $100 a share price.
check out the chart...no fear and believe in this real asset!!
Now as for FFN this stock did stay above that moving average to pay a dividend again and nothing has changed. This stock will go much higher and i noted $8 target as we go into the summer. The biggest thing about these banks is the US Election is coming and anything helps before October and November in the US. So the banks and GOLD assets is key. Take profits and keep cash also if you do not have a drip on your account. CASH is king while this stock pays out and continues to move higher. see the chart below....I honestly believe the US elections will help all banks move higher!!
DF stock, a miss on the dividend is nothing to focus on only the share price. This is a share price play and if you bought this stock and played the cycle from January i hope you took the cash. Right now this dip is minor and the share price is stable to come back quick and move past $5.
now as for the wild ride watch this interview on USA Watchdog!!
https://usawatchdog.com/no-way-financial-system-survives-bill-holter/ The latest video from Ron's Basement...its a good one