Going for the Gold

Featuring Nick Colas

Nick Colas of DataTrek Research lays out a bullish trade on the yellow metal, in this discussion with Alyona Minkovski. Filmed on April 23.

Published on
25 April, 2018
Topic
Fiscal Policy, US Dollar, Trading
Duration
11 minutes
Asset class
Commodities
Rating
47

Comments

  • DY

    Dmytro Y.

    16 5 2018 05:15

    0       0

    Several people came to RV Trader to give bullish forecast on Gold and preaching USD 1470 by Dec 2018 and up to the skies. Going forward 2-3 months to 16th May it is clear that they all got it wrong, at least in this timeframe, and all these advises lost money. Really would like to see an improvement in Quality of guests and Quality of Ideas and Analysis. I trade Gold futures options myself. Did not listen to them (or only partly). Before coming to RV Trader the people should really try to make more intelligent analysis of Gold fundamentals, USD, rates, etc. So I have to express dissatisfaction with the Quality of ideas and analysis behind it. Otherwise cheers to RV.

  • BC

    Burton C.

    13 5 2018 05:13

    2       0

    Think this whole idea of buying gold as an "investment" is totally misplaced. One should buy gold for really only one reason, which is to preserve ones purchasing power against debasement and turbulent times. One shouldn't buy gold to "make money". Buy the gold stocks for that. Therefore one should have the physical outside the financial system.

    Putting it in a safety deposit box is NOT outside the financial system and buying the ETFs is simply a laughable fraud since one is not actually buying gold. Just buy your coins or bullion and put it away for a generation. If you think the metal is going to go up then buy the best quality producers such as AEM or NEM.

  • PS

    Patrick S.

    1 5 2018 19:23

    0       0

    I think buying good deposits for pennies like Marc Hart was doing in early 2015 is the way to play this. For example Moneta Porcupine mines ME.V on TSX you can get high grade gold for <5$/oz will likely get taken out next bull run and backed by Sprott/Rick Rule. This way you get some nice leverage to the price..... if regular miners are 3x leveraged, then junior exploration plays are 10x

  • CC

    Chris C.

    29 4 2018 04:53

    1       0

    Look at the OCT option chain for $IAU. At or near the money calls is all that's happening! There's nobody on the other end. Guessing the 2.5K calls at $13 are mostly one large buyer? But still, nothing on the other side.

  • PG

    Pablo G.

    28 4 2018 05:05

    4       0

    Not sure this is the right time when US dollar may be bouncing back up. Wouldn't it make more sense to wait for the dollar to start trending down again before putting this trade on?

  • F

    Floyd .

    26 4 2018 21:20

    2       0

    not bad but he didn't comment on using gold miners relative to gold and no comments on how silver looks relative to gold other other metals that might looks attractive..

  • GO

    Gary O.

    26 4 2018 05:46

    0       0

    Say Aloha when the gold in you safe deposit box goes bye bye!

    • DM

      Dan M.

      27 4 2018 05:04

      1       0

      Don't store it at a bank.

  • CB

    C B.

    26 4 2018 02:04

    0       0

    It’s a bit confusing to hear gold described as an allocation (2-5%) and then hear the recommendation for rolling stops. Why not just rebal the portfolio back to the allocation on a periodic basis as it becomes overweighted from target? However, I really enjoyed the narrative of budget deficits coming into market participants’ psyche. Seems like the probability will rise through time. Thank you for the content!

    • DM

      Dan M.

      26 4 2018 03:09

      0       0

      From what I recall hearing, his rolling stops advice was primarily directed at traders -- particularly if the price moves up rapidly, with the expectation of a reversion to the mean. That would give the trader the opportunity to capture some profit and then re-enter the trade at a better price.

  • SS

    Steven S.

    26 4 2018 00:03

    2       0

    Why are Hedge funds (managed money folks) record short silver ?????????????? anyone?

  • SL

    Steven L.

    25 4 2018 22:42

    4       0

    Great questions Alyona! The only question remaining for me is what about miners as a way to express the trade?

  • HS

    Hisham S.

    25 4 2018 19:13

    1       0

    Good to see you have brought trade ideas back it has been a while!

  • bm

    brian m.

    25 4 2018 17:46

    0       0

    Having Gold as insurance is good..but once you go beyond that gold gets very murky...Gold will probably rise over the next few years but Im holding out for a crisis low created by the margin clerks..then I will probably buy Silver

  • sm

    stephane m.

    25 4 2018 17:30

    1       1

    I'm sorry but gold is not ready for prime time! Nothing new with his view...
    I'm not buying before 1,000$ when everybody will want to sell!!
    I was a gold bug but after I discovered Martin Armstrong blog, I realised a LOT of things...

    • BB

      Brian B.

      26 4 2018 01:57

      1       0

      Not familiar with Martin Armstrong, what did you discover?

    • sm

      stephane m.

      29 4 2018 00:40

      0       0

      Go look at his blog Brian.If you have time, watch the movie The Forecaster!
      You can also search his video on realvision.

    • DR

      David R.

      6 5 2018 23:35

      0       0

      Yep. Gold is going to $800 per him and his AI computer. Guaranteed!!

  • RT

    Rune T.

    25 4 2018 14:47

    10       0

    I'm not going long gold before Doug Casey says to short it! Then I'm all in :)

  • DL

    David L.

    25 4 2018 13:26

    43       1

    Good decision to lower subscription price

    • DR

      David R.

      6 5 2018 23:36

      1       0

      Not for the suckers like me who already paid $1000 three years in advance!! And skip 90% of it which is mostly fluff.