Golden Breakout (finally)

(gold finally wakes up)

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APRIL 2, 2024       PROSPERITY PUB MARKET TALK Golden Opportunities Gold has been stuck in a sleepy, sideways pattern for years. But it looks 2024 has finally woken Rip Van Winkle up. Since the start of the year, gold is up almost 15%. And when you count from its low in early October, the yellow metal is up over 21%. That may not sound like much for a market used to stocks like NVDA and SMCI gaining triple digits in just a few weeks. But to hear Jeffry Turmire tell it, gold is just getting started. With gold futures trading just above $2300, he’s got his eye on long-term targets as high as $3000 and potentially even $5000. If that sounds outrageous, you’re right to be skeptical. Look at a gold chart of the past 5 years, and it’s no wonder people have gotten used to gold not going anywhere.   But Jeffry tells us that gold’s years of underperforming has been all about the precious metal winding up and gathering strength. Don’t forget, in the mid 2010’s gold went through a period of particular weakness that saw it drop to as low as nearly $1000. So gold can move when it wants to. And it seems 2024 could be the year that starts its next big run. Catch his full commentary in this clip from 30 Minutes of Awesome. — The Prosperity Pub Team Gold Breakout! (and the best way to play it) Have you had your eye on Gold lately? It’s been surging like it hasn’t done in YEARS! But you ain’t seen nothing yet! Because JP Morgan says gold will keep hitting new highs into 2025! But one gold expert says: “DON’T place a SINGLE gold trade till you watch THIS!” SCOTT WELSH’S TICKER TALES Legally Speaking (LZ) As we’ve talked about, IPOs are a great place to go to find big winners. And IPOs have gotten somewhat hot right now. LegalZoom (LZ) started off strongly when it was initially offered. It was up in the $40 range and seemed to be holding on. But, like so many IPOs, it then fell off a cliff.  It’s when people forget about a stock, though, that a big move can materialize.  Back in July 2023, LZ tried to make a move. But it fell back when the market sold off. Now it’s showing upward momentum again and is currently in a very tight range, gathering up energy for a possible breakout. Here’s the chart:   If LZ breaks above $13.75, we could see a move into the $20s. We’ll keep an eye on it. Happy trading, — Scott Welsh P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

APRIL 2, 2024 PROSPERITY PUB MARKET TALK Golden Opportunities   Gold has been stuck in a sleepy, sideways pattern for years.   But it looks 2024 has finally woken Rip Van Winkle up.   Since the start of the year, gold is up almost 15%. And when you count from its low in early October, the yellow metal is up over 21%.   That may not sound like much for a market used to stocks like NVDA and SMCI gaining triple digits in just a few weeks.   But to hear Jeffry Turmire tell it, gold is just getting started.   With gold futures trading just above $2300, he’s got his eye on long-term targets as high as $3000 and potentially even $5000.   If that sounds outrageous, you’re right to be skeptical.   Look at a gold chart of the past 5 years, and it’s no wonder people have gotten used to gold not going anywhere.   But Jeffry tells us that gold’s years of underperforming has been all about the precious metal winding up and gathering strength.   Don’t forget, in the mid 2010’s gold went through a period of particular weakness that saw it drop to as low as nearly $1000.   So gold can move when it wants to. And it seems 2024 could be the year that starts its next big run.   Catch his full commentary in this clip from 30 Minutes of Awesome.   — The Prosperity Pub Team Gold Breakout! (and the best way to play it)   Have you had your eye on Gold lately?   It’s been surging like it hasn’t done in YEARS! But you ain’t seen nothing yet!   Because JP Morgan says gold will keep hitting new highs into 2025!   But one gold expert says: “DON’T place a SINGLE gold trade till you watch THIS!” SCOTT WELSH’S TICKER TALES Legally Speaking (LZ) As we’ve talked about, IPOs are a great place to go to find big winners.   And IPOs have gotten somewhat hot right now.   LegalZoom (LZ) started off strongly when it was initially offered. It was up in the $40 range and seemed to be holding on.   But, like so many IPOs, it then fell off a cliff.    It’s when people forget about a stock, though, that a big move can materialize.    Back in July 2023, LZ tried to make a move. But it fell back when the market sold off.   Now it’s showing upward momentum again and is currently in a very tight range, gathering up energy for a possible breakout.   Here’s the chart:   If LZ breaks above $13.75, we could see a move into the $20s.   We’ll keep an eye on it.   Happy trading, — Scott Welsh   P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to penunggangbadai.moneyblog@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

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