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The Weekend Edition is pulled from the daily Stansberry Digest. The Digest comes free with a subscription to any of our premium products.
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| More than seven in 10 Americans who watched President Trump's speech on Tuesday night came away with a positive reaction, according to a CNN poll… And 57% of viewers had a very positive reaction. While it wasn't technically a State of the Union speech, CNN notes this is the most positive reaction to a U.S. president's address to Congress since Barack Obama's first one in February 2009. It's likely no coincidence that most media outlets also noted Trump's speech marked a significant shift in character. As the Wall Street Journal reported…
Despite the conciliatory tone, Trump again shared few details about how his economic plans would be carried out… But the market apparently heard enough for the so-called "Trump Trade" to resume. U.S. stocks surged to new all-time highs Wednesday, pushing the Dow Jones Industrial Average above 21,000 for the first time. The U.S. Dollar Index rose as much as 1% to a new seven-week high. And interest rates – as measured by the yield on the benchmark 10-year U.S. Treasury note – jumped more than 10 basis points to above 2.45%. Recent remarks from Federal Reserve officials likely helped, too… Four separate officials – Dallas Fed President Robert Kaplan, Philadelphia Fed President Patrick Harker, New York Fed President William Dudley, and San Francisco Fed President John Williams – spoke on Tuesday. And each was more "hawkish" than the last. As news service Reuters reported…
Clearly, the market was listening… According to the CME Group's FedWatch Tool, the probability of a March interest-rate increase surged this week to greater than 75%. Financial news network CNBC reports some other measures put the odds above 80%. As Craig Erlam – senior market analyst at currency-trading firm Oanda – wrote in a note this week, it appears the stock market no longer fears rate increases but rather sees them as further evidence of a strengthening economy…
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One last note before we sign off today… We've heard from a handful of readers who are concerned about the recent performance of gold stocks. And for good reason… Over the last couple of weeks, gold stocks – as tracked by the VanEck Vectors Gold Miners Fund (GDX) – have fallen roughly 13%. Meanwhile, the price of gold is up slightly over the same time frame. Some folks have asked if this is a bearish sign. After all, we often say gold stocks tend to lead gold higher in a bull market. So is this divergence a reason to sell? In a word, no. It's true that gold stocks tend to lead the way higher, but it's important to remember that no market relationship holds true 100% of the time. More important, if you "zoom out" just a little, you'll see that's exactly what has happened this year… Gold prices have risen as much as 11% since the sector bottomed in mid-December. Meanwhile, gold stocks have rallied as much as 35% off their December lows. Even after the recent pullback, gold stocks are still up more than twice as much as gold in that span. In other words, gold stocks have rallied much more than gold... So it's not unusual to see them pull back much more, too. But we continue to believe a new leg in the ongoing bull market has begun, and much higher prices are likely this year. This recent correction may run a bit further… But we view it as buying opportunity, not a reason to sell. If you don't already have a portion of your portfolio in precious metals and the very best gold and silver stocks, this is a great time to start adding new positions. As longtime readers may recall, we launched our Stansberry Gold & Silver Investor service last spring to take advantage of the new bull market in precious metals. And folks who joined us have done incredibly well. Today, the second leg up in the bull market has begun… And we believe even larger gains are likely in the months ahead. That's why we've decided to open Stansberry Gold & Silver Investor to new subscribers for an extremely limited time. Better yet, we've been working hard "behind the scenes" over the past eight months to make this service even more valuable than it was before… In short, Porter and his team have been developing a new tool – what they've dubbed the "G-2 Indicator" – to help them find the most explosive opportunities in the precious metals sector. This indicator is rarely triggered… In fact, they back-tested 10 years of data on more than 200 publicly traded gold and silver stocks and found just a handful of signals. But when it appears, it often leads to rapid gains of 100% or more… sometimes in a single day. Right now, the "G-2 Indicator" has triggered a "buy" signal on not one – but three – tiny gold stocks. Stansberry Gold & Silver Investor senior analyst Brett Aitken has prepared a short presentation explaining it all. Click here to read it now. (This link does not lead to a video.) Regards, Justin Brill Editor's note: Porter and his research team recently uncovered an extremely rare indicator in the precious metals sector... When this "G-2 Indicator" flashes, they've discovered that it can dramatically turn the odds of success in your favor – and lead to incredible gains. Right now, we're seeing a "buy" signal in three different stocks. Get all the details right here. |
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