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Here's why I'm particularly bullish on Gold and Silver (GLD, SLV)
Author: Peter Kurata Covestor model: Smart Money Disclosures: Long GLD, SLV The week of 7/25 was brutal, with heavy selling occurring on 4 out of 5 days. This capped off an ugly month of trading which whipsawed up and down, creating an almost perfect “M” pattern. The soap opera surrounding the on again, off ... read more
Manager Commentary Frank on 15 Aug 2011
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This tepid volume indicates lack of conviction - Peter Kurata
Author: Peter Kurata Covestor model: Smart Money Disclosure: None The markets spent the entire month of June in correction mode. During this time, it’s usually best to stay on the sidelines and stay out of trouble. June proved to be a very difficult for investors as the markets nose dived for a couple weeks, then ... read more
Manager Commentary Frank on 20 Jul 2011
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Ignore head fakes - this is a wait-and-see market
Author: Peter Kurata Covestor model: Smart Money Disclosures: None The markets spent the entire month of June in correction mode. During this time, it’s usually best to stay on the sidelines and stay out of trouble. June proved to be a very difficult for investors as the markets nose dived for a couple weeks, ... read more
Manager Commentary Frank on 12 Jul 2011
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Gold looks good technically - P. Kurata (GLD)
Author: Peter Kurata Covestor model: Smart Money Disclosure: None May saw the major equity indexes in decline. The weakness of price gains toward the end of the month, along with overhead pressure, suggests that the market is headed lower. In June I like the Gold ETF (NYSE: GLD). With all the attention turned to the ... read more
Manager Commentary Frank on 10 Jun 2011
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Inflation continues to creep in - P. Kurata (AMZN, PG, SLV)
Author: Peter Kurata Covestor model: CANSLIM Disclosure: None In a first ever post-Fed meeting press conference, Fed Chairman Ben Bernanke said QE II will continue to be supported after June. This news helped sparked the NASDAQ to move to a new new 10-year high, giving the March 29th rally new life. As one indicator ... read more
Manager Commentary Frank on 23 May 2011
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Gold is still a buy - P. Kurata (MCD, PG, SLV)
Author: Peter Kurata Covestor Model: CANSLIM Disclosure: None In a first ever post-Fed meeting press conference, Fed Chairman Ben Bernanke said QE II will continue to be supported after June. This news helped sparked the market to move to a new highs. Inflation continues to creep in, and the Fed’s position that high energy and food ... read more
Manager Commentary Frank on 6 May 2011
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I use Gold as protection against these central bank actions - P. Kurata (GLD)
Last week we showed how the price of gold has gone hyperbolic. Given the rise, we thought it would be useful to touch base with some of Covestor’s model managers who run portfolios that hold the SPDR Gold Trust ETF (NYSE: GLD), the world’s largest gold ETF. One such manager is Peter Kurata who run's Covestor's CANSLIM ... read more
Manager Commentary Frank on 18 Apr 2011
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Inflation is coming, so I'm long gold and silver - P. Kurata (GLD, SLV, WMT)
Author: Peter Kurata Covestor Model: CANSLIM Disclosure: Long SLV, GLD March continued to head fake and fool investors. Inflation has been most obvious at the gap pumps, and while we consumers complain about $4/gallon gas, the government simply turns its head the other way, as energy is not included in their official inflation report. Groceries ... read more
Manager Commentary Frank on 11 Apr 2011
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Gold goes hyperbolic (GLD)
Following the turmoil in the middle east, Japanese earthquake and renewed worries over European debt, gold has resumed its seemingly inexorable march higher. Metals industry resource Kitco reports: Comex gold futures on Wednesday closed higher and set another new all-time record high of $1,467.00 an ounce, basis the active June futures contract. Meantime, Comex silver ... read more
Positions Frank on 7 Apr 2011
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