Follow The Path To Money

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As my loyal readers and followers know, I have been bullish gold and silver since 2018.

Oh sure, we have had some ups and downs, but since the March low, every dip has been a buy opportunity.

And my bullish stance in the metals was not always met with enthusiasm.

May bears out there thought the dollar would go up, the rates would not impact the bull move in metals, and that the possibility of stagflation was a bit absurd given the metrics pointing towards deflation.

But we were unmoved, talking on every interview about how gold and silver would rise.

Then, the extraordinary happened.

Robinhood traders caught on.

Silver, also mentioned many times, has industrial use besides serving as a hedge against inflation and social unrest. (We are surely seeing a good share of that).

What I had not focused on was that one of silver’s industrial uses is in the making of solar panels-hello-clean energy!

Which, with the recent parabolic move in silver not only makes me and our members who are long happy but got me thinking about the Robinhood traders and their attraction to socially conscious investing.

Now, love them or hate them, love or hate SCI, we are here to follow the path to money.

And what better example is there than Tesla TSLA?

The earnings report showed improvement both on earnings per share and revenues. This should seal TSLA’s fate in joining the S&P 500.

And make the RH traders very happy.

More importantly, even if you did nothing but sit long as we have in our Nasdaq All-Stars Model since $300, you do have to thank the Robinhood traders for helping TSLA trade to a price of over $1800.

It is in this vein that I put together this 10-minute video for StockchartTV’s Your Daily Five segment.

I cover clean energy (TSLA), now Silver SLV, and a company called TerraForm Power Inc TERP, a wind and solar company that has cleared a huge level of consolidation going back 20 2015.

From there I review Beyond Meat, BYND, and how to play that stock before and after earnings. Although it has yet to catch the SCI crowd’s attention, today’s announcement that the company would help fund the social cause of racial inequality just might turn the Robinhood trader’s eyes.

Finally, way off the SCI crowd’s radar, yet definitely on mine, is cannabis.

I was early with silver and gold. And perhaps I am with cannabis as well.

Nevertheless, I cannot let it go as an emerging megatrend and as a SCI given its medicinal qualities and opportunity to help the economy.

S&P 500 (SPYWelcome back SPY now on new multi-month highs. 320 support

Russell 2000 (IWM) 146 support 150 resistance-consolidating at the 200-DMA.

Dow (DIA) 270 pivotal

Nasdaq (QQQ) 262 support

KRE (Regional Banks) Back to an unconfirmed bearish phase-yo-yo.Inside day. 37.70 the 50-DMA

SMH (Semiconductors) 160 support 165 resistance

IYT (Transportation) 172.75 pivotal

IBB (Biotechnology) Did not confirm the bearish reversal top-why am I not surprised?

XRT (Retail) As mentioned, seeing money rotation here

Volatility Index (VXX) Did not confirm a bottom

Junk Bonds (JNKCleared the 50-week MA

LQD (iShs iBoxx High yield Bonds) Another new all-time high

Link to Your Daily Five StockchartsTV 

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