VRA Weekly Update: Right Back to ATH. Uber Earnings. JPM Gold Manipulation. Gold, Miners Breakout in 3, 2, 1.
/Good Thursday morning all.
Wonder what new all time highs just a week after the corona with lime virus is telling us? The world's best discounting mechanism acts as our crystal ball.
As you may have noticed we don’t get bogged down much with the news of the day…the hot economic deadlines of the day…or the panic-filled hair on fire MSM/permabears. There’s no reason to.
We built the VRA Investing System with this in mind. Remember, had Mondays open been sharply lower….in the range of 300 points or so….the VRA System would have gone to 11/12 screens bullish. Just missed adding SOXL to the portfolio (but will at next possible chance). In the last 3 trading days the Dow has gained 1100 points. Techs/semis/housing leadings…just what we wanted to see. Internals were on fire. Best NYSE/NASDAQ breadth in 3 months. Not the action of a dead cat bounce. As Tyler covered in yesterdays podcast, “the lows are in place.”
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Our views have not changed over the last 3 years. We were the first to call The Trump Economic Miracle. Our conviction in the following stands;
- This is the Trump Economic Miracle. Following our 15 year nightmare we are due for 1–2 decades of peace and prosperity.
- The US leads and the world follows. This is a global bull market. Dow Jones 50,000+ by end of Trumps second term. 50K represents a an avg return of 13%/year (dividends included, not compounded). 75,000 is a possibility (29%/year, dividends included, not compounded).
- Investor sentiment remains decisively bearish…fund flows into bonds and away from equities continue to prove this point. Powerful bull markets (like this) only end when the public falls in love with stocks. When people start quitting their jobs to day trade and home equity lines of credit are aggressively added to the markets, we’ll know we’re getting nearer to a top. Today, we’re in 1997 of the bull market of our lifetimes. Tesla’s melt-up is a microcosm of this bull market. In the last 2 days RobinHood has added more than 15,000 new accounts whose first trade was to buy Tesla. The public is falling back in love with equities. This is how it begins.
UBER (UBER) reports after the close today. We like this stock very much here. This bull market features mega-cap brand name monster size co’s. See what stands out on this list of global leaders:
Company and Market Cap:
-Amazon $1 trillion
-Facebook $600 billion
-Tesla $132 billion
-Uber $62 billion
With a market cap of just $62 billion (5 x rev), Uber is the next global brand leader to go. Todays earnings really do not matter…but I expect a positive surprise in the share price regardless of the amount they lose…Uber’s discounting mechanism is already at work.
JP MORGAN CRIMINALITY IN PRECIOUS METALS MARKETS
Now we have another case proving JP Morgans LT role in the manipulation of gold/silver and likely anything else this criminal enterprise touches. You or I do this, there is no trial. Straight to jail.
Gold and Miners are absolutely ready to go. VRA Member Mark from Bama sent this over last night. GDX chart, right at lower channel line. Next move higher signals $31…what we’ve been looking for. This group has driven investors crazy for decades. When it moves, its a rocketship. And remember this; today there’s just one gold/silver miner in the S&P 500 (Newmont). If that’s not the biggest contrarian buy signal not sure what is.
And finally, we’ll leave this here for our fans of car racing…drafting 101 (use link)
Until next time, thanks again for reading…
Kip
Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/17 years.
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