April 15, 2020. Gold is down a little today but we still anticipate big gains in the upcoming months. Below is an article we saw this morning. LINK Gold is at 1747 and we will be ADDING to gold if it drops to around 1700. Our rather large GDX position is up a very nice 19%. (We still think SPY could go down a couple hundred points in the near future–down 73 today.)
Gold is on a tear this month.
The precious metal is up 11% in April, its best month since 2011, and has reached levels not seen in nearly eight years.
Bill Baruch, president of Blue Line Capital, says its technical setup suggests even more upside.
“I love gold, and you need some in your portfolio,” Baruch said Tuesday on CNBC’s “Trading Nation.” The charts show “an inverse head and shoulders pattern — a beautiful technical pattern that played out through March into April and we’re now breaking out above. It broke out above it.”
Facebook spends FORTUNE on protection and air travel:
Here’s a brief summary of the new filing’s highlights:
- Mark Zuckerberg’s annual salary remains just $1 but Facebook (NASDAQ:FB) spent $23.4M on his security and private air travel in 2019, at least $3M more than the company spent for the services in 2018, according to an SEC filing published on Friday.
- COO Sheryl Sandberg took home ~$875K in base pay last year, up from $843K the previous year, and she received a bonus of more than $902K, up from $638K in 2018, and $19.6M in stock awards, vs. $18.4M in stock awards in 2018.
- Sandberg’s personal security cost $4.37M in 2019, up from $2.9M in 2018, and her use of private aircraft cost Facebook $1.3M in 2019 vs. $908K in 2018.