This is the video recording of the February 2023 Mid-month Conference Call.

The stage is set for an epic rally. The catalysts are in place.

Yet messy conditions persist as we await ignition and blast off.

Regardless, we can use the current environment to find the most buoyant and promising names.

Check it out...

From the Desk of Ian Culley @IanCulley

With the dollar beginning to rise, gold and silver are coming under some selling pressure.

Nevertheless, these shiny rocks and their related mining stocks are hanging tough.

Instead of getting bent out of shape, I plan on using the recent bout of selling as an opportunity.

When markets come under pressure, it’s time to identify the most resilient names. 

Why? 

The strongest stocks will likely lead the next leg higher.

Some call it the “beachball” effect. These names tend to rip higher after sellers fail to submerge these stocks.

And I have a potential beachball of a gold mining stock I want to share with you today…

From the Desk of Kimmy Sokoloff

The $SPX was down more than 1.5% today, but it was a slow and steady grind lower.

I didn't trade much today, as I want to wait for the right setup.

When I last wrote to you, I was mired in a spiral of frustration as I grappled with understanding what went wrong with one of my strategies, what I missed that opened the door to a larger-than-expected loss, and how to move forward.

I’m happy to report that I’ve come out the other side.

The only way out is through.

That’s always been true for me, at least.

My wife can attest: up until yesterday, for a week I’d been walking around like a grumpy zombie, lost in repetitive thought, running mind simulations of hundreds of scenarios and if/then situations. 99% of the ideas were just simple regurgitations of things I tried and failed at in the past. It takes tremendous effort for me to remind myself: been there, done that.

I often waste significant time and energy rehashing old tricks I’ve employed in the past that I’d already proven don’t work as intended. Being better about journaling and reviewing said journal regularly would probably help me out with this.

What helped turn the corner for me was

From the desk of Willie Delwiche.

Dynamic Portfolio Update: Gold miners (GDX) are breaking down on a relative basis so we are selling the exposure we have there in the Tactical Opportunity Portfolio and re-deploying that capital to areas that continue to show leadership.

Coming into this week, we’ve seen more new highs than new lows every day so far this year. Improved breadth helped fuel a higher high for the S&P 500. But with the index dropping back into its December range and new highs struggling to expand, the going, for now, is getting rough.

From the Desk of Ian Culley @IanCulley

With the dollar beginning to rise, gold and silver are coming under some selling pressure.

Nevertheless, these shiny rocks and their related mining stocks are hanging tough.

Instead of getting bent out of shape, I plan on using the recent bout of selling as an opportunity.

When markets come under pressure, it’s time to identify the most resilient names. 

Why? 

The strongest stocks will likely lead the next leg higher.

Some call it the “beachball” effect. These names tend to rip higher after sellers fail to submerge these stocks.

And I have a potential beachball of a gold mining stock I want to share with you today…

First, it’s a range-bound mess for gold, silver, and platinum futures.

Here’s a look at an equal-weight index of those three metals:

We've adjusted a position in the Paid-to-Play portfolio today:

We're seeing more breakouts as the weeks go by.

And we're not talking about the kind of random pumps-and-dumps that happened throughout last year.

It's quite the opposite, actually.

Many coins have gone absolutely nowhere for quarters and are only now beginning to test the upper bounds of these long-term ranges.

Although this period has been incredibly lackluster in the number of directional trade ideas, the flipside is that many coins have had ample time to carve out long-term bases.

Like we always argue around here, we're better served by keeping it simple.

If this is truly the beginning stage of a new crypto bull market, buying resolutions out of these basing patterns will be a great strategy for the months and quarters ahead.

The largest insider transaction on today’s list was reported in a Form 4 filing by the CEO and President of PayPal Holdings $PYPL, Dan Schulman.

Schulman reported a purchase worth roughly $1.9 million.

From the Desk of Kimmy Sokoloff

We're seeing a decent gap down into the $SPX 4,050 zone. If we break this, we can see 4,020.

We have support on $SPY at 402.65.