The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here . There are no changes to the model portfolio or the buy ratings this week, however, there is new commentary on the bearish arguments against gold and some thoughts on the next round of covered call sales in the following discussion topics:
- The Arguments for the Precious Metals Bull Market Already Being Over
- A Quick Note About Covered Call Sales
The executive summary is as follows:
Amid mostly positive economic reports in the U.S., equity markets threatened all-time highs but came up short of new records as investors remain unfazed by the sequester spending cuts that went into effect on Friday. Fed Chief Ben Bernanke promised to keep monetary policy easy in the U.S. while, in Europe, turmoil following inconclusive elections in Italy may result in a new phase of the sovereign debt crisis there and, as a result, the trade-weighted dollar surged.
A stronger dollar pressured commodity prices and related shares as the natural resource sector looks to rebound in March after closing out a dismal month of February with a fourth straight week of losses. REITs saw only modest declines, however, lower prices for gold, silver, and mining stocks pushed these positions further into negative territory for the year as the model portfolio fell 0.6 percent, now down 6.7 percent so far in 2013.
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via Iacono Research http://iaconoresearch.com/2013/03/03/the-weekend-update-is-now-available-49/
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