Biotech Bull, Energy Bull, and the Case for Gold

Today's Trade: Sold just half of BIB at $46.30, midpoint of morning range after alert.

I didn't know the Biotech index would explode higher today, or that the overall market would do so well, or I would have waited a bit on the Sell Alert.

That's why I am only taking a profit exit based on the range before noon. If you hung out longer and enjoyed the success above $48, congrats!

At least we can feel comfortable letting the other half ride for whatever this resurgent Bio Bull delivers!

My profile:

Biotech 2x bull

BIB

Long

6.24%

3/23/16

39.30

48.92

24.48%

Yes, ~24% profit in a single day!

The Bull Case for Gold

Today, I came across a bull case for gold that made sense to me.

Here’s the very plausible thesis: real negative interest rates globally make gold a very valid asset allocation choice for many investment institutions and so many are accumulating now. Others, and retail investors, will follow.

So even though I don't believe gold should have the relevance it did even 5 years ago when everyone was worried about run-away inflation from QE, I can see the case where there is a trade because there is meaningful institutional positioning "just in case" the Federal Reserve should really screw the new regime of fiat banking and economic cycle management.

I still think gold should test the $1140-60 area to make a solid base for the next bull market.

I just want you to have what I think is an important viewpoint to make your own decisions about gold over the next 3-12 months.

The logic comes from a reputable precious metals investor, Frank Holmes of US Global Investors

Gold Had Its Best Quarter in a Generation. So Where Are the Investors?

So if you follow me, then buy Gold ETF or gold miner ETF in any dips.