Welcome to a new week! I hope you had a nice Mother’s Day weekend.
My family and I certainly did. We went for a walk on the beach and enjoyed one another’s company.
But about the markets…
Lately, we’ve seen a major disconnect between the economy and the stock market.
Take a look at how the Nasdaq index has recovered:
Nasdaq: Flat for the Year
Many of the sectors we focus on, including cannabis and miners, have bottomed.
The Toronto Stock Exchange and the Toronto Venture Exchange are rallying as well.
On April 30, we added Calibre Mining Corp. (Toronto: CXB) to the Front Line Profits portfolio. It’s already up by double digits!
My focus this week is twofold:
- The U.S. dollar: Its strength is keeping a lid on metals prices. But I’m keeping an eye on gold, copper and silver prices. I think their breakout is coming.
If you haven’t invested yet in these mining stocks — or if you haven’t bought gold and silver — you still have time. You need a hedge in case inflation begins to break out.
That’s a short-term guarantee.
- My other focus is on food supply disruptions, including crops and meats. Corporate farms and meat plants are having a hard time finding employees right now.
I spoke to my local butcher about this.
For the full story, click the image below to check out my seven-minute video now.
I’ll reach back out with the weekly podcast tomorrow.
If you have any questions for the mailbag, email my team and me at frontline@banyanhill.com.
We’ve got this,
Matt Badiali, Editor
Front Line Profits
