As the ultimate value investor, when Buffett buys it’s a good signal, but what he buys is even more valuable.
After all, not all stocks and sectors go up together…
According to the most recent 13-F SEC filing, Buffet has increased his positions in energy stocks. All while selling pharmaceutical businesses.
Long energy, selling pharma – that’s a bet on inflation.
When Will Gold Glitter?
Diving deeper, one will see that not all commodities are receiving the same support.
Given the political unrest and inflationary concerns, gold should be performing well. But it is having a very tough go, as the US dollar continues to rip higher.
Gold is hovering near $1,800 per ounce and has broken below the 200-day moving average.
If the 50-day moving average crosses below the 200-day moving average, this will form the infamous “death cross”, a bearish technical pattern.
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