Monday Takeaways: Look Who’s Buying Gold Now

Shah Gilani|March 4, 2024

The bulls are running wild…

The Wall Street Journal says Nvidia (NVDA) is getting bubblicious (my word, not theirs)…

But I’m not worried.

My approach is to ride the bull… until it stops.

Only then will I make adjustments.

That’s your key takeaway for today… but that’s not all I cover in today’s video.

It’s supposed to be a big year for acquisitions… but something keeps getting in the way.

That’s why investors should follow my advice on M&A news.

Plus… I’ve got a question for you about what’s going on with gold.

It’s all in my Monday Takeaways video.

Click on the image below to watch it.

 

Transcript

Hey, everybody, Shah Gilani with your Monday Takeaways.

Got just a few of them for you, but they’re kind of interesting to say the least. First off, of course, is a look back at last week, and what a week it was. It’s another record day on Wall Street. And the bulls are running wild. So takeaway from there is don’t look a gift horse in the mouth.

Eventually, we’re gonna see some kind of profit taking, some kind of selling, maybe a correction. That’ll be a good thing because it’ll be time to buy, but so far so good, buy the tiger, people.

Next up on that same subject, Nvidia.

Just hitting it out of the park, of course. Front-page Wall Street Journal article today, Nvidia starting to look bubblicious to some people. Is that a warning? Are people scared? Should they be scared?

Is Nvidia going to pop and with it, will the market implode? Takeaway from there is until it happens, don’t worry about it.

It’s gonna happen. There’s going to be some profit taking, some. Again, it’s going to be a “buy the dip” opportunity. I’m big on Nvidia. Stock has obviously done well, but it’s not exactly overpriced.

Not even close.

And by some of the metrics I do and calculate, it’s got a ways to go higher. So it doesn’t mean that’s gonna go to straight run. It means that when you start to see articles about Nvidia – which is now the third, I think, most valuable company in the world, so it’s another accolade for Nvidia – you’re gonna start to see front-page news articles in the financial press and also in the mainstream media. So the hype is going to make people questions what they’re doing with it. Should they maybe put stocks in? Should they maybe take profits?

That trend is your friend.

Again, last takeaway, if and when Nvidia, until we say, sells off, it’s gonna be a buying opportunity. Next, but certainly not last because I got one more after that, mergers and acquisitions.

Today, it looks like the JetBlue takeover of Spirit is off. Now, regulators are pushing back. As far as M&A goes, 2024 is supposed to be a bustling year because the last couple of years have been pretty slow. In fact, 2023, the total value of mergers and acquisitions is $533.8 billion, and that was the slowest really since 2019. So it’s been in a four-year slump, and everyone expects 2024 mergers and acquisitions to to take off.

Well, apparently, that’s not the case with JetBlue and Spirit.

Certainly not taking off, and it was a regulatory pushback.

So the takeaway there is a lot of high expectation for mergers and acquisitions, but we see already upfront in 2024 pushback from regulators and this latest basically stepping back from, in other words, JetBLue doesn’t wanna fight the regulators and, that’s telling that regulatory power such that if you’re thinking about acquiring company, you have to be ready to stand up to the regulators. 2024 is gonna be difficult. It’s gonna be more difficult, I think, as we go through the year given the presidential election. So mergers and acquisitions takeaway there is it’s not always gonna be smooth sailing.

And every acquisition that you hear about, don’t jump into it like, oh yeah, I’m gonna buy that, Target because that’s gonna go through and the stock’s gonna go up. Oh, it’s looks pretty good because the stock hasn’t gone up near to where target buyout prices. Well, I’ll catch that difference. Be careful out there, people.

Another thing on that note is NYCB. The bank absolutely imploded, and it bought assets out of the the couple of the failed banks that went on the New York Community Bank should have been in better position after it bought. So you can look at that as kind of a merger or accept it took some of the assets of of other of these failed banks and it was supposed to be stronger because of it. Well, we now see that’s not so as far as bank mergers and everyone’s expecting ton of bank mergers because how weak the banks are and some of the need to merge.

Regulators are gonna be even more on top of any of those mergers. It’s not gonna be like, oh yeah, this bank’s gonna merge with this bank because this, no. The regulator is gonna go, whoa wait a minute.

We can’t just let them get bigger because that’s gonna be better because now we saw what happened with NYCB and that was terrible mistake.

Regulators missed it. So, don’t be so sure to jump that you wanna jump into any announced bank mergers because there may be some difficulty in pushback there. So, that’s it on the takeaway front, as far as mergers and acquisitions going to be probably hopefully decent year, but I think it’s gonna be bumpy because regular we’re already seeing the EU is also pushing back, push back on Apple. So regulators, even in Europe, which and they always seem to be a little more stringent in Europe than they are in the U.S. already pushing back on certain things, as far as what companies are doing. So any mergers that are global the EU is gonna push back on those too. So keep an eye on that.

Last but not least, gold.

Bunch of stuff came up over the weekend about gold, about, globalist elites buying gold – and not my term. That’s the term used by Genesis Gold Groups.

They’re out of Beverly Hills, the CEO in an article where he was talking about, celebrities and globalist elite buying gold.

Mark Zuckerberg just bought a ton of gold, probably literally. Because it’s Mark Zuckerberg.

And and I’m I’m gonna ask you all, what do you think the takeaway is there? Why? So if everybody needs globalists and elitists and people with mega money are buying and hoarding hoarding was what the CEO called it gold.

Why? What is the takeaway there? What are they scared of? They scared of the election year? They scared of, you know, something happening.

They’re gonna retreat to their bunkers and their bunkers gonna be made out of gold. This gold is gold gonna protect them or from what’s radiation from meteor hitting us. I don’t know. So you tell me what that takeaway should be. What do you take away from that? That’s a good one. They’re buying gold.

Yeah. They got the money for it. We can bound to them on that front, and those are your takeaways for this Monday.

Cheers everybody, catch you next week.