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        Hi everybody, I’m Ted
Dixon
        with the INK preview for
        the week of June 20th: As
        the Fed embarks on its
mission to right
        its old wrongs of letting
        easy money flow for too
long,
        we suggest in
        our Top 20 Mining and
Crypto report for
        June that gold stocks
        may be one of the few
places for
        equity investors to hide
        over the next few months.
        The Fed is on track to
        move its overnight rate up
to
        2% in its July meeting.
        The last time they did
        that back in September
2018,
        gold investors sensed
something
        bad was about to happen.
        Something bad did happen
        a year later when the repo
market broke.
        Meanwhile, since
        that September 2018 rate
hike,
        gold and gold producers
started
        a multi-year period of
outperforming
        the S&P 500 as seen by
Barrick in gold in
        the chart outperforming
        the S&P 500 ETF in red.
        The September 2018
experience is relevant,
        as not only is the Fed
        engaging in similar policy
behaviour now,
        but it has already started
to break things.
        According to Mark Yusko
        the mortgage back
securities market
        is already showing signs
of stress.
        You can listen to what he
and
        Dan Tapiero have to say
about
        markets on the weekly on
        the Margin podcast
available
        on Canadian Insider.
        Meanwhile the INK Canadian
Insider Index
        closed last week at
1,982.5,
        that’s 17.3% off its June
8th all-time high.
        The 2,000 level has been
        a key support are for the
INK CIN Index.
        We will have to see if it
manages to provide
        the base for at least a
short-term rally
        in the days ahead.
        Currently, our INK
Indicator is at
        206% a two year high
meaning
        there are more than two
stocks with
        key insider buying
        for every one with
selling.
        If the indicator starts to
head down here,
        we will a signal that
        Friday's close represents
        a key support level and
the Index
        may be able to dodge the
bear market bullet.
        However, this remains to
be
        seen and more drawdowns
cannot be ruled out.
        Over the medium term of
more than one year,
        the high level of insider
buying
        in the Canadian market
suggests
        that the resource rally
remains intact.
        We expect commodities will
        be stronger for longer.
        For more our take on
        the big jump in Canadian
insider sentiment,
        make sure to download our
INK market report
        available for members on
under this video.
        Well thanks for stopping
as we let
        the insiders guide us to
        opportunity even in
difficult markets.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.