Daily Market Wrap – Mon 9 Jan, 2017

US Market, Crude and Gold outlook

For today’s market wrap I focus on three sectors; US stock markets, crude oil and gold. For anyone in the Vancouver area who would like to attend the Cambridge House Show on January 22 and 23 click the link below and swing by my booth to say hi!

http://cambridgehouse.com/event/54/vancouver-resource-investment-conference-2017

Click download link to listen on this device: Download Show


Featuring:
Cory Fleck
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Comments:
  1. On January 9, 2017 at 2:03 pm,
    CFS says:

    Experts: NY Can Absorb Closing Of Indian Point Nuke Plant
    By DAVID KLEPPER and FRANK ELTMAN – Associated Press – 44 minutes ago
    ALBANY, N.Y. (AP) — A plan to close the aging Indian Point nuclear power plant by 2021 removes a long-held fear of an accident occurring miles from the nation’s most populous city.

    Although the plant provides about a quarter of the electricity in New York City and suburban Westchester County, experts agree that taking he plant offline should have a negligible long-term impact on supply. Whether electric rates climb as a result remains an open question.

    “It’s hard to know how likely it will impact rates, because terms of the shutdown haven’t been laid out in any detail yet,” said Peter Bradford, a former chairman of the state’s Public Service Commission.

    Gov. Andrew Cuomo said Monday the state will be able to make up for lost electricity generation after announcing a deal with plant owner Entergy Corp. to close the facility in five years.

  2. On January 9, 2017 at 2:19 pm,
    CFS says:
  3. On January 9, 2017 at 2:40 pm,
    CFS says:

    Globalism and the socialist agenda in the US discussed:

    https://www.youtube.com/watch?v=AZN7Jv-3uvk

  4. On January 9, 2017 at 2:58 pm,
    Ugly but proud says:

    CORY. SOME OF THE URANIUM STOCKS HAVE BEEN ON THE MOVE. WITH HEAVY VOLUME. UEC, UUUU ,NEXGEN. ETC… LET’S ALSO PAY ATTENTION TO URANIUM ALONG WITH GOLD

  5. On January 9, 2017 at 3:30 pm,
    CFS says:

    Cory and Big Al, this s an important discussion of immigration, Europe and socialism:

    https://www.youtube.com/watch?v=AZN7Jv-3uvk

    Big Al, Food for thought and your Christian discussion group.

  6. On January 9, 2017 at 4:04 pm,
    wolfster says:

    CFS.Sorry couldn’t find that bnn show but the biotech top picks were ACAD PTLA NBIX.

    • On January 9, 2017 at 6:57 pm,
      CFS says:

      Thanks Wolfster, they all have various buy recommendations.
      NBIX probably has the most Analyst recommendations.

      Blackrock just invested $15 Million in it.
      Neurocrine Biosciences Inc, a California corporation was incorporated in January 1992 and was reincorporated in Delaware in May 1996. The Company discovers, develops and commercializes drugs for the treatment of neurological and endocrine-related diseases and disorders. Its product candidates address pharmaceutical markets internationally, including insomnia, anxiety, depression, various female and male health disorders, multiple sclerosis, diabetes and other neurological and endocrine related diseases and disorders. The Company’s two late-stage clinical programs are elagolix, a GnRH antagonist in Phase III development for endometriosis and Phase II clinical studies of uterine fibroids that is partnered with AbbVie, and a wholly owned VMAT2 inhibitor for the treatment of movement disorders that is currently in Phase II development. Its clinical development program, elagolix, is a drug candidate for the treatment of endometriosis and uterine fibroids. The Company faces competition from biotechnology and pharmaceutical companies, research institutions, government agencies and academic institutions.

      • On January 10, 2017 at 3:44 am,
        wolfster says:

        Yes it was the top pick in this case too I believe and it was early April that results were to be coming out.This program dealt specifically with take out candidates which this private fund specialized in.Had a good past record regarding its picks being taken out.

  7. On January 9, 2017 at 4:22 pm,
    CFS says:

    Oil:
    The US sells 8 million barrels from strategic reserve.
    Nigeria breaks quota
    and it appears Kuwait will continue to increase production.

    No wonder oil took a dip today!

  8. On January 9, 2017 at 4:25 pm,
    CFS says:

    The unemployment rate in Italy rose to 11.9% even though the consensus was 11.6%.
    Italy generated 19,000 more jobs but the huge influx of migrants caused the rise in joblessness.
    Most seriously the youth unemployment skyrockets to 39.4% .

  9. On January 9, 2017 at 5:10 pm,
    CFS says:

    Ron Paul’s Liberty Broadcast Today:

    https://www.youtube.com/watch?v=FhPMnDd0rmY

  10. On January 9, 2017 at 6:31 pm,
    CFS says:

    SGE is Gold at $1198.45. so there’s a chance for > $1200 tomorrow.

    Slowly up gives longer term higher values, before consolidation.

  11. On January 9, 2017 at 6:53 pm,
    Dick Tracy says:

    What would be the smartest move for all those other currencies getting Trumped by The US dollar, there is no answer other than for their countries to buy GOLD. Gold is for real, The US dollar is monopoly money and if it’s hurting your currency sell your US dollar holdings and buy gold. Gold will always and ultimately hold it’s value, the almighty dollar is dust in the wind. DT

    • On January 10, 2017 at 4:57 am,
      OOTB Jerry says:

      profound………… 🙂

  12. On January 10, 2017 at 4:55 am,
    OOTB Jerry says:

    10 Days and …………bye, bye …..Big Zero

  13. On January 10, 2017 at 6:03 am,
    CFS says:
  14. On January 10, 2017 at 6:55 am,
    CFS says:

    Novo’s Beatons bulk sampling returns 1.88 g/t Au

    2017-01-10 09:28 ET – News Release

    Mr. Quinton Hennigh reports

    NOVO SEES INCREASED GRADES FROM BULK SAMPLE AT BEATONS CREEK

    Novo Resources Corp. has provided results from bulk sample processing at its 100-per-cent-controlled Beatons Creek gold project, Western Australia. In 2016, Novo extracted approximately 30,000 tonnes of mineralized conglomerate in order to provide refined data concerning mining techniques, costs, methods of grade control, mining dilution and grade reconciliation, information critical to help the Company complete its preliminary economic assessment ( please see the Company’s news release dated September 6, 2016 for further details ). A nearby diagram ( Figure 1, below ) describes the geology of the gold deposit and steps Novo has taken to drill/trench, model, estimate, and sample the deposit.

  15. On January 10, 2017 at 7:02 am,
    CFS says:
  16. On January 10, 2017 at 7:04 am,
    CFS says:
    • On January 10, 2017 at 10:56 am,
      GH says:

      Wow!

      That’s the power of tech stocks. But investing in them is highly knowledge intensive. So easy to get slaughtered by them.