Exclusive Comments from Marc Chandler – Mon 31 Jul, 2017

Comments on Currencies, Gold, and A Look Ahead To Economic Data This Week

One of my new favorite guests of the show is Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. Marc joins me every Monday to look ahead at the data and key markets for the week. This week Marc and I discuss the USD which is breaking to lows not see since 2014, Gold and the possibility of a break to new highs this year, and jobs data from the US and Canada.

After listening to the interview I highly recommend visiting Marc’s free site (click here). He posts on a daily basis and it is a great way to get a handle on what is around the corner for the economy and markets.

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Comments:
  1. On July 31, 2017 at 1:21 pm,
    Silverdollar says:

    Marc certainly has some unique thoughts concerning trade unions, but I doubt if anyone will take his advice to support them on a national level. It will be interesting to see if his thoughts on the USD play out in the months ahead. Here’s hoping they don’t.
    Just noticed this article on Bloomberg. Can’t be good news for those of us who watch Uranium: https://www.bloomberg.com/news/articles/2017-07-31/scana-to-cease-construction-of-two-reactors-in-south-carolina

    • On July 31, 2017 at 1:28 pm,
      cfs says:

      China is building more than any other country and getting them online ASAP.

  2. On July 31, 2017 at 1:25 pm,
    cfs says:

    If it looks like monetization. if it smells like monetization…

    https://www.treasury.gov/press-center/press-releases/Pages/sm0138.aspx

  3. On July 31, 2017 at 2:26 pm,
    Excelsior says:

    (MXSG) Mexus releases information on current Gold Produced and the Purchase of Water Rights
    @nasdaq on July 31, 2017

    “Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) President Paul Thompson and Marco Martinez, CEO of MarMar Holdings, announced that there is substantial amount of gold in the pregnant pond and on the heap leach pad which is currently being leached. This was confirmed by Mexus geologist Cesar Lemas. Mr. Lemas’ personal assay lab shows the heap leaching solution, as of 2 weeks ago, is producing 1.5grams AU and 18grams AG per m3. In addition, he notes that the pregnant solution in the pond and heap should yield 145 oz. AU and 1700 oz. AG and the material being leached now should yield 400 to 500 oz. AU and 3000 oz. AG with good recoveries. Finally, Mr. Lemas noted that new material being placed on Pad 2 is ranging 1.5 grams to 5 grams per ton AU.

    President Paul Thompson is also pleased to announce the purchase of 48 units of water for the Santa Elena project. In addition, Mr. Thompson is in negotiations for an additional 30 units of water. The total of these transactions will provide the necessary water for the Santa Elena project for years to come. ”

    “I want our shareholders to understand that production and sale of gold is imminent. We have faced and overcome the initial hurdles and are nearing the time when production will begin full time for years to come. Both MarMar and Mexus agreed that we would hold off running our gold through the Merrill Crowe system until assured that the recoveries were acceptable. Patience in this area is prudent as we don’t want to risk the loss of any gold. I want to reiterate that production will be constant once all of the minor tweaks are made and we move to full time production,” added CEO Paul Thompson.

    https://ceo.ca/@nasdaq/mexus-releases-information-on-current-gold-produced

  4. On July 31, 2017 at 4:56 pm,
    Excelsior says:

    Portfolio Update: Last Two Weeks Action

    The Hedgeless Horseman – July 31, 2017

    http://www.thehedgelesshorseman.com/horsemans-portfolio/portfolio-update-last-two-weeks-action/

  5. On July 31, 2017 at 5:46 pm,
    Excelsior says:

    Cordoba Minerals Announces Completion of Transaction with High Power Exploration and Conversion of Subscription Receipts Issued in C$10 Million Offering

    (High Power Exploration is a Robert Friedland comany)

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/cordoba-minerals/34830-cordoba-minerals-announces-completion-of-transaction-with-high-power-exploration-and-conversion-of-subscription-receipts-issued-in-c-10-million-offering.html