Daily Market Wrap – Wed 6 Sep, 2017

Rick Ackerman – What’s ahead for copper, gold, and US markets

We wrap up the markets today with Rick Ackerman. He shares his outlook for copper, gold and US equity markets. We discuss what copper is usually telling us when heading higher but we do not see that in the global economy. As for gold Rick still wants to see some technical levels he is watching exceeded. Finally the US markets have Rick worried and he shares how he will be positioned for a pullback.

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Featuring:
Rick AckermanCory Fleck
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Comments:
  1. On September 6, 2017 at 1:55 pm,
    Silverdollar says:

    As far as China’s copper use, don’t forget the huge infrastructure needs for the new Silk Rd. Ports, Roads, Bridges, Airports, etc.
    So how you liking Florida Rick………just in time to experience Irma? Good luck to you……….

  2. On September 6, 2017 at 2:39 pm,
    Rick says:

    Thanks, SD. I’m still at the Jersey Shore — and crossing my fingers, since I’ve never even occupied the home I’m moving into.

  3. On September 6, 2017 at 3:14 pm,
    Markedtofuture says:

    Catastrophe Bond Investors Face Wipe Out As Hurricane Irma Approaches

    With Hurricane Irma expected to make landfall in Florida sometime on Sunday according to the latest NHC forecast, catastrophe bond investors are faced with a choice: sell at up to 50% off, or suffer a near certain wipe out on your investment.

    http://www.zerohedge.com/news/2017-09-06/catastrophe-bond-investors-face-wipe-out-hurricane-irma-approaches

  4. On September 6, 2017 at 3:16 pm,
    Markedtofuture says:

    Hurricane Irma Could Destroy Oil Demand

    “The two storms’ impacts on the oil market could be drastically different… Irma’s effects on the energy sector would be felt pretty much only on the demand side of the equation. Florida has little to no supply-side infrastructure – negligible levels of oil production and refining capacity. ”

    http://www.zerohedge.com/news/2017-09-06/hurricane-irma-could-destroy-oil-demand

  5. On September 6, 2017 at 5:00 pm,
    CFS says:

    Markedtofuture, Really?
    I doubt if Nick Cunningham knows much more about oil demand after a hurricane than Richie Cunningham.
    The author of that zerohedge piece is a tree-hugger living in Vermont.
    Have you ever suffered wetness from a storm……there’s lots of energy used to dry things out. So any loss of demand from bunkering down will soon be gained from cleaning up and drying out.

  6. On September 6, 2017 at 5:07 pm,
    Wolfster says:

    In case you missed these 2 Ex.First is on golden valley second is news from abitibi royalties. Note the update on east Malartic.
    http://www.metalsnews.com/t1176015i
    http://abitibiroyalties.com/news/2017/september5/

  7. On September 6, 2017 at 5:23 pm,
    CFS says:
  8. On September 6, 2017 at 5:38 pm,
    CFS says:
  9. On September 6, 2017 at 5:40 pm,
    CFS says:

    Brother John knows little about cryptos.

  10. On September 6, 2017 at 6:38 pm,
    Markedtofuture says:

    Zuckerberg “Admits” Facebook Conspired With Russians To Tank Hillary’s Campaign

    Apparently, after digging through advertising data for the better part of full year now, Facebook felt compelled to let us know that they found a ‘staggering’ $50,000 worth of ad buys that ‘MAY’ have been purchased by Russian-linked accounts to run ‘potentially politically related’ ads. No really, Facebook, a $500 billion company, actually thinks that $50,000 worth of ad revenue is news and quite literally could have changed the course of American history.

    http://www.zerohedge.com/news/2017-09-06/zuckerberg-admits-facebook-conspired-russians-tank-hillarys-campaign

  11. On September 6, 2017 at 6:59 pm,
    CFS says:
  12. On September 6, 2017 at 7:24 pm,
    CFS says:

    IN THE LAST 37 TRADING DAYS: GLD ADDS 9.02 TONNES WITH GOLD HIGHER BY $100.75 .

  13. On September 6, 2017 at 9:17 pm,
    Skeeta says:

    When Rick A gives out those very precise gold targets of his,
    Does he mean gold needs to close the day above the target price?
    Or just trade above the target intraday?
    Cheers.

    • On September 6, 2017 at 10:32 pm,
      Matthew says:

      Skeeta, Rick’s numbers have nothing to do with closing prices.

      • On September 6, 2017 at 10:45 pm,
        Skeeta says:

        Thanks for clarifying that for me Matthew,
        Cheers.

  14. On September 7, 2017 at 5:32 am,
    OOTB Jerry says:

    1353.10………..1349.70……..I am with Rick…..I want to see it happen , before getting excited.

    • On September 7, 2017 at 6:31 am,
      bonzo barzini says:

      I don’t care what gold does. I’m excited about NSRPF’s Wits2.
      KL now owns 18% of Novo and one day may try to take over the whole shebang. What were the fools at NEM thinking, giving up 9.9% of Nova @ $1.20 (US) a share?