The argument for continued choppiness across the board throughout July
Ed Moya, Senior Market Analysts at OANDA joins me today to outline why he thinks July will be a very choppy month for a wide range of sectors. It all comes down to Fed expectations past just one rate cut and continued uncertainty when it comes to trade. We also look at the oil market and how it reacted to the latest OPEC meeting.
off topic:
Tut tut, US Border guards, you should have called AOC the “C” word on Facebook.
No matter how much she lies in order to get attention.
oops….. omitted “not”
A Corrective move in gold lately but its taking a breather, now back over 1400 for now. Eldorado gold, EGO, finished flat at 5.79 usd. yesterday, gold was down almost 2 % . EGO has a nice upside trend at the moment, it has fallen a lot for a long time but has now reversed course and its trending upwards.
Sunday 7/7 is the Greek election and its very likely EGO is going to be one of the biggest winners if the leading party actually wins ( polls says they lead by 10%). if That happens Mitsotakis,the new Prime Minister of Greece will immediately be permitting Eldorados Skouries Mine. And that will be a game changer. The stock is responding well lately, maybe it goes up until 7/7 and hopefully it goes up after the election as well.
Today its up almost 8 % on good volume. Last 10 trading days avg trading volume is doubled.
I smell a turnaround candidate, its too early but I will take the risk, 🙂
Thanks Matthew for bringing EGO up and thanks for Richard/ Doc too. You both pointed out EGOs was good technically and ready to explode. You are the best.
I hope for 12usd usd soon and then maybe a takeover candidate when permitting is done
It looks very good, Blue. $12 should happen very easily.
https://stockcharts.com/h-sc/ui?s=EGO&p=W&yr=3&mn=11&dy=30&id=p38022448980&a=674191436
Wow! Thats a nice chart and a nice breakout above 6 usd. Hopefully it will have nice follow through the days ahead.
Think about what happens to this stock when gold goes above 1450 and stays near 1500 usd, EGO will love 1500 gold because a lot of their old problems will be solved at a slightly higher goldprice.
24/7 it will release q2 earningsreport and rumors says it will be really good one, a lot better than Q1 and maybe could produce a record revenue. Out 24/7.
Off topic:
It begins…..
Associated Press
Germany Fines Facebook $2.3 Million Under Hate Speech Law
Associated Press – 48 minutes ago
BERLIN (AP) — German authorities said Tuesday that they have imposed a 2 million-euro ($2.3 million) fine on Facebook under a law designed to combat hate speech.
The Federal Office for Justice said the social networking company had failed to meet transparency requirements for its handling of hate speech complaints.
The agency said Facebook’s report for the first half of 2018 didn’t reflect the actual number of complaints about suspected illegal content, which in Germany includes anti-Semitic insults and material designed to incite hatred against persons or groups based on their religion or ethnicity.
It said there was also incomplete information about the language skills and training of staff tasked with processing hate speech complaints.
Facebook responded that it complies with its transparency obligations under German law and “accurately and comprehensively disclosed the number of reports about unlawful content we received.”
“We are confident our published … reports are in accordance with the law but as many critics have pointed out there are a number of areas where this law lacks clarity,” the company said in a statement. “We will analyze the fine notice carefully and reserve the rights to appeal.”