Exclusive Comments from Marc Chandler – Fri 29 Nov, 2019
Economic Data and Important Meetings To Watch For Next Week
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to look ahead to the economic data and and key meetings to watch for next week. While these events might not be market moving they will shed some more light on the trend of slowing economies around the world and the continued tensions not just between the US and other countries but also within some countries themselves.
Comments:
Live Charts
Excelsior says:
Wow! I took a long turkey-induced nap during normal trading hours and just realized my $HRT Harte Gold position was really trekking higher today. It has been ridiculously oversold, so a re-rating higher was in order, and they are gradually getting the kinks worked out on their #Gold #production metrics.
My plan was to add one more tranche in the $.11-$.13 area, but it took off like a scalded cat while I was taking a long cat nap. Looks like I’ll have to average up during December now. Gotta love the volatility of the Junior mining sector. Ever Upward!
Excelsior says:
Harte Gold Corp. (HRT.TO)
$0.1900 up +$0.0550 (+40.74% daily gain)
Excelsior says:
I wonder if the talking bobble heads on financial shows and general investors, that mock the precious metals sector regularly, had gains like that today from buying the S&P index funds? 😉
Fritz Bender says:
Yes sir that it why I jumped in to this. It is all I trade, just mining stocks but thought about agriculture.
Excelsior says:
Agreed Fritz Bender. The volatility in the resource sector is fantastic for swing trading, for those that have the stomach for it, and one stock can have more action in a day or week than the general market indexes do all year long.
May your investing be prosperous as we close up 2019 and head into 2020.
Dick Tracy says:
DARN IT. I missed Harte Gold, I was watching it this morning when the volume started to pick up, but Black Friday interrupted my day. You snooze, you looze! LOL! DT
Dick Tracy says:
I was also watching Melkior Resources (MKR) for a trade, considering The US markets were closed yesterday and at 1 pm.today, next week may prove to be interesting.DT
Excelsior says:
Hmmm – I’ll check out Melkior DT. Never heard of it. Thanks.
Excelsior says:
DT – There is still plenty of upside left in (HRT) Harte Gold for the medium term, as this was just the initial wake up call bell ringing.
By the way…. Did you pick up any great bargains on Black Friday?
I personally, just don’t like being part of the spectacle and throwing elbows with all the other rabid deal-hunting crazed shoppers to save 10-15% off their jacked up price points.
______________________________________
Black Friday – SNL
https://youtu.be/iB5hYK0-__k
Dick Tracy says:
Hi Ex, line ups remind me of the 1930’s, is it a bread or bank line. I have not gone out shopping on Black Friday for many, many years. (maybe 20). There were almost no shoppers in the store on B.F.. It was a busted flush for me, I only ended up buying a snow shovel. (Fabrique’ Au Chine) LOL! DT
Matthew says:
Based on closing prices, GDXJ has broken out of its downtrend…
https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=0&id=p52869327158&a=703348569
Matthew says:
GDXJ also just gave us a bullish outside week after testing 233 week EMA support for 2.5 weeks. Take a look at the significance of that EMA in 2016 and notice how improved the moving averages are (greatly narrowed; getting in bullish order and pointing up)…
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=5&mn=0&dy=0&id=p01123794633
Excelsior says:
The 13, 21, 34 week EMAs spiked up in 2016 but then rolled over quickly at the top heading right back down; where as, here in 2019 they spiked up but then flattened at the top moving more sideways.
The miners have held onto more of their gains this round, building a base to build off of moving into next year. Any more short term weakness should be accumulated.
Matthew says:
Two of those three EMAs have also crossed above the 233 week EMA. They didn’t come close to doing so in 2016. If we zoom-in, we can see that they are pointing up, too…
https://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=2&mn=0&dy=0&id=p37071995259
cfs says:
https://thepatriotwatchdog.com/huge-bombshell-new-documents-reveal-millions-funneled-to-hunter-biden-and-the-john-kerry-family/
The beat goes on.
cfs says:
Guilt by association….
https://www.statedepartmentwatch.org/2019/11/28/hunter-bidens-new-baby-is-with-a-stripper-from-a-dc-strip-club-he-frequented/
and DNA proves it.
cfs says:
After years of Polish jokes:
https://www.bullionstar.com/blogs/ronan-manly/polish-central-bank-airlifts-8000-gold-bars-100-tonnes-from-london-to-warsaw/
This is not a joke.
cfs says:
https://www.jihadwatch.org/2019/11/uk-london-bridge-knife-attacker-known-to-cops-wore-electronic-tag-had-links-to-jihad-terror-groups
cfs says:
LONDON (AP) — The Latest on an incident in London Bridge (all times local): 10:50 p.m. British media citing security sources reported that the attacker who fatally stabbed two people in London was an ex-prisoner with links to Islamic extremist groups.
I congratulate the police that saved the cost of a trial and imprisonment.
cfs says:
https://www.jihadwatch.org/2019/11/brooklyn-muslim-encourages-inflicting-harm-on-non-muslims-with-bombs-and-knives-in-nyc-subways
cfs says:
Ira’s Metals
https://youtu.be/0MawJ6HpC0A?t=13
johnnygeneric says:
Very interesting interview!