Exclusive KE Report Commentary – Mon 13 Jan, 2020

What does the crazy start for US markets, the USD, and gold mean for investors?

Peter Hanks, Analyst at DailyFX joins me to share his thoughts on the crazy start to 2020 for US markets, the US dollar, and gold. We discuss the major drivers, outside of the geopolitical issues, and how such aspects like the Fed and trade will remain key throughout 2020.

Click here to visit the DailyFX website and follow along with what Peter is writing about.


Comments:
  1. On January 13, 2020 at 3:38 pm,
    markedtofuture says:

    IG Report Bombshell: Did The FBI And DOJ Ask Putin’s Buddy To Help Get Trump?

    A previously unnoticed passage in Inspector General Michael Horowitz’s report on federal surveillance abuse suggests Bruce Ohr and his compatriots were willing to bargain with a Russian oligarch to take down Donald Trump.

    https://thefederalist.com/2020/01/13/ig-report-bombshell-did-the-fbi-and-doj-ask-putins-buddy-to-help-get-trump/

  2. On January 13, 2020 at 4:17 pm,
    OOTB Jerry says:

    Gregg M………says the Fed has bought $6 TRILLION in 6 months….of stocks…..
    the Market is RIGGED…..and going higher….Bubble TIme….
    Support….lol

  3. On January 13, 2020 at 6:18 pm,
    Excelsior says:
    • On January 13, 2020 at 6:19 pm,
      Excelsior says:

      Which ones will be the hot commodities in 2020?

      • On January 13, 2020 at 8:17 pm,
        Wolfster says:

        Copper…….and especially Excelsior…..nice breakout

        • On January 13, 2020 at 9:06 pm,
          Excelsior says:

          Yes it was a nice breakout in COPX as an overall theme, and MIN did quite well.

          Copper should have a peppier year…

  4. On January 13, 2020 at 6:20 pm,
    Excelsior says:

    > Goliath Exploration Program Intersects 10.1 g/t Au over 4.0 m and 14.8 g/t Au over 7.0 m at Main and C Zones

    January 13, 2020

    https://treasurymetals.com/news/goliath-exploration-program-intersects-10-1-g-t-au-122698/

  5. On January 13, 2020 at 6:50 pm,
    Excelsior says:

    It was pretty rough day in the Gold & Silver miners with the vast majority trending down or flat on the day, and the PMs hadn’t really pulled back much.

    Now Gold and Silver are getting whacked in overseas trading.

    We knew that after such a big run on the geopolitical news, that the metals would pull back and take a breather, but it will be interesting to see if the selling exhausts itself over the balance of this week, or if this turns into a more prolonged downturn for Jan as some commentators forecast.

    Looks like I’m going to have to start deploying my remaining dry powder soon…

  6. On January 13, 2020 at 7:22 pm,
    Excelsior says:

    PolyMet reviewing options after Minnesota Court of Appeals decision

    by @businesswire on 13 Jan 2020

    Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp. (POM) (PLM), released the following statement regarding today’s Minnesota Court of Appeals decision remanding the Permit to Mine and dam safety permits back to the Department of Natural Resources for a contested case hearing:

    “We obviously are disappointed in the court’s decision. The administrative record for the NorthMet Project is built on a comprehensive process of scientific study, analysis and public review and comment established in state law, which we participated in for 15 years. We and the regulatory agencies have strictly followed that process. We are reviewing the decision and exploring all of our options, including filing a petition for review to the Minnesota Supreme Court.”

    https://ceo.ca/@businesswire/polymet-reviewing-options-after-minnesota-court-of

    • On January 13, 2020 at 7:25 pm,
      Excelsior says:

      Just when it seemed that Polymet had all their ducks in a row, it appears that they have had their permits stalled once again.

      People say North America is a safe jurisdiction and cringe at other jurisdictions like Fiji, Papau New Guinea, or West Africa, but they don’t take 15 years to get a project permitted. Apparently Minnesota is one of the riskiest jurisdictions 😉

      • On January 13, 2020 at 7:29 pm,
        Excelsior says:

        Polymet down 34% today on this news. Yikes!

      • On January 14, 2020 at 5:13 am,
        OOTB Jerry says:

        HA>>>
        but they don’t take 15 years to get a project permitted. Apparently Minnesota is one of the riskiest jurisdictions 😉

        • On January 14, 2020 at 1:55 pm,
          Canucksi says:

          For a year, I had subscribed to McCoach and he was pushing this stock amongst others, saying that it had gotten through all of the hoops re permits, so it would blast anytime. So, I went into it. That was years ago, and here I am still holding onto the position.

  7. On January 14, 2020 at 5:42 am,
    OOTB Jerry says:

    Just a heads up……….on the Market……..
    https://www.zerohedge.com/markets/global-market-meltup-fizzles-ahead-us-china-trade-deal
    Back to yesterday and the risk-on mood supported both the S&P 500 (+0.70%) and the NASDAQ (+1.04%) up to fresh records with the semiconductor and NYSE FANG indices also gaining +1.31% and +2.27% respectively, although Europe was somewhat more subdued, with the STOXX 600 down -0.18%. Ahead of US Q4 reporting that starts in earnest today, its interesting to feel the positive momentum and sentiment we’re seeing so far this year. On this, our US asset allocation team have put out a report suggesting that positioning in US equities is now in the 96th percentile. This covers systematic (near maximum allocation) and discretionary investors (highest since October 2018 and quite near the top of the historic range). In terms of market pricing they believe the market is already well ahead of the fundamentals. So a word of caution from a team that been extraordinarily bullish on US equities over the last decade.

  8. On January 14, 2020 at 5:55 am,
    OOTB Jerry says:

    GDX………….
    https://www.zerohedge.com/news/2020-01-13/gold-miners-double-topping-similar-2013-important-breakout-test-play
    GDX is now testing the highs of 100-days ago again at (2), as well as falling resistance.

    It double topped at this level back in 2013, then it proceeded to decline over 50% in the next couple of years.

    Is it double topping again?

    • On January 14, 2020 at 5:59 am,
      OOTB Jerry says:

      Comment is from the article………..since I have been gone, I might be a little behind.
      And I am sure the above has been covered.
      So, I am looking for a thought on the above…………..Thanks…….