General Market Commentary – Fri 17 Jan, 2020

Why are there so many short squeezes taking place now in the market?

TG Waltkins, Director of Stocks at Simpler Trading joins me to outline a number of stocks that are experiencing short squeeze pops currently. With how far the markets have run over the past year and just over the past 4 months we discuss the why these shorts are getting squeezed now.

Click here to visit the Simpler Trading website and follow along with TG and his trading.

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  1. On January 17, 2020 at 7:23 am,
    Dick Tracy says:

    Palladium is up $187, to $2420 US, That is crazy! DT

    • On January 17, 2020 at 8:15 am,
      OOTB Jerry says:

      Ditto…….palladium caught a little bid the other day of $38, ….but, should be getting a better bid considering palladium…..JMO

      • On January 17, 2020 at 8:19 am,
        OOTB Jerry says:

        I meant to say platinum…..sorry…..

        • On January 17, 2020 at 9:24 pm,
          Excelsior says:

          I agree that Platinum has some catching up to do with Palladium, but things will balance out over time.

    • On January 17, 2020 at 1:04 pm,
      4 oz says:

      Palladium is a lot tougher to naked short sell ……

      • On January 17, 2020 at 4:48 pm,
        OOTB Jerry says:

        You are a brave person, if , you can naked short …….jmo

    • On January 17, 2020 at 9:19 pm,
      Excelsior says:

      Yes! It was a pretty epic day in the PGM sector today, after already having a solid week. Some of the more widely discussed stocks were up double digits again, which puts a little fun back in this tiny sector. My positions PLG, PGE, and JLP.L have had a great week, but today was the icing on the cake.

      #Platinum & #Palladium stocks – Change % on the day

      PLG Platinum Group Metals Ltd. +35.90%
      NAM.V New Age Metals Inc. +25.00%
      XTM.V Transition Metals Corp. +25.00%
      PGE.V Group Ten Metals Inc. +20.00%
      NCP.TO Nickel Creek Platinum Corp. +17.65%
      GENM.CN Generation Mining Limited +16.33%
      BULL.CN Canadian Palladium Resources Inc. +10.71%
      PDM.V Palladium One Mining Inc. +10.53%
      SBGL Sibanye Gold Limited +9.31%
      ARV.AX Artemis Resources Limited +3.85%
      NILSY Norilsk Nickel +3.58%
      PAN.AX Panoramic Resources Limited +3.33%
      IMPUY Impala Platinum Holdings Limited +3.31%
      IVN.TO Ivanhoe Mines Ltd. +3.07%
      JLP.L Jubilee Metals Group PLC +2.98%
      PLM PolyMet Mining Corp. +2.10%
      ELR.TO Eastern Platinum Limited +1.52%
      SLP.L Sylvania Platinum Limited +1.05%

      • On January 17, 2020 at 9:26 pm,
        Excelsior says:

        Group Ten Metals Inc. (TSXV: PGE)

        Hunting for Platreefs in a 5-Star Neighborhood

        January 16, 2020 – Red Cloud Securities – Jacob Willoughby | VP, Research

        “We are initiating coverage on Group Ten Metals. The company holds
        the second biggest land package in the prolific Stillwater Igneous
        Complex of southern Montana, undoubtedly the best jurisdiction to
        be in for PGM exploration and development. Group Ten is well funded
        as it recently closed oversubscribed private placement financings that
        added Sprott Asset Management and Goldspot Discoveries to its share

        “The outlook for PGMs (palladium in particular) is stronger than
        ever with the price of palladium having outperformed all other precious
        metals in 2019. The recent acquisition of North American Palladium by
        Impala Platinum underscores the need for renewed investment in the
        space. Group Ten is our favourite PGM explorer in the public domain and
        we expect big things from this currently small company going forward.
        We believe its Stillwater West properties have great potential to host
        large scale, near surface Platreef-style (PGM-Ni-Cu) mineralization.”

  2. On January 17, 2020 at 8:18 am,
    OOTB Jerry says:

    Ditto…….platinum caught a little bid the other day of $38, ….but, should be getting a better bid considering palladium…..JMO

    • On January 17, 2020 at 9:26 am,
      OOTB Jerry says:

      waste of time reading anything by MSN………..

      • On January 18, 2020 at 9:47 am,
        JMiller says:

        I could say the same about many ALT media sites.