Wrapping up the market moves today, and a comment on Brexit

February 3, 2020

Chris Temple wraps up the market today with his thoughts on the bounce in US markets, action in the bond market, and the move higher in the USD. We also touch on Brexit with what to watch for next coming out of the UK.

Click here to visit Chris’s site and follow along with his market comments.

    Feb 03, 2020 03:12 PM

    Hopefully, if Boris does not cave to deadwood Tories, a Hard Brexit (under WTO rules) will occur at the end of the year.
    Then will follow serious problems with Spanish fishing in UK waters, because although the EU thinks they can keep their current fisheries policy, I don’t believe the Brits will allow continentals to keep cheating and deplete the stock. The waters have been so over-fished it will take possibly 20 years of light fishing to bring back the fish stock.
    The Brits will start negotiating meat and dairy products with Australia and New Zealand.
    As long as the EU supports very inefficient French farming, it will still be cheaper to import food from the other end of the world than across the channel.
    The Achilles heal of the UK is the fact that London Banking accounts for about 10% of GDP. The EU can regulate that out of existence.

      Feb 03, 2020 03:33 PM

      I agree with 99% of what CFS has to say. Although, on banking, being an ex-banker, I would say that the EU can try and regulate London banking out of the EU and may be partially successful in that but London banking is not all about the EU so London banking would survive and may even thrive if it doesn’t have to comply with EU regs

        Feb 03, 2020 03:43 PM

        You are perfectly correct,Nigel.

        I expect Frankfort to take most of EU business away, but new banking business with the Commonwealth, which has the potential to grow faster as emerging market anyway should make up for the losses within a few years.

    Feb 03, 2020 03:22 PM

    As long as Greece can borrow this cheaply, there is no reason for it to leave the EU.

    Feb 03, 2020 03:34 PM

    Theresa May was a disaster for the UK economy, but that also means the turnaround could be dramatic

    Feb 03, 2020 03:32 PM

    Vouchers, school choice ?

    Getting unions out of education would help.

    Feb 03, 2020 03:59 PM

    Gaining traction – our $100M-plus market cap junior exploration company shortlist

    February 2, 2020 – Greg Nolan


    Feb 03, 2020 03:24 PM

    Eric Sprott Announces Investment in Balmoral Resources Ltd. (BAR) (BALMF)

    @newsfile on 3 Feb 2020

    “Mr. Sprott now beneficially owns and controls 16,130,353 shares and 2,941,176 warrants (representing approximately 9.1% on a non-diluted basis and 10.54% on a partially diluted basis assuming exercise of such warrants).”