Ed Moya - Senior Market Analyst at OANDA – Tue 31 Mar, 2020

A sense of calm for the markets, a new Fed repo facility, and Russia slowing their gold buying

Ed Moya joins me to discuss the decrease in volatility and general rebound for US markets. Even though there is a lot of bad news still released everyday the markets are more shrugging off this news than reacting the downside.

The Fed also introduced a new repo facility for foreign central banks. This could ease some of the volatility in the dollar. Also we touch on the gold market and an announcement by Russia regarding their buying plans.

Click here to visit the OANDA website and follow along with what Ed is writing.


Comments:
  1. On March 31, 2020 at 9:49 am,
    Excelsior says:

    Mines Shutting Down, COMEX to Settle in Cash? | Rick Rule

    Finance And Liberty – March 30, 2020 #VIDEO

    “The virus pandemic is not only ravaging our personal lives, but also impacting business globally, causing many mines to cease operations. At the same time, crisis financial interventions are motivating even “Reluctant Preppers” to seek shelter for their funds in precious metals, resulting in a demand spike which is cleaning out the supply chain of physical gold & silver.”

    “Rick Rule, CEO of Sprott Asset Management, returns to Liberty and Finance / Reluctant Preppers to answer viewer’s questions at this time of a “Black Swan” event colliding with the top of the credit cycle and unprecedented volatility in the major markets and precious metals.”

    https://www.youtube.com/watch?v=4yIkPqzbbcs&feature=youtu.be

    • On March 31, 2020 at 10:08 am,
      b says:

      Insider Reveals Stress Of The Precious Metals Market | It’s Gonna Be A Rough Summer!

      https://youtu.be/3er8uS5itDM

      @sgt report

      This fellow has an interesting thought, the silver market could become flooded with phyzz as unemployed people have no choice but to sell at these prices.

      • On March 31, 2020 at 10:25 am,
        Big Al says:

        And that, b, is true when the reference to supply is unemployed people.

      • On March 31, 2020 at 12:14 pm,
        Marty says:

        This PM broker has been in the business < 3 years . I don’t suspect those holding precious metals ( old folks) are going to sell because they have to; yes some, but not a measurable proportion.

        • On March 31, 2020 at 2:14 pm,
          OOTB Jerry says:

          I am not taking any advice from anyone, that has not been in the business more less than 20 yrs………

          • On March 31, 2020 at 2:16 pm,
            OOTB Jerry says:

            remove the more………..and that is a FACT……being 71 and being on this web for approx 10 yrs……I have heard a LOT OF BS…..

  2. On March 31, 2020 at 9:49 am,
    Excelsior says:

    With Oil At $20, Texas Tells OPEC: “You Don’t Cut, We’ll Cut”

    Investing.com | Mar 31, 2020

    “After 40 years of demanding that the Saudis and the Organization of the Petroleum Exporting Countries keep their spigots fully open at all times and pump as much crude as possible, the United States is begging Riyadh and OPEC to do the opposite. If not, it’s willing to shut its own oilfields.”

    “Leading the American initiative on this is none other than Texas, the U.S. state with the largest amount of hydrocarbons output and reserves.”

    https://m.investing.com/analysis/with-oil-at-20-texas-tells-opec-you-dont-cut-well-cut-200520054

  3. On March 31, 2020 at 10:07 am,
    Glenfidish says:

    Interesting times ex!

    This posted yesterday by Matt!

    The results are in, Al, and he’s just like all the rest: broken promises, wars, bailouts for buddies, massive debt growth and support for the Fed’s horrific and immoral policies that are not good/sound for anyone but the powers that be that he claims to be against.

    I couldn’t agree anymore.. great point Matt.

    To recap some of are big hitters in here with there thoughts i have the following. Correct me if you stand in another thought.

    Matt, gold moving higher keep buying as we correct. Many will miss the move. Quiet possible we have another move down but highly unlikely.

    Doc, I’ve been nibbling here but my stance is I will but with both arms come April/May were I believe gold will retest bottom and miners will move lower for a bettering buying opportunity.

    Tracy, we are in a global depression! We are screwed. Everything is going down. Brace yourself

    Ex, nibbling here and there believes support at $1440/1466 should hold. Also kinda on the fence In regards to lower prices in April.

    Bill, current stance is get the hell out of metals and miners as he is looking for a bloodbath phase or very deep correction Into future as well. He has mentioned he’s has one or two or maybe more miners that he has not sold. Mostly out though. He will also buy with both arms if he gets his wish.

    Jerry, stay out of the way global recession/depression but buy some gold. Becareful out there

    Chartster, all shit going down! Global depression as well

    Cfs, Coronavirus taking everyone down including financial market.

    Glen, buy miners in bloodbath phase, understand each individual miners beat/pattern that you have invested for quite sometime. Gold going north of $2500 not sure when.

    • On March 31, 2020 at 10:36 am,
      Big Al says:

      The results are in, Al, and he’s just like all the rest: broken promises, wars, bailouts for buddies, massive debt growth and support for the Fed’s horrific and immoral policies that are not good/sound for anyone but the powers that be that he claims to be against.

      Just like all the rest? Not sure what you are referring to:

      BROKEN PROMISES – What promises have I broken?
      WARS- What wars do I support?
      BAILOUTS FOR BUDDIES – You have to explain this one.
      MASSIVE DEBT GROWTH – In what context do you meant that? I have been adamantly against massive debt growth for the past twenty two years.
      FED’S HORRIFIC AND IMMORAL POLICIES – My main comment on that stems from my experience as a Director of American Pacific Bank where I worked with members of the San Franciso Fed as did all of our officers and directors We abided by their directives and were not shut down and, as a result, all of our shareholders realized profits when we sold the bank after being in business for over twenty years.
      POWERS THAT BE THAT I CLAIM TO BE AGAINST – You have to identify these powers.

      • On March 31, 2020 at 10:39 am,
        Matthew says:

        Trump was the subject Al, not you.

    • On March 31, 2020 at 10:45 am,
      Matthew says:

      Correct Glen. Gold hit 1450 and I believe that was the low. The question now is, how long do we chop around before moving up again? My guess is no more than another week or two for the miners and silver will start to outperform gold on average.

    • On March 31, 2020 at 12:29 pm,
      Excelsior says:

      Yes indeed Glenfidish – these are just interesting times, they are mind-blowing times.

      Yeah, I believe we are still in the PM bull market, and have been adding to a number of the larger and more liquid positions for swing trades over the last few week, and in some of the smaller developers and smaller producers I’ve just been adding for the medium to longer term.

      Yes, it wouldn’t surprise me if we saw continued weakness in the PMs into April, but then by late April/early May, I’ll likely add my remaining dry powder. I’m still about 85% fully invested in the PMs and Uranium at this point, and about 50% invested in the Base metals & PGMs and Lithium at this point.

      I’m curious to see if the new $2 Trillion infrastructure bill that Trump wants to put in place spurs along the commodities and base metals.

      _________________________________________________________________

      Trump calls for $2 trillion infrastructure bill to help economy during coronavirus crisis

      https://nationalpost.com/pmn/health-pmn/trump-calls-for-2-trillion-infrastructure-bill-to-help-economy-during-coronavirus-crisis

      • On March 31, 2020 at 12:55 pm,
        OOTB Jerry says:

        ly to this comment
        On March 31, 2020 at 12:52 pm,
        OOTB Jerry says:
        On March 31, 2020 at 12:32 pm,
        OOTB Jerry says:
        Like Duh………where is the GOLD
        https://www.zerohedge.com/commodities/comex-cant-find-any-400-oz-bars-its-new-gold-futures-contract

        Reply to this comment
        On March 31, 2020 at 12:37 pm,
        OOTB Jerry says:
        Fast forward March 30, and with the new ‘Gold Enhanced Delivery futures’ contract ready to start trading, the COMEX daily gold vault inventory report (which lists nine approved vaults in New York City and surrounding areas) has just been published showing a new set of lines items for 400 oz bars, but, and here is the punchline, there are absolutely no 400 oz gold bars listed on the entire report. Not one.

        • On March 31, 2020 at 12:57 pm,
          OOTB Jerry says:

          Above comment should have been posted in different section,……But, this is the THIRD TIME I POSTED……………JUST AS AN ALERT………………….
          COMEX does not have any 400 oz Bars………………..

          • On March 31, 2020 at 1:57 pm,
            Excelsior says:

            Hi OOTB. Even though your posts were meant for a different section, I just wanted to say thanks for getting the word out to the KER crew on the 400 oz bars. Your 3rd post is triple appreciated. 😉

          • On March 31, 2020 at 2:18 pm,
            OOTB Jerry says:

            Thank you Kind Sir…….just trying to help the Family….. 🙂