Exclusive Comments from Marc Chandler – Fri 22 May, 2020

The balance between COVID fears, US and China trade tensions, economic data, QE… What’s going to drive markets through summer?

Marc Chandler joins me for an initial look at what drove markets this week. Mostly US and China tensions were font and center but there are so many factors that could perk up as we move through summer. We balance what will truly drive markets and money flows over the next few months.

Click here to visit Marc’s free blog – Marc to Market.


Comments:
  1. On May 22, 2020 at 11:21 am,
    Nigel says:

    There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know – Rumsfeld should have been an investment advisor

  2. On May 22, 2020 at 11:40 am,
    b says:

    Personally I think the american positioning to stop the Iranian tankers moving to Venezuela is significant.
    Venezuela intends to escort the tankers and the states has sent enuff to invade Venezuela.
    Iran mentioned weeks ago that they will respond to any interference of their tankers.
    We saw that when the british blocked an Iranian tanker in the mediterranian, weeks ago.

    We could see gold to the moon sooner than we think.

  3. On May 22, 2020 at 12:39 pm,
    Excelsior says:

    (SVM) Silvercorp tops full-year output guidance despite China suspension

    May 22, 2020

    Silvercorp Metals (SVM +1.4%) rises after reporting better than expected FQ4 earnings and saying it surpassed full-year production targets despite the extended coronavirus shutdown.

    Silvercorp says silver, lead and zinc production beat its guidance for the fiscal year ending March by 3%, 3% and 17%, respectively, even as operations in China were suspended for six weeks during the quarter, although the amount of ore mined overall fell 2% to 885.8K mt compared to the prior year.

    All-in sustaining costs for silver for the full year, net of by-product credits, were $6.86/oz., compared to $3.52/oz. in the prior year.

    Cash flow from operations for the year was $77.2M, up from $70.4M for the previous year, and cash holdings totaled $142.5M vs. $115.3M at the end of FY 2019.

    https://seekingalpha.com/news/3577188-silvercorp-tops-full-year-output-guidance-despite-china-suspension?utm_medium=email&utm_source=seeking_alpha&mail_subject=svm-silvercorp-tops-full-year-output-guidance-despite-china-suspension&utm_campaign=rta-stock-news&utm_content=link-3

  4. On May 22, 2020 at 1:06 pm,
    Excelsior says:

    As The Fed Goes ‘Weimar,’ Gold, Silver, Miners Will Go Parabolic

    May 21, 2020 – Dave Kranzler

    “Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the beginning of the precious metals bull market in late 2000. But you can see the big move that started in 2008 – for which many of you were around – actually began 8 years early at a much lower level. I believe there’s a good possibility, because of the amount of money that has been printed by Central Banks globally, but especially by the Fed, that the scale of the next bull move in this sector will be larger than the 2000-2011 move.”

    https://seekingalpha.com/article/4349460-fed-goes-weimar-gold-silver-miners-will-go-parabolic

    • On May 22, 2020 at 1:17 pm,
      b says:

      i think so, unfortunately for me i dont know a good 1/2 cent share this time.

      • On May 22, 2020 at 1:52 pm,
        Excelsior says:

        The only 1/2 cent share I own at this point is MXSG which closed today at $.0029.

        They are a really small new gold producer in Mexico, but incredibly high risk still at this point and they’ve had all kinds of delays on their leach pads and merrill crowe processing equipment, but they do appear to finally be getting a bit of traction.

        _______________________________________________

        Mexus reports additional gold sales from production at its Santa Elena mine

        May 18th, 2020

        “Mexus Gold US (OTCQB: MXSG) announced that the company sold 47.5 ounces of gold May 7th and is processing an additional 45 ounces the week of May 18th. The sale and production of gold is an excellent start for the company and meets the company’s previously stated goals for the month. Mexus’ goal of keeping production costs down while steadily increasing production continues as sales of gold for the month of May are expected to exceed 120 ounces.”

        “Every day Mexus is experiencing firsts relating to production. From the amount of material being mined, crushed, and placed on the heap leach pad to the end production of gold. This will be our best month of gold production and is a testament to the perseverance and commitment of all involved with the company. The Santa Elena mine is a historical mine site and encompasses over 6500 acres. I’m excited to see the production of gold increase as we build out and tap into this outstanding property. My goal has always been to make Mexus into a major mining company.” added Mexus CEO, Paul Thompson.

        http://mexusgoldus.com/mexus-reports-additional-gold-sales-from-production-at-its-santa-elena-mine/

        • On May 22, 2020 at 9:30 pm,
          buzz says:

          I’ve lined my golden parachute with a half mil of these babies. Go big or go home and quarantine

          • On May 23, 2020 at 12:15 am,
            Excelsior says:

            +500K Nice! 😉

  5. On May 22, 2020 at 1:15 pm,
    Excelsior says:

    Two French kids reportedly discover gold bars worth over $100,000 during lockdown

    May 22, 2020 – Chloe Taylor

    https://www.cnbc.com/2020/05/22/french-children-find-gold-bars-worth-100000-during-lockdown.html

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