Chris Temple from The National Investor – Mon 8 Jun, 2020

What to watch this week for the Fed meeting, US Dollar and Gold

Chris Temple kicks off today with a look ahead to the Fed meeting on Wednesday. While no major changes are expected the markets are understandably muted to start off the week. We also discuss the US Dollar and gold’s price action.

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Comments:
  1. On June 8, 2020 at 9:48 am,
    Tom says:

    long KRMD

    • On June 8, 2020 at 10:24 am,
      Matthew says:

      The daily chart doesn’t look too bad but that’s a scary one on the bigger charts…
      https://stockcharts.com/h-sc/ui?s=KRMD&p=W&yr=3&mn=11&dy=0&id=p28844660798&a=767098756

      With a PE of 396, a lot of success is priced-in.

      • On June 8, 2020 at 10:47 am,
        Tom says:

        Thanks Matthew. …purely a technical play. See your point though.

        • On June 8, 2020 at 11:25 am,
          Matthew says:

          Good, I figured it was just a trade. Best of luck to you.

  2. On June 8, 2020 at 10:51 am,
    b says:

    The END of America? Peter Schiff Gives His Forecast

    https://youtu.be/fFpAcChNDQo

    Had to post this for all the Trump lovers here.
    Schiff opens Mr Dice eyes.
    Enjoy.

  3. On June 8, 2020 at 10:52 am,
    b says:

    The END of America? Peter Schiff Gives His Forecast

    https://youtu.be/fFpAcChNDQo

    Had to post this for all the Trump lovers here.
    Schiff opens Mr Dice eyes.
    Enjoy.

    Forgot, could start at about the 26 min mark.

    • On June 8, 2020 at 12:09 pm,
      OOTB Jerry says:

      thanks b…..good interview….

    • On June 8, 2020 at 7:08 pm,
      Jason says:

      Your BOY Peter Schitt has been wrong on gold and Bitcoin for 10 years.

      • On June 8, 2020 at 11:57 pm,
        Matthew says:

        Does that mean you love your BOY Trump? If so, that’s pretty idiotic considering the facts.

        • On June 9, 2020 at 7:42 am,
          b says:

          Schiff wrong about gold for 10 years?
          Geez what does he have to say to be right?

          As for bitcoin, that remains to be seen.
          I missed it, but I missed the tulip bubble too so, it happens, o well.

          • On June 9, 2020 at 7:53 am,
            OOTB Jerry says:

            🙂

          • On June 9, 2020 at 7:58 am,
            OOTB Jerry says:

            When is bitcon, going to $100,000…..or $1 Million,…answer: When Jamie D. corners the market…..and stills all the wallets…..

          • On June 9, 2020 at 7:59 am,
            OOTB Jerry says:

            stills, to steals…..

    • On June 8, 2020 at 8:59 pm,
      Ebolan says:

      b, I will roll the Dice and watch this.

  4. On June 8, 2020 at 11:21 am,
    Tom says:

    long KSHB

  5. On June 8, 2020 at 1:28 pm,
    Charles says:

    Trevali Mining up 50% on mega volume.

    • On June 8, 2020 at 7:14 pm,
      Excelsior says:

      Yes sir. I mentioned that on the weekend show blog this morning but wasn’t sure if anyone else was watching here. It makes me wonder if they’ve figured out a recapitalization plan (selling a mine? refinancing debt> bringing on strategic partner?)

      The zinc stocks were quite the buzz today and it was nice to see some ~GreenOnTheScreen in many the $Zinc stocks for a change.

      Symbol – Miners with #Zinc Exposure – Daily Change %

      PSE.CN Pasinex Resources Limited +100.00%
      EZNC.CN Eastern Zinc Corp. +96.67%
      TV.TO Trevali Mining Corporation +50.00%
      Z.V Zinc One Resources Inc. +50.00%
      IBG.AX Ironbark Zinc Limited +33.33%
      VAR.AX Variscan Mines Limited +26.67%
      WLF.V Wolfden Resources Corporation +25.00%
      TI.TO Titan Mining Corporation +25.00%
      PUR.AX Pursuit Minerals Limited +16.67%
      NEXA.TO Nexa Resources S.A. +16.14%
      GSS.V Gossan Resources Limited +14.29%
      NEXA Nexa Resources S.A. +13.87%
      TZN.AX Terramin Australia Limited +12.77%
      CNX.V Callinex Mines Inc. +12.50%
      GMR.AX Golden Rim Resources Ltd +12.50%
      SNG.V Silver Range Resources Ltd. +11.54%
      PNX.AX PNX Metals Limited +11.11%
      BZ.V Benz Mining Corp. +10.64%
      VTT.V Vendetta Mining Corp. +10.00%
      SRL.V Salazar Resources Limited +9.52%
      FWZ.V Fireweed Zinc Ltd. +9.09%
      ELN.V El Nino Ventures Inc. +9.09%
      PUMA.V Puma Exploration Inc. +9.09%
      ADZN.V Adventus Mining Corporation +8.89%
      MRL.V Margaux Resources Ltd. +8.33%
      CD.V Cantex Mine Development Corp. +8.00%
      MCT.AX Metalicity Limited +7.69%
      SMTS Sierra Metals Inc. +7.00%
      GR.V Great Atlantic Resources Corp. +6.67%
      SMMYY Sumitomo Metal Mining Co., Ltd. +6.56%
      AQA.TO Aquila Resources Inc. +6.45%
      CMD.V Commander Resources Ltd. +5.88%
      ZNX.V ZincX Resources Corp. +5.88%
      NCZ.AX New Century Resources Limited +5.41%
      OM.V Osisko Metals Incorporated +5.05%
      TECK-B.TO Teck Resources Limited +4.40%
      601168.SS Western Mining Co.,Ltd +3.05%
      SVBL Silver Bull Resources, Inc. +3.03%
      PEX.AX Peel Mining Limited +2.94%
      AMI.AX Aurelia Metals Limited +2.15%
      HRR.AX Heron Resources Limited +2.13%
      IVN.TO Ivanhoe Mines Ltd. +1.66%
      RVR.AX Red River Resources Limited +1.59%
      LUN.TO Lundin Mining Corporation +0.43%
      GLEN.L Glencore plc +0.42%
      ADT.AX Adriatic Metals PLC +0.36%
      S32.L South32 Limited +0.24%

      • On June 8, 2020 at 9:55 pm,
        Dan, calgary says:

        I own some Zinc One as a ‘call’ on the price of zinc.

        • On June 9, 2020 at 3:14 am,
          Excelsior says:

          I have some Trevali, Sierra Metals, Tinka, Zincx, Callinex, Cantex, and Vendetta.

  6. On June 8, 2020 at 7:21 pm,
    Excelsior says:

    The Year Of The Robinhood Traders

    by @Goldfinger on 8 Jun 2020

    “During the COVID-19 lockdowns Portnoy began day trading live on his Twitter feed. With no live sports on TV and nothing to gamble on the natural transition was to take up day trading the stock market. Since Portnoy deposited US$3 million into an E-trade account and started day trading live in March he has been responsible for a massive contingent of new traders entering the stock market and trying their luck at day trading. Many of these novice traders have opened accounts with a commission-free brokerage platform called Robinhood.”

    “This market has humbled the likes of Buffett, Druckenmiller, and Ichan who have all been caught flat-footed by the rally since March 20th. Meanwhile, the Robinhood traders are raking in the gains with huge percentage gains in fan favorites like American Airlines (NYSE:AAL), Boeing (NYSE:BA), and Hertz (NYSE:HTZ).”

    “Since legendary investor Carl Icahn (estimated net worth of US$15 billion) liquidated all of his Hertz shares the stock has surged more than 400%!”

    “Can stocks like AAL and HTZ continue to deliver massive gains in a matter of days? My guess is probably not, but one thing is for sure, this market is unlike any we have seen before. Legends have been humbled, novices have made years worth of gains in a matter of weeks, and economic forecasters have once again proven that they know nothing.”

    “An entire new generation of stock market participants has been introduced to a market that has delivered years of gains in a matter of weeks. In fact, the more aggressive and seemingly reckless that investors have been since March 20th the bigger their returns have been. For some of these investors, their recent profits might turn out to be the most costly profits of their lives by giving them an unrealistic expectation of what to expect from the stock market in the future.”

    “Welcome to 2020, the year of the Robinhood traders. ”

    https://ceo.ca/@goldfinger/the-year-of-the-robinhood-traders

    • On June 8, 2020 at 8:29 pm,
      Dick Tracy says:

      The public wants securities which would return fast profits. Who wants stale bonds. We live in an era of fast self gratification, not unlike the madness of1929. Technology of cell phones and new trading platforms has made this ever so easy for someone to buy and sell stocks quickly and instantly from anywhere in the world.The days of phoning a broker or sending a telegram are now long gone but the downside when it comes will be brutal to all the rich and the unwary. DT

      • On June 9, 2020 at 9:56 am,
        Excelsior says:

        Good thoughts DT. Yes, the ease and speed of entering the market casino has increased, but as you mentioned when the downside comes it will be brutal to the unwary. I believe the points that Goldfinger made above are interesting to consider, as so many new traders that got into the markets in March and rode up the relief rally are going to get a false sense of expectations, and Mr Market inevitably has future lessons planned when the things correct that will be quite instructive.

  7. On June 8, 2020 at 8:53 pm,
    Buzz says:

    Let them make their profits. Eventually they’ll wind up on the gold & silver train, with free tickets to ride

    • On June 8, 2020 at 9:11 pm,
      buzz says:

      Heard they hired OJ as spokesman for Hertz & Black Lives Matter…
      By the way, is George Soros short the greenback?

    • On June 9, 2020 at 9:58 am,
      Excelsior says:

      Yes, a percentage of the new younger traders may rotate over to PMs, bringing new money into the sector. Welcome newbies to the great voyage!

    • On June 9, 2020 at 10:56 am,
      Excelsior says:

      Buzz – did you see this news update for Mexus? They are gradually getting their production ramped up…. finally. I’m interested to see how they grow things from here at their properties now that they have production revenues coming in.

      _________________________________

      (MXSG) Mexus continues ramp up of production with blasting at its Santa Elena mine

      8 Jun 2020

      “Mexus Gold US (OTCQB: MXSG) announced that a second round of blasting has occurred on the Julio shear zone located at its Santa Elena mine in Caborca, Mexico. Sampling of this shear zone has shown 1.5 to 11.9 g/t Au with some visible gold. 1800 tons of this material is being processed and is expected to be placed on the heap leach pad by June 12th. Leaching of the heap pad is now running 24 hours a day, 7 days a week. This newly added material should start returning increased values to the pregnant pond as early as June 15th. Carbon cells and electro winning processing continue to operate capturing 100% Au without interruption. ”

      http://mexusgoldus.com/mexus-continues-ramp-up-of-production-with-blasting-at-its-santa-elena-mine/

  8. On June 9, 2020 at 8:16 pm,
    Buzz says:

    Yes, sounds like they’ve finally gotten on track!