Ed Moya - Senior Market Analyst at OANDA – Mon 22 Jun, 2020

Investors start to focus on the election – Recapping moves in US markets, and gold vs USD

Ed Moya joins me today to comment on what he sees as driving markets through the majority of this year. With Trump’s rally over the weekend we are seeing a shift of focus to the upcoming election and what it could mean for markets. We focus on the moves today in US markets as well as the gold move higher and US Dollar large move down. It brings up the thought of inflation…

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  1. On June 22, 2020 at 1:47 pm,
    Excelsior says:

    Wow – I’ve been away from the market this afternoon and Sierra Metals (SMT) (SMTS) surged up 150% at one point then pulled back down another 100% from the highs.

    The SMTS low today was $.99 and the high was $2.75, but it closed at $1.70, and is down to $1.40 in aftermarket action.

    This is some crazy action as I was pointing out on Friday. I trimmed 1/4 of my SMTS on Friday into the close thinking it would pull back some today, and it did at first, but then when it took off like a scalded cat today I trimmed back another 1/4. I have 50% of the position left but will be looking to add some back if this falls back down tomorrow. If this company keeps surging like this then I may end up liquidating the whole SMTS position completely until sanity returns.

    These Robinhood traders are really a force to be reckoned with, and the amount of them holding Sierra Metals has increased 5 times since last Thursday.

    Ever Upward!

    • On June 22, 2020 at 1:59 pm,
      Excelsior says:

      Check out the last 2 trading sessions on (SMTS) Sierra Metals. Holy schnikes!


      • On June 22, 2020 at 2:12 pm,
        Excelsior says:

        In particular, check out the insane volume in Sierra Metals (SMTS) (SMT) on Friday and today, on the chart I just posted above. Holy schnikes!


        • On June 22, 2020 at 2:14 pm,
          Excelsior says:

          I was tired in the mid afternoon and took a nap, and it may have been the most expensive nap of the year, as I missed trimming at the surge high, but still have done incredibly well on trimming the last 2 trading sessions.

          I have half the position left, and if it surges like this again tomorrow, I’m selling the rest and rotating into a few companies that haven’t moved so much.

          • On June 22, 2020 at 4:52 pm,
            Dick Tracy says:

            I’m waiting for The Robinhood traders to discover Freegold Ventures, T.FVL, it’s right down their alley! LOL! DT

          • On June 22, 2020 at 11:16 pm,
            Excelsior says:

            DT – I want this large influx of Robinhood investors to find every stock I own! (lol)

            Every stock to this new mob is like Hertz… haha!

  2. On June 22, 2020 at 4:49 pm,
    Dick Tracy says:

    GOLD X appoints Robert Friedland as non-executive chairman.

    • On June 22, 2020 at 11:18 pm,
      Excelsior says:

      One of Rick Rule’s “Seven Footers” has entered the mix. Gold X took of today accordingly.

  3. On June 23, 2020 at 7:49 am,
    David says:

    GPL Great Panther put out some good drill results in Brazil for gold. First drill hole at that location, I think.

    • On June 23, 2020 at 7:52 am,
      David says:

      Initial 2020 result.