Dana Lyons Commentary – Fri 28 Aug, 2020

The winning strategy for this market is sticking to the leading sectors – These include tech and gold miners

Dana Lyons joins me today to share his assessment of the risk vs reward in the markets. Noting that breadth is still very weak and these markets are being lead by just a handful of stocks, Dana says he is sticking to the leading sectors.

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Comments:
  1. On August 28, 2020 at 10:27 am,
    bonzo says:

    What is Bonzo buying and what is he selling? Yesterday he bought AUNFF@.58 and this morning he bought more@.59. When it got to .60 Bonzo sold all his AUNFF and took another big bite of the lion’s tail and bought LOMLF@1.43. Bonzo now thinks he has enough LOMLF and eagerly awaits more drilling results from Fiji and is hoping for a takeout by a major.

  2. On August 28, 2020 at 11:30 am,
    SilverDollar says:

    ttps://palisaderadio.com Michael Oliver, a personal favorite.

    • On August 28, 2020 at 11:54 am,
      cfs says:

      one click M.Oliver Silver will beat Gold

      https://youtu.be/AbYC2b2FTas

      • On August 28, 2020 at 1:14 pm,
        OOTB Jerry says:

        Silver going over $49……..just waiting……

        • On August 28, 2020 at 1:22 pm,
          irishtony says:

          WHEN ?…Jerry…..I’m getting to old for my bicycle , i need to sell my stack , & get one with an engine……….

          • On August 28, 2020 at 1:29 pm,
            OOTB Jerry says:

            Irish…….How ya doing……Don’t sell , till I give you the OK… 🙂

          • On August 28, 2020 at 1:36 pm,
            OOTB Jerry says:

            Remember, I said silver was not going anywhere till it passed $21-22,
            Silver has the same cup formation (approx) and over head resistance as gold did…(generally)….
            $49 Silver , will just be a starter…….
            You already know that, but, just in case we have some newbees….. 🙂

    • On August 28, 2020 at 7:44 pm,
      Matthew says:

      Oliver has Trump pegged as well as politics and economics. No wonder he’s so good with the markets as well. Clear thinking is rare.

  3. On August 28, 2020 at 11:49 am,
    cfs says:
    • On August 28, 2020 at 1:20 pm,
      OOTB Jerry says:

      Canada’s Barrick Gold (TSX: ABX) (NYSE: GOLD) said it would challenge the Papua New Guinea (PNG) government reported move to grant a 20-year lease for the Porgera gold mine to a state-backed firm

      • On August 28, 2020 at 1:21 pm,
        OOTB Jerry says:

        The companies temporarily halted operations in response. They also served Marape with a dispute notice arguing the refusal of the Porgera license extension violated a bilateral investment treaty between PNG and Australia.

  4. On August 28, 2020 at 1:51 pm,
    OOTB Jerry says:

    Just another big CON……….Looters…..more waste……
    https://www.zerohedge.com/political/exposing-waste-democrats-heroes-act

    • On August 28, 2020 at 1:53 pm,
      OOTB Jerry says:

      Mafia Nancy……and the Stooges……
      Here are a few of the unlimited examples in just four “deep blue” Democratic areas — California, New York, and Illinois, along with Washington, D.C.

      Here you can see how your tax dollars are wasted, which the Pelosi Bailout Bill conveniently overlooks, and why blank checks are unwise even during an economic crisis.

      • On August 28, 2020 at 1:53 pm,
        OOTB Jerry says:

        California
        In the so-called Golden State, 341,000 state and local government employees earn more than $100,000 in salary or pension payments. If the cost of living in California necessitates such salaries, the state should tackle local government policies designed to keep housing prices high. Or begin taming the public employee unions, whose bargaining helped 44 lifeguards in Los Angeles County earn between $300,000 and $365,000. Not to mention the $501,000 per year nurse working for the university medical system.

        • On August 28, 2020 at 1:54 pm,
          OOTB Jerry says:

          New York
          OpenTheBooks matched the New York state checkbook with Gov. Andrew Cuomo’s campaign donor disclosures. From 2014 to 2018, Cuomo solicited 377 state vendors, who gave $4.6 million in campaign cash and reaped $6.5 billion from state contracts.

          In Cuomo’s Empire State, 290,000 public employee salaries and pensions exceed $100,000. Cost to taxpayers: $38 billion annually. New York would reap $35 billion from the Pelosi Bailout Bill –

          • On August 28, 2020 at 1:56 pm,
            OOTB Jerry says:

            Illinois
            In the Land of Lincoln, a place where a young store clerk and future president once walked three miles to return six cents change to a woman he’d inadvertently overcharged, some 110,000 public employees are paid salaries or pensions in excess of $100,000. Under the Democrats’ plan, Illinois will reap $20 billion in bailout money. Despite launching the political career of “Honest Abe,” in our time Illinois is a cesspool of corruption. As a consequence of its Faustian bargain with public employee unions, the financially strapped state is flirting with junk bond status.

            There, in the American heartland, Chicago’s city-employed tree trimmers make $106,663 and state correctional facility nurses take home up to $277,100. Higher education is a particularly lucrative endeavor of public service: Illinois community college presidents get nearly half-a-million dollars a year, while university doctors are compensated at packages ranging up to $2 million annually. At the state’s signature public university, the head football coach is paid $4 million – for fielding a losing team.

          • On August 28, 2020 at 1:57 pm,
            OOTB Jerry says:

            Washington, D.C.
            The elected leaders in the nation’s capital are lobbying for a $3.2 billion bailout. But if Congress took only a cursory look, they’d see plenty of places to cut the fat. It starts at city hall, were the mayor’s $220,000 annual pay exceeds that of every governor in the country.

            At a salary of $212,000, the D.C. City Council chair out-earns every member of Congress (except Speaker Pelosi, who earns $223,500). The Metropolitan Police Department chief is paid $272,156, which tops every four-star general in the U.S. military (they make $268,332). The salary for the superintendent of the underperforming D.C. public schools: $280,000 – far more than the secretary of the U.S. Department of Education ($199,700).

          • On August 28, 2020 at 2:00 pm,
            OOTB Jerry says:

            HEROs ACT…..LOL……..LOOTERs for inside the Govt………
            Limited Govt……..what a Joke……….

  5. On August 28, 2020 at 3:35 pm,
    cfs says:

    Apple CEO Tim Cook Sold Shares Ahead of Stock Split
    Published: Aug. 28, 2020 at 5:29 p.m. ET