Hour 1 – Making Sense Of Risk On and Risk Off Testing Highs

June 29, 2019
Full Hour Show

We are not half way through 2019 and we are seeing US markets near all time highs, yields closing in on historical lows, and gold breaking to 6 year highs. In the first hour we try to make sense of it all. Plus we have some comments on gold stocks and the oil market.

Happy Canada Day to all our listeners up north and a happy 4th of July to everyone in the US.

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  • Segment 1 – Extended Segment – Rick Bensignor, Founder of Bensignor Investment Strategies weighs in on the US markets, treasuries, and gold.
  • Segment 2 – Marc Chandler, Managing Partner at Bannockburn Global ForEx thinks we are at peak easing expectations and this could all play into the bigger picture for stocks.
  • Segment 3 – Sean Brodrick, Editor over at Weiss Ratings shares what he looks for in gold stocks and cannabis stocks.
  • Segment 4 – Josef Schachter, Founder of the Schachter Energy Report updates us on his trading strategy for oil and oil stocks.

Exclusive Company Interviews and Comments This Week

Rick Bensignor
Marc Chandler
Sean Brodrick
Josef Schachter
    Jun 29, 2019 29:57 AM

    The US debt is so large that the Fed has no choice but to reduce interest rates.
    As it fails to find buyers for bonds, the Fed will monetize, and consequently the dollar will drop. (Certainly in purchasing power, and possibly against other currencies; depending on what other countries do.)
    Low interest rates WILL allow the bubbles to grow bigger.
    The Stock Market is in bubble territory, but will grow until the bubble bursts.

    Jun 29, 2019 29:50 AM

    From CoT, commercials are net short by over 300,000 now

      Jun 29, 2019 29:39 PM

      I assume its\’s gold, not silver. ??

    Jun 29, 2019 29:28 AM

    Good show Cory thx.

    Jun 29, 2019 29:43 AM

    I really appreciate Rick Bensignor’s comments, especially.

    Jun 29, 2019 29:30 PM

    Important breakout for GDM
    The close above the upper speed resistance line indicates a trend reversal:

    (The move above the middle speed line way back in January told us that this move was likely.)

    Jun 29, 2019 29:49 PM

    Gold is up significantly versus the dollar and the gold miners are up significantly versus gold. This is bull market action.

      Jun 29, 2019 29:40 PM

      Do you actually think that the upcoming gold market, as you call it, will have any legs!

        Jun 29, 2019 29:55 PM

        Yes. Do you actually not think so?

          Jun 29, 2019 29:56 PM

          But the gold miners will blow gold away.

        Jun 29, 2019 29:31 PM

        Al your question inadvertedly raises another question: Are you sceptical of golds move up?

    Jun 29, 2019 29:57 PM

    June 27 Weekly Crypto Review with MooAnt and Samantha Jane

    Jun 29, 2019 29:00 PM

    SerialBrain2: Iran and the reason Trump misspelled “locked”, “site”…

      Jun 29, 2019 29:43 PM

      Thanks for posting……Nice background on IRAN….and CIA….Always about the OIL….

        Jun 29, 2019 29:48 PM

        Owl….this would be good background info….JMO
        You do not have to think to much about the Q, as a conspiracy…., but, just the info
        is valuable …..JMO

    Jun 29, 2019 29:47 PM

    SerialBrain2: Trump, the Cabal and the Shocking truth about Iran. (Pt. 2)

      Jun 30, 2019 30:06 PM

      Simply amazing…….people are not commenting on this subject……
      At least part 1….

    Jun 29, 2019 29:10 PM

    Gold made new all-time highs versus commodities (CRB) in each of the last 2 weeks and looks like it is going higher.

      Jun 29, 2019 29:12 PM

      Gold vs CRB also put in its highest ever monthly and quarterly closes on Friday and is a “buy” on both charts.

    Jun 29, 2019 29:18 PM

    I’m looking for oil to reach between $40 and as far as $20.

      Jun 29, 2019 29:55 PM

      Geez I hope your right johnny. Would give us some nice relief here in Aus. On average around $1.40 p/litre is still to high and thats after a 20-30cent reduction.

    Jun 30, 2019 30:25 PM
    Jun 30, 2019 30:25 PM

    Cory – Thanks for the great show! Thanks for having Rick back on. I like his broad view of the markets.

      Jun 30, 2019 30:08 PM

      Bit of an ugly retracement here for gold with the yellow metal now more than $50 off last tuesdays high. What was formerly long term resistance has now got to act as long term support for gold otherwise this rally may count for nothing. Not saying that will happen but the correction to the downside seems a little over exaggerated at this early stage.

        Jun 30, 2019 30:28 PM

        Do not worry……….just light trading in early hours, of a holiday …..
        Harry O called it last week……..

        Jun 30, 2019 30:39 PM

        It might be ugly but I like it. Scary pullbacks are a must for the health of any strong bull and this one hasn’t even managed a normal/conservative 38.2% Fibonacci retracement.
        What I like about it is that it is happening very quickly. Such action is meant to shake out weak hands. Slow declines with plenty of “backing and filling” are meant to keep weak hands hopeful, holding long and buying.
        Last week’s COT report was as of Tuesday, the day of the high. Considering the size of the move, I was surprised it wasn’t worse. Now that gold has dropped almost $60, I’m betting that it has improved a lot.

          Jul 01, 2019 01:23 AM

          Good points Matthew. I hope it comes to pass.