Recapping the jobs data today and US/China trade updates for next week

January 10, 2020

Chris Temple joins me to wrap up the markets today with comments on the jobs data that disappointing and what could happen on the trade front at next week’s meeting/signing. The markets sold off into the close but in no way have traders rushing for the exits.

Click here to visit Chris’s site.

    Jan 10, 2020 10:40 PM

    Not trying to be an A hole but it is very difficult to understand Chris, poor audio.

      Jan 11, 2020 11:37 PM

      +1, not really worth listening to……………

    Jan 10, 2020 10:04 PM

    Chris must have bought an iPhone 11, my friend Monique bought one it sound’s like Chris’s phone. Which is just an excuse so I can include my favourite quote “just because something is old doesn’t make it good. Just because something is new doesn’t make it better”

    Jan 10, 2020 10:24 PM
    Jan 10, 2020 10:46 PM

    #Sprott Money News Weekly Wrap-up – 1.10.20 #AudioInterview

    “Eric Sprott joins us from Antarctica and offers his assessment of the initial #gold and #silver trading action as we begin 2020.”

    (Eric discusses Kirkland Lake & Detour, Jaguar Mining, and Dolly Varden Silver)

      Jan 10, 2020 10:52 PM

      Big Gold Panel – Katusa, Williams, Ceresna, Johnson and Everett

      Cambridge House International – Jan 6, 2020 #VIDEO

      “Brent Johnson, Cal Everett, Grant Williams, Patrick Ceresna and Marin Katusa have a lively discussion on Gold’s outlook in 2020. ”

        Jan 11, 2020 11:54 AM

        Drivers Behind The Recent Gold Rally

        Adam Perlaky – 10 January, 2020

        “Gold rallied nearly 4% in December, mainly in the second half of the month, and recently moved to an intraday high of US$1,613/oz as the US-Iran confrontation unfolded. We believe there are a few likely reasons for the move:”

        > A technical breakout
        > Bullish positioning in derivatives markets
        > Light trading volumes
        > Portfolio rebalancing at the end of 2019 especially as investors hedged risk asset allocations
        > Federal Reserve (Fed) repo activity
        > Increased geopolitical risk

      Jan 11, 2020 11:14 AM

      Good post from @ValueInvest on the symmetrical nature of the Gold recovery, feeding the “U-Shaped” bottom that has been discussed on here a few times.

      @ValueInvest – “There is an interesting Symmetry occurring in the US $GOLD chart. I drew the middle line at the High of 2016. (1) The Inverse Head-and-Shoulders basing pattern was symmetrical, (2) the breakout at $1,365 was symmetrical, and (3) the AUG-2019 top at $1,565 was symmetrical as well. Will this symmetry in $Gold continue? If so, what are the following targets? If the symmetry continues, then the chart is indicating: (4) a US $Gold price of $1,800 by April-May 2020, (5) then a steep correction down to $1,565, (6) then all-time highs ($1,920) by May 2021…”

    Jan 10, 2020 10:03 PM

    Now that is a technically healthy looking chart for palladium when one looks for possible gains in the near future. The moves up are measured, the dips bounce nicely off the 50dma (a solid looking floor), volume is not as volatile as gold and the MACD remains bullish over the medium to long term. This could all change of course but one has to say the overall picture for palladium points to more gains in the near term, even considering the tear upwards it has undertaken.

    Would love for gold and silver to build nice technical charts similar to this sometime this year.

    Jan 10, 2020 10:50 PM

    If you don’t think your rulers are trying to destroy western culture just read this…

    Jan 11, 2020 11:28 AM

    Great discussion..thank you