Recapping last week’s economic data and bond auctions as they moved currencies and markets

April 19, 2021

Marc Chandler, Managing Partner at Bannockburn Global Forex joined me last Friday to recap all the economic data from the US and Canada and the many bond auctions in the US. We relate it all to markets moves as well as currency moves as the US Dollar put in it’s worst week of the year. A lot of the focus is on inflation .

Click here to visit Marc’s free blog – Marc To Market.

Upcoming Webinar – April 21th @ 11pm PDT (2pm EDT) – Featuring Aztec Minerals (TSX.V:AZT & OTCQB:AZZTF) upcoming drill programs at the Tombstone Property, in Arizona and Cervantes Property, in Mexico. Simon Dyakowski, President and CEO of Aztec will join me to outline the drill programs and answer any of your questions. Please email me you questions to

Click here to register for the webinar.

    Apr 19, 2021 19:14 AM

    Michael Boutros on Gold (34:12):

    Apr 19, 2021 19:18 AM

    This is pretty big news in the Lithium sector today. 2 of the largest Junior Producers and Developers are combing forces into one entity, to essentially form a new Senior Lithium company.


    (ORE.AX) (ORL) (OROCF) Orocobre and (GXY.AX) (GALXF) Galaxy Agree To A Proposed A$4B Merger Of Equals, Establishing A New Force In The Global Lithium Sector

    19 April 2021

    Apr 19, 2021 19:04 AM

    The 6 month T-Bill yield is in a diverging trend downward as US equity markets diverge the phony upward trend…Bond markets are the determinate factor regarding whether we are in a a growing or shrinking economy…We are shrinking…….Those Short term yields are not set by the FED..The FED follows market rates using propaganda to justify the reasons for following yields in its overnight operations etc……..Those yields are falling because money demand is weak because the economy is weak and hence lending for non-mortgage type funding is weak…This spells contraction still eg deflation..THE FED IS FIGHTING DEFLATION…I am not saying gold cannot perform in this environment, per all the reasons mentioned by EX/Mathew ect…. but it must be traded….buy and hold is not now IMHO…

      Apr 19, 2021 19:31 AM

      Larry great summary. I would agree that the fed is throwing everything at it and more a d it’s not enough. GDP is just getting started folks we are going to contract to far back that the shit is going to hit the fan by next year. Growth and revenue is gone and with that the timing of an equities market correction is way overdue.. I sense carnage ala 2008 soon And i don’t say that lightly.


        Apr 19, 2021 19:18 PM

        An intermediate term correction is coming soon to the stock market but no major top and no crash. You heard it here first! πŸ˜‰

      Apr 19, 2021 19:26 PM

      The Fed will be “fighting” deflation for many years to come due to the global debt load in addition to massive unfunded liabilities. I put quotes on fighting because the Fed will easily win while the media makes the masses believe in huge uncertainty.
      Keep in mind that nothing outperformed the gold miners in FDR’s long depression.

        Apr 19, 2021 19:41 PM

        Hi Matthew, I’m trying to read what you are saying? Do you see the economy going into a depression without a stock market crash. Have you now become a deflationist. Could you explain what you are seeing in this regard. DT

          Apr 19, 2021 19:02 PM

          DT, in real terms (that is, priced in gold), I’ve been a deflationist for the last 20 years. The central banks averted a 1930s style deflation with the insane inflation of debt which has stolen value not only from the rightful owners of wealth in the present but also from all of society’s future prosperity.
          So, stagflation or even an inflationary depression is coming eventually and my bet, believe it or not, is on the former not the latter. In addition, I think the stock market is going to go much higher after the intermediate correction that is coming soon so stagflation (or worse) is going to have to wait.
          The ongoing wealth transfer just got a big and maniacal kick in the rear and few understand what it might mean for their dreams of a happy retirement.

          The books of USA, Inc., along with the rest of the West will get balanced and it will happen on the backs of those who have few assets and even those who have plenty of assets but don’t understand the system.

          To be clear, there will be no deflation of the money supply or the general price level. Both will continue to inflate.

            Apr 19, 2021 19:09 PM

            Hi Matthew, okay, thanks for your thoughts. DT

    Apr 19, 2021 19:11 PM

    /GC gold since the 12/2015 low….Each bar a month…We just completed a .382 retracement of that entire move…..What ever will happen, no one exactly knows…BUT if gold closes below this recent March low of the .382 retracement @ 1673.3, just get out…That would mean a further deeper retracement…That simple really….As bloggers here say, be equally concerned about risk…That said, there is more move up in gold eventually probably or this is the worlds quickest counter trend rally and that is very bearish…glta…

      Apr 19, 2021 19:29 PM

      I doubt that this is a countertrend move at all. As mentioned very recently, gold does not yet look as good as the miners but that’s how bulls should want it. It would be a bad sign if gold looked good and the miners did not.

      Apr 19, 2021 19:42 PM

      Even a single daily close below 1750 would be a bad sign and back-to-back closes below 1740 would make me take defensive action. Our miners would probably be hurt pretty badly if we wait for 1673 to fail.

        Apr 19, 2021 19:24 PM

        yep…a continuation of lower lows trend would trigger a bunch of selling on gold…definitely great chart…

    Apr 19, 2021 19:43 PM

    This country needs a revival so I nibbled on some revival gold today.

    Apr 19, 2021 19:41 PM

    if you doubt that the Marxists are happily and psychotically in charge πŸ”ŠπŸ’©πŸ€‘πŸ“žπŸ•ΆπŸš½πŸ’©…glta…we are in political man- spawned hell….no one at ker is happy about this i understand…but i am venting….my boys may become political prisoners in their middle years…bullllchittt

      Apr 19, 2021 19:43 PM

      Everyone always says that’s installing fear anything to do with the facts and the evidence the truth. Nothing can ever be wrong because that’s spoiling the party. It’s like going on a nice vacation and refusing to acknowledge that the tires on the vehicle needed to be replaced. They leave on vacation and the party still on until the inevitable happens. The party ends abruptly and the vehicles on the side of the road turned over, hit the shoulder of the road the wrong way all inhabitants are now deceased. Don’t install fear you’ll spoil this party.

    Apr 19, 2021 19:24 PM

    @LucTenHave: Insights From A Retail Investor With A Nose For 10 Baggers

    by @Vaughan on 19 Apr 2021

      Apr 19, 2021 19:41 PM

      LucTenHave, Hi Ex, people like Luc are born wired a certain way, not only does he search out anomalies but then he has the dogged persistence to understand the story, buy when no one else is thinking of buying and hold. It also helps to be a loner, but that is what makes him successful and he gets satisfaction out of doing what he likes and being good at it. Persistence is one of the biggest keys to any successful endeavor in life. DT

        Apr 19, 2021 19:55 PM

        DT that is a really great way of summing up the qualities that make people successful in investing and in life. Yes, I really enjoy getting insights from @LucTenHave and keep tabs on his comments over at to see which stocks he’s kicking the tires on pretty regularly. Cheers!