Joel Elconin – Commodities Spike, Market Reverse Higher, War Headlines Continue To Drive Markets

March 8, 2022

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to try to make sense of the wild volatility that continues in the markets. Commodities spiked again this morning while markets were down +2%. Then news out of Ukraine not joining NATO reversed some of the extreme moves. This continues to be a wild ride for investors but the trend higher in commodities broadly is here.




Click here to visit Joel’s PreMarket Prep website to follow along with the stocks and sectors he is covering.

    Mar 08, 2022 08:49 PM

    I can’t remember the last time gold rallied at the open from the 8am hour $63-64, give up 70% of the gain , and recover more than 50% of the down leg into the close. Has to be in the 2010-2011 timeframe for that to have occurred.
    Good Fortune to all here in these tumultuous times. Prioritize the really important things that have been entrusted to us all.

    Mar 08, 2022 08:04 PM

    I am not exuberant about what I see these days. Money has become so plethoric that the banks can’t see anything but increasing credit expansion. I see major movements that forecast Business Depression, but the media and even posters here don’t mention the dreaded “D” word.

    The course of all stocks depends entirely on the money situation.

    Real Estate here has been on a wild advance that has made all gone before it look trifling. A working class house sold last week that is in my neighborhood that could have been bought for $150,000 twenty years ago for $3 million. This is so mad that you can’t predict what’s next but I can say the top has been reached and the bottom is going to be very cruel. DT

    Mar 08, 2022 08:19 PM

    I said a couple weeks ago, “get ready for wild volatility” and it is here.
    For the record, I’ve sold zero shares of my juniors into this strength so far. I’d rather sit through short term noise at this point and focus on individual price charts rather than sector “indicators” like gold, HUI, GDX.
    Today’s closing price for silver is already higher than any quarterly close since Q1 2013.

    Mar 08, 2022 08:23 PM

    Gotta love these corporate media headlines in which the real causes of our problems are NEVER mentioned…

    Gerald Celente has warned for years that when the SHTF, they take you to war. The central banks will never be blamed for the catastrophes that they cause.

    Mar 08, 2022 08:02 PM

    I’ve been trimming & adding here & there. Maintaining fully invested. Massive volume in many junior explorers today. A WALL of $$$ coming into ‘pet rock ( & roll….

      Mar 08, 2022 08:21 PM

      That can be a great approach and is one I’ve had good results with many times. Raising cash now is unappealing to me.