Sean Brodrick – Central Banks, The US Dollar, Silver Miners, Oil Refiners, Lithium Stocks, And Robots

Sean Brodrick, Natural Resource Analyst at Weiss Ratings and Editor of Wealth Wave, joins us to share his macroeconomic outlook, as well as thoughts on the US dollar, silver miners, oil refiners, lithium stocks, robot stocks, and healthcare.  




Click here to visit the Wealth Wave website to keep up to date with Sean’s market comments.

    Oct 25, 2022 25:02 PM

    API Surprises With Crude Build, Gasoline Draw

    By Julianne Geiger – Oct 25, 2022

    “The American Petroleum Institute (API) reported a build this week for crude oil of 4.520 million barrels. U.S. crude inventories have grown by roughly 32 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by six times that figure, at 192 million barrels.”

    “The build in crude oil inventories includes the Department of Energy’s release of 3.4 million barrels from the Strategic Petroleum Reserves in the week ending October 21, leaving the SPR with 401.7 million barrels.”

    Oct 26, 2022 26:14 AM

    The Housing Market Appears To Be Melting Down Rapidly

    Dave Kranzler – Seeking Alpha – Oct. 26, 2022

    When the CEO of a homebuilder admits publicly that “demand clearly slowed” during Q3 and was “even more challenging in October,” you know the market is in trouble. Unfortunately for the CEO of PHM, the housing market is in worse shape than just “challenging.” But I’m sure he knows… I’ll be reviewing Pulte Homes in the next issue of the Short Seller’s Journal. The commentary below is from the October 23rd issue.

    “The housing market appears to be dissolving quickly. The National Association of Homebuilders sentiment index fell for the 10th straight month to 38 vs expectations of 43. Housing starts in September also fell 8.1% from August and were below Street expectations (-7.2%).”

    Oct 26, 2022 26:49 AM

    /NG 30 minute…..Confluence zone of a .382 and a .618 retracement…Will work as entry as long as this IS a correction in a new bull market on the 30 minute fractal…glta

      Oct 26, 2022 26:27 AM

      Building of ‘Golden C’ now in progress.

        Oct 26, 2022 26:40 AM

        agree BDC…if this 30 minute ung breaks below the .618 on wide candle and/or w volume it is retest of low or more eventually…

          Oct 26, 2022 26:58 AM

          Larry, Monday’s pre-market slingshot (island reversal like) breakout was the strongest in nearly a year of my study:

            Oct 26, 2022 26:05 AM

            BDC….ung is black is that why…or it is a 6 is that why strong or both is that why strong…lol…i have no idea

            strong means probably only a .382 retrace?

            Oct 26, 2022 26:24 AM

            Yes (note the legend) and “6” with “.” means pre-market: “6.” where pre-market action is like a prefix.

            Oct 26, 2022 26:01 AM

            only black or grey defined…not personal ..but done…too vague

    Oct 26, 2022 26:35 AM

    /NG weekly view shows probability of lower target zone ahead..At the two TAS bullish structured horizontal support..Also at the red horizontal TD9 support previous breakout….So it will depend on candlestick clues and technicals down there for the buy…Funny how media was marketing endless nat gas shortages etc…glta

    Oct 26, 2022 26:09 AM

    Defiance still on sale…

      Oct 26, 2022 26:58 AM

      Yes, indeed it is Dan. I decided to throw another shrimp on the barbie and add a 2nd tranche to my new Defiance Silver position after having sold out of it completely earlier in the year. It’s starting to look like a bit more compelling risk/reward setup again to me, and as mentioned yesterday, some of this excessive selling we saw this week was online influencer Gold Ventures and his throngs of followers on Twitter jettisoning their positions.

      Silver is starting to claw it’s way higher. Their recent drill results were still good (not amazing, but still solid showing the Veta Grande vein system at San Acacio is trending deeper than prior drilling and is continuous to the east). So, they are continuing to expand resources and prove out their thesis while many fickle weak hands ran for the exit doors since the Q1 rally, and really accelerated the selling over the last few months and even the last few days.

      DEF is not really my favorite silver explorer/developer, but definitely one I like having a small weighting in in my portfolio, for the potential for upside surprises in exploration, and an eventual appreciation for growing their deposit out further.

        Oct 26, 2022 26:19 PM

        Hi E$x, it makes me laugh when someone is referred to as online influencer Gold Ventures, isn’t that the same as Pump and Dump Stock Guru. LOL! DT

          Oct 27, 2022 27:34 AM

          Sometimes it can be, but is that much different than newsletter writers, promotional services, or many sell-side firms?

          They all talk their book, and why they like a stock. If others didn’t see value in that, then they wouldn’t have any followers.

    Oct 26, 2022 26:18 AM

    All green in the metals and my account has some up, some down and one misreported for a grand total 45 minutes after opening of……. Zero

      Oct 26, 2022 26:32 AM

      Added a few to Surge Battery, Go Metals and Tectonic Metals.

        Oct 26, 2022 26:48 AM

        Added more Defiance also as the Sale became the Blue Light Special.
        Red Cloud put out an October 26 Update with a Target Price of C$1.40

    Oct 26, 2022 26:39 AM

    10:35 CST:
    Gold +17.75
    Silver +.209
    Copper +.1552
    Plat +39.55
    Pall + +35.23

    Dollar -1.195

    My Account Red.
    Disney has taken over all daily Script Writing

      Oct 26, 2022 26:29 AM

      Predestination as an Economic Theory continues routinely.

    Oct 26, 2022 26:40 AM

    pretty anemic lift for gold and sector equities considering the direction of dxy dollar chart and cdn central bank news on pulling back on level of rate increase.
    You know what they say about the lack of market lift when the news is relatively good.
    Well, you don’t want to see what happens when the news turns negative

    Oct 26, 2022 26:42 AM

    The dollar has broken down and this drop is unlikely to be like the those of May and July. That is, the September top is unlikely to be exceeded anytime soon like the May and July tops were.

    Oct 26, 2022 26:42 AM

    Sell your Canoe and ride the waves with a parachute.

      Oct 26, 2022 26:57 PM

      A sign of hope for stockholders and a sign you need a heavier coat for others.