Joel Elconin – Flat Markets, Riots In China, Musk Goes After Apple, Comments On Commodities

November 29, 2022

Joel Elconin, Co-Host of the Benzinga PreMakret Prep Show joins us for a broad market recap. We start with the general sideways movement over the past 2 weeks after the run higher that started in mid-October. We then move to the riots in China and market volatility they have caused. Next up is Elon Musk’s attack on Apple. This ties into Tesla’s poor price performance this year.



Click here to visit Joel’s PreMarket Prep Show 

    Nov 29, 2022 29:22 PM

    China Covid Cheer, Musk vs. Apple, Weak Eurozone Inflation – What’s moving markets

    Geoffrey Smith – – Nov 29, 2022–whats-moving-markets-2953553

    Nov 29, 2022 29:59 PM

    Kico news on gold Tuesday.

    Gold price can still drop to $1,300 as investors exit ‘underwater’ ETF trades into year-end

      Nov 29, 2022 29:03 PM

      Gold price can still go anywhere (higher or lower), but the question is what is most probable?

      $1300 gold by year-end would be a massive sell-off of $466 from where it is trading currently at $1766. That seems quite improbable, but sure, anything is possible, but so is the converse of it adding $466.

      Most of those kinds of pricing targets are just “shock and awe” targets and people taking wild ace guesses. Maybe if there was a huge stock market crash we could see gold at $1300 in just 1 month, but again, that seems a bit far-fetched. Gold is only about $60 away from making a higher annual close than where it closed last year, and that would be pretty good considering what a rough year in the markets it was for most sectors.

    Nov 30, 2022 30:03 AM

    Common sense analysis from Detroit.