Joel Elconin – Bank Of Japan Surprise Policy Shift, Market Rebound, Tech Stock Problems and PMs Pop Higher

December 20, 2022

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the surprise policy shift by the Bank of Japan shifting slightly away from yield control and follow up market moves today. The US Dollar is dropping, helping to push gold and silver higher with markets also moving up. We also look at the tech sector which continues to be under pressure which has investors searching for new market leaders.




Click here to visit Joel’s PreMarket Prep website.

    Dec 20, 2022 20:54 PM

    Retail Sales Fell 0.6% In November As Consumers Feel The Pressure From Inflation

    by Jeff Cox • CNBC – Thursday

    – Retail sales for November declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop.

    – Weekly jobless claims fell to 211,000, a decline of 20,000 from the previous period and well below the Dow Jones estimate for 232,000.

    – Fed surveys from the New York and Philadelphia regions showed contraction in manufacturing activity in December.

    – Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday.

      Dec 20, 2022 20:57 PM

      Retail Sales Fell in November, Despite Black Friday

      By Jordyn Holman – The New York Times – Dec. 15, 2022

      “Retail sales fell in November, with spending on even traditionally popular gift categories like clothing and sporting goods declining, a sign that high prices for necessities like food are affecting how people approach the holiday shopping season.”

      “Inflation changed the way U.S. shoppers approached the holiday season, while lower gas prices and a decline in car sales were also factors.”

    Dec 20, 2022 20:16 PM

    Silver Ethereum rounds available, I don’t even know what to make of this… can I get silver rounds in Ethereum? There is a bitcoin too but is just as ridiculous… I didn’t capitalize bitcoin because the name itself is a big fat LIE!!

    Dec 20, 2022 20:48 PM

    SIL:WPM ratio scraping along the bottom of a 10 year downtrend.

    Again, can someone explain to me why owning WPM is seen as more attractive than owning a silver mine over the last 6 weeks, with silver having basically made a mini moonshot over that period?

    this better be some sort of headfake in these ratios, because if not, it’s just depressing to think about.

    Shorting silver miners has had to have been one of the best hedges for a long stock portfolio or a long streamer portfolio in the world over the last decade, and nothing has changed yet.

    It begs the question: what’s the point in assuming all of that risk with silver miners???