Joel Elconin – Rates Could Stay Between 3-5% For A Decade

April 5, 2024

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the breakout in key commodities with yields, the USD and markets remaining strong as well. Rate cut expectations have come down to less than 3 this year as economic worries subside and clearly money continues to rotate to a range of sectors. Now has been the time for commodities to shine.


A major statement from Joel is that rates will remain high long term – “Rates could stay between 3-5% for a decade!”



Click here to visit the PreMarket Prep website.

    Apr 05, 2024 05:39 PM

    Brixton metals acting very lethargic. Someone has a vested interest trying to hold it down I imagine and I assume that the floodgates will be opened eventually/copper resuming the trend up.

    Impact silver on fire monthly gap left behind. Anyone worried about that gap I tell you I hate monthly gaps.

    Overall like what I see we are at large resistance here 330 I pull back like others do but they won’t be a major major pull back. The bigger number remains 2480 to 2530 gold silver ripping it apart.

    I’m looking for moments of bouillon correction whether it’s in gold or silver and side trending for 7 to 15 days while the minors continued to rip higher

    Have a great weekend to all


      Apr 05, 2024 05:43 PM

      Hey there Glenfidish, thanks for sharing what is on your radar and your technical outlook.

      The market is still open for another 20 minutes, but it looks like we’re going to see another new all-time high for gold on the daily/weekly charts, which is nice. Also silver is going to put in the highest daily/weekly close that we’ve seen in quite a while… also bullish and constructive.

      I had put out a special alert on the silver breakout mid-week, stating that we’d need to see how things wrapped up the week, but overall it was very bullish action.

      Here it is again for anyone interested: (I’ll be updating those Silver, Gold, GDX, GDXJ, SILJ charts again for the weekend — Week In Review update).

    Apr 05, 2024 05:39 PM

    There’s a Serious Catch in the Jobs Report — And No One Is Talking About It

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    “The March NFP has enough holes in it to not be considered anything close to a ‘blowout’ report. Let’s take a deep dive into the numbers, warts and all…”

    Apr 05, 2024 05:29 PM

    Ditto Glen…. on Gold ripping it apart…………

    Apr 05, 2024 05:53 PM

    IPT finished the week up 62% (143% since bottoming) and the technical picture couldn’t be better.