Joel Elconin – Earnings Season And Gold Market Recap
Joel Elconin, Co-Host of the PreMarket Prep Show joins us to share his thoughts on the current state of the U.S. markets.
We kick off by examining the recent volatility and choppiness in market performance, largely driven by unpredictable tariff news and the Trump administration’s announcements. Joel explains the impact of sector rotation on market stability, using examples like the S&P 500 and the Mag 7 stocks. The conversation further explores the challenges of momentum and breakout trading. Joel shares his thoughts on recent earnings reports from major companies like Apple, Google, and Microsoft, noting a shift in market sentiment during this earnings season.
We also discuss the appeal of safer investments like gold and the reasons behind its rising prices.
Joel offers his take on the looming inflation concerns, driven by tariff-related trade wars, labor market disruptions, and government budgeting issues. He cites insights from economist Blue Putnam on the increased risk of a recession. As the show wraps up, we look ahead to potential market-moving events on the horizon.
Hi Ex, (a small point) I recently read your latest substack missive that I must re-read on the weekend. One thing that struck me about Lion One Metals a small gold producer are the number of employees. LIO has listed 305 employees, a huge payroll where Integra in a better jurisdiction has 41 and also is a small producer. With that many employees they will always need to go back to the market, and they probably haven’t got a very efficient operation. DT
Yes, agreed DT. Integra has a smaller staff, bigger resources, a better operating producing gold mine, and a better value proposition than Lion One.
Ex – Please check your email. BDC
And those 305 in total may not be pulling in as much as the few at the top of the pay scale.
BIG PROBLEM………………Jobs Numbers…………
Lost In Today’s Job Revision Chaos: Over 1 Million Foreign-Born Workers Found A Job… And No Native Borns