Trade War Escalation Shift Money To The Risk Off Assets
We start another week discussing the trade war between the US and China. Tensions are ramping up again and the markets are selling off, with US markets down over 2% across the board. Money is flowing into risk off assets such as treasuries and gold.
Chris Temple and I discuss what this all means for the markets and the economies of each country. There are a lot of comments regarding which country can outlast the other and if China is really dumping US dollars.
Key Topics For Metals Investors – Chinese Data and US Market FOMO
Lobo Tiggre, Editor of the Independent Speculator joins me today to look at some of the other areas that have a large impact on the metals markets. First is the recent data out of China that has been generally better. The argument can be made that it’s all the PBoC freeing up capital but Lobo has some other ideas on the actual data presented. We then move to the US and the sense of FOMO that encompasses the US markets. These are two major drivers to the metals markets. Even Lobo points out that there could be some more downside but he is not selling his positions.
China’s Demand For Resources and A Company The Jayant Thinks Has Some Near Term Upside
Jayant Bhandari joins me today to share some details on a recent trip he had to Hong Kong. He thinks that China is doing much better than some of the recent data and commentary has been outlining. This will all lead to at the very least stable demand for a wide range of resources.
We also discuss Ascot Resources. Jayant thinks the recent selling after the closing of the IDM Mining acquisition has put some selling pressure on the stock which could provide a near term upside opportunity.
Please email me with your thoughts on Ascot Resources or any other other companies you want us to take a look at – Fleck@kereport.com.
Lot’s to look ahead to… US economic data, Brexit updates, and the possibility of foreign money flowing into China.
Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc To Market website joins me for a look ahead to data on tap and that has already been released. There is a lot of negativity as we turn the corner into Q2 but Marc has a different take of things. He thinks the economy could be in for a period of slightly better data and a little reprieve from the downtrend. Remember markets tend to lead the data.
Hour 1 – US Economic Data, Resource M&A Activity, and An Update From Novo Resources
This week’s show is packed with some important comments from Peter Boockvar, Matthew Zabloski, and Quinton Hennigh. As we ended the week the US markets started a short term breakout while the precious metals started to breakdown. We focus on the big picture themes for US markets, global economies, and the metals. Also be sure to listen to the comprehensive update on Novo Resources to wrap up the first hour.
Segment 1 and 2 – Peter Boockvar, Chief Investment Officer at Bleakly Advisory Group shares his thoughts on the recent data out of the US, China, Europe. Plus we address the recent comments out of the Fed regarding inflation running over 2%. – Click here to visit Peter’s site, The Boock Report.
Segment 3 – Matthew Zabloski, Managing Director at Delbrook Capital takes a look into the resource sector. We discuss large number of resource funds shutting down and recent M&A activity.
Segment 4 – Quinton Hennigh joins me for a comprehensive update on Novo Resources. It’s along interview but answers a lot of your questions.
Weak Data Out Of China and A Consolidation Of Major Gold Producers
Chris joins me today to comment on the weaker than expected data out of China and a consolidation of majors in the gold sector. Regarding the data, we continue to see poor data out of China which is making the overall investing environment a choppy affair. As for the gold market we now have Newmont and Goldcorp combining to form the largest gold company in the world. What is this saying about the overall gold sector?