Hour 1 – Featuring Axel Merk, Mike Larson, and an update from Auryn Resources
It was another volatile week for US stocks but the real standout was the continued fall in yields and a quick inversion of the 10year/2year yield curve. Recession fears are on the minds of traders which is helping the safe assets garner a buy. We focus a lot on yields in this hour and also get an update from Auryn Resources.
Please keep in touch by emailing me at Fleck@kereport.com.
Segment 1 and 2 – Axel Merk, President and CIO of Merk Investments kicks off the show with a comprehensive look at the markets. Take note of what Axel says regarding money flows into risk off assets being more a hedge right now.
Segment 3 – Mike Larson, Editor of The Safe Money Report focuses on the falling yields in the US. We discuss what this means for the Fed and why he continues to like defensive stocks.
Segment 4 – Ivan Bebek, Executive Chairman of Auryn Resources provides a full update and answers your questions on the status of the properties in Peru. We also discuss the work just completed at Committee Bay and the possibility of an asset.
Allison Ostrander, Director of Risk Tolerance at Simpler Trading joined me to share her views on the current market environment where volatility remains the dominant force. Her technicals have been pointing to high volatility and headlines have been delivering. We also touch on the type of stocks she is continuing to trade.
Well here we are forced again to discuss a tweets sent out by President Trump and the US/china trade war. On Sunday Trump sent out the tweet below…
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….— Donald J. Trump (@realDonaldTrump) May 5, 2019
….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!— Donald J. Trump (@realDonaldTrump) May 5, 2019
Chris Temple and I look at the market moves so far today and try to understand the strategy behind Trump pushing the Fed to change policies to support he market but then tweeting the above. We also discuss the potential opportunities for investors now that some fear is back in the markets.
Low Volume and Volatility – Where Is The Next Market Push Going To Happen?
Allison Ostrander and I discuss the low volatility and low volume environment for the markets. Stuck at just below all time highs and slightly above support there is going to be a break in one direction but it might take some time.
US Markets, USD, and The State Of The Union Speech
Chris Temple kicks off this week first with a comment on the US markets and the rollover it seems like everyone is waiting for. Taking a step back there are drivers that could move markets both up and down. We also touch on the US dollar and how the State Of The Union speech could impact a wide range of markets.
In the second hour I focus more on the gold sector as well as get a couple important company updates. Pay close attention to the final segment where Rick Bensingor shares a comprehensive update on US markets and even mentions his thoughts on gold.
If anyone is in Vancouver and attending the Vancouver Resource Investment Conference (VRIC) please be sure to swing by my booth or send me an email (Fleck@kereport.com). I’m more than happy to meet up at the show of in the afternoon to sneak away to watch the football games. If you are unable to make it email me with any companies you would like me to sit down with.
Segment 1 – David Erfle, Founder of The Junior Miner Junky shares his speech at VRIC about how to build a successful portfolio of metals companies.
Segment 2 – We get an update on Great Bear Resources from the CEO and President Chris Taylor. Great Bear had two news released out this week that included a very nice drill result that sent the stock higher.
Segment 3 – Craig Parry, CEO and President of IsoEnergy joins me for a uranium update. IsoEnergy just raised $5.5 million in an oversubscribed bought deal and is about to start drilling.
Segment 4 – Rick Bensignor, Founder of Bensignor Investment Strategies wraps up the show with some valuable insights on the US markets. We also discuss how the year could play out for the markets considering where the VIX currently is, the USD, and safe haven investments.
Doc joins me on Christmas Eve to look at the continued selloff in the US markets. We also finally saw the VIX spike higher which is further showing just how worried everyone is. Gold managed to continue its climb in this risk off environment.
I also want to thank everyone for the comments on the weekend show. To follow up on the discussion regarding comments focused on the topic at hand… Please keep the political comments to the political hour of the weekend show and any editorials focused on politics.
Wrapping Up This Week – The US Markets, VIX, and Commodities
Chris Temple joins me to wrap up this week in the markets. We start with the US equity markets which in the S&P’s case is very close to breaking the lows from early in this year. There is a lot of air under that support if broken. We also look at the move higher in the VIX but no where near an explosion higher. Finally comment on a couple commodity sectors that got hit on the back on weak data out of China and Europe.