Doc joins me today to share his thoughts on the moves in gold and gold stocks. While gold has broken to over 6 year highs but the stocks have not been able to break above the 2016 highs. It’s an encouraging environment for the stock but what will it take to drive them to break out?
Doc joins me today to take a look at some of the longer term gold charts. We also compare the gains in gold to the gains in gold stocks – using GDX. What is interesting is that the stocks did not have the same sort of breakout as gold. GDX came close to breaking the 2016 high but it did not get there. Take note of the time frames Doc is working with.
Doc is back with us this week to clarify some points he made last week and answer some of your questions regarding gold. Sticking to the big picture Doc is bullish but there could be some short term weakness.
Doc has some thoughts on how the gold market will move in to the end of the year. His lower targets keep coming up as the metals keeps consolidating moves higher in a stair stepping manner.
This was recorded just after the market close yesterday.
Doc and I recorded this interview right before the tweet by Trump regarding more tariffs on China. This tweet drastically swung the markets but the long term picture we discussed remains the same.
Doc joins me for a general discussion on US markets and a couple other areas that seem to be moving in slow motion. The easy excuse is the Fed meeting tomorrow but there is an argument for this to continue even past tomorrow.
Unfortunately today is a bit of a slow day when it comes to interviews. A lot of my typical contacts are on route to Vancouver (or getting ready) for the Sprott conference. So I am posting this call with Doc that will be featured on this weekend’s show. We look at the gold market and how gold is holding nicely in the face of a USD that is still in an uptrend.
Doc joined me today to first outline why he is now starting to buy American based uranium companies. After the Section 232 announcement last week these stocks got hit hard. We also discuss the gold market and some of the techincals Doc continues to focus on.
Doc joins me to field a couple questions on the gold and GDX charts. Gold is still nicely holding above the $1,370 breakout level while GDX has some gaps left by this recent run.
With Trump saying that the meeting with Xi went well, talks are back on the table and tariffs are delayed some of the geopolitical factors driving gold have dissipated for now. That is driving gold below $1,400. Doc joins me to discuss the action today and share why he is still bullish for the end of the year. When you have financial markets so headline driven all investors have to be ready for these events and take note of the bigger picture.
I hope everyone in Canada is having a very happy Canada Day!!