Ed Moya, Senior Market Analysts at OANDA joins me to breakdown the moves in the gold, oil, and the USD. We address the comments made by Draghi at the ECB, tensions in the Middle East, and what to watch for at the Fed statement and press conference tomorrow.
Chris Vermeulen, Founder of The Technical Traders joins me for a look at the energy sector, metals, and US markets. He points out that the US markets as well as the metals are at very important levels. Over the next few trading days a decision will need to be made by the US markets which Chris thinks could be lower.
Chris Temple, Founder of The National Investor joins me to touch on the rising gold price. After a strong end to the week last week gold and the stocks are continuing to head higher. We also address the continued fall in yields and oil.
It is a good day to chat with Doc as we have gold moving higher and oil continuing it’s downtrend. We spend most of the time on gold as I have already received a couple excited comments on the back of the move today.
Chris Vermeulen, Founder of The Technical Traders joins me to focus on a couple commodities sectors. We start off with oil and a level that Chris is watching closely to buy. Then we look at the precious metals.
Doc is with us today and the general comment he shares is that everything sucks. We elaborate on why he is thinks a wide rage of markets and sectors are lacking any major trends. We also address the main areas to be worried about for all investors.
A number of headlines over the weekend and to kick off this have focused on the 5 week losing streak for the Dow. Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to address this comment and weigh in on if this dip is another buy the dip play. We also look to the bond market with falling yields and Bitcoin continuing to run higher.
This is shorter interview with Doc outlining the disappointing close in the PM stocks compared to how gold and silver performed. While ETFs like GDX and SIL still closed up, it was by less than half a percent. Not a good sign for the overall bullish argument. We also look at the oil sector which was hit hard by selling and is setting up for a new slightly lower trading range.