Dave Erfle – Post-Fed Meeting, What Are The Catalysts That Will Move The Markets Next?
David Erfle, Founder and Editor of Junior Mining Junky, joins us to unpack the market response with the November Fed meeting behind us and with the acknowledgment that higher inflation has been stickier and not as transitory. We discuss what the market response was in the precious metals, general equities, and bonds both before and after the Powell spoke, and what upcoming catalysts may move the markets. Dave wraps up with discussing what moves he’s making in his resource stock portfolio.
Click here to learn more about Dave’s newsletter – The Junior Miner Junky.
GDX made it to fork resistance today while filling Friday’s gap down…
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p51003967057&a=1056562186
Someone is holding Brixton metals down and the lid is going to explode. I would not be shot I see to see a very big nice at some point. There seems to be a vested interest to accumulate here but it’s inevitable .21 in short order..
Glen
Ps Matthew if you have a fork chart for brixton to share it would be nice to see. Either a weekly or monthly would be nice.
Thanks
Here’s two forks that begin at the 2016 high:
https://stockcharts.com/h-sc/ui?s=BBB.V&p=D&yr=4&mn=0&dy=0&id=p17947432665&a=710499275
The weekly version of one of those:
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=6&mn=1&dy=0&id=p67364945424&a=635402369
We need .17 next week to clear that big speed line:
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=0&dy=0&id=p47821963138&a=748708237
Check out the 600 week EMA straddling that speed line around .70, it’s a magnet…
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=5&dy=0&id=p49407235622&a=777826699
There’s important resistance just above .25…..
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=6&mn=5&dy=0&id=p86951784402&a=681845445
Matthew great charts..
Very much appreciated
Precious Metals Royalty And Streaming Companies: The October Report
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Nov. 03, 2021 – Peter Arendas
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https://seekingalpha.com/article/4464807-precious-metals-royalty-and-streaming-companies-the-october-report
Looks like the homeless in California finally got some jobs or Santa is hiring.
Gold temporarily moves higher. Mike Mulvaney comments on CNBC from his hide-out somewhere in the world as an expert. Steve LIESman comments all out of breath. Wow…what a day?
Taper…taper…taper
The people programs are blamed and Wall Street bailouts, dark pools, front running, massive derivative debt, etc Never Mentioned nor the global debt problems…
Conclusion: wealthy do not need to pay fair share…
(Going back to my bomb shelter and watch re- runs of Jeopardy)
Inflation still on rise…
Unemployment 4.6%….or maybe over 20% except in the Hamptons
With all this “wonderful” news or whatever, they run the same miner algos. Alternating days.
L2, so true. People programs only good when they help the rich get richer.
come on gold, get over the line and join the party on crowd,
U.S. unit labor costs surged in the third quarter, while productivity declined at its sharpest pace since 1981…
https://www.reuters.com/business/us-labor-costs-surge-third-quarter-productivity-falls-sharply-2021-11-04/