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Jobs Data, Interest Rates, Gold Moving Up, PBoC Currency Tinkering

Cory
August 3, 2018

Recapping the news from today and this week Chris Temple and I cover a number of different topics. We start with the jobs number today being a net neutral and the Peoples Bank Of China raising forex requirements to 20%. Then a couple comments on interest rates stuck, especially the long end, and gold getting a bit of the bounce there is a lot to consider in today’s market.

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Discussion
14 Comments
    Aug 03, 2018 03:04 AM

    VTT Vendetta Mining Corp – Meet the neighbors

    by @Pete on August 2, 2018 #ZINC #LEAD

    https://ceo.ca/@pete/vtt-the-neighbours

    Aug 03, 2018 03:01 PM

    Gold Prices determined by USD/CNY – Frustrating for Now, Great for Long-Term

    The price of Gold today is determined by USD/CNY, period. Any analysis of Gold is basically a review of USD/CNY, plain and simple. Once you understand this, the reason for Gold’s performance recently becomes clear.

    http://www.commoditytrademantra.com/gold-trading-news/gold-prices-determined-by-usdcny-frustrating-for-now-great-for-long-term/

    Aug 03, 2018 03:53 PM

    Liberal Hero Chomsky Admits “Israeli Intervention In US Elections Overwhelms Anything Russia Has Done”

    “…whatever the Russians may have done barely counts or weighs in the balance as compared with what another state does, openly, brazenly and with enormous support.”

    https://www.zerohedge.com/news/2018-08-03/liberal-hero-chomsky-admits-israeli-intervention-us-elections-overwhelms-anything

      GH
      Aug 04, 2018 04:44 AM

      Truer words never spoken.

    Aug 03, 2018 03:21 PM

    This candleglance chart of the #Uranium miners is interesting to review.

    > Select the duration drop down for 6 months and 1 year on this chart.

    It’s quite revealing that #Producers were the prime movers, and US #developers did well over the last year.

    (especially since much of the speculative retail investors were obsessed over explorers in the Athabasca Basin or Africa, and many “experts” warned investors to steer clear of the dreaded producers….) 😉

    $URA $CCJ $UUUU $URG $UEC $DNN $NXE $AEC $UEX $GXU $SYH $WUC

    https://stockcharts.com/freecharts/candleglance.html?URA,CCJ,UUUU,URG,UEC,DNN,NXE,AEC.V,UEX.TO,GXU.V,SYH.V,WUC.CA|B|

    Aug 03, 2018 03:20 PM

    Gold ends at more-than-1-year low as dollar shifts higher for the week

    MarketWatch – Myra P. Saefong • August 2, 2018

    https://finance.yahoo.com/m/c60d2a85-b7d5-3542-ac2d-a0ef96f5c8e9/gold-ends-at-more-than-1-year.html

      Aug 03, 2018 03:09 PM

      This was a good post from a user at ceo.ca called @gsdirectroyalty:

      __________________________________________________________________

      @gsdirectroyalty – “1/2 Amid the multi year low share prices, pathetic volume on the TSX.V, and negative, cynical and downright crabby moods of speculators there are some interesting data points. I’m telling myself, PAY ATTENTION!”

      “Since the spring we have seen four significant M&A transactions in the Jr resource space; Hecla taking $KDX, South 32 taking $AZ, Orion taking $DNA, and now Coeur taking $NM. It can be argued that each of these is a one-off, situation specific transaction but four in a short space of time looks like a trend. A common denominator of all of the acquired projects is high grade. While $NM’s Sterling project isn’t high grade in the usually understood sense (u/g), it is the highest-grade open pit development project in the western US and Northern Mexico.”

      “Two of the best performing stocks in the sector over the last six months are $SIL and $WDO. The common denominator is consistent high grade.”

      about 10 hours ago

      https://ceo.ca/index?ea4232a294d4

    Aug 03, 2018 03:30 PM

    Chris has great instincts. I enjoy listening to his opinions.

      GH
      Aug 04, 2018 04:46 AM

      +1!

    Aug 04, 2018 04:49 AM

    Thanks…I do my best!