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Volatility and Fear – Looking at the long term drivers for the markets, gold, and USD

Cory
March 6, 2020

Peter Hanks, Analyst over at Daily FX joins me to share his trading strategy for these volatile markets. We recap some of Peter’s comments from our last interview where he was looking for gold and the USD to continue to rise.

Click here to visit the Daily FX website and follow along with Peter’s calls.

Discussion
20 Comments
    Mar 06, 2020 06:24 PM

    That was a good one……….I posted that earlier…………
    Silver looking better all the time……as I said, with my post….
    Silver will shed the germs…………

    Mar 06, 2020 06:27 PM

    That was a good one……….I posted that earlier…………
    Silver looking better all the time……as I said, with my post….
    Silver will shed the germs…………
    On March 6, 2020 at 12:07 pm,
    OOTB Jerry says:
    THis should be interesting…………
    https://www.zerohedge.com/markets/who-warns-dirty-banknotes-may-be-spreading-virus-worldwide

    Reply to this comment
    On March 6, 2020 at 12:08 pm,
    OOTB Jerry says:
    Makes silver even better……………..get your silver now……..do not have to worry about germs……………..germs ………germs………oh, my……….. 🙂

    Reply to this comment

    Mar 06, 2020 06:00 PM

    I think all “gold bugs” on KER should forget gold trade and focus on oil stocks right now. They are dirt cheap ..if I have to define a term, they have already crossed the INSANITY Bollinger Bands IMO

      Mar 06, 2020 06:56 PM

      Which ones?

        Mar 06, 2020 06:33 PM

        There are so many good names that got hammered today. RIG, HAL, OXY, HPR. HAL & OXY pays pretty good dividend also.

    Mar 06, 2020 06:41 PM
    Mar 06, 2020 06:20 PM

    Here is one for you……..Muzzle that DOG…………..lol
    WOW! The “Bond King” Jeff Gundlach says gold is going a lot higher, doesn’t that mean bonds…and ALL other paper is going “a lot” lower? Do you understand? We assure you, if there is a “seizure” anywhere in credit, there will be a seizure everywhere. Please remember these words!

    “Gold Is Going A Lot Higher” – DoubleLine’s Gundlach Warns Of “Seizure In The Corporate Bond Market”

      Mar 06, 2020 06:21 PM

      As I said ……….he copied my words………Jeff must be watching us…..lol

        Mar 06, 2020 06:28 PM

        Humm, could be a trick….watch out………

          Mar 06, 2020 06:29 PM

          Boston Fed’s Rosengren Says Fed May Soon Have To Buy Stocks
          March 6, 2020

          Three weeks ago, former Fed Chair Janet Yellen incepted the idea that during the next crisis, the Fed should consider expanding the range of assets it would purchase, most notably buying stocks. Our comment to this was that “thanks to Janet Yellen, we now we know that before the current fiat regime of central banks finally ends and before stocks go limits up as the revolution starts, the Fed will order a POMO of, well, everything in one final, last ditch effort to keep social stability by creating the impression that stocks are stable and rising even as society implodes.”

          Well, thanks to experiments conducted in a Chinese P-4 biolab, the next crisis appears to have arrived in the form of the coronavirus pandemic, and the idea of the Fed buying stocks is now on the agenda, case in point Boston President Eric Rosengren, who echoed Yellen, and said the Fed should be allowed to buy a broader range of assets – either by change of mandate or through a facility that allows it to buy stocks – if it lacks sufficient ammunition to fight off a recession with interest-rate cuts and bond purchases. In such a scenario, the US Treasury should indemnify the Fed against losses, Rosengren said in the text of remarks scheduled for delivery Friday in New York.

    Mar 06, 2020 06:35 PM

    Humm……..Coronavirus To Boost Gold Price
    https://www.zerohedge.com/commodities/coronavirus-boost-gold-price
    SAME OLD STORY……..kind of True….. 🙂
    Why Gold Will Rise

    Gold has been a safe haven for thousands of years. And still, when economies contract, stock markets plummet, and banks fail, gold offers the best protection, as it’s the only financial asset that is no one’s liability. Gold has no counterparty risk and can’t be printed.

    Mar 06, 2020 06:44 PM

    But Jerry you cant eat gold though…haha. In all seriousness, you are right. These long term fundamentals cannot be ignored. At least, thet shouldnt be ignored by those who arent scared by a contrarian outlook.

      Mar 06, 2020 06:01 PM

      Oz……….This is a two thousand year old story……..money changes in the temple… 🙂
      Although they used silver in exchange…..makes you wonder, when silver will get a bid.

        Mar 06, 2020 06:05 PM

        changes……to changers…….

        Mar 06, 2020 06:07 PM

        When JPM (JP Morgan) lets it go. JPM – “Jail Precious Metals”

    Mar 06, 2020 06:17 PM

    Back by Popular demand……………..
    http://silverstealers.net/………………..not conspiracy folks…..and not the pied piper.