Joel Elconin – Exploring Meme Stocks & Commodity Surges
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins me to share his thoughts on a wild week for Meme stocks, large US markets moving to all time highs and key breakouts in a range of big commodity markets.
We dive deep into the recent surge in meme stocks like GameStop and AMC, driven by tweets and pre-market trading. Joel explains the domino effect of short squeezes, and how algorithms and institutions play a major role. The conversation also touches on the performance of U.S. markets, the impact of central bank policies, and the influence of China’s economic measures on commodities.
Click here to visit Joel’s website – PreMarket Prep.
Upcoming live event! May 23rd at 12:30pm PDT
- Fury Gold Mines – Updated Resource Estimate At Eau Claire, High-Grade Gold Portfolio in Low-Risk Jurisdictions
- Tim Clark, President and CEO, and Bryan Atkinson, Senior VP Exploration, will join me to recap the recently updated Mineral Resource Estimate at the Eau Claire Project as well as provide a full overview of the Company. The updated Resource is now just under 2million gold ounces.
Click here to register and tune in live!
Nice to see silver blast above $30 resistance to make the strongest weekly close in years. The close today at $31.26, was well above all the recent peaks for the last 4 years, including the #SilverSqueeze peak of $30.35 back in early 2021.
This is hugely significant on a technical basis, and especially nice to see it happen on a Friday to end the weekly candle on a high note.
Silver short squeeze is on .