Bakes' Takes Podcast - Episode 21 - 7/25/20-Bond prices down! Gold, silver, uranium up! Will Trump Clinton Biden?
Bakes’ Takes Podcast Show Notes –Saturday July 25, 2020 :24 1) Bonds are going down! :38 2) Gold, silver, uranium are going up! :46 3) Neil Brennan, 3 Mikes! Jordan Harbinger’s Podcast! 1:03 Bakes’ Takes—Fan Mail! Calls! Questions! Mike! John D., PA—love the podcast, phenomenal, turned buddies on to it, interested in URNM—gold? $4000/oz? silver? Ridiculously good dovetail for number of topics I want to cover 3:22 Bakes’ Takes—Bonds are going down! 4:00 Interest rates up 1%, Bond Prices down 10% 6:30 Bakes’ Take—Reporters of the Week! https://www.wsj.com/articles/gold-prices-hit-record-high-as-dollar-drops-11595846182?mod=searchresults&page=1&pos=4 Gold Prices Hit Record as Dollar Drops Weakening dollar adds momentum to gold’s summer surge, propelling metal above 2011 intraday peak By Joe Wallace Updated July 27, 2020 2:05 pm ET Monday’s record marked a milestone in gold’s bull run, which many traders rank alongside those of 2008-11 and the late 1970s. The gloomy outlook for the world economy, a decline in interest rates, rising tensions between the U.S. and China, and the dollar’s depreciation have fueled the surge as investors have bought assets they perceive to be havens. 7:50 “There are still a lot of things to be worried about, which is why gold is attracting all this attention and all this money,” said David Govett, head of precious metals at commodities brokerage Marex Spectron. Mr. Govett added that gold could be knocked off course in the event of a correction in the stock market that prompts investors to sell precious metals to meet margin calls. Charts extended short-term, ground up on ok volume, researching all charts this weekend, new ideas coming , stay tuned. Bakes’ Takes—Charts/Tweets of the week! 10:18 @quakes99 12:00 That’s a bull point, bear story is another Fukushima, comments? Others? 12:35 Tweet of the week—Prechter, Elliott Wave, read all the books, 5 waves up, 3 waves down, VIX set to triple+? 14:20 Reasons volatility likely will pick up, expectations elevated Covid-19—Deaths, vaccine timelines 15:41 Election-Trump should walk in given stock market up 50%, Biden big lead now, 3 months of surprises 16:25 Trump Clintons Biden? Earnings/Economic recovery 2021? Back to 2019 Gold/Silver/Uranium/Inflation China/South China Sea Many others Expectations leaning to positive, negative surprises will cause big swings 19:12 Pennant—wait for breakout or breakdown! 20:08 Growth vs. Value—Irrelevant! 21:04 Bakes’ Take—Podcasts of the Week! Josh Brown, Ritholtz CEO, 6:00 SPAC skepticism, 22:48 credulity, ipo’s best ytd, Larry McDonald https://www.thebeartrapsreport.com/ TSLA $300 b market cap with 4% + bond yields, in SPX? Lags after! 23:46 Josh—play with house money, $400 to $1500 this year! https://podcasts.apple.com/us/podcast/yes-its-bubble-draftkings-nikola-bill-ackman-spacs/id1456467014?i=1000485933781 26:17 Please subscribe, review and share my Bakes’ Takes Podcast on Apple, Spotify or your preferred platform. Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like. Thank you for listening, Mike Wilson is my producer. Have a great week. Bakes 26:52 Much needed levity—Neil Brennan, 3 Mikes! https://www.youtube.com/watch?v=kOM4g4Y300I