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Comments of the Day

24 December 2019



Video commentary for December 23rd 2019


Eoin Treacy’s view

A link to today’s video commentary is posted in the Subcsriber’s Area. 

Some of the topics discussed include: yearend rotations, unhedged gold shares outperforming, precious metals steady, Europe breaking out to new recovery highs, JGB yields back above zero, 



Interesting charts December 23rd 2019


Eoin Treacy’s view

We are heading into the last week of the year. Therefore, when people come back from their break in early January, it is the trading activity that occurs this week which will have the strongest bearing on their perception of where value is to be found in the first quarter of 2020.

It is quite normal for trends that begin in the last week of the year to persist into the first quarter so I thought it would be useful to simply highlight the markets exhibiting a new condition of relative strength or weakness right now.

The DJ Euro STOXX 50 found support in the region of the upper side of a six-month range at the beginning of December and continues to push up towards its 2015 peak.



China Denies Report of Forced Labor Over Tesco Christmas Cards

This article by Corinne Gretler for Bloomberg may be of interest to subscribers. Here is a section:

Such notes have been discovered in products sold by brands like Walmart Inc. and Saks Inc. in the past decade as western companies’ reliance on Chinese production has meant exposure to chains of sub-contractors that reportedly make use of prison labor. Low-cost sourcing in China has been a double-edged sword for companies caught up in questions over the provenance of the goods they sell.


Eoin Treacy’s view

Prison labour is widespread in China but it would seem to be a major lapse in judgement to use prisoners in a facility warehousing English speaking journalists who could narrate messages to inmates.



Saut Strategy Soooooooooooooooooo?!

Thanks to a subscriber for this report from Jeffrey Saut which may be of interest. Here is a section:


Eoin Treacy’s view

A link to the full report is posted in the Subscriber’s Area.

It’s all about the consumer. If the consumer is working, they are spending and that helps to keep the economy chugging along. Therefore, unemployment rates remaining well contained are one of the primary factors in ensuring growth remains on an upward slope.  



Eoin’s personal portfolio: precious metals long increased December 11th


Eoin Treacy’s view

One of the most commonly asked questions by subscribers is how to find details of my open traders. In an effort to make it easier I will simply repost the latest summary daily until there is a change. I’ll change the title to the date of publication of new details so you will know when the information was provided.