The US Stock Market Poised For Correction While Financial Conditions Continue To Tighten

Описание: 01:15 The setup for a broader equity market correction
03:50 US Dollar Index Chart an illustration of tightening financial conditions
05:30 Precious metals & miners chart review
07:00 Head, shoulders, knees, and toes in GDX chart
07:45 Best case scenario for gold miners near term
08:20 Newmont chart commentary
09:20 Uranium sector commentary (CCJ, NXE)

Despite a goldilocks non-farm payrolls report and blow-out tech earnings, US stocks have traded lower since Friday morning. There is mounting evidence that continued tightening financial conditions could tip stocks over into a full-blow correction in the coming weeks.

In this video I also review precious metals charts, GDX, NEM, and the uranium sector (CCJ, NXE).

DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.