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Thursday views from Chris Temple

Big Al
July 17, 2014

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51 Comments
    Jul 17, 2014 17:42 AM

    CHRIS TEMPLE ! COMMON MAN ! ASKE THE GOVERNMENT ! YOUR FRIND’S NOW !!!!!!!!!!!!!! https://www.youtube.com/watch?v=tl2ke-DL2XE

    bb
    Jul 17, 2014 17:49 AM

    I doubt Putin would shoot down an airliner, why?

    I think it could have been an accident, it could also be an attempt at a “false flag”.
    Incredible that airlines would fly through warzones, I hope some families of the passengers sue the airline for being so stupid.

    Jul 17, 2014 17:12 PM

    Please don’t get caught up in these news “sideshows”; these are there simply to divert your attention from the bigger picture: debt creation for the American’s and Z**nist take-over of the remainder of the world. Now, please think of the stock market as the “debt market”….as the market (debt) goes up, so does the money owed back to the bankers. People are fooled into thinking it Is wealth creation, not debt creation; remember every dollar in circulation is borrowed into existence, with an interest rate attached to it, and both principal and interest must be paid back to the banks, and the banks love that fact! Time to wake the flock up, sheeple.

    Jul 17, 2014 17:16 PM

    Al, the “powers that be” want you to get upset at these “sideshows” like the plane event; being angry clouds your thinking and diverts your attention to events you cannot control. Stay calm and have a cocktail.

      Jul 17, 2014 17:22 PM
      Jul 17, 2014 17:28 PM

      Don’t need a cocktail Mark. I know what you are saying and I do not disagree.

        Jul 17, 2014 17:53 PM

        BREAKING NEWS……Israel sends ground troops into Gaza….from ZEROHEDGE…….
        What great timing , while everyone is focused on the airline story…………………….
        THIS WHOLE THING STINKS !!!!!

          Jul 17, 2014 17:12 PM

          Israel have been warning for about a fortnight that an invasion was likely.

          However, the conspiracy lot will now point to that Malaysian Airlines 777 that Israel bought several months ago and which has been sat on the tarmac at an Israeli airport ever since.

            Jul 17, 2014 17:27 PM

            That plane was owned by the Israelis?

          Jul 17, 2014 17:39 PM

          Timing is everything Mr. Irish!

          Jul 17, 2014 17:42 PM

          All the denial and lais will eat you https://www.youtube.com/watch?v=o5abfYqJG-8

      bb
      Jul 17, 2014 17:54 PM

      I don’t think people will “wake up” in numbers great enough to make any difference.
      They will get upset when their out of work and hungry, they will have no idea why or how they got into that position. And, with enough food stamps they may never get hungry and therefore never get upset.

      Interesting story I read yesterday about the imigrants entering the U.S.
      Some people are saying it has to do with the US Canada and Mexico basically joining, maybe even starting to use the amero.

      There has been more talk of mexico going to a silver backed currency, Mr Price is saying there is only 3-4 people in the way now, but if I recall he said there was only 3-4 people in the way 6 months ago.

      Sry no links, would have been ZH or Silver doc most likely, Ed Steer maybe.

      Jul 17, 2014 17:26 PM

      This has been going on for quite some time Mark. The public does get diverted from the real issues. Sad but true!

    Jul 17, 2014 17:52 PM

    Al:

    Who is the Steve Downey you referred to?

    Thanks and welcome back.

    Jim

      Jul 17, 2014 17:42 PM

      Timing is everything Mr. Irish!

      Jul 17, 2014 17:43 PM

      Thanks J Mac.

      He is a retired stock broker who Laura Stein, I believe, introduced me to. He sends me material daily and I will start posting it.

    Tom
    Jul 17, 2014 17:57 PM

    Take a look at Hurco Machines (HURC) they are making an addon to turn their CNC machines into 3D printing machines….This is my industry and it sounds very exciting!

      Jul 17, 2014 17:44 PM

      Thanks Tom

    Jul 17, 2014 17:04 PM

    What about that Malaysian Airliner that went missing a few months back? Does anyone know if the one shot down was the same kind? Would be interesting to know.

    Jul 17, 2014 17:15 PM

    Al
    That was my initial response also to the downing of the plane -P-O’d
    I thought gold & silver went up because people came to their senses re the poor housing numbers and the phony job recovery and over priced stock market. Then I saw the plane story…..

      Jul 17, 2014 17:28 PM

      Yep!

    Jul 17, 2014 17:52 PM

    I can’t believe anything I am told. I don’t trust the Russians. I don’t trust the Ukrainians. I don’t trust Obama so I can’t trust the Americans. If the main stream press wasn’t bought and paid for, I could trust them to shed some light on the situations but I can’t trust them either.

    What do I do? Watch Aljazeera? They seem to be the only ones that have reporters willing to put their lives on the line in the name of the truth…..Imagine saying that shortly after 9/11? How much crazier can the world get? The lunatics are running the asylum.

      Jul 17, 2014 17:29 PM

      You make a very good point, Paul!

    Jul 17, 2014 17:35 PM

    What do u know…. guys… another malaysian airline plane crashed again … now in ukrainr … and dont know who shot it … well done malaysia … gold now strike back … this is crazy … 230 to 295 passengers on board

      Jul 17, 2014 17:13 PM

      It is more than crazy! It is also terribly sad!

    Jul 17, 2014 17:36 PM

    Thats my country man

      Jul 17, 2014 17:05 PM

      AZIZ, my wish for you is that you didn’t have any friends or relatives on that plane who were coming home from… wherever. But what in the world were Malaysian Air’s dispatchers thinking to plot a flight plan anywhere near a war zone? Someone is going to pay dearly, not that it will bring any of the victims or their families any consolation.

        Jul 17, 2014 17:31 PM

        Dallas,
        You NAILED it…the question is WHY?…who is that stupid!!??

        Jul 17, 2014 17:09 PM

        Well dallas man MAS , the airline is making losses of MYR5m everyday … which is equivalent to USD1.6m everday … everyday…. im tellin u …. so the path within the war zone might be a path which uses less fuel… while MAS is a bleeding company… its also one of the most corrupted company in malaysia… it has 11 different staffs unions …with only 20k staffs!!! World record. That number 20k should and must be reduced to 10k … why? They are extremely overstaff … this is political and cronism , nepotism , corruption issues as thebackground

      Jul 17, 2014 17:14 PM

      Aziz,

      I, of course, second the thoughts of Dallas.

      Any personal thoughts on why this happened?

        Jul 17, 2014 17:13 PM

        Well dallas man MAS , the airline is making losses of MYR5m everyday … which is equivalent to USD1.6m everday … everyday…. im tellin u …. so the path within the war zone might be a path which uses less fuel… while MAS is a bleeding company… its also one of the most corrupted company in malaysia… it has 11 different staffs unions …with only 20k staffs!!! World record. That number 20k should and must be reduced to 10k … why? They are extremely overstaff … this is political and cronism , nepotism , corruption issues as thebackground

    MONIKER CHANGE…………………….

    Jul 17, 2014 17:59 PM

    U KNOW what gold in malaysia language? It is “EMAS” … WELL I surf the internet everyday searching war news in iraq and ukraine and other places … why? I have too many gold to carry and too much debt … bad news and wars are good for precious metal . Im glad gold strike back … yet I also own malaysian airline services ltd SHARES… symbol MAS … so I m not quite happy … see EMAS and MAS … I bought this mas shares 78,400 units at 25 cents. I knew its a bleeding company… yet it’s owned by the gov, im buyin on that premises… I bought it on a particular day which was on wednesday … within 2 days… on friday, the same week… it was announced one mas mh370 is missing… haha talking about bad luck … it went down on the next monday to 19.5cents… then rise to 24 cents… weeks later it went down to 15 cents … on paper I lost 2/5 of my money buyin this mas … yet some rumor about mas privatization, a month ago made it rise to 26 cents… well that was 1 cent profit… yet im reluctant to sell for just a 1 cent profit… because when it went down to 15 cents… im patient enough not to sell because thats a 10 cents loss!! … yet yesterday the price was closingat 22.5 cents…. I think im a bit scared now.. I will just this stupid MAS and hope for my EMAS-gold in malaysia language … haha what a jinx

    Jul 17, 2014 17:00 PM

    And now another is shot

      Jul 17, 2014 17:10 PM

      A profit, no matter the amount, is a profit!

    Jul 17, 2014 17:50 PM

    Al…I can’t say enough good things about your blog report.
    All the guests are great to listen to and have valid points.
    Keep up the good work.

    Jul 17, 2014 17:51 PM

    By now it will be obvious to some that beaten down commodities will most likely turn up again in the very near term and that stock markets will correct before the Feds bond buying program ends in three months time. These two markets (commodities and equities) are currently showing signs of rising and falling inverse to one another.

    Judging from the perspective of the Federal Reserve and with regard to the termination of QE in October this year it seems to make the most sense to me that a stock market correction CANNOT happen in the months of September or October as this would validate suspicions that QE alone is what keeps markets afloat.

    In other words, should markets see a long overdue and much needed correction then it would happen with a higher probability during the summer months such that markets would be in a position to reverse and run higher when the conclusion of QE actually arrives in October.

    I strongly doubt that markets will blow off or crash once the last announcement of the taper has been made this fall. Since that is the time period most are now waiting for and betting against it seems improbable they will be rewarded for following that logic.

    Instead we need to be on heightened alert of an imminent correction. I mean by next week.

    I appreciate objections that my outlook is cynical but events appear to be lining up to support that view. We already have it hardwired in our systems that October is a month of danger and one to be feared due to historical precedent. With current investor sentiments pointing to a widespread belief that equities are overinflated and possibly in a bubble then the risk of a sharp sell off will increase as we approach that month.

    That must therefore be avoided. Instead, we are now seeing some of the larger players exiting equities and shoring up cash as retail investors re-enter the fray. In aggregate capital inflows are on the rise but it does not point wholly to institutional support.

    In the meantime, worries over international crisis have risen sharply on the heels of the Israeli invasion of Gaza and the shooting of a Malaysian Airways passenger jet in Ukraine yesterday. Tough talk from the US administration on Russia is ramping up and stocks look to be stalling due to uncertainty. My view is we are heading directly for a US equities correction of as much as 10% that could begin as early as this coming Monday morning July 21st and that gold and precious metals could rise sharply along with wheat, crude, coffee, other softs and US bonds.

    I also believe a corrective period will carry through most of August and thus set up the conditions needed that will see equities again on a strong buy footing through September and October and thus permit the Fed to execute the final closure of its exceptional easing programs without there being negative market consequences (taper tantrums) that will directly impact on their decisions nor force another round of stimulus.

    So now is a good time in my view to position on wheat, corn, soybeans, gold, silver, platinum, sugar, coffee, cotton and others while preparing to go short the major US indices on a summer basis.

    Equities should then rally through the fall and early part of winter in my scenario. My longer term target for the Dow is to exceed 27,000 in two years time but I do not think that is possible without an intervening correction. The termination of QE is absolutely a key marker in time here. We all see this coming and options traders are already betting we see an October crash.

    I think they will be wrong.

    (These comments are merely my personal predictions and beliefs. I do not recommend to anyone to make bets along these lines. You still have to think for yourself and keep in mind the markets are very fluid now and can change on a dime. The VIX is again on the rise though. Come to your own conclusions)

      Jul 18, 2014 18:50 AM

      Bird…..Thanks for your thoughts….you raise some interesting points.

        Jul 18, 2014 18:43 AM

        Anytime Tony. Cheers.

    BILL GROSS IS BUYING ALL THE BONDS…………the fed has tricked him into this insane position……………Bill is now the loose canon………..Bill Gross is a cooked goose.

    “Modest positions” ……should be in ………….food, ammo. and camouflage ……….