Chris Temple visits with Gary
Chris Temple, pinch-hitting for Al and Cory, discusses the U.S. dollar and its effects with Gary
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Thanks, Matthew — glad to lend a hand to keep things hopping!
I second that comment, Matthew.
Yes agreed. Thanks Chris – you’re a good man!
Good thoughts Gary. I tend to agree, and mentioned last week that PMs would take a breather, the dollar would show some strength. This will likely be short-lived and next week I would expect PMs to head up into April, and the dollar to trade sideways in a range to down. Having said that, I expect that the trends going into May will be the commodity plunge as the dollar surges higher towards 110 surprising everyone once again.
Good luck in your trading everyone!
Thanks for giving a hand today Chris, and good luck.
“Cool” to hear you leading the show.
Best,
LPG
Thanks, LPG – glad to step in when needed
Add me to the list who really appreciated the show today. Well done Chris (and great comments Gary!). I was happy to hear Al is doing Ok.
Ditto.. Great interview guys!
If the debt was at a manageable level the pessimism at least from my perspective would disappear, if they could only stop the yearly default by which the debt increases sentiment would start to turn in their favor. Until then I don’t see much hope. DT
That was a great interview – thanks Chris and Gary. Lots of stuff there to digest. I think I need to listen to the conversation a few more times.
Congress needs to pass an increase in the gasoline excise tax to more permanatly fund the transport trust fund. We need to get a 10 or 12 cent per gallon increase . I know this idea is not popular , but 19 years have gone by without an increase. Inflation alone would make a 12 cent increase fare. Politicians need to act like adults not kids. Best to all S
Inflation itself is unfair and unnatural. If the voters were adults they wouldn’t tolerate 99% of politicians.
Matthew….”LOVE” , your second sentence..so very true.
Inflation is the economic natural outcome of excessive money supply.
; something loved (inflation) because it produces increased taxation by virtue of non-flat taxation scales. Such hidden increased taxation is not protested against by the ill-educated morass of voters.
Yes, stupidity is natural so I guess one could argue that, by extension, so is inflation. It’s simply not natural in a system that uses money instead of credit masquerading as money.
Good points all the way up this thread Matthew. I am not sure we can solve stupidity or credit masquerading as money, but we can watch the signs in the interconnected marketplace by monitoring currencies, bonds, equities, and commodities, and plan accordingly. Until tomorrow….
Unlikely with an election year ahead, R. Scott…more likely – though still a bit of an uphill battle – is the corporate “tax holiday” being proposed again. Lots of $ would be brought back to the US from overseas if the feds were willing to tax it at a lower rate.
Having just put a few thousand miles on, I can attest to the fact that crumbling infrastructure demands that SOME way be found to fund this!
That is utter BS, Mr Hamilton. If there actually was a transport trust fund instead of putting such taxes into general revenue, it would have been more than adequate to have a good quality interstate system and maintain same in excellent condition.
You are advocating either an increase in taxation, which will impede economic growth, or advocating in favor of the “climate change” agenda, which has been proven false by the MAJORITY of educated people not being blackmailed by, indoctrinated by ideal of (ignorant) democrat greenies. Never forget GREEN IS THE NEW RED; as in Marxist.
Fully agree CFS.
WIth every word too.
I’m on their red list as a constitutionalist and will be exterminated.
Ready to die for our Bill Of Rights too. No one gives a damn but they will.
ITS ALL OUT WAR COMING. Texas will fight and die for human rights the
Fed doesn’t want us to have.
http://www.amtvmedia.com/shock-poll-republicans-see-obama-as-greater-threat-than-putin/
The above news I can believe.
You have got to be kidding me. Where does it say taxes have to go up?
Maybe if they spent the tax money on the roads instead of robbing it for other stuff they wouldn’t need more.
I’m sorry maybe you meant they need more money for kickbacks to the politicians. Is that what you meant?
Well done Chris, both of you made it worth our time!
Chris from TUS
Excellent interview! Well done.
THANKS Chris , tell Big Al to hang in there……………….JERRY
What will happen to The US dollar now That China is offering a trading alternative to The US Swift system, take Canada, their banks can now conduct CDN trade with China without buying US currency first. Does this mean that US money is virtual and can simply disappear if it isn’t in demand, or does it need to be brought back into The US through their banking system? DT
Over time, DT, the % of global transactions engaged in using the US $ will very slowly decline. It’s unlikely to be anything sudden. It will be a very long time before the yuan would ever be a global reserve currency.
My belief has long been — and this recent news helps confirm — that we are exiting the kind of regimen where ONE currency is king of the hill. Replacing it will be what we slowly see emerging now; a multi-polar world.
The net result for the US $ will be negative, given that its use won’t be nearly as “compulsory.” That will require ever more QE down the road – and devaluation – in order to keep things afloat. But again, this will be a painfully slow process, most likely.
Thanks for the reply Chris, I concur.DT
The high today for UUP so far has been my minimum target from last week.
http://stockcharts.com/h-sc/ui?s=UUP&p=120&yr=0&mn=1&dy=3&id=p27330227943&a=400599006&listNum=1
For non-SC subscribers:
http://stockcharts.com/h-sc/ui?s=UUP&p=D&yr=0&mn=1&dy=22&id=p25075491410&a=400666403
A move to 26 looks like a certainty now.
That’s what I was telling you last week my friend : – )
On March 27, 2015 at 12:05 am,
Shad says:
Yeah, we aren’t far from 25.85 in UUP, and I wouldn’t be surprised to see it go higher than that next week.
On March 27, 2015 at 6:55 am,
Matthew says:
I don’t know, UUP is looking pretty wimpy today…
On March 27, 2015 at 7:36 am,
Shad says:
Yeah, today is a wildcard, but I expect it to move up past 26 next week.
Yes you were. I’m just glad I have a free ride on a pile of puts. 😮
We are looking at 2 extremes concerning the $USD- on the Point & Figure scale , we see a projected target of 143. On the opposite end of the Spectrum, the unimaginable if China preemptively escalates to fruition the AIIF, and unilaterally rescales Gold 20-50% higher.
Where’s Doc today?
Maybe tending to Big Al?
GDXJ traded 12.6M shares today at a volume weighted average price of 22.89 -35 cents below the high and 20 cents above the low for today.
Even the transvestites have had it with the police state…
http://www.usatoday.com/story/news/nation/2015/03/30/fort-meade-gate/70662808/
Not exactly beaver burgers Irish Tony talks about.
‘Saudi oil infrastructure at risk as Mid-East conflagration spreads’
Good stuff Gary and great job Chris. Good questions.