Wednesday Morning Market Commentary from Chris Temple
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Currently the price of gold is down a bit to $1110 and the Dow Jones Industrial Average is up from a high this morning of about $240 to around $165. We discuss potential long term implications of these markets.
Sorry Rev – didn’t see any immediately identifiable such comments, so can’t comment myself on them
Rev… can you comprehend he sees bullion..
sees or sells………..
set sells to the sees……….mate………….
a….l…..should have fun with this one……………. 🙂
Chris is Andy Hoffman right about the folly of owning BitGold ?
Hoffman himself sounds like folly to me. James Turk is the only gold dealer I know of who has always been honest enough to promote the miners along with the metals (when appropriate) even though he gains nothing by doing so. I bet he would tell you that the miners offer much more upside at this time.
Thanks Matthew I just need some reassurance. Hoffmann strikes me as an enigma.
I would not say that…………
Andy Hoffman, has been spot on concerning the FED.
Hoffman and Turk are two different personalities ………..HOFFMAN loves to Rant.
Turk, just likes to laugh all the way to the bank…………..
I don’t think it’s at all accurate to say that Turk does any laughing all the way to the bank. He’s a class act.
laughing all the way to the bank……would be an expression, of how much cash he made on the deal when he sold the Gold company to the bitcoin guys……
Timing is everything……..and I think he made out like a bandit………..
He dropped his Ranting Andy moniker to plain Andrew Hoffman. He gives a really fun interview/rant today. loved it.
Even as pure entertainment
Oil, Mining, Glencore, Greece, Spain, VW, Dieselgate, etc.
Wind yourself up before you go to bed!
“What’s not imploding?” Wednesday.
The trouble is he has been right on most of this stuff in the last few years.
The other off for this week:
http://financialsurvivalnetwork.com/2015/09/andrew-hoffman-too-much-stuff-our-heads-are-ready-to-explode/
The other one was on Baywatch and Knight Rider!
Miners are still headed lower……….
Yep he sounds like my grandfather. Sure one day he’ll be right.
That one I can offer an opinion on…first of all, I know little about the mechanics of Bit Gold. While it’s been years since I’ve seen him, I have a high personal regard for James Turk, notwithstanding the fact that – as many gold purveyors — maybe things haven’t always turned out as he predicted/thought they would. Unlike some (most?) of the others, I don’t doubt Turk’s sincerity.
Having said that, I have never seen any rhyme or reason to have PHYSICAL gold any place but in one’s hands. It’s “mad money” to use if things implode. It’s hidden wealth, theoretically known to no one but the holder.
If you want to invest where gold is concerned, there are better and more profitable ways. But to me, this idea of having a gold-centric “community currency” might be a nice philosophy, but impractical – and it defeats the purpose of physical gold to begin with.
As but one historical lesson on this general subject, who out there remembers the old National Commodity and Barter Assn.?
I don’t know how on Earth I ended up way down here — this is in answer to Gabriel MANY posts up
Al, couple things, @ x dollars “ya really gotta be careful”
The dollar amount doesnt matter, if the amount is significant to the investor, “ya gotta be careful” Ill add, if the amount invested causes sweat, ya got too much invested. imo
Other point, your thinking the markets are ok, Greg Manarino disagrees with you , usa watchdog. JTL would agree tho, lol
I would have to agree with Greg M. considering the entire thing is a mess.
Andy and Greg have been spot on concerning the Fed.
Chris, is Handy Andy right about anything?
Don’t really follow him, Irwin – so can’t say
PLATINUM………………….$908……….
no long winded comments need here………just facts………..
Can anyone spell VW?
I THINK they will need more platinum , not less, to take care of the pollution problem.
Come in Chris….!!
Andy H SELLS bullion…. he was correct in his call when…2 yrs ago re miners… he is in competition with your buying miners & not their gold…lets try to be objective
being correct re the fed one or the other side will be correct… give us a break..
The only break you need , is a couple days off………….
I do not think Andy sell the bullion…….he write the article only…..I think……
sells not sell…..
But, who really cares about the FED……….
I enjoy listening to Ranting Andy Hoffman usually. Sometimes he gets a little too excited. However he has hit the nail on the head by being so bearish on miners for quite a long time.
It really looks like deleveraging is beginning to come into the mining industry.
ditto……..on the enjoy part…………and correct on miners.
Chris is Andy Hoffman right about the folly of owning mining shares?
http://blog.milesfranklin.com/