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Current investment themes in the face of a stay vote in Britain

June 21, 2016

Chris Temple joins us late today to share his insight on the investment themes driving the markets. Gold continues it’s move down, treasuries are selling off and German Bonds are out of negative territory all because the market is pricing in a stay vote in Britain. We look at the vote from both sides to determine how the market will react.

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Discussion
80 Comments
    Jun 21, 2016 21:25 PM
      Jun 21, 2016 21:26 PM

      Ignore the above, something went wrong.

        Jun 21, 2016 21:08 PM

        And, Mr Irish, that would be what?

    Jun 21, 2016 21:34 PM

    http://www.zerohedge.com/news/2016-06-20/big-guns-are-out-soros-rothschild-warn-brexit-doom-osborne-threatens-suspending-mark
    I was going to vote out till I read this from The Three Wise Men , now I feel I must vote stay.

    Jun 21, 2016 21:57 PM

    Irish TONY , hang tough.

      Jun 21, 2016 21:08 PM

      Thanks Jerry…..Its all about Cameron’s Cabinet doing the bidding of Brussels & the US…If they fail to keep us in , then they can kiss goodbye their £200,000 a year jobs in the EU commission, after they are kicked out in the next election.

        Jun 21, 2016 21:36 PM

        Jerry, there seems to be a clog in the
        pipe. Your posts are not streaming.

        Your analysis is important. I’m only
        a spectator and not posting but I
        have no other forms of communications.

        Please, looking for a good trade. Anyway,
        I look forward to your streaming posts
        and you don’t have to do.. Dot – Dot – Dot.
        I renewed my subscription without that
        feature. Just wanted to let you know.

        Thanks !

          Jun 21, 2016 21:19 PM

          TJ..You will need to be patient,..I am working from a cheap phone………………………………….lol

            Jun 21, 2016 21:15 PM

            Hey Jerry, real sorry about that !!!!

            My subscription payment was declined by my financial
            institution. Didn’t help matters any. I came up short.

            Anyway, they ran my stop on my futures trade and seized up
            all my assets. I will hit you back with a new bank draft soon
            as my casino bets roll in. Lots of I.O.U.’s, I got out at the
            Golden Nugget so if you don’t hear from me, I got bumped
            off. Soon as I scrape up enough cake though, forget that
            help me out I will give you an I.O.U. You know I’m good for
            it man. Help a bud out !!! Or I will call up the boss !!

            You got options — man ! I’m always asking myself — why am I so nice !!

            Jun 21, 2016 21:13 PM

            Is that “yellow cake” Jake?

            Jun 21, 2016 21:10 PM

            Its a process. Regulation and delegation and that turns into dough !!

            Instead of the yellow gold cake which is the creme de la creme
            we would rather have progressive payments from our customers
            for life. Its highly prosperous and enriching. Boss Man enforced.
            Zero tolerance policy.

            Cake 101 !!

        Jun 21, 2016 21:11 PM

        Well Mr Irish, you know what Obama said. Thank God he does not speak for me!

    Jun 21, 2016 21:16 PM

    Just watched the following presentation advocating the English leave the EU. Interesting but since most take freedom for granted, I’m not certain economic concerns won’t prevail. https://www.youtube.com/watch?v=JFt-pRIvL9E This was on Bob’s 321 gold page. Chris seems to have a good understanding of the event. I’ve no doubt there will be some huge swings in different markets but a week from now, will anyone really care? If I were a UK citizen, I’d vote to exit fwtiw.

      Jun 21, 2016 21:34 PM

      Hello Silverdollar….Watched it a while back, I think others posted the link over the past week…For those who have not yet watched it..DO..the guy nails it.

    Jun 21, 2016 21:37 PM

    Just two more days to go, to find out whether the UK population are wise or dumb.

      Jun 21, 2016 21:10 PM

      The student SJWs, especially the female ones, are going to get a nasty wake-up call one day.

    Jun 21, 2016 21:47 PM

    Channel 4, one of the major UK broadcasters, have now called it for Brexit, it’s so close

      Jun 21, 2016 21:14 PM

      Realy? What do you think Nigel?

    CFS
    Jun 21, 2016 21:54 PM

    Even more interesting to an outside observer, myself, is the fact that Brits appear to believe that if the referendum result is “leave”, that they will be allowed to leave!
    What trust they have in their politicians!

    With both major parties in favour of “remain” where is even the concern for honest vote counting?

      Jun 21, 2016 21:00 PM

      The “voting” could end up like that which led to the euro’s creation in the first place…if the voters get it wrong declare it moot and hold another vote until they get it right.

        Jun 21, 2016 21:15 PM

        Good point, Mr T!

    Jun 21, 2016 21:14 PM

    If the UK votes to leave we could see the Euro implode on Friday morning as people, fearing other EU countries calling a vote on leaving themselves, start to dump Euros en masse.

    The result will be the USD soaring IMPO.

    I am not sure what would happen to gold. Whether it will be seen as a flight to safety device or whether it would grt creamed with a rising dollar.

    I think people are very complacent at the moment.

      Jun 21, 2016 21:59 PM

      Gold would rise with the dollar in such a scenario

        Jun 21, 2016 21:15 PM

        Thanks Chris. That was my, admittedly uncertain, thought.

        Have been thinking of buying some PM miners tomorrow and Thursday simply because, well, I am going to buy some for the LT and my gut is telling me… that I think people are going to be surprised come Friday morning.

      Jun 21, 2016 21:25 PM

      Flight to safety, I would guess!

    Jun 21, 2016 21:35 PM

    How do you see things on the ground over there? My gut tells me that people answer polls there like they do here and everywhere. A certain percentage won’t admit they intend to vote for a controversial candidate, or a cause that the government is against. So I suspect that there is a bit more support for Brexit than the official polls reveal (?)

      Jun 22, 2016 22:11 AM

      British people are very polite. Just like most Americans. People do not wish to be thought of or seen as racist. The idea of even thinking racist thoughts shocks most Brits.

      Immigration is the elephant in the room that has hardly been mentioned during this debate but which, I suspect, is the main reason why people will vote to leave. The UK is being islamified – I feel awful even talking about it but it is true.

      You can’t walk down a UK road now without seeing women dressed in head to toe black sheets with just slits for their eyes. I was in my local supermarket last week and I saw a woman so dressed walking two steps BEHIND a lad of about 14 or 15. I was horrified. I could see that the other shoppers were horrified.

      There is a part of my West Wales town which, in the past 2 – 3 years, has been turned into something that looks like it should be in Pakistan or Afghanistan. Hundreds of men and women dressed as if they are living in those countries, no English spoken and you feel threatened. The men seem to do very little so am I paying taxes for that.

      Sorry for the rant – I HATE writing the above because I am not a racist. I am a Liberal. I have campaigned for equal rights. I have campaigned for gay rights. For freeing African prisoners in South Africa during apatheid BUT BUT BUT I am now being told that I must be tolerant of an intolerant religion.

      I suspect an awful lot of people feel like me. But if you, as a stranger, go up to them in the street and ask them about it they will not tell you how they really feel out of not wanting to be thought of as being racist.

      Heck – look at the Daily Mail website and the comments below the article. They censor anyone who uses the words muslim, islam, etc, etc, unless the comment is pro islam. But wait for this – they even censor the word ‘bacon’. Yep, another bit of free speech eroded.

    Jun 21, 2016 21:37 PM

    If you look at demographics the ‘stay’ is highly biased to 18-24 but it’s Glastonbury this weekend, I don’t think they will turn out, I know my kids, old farts like me turn out, they forget

      Jun 21, 2016 21:27 PM

      Good point,Nigel. But, I would guess this time will be different! Pretty emotional issue!

    Jun 21, 2016 21:43 PM

    Hi Temple, the leave=remain here from everyone from my sister (ultra liberal), to my 23 year old niece is to leave, and all ‘leave’ are motivated, and it’s going to rain on Thursday

    Jun 22, 2016 22:26 AM

    Yes Nigel and from my take of it the BBC debate yesterday (Tuesday) showed the vote leave contingent winning hands down. The remainers are SO depressing and so dead when expressing any passion for this country. The electronic poll also taken last night showed those voting for Boris and his team were winning 76% to 24.

    Jun 22, 2016 22:39 AM

    In the Telegraph poll this morning (8.37 am GMT) of the 633537 posting 71% opt to leave. Trouble is the big boys (corporations) have written to the Times today on why to stay. Meaning that every little guy MUST vote!

      Jun 22, 2016 22:46 AM

      Yes Andrew..& this little guy is voting out, alone with every little gals & guys this little guy knows…….OUT>OUT>OUT>OUT>OUT.

        Jun 22, 2016 22:47 AM

        Along…not alone.

          Jun 22, 2016 22:11 AM

          Best of luck Brit’s,
          Hope you are successful with an out vote.
          ….somehow I doubt it though.
          Cheers.

    Jun 22, 2016 22:32 AM

    Thanks Skeeta. HM apparently asked her dinner guest to give her three good reasons for staying in EU, and they couldn’t come up with even one! ‘One would have thought they could have given a better answer, WHAT’? Methinks our Liz ain’t none too happy with the status quo.
    Keith Neumeyer (of First Mining Finance, and Silver Majestic) meets with his silver cronies in London around about now. Needless to say they’re all strongly pro-Brexit.

      CFS
      Jun 22, 2016 22:15 AM

      Glastonbury attendance of 180K has marginal relevance.

      The BBC , in my opinion, is very biased……..now calling the leave vote “project hate”.

    Jun 22, 2016 22:34 AM

    Read guests for guest.

      CFS
      Jun 22, 2016 22:21 AM

      It should be unacceptable for the EU Court to repeatably override the English court system.
      The English system of justice and democracy is superior to predominantly Napoleonic law.
      IMHO

        CFS
        Jun 22, 2016 22:37 AM

        The fish stock around the British Isles is reason enough to vote leave and kick the fish thieves out!

    Jun 22, 2016 22:42 AM

    Yes absolutely…criminals.

      Jun 22, 2016 22:15 AM

      The leaders are just like the people.

      Rotten to the core. No conscious.
      No remission of their transgressions.
      Creator hating. Apostasy and living
      like devils.

      We, the remnant of the church who
      believe in their real truth pray everyday
      judgment comes for what people are
      doing.

      You will get your fire and brimstone.

      Russia will be used to destroy the
      great whore America and The West
      Mystery Bablyon for all her abominations
      and atrocities.

      Those who are not ready will perish in
      the coming destruction forever in the
      bottomless pit.

      DON’T MESSAGE ME EITHER. !!! Archde con man

    Jun 22, 2016 22:21 AM

    Dear God in Heaven, you’re completely MAD.

    Jun 22, 2016 22:37 AM

    Its righteous anger because its getting much worse.

    You people have made this world an godless arm pit
    to live in and you can’t raise a family anymore.

    Everyone that is being born is being raised for the
    great white throne judgment because they are taught
    to reject the creator or live like the devil. All of the above
    and no fear. Do what you please.

    Thanks to your false doctrines for not teaching the truth
    fire and brimstone is coming.

    Your part of the problem. Like all the others like you.
    misleading the people.

    Judgement is here. You are not going to get away with
    this for long.

    Jun 22, 2016 22:40 AM

    I’m told you can get rapture pills on Amazon. Now leave this site as promised.

      Jun 22, 2016 22:46 AM

      Remove that title off your name – Archdeacon.

      Or prove its valid. You are not in charge of
      no congregation.

      You would have been expelled and discharged the
      first day serving.

    Jun 22, 2016 22:53 AM

    Silly, silly, silly boy.
    You’ve proved you’re mad to just about everyone on this site. Over and OUT .

      Jun 22, 2016 22:01 AM

      Thats because your a child of the devil misleading people
      right to the bottomless pit. You were planted by the devil.

      Everything you do is ungoldly except your angel of light
      deception of friendly ways to mislead them.

      Thats how people get destroyed. People come at you
      all nice but they are out to destroy.

      Enjoy your glory while it lasts. Your abominations will
      not last much longer.

    Jun 22, 2016 22:14 AM

    THOU SHALT NOT JUDGE – By so doing you condemn yourself. For I now know that it is YOU are the abomination!!
    From hereon you are total history to me.

      Jun 22, 2016 22:21 AM

      No, we are to judge those who are not practicing
      sound doctrine. What your trying to do is confuse
      because you are a child of the devil and the devil
      is the author of confusion.

      You will do anything to sell your snake oil. You
      have done a lot of damage out there taking souls.

      You know very well what your doing. !!

      Enjoy your fire and brimstone. This very hour news in
      Russia they are getting ready for war with The West.

      Good luck. !!!

        Jun 22, 2016 22:26 AM

        You are not an Archdeacon. You already proved
        you are misleading and deceptive.

        You would not be posting here serving a congregation.

        They would throw you out on your ear. !!!

    Jun 22, 2016 22:00 PM

    Even Jerry can’t tell the difference anymore.

    GO GOATS !!!

    Very common. KJV is just collecting dust.
    Afraid of the goats. Unable to stand for the
    truth. The herd is all going in the same direction.

    Exactly where the broad road leads !

      Jun 22, 2016 22:41 PM

      Jake not so..

        Jun 22, 2016 22:01 PM

        Judge yourself first. That’s why
        hanging out with goats is emnity
        with God. Send a message, yes.

        Friends with the world, no. That’s
        why I never stay. And its a narrow
        road. Lots of persecution and we
        must endure to the end. We are
        very close.

        So don’t miss the boat to paradise.

        It ain’t here !!! MSM is not reporting
        how serious this is with Russia.

        Take good care. Just trying to be the
        good shepherd and far from perfect
        but we need to follow the truth.

          Jun 22, 2016 22:19 PM

          Jake I agree that this is not
          MSM. BTW good to know we have grace.

            Jun 22, 2016 22:57 PM

            Jerry, watch out for grace. We have grace
            as long as we are not friends of the world
            and living for the world. We stumble, we
            have grace here and there. We can agree
            on that. However, Satan is the author of
            confusion and grace is most often taken
            we have grace all the time.

            You don’t want to be a tare or goat. There
            is no grace there.

            Where your treasure is, there shall your
            heart be also.

            Jerry, may the grace of God be with you
            when you stumble like me.

            Don’t be a goat. There is no salvation there.

            Do not be deceived ! God be with you Jerry !

            Perilous times ahead. Don’t let the thief take
            you by surprise. Judgment is here.

            Jun 22, 2016 22:15 PM

            BTW..if Hillary gets in office. ..

            We are D.O.A.

            Jun 22, 2016 22:26 PM

            Philippians 3:20

            Jun 22, 2016 22:33 PM

            You bet. Only for those who pick up
            their cross and follow Jesus.

            The goats will not be there. Elevator DOWN

            Jun 22, 2016 22:36 PM

            Philippians 4:4&5

            Jun 22, 2016 22:48 PM

            PTL and absolutely gentle as a dove and
            wise as a serpent.

            Still, you can’t participate in goat activities.

            Spiritual things should be part of what we
            do.

            The things of this world and cares of this life
            is sending everyone into eternal damnation.

            Pride of life etc.

            No goats will inherit The Kingdom Of God

            Jun 22, 2016 22:00 PM

            Philippians 4:10

            Jun 22, 2016 22:07 PM

            I rejoiced in The Lord and witnessed
            to the goats. I never broke bread with
            them and they are not brothers unless
            they believe in the Gospel.

            Quickly turn away from those who do not
            believe. Have nothing to do with them.

            Jun 22, 2016 22:09 PM

            Do not invite them in your house unless
            they have The Word Of God.

            Jun 22, 2016 22:14 PM

            Philippians 4:8

            Jun 22, 2016 22:32 PM

            Praiseworthy — the following are not.

            Idols, Cults, Mammon/wealth/things/etc.
            worship and dwelling on it.

            Reprobate mind .

    Jun 22, 2016 22:36 PM

    Only spiritual things are praiseworthy.

    The things of this world are not.

      Jun 22, 2016 22:46 PM

      Romans 8:7-8King James Version (KJV)

      7 Because the carnal mind is enmity against God: for it is not subject to the law of God, neither indeed can be.

      8 So then they that are in the flesh cannot please God.

    Jun 22, 2016 22:58 PM

    Meditate on these things, whatever is praiseworthy.

      Jun 22, 2016 22:10 PM

      Making a honest living, planting a crop
      and anything that is centered around
      God.

      The pride of life, the lust for things is not
      praiseworthy.

      My great concern is we are living in perilous
      times and those that are not focused on
      eternal things are not going to make it through
      that small door. Spiritually weak will be falling
      like leafs in the fall season

      Be of sober mind, be watchful and be spotless.

      If not, there is little hope for those who are not
      prepared. Amen !! Be ready.

        Jun 22, 2016 22:31 PM

        Ditto amen

          Jun 22, 2016 22:40 PM

          SHIP AHOY CAPTAIN JERRY !!!

          Ditto and amen on everything !!

          Be good Capt. !!!!