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News out of China reminds us they continue to struggle

Cory
October 13, 2016

This morning we are seeing selling in the US markets and bonds as well as gold are getting a buy. Chris Temple joins us to share his thoughts on the data out of China and how investors need to remember that its economy continues to struggle.

Click here to visit Chris’s website.

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Discussion
14 Comments
    Oct 13, 2016 13:18 AM

    Quite pathetic for this country, evil had become the Good, Good has become evil, morally, financially, economically, politically, geo- politically, and then finally a grand war, as well as a prayerless spiritual & religious community.

      Oct 13, 2016 13:06 AM

      +1

    CFS
    Oct 13, 2016 13:25 AM

    Off topic:
    I’m a news junkie among other things. I am now beginning to get most worriedly!
    1. There appear to be two areas of conflict, which with one mistake could initiate war.
    Think I’m joking?
    Listen to:
    https://cdn47.castfire.com/audio/550/3618/26026/3126180/3126180_2016-10-13-015520-8210-0-0-0.32k.mp3?cdn_id=47&uuid=c1e6372f5764d930cb1071c9ca91aab4
    It is clear that we could easily find a US-Iranian war happening. (Iran has Russia as an ally!)
    2. There is a rumor that the UK has issued free to fire orders for RAF over Syria under certain constraints. Since Russian planes fly over Syria, and since Russia has installed ground to air missiles in Syria to protect its Tartus base, one mistake by either side could result in war.
    3. The credit system in the US appears closer to collapse than I have seen.
    Not all information is available, but every time I look at the behavior of central banks, including the Fed, it appears to me that there is an nderlying panic which is prevalent.
    They are injecting money, every which way they can, to keep the credit system propped up. Buying stocks is just the latest manifestation of this.
    USAwatchdog with Bill Holter is worth a listen.

    I am not sure precious metal prices will not also be hit in a collapse, in the short term, but longer term I believe they will rise again.

      CFS
      Oct 13, 2016 13:13 AM

      My stupid iPad loves to put words incorrectly in my mouth.

      I typed “worried” not “worriedly”
      I can actually spell, and turning off auto-correct only seems to last Temporarily…it won’t stay turned off.
      I know I am technologically impaired and apologize for errors.

        Oct 13, 2016 13:38 PM

        It’s fine CFS – nobody is getting graded on the spelling and grammar in their posts.

        It’s easy to negative feeling about the tension in the world if one only reads or watches the news. (if it bleeds…..it leads……) I try not to look at mainstream news at the very beginning or end of day as it feeds the subconscious mind.

        Having said that I also admit to being a “news junkie” if the news relates to mining companies. It doesn’t get so negative, emotional, or polarizing though.

    CFS
    Oct 13, 2016 13:28 AM

    Newmarket Gold produces 55,794 oz Au in Q3

    2016-10-13 07:08 ET – News Release

    Mr. Douglas Forster reports

    NEWMARKET GOLD PRODUCES A RECORD 175,041 OUNCES OF GOLD IN THE FIRST NINE MONTHS OF 2016

    CFS
    Oct 13, 2016 13:30 AM

    First Majestic Achieves New Record in Silver Production; Produces 4.5 Million Silver Eqv. Ounces in Third Quarter

    2016-10-13 07:00 ET – News Release

    VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 10/13/16

    CFS
    Oct 13, 2016 13:37 AM

    I hear what China is saying. But world trade is NOT down, but many metrics.
    e.g.
    http://stockcharts.com/h-sc/ui?s=%24BDI
    I wonder if China is actually trying to justify a change in their currency peg range, and is thus about to devalue the RMB by another 10-20% and does not wish the criticism it got last time.

    CFS
    Oct 13, 2016 13:42 AM

    In a bull market mining shares often lead metal prices. It looks to me the shares might have turned around.
    The biggest worry is the amount of withdrawals occurring for Hedge Funds, which appears to be a source for dropping prices, even though the Fed seems to be injecting money as fast as they can.

    Oct 13, 2016 13:25 AM

    Anyone see the monthly on TLTFF!? Rocket launch! I got in at 33, sank to 27, then BOOM! before I could add more.

    CFS
    Oct 13, 2016 13:09 AM

    http://etfdailynews.com/2016/10/13/gold-and-silvers-pullback-may-only-just-be-beginning/

    If you’ve listened to Bill Holter at USA WATCHDOG! He’s right about DeutscheBank and Larry Edelson is wrong, in my opinion.
    Despite all the shorting of DB stock going on, and the assassination of its share price, it will not be allowed to fail.
    If it were allowed to fail, the world economic system would collapse, because of DB’s derivative book collapsing.
    I.e. If DB goes, it takes with it many major banks in the world that are involved with DB derivatives.
    Ergo, every attempt will be made to keep DB alive.
    It is really a case of to big to fail!