Chris Temple from The National Investor – Tue 31 Jan, 2017

The Trump factor that is driving precious metals

Today with Chris we discuss the pop in the precious metals but also focus on the bigger picture of Trump and Peter Navarro’s comments. With the potential of a currency and trade war coming out of the Trump administration investors are shifting their focus to the metals. This could all be part of a larger unwind of the trump optimism…

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  1. On January 31, 2017 at 9:35 am,
    Bob UK says:

    I am wondering whether, on Friday, Asian markets will look at this currency news and just dive into gold and silver… perhaps copper as well…

    • On January 31, 2017 at 10:07 am,
      CFS says:

      Bob UK, the SGE is closed. Prices are up slightly in India. e.g. Yesterday Silver was $19.50 in India.

  2. On January 31, 2017 at 10:48 am,
    Bob UK says:

    Is it possible that today’s comments from Peter Navarro are because the White House already know that the Fed is going to come out being more hawkish tomorrow?

  3. On January 31, 2017 at 11:15 am,
    CFS says:

    It would not surprise me if Yellen tried to sabotage Trump.

    Bot on the other hand:

  4. On January 31, 2017 at 12:28 pm,
    Jason says:

    Keeps those Tweets coming Mr. President! My miners are rocking and rolling and rolling and rocking!! JNUG NUGT ASM SLV and for the dips JDST DUST DSLV 🙂

  5. On January 31, 2017 at 12:56 pm,
    Excelsior says:

    China’s Nuclear Power Capacity Set to Overtake U.S. Within Decade
    by Stephen Stapczynski
    January 30, 2017 11:13 PM CST

    – Nuclear capacity to soar to nearly 100GW by 2026: BMI
    – Last year’s nuclear capacity increased by 7GW, most on record

    • On January 31, 2017 at 12:58 pm,
      Bob UK says:

      We’d better buy some uranium stocks then.

      Was that you Excelsior, propping up URA today? 😉

      • On January 31, 2017 at 8:31 pm,
        Excelsior says:

        You never know…….

        Really I’m waiting to see if things will consolidate here and may add a little bit; but for now just watching how things wrap up on the monthly. Also there the potential wonkiness of the general stock markets and Fed babble over the next few days.

        For now, I’m very comfortable with my cost basis in the Uranium stocks in my portfolio, and am interested to see if this sector may have a little more downside left to work off. If there is a more significant downturn, then I’ll deploy a bit more dry powder, and if it catapults up from here, then I’ll be all smiles….. 🙂

  6. On January 31, 2017 at 1:14 pm,
    AJ says:
  7. On January 31, 2017 at 1:24 pm,
    Excelsior says:

    Silver Miners in the “Green” today

    #SILVER stocks SYMBOL % CHG

    Castle Silver Resources Inc. $CSR +36.36%
    Bear Creek Mining Corporation $BCM +14.23%
    Silver Bear Resources Inc. $SBR +13.79%
    Canarc Resource Corp. $CCM +13.33%
    Aurcana Corporation $AUN +11.25%
    Levon Resources Ltd. $LVN +10.77%
    Blind Creek Resources Ltd. $BCK +10.00%
    Avino Silver & Gold Mines Ltd. $ASM +9.32%
    Alexco Resource Corp. $AXU +9.01%
    Defiance Silver Corp. $DEF +8.33%
    Klondike Silver Corp. $KS +6.67%
    Southern Silver Exploration Corp. $SSV +5.81%
    Hochschild Mining PLC $HOC.L +5.34%
    First Majestic Silver Corp. $AG +5.28%
    Silver Range Resources Ltd. $SNG +5.26%
    Santacruz Silver Mining Ltd. $SCZ +4.76%
    Pan American Silver Corp. $PAAS +4.49%
    IMPACT Silver Corp. $IPT +4.35%
    Silver Wheaton Corp. $SLW +4.19%
    Dolly Varden Silver Corporation $DV +4.05%
    Silver Standard Resources Inc. $SSRI +3.63%
    Minco Silver Corporation $MSV +3.54%
    Golden Minerals Company $AUM +3.45%
    Americas Silver Corporation $USA +3.27%
    Silver Bull Resources, Inc. $SVB +3.23%
    Endeavour Silver Corp. $EDR +3.28%
    Excellon Resources Inc. $EXN +2.84%
    Golden Arrow Resources Corporation $GRG +2.82%
    Fresnillo PLC $FRES.L +2.76%
    Silvercorp Metals Inc. $SVM +2.63%
    Fortuna Silver Mines Inc. $FSM +2.55%
    Hecla Mining Company $HL +2.38%
    Coeur Mining, Inc. $CDE +2.37%
    Bitterroot Resources Ltd. $BTT +2.33%
    Prospero Silver Corp. $PSL +1.82%
    MAG Silver Corp. $MAG +1.88%
    SilverCrest Metals Inc. $SIL +1.63%
    Silver One Resources Inc. $SVE +1.19%
    Tahoe Resources Inc. $TAHO +0.88%
    Great Panther Silver Limited $GPL +0.83%

  8. On January 31, 2017 at 3:17 pm,
    Jason says:

    I have a starter in PALAF at 7.1 cents.

    • On January 31, 2017 at 3:23 pm,
      Excelsior says:

      Ahah…. Jason, you’re a risk taker I see…… 🙂

      I’ve also been trading Paladin recently and have a position on as well for a swing trade, but I consider it very high risk even though they are one of the larger producers for economic reasons. All the best to you sir.

  9. On January 31, 2017 at 7:07 pm,
    Paul L. says:

    Trump is saying cars coming from German don’t get charged the VAT and that statement makes no sense. It makes no sense to charge sales tax on sales that occur in another country.