Chris Temple from The National Investor – Fri 6 Oct, 2017

Important Takeaways From The Job Numbers

The BLS jobs number today disappointing but the focus was on the household employment survey. More specifically the wage growth number that surprised to the upside and is at levels not seen since May 2009.

Chris Temple joins me to discuss what this number means for markets and more importantly what it means for the Fed. Inflation is starting to rear it’s head again!

Click here to visit Chris’s site for more valuable commentary.

Click download link to listen on this device: Download Show


Featuring:
Chris TempleCory Fleck
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Comments:
  1. On October 6, 2017 at 10:47 am,
    CFS says:

    At least there is sound this time, Cory!

  2. On October 6, 2017 at 10:51 am,
    CFS says:

    Trump said last night, “We are in the calm before the storm”.

    Bloomberg thinks that was in reference to Iran Nuke deal rescission. But what if it has to do with DPRK setting off more rockets, this time with Nukes on board? Or similar.

  3. On October 6, 2017 at 11:31 am,
    OOTB Jerry says:

    Inflation…….
    Rent up, taxes up, food cost up insurance up………
    John Williams has been talking about inflation for several years………
    More to the gold story , than Yellen babble……..

  4. On October 6, 2017 at 11:35 am,
    OOTB Jerry says:

    Min. Wages…….should be around $21.00 , if you look back to 1971…….
    Min Wage in 1971………………….$2.10

  5. On October 6, 2017 at 11:54 am,
    CFS says:

    Osisko Mining closes $92M financing, insiders subscribe

    2017-10-05 14:24 ET – News Release

    Mr. John Burzynski reports

    OSISKO MINING CLOSES $92.4 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF FLOW THROUGH SHARES AND COMMON SHARES, INCLUDING OVER-ALLOTMENT OPTION

    Osisko Mining Inc. has completed a bought deal brokered private placement of (i) an aggregate of 8,487,800 common shares of the corporation that will qualify as flow-through shares (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) for aggregate gross proceeds of approximately $57.4-million, and (ii) an aggregate of 8,334,450 common shares of the corporation at an issue price of $4.20 per common share for aggregate gross proceeds of approximately $35-million. The flow-through shares were issued in two tranches, whereby the first tranche consisted of 6,638,950 flow-through shares at an issue price of $6.93 per tranche one flow-through share and the second tranche consisted of 1,848,850 tranche two flow-through shares at an issue price of $6.14 per flow-through share.

  6. On October 6, 2017 at 11:57 am,
    OOTB Jerry says:
    • On October 6, 2017 at 11:59 am,
      OOTB Jerry says:

      Good………get the hell out, and stop the expansion ……..were is the $21 Trillion

      • On October 6, 2017 at 12:35 pm,
        JohnK says:

        Jerry:
        Some of the money is hid in the 9/11 cover up.Everybody was paid.

        • On October 6, 2017 at 12:46 pm,
          OOTB Jerry says:

          I bet a lot of money…….Rummy was nervous when he said $2 billion missing, but, he meant $2 Trillion……

    • On October 6, 2017 at 12:03 pm,
      OOTB Jerry says:

      What is the ding dong doing with a personal phone…….

  7. On October 6, 2017 at 12:10 pm,
    OOTB Jerry says:

    Friday wrap up……..with a funny
    Moron Overboard
    http://www.zerohedge.com/news/2017-10-06/operation-moron-overboard-begins

  8. On October 6, 2017 at 12:43 pm,
    OOTB Jerry says:
    • On October 6, 2017 at 2:15 pm,
      OOTB Jerry says:

      John……let me know if you have seen this anywhere……..thank OOTB

  9. On October 6, 2017 at 2:21 pm,
    JohnK says:

    Jerry:
    Kevin Shipp is no doubt a selling a book. He reminds me of James Rickards.
    Once CIA, always CIA. There are no exceptions.
    Mr Shipp provides us with some very telling information about the Deep State and the Shadow Government.
    Allen Dulles and Chuck Shumer are part of the New York swamp I referenced earlier.
    When Mr Shipp states that CIA Director passed President Bush false info about 9/11 is where the story goes bad.
    The University of Alaska Fairbanks Researcher PhD. Leroy Hulsey assisted by two Grad students has released a study disputing the NIST report.
    Yesterday Architects and Engineers released a video that clearly points out that the NIST report was a sham and designed to fail.
    From the perseverance of people like the Father of Bobby Mcilvane,we have a path to 9/11 justice.
    The implications of building 7 being a controlled demolition are staggering.
    Those that continue to promote the 9/11 report are not Patriots but rather traitors.

    • On October 6, 2017 at 4:50 pm,
      OOTB Jerry says:

      When Mr Shipp states that CIA Director passed President Bush false info about 9/11 is where the story goes bad.
      Good Point………………thanks

    • On October 6, 2017 at 4:54 pm,
      OOTB Jerry says:

      The implications of building 7 being a controlled demolition are staggering………AGREE

    • On October 6, 2017 at 4:55 pm,
      OOTB Jerry says:

      Yesterday Architects and Engineers released a video that clearly points out that the NIST report was a sham and designed to fail…………..Seen that, and agree

    • On October 6, 2017 at 4:58 pm,
      OOTB Jerry says:

      The University of Alaska Fairbanks Researcher PhD. Leroy Hulsey assisted by two Grad students has released a study disputing the NIST report.
      Saw this one also…………..I would have to agree

  10. On October 6, 2017 at 4:07 pm,
    Matthew says:

    Gold reversed at the 233 day EMA today and looks like it will go higher for awhile even if it is not yet ready for a big move. I recently said that it wouldn’t spend much time below 1270 and, so far, it hasn’t.

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=11&dy=0&id=p57287561330

  11. On October 6, 2017 at 5:16 pm,
    Matthew says:

    The sector is acting quite bullishly with the miners generally finishing the week up 3% even though gold finished down (.77%).

    http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=0&mn=11&dy=0&id=p35988223018&a=541768212

  12. On October 6, 2017 at 5:16 pm,
    Matthew says:
  13. On October 6, 2017 at 6:04 pm,
    Matthew says:

    Despite being down more than 8% since last month’s high, silver is still up 17% since the 7/7/17 low… and looks good to go…

    http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=4&dy=0&id=p05124199736&a=500462915

  14. On October 6, 2017 at 6:21 pm,
    Matthew says:
  15. On October 6, 2017 at 6:25 pm,
    Matthew says:
    • On October 6, 2017 at 6:32 pm,
      Matthew says:
    • On October 6, 2017 at 7:12 pm,
      brian says:

      As always, thanks for the great charts, Matthew.

      I have to admit … I re-entered a position on IPT -pretty much the same price when I bought it in 2016. I have resolved some of my concerns about Mexico-based Silver producers, and I believe it is a solid, ethical company. I could be wrong, of course – and would lsten to arguments, otherwise.

      On the same note, I feel that ASM and USAS are fundamentally good companies, but do not have the potential upside of IPT. I would stay away from EXN, due to past issues with the local communities (however, they may have improved relations in the past couple years).

      Onward !

      • On October 6, 2017 at 9:52 pm,
        Matthew says:

        I obviously agree with your positive view of IPT and also agree with your assessment of ASM and USAS (I don’t follow EXN so I have no opinion there).

        Big moves ahead for IPT and silver stocks in general…

        http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=6&dy=0&id=p00510625772&a=533204677

        • On October 7, 2017 at 2:30 am,
          Excelsior says:

          Good discussion guys. I own IPT, ASM, USAS, and EXN that you were discussing (and a whole lot more 🙂 ) I like them all for different reasons.

  16. On October 6, 2017 at 6:53 pm,
    Matthew says:
    • On October 6, 2017 at 7:00 pm,
      Matthew says:

      That breakout does not yet show on the weekly chart, for some reason, but I bet it will in one week.

      http://stockcharts.com/h-sc/ui?s=EXK&p=W&yr=2&mn=2&dy=22&id=p66667534244&a=548913004

      • On October 7, 2017 at 2:41 am,
        Excelsior says:

        That’s good to see, as EXK is one that I’ve traded a few times this year, but repositioned in at the end of the Summer Doldrums. So far it is has been a little bump up, but I expect a larger rally once the Silver sector wakes back up on the next impulse leg upwards.

  17. On October 6, 2017 at 9:49 pm,
    Matthew says:
  18. On October 6, 2017 at 9:59 pm,
    Matthew says:
  19. On October 6, 2017 at 10:16 pm,
    Matthew says: