Chris Temple from The National Investor – Tue 10 Oct, 2017

Better Economic Data and Rising Oil – Are These The New Normal?

Today in my conversation with Chris Temple we focus on the better economic data that has been released from a number of countries. Many of the major central banks are pointing to the improving economies (based on recent data) as a reason to take a more hawkish monetary stance. But is this the right thing to do?

We also comment on the move up in oil today, back above $50/barrel. How did the hurricanes impact this move and what would a higher oil price mean for the economic growth mentioned above?

Click here to visit Chris’s website and at the very least sign up for his free email blast.

Click download link to listen on this device: Download Show


Featuring:
Chris TempleCory Fleck
View related posts on: , ,

Comments:
  1. On October 10, 2017 at 10:45 am,
    spanky says:

    Bad divergence between metal and miners today. Silver miners especially look terrible. Circling the toilet bowl before the final flush.

    • On October 10, 2017 at 10:57 am,
      Matthew says:

      TSX-listed stocks gapped up into Bollinger band resistance today due to yesterday’s holiday so I wouldn’t read much into the action.

      Based on ZJG, the gap is still not completely filled:

      http://stockcharts.com/h-sc/ui?s=ZJG.TO&p=D&yr=1&mn=1&dy=0&id=p61084337627

      • On October 10, 2017 at 11:09 am,
        spanky says:

        Meanwhile, the Russell 2000 is about to poke a hole in the ozone layer soon. As soon as the yen lets go (and it will), the US markets are going to go ballistic. Any and all divergences will work themselves out bullishly, the exact opposite of the PMs and miners.

        • On October 10, 2017 at 11:23 am,
          Matthew says:

          I’m just glad you’re still bearish the gold space; I’d hate to have to sell everything! 😉

          • On October 10, 2017 at 11:40 am,
            bonzo barzini says:

            I’m not selling my silver stocks either. Silver will go to 100 or 200 one day and I want to be on that train to freedom. Everyone up on the peace train! Glide on peace train…

          • On October 10, 2017 at 11:59 am,
            spanky says:

            $100? In 1000 years maybe. No way the Fed and BoJ will ever let metals get that high. Metals are completely under Yellen’s thumb. Gold has a date with its 200 month MA, at which point it will waffle around that level for the next 20 years. Silver will break well below its 200 month MA and then stay between $10 and $15 for 20 years.

          • On October 10, 2017 at 12:41 pm,
            Excelsior says:

            Agreed Matthew. Spanky has hilarious commentary and is a contrarian indicator.

          • On October 10, 2017 at 1:02 pm,
            GH says:

            You’re a hoot, Spanky. Fantastic action in the miners, and it only takes a single down day for you to start up again!

            The charts are fractal in nature. If you can learn to see the upturn in the short term that has just occurred, you’d also be able to see that in the big picture we are in a cyclical bull. Even if you don’t want to trade short-term swings, analyzing intraday charts is great for learning technical analysis that applies on all time scales.

          • On October 10, 2017 at 1:08 pm,
            spanky says:

            Wake me when silver cracks $18 (that’s USD not pesos). I think it is going to be a very long nap, might even turn into a dirt nap for me by the time it sees $18 again.

          • On October 10, 2017 at 1:10 pm,
            GH says:

            I’d also again highly recommend Rick Ackerman’s free webinar. Even just the glimpse of his techniques that he offers is very useful for determining in which direction the impulse lies. Just for it’s illustration of the importance of prior peaks makes this webinar well worth its while.

          • On October 10, 2017 at 1:12 pm,
            GH says:

            I think I’m forgetting my English.

          • On October 10, 2017 at 1:19 pm,
            GH says:

            Black candle notwithstanding, this is not a bearish short term chart. It’s taking out the 200 day moving average, and by the indicators it has room to run still.

            http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=2&mn=0&dy=0&id=p34581851389

            Sure, the silver miners are lagging the gold miners. But that’s the price you pay for silver’s potential–an extra serving or two of suffering. They’ll play catch-up if gold miners accelerate to the upside.

          • On October 10, 2017 at 1:23 pm,
            spanky says:

            Actually, its $silver’s candle that I am more interested in seeing. They are still trying to get a handle on it at stockcharts and it sometimes changes later in the evening (when they get the data sorted out?).

          • On October 10, 2017 at 1:30 pm,
            Matthew says:

            That glitch is affecting all the metals and looks like a stockcharts problem.

  2. On October 10, 2017 at 11:15 am,
    spanky says:
  3. On October 10, 2017 at 11:24 am,
    JohnK says:

    Another strong auction conducted by the money changers. Actual Previous
    1.085 1.05 3 Month Bill
    1.22 1.19 6 month Bill
    1.015 .98 4 Week Bill
    1.365 1.24 52 Week bill

  4. On October 10, 2017 at 12:12 pm,
    spanky says:

    I imagine $gold is likely going to have a big ‘ole black candle on the daily chart today. That is never a good sign and usually presages continued weakness, if not a dramatic drop in the near future.

  5. On October 10, 2017 at 12:22 pm,
    spanky says:

    AMZN has been consolidating over the last couple of months. Weekly stochastics are a buy now. The final piece to Nasdaq 12,0000 is in place. Buy AMZN here and double your money in 8 months. Mark this post.

    • On October 10, 2017 at 12:42 pm,
      Excelsior says:

      marked.

      • On October 10, 2017 at 12:43 pm,
        Excelsior says:

        Amazon – To Infinity and Beyond !!

        • On October 10, 2017 at 1:04 pm,
          spanky says:

          They will own you soon.

          • On October 10, 2017 at 3:03 pm,
            Excelsior says:

            They may own my groceries soon, until I pay for them. As for owning me… not a chance 😉

        • On October 10, 2017 at 1:14 pm,
          JohnK says:

          Captain .We’ve seemed to have encountered some kind of interplanetary force from the spankmeister belt.
          Spock,what do make of this? It seems to me that any logical explanation would be associated with one’s ability to extract reason from logic.
          Spock,I don’t understand.
          Just fly the ship Captain.

          • On October 10, 2017 at 3:00 pm,
            Excelsior says:

            🙂

          • On October 10, 2017 at 3:42 pm,
            Excelsior says:

            JohnK – I wish we had some kind of Star Trek futuristic way to travel back in time to the end of 2015 when the Bear market in the metals was just wrapping up and the PMs were getting ready to kick off their new bull market in early 2016.

            It would be fun to revisit Jr Silver stocks like IPT & EXN crushing the returns of the over-hyped and bloated FANG stocks like AMZN the last 2 years. (hahaha)

            What makes no sens is why any investors would want to make less than 1 bagger in a behemoth like AMZN when investors could have made 9-10 baggers in a number of the Silver Jrs in the first half of 2016? It would take a decade to make that in AMZN. (lol)

            Wise investors have repositioned in these Jr Silver & Gold miners after the summer doldrums and are getting ready to continue to enjoy the next impulse leg higher in the Bull Market. Fun Times!

            http://stockcharts.com/h-sc/ui?s=EXN.TO&p=D&yr=2&mn=0&dy=0&id=p00542651756

          • On October 10, 2017 at 4:00 pm,
            JohnK says:

            Shad:
            I am getting closer to understanding the movements in the futures and what was driving Gold in years past.
            Right now I am focusing on Lithium and Zinc stocks.I no longer try predict movements of Gold and Silver.
            I just go where the data sends me.
            That being said I would be surprised to see any significant move in the precious metals until the ECB and the JCB have their next meetings.

          • On October 10, 2017 at 5:06 pm,
            Excelsior says:

            JohnK – I watch the underlying commodity prices of each sector to see where things are on the charts, but really drill down into each company individually as they are all on their own paths.

            Yes, Zinc & Lithium are exciting markets as well, and I have a number of stocks in those sectors as well. Good luck to you in your investments. Cheers!

  6. On October 10, 2017 at 1:05 pm,
    spanky says:

    US indexes closing at the highs and the yen still hasn’t broken down yet. Oh my.

  7. On October 10, 2017 at 1:34 pm,
    Matthew says:
    • On October 10, 2017 at 1:42 pm,
      spanky says:

      Yes, a bellweather if I ever saw one.

      • On October 10, 2017 at 1:50 pm,
        Matthew says:

        It actually has been a good one over the last 10 years. I’d rather see it act bullishly than one of the ETFs and the odds are extremely good that it is forming a large double bottom.

        http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=5&mn=6&dy=0&id=p62638524622&a=533204677

        • On October 10, 2017 at 1:57 pm,
          spanky says:

          I agree, it is a has-been.

          • On October 10, 2017 at 2:46 pm,
            Matthew says:

            You misunderstand but that’s ok.

          • On October 10, 2017 at 3:34 pm,
            Excelsior says:

            Yes spanky….. A silver Jr stock like IPT “has been” crushing the returns of even the bloated FANG stocks like AMZN the last 2 years since the precious metals started their bull run.

            You may also want to note (since I know you love charts) that EXN has trounced the returns of Amazon over the last 2 years as well.

            http://stockcharts.com/h-sc/ui?s=EXN.TO&p=D&yr=2&mn=0&dy=0&id=p00542651756

          • On October 10, 2017 at 4:37 pm,
            GH says:

            gimme yours?

          • On October 10, 2017 at 4:39 pm,
            GH says:

            (Spanky’s IPT.V, that is)

            Great chart Ex. Says it all.

      • On October 10, 2017 at 4:01 pm,
        Excelsior says:

        IMPACT Silver Corp. (IPT.V)

        $0.37 up +$0.02 (+4.23% gain)

        ___________________________________

        Amazon.com, Inc. (AMZN)

        $987.20 down -$3.79 (-0.38% loss)
        At close: 4:00PM EDT

        986.50 down more -$0.70 (-0.07% further loss)
        After hours: 6:41PM EDT

        • On October 10, 2017 at 4:14 pm,
          Excelsior says:

          Ticker Symbol / Silver Mining Company Name / % Chg

          AZS.AX Azure Minerals Limited +7.69%
          SVL.AX Silver Mines Limited +5.95%
          MTR.L Metal Tiger plc +4.88%
          MSV.TO Minco Silver Corporation +4.71%
          IPT.V IMPACT Silver Corp. +4.23%
          SVB.TO Silver Bull Resources, Inc. +4.00%
          AUN.V Aurcana Corporation +3.85%
          EXN.TO Excellon Resources Inc. +3.33%
          BCM.V Bear Creek Mining Corporation +3.26%
          MMG.V Metallic Minerals Corp. +3.23%
          SNG.V Silver Range Resources Ltd. +3.13%
          NIM.V Nicola Mining Inc. +2.94%
          TAHO Tahoe Resources Inc. +2.87%
          DV.V Dolly Varden Silver Corporation +2.82%
          MYA.V Maya Gold and Silver Inc. +2.67%
          HOC.L Hochschild Mining PLC +2.32%
          AZS.V Arizona Silver Exploration Inc. +1.96%
          SMT.TO Sierra Metals Inc. +1.87%
          SVM Silvercorp Metals Inc. +1.48%
          SIL.V SilverCrest Metals Inc. +1.36%
          SVE.V Silver One Resources Inc. +1.23%
          GPL Great Panther Silver Limited +0.78%
          FRES.L Fresnillo PLC +0.77%

  8. On October 10, 2017 at 1:41 pm,
    spanky says:

    No MACD cross over in the PMs or miners. Most miners put in an outside day down today. There is another leg down coming, and it’s going to be extremely ugly.

    • On October 10, 2017 at 4:31 pm,
      Excelsior says:

      > Ticker Symbol / Gold Large Producers / % Chg

      GUY.TO Guyana Goldfields Inc. +6.29%
      SAR.AX Saracen Mineral Holdings Limited +3.73%
      KCN.AX Kingsgate Consolidated Limited +3.57%
      DGC.TO Detour Gold Corporation +3.40%
      JAG.TO Jaguar Mining Inc. +2.78%
      RRL.AX Regis Resources Limited +2.65%
      KOZAL.IS Koza Altin Isletmeleri A.S. +2.33%
      EVN.AX Evolution Mining Limited +1.79%
      RMS.AX Ramelius Resources Limited +1.27%
      SBM.AX St Barbara Limited +1.12%
      NST.AX Northern Star Resources Limited +1.01%
      NCM.AX Newcrest Mining Limited +1.01%
      CGG.TO China Gold International Resources Corp. Ltd. +0.97%
      CEE.TO Centamin Plc +0.84%
      MND.TO Mandalay Resources Corporation +0.79%
      CG.TO Centerra Gold Inc. +0.67%
      ACA.L Acacia Mining plc +0.52%
      DNG.TO Dynacor Gold Mines Inc. +0.51%
      RRS.L Randgold Resources Limited +0.47%
      RSG.AX Resolute Mining Limited +0.46%
      TGZ.TO Teranga Gold Corporation +0.33%
      POLY.L Polymetal International Plc +0.29%
      KGC Kinross Gold Corporation +0.23%
      HGM.L Highland Gold Mining Limited +0.16%

      • On October 10, 2017 at 4:31 pm,
        Excelsior says:

        >> Ticker Symbol / Small Gold Producers Company Name / % Chg

        SBI.TO Serabi Gold plc +14.29%
        CGN.AX Crater Gold Mining Limited +12.50%
        MXSG Mexus Gold US +9.76%
        GQM.TO Golden Queen Mining Co. Ltd. +9.33%
        R.TO Red Eagle Mining Corporation +7.84%
        ANX.TO Anaconda Mining Inc. +7.14%
        EXG.AX Excelsior Gold Limited +6.00%
        MQR.V Monarques Gold Corporation +5.88%
        PGI.AX PanTerra Gold Limited +3.77%
        ALTN.L Altyn Plc +3.64%
        MOY.AX Millennium Minerals Limited +3.33%
        NIM.V Nicola Mining Inc. +2.94%
        MYA.V Maya Gold and Silver Inc. +2.67%
        KDR.AX Kidman Resources Limited +2.16%
        CAL.TO Caledonia Mining Corporation Plc +1.25%
        GSS Golden Star Resources Ltd. +0.99%

        • On October 10, 2017 at 4:35 pm,
          Excelsior says:

          Ticker Symbol / Gold Development Stage Companies / % Chg

          BEX.V Benton Resources Inc. +8.33%
          AGG.V African Gold Group, Inc. +8.33%
          WKM.V West Kirkland Mining Inc. +7.69%
          VIT.V Victoria Gold Corp. +6.25%
          NUS.TO Nautilus Minerals Inc. +5.56%
          BGM.V Barkerville Gold Mines Ltd. +4.94%
          MAE.V Maritime Resources Corp. +4.55%
          LGD.TO Liberty Gold Corp. +4.21%
          SFEG Santa Fe Gold Corporation +4.21%
          NCA.TO NewCastle Gold Ltd. +3.70%
          MXL.V MX Gold Corp. +2.86%
          GQC.V Goldquest Mining Corp. +2.86%
          CNL.TO Continental Gold Inc. +2.37%
          BSX.TO Belo Sun Mining Corp +1.85%
          NVO.V Novo Resources Corp. +1.79%
          FPC.V Falco Resources Ltd. +1.71%
          AAU Almaden Minerals Ltd. +1.69%
          NEE.V Northern Vertex Mining Corp +1.56%
          MAX.TO Midas Gold Corp. +1.49%
          LYD.TO Lydian International Limited +1.43%
          GOR.AX Gold Road Resources Limited +1.38%
          PGLC Pershing Gold Corporation +1.28%
          TRX Tanzanian Royalty Exploration Corporation +1.14%
          EGI Entrée Resources Ltd. +0.92%
          GSV Gold Standard Ventures Corp +0.60%

          • On October 10, 2017 at 4:46 pm,
            Excelsior says:

            Ticker Symbol / Gold Prospect Generator-Royalty Company / % Chg

            MD.V Midland Exploration Inc. +11.46%
            CMD.V Commander Resources Ltd. +11.11%
            ANZ.V Alianza Minerals Ltd. +10.53%
            BEX.V Benton Resources Inc. +8.33%
            AVU.V Avrupa Minerals Ltd +6.67%
            GUG.V Gungnir Resources Inc. +6.06%
            MED.V Medgold Resources Corp. +5.88%
            AMZ.V Almadex Minerals Limited +4.44%
            AMI.TO AuRico Metals Inc. +3.79%
            SNG.V Silver Range Resources Ltd. +3.13%
            GMX.TO Globex Mining Enterprises Inc. +3.09%
            AZM.V Azimut Exploration Inc. +3.03%
            AU.V Aurion Resources Ltd. +2.69%
            SMD.V Strategic Metals Ltd. +2.35%
            GZZ.V Golden Valley Mines Ltd. +1.79%
            OR.TO Osisko Gold Royalties Ltd. +0.12%

  9. On October 10, 2017 at 2:17 pm,
    JohnK says:

    You know what happens when you turn on the lights in a room full of cockroaches.
    http://www.foxnews.com/politics/2017/10/10/weinstein-ties-to-clinton-obama-run-deep.html

    • On October 10, 2017 at 2:40 pm,
      JohnK says:

      Members will be more than willing to sacrifice one of their own to preserve the ongoing existence of the Tribe. Collective shame will start dictating events.

    • On October 10, 2017 at 4:44 pm,
      GH says:

      All these high level perverts hang out together.

      Who owns Hollywood?

      Corey Feldman (truth-teller): Pedophilia, Satanism & Homosexuality In Hollywood
      https://www.youtube.com/watch?v=5KV1fk_yF0w

      • On October 10, 2017 at 4:46 pm,
        GH says:

        Who runs Hollywood? C’mon
        December 19, 2008|JOEL STEIN

        http://articles.latimes.com/2008/dec/19/opinion/oe-stein19

        • On October 11, 2017 at 7:22 am,
          OOTB Jerry says:

          The Jews are so dominant, I had to scour the trades to come up with six Gentiles in high positions at entertainment companies. When I called them to talk about their incredible advancement, five of them refused to talk to me, apparently out of fear of insulting Jews. The sixth, AMC President Charlie Collier, turned out to be Jewish.

          • On October 11, 2017 at 7:22 am,
            OOTB Jerry says:

            Per the article………..connecting the dots………………. 🙂

  10. On October 10, 2017 at 2:27 pm,
    JohnK says:

    Bill Gross:
    We have fake markets because of the Fed.(Money Changers)

    http://www.zerohedge.com/news/2017-10-10/bill-gross-we-have-fake-markets-because-fed