Chris Temple from The National Investor – Thu 12 Oct, 2017

Easy Money Is Expanding Its Reach

Chris Temple is currently on his way down to the Chicago Resource Expo head tomorrow. Below is a link to sign up for free if you are in the Chicago area.

In today’s call we touch on a number of different topics. Starting with the renewed run in base metals. With copper back above $3 (currently $3.10) this could be a function of so much money in the system that needs to find a home. We also recap the Fed minutes from yesterday.

Click here to visit the Chicago Resource Expo website and sign up if you are in the area.

Click download link to listen on this device: Download Show


Featuring:
Chris TempleCory Fleck
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Comments:
  1. On October 12, 2017 at 9:17 am,
    spanky says:

    The march to infinity begins…

    http://stockcharts.com/h-sc/ui?s=AMZN&p=W&b=5&g=0&id=p68435927884&a=549930696&listNum=1

    AMZN and GOOG will own the US in 20 years.

    • On October 12, 2017 at 10:12 am,
      bonzo barzini says:

      Eric Sprott, Quinton H., Robert McCewan, and Pierre Lassonde will be multi-billionaires in 5 years.

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

        It’s pretty obvious just how much the mining stocks outperformed bloated FANG stocks like Amazon AMZN just over the last 2 years. It boggles the mind to think how much they’ll outperform the general indexes over the next 2-3 years.

        **> Let’ put things into perspective with just a 2 year chart showing how Execellon (EXN), Alexco (AXU), and Impact (IPT) performed versus Amazon (AMZN).

        Even after their consolidation back down over the last year, the quality Silver Jrs are still crushing inflated juggernauts like AMZN.

        http://stockcharts.com/h-sc/ui?s=EXN.TO&p=D&yr=2&mn=0&dy=0&id=p68758389212

        • On October 12, 2017 at 12:57 pm,
          Matthew says:

          *jugger-nots like AMZN 😉

          • On October 12, 2017 at 3:16 pm,
            Excelsior says:

            good one!

          • On October 12, 2017 at 4:31 pm,
            OOTB Jerry says:

            Hold on to your nots……………. 🙂

  2. On October 12, 2017 at 9:22 am,
    spanky says:

    $rut strong buy today. It tagged the 10 day ema today. “Correction is over. You won’t see it lower than today ever again in nominal, US dollar terms. :p

    http://stockcharts.com/h-sc/ui?s=%24RUT&p=D&b=5&g=0&id=p22461509459&a=549931325&listNum=1

    • On October 12, 2017 at 10:16 am,
      Matthew says:

      That’s funny, Spanky. You’re going to see it lower very soon!

      • On October 12, 2017 at 11:45 am,
        spanky says:

        What, like 0.5% lower? Sure.
        I think the Fed has blown a bubble, and people are rationally piling into stocks because the Fed has expressly backstopped the markets. I suppose if you hedged currency risk, you have all bases covered in a hyperinflationary orgasm. Maybe when the last sucker realizes that a 10,000% gain in 6 months might be problematic, the PMs will finally get a real bid.

        • On October 12, 2017 at 12:07 pm,
          Matthew says:

          There is nothing rational about buying one of the oldest bull markets at lofty valuations only seen two or three times in the last century.

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

            +1

          • On October 12, 2017 at 12:48 pm,
            spanky says:

            hyperinflation

          • On October 12, 2017 at 12:54 pm,
            Matthew says:

            As long as there are undervalued alternatives, that changes nothing. Early in a hyperinflation, stocks will still be vulnerable to a large correction.

          • On October 12, 2017 at 12:59 pm,
            spanky says:

            This is moral hazard of epic proportions. Apply game theory to the situation. If stocks falter, the Fed will come to the rescue with the printing press–they have stated exactly that. Ergo, why should stocks ever go down in nominal terms?

          • On October 12, 2017 at 1:31 pm,
            Matthew says:

            Emphasis on “hazard.”

            Don’t take the bait. The Plunge Protection Team is nearly 30 years old; how’d that work for ya in 2008?

            https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets

          • On October 12, 2017 at 1:43 pm,
            spanky says:

            Sorry, 2008 was before the US govt and Fed went all-in on the stock market, QE and the wealth effect.

          • On October 12, 2017 at 1:55 pm,
            Matthew says:

            I’m well aware of their sorcery post-2008. It’s just PPT 2.0. They’re once again loading the trap with people like you who have faith in their words.

      • On October 12, 2017 at 11:53 am,
        spanky says:

        Also, the miners rarely if ever are able to rally much when the Dow is falling. Best case they tread water and then out perform once the stock market gets its footing.

      • On October 12, 2017 at 1:04 pm,
        spanky says:

        Also, are you trying to call a top? If not, you know very well what the final blowoff in a bubble can do to price and valuations.

        So is it now, 3 months, 6 months, 12 months until “the top”? You said “soon”. Enlighten us.

        • On October 12, 2017 at 1:28 pm,
          Matthew says:

          You said we “won’t see it lower than today ever again…”

          So my comment did not need to be based on calling a major top.

          I think we’ll see it “lower than today” as soon as tomorrow and easily next week.

  3. On October 12, 2017 at 9:57 am,
    Jason says:

    Easy $ Chris = Bitcoin, Litecoin, and Ethereum.

    It’s Bitcoin rising this week. Up $1000 in about 5 days. Who can’t use a few extra Gs?

    Litecoin woke from its slumber as well.

    All hail crypto!

    • On October 12, 2017 at 10:19 am,
      JohnK says:

      Jason:
      #3 of 30 behaviors that will make you unstoppable.
      3. Don’t be motivated by money or anything external.
      Having nice things is, well, nice. But for you, it’s never been about the money, prestige or anything else outside of you. Take these things away and nothing changes for you. You’re still going to be pushing your personal limits and giving it your all. Give these things to you and they won’t destroy you like they do most people.

  4. On October 12, 2017 at 10:11 am,
    b says:

    Yup, bitcoin hits record yet again, on the other hand, U.S. mint silver eagle sales are nothing to speak of.
    OI is supposed to be pretty big
    The 18th is the oil for yuan deal, that really should drop demand for US dollars, maybe then PMs start to react.
    Course, maybe people choose cryptos.

    • On October 12, 2017 at 4:32 pm,
      OOTB Jerry says:

      Forget silver eagle , they are losers………..no body is paying up for eagles……

      • On October 12, 2017 at 4:35 pm,
        OOTB Jerry says:

        these are not numismatic coins……….unless , you wait…a couple of decades ……..

        • On October 12, 2017 at 4:36 pm,
          OOTB Jerry says:

          Just bullion, with a fancy name…………….jmo

          • On October 12, 2017 at 4:37 pm,
            OOTB Jerry says:

            Same with Maple leafs………..why waste the premium ………….jmo

  5. On October 12, 2017 at 10:31 am,
    Bob UK says:

    Looks like everyone has given up on an October crash in the stock-markets.

    Santa Rally already underway?

  6. On October 12, 2017 at 11:44 am,
    CFS says:

    Even the plunge protection team will have a problem stopping the correction.

  7. On October 12, 2017 at 4:31 pm,
    OOTB Jerry says:

    Novo…………the new shake and bake…………

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