Chris Temple from The National Investor – Fri 8 Jun, 2018

Are The US Markets Right To Be Ignoring Everything On Tap Next Week?

Chris Temple joins me today to recap the relatively quiet week in the markets and look ahead to a data and central bank filled next week. There are reasons the US markets have shown some strength which could easily continue. However there are issues around the world that no one knows how they will play out.

Click download link to listen on this device: Download Show

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


Featuring:
Chris TempleCory Fleck
View related posts on: ,

Comments:
  1. On June 8, 2018 at 9:40 am,
    Excelsior says:

    Kenya in talks on Oil pipeline as output set to begin in 2021
    By David Herbling on 5/30/2018

    http://www.worldoil.com/news/2018/5/30/kenya-in-talks-on-oil-pipeline-as-output-set-to-begin-in-2021

  2. On June 8, 2018 at 10:31 am,
    spanky says:

    Just BTFD!

    • On June 8, 2018 at 10:41 am,
      Matthew says:

      Brixton Metals had its BTFD day on Wednesday and today was JAG’s turn (Jaguar Mining)…

      http://schrts.co/x6jSeH

      • On June 8, 2018 at 10:46 am,
        Matthew says:
        • On June 8, 2018 at 5:59 pm,
          Excelsior says:

          I’m pretty jazzed on JAG. Looking forward to see it make it’s next move higher this fall.

      • On June 8, 2018 at 10:57 am,
        Matthew says:
      • On June 8, 2018 at 11:09 am,
        spanky says:

        I didn’t mean PM miners. They are the last place I would put new money at this point. Talk about throwing good money after bad.

        • On June 8, 2018 at 11:20 am,
          Matthew says:

          I took your comment as pure sarcasm.
          Your negativity is just funny.

          • On June 8, 2018 at 1:50 pm,
            CaliJoe says:

            I think Spanky probably lost a lot of money investing in miners. Fact is, miners have one of the highest alpha if you know how to trade them. Next is oil stocks.. Some E&P companies are one the best trades right now.

          • On June 8, 2018 at 1:58 pm,
            Matthew says:

            Do you like a specific region or country more than the rest?

          • On June 8, 2018 at 1:58 pm,
            Matthew says:

            Referring to E&P companies…

          • On June 8, 2018 at 2:04 pm,
            Matthew says:
          • On June 8, 2018 at 2:25 pm,
            spanky says:

            I haven’t lost a dime on the miners. I’m still in the green after 2 years of holding.

  3. On June 8, 2018 at 10:31 am,
    Matthew says:

    It wouldn’t surprise me if gold gets hit one more time before the Fed meeting next week. If it does, the CoT data would likely improve significantly.

    http://schrts.co/n1Dx1z

    • On June 8, 2018 at 11:20 am,
      spanky says:

      It’s always lower. “Just a little lower to shake out weak hands.” Trending bull markets don’t act that way. Yeah yeah, I know we haven’t taken out the 2016 lows. That’s a hell of a low threshold for calling something a bull market. Fact is, the 50 WMA should have never ever crossed below the 100 WMA on GDX if this was a trending bull. It’s not. GDX may not get back down to its 2016 low, but it’s not going anywhere for at least another year. It’s probably not going to take out its 2016 high for another 3 or 4 years.

      IPT won’t close more than 4 weeks above its 100 WMA in the next year. If it does, I will leave this board forever.

      • On June 8, 2018 at 11:21 am,
        Matthew says:

        Is little b your brother? 🙂

    • On June 8, 2018 at 11:31 am,
      spanky says:

      Just “one” more time?

      And what about silver? The COTs are horrendous. They probably will be even more horrendous this week. It’s going to take more than a 1 day to drop to get rid of the small specs.

      Again, I think silver might be able to bounce to its 100 WMA, but it will be sold/shorted like crazy if it get there.

      • On June 8, 2018 at 11:55 am,
        Matthew says:

        Yes,(LOL!!!) one more time. You act like there’s something unusual going on with gold. The king of cash is currently up 24% in 2.5 years and all you can do cry about it. If you’d learn to buy right AND sell right, your perception of things might get a little more objective (and accurate!).

        At least you’re still long so you’re going to making money whether you like it or not, kicking and screaming — if you don’t get greedy.

        • On June 8, 2018 at 12:15 pm,
          spanky says:

          Whatever dude. The problem is, this is not a trending “bull” (and I use that term very very loosely).

          You have been wildly (and I mean WILDLY) optimistic about timing of the next leg up. That’s all there is to say. I think the risk is heavily on the side of sideways to down over the next year. (Again, in the short run we can tag the declining 100 WMAs–which is the case for 99% of miners.)

          • On June 8, 2018 at 12:23 pm,
            Matthew says:

            I’m wildly happy I didn’t listen to you about IPT last fall!

          • On June 8, 2018 at 12:37 pm,
            spanky says:

            It’s perfectly possible that IPT could waffle between the 100 WMA and 200 WMA’s for some time here.

            However, I think there is a very good chance that the December ’17 low will be taken out. I also think there is a real chance that the ’16 gap is closed in due time (maybe sometime next year).

          • On June 8, 2018 at 12:59 pm,
            Matthew says:

            That wouldn’t change the fact that it went up 120% from the December low (that you had no interest in buying).

          • On June 8, 2018 at 2:14 pm,
            b says:

            ipt dec 8 low 26 cents, apr 20th 55 cents. today 38 cents
            Maybe my charts are wrong?

            Rule # 17- 4 paragraph 3, dont get married to a stock.

            No offence, but other than that exact price dip there really wasnt much to be made with ipt.

            Buying jan 2016 for 11/12 cents and selling at anything over $1 was the play, since then….questionable.
            Yes there was %s to be made but ya can say that about countless shares.

            Smart money was on weed, under $3 to $40.

            So, as it turns out, I was exactly correct, grab a 1/2 cent share for the spike and move to pot.

            thank you..thank you very much.

          • On June 8, 2018 at 2:54 pm,
            Matthew says:

            The low on December 8th was .255; the high was .56 on April 19th and 20th. That’s a $300,000+ swing for my position.

            Try harder little b.

          • On June 8, 2018 at 3:21 pm,
            b says:

            Try harder? What are you talkin about?

            Your quibbling and trying to impress lol, but trading ipt relentlessly for years doesnt compare to being right and sitting tight.

            Of course, maybe it does if your perfect so, congratulations.

          • On June 8, 2018 at 3:33 pm,
            Matthew says:

            Bull or bear, the juniors must be traded. Yes, I am pleased with having scooped up one of the right stocks last fall. A double (120% from low to high) in a few months is still pretty good in my book.

            Livermore’s “sitting tight” comment is over used and misapplied by lazy investors everywhere.

          • On June 8, 2018 at 3:34 pm,
            Matthew says:

            I am also glad I bought back my Jag shares as it plunged to 21 cents last year.

          • On June 8, 2018 at 5:38 pm,
            b says:

            Your right, buying at under $3 and sitting to sell about $40 today would be lazy, Im sure youve made much more trading ipt.

            Tuff to do as a stock plunges without selling short, you gotta be good.

          • On June 8, 2018 at 5:43 pm,
            b says:

            You bought jag too, just prior to the “spike” up, I mentioned that anything was going to jump, the kitco list was my example, I was 100% correct.
            Anything and everything jumped.

            It really didnt take much more than watching the market for….i dunno…a few years. lol

          • On June 8, 2018 at 5:46 pm,
            Excelsior says:

            I bought IPT last Dec and JAG when the fund liquidated shares as well.

            It is very true that the Jr Miners must be traded around a core position in sideways or down markets, and when the next impulse leg higher kicks off (and when Gold breakes the 2016 high of $1377.50) then it will be time to sit on positions for a while and ride them up.

            Livermore was investing in general equities and large cap stocks that generally trend higher over longer period of times. Buying and holding Jr Miners in very volatile channeling is not a great strategy and is not what Livermore was talking about. It would be the same for Weed, Crypto, or Biotech stocks that are super volatile.

          • On June 8, 2018 at 6:46 pm,
            Excelsior says:

            I actually added to about 15 stocks between Nov-Dec of last year, with most of the emphasis the days leading up to the last FOMC rate hite. I trimmed some back in Jan & Feb but have already deployed it all again.

          • On June 8, 2018 at 6:56 pm,
            Excelsior says:

            I’m working on building up some dry powder to deploy in August and then likely won’t add again until tax loss season.

          • On June 8, 2018 at 7:21 pm,
            Matthew says:

            Put your weed down, b, you’re babbling.

        • On June 8, 2018 at 12:31 pm,
          spanky says:

          If all we had to go off of was the gold chart, I would have no question that it is at least constructive on most time frames (although the monthly is overbought and facing stiff resistance).

          The problem is the miners and silver are acting like they need more time to base out. Again an observation of the weekly MAs is all the evidence you need to see for that. If GDX’s 50 WMA is able to cross back over the 100 WMA prior before dropping below the 200 WMA, it will be a freakish event. Price has simply stayed below the 100 WMA for too long for that to happen now.

          • On June 8, 2018 at 5:48 pm,
            Excelsior says:

            The metals have behaved very much according to seasonal patterns this year, so if that trend continues then positioning in late summer (August) for the September rally is generally a good idea.

            #Gold Futures – 20 Year #Chart ending 12/31/2015

            http://charts.equityclock.com/seasonal_charts/futures/FUTURE_GC1.PNG

  4. On June 8, 2018 at 11:18 am,
    Matthew says:
    • On June 8, 2018 at 11:54 am,
      spanky says:

      It’s off signficantly from the level shown. It was stopped dead in its track at the declining 100 WMA. Just like the miners, the 50 WMA has crossed below 100 WMA.

      Show me the money. It’s got to close well above the 100 WMA for at least a few weeks. Not going to happen anytime soon. I’ll bet it breaks down hard first. Give it another year, just like the miners.

  5. On June 8, 2018 at 11:22 am,
    spanky says:

    What’s next, peso-gold leading the way?

  6. On June 8, 2018 at 1:47 pm,
    b says:

    3 people on the thread.

    Looks like we need 1 “last” washout.

  7. On June 8, 2018 at 2:28 pm,
    GH says:

    I get excited when I look at the precious metals charts, but the past few months have been a boring grind, while there has been money to be made in other sectors. I’m watching closely, but still out.

    Bearish oil shares (XOP), bullish uranium and pot. Some of the crypto charts are interesting too. Even if it’s just a bounce that doesn’t reach all-time-highs, the %ages are so big that a very profitable trade is still possible.

    Hats off to you, b, on your championing the weed stocks.

    • On June 8, 2018 at 2:32 pm,
      GH says:

      The dis-connect between the tantalizing charts and the boring grind in the precious metals is extreme. Maybe it’s paranoia, but the PMs seem like the ultimate chart-painters’ playground.

    • On June 8, 2018 at 2:49 pm,
      b says:

      thx GH
      nice of you to say.

  8. On June 8, 2018 at 3:04 pm,
    CFS says:
  9. On June 8, 2018 at 3:41 pm,
    Nigel says:

    I wish someone could explain the uranium market to me it seems very odd

    • On June 8, 2018 at 5:56 pm,
      b says:

      Nigel, just for fun you could check Micky Fulp.
      I think he covered uranium but I havnt read his stuff for awhile.

    • On June 8, 2018 at 6:43 pm,
      Excelsior says:

      Scan up though the last few hundred posts and the Uranium market will gradually come into focus:

      https://ceo.ca/uranium

  10. On June 8, 2018 at 3:43 pm,
    Paul L says:

    I am just sticking with oil and Weed stocks as they are more predictable and quite easy to make large gains. I loaded up heavy with 6700 shares of xop on Wednesday and dumped them today as oil showed weakness. Weed and Acb are great for trading. I cashed out today as I don’t trust this topping market.
    The market has been rising for years mainly because of share buy backs with borrowed money which results in higher earnings per share so the party continues with big bonuses for executives for share price performance and the rich get richer with the market going up. Eventually those loans will need to be paid at higher interest rates. The debt cannot just keep going up as it will start to impact the balance sheets.

    • On June 8, 2018 at 6:02 pm,
      Excelsior says:

      I’ve just started accumulating AOI posted at the top. The downward descent looks mostly done and I believe the second half of 2018 and in particular 2019 will be big for them.