Chris Temple from The National Investor – Thu 31 Jan, 2019

Gold’s Highest Monthly Close Since April and More Comments on The Fed

After the comments by Powell yesterday, which Chris and I discussed at length (click here if you missed that discussion) there are some longer term considerations that need to be understood for investors. We also touch on the monthly close gold will put in. All of this ties into why Chris thinks gold is a great investment moving forward.

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Comments:
  1. On January 31, 2019 at 9:44 am,
    CFS says:

    The dilemma is that they rig “inflation” low.
    They rig most materials low.
    So how can “inflation” appear high?

    In the meantime taxes are maxxed out, and creeping socialism means they have to keep printing more and more.

    The sh*t may well begin to hit the wall soon, but not during the first quarter.
    The can is getting quite dented as we keep on kicking.

    • On January 31, 2019 at 11:09 am,
      spanky says:

      They have got to get the BoJ and/or ECB to bend over, without lube, one more time to save the dollar, IMO. I think they have reached the limit of that game. No way they pull off another 2013. No way.

      Either that or aliens that crap gold have already landed.

  2. On January 31, 2019 at 10:01 am,
    CFS says:

    The real Clinton/Democrat Conspiracy to dirty up Trump is coming out:
    https://www.youtube.com/watch?v=7rckEXMemMQ

    Wait until the Inspector General’s new Report comes out.

  3. On January 31, 2019 at 10:10 am,
    b says:

    Goldman says gold price will hit 6-year high in 2019
    “Central bank buying alone gets it to $1,425” – Goldman Sachs head of commodity research Jeff Currie.

    Isnt goldman one of the “insiders” rubbing shoulders with the price setters?

    • On January 31, 2019 at 11:06 am,
      spanky says:

      these thieving scumsuckers have been loading their coffers with gold for 20 years. they aren’t dumb, that is for damn sure.

  4. On January 31, 2019 at 10:32 am,
    CFS says:

    The crazy Democrat/Venezuelan theory of money printing to infinity.

    https://www.youtube.com/watch?v=WS9nP-BKa3M

    I guess she did not learn from Wiemar or Zimbabwe.

  5. On January 31, 2019 at 10:47 am,
    CFS says:

    Prof. Stephanie Skelton never considers is the loss of purchasing power that comes from excess money creation.
    She’s right in believing deficits do not have to be repaid, because a Sovereign country can always print more money.
    But she does not understand the in a REAL world, currency value decreases and what money will buy decreases.
    If she measures currency in REAL VALUE units, her theory implodes and the real economy collapses……Venezuela, Zimbabwe, Weimar Republic, Fall of Roman Republic.

  6. On January 31, 2019 at 11:01 am,
    spanky says:

    tomorrow we get the employment #. Expect a blowout number that sends the USD higher IMO. Because why not.

    Regardless, I am going to go out on a limb and say that USD is going to get smashed no later than the second week of February. Of course, whether gold responds to that is anyone’s guess as it may very well peak well before the USD finds its next low. However, I am hoping that that massive drop corresponds to a large move higher in silver and some of the mining laggards (like silver miners).

    Total guess though. The near term really is a crap shoot.

  7. On January 31, 2019 at 11:05 am,
    spanky says:

    At this point I would hope everyone knows USD is toast. Despite that, they are going to probably drag this drama out for as long as possible.

  8. On January 31, 2019 at 11:20 am,
    CFS says:

    The US Dollar is not toast.

    There are too many dollars. i.e. too much dollar wealth, for the USD to do anything rapidly, notwithstanding manipulation that can always shift things a few percent.

    Long term the US dollar may slowly decay, as US assets and resources are consumed by excessive deficit spending.
    Make no mistake, deficit spending slowly consumes assets and rexources as excess printed dollars are used to buy goods both internally (in USA) and externally.
    It is the external buying that causes the longterm USD changes.

    • On January 31, 2019 at 1:16 pm,
      b says:

      I dont believe the U.S. dollar is “toast”.

      I think it will slowly move to being a local currency just as all the previous world reserve currencies have done.

  9. On January 31, 2019 at 11:23 am,
    OOTB Jerry says:

    The rich elites better get it while they can…..If Bernie has his way….there will be no billionaires ………..
    https://www.zerohedge.com/news/2019-01-31/bernie-sanders-proposes-77-estate-tax-billionaires

    • On January 31, 2019 at 11:26 am,
      OOTB Jerry says:

      He just needs to get a target on the right families…….how about the Queen, the Rothechilds, Getty heirs…..and some presidential people would be nice……

      • On January 31, 2019 at 11:26 am,
        OOTB Jerry says:

        Hilly and Billy….Bushy…..and the like……..lol

    • On January 31, 2019 at 11:27 am,
      OOTB Jerry says:

      Of course , all those jerks have estate planning in place, …..and the estates are not going to be touched.

    • On January 31, 2019 at 11:28 am,
      OOTB Jerry says:

      Bernie …..is just a big mouth, without a cause…….

  10. On January 31, 2019 at 12:42 pm,
    CFS says:

    Off Topic:
    Digging into Roger Stone case…..
    Roger Stone prosecutor Jeannie Rhee donated $5400 to Hillary in 2015-2016 and $9600 total to Obama in 2008 and 2011.

    Her husband was a special assistant to Eric Holder and counsel to Dick Durbin.

    Judge Amy Berman Jackson is a committed Democrat who hates Trump.

    I believe totally excessive pesence was used for his arrest to scare any Trump helpers off.

    • On January 31, 2019 at 1:24 pm,
      OOTB Jerry says:

      Figures………..they are all connected…..,system is a scam…..

  11. On January 31, 2019 at 12:46 pm,
    CFS says:

    https://youtu.be/JmZa-0PDH0s?t=22

    Ron Paul today talking war with China.

  12. On January 31, 2019 at 8:47 pm,
    Excelsior says:

    (SOLG.L) SolGold Announces Intention to Make Offer to Acquire All
    Outstanding Common Shares of (CGP) Cornerstone Capital Resources Inc.

    31 January 2019

    https://www.rns-pdf.londonstockexchange.com/rns/6510O_1-2019-1-31.pdf

    • On January 31, 2019 at 8:52 pm,
      Excelsior says:

      A number of Cornerstone Capital investors don’t believe the main stakeholders will accept this offer from SolGold, and that other larger mining conglomerates may take a swing at Cornerstone instead. It will be interesting to see if that is just wishful thinking or if we do see a few other big boys come to the table for a partial stake in Cascabel.

  13. On February 1, 2019 at 7:51 am,
    spanky says:

    A bit disappointed with most of my miners so far this morning. After underperforming massively over the last few months, EXK is down 2.7% today. Hopefully it can turn it around by the close.

    OTOH, AXU is up a couple cents and is up 21% on the week currently.

    I literally have no idea how the silver miners will play out over the next 6 months except that I believe the Nov-December lows should hold. Their picture is much weaker technically than gold miners—GDX is on the verge of breaking through cloud cover at which point the low 20s will become extremely solid support IMO. The silver miners are far away from having the same setup. Regardless, once the silver miners get their 20 WMAs turning upwards, I would expect that MA to be an area of heavy buying for years to come. On any correction, the 20 WMA should always be considered a logical target.

  14. On February 1, 2019 at 8:26 am,
    spanky says:

    Right now, the commodity complex is looking cooked for most of 2019, IMO. Based on the weekly Ichimoku cloud, there is about a 2 to 3 week max window for a serious rally to be mounted–every day that ticks by makes the likelihood of breaking over the cloud less likely. At best, GCC will be rangebound for most of the year, and with a very strong likelihood of making a new low IMO.

    That doesn’t really support the notion of exploding silver at all TBH.

    Let’s see what happens.

  15. On February 1, 2019 at 9:01 am,
    spanky says:

    Yen is getting smashed today. Because, you know, the Fed has finally made the “Fed put” express monetary policy. Forget about a gentle correction. It needed to get smashed.

    Whatever.