Chris Temple from The National Investor – Mon 22 Jul, 2019

How to invest in an early stage bull market like the PMs

Chris Temple recently wrote to his subscribers that he thinks the precious metals and stocks will have a little pullback in the near term. This comment got us on the topic of how to trade a market like the PMs which seems to be in an early stage bull market. We also look ahead to the major drivers over the next two weeks of the ECB and Fed meeting. Watch how the currencies react most closely.

Click here to visit Chris’s site and follow along with his model portfolios.

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Comments:
  1. On July 22, 2019 at 10:10 am,
    b says:

    thx chris/cory

  2. On July 22, 2019 at 10:21 am,
    OOTB Jerry says:

    Gold is fine…………

  3. On July 22, 2019 at 10:46 am,
    larry says:

    /GC…daily gold for my 2 cents….7th wave up with RSI(14) divergence…Confirmed the wave 6 hanging man reversal candle on wave 7 reversal…Initial TAS support at 1421 plus OUL at 1432…Gold must break 1392 TAS profile bottom for the 1336.60 Tom Demark support trend line support to become the next target…If that level fails next target is 1280.5 initial Tom Demark breakout bar…..Just an opinion…I think 1225 on weekly is the actual buy!..It eventually gets tested

    • On July 22, 2019 at 11:11 am,
      Matthew says:

      I’ll stick my neck out a tiny bit and predict that 1225 never comes close to getting tested.

      • On July 22, 2019 at 11:54 am,
        bonzo b. says:

        I’d be surprised if 1300 is broken.

        • On July 22, 2019 at 12:04 pm,
          OOTB Jerry says:

          Ditto……….$1307……….

        • On July 22, 2019 at 12:11 pm,
          Matthew says:

          Me too. The action is better than most people think so a very deep correction will probably have to start from a much higher level. It is for good reason that most who attempt to actively trade a bull market become roadkill.
          Obviously, profit-taking and/or rebalancing along the way is wise.

      • On July 22, 2019 at 4:28 pm,
        Ozibatla says:

        Look at this stage I gotta agree with you Matthew. If it were to happen however, that would be one depressing bull-trap for the PMs.

  4. On July 22, 2019 at 11:21 am,
    larry says:

    /GC…topping signals on weekly…AB=CD completed…Tom Demark sequential 9 count this weekly…of course 2 daily closes over 1434 monthly resistance is very bullish

  5. On July 22, 2019 at 11:41 am,
    larry says:

    GDX is doing the definition of a light volume retest right now….Market makers are done tomorrow hedging their exposure…The short is now or tomorrow…so i go half short…i wish me some luck!

  6. On July 22, 2019 at 1:29 pm,
    Charles says:

    Matthew – What do you think of today’s action in Impact? It topped the 30 cent high in ISVLF. I have already taken some profits, but thinking about taking some more and re-allocating.

  7. On July 22, 2019 at 2:09 pm,
    markedtofuture says:

    Daimler to Produce Crypto Hard Wallet for Automotive Industry

    The wallet has implications for ride-sharing, autonomous vehicles, and on-the-go payments, according to the company.

    https://www.coindesk.com/daimler-partners-with-riddle-code-to-produce-automotive-hard-wallet

  8. On July 22, 2019 at 2:09 pm,
    Charles says:

    Thanks Matthew. I will sit tight for a while and enjoy the ride. You have got to love Andrews Pitchforks. I wish that was a technical tool my broker supported.

  9. On July 22, 2019 at 6:07 pm,
    markedtofuture says:

    CBP rebuked by watchdog, whistleblowers for ‘failure’ to collect DNA from migrant detainees

    https://www.foxnews.com/politics/cbp-dna-migrant-detainees-watchdog-whistleblowers

  10. On July 22, 2019 at 6:22 pm,
    larry says:

    near tops make your stops 1.278 of the average true range added to the closing price…Then no worries at all…normal stops are 1.618….
    glta