Chris Temple from The National Investor – Mon 29 Jul, 2019

Gold continues to hold up well in the face of a rising dollar

Chris Temple, Founder of The National Investor joins me to shares his thoughts on gold ‘s ability to hold up in the face of the rising US dollar. We all are looking forward to the Fed statement and press conference but it’s more important to assess the market moves especially in the dollar. We outline two very different scenarios when it comes to the Fed statement and market moves.

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Comments:
  1. On July 29, 2019 at 9:49 am,
    Matthew says:

    Dollar ETF UUP is at resistance but looks like it’s going higher:
    https://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=3&mn=9&dy=0&id=p24950569118

  2. On July 29, 2019 at 10:07 am,
    markedtofuture says:

    SerialBrain2: Mueller, The Mess, The Shambles, The Lamb And The Flood

    https://www.youtube.com/watch?v=P0NkbvFuIoo

  3. On July 29, 2019 at 10:41 am,
    cfs says:

    Gold is being controlled.

    Pt up $16
    Pd up $22 today at this moment.

    • On July 29, 2019 at 11:17 am,
      OOTB Jerry says:

      Dang cfs……….what was your first clue………

      • On July 29, 2019 at 11:20 am,
        OOTB Jerry says:

        Return of the great depression about to hit everyone in the face…..
        100yr. anniversary…..1921-22…the cabal is too funny…..manipulation of all the stocks,
        and the money….sorry ass bastards.

        • On July 29, 2019 at 11:37 am,
          OOTB Jerry says:

          Roaring 20’s……followed by……

        • On July 29, 2019 at 12:14 pm,
          OOTB Jerry says:

          Federal prosecutors signed a non-prosecution agreement in June with Merrill Lynch Commodities Inc. and Bank of America (Merrills parent company) for rigging the precious metals markets.
          The U.S. Department of Justice found gold and silver traders working at Merrill Lynch had “schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market.”

          The agreement references “thousands of fraudulent orders” — intended artificially to move the markets up or down by “spoofing” other traders and investors — over a period of six years.

          Two traders have been indicted on criminal charges so far. The non-prosecution agreement was only for the mega-bank, not for its more expendable staff.

          The bank gets off with a less-than-consequential $25 million fine, a promise not to do it again, and a commitment to set up more controls … which they can self-monitor. …

          • On July 29, 2019 at 12:16 pm,
            OOTB Jerry says:

            Bastards……..and that includes the FED and US GOVT.

          • On July 29, 2019 at 2:44 pm,
            David says:

            Need to send the Regulators a copy of the Federal Criminal Code. It may shock them when the find out all the things that are criminal crimes. Then to add to their confusion, they should read Federal Procedural directives that requires them to submit criminal cases to the Justice Department for submission to a Grand Jury. State AGs should band together and take the whole lot of them, regulators included, to State Grand Juries…or at least take away most of their salaries.

          • On July 29, 2019 at 3:05 pm,
            OOTB Jerry says:

            Ditto David…….agree 100%

          • On July 29, 2019 at 6:46 pm,
            Temple says:

            Move markets UP or down??????????

      • On July 29, 2019 at 5:24 pm,
        cfs says:

        About 70 years ago, my grandfather pulled his wallet and tucked away in a pocket was a $20 gold piece. And he said “that’s not for spending, but for saving – that’s real money”.
        Pulling out a $20 greenback….”This is spending money”
        I wish I had saved some of those greenbacks, because, if my memory is correct, they had some red printing on them. Probably collector’s items now.

        • On July 30, 2019 at 4:48 am,
          OOTB Jerry says:

          Yep, you should have saved them…..if , they were $20 red seal, Large Size Notes…,

          • On July 30, 2019 at 4:55 am,
            OOTB Jerry says:

            1948……all the Large size notes would have been pulled out of circulation, …..so , it most likely was a small size note……different value all together …..unless it was a star note.

    • On July 29, 2019 at 11:45 am,
      Matthew says:

      Gold remains very overbought on the weekly chart yet still looks like it will move significantly higher before it moves even modestly lower. It’s being controlled by market forces.
      https://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=3&mn=0&dy=0&id=p32883033727&a=650141574

      • On July 29, 2019 at 11:53 am,
        OOTB Jerry says:

        I would have to agree…….

  4. On July 29, 2019 at 10:48 am,
    BDC says:

    Well Done

  5. On July 29, 2019 at 11:03 am,
    Matthew says:

    Gold has been on a daily chart MACD sell signal for 3 weeks yet has only gone higher. This is bull market action like we saw from the unstoppable Claude Resources in 2015.
    https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=7&dy=0&id=p81886796175&a=678425491

    • On July 29, 2019 at 11:19 am,
      b says:

      Yup, gold looks strong to me here.
      But my glasses are pretty old now so Im really never sure of what I’m seeing anymore.

    • On July 29, 2019 at 12:46 pm,
      Bonzo Barzini says:

      And now the old CEO of Claude Res. is running NGD which has more than doubled since May. Renaud Adams must be pretty good!

      • On July 30, 2019 at 3:52 am,
        Excelsior says:

        Most of the old Claude team is over at GFG Resources now:

        Brian Skanderbeg was most recently President and CEO of Claude Resources Inc. since November 2014 – which was acquired by Silver Standard Resources Inc. for $337 million.

        https://www.gfgresources.com/about-us/management-team/default.aspx

  6. On July 29, 2019 at 11:09 am,
    Excelsior says:

    Year -To-Date Returns on a line #chart on a dozen Gold Producers I follow closely

    http://cdn.ceo.ca/1ejsfqj-Gold%20Small-Mid%20Producers%20YTD%20Returns%20Linechart.JPG

    • On July 30, 2019 at 3:41 am,
      Excelsior says:

      Lawrence Lepard – We are in the Next Leg Up for this Gold Bull Market

      by @PalisadeRadio on 30 Jul 2019

      https://ceo.ca/@palisaderadio/lawrence-lepard-we-are-in-the-next-leg-up-for-this-gold-bull-market

    • On July 30, 2019 at 3:55 am,
      Excelsior says:

      Another #merger in the Silver/Copper sector. Things are heating up for more M&A.

      (ABRA) (ABBRF) AbraPlata Agrees in Principle to Merge with (AET) Aethon Minerals

      by @newswire on 29 Jul 2019

      https://ceo.ca/@newswire/abraplata-agrees-in-principle-to-merge-with-aethon

      • On July 30, 2019 at 4:04 am,
        Excelsior says:

        Lot of money in Aethon from Spott and Altius behinde Aethon. Let’s see how this combined Gold/Copper company does in getting more eyeballs that the 2 individual companies were getting.

        ________________________________________________

        “In early May 2018 Altius effectively sold its portfolio of copper projects it had generated in Chile in partnership with Mining Equity Fund from 2013-2016 to Aethon Mineral Resources in collaboration with Sprott Capital Partners for 11.2 million shares and a 2% NSR royalty covering the portfolio of which Altius owns an effective 49% interest.”

        http://altiusminerals.com/projects/aethon

        • On July 30, 2019 at 4:07 am,
          Excelsior says:

          Whoops – meant Silver / Copper company…. 🙂

          I’m a shareholder in ABRA and have been waiting for a re-rating, and after all this merger is finalized then the new combined company should raise a few eyebrows.

    • On July 30, 2019 at 4:13 am,
      Excelsior says:

      (PGM) (LRTNF) Pure Gold Intersects Bonanza Grade Gold Including 108.5 g/t Gold Over 1.0 Metre at Madsen Red Lake

      by @nasdaq on 30 Jul 2019

      https://ceo.ca/@nasdaq/pure-gold-intersects-bonanza-grade-gold-including-1085

  7. On July 29, 2019 at 1:02 pm,
    OOTB Jerry says:
  8. On July 29, 2019 at 1:13 pm,
    Ryan says:

    Mexus +25% Today:

    Mexus running Merrill Crowe gold recovery plant
    3:00 am ET July 29, 2019 (Globe Newswire) Print

    Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is again pleased and excited to announce positive progress at its solely owned and operated Santa Elena mine. Mexus has sufficient values returning to the pregnant pond from the heap leach pad that on July 27 it began running its Merrill Crowe gold recovery plant. The resulting precipitate will be smelted to gold dore in the near future. Mexus’ #2 heap leach pad is being readied and is to be loaded with higher grade ore with leaching commencing on August 4. This will mark the start of continuous production for Mexus Gold.

    Mexus Gold US President, Paul Thompson Sr., added “Our plan is stay focused on processing the Julio vein and adjacent shear zone and expand the company with revenue from the sale of precious metals.”

    • On July 29, 2019 at 5:19 pm,
      Excelsior says:

      +25 Nice!

      • On July 29, 2019 at 8:51 pm,
        buzz says:

        Like their slow but steady slog forward…

        • On July 30, 2019 at 3:57 am,
          Excelsior says:

          I’m just thrilled to MXSG Mexus finally using the leach pads at Santa Elena to start producing gold finally. Most investors are likely unaware that they have several other properties that can easily brought online into heap leach production, and they finally have figured out the right mix to get the clay out of the mix and fully utilize the right chemistry with the Merill Crowe plant. Now they can duplicate it elsewhere.

          • On July 30, 2019 at 3:58 am,
            Excelsior says:

            Mexus is also a very tiny company, so when the gold production hits, it will have huge impacts on their margins and give them the revenues to quickly expand.

  9. On July 29, 2019 at 1:28 pm,
    OOTB Jerry says:

    Rude awaking…….
    Outsized gains are now only available to the few with the skills and experience required to gamble high-risk assets successfully, and this is becoming more difficult; even the professional class of money managers are increasingly unable to beat passive index funds.

    The top 5% are riding high now that central banks have inflated stupendous bubbles in stocks, housing and other assets, but these gains are speculative.These gains are often viewed as permanent entitlements (i.e. bubbles never deflate), but if history is any guide, those holding speculative gains as if they were a form of savings are in for a rude awakening in the next few years.

  10. On July 29, 2019 at 1:40 pm,
    irishtony says:
    • On July 29, 2019 at 3:07 pm,
      OOTB Jerry says:

      Tony……..glad to see your post………..
      Hope all is well….

      • On July 29, 2019 at 3:33 pm,
        irishtony says:

        Hi Jerry…Yes i am good ,I visit KER a few times every day but i have stoped talking , because i seem to upset the fake know it all prof…..Make of that , what you will.
        Bob M….knows what i mean……..I shall shut up now. You take care.

  11. On July 29, 2019 at 2:27 pm,
    cfs says:

    You WANT COLLUSION?

    you want CONSPIRACY?

    You ain’t seen nothing yet.
    Google is conspiring to RIG the 2020 Election for the Democrats.

    https://soundcloud.com/breitbart/breitbart-news-tonight-dr-robert-epstein-june-24-2019

    I’ve always considered the Pen is Mightier than the Sword,
    but technology (a machine gun) beats the sword and the Pen.

    Google is ultimate technology monopoly.
    IT MUST BE BROKEN UP.

    • On July 29, 2019 at 3:06 pm,
      cfs says:
    • On July 29, 2019 at 9:36 pm,
      buzz says:

      Ephesians 6:12. For our struggle is not against flesh & blood, but against the rulers, against the authorities, against the powers of this dark world & against the spiritual forces of evil in the heavenly realms.

  12. On July 29, 2019 at 3:25 pm,
    OOTB Jerry says:

    Watch Hong Kong Open………see what gold does at the open…..
    Iran and Russia thinking about joint military action..
    https://www.zerohedge.com/news/2019-07-29/iran-and-russian-navies-planning-joint-drill-gulf-region-next-year

    • On July 29, 2019 at 3:27 pm,
      OOTB Jerry says:

      Humm………that is next year….2020….humm election time…….

  13. On July 29, 2019 at 3:30 pm,
    OOTB Jerry says:

    Trump on the Q…….
    Trump Slams Fed: “QT Was A Big Mistake” And “A Small Rate Cut Isn’t Enough”

  14. On July 29, 2019 at 4:44 pm,
    cfs says:
    • On July 29, 2019 at 5:00 pm,
      OOTB Jerry says:

      Dang , is she still kicking……..

      • On July 29, 2019 at 5:07 pm,
        OOTB Jerry says:

        Louise……..is a great one………consider gold on the move and confirmed going higher…

  15. On July 29, 2019 at 5:12 pm,
    cfs says:
  16. On July 29, 2019 at 10:05 pm,
    markedtofuture says:
    • On July 30, 2019 at 6:36 am,
      OOTB Jerry says:

      Then by April 2010, that is when Greece had to ask the IMF for a bailout. What is amazing is how no banker was ever charged for the toxic financial waste they created while trading against their own clients.


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