Chris Temple from The National Investor – Fri 2 Aug, 2019

Recapping the week for the market and politics – This is worth your time

Chris Temple has some very interesting thoughts on the recent tariffs put on Chinese goods. We of course still touch on market moves but the big picture of where the world is going needs to be top priority.

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  1. On August 2, 2019 at 2:34 pm,
    OOTB Jerry says:

    Good points Chris……….

    • On August 2, 2019 at 3:35 pm,
      cfs says:

      Chris nailed even before Trump’s tweets.
      I think, but cannot prove, China is retaliating to Trump’s tariffs by suggesting to N.Korea that it is fine to test non-intercontinental missiles. This, I believe, is China’s way of putting pressure on to Trump. (If China can shorten Trump’s time to negotiate by taking away Trump’s accomplishments, then perhaps China will get a better trade deal.)
      China obviously has had tremendous benefits from not only stealing trade secrets, but also by demanding 51% of foreign business operations in China. This has literally GIVEN CHINA $TRILLIONS, and it must end.
      Every time Trump mentions Xi or other Chinese officials, he has NEVER personally attacked them; he has always praised them or been neutral, very carefully not destroying “face”.

  2. On August 2, 2019 at 2:40 pm,
    OOTB Jerry says:

    Gold looking good……Chinese are not going to give……jmo

    • On August 2, 2019 at 3:45 pm,
      cfs says:

      Even though Xi is “emperor” for life, I think economic pressure may well force China back to the negotiation table. Not immediately, but other developing Asian nations, e.g. Vietnam, can replace cheap Chinese labor, which is not as cheap relatively as it once was.
      Because it takes time to build new factories, China has some time, but not a long amount of time.

      Also weather in China has NOT been good this year; it will NEED agricultural supplies.
      Since the world’s food supply barely meets needs, it does not matter if China buys from e.g. Brazil, because other countries which would have bought from Brazil will now have to buy from the US.

  3. On August 2, 2019 at 3:14 pm,
    cfs says:

    https://youtu.Ira's metalsbe/2S32ZZ7NbbM?t=13

  4. On August 2, 2019 at 4:34 pm,
    Matthew says:

    Gold hit resistance today and closed near it while finishing the week at its highest weekly close of the year (by a $30 margin). Gold was a MACD sell for the last month but never did go lower.
    Now a daily chart MACD buy, it looks like it will be going higher next week…

  5. On August 2, 2019 at 5:58 pm,
    Matthew says:
  6. On August 2, 2019 at 8:19 pm,
    Ron says:

    If you don’t want to pay tariffs on your cell phone, just buy one made in the good old USA. Oops: there is not a single cell phone made in the USA. Even if it was the high-tech chips inside the phone are also made in China. Can we even make one??? This is not ok. Thank God Trump is doing something to correct this. Not enough in my opinion. The first Politian in 50 years to not sell us out. Google Microsoft, Apple these are not American corporations these are Global Corporations and should not be allowed to participate in internal USA politics.

  7. On August 2, 2019 at 8:38 pm,
    johnnygeneric says:


  8. On August 2, 2019 at 8:59 pm,
    Buzz says:

    China’s intention is to wait Trump out. They’ve got a lot of treasuries & a lot of gold

    • On August 2, 2019 at 9:19 pm,
      buzz says:

      It might behoove the Fed to follow JP Morgan’s example & start stockpiling massive quantities of silver. A silver certificate sure beats paper trillions

  9. On August 3, 2019 at 4:20 am,
    Rog says:

    Americans have to stop thinking that the Chinese have the same objectives in their country as Americans and capitalism have in theirs. Chinese have been doing this for thousands of years and many do not want capitalism. American’s have also increased their standard of life by buying cheap Chinese goods, so I don’t buy the premise that China is taking advantage of the US. The US is NOT in the driver seat, they are not even in the same vehicle as China.