Chris Temple from The National Investor – Mon 5 Aug, 2019

Is the ongoing trade war going to be the biggest policy mistake for markets and the economy?

While it didn’t take long for Chine to fire back with their own tariffs against US goods. This is pushing US markets and the US dollar significantly lower while providing another boost to gold and treasuries. Chris Temple joins me today to share his thoughts on the escalation of the trade war and market moves. The overarching question is will these trade wars end up being a major policy mistake which pulls the globe into a full on recession…

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Comments:
  1. On August 5, 2019 at 9:58 am,
    Temple says:

    To clarify, the danger is this trade war is morphing ever more into something WELL beyond that.

    • On August 5, 2019 at 10:51 am,
      b says:

      Ya, currency wars, then trade wars, then shooting wars.
      Kind of a pattern.

      This pressure the americans are putting on nations especially Iran and China is beyond stupid.
      It makes me think they are stupid euff to use nukes.

      • On August 5, 2019 at 10:53 am,
        b says:

        We wait for years for gold to do sumtin and when it finally does they drop a nuke on us.
        Talk about crappy luck.

        • On August 5, 2019 at 11:28 am,
          OOTB Jerry says:

          They are not going to drop a nuke on anyone…..they need the sheeple to fleece um….
          A little shooting war……is control …who are they going to sell all the drugs, and harvest all the hearts and body parts from, if they nuke everyone………

  2. On August 5, 2019 at 10:24 am,
    OOTB Jerry says:
  3. On August 5, 2019 at 10:26 am,
    OOTB Jerry says:
    • On August 5, 2019 at 10:27 am,
      OOTB Jerry says:

      It will only get worse from here. China has already shown us where stocks are heading due to trade war tensions.

  4. On August 5, 2019 at 10:39 am,
    ron says:

    Consumer staples like PG might not be as low risk as you think. Since most are made in China and Tariffs are mostly on consumer goods,

  5. On August 5, 2019 at 10:49 am,
    Matthew says:

    GDX is up 75% versus the NYSE Composite Index since last September. Most at that time thought the gold sector was going lower and that stocks would rise forever.
    GDX:NYA…
    https://stockcharts.com/h-sc/ui?s=GDX%3A%24NYA&p=W&yr=3&mn=11&dy=0&id=p07170805207&a=635882742

  6. On August 5, 2019 at 11:19 am,
    Matthew says:

    SLV is up 1.3% while SPY is down 2.9%. That is very good behavior when you consider how many people (wrongly) assume that silver’s industrial demand is a key price driver.

    S&P 500:
    https://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=5&mn=11&dy=0&id=p9625284799c&a=413006120

  7. On August 5, 2019 at 11:24 am,
    cfs says:

    By China lowering its Yuan/RMB to its lowest value in 10 years not statement that Trump is right and Tariffs are working……AND the US consumer is not paying a lot more.

    China is also stopping any buying of U.S. Agricultural goods.
    (But as I have previously stated, that will not seriously effect US sales, because world demand is larger than production.
    Once stored amount of Soy and corn decreases, expect significant price increases.

  8. On August 5, 2019 at 11:51 am,
    Charles says:

    Speaking of Agriculture, look at DBA which is a basket of the soft commodity futures. Is it putting in a double bottom? Time will tell.

  9. On August 5, 2019 at 11:52 am,
    Charles says:

    Time to have Ned Schmidt on again about his favorite ag stocks in the current environment.

  10. On August 5, 2019 at 11:56 am,
    Charles says:

    Sandstorm (SAND) is charging forward on heavy volume today. Must be institutional money.

    • On August 5, 2019 at 12:16 pm,
      OOTB Jerry says:

      Heard some guy , talking about royalty companies as being a great buy , for those not familiar with mining companies….
      Who not surprise me , one bit on the institutional money hopping in….

      • On August 5, 2019 at 12:18 pm,
        OOTB Jerry says:

        who to would
        and the guy was CEO of Metalla Royalty & Streaming…

        • On August 5, 2019 at 12:22 pm,
          Charles says:

          Good to know, I own a bunch of Metalla.

          • On August 5, 2019 at 12:27 pm,
            OOTB Jerry says:
          • On August 5, 2019 at 12:30 pm,
            Charles says:

            Thanks Jerry. I wish it was trading today!

          • On August 5, 2019 at 12:45 pm,
            OOTB Jerry says:

            You are welcome…..

  11. On August 5, 2019 at 12:00 pm,
    Matthew says:

    Priced in gold, GDX has not yet exceeded its 7/23 high. That’s a negative that will probably be rectified soon.
    https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=D&yr=1&mn=2&dy=0&id=p29070174419&a=680726631

    • On August 5, 2019 at 12:28 pm,
      Charles says:

      It’s interesting how the RSI bouced right at the 50 line.

      • On August 5, 2019 at 12:32 pm,
        Matthew says:

        Yes it is. That sharp, 10%+ correction did not change the bullish picture (well, it did for the better).

        • On August 5, 2019 at 1:07 pm,
          Charles says:

          A quick recharge of the batteries.

  12. On August 5, 2019 at 12:13 pm,
    Matthew says:

    Resistance shrinks significantly for GDX above 29.40…
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=13&mn=6&dy=0&id=p99741395613&a=675431182

  13. On August 5, 2019 at 12:53 pm,
    Matthew says:

    This is hard to believe but I drew the big green circle on the following chart in December, before price entered it…
    https://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=5&mn=5&dy=0&id=p5815032207c&a=636664586

    Of course the circle doesn’t mean anything but what are the odds that price would move in such a “fitting” way with it — from bottom to top?

  14. On August 5, 2019 at 2:21 pm,
    cfs says:
  15. On August 5, 2019 at 2:45 pm,
    Excelsior says:

    … and yet the real #LooneyBinBlowhards like Harry Dent, keep getting paraded out like they have a clue. Here is Mr. Looney right before Gold bottomed in late 2015, and has trekked higher from it’s major bottom at $1045.40 to $1476.50 today.

    ________________________________________________

    > #Gold is doomed.
    06/01/2015 – Harry Dent

    “Gold is doomed. Its price is going to melt to just $700 an ounce… and it’s likely to go a LOT LOWER.”

    https://dentresearch.com/archives/gold-is-doomed-learn-more-here/

    • On August 5, 2019 at 2:46 pm,
      Excelsior says:

      #WrongoInTheCongo

      • On August 5, 2019 at 2:53 pm,
        Matthew says:

        You can add fools like Eric Townsend and Brent Johnson to that list.
        https://www.youtube.com/watch?v=1FTHP1d_64g

        • On August 5, 2019 at 2:56 pm,
          Excelsior says:

          Or even Jim Rogers, who was still waiting for $950 gold or lower with tweety.

          Whoops!

          http://schrts.co/sCSxkaRH

          • On August 5, 2019 at 3:28 pm,
            Matthew says:

            As far as I know, Jim said that well before the 2015 low. To casually throw around the possibility of a 50% correction early in the decline isn’t half as foolish as the two guys giving their views in January of this year.
            Jim is not a chart guy and always says he’s the worst timer so it might be a stretch to treat his number as an official call in the first place. In addition, he’s a billionaire with a big following so he just might make a habit of sharing numbers that will keep a lot of investors from bidding against him when HE is buying.

            And Eric Townsend? I guess he belongs on that stage if Timothy Sykes does.

          • On August 5, 2019 at 5:23 pm,
            Excelsior says:

            That’s a fair point as initially Jim Rogers threw out $900-$950 in 2013, but he reiterated in 2015 that he wait until then to start buying (missing the bottom and turn into 2016), and reiterated again in 2017 that he was still waiting for a pullback in Gold to aroun $900 to start buying, so if his many followers listened to Mr Bow Tie, then they all would have missed the run from $1045.40 to $1476.50 thus far.

            The final washout below $1000 and lower never came.

            I do agree that people that were making claims for a final washout earlier this year were even more wrong-footed, and didn’t see what had already unfolded the last few years.

      • On August 5, 2019 at 2:53 pm,
        Excelsior says:

        4 year Gold Chart showing the bull market unfold: (nowhere close to the $700) 😉

        http://schrts.co/sCSxkaRH

  16. On August 5, 2019 at 5:20 pm,
    Excelsior says:

    Gold: the unbearable brightness unseen

    Greg Nolan – August 5, 2019

    https://equity.guru/2019/08/05/gold-unbearable-brightness-unseen/

  17. On August 5, 2019 at 7:15 pm,
    Excelsior says:

    $MXSG Mexus pours gold at its Santa Elena mine

    @nasdaq – 5 Aug 2019

    The company recovered gold from its first heap leach pad using its Merrill Crowe gold recovery system. The remaining precipitate smelting is expected to take 5 days. “This is a monumental moment for Mexus. It has taken years with many ups and downs but through hard work and the dedication of our staff we’ve been able to meet this long sought-after goal. Mexus looks forward to building out the Santa Elena mine,” added Mexus CEO, Paul Thompson Sr.

    http://mexusgoldus.com/mexus-pours-gold-at-its-santa-elena-mine/

    • On August 6, 2019 at 5:44 am,
      Excelsior says:

      (JAG) (JAGGF) Jaguar Mining Announces Appointment of Chief Executive Officer and Changes to the Board of Directors

      @newswire – 6 Aug 2019

      “On behalf of the Jaguar Mining’s Board of Directors, I am very pleased to welcome Vernon Baker as the new CEO,” said Thomas Weng, Chairman, Jaguar Mining. “Mr. Baker is an experienced executive with extensive underground mining experience and a diverse operational background. We are excited by his commitment to continue executing Jaguar’s key strategic priorities and turnaround strategy.”

      https://ceo.ca/@newswire/jaguar-mining-announces-appointment-of-chief-executive-8e925

  18. On August 5, 2019 at 7:49 pm,
    Chartster says:
    • On August 5, 2019 at 8:32 pm,
      Matthew says:

      That’s funny coming from “one more washout” Chartster.
      I think I’ll sell after you’ve repeatedly called for one last spike.

  19. On August 6, 2019 at 4:06 am,
    Chartster says:

    No chance of a wash, eh?

  20. On August 6, 2019 at 7:56 am,
    Excelsior says:

    Uranium Investing Made Simple by Mike Alkin, Sachem Cove. Don’t Get Distracted by The Small Stuff

    @CRUXinvestor on 6 Aug 2019

    – Section 232: What Happened and was it Necessary?
    – US Reactors, Regulations, Costs when compared to other Energy Sources
    – 90 Day Working Group
    – Investment Hacks and What Should you Look for in Companies?
    – The Growing Gap of Supply and Demand
    – Inelastic Nature of Price & Possible Catalyst Moments
    – Investor psyche
    – Cameco’s recent Conference Call

    https://ceo.ca/@cruxinvestor/uranium-investing-made-simple-by-mike-alkin-sachem-cove-dont-get-distracted-by-the-small-stuff

  21. On August 6, 2019 at 8:03 am,
    Excelsior says:

    (ORL) (ORE.AX) (OROCF) Orocobre Limited – Naraha Lithium Hydroxide Plant Groundbreaking Ceremony
    (08/05/2019)

    “The Naraha Plant, the first of its kind to be built in Japan, is designed to convert primary grade lithium carbonate feedstock sourced from the Olaroz Lithium Facility into purified battery grade lithium hydroxide. Sales of lithium hydroxide will be managed by TTC as exclusive sales agent under a similar joint marketing arrangement to that operating for lithium carbonate from the Olaroz Lithium Facility. The majority of production is expected to be delivered to the Japanese battery industry.”

    https://www.orocobre.com/wp/?mdocs-file=5910

  22. On August 6, 2019 at 8:20 am,
    Matthew says:

    Precious Metals Video Update: Gold in Foreign Currencies Hits All Time High
    https://www.youtube.com/watch?v=1UeenXIWmTk

  23. On August 6, 2019 at 8:26 am,
    OOTB Jerry says:

    $1472………looking good……….

    • On August 6, 2019 at 8:35 am,
      OOTB Jerry says:

      One thing for sure …….The action and dumping is totally different , and has been for a few months…………jmo

  24. On August 6, 2019 at 10:03 am,
    Temple says:

    I’m starting to look for “the cartel” on milk cartons when I go to the store.. .what happened to all of them??

    • On August 6, 2019 at 11:43 am,
      OOTB Jerry says:

      They got rounded up with the milk cartons…….

      • On August 6, 2019 at 12:12 pm,
        OOTB Jerry says:

        call the CME group…..Carton of Milk for Everyone…….


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