Chris Temple from The National Investor – Fri 13 Dec, 2019

So do we have a Phase 1 trade deal or not? Also UK election comments.

Chris Temple joins me to recap the news overnight of a possible signing of the Phase 1 trade deal and push back of the December 15th tariffs. Depending on what headlines you read you might have thought that a deal was signed. However no deal has been signed and markets are all over the place. We also touch on the UK election which make a Brexit much more likely in the near term.

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Comments:
  1. On December 13, 2019 at 11:38 am,
    cfs says:
  2. On December 13, 2019 at 11:57 am,
    cfs says:

    Boris is never a whole hearted Brexiteer. But he is politically savvy, and does believe in strong ties to the British Commonwealth, which were damaged on UK’s entry to the EU.

    The UK is a nation of shopkeepers or at least shopkeeper mentality. They do trade internationally much above their population would suggest, because the UK has radically changed in the last 50 years to a multi-ethnic nation.

  3. On December 13, 2019 at 12:22 pm,
    b says:

    The silver stock volume spiked last week in a way that was very similar to what we saw in mid-2011. Moreover, last week’s session was a clear shooting star reversal candlestick. These candlesticks are powerful bearish signals if they are accompanied by big volume. And that’s exactly what we saw. When we exited our long positions and entered short ones close to last week’s high, the outlook was already bearish, but seeing this kind of powerful confirmation of the reversal in silver stocks makes this change even more justified.

    Thats the opinion of the Silver Phoenix 500

    https://www.silver-phoenix500.com/article/silver-miners-pinpoint-precious-metals%E2%80%99-outlook

  4. On December 13, 2019 at 1:25 pm,
    Matthew says:

    A convincing reversal for IPT; check out the huge volume of the last two weeks:
    https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=3&mn=9&dy=9&id=p84849480682&a=661550334

    • On December 13, 2019 at 2:10 pm,
      Matthew says:
      • On December 13, 2019 at 4:08 pm,
        RICHARD/DOC says:

        I would say IPT has a little further to run but don’t see it taking out its’ high of this summer/fall. In fact, the odds are it falls back into the lower part of its’ range in January. However, it’s forming a higher trading range which is a positive.

        • On December 13, 2019 at 10:31 pm,
          Matthew says:

          Despite the last two left-translated cycles and Bollinger Band resistance (.45 monthly and .47 weekly), I see it taking out .51 no later than January.
          As a group, the silver stocks put in their multi-year (post-2016) low about 8 months after the gold stocks so they are well behind in presenting a more bullish technical picture and the more speculative juniors are even further behind. But the action in SIL and SILJ since mid October shows that the silver stocks are shaping up very well and the very recent action in IPT shows that it is not excluded from this bullish development. The huge volume of the last two weeks is very unlikely to be the result of dumb money buying considering the current sentiment and the price drop since early August.

          • On December 14, 2019 at 1:25 am,
            Excelsior says:

            It is also very significant that since putting in an intermediate bottom in late 2018, that IPT has put in a series of “higher lows” since then, which is quite bullish for the medium to longer term.

          • On December 14, 2019 at 8:38 am,
            Matthew says:

            And the recent low was a backtest of the July breakout:
            https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=4&mn=1&dy=0&id=p61516103611&a=676382921

          • On December 14, 2019 at 9:09 am,
            Excelsior says:

            Yep, double whammy support.

  5. On December 13, 2019 at 1:26 pm,
    Matthew says:
  6. On December 13, 2019 at 1:39 pm,
    charles says:

    I was going to ask you about IPT earlier. Glad you brought it up. Also, check out the weekly bar on Metalla Resources.

  7. On December 13, 2019 at 11:16 pm,
    Matthew says:

    The XAU just put in its highest weekly close since August, 2016 — 173 weeks ago…
    https://stockcharts.com/h-sc/ui?s=%24XAU&p=W&yr=5&mn=7&dy=0&id=p31243199415&a=699164164