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Oil Price War Is Devastating Energy Companies – The Gold Price Sells Off Into The Close

Cory
March 31, 2020

Chris Temple wraps up the day with comments on the oil sector and gold.

The price for oil has dropped into negative territory in some areas of the US. Chris thinks it will get worse and have an impact on the banking system as well.

As for gold, price drifted down throughout the day and closed below $1,600. Chris reiterates his thoughts on the overall market and buyers in gold.

Click here to visit Chris’s site and learn more about his newsletter.

Discussion
132 Comments
    Mar 31, 2020 31:03 PM

    Good……..to hear……..CT……..long term……is ok with gold…… 🙂

    Mar 31, 2020 31:43 PM

    Another $6 Trillion plus $2 Trillion……….hummmm, …LOL

      Mar 31, 2020 31:16 PM

      Hey Jerry, your Pensive Pence is speaking right now…you can hear and see him now…

      https://www.youtube.com/watch?v=jyp0KpB0_Zc

        Mar 31, 2020 31:30 PM

        Pence is a moron………He was gov……now he is part of the planned demise of the USA.

          Mar 31, 2020 31:31 PM

          The virus is a hoak……..YOU heard it here first………….

          Mar 31, 2020 31:41 PM

          He’s the dutiful Establishment/neocon back stop to Trump…like Bush, Sr. was to Reagan.

            Mar 31, 2020 31:43 PM

            Ditto

            Mar 31, 2020 31:48 PM

            Good guy though personally…was on his show YEARS ago when he had a talk show in Indy. But long a neocon/Empire Kool-aid drinker

            Apr 01, 2020 01:33 AM

            VP sounds like someone that wants to flee to Argentina in the dark.

    Mar 31, 2020 31:44 PM

    In the next year you can add a “0” to that $2 Trillion…remember where you heard it first!

      Mar 31, 2020 31:22 PM

      Very tough time ahead…and it’s going to be very sad…many lives destroyed.

    Mar 31, 2020 31:44 PM

    OOTB, this is for you.
    The fed, corona hoax, gold.

    https://www.youtube.com/watch?v=pNc_9Ld2_5E&feature=em-uploademail

      Mar 31, 2020 31:55 PM

      Thanks……..I like the guy on the right………GOLD MAN…..O

        Mar 31, 2020 31:59 PM

        OOPs………that is the guy on the left……..

      Mar 31, 2020 31:00 PM

      John…..needs to look at the tape….John…start at the 13 min mark…..HOAKS…

        Mar 31, 2020 31:06 PM

        JOHN……..go to the 24 min mark……….

    Mar 31, 2020 31:01 PM

    Interesting from English.alarabia.net:
    If the Corona Virus is like the Sars and Mers, (which it is) The Covid Virus could survive in a freezer 2 years at -20 degrees.
    Also the virus can survive 72 hours in your refrigerator.

    Also another thing I discovered while researching the N-95 Mask, during the manufacture process, the polypropylene fibers are given an electrical charge to attract the virus.

    Mar 31, 2020 31:05 PM

    From Science.org:
    George Gao – Director General of the Chinese Center for Disease Control stated
    “The big mistake in the U.S and Europe, in my opinion is that people aren’t wearing masks.”

    Mar 31, 2020 31:07 PM

    Of course we all know, at least I do why everyone isn’t wearing a mask.
    https://www.adn.com/nation-world/2020/03/31/cdc-considers-advising-the-public-to-wear-face-coverings/

      Mar 31, 2020 31:17 PM

      Dear John…….the reporter is from WAPO…….come on……..

        Mar 31, 2020 31:18 PM

        Like I said…….Do your home work……

          Mar 31, 2020 31:21 PM

          George Gao isn’t.

            Mar 31, 2020 31:24 PM

            You would listen to a Chinese guy……come on…..Have you ever done business with a chinaman……

            Mar 31, 2020 31:25 PM

            I’m marking this date Jerry.
            The day Jerry called the Covid Virus a hoax for the ??? time.
            Here’s one with some local reporting.https://www.adn.com/alaska-news/2020/03/29/first-known-patient-to-die-in-alaska-of-covid-19-had-not-traveled-was-social-distancing-family-says/

            Mar 31, 2020 31:27 PM

            Mark it…..Make sure you get the entire page……..since you have not listened to most of the other post……

            Mar 31, 2020 31:35 PM

            Funny Jerry, that is about the same thing a woman at work who thinks the size of her ass is a direct correlation to the amount of her intelligence said to me, after she asked me why I was wearing a mask.
            She couldn’t start to fathom that you wear a mask not to infect other people.
            Nobody knows who’s who until your tested, even the CDC has come out and said that it was possible to be contagious before symtoms show.

            Mar 31, 2020 31:37 PM

            And I will add:
            She’s been trimming potatoes for 23 years so she must be an expert.

            Mar 31, 2020 31:40 PM

            Are you going to answer my question below……or not…….I want to make sure when you bring this page up , in a few months………we have a record……

          Mar 31, 2020 31:21 PM

          Have you listened to George Webb……at least one time…????

            Mar 31, 2020 31:28 PM

            George is going to go with what ever gets clicks.
            Don’t you know he’s an expert on everything.
            Where’s Oleg Deripaska now?
            I guess it really didn’t matter in the first place

            Mar 31, 2020 31:30 PM

            MY question…..was have you ever listened to George…..YES OR NO

            Mar 31, 2020 31:31 PM

            That is GEORGE WEBB………..YES OR NO

            Mar 31, 2020 31:39 PM

            Of course I’ve listened to George, His side kick as well.
            I quit listening and started reading.
            You should try it.

            Mar 31, 2020 31:41 PM

            How many times…………..did he lose you in the first program…

            Mar 31, 2020 31:44 PM

            Jery;
            Now that you’ve joined the hairdryer club, may I suggest some 4D Chess with Chartster.

            Mar 31, 2020 31:47 PM

            John……How many times……..make any number up……..

            Mar 31, 2020 31:47 PM

            Were entering old territory Jerry, like when I questioned you about your continual posting of zero hedge.
            When was the last time Zero Hedge put out a positive story on anything?

            Mar 31, 2020 31:48 PM

            Avoiding the question……hummm

            Mar 31, 2020 31:54 PM

            And remember Jerry, the only reason I’m still here is that Big Al gave me the 10% Precious metals advice at the Uranium Summit and then advised me to read The Creature from Jeckyl Island as well as Milton William Coopers Book “Beyond A Pale Horse.”
            Which books would you recommend?

            Mar 31, 2020 31:55 PM

            THE BEST SELLER OF ALL TIMES………THE BIBLE……..KJV…. 🙂

            Mar 31, 2020 31:05 PM

            I’m not going to argue with you there Jerry.
            Now tell me a couple of books you would recommend after we have established the importance of the Bible.

            Mar 31, 2020 31:07 PM

            The Fed Chartster has always been Private.
            If you want I can produce a list of the share holders.
            Your move.

            Mar 31, 2020 31:08 PM

            The Fed has always been Private.
            I can produce a list if you want.

            Mar 31, 2020 31:16 PM

            I’ve known who the share holders were for years. Key word,,, were!
            There ya go 2D John.. ( like, ..duh…)
            You heard about the fed being nationalized, here, first! (from me)

            Mar 31, 2020 31:25 PM

            Chartster, if the Fed were nationalized it would still be 100% as Marxist (which means WRONG). How clueless can you be?

            Mar 31, 2020 31:41 PM

            Sorry mat, you’ve dug the hole so deep, the dirt is just raining down on you, now.
            You did it to your self.

            Mar 31, 2020 31:33 PM

            Another moronic answer from a moron. Shocking.

            Mar 31, 2020 31:42 PM

            And yet, you just keep digging.

            Mar 31, 2020 31:24 PM

            I gave you a straight up fact and you’ve got no rebuttal because you know nothing.
            You still haven’t explained what the gold-oil ratio has to do with the gold standard because you realized the answer is NOTHING and that your knee-jerk assertion was foolish and embarrassing.
            The fact is, you’re as clueless about Trump, politics, economics and central banking as you are about reading a chart.
            Your pitiful delusions and fantasies are obviously impervious to reality but I’m sure there are medications for that.

            Mar 31, 2020 31:43 PM

            Ok dum fk, here’s where the questions hit you in that hollow noggin!

            Why is the stock market getting hammered? Is it because it was over-valued by fiat?!
            Why are commodities going down hard core? Is it because they are over valued in relation to gold? Why did oil drop to ‘unprecedented gold standard levels?

            Summary:
            Markets are returning to values as they would be under the gold standard.

            Mar 31, 2020 31:03 PM

            I rest my case.
            Summary: You’re full of it.

            Oil did not collapse to “gold standard levels” genius. Lol, you think credit cycles don’t exist on a gold standard. Do you actually believe that oil would stay at one price under a gold standard? If so, you’re as special as I thought you were.
            Economic/credit cycles are a fact of life even on a gold standard. Every sector of the economy will always experience swings in their respective valuations and that is a fact. The difference is that those swings would tend to be less dramatic most of the time.

            The extreme low that oil reached relative to gold in the 1930s was primarily because the economy collapsed. The same goes for all other commodities.

            Stocks were recently overvalued relative to gold but it was at a very similar valuation in 1929 and a much greater valuation in 1966 and the dollar was pegged to gold in both cases. But that is not why stocks are falling now or why they fell then.
            Far more important is the fact they they had become very expensive relative to earnings at a time when the consumer was carrying all the debt he could manage.

            There is so much to add but it won’t change that you’re an uninterested bonehead so I’ll leave it at that.

            You’re ridiculous.

            Apr 01, 2020 01:01 AM

            Here’s a present for you Chartster. Even you should be able to make sense of the following.

            Gold is currently trading at nearly 80 barrels of oil which you thought reflected gold standard pricing since a similar extreme was reached during the Great Depression. So I decided to provide you with some gold-oil valuations going back to 1865. Obviously each of the following dates were during a gold standard.
            The “hollow noggin” is clearly yours.

            1925: gold was worth 12 barrels of oil

            1915: 32 barrels

            1905: 33 barrels

            1895: 15 barrels

            1885: 23 barrels

            1875: 15 barrels

            1865: 3 barrels (!!!)

            You’re welcome. Now run along and don’t forget your helmet.

            Apr 01, 2020 01:09 AM

            How about in terms of ‘dollars’..

            https://econweb.ucsd.edu/~jhamilto/oil_history.pdf

    Mar 31, 2020 31:10 PM

    Because it’s a hoax. Right?
    To Bad, So Sad.
    Another blatant failure of the FAA.
    “Like Dogs Watching T.V”

    Mar 31, 2020 31:51 PM

    John,
    You know ..so much.., that’s not so..
    (unbelievable)

      Mar 31, 2020 31:01 PM

      If you really want to get down to it, the puplic outcry for financial reform was the ball rolling for the establishment of the Fed.
      The 1912 Money Trust hearings are your proof.
      But of course the hearing were rigged from the start.

        Mar 31, 2020 31:22 PM

        The people behind the Fed pretended to be against the reforms that led to the creation of the Fed and it worked. The masses always have lots of demands but never sound solutions.

          Mar 31, 2020 31:26 PM

          Actually the Election played a big part.

      Mar 31, 2020 31:18 PM

      I rest my case.
      When do you know your contagious? The R number is 2.2, why do you think the numbers double.
      Have another glass of Kool-aid.
      Better yet, try using your own brain for a change.

        Mar 31, 2020 31:26 PM

        There’s still no consensus (meaning someone from the government hasn’t made a decision yet) on whether widespread use of facial coverings would make a significant difference, and some infectious disease experts worry that masks could lull people into a false sense of security and make them less disciplined about social distancing, according to a report by The Washington Post.
        Sowing confusion…………WAPO……… 🙂

          Mar 31, 2020 31:27 PM

          John…….did you say you were a christian……..

            Mar 31, 2020 31:31 PM

            I’ll say to you Jerry that I wear a cross and thank the Lord everyday for letting me be here.
            I will say I’m a Believer before I would say that I am a Christain. I think people tend to put you in a box if you let them.

            Mar 31, 2020 31:37 PM

            Semi answer…..LORD LORD……..Believer in what……No one comes to the father except through Jesus Christ……

          Mar 31, 2020 31:27 PM

          You can’t buy a mask Jerry.
          Get a clue.

            Mar 31, 2020 31:35 PM

            Here you go John…..I do not need a provider of anything….including a mask…..
            Learn to think POOH
            https://www.wearethemighty.com/how-to-make-gas-mask

            Mar 31, 2020 31:45 PM

            I’m good with that Jerry. I have accepted Jesus. I wear the cross.
            That’s also why I know that I can debate with you.
            I’m a little crude, I’ll admit, but I have pretty much given up on you tube. A lot has been scrubbed as well as information from the web.
            Some of us had enough foresight to see this coming and down loaded zips.
            I will add that some of the people who downloaded to the net didn’t die of old age.

            Mar 31, 2020 31:50 PM

            No problem John……best thing is knowing Jesus Christ died for us all, some just have not accepted…..And has paid for all the sins……PAST,PRESENT and FUTURE.

            Mar 31, 2020 31:55 PM

            “Iron Sharpening Iron”
            Peace my brother from another mother.

            Mar 31, 2020 31:00 PM

            Ditto…….. 🙂

    Mar 31, 2020 31:55 PM

    For the people that tell people about the fed being private. The fed is now Dot Gov! (Used to be dot com)
    As in, ” nationalized “….)😉

      Mar 31, 2020 31:10 PM

      I don’t know why this posted above.
      n March 31, 2020 at 7:08 pm,
      John Kruschke says:
      The Fed has always been Private.
      I can produce a list if you want.
      For a minute there, I thought I got the BOOT from big Al. I can’t say I would blame him.

    Mar 31, 2020 31:24 PM

    Ok Chartster. I’m calling you out once again on your statement”I’ve known who were the shareholder for years comment.”
    Lets see your proof.
    Your Move.

    Mar 31, 2020 31:32 PM

    John,
    I’ve known about the families for years. I’ve been through that here on this blog many moons ago.
    You’re not calling me out on squat. Know that)

    You people that can’t understand that the fed has been nationalized “might need to do some homework..” (just sayin)

    Mar 31, 2020 31:58 PM

    The move was already made, 2Dj.
    C’mon.. (heh heh) oiy..

    Mar 31, 2020 31:04 PM

    Your Move

    Mar 31, 2020 31:06 PM

    No use continuing this any further Chartster.
    Now tell us how we can make some money.

      Mar 31, 2020 31:08 PM

      And I’ve already heard about your new technology that is going to make you wealthy at $20 WTI

        Mar 31, 2020 31:13 PM

        Break even is @ 17.
        40 to 65 would be nice.

    Mar 31, 2020 31:10 PM

    Pay attention/ research/ fall in love with nothing, (fanancial).
    Buy when “You Think” the bottom is in. Listen to everyone (believe no one).

    Mar 31, 2020 31:11 PM

    Try the Top Line
    https://coinmarketcap.com/

      Mar 31, 2020 31:16 PM

      Always pay special attention to the “chart”

    Mar 31, 2020 31:14 PM

    I talking specifics with numbers and time frames.
    Lord knows we have enough “nibblers” around here.

    Mar 31, 2020 31:01 PM

    John 2d,
    It’s very hard to have a trading strategy that performes 5% per week. It’s technical analysis combined with ‘ perfected strategy ‘.
    Not easy.

    Apr 01, 2020 01:11 AM

    I call Bull Sh*t once again.
    Let’s see some of the perfected strategy.
    See the deal Chartster is : After you’ve done this for many years, one knows who has the goods and who doesn’t.
    Unfortunately once again you fall into the latter group.

    Apr 01, 2020 01:20 AM

    See Chartster, if If you are running say $100 it would not be difficult to claim 5% before fees.
    I seriously doubt you are running much more than that. Maybe in your dreams.
    Ask someone to take your floatie off and join us in the deep end of the Pool.
    Bonzo is the lifeguard and Mathew is scheduled next.
    I use to be in the kiddie pool as well, that is how I know you are still there.

    Apr 01, 2020 01:35 AM

    And as long as I’m at it: Try come up with something original. Mr T posts you heard it here first and not surprising you were next.
    You are no Chris Temple.

    BDC
    Apr 01, 2020 01:28 AM

    Will the new “Bretton Woods” be held in Jerusalem?

    Apr 01, 2020 01:32 AM

    Fed………give away……..$29 TRILLION to banks……..and 6 are foreign banks….
    https://wallstreetonparade.com/2020/03/the-dark-secrets-in-the-feds-last-wall-street-bailout-are-getting-a-devious-makeover/
    UNDER THE OBAMA ADMIN.

      Apr 01, 2020 01:41 AM

      With that thought Jerry, I have seen your right to life posts.
      I wonder when the Bible waving Christains of the U S will finally come out and question the on going funding of late stage abortions in a foreign Country?
      Or paying for Lear Jets?

        Apr 01, 2020 01:03 AM

        You can depend, Kennith Copeland, Bennie Hinny, Paula White, Creflo Dollar, Joel Olsen,do not have a clue, …I could name some others……riding in the Lear Jet, which have made a fortune from stupid christians……

          Apr 01, 2020 01:06 AM

          Bill Gate’s mother was Director or Pres. of Planned Parenthood…….

            Apr 01, 2020 01:30 AM

            These are facts Jerry.
            Late stage abortion and Federal Foreign Aid.
            Why would you be surprised or are you claiming ignorance?

            Apr 01, 2020 01:33 AM

            I do not think , I am claiming ignorance on anything…..

            Apr 01, 2020 01:49 AM

            Jerry:
            I have a hard time with Church in general.
            I grow weary of the continual begging for money.
            I just gave the BOOT to a woman who’s brother was a preacher, and the building they used as a Church didn’t even have a cross in it.

            Apr 01, 2020 01:56 AM

            Most churches only teach…..Matthew , Mark, Luke, and John….real problem, since, that is not the christian message , …that was for the Jews….and most do not even know that, because they have been taught at state supported church schools.

          Apr 01, 2020 01:11 AM

          OK Jerry, I’m going to spell it out for you. ISRAEL and the fake JEWS.
          Foreign aid for Late Stage abortions.
          Foreign aid in turn buying U S Evangelical Preacher a lear jet as a thank-you.
          The hypocrisy is palpable.

            Apr 01, 2020 01:14 AM

            That is John Haggie………..
            I have been talking about FAKE JEWS…..for a very long time…..
            Since, you have been missing…..you might have overlooked my post.
            This not new information to me.

            Apr 01, 2020 01:18 AM

            Like I have been pointing out for over 30 yrs…….THE BOOMERS killed 40,000,000 babies…..I have been quoting that number, way before I showed up here.
            Since, I was in the real estate business, I asked the stupid boomers, who they thought was going to buy their house…..They being 75,000,000 strong, and they were so stupid to kill of their future buyers…..

            Apr 01, 2020 01:21 AM

            Jerry:
            I was given the Boot.
            Remember, You were there when I got into it with Shad.
            How about the funding of late stage abortions in Israel?

            Apr 01, 2020 01:24 AM

            Remember…….Our Pres Trumpster, is taking spiritual advice from Paula White….lol

            Apr 01, 2020 01:26 AM

            Jerry:
            Whats your opinion of funding late stage abortions in Israel?

            Apr 01, 2020 01:27 AM

            Nothing would surprise me concerning the FAKE JEWS, and the money making scheme they have going,…..drugs, trafficing (Epstein) children, weapons…..anything goes…

            Apr 01, 2020 01:28 AM

            Not the President, YOU

            Apr 01, 2020 01:29 AM

            Real simple,…..I think …thou shall not kill………Late stage, early stage, middle stage, all the same.

            Apr 01, 2020 01:32 AM

            How about the Federal Foreign Aid supporting this? Why have the Evangelical been so silent on this?

            Apr 01, 2020 01:36 AM

            First of all We should not be giving aid to any country…..each country has it’s own problems……..Aid is just another way the politicians can steal the money out of the cookie jar…….Aid never goes where it claims to be going.

            Apr 01, 2020 01:38 AM

            I mentioned above…..Baby Christians, do not have a clue…..

            Apr 01, 2020 01:41 AM

            First……separation of Church and State………
            Churches…..have been taken over with the 501 3b status.

            Apr 01, 2020 01:41 AM

            Ditto

            Apr 01, 2020 01:42 AM

            John……question…….I listed a few preachers above…….DO YOU follow any of them..?

            Apr 01, 2020 01:44 AM

            Remember President Trump saying he was going to repeal the Johnson amendment.
            Along with he was going to tell us who brought down the Twin Towers.

            Apr 01, 2020 01:48 AM

            Trumpster has a long list , he has not done….
            Again, do you follow any of the preachers listed….?

    Apr 01, 2020 01:33 AM

    That is a great question BDS. One that surely would warrant further discussion. But you know as well as I, we would not even make it to the next sentence before someone would be labeling you or I an Anti………….

      BDC
      Apr 01, 2020 01:08 AM

      What could possibly be wrong with a “Bunting Commission”?

    Apr 01, 2020 01:34 AM

    BDC my bad

      Apr 01, 2020 01:51 AM

      Jerry, I will post here as the thread will not continue.
      On April 1, 2020 at 6:49 am,
      John Kruschke says:
      Jerry:
      I have a hard time with Church in general.
      I grow weary of the continual begging for money.
      I just gave the BOOT to a woman who’s brother was a preacher, and the building they used as a Church didn’t even have a cross in it.
      I don’t follow any of the Preachers you quoted, nor do I intend to.

        Apr 01, 2020 01:06 AM

        Great thanks……I did post above a comment above….concerning the state supported church schools.

    Apr 01, 2020 01:07 AM

    .

      Apr 01, 2020 01:10 AM

      DT, your ghost writer is working……

    Apr 01, 2020 01:49 AM

    Like those close to the leader board in a Golf tournament., D.T would be considered “LURKING” Hoping for the eventual miscue that inevitably seems to come for those who have not the nerves to seal the deal.
    For the record I’m not here to win, but rather try and make some more money so I have more time to play Golf.

      Apr 01, 2020 01:26 AM

      For the record John K, you are an idiot! DT

    Apr 01, 2020 01:29 AM

    At least I didn’t buy into huffing a hairdryer. What does that make you?