Chris Temple from The National Investor – Mon 15 Jun, 2020

What to think when risk on and risk off assets all move in the same direction

It’s an interesting start to the week with pretty much every sector opening down and being bought back in the first few hours of trading. Chris Temple joins me to share what he is watching. We discuss the significance of gold and gold stocks trading in unison with the US markets.

Click here to visit Chris’s site – The National Investor.

View related posts on: , , ,

  1. On June 15, 2020 at 9:52 am,
    OOTB Jerry says:
    • On June 15, 2020 at 11:15 am,
      OOTB Jerry says:
      • On June 15, 2020 at 11:17 am,
        OOTB Jerry says:

        History shows time and time again that such overreach ends in rejection of the current order, usually via violent revolution.

        • On June 15, 2020 at 11:18 am,
          OOTB Jerry says:

          From the article……..
          Gold is easier to carry……..than a ton of silver…… 🙂

  2. On June 15, 2020 at 9:54 am,
    OOTB Jerry says:

    Banks …..are not required to have any reserves……game changer….

  3. On June 15, 2020 at 9:57 am,
    OOTB Jerry says:

    Gold is not going anywhere but UP…….long term….JMO

  4. On June 15, 2020 at 10:05 am,
    OOTB Jerry says:
    The top primary silver mining companies’ average yield fell from 13 oz/t in 2005 to 6.0 oz/t last year. That’s a 54% decline in average yield from the top primary silver mining industry. This means these silver mining companies have to extract, transport, and process more than twice the amount of ore than they did in 2005 to produce the same amount of metal.

    • On June 15, 2020 at 10:06 am,
      OOTB Jerry says:

      Rethink……..the New Green Deal…… 🙂

  5. On June 15, 2020 at 10:36 am,
    Glenfidish says:

    Good points jerry!

    Mr temple always enjoy your talk thanks…

    Bill I sent you this during the weekend?

    Hi bill,
    Allow me to give my two cents as I believe Matt has been quite busy! Hopefully her returns soon as his charts are some of the best I have seen..
    First and foremost I hope you are doing well. You disappeared for quite sometime and mentioned you went bear with an etf of some kind at the precise moment gold was taking off. I’m hoping you did not get stuck in that trade. No joke intended. I think jerry asked you about it but you never replied. I do like your take on things and appreciate your thoughts as well.
    For me I’ve been on record as saying over and over again, I’m not worried one bit. The wall of worry needs to knock 90% out it it would be way to easy to make money. This would be imo the worse time to get out of miners. I think In short order as Matt has been saying, we will have a summer of up as appose to what many including in hear and on podcast day we are going down. So I’m short up and quite possibly down later in the year. That down you speak off could be significant but it would only establish a powerful buying opportunity once again. Those kind you don’t get often. $1800 will be broken sooner rather then later. I firmly believe $1920 will be broken 2021 and on to new highs!
    Hope this helps.

    • On June 15, 2020 at 10:54 am,
      OOTB Jerry says:

      Thank you Glenfidish……appreciate

    • On June 15, 2020 at 11:14 am,
      Bill says:

      Thanks so much Glenfidish. I don’t have alot of read time thee days.. I shut my bear trade pretty quick and still have all my longs. I agree its safer to be in and long. Timimg looks like it would be v difficult. In this market. Seasonality may be out the door due to global instability and Corona. All the best to you and thx again. Got to run!

      • On June 16, 2020 at 4:09 am,
        Glenfidish says:

        Anytime! Safe trading

  6. On June 15, 2020 at 10:37 am,
    Glenfidish says:

    As jerry is saying gold is going up! Would not be shocked to see new breakout soon this week or next.

  7. On June 15, 2020 at 12:13 pm,
    David says:

    Strange day but not complaining.

    • On June 15, 2020 at 12:35 pm,
      David says:

      Beat down close…now I am thinking about complaining.

  8. On June 15, 2020 at 1:08 pm,
    Bill says:

    “Finally, someone who is honest, clear thinking, and understands the importance of the truth being heard.
    The more who hear and understand this, the better.
    Just a few facts well presented by Officer Tatum that fly in the face of the B.S. being constantly pumped out by the Democrats and a self-serving Corrupt Media!”

    • On June 15, 2020 at 1:45 pm,
      irishtony says:

      Hi Bill…That was a great link you just posted. Everyone should listen to this Man speaking , with logic & common sense…….Al should post this on his site.

      • On June 15, 2020 at 3:03 pm,
        Bill says:

        Hi irishtony
        All the crap flying around is a smoke screen and can’t believe how many stupid peeps fall into these dogmas..YES ALL LIVE MATTER OMG. cheers

        • On June 15, 2020 at 3:06 pm,
          Bill says:

          LIVES LOL

  9. On June 15, 2020 at 1:21 pm,
    cfs says:

    U.S. Airforce F-15 from Lakenheath crashes in North Sea.

    He should be within 2 hours of a lifeboat and less than an hour helicopter air, sea rescue.If he survived the crash he should be rescued, but wishes of good luck.

  10. On June 15, 2020 at 1:25 pm,
    cfs says:

    P.S. Although the sea is not warm there are less than 4 hours of darkness at this time of year.

    • On June 15, 2020 at 2:40 pm,
      Canuck says:

      Thank you very much for your tip mr. T so far up over $500 on omm from another interview you did

  11. On June 15, 2020 at 1:32 pm,
    cfs says:

    Sadly, the pilot did not survive the crash. RIP.

    • On June 15, 2020 at 3:23 pm,
      Bill says:

      RIP ..But his live doesn’t mater says BLM a holes

  12. On June 15, 2020 at 4:16 pm,
    cfs says:

    UC Berkeley History Professor’s Open Letter Against BLM, Police Brutality and Cultural…
    UC Berkeley History Professor’s Open Letter Against BLM, Police Brutality and Cultural Orthodoxy
    By Tracy Beanz -June 12, 2020
    Image: PBS
    Note from Editor: I was sent this and felt the need to share it to a wider audience on Twitter. I shared a link to the original post in the tweet. Then, the post was removed, and I made the decision that this is an important perspective not given an equal share in the marketplace of ideas. It is for this reason that UncoverDC now publishes it, not only because it is newsworthy, but because it is a critical piece of history. Wilfred Reily, mentioned in the letter alongside Thomas Sowell,
    Thread: I was sent this and felt the need to thread it here on Twitter. It will be long. It is purported to be an anonymous, open letter from a professor at UK Berkeley in the History Department. The only comment I will make is to say it is worth every moment of the read.

    Dear profs X, Y, Z,

    I am one of your colleagues at the University of California, Berkeley. I have met you both personally but do not know you closely, and am contacting you anonymously, with apologies. I am worried that writing this email publicly might lead to me losing my job, and likely all future jobs in my field.

    In your recent departmental emails you mentioned our pledge to diversity, but I am increasingly alarmed by the absence of diversity of opinion on the topic of the recent protests and our community response to them. In the extended links and resources you provided, I could not find a single instance of substantial counter-argument or alternative narrative to explain the under-representation of black individuals in academia or their over-representation in the criminal justice system. The explanation provided in your documentation, to the near exclusion of all others, is univariate: the problems of the black community are caused by whites, or, when whites are not physically present, by the infiltration of white supremacy and white systemic racism into American brains, souls, and institutions.

    Many cogent objections to this thesis have been raised by sober voices, including from within the black community itself, such as Thomas Sowell and Wilfred Reilly. These people are not racists or ‘Uncle Toms’. They are intelligent scholars who reject a narrative that strips black people of agency and systematically externalizes the problems of the black community onto outsiders. Their view is entirely absent from the departmental and UCB-wide communiques.

    The claim that the difficulties that the black community faces are entirely causally explained by exogenous factors in the form of white systemic racism, white supremacy, and other forms of white discrimination remains a problematic hypothesis that should be vigorously challenged by historians. Instead, it is being treated as an axiomatic and actionable truth without serious consideration of its profound flaws, or its worrying implication of total black impotence. This hypothesis is transforming our institution and our culture, without any space for dissent outside of a tightly policed, narrow discourse.

    A counter-narrative exists. If you have time, please consider examining some of the documents I attach at the end of this email. Overwhelmingly, the reasoning provided by BLM and allies is either primarily anecdotal (as in the case with the bulk of Ta-Nehisi Coates’ undeniably moving article) or it is transparently motivated. As an example of the latter problem, consider the proportion of black incarcerated Americans. This proportion is often used to characterize the criminal justice system as anti-black. However, if we use the precise same methodology, we would have to conclude that the criminal justice system is even more anti-male than it is anti-black.

    Would we characterize criminal justice as a systemically misandrist conspiracy against innocent American men? I hope you see that this type of reasoning is flawed, and requires a significant suspension of our rational faculties. Black people are not incarcerated at higher rates than their involvement in violent crime would predict. This fact has been demonstrated multiple times across multiple jurisdictions in multiple countries. And yet, I see my department uncritically reproducing a narrative that diminishes black agency in favor of a white-centric explanation that appeals to the department’s apparent desire to shoulder the ‘white man’s burden’ and to promote a narrative of white guilt.

    If we claim that the criminal justice system is white-supremacist, why is it that Asian Americans, Indian Americans, and Nigerian Americans are incarcerated at vastly lower rates than white Americans? This is a funny sort of white supremacy. Even Jewish Americans are incarcerated less than gentile whites. I think it’s fair to say that your average white supremacist disapproves of Jews. And yet, these alleged white supremacists incarcerate gentiles at vastly higher rates than Jews.

    None of this is addressed in your literature. None of this is explained, beyond hand-waving and ad hominems. “Those are racist dogwhistles”. “The model minority myth is white supremacist”. “Only fascists talk about black-on-black crime”, ad nauseam. These types of statements do not amount to counterarguments: they are simply arbitrary offensive classifications, intended to silence and oppress discourse. Any serious historian will recognize these for the silencing orthodoxy tactics they are, common to suppressive regimes, doctrines, and religions throughout time and space. They are intended to crush real diversity and permanently exile the culture of robust criticism from our department.

    Increasingly, we are being called upon to comply and subscribe to BLM’s problematic view of history, and the department is being presented as unified on the matter. In particular, ethnic minorities are being aggressively marshaled into a single position. Any apparent unity is surely a function of the fact that dissent could almost certainly lead to expulsion or cancellation for those of us in a precarious position, which is no small number.

    I personally don’t dare speak out against the BLM narrative, and with this barrage of alleged unity being mass-produced by the administration, tenured professoriat, the UC administration, corporate America, and the media, the punishment for dissent is a clear danger at a time of widespread economic vulnerability. I am certain that if my name were attached to this email, I would lose my job and all future jobs, even though I believe in and can justify every word I type.

    The vast majority of violence visited on the black community is committed by black people. There are virtually no marches for these invisible victims, no public silences, no heartfelt letters from the UC regents, deans, and departmental heads. The message is clear: Black lives only matter when whites take them. Black violence is expected and insoluble, while white violence requires explanation and demands solution.

    Please look into your hearts and see how monstrously bigoted this formulation truly is. No discussion is permitted for non-black victims of black violence, who proportionally outnumber black victims of non-black violence. This is especially bitter in the Bay Area, where Asian victimization by black assailants has reached epidemic proportions, to the point that the SF police chief has advised Asians to stop hanging good-luck charms on their doors, as this attracts the attention of (overwhelmingly black) home invaders. Home invaders like George Floyd.

    For this actual, lived, physically experienced reality of violence in the USA, there are no marches, no tearful emails from departmental heads, no support from McDonald’s and Wal-Mart. For the History department, our silence is not a mere abrogation of our duty to shed light on the truth: it is a rejection of it.

    The claim that black interracial violence is the product of redlining, slavery, and other injustices is a largely historical claim. It is for historians, therefore, to explain why Japanese internment or the massacre of European Jewry hasn’t led to equivalent rates of dysfunction and low SES performance among Japanese and Jewish Americans respectively. Arab Americans have been viciously demonized since 9/11, as have Chinese Americans more recently. However, both groups outperform white Americans on nearly all SES indices – as do Nigerian Americans, who incidentally have black skin. It is for historians to point out and discuss these anomalies. However, no real discussion is possible in the current climate at our department. The explanation is provided to us, disagreement with it is racist, and the job of historians is to further explore additional ways in which the explanation is additionally correct. This is a mockery of the historical profession.

    Most troublingly, our department appears to have been entirely captured by the interests of the Democratic National Convention, and the Democratic Party more broadly. To explain what I mean, consider what happens if you choose to donate to Black Lives Matter, an organization UCB History has explicitly promoted in its recent mailers. All donations to the official BLM website are immediately redirected to ActBlue Charities, an organization primarily concerned with bankrolling election campaigns for Democrat candidates. Donating to BLM today is to indirectly donate to Joe Biden’s 2020 campaign. This is grotesque given the fact that the American cities with the worst rates of black-on-black violence and police-on-black violence are overwhelmingly Democrat-run. Minneapolis itself has been entirely in the hands of Democrats for over five decades; the ‘systemic racism’ there was built by successive Democrat administrations.

    The patronizing and condescending attitudes of Democrat leaders towards the black community, exemplified by nearly every Biden statement on the black race,
    all but guarantee a perpetual state of misery, resentment, poverty, and the attendant grievance politics which are simultaneously annihilating American political discourse and black lives. And yet, donating to BLM is bankrolling the election campaigns of men like Mayor Frey, who saw their cities devolve into violence. This is a grotesque capture of a good-faith movement for necessary police reform, and of our department, by a political party. Even worse, there are virtually no avenues for dissent in academic circles. I refuse to serve the Party, and so should you.

    The total alliance of major corporations involved in human exploitation with BLM should be a warning flag to us, and yet this damning evidence goes unnoticed, purposefully ignored, or perversely celebrated. We are the useful idiots of the wealthiest classes, carrying water for Jeff Bezos and other actual, real, modern-day slavers. Starbucks, an organisation using literal black slaves in its coffee plantation suppliers, is in favor of BLM. Sony, an organisation using cobalt mined by yet more literal black slaves, many of whom are children, is in favor of BLM. And so, apparently, are we. The absence of counter-narrative enables this obscenity. Fiat lux, indeed.

    There also exists a large constituency of what can only be called ‘race hustlers’: hucksters of all colors who benefit from stoking the fires of racial conflict to secure administrative jobs, charity management positions, academic jobs and advancement, or personal political entrepreneurship. Given the direction our history department appears to be taking far from any commitment to truth, we can regard ourselves as a formative training institution for this brand of snake-oil salespeople. Their activities are corrosive, demolishing any hope at harmonious racial coexistence in our nation and colonizing our political and institutional life. Many of their voices are unironically segregationist.

    MLK would likely be called an Uncle Tom if he spoke on our campus today. We are training leaders who intend, explicitly, to destroy one of the only truly successful ethnically diverse societies in modern history. As the PRC, an ethnonationalist and aggressively racially chauvinist national polity with null immigration and no concept of jus solis increasingly presents itself as the global political alternative to the US, I ask you: Is this wise? Are we really doing the right thing?

    As a final point, our university and department has made multiple statements celebrating and eulogizing George Floyd. Floyd was a multiple felon who once held a pregnant black woman at gunpoint. He broke into her home with a gang of men and pointed a gun at her pregnant stomach. He terrorized the women in his community. He sired and abandoned multiple children, playing no part in their support or upbringing, failing one of the most basic tests of decency for a human being. He was a drug-addict and sometime drug-dealer, a swindler who preyed upon his honest and hard-working neighbors. And yet, the regents of UC and the historians of the UCB History department are celebrating this violent criminal, elevating his name to virtual sainthood. A man who hurt women. A man who hurt black women. With the full collaboration of the UCB history department, corporate America, most mainstream media outlets, and some of the wealthiest and most privileged opinion-shaping elites of the USA, he has become a culture hero, buried in a golden casket, his (recognized) family showered with gifts and praise.

    Americans are being socially pressured into kneeling for this violent, abusive misogynist. A generation of black men are being coerced into identifying with George Floyd, the absolute worst specimen of our race and species. I’m ashamed of my department. I would say that I’m ashamed of both of you, but perhaps you agree with me, and are simply afraid, as I am, of the backlash of speaking the truth. It’s hard to know what kneeling means, when you have to kneel to keep your job.

    It shouldn’t affect the strength of my argument above, but for the record, I write as a person of color. My family have been personally victimized by men like Floyd. We are aware of the condescending depredations of the Democrat party against our race. The humiliating assumption that we are too stupid to do STEM, that we need special help and lower requirements to get ahead in life, is richly familiar to us. I sometimes wonder if it wouldn’t be easier to deal with open fascists, who at least would be straightforward in calling me a subhuman, and who are unlikely to share my race.

    The ever-present soft bigotry of low expectations and the permanent claim that the solutions to the plight of my people rest exclusively on the goodwill of whites rather than on our own hard work is psychologically devastating. No other group in America is systematically demoralized in this way by its alleged allies. A whole generation of black children are being taught that only by begging and weeping and screaming will they get handouts from guilt-ridden whites.

    No message will more surely devastate their futures, especially if whites run out of guilt, or indeed if America runs out of whites. If this had been done to Japanese Americans, or Jewish Americans, or Chinese Americans, then Chinatown and Japantown would surely be no different to the roughest parts of Baltimore and East St. Louis today. The History department of UCB is now an integral institutional promulgator of a destructive and denigrating fallacy about the black race.

    I hope you appreciate the frustration behind this message. I do not support BLM. I do not support the Democrat grievance agenda and the Party’s uncontested capture of our department. I do not support the Party co-opting my race, as Biden recently did in his disturbing interview, claiming that voting Democrat and being black are isomorphic.

    I condemn the manner of George Floyd’s death and join you in calling for greater police accountability and police reform. However, I will not pretend that George Floyd was anything other than a violent misogynist, a brutal man who met a predictably brutal end. I also want to protect the practice of history. Cleo is no grovelling handmaiden to politicians and corporations. Like us, she is free.

    • On June 15, 2020 at 9:47 pm,
      buzz says:

      If Joe Biden doesn’t vote to re-elect Donald Trump in the next election, then his son ain’t WHITE

  13. On June 15, 2020 at 4:46 pm,
    Bill says:

    Back onto USD Gold with all the neg news in it needs to break $1800 soon I think or likely ya good move down..Not sure if my link will work..$GOLD&p=D&yr=13&mn=0&dy=0&id=p70292769172&a=456595626&listNum=1

    • On June 16, 2020 at 6:24 am,
      OOTB Jerry says:

      Long term………it is fine……………jmo

      • On June 16, 2020 at 6:26 am,
        OOTB Jerry says:

        Short term……….a lot of things are happening, ….which I agree, ….one would think, it should have already broke $1800…But….?

        • On June 16, 2020 at 6:42 am,
          OOTB Jerry says:

          Gold looks a whole lot better in other currencies……..but, other currencies are catching on, they are just fiat…. 🙂

  14. On June 15, 2020 at 4:57 pm,
    Bill says:

    Silver needs to get moving as well…been in a trading rage for 6 yrs

  15. On June 15, 2020 at 5:02 pm,
    Chartster says:

    This is where stupid begins and brainwashed ends.
    The George Floyd scam.

  16. On June 15, 2020 at 5:23 pm,
    Chartster says:

    I almost feel sorry for these brainwashed souls. Wait until they find out, they’ve all been psyop snowed. Clunked on the head with the truth stick) They will protest like,, like zombies..

  17. On June 15, 2020 at 8:03 pm,
    cfs says:
  18. On June 15, 2020 at 8:05 pm,
    cfs says:
  19. On June 15, 2020 at 8:33 pm,
    David says:

    Anybody notice that the Central Banking System is still stealing the money. Simultaneously, the Dow is up $500+ tonight. Is that because Powell is before Congress this week or our economy is in good shape while not functioning currently. It all appears counter intuitive… again.

    • On June 16, 2020 at 6:08 am,
      OOTB Jerry says:

      David, …..Everyone here has noticed,…..but, the sheeple are out in force…. 🙂

      • On June 16, 2020 at 6:40 am,
        David says:

        Looks like retail sales is another reason to hit gold and pump the general markets with bail out money. Retail sales number is probably as valid as the 10 million error in employment numbers that was never corrected.

        • On June 16, 2020 at 6:45 am,
          OOTB Jerry says:

          Gold will be the last man standing………when the game has ended……
          The stock market , is filled with fake news, and that is for sure…..
          Liars only can lie…..truth has evaded them…..

          • On June 16, 2020 at 6:48 am,
            OOTB Jerry says:

            Wonder, if the stolen merchandise , is consider in the RETAIL sale numbers… 🙂

          • On June 16, 2020 at 6:49 am,
            David says:

            Rant worked. Miners up.

          • On June 16, 2020 at 6:51 am,
            OOTB Jerry says:

            Nothing like a good RANT………… 🙂

          • On June 16, 2020 at 6:52 am,
            David says:

            Stolen property in the retail #s? That is a good question. Do goods need actual sales or just change hands?

          • On June 16, 2020 at 6:56 am,
            OOTB Jerry says:

            We will need to look at the amended report, next month…. LOL 🙂

  20. On June 16, 2020 at 6:05 am,
    David says:

    Retail sales up. Steve Liesman on CNBC says recession may be over. Buy the dip. Sell your first born. Otherwise be cautious. May be more to story including reality.

  21. On June 16, 2020 at 6:53 am,
    cfs says:

    Well done America, you managed to grab mediocrety from the jaws of complacency:

    Wake up! Fire Fauci and loock up all the looters, who are destroying democracy and the economy.

    • On June 16, 2020 at 7:19 am,
      OOTB Jerry says:

      Ha,…………Fire Fauci…….is a little late………FEB 22 was the wake up call, before all this started……..

  22. On June 16, 2020 at 7:01 am,
    cfs says:

    Meanwhile last week in Minneapolis:
    As he monitored the security cameras from his home miles away, Barbarawi watched someone try to rip the big-screen TV off the wall in the waiting room. Then they moved on to his office, destroying $5,000 dental chairs and $1,500 surgical tools. The rioters took their time, he said, before they decided to set the place on fire.

    Barbarawi begged the city to protect his property. But he said he was told the police and fire departments couldn’t reach the building until 6 a.m. By that time, Chicago Lake Family Dental was in ruins.

    “Why didn’t the city help us?” asked Barbarawi, who said it will cost about $1 million to rebuild the business. “They could have stopped this. I feel the city has a responsibility to protect not only the people but the businesses as well.”

    More than 500 shops and restaurants in Minneapolis and St. Paul have reported damage when protests on five nights turned violent over the death of George Floyd at the hands of Minneapolis police. Dozens of properties burned to the ground.

  23. On June 16, 2020 at 8:37 am,
    russell hamilton says:

    Temp market spike up , due to report on covid treadtment . This wont last as new vac and treaatments are many months away for public distribution . REPUBS now realize that supporting Trump will cost them the Senate. Do they have the nerve to Dump trump before the election ?? Market nervous, V shaped recovery seems unlikely , morelike a U shape . Pray for peace, Putin suddenly unpopular in RUSS . More instablity rsh

    • On June 16, 2020 at 2:24 pm,
      OOTB Jerry says:

      Fake market……..fake virus….better do your homework on the vaccine………….

  24. On June 16, 2020 at 9:17 am,
    OOTB Jerry says:

    Russell,……….your forecasts have not been great so far……..we are going to bench you…