Chris Temple from The National Investor – Wed 12 Aug, 2020

Gold’s correction and the markets reaction to Joe Biden’s VP selection

Chris Temple is with us today to share his outlook for gold after the strong correction yesterday. We discuss levels to watch and his strategy for metals stocks.

We also discuss Joe Biden’s Vice President selection, Kamala Harris. More focused on the market reaction than anything else.

Click here to visit Chris’s site and follow along with his newsletter.

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Comments:
  1. On August 12, 2020 at 10:44 am,
    cfs says:

    Looking at a selection of stocks on kitco, there are many more up than down today….

    https://www.kitco.com/stocks/

    • On August 12, 2020 at 11:35 am,
      Nigel says:

      Quite impressive performance from the silver stocks

  2. On August 12, 2020 at 10:46 am,
    b says:

    T u l s i G a b bard rips K a m a la Harris’ record on criminal prosecutions
    https://youtu.be/Y4fjA0K2EeE

    • On August 12, 2020 at 10:52 am,
      John Kruschke says:

      Thanks for the book recommendation this past week end. Looking forward to reading.
      Liberty: The God That Failed.

      • On August 12, 2020 at 11:41 am,
        Temple says:

        You’re more than welcome, John — will put things in a far different and more serious perspective than most of what you see/read.

  3. On August 12, 2020 at 11:26 am,
    CFS says:

    Northern Vertex drills 6.1 m of 21.8 g/t Au at Moss

    2020-08-12 11:58 ET – News Release

    Mr. Ken Berry reports

    NORTHERN VERTEX INTERCEPTS HIGH GRADE MINERALIZATION OF 21.8 GPT GOLD & 211.48 GPT SILVER OVER 6.1 METERS, INCLUDING 69.3 GPT (2.02 OZ) GOLD & 716 GPT SILVER OVER 1.5 METERS AT MOSS MINE, ARIZONA

  4. On August 12, 2020 at 12:03 pm,
    cfs says:

    Mountain Boy at metals forum:

    https://www.youtube.com/watch?v=sUAdZR999L0

  5. On August 12, 2020 at 12:10 pm,
    cfs says:
    • On August 12, 2020 at 12:55 pm,
      chris says:

      Thanks for posting these. I signed up for the thing & the platform would not let me log in

  6. On August 12, 2020 at 12:12 pm,
    cfs says:

    Impact silver at metals forum:

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

  7. On August 12, 2020 at 12:14 pm,
    cfs says:

    golden minerals at metals forum:

    https://www.youtube.com/watch?v=Swc9Z6PIeWM

  8. On August 12, 2020 at 12:15 pm,
    cfs says:

    Kodiak copper at metals forum:

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

  9. On August 12, 2020 at 12:16 pm,
    cfs says:
  10. On August 12, 2020 at 12:20 pm,
    cfs says:

    Getting kids back to school:

    https://youtu.be/RSg5sEeORPs

  11. On August 12, 2020 at 12:46 pm,
    cfs says:
  12. On August 12, 2020 at 2:25 pm,
    Ebolan says:

    Ryan McMaken…on Kramala…didn’t even know there was a Radio Rothbard…

    https://mises.org/library/kamala-harris-basically-obama-clinton-20-worse

    and for years I thought his name was McCracken.

  13. On August 12, 2020 at 2:45 pm,
    cfs says:
    • On August 12, 2020 at 2:50 pm,
      Ebolan says:
      • On August 12, 2020 at 2:51 pm,
        Ebolan says:

        It’s OOTB’s fault…when he’s in Penesville…

        • On August 12, 2020 at 2:51 pm,
          Ebolan says:

          According to Heavyfoot…

        • On August 12, 2020 at 3:35 pm,
          OOTB Jerry says:

          LOL………..Lightfoot…….. is a perverted moron………. Romans 1:28…..
          The only black market, is Rahm Emanual… connection to gun running, and drugs, and prostitution……Mafia ran govt.
          Run all the stats you want…..Blacks just like to pop a cap…..in the Hood….

          • On August 12, 2020 at 3:37 pm,
            OOTB Jerry says:

            Indianapolis,….the crimes are black on black…..ever wonder why , white flee the cities…like duh…

          • On August 12, 2020 at 3:40 pm,
            OOTB Jerry says:

            If, you get a perverted Mayor……you are going to have a perverted city…..just fact…

          • On August 12, 2020 at 4:20 pm,
            Ebolan says:

            A lightweight with an heavy foot…maybe the Chicago pensions blowup on her watch…

          • On August 12, 2020 at 4:36 pm,
            OOTB Jerry says:

            Not going back to Chicago for a LLLLLLLLLLLLong time……Gucci is not Gucci anymore

          • On August 12, 2020 at 4:39 pm,
            OOTB Jerry says:
  14. On August 12, 2020 at 3:06 pm,
    cfs says:
  15. On August 12, 2020 at 3:13 pm,
    cfs says:

    The local Biden Platform….

    https://pbs.twimg.com/media/EfKnuN-WoAINkOB?format=jpg&name=medium

    (More pablum.)

  16. On August 12, 2020 at 3:39 pm,
    cfs says:
  17. On August 12, 2020 at 3:41 pm,
    cfs says:
  18. On August 12, 2020 at 4:44 pm,
    cfs says:

    When will someone arrest this creature ?

    https://www.georgesoros.com/2020/08/12/the-great-anticipator/

  19. On August 12, 2020 at 4:48 pm,
    cfs says:

    https://www.axios.com/un-peacekeeping-lebanon-security-council-vote-18fff72f-bba0-4029-9cd2-3bb8e11ccc7c.html?utm_medium=social&utm_campaign=organic&utm_content=1100

    (Just how much Hezbollah armament was stacked up in Beirut ?
    Ammonium Nitrate didn’t go up for no reason.

  20. On August 12, 2020 at 5:18 pm,
    Glenfidish says:

    Bottom Is not in! Don’t let anyone talk you out of it. Which means you will 100% get cheaper bargains for miners. Glen always tells the truth :)…. no hidden agenda

    With that being said $1800 is a given. The low is not in at all..

    • On August 12, 2020 at 8:42 pm,
      Excelsior says:

      As discussed yesterday, I could see $1800 being solid support, since that is the level 2 months back where Gold really turned up the intensity and went more parabolic; or the prior strong resistance at $1780 now turning into support.

      >> Glenfidish, did you look at the chart posted in Sean Brodrick’s editorial today?

      That chart has the Fibonacci retracement levels from the move from $1671 to the recent high mapped out perfectly. Let’s just see if some of these support levels hold up first before concluding that $1800 is a given.

      38.2% retracement = $1928.23
      50% retracement = $1878.50
      61.8% retracement = $1828.77

      http://www.kereport.com/wp-content/uploads/gold-retracements.png

      • On August 13, 2020 at 6:00 am,
        OOTB Jerry says:

        I think Gary, is a little loose on his number……..$1800 seems a little low…but, anything can happen in this market….FANG CRAZY……POLITICAL NIGHTMARE

    • On August 12, 2020 at 8:46 pm,
      Matthew says:
    • On August 12, 2020 at 8:53 pm,
      Matthew says:

      Despite the new daily chart MACD sell signal, among other things, I think gold has probably also seen its low.
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=10&id=p17386348813&a=798585557

  21. On August 12, 2020 at 5:21 pm,
    Glenfidish says:

    What remains to be seen is if the cycle top is really in? Who I’m here thinks the cycle top is in for the intermediate term? The inventor Gary thinks so but what if he is wrong? Yikes

    Like some have mentioned this could be a flash hard crash lasting 8-14 days glen has said only to go higher up within the cycle.

    ……..no one knows shites all guesses but glen remember said roughly second week of August and also said violent and strong. Don’t forget said red candle August with possibly green green to follow. But I changed to red August red September green October!!!!

    Glen

    • On August 12, 2020 at 8:35 pm,
      Excelsior says:

      Uh Oh…. Red August & September now… then green in October. Looks like you expect lower for longer then Glenfidish. It seem like Chris Vermeulen was of the same opinion that the corrective move in the metals may take months not weeks. Yikes!

      All I wanted to see were a few weeks correction here in August, to let things cool off and reset, and then a resumption of the uptrend in the PMs into September, but now everyone is peeing in the punchbowl. 🙁

      • On August 12, 2020 at 9:15 pm,
        buzz says:

        Dancing in September shall tell the Tayles

  22. On August 12, 2020 at 8:28 pm,
    CFS says:
    • On August 12, 2020 at 8:44 pm,
      Excelsior says:

      Tucker Carlson: There are timeshare sellers more trustworthy than Kamala Harris
      Aug 11, 2020 #VIDEO

      https://youtu.be/EG2hsFIW2Ds

  23. On August 12, 2020 at 8:32 pm,
    Excelsior says:

    US budget deficit climbs to record $2.81 trillion

    by @canadianpress on 12 Aug 2020,

    https://ceo.ca/@canadianpress/us-budget-deficit-climbs-to-record-281-trillion

  24. On August 12, 2020 at 8:42 pm,
    cfs says:

    When you close down an economy and then increase spending for people thrown out of work, I guess that taxes go down and deficits go up…..How could it not be a record?

  25. On August 12, 2020 at 8:43 pm,
    cfs says:
    • On August 12, 2020 at 9:18 pm,
      Buzz says:

      Joe Biden & son are headed to criminal court

    • On August 13, 2020 at 5:56 am,
      OOTB Jerry says:

      Hilly and Billy Clinton are most likely turning over the evidence, On Biden ….So, Missy Hilly, can run for President again…….. After all she still has a lot of weapons and secret informers …..and she sure is not afraid to knock off anyone in her way….

  26. On August 13, 2020 at 8:42 am,
    OOTB Jerry says:

    Hey OWL…………Harris was not 1st pick………….
    https://www.zerohedge.com/political/kamala-harris-wasnt-bidens-first-choice-axelrod