Chris Temple from The National Investor – Thu 20 Aug, 2020

Are there any trend changes for the USD, gold, or US markets?

Chris Temple joins me to share his thoughts on the recent moves in the USD, gold and S&P. All of these markets have seen a reversal over the past couple weeks so we focus on if these reversals will turn into longer term trends.

Click here to visit the National Investor site to find out more about Chris’s newsletter.

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Comments:
  1. On August 20, 2020 at 10:10 am,
    OOTB Jerry says:
  2. On August 20, 2020 at 10:23 am,
    Ron says:

    bought put on IYR 2 days ago.

  3. On August 20, 2020 at 10:28 am,
    Excelsior says:

    Warren Buffett Buys Gold Stocks with Lawrence Lepard

    MiningStockEducation – August 18, 2020 #AudioInterview

    “Gold stock fund manager and Austrian economist Lawrence Lepard provides his commentary on the recent news that Warren Buffett’s Berkshire Hathaway took a 20.9 million share position in Barrick Gold which was valued at $563.5 million at the quarter’s end. He also discusses a possible weakness in the bullish gold thesis and shares his USD outlook. Lawrence also shares how he has been managing his gold stock fund.”

    0:00 Introduction
    1:35 Significance of Buffett’s gold stock purchase?
    3:59 When does the Buffett effect hit gold juniors?
    6:07 Possible weakness in bullish gold thesis?
    10:32 Any other asset classes you are investing in?
    12:06 Outlook for USD
    12:55 Possible hard economic reset with contested stock ownership issues?
    15:28 Are you seeing inflows in your gold stock fund?
    16:25 Fund’s lock-up period and expected exist strategy
    19:39 What type of gold stocks have you bought since mid-March sell-off?

    https://youtu.be/1150AW82xBY

    • On August 20, 2020 at 10:30 am,
      Excelsior says:

      Current Gold and Silver Price Action Characteristic of a Bull Market says Dave Kranzler

      MiningStockEducation – August 17, 2020 #AudioInterview

      0:00 Introduction
      3:03 Silver’s multi-dollar per day price moves
      10:47 Big silver beat-downs then quick pop-ups the norm now?
      12:32 What gold/silver prices are miners factoring in?
      16:49 You trim positions when you saw miners were telegraphing a pullback?
      19:22 Emails from Dave’s MSJ subscribers
      22:34 Shares a few mining stock picks

      https://youtu.be/lW6Zf-dUUMk

      • On August 20, 2020 at 10:37 am,
        Excelsior says:

        Will Rhind: Gold is Moving, Consider This Before Your Next Step

        Investing News Network – Aug 17, 2020 #VIDEO

        Gold may have slipped below US$2,000 per ounce, but it remains above the US$1,900 level, and many market watchers are anticipating further gains.

        With the yellow metal on the move, investors are considering their options, including selling for a profit. Will Rhind, CEO of GraniteShares, said in his opinion gold is a risk management tool and should have a permanent place in investors’ portfolios.

        “If you’re a seller of gold right now, what are you buying? What is the alternative that is potentially more interesting or more relevant than gold?” he asked. “I think that’s why there’s so much interest in gold and people looking to hold onto gold through these times.”

        https://youtu.be/ZgU34xRE6MA

        • On August 20, 2020 at 10:40 am,
          Excelsior says:

          Gold to Gain on Massive Currency Debasement, SkyBridge Says

          by: Ranjeetha Pakiam – August 20 2020

          https://www.bloombergquint.com/markets/gold-will-gain-on-massive-currency-debasement-skybridge-says

          • On August 20, 2020 at 12:29 pm,
            Excelsior says:

            Gold Futures In Red Again, Folding in Wednesday’s After-Hours Slide

            Investing dot com – 14 minutes ago (Aug 20, 2020)

            “Traders said gold needed to post a convincing rebound between overnight Thursday and into Friday’s opening session in Asia to return to the path of recovery.”

            “Targets on the topside that need to be broken if the buyers are to take back more control,” Greg Michalowski, an analyst posting on ForexLive, said, citing a minimum of $1,970 — Monday’s peak before the rally on Tuesday.

            Sunil Kumar Dixit, an independent precious metals chartist, concurred, saying: “Gold needs to hit and hold above $1,970 to return to a position of strength.”

            https://www.investing.com/news/commodities-news/gold-futures-in-red-again-folding-in-wednesdays-afterhours-slide-2272501

  4. On August 20, 2020 at 10:32 am,
    CFS says:

    The fundamentals, however, will dictate that as long as the Fed prints, there is a propensity for the dollar to decline.
    It is only that the dollar index is relatine to a mixture of other currencies and that the central banks of those other countries are also printing madly, that supports the dollar.
    The Fed will NEVER stop printing…..until something totally breaks cinfidence in the dollar.

  5. On August 20, 2020 at 10:33 am,
    OOTB Jerry says:

    https://www.theassay.com/articles/golds-strong-momentum-remains-intact/
    Whilst many pundits talk about the relative strength of the US dollar as being the key determinant of gold prices, the reality is that real interest rates are the primary factor. The real interest rate is the underlying interest rate after taking into account inflation. The graphic below highlights how the gold price has risen to record levels as US yields have turned negative.

    • On August 20, 2020 at 10:38 am,
      OOTB Jerry says:

      Putting this all together, you can be assured that real interest rates are going to move even deeper into negative territory.
      More broadly there are I believe three catalysts for gold
      Firstly, quantitative easing (QE) and the associated expansion of money supply,
      Secondly, fiscal stimulus to support the 2020 crisis is far larger than the stimulus used to address the 2008 GFC.
      Thirdly, the growth of money supply and associated QE is far larger than the growth rate of gold price, and historical relationships suggest that the price of gold should play catch-up with this global growth of money supply.

      • On August 20, 2020 at 10:42 am,
        Excelsior says:

        Agreed OOTB. The low to negative interest rates, and negative real rates once inflation is factored in continues to be the prime mover of gold.

        • On August 20, 2020 at 12:42 pm,
          OOTB Jerry says:

          :)………. gold going higher……

          • On August 20, 2020 at 4:25 pm,
            Glenfidish says:

            I mean jerry well said and once again thanks for brining this to light once again!!!!!

            1000% this is the main reason why gold is going higher. Confidence and real rates at “ artificially suppressed level”… borrow borrow borrow…

            I shit you not when Matt and Jerry and many more have said these miners will be 30x more of not even more in a few years..

          • On August 20, 2020 at 4:47 pm,
            OOTB Jerry says:

            Glen…..glad you like it…………remember KIS…S……keep interest rates slithering….lol

          • On August 20, 2020 at 4:48 pm,
            OOTB Jerry says:

            oops……….keep interest rates slithering south….
            KIS…S….really keep it simple….. 🙂

  6. On August 20, 2020 at 10:33 am,
    Excelsior says:

    Ira Epstein’s Metals Video (8/19/2020)

    #TechnicalAnalysis #Charts #Gold #Silver #Copper #Platinum

    https://youtu.be/5Eii3zdgLn4

  7. On August 20, 2020 at 11:01 am,
    Excelsior says:

    Here a great rant from Goldfinger regarding New Range Gold and it could be applied to many Jr mining stocks right now.
    __________________________________________________________

    @Goldfinger – “I see the natives are getting restless here. I have reached out to the company for an update (although i’m pretty sure that things are still progressing as laid out earlier this month). While we wait, a few important points:”

    ~ $NRG went from $.07 to $.43 in four months, that’s a pretty damn good performance in my estimation. If you bought low and took some off the table you should still be in the green.

    ~ I have bought at prices ranging from $.10 to $.25, putting today’s $.175 right in the middle of my buy range.

    ~ This looks like a nice area on the chart to me:
    http://cdn.ceo.ca/1fjt8q0-NRG.V_Daily_8.20.2020.png

    ~ A really important concept is to BUY RIGHT. Novices love to chase highs and get involved when there’s a lot of activity on channel. I generally like to buy low when others are selling out of despair and complaining. This is classic August action in the juniors….buyers go on vacation and prices drift lower on lighter volume. That’s generally one of the best times of the year to BUY. I have some bids laid out today.

    This is JUNIOR MINING, these tiny market cap stocks regularly trade in wild price ranges. $07 to $.43 back to $.17 is actually pretty standard stuff for this sector.”

    — Goldfinger

  8. On August 20, 2020 at 11:24 am,
    bonzo says:

    Hola amigos!. Now that Apple is worth $2 trillion I am thinking of the AAPL shares I sold back in the 1980’s when they fired Steve Jobs. If I had held on to my Apple it would be worth millions today, but, alas I am Barzini, Lord of the Idiots. However I plan to make millions with my NSRPF, LOMLF, NULGF, IRVRF, WPM, NEM, AEM, RGLD, PAAS,AUG, KL, OR, SAND, SSRM, PSLV, CEF,USAS, WHGOF, ELRRF,AXU, HL,OCANF,SSPXF, CNRIF, etc. After all,
    tomorrow is another day.

    • On August 20, 2020 at 12:11 pm,
      Excelsior says:

      Bonzo Barzini – It sounds like you have a good crack at making millions during this PM bull run.

      May you have a prosperous next few years.

      • On August 20, 2020 at 1:20 pm,
        bonzo says:

        Thanks. Let’s hope NULGF and NSRPF and LOMLF perform as well as AAPL in the next 35 years.

    • On August 20, 2020 at 1:42 pm,
      David says:

      Bonzo: nice!

  9. On August 20, 2020 at 11:25 am,
    Excelsior says:

    (SBB) (SGSVF) Sabina Gold & Silver Reports First Results from High-Grade Corridor Drilling at Umwelt Underground

    20 Aug 2020

    Results include:
    > 15.15 g/t Au* over 19.40 m in drill hole 20GSE571
    > 12.64 g/t Au over 7.70m in drill hole 20GSE572
    > 19.27 g/t Au over 7.00m in drill hole 20GSE573

    https://ceo.ca/@nasdaq/sabina-gold-silver-reports-first-results-from-high-grade

  10. On August 20, 2020 at 11:38 am,
    cfs says:
    • On August 21, 2020 at 7:53 am,
      Rufust445 says:

      Nothing more to say, except what people were saying during the ’70’s crisis: “The Big Apple is rotten to the core.”

  11. On August 20, 2020 at 11:41 am,
    Excelsior says:

    Invest Yukon: Exploration 2020 Series (Part 3)

    –> [this is happening live today in just over 1 hour]

    Thu, Aug 20, 2020 at 3:00 PM Central Time

    Featured Yukon Leaders in Part 3:

    Alexco Resources Corp (TSX: AXU.TO | NYSE: AXU)
    Banyan Gold Corp (TSXV: BYN)
    Victoria Gold Corp (TSX: VGCX)

    https://webinars.6ix.com/6ix/Invest-Yukon-Exploration-2020-Series-Part-3

  12. On August 20, 2020 at 11:49 am,
    Excelsior says:

    (NHK) (MIMZF) Nighthawk Reports Multiple High-Grade Intercepts at Colomac
    20 Aug 2020

    “Hole C20-02 returned 33.25 metres of 3.89 gpt Au, including 9.25 metres of 10.93 gpt Au, and including 5.50 metres of 16.63 gpt Au”

    https://ceo.ca/@accesswire/nighthawk-reports-multiple-high-grade-intercepts-at

  13. On August 20, 2020 at 12:42 pm,
    Tom says:

    long ALT

    • On August 20, 2020 at 4:30 pm,
      Glenfidish says:

      Bonzo,

      We all live and learn and your better off today for that.. your going to make money and there are many wise people in here.

      Personally I was up a ton in 2010 and than lost a ton but today I’m back in the game. We live and learn. What did I learn? To take fucking profits when shit goes up lol.. that’s why glen decided to trade the intermediate cycle aside from my Kong term. I needed a place to funnel my cash and so here Iam and what better group than in here. When I’m in doubt I give a shout out and the boys chime in with there thoughts.. you couldn’t pay for that info!!

      All the best

      • On August 21, 2020 at 12:23 pm,
        OOTB Jerry says:

        Glen……..that is good advice……I also, was up huge…..in 2010…..
        No problem…..better off now than then….so, no grip,

  14. On August 20, 2020 at 5:42 pm,
    Wolfster says:

    Sun Metals seems to be getting some interest….guess some results are in the labs

  15. On August 21, 2020 at 7:46 am,
    David says:

    Aden Sisters believe we have entered a D decline correction.

    • On August 21, 2020 at 8:14 am,
      David says:

      I believe they are using $1940 Gold and $24.50 Silver as support levels, which we are currently above.