New tariffs on Mexico shocking the markets and moving investors further into safe haven assets

May 31, 2019

Chris Temple joins me today to address the new tariffs announced last night on Mexico that is throwing the new trade deal between the US, Canada, and Mexico into turmoil. Plus some comment by the Chinese that they will be retaliating to the escalating trade tensions with the US. Market are down with the USD while treasuries and gold are bouncing.

Click here to visit Chris’s site for more market commentary.

    May 31, 2019 31:56 AM

    Boys! The Shipp is hitting the fan!

    Deep State may very well start a war or crash the markets per Shipp.

      May 31, 2019 31:02 AM

      They went after Shipp…took away his pension…what a Shippwreck, so to speak.

      May 31, 2019 31:09 PM

      Believe it when I see it.

        May 31, 2019 31:21 PM

        Dont forget, the president himself can be murdered with thousands/millions of witnesses and nothing will happen.
        Eisenhower had the loyalty of the army, he did nothing.
        A warning, whoop dee do, he did nothing.

        Clintons murder and steal at will, nothing happens, they could bump off Trump, what would happen? A few protests?

        They simply blame Iran or Venezuela,China or Russia the people would believe it hook line and sinker.

        Until something happens, Clinton in jail for example, I will believe its all for show.

        May 31, 2019 31:27 PM

        I’ve said all along that Shillary and Billary will never see the inside of a prison cell and I stand by that. IMO they won’t even have to give back a penny of their ill gotten gains. And I doubt much will happen to the Deep State swamp creatures. At most, maybe a few minor characters get indicted just for show.

    May 31, 2019 31:00 AM

    BOYS! You will NEVER SEE THIS in the Lamestream Media!

    You boys better learn to speak Mexican, Andalle!

    Mexico the real threat to our elections

      May 31, 2019 31:31 PM

      Maybe its just me but I dont see voting being too high on the priority list of things to do for illegal immigrants, only about 60% of americans vote federally as it is.
      Just cant see americans saying “go vote”.

    May 31, 2019 31:31 AM

    I think Trump’s threat of impending tariffs on Mexico are about his only option to put a stop to the out-of- control influx of illegal immigrants thanks to the Democrats who refuse to change the laws that incentivize their coming. At least we have a President who is doing something.

      May 31, 2019 31:55 AM

      Please watch this:

      Something must be done now but I am afraid it may already be too late.

      May 31, 2019 31:07 AM

      They are far from his only option, IMO. What he should have done was what he threatened to do months ago: declare a national emergency and beef up border security BIG time. Instead he lost his nerve and unilaterally surrendered to the Democrat Party on that —

        May 31, 2019 31:42 AM

        +1 Trump’s adding insult to injury.
        The vast majority of Americans will be negatively affected by tariffs.

          May 31, 2019 31:49 AM

          For those who don’t know the basics, tariffs not only increase the price of foreign goods, they also allow domestic producers to charge more money for lower quality goods. Nothing benefits the consumer like competition.

    May 31, 2019 31:35 AM

    evertime gold rallies $5 or more the “insiders” start their b.s.
    videos of conspiracy, deep state, oh my

    May 31, 2019 31:55 AM

    The gold / silver ratio is passed 90 now

      May 31, 2019 31:15 PM

      IMHO this chart is about to roll over. The only time the RSI has been this high after a long rise is early 2016.

      May 31, 2019 31:16 PM

      …And later 2018.

      Jun 01, 2019 01:52 AM

      I still wish someone could explain to me the relevance of this ratio in 2019. . .I’m hopelessly lost.

    May 31, 2019 31:01 PM
    May 31, 2019 31:16 PM
    May 31, 2019 31:53 PM

    GDX broke through 30 month downtrend resistance in January and has since come back to retest it. Whether the sector is starting a big sustainable move up from here or not, the action in recent weeks has not been big-picture bearish or bearishly unusual in any way.

    May 31, 2019 31:58 PM

    Tellingly, gold never did give up its important pivot support on a weekly closing basis and now that the 200 week MA is pointing up, that MA might not be revisited for a very long time. The last time it turned up, gold didn’t touch it for eleven years.