A discussion on USD/Euro moves and a couple story stocks to watch

June 4, 2020

Chris Temple joins me today for a discussion on the moves in the Euro (higher) and US Dollar (lower). Both are approaching key levels that if broken would require investors to change their outlooks.

Chris also shares some of the story stocks he is investing in. Even in confusing markets if you can find a good story stock the returns can be high and save some your portfolio.

Click here to visit Chris’s site and learn more about the companies he is following and his general market outlook.

    Jun 04, 2020 04:41 PM

    Everybody ought to do themselves a favor/ and listen to Michael Oliver: /

      Jun 05, 2020 05:22 AM

      Thanks for posting SilverDollar. I can never get enough of Michael Oliver’s commentary and he did not disappoint.

    Jun 05, 2020 05:17 AM

    Don’t let the title of this #VIDEO interview fool you. Most of the discussion from Raoul Pal is about Macro Economics, the importance of Cash, why he feels the Dollar may go up, why he believes in Gold, and yes, why he believes in Bitcoin.

    Raoul is a sharp dude, after listening to the whole thing, I’d say it is a very solid macro overview of the world economy, past cycles, and what to expect moving forward and worth the investment of 40 minutes (or less if you adjust the playback speed).

    Raoul’s liquid assets (not counting businesses and real estate) are invested as follows:

    1/4 Cash
    1/4 Gold
    1/4 Bitcoin
    1/4 Tradable Equities

    Like a boss!

    Raoul Pal: Bitcoin To 1 Million | Global Markets Insolvent

    Cambridge House International – June 2, 2020

    Jun 05, 2020 05:42 AM

    Phony job numbers, plus false narrative issued to break golden cross and pump artificial general stock market. Same old approach to break technicals and kick the can down the road “only” for political insiders.

      Jun 05, 2020 05:58 AM

      They then follow with a POTUS Press Conf in an hour. Appears orchestrated interference in free markets again, distorting technicals and undermining fundamentals.

    Jun 05, 2020 05:59 AM

    Hard to believe the JOB NUMBERS…….since, they come from the govt…..

      Jun 05, 2020 05:17 AM

      Despite everything being much worse in the economy than even 2007-2008 and the Great Depression…Reality continues to be distorted and the wealth transfer to the few is not interrupted. There is no one in the Federal Government willing to reverse the false narrative.

        Jun 05, 2020 05:33 AM

        You are correct………THEY(in the Govt)….are making a fortune……..
        Just as I pointed out yesterday….With the the Treasury…….
        Insiders are looting and screwing everyone…….

      Jun 05, 2020 05:18 AM

      Job numbers are “The Big Lie”, ROSEBUD! DT

    Jun 05, 2020 05:31 AM

    System enjoys exploiting the population…With outrage it claims they are helping if challenged…This is the endemic corruption that must be defeated…But the foot soldiers in the chemo scam play along for a salary…So in effect all Americans become corrupted by the corrupt system…what is the remedy for all of this?

    Jun 05, 2020 05:19 AM

    Trump’s liabilities are disastrously real. Oppose him and you will be fired. Beyond the limited scope of his political experience he is unbelievably ill informed. His mind seems vague and fuzzy. He has the inability to discover for himself the essential facts of a problem and he will not accept advise from people whose wits are sharper than his. This is not good for any country let alone America. DT

      Jun 05, 2020 05:29 AM

      If the”checks and balances” built into the system are given lip service by the other branches of government, the situation puts the democracy or republic at risk.
      I had a friend that work in the Administrative Offices of the President during the Nixon Presidency. Before Watergate, he mentioned that Nixon was growing aloof and more paranoid. Their office had to go through Erlichman and Halderman and could not get a direct audience with Nixon.
      Yesterday I saw the barricades and fencing go up around the White House which triggered this memory. Nixon was known to have narcissism and paranoia also.

      Jun 05, 2020 05:30 AM

      Trump is at home in the seamy world of big city construction (NYC) where corruption, cronyism, and back room deals are the flavor of the day. Not conducive to understanding human needs where empathy and understanding must prevail. DT

      Jun 05, 2020 05:03 AM

      Sadly true, DT — I’ve quipped that listening to his level of discourse is like listening to Archie Bunker, Barney Hefner and the boys venting their spleens at Kelsey’s bar.

        Jun 05, 2020 05:18 AM

        Chris, Barney says to Archie, “I can’t make a damn thing out of this Floyd problem, I listen to one side and they seem just as right as the other side.” DT

        Jun 05, 2020 05:15 AM

        Drum riff and ka-ching…:)

    Jun 05, 2020 05:58 AM

    Food for thought: DeGrey Mining(DGMLF) up 21.37 at the moment. Pilbara stock.

      Jun 05, 2020 05:13 AM

      De Grey: new drill results with implied expanded resources. Australia doesn’t care anout US bogus employment numbers.

        Jun 05, 2020 05:37 AM

        I just watched a video of a family being told their child has cancer. Hearing Mr T’s story yesterday reminds me of what is really important in this world.
        As they say “This to shall Pass.”

          Jun 05, 2020 05:58 AM

          Absolutely, John

    Jun 05, 2020 05:35 AM

    Melkior also up about 9% when stuff is red. Just info.

    Jun 05, 2020 05:48 AM

    Wow these job numbers are almost as fake as the market itself. With the Dow and S&P having almost recouped all their losses from the panic sell in March to go with an economy that somehow reversed general job expectation numbers by over 10 million, maybe the status quo can resume? Can kicking anyone?

    I get that gold sold off as these bogus numbers indicate calmer waters ahead but isnt silver suppose to rise in times of perceived economic strength due to its industrial ties??? Ohh wait thats right silver falls when the economy is strong due to its safe haven demand and falls when the economy is weak due to its industrial demand. Ohh well, one day it will rise again above $22.

      Jun 05, 2020 05:00 AM

      Oz……… would think that silver , would indeed go up, because of a stronger economy…..IT IS ALL A JOKE……..
      US DEBT $25.3 TRILLION…….To the Moon ………

        Jun 05, 2020 05:03 AM

        Sorry…..Make that $25.8 Trillion…..

            Jun 05, 2020 05:11 AM

            President Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.

            Jun 05, 2020 05:27 AM

            By Dave Kranzler
            Investment Research Dynamics, Denver
            Friday, June 5, 2020

            Today’s employment report is a complete fraud. But as long as the market and its army of mainstream storytellers focus just on the headline number, unicorns do exist. But the Devil is in the details:

            There was also a large number of workers who were classified as employed but absent from work. As was the case in March and April, household survey interviewers were instructed to classify employed persons absent from work due to coronavirus-related business closures as unemployed on temporary layoff. However, it is apparent that not all such workers were so classified.

            Jun 05, 2020 05:29 AM

            The Bureau of Labor Statistics and the Census Bureau are investigating why this misclassification error continues to occur and are taking additional steps to address the issue.
            If the workers who were recorded as employed but absent from work due to “other reasons” (over and above the number absent for other reasons in a typical May) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported (on a not-seasonally-adjusted basis). However, according to usual practice, the data from the household survey are accepted as recorded. To maintain data integrity, no ad-hoc actions are taken to reclassify survey responses.

    Jun 05, 2020 05:43 AM

    Many forget that BLS stand for Bureau of Lying Statistics

    Jun 05, 2020 05:49 AM

    David, When the job of being a leader is too difficult the best place not to go is the bedroom in your underground bunker. Mind you I can’t understand why anyone especially someone Trump’s or Biden’s age would want to be confronted with all those problems. They should have an age restriction on being a President. Imagine running a country from your hospital bed after having a stroke. This has already happened with Woodrow Wilson. DT

    Jun 05, 2020 05:49 AM

    Makes you wonder who picks the candidates. I have felt for many elections I have had no choice. I have written in people several times, but that only makes me feel good. Seems Biden went from running 3rd or more to front runner over night. And…how did Trump move to the top of 17 candidates or whatever there were without ever offering anything of substance. It has gotten down to whoever gets elected, how many Wall Street people are going to fill regulatory appointed positions. I know we stand a chance when there are zero.

    Jun 05, 2020 05:43 AM

    Saw the article concerning Golden Valley Mines and swapped some Ely profits to purchase it for a second time. Now waiting for the farce if the employment #s to wear off to move ahead again. Why do we pay politicians?