Overnight we got news that the US and China are going back to the negotiating table in early October. This is popping US markets over short term resistance levels and hitting the precious metals. Chris Temple joins me to outline what is actually going on with these trade talks. We also discuss if this changes his portfolio strategy and what it would take on the trade front to delay the expected recession.
Chris Vermeulen, Founder of The Technical Traders joins me to take a look at the precious metals market and assess the other markets that need to be noted. We start with the USD and the recent relationship between the two. Next is the action in silver and platinum as they are playing catch up. Finally we look at the US markets and the potential of a breakout higher or breakdown and how each of these would impact the PMs.
Chris Temple, Founder of The National Investor recaps the month of August in terms of the major markets we follow. The USD recent just made another higher high in this over 1 and a half year uptrend, while gold continues to move higher, and even the US markets had a strong wee to close the month. There are a lot of issues around the world which are keeping US assets elevated but not for good long term reasons.
Chris Kimble, Founder of Kimble Charting Solutions, shares 5 charts with us, all posted below. We first revisit a chart shared last interview asking for your thoughts on a trading strategy. We also share another chart and ask for your thoughts on how you would trade it. The final three charts focus on gold and relate the USD chart to possible moves and wrap it up with the S&P chart.
Please email your trading thoughts to Chris at Kimblechartingsolutions@gmail.com and I at Fleck@kereport.com.
With bonds, gold and the USD all rising in the US there is no doubt fear is on the minds of many investors. The question is if this is sustainable for all these markets. Craig Hemke, Founder of TF Metals Report joins me to share his thoughts.
Chris Temple wraps up today with his thoughts on the weakness today in risk on assets. This continues our ongoing discussions today about weakness in the US and the inversion of the yield curve. Investors are worried and rightfully so.
Chris Kimble, Founder of Kimble Charting Solutions shares 5 charts (below) that focus on different currencies and relate to possible moves in gold. There are also some comments on the charts of GDX and GDXJ. A lot of these charts are testing key levels where if a break happens could lead to a further run in the precious metals.
This week was full of news events that drove markets. The Fed started us off on Wednesday with a rate cut but not the promise of future rate cuts. Trump quickly followed with more China tariffs that turned a markets in the opposite direction.
There’s a lot of information in this weekend’s show that considers the markets and politics around the world. Even though the guests I feature this week are both generalists they both have some very interesting comments on the gold market.
I was also at the Sprott conference for most of the week. I will have a few company interviews coming out next week but in this weekends show we do get an update from Great Bear Resources.
Please keep in touch by emailing me at Fleck@kereport.com. I love hearing form all of you and thank you to everyone who stopped to chat the Sprott show!
- Segment 1 and 2 – Rick Bensignor, Founder of Bensignor Investment Strategies shares his thoughts on the US markets and bond market as well as the gold market. Take note of the global factors he discusses.
- Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx takes a close look at the US dollar in light of all the news this week.
- Segment 4 – We get an update from Great Bear Resources President and CEO Chris Taylor. Great Bear released news yesterday which we follow up on to summarize the exploration this year.
Exclusive Company Updates This Week
- Riverside Resources – More information on the land acquired in Ontario
- Goldplay Exploration – More information on the high grade gold intercept at the Faisanes Target
John Rubino, Founder of the Dollar Collapse website joins me to recap the major news events of the week. We start with the Fed statement but more importantly the market reaction. Then Trump’s tweet which swung some of the markets in the opposite direction. A lot to take in but overall central banks are leading us down a single road, let’s see where it all leads us…
Chris Temple, Founder of The National Investor joins me to recap the news events and market reactions. We start with the Fed disappointing the uber doves by not outlining a rate cutting cycle. This move markets and gold lower as the dollar moved to a higher high. This this morning we saw an ISM number that disappointed followed by new Fed nominee Judy Shelton who catered to Trump with her comments on needing to move the US Dollar lower. Both of these are causing market and gold to recover.