New tariffs on Mexico shocking the markets and moving investors further into safe haven assets
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.
They went after Shipp…took away his pension…what a Shippwreck, so to speak.
Believe it when I see it.
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.
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.
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
https://video.foxnews.com/v/6042504756001/#sp=show-clips
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”.
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.
Please watch this:
https://video.foxnews.com/v/6042504756001/#sp=show-clips
Something must be done now but I am afraid it may already be too late.
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 —
+1 Trump’s adding insult to injury.
The vast majority of Americans will be negatively affected by tariffs.
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.
evertime gold rallies $5 or more the “insiders” start their b.s.
videos of conspiracy, deep state, oh my
The gold / silver ratio is passed 90 now
IMHO this chart is about to roll over. The only time the RSI has been this high after a long rise is early 2016.
…And later 2018.
I still wish someone could explain to me the relevance of this ratio in 2019. . .I’m hopelessly lost.
GDX finished the week up about 8% versus SPY…
https://stockcharts.com/h-sc/ui?s=GDX%3ASPY&p=W&yr=5&mn=0&dy=9&id=p48357936237
Boys, here’s something to chew on…
https://www.barrons.com/articles/jim-grant-negative-interest-rates-51558719657
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.
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=11&dy=0&id=p45173079622&a=638035995
The USD is again rejected by big fork resistance:
https://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=5&mn=2&dy=0&id=p58200779201&a=611309314
It took two years following the 2016 top but GDX became deeply weekly oversold last summer and the move since has been very (bullishly) different than any of the other moves of the last two years.
This was a good week based on the pivots on the following chart and the weekly MACD remains positive (after going positive during the first week of the year)…
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=5&mn=0&dy=9&id=p65895836836
Today’s volume was bullishly large:
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=9&id=p13613681715
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.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=9&id=p45902954385
Boys! The Shipp is hitting the fan!
https://usawatchdog.com/trump-vs-deep-state-in-historic-battle-kevin-shipp/
Deep State may very well start a war or crash the markets per Shipp.