Gold’s correction and the markets reaction to Joe Biden’s VP selection
Chris Temple is with us today to share his outlook for gold after the strong correction yesterday. We discuss levels to watch and his strategy for metals stocks.
We also discuss Joe Biden’s Vice President selection, Kamala Harris. More focused on the market reaction than anything else.
Click here to visit Chris’s site and follow along with his newsletter.
Quite impressive performance from the silver stocks
T u l s i G a b bard rips K a m a la Harris’ record on criminal prosecutions
https://youtu.be/Y4fjA0K2EeE
Thanks for the book recommendation this past week end. Looking forward to reading.
Liberty: The God That Failed.
You’re more than welcome, John — will put things in a far different and more serious perspective than most of what you see/read.
Northern Vertex drills 6.1 m of 21.8 g/t Au at Moss
2020-08-12 11:58 ET – News Release
Mr. Ken Berry reports
NORTHERN VERTEX INTERCEPTS HIGH GRADE MINERALIZATION OF 21.8 GPT GOLD & 211.48 GPT SILVER OVER 6.1 METERS, INCLUDING 69.3 GPT (2.02 OZ) GOLD & 716 GPT SILVER OVER 1.5 METERS AT MOSS MINE, ARIZONA
Mountain Boy at metals forum:
Alexco at metals forum
Thanks for posting these. I signed up for the thing & the platform would not let me log in
Impact silver at metals forum:
golden minerals at metals forum:
Kodiak copper at metals forum:
American Pacific Mining:
David Morgan talks to Silver Elephant Mining:
Getting kids back to school:
COULD THIS BE TRUE ?
Ryan McMaken…on Kramala…didn’t even know there was a Radio Rothbard…
https://mises.org/library/kamala-harris-basically-obama-clinton-20-worse
and for years I thought his name was McCracken.
Law and Order continues to crumble:
McCracken on Chicago….murders…
https://mises.org/library/why-chicagos-mayor-blames-her-citys-murders-wisconsin-and-indiana
It’s OOTB’s fault…when he’s in Penesville…
According to Heavyfoot…
LOL………..Lightfoot…….. is a perverted moron………. Romans 1:28…..
The only black market, is Rahm Emanual… connection to gun running, and drugs, and prostitution……Mafia ran govt.
Run all the stats you want…..Blacks just like to pop a cap…..in the Hood….
Indianapolis,….the crimes are black on black…..ever wonder why , white flee the cities…like duh…
If, you get a perverted Mayor……you are going to have a perverted city…..just fact…
A lightweight with an heavy foot…maybe the Chicago pensions blowup on her watch…
Not going back to Chicago for a LLLLLLLLLLLLong time……Gucci is not Gucci anymore
Chevy in the Hood……..
https://www.youtube.com/watch?v=hwBoa-NbNL8
The local Biden Platform….
https://pbs.twimg.com/media/EfKnuN-WoAINkOB?format=jpg&name=medium
(More pablum.)
Are left-wing reporters trying to FAKE out Conservatives ?
But can she balance her budget ?
When will someone arrest this creature ?
https://www.georgesoros.com/2020/08/12/the-great-anticipator/
(Just how much Hezbollah armament was stacked up in Beirut ?
Ammonium Nitrate didn’t go up for no reason.
Bottom Is not in! Don’t let anyone talk you out of it. Which means you will 100% get cheaper bargains for miners. Glen always tells the truth :)…. no hidden agenda
With that being said $1800 is a given. The low is not in at all..
As discussed yesterday, I could see $1800 being solid support, since that is the level 2 months back where Gold really turned up the intensity and went more parabolic; or the prior strong resistance at $1780 now turning into support.
>> Glenfidish, did you look at the chart posted in Sean Brodrick’s editorial today?
That chart has the Fibonacci retracement levels from the move from $1671 to the recent high mapped out perfectly. Let’s just see if some of these support levels hold up first before concluding that $1800 is a given.
38.2% retracement = $1928.23
50% retracement = $1878.50
61.8% retracement = $1828.77
http://www.kereport.com/wp-content/uploads/gold-retracements.png
I think Gary, is a little loose on his number……..$1800 seems a little low…but, anything can happen in this market….FANG CRAZY……POLITICAL NIGHTMARE
Glen, what about silver? I think the bottom is in.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=2&dy=10&id=p30383330951&a=768471626
Despite the new daily chart MACD sell signal, among other things, I think gold has probably also seen its low.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=10&id=p17386348813&a=798585557
What remains to be seen is if the cycle top is really in? Who I’m here thinks the cycle top is in for the intermediate term? The inventor Gary thinks so but what if he is wrong? Yikes
Like some have mentioned this could be a flash hard crash lasting 8-14 days glen has said only to go higher up within the cycle.
……..no one knows shites all guesses but glen remember said roughly second week of August and also said violent and strong. Don’t forget said red candle August with possibly green green to follow. But I changed to red August red September green October!!!!
Glen
Uh Oh…. Red August & September now… then green in October. Looks like you expect lower for longer then Glenfidish. It seem like Chris Vermeulen was of the same opinion that the corrective move in the metals may take months not weeks. Yikes!
All I wanted to see were a few weeks correction here in August, to let things cool off and reset, and then a resumption of the uptrend in the PMs into September, but now everyone is peeing in the punchbowl. 🙁
Dancing in September shall tell the Tayles
Carlson on Harris
Tucker Carlson: There are timeshare sellers more trustworthy than Kamala Harris
Aug 11, 2020 #VIDEO
US budget deficit climbs to record $2.81 trillion
by @canadianpress on 12 Aug 2020,
https://ceo.ca/@canadianpress/us-budget-deficit-climbs-to-record-281-trillion
When you close down an economy and then increase spending for people thrown out of work, I guess that taxes go down and deficits go up…..How could it not be a record?
I guess Uncle Joe is looking forward to handing over on November 4th.
Joe Biden & son are headed to criminal court
Hilly and Billy Clinton are most likely turning over the evidence, On Biden ….So, Missy Hilly, can run for President again…….. After all she still has a lot of weapons and secret informers …..and she sure is not afraid to knock off anyone in her way….
Hey OWL…………Harris was not 1st pick………….
https://www.zerohedge.com/political/kamala-harris-wasnt-bidens-first-choice-axelrod
Looking at a selection of stocks on kitco, there are many more up than down today….
https://www.kitco.com/stocks/