Chris Temple
Publisher & Editor | The National Investor | Macro-Driven Resource Strategist
"Big Picture macro analysis applied to resource investing; uncanny market timing in precious metals and commodities"
Biography
Chris Temple is the publisher and editor of The National Investor, a financial advisory service he has helmed for over four decades. Known as an original and provocative thinker, Temple has built a reputation for uncanny market accuracy and an ability to distill complex macroeconomic trends into actionable investment guidance. His approach centers on a "Big Picture" methodology that integrates analysis of stocks, metals, interest rates, currencies, and commodities to identify opportunities across multiple sectors.
Temple is a frequent commentator on resource markets, with particular emphasis on precious metals, uranium, natural gas, and critical minerals. He has been a regular contributor to the Korelin Economics Report (KER) and a sought-after guest on financial media across North America. His macro-driven framework has led him to advocate for gold's renewed relevance as a monetary asset—a view he has described as a "game changer" for how investors should approach the precious metals sector.
A distinguishing feature of Temple's work is his talent for uncovering "off-the-radar" companies, particularly in the mining and resource space. He combines top-down macroeconomic analysis with bottom-up stock picking, guiding his members to what he terms "huge winners" across numerous industries. His willingness to take contrarian positions—such as tactically selling precious metals positions when they become overbought while maintaining a long-term bullish thesis—demonstrates a disciplined, valuation-aware approach to resource investing.
Temple is also a frequent speaker at investment conferences and events, including appearances at MoneyShow, where he shares his outlook on equity markets, commodities, and the intersection of geopolitics and natural resources. His ability to help average investors navigate complex market environments has made him a respected voice in the resource investment community.
Videos (2)
Chris Temple– Fiscal/Monetary Policy, Interest Rates, Gold, Silver, Copper, Critical Minerals, & Oil
- Top takeaway The guest argues the U.S. fiscal trajectory is unsustainable, with officially over $40 trillion in acknowledged national debt, and says the math is becoming "ever more troublesome" as bond market vigilantes push long-term Treasury yields higher.
- He is strongly hawkish on the Fed, arguing it should never have cut rates late last year and now needs to raise rates soon to restore inflation credibility, with the next FOMC meeting (he expects around September 16) as the key inflection point; he also says Treasury's recent intervention to hold down long yields has failed and looks desperate.
- On gold, he frames the 14% August rally (with GDX and GDXJ up roughly 40% month-to-date as of the 21st) as possibly overdone near-term but says the secular case is strong; he expects gold to exceed the early 2026 high before Christmas if the Fed does not act, and points to a technical consolidation near $4,100/oz as a reference level.
- On copper, he argues the structural demand thesis is driven by electrification, infrastructure, and power-grid investment rather than AI or EVs, and that mid-tier juniors with real resources and permits (including Gunnison, Abitibi Metals, and Power Metallic) are undervalued relative to the demand outlook he expects, given supply constraints and geopolitical "World War Three" dynamics around critical commodities.
- On energy, he argues crude has been artificially held down by what he calls misleading signals from Treasury Secretary Bessent and the president, and expects oil above $100 before year-end given the Strait of Hormuz remains effectively closed, the U.S. is shifting to economic warfare against Iran, and diesel crack spreads are at a record $102/barrel — all of which he says will feed back into inflation and complicate the Fed's job.
Gold and silver are starting to ignore rising rates and the Iran war, instead tracking sovereign debt loads and stagflation risk. Chris flags near-term risk of overbought metals, noting a Fed rate hike at the September 16 meeting could trigger a pullback. Copper demand is mostly infrastructure, real estate, and developing-world electrification — AI and EVs account for just 4%. Chris prefers advanced copper explorers over majors, naming Gunnison Copper, Abitibi Metals, and Power Metallic Mines as undervalued. Crude prices are subdued by Chinese stockpiles, but record diesel crack spreads near all-time highs are already feeding inflation.
Chris Temple–Macroeconomic Movers, Outlook On US Equity Markets, Precious Metals & Critical Minerals
Chris Temple warns of a medium-term US equity pullback driven by record sovereign debt, persistent inflation, and excessive money printing, which could initially drag commodity stocks lower. Precious metals are experiencing a corrective phase due to central bank and momentum investor selling, but Temple expects PMs to rebound faster and stronger after a market liquidity event. Critical minerals cannot be painted with a broad brush; Temple favors uranium, fertilizers, magnesium, tungsten, titanium, copper, and zinc over lithium, cobalt, and nickel.
Key Quotes
"Gold has a renewed relevance as a monetary asset, and that's a game changer."
— Investing News Network interview
"You can get information anywhere, but here you get knowledge."
— The National Investor motto
Key Works
Flagship financial advisory publication providing macro-driven analysis and stock recommendations across metals, commodities, and equities for over 40 years.
Regular commentary series covering macroeconomic realities, natural gas, uranium, gold, and related resource stocks.
Specializations
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