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Macro and micro financial issues

ker
June 18, 2011

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In this show Al discusses:

  • Segment 1 – Al and Peter Grandich discuss the responsibility that comes with success.
  • Segment 2 – Al discussing investing with Brent Cook.
  • Segment 3 – Al discusses commodities and stocks with Brien Lundin.
  • Segment 4 – Al and Roger Wiegand discuss international macro-economic issues facing investors.
  • Segment 5 – Al and Roger Wiegand discuss mining in Idaho.
  • Segment 6 – Keith Schaefer convinces Big Al that the energy sector is a great place for him to invest.
  • Segment 7 – Jordan Roy-Byrne explains why he believes the resource stocks are close to a bottom.
  • Segment 8 – John Embry, Chief Investment Strategist for Sprott Asset Management, rounds out this
    week’s program by giving a convincing argument that the emperor is not wearing any clothes.



Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Discussion
33 Comments
    Jun 18, 2011 18:13 AM

    You asked Schafer how the Canadian trusts are doing. He did not answer. The present government discontinued the operations of Canadian trusts. I lost a bundle.
    Don’t be surprised if this cash hungry government does the same thing to the MLP’s.
    Good show today.
    Wonder if Peter ever wonders if Islam might be more of a political doctrine rather than a religion.

    Har
    Jun 18, 2011 18:41 AM

    Canada is a stable country? Unless they lose a stupid hockey game.

      Jun 18, 2011 18:00 AM

      What happened after Wednesday’s game was criminal and the authorities need to forget about being good guys and step on these folks.

      As Pete said, if that were New York there would have been 3000 police out and the folks rioting would have been more than sorry.

      Civil rights are one things and criminal action is entirely another.

      What do you think, Har?

      Big Al

        Har
        Jun 18, 2011 18:44 PM

        We see how stable they are when their housing bubble pops.

          Jun 19, 2011 19:20 AM

          Morning Har,

          Our daughter lives in downtown Vancouver, B.C. She is with us right down and we discussed just how bad the situation was up in Vancouver last Wednesday night. She said it was really bad and really freighting. She apparently walked down Granville Street a day or so after the riot and told us all about the broken windows and the looting.

          Friends of mine also told me last week about the extent of the gang problem in Vancouver. I guess that it is really bad.

          I was not aware of the extent of the problem up there.

          Interesting comment about society isn’t it.

          Big Al

            Jun 19, 2011 19:28 PM

            Morning Al, I live in downtown Vancouver, just 3 or 4 blocks away on West Georgia Street from where the Dept stores got windows smashed etc. Yes, it appeared very bad on tv but looking out my apartment window 3 blocks away, there was no sign of any damage. So, really the trouble was contained to a relatively small area. I think that many teenagers who had been drinking since lunchtime, coupled with a criminal element who used the ocassion as an excuse to cause troble were the main causes. Vancouver is a beautiful city – I’ve lived here 14 years, its generally quiet, peaceful and full of immigrants (I am one myself from Scotland originally) who get on incredibly well, probably better than any other city in North America. There is no racial problems like there is in many US cities. Yes there are some gangs, like there is in every city where there is money. Mostly they are in Surrey, which is a spearate city in the greater Vancouver area.
            I’ve lived in the heart of downtown Vancouver for the 14 years I’ve been here and never once experienced any problems personally. I feel its a safe D/T core to walk in, even at night. Certainly it feels safer than many cities in my native Scotland! A bad event last week for sure, but one which happens only once every 5 or 10 years. I think i can put up with that to live in the best city in the world!

    Jun 18, 2011 18:56 AM

    Thanks Jerry,

    I did not know about the discontinuation. I am learning more about this sector everyday as I am convinced that it is a good place to be in this environment.

    I spoke with one of my brokers yesterday ab out the MLP’s down here. He thought that this was a pretty good place to park a little cash. He mentioned a couple that he had been buying for clients. One is currently paying 7.1% and the other about 6.7%

    What is your opinion about U.S. MP’s?

    Regarding Islam, your comment is certainly food for thought.

    Thanks for your comment about this week’s show. It was a fun one to do.

    Best,

    Big Al

    Jun 18, 2011 18:30 PM

    enjoy your work – thought you might appreciate commentary on your interview with the gata boys: http://wp.me/p1tatz-EB

    keep up the fight!
    nick

      Jun 18, 2011 18:31 PM

      This looks like it was from me. It is actually from a listener by the name of Nick. My comments? Thank you Nick.

      Big Al

    Jun 18, 2011 18:35 PM

    Another comment from a listener:

    I heard your program for the first time this morning. I really enjoyed the interview about the Mexican operations dealing with shale gas. During the interview on gas fracking I gathered that if you believe that oil is a fossil fuel. If you do, how many fossils do you expect to find at a depth of 40,310 feet. I found an interesting new field in South Texas. This is between Crystal City and Catarina, Texas. There are 6000 new wells planned for this area. The product will be oil from shale.

    Your comments please.

    Walter T. McKay Jr.

      Jun 18, 2011 18:36 PM

      Hi Walter,

      We will discuss this in an upcoming Daily Editorial.

      Thanks for the comments,

      Big Al

    Jun 18, 2011 18:37 PM

    Yet another listener’s comment:

    I wrote to you a couple of weeks ago with a couple of questions about gold.
    I noticed in one of your responses on your blog you mentioned the Bible and
    God’s word. I love your shows Al, and that really made me feel good. I’m a Christian and I think if Wall street and Washington had more GOD we would be a lot better off than we are now.

    If everything in this country collapses, who will be around to buy our gold?

    If we sell the gold on down the road, won’t we just be selling it for a worthless dollar? And getting worth less by the day?

    Thanks Al, keep up the good work

    Mark

    Jun 18, 2011 18:42 PM

    Hi Mark,

    Of course your comment about the Bible, Wall Street and Washington is absolutely correct.

    If our country collapses economically I believe that silver rounds and gold coins will always be used for money. Kathy and I do buy and keep silver rounds.

    Best and thanks for the kind words,

    Big Al

    Ken
    Jun 18, 2011 18:57 PM

    Glenn Beck? Yuck! There’s no way I’d pay to see Glenn Beck. He’s a statist. He’s a phoney conservative.

    Now if you could get Ron Paul to keynote these conferences you’d have something.

      Jun 18, 2011 18:47 PM

      Hi Ken,

      You know I completely agree with you. I think that a lot of the “talking heads” are simply movie starts. The one exception, in my mind, is Bill O’Riley. I have read his books and I find little to disagree with.

      The Congressman is a very principled man and I consider it an honor to say that I know him.

      Big Al

    Jun 18, 2011 18:06 PM

    Dear Al:
    I will listen to you and berol on monday regarding the hui-Thanks
    With all due respect big al, and will full appreciation that which disallows you from giving “financial advice”, yesterday Dan’s question regarding Gold bullion held in an IRA is a very good one.
    When rog speaks of some might consider cashing out of IRAs that isn’t advice but rather something to look into. Dan’s question wonders if uncle sam decides to tap into the largest stake of money out ther ie: 401k,IRA,Roth etc, does bullion held in an IRA preclude the govt. from “taking it” and giving one worthless treasuries in its stead??
    I for one am wondering that very same thing. You see its a what if, question, based on law currently on the books. Can you or Rog ki ndly opine on your opinion as whether it makes any difference how one’s ira is structured?? It would be of immense help, as there was twenty something comments the first time rog mentioned the govt, possibly confiscating iras, which your pal Sinclair, first mentioned some years ago
    Thank you as always big Al and enjoy the weekend

      Jun 18, 2011 18:50 PM

      HI Edward,

      You have a great weekend also.

      I will discuss this subject with, among other people, my CPA. Plan on a Daily Editorial on this subject from Rog and I on Tuesday.

      Best,

      Big Al

    Ken
    Jun 18, 2011 18:10 PM

    Making lemonade out of lemons, eh?

    Well, you’re right, Big Al. You’ve got to do the best with what you’ve got.

    After all, you’ve got to play the cards you are dealt in life and make the best of it. What else can you do?

    So yes, making lemonade out of lemons is an appropriate comment.

    But maybe you can take the concept too far.

    Look what they’re making out of you know what in Japan. Fortunately these burgers will not be out in time for 4th of July barbecuing! 🙂

    http://www.youtube.com/watch?v=u1N6QfuIh0g

      Jun 18, 2011 18:00 PM

      I almost threw up.

      That’s it man, veggie burgers for the 4th! (Actually, I can’t stand veggie burgers.) Reminds me of the time one of my vegetarian clients who had just come over to the U.S. ordered a cheeseburger with no meat for lunch. Thought I was going to die laughing!

      Oh well,

      Big Al

        Ken
        Jun 19, 2011 19:54 AM

        I tell ya, Big Al, that’s one natural resource play I want no part of.

        And that’s taking the saying, “A country’s greatest asset is its people” a bit far.

          Jun 19, 2011 19:25 AM

          Oh yeah!

          Big Al

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    […] Click Here to Listen, it is segment 7 […]

    Jun 19, 2011 19:26 AM

    Happy Father’s day Al and everyone one else.

    Thanks for keeping us informed. Keep up the GOOD Fight!

    Lynn

      Jun 19, 2011 19:26 AM

      Many thanks, Lynn,

      Yep, Happy Father’s Day to all.

      Best,

      Big Al

    Jun 19, 2011 19:21 PM

    Hello . AL ./ ROG, & our family of bloggers. Please , go to KING WORLD NEWS “. & listen to “NIGEL FARAGE” its well worth a listen.
    Good health to you all.

    Jun 19, 2011 19:18 PM

    Comment to Alan,

    Hi Alan, thanks for your words re: Vancouver. I have been quite involved in your city for about 30 years and, as you are aware, my youngest daughter lives up there.

    I am going to do a Daily Editorial based on your comments and my experiences up there.

    Al the best,

    Big Al

    Jun 20, 2011 20:50 AM

    Not that I push it but Rog is right.Pitchforks will make an appearance before this is all done.Fear seems to be the thing that is trying to be provoked.How can anyone stop it?Hunger will control mens minds esspeacially the youth of our country whom have little but Give Me what is owed to me as a Criteria.
    God Save Us.no one Else can.

    Jun 21, 2011 21:35 AM

    Hi Stevie,

    Things have gotten to the point, at least in my mind, where I completely agree with you.

    All we can do is try very hard to do what we believe is right for ourselves and hope that this also helps society.

    Perhaps it will come in a way that we currently don’t understand, but God will save us.

    Best,

    Big Al

    Jun 21, 2011 21:40 PM

    Dear Al,
    Commendations to you and Peter Grandich for expressing yourselves so forthrightly. I have neither trust nor sympathy for all the market gurus out there who leave out the ethical and religious aspects of investing. It’s time also to proclaim with both firmness and humility the truth as best one can. And its time also no longer to be intimidated by the twin tyrannies or relativism and political correctness. The next time you hear someone say, “There’s no such thing as absolute truth,” remind them they’ve just made exactly that kind of claim. Keep up the good work, and tell Peter never to lose his New York accent: as an old Bronx boy now living in the desert southwest, I get nostalgic just listening to good Mr. Grandich. Thanks for all you bring to us!