Weekend Show – Sat 17 Sep, 2011

Gold, the situation in both Europe and the U.S. and three publicly traded companies

Click download link to listen on this device: Download Show

In this show Al discusses:

  • Segment 1 – James Turk discusses Europe and Gold.
  • Segment 2 – Rick Ackerman discusses economic issues and gold.
  • Segment 3 – Al on Wall Street Journal Radio’s Butler on Business.
  • Segment 4 – Al and Trader Roger discuss general issues affecting investing.
  • Segment 5 – Al introduces Rye Patch Gold to listeners with the help of company president William C. (Bill) Howald – thank you Laura Stein!
  • Segment 6 – Bahman Yamini, President of Canasil  Resources provides an update to listeners.
  • Segment 7 – Dr. Russell Meyers, President of Corvus Gold provides an update.
  • Segment 8 – Texas radio show host Michael Yorba and Al discuss the possibility of the occurrence of upcoming events and their effects on the financial markets.

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

Al KorelinJames TurkRick AckermanRoger WiegandBill HowaldBahman Yamini
Russell MeyersMichael Yorba
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  1. On September 17, 2011 at 3:56 am,
    James B from Canada says:

    Sorry Mr Turk but bloomberg.com, as of friday sept 16 was predicting that silver could fall to 38,75 an ounce due to blahblahbla- There is more truth on this page than the entire bloomberg.com site.

    Same for kitco.com radio – if you listen to them, including Im sorry to say David Morgan you will be more confused than ever. Mr Morgan may be a very very knowledgable person re: silver, gold, but he knows zilch about marketing himself.

    Mr Turk, Mr Wiegand, Mr Korelin, Mr Stephen Leeb, Mr James Dynes, Bill Murphy, Roger Embry, Eric Sprott are never confusing and do not talk to confuse nor bamboozle. These fellows are solid and noone paid me to say this.

    • On September 17, 2011 at 7:30 am,
      Jerry says:

      I AGREE

    • On September 17, 2011 at 8:48 am,
      Big Al says:

      Good Morning James B,

      Thank you very much for the kind words. My friend, I truly appreciate what you said.

      I am a firm believer in not trying to pull the wool over anyone’s eyes and telling it like it is.

      Regarding James, I must say that he is a real gentleman, in my opinion. Bloomberg may be looking for silver to possibly fall to 38.75, I don’t know. I do firmly believe however that the basic fundamentals will keep precious metals at levels much higher than they are today in the long term.

      Regarding David, we all need to cut him a bit of slack as he is going through some difficult times right now.

      Thanks again,

      Big Al

      • On September 18, 2011 at 5:43 pm,
        James B from Canada says:

        I feel bad he is going though a difficult time right now. I am too in some ways. We all wish him and his family the best.

        But Dave ( Hebrew for “beloved”): rely less on charts, and speak more of these troubling and scary times we are all experiencing and why gold and silver ( and soon copper) are the best way to go

  2. On September 17, 2011 at 6:20 am,
    Ben says:


    Clive Maund is claiming that there is quite possibly going to be a crash in the price of silver. Can you please comment on this. Thanks and God bless.

    • On September 17, 2011 at 8:49 am,
      Big Al says:

      He Ben,

      By the end of the day I will comment in the form of a special Daily Editorial.


      Big Al

  3. On September 17, 2011 at 7:00 am,
    fat ivan says:

    Good Morning Al & Rog

    I normally agree with you, however i think your both missing the boat on the postal system, I am not a poster boy for the postal system either, but it just seems logical to me to cut out foreign aid, support the postal system and keep 200,000 jobs here in America. Just a thought

    happy day

    • On September 17, 2011 at 8:50 am,
      Big Al says:

      Mr. Ivan,

      I completely agree with your idea. Trust me, Big Al believes strongly in helping our own at this point.

      Great comment from you, my friend.

      Big Al

  4. On September 17, 2011 at 7:47 am,
    Jerry says:

    SEG 1,AL,
    great comments from Turk,,,,

    I have a question regarding the other countries that are asking
    Germany to bail them out,,, Have they ever had hyperinflation ,(Weimer Republic)
    style as the german’s in resent history? I do not think so, therefore,the German’s will be jumping ship from the Euro this fall or spring, they do not need the others to be comfortable to live, they have the money and the others are broke, this is the ant and grasshopper story for real..
    great show….

    Submitted with respect.


    • On September 17, 2011 at 8:51 am,
      Big Al says:

      Hi Jerry,

      Yes, it truly is the ant and the grasshopper story for real.


      Big All

  5. On September 17, 2011 at 7:54 am,
    Jerry says:

    SEG.3 Al,
    great comment on the ETFs..

    • On September 17, 2011 at 8:52 am,
      Big Al says:

      Hi Jerry,

      In my mind, it is what it is. I do not like ETF’s and never have.

      Big Al

  6. On September 17, 2011 at 8:32 am,
    Jerry says:

    SEG 8
    We will see how your new guest’s calls, play out next week…and how the tecnicals play out.
    and see if this guy knows what he is talking about,,(I am not saying he doesnt.)
    only saying, if it does, he deserves to join the ranks (in the likes of Roger and your other great market callers).

    • On September 17, 2011 at 8:52 am,
      Big Al says:

      HI again,

      Interestingly enough Grant Williams said the exact same thing a week ago.

      We’ll see,

      Big Al

  7. On September 17, 2011 at 9:46 am,
    matt says:

    Mr. Korelin i have a question with the weakness in mining shares…. My thought with the weakness is that their are so many different avenues to benefit from gold and silver these days that weren’t available back in the 70’s – 80’s…. I have my base physical position in both metals. Having that, i can now play the paper trade. For example, I’m in commodity options…. These options can be unbelievably profitable without all the risk involved with the mining shares…. When the price of gold or silver go up i pick a top and sell…. With those profits i can reinvest, take physical delivery, or take cash off the table. With the mining shares its hard to pick that top and all the naked shorting taking place in that sector is behold belief, blood letting if you will….. Why would i want to take on all that risk when i can lessen risk from different platforms ? I believe traders don’t want all that risk… The political, environmental, nationalization fears, social, inflation costs and economics all plays a huge roll with the mining sector and the the risks involved. These new platforms take out all the research and do diligence of following each company and relying on a group of men and woman to run a tight ship, stay honest and make rational decisions…. I believe this is one theory why people have taken their attention away from the mining sector. Whats your thoughts Al ??? Thanks !!!!!!!

  8. On September 17, 2011 at 9:57 am,
    silverbug (Dave) says:

    Bob Hoye on Howestreet.com made one of his frequent witty comments on his Friday interview questioning why, whenever some rogue trader loses a couple of billion for a big bank, it is always an ‘unauthorized’ trade – but during the credit bubble when everything is on the up and up and they are making massive profits, all the trading is authorized!

    • On September 17, 2011 at 10:55 am,
      Big Al says:

      Hi silverbug(Dave),

      Yep, that is a very interesting observation on your part.


      Big Al

    • On September 17, 2011 at 3:34 pm,
      JC says:

      In his usual inimitable style, Matt Taibbi over at The Rolling Stone has also pointed this out along with a couple of other good observations regarding the industry in general in an article called “Rogue Trader, My **s”

  9. On September 17, 2011 at 9:59 am,
    Big Al says:

    Morning Matt,

    Unfortunately, I am not an expert in the area of what you call the “paper trade”. Roger is much better informed on this issue than I am.

    I will address this issue with him on Monday’s Daily Editorial.

    Sorry I could not be of help immediately, but I will get help from others and give you a much better answer than what I could do alone.

    Have a great weekend,

    Big Al

  10. On September 17, 2011 at 10:14 am,
    Ken says:

    Big Al,

    Regarding your pretty babies in the nursery comment…I hate to tell you but all those babies need their monetary diapers changed! 🙁


    • On September 17, 2011 at 10:56 am,
      Big Al says:

      Hi Ken,

      Of course they do!

      Big Al

      • On September 17, 2011 at 11:23 am,
        Ken says:

        And we will all have hell to pay for it, Big Al.

        And that was quite a prediction by your last guest, Big Al.

        I agree with the direction as far as what he said but I’m leery of people who get that specific time wise. I think it could take longer to unfold.

        But I obviously agree with the direction he sees things headed because I just bought SH and PSQ yesterday (inverse S&P 500 and QQQQ index funds). With my luck that means the market is a screaming buy. 🙂

      • On February 1, 2014 at 7:57 pm,
        Arkadiusz says:

        How could any of this be better stated? It col’undt.

  11. On September 17, 2011 at 11:38 am,
    Big Al says:

    Yep, Ken as you said, “we will all have hell to pay for it”!

    I too am leery of people who get really specific. Mike Yorba seems to be a good guy who is well informed. I personally would have said, because I believe it, that the events in Greece could very well unfold more in the short term rather than in the next few days. I believe that Mike meant just that.

    Anyway, thanks for your comments again,

    Big Al

  12. On September 17, 2011 at 11:41 am,
    Big Al says:






    BIG AL

  13. On September 17, 2011 at 12:38 pm,
    stevie says:

    If silver falls to any where around that I am buying all I can.Bet the farm.Sell my soul.Pawn the kitchen and all the guns to get it done.I can always bancrupt if it is wrong.But,I think silver will go up and I bank on it. as do many I hear.MSM is in cahoots with to many crooks doesnt matter which one gotta real details not oppinions.

  14. On September 17, 2011 at 4:58 pm,
    castanheiro says:

    Hi Big Al and Trader Rog,
    With respect to what James B from Canada wrote regarding you and a number of your guests, I whole-heartedly, 100%, double ditto, completely agree with him You guys do a great job and I appreciate you all for the absence of flim-flam and double speak.
    Best to you

    • On September 17, 2011 at 5:38 pm,
      AlKorelink says:

      Mr C,

      MANY, MANY thanks!

      Big Al

  15. On September 18, 2011 at 12:22 pm,
    Bill says:

    Notice that the major trading houses only out their “rogue traders” when they lose money for the company, until then everyone is on board and full steam ahead!

    But as far as gold being in a bubble, when I pull up a 10year monthly chart and slap a mean regression line across it. gold might look a little ahead of ourselves, but that’s one powerful line going from the lower left to upper right. Also, I look at the equilibrium ratio for gold and oil established back in the 1930s, and that tells me gold has some catching up to do–and to that, oil is entering a seasonally higher tend for those who trade the intermediate trends.

    Whether you can buy gold in the 1700s, 1800s or 1900s, the difference in these numbers won’t rise above the noise level in another year or so. They will be distant memories, just like when the mainstream pundits called gold in a bubble a few months back when it was below $800. I’m done day trading, so I’m not sweating the wiggles in the line, I’m just staying with the trend until the fundamentals change.

  16. On September 18, 2011 at 12:43 pm,
    Bill says:

    Roger, two things to consider about the Post Office.
    1. Roll back salaries and benefits to what the free market can support. That way you don’t have to lay off anyone. My bet is that their Union would rather throw their existing workers out on the street rather than adjust salaries and benefits to keep everyone working. Thus, any government bailout should be contingent upon rolling USPO pay scale back to the 2005 pay tables or whatever table makes them viable..
    2. Require junk mail to pay the true cost of its distribution–better still price it to make a profit.

    As an after thought, the internal combustion engine made the horse and buggy obsolete just as email is diminishing the worth of the USPO. It’s called progress. In the free market, better, faster, cheaper usually wins–unless the government inserts itself to perpetuate a bad business model.

    • On September 18, 2011 at 8:26 pm,
      Big Al says:

      HI, Bill,

      Yep, I could not have said it better myself.

      Just out of curiosity, are you the Bill who lives in Palm Desert? If you are, remember that people who are just slightly older than I am and also not a bit but much better golfers than I am really piss me off!

      All the best,

      Big Al

  17. On September 18, 2011 at 6:09 pm,
    Big Al Martin says:


    • On September 18, 2011 at 8:27 pm,
      Big Al says:

      HI Big Al Martin,

      Many, many thanks,

      Big Al