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

September 17, 2011

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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

    Sep 17, 2011 17:56 AM

    Sorry Mr Turk but, 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 site.

    Same for 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.

      Sep 17, 2011 17:30 AM

      I AGREE

      Sep 17, 2011 17:48 AM

      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

        Sep 18, 2011 18:43 PM

        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

    Sep 17, 2011 17:20 AM


    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.

      Sep 17, 2011 17:49 AM

      He Ben,

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


      Big Al

    Sep 17, 2011 17:00 AM

    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

      Sep 17, 2011 17:50 AM

      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

    Sep 17, 2011 17:47 AM

    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.


      Sep 17, 2011 17:51 AM

      Hi Jerry,

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


      Big All

    Sep 17, 2011 17:54 AM

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

      Sep 17, 2011 17:52 AM

      Hi Jerry,

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

      Big Al

    Sep 17, 2011 17:32 AM

    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).

      Sep 17, 2011 17:52 AM

      HI again,

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

      We’ll see,

      Big Al

    Sep 17, 2011 17:46 AM

    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 !!!!!!!

    Sep 17, 2011 17:57 AM

    Bob Hoye on 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!

      Sep 17, 2011 17:55 AM

      Hi silverbug(Dave),

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


      Big Al

      Sep 17, 2011 17:34 PM

      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”

    Sep 17, 2011 17:59 AM

    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

    Sep 17, 2011 17:14 AM

    Big Al,

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


      Sep 17, 2011 17:56 AM

      Hi Ken,

      Of course they do!

      Big Al

        Sep 17, 2011 17:23 AM

        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. 🙂

        Feb 01, 2014 01:57 PM

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

    Sep 17, 2011 17:38 AM

    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

    Sep 17, 2011 17:41 AM






    BIG AL

    Sep 17, 2011 17:38 PM

    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.

    Sep 17, 2011 17:58 PM

    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

      Sep 17, 2011 17:38 PM

      Mr C,

      MANY, MANY thanks!

      Big Al

    Sep 18, 2011 18:22 PM

    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.

    Sep 18, 2011 18:43 PM

    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.

      Sep 18, 2011 18:26 PM

      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

    Sep 18, 2011 18:09 PM


      Sep 18, 2011 18:27 PM

      HI Big Al Martin,

      Many, many thanks,

      Big Al

    […] discussed the economy and offered his views on the gold market. The full eight-segment show may be heard here. Cancel […]