Weekend Show – Sat 24 Dec, 2011

Financial issues, Political issues, and, yes even Christmas!

Click download link to listen on this device: Download Show

In this show Al discusses:

  • Segment 1 – Al and James Turk discuss the gold markets.
  • Segment 2 – Al and Marshall Berol opine on the “effective” federal government.
  • Segment 3 – Marshall Berol discusses economic possibilities for the next year.
  • Segment 4 – Al and Bob Moriarty discuss economic challenges.
  • Segment 5 – Al discusses International Tower Hill Mines with Jim Komadina, President and CEO.
  • Segment 6 – Taking a break from finance and politics Al and Peter Grandich discuss Christmas.
  • Segment 7 – Al discusses Timmins Gold with Bruce Bragagnolo, CEO.
  • Segment 8 – Yes, at this point even Trader Rog is optimistic.

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 TurkMarshall BerolBruce BragagnoloPeter GrandichRoger Wiegand
Jim Komadina
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  1. On December 24, 2011 at 2:27 am,
    Chadwick says:

    All the best to you and your family this holiday season, Al Korelin.

    The generosity and magnanimity of the people of Tennessee never ceases to amaze me.

    • On December 24, 2011 at 8:34 am,
      Big Al says:

      Hi Chadwick,

      Regarding the people of Tennessee, I completely agree!

      Big Al

    • On December 24, 2011 at 1:57 pm,
      Ken says:

      Hello Mr. Chadwick.

      Big Al can correct me if I’m wrong but I believe you are mistaken. Big Al and his family are NOT from Tennessee but from Washington.

      • On December 24, 2011 at 2:57 pm,
        Big Al says:

        Hi Ken,

        I believe that he was referring to the music by Charlie Daniels.

        By the way, my son-in-law and daughter are currently in Nashville at our in-laws celebrating Christmas.


        Big Al

    • On December 24, 2011 at 8:27 pm,
      Chadwick says:

      Hi Ken and Big Al!

      I should have said, “The generosity and magnanimity of the people of Tennessee AND WASHINGTON never ceases to amaze me.”

      I hope all of you out there have a wonderful Christmas!

  2. On December 24, 2011 at 2:35 am,
    Chadwick says:

    And I love the studio dogs! 🙂

    • On December 24, 2011 at 8:35 am,
      Big Al says:

      Thanks for this comment also Chadwick. They are a couple of very cool pouches! They have evolved into family members!

      Merry Christmas,

      Big Al

  3. On December 24, 2011 at 5:08 am,
    James B from Canada says:

    All the best to you and your family this holiday season, Al Korelin

    I am worried. I live humbly and nobody knows how it will all end.

    Too much headwind, bearishness on the PMs which is hatred of it by MSM financial pundits and PM dumping by European banks and evil American banksters squashing the PMs.

    I just feel doomed at the moment. I hope we see printing and a lot of it.

    • On December 24, 2011 at 8:37 am,
      Big Al says:

      Same to you James B.

      Please don’t worry and let it ruin your life. It simply is not worth it, my friend.

      What do you gain by feeling doomed? Take action and protect yourself and your loved ones. That is what life, my friend, is all about.


      Big Al

    • On May 8, 2012 at 7:12 pm,
      Hugo says:

      admin hovored:Žiadny ritue1l. Mysledm si, že je na prvfd pohľad jasne9, o čo sa jedne1, tak preto som nevysvetľoval nič podorbne. Vo viacerfdch šte1toch Afriky majfa akfatny nedostatok vody a nie to ešte nejake9 vane, či sprchy. Len som chcel, aby ste si touto fotkou dňa predstavili, ako to tam asi vypade1.

  4. On December 24, 2011 at 5:41 am,
    Big Al Martin says:

    Awesome show but Moriati needs a reality check. Merry Christmas to all.

  5. On December 24, 2011 at 5:42 am,
    Big Al Martin says:

    CORRECTION: I meant Marschall needs a reality check, Moriati is right on que.

    • On December 24, 2011 at 8:38 am,
      Big Al says:

      I don’t know Big Al M. There is probably some truth in both arguments.

      I personally listen to everyone; make up my own mind; and, then do the best that I can.

      Merry Christmas,

      Big Al

    • On May 8, 2012 at 8:29 pm,
      Leonardo says:

      Bully Ray: I give my extra chicken bones to the heelomss people, I give my extra dollar bills to strippers, hell I even give my extra whiskey to my little kiddy tat pumpkin.Roode: You’re a good man. LMAO. Season’s beatings, I mean, greetings everyone.

  6. On December 24, 2011 at 7:47 am,
    Lynn - (male) says:

    Regarding segment 4 with Bob M. –> http://youtu.be/qymIXlcO3JY <–

    Listening to segment 6, Merry Christmas to all.

    • On December 24, 2011 at 8:42 am,
      Lynn - (male) says:
      • On December 24, 2011 at 2:59 pm,
        Big Al says:

        Hi again Lynn,

        They were both great videos. Thank you again,

        Big Al

    • On December 24, 2011 at 10:11 am,
      Big Al says:

      Thanks Lynn,

      That was a very interesting video.

      Big Al

  7. On December 24, 2011 at 8:14 am,
    shawn says:

    In The Great Depression of the 1930’s at least The US was a creditor nation, they were still under the umbrella of a gold standard and they didn’t have to face the Asian manufacturing machine, instead of having a “CRASH” we will be facing “AN IMPLOSION”.

    • On December 24, 2011 at 8:41 am,
      Big Al says:

      Morning Shawn,

      In this crazy world, that is certainly a possibility.

      Please listen to my Daily Editorial which will be up in about two hours.

      God bless,

      Big Al

    • On February 22, 2012 at 12:16 pm,
      Mariam says:

      get rich -Have a look at your sabider, get rid of the clutter and keep things to a minimal.I didn’t mention BlogRush specifically, but you get the idea

      • On March 23, 2012 at 7:53 pm,
        Fumie says:

        sempre pi interessante, simpraeo che continuino a lavorarci sopra ancora un bel po’. oltretutto la grafica sembra anche migliorata rispetto le vecchie immagini.Anche the conduit ci stanno lavorando molto sodo sopra, e si vede anche dal fatto che la grafica in generale migliora sempre pi .se tanto mi da tanto, dovrebbe essere un capolavoro all’uscita.Anche perch scordatevi di avere un nuovo zelda da qui ad altri 2 anni.

  8. On December 24, 2011 at 10:39 am,
    benb says:

    As to the speed we go to some kind of gold standard I am inclined to agree with Rickards. Just out of interest a week or so ago I read the U.S. gov was selling fewer silver eagles didnt get it confirmed and unrelated report a fellow in Asia was saying demand for silver dropped off there too. Today on KWN the metals rap reported an abundance of silver on the market. Makes sense to me as I see people forget and laugh at silver when it goes down and buy when it goes up. Line ups perchasing in my town last week.
    Anyway there could be a long way to go before a gold standard comes about, I still think the “dark side” power is underestimated. Bobs example of Obomas “I can throw away the key on anyone I want for no reason” law is a great example.(more proof of evil required?)
    Ron Paul could litteraly be the last chance, I hope enough people see and believe that enough to start working at saveing the states and the rest of us.
    Big picture gold dont matter, the election does. imho
    good show Al, thanks

    • On December 24, 2011 at 10:58 am,
      Big Al says:

      Thanks benb,

      Ron has certainly accomplished one thing so far this year. He has definitely increased the awareness of the general public. Many are listening and believing.


      Big Al

  9. On December 24, 2011 at 10:47 am,
    John Flinn says:

    May god bless and good luck next year.

    • On December 24, 2011 at 11:01 am,
      Big Al says:

      Hi John Flinn,

      God bless you also and regarding next year, instead of luck how about savy investing!


      Big Al

  10. On December 24, 2011 at 10:47 am,
    fred says:

    happy holidays to you al & family! funny, i listened to seg 5 expecting to hear about timmins & heard about int tow hill & listened to seg 7 expecting rye patch & heard about timmins? oh well, nice to hear get your emails all year!! thanks for that!

    • On December 24, 2011 at 11:00 am,
      Big Al says:

      HI Fred,

      We made (or should I say, I made!) a mistake. Sarah is fixing it.

      I sent her an incorrect “segment description” and our friend Laura Stein brought it to our attention earlier today.

      Thanks for your comments,

      Big Al

    • On May 8, 2012 at 7:22 pm,
      Jonny says:

      just because im a fan of a wwe suptrsear doesn’t mean im a fan of the wwe company. I mean i like the wwe i dont like it as much as i used too. wwe used to be just like this now it’s a little kids playground. they can barely cut promos. the only exciting things that happened this year was the rock returning and the whole conspiracy thing well kinda. but either wwe isnt the same as it was back in the day regardless of ratings

  11. On December 24, 2011 at 11:07 am,
    BJ says:

    Al, I’m with you all the way when it comes to being absolutely disgusted with what’s going on in D.C. But I’ll save my payroll tax rank for another post–probably sometime in the next month or two, when the clowns return to that Three Ring Circus.

    As far as Obama, burning the Constitution, it was Bush and his elephants that put the Patriot Act upon the people. Now, anyone (especially political dissidents) can be labeled terrorists, rounded up and made to disappear.

    Even so, let’s step back and analyze unemployment numbers being the lowest since 2008. Yes seasonality (temp. hires in retail during the Christmas selling selling) has a lot to do with it. But the same seasonality affects were there in 2008, 2009, 2010. Do you catch my drift?

    • On December 24, 2011 at 8:31 pm,
      John W. Robertson says:


      Good question about seasonality, but Bureau Labor Statistics adjusts the numbers as they see fit. They have made errors which they’ve admitted to, but also can politically decide to skew the numbers in any subjective way favorable. Look also at the revisions two months later…they’re drastic. No disagreement about the root cause behind Patriot…just interesting how many Obama supporters don’t realize he continued the policy.

      • On December 25, 2011 at 9:10 am,
        Big Al says:

        Morning John W,

        You really have to wonder just how bright some of these folks you are talking about really are!

        Big Al

  12. On December 24, 2011 at 11:16 am,
    Big Al says:

    Yep, BJ

    I do catch your drift and you are correct, but I have to stand by what I said because my argument does hold true when you compare the current numbers to the numbers of the past few months.

    The ability to round up and detain is really scary. Much more so than most folks realize!

    And, yes of course, this was all started way before the current administration.

    All the best,

    Big Al

    • On December 24, 2011 at 3:55 pm,
      Al says:

      But the funkiest numbers of all come from the NAR! How can they miss the resale housing market by close to 15% per year since 2008? Are they that dumb or have they no shame, or maybe both? Do they (the TV media)ever really report the truth about anything anymore? It’s Alice in Wonderland.

      BTW: Notice how the corporate media is saying that if Iowa goes to Ron Paul that that makes Iowa irrelevant. Actually, I think it’s the other way around. For all their hooting and howling about Ron Paul, the mainstream media is making itself look silly. Ron Paul’s victory in Iowa will highlight their irrelevance. . This time around, the plebes are not going to as easily bamboozled as before.

      Also, Perry and Gingrich failed to get on the ballot in Virginia. Thus proving once and for all, “Yes Virginia, there is a Santa Claus”.

      Hope you have a wonder Christmas with your family and friends.

      Regards to all, BJ

      • On December 24, 2011 at 3:56 pm,
        BJ says:

        Oops, that’s supposed to read BJ says:

        • On December 24, 2011 at 5:00 pm,
          Big Al says:

          HI BJ,

          I noticed that Rog brought the NAR numbers out in his Trader Tracks newsletter this week.

          It is really hard to believe that the numbers were missed that badly.

          Have you noticed how the mainstream media is now starting to jab Ron pretty good.

          As a couple of examples. Today, “Newt criticizes Paul’s stance on foreign relations” and another article about Ron making racial slurs.

          Wow! It is really starting. Doesn’t anyone have any shame!

          Big Al

          • On December 24, 2011 at 9:31 pm,
            Jerry O^OTB says:

            the NAR has been a joke for over 20 years…..I know because I was a member.

  13. On December 24, 2011 at 1:10 pm,
    Matthew says:

    This won’t be popular, but I have to say that I do not believe we will see any serious decline in the Dow for 2012. In fact, I believe we are very likely to see the nominal highs of 2007 challenged. While the economic backdrop may not appear to support this position, other factors do. First, the big picture, as seen on a 20 year monthly chart, is hardly ominous looking. The five month decline this year only managed a “382” Fibonacci retracement of the rally that began in March 2009. This retracement also served to retest the 2010 break above resistance going back to the highs of 1999-2000. The action since the decline ended has been very bullish. The powerful reversal in October led to a bullish engulfing pattern. The RSI and CCI both bottomed near their midline, 50 and 0 respectively — nowhere near a sell signal for either. The MACD looked like it was going to flash a powerful sell signal, but the “cross” was weak at best and is now embedded (bullish). The TRIX (15,9) is beginning to flatten out in positive territory, sell signal averted.
    Now consider the Dow component cash levels, credit ratings, dividend yields, and stock buyback programs, and you arguably have a more appealing investment than any sovereign debt. There should also be a demographic “push” developing as baby boomers increasingly seek a yield. When the T-bond market begins to crack, a portion of that tidal wave is sure to flow to the Dow.
    So, while I’m bearish on the economy, I’m even more bearish on the real value of the dollar. As long as the dollar collapses at a faster rate than the economy, the Dow is likely to rise. Remember that each time we see a new high for the Dow, the dollar gets cut in half versus gold to achieve it. When the Dow went over 14,000 in 2007, it was worth about 18 oz of gold. If we see 14,000 in 2012 and gold at just $2000, that’s only 7 oz of gold. In terms of gold, the Dow is currently as cheap as it was in 1992. The REAL decline in the Dow will continue, but the next big nominal decline could be as far out as 2015 or 2016.
    I’m not privy to the plan, so any number of developments could upset my applecart. But I do think it is a mistake to underestimate what coordinated central bank action is capable of. It is also nearly always a mistake to get caught up in widely held views.

    To a lesser extent, the above also applies to the S&P 500.

    I hold no Dow stocks and am much more bullish on gold and the miners.

    • On December 24, 2011 at 5:02 pm,
      Big Al says:

      HI Matthew,

      I printed out your comment and read it twice.

      Remember, I am definitely not a technician so I cannot comment intelligently on much of what you said.

      I do agree with you, for the reasons you mentioned other than the technical ones, that the Dow could do well next year. You brought out very accurately how the Dow can do well even though the dollar decreases in value.

      I also share your comments about gold and gold stocks although I still have about 25% in the conventional market.


      Big Al

  14. On December 24, 2011 at 5:50 pm,
    Clay says:

    I disagree with what Marshall Berol said, about 80% disagree. I don’t think Mr. Berol is right about what is happening in Washington and I certainly do not think he is right about what will happen. It is fine to be optimistic, but it is more important to be realistic.

    The problem in the US is attitude of people, most specifically those on the inside.

    Al: you are 100% right about Obama showing not one inch of leadership by going to Hawaii this season and spending way too much money when the vast majority of Americans are hurting. Mr. Obama is not a leader and never was a President. The protests will not be subsiding next year and things will get really bad. But look, from my perspective all the protesting, anger and just wait until next November, you are going to see a change like not seen in over 100 years in the US, these things are signs for optimism to me. If people just sat back and believed things will get better on their own, they won’t because that is not how realistic change is made.

    • On December 25, 2011 at 9:13 am,
      Big Al says:

      Hi Clay,

      Exactly my point!

      If people want to see changes, each person must make those changes.


      Big Al

  15. On December 24, 2011 at 6:36 pm,
    Kevin says:

    Hi Al,

    Would you be so kind as to provide your opinion or view on on Hecla mining? (HL NYSE) they recently had an accident at their Lucky Friday mine.

    • On December 25, 2011 at 9:13 am,
      Big Al says:

      Morning Kevin,

      I will discuss this after I do some research.

      All the best,

      Big Al

  16. On December 25, 2011 at 5:37 am,
    Tex says:

    James Turk is a most welcome fixture to your show and a fountain of PM insight with a fascinating historical perspective. Would you consider asking him to discuss the corrections that occurred in the 1970s gold bull market and their presumed causes? I think having such a historic perspective (especially on the etiologies of the corrections) would be valuable to all.

    While I am making up this Christmas wish list for future KEREPORT shows, I wish that Trader Rog would grace us with a sage discussion on the impact of high-frequency trading on technical analysis. Has it made technical analysis more complex? or less predictive? or obsolete?

    Finally, please keep Peter Grandich at it with his appearances on your show. I find his sessions with you hopeful and generally uplifting.

    Merry Christmas to all!

    • On December 25, 2011 at 9:15 am,
      Big Al says:

      Morning Tex,

      The answer to all of your questions/requests is a definite YES!

      Big Al

  17. On December 25, 2011 at 7:07 am,
    tricky rick says:

    Happy Holidays to all! 2012 will be very interesting.

    A rant that wakes we up every morning at 3 AM!

    Mr. Moriarty is on the right track I BUT… I’m starting to believe it’s a vastly deeper and darker hole we are falling into.

    IMO all fo those TSA dollars spent since 2001 are not wasted but another tactic to a greater strategy in this great CONFIDENCE GAME:

    On Zero Hedge see the excellent thesis (2 parts) by COGNITIVE DISONANCE. It’s a chilling romp into MAYBE but reads with too much coincidental possiblity to be totally discounted I’m thinking.

    In addition, to those very prescient words I would like to add that we think of an INTERNET HOLIDAY in addition to a BANK HOLIDAY courtesy of the PTB (bankers and their handlers – yup, bankers and politicians are the street muscle that are visible and get their hands dirty – look beyond their level for the real DONS of the world – yes Dorothy, there is an Oz).

    The Oz Mob.

    INTERNET HOLIDAY: Under HomeLand security authority, all servers are turned OFF. The value of our stocks or bonds or warrants or ETS or whatever disappear instantly when the screens go blank. If you can’t touch it – it is and was just a promise (again that confidence thing). and when the reboot occures – the legal battles begin (another confidence game).

    Legal? Corzine and MF??

    THoughts on this Christmas day?

    • On December 25, 2011 at 9:16 am,
      Big Al says:

      Morning tricky rick,

      Trader Rog is coming over later today for dinner. We will address these issues and do a Daily.

      Thanks for the idea!

      Big Al

      • On December 25, 2011 at 3:53 pm,
        Big Al says:

        Hi tricky rick,

        Rog already answered the issue so I have a reprieve.

        Time to eat turkey and drink red wine!

        Big Al

  18. On December 25, 2011 at 10:39 am,
    roger wiegand says:

    Question: High frequency trading and tech analysis: Day traders and some swing traders 1-2-3 weeks; always use tech analysis with good programs providing instant information. The largest funds use even faster tech stuff pre-progarmed to trade based upon market reactions. They own T-1 lines direct to the pits and can trade faster than anyone with pre-set decisions programmed into the mix. Pre-programmed trading runs the markets. The trick of it is to understand where these guys are going based upon markets and potentials in pre-programming. For us smaller traders, spreads remove a lot of the risk and enable traders to stay in the trades and not be stoppe out. We are long our usual spread trades until the end of May. Thereafter in 2012 I will be re-calculating all to see where we go short for the balance of 2012. There may still be PM trades in the 2nd half of 2012 but I want to see the outcome in the first quarter of 2012 before placing trades in the second half of 2012. More and more techies are winning. Fundamentals are too slow and non-reactive. We are teaching a class on 4-26-11 in Tempe AZ on technicals and fundamentals for traders and investors. – Traderrog

  19. On December 27, 2011 at 11:23 am,
    Ulysses says:

    I wish you would comment on the sudden drops in 30-day gold lease rates to negative on Dec 2 and again on Dec 7 which coincided with the beginning of the final pullback.

    • On February 22, 2012 at 9:42 am,
      Sandi says:

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