Kitco Radio – Fri 9 Mar, 2012

One of the more interesting days in the gold market in a lot of years!

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Featuring:
Al KorelinRoger Wiegand

Comments:
  1. On March 9, 2012 at 11:13 am,
    irishtony says:

    HI GUYS….Dont forget my favourite metal……SILVER…its also holding its own

    • On March 9, 2012 at 12:34 pm,
      Big Al says:

      Who’s forgotten silver? My favorite too!

      Big Al

      • On March 9, 2012 at 5:00 pm,
        castanheiro says:

        And mine too!

    • On March 9, 2012 at 5:29 pm,
      chris says:

      I agree on silver its holding its own pretty well!

  2. On March 9, 2012 at 11:16 am,
    Marc says:

    Big Al,
    Slowly, but SURELY, silver and gold are taking hold in the marketplace. Now, let’s watch, as it asserts itself!
    Marc

    • On March 9, 2012 at 12:35 pm,
      Big Al says:

      My sentiments exactly.

      Did you see where the Dawgs got killed yesterday by the Beavers. Maybe no NCAA bid!

      Big Al

      • On March 9, 2012 at 3:06 pm,
        Dai Uy says:

        Al:

        I think the Huskies will stilll go to the Madness although they may jump up one or 2 positions in the seeding from a predicted 10 to an 11 or12. It was a great game.
        Just to let you know that this Coug was cheering for your Dawgs. Not a good year for the Pac 12; I believe that the WCC may have more teams in the March Madness provided BYU gets an invitation………….

        • On March 9, 2012 at 3:30 pm,
          Big Al says:

          No, not a great year for the Pac 12 at all.

          Best,

          Big Al

      • On March 9, 2012 at 3:18 pm,
        Marc says:

        Yeah,
        I cant believe that. You guys really might get plopped into the NIT…bummer, Big Al…bummer. Believe me, I should know, the Aztecs have been shut out of the big dance on more than a few occasions.
        Marc

        • On March 9, 2012 at 3:19 pm,
          Marc says:

          DU
          You, very well could be right!
          Marc

        • On March 9, 2012 at 3:30 pm,
          Big Al says:

          It is what it is and the way they played they deserve it.

          Big Al

  3. On March 9, 2012 at 11:50 am,
    Tex says:

    What goes down will come up….and then go down again….and come up again….and go down again…….volatility……learn to love it.

    • On March 9, 2012 at 12:36 pm,
      Big Al says:

      I don’t know about loving it, but I certainly agree with “dealing” with it.

      Big Al

    • On March 9, 2012 at 2:06 pm,
      Big Al says:

      Thanks Tex,

      I am going to do a Weekend Special on this subject with Bob Moriarty.

      Big Al

  4. On March 9, 2012 at 12:40 pm,
    Big Al says:

    HI Tex,

    The real danger here, in my mind, is what will the ultimate effect of the credit default swaps be on the already staggering international economy.

    Big Al

    • On March 9, 2012 at 12:59 pm,
      Tex says:

      Yep…could this be Lehman II?

      • On March 9, 2012 at 3:31 pm,
        Big Al says:

        Maybe even bigger than that!

        Big Al

  5. On March 9, 2012 at 1:03 pm,
    benb says:

    When I first discovered “the silver story” the prediction was 2020 for silver to be who knows? 1000 – 1500? The last prediction for these levels (i think credible) I saw was 2015. Now Im not predicting these levels, my point is “experts” have moved the time frame up. Not much to go on I know, but, Maybe things are speeding up.

    • On March 9, 2012 at 1:18 pm,
      Jerry O^OTB says:

      benb….I have seen the same numbers…..not 2020….but,
      1000…1500….(silver)…based on the 16 to l ratio….to gold…
      if gold hits $12,000 per oz….$1000 will look cheap….think about it…MD..O^OTB

      • On March 9, 2012 at 3:22 pm,
        Marc says:

        Hey guys,
        I have been thinkin about swapping my gold bullion and going with a 80 to 20% silver favored ratio…been thinkin that way for the LONGEST time….still just a thought though!
        Marc

        • On March 10, 2012 at 9:48 am,
          Matthew says:

          I think that is a great idea. I have moved dramatically in favor of silver, incrementally, over the last 6 months. Am now at about 75/25. With the gold/silver ratio still around 50, such a shift looks as appealing as ever. If we get another scary day in the general stock market, you might get a chance to make the swap near a gold/silver ratio of 55-56, possibly even as high as 59 (the 200 wma). Since we can’t be sure, I would opt to do it in tranches (at 51,53,55, etc.).

  6. On March 9, 2012 at 1:33 pm,
    benb says:

    I understand the ratios Jerry, it was the years I found scary. Maybe these price levels are coming at us like a snowball. Remember this is the first time the whole world has been fiat at the same time. I think thats why everyone is guessing, nobody knows the result.

    • On March 9, 2012 at 1:50 pm,
      Jerry O^OTB says:

      benb….I agree with you…..Do you think 2020 is to far out…or do you think
      it is closer to 2015? ……

      • On March 9, 2012 at 1:53 pm,
        Jerry O^OTB says:

        I may have misread your first post…

  7. On March 9, 2012 at 1:58 pm,
    benb says:

    What I know jerry is I know nutin, just a clue I think that they are talking about it happening sooner than they were 2 years ago. But I do think it will happen, the earth does not produce enough silver to keep it supplied at these prices
    How powerful the manipulaters are, i have no idea but it seems resonable to me the physical will eventually overcome the paper. I also see the banks wanting a gold backed currency, gold is just the perfect thing to manipulate keeping them years and years in control.

  8. On March 9, 2012 at 7:47 pm,
    Jerry O^OTB says:

    Well, that goes along with what Sinclair was saying….june 2015