Gold, politics, and insights concerning medical care

March 10, 2012

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Putting together this weekend’s show was very interesting for me. Not only did we continue to discuss gold and politics, but we heard some very interesting insights concerning medical care from David Houle. There is more than a grain of truth in what he is saying. I say this based on some discussions I had with Washington insiders (definitely not liberal) and from the reading I did in his book. See what you think.

In this show Al discusses:

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    Mar 10, 2012 10:40 AM

    Good Morning (6:30 am Montreal,) People,
    Does anyone have an explanation concerning some PM equities. Yesterday Alamos Gold(AGI.TO) with Doug Casey giving a good report two weeks ago went down .48. Are there any bad news that I don’t know about and this stock was below Casey’s recommended buying price.
    Another issue is Silversorp went up 23 cents while Silver Wheaton went down 48 cents
    Silver had a good day yesterday and SLW is not overvalued . SVM was a litttle undervalue
    Thank you Lord Bless

      Mar 10, 2012 10:19 AM

      Hi Joseph,
      Nothing makes sense anymore. I also follow Casey. I am a big believer in the ‘fee ride”.
      Lately instead on using profits to buy more shares, I buy physical. Not sure anymore if miners can survive inflation, higher energy cost and the government tax laws being imposed.

        Mar 10, 2012 10:06 AM

        Morning Karen,

        My personal opinion is that you might be jumping the gun a bit by getting out of equities. I still think they represent some good opportunities and I am putting my money where my mouth is.

        Just recently I invested a pretty good chunk of change in both Otis Gold and Canasil Resources. (I disclosed this earlier on more than one occasion.)

        Obviously, this is not advice just telling you what I have done and will continue to do.


        Big Al

          Mar 10, 2012 10:14 PM

          Hi Al,
          You are probably right and I am still invested, just taking my initial investment off the table whenever a stock doubles so the shares left are the “free ride” so to speak.

            Mar 10, 2012 10:20 PM

            Solid action on your part!

            Big Al

      Mar 10, 2012 10:52 AM

      Of the three, Alamos Gold and SLW have shown the most strength in 2012. Despite plunge in the sector over the last 1.5 weeks, both were able to close the week above the important 50 week moving average. Barring a positive macro development, looks like it could have as much as another $1 on the downside, since the weekly MACD is about flash a sell signal. The TRIX(15,9) is nowhere a confirming sell signal.
      I do not have a position, long or short, in any of these companies, but have in the past, and think all three will do very well.

        Mar 10, 2012 10:54 AM

        TRIX is nowhere NEAR a confirming sell…

        Mar 10, 2012 10:07 AM

        Thanks for the input Matthew,

        Big Al

      Mar 10, 2012 10:02 AM

      Good morning Joseph,

      I am sorry, but I cannot comment on Alamos, Silvercorp or Silver Wheaton.

      I will look into these companies on Monday and then give an opinion.

      Big Al

      Mar 10, 2012 10:54 PM


    Mar 10, 2012 10:39 AM

    Hi Al ans Peter,
    I have been buying physical gold every six months since 2008. Every purchase has been around $200,00 higher. Will continue for 3 more buys. Sleeping well ar night. Best to all.

      Mar 10, 2012 10:07 AM

      You know Mr. Keep,

      I am sleeping pretty well at night also.

      Best to you as always,

      Big Al

    Mar 10, 2012 10:11 AM

    Seg 4-5:
    Good points al. we all need to get healthy. There are good models out there like Kaiser Permentente. I thank David for the clarity that this is not an Obama Issue as we are lead to believe by the wing nuts labeling it socialisist.

      Mar 10, 2012 10:01 AM

      Hi Bobby,
      Of course everyone wants to be healthy. However it is not the governments job to dictate who gets what care as outlined in the 2000 page Obamacare bill. This type of government overreach is most definitely a socialist system and if implemented will result in loss of freedom and government intrusion into every aspect of our lives.

        Mar 10, 2012 10:17 AM


        Mar 10, 2012 10:15 AM


        You do make a good point in spite of what I said to Bobby.

        I do; however, appreciate what David said. We have to remember that this program was discussed and endorsed back in the days of Richard Nixon and stressed again by President Regan.

        I have to wonder what is the lesser of two evils. Evil number one, the government mandating health care or evil number two, irresponsible people doing nothing and then demanding help from others.

        My guess, at this moment in time, is that irresponsible people represent the greatest need for government.

        Isn’t that an interesting question raised about the actions of irresponsible people? Would we need government, if everyone truly took care of themselves and their families. I think not!

        Big Al

          Mar 10, 2012 10:45 PM

          In your evil #1 you resign your liberty. Period end of story. The delivery of care is no longer a matter of price. A Dr. will deny care when not indicated regardless of ability to pay. It would not matter how many bake sales you have or fund raisers the care would not be available. End of story!

          In your evil #2 first put it in context. Healthcare is outrageously expensive because of government….it is not that government involvement that reduces costs. Let me ask how was healthcare delivered prior to Medicare. Were people dying in the Street in the 1950’s?
          There were Charity Hospitals and Charitable organizations that funded and/or delivered care. Individuals gave to these organizations voluntarily. A big difference as opposed to a government requirement enforced by color of law and the barrel of a gun. I take option #2…we just have to rescind Medicare and the War on Poverty and return to indigent needs being met through voluntary altruism.

            Mar 10, 2012 10:01 PM

            Hi Dennis,

            That is exactly what Ron Paul advocates.

            I really don’t disagree with either of you.

            I need to learn more about this system. (And, I will!)

            I am under the impression that if people purchase a certain level of medical coverage or they pay for it directly then they can get whatever they want.

            I am also under the impression that the govt plan simply states everyone needs to purchase a minimal level of coverage.

            If they do not purchase that minimal level they will be fined.

            The rub is that an individual does not have to purchase that care until they absolutely need it. This is certainly not good for the insurance companies as at the point of necessity they cannot disallow the purchase of coverage.

            What a bucket of worms!

            Big Al

        Mar 10, 2012 10:14 AM

        I truely commend you for reading the 2000 page report, I know that I certainly have not, nor will I. This is why we elect our representatives.
        If we cannot trust in the democratic system of government…who can we trust.
        Unfortunatley for some, they do not believe that this is a government, “of the people and for the people” A man is elected to office by a popular vote (sometimes) and he should have an opportunity to do his job, if the people do not like what he is doing, they have the opportunity to vote him out of office. I mean, how simple is it, anyway? Is this not what our founding fathers wanted?

          Mar 10, 2012 10:03 PM

          HI Bobby,

          Regarding your comment of 11:14 a.m., I believe that the problem is that in reality many of our elected representatives to not carry out their sworn duty.

          Sad, but I think that is often the case.

          Big Al

            Mar 10, 2012 10:22 PM

            You are so correct! This is why they need to be held accountable. Maybe we should re-open Alcatraz?

          Mar 10, 2012 10:26 PM

          Actually I did attempt to read it but it was worse than the tax code. Representative had to hire lawyers to interpret. I got my interpretation from the Heritage Foundation and several other sources. Apparently you missed what Pelosi said:

            Mar 10, 2012 10:29 PM

            Ms Karen,
            I am not of fan of Nancy Pelosi, nor, with all due respect a fan of 10 second soundbites! This is something i would expect to hear from Alex Jones or Rush. Again I suggest that you voice your opinion with your vote, noting that the leading candidate instituted a similar health plan in his home state, according to his Santorim.

            Mar 10, 2012 10:48 PM

            That is an absolutely amazing statement for a Speaker of the House to make!

            Big Al

            Mar 11, 2012 11:57 PM

            that is why she is not speaker any longer….can I use SIM….(stupid, idiot, moron)

      Mar 10, 2012 10:08 AM

      HI Bobby,

      I am starting to agree with you.

      Big Al

        Mar 11, 2012 11:59 AM

        I am sure you could find the whole speech if you wanted to. I do vote. However, how can you vote without being informed. That means you cannot rely on your representatives for all the facts. It is up the the individual voter to look at all sides to uncover the truth. You can’t rely on cable which seems to spin everything in Obama’s favor. I suggest you try listening to Rush to get all sides along with factual information.

    Mar 10, 2012 10:25 AM

    Seg1: As usual, Peter is 100% correct. I do not think any more needs to be said!

      Mar 10, 2012 10:16 AM

      Nope, Bobby,

      Not really!

      Big Al

        Mar 11, 2012 11:19 PM

        Hi Big Al,
        Here’s another great quote from Reagan, given in a 1961 speech to the Pheonix Chamber of Commerce.
        “Freedom is a fragile thing and is never more than one generation away from extinction. It is not ours by inheritance; it must be fought for and defended constantly by each generation, for it comes only once to a people. Those who have known freedom and then lost it have never known it again”. …and
        I believe it might have been Ron Paul who said,
        “Once you give the Federal Gov’t the ability to enact universal health care, we will lose thereafter, all of your other freedoms”….Again, not sure who to ascribe this one to.
        Best to you

    Mar 10, 2012 10:38 AM

    Seg 8: Al, John Williams is a quality guest! Welcome Back. Hopefully we will hear from him on a regular basis.

      Mar 10, 2012 10:17 AM

      I actually spoke with John about that and he agreed to come on the Show at least once per month.

      Yes, He is truly a quality guest.

      Big Al

    Mar 10, 2012 10:08 AM

    David Houle is the most dangerous person I have ever heard AL aire.
    A nice sounding eugenicist.
    He evokes a perverse nice sounding Mathusian culture of death.
    To put his “total loss of cerebral cortical functioning in context” listen to the Gipper for 10 minutes.

      Mar 10, 2012 10:26 AM


      This voice soothes my soul! I saw a t-shirt the other day that made me cheer: “Lord, if you’re not coming back anytime soon, could you at least send back Ronald Reagan?”

      Mar 10, 2012 10:14 AM

      Hi Dennis,
      Thanks for the great video!!

        Mar 10, 2012 10:32 AM

        Hi Dennis M, Karen and Martin C,

        I just watched this video. I must say that I cannot disagree with anything that President Regan said.

        I am going to gather my thoughts on this issue and come with a Daily Editorial.

        Thanks so much Dennis for giving us this link.

        Best to all,

        Big Al

          Mar 10, 2012 10:14 PM

          The Gipper recorded that speech in 1961 as party of the AMA Coffee Cup Campaign against the the proposed Medicare program. Just about everything he predicted has happened. As he said “You cannot say we were not warned!” It falls in line with the parable of “How to catch a wild pig.” If you are not familiar with it it can be read here:

          Thinks of Social Security, Medicare and Obamacare as the corn.
          The fence line are all the liberties we cede away from the trivial to our very sovereignty.

            Mar 10, 2012 10:05 PM

            HI Dennis O,

            I am researching both Nixon and Regan’s comments regarding medical issues right now.

            It is hard for me to believe that a person of Regan’s intellect and stature would contradict what he said in his 1961 speech after he became president.

            Big Al

            Mar 11, 2012 11:02 PM

            Hi Dennis,
            I agree with you. David Houle is a scary guy. He sounded like he was just regurgitating a bunch of talking points and one-liners trying to trump up the socialist narrative. And when Big Al asked him for some examples, he couldn’t give any. Instead he answered by going into a more lengthy description or ‘camoflage’ of Obama’s health care plan. He sounded exactly like a schill for the establishment. Big Al, it’s good that you had him on as a guest. It’s very helpful to actually hear somone like him try to tapdance all around the issue. It actually serves to strengthen my resolve to not fall for their schemes.
            Dennis, I too, went back over Reagan’s speech of 1961 a few weeks ago, and gathered a few quotes. Reagan was anything but positive on socialized medicine. David Houle was just being completely dishonest about where Reagan stood on the issue.
            “One of the traditional methods of imposing statism or socialism on a people has been by way of medicine. It’s very easy to disguise a medical program as a humanitarian project. . . . Now, the American people, if you put it to them about socialized medicine and gave them a chance to choose, would unhesitatingly vote against it. We have an example of this. Under the Truman administration it was proposed that we have a compulsory health insurance program for all people in the United States, and, of course, the American people unhesitatingly rejected this”.
            ” The doctor begins to lose freedom. . . . First you decide that the doctor can have so many patients. They are equally divided among the various doctors by the government. But then doctors aren’t equally divided geographically. So a doctor decides he wants to practice in one town and the government has to say to him, you can’t live in that town. They already have enough doctors. You have to go someplace else. And from here it’s only a short step to dictating where he will go. . . . All of us can see what happens once you establish the precedent that the government can determine a man’s working place and his working methods, determine his employment. From here it’s a short step to all the rest of socialism, to determining his pay. And pretty soon your son won’t decide, when he’s in school, where he will go or what he will do for a living. He will wait for the government to tell him where he will go to work and what he will do”.
            “Government is like a baby. An alimentary canal with a big appetite at one end and no responsibility at the other”.
            “Welfare’s purpose should be to eliminate, as far as possible, the need for its own existence”.

    Mar 10, 2012 10:14 AM


    You haven’t talked about Rare Earths in a while. I’m sure you noticed the big moves yesterday, as in your sponsor RES. Molycorp will buy Neo Materials, a downstream company (Damn, sold it last year!!). Perhaps a buyout of an exploration project will follow. Some of my Rare Earths jumped 20%+ yesterday.

    Also Al, I think you should consider an interview with a man named Ken Ivory. He is the state legislator in Utah who sponsored the bill to monetize Gold and Silver in the state, and is now working on his project “Where Is The Line”. In a nutshell, his philosophy is firmly rooted in the constitution…and the federalist papers. He is spreading the gospel that the States have not only the ability but the DUTY to constrain the Federal Government, and that that was the intent of our form of Government. His web page for that is here:

    He is articulate, brilliant, and very accessible. I sent him an Email last year, and he exchanged with me right away. Y’all should know about him! If you like Ron Paul, you are going to love this guy.

      Mar 10, 2012 10:22 AM

      Hi martin c,
      You are right, I love this guy. The Federal government is so out of control we have to get control of our individual states. Understanding the constitution is the key to gaining freedom. For anyone interested, Hillsdale College is offering a free on line lecture series on the constitution which is excellent and so different from the way it is taught in the schools.

        Mar 10, 2012 10:12 AM

        Link to the Hillsdale lecture series:

          Mar 10, 2012 10:42 AM

          Many thanks Karen,

          I have been a reader of the Hillsdale newsletter for years now and I highly endorse it.


          Big Al

            Feb 03, 2014 03:21 AM

            That’s an apt answer to an intnsertieg question

      Mar 10, 2012 10:36 AM

      Many thanks Martin C,

      I will do that for sure.

      Regarding rare earths, I have decided to focus on precious metals (with the one exception of manganese) because that is an area of expertise for me and I am very comfortable there.

      I am not an expert in rare earths. Many folks out there with little or no background in this sector are trying to position themselves as experts. Believe me they are not.

      Mickey Fulp and possibly Brent Cook are the only people who I believe can opine intelligently on this subject.


      Big Al

      Mar 10, 2012 10:41 AM

      Hi again Martin C,

      This is what I sent to Ken:


      My name is Al Korelin and I am the host of The Korelin Economics Report. We air on terrestrial radio; our program is listened to on the web by about 160,000 people; and, I frequently appear on national media.

      I would like to chat briefly with Ken Ivory to learn more about his philosophy.

      Please reply with a telephone number where I can reach him and let me know a convenient time that I can call.

      Many thanks,

      Al Korelin

      Mar 11, 2012 11:26 PM

      Hello Martin C,
      Watched Ken Ivory. He was great and as you said, articulate, knowledgable, great memory recall, and brilliant. Agree with Karen’s characterization of the need to reestablish the authority of the individual states.
      Thanks for the link.

    Mar 10, 2012 10:19 AM



      Mar 10, 2012 10:43 AM

      Many thanks Dennis,

      Big Al

    Mar 10, 2012 10:22 AM

    If doctors did a FULL BLOOD TEST for Hypothyroidism people would be MUCH healthier!

      Mar 10, 2012 10:43 AM

      Thanks for the info, Terry S.

      Input like yours is what makes this site as good as it is.

      Big Al

    Mar 10, 2012 10:26 AM

    I cannot help believe that the the USA and Europe are beginning feed the same propagand that is North Korea, Cuba, Middle East countries etc etc. The propaganda is that we are right, we will overcome, we are the best, this is the best place to live, all other countries is wrong you get the picture. However the only people making money and well off are companies that are invested in emergin markets. Not North Korea of course this was just a propaganda example. Further more the people well off are bureaucrats. But the Middle class and lower will be crushed. I cannot believe how gullable the west is or there is too much power preventing true change s mentioned last week.
    Here is a quote you never heard: Ephesians 6:12
    :For we wrestle not flesh and blood, but against princialities, against powers, against rulers of the darkness of this world, against spiritual wickness in high places.”
    This is talking about spiritual powers, but it is also relevant to our economic situation.
    The way to protect yourself against these powers spiritually is with Christ.
    The way to protect yourself econmically is with Gold/ silver
    God Bless Joe

      Mar 10, 2012 10:45 AM

      Good morning Joe,

      I could not agree with you more!

      God bless,

      Big Al

      Mar 11, 2012 11:36 PM

      Hello Joe,
      You’re so right. A person cannot separate the spiritual influences that drive people’s behaviour, and still consider oneself to be rational. It’s like studying military history and trying to understand why wars have been fought, without considering the motivational impulses of fallen people and their lust to conquer and dominate others.

    Mar 10, 2012 10:28 AM

    Big Al:

    If you interviewed Dr. Theresa Ramsey about Hypothyroidism, something NO ONE is talking about, it would do your listeners THE MOST good for their health.

      Mar 10, 2012 10:47 AM

      Hi again Terry S,

      I have made a note to call her Monday morning. Thanks for the tip.

      Big Al

    Mar 10, 2012 10:37 AM

    I just ame across another statement you might appreciate, help you understand and further strengthen your belief of what we are up against both physically and spiritually:
    ” Be sober, be vigilant; because your adversary the devil, as a roaring lion, walketh about; seeking whom he may devour: ” 1Peter5: 8
    Remember now that your choice for the next president will be either Obama or Romney( This believes he will be a god after he dies, and also believes that Jesus and Satin are brothers)
    You cannot make this stuff up
    Lord help us all Joe

      Mar 10, 2012 10:16 AM


        Mar 10, 2012 10:48 AM

        Hi Joe and Mr. In the Box,

        Unfortunately I have to agree with both of you.

        Big Al

      Feb 02, 2014 02:49 PM

      That’s a welthlhoug-t-out answer to a challenging question

      Feb 03, 2014 03:36 PM

      I can’t hear anthying over the sound of how awesome this article is.

    Mar 10, 2012 10:52 AM

    AL…IS A “FUN”.DEMENTALIST….per al seg.1…
    IRish. and eye. are just dementalist…..

    Gartman….we have been saying that for 2 years….gartman and gold don’t mix..

    Aurora…that use to be an Oldsmobile….,and that went BYE BYE..
    GOLD TO $12,000 period…..O^OTB…

      Mar 10, 2012 10:23 PM

      In the Box,

      Are you referring to “dementia”? Probably so!

      Big Al

    Mar 10, 2012 10:13 AM

    Hi Al,
    Great show as usual. Interesting segment with David Houle who I must totally disagree with. He does not seem very famiiar with Obamacare. The monster 2000page bill asserts federal control over health care benefits and financing. It establishes a complex one-size-fits-all health system, and centralizes America’s health care decisions in Washington. it is a complete takover of every aspect of our lives. Regan disagreed with socialized healthcare so not sure where he is getting his facts.

      Mar 10, 2012 10:50 AM

      Thanks for that point, Karen. I will query David about that statement.

      By the way, I always appreciate your input. You know, if nothing else, our show certainly make myself and hopefully others stop and think.


      Big Al

    Mar 10, 2012 10:00 AM

    Prior to World War II healthcare insurance was rare.
    Because the government uninitiated wage controls employers were forced lure employees with fringe benefit packages in lieu of direct compensation.
    Gradually health insurance subsidized by the employer became a major bargaining chip. In 1950 GM offered to pay 50 percent of the health care costs of their employees. GM then majored in automobiles but had a significant minor the health care business. In 1961, retirees were added. and in 1964 GM began paying 100 percent of health care bills for workers and retirees. This is when on the show room floor sticker price increases were perversely rationalized away by saying that 20%….25%…..30% of the cost of the car was attributed to UAW healthcare cost. Or you were supposed to be somehow soothed by knowing your payment was more dedicated to employee healthcare than it was steel. It is not then a coincidence that the government was looked to to relieve the burden.

    How could Mr. Houle point his finger at Nixon and Reagan without taking LBJ’s Medicare fiasco to task. This would be akin to blaming Nixon for abandoning the Gold Standard without placing it in the context that LBJ guns and butter programs of the sixties were rapidly emptying Fort Knox. Do you remember DeGaulle requesting his billion?

    Vietnam, Medicare and the War on Poverty compelled Nixon to do something.
    LBJ’s fiddler had to be paid.

    For decades healthcare, education and housing all increased in multiples higher than the CPI. We now see how this turned out for the housing sector. It was unsustainable.
    So to it will be for healthcare and education. What government subsidizes you get more of AT HIGHER COSTS. Whatever happened to house call and the Dr.’s little black bag. Dr.’s were once paid with chickens from the coop. Now we must dedicate 17% of our economy to attempt to sustain the unsustainable.

    The problem with housing was relatively painless…..mere plunges in fair market value.
    The problem with government creating an unsustainable situation in healthcare will be bleak. It is dangerous to confuse ‘healthcare coverage’ with healthcare. Ultimately we want care not coverage. Stark healthcare rationing is the result of government’s over involvement in healthcare. It is odd that Mr. Houle sees this as a solution when it is the problem. We should not so glibly look to government for the answer. It was the unintended consequence of government wage controls which delivered us here in the first place. The healthcare crisis will be over when patients reach into their wallet to pay their Dr. instead of calling Hartford Connecticut.
    When stroke patients in their seventies are denied a neurologist there will be disbelief how we let ourselves arrive at such a place.

      Mar 10, 2012 10:40 AM

      Hi Dennis,
      Great post. Would like someone to name just one program that the governmnet ran efficiently. The government has an unlimited source of taxpayer money so they don’t have to be cost efficient. They use every program to expand the power of government to dictate over the masses.

      Mar 10, 2012 10:48 AM

      This is excellent, Dennis. I’m afraid Obamacare will be the last straw.

      Has anyone else heard of Dr. Dave Janda? He has an excellent radio program/podcast in which he often discussed Obamacare. The thing is so complicated…we can stab it with our steely knives, but we just can’t kill the beast!

        Mar 10, 2012 10:50 AM

        It is like the movie “Logan’s Run”.
        You can have everything you want in life…..except when you turn 30 you go to “Carrousel”. The book the movie was based on set your termination date at 21.
        The truth is the problem with Utopia is Utopia.
        My father had a saying “instant gratification equals ignorant ecstasy”.
        Universal Healthcare sounds good until you are denied care.
        You do not want a healthcare procedure you need to be formulated into a cost benefit analysis. It is proper to project a feasibility study to determine the economic viability of a business endeavor. What you do not want is a government hack determining a once preferred procedure is not indicated for your “Unit”.
        Notice how HHS is depersonalizing the patient. It is as if the patient termed “Unit” is a widget. To desensitize the gambler from a currency a casino issue chips. The Dr. will be more compliant if he writes “denial of care to Unit 3467” as compared to “no life saving surgery for Mrs. Betty Stephenson’.
        Whatever happened to “first do no harm”?
        Like so many things the gratification of change will wear off to reveal a dark place

      Mar 10, 2012 10:53 AM

      Great comments as always, Dennis.

      I will pose all of these questions to David.


      Big Al

    Mar 10, 2012 10:22 AM

    I think Rush Limbaugh was collateral damage. Obama had to take him out, i.e. to have Rush himself take himseft out by his own comments. He aired a story, March 8, 2012 `Unemployment Rises; AP Spins for Regime` . … Those unemployment figures are indeed cooked.

      Mar 10, 2012 10:57 AM

      Good Morning Mr. Brophy,

      I don’t think Limbaugh was collateral damage. I think he said something that was really stupid. Had he rephrased this statement the point would have been much better made.

      Sorry, but I think he really screwed up.

      Big Al

        Mar 10, 2012 10:05 PM

        Hi Al, I agree with you on the other article where he said was really stupid. Now I`m not here to defend him, but to relate information to you, that confirms Segment 8, and that unemployment numbers have been cooked.

        Mar 11, 2012 11:58 PM

        Hello Big Al,
        You know I respect you immensely, but I have to ‘gently’ disagree with you on this one. Rush spoke the truth about this woman, however, in this era where we are expected to dance to the beat of the ultra Liberal Left, they have determined that we conservatives are not allowed to call things the way they are, if it happens to tread on their ‘sacred cow’. I was listening to the show that day and heard him talk about Ms. Fluke. He described the kind of sexually permiscuous behavior Ms. Fluke was engaging in, apparently, and asked the question, “what do you call someone like her”, and in rhetorical fashion, answered by saying we would call her a “s__t”. The discussion was more forensic in nature than a personal attack on her. And, his point was not so much to go after her, as it was to show the complete absurdity and Constitutional illegality of the Fed Gov’t, ie. “we the people”, being forced to pay for her birth control. Maybe he could have chosen a more nebulous word for her, but IMHO, he was correct.
        As always, I appreciate you and love your show!
        Best to you.

          Mar 11, 2012 11:50 PM

          Hi Castanheiro,
          More info on Fluke to show what the administration is capable of: Aside from being an abortion activist she is connected to a progressive PR agency where Anita Dunn, former Obama communications director, is the managing editor. In other words an Obama plant.You have to wonder where was the outcry for civility when conservative women like Sarah Palin, Michele Bachmann and Laura Ingraham were under visious attack by the left.

            Mar 11, 2012 11:02 PM

            Hi Karen,
            You’re absolutely correct and thanks for the added info on Fluke. Yes indeed, it’s amazing how a person can form an initial impression, based on a very selective and edited soundbite from the liberal media. But then, as more and more supporting info comes out and the story begins to gain some context, the picture often takes on a completely different look. I agree this administration will stop at almost nothing to secure O’s reelection. We must be on our toes. Always good to get your perspectives. Thanks.

            Mar 11, 2012 11:03 PM

            My comment is probably too late to garner attention, but that’s what burns me…I remember the Whoopie Goldbergs and Matt Damons carry on about the Bush Admin, with some very base humor, if you could call it that. And it was in response to any question…just unsolicited attacks. I get that Hollywood doesn’t like Repubs, but the stuff I remember was very low, regardless of who it would be targeted at.

            Mar 11, 2012 11:04 PM


            “And it WASN’T in response to any question” was what I meant to say.

    Mar 10, 2012 10:31 AM

    Seg.3….WHY DOESN’T RON PAUL….GET MORE OF THE 535 PEOPLE IN CONGRESS TOGETHER FIRST and be identified as a group of constitutionalist.? It seems that he has been in congress for 28 years…. and should have some friends..that think as he does.
    I find it strange that Ron has not gotten at least 10-15 percent of the congress
    to think in terms of what he thinks…If he did get , 10per cent , that would be
    50 congress men to come to the same conclusion….
    IF there are not at least 50 men in congress that do not believe in the constitution
    we are really in trouble…..I say , they, the 50 , need to come to the surface…
    Just my OOTB…THINKING…

      Mar 10, 2012 10:35 AM

      TYPO…sorry…..should read “IF there are not at least 50 men in congress,
      that believe in the constitution…we are really in trouble…
      Still OOTB…

        Mar 10, 2012 10:59 AM

        Hi Mr. In the Box,

        I am forwarding your comment on to Jeff. Let’s see where this goes.

        Big Al

        Mar 10, 2012 10:21 AM

        good point Jerry, I am looking forward to the follow-up

      Mar 10, 2012 10:07 AM

      Correction…”Why doesn’t Ron Paul get more of the (remaining) 534 people in Congress…”

      Hey, we knew what you meant anyway!

        Mar 10, 2012 10:32 PM


    Mar 10, 2012 10:41 AM

    2012 gold target (there are others)
    Physical gold “supporters” forecast………..1923 and beyond
    Paper market “supporters” forecast……………below 1500

    Which one will turn out to be true?
    We know which one but there appears to be internal/outside factors that will make this effort a struggle/challenge.

      Mar 10, 2012 10:01 AM

      The shorts are about to get smoked by the same people that just beat up the longs. With sentiment so divided, a big move, one way or the other, seems assured at this juncture. It’s easy to see why Sinclair says to “go flat”.

      Mar 10, 2012 10:14 AM

      Hi Don,

      Please give me a source.


      Big Al

      Mar 10, 2012 10:45 AM

      Don, I have listened to people say since 2000 that gold will drop to $100/oz. During those intervening years, as I have learned to completely ignore the main-stream media and make up my own mind, I’ve found my investments to do better and better. So if anyone cares, I think gold has to reach $5,000-something (unadjusted for inflation of today’s USD — heaven only knows what it will be net of inflation).

      To any who might have fallen into this trap, stop micro-managing your mining stocks. If Berkshire Hathaway dropped 20% in 1 day, that’s an issue. For a mining stock, it isn’t. By all means, analyze them carefully, and if you bought high and are sitting on a loss, analyze your buy points and see why you bought when you did, so you don’t buy at similar times in the future. I fear many are being shaken-out, in real time, right at the bottom of the mining equity market. This is what it feels like to be in a sector when it’s at its bottom. I’ve been “here” before, and it’s exactly what you wait for, and are lucky if you get this chance once in a decade. If you’re not a millionaire yet, don’t blame manipulators. Thank them. This is yet another chance to purchase great companies and more metals at an ongoing discount. Sorry for the cloud-9 opinion, but as mentioned a few days ago, I’m not pumping the dedicated audience here, who are probably not collectively big enough to move a whole market sector, but warning you. You’re potentially making the same mistake that millions of investors have been doing for centuries.

      I think what too many people do, is they become excited after learning about the dollar and debt, then buy a bunch of stocks right away based on that excitement, and wait for their ship to come in. Buying PM’s is a hedge against currency devaluation, plus a longer-term investment. So if metals were brought down again two weeks ago, or if mining stocks aren’t priced where you think they should be, remember why you were buying in the first place.

      Today is March 10, 2012. Look at the price of silver or gold on this day in 2011, 2010, 2009, etc. You don’t have to know anything about technical analysis to recognize the trend. Equity prices for mining companies aren’t going to match that trend, because it takes a decade to start a mine, and the industry has been taboo since the mid 1990’s. It’s still out of favor with the general market right now, and as Grandich suggests, metals are not a natural ally of Wall Street. Perfect! That’s what you want! Buy low, sell…(all together now)…high, in the future. I don’t care if the paper market dogs the physical. Again, look at the trend. Is it up? Yes. The paper market just causes deep corrections. Unless you decided or needed to sell right at that moment, the paper market is just slowly going up along with the physical. Isn’t that all one needs to know?

      The only fundamental thing that can make the price of gold drop in terms in USD is if Congress chops $1 trillion from the budget, and publicly announces the intent to balance budgets in 2 or 3 years, and then follows through on it. If you look at countries that did this, like New Zealand, Canada, Ireland back in the 1990’s, and a few others, their currencies strengthened considerably, well in advance of actual balanced budget results, as the currency markets anticipated the results ahead of the curve. Countries that continued further into debt, like Japan, Mexico, or the real bad cases like Argentina, have seen their currencies continue to lose value versus hard assets and commodities. So if by some miracle I see Congress in early 2013 take serious steps mentioned above, watch out for the price of metals. Anything else, gold and silver go up in terms of dollars.

        Mar 10, 2012 10:41 PM

        Hi John W,

        Great points.

        I said earlier this year exactly what you stated above regarding the $1trillion cut along with further action.

        This would certainly have a negative effect on the price of gold.

        The question is, what is the probability of that potential action. I would have to guess slim to none.

        Big Al

    Mar 10, 2012 10:09 AM

    Big Al,
    There is no way the Chinese and the Indians are EXPORTING ANY GOLD…Like Grandich says” Nothilng goes from 250 to 1700 without significant buying”. That says it all: I am telling you this will be the exact sentiment in 2 or3 to 5 years or whatever! Another point Peter says is if the majority of people make their money off stocks and bonds – of course they are going to sling ______ at gold, silver, etc. Fiat currency is the “GOD” of their existence….Gold and silver kills that IDOL and sterilizes the system! These mongols DONT want the system sterilized and rebooted. How can a corrupt “IN-CROWD” favor SOUND MONEY. Everybody – that’s what we are fighting here! Hence, this intense struggle will cause ever increasing volatility. As long as the framework of the current financial keeps eroding at an ever increasing rate, gold/silver will become stronger and more expensive – at an ever increasing rate. It is damn near almost A PERFECT INVERSE RELATIONSHIP.
    All the best,

      Mar 10, 2012 10:51 AM


      As you know, but your comment perhaps leaves out, the dollar has also dropped precipitously in value the last decade. Remember that at the $250/oz price, dollars bought a lot more than than do today. The real increase in the purchasing-power-parity of gold is probably double your example.

        Mar 10, 2012 10:14 PM

        good point

        Mar 11, 2012 11:23 PM

        Yes sir, John,
        Great point! always good to see what the actual purchasing power is at any given time of an asset, share, or commodity. Someone has said, maybe John Williams, that the dollar has lost 40% of its purchasing power since 2000? If true, we have taken a serious ‘haircut’! Thanks to you and all our bloggers for their perspectives!
        I like the proverb that says, “In a multitude of counsel there is wisdom”.

    Mar 10, 2012 10:29 AM

    The Chinese objective is for them to be making the GLOBAL decisions in geopolitics THROUGH SUPERIOR financial leverage – DO YOU THINK THEY WOULD SELL ANY GOLD! ABSOLUTELY PREPOSTEROUS! The Chinese don’t want to lift one gun, sword, bomb or nuclear device at their foes – they simply watch as their fellow earthlings implode inward….the Chinese are very patient and diligent people.

      Mar 10, 2012 10:56 AM

      There are probably people in China who sponsor articles like the Aurora one, just so they can accumulate more gold at the cheapest possible price. The ‘exports’ noted are, as mentioned, probably needed to settle accounts that called for gold payment. China is out buying gold mines around the world. They’re net importers and producers, by a very, very large margin, over any ‘exports’. I’m quite serious when I say that articles are written by gold-bullish nations so they can accumulate more. I mean, if you worked for China’s intel agencies, what would you do?

        Mar 10, 2012 10:18 PM

        That is not only a good point, BUT a very important one and one that I, quite frankly have overlooked – gold isnt JUST a monetary leverage game, but, of course, its becoming a ever increasingly political one.
        All the best,

        Mar 11, 2012 11:53 AM

        JWR…. “made in china”….will become the new norm…on all the new gold bars…

      Mar 10, 2012 10:35 PM

      Hi Marc,

      I am pretty familiar with the Chinese philosophy because of my 22 years as the director of a bank which was majority owned and run by Chinese.

      I know that you are absolutely correct.

      Big Al

    Mar 10, 2012 10:36 AM

    Big Al,
    Coach me here guys, with Clifton Star, the deeper you go the more costs go up, no? And don’t mining operations and obstacles increase significantly.

      Mar 10, 2012 10:43 PM


      It’s all about risk and reward.

      If they should find a huge elephant up there it would be interesting to see where the company would go.


      Big Al

      Mar 11, 2012 11:31 PM

      Hello Marc,
      The big thing to consider to offset the cost of deep shaft drilling is being able to access higher grades of ore. If you can hit some ‘bonanza’ grades w/ sufficient tonnage, it may very well be feasible. Then they look at Feasibility issues and eventually a Preliminary Economic Assessment.
      Take care

    Mar 10, 2012 10:23 PM

    Al: One subject you have touched on but not nearly enough emphasis and depth is, Dollar as reserve currency of the World. This is about to end. In history any nation that enjoys world currency monopoly that enters a debt spiral has lost their currency dominion. Nations will go to war to protect their currency monopoly but if the debt and justification for the war is stacked against them, they lose the war and currency status.

    This is the biggest risk to the Federal Government and its imperial banking system. Since going off the gold standard, every debt battle and war has been lost. It is about to start major wars on all fronts both militarily and financially and doing this at a time when it has never been weaker.

    I recommend that you spend more time in your questions to guests asking them about the dollar remaining as world currency, and what would cause the end to this and associated ramifications.

      Mar 10, 2012 10:39 PM

      Those specific ramifications are exactly the impetus for my input above. A political motivator always includes control of a oscillating and vibrant degree. Loss of control stimulates most powerful nations to initiate a call to action(s). One of those, VERY unfortunately, is war. Did our “fearless leaders” think this through? I think not.

      Mar 10, 2012 10:44 PM

      Consider it done Clay.

      Many thanks for the suggestion!

      Big Al

    Mar 10, 2012 10:22 PM


    Each week I look forward to listening to your weekly program. I have in the past, like you, invested in some of the companies discussed.
    I also await for you to do interviews with a number of other companies, of which I already am a share holder in many of these: Abcourt Mines, Altair Ventures, Aroway Energy, Carbon Sciences Inc., DNI Metals Inc., Focus Metals Inc., Geologix Exploration Inc., Gryphon Gold, Laurion Minerals Exploration Inc., New Jersey Mining, Northern Graphite Corp., , Odyssey Marine Exploration, Sandstorm Gold LTD., Sante Fe Gold, Scorpio Mining Corp., Silvercrest Mines Inc., Spur Ventures, Strike Graphite Corp., and 3 D Systems.
    Keep up the good work.
    Thank you.


      Mar 10, 2012 10:33 PM

      HI Bob,

      I will certainly contact some of the above companies.

      Thanks for the idea,


      Big Al

    Mar 10, 2012 10:30 PM


    Thank you for the consideration.



      Mar 10, 2012 10:52 PM

      HI Bob,

      Which companies would be your top five? I will look at them.

      Big Al

    Mar 10, 2012 10:40 PM

    Rats, i missed the conversation today. top 5 companies,if you read this. you must own silver wheaton. #2-5 there are SOOOoooooo many good ones that are undervalued its unbelievable, except i have seen this before. right after the 08 crash. now im not a big money invester but i can tell you guys had i 30k it would have turned into 250k (about) i dont know if that good to you guys or not, but it looks very simaler to me now, except this time, we risk this 100x lehman crash. if i had alot (what i think is)
    i would remove about 80% of my investment funds and watch, the other 20% maybe 5% silver wheaton and look at what i liked for 15%. bet more could be found than your 15% will cover. this of course i would do only after i had enough physical to feel comfortable.
    Anyway, the opinion of a dyslesic uneducated wrinkled dried up old fart.
    Dangeous times, especially (i think) for the people not involved in resources.
    Thats to you guys, anyone i know that is not an informed invester i say 75%gold 25% cash this result of inflation is coming.
    good luck guys.

    Mar 10, 2012 10:51 PM

    Actually i was wrong to say the result of inflation is coming, its already here. now a person making 12k a year saw it, today, 40-50k sees it, in a year 50-60 will see it and so it goes, eventually the 100-150k people will see it.
    Anyway,its just a matter of time till you multi bizillionares see it.
    I still know people that dont see it,but they will.
    maybe im talking to the choir.
    thx 4 the show al.

    Mar 10, 2012 10:12 PM

    HI benb,

    From one dried up old fart to another, I like what you said. It makes sense.

    Thanks for the continued input,

    Big Dried up Al

    Mar 11, 2012 11:14 AM

    McHugh is pretty reliable.
    The markets have topped and when the margin calls start we will all wish to be in cash.
    50% haircuts on the main markets are not friendly to our financial health.

    Mar 11, 2012 11:17 PM

    Q? Is 80% of cost of healthcare go to liablity insurance co.
    I want choice to use angie”s list and not court room.
    I want o save the 80% of $18000 we spend this year.

    Mar 11, 2012 11:34 PM

    Mr. Flinn,

    You raise a very interesting question and I will look into that issue and report back.

    Have a great rest of the weekend,

    Big Al

      Mar 11, 2012 11:45 PM

      Personal Healthcare Savings Accounts are a great tool and should be
      part of a reasonbly solution without choosing between evils.
      Put $ in the account which is dedicated to your healthcare.
      You have a high deductible catastrophic illness policy to deal with such a scenario which in this instance the account is consumed for your care.
      You are given incentive to:
      1) shop for reasonably priced healthcare
      2) engage prudent preventative care
      3) to live a healthy lifestyle
      because what you do not spend you are allowed to after a period of years spend on other things tax free.
      This solution de-emphasizes government and emphasizes market principles.
      It is the school vouchers solution to healthcare with added bonus.
      It would return healthcare system to the sanity with which it operated prior to LBJ’s Medicare.
      It is because it empowers the individual that they are not central to a solution.
      Patients paying for care.
      Power brokers tend to want power over you. What better way to gain this power then to control your relationship with your Dr.

    Mar 11, 2012 11:06 PM

    Dennis – Do not forget that we are also under assault in many ways to keep us un-healthy.

    The American Academy of Environmental Medicine (AAEM) doesn’t think so. The Academy reported that “Several animal studies indicate serious health risks associated with GM food,” including infertility, immune problems, accelerated aging, faulty insulin regulation, and changes in major organs and the gastrointestinal system. The AAEM asked physicians to advise patients to avoid GM foods.

    Not to mention the EPA raising safe levels of radiation exposure following fukoshima, industrialised milk containing puss and linked to cancer, the fluoride poisine added to our water (look at the warning on your toothpaste, why is this now safe for ingestion.), the vaccine industry getting their own government protection with the National Childhood Vaccine Injury Act of 1986, the push for drugs as symptoms treatment and not cure, etc., etc.

    Power brokers have plenty of power over us.

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