Kitco Radio – Tue 17 Apr, 2012

Manipulation? You bet, says John Embry!

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Al KorelinJohn Embry

  1. On April 17, 2012 at 8:27 am,
    Clay says:
    • On April 17, 2012 at 8:39 am,
      Big Al says:

      Many thanks for the link, Clay!

      Big Al

    • On April 17, 2012 at 4:25 pm,
      castanheiro says:

      Hi Clay,
      Let me just add my complete agreement with the value of Chris Martenson. He is very smart and articulate. I may not agree with all of his forward looking prognostications, but overall his work is excellent, me thinks. Definately worth our time. Thanks much.

  2. On April 17, 2012 at 8:38 am,
    Mark Alan says:

    That’s a great article too, Clay! Thanks for posting it for everyone! But I think there could be a little bit more added to it, but he gets to the real heart of the matter.

    Thanks Clay

    • On April 17, 2012 at 8:40 am,
      Big Al says:

      Hi Mark A,

      As promised earlier, I will be doing more interviews with both John and Eric.

      This is a very important subject and they are certainly as knowledgeable as anyone on it!


      Big Al

      • On April 17, 2012 at 7:45 pm,
        Mark Alan says:

        Thanks Big guy!

        • On April 18, 2012 at 7:48 am,
          Al Korelin says:

          You my friend, are definitely welcome!

          Big Al from Arizona

    • On April 17, 2012 at 8:57 am,
      Marc says:

      Ditto that…excellent post – Clay

    • On August 25, 2012 at 11:53 am,
      Tira says:

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  3. On April 17, 2012 at 8:38 am,
    Nick in Van says:

    Great segment, Al and John! It is good Al, that you keeping listeners on track and reminding them why they should invest in gold and silver.

    Thank you.

    • On April 17, 2012 at 8:39 am,
      Big Al says:

      I am definitely in that camp Nick!

      Big Al

  4. On April 17, 2012 at 9:24 am,
    Irishtony says:

    “MANIPULATION”……WOW….What a great tool for the powers that be. They now manipulate everything. Jobless figures…..Inflation figures…..The markets…..Whole countries, to start wars,…….Our everyday lives, have i covered everything ? have i left anything out ?………..As far as gold & silver goes that will be manipulated until the dollar collapses, & that might not be that far down the road. Look what’s happening around the world, more & more countries are trading amongst themselves using their own currencies , because they are fed-up , been manipulated ( its that word again ) by U.S & its dollar. Be prepared take care of those around you………because our corrupt governments wont. PS i see J P MORGAN is getting ready to set up a ..COPPER ETF.

    • On April 17, 2012 at 9:43 am,
      Marc says:

      Hey Irish,
      Maybe we can push for Guinness to be the next world reserve currency? A form of exchange, coupled with fun and frivolity!

    • On April 17, 2012 at 10:58 am,
      Jerry O^OTB says:

      Welcome back IRISH…..
      JPM….wants to corner the copper market,,, since, the us mint is not going to have
      any copper coins…maybe, they are getting all the old copper coins at twice there
      value, from the govt. for free…..

    • On April 18, 2012 at 7:49 am,
      Al Korelin says:

      As always, Mr. Irish, a great comment from you. Many thanks!

      The Sheriff

  5. On April 17, 2012 at 9:31 am,
    Mark Alan says:

    WOW! just look at the “V” shaped action in the gold price today! Dropped to $1635 and rallied up to $1655 in no time! THAT is some strong buying there. Silver is creeping up too. Very interesting to see what unfolds this week.

    • On April 17, 2012 at 9:45 am,
      Marc says:

      Yep, Mark A…..great call. The floor has really been set. I think the shorts can’t push it down any more at 1650 G and 31.50 S. Now it is time to wait be patient – “like a snake in the weeds ready to strike”!

    • On April 17, 2012 at 12:27 pm,
      Jerry O^OTB says:

      What does the COT look like today…..?might be the answer….

      • On August 25, 2012 at 7:58 pm,
        Bartosz says:

        I think the two men with Joseph and Hyrum were John Taylor and Willard Richards, who later served in the First Presidency. Willard does kind of sound like Wilford, thoguh.

  6. On April 17, 2012 at 9:47 am,
    Clay says:

    Al: If you could through your marvelous connections, find out where and how the Eastern and Non OECD nations are taking gold away from the Western Nations. I have read and heard in past that most of the physical bullion taken by China from the West is taken out of the LME in London. Reports suggest this gold was in the past, several years ago, consisting of London Good bars which are distinctive in that they look like short bread pans. More recent bars reportedly being loaded onto planes and heading for China consist of rectangular bricks.

    Traditionally from what I have read, the London Good Bars normally traded in the LME were always angular gold bricks of assay guaranteed fineness shaped kind of like bread pans, whereas the square rectangular brick like bullion bars are of variable fineness normally stacked in the American vaults like Fort Knox, West Point and under the New York Fed building.

    You can easily guess where my question is going. Thanks.

    • On April 17, 2012 at 10:39 am,
      Jerry O^OTB says:

      CLAY……Irish and I , covered that 3 weeks ago, as a comedy,
      there are some facts available , that if you do some research, you will
      see the bars , may, not be solid gold…….tungston, to be exact,
      and the shipment from ft. knox, in the 60’s and 70′ , are the trails
      that lead to this discover,,,,,there are some articals covering this
      a couple years back…..hope this only adds to some of your points….

      • On April 17, 2012 at 12:46 pm,
        Clay says:

        Jerry: Thanks. Now that you mention it, I do remember something about gold plated tungsten bars ending up in some Hong Kong vault, traced I believe from London. That puts a whole new dimension on re-hypothication, London, the origin of the entire modern monetary nightmare.

        • On April 17, 2012 at 2:50 pm,
          D. Brophy says:

          Hi Clay, you guys must have seen the movie 007 Goldfinger it was filmed at Fort Knox and inside the vault, this is what I know. If the gold bars pull from the center its rather pure gold, if from the edges its got impurities in it. I`ve seen some real crap that some suckers said were gold dore bars. I remember a story about Spain dispatching some guy to go to the new world, it took him 2 years to finally return to Spain, when the queen heard of it, went to see the captain of the ship, and lo and behold the ship was decked out with metal all over the ship. Half the crew had died by the time they had gotten back to Spain, but it wasn`t gold, but iron pyrite. I`ve met some real dumb dumbs, my what you could sell today.

          • On April 17, 2012 at 3:17 pm,
            Jerry O^OTB says:

            D B…..I think all the gold is gone, and just like all the silver is gone,
            there is not a physical audit of the gold ,,only, cpa varification of someone
            else’s numbers….
            I think, because no one else sides with ron paul on the audit , the rest of the
            crooks in washington already know the details and are afraid to speak up for
            fear.of death , politically or physically.

          • On April 18, 2012 at 8:04 am,
            Al Korelin says:

            Refrigerators to Eskimos Denis!


        • On April 18, 2012 at 7:58 am,
          Al Korelin says:

          It sure does, Clay, it sure does!

          Big Al

    • On April 18, 2012 at 7:52 am,
      Al Korelin says:

      Yes I can Clay.

      The first half of the show this weekend will be dealing with manipulation, etc. I bring up this question.


      Big Al

  7. On April 17, 2012 at 10:27 am,
    Jerry O^OTB says:


    • On April 18, 2012 at 8:00 am,
      Al Korelin says:

      Thanks In the Box,

      Actually a very pleasant flight yesterday. As usual, a bit crowded, but I can sleep on airplanes so I am really lucky!

      Big All

  8. On April 17, 2012 at 12:52 pm,
    Tex says:

    If you have a chance, ask John how the Sprott Capital Fund L.P. went from being named “Fund of the Year” at the 2010 AR to its current state…and if it will ever recover….

    • On April 18, 2012 at 8:01 am,
      Al Korelin says:

      Okay Tex, I will.

      Big All

  9. On April 17, 2012 at 2:09 pm,
    Irishtony says:

    Morgan prepares to rig copper market with new ETF
    Submitted by cpowell on Mon, 2012-04-16 12:12. Section: Daily Dispatches
    JP Morgan Lodges Copper ETF Filing with NYSE

    By Melanie Burton and Chris Kelly
    Friday, April 13, 2012

    • On April 17, 2012 at 2:55 pm,
      Jerry O^OTB says:

      HEY IRISH, read my above post….we already said that, who need these guys from the
      daily dispatch…, you and I already figured that out…maybe we could front run these articals, and charge big AL,
      maybe you and I should start our own
      DAILY POST….

      • On April 17, 2012 at 3:03 pm,
        Jerry O^OTB says:

        hey, Irish, I was thinking(which is dangerous) that these guys at the daily dispatch, used our material
        to write their artical….how else, did they get the insightful knowledge of the

        • On April 17, 2012 at 3:15 pm,
          Irishtony says:

          HELLO JERRY….I was trying to think of an answer, till i realised it could also be dangerous for me, to think so i wont bother.

          • On April 17, 2012 at 3:22 pm,
            Jerry O^OTB says:

            but, that is what makes this site so wonderful….your thinking…..
            after , all, you do get a 5 hour head start, being closer to GMT…..

    • On August 25, 2012 at 3:43 pm,
      Yunus says:

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  10. On April 17, 2012 at 2:27 pm,
    D. Brophy says:

    Hi Al again a good subject to discuss on today and week-end show. Ask about all the paper ETF`s on the precious metals and if they can influence this downward spiraling on the price of the metals. It has to be something that`s keeping gold, silver down when ah hell is in the world, in every country there is distress, unemployment, riots, wars. Gold/silver & PGM`s should be sky-rocketing in price to the moon.

    • On April 18, 2012 at 8:06 am,
      Al Korelin says:

      Okay Denis, I will.

      Big Al

  11. On April 17, 2012 at 7:28 pm,
    MissiveDuTexas says:


    I know I’ve heard some of the info before, but I could still really use a refresher on how to take delivery of shares bought on the stock market. I don`t trust these intermediary anymore, I want the ownership paper of stocks I buy in my hands, not some third party that can decide anyday to use it for their own purposes. This is of no interest to day trader, obviously. Anyway, another aspect you will discover in “Tragedy and Hope” is how control of the commodities market was sought and obtain by the elite prior to the great depression. The same is happening now, those going long should probably consider this as well.

    Of course, buying low, selling high is desirable:)

    • On April 18, 2012 at 8:09 am,
      Al Korelin says:

      Morning MissiveDuTexas,

      All you have to do is work with a brokerage firm that provides this service. Not anymore complicated than that!

      By the way, the four firms that I deal with cause me absolutely no concern so I do not bother with delivery.

      Big Al

      • On April 18, 2012 at 9:14 am,
        Matthew says:

        I have to agree with you, Al, about delivery. I took many partial positions in certificate form in 2007. After the once-in-a-lifetime events of 2008, I began to deposit the shares back into the accounts. For those who still want to hold certificates, it is probably best to hold no more than half of each position this way since a quick sale would not be possible, should the need to sell arise.

  12. On April 17, 2012 at 7:40 pm,
    Jed Davis says:

    If you look at a 12 year historical Gold chart, you see that the manipulation is not working all well well.

    • On April 18, 2012 at 8:11 am,
      Al Korelin says:

      Morning Jed,

      Anyone with a brain bigger than a pea has to agree with you.

      I believe that the question deals with the degree of manipulation.

      Big Al from Sunny Phoenix

  13. On April 17, 2012 at 9:20 pm,
    Reo says:

    Sell in May and go away ..followed by summer doldrums…Your continual repetetive talk about…Hey starting to Rally…oh down again..must be manipulated.

    I`ll say it again…Gold and silver going nowhere until after the summer ends and then again it depends on the elections.. I won`t be buying aything until sometime in july.

    • On April 18, 2012 at 8:12 am,
      Al Korelin says:

      Morning Reo,

      What makes this subject really interesting to me are all of the various opinions!

      Big Al

    • On April 18, 2012 at 10:04 am,
      Matthew says:

      “Sell in May, go away, come back after Labor Day” (for the HUI) would have only worked with any degree of certainty about half the time (’02, ’06, ’08, and ’09). It would have failed miserably in ’03, ’04, ’05, and ’11. It could have been okay in ’01, ’07, and ’10. For gold bullion, the practice has been even more questionable.
      Your intention to buy in July makes WAY MORE sense. However, given the depth and timing of the current correction, I am very skeptical that we will see any selling at all this summer. Those who might sell probably already have. Based on the CCI (20) and the Wm%R (14), on the monthly chart, the HUI has never been this oversold during the entire bull market. We could see a powerful rise straight through the summer, just like in 2003. That rise lasted for 8 months yielding a 100% rise. Such a rally would suit the planners very well. Far fewer people would notice it with all the fun and distractions of the summer months.
      Even the pros are out of this market.

  14. On April 17, 2012 at 10:22 pm,
    Dennis M. O'Neil says:

    Why would you invest in something that is manipulated?
    Answer: to enjoy the ramifications of the manipulation.

    • On April 18, 2012 at 8:14 am,
      Al Korelin says:

      Morning Dennis,

      I have posed this question to both Murph and John (yesterday to John) and their answers were both the same, “Huge explosion upward in price when it is stopped.”

      I guess that is as good as any.

      Big Al