Big Al and Pete Grandich almost off the record is Chicago, but not quite!
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I agrre with Tex…..I think it is a little personal to talk and type so openly about Al’s enormous intellect.
Gentlemen,
My guess is that the folks who used that moniker were probably, shall we politely say, very relaxed! They may not have remembered it next morning, but you never know!
Big Al
By the way,
You all have to watch the you-tube video on the link that Dennis posted on another comment. Really a GREAT video!
Big Al
BA
Can you post it here please?
Thanks!
Very interesting silver article…..VERY interesting. Something to think about. Hope you grabbed some more physical when prices dropped last week.
http://www.tfmetalsreport.com/blog/3735/sunday-night-massacre-one-year-later
Great weekend show Big Al!
Mark A.,
You, my friend, are simply awesome! Thanks for all your links. Love the stuff you share on this blog!
Thanks so much.
Marc
Many thanks Mark A!
Big Al
Al,
Peter gets it! He is IMO your #1 guest. Very insightful conversation. 99% are clueless to what is going on with fiat currencies. I could feel that even some of the listeners were doubting gold’s strength. My bet it that even the majority of the listeners here do not even have 10% allociation. Again just my humble opinion.
Bobby
Morning Bobby,
Regarding the 10%, I am not so sure.
Regarding Pete, yes he is very good! He is also a great friend to me.
Big Al
I love all the compliments! But don’t you think you’ve got me confused with someone else?
Al, I`m with Bobby`s assetment. 99.999% of most people here in America are clueless concerning gold and silver as a real value. Its like the herd here in America think that gold is “nominal“ from the dic. Usage: Nominal in one of its senses means “in name only,“ Hence a nominal payment is a token payment, bearing no relation to the real value of what is being paid for.—-People are just been thinking that only cash or paper has value and gold or silver are merely objects with no real value. They are but things and not money. The herd are brainwashed, branded into their thinking from early childhood to just think that cash is of paper and everything else are but merely objects of no intrinsic value.`We guys/gals on this show know where the beef is. Its gold/silver, they are money. Had watched a while ago a video, a Bruce Willis flick called `Last Man Standing` that`s where we are today while that herd with their dumb look on their faces are just holding the bag.
Morning Den,
I agree with your assessment to a large extent.
If, or maybe I should say when, the rubber hits the road those of us with some tangible assets will be ahead of the curve!
Best,
Big Al
Here in the US, where consumerism is a large part of the GDP, people believe that DEBT is money, from the top down. Unfortunately they have government backing and the government has a printing press, so how long will it take before gold can be used to make a purchase? Maybe never? Certainly not in an election year.
Morning Bobby,
Debt is, in my opinion, a great example of the “Something for Nothing” and “I deserve it now” philosophies.
Big Al
@D. Brophy – “…where we are today while that herd with their dumb look on their faces are just holding the bag….”
5 millions firearms are sold every month in the US. The “dumb herd” has no intention of being dressed as the meal on the dining table. My guess is those “left holding the bag” will have silver and gold in that bag. Water, food and the means necessary to remain the owner of your property will be blessings not to be discounted. Gold will not feed you nor help you protect you home, family and neighborhood.
Smith and Wesson Holding Corp is above the 50 and 200 day averages…….and so is Sturm, Ruger and Co. Too bad that Colt is a privately held company and so is Freedom Group that holds Bushmaster, DPMS, and Remington Arms. Interesting that the owners of HECKLER & KOCH are from the UAE…..
Morning Tex,
I betcha that I am involved in the conversation regarding firearms at least once per day. Kind of interesting isn’t it!
Big Al
Being prepared is true, Missive.
I believe that being prepared includes, to a major extent, having a close relationship with God.
Big Al
Amen
AMEN….BROTHER…..
I agree. With all the noise, it is a challenge to stay tuned to the “small still voice”.
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Gentlemen,
Here is an article that you may wish to wax eloquent about:
http://www.zerohedge.com/news/funds-cut-positions-gold-4-and-silver-20-gold-positions-3-year-low
Tex,
I assume you think this article is bearish? Yes?
It is bullish, because with all the outflows, such as they are, gold is not going down. SOMONE is buying – somewhere. Pessimism is the flavor de jour (trying to be eloquent).
Today’s downward snap in gold, which apparently happened in time zero (the kind of trading that would get any legitimate employee instantly fired without a bonus), has been completely reversed. Gold is getting strength from somewhere.
That is exactly right, Peter. The article is very bullish for gold. Like the article says; look where the price of gold went to during the following year afterwards.
There goes the PMs……..it is 2008 all over again.
Time for a group hug.
USD is going to go higher. That is the easiest trade to figure out of them all.
The bears are going to get blooded again?
I’m up 52% shorting PM stocks in the last 11 months. Blooded me more.
Morning Har,
You have made some very good points. Cannot disagree with your numbers.
I believe that my point, along with the points of others in our family, is that for long term security precious metals are the best.
I just purchased over $60K worth of mining stocks. Why? Because I am confident the prices of these particular stocks will double or triple within a couple of years.
Might be wrong, but I sure don’t think so.
I am glad that you picked up that 52%!
Big Al
HEY DID YOU DISCLOSE THAT , BEFORE PURCHASING…(he,he)
or was I on vacation….
I didnt see the disclosure either!
Thanks gentlemen. Sage (though without Rog).
As an aside, asking Big Al how he acquired that monicker could be getting a little personal.