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Okay last one for today! Rick Ackerman discusses technicals and hopes that today was a turnaround for gold.

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Discussion
20 Comments
    May 09, 2012 09:05 PM

    So how much lower do you guys feel we have to go. I was hoping the the $1580 gold support held today, but I guess not. Juniors have been totally taken to the woodshed, how much more can the take?

      May 09, 2012 09:54 PM

      Been through this before, Bobby!

      Stay frosty,

      Big Al

        May 09, 2012 09:24 PM

        Al, Sorry, I must have missed it, been driving to NJ fo Mother’s Day, tought to keep up with all the soundbites.
        Bobby

    May 09, 2012 09:33 PM

    HI BOBBY,
    I CANNOT UNDERSTAND IT, GOLD AND SILVER DOWN EQUITIES UP
    I REALIZED THE PROBLEM IS NOT TO GO ALL IN. ALWAYS BUY THE RIGHT STOCK THAT MAKES YOU HAPPY TO SEE IT GO DOWN.
    NEVER BUY AT THE TOP
    BE ABLE TO BUY DOWN UP TO 50% DEPRECIATION.
    BUY AT EVERY 5-10% DEPRICIATION
    JUST MY TWO CENTS
    LORD BLESS JOE

      May 09, 2012 09:55 PM

      Pretty good philosophy, Joe.

      God Bless,

      Big Al

        May 09, 2012 09:41 PM

        My problem Al is I am a beginner and has costed me several thousand dollars to learn this. and I still have a lot to learn hopefully it will not cost me much more.
        Another big issue is not become a weak hand.
        Thank you Joe

          May 09, 2012 09:09 PM

          Joseph,

          Please do not more than you are truly comfortable with doing.

          God Bless,

          Big Al

      May 09, 2012 09:30 PM

      Joe,
      Yes, it does not make sense to me either, I have been fully invested from 2000-2008 so i dont look for buying opps. Tough to see my Junior portfolio down 50% in 3 months however, Many don’t realize that to re-coup, one must then double up! trod carefully.
      Bobby

        May 09, 2012 09:39 PM

        Bobby,
        I recomend to stay clear of explores, stick with producer or very very soon to be.
        The reason is because people believe that by the time they produce there will be a big correction. It makes no sense to buy something that will produce after the correction added to that in normal times during the cycle of a mine the stock goes down after the discoveries. I do not know if I would sell what you have but do not buy anymore explorers unless the are dirt cheap and have no where else to go but up.
        Google: cycle of a mine
        Thank you Joe

          May 09, 2012 09:26 PM

          Joe, once i make by decision to buy, i am in for the long haul, boom or bust, so to speak. I majors are now paying dividents, the “year of the JR” never did come, so either the company will be taken over or go broke. When they do go down, and get taken over at a 35% premium it hurts. I am now hoping for them to recoup prior to takeover or maybe a discovery that will be sought after. Have been up and down many times in the past 12 years, this week has shaken out many of the weak hands and not committed, perhap today was the turnaround day or maybe we should have sold in May and gone away. time will tell.
          good luck,
          bobby

            May 09, 2012 09:13 PM

            Yep Bobby,

            The only thing that I personally am sure of is that eventually it all comes back. I have seen that happen too many times.

            Stay frosty my friend,

            Big Al

          May 09, 2012 09:12 PM

          HI Joseph,

          I disagree. I think that there are some great potential, notice I said potential, opportunities in the exploration sector.

          Big Al

        May 09, 2012 09:11 PM

        HI Bobby,

        I am somewhat better off than that.

        The reason is that I am very careful and only invest in situations that I truly believe in. I take almost no advice from anyone else.

        Big Al

          May 10, 2012 10:49 AM

          Al, that’s why many count on you for insight. Not everyone has the resourses that you do to make informed decisions. I personally thank you for that.

    May 09, 2012 09:03 PM

    Watch this video Peter Grandich posted it will make you cry unless you have no heart and will make you appreciate what you have.
    http://www.godvine.com/Boy-with-Cancer-Sings-Jesus-Loves-the-Little-Children-1479.html

    I woulfd like to add the following

    The thought that this innocent child in the arms of the Lord forever
    is the only thing that brings hope and joy at a time of utmost sadness
    What true belief do evolutionist have to offer at a time like this

    I believe that vaccines are the cause for babies, toddlers and children getting cancer
    Yet Big Pharma (Medical Mafia I call them) fight tooth and nail avoiding the subject and pointing the finger
    This is one the biggest conspiracy next to the devil does not exist
    Market manipulation is insignificant compared to this

    I have two children and would rather go to jail or leave the country before injecting them with carcinogens

    Thank you Lord Bless Joe

      May 09, 2012 09:15 PM

      Joesph, being careful and trusting the Lord is absolutely the only way to live!

      I personally try very hard to do just that,

      Big Al

        Feb 02, 2014 02:36 PM

        Hmmm, my first comment was “ignore it”. A 5 year old can’t diitsnguish between different kinds of love, and talking to him about it more (especially when it’s super duper secret) may embarass him. On the comment made by sister, well, sisters and brothers say things to each other that they would NEVER say to other people. But then I thought a little more… And little dude definitely needs to know that you love him and that he can talk to you – even super duper secrets – and be accepted and validated. I know siblings share a secial bond, but Mom and Dad need to have open communications with the kids too. And big sis is old enough now to know that throwing around derogatory comments is not OK. Because while she probably wouldn’t say anything mean to other kids, you don’t want her to get into the habit of saying things like “you’re gay” in a joking or mocking way – you know, like a lot of *us* used to do when we were kids. So I really do think that two separate conversations are in order. Good luck and let us know how you handled it. I don’t look forward to these days.

    Tex
    May 10, 2012 10:58 AM
    Tex
    May 10, 2012 10:41 AM

    and could this be a “BLACK SWAN”?

    http://www.debka.com/article/21989/

    May 10, 2012 10:17 AM

    HI TEX …..”THEY” kept that very quiet.