Watch Al discuss his views of the Market and resources on BNN from New York City.
Good action in the price of gold. The more market manipulation ,and the more people selling it ,reflects just what will happen when this finally bottoms out, and the ensuing panic to surge back in. Hold on to anything that involves precious metals, irregardless of widespread market sell offs. We are only a year or two ,in my opinion to that disastor ,being the U.S. debt ” spore”germinating a new, ugly future.
Morning the other,
My thoughts exactly. Let’s see if we are correct!
Hey Big Al,
Great job…where was your HUSKIES sweater or at least, a tie! Ha!
All the best,
Dont worry, I will keep Irish and Jerry off your back for you while your cruisin the media gigs.
Not a chance keeping In the Box and Mr. Irish of my back. You know in light of their episode in Las Vegas, you do need to do that!
IF IRISH AND I , KEEP OFF HIS BACK….THE RATINGS WILL GO DOWN, AND WE WILL
LOSE LISTENER, AND, WHAT WILL I DO FOR A HOBBY….
And what would we all do for a chuckle!
Buffett telling everyone gold has no utility – seel your gold. Now Jim Rogers is saying gold could go down 40-50% – sell your gold. Interesting. Why are they so vocal? could it be they want to snatch up even more? Greece is about to leave the euro. Runs on Eurozone banks happenning. Hold gold!
Given the bank runs in Greece, tomorrow could be a very interesting day in the gold markets!
JPM, 4.2B loss in dirivatives is just the tip of the iceberg. JPM and 5 other major US banks hold roughly 200 Trillion (whatever that is???) or 3x the world debt, so when that begin to collape I wonder if people will continue running to the dollar or will they finally turn to gold and silver. In this sharecroppers opinion, it seems much, much sooner than any of us expect! It isn’t easy watching my gold stocks going south, along with my bullion, but I see no other course of action. Al, the best thing you could ever do for us is to keep us informed and updated with the miners. I’m not a doomsday guy, but the sky is awfully black at the moment.
If you at the course of history, as I stated many times in the past, there are SIGNPOSTS along the way to a major event, that is sometimes “earth changing” but all the time DEFINITIVE! JPM’s gross malfeasance of their business dealings is just a ANOTHER piece of the puzzle that looks VERY OMINOUS! Then when things really SHTF times come -”everybody” will say: I DIDN’T SEE THIS COMING! c”mon now REALLY!!!!!!!!
GOT GOLD AND SILVER….AND FOOD STORAGE, WATER, A GARDEN?….ARE YOU SELF-SUSTANING…ALMOST OUT OF THE BANKING SYSTEM?….ARE YOU???
All the best,
As much as I can be, Marc!
Absolutely right Marc,
MF Global and now JPM Chase. The Derivative ‘chickens’ are ‘coming home to roost’. As these are visable cracks in the armor, look out. Events are beginning to precipitate with greater frequency and regularity. The storm clouds gather……
Doing the best I can for all of our sakes Wyn!
Great post! You are correct I believe. Sorry, I kind of repeated what you said in my post below. Should have read yours first and saved myself the trouble of sounding repetitive.
End of story….doom and gloomer? No, I am a spiritual and economic realist!
BTW…AM SURPRISED YOUR SPIRITUAL AND ECONOMIC REALISM HASN’T SETOFF AN ALARM! I AGREE WITH MARC. BE A LITTLE PREPARED, SAY, AT LEAST 90 DAYS. THE RUDE AWAKENING WILL HAPPEN SO QUICKLY PEOPLE WILL HAVE LITTLE OR NO CHANCE TO PREPARE. THE ECONOMIC SYSTEM IS SO BROKEN IT WILL BE NEARLY IMPOSSIBLE TO REPAIR, AT LEAST NOT IN THE NEXT 10 YEARS. SO, DON’T TAKE THIS SO LIGHTLY, IT IS VERY REAL.
I am with you Wyn!
Yes, Wyn. Don’t go over board…just prepare accordingly.
All the best,
You do a great job Al, as well as Roger. Thanks.