Kitco Radio – Wed 27 Jun, 2012

A specific prediction from Trader Rog

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Featuring:
Al KorelinRoger Wiegand

Comments:
  1. On June 27, 2012 at 10:11 am,
    Marc says:

    Big Al and all,
    Rye Patch just had a nice e-mail sent to me via Casey Research…..looks like their drill results were very positive!
    Marc

    • On June 27, 2012 at 10:51 am,
      Big Al says:

      Hi Marc,

      I contacted Karen at the company, as promised, yesterday. Bill will be on the Weekend Edition.

      Best,

      Big Al

  2. On June 27, 2012 at 10:16 am,
    Marc says:

    BTW,
    Here is an excellent article – detailed primer – on the “nuts and bolts” of our paper ponzi scheme on where money comes from with respect to the Federal Reserve and our US government. A MUST READ to understand the foundation of why gold and silver is the only answer to honestly “anchoring” any financial network of goods and services. Again, IMHO, a must read!
    http://theeconomiccollapseblog.com/archives/where-does-money-come-from-the-giant-federal-reserve-scam-that-most-americans-do-not-understand.
    All the best,
    Marc

    • On June 27, 2012 at 10:51 am,
      Big Al says:

      Soon as I get back to the studio, I will read it.

      Big Al

  3. On June 27, 2012 at 10:28 am,
    Dai Uy says:

    An interesting article this morning on how Yamana purchased a 3 billion dollar asset from Extorre for 400 million. I can’t believe that Yamana would purchase unless they had absolute iron clad agreements written in stone with Argentina.

    • On June 27, 2012 at 10:52 am,
      Big Al says:

      I would agree with you Dai Uy,

      Big Dawg

      • On June 27, 2012 at 11:33 am,
        Jed Davis says:

        I do not believe Argentina would ever nationalize Extorre or any other mining company unless they got a nut in office. They need the foreign investment, expertise and jobs. Chile learned the hard way.

        • On June 27, 2012 at 8:41 pm,
          Big Al says:

          I feel exactly the same way, Jed.

          Big Al

  4. On June 27, 2012 at 11:02 am,
    Clay says:

    It is common to have unsound currency, unsound markets and unsound government all at the same time, but the question is how do we go from unsound conditions to a productive and sustainable economy? In other words which comes first, unsound money or unsound government, and in reverse which is possible to come first sound money or sound government?

    • On June 27, 2012 at 8:41 pm,
      Big Al says:

      Man, in this insane world who knows!

      Big Al

  5. On June 27, 2012 at 11:52 am,
    Irwin says:

    I like this guy more every day.

    Quoting Jim Sinclair:

    “Your geniuses are not that intelligent. They have no clue of the impact of currency induced cost push inflation. Thanks, but I do not need your lesson on Velocity of Money. It has been well considered and researched in past situation of similar occurrences.

    “I got lesson on Velocity of Money many decades ago from the Chicago School. Don’t p— off old guys who are widowers as we have nothing to risk. Stay with your historian that used the gold gang for his own purposes, and now is kissing the — of who he next wants a favor from.

    “By the time your beloved chart shows you the spike the entire event will be over and you will find yourself in a strange new world you do not understand.”

    http://www.jsmineset.com/2012/06/27/jims-mailbox-971/

    • On June 27, 2012 at 12:06 pm,
      Marc says:

      So do I….he is REQUIRED reading everyday that I follow this market! Of course, right BEHIND Big Al, and company!
      Marc

    • On June 27, 2012 at 2:31 pm,
      Bobby says:

      I too like Sinclair and own a ton of his company. However, I also like Armstrong, the one who he is attacking. I think Armstrong makes a strong case against hyperinflation in his newsletter and interview with Jim Puplava. Again, two very well respected economic gurus and odds with each other….. I dont really think anyone knows for sure.
      Bobby

      • On June 27, 2012 at 8:43 pm,
        Big Al says:

        That is a great comment, Bobby, Really, my friend, who knows for sure?

        Big Al

    • On June 27, 2012 at 8:42 pm,
      Big Al says:

      Hi Irwin,

      Jim is a very bright man.

      Big Al

  6. On June 27, 2012 at 12:57 pm,
    Dennis M. O'Neil says:

    Although your referenced healthcare result is possible it would be an outrage if it did. If they repeal any part of the law the whole thing should collapse as the 2000 page law lacks a severability clause. How a 2000 page law could lack a boilerplate savings clause could only be done on purpose. It is as if the drafting Congress said to the Court strike it down completely or leave it alone entirely.
    The Court could use their authority an line item repeal things that they find offensive constitutionally, however to do so is very problematic.
    If the mandate provision is rightfully struck down the funding mechanism and all the CBO scoring which was conducted in the run up to the vote is destroyed.
    We would then be governed by the residue of a law which the costs of was crucial to the vote but which due to the mandate being remove said law becomes dramatically more expensive.
    It would be like the board of a company voting to remove the cash registers from the company retail outlets and carrying on all other aspects of their business as they did prior.
    If you think about it in a selfish way……such an obscene result would be good for Gold.
    I think the mandate is tossed out 5-4 and the Court further finds because of the lack of a severability clause the whole law is repealed……tossing it back to the existing Congress to replace the funding mechanism. Which today’s congress will not…making Nancy Pelosi cry.

    • On June 27, 2012 at 8:45 pm,
      Big Al says:

      HI Dennis M,

      I agree with you completely. We CANNOT AFFORD this ploy to get votes! Our country is B-R-O-K-E.

      Big Al

    • On August 27, 2012 at 12:05 am,
      Alena says:

      FANTASTIC EFFORT!!! That takes AGES I usually try and check on the blogs of the pelpoe who comment on mine as well as the 5 above, 5 below me in Mr Linky (if I have lots of time or am procrastinating I might do 10 above, 10 below). Even that alone is a good half day wiped out. ITs worth it though, I find reading others blogs very motivational.I like your tips for other bloggers I’ve written comments and found I cant post them because of tight security bummer. Right, have a FANTASTIC weekend and thanks for the comments on my blog.

  7. On June 27, 2012 at 3:16 pm,
    benb says:

    One of Rep. Ron Paul’s (R-TX) lifelong policy goals is on the brink of becoming a reality.

    In a nearly unanimous voice vote on Wednesday, the House Oversight Committee approved a bill that would require the U.S. Federal Reserve to conduct a first-ever complete audit of its books and divulge details about its monetary policy discussions. The bill is expected to be taken up by the full House of Representatives sometime next month.

    Paul, a longtime critic of the Fed and fiat currencies in general, had previously supported an audit that became part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. That audit required the Fed to disclose its lending practices during the 2008 financial crisis, revealing that the bank doled out more than $16 trillion in loans and assets swaps to financial institutions all over the world in an effort to stabilize global markets and keep credit flowing.

    Paul, however, felt that the audit which ultimate cleared the U.S. Senate was a stripped down version of what he believes is needed, and most of his colleagues now agree. His bill has garnered an impressive bipartisan coalition of more than 257 co-sponsors — more than half the House — giving it enough votes to pass.

    The Senate version, introduced by Paul’s son Rand (R-KY), faces a tougher road. All of its 20 co-sponsors are Republican, and it has been stuck in the Senate Committee on Banking, Housing, and Urban Affairs, which is chaired by Sen. Tim Johnson (D-SD). He has not said whether the bill will be marked-up for debate.
    ——

    I just thought this was interesting. It is from “Raw Story” and I found it on the Max Keiser site.

    • On June 27, 2012 at 4:15 pm,
      John W. Robertson says:

      Ya see? One need not be elected El Presidente to make a difference. I sure hope that story is accurate. There’s no way the Fed can be audited and a person not think of Ron Paul.

      • On June 27, 2012 at 5:10 pm,
        benb says:

        Hi John
        I hope its accurate too, i googled RP and found the same story tho. RP is not going to stop from what I read, He is obviously after liberty for the american people. Well, he is the guy that has the best chance, and I believe he knows it.

        • On June 27, 2012 at 8:47 pm,
          Big Al says:

          Ron Paul will go down in history as a true American HERO!

          Big Al

      • On June 27, 2012 at 8:46 pm,
        Big Al says:

        Amen, John W, amen.

        Big Al

    • On June 27, 2012 at 8:46 pm,
      Big Al says:

      Thanks benb,

      Big Al

    • On August 26, 2012 at 11:38 pm,
      Deepika says:

      It’s a shame you don’t have a donate buottn! I’d definitely donate to this brilliant blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this site with my Facebook group. Talk soon!

      • On August 27, 2012 at 1:55 pm,
        Big Al says:

        I am not doing this for the money, Deepika.

        Thank you for your kind words.

        Big Al

  8. On June 27, 2012 at 4:23 pm,
    Marc says:

    Big Al, and all -
    Here is one more (sorry!) MUST READ from that PHD in statistics……Jim Willie CB from Golden Jackass…warning….it is very long but excellent…that describes most ALL the different factors in the macro-economic world today that are playing out with extreme consequences on the other side of perdition (I like that word, initiated into our conversations compliments of TR). It is an amazing piece and I think…DEMANDS our attention! So, without further ado……
    http://news.goldseek.com/GoldenJackass/1340820786.php
    GO JIM WILLE!
    All the best,
    Marc

    • On June 27, 2012 at 8:48 pm,
      Big Al says:

      Thanks Marc,

      I know Jim and he is a very interesting man.

      Big Al

  9. On June 27, 2012 at 7:39 pm,
    Matt says:

    Armstrong suffered injuries in custody and may have been compromised himself intellectually to secure freedom.
    I would go with Jim and his record.

    • On June 27, 2012 at 8:49 pm,
      Big Al says:

      Hi Matt,

      Injuries in custody?

      Big Al

  10. On June 28, 2012 at 3:12 am,
    Bobby says:

    Martin has a new book coming out, he might be available for an interview.

  11. On June 29, 2012 at 7:37 am,
    traderrog says:

    Our forecast for a gold and silver rally was two days early but is started on this Friday morning. The health care nonsense with phony news on a European Bailout interrupted the REAL TRADERS who are now getting busy and are back at work
    Traderrog.