Weekend Show – Sat 7 Jul, 2012

This week we discuss investing and economics

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Believe it or not, we don’t discuss politics much!

In this show Al discusses:



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Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

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Featuring:
Al KorelinRon HeraLarry ReaughPeter GrandichEllis MartinPaul Mladjenovic
Jim LeTourneauRoger WiegandKevin Hudak
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Comments:
  1. On July 7, 2012 at 6:47 am,
    Karen says:

    Good morning Al,
    Excellent segment with Ellis and Paul. Freedom is the focal point of why we must defeat Obama and his radical agenda. Dictator Obama has continually gone against the will of the people. Obama Care and Cap and trade were designed to gut the country of its wealth and liberties. His hope and change of redistribution of wealth must be stopped. Romney will repeal Obama care and many of the regulation that stand in the way of job growth.

    • On July 7, 2012 at 7:51 am,
      Bobby says:

      LOL

    • On July 7, 2012 at 9:08 am,
      Big Al says:

      HI Karen and Bobby,

      You know it’s kind of funny, but Obamacare makes a bit of sense. What makes absolutely no sense to me is that it is mandated. I would be all for it if it were an issue that was on the ballot and the majority voted for it.

      Since that is not the case, I certainly cannot support it.

      I don’t like the government telling me what to do.

      You two have some great input. Thank you.

      Big Al

      • On July 7, 2012 at 9:30 am,
        Karen says:

        Al,
        How exactly does obamacare make sense to you????? The bill is over 2000 pages and does nothing but dictate every aspect of your life to be determined by the health and human services dictator. On top of that, there will be 16000 IRS agents to make sure you follow the rules.

        • On July 7, 2012 at 11:19 am,
          Big Al says:

          HI Karen,

          Okay, perhaps I spoke too soon.

          What makes sense to me is that if people want to opt into it why not let them? It is a free country after all. Would I personally opt into it? No, I am just fine where I am.

          You folks are really keeping me on my toes! Thank you.

          Big Al

          • On July 7, 2012 at 11:23 am,
            Bobby says:

            Exactly!

        • On July 7, 2012 at 11:21 am,
          Bobby says:

          Unfortunately this bill was passed thru the legislature and upheld by the highest court in the nation. This is the way our government “by the people” works.

          • On July 7, 2012 at 11:23 am,
            Big Al says:

            Morning Bobby,

            I simply DO NOT DISAGREE WITH YOU

            Big Al

      • On July 7, 2012 at 10:34 am,
        Vortex says:

        My goodness Al, You think that me and every other American that works our *** off everyday to make ends meet should be subject to being fined and forced through the tyrannical IRS arm of the nation state mafia apparatus to pay money to a socialist health care agenda.

        Quite frankly, respectfully I think you’ve lost your mind. People just don’t get whats happening.

        Oh well I’m not sure why I even care anymore.

        • On July 7, 2012 at 11:08 am,
          Big Al says:

          Hi Vortex,

          Of course I don’t think that at all.

          My comment, perhaps stated badly, is that if people want to opt into the Obamacare system let them. My comment about an election was not well stated.

          I said, I DON’T LIKE THE FACT THAT BIG GOVT. HAS FORCED IT ON US.

          Big Al

          • On July 7, 2012 at 11:25 am,
            Vortex says:

            Big Al,

            My thesis is we the people should not have to subjected to even discussing such an monsterous, unfair and unconstitutional ruling. The government has no business interjecting taxation laws in healthcare or 10,000 other stupid area’s of encroachment.

            But leave it up to the Repub’s and Dem’s to break or screw up everything that’s not broken or screwed up already. That you can take to your grave.

            V

          • On July 7, 2012 at 4:37 pm,
            Big Al says:

            Correct me if I am wrong, but I believe that you have a problem with the fact that the government says that people have to do it.

            If that is where you are coming from, and I believe that it is, I agree with you completely.

            Big Al

  2. On July 7, 2012 at 7:54 am,
    Bobby says:

    BTW, has any other president tried to tackle the health care affordability in this country? Just wait until you and all your employees hit 55 Karen (do you own your own business?)

    • On July 7, 2012 at 9:06 am,
      Matt R. says:

      This bill does nothing to make healthcare cost less. So why do you put your faith in a narcissistic community organizer with no experience in the real world?

      • On July 7, 2012 at 9:09 am,
        Big Al says:

        Morning Matt,

        I am curious as to what you think about my response to Karen and Bobby.

        Best,

        Big Al

      • On July 7, 2012 at 11:20 am,
        Big Al says:

        HI Matt,

        When did I ever say that I did put faith in the president?

        Big Al

        • On July 7, 2012 at 12:50 pm,
          Matt R. says:

          My response was to Bobby. I know how you feel. :)

      • On July 7, 2012 at 11:25 am,
        Bobby says:

        Matt,
        My faith is in God alone. Be assured that He is in control.

        • On July 7, 2012 at 4:36 pm,
          Big Al says:

          Of course He is, Bobby!

          Big Al

        • On July 8, 2012 at 4:30 am,
          Dennis Brophy says:

          Hi Bobby, I have a friend that was in the Navy inWWII for three years in the Pacific theater and not being a Christian though he`s a very good man from Christian upbringing saw 1st hand God`s handy work as to what you say `that God is in control` well after seeing all that carnage he was a bit taken back at what people say that an orderly God of love and justice would have permited such on human life…. Isaiah 5:20) Woe unto them that call evil good, and good evil; that put darkness for light, and bitter for sweet, and sweet for bitter ! 6-28-2012 could this be another Pearl Harbor Day for our nation or what ? A 5-4 majority of the supreme court – the body the Framers of the Constitution created to protect the citizenry from tyranny – has chosen to join infamous courts of the past, such as the Taney Court that made the Dred Scott vs Sanford decision finding that slaves had no rights and the Fuller Court that ruled to institutionalize Jim Crow discrimination in Plessy vs Fergusion in stripping Americans of their freedom. These infamous decisions were eventually reversed, as Obamacare should be. Though I`m for Ron Paul, its what he stands for will march on and on as time goes by – if its not Ron Paul but Romney as the GOP after August Convention it will be that Romney will get my vote to get rid of Obama. I`d rather have a Capitalist in the White House than a Communist/Socialist one world big government Obama. As to who`s in control is who we each have on our own throne of our lives that we each hold to be true to our heart.

    • On July 7, 2012 at 9:26 am,
      Karen says:

      Bobby,
      The government should not be involved with health care, the car industry, the solar industry or any other business. The purpose of government is to protect our freedoms not tells us what we should buy and not tell doctors what care their patients should and should not receive. Read the constitution.

      • On July 7, 2012 at 11:16 am,
        Bobby says:

        Karen,
        I am not disagreeing with you. The president is elected by the people (somewhat, or course Bush Jr was not), I beleive that the president is our representative, along with the congress, senate, and supreme court to govern the country and that we should allow them to do their jobs, if the people are not satisfied with how they did, vote them out. I did not vote for Obama, nor will I vote for him in the future, but I am called to respect him and honor him and let him do his job to the best of his ability.

        • On July 7, 2012 at 12:53 pm,
          Matt R. says:

          Sorry, Bobby, but there is a huge disconnect between elected officials and the people. And we are all paying a steep price for their incompetence!

          • On July 7, 2012 at 3:12 pm,
            Bobby says:

            Matt R, I agree, so what is ;your solution?

          • On July 7, 2012 at 5:27 pm,
            Matt R. says:

            My solution is similar to the one Jeff Deist offered on the program a couple of weeks back. It all involves a real free market in health care, not the crony capitalist one we have now. We also need to focus on wellness and prevention, not treating symptoms.

          • On July 8, 2012 at 4:00 am,
            Bobby says:

            matt, I agree, that is why i am casting my vote for RP.

      • On July 7, 2012 at 11:20 am,
        Big Al says:

        Karen,

        I COMPLETELY AGREE WITH WHAT YOU ARE SAYING.

        Big Al

      • On July 7, 2012 at 11:45 am,
        Bobby says:

        Karen, I think healthcare is part of “promoting the general welfare” maybe I am wrong.
        We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.

        • On July 7, 2012 at 12:51 pm,
          Matt R. says:

          No, that isn’t correct. It’s been made to seem that way, however.

        • On July 7, 2012 at 4:39 pm,
          Big Al says:

          But, Bobby, does the govt have the right to tell people what the general welfare is? I don’t believe it does!

          Big Al

          • On July 8, 2012 at 4:01 am,
            Bobby says:

            no, you are correct, Al

  3. On July 7, 2012 at 8:25 am,
    Bob S says:

    With the ECB, UK and Peoples Bank of China all instigating MORE monetary and/or quantitative easing, currency devaluation is happening. Gold sells off because the Euro falls as a result of the ECB decision then we should expect gold to run if the FED makes a similar announcement. Jobs report was bleak, inflation is tame. QE’s looking good or at least better than it was before.

    • On July 7, 2012 at 9:12 am,
      Big Al says:

      Morning Bob S,

      I could not agree with you more and that is why I am a mid to long term bull when it comes to gold.

      Big Al

  4. On July 7, 2012 at 11:41 am,
    scott says:

    I am still underwater by 10% on my large investment in BP british pete. i am holding on as they have great fields, growing prospects, and a generous dividend. I also am [for third time ] invested in Apache APA. I made very good money on this one in the past 5 years. I am 20% below my buy price, but this has happened before , as they produce about 25% of earnings in Eygpt [west near Lybian border] . yes some political risk new gov. in Egypt. I believe the new gov. will be content for now with thier share of earnings. two years from now i am not sure. new spike in oil should happen in next 6 months may raise APA back above 110. I like management. good luck S

    • On July 7, 2012 at 4:38 pm,
      Big Al says:

      Hi Scott,

      What do you think about Jim Letourneau’s comments re: oil?

      Big al

  5. On July 7, 2012 at 12:04 pm,
    Marc says:

    Here is some inspiration for you guys – courtesy of that gentleman – Jim Sinclair!
    http://www.jsmineset.com/
    The fabled story of the mighty B-17 “666″
    Marc

  6. On July 7, 2012 at 1:03 pm,
    Greg says:

    Big al et al. Approx what does a couple pay per month for healthcare in the united states and do deductibles apply for doctor visits, prescriptions, etc.thanks and all the best. This site is truly awesome

    • On July 7, 2012 at 2:29 pm,
      Karen says:

      Hi Greg,
      It really depends on your plan. I would say around $400. Deductibles will influence the cost. The bigger deductible the less it will cost monthly.

      • On July 7, 2012 at 3:16 pm,
        Bobby says:

        Greg, at 61 i paid $1500.00/ mo with a $5000.00 deductable for an HMO plan, this covered my wife an myself in a small group thru my corporation. Due to prior health issues (cancer) a private plan would have been closer to double if a company wanted to take on the risk.

    • On July 7, 2012 at 4:41 pm,
      Big Al says:

      Hi Greg,

      I only know what my wife and I pay. I am 68 and she is 62. I pay about $400/month for everything including dental, prescriptions, etc. Kathy’s will be a bit less, I believe when she retires.

      Big Al

      • On July 8, 2012 at 4:03 am,
        Bobby says:

        Al, are you referring to a medicare suppliment policy?

  7. On July 7, 2012 at 1:31 pm,
    Marc says:

    Big Al,
    SWITZERLAND IGNORES THE U.S.A. AND SAYS THAT THEY WILL NOT…WILL NOT PARTICIPATE ON THE IRANIAN SANCTIONS! WOW….WOW. The world is REALLY getting interesting.
    Marc

    • On July 7, 2012 at 1:32 pm,
      Marc says:

      i.e. They WILL continue to buy oil from Iran…….

    • On July 7, 2012 at 4:42 pm,
      Big Al says:

      Almost as interesting as the game coming up on Sept. 1st but not quite!

      Big Al

  8. On July 7, 2012 at 2:03 pm,
    Marc says:

    One last note on the Swiss. Actually, we really shouldn’t be surprised by this. The Swiss, looking at world history, have been extremely independent in global geopolitics. I guess, what I am really referring to is making a stand against the petro dollar – which we all know it the economic engine of the past global influence of countries decision making process. It is more of a reiteration of their defiance of being manipulated by US global predominance. It says a lot about where tensions are headed! The water in the global melting pot is beginning to boil.
    Marc

    • On July 7, 2012 at 4:43 pm,
      Big Al says:

      No, Marc, it started boiling a while back!

      Big Al

      • On July 7, 2012 at 5:22 pm,
        Marc says:

        yep…!

  9. On July 7, 2012 at 5:37 pm,
    Conservative Canuck says:

    Trader Rog, and possibly Al, what is happening sept. 25-28 that could cause the market to drop 38-50% ? I assume gold and silver stocks could also take a hit at that time at least initially!? If anyone else wants to speak up I welcome it.

  10. On July 8, 2012 at 8:10 am,
    Bart says:

    Canuck, I, too am worries about my gold and silver stocks in the September scenario. Even more, I’m worried about them in the weeks ahead, starting tomorrow. A case appears to be arising that the dollar is in a new uptrend, and that gold, inversely, is dropping into an intermediate downtrend. I’m beginning to suspect that gold and the related miners (including silver), will be rangebound or in a bear market until after the August conventions, at the very EARLIEST. It’s hard to believe that the Fed won’t initiate any new QE later this summer or before the elections, but Bernanke’s stubbornness to pull the trigger on QE3 seems to be unshakeable. I won’t be surprised to see gold drop below $1547 and GDX to drop below $42.60 in the next week or so. And if that happens, our sector is no doubt in a bear market. I’m seriously considering selling all my positions and going to cash and waiting on the sidelines during the weeks ahead. My thoughts are that gold will stay below 1640 for the rest of the summer, and probably until before the elections. The gold sector is getting too crazy for me at the moment. Unless there is a clear bottom in gold that forms, I feel best about staying out of this game.

  11. On July 8, 2012 at 11:29 am,
    Tex says:

    REVIEW OF THE WEEKEND SHOW (segment by segment):

    Segment 1 – Al opens the show with Ron Hera-excellent and thoughtful discussion.
    Segment 2 – President and CEO Larry Reaugh discusses American Manganese-highly informative though it would be interesting to hear how AM will deal with the low grade of their deposit.
    Segment 3 – Al and Peter Grandich discuss politics-excellent and thoughtful discussion.
    Segment 4 – Al, Ellis Martin and Paul Mladjenovic discuss freedom and economics-excellent and thoughtful discussions.
    Segment 5 – Jim Letourneau discusses investing in energy issues-mediocre discussion.
    Segment 6 – Trader Rog discusses the companies he follows in Trader Tracks-excellent info from the SAGE.
    Segmetn 7 – Keven Hudak discusses resource investing from the prospective of a stockbroker-excellent and thoughtful discussion
    Segment 8 – Trader Rog and Big Al wrap up the week-excellent and thoughtful discussion.

    SO…overall one of the best shows of the summer so far. Hearing more from Mr Hera, Mr Hudak, and of course from Mr Grandich (who is almost a regular as well as a most genuine and thoughtful person) in the future would be great. Mr Martin and Mr Mladjenovic added greatly to the show and I hope to hear from them again (Does Mr Mladjenovic find it ironic that Communism has followed him across the Atlantic?)….and of course the show would not be ‘the show” without the SAGE. Thanks BIg Al…..your efforts get better and better…..