Market Trends – Mon 6 Aug, 2012

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Featuring:
Roger Wiegand

Comments:
  1. On August 6, 2012 at 11:14 am,
    Ricky Lee says:

    I agree with you Roger, I see the trend line after the labor day! Sept 5-6 +- or – for PM. I also see the Oil/Gold/Silver/Copper pair up in price then. The lid will begin to blow off. From this point in time I see 2000 Gold+ for new highs ending in mid Jan 2013 and fall again to re group! Time will tell…… Hi Al…… RL

  2. On August 6, 2012 at 11:31 am,
    Bobby says:

    One thing I now realize is, I sure am glad that I am not a trader…..even if the buy and hold strategy that I use, has been poor to rotten the past 18 months.
    Thanks for your insights TR.

    Bobby

    • On August 6, 2012 at 11:57 am,
      Big Al says:

      Morning Bobby,

      I really never have been a trader. Buy and hold makes sense assuming you and I do know when to get out!

      Big Al

      • On August 6, 2012 at 3:14 pm,
        Jerry O^OTB says:

        DITTO….BIG AL……

  3. On August 6, 2012 at 11:41 am,
    James says:

    New documentary on financial situation with eric sprott,bill murphy, jim rickards, james turk etc

    http://muvi.es/w1660/45482
    Wall street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone’s lips: Is the financial crisis over, or are we headed towards economic disaster?

    End of the Road is a 55 minute documentary film that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WWII, to the current troubles facing us today, and to the possible future that may await us all. Some of the world’s top economic minds share the hidden tale behind the mishandling of the world’s finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe.

    • On August 6, 2012 at 11:56 am,
      Big Al says:

      Thanks for the link James. I will watch when I get back later today.

      Best,

      Big Al

  4. On August 6, 2012 at 11:42 am,
    Vortex says:

    Martin Armstrong’s Latest, People vs. Banks

    A few snippets.

    The US will go into an economic decline since the bankers are insisting upon higher taxes and their spokesman is Buffett. They are advising for massive deflation to save their bond holdings. We will see taxes explode next year. The bipartisan committee of course could not reach any agreement on cuts so they go into automatic mode next year. State and local governments are told if they want to borrow, they too have to raise taxes. The bankers are taking their pound of flesh.

    The economy is overburdened with debt obligations that cannot be repaid. We have reached the point where we NEED monetary reform and debt restructuring. Global leaders will never recognize the necessity because they are career politicians firmly in the hands of the bankers. The nightmare we face is that global leaders will deny the necessity for a world economic summit and bring Western Society to the brink of total disaster. This is a systemic economic meltdown. We lack politicians who are not in the back pocket of bankers. Democracy has been reduced to a joke.

    Governments are out of control. This is the worst possible outcome we face globally. The United States has lowered the $10,000 reporting on the movement of cash to $3,000. They are going to cause a worldwide economic implosion of untold proportion. They are now trying to criminalize natural human behavior of protection ones self-interest from basically thugs.

    The economy is becoming so dangerous on a global scale and we are on the verge of a real economic implosion.

    • On August 6, 2012 at 11:55 am,
      Big Al says:

      Morning V,

      Regarding the reduction from $10K to $3K, I have not heard that one.

      Regarding “real economic implosion”, that is certainly possible.

      Best,

      Big Al

      • On August 6, 2012 at 3:19 pm,
        Jerry O^OTB says:

        I guess you will have to make more trips to the bank….and get several accounts…..

        • On August 6, 2012 at 4:00 pm,
          impeachemall says:

          Wait till moving more than 16 fl.oz. of liquid Tide becomes a crime….

        • On August 6, 2012 at 6:42 pm,
          Marc says:

          Yep…Jerry a big YEP!

  5. On August 6, 2012 at 2:06 pm,
    Vortex says:

    Howdy Big Al,

    Yes, the $3,000 threshhold reporting amount was slipped into the usual legislation as part of a rider. Just as most all new laws that kill freedom, liberty and privacy.

    Before this economic debacle has run it’s course we and businesses alike will likely have to report all cash transactions in any amount. Thats where this is headed.

    ZERO PRIVACY. The only privacy you will have will be your own thought’s.

    V

  6. On August 6, 2012 at 6:40 pm,
    Shawn says:

    Who Is This Guy, I dare you to read onhttp://www.theblaze.com/contributions/obama’s-college-classmate-the-obama-scandal-is-at-columbia/

    • On August 6, 2012 at 7:13 pm,
      Big Al says:

      Just printed it out, Shawn. Thanks

      Big Al

    • On August 6, 2012 at 7:17 pm,
      Jerry O^OTB says:

      WHAT DID OBAMA DO……STEAL SOMEONES GRADES , WITH THE NAME BARRY…

      • On August 7, 2012 at 8:03 am,
        Big Al says:

        Morning In the Box,

        This situation is now reported on Drudge.

        Will be very interesting to see how it is handled by the administration.

        Big Al

    • On August 6, 2012 at 8:12 pm,
      Shawn says:

      The best defence is a good offense!

      • On August 7, 2012 at 8:04 am,
        Big Al says:

        Told you it would be a very interesting election.

        We ain’t seen anything yet!

        Big Al

  7. On August 7, 2012 at 11:44 am,
    roger wiegand says:

    Al: roger saw the $3,000 reporting change about 3 days agos. Vortex is correct on this one. Now is the time to pressure toward hard assets as fast as reasonably possible Traderrog