Segment 1:
I believe Mr. Grandich was correct in saying a Romney win means that Bernanke would not be re-appointed. However, I feel he failed to follow through with thinking about any new appointment. No matter who is appointed as head of the Fed, QE HAS TO BE CONTINUED to keep interest rates low. because the US cannot afford interest rates to go up. The rest of the FOMC committee is fully aware of the problem.

Part of the problem in Europe was that if you spent money on infrastructure then much of that would be reimbursed from central EU coffers. Many of the new highways and rail and port structures have been rebuilt from central not country funds. Some of the american readers of this blog probably never leave north america, but if you have been to the caribbean island of St. Martin, the port for cruise ship at the French end of the island was built by funds from the EU. Those funds completely dried up, which left problems…. See:
http://www.telegraph.co.uk/finance/financialcrisis/9573568/Valencia-the-ghost-city-thats-become-a-symbol-of-Spains-spending-woes.html
(I do like the new port at Valencia, though!)

Segment 5:
Chris Temple has not crunched the numbers yet.
It is no longer acceptable to talk in generalities, or look at history for the US.
The US is Greece, hidden behind a smokescreen of money printing.
This time it really is different.

Segment 6:
Good insider data:
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Jun 21/12 Jun 21/12 McLeod, Robert John Direct Ownership Common Shares 10 – Acquisition in the public market 45,000 $0.130
Jun 14/12 Jun 13/12 McLeod, Robert John Direct Ownership Common Shares 90 – Change in the nature of ownership -205,375
May 15/12 May 14/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.170
May 9/12 May 9/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.175
May 3/12 Apr 27/12 Keay, Aaron Direct Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.220
Aug 28/12 Apr 3/12 Sun Valley Gold LLC Control or Direction Warrants 16 – Acquisition under a prospectus exemption 2,500,000
Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Common Shares – Acquisition under a prospectus exemption 5,000,000 $0.340
Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Warrants – Acquisition under a prospectus exemption 2,500,000
Aug 28/12 Apr 3/12 Sun Valley Gold Master Fund, Ltd. Direct Ownership Warrants

[…] Listen […]

Segment 7:
I have to disagree with you Big Al when you say the president is not a terrible human being.
He has put his own re-election a top priority; above doing what is best for the country.
He has lied and been shown to have knowingly lied.
He has blamed everyone except himself for the mess the US is in.
He has repeatedly ignore the constitution e.g. in appointing any number of czars, without confirmation. Making executive orders where and when he feels like it, without consulting Congress according to the Constitution. This is an evil man.
Worse than that HE IS totally INCOMPETENT.

Judge throws out CFTC’s position limits rule

Friday, September 28th
A U.S. judge handed an 11th-hour victory to Wall Street’s biggest commodity traders on Friday, knocking back tough new regulations that would have cracked down on speculation in energy, grain and metal markets.

Judge Robert Wilkins of the U.S. District Court for the District of Columbia threw out the U.S. Commodity Futures Trading Commission’s new position limits rule, and sent the regulation back to the agency for further consideration.

Wilkins ruled that, by law, the CFTC was required to prove that the position limits in commodity markets are necessary to diminish or prevent excessive speculation.

Source: Reuters

My final comment:
We all know that the US is a dying country; not as we knew once to be a great country.
It may still be the best country in the world in which to live, and that is questionable, but it is decaying fast. Of course, it is not solely the fault of the President or even last last few Presidents. It mostly has been a direct result of polarization of the parties in Congress and the failure to work in the best interest of the country.
I remember back to the days when there was rational discussion in between Democrats and Republicans in Congress, back in the days of JFK, LBJ and Nixon. I won’t say I always agreed with the decisions made, but one always had the impression they were trying to do what is best for the country. There were discussions held between the President and the leaders of the parties (BOTH parties) and compromises WERE made in the interest of the country. Now, there is no discussion, no compromises. The President, who believes himself monarch or Emperor, decides what he wants and then figures out how he will push is through. One head is not better than many. But the arrogance, spoiled brat behavior of the president is truly destructive. I cry for the country.
The democrats hatred of business is palpable and yet it is only through business growth by which the country can be saved, if that is still possible. Yes, the crony capitalism of the Bush era should be condemned, but somehow businesses, efficient businesses have to be encouraged to grow the wealth of the country. Whether that is by deregulation or by tax breaks, I do don’t know the exact formula, but the Congress and the President are not even looking for a way to expand business. The Fed is doing what it can, but everyone knows throwing money at a problem is not the best way to solve the problem. It is so sad.

seg l…..Peter G…nice update…..
Concerning Obamer, you guys forget this Pres, has given the muslims a free ticket….foreign policy is not going to change, but, get worse, , this just might be what the controllers want….., War, …..to increase employment, and keep the war machine going.

SEG 3…..if politicans can not do the math as inferred by Walker…I bet, they do not even read the budget report, nor understand debt and credit, …….We know the sheeple does not know anything about credit or debt(household debt)….and the politicans are elected by the sheeple, so, the sheeple and politicans are a reflection of each other…..so, the sheeple with the politicans are going over the cliff……

Al, You are correct, Play the cards you are dealt!.. Peter is a great “arm chair quarterback” Both candidates are “War Mongers” out to support the military industrial complex, world peace is the furthest from their minds. Sorry to be critical of Peter’s speaking but it drives me crazy that he cannot pronounce an “a” at the end of a word, I only mention this in case he does not realize what he is saying.

seg 4….how about David…putting PART TWO ASIAN CRISIS , back on the screen….,I looked for it on youtube, but, am stupid and could not find it, or too lazy to look,please help…..

Bobby…..not pronouning the “a”….allows the rest of the public know what part of the country he is from……plus,this identifies him as long time New Englander…..born and raised and been there forever…..A TRUE AMERICAN, who else whould talk like that….

Seg 2: Al I agree with you point on silver being a good investment, however there becomes a problem once you have accumulated thousands of ounces……it is hard to store, hard to move. Example: I person with 1 million net worth, using your example would have 250K in silver…today this is 500 pounds, put that into your car trunk and see how easy it is to steer. The same 250K in gold is 7 rolls of eagles, you can put that into the pockets of your cargo shorts. My point is a some point you have to stop buying silver and go to gold. By the way you can buy 1/10 coins very easily (the size of a dime) I have heard that you can even buy gold by the gram in some countries.

There is a youtube link given in the blog comments

Al, you mentioned the conventional markets a number of times. Now here’s the question; why are the markets going up when for the last few months the mutual funds have seen net outflows from their funds and the average investor is not putting money to work in the markets? Also, you have selling by large investors. There is an answer to the riddle.

Folks. You do realize the U.S, has the highest corporate tax rates at 39%.
Japan is close at 38%.
But even socialist France holds its exorbitant corporate tax at 34%

Now you understand why companies leave money that they have earned overseas in the country where they earned it so they don’t get taxed sat US rates.
Especially if they earned it in a low-tax company. Of course you get a foreign-paid tax offset, but if you earned money in a 10% corporate tax country why on earth would you pay an extra 29% tax to bring the money to the US?
The tax in the US is high, simply because the corporations don’t have a vote and the politicians want to get re-elected.
It is my belief that corporate tax rates should be ZERO, because corporations do not really pay taxes; the taxes are built into the cost of whatever the corporation sells.
High corporation taxes effectively end up making corporations less competitive in the international market.

gold commentary:
The Silver and Gold Price Have Begun their Next Leg Up that will Carry Gold Above $4,000 the Current Correction will be Short Lived
http://silver-and-gold-prices.goldprice.org/2012/09/the-silver-and-gold-price-have-begun.html

Seg. 7 Agree with you Al, a natural event occuring. I believe India is paying Iran in gold for oil, there are other countries as well, including Turkey. The Chinese have been making deals to conduct business in yuan for some time now. The last huge deal that has Not been talked about here is the russian chinese deal to supply all the oil anybody wants in yuan.
As J.Rickards explains there are many gold standards, the banks have been talking about gold being a teir one now for months, it looks like a move to help banks so they may support it. Germany has proposed a gold backed bond. That to is a gold standard. A hyperinflation happens when a currency is no longer accepted, the american public is almost completly ignorant to what is going on, it will be a long time before they do not accept american dollars. (check M Fulp as to it being accepted in europe) (check any canadian till, for acceptance in canada)The powers that be have time yet. This gives accumilaters precious time.
@ Richard, yes thats the question, copious amounts of cash have left the markets, for some time I and others have wondered how these markets can go up with so much leaving, my guess is algorithmic trading and plunge protection. (cenrtal planning)
@CF I agree with you but its the corporations calling the shots, the question becomes why do they taxes themselves.
Al. Paul Craig Roberts has been explaining a couple things in his latest interviews.
Good show.

You don’t think goldprice.org has an axe to grind?

In my opinion, TA indicates it can only go up in the short-term about $30 before it becomes significantly overbought. That is simply not the recipe by which a major up-leg is made. Gold will, indeed, go up, and most probably will hit new highs on the next leg. However, short of a world monetary collapse, numbers like
$4,000 on this leg are just hype, pure hype.

benb,
“Copious amounts of money have left the markets”
To be precise approximately $6 billion was taken out of mutual funds last week and approximately $8 billion was put into bond funds and money markets, if my memory of the firures is correct. That is not particularly extraordinary. (Except the potential stupidity of accepting the risk of money markets or bond funds long-term.)

[…] segment 7 of this week’s Korelin Economics Report, Rick and Al Korelin discuss precious metals. Next Hidden Pivot Seminar: November 7 – 8Signup before 10/31 and save $50. Use coupon code […]

CF, maybe dig a little deeper. This has been going on since MF global.
Al, about Paul Craig Roberts, remember that he at one time had the power to call the head of the CIA into hia office and have him explain their actions to him. That is noteable I think.
All we get to do is watch and guess where this printing will show itself, my money is on PMs. There are some explanations appearing as to why the oil price may drop to $65 a barrel, maybe can buy in yuan? or gold? This currency war is not going to stop, trade war has already begun. Cant remember the article I posted but it showed just what to expect in the states, (and all over for that matter)course everyone here knows already, I guess. Hope so.

I know everybody in the media is saying there is a currency war, but I think this is not an appropriate description. It is called a currency war because many countries are printing money to devalue their currencies; that is undeniably true. But is it a war? Rather, I believe, it should be better described as a central bankers conspiracy. I have no doubt at the G7 meetings and even possibly at the G20 meetings countries talk about debt levels and the need to create inflation. The coincident timing of much of the printing leads me to believe this is a coordinated effort. I suggest there is no war, merely a coordinated action by the central banks.
It is best called a conspiracy because the average saver all over the world is being shafted by this action.

One word for Lindsay… HYPOTHECATION

Gold technicals looking very strong now with 50 day rising sharply and has crossed the 200 day in September. 200 day is flat now and will begin rising soon. Point & figure charts showing price objective of 214 on GLD which would be about $2200 gold and that looks possible in 2013. Need to get clean past 1800 soon or we down a bit before we go up. I am going to trade part of my large gdxj position to gain some small dividends by playing the ranges in gold.

Re Lindsay statement that Confederate notes are worthless. In fact, depending on year and condition, real confederate notes are currently worth between 10 and 100 times their face value. Rare ones, issued by southern states, even more!

CF, a reasonable argument for sure. I read Rickards book so I am influenced by that, I also see that the bankers have been one since at least Rothchild. Some say Jesus saw it coming so maybe long before Rothchild and curcumstances permitted his expansion of it. In any case you make a good point. But you do put yourself in jeperdy of agreeing Romny Obama same thing. lol
Just happened to see it but it is 4 years ago, u tube “ny jews embrace ahmadinejad; “zionism is not judaism.”
Zionism is what romney supports, not isreal. actually its what everyone has been supporting all along. except for those that knew the differance of course. I didnt until recently.

So….I am becoming annoyed with people saying so so much.
Is it me or have public speaking consultants validated themselves by trending clients to begin every response to a question with so?
Do you remember in The Clinton Era when finger pointing was focused grouped as being too harsh or direct so everyone was consulted not to point an entire finger? Instead when emphasis was needed many were instructed to extend the index finger knuckle only beyond the other knuckles? Never point he entire finge! Everyone began wagging their index finger knuckles as Clinton Wagged the Dog in real life.
So now everyone is saying so so much when being interviewed.
Here is an example of the unfortunate trend…So I will throw John Thain under the saying so too many times train:
http://www.youtube.com/watch?v=-GWbOwRKUvk
Do you remember the trend a little over a year ago when every other sentence had something impacting something else. It was as if the word impact was being over played like an Abba song in the 70’s.
So is it just me?

If you think Obama’s idea of taxing the rich is a good idea, let me put the numbers in for you:
The CBO estimates Obama’s tax the rich taxation will raise $5 Billion.
Now let me write this years projected deficit in billions….
$1.3 Trillion is $1,300 Billion
How will the tax increase solve any problem?

Further there is NOT ONE EXAMPLE in history of ever taxing a country’s way to prosperity or growth; indeed the exact opposite happens.

bs about iran’s imminent nuclear weapons since 1984:
http://www.zerohedge.com/news/2012-09-29/guest-post-iran%E2%80%99s-imminent-nuclear-weapon

Paul, yes it would be laff able if so many didnt believe it. One BIG problem I see is that christians support Zionism, even when you point out proof of the genocide being committed. Or how about the u tube I just mentioned? These zionists are manipulating a religion for their own purposes, typical religous leaders if you ask me.
Hopefully the people of the planet recognise what has been and is being done to them before these psychopaths blow us all to h#ll, kinda scary knowing we get the governments we deserve.

NGM – Big Al, Since the appointment of Greg Gibson, NGM is starting to move up nicely…..43 cents now Just announced another 10 million dollar PP which will put 23 million dollars in their treasury. Looking good here, and Sprott Asset management on BNN on Friday said the company is undervalued based on the gold in the ground and with Gibson behind the wheel should move up from here. It seems they have all the credentials that an explorer needs as mentioned by Marshall Berol. NGM has the management, property, money, and location to move this company forward. Short term, looking to go into production with the high grade Jon Pol Deposit. What are your thoughts Big Al? Any chance you may be able to interview Mr. Gibson?

I was talking to a friend that has just returned from China and he reports that the reason for the turn-down in China to him appears to be due to a decreasing availability of cheap labor. (Not a lack of money, which caused the property bubble) He is also worried about the tolerance of the general public to the amount of corruption at all levels He wonders if the new politicians coming in after the Nov 8th meeting will realize that it must be reduced fairly quickly.

SEGMENT 4: Once more the comment is made that there will be no difference between administrations run by the 2 major candidates. Yet earlier in the show a CLEAR AND OBVIOUS difference is stated….Mr Bernanke will retain his position with a re-election of our current dear, high, exalted, mystic ruler. Mr Bernanke will not retain his position if there is a change to the opposition.

The point is made that politicians pass legislation based on their desires to be re-elected. A simple and OBVIOUS solution is to extend the 22nd Amendment to cover the House of Representatives and the Senate. The NEW TERM LIMIT Amendment could read:
Section 1. No person shall be elected to the Senate or House of Representatives more than twice, and no person who has held the office in the Senate or House of Representatives, or acted as a Senator or Representative, for more than one year of a term to which some other person was elected shall be elected to office in the Senate or House of Representatives more than once. This article shall not apply to any person holding office in the Senate or House of Representatives when this article was proposed by the Congress, and shall not prevent any person who may be holding office in the Senate or House of Representatives, or acting in the Senate or House of Representatives, during the term within which this article becomes operative from holding office in the Senate or House of Representatives or acting as Senator or Representative during the remainder of such term.
Section 2. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission to the States by the Congress.

NOTE-it contains a clause to exempt the current rulers so they will not be voting against their own self-interests (which of course they would never do).

Super strong report on timmins gold: wish I still had my shares I sold last year:
http://equedia.com/blog/view.php/A-Cash-Flow-Machine-Growing-Gold-Production-with-Significant-Upside?utm_source=September+23%2C+2012&utm_campaign=September+23%2C+2012&utm_medium=email

Ron Paul offers a third better path

Paul Ryan recently warned Ron Paul’s supporters: “Do you want Barack Obama to be re-elected? Then don’t vote for Ron Paul.”

I don’t want Obama to be re-elected, but I’ll be writing in a vote for Ron Paul, nonetheless. Why would I do that when I don’t enjoy voting for someone who absolutely no chance of winning the 2012 election; I am not a hard core libertarian; I think it matters who sits in the Oval Office and I don’t even consider myself to be a Ron Paul supporter?

This year’s election offers two dramatically different paths for the nation’s future. Both paths, however, seem seriously flawed.

For simplicity, I’ll divide the issues in this year’s election into three categories: the economy, foreign affairs and social issues/civil liberties. The terms realist and idealist are often invoked with respect to foreign affairs, but they can be used more broadly. Most Americans prefer a candidate who is a realist on foreign policy and the economy, and some of us prefer an idealist with respect to civil liberties.

I’ll begin by making the case for Mitt Romney.

President Obama’s economic performance has been abysmal and there’s no evidence that he has learned anything in this regard during his first term. Granted, the president inherited a difficult situation, but he has done little to make it better. He does not seem to realize that although he can talk about jobs, he cannot create jobs. It is the drive, creativity and energy of the American people that will create jobs, but not when saddled with more and more regulations and when government spending, much of which is wasted or directed toward favored constituencies, crowds out private investment.

With Obama, we can expect more rhetoric, more regulations and more anemic growth. Our children will have less opportunity than we had, and in the not too distant future, they will be forced to deal with a huge national debt that has done them absolutely no good. Romney’s not perfect, but he is mostly a realist about the economy.

And now, I’ll make the case for the president.

President Obama deserves high grades on foreign policy, particularly if he continues to keep our nation out of the Syrian morass. He is extricating the U.S. from wars it cannot win, and no one can sensibly say that he’s soft on terrorism. The U.S. regularly takes out important terrorists. Much of the world and particularly the Middle East is a disaster, but President Obama is realistic and recognizes that these situations do not need to be our disasters.

Unfortunately, Romney seems to be an idealist on foreign policy. He’s highly critical of Obama’s foreign policy, and, if elected, he might find a way to send ground troops into Syria or another hot spot. I am amazed that individuals such as Romney, who intuitively understand that no amount of government funding and regulation will turn the Solyndras of the world into flourishing enterprises, believe that our government can turn the world’s Iraqs, Afghanistans and Syrias into responsible democracies.

Finally, Obama and Romney are both realists with regard to social and civil liberties issues. That might seem counterintuitive because of their different views on abortion and same-sex marriage, but both will follow rather than lead their respective constituencies.

Most of America is pro-choice, and a majority of Americans are fine with a state deciding that same-sex marriage is OK. Neither Mitt Romney nor any other president will turn back the clock on these questions, but the focus on them takes attention away from other worthy issues.

For example, the United States has one of the highest incarceration rates in the world and imprisons more than 2 million people at any given time. Many prisoners have harmed no one, but their lives and the lives of those close to them are too often irreparably damaged. It would be terrific if we have could have a substantive debate on this issue, but if the status quo is good enough for most Americans, we can be certain that neither the president nor Romney will find any reason to rock the boat.

So there you go. I am one for three if Romney is elected, and one for three if Obama is re-elected. Why not vote for Ron Paul?

Howard Landis, the hartford caurant

I look forward to the debates, but fear the moderators will mess up the debates.

cf I have seem most or all of this before. This is the exact stuff I am talking about when I say no dif between romney/obama. A year or so ago I was repeatedly screaming “its the banks” and no one heard a word, now people are beginning to understand, hopefully it doesnt take too long for the people to realise more of who is running things. I wondered why Allison Redford (premier of Alberta) went to the Bilderburg meeting in Virginia. Somebody is calling the shots and its not our polititians.
Paul Craig Roberts has some ideas as to who they are.

I did not see this posted for your enjoyment:
http://www.youtube.com/watch?feature=player_embedded&v=53OvFHJ0Vyk