As noted gold was pushed down (or raided) to $1682 after the November Payroll report was announced. This didn’t last long though, gold quickly recovered and took back $1700. I find this very encouraging. $1682 looks like it might be forming a good support line, perhaps the bottom is in.

Well james you do realize your highlighting where I placed my bid @ $1682…I know, great call, lol

Ya I’m sure Rick A’s eyes almost popped out this am as on the 1 min gold chart it dropped $16 in seconds only to find a HUGE buyer at $1682 (no not me)

Gold has tested sub $1692 4 times and silver created a triple bottom with $32.54-$32.58 and $32.60…………..next hurdle the Bearnank!!

Imo the NFP report was pur BS, its the biggest consumer consumption time of the year so lets make sure everyone dives in knowing that Uncle Bob got a job at MickeyD’s and grampa got a greaters job at WalM…..get out their America and BUY!!!

Good audio Al, although I didn’t give the political part a listen as I’ve had enough of political speak.

On inflation or hyper as the talk only considered hyper from insane liquidity/money printing madness……perhaps its my currencu background but very high inflation 30%+ in the US will be created by a global (continued) lack of confidence in the worlds reserve currency and if one looks past the history books (thats me taking a shot at the economists) very little is understood regarding cost push currency inflation brought on by a loss of confidence…………what would you rather own to lock away for 5 years $1700 US dollars or 1 oz of gold…..here’s a clue….look at a $gold:$usd 12 year chart….I can see said the blind man………

THE biggest ponzie scheme ever…….US Gold holdings…..its america’s gold, right, so why no audit since 1957? Perhaps, as I adjust my tin foil hat all these countries asking for all or a portion of their gold held by the Feds is nothing but the biggest shell game ever as they keep chasing their tall….those who ask first will recieve as there is supply for the early birds, those that wait are the classic bag holders!!…..but its the perfect crime as anyone yells its gone! creates a bid so big the now buyer can’t see over, shooting himself in the howareU….ouch

Hmmm seems to be a bit of a confidence issue amoungst central banks as they’ve become net buyers vs sellers on the back of bring home our gold…..we will ever know….unless we can get Geraldo Rivera to drill into Fort Knox as he did looking for Al Capone’s vault………….oh look…its empty!?!?

I’d love to look under the skirt of Fort Knox, you?….such an easy question to put to rest with an independant audit, heck I can count, I’ll do it for free!

I enjoyed the conversation about hyperinflation, thought it was interesting. but the tax argument was a waste of time, (imo), Ron Paul has already presented the solution, the discussion should no longer be “what is the best way to deal with it?” The discussion should be ” how the heck to we impliment what Ron Paul has told us?”

This of course is a ridiculus statment for me to make as the solution is to impoverish everyone, thats gotta be the most “fair” thing to do, totally unfair for some people to have more money than other people.

Besides, soon we should have the war big enough to end all this ridiculas talk of budgets and cliffs, it doesnt matter how much currency gets printed or how much debt there is once we in a big enough war.

Farmland with water, out of the cities, Alex Jones has a good interview with a fellow that has mapped the continent and informs of things needing consideration. I think they might mention PMs. The interview name is called something about relocation, runs about 2 hours.

Al could you provide the link for trader Rog’s new audio service…..the one you posted the other day is incorrect

Thanks!!!

Sciff ? as in Schiff? – SHHHIIIFFF – PLEASE!

Again – why should I listen to someone who refuses to pronounce a person’s name correct. This irks me to no end.
Also, these young men you are listening to do not respect Peter SKIFF’s (sic) record in reading the economy and correctly interpreting the result.
With your emphasis on ‘What can we each give’ I will have to say the weight has shifted to ‘I don’t want to listen to your opinions or guests anymore’.

These kids have alot to learn.

For one thing raising taxes will solve nothing.

One day these kids will learn that allowing the jokers in the District of Criminals to steal more money will only result in more spending.

These young men first of all should learn how to pronounce someones name correctly before laying out there ideals .It takes away from there credibility! Also Peter Schiff never stated we were going into hyper inflation he said if we continue going down the path and needed changes our not made we risk going into hyper inflation. They need to listen closly and everyday to Peter and read his writtings clearly.

Hey everyone:

Just want to give our apologies for the mispronunciation. We were influenced by one mispronunciation we heard just before recording, and that one stuck in our heads when we went to record. Not making an excuse, simply informing you all of what happened. Again, we apologize to Mr. Schiff and to you all for this error.

In terms of Mr. Schiff’s argument, however, I would say that the assertion that he only said the U.S. ‘risks’ going into hyperinflation is playing down the strength of his argument. Listen here: https://www.youtube.com/watch?v=SqLXNCtgCFc, for example, where he says that the dollar is ‘on the verge of collapse’.
He has since backed off that claim recently in an interview with RT: https://www.youtube.com/watch?v=HEzZGsrm9Ic where he now says that he thinks that ‘we’ will see the dangers of hyperinflation before they arrive and (hopefully) avoid it. That’s a pretty stark departure from where he was only a couple years ago in his predictions.

Just want to close this out by saying thanks for listening: we’re obviously still learning and have a lot to learn so we appreciate the feedback, positive and negative.

Steve

Steve, the day we ALL stop learning is the day we get left behind NO need for an apologie

Must be nice to think the only complaint towards the crazy financial world we live in is a minor mispronunciation of a name…….thank god I have never taken myself that serious even when I was somebody!

J who

It took the US over 200 years for a trillion Fed Fiat notes of debt to accumulate.
Obama added 5.4 trillion Fed notes in his first term.$1trillion Fed notes were tallied to US debt in 286 days.
Hyperinflation is a confidence/currency outcome.US debt was downgraded from AAA for the first time-ever.
Under Obama gasoline has doubled-100% increase.
Unemployment has doubled -100%-and that is questionable govt stats.
US citizens living on food stamps has gone up 50%.48 million live on food stamps.
US debt has increased over 50% since Obama first took office.
40% of all Americans have less than $500 of savings.
28% of all Americans have zero savings.
200 years vs. 286 days .That timeline fact is accelerating every moment.