The resource market today and trends coming out of Washington, DC
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We’re starting something new this week. Rather than discuss topics in short segments, we’re devoting the first hour to one topic and the second hour of the show to another topic. This will allow for more informative in-depth
Segments 1-4: Big Al, John Kaiser and Marshal Berol study the current status of the junior resource stock market. Is that particular world coming to an end? Listen to see what we think.
Segment 5-8: Jeff and Big AL take the second hour to discuss trends coming out of Washington, DC, unfortunately most of which, in their opinions, are negative. Topics include the Rand Paul revolution, the frightening potential of government control of your personal finances, and thoughts on the future success or lack thereof of the various conservative parties.
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It is all about preparation and knowledge, don’t you think Dennis M?
Big Al
I spoke to Laura Stein a few years ago for about an hour when she represented Clifton Star at an online resource convention. I never forgot it because she is so engaging and believed so much in the prospects of the company. She was very good at explaining the story of the company. The stock price has not done very well since then and I remember the CEO resigned within the next year. Just goes to show you that the junior resource sector is high risk and reward.
Good Morning Mr Moder,
Thank you for weighing in.
I recently purchased shares in CFO as I disclosed. Obviously I still believe in this company.
Big Al
I like the new format.
I see gold primarily as a store of wealth.
What worries me the most is not which companies will find and produce gold. I think I have a good handle on which criteria to use to evaluate a company.
What worries me is the measure in which all companies and everything in the US is evaluated; the US dollar:
1. How is the US going to escape the weapons of mass destruction – derivatives.
2. How is the US government over-spending problem going to effect the dollar and the citizens of the US.
3. My reason for investing is to keep my wealth and with a bit of luck increase it, so I have more flexibility in my choices of life. My assets, however, are measured in dollars, so what happens as the measure of assets, the “value of the dollar” is not stable?
1. There is NO escape. No way out. Derivatives will implode. $1 Quadrillion + OTC Derivatives on the back of $70TT global GDP. From purely a mathematical perspective, there is one way out and that is Default. Yet such is politically not palatable.
2. Loss of Purchasing Power; Lower Standard of Living; Loss of World Reserve status; Ultimately, via QE4ever via all global Central Banks, global hyperinflation.
3.Assets decline via loss of purchasing power (i.e. inflation, which is running 8-10% presently in US despite fictitious CPI). Thus, Hard Assets- Metals; Land; Gems/Stone’s/Diamonds- Art; Things/Stuff help to preserve and protect against such machinations employed via the global Cartels (Monetary and Fiscal Policymakers).
Best of luck.
Morning Simon,
I will not cave in.
Information and nimble action will save the day!
Big Al
Since adjusted for inflation gold should be like $2800 an ounce, I don’t see that store of wealth theory panning out (pardon the pun).
Morning cfs,
I would like to chat with you.
If that works for you, please send me a number. (alkorelin@gmail.com)
Best,
Big Al
Of course, I do like to have new mining and energy companies brought to my attention.
China has and is in the process of developing (setting-up) numerous swap accords for Trade Settlement. Not necessarily to replace the $USD as the world’s reserve currency, yet to circumvent and to provide alternative means to global trade settlement via the Yuan.
We will see Gold play a major role in such. Whether it be a Gold -backed Note or some other form of gold backing remains to be seen.
More likely a combination of Gold-Silver-Platinum Note utilized in global Trade Settlement with Turkey acting as an intermediary.
We shall see how it all plays out.
Yes we will, Simon, yes we will!
Big Al
Big Al,
Please listen to this:
I believe it describes our problems quite well.
What is your opinion. (Sorry, it is 16 minutes long)
cfs……this is a must listen to item…..i would recommend everybody listens , before the powers that be pull the plug on KWN……….AGAIN!!!
Tony,
The plug will never be pulled on this show. Why should it?
Big Al
i did listen to it,thank you.
Isn’t that what we have been saying for years?
Best,
Big Al
Great vlog and my biggest pet peeve is ppolee who don’t watch their kids too. We had my youngest’s party last weekend and someone actually left their son in the bounce house for HOURS. He was little and couldn’t get in and out himself and they never checked on him. It was terrible. Thanks for the space to vent since I can’t write about it on my own blog.
CFS,
I’m not Big Al but want to thank you for the link. At last a knowledgeable, credible official tells the truth and warns of the coming disaster. Dr. Roberts needs a bodyguard.
I did listen cfs. Thank you,
Big Al
http://www.c-span.org/Live-Video/C-SPAN2/
Cspan has a discussion on union intimidation to make democratic party political gains.
(Including illegality of union “representative appointments”. (Parallel to Obama cabinet appointments)
Here is my take on it..There should NOT be bday petiras that include friends until the kids are old enough for a drop-off party. Keep the petiras for the under five set for family ONLY. Once the kids are old enough to be dropped off then do a kids party. I refuse to go to a kids birthday party and hang there for 2 hours. I get very stabby so I didn’t allow petiras until they were five and I didn’t let other parents stay as their parents also make me stabby. Okay, maybe my kids will need therapy for their lack of friends bday petiras when they were in preschool but maybe not because OMG they are too young to remember and really, the party is more for the parents than the kids. Now, the kid petiras that included wine and grown-up party games that I can swallow and attend with glee.Soapbox. Off.xoxo,t.P.S. Oh yeah you are adorable when you blog.
Free info like this is an apple from the tree of kndolewge. Sinful?
BUCKET BRIGADE……BEING BRAVE IN THE FACE OF FIRE AND EVIL –
Evil lies and pretends to be powerful.
The thought of the recent prayer breakfast comes to mind.
Part of being a thug is to puff your chest and bluff to get your way.
But when evil is confronted head on the illusion of power is destroyed.
Truth to evil is like the water hitting the wicked witch.
“I am melting!”
Although the bully is a coward……the coward talks a good game……but when
the bully bluff is called…..he and his minions will soon scurry away.
A lot can be learned from a simple L. Frank Baum scene:
Wicked Witch: “The last to go will see the first three go before her”
(Terror voiced to incapacitate the listener/audience with stark fear)
Piling on “And her mangy little dog too!”
Wicked Witch: “How about some fire scare crow!”
(A violent act directed at the most vulnerable designed to further incapacitate the others with fear)
Scarecrow (Jumping up and down) OH No!!!! Oh!!!! Help!!!! I’m burning!!!! I’m burning!!!! I’m Burning!!!help!!!!
Dorothy acts while the Scarecrow panics ….the others coward as the witch thrives in her evil.
Wicked Witch….(Is surprised at Dorothy’s bravery in the face of her terror) “Don’t throw that water!!!”
Dorothy ignores the evil witch….. defies her continuing her act of goodness. She dowses the fire and splashing the witch.
Wicked Witch: “Ah!!!your cursed brat!!!!!!!Look what you’ve done I’m melting!!!!! Melting!!!!
!!!!! Awww What a world!!!!! What a world!!!!!Who would have thought a good little girl like you could destroy my beautiful wickedness!!!! AHHHHH!!! Look out!!! Look out!!!! I’m going!!!!!!Ahhh! !! Ahhhhhhhh!!!!!!!!!!!”
Guard: “She’s……She’s dead!!!!You’ve Killed her.”
Dorothy “I didn’t mean to kill her! Really I didn’t… It is just he was on fire.”
Guard “Hail to Dorothy! The Wicked Witch is dead!”
Dorothy’s act of brave kindness liberates those enslaved by fear.
http://www.youtube.com/watch?v=aopdD9Cu-So
The same could be said of Dr. Ben Carson speaking truth to the ever intimidating Obama. It was a simple truthful speech. It was also brave for him to deliver the speech feet away from the source of so much politically correct coercion. But he picked up the bucket of water and acted true to himself. The same could be said a year ago when Dr. Paul questioned Ben Bernanke with Silver Eagle in hand. Sure at that moment silver spot was slammed 10% but the truth hurts and will prevail. All we need is a bucket brigade.
The prayer breakfast was a great example, Dennis M!
By the way, I purchased and am reading Dr. Carson’s book.
Best,
Big Al
HI AL….The prayer breakfast was brilliant…..GOOD face to face with EVIL..& GOOD WON.
Yes, Mr Irish, Dr Good did win!
Big Al
I assume everybody realizes The Wizard of Oz is about using the gold standard and the evils of fiat currency, and all the characters had real life counterparts.
Great Dr. Ben Carson interview by Peter Schiff.
The background noise is due to the interview taking place at the CPAC Conference media room. Both parties to the interview make all the points I only attempt at communicate in a concise articulate manner.
With only one exception…I am not a fan of the electronic medical records.
Dr. Ben Carson addresses CPAC
http://www.youtube.com/watch?v=EPYLiXqfwGA&feature=player_embedded#!
DENNIS….A great big thank you for the link…….If only Congress had a dozen good men like him , willing & brave enough to stand up & speak like him, then perhaps the Country might not be in the state it is in today……Respect to DR CARSON.
There was a movie made about Ben Carson called “Gifted Hands”.
Cyprus bailout levy hitting Cypriot AND foreign bank customers over extended week-end,
6.75 pc. GONE from accounts; 9.9 pc. if 100kEUR+
“a one-off measure” MY A..!
http://www.hark.com/clips/xsxdbsyrgc-all-decks-alert
I can’t see this NOT leading to bank runs in S. Europe. Pope Franciscus wants a “church of the poor,” seems he’ll get one or more, fast.
Good point, impeach!
Big Al
The run has started…..how far will it spread?
http://www.nytimes.com/2013/03/17/business/global/facing-bailout-tax-cypriots-try-to-get-cash-out-of-banks.html
http://www.aljazeera.com/news/europe/2013/03/2013316153138495325.html
People don’t like to face reality what they do like is envisioning a life set free from poverty and toil. A utopia where smartly dressed men and women spend and spend and spend. Madison Avenue figured this out a long time ago and fed people their wishes.
But if you don’t face reality what you will get is an end to illusion and graft, crime, war, and control by Wall Street. DT
Amen, Machine Gun!
Big Al
Mr Korlelin) been a listener of yours since the days of Chuck Harder……..God Bless him!
i’d like to become a client of yours in in precious metals/mining sector.
Dale Fuller
I am really sorry Dale, but I have absolutely nothing to sell.
How is Chuck doing? He is a great guy!
Big Al
Well, I am not bright ,articulated or well educated, but I do have friends in low places.
I didnt hear you guys mention that the government has always watched your financial records,(fbi does it and tax dept obviously) they have just decided to share them between departments. Its the fbi that decides if your a terror suspect, useing cash is on their suspect list among other equaly important points.
I agree with you guys about useing cash, as I stated in another thread I leave my monthly automatic payments in a bank, (mtg,taxes,heat,etc) the rest I take cash and use cash, exact, so the retailer doesnt even need change. Your right about the possibility the bank doesnt have enough to give you on any particular day, what I do is go on more than 1 day, you can also notify them to let them know you intendt to take it and they will oblige you within a couple of days (but then there is a record), when I feel I have more paper than I require I turn it into gold.
benb……You dont need to be articulated , or well educated to see what’s going on you just need GOD’S gift of common sense & logic…imo.
Another point, the big banks are laundering drug money big time, way too much evidence to cover it up anymore. Drug money is/has actually kept the system going.
The banks are considered not only to big to fail but jail as well. I do believe banking institutions support local republicans and democrats?
The general idea that republicans are criminal is true, but lets not forget the democrats. Start looking at what both parties have done are doing from about 1913,
there is no diferance other than the occasional warning and those people are likley to get dead.
Useing cash is one way to oppose these degenerate psychopaths, so I do, but I also think that the entire system needs to come down to be rebuilt.
LOVE the new format
The Fed and The Treasury department are saying that they must prevent deflation by money printing through quantitative easing, that is the con so they have everyone set up for hyperinflation.
Right now this whole thing mirrors the great depression of 1930 only like Casey say’s” we are entering The Greater Depression.”
Where I live in Toronto real estate is in a bubble of immense proportions, and like the real estate in China the bubble hasn’t yet burst. Now we have a stock market bubble. When these bubbles are pricked capital will disappear in a big way everywhere including The US which has seen recent gains in their real estate holdings. Money doesn’t just run away and hide when a bubble dies to be picked up another day it is like “Puff The Magic Dragon”, money dies and disappears, it goes to money heaven after the funeral.
The trigger of higher rates is coming and when it happens the disaster will be bankruptcy in the government and businesses and the public. In short a disaster that Bernanke cannot stop, it is his nemesis and will arrive in the form of massive deflation. DT
[…] Listen to the show HERE! […]
Giving access to personal information without a court order is a violation of statutory and case law that has developed over time to protect the constitutional rights of “individuals”. In essence, giving the gestapo direct access by passes the Constitution and system of “checks and balances” to keep the “dictators” from acting independently from the our Constitutional government.
What’s wrong with requiring the Gestapo to present probable cause to a Judge and let the “independent third party” make a neutral determination as to whether the Gestapo has a basis for their intrusion…unless you don’t have probable cause and care less about personal freedoms. What makes you think the Gestapo can make independent decisions in your self interest.
As the Criminal Bankers have said, “We can operate without regulation. We can be trusted with self regulation”. As a result, the Bankers destroyed our economy and that of the Western World opening the door to the destruction of America and theft of our personal property.
This is about as evil as things can get along with all the other under the table things going on. Meanwhile Congress sits on its hands and plays runaway, runaway.
Scream your heads off about this!!!
Al I like the new format. during the show Jeff said you were a republican while he was a libertarian. It would be a good discussion to see where you two differ. I would also like to know if he thinks the republican party can be more libertarian in a time frame we will see in our lifetime.
Al, like the new format—-it allows a lot more in depth discussions, knowledge and followup dialogue.
Agreed!
Funny how Rand Paul was for the drones before he was against them – 30 days is a long time folks.
Paul wrote an op ed ONE MONTH before he opposed drones – demanding funding for drones to be used over American soil – http://p.washingtontimes.com/news/2013/feb/11/from-illegals-to-taxpayers/#ixzz2MrkgsBRA
Using drones for border surveillance is a little different than using them to kill U.S. citizens, don’t you think?
To sum up the second half of the show in one word……..”DICTATORSHIP”.!!!!!!!!!!
“Ordnung muss sein”
“Tu ne cede malis”
DENNIS…..Do not give in to evil…….. Sadly the majority already have , because of their ignorance.
Not giving in to evil is an individual battle.
Let Obama’s salvation be based on collective salvation.
Save your soul then think about helping others.
As Doug Casey said “Put your own air mask on first!”
Forgive me!!!! I am late too late! So sorry. First of all, your dog is completely ardlaboe, and 2nd of all, I think I’ve done all 1, 2a, and 2b of those things NOT GOOD! Thanks for letting me know how much I tick off other people. OK, so, my mom left, and I never got to use her iphone my husband SWEARS my iphone will be fixed by the end of the weekend, so I am 99.9% sure I will be doing a vlog next week. I will tweet this out tomorrow to the SITS31DBBB hashtag though to see if anyone might be interested in joining. Thanks for kickin’ me in the behind to join .I’ll admit I’m scared .but I will do it
TEX…..There must be order…A concept by those who want to control !!!
Do you know what is weird about life now, is the rapid pace of change. In the mid 1960’s Toronto built an overhead expressway to Buffalo New York that divided our city, so that people could shop there.
Now Buffalo is poor and almost dead, but the expressway is causing a huge problem to maintain, and can’t be torn down because our city is so prosperous that we can’t live with it or without it because the problems of removing it would be very costly to the local economy.
Another mismanaged government boondoggle. DT
DT- shopping in Buffalo?
In those days everyone travelled to Buffalo it was the hub, now it is the nub but this expressway is a major expense to maintain and an even much greater expense to tear down because of the gridlock it would cause till they could find an alternative to replace it. DT
If I was in Buffalo I’d be headed across that bridge to Toronto, for the Indian food if nothing else…
I can only imagine the maintenance.
Lake effect snow, snow plows, salt ………
If you like up there never buy a white car.
Seriously a snow plow can bury you in a drift and you would not be found until May.
Hey Big Al and all:
Listened to Charles NENNER on the Jim Pupulava Financial hour.
1. Gold and silver start another UPWARD trend cycle by the end of APRIL 2013. Target numbers; Gold $2,100 and silver to approach $50.00. I think the cycle goes about two years (?).
2. He is also predicting a major war starting this year. According to Nenner a big war cycles on humanity every 100 years. Its coming. I hope he is wrong – somehow/someway!
marc…..go back to Tuesdays blog , i left you a message .
Hong Kong Conference:
Mexican mining royalty coming:
http://www.mining-journal.com/production-and-markets/pdac-mexican-mining-royalties-loom
Timing aside which is very difficult, Martin Armstrong and Larry Edelson show a much deeper understanding of the forces at play regarding the markets wrt gold, fiat, inflation/deflation, equities etc. far more than all those who are continually spout the same ” gold to the moon” call daily on kingworldnews, who only look at one side of the story. Al, would you not consider having those guys on or Jim puplava, or someone with a more deflationist view? It would give more balance. If you think about it, if gold needs to go to $ 40,000 per ounce to cover the total world fiat debt system then the inflationary mantra doesn’t work in reality because that just isn’t going to happen. Wars will happen before that leading to debt jubilees which how it has always happened historically – deflationary episodes. The fact is that gold inflation is a by product of fiat debasement and a store of value and NOT money as James Turk keeps on saying. I am currently buying a house and I can’t use my bullion which I have stored with his very company in Switzerland. I think the shows really need the opposing views aired. Otherwise it’s not balanced. Lets have a banker on saying why they won’t lend to resource companies. Let’s hear the deflationary arguments. Best wishes, Greg
Edelson? That guy has been a gold bear since it went to 1400 in late 2010. If you listened to him, you missed a $500 move.
Armstrong has also been way too bearish for some time. In his case, I wonder if he reserves his true opinions for those who pay him.
Turk is absolutely right that gold is money. It always will be, whether governments or ignorant fools recognize it or not. Gold, not dollars, possesses all the attributes of money. It is durable; fungible; convenient; a store of value; and, unlike the dollar, is valued everywhere – always. The value of the dollar is based on force, not choice.
Over the last century, the price of oil, autos, tuition, labor, lumber, grains, or base metals have changed the least when measured in gold.
If governments outlawed cars, would they cease to be cars?
By the way, Jim Puplava is hardly a deflationist – ask him for yourself.
You’re missing my point. Edelson is a gold bull for the long term but gold went up every year for 13 years so it needed a breather. Gold has been going down since Sept 2011 and James Turk says it’s going to go up every time I hear him on KWN or KER so it’s about timing isn’t it? Maybe we are disagreeing about the definition of ” money”. To me in 2013, money is something I can buy goods and services with and I can’t do that with gold in my pocket or even in Goldmoney.com on 17th march 2013. I have to sell it for currency which I then use. Gold is no more money than land, fine wine, equities, real estate. It is however more liquid than most hard assets for the reasons you point out. But shares in Apple, Google, Goldcorp, Shell, Citigroup are also stores of value which can be sold and the money or currency ( or whatever you want to call it) can then be used in 2013 to buy goods and services. Gold is the ultimate hard asset store of value and always has been, but it is no more money that shares in ETFs in hard assets or investments linked to hard assets such as oil, uranium, silver, soft commodities, or anything which will move in the opposite direction to currency as it is debased. Shares in GLD is more liquid than gold itself and there is far less slippage and less storage fees. Either way, I’m not going to take a trip to Switzerland to kiss my gold bars being kept there and neither are you. Be a gold bug by all means but live in the real world. Invest with a view towards risk- reward. Gold will turn up sometime and hopefully our investments in hard asset related stocks and our bullion will go back up in “value” but just remember that most of the investment community see gold and commodities one part of the investment world and at the moment “money” is going into equities not gold. If you start talking about gold at a dinner party you will be seen as a crashing bore. Only 5% of western populations actually invest their own money and only a small proportion have an interest in gold. It always pays to understand the counterarguments in any investing philosophy.
Very good points, Greg. And taken with respect. The only thing I will add it that..the Chinese, Indians, Russians, Brazilians, Norwegians, Turkish AND middle-easterns, etc., etc., are GOING to make the Westerners WISHED they UNDERSTOOD the geo-economic/political power of PM’s as THE DEFINING, ABSOLUTE settlement “currency” of international wealth AND trade. Most Westerners will SOONER NOT LATER be caught with their “financial pants down” and go kicking and screaming toward gold and silver…sad…DAMN SAD!
Just on the Jim Puplava point, I wasn’t saying he’s a deflationist. I know he’s not and he repeats that regularly. Neither is Edelson. However, Jim has deflationists on his shows when he can get them. He has had two stock market bears on recently and they are deflationists with regard to stock market value. As Mike Maloney says, money flows from one asset class to another and the trick is to get into one asset class when it’s low and out when it’s high. If you had invested in gold in 1980 you would be feeling pretty stupid in 1999. And there was plenty of money printing between 1980 and 1999. Where did it go? Stocks and real estate. Not gold.
Smart money is always accumulating gold with profits taken elsewhere. Note that in 1980, gold reached a price that was far higher than necessary to back all the foreign held U.S. debt. The 1980’s was just a long consolidation of the 25 fold rise of the ’70s which actually cleared the way for even more money printing. Big technological advances at the time also helped to keep price inflation in check. Anyone who bought the 1980 spike should feel stupid, period. Foreign held debt was “backed” when it hit about $475, yet people paid as much as $875. In order to back foreign held debt today, it would take a gold price north of $20,000.00.
For you to compare stocks and base metals to gold is just plain ridiculous. Did you know that if industrial use ceased, it would take just 3 months to double the above ground supply of copper? Assuming that grades and discoveries will not decline (a foolish assumption), it would take 67 YEARS to double the above ground supply of gold. Since 2008, the dollar supply has almost quadrupled. In addition, stocks come with many risks, not the least of which is counterparty risk. GE is the only surviving Dow component from the roaring ’20s. Lead may not have counterparty risk, but it is positively correlated to the economy. Gold is negatively correlated to the economy. Lead is also extremely inconvenient as it is hardly portable. So, as the ultimate safe haven, gold stands alone. After the crash of ’29, people did not just go to paper cash for safety, they turned in those paper receipts for gold. Had FDR not put a stop to this, everyone would have discovered that the Fed had printed far more paper receipts than there was gold available for redemption. Real estate and fine wine are also anything but safe havens. Both do best when economic/political confidence is high. Both should be bought when gold peaks.
To say that we have different definitions of money is certainly an understatement.
It’s Sunday!
“Evangelist John Bishop preaching a message entitled “Yes, Lord” at Cleveland Baptist Church, Sunday morning, April 23rd, 2006. For those who don’t know, Bro. Bishop suffered from a severe form of meningitis back in the 1990s and completely lost his memory and had to learn to talk, read, walk, etc. all over again. He’s a miracle of the Lord.” (end quote)
Even if you aren’t into good-ol’ Baptist preaching, John’s insights into dealing with pain and depression make this 1/2 hour video worth watching.
Time well invested…Irwin!
Besides the overall inspiration sometimes when absorbing messages like that you find a golden arrow bonus for your quiver.
I am going to strategically implement the ‘calendar national holiday’ idea.
A little adversity is life. A lot of adversity is a challenge. Too much adversity refines character. The most challenging adversity of all is a life seemingly without any adversity at all.
John Bishop is the type of person who would reject someone feeling sorry for him because his ordeal although significant was his journey.
Good comment, Dennis M.
Although I haven’t found any of John’s messages from before his illness, I suspect that I likely wouldn’t have listened to him; but now I listen attentively to what he has to say. I’ve watched a couple of his more recent messages, and see that he’s improved a lot since the 2006 message posted above.
“National Holiday” a very good idea … go for the “sugar” 🙂
Story of John Bishop (7 minutes)
http://www.youtube.com/watch?v=gTSJukKkvW8
Thanks Marc. I totally agree. Hard assets are the ultimate hedge against currency debasement and non western populations know that and understand that. However, having lost my shirt in the last two years on gold miners, I am a bit wiser now. What you need to look at is the potential downside with these mining investments. I actually think Uranium is the best mining investment currently. As long as we don’t have another Fukushima, the downside looks extremely limited to me.
Yes, but before gold goes to $20,000 per ounce there will be currency wars leading to real wars and the governments will put windfall taxes on gold and gold miners. Look at history. The oil companies got a windfall tax in the 70s and we know what happened in the 30s. Obviously different commodities need to be invested in different ways and counterparty risk, leverage etc differs and affects different investments differently. I still maintain gold is still a store of value and cannot be used as currency and never will be again. Try buying anything you need with gold coins in the western world. You will find it very difficult.
If the thesis that “fiat is finished” is fate.
Why do we question our fortune?