Pundit's Perspectives – Thu 8 Aug, 2013

Morning Gold Commentary from Bob Moriarty

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Featuring:
Bob Moriarty

Comments:
  1. On August 8, 2013 at 8:56 am,
    Dick Tracy says:

    I concur with Bob, the crash in stocks will start to accelerate around the first week of September, and sometime around October 22nd we will see a panic and forced selling from margin accounts that will be a waterfall. DT

    • On August 8, 2013 at 10:22 am,
      Big Al says:

      That Machine Gun, is certainly very possible in my mind. I would go so far as to say I would give it a very high probability.

      • On August 8, 2013 at 10:55 am,
        Matthew says:

        I don’t know, Al, I think there are just too many who expect a crash for one to happen. Even if stocks go into a nasty cyclical bear market with ultimately huge losses, I think the decline will occur over a protracted period -like we saw from 2000 to 2002-3.
        We may just see a correction here before heading nominally higher. If the dollar falls apart, many blue chip stocks would be relative safe havens. Even so, they will be plunging relative to gold and the miners.
        I was short the market in the summer of 2008 and it felt lonely. I am not short now because there are plenty of bears and things are a bit different thanks to TARP, QE, etc. I’m more bearish all fiat currencies right now than I am stocks.

        • On August 8, 2013 at 10:59 am,
          raymondo says:

          Martin armstring thinks the dow will double by 2015. 30;000+ dow. Will shall see

          • On August 8, 2013 at 11:09 am,
            Matthew says:

            That would be impressive. I can see 19,000 to 22,000, but 30,000+ spells “crack-up boom” convincingly, to me. The HUI would go up 5 to 10 times in that scenario.

          • On August 8, 2013 at 11:44 am,
            Fred says:

            That would be a Zimbabwe stock market type situation but their currency was 99% worthless.

            USA = Zimbabwe (can hardly wait for that)

          • On August 8, 2013 at 12:31 pm,
            impeach says:

            Fred, you’ll literally be able to make a ton of money if you order plenty of those “Please don’t throw any US$ into toilet” signs now.
            🙂

          • On August 8, 2013 at 1:40 pm,
            Big Al says:

            I simply cannot agree with him Raymondo!

          • On August 9, 2013 at 11:11 pm,
            Doug says:

            Armstrong only says it is the range of possibilities the dow could go to 430000—–but by 2015-sept look out

        • On August 8, 2013 at 1:39 pm,
          Big Al says:

          Matthew,

          You could be correct. But I just don’t like the complete lack of fundamentals in existence.

          I am starting to think that folks are supporting the conventional markets out of fear for the future if they don’t. May sound a bit nonsensical, but look out!

        • On August 8, 2013 at 6:12 pm,
          Shad says:

          Good thoughts Matthew. People may flee to dividend paying blue chip stocks as safe havens in that scenario. They did in 2011, 2012. This would prop up some of the indexes and would be fueled by institutional funds needing to park $ somewhere. While they may indeed come back into resource stocks & ETFs for materials, PMs, energy, they would never put all their funds there, so the staple big name stocks would still be recepients. However, the traditional markets are over hyped on the fed gravy right now and it flies in the face of the earnings reports these companies are posting. One last thing to consider is the Millenials are now working and they have 401K and IRA funds that need to park money somewhere, so this is another factor few are discussing. The Millenials are a bigger population than the Gen Xers but not quite as big as the Baby Boomers.

          • On August 9, 2013 at 7:02 am,
            JERRY the Long..................O^OTB says:

            Shad….do the Millenlials have any money left to invest?…seem to me they are a whole lot in debt..just asking………..

    • On August 8, 2013 at 1:00 pm,
      JERRY the Long..................O^OTB says:

      DT…..OCT . IS A GOOD MONTH FOR THE BOOGY MAN……..HALLOWEEN..AND ALL THOSE devilish players, called wallstreeters…….

      • On August 8, 2013 at 2:11 pm,
        Dick Tracy says:

        Jerry I just started drinking this dark german beer brewed in Waterloo, instead of making you want to march it improves your dance step, I think they should name Leprachaun Beer. DT

        • On August 8, 2013 at 4:59 pm,
          JERRY the Long..................O^OTB says:

          DT…..it must be in the water….loo too…………..

        • On August 8, 2013 at 9:16 pm,
          Big Al says:

          Nothing better than quality red wine. Not trying to be critical.

    • On August 8, 2013 at 2:42 pm,
      Dick Tracy says:

      This one is for ADB (Rev), I think there will be a lot of sinners lining up at the gates of hell, and the guy who has to operate the entrance will be very busy for a very long time. Ha, Ha. DT

      • On August 8, 2013 at 9:25 pm,
        Big Al says:

        Not so funny Machine Gun!

    • On August 8, 2013 at 9:06 pm,
      Silverbug Dave says:

      I see a head and shoulders potential failure on the Nikkei and other bearish signs. Stick my neck out what would target be?
      Head at 14893, neckline at 13267:
      14893-13267=1626 height of H&S
      Measured move would be -1626 points
      Potential failure point of neckline is 13680
      Measured move could be to
      13680-1626=12054.Yeah, well maybe it will go to 20,000 instead?

  2. On August 8, 2013 at 11:01 am,
    raymondo says:

    Sorry I mean martin armstrong

  3. On August 8, 2013 at 11:29 am,
    PF says:

    Al, basic technicals are easy to learn.

    • On August 8, 2013 at 1:41 pm,
      Big Al says:

      Any suggestions for a source, PF?

      • On August 9, 2013 at 12:24 pm,
        PF says:

        I learned about how to use technical indicators like moving averages, Relative Strength Index, and MACD just by Googling them.

        • On August 11, 2013 at 8:39 am,
          Big Al says:

          Thanks PF!

  4. On August 8, 2013 at 11:34 am,
    Matthew says:

    India imported 25%+ more silver by May of this year than in all of 2012. At this rate, india will import 2 to 3 times as much in 2013 compared to 2012.
    http://www.scrapmonster.com/news/indias-silver-imports-exploded-during-h1-2013/1/9470

    • On August 8, 2013 at 1:41 pm,
      Big Al says:

      Had no idea, Matthew. Thanks

      • On August 8, 2013 at 3:00 pm,
        benb says:

        Just noticed you saying india importing silver. Havnt read the article you have posted but from what I read the indians are trying to reduce gold purchases. That caused an increase in silver purchases, now I have been reading that smuggling gold is way up.
        Guess those Indians just wont be denied their metal.

  5. On August 8, 2013 at 1:01 pm,
    JERRY the Long..................O^OTB says:

    I think BOB is spot on……remember don’t fight the Fed, and don’t mess with Bob.

  6. On August 8, 2013 at 9:16 pm,
    Dennis F. Brophy says:

    I think the stock market crash & bank run on bail-ins could come real soon this year, if Glass-Steagall is reenacted in Congress, which has most of the Democrats voting for it, as well as some Republicans too, like Sen. John McCain is pushing it for his buddy Obama. Obama is looking for that certain black swan event that will cause him to declare Marshal Law and then suspend the Constitution indefinitely, thus eliminating free elections forever, and making himself sole ruler of the United States.

    • On August 8, 2013 at 9:50 pm,
      Big Al says:

      That. my friend is very possible.

    • On August 9, 2013 at 7:04 am,
      JERRY the Long..................O^OTB says:

      The two headed snake MCCAIN at work…..are we sure he is a Republican?

    • On August 9, 2013 at 7:11 am,
      JERRY the Long..................O^OTB says:

      Dennis, Marshal Law, needs a marshal and THERE AINT NOT NEW SHERIFF IN TOWN…, only a moron in control of the steering wheel……Plus , BILL AND HILLERY WOULD NOT AGREE WITH THAT……..

    • On August 12, 2013 at 1:22 am,
      Rusty Brown in Canada says:

      It’s not “marshall” law, it’s “martial” meaning “military” as in “martial music” and “court martial”.

      • On August 12, 2013 at 8:28 am,
        Big Al says:

        I believe that is sadly correct Rusty.

      • On August 12, 2013 at 6:05 pm,
        JERRY the Long..................O^OTB says:

        rusty see note below……….you are not the smartest baby in the crib………..

  7. On August 9, 2013 at 3:29 am,
    Andrew de Berry (Rev) says:

    Yes, Dennis: Please God Glass Steagall

    http://www.youtube.com/watch?v=hOJLWtSfKks

    • On August 11, 2013 at 8:14 am,
      Big Al says:

      Certainly hope it comes back. Huge step inthe right firection!

  8. On August 9, 2013 at 7:17 pm,
    Sparrows345 says:

    Besides “Bob” being an avowed anti semite and a 9-11 conspiracy nut, he has some good thoughts from time to time.

    • On August 9, 2013 at 9:33 pm,
      Matthew says:

      The nuttiest 9-11 conspiracy theory is the official one.

      • On August 10, 2013 at 10:05 pm,
        Paul Lake says:

        Too True! The official conspiracy theory has more holes than a sieve.
        By the way folks, it’s Martial Law, not Marshall Law. As in military, as in Court Martial.

        A lot of smart commentators, from John Hussman to Martin Armstrong, make logical and compelling arguments for the probability of this or that outcome in the markets. All I know is that the precious metal within my reach is a bit of an insurance policy, whatever happens to the fiat wall paper.

    • On August 11, 2013 at 9:46 am,
      Big Al says:

      I would not csll him an anti semite. He is anti zionist and there is a difference.

      • On August 12, 2013 at 1:33 am,
        Andrew de Berry (Rev) says:

        Belated agreement Al. Furthermore the true Zionist never believed in securing Israel as a literal homeland. Zion is a metaphor like the hymn Jerusalem. But don’t get me going on this one!

        • On August 12, 2013 at 8:24 am,
          Big Al says:

          Thanks Reverend

  9. On August 10, 2013 at 9:41 am,
    William says:

    With printing dollars same as free, I don’t see a dollar value crash of the stock market, but a dollar crash in buying power is long over due with a runaway PM market. If our pseudo president tries to confiscate weapons (especially using the 15,000 Russian soldiers he has asked in to help in disasters), declares marshal law, or tries for a new term there will be a terrifying civil war that will make the first one look like a walk in the park….and it was our worst war so far. The future is potentially very hazardous. The stock market could be the least of our problems.

    • On August 12, 2013 at 1:25 am,
      Rusty Brown in Canada says:

      “Martial” law, meaning “military”. Not “marshall”.

  10. On August 12, 2013 at 6:05 am,
    Boston Blackie says:

    Al, you asked what we think. I think I’d like to hear more from your guests. During this interview, you spoke 70% of the time and Bob spoke 30%.

    • On August 12, 2013 at 8:21 am,
      Big Al says:

      Point well taken, Boston.

      Thank you.

  11. On August 12, 2013 at 6:01 pm,
    JERRY the Long..................O^OTB says:

    MOST OF YOU HAVE not been on the site , before, so you would not or could not see the humor that is being suggested, as we call BIG AL , THE MARSHALL,SHERIFF, SO GROW UP YOU military knit pickers……………….