Gary Savage – Mon 30 Sep, 2013

Monday commentary from Gary Savage

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Featuring:
Al KorelinCory FleckGary Savage

Comments:
  1. On September 30, 2013 at 10:09 am,
    bb says:

    I thought the discussion was about gold, then Al asked whats your opinion on gold?
    lol Anyway, what I take away from that is Gary expects to test the “nominal” high of gold at about 1350? and come back down, if it goes lower than 1290 then gold continues down.
    Do I have that correct?

    • On September 30, 2013 at 10:24 am,
      bb says:

      My mistake, I didnt hear the start of the interview.

    • On September 30, 2013 at 6:57 pm,
      Big Al says:

      I believe so, bb!

  2. On September 30, 2013 at 10:17 am,
    John Chew says:

    A lot of sound and fury signifying nothing.

    If the price goes up, then expect higher; if the price goes lower expect lower. THEY will manipulate the price lower or it could be higher.

    Just ridiculous.

    • On September 30, 2013 at 10:28 am,
      SD Marc says:

      That is what this market has disintegrated to – absurd AND ridiculous.

      • On September 30, 2013 at 10:29 am,
        SD Marc says:

        HEY! I am back in the mix with my fellow “Korelinites”! Glory be!

        • On September 30, 2013 at 11:45 am,
          Matthew says:

          Welcome back, Marc!

          • On September 30, 2013 at 1:01 pm,
            SD Marc says:

            Thank you. Matthew.
            Really, really enjoyed reading all your incredible and studious insight…simply awesome, my friend!

        • On September 30, 2013 at 7:06 pm,
          Big Al says:

          And, it is truly great to have you back, Marc!

          Was Sarah of any help?

      • On September 30, 2013 at 7:05 pm,
        Big Al says:

        Are you referring to the market in general or to one interview?

    • On September 30, 2013 at 7:03 pm,
      Big Al says:

      A little light John!

  3. On September 30, 2013 at 10:32 am,
    SD Marc says:

    The GOLD MARKET has been properly diagnosed and analyzed by the INTERNATIONAL FORECASTERS recent article – A MUST READ….PEOPLE!

    • On September 30, 2013 at 7:07 pm,
      Big Al says:

      Who is writing International Forecaster now?

  4. On September 30, 2013 at 10:59 am,
    James (the greater) says:

    John – you are right. This is the extent of GS analysis. Useless. Cover all your bets and say you were right.

  5. On September 30, 2013 at 12:01 pm,
    Glen says:

    Gary can to talk about these markets in the context of market cycle hocus pocus if he wants to. In reality the markets are reacting solely to the geopolitical and budget drama events almost exclusively. And, we have the cover of the Treasury Dept to step in to tweek the markets if anything gets out of hand. Wouldn’t want gold to go higher than 1350 for example.

    • On September 30, 2013 at 7:09 pm,
      Big Al says:

      I agree with you Glen.

    • On September 30, 2013 at 8:00 pm,
      Paul L says:

      On Sunday gold stopped at 1350 at the open. Once the budget is solved that could hit gold while gold has had no gains and then the payrolls report it will get hit again in advance.

  6. On October 1, 2013 at 7:56 am,
    cameronlego says:

    There is one point I have to agree with Gary here in that the major investment banks like Goldman Sachs is basically telling everyone to get out of gold. That gold is going to drift lower. They obviously are pushing it down and yes I agree the reason is because they want to buy it at lower levels.

    • On October 1, 2013 at 9:56 am,
      Big Al says:

      Morning cameronlego,

      When Gary started saying this I assumed he was nuts. Now I am not so sure.

      I will say; however, that I still don’t see $1000 gold.