Gary Savage – Thu 21 Nov, 2013

Closing the day out with Gary’s comments on the markets

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Gary Savage coloes out our day with his comments on gold, silver, and the conventional markets.


Featuring:
Gary SavageCory Fleck

Comments:
  1. On November 21, 2013 at 3:41 pm,
    CFS says:

    IF this treaty is passed, Obama’s destruction of America as we know it will be complete.

    https://wikileaks.org/tpp/

  2. On November 21, 2013 at 3:42 pm,
    CFS says:
    • On November 21, 2013 at 6:31 pm,
      b says:

      Good link cfs.
      I agree with Celente, people dont have the courage dignity or respect it takes to do anything.
      I have said for a long time now, its neat to watch facism take control and people dont care enough to do a darn thing. Maybe people are too stupid or maybe they believe facism is a good thing, for some it would be I guess.

      Alex Jones is trying, he attempted to get people together in Dallas for the aniversary of JFK murder, but very few people bothered. Interesting, I saw no black asian or latino people there, of the few that showed all I saw were white.

      Well, I guess Celente is doing what he can.

  3. On November 21, 2013 at 4:04 pm,
    SD Marc says:

    Hey, there is NO DOUBT we our getting are arsses kicked. BUT, our day will come. If you sell now – you are foolish…end of story…….:)

    • On November 21, 2013 at 5:01 pm,
      Cory says:

      I agree 100% Marc!

    • On November 21, 2013 at 5:35 pm,
      b says:

      Well, if you bought at $50 an oz and sold now your nuts unless you need the cash of course, but if you bought at $5 there is nothing wrong with the profit. Still a triple or better.
      All perspective.

  4. On November 21, 2013 at 4:33 pm,
    Dick Tracy says:

    No matter how long you are an investor in these markets if it teaches you anything and that is if you are willing to learn, life is very fickle you would like to think that people can see through what is happening, they can’t.

    So how do you invest, well you wait for the bottom and then you wait for the hole in the bottom and then you buy and remember that you will be selling when the non contrarians have figured out what you knew a long time ago. Is that hard no it is the only way to win. DT

  5. On November 21, 2013 at 4:34 pm,
    Gold Bug says:

    Forget about gold/silver, Bitcoin says “eat my dust!”

    • On November 21, 2013 at 5:38 pm,
      b says:

      Thats funny, Peter Schiff,Jim Rickards and Doug Casey think bitcoin is a real risky thing now.
      Other people have it figured to equal 700 oz of gold per coin.
      As Doc says, we will know more in a couple weeks. lol

  6. On November 21, 2013 at 4:38 pm,
    gary says:

    Seriously you want to chase something that is up 300% in a month?

    I thought the way to make money is to buy low and sell high.

  7. On November 21, 2013 at 4:50 pm,
    Skeeta says:

    Guys,
    Is there any reason why Gary’s views are not available on iTunes ? (I’d appreciate it if they were available so I could download & listen when in the car)
    As I am able to do with both the Doc’s and Ricks views.
    Cheers,
    Skeeta.

    • On November 21, 2013 at 5:00 pm,
      Cory says:

      I am not sure why you can not get Gary’s interview on iTunes. I will have our webmaster look into it.
      Thanks for letting us know Skeeta.

      • On November 21, 2013 at 5:07 pm,
        Skeeta says:

        Thanks Cory…that’d be great if your webmaster could fix that.

  8. On November 21, 2013 at 4:51 pm,
    Rob says:

    While all gold bugs are focused on gold market, have any of you made any money in the normal stocks? Interesting facts and charts here:
    http://seekingalpha.com/article/1853781-is-a-bear-market-right-around-the-corner-what-the-2007-top-can-tell-us-about-the-present

  9. On November 21, 2013 at 5:43 pm,
    CFS says:

    Rob,
    I do not know of whom you were inquiring, but I have made money in regular stocks, e.g. XOM, GE, ECA to name a few.

    I also lost over a $million on a diversified precious metal portfolio of which my biggest holdings are SLW, GG, MUX, SAND and PVG

  10. On November 21, 2013 at 6:19 pm,
    James (the lesser) says:

    Peter Schiff, Doug Casey and Jim Rickards all think bitcoin is a risky investment…doesn’t surprise me since they all sell gold or write books about it. Surprise surprise…

    • On November 21, 2013 at 6:57 pm,
      b says:

      You do have a point James. But we wouldnt be listening to them if we were not interested in PMs.
      Myself, I still have no use for a bitcoin, bubble or no bubble.

    • On November 22, 2013 at 3:04 am,
      Brett says:

      I think we heading for deflation in Europe, no investment is going to be good, even bitcoin. Gold and Silver don’t make people rich, just remember that, it’s safe, safe means tiny rewards! I learnt my lessons the hard way, my friends have all made more profits then I not investing in gold. I won’t make that mistake again.

    • On February 3, 2014 at 5:44 pm,
      Iuri says:

      John,Why does one need financial prvcaiy? Hiding money from a spouse? Possibly. Although in that case I’d suggest tackling the matter head on rather than through Bitcoin. How about financial prvcaiy from the government? Well that is usually not legal, so long as you trust your government to act in a fair manner.Your second point Using Bitcoins for freedom Freedom from what? Tyranny? Society? Your neighbours prying eyes? Laws you disagree with? Freedom from what exactly?Regarding the cash economy It is used in large part to circumvent tax laws (ask your local small/medium business owner over a couple of beers), and so, as a member of society which depends on tax revenues, yes I would like it removed and replaced with trackable, taxable electronic currency. However, their is of course danger in the tracking and tracing if not managed correctly and securely. At any moment, an individual with less concern for security of such a system may leave it open or use it for other purposes than those for which it was intended. That is the danger. For now, having seen our elected leaders not being the brightest of individuals, I say the cash economy should remain until a guaranteed for purpose electronic system can be developed to replace it. Potentially a multi-key multi-law system protected by a constitutional amendment. It’s security must be guaranteed. The potential increase in tax revenue from implementing a trackable, traceable replacement to cash is immense and in my opinion worth the cost to society, if done right.

    • On November 21, 2013 at 6:29 pm,
      Tex says:

      WELL THAT IS NEWS! Thanks CFS@

    • On November 21, 2013 at 7:38 pm,
      Bird Man says:

      This is a really big story, CFS. Interesting it has gotten so little attention. It is a good thing in my opinion. Currency intervention by the Chinese has been very damaging to US business for years. If the Yuan will float free it will be rising which will make Chinese products more expensive in USD terms. That should help close the massive trade gaps that have created conflict in the past and go a long way towards creating the conditions for a more balanced relationship between the two countries.

  11. On November 21, 2013 at 6:30 pm,
    Tex says:

    In 2013 Gary called for a currency crisis in the fall or 2014….one year from now. Does he still believe that this is true?

    • On November 22, 2013 at 1:55 am,
      gary says:

      Tex,
      The next three year cycle low in the dollar is due in the fall of 2013. Hyperinflation if it’s going to happen would probably occur at the next three year cycle low in 2017.

      • On November 22, 2013 at 7:41 am,
        Tex says:

        oops…i erred… the call was made in 2012 on Bull Market Thinking.

        ….did you mean 2013 for the 3 year cycle low….in which case it is happening now?

        • On November 24, 2013 at 5:15 pm,
          Gary says:

          Sorry. 2014 not 2013.

  12. On November 21, 2013 at 7:06 pm,
    James (the lesser) says:

    I am a believer I’m bitcoin. However the one stumbling block is that bitcoin could be its own worst enemy. What I mean by that is since it is a deflationary currency with a finite number of units that could ever come into existence (22 million) than it might increase in value to the point no one wants to part with them. If people decide to horde them and not purchase things with them then it breaks down as a currency. The nature of fiat currencies like the $ is they are losing value so you don’t mind getting rid of them. Of bitcoin keep going up and no one wants to use them the whole thing breaks down. It will be very interesting to see where this goes

  13. On November 21, 2013 at 7:17 pm,
    CFS says:
  14. On November 21, 2013 at 7:35 pm,
    CFS says:

    macalvany is worth listening to:

    http://mcalvanyweeklycommentary.com/

  15. On November 21, 2013 at 8:11 pm,
    CFS says:

    If you look at this chart:

    http://www.macrotrends.net/1378/dow-to-gold-ratio-100-year-historical-chart

    I believe we are currently in an equivalent position to about 1975.
    i.e the graph is about to peak out in the next year or so and then drop to about 2.
    At that time it would be time to sell gold and pile into stocks over the following few years.
    Nothing should be done precipitously.

  16. On November 21, 2013 at 8:27 pm,
    b says:

    China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan http://www.zerohedge.com/news/2013-11-21/china-fires-shot-across-petrodollar-bow-shanghai-futures-exchange-may-price-crude-oi

  17. On November 22, 2013 at 4:35 am,
    gary says:

    Watch $1250 on spot today. If gold can rally above that level it could potentially signal that the daily cycle has bottomed. This is a tough one as i think the cycle still has more downside, but technically gold is in the timing band for a cycle low and a swing has the potential to mark that low.

    In the bullish column the miners did form a partial reversal into the close yesterday.

  18. On November 22, 2013 at 9:59 am,
    Hal says:

    too much noise–noise from China on no more dollar reserves, Oil in Yuan and noise from NY on the expiry Monday and first notice Friday after holiday.

    Almost anything can happen short term.

    with all the fundamentals and weak PM sector once it does turn up its going to take a lot to stop it.

    on printing for general market -just look at monetary base–and its all about printing which should be great for pm

    Greater than for stocks and bonds. When that day comes better be ready as it probably comes overnight -I have visions of waking up and looking at pc and seeing price of gold up a lot and have to wonder if I am dreaming.

  19. On February 3, 2014 at 3:54 am,
    Pesek says:

    As long as people are rnuning he software bitcoin will continue to exist. If some of the early adopters cash out the price will certainly fall, but the currency wont fail. For many the point is the ability to transfer money internationally with no fees and no hassle. The value of a coin does not really matter, as long as the price fluctuations are no worse than currencies they would otherwise have to deal with.