Pundit's Perspectives – Mon 25 Nov, 2013

John Kaiser on where the gold market is going

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John KaiserAl KorelinCory Fleck

  1. On November 25, 2013 at 1:29 pm,
    Andrew de Berry (Rev) says:

    All/Cory couldn’t get any of the interviews today. Something about ‘buffering’? A

    • On November 25, 2013 at 1:37 pm,
      Skeeta says:

      Yep….same buffering problems here too Rev.

  2. On November 25, 2013 at 1:38 pm,
    b says:

    me 2.

    • On November 25, 2013 at 2:46 pm,
      chris says:

      ME2……………………..no sound, just buffering.

  3. On November 25, 2013 at 1:40 pm,
    Dan, calgary says:

    They were saved as .wav files.

  4. On November 25, 2013 at 1:40 pm,
    franky says:

    download show next play you can listen

  5. On November 25, 2013 at 1:41 pm,
    Dan, calgary says:

    Anyone else enjoying the turn-around in the PM prices today?;-)

    • On November 25, 2013 at 1:47 pm,
      franky says:

      PM ?

      • On November 25, 2013 at 1:50 pm,
        Dan, calgary says:

        Precious Metal

    • On November 26, 2013 at 2:08 am,
      Andrew de Berry (Rev) says:

      Yep. don’t let Billy get to you even if he’s right!!!!

  6. On November 25, 2013 at 1:54 pm,
    BUD says:

    If you download the show, you can listen to it.

  7. On November 25, 2013 at 3:17 pm,
    Ryan J. says:

    I would actually expect silver to outperform gold in the years ahead if even a fraction of the frustration and anger at this current system were channeled into an asset that was also considered money once in the U.S. constitution. The concept of a darkening social mood is one of the most important drivers of physical demand for silver, even as it is true that overall demand for the metal is still dictated by industry. But the trend change in terms of physical demand for silver is much more dramatic in percentage terms than demand for gold since about 2005.

    • On November 25, 2013 at 3:35 pm,
      Dan, calgary says:

      The Gold / Silver ratio is of great interest to me.


      • On November 25, 2013 at 4:11 pm,
        Bobby says:

        dan, you might like Franklin sanders, aka the moneychanger, http://www.the-moneychanger.com, he states the ratio daily.

    • On November 26, 2013 at 11:24 am,
      SD Marc says:

      If this is Dr. Ryan JORDAN…great job on your book, Ryan!!!

  8. On November 25, 2013 at 6:04 pm,
    Billy says:

    ii bits: Gold / silvers toast until we get a washout. When the real crying begins then maybe.
    In 2000 everyone had a real chuckle including my X broker that I was buying gold snd silver. At the top I was getting phone calls on how to buy silver. NOW everyone is telling me its a bottom….Ya okaaaay maybe a bounce started today…When they stop asking well have a bottom…

    • On November 26, 2013 at 6:44 am,
      Dan, calgary says:


  9. On November 25, 2013 at 9:46 pm,
    Matt says:

    It is said that above ground global silver supply remaining is 1B oz or 31,250 metric tons.
    Above ground global gold supply is 171-174,000 metric tons.
    Silver has nearly all been used and nearly all of the historical gold still exists today.
    The reality is that silver is 5 X rarer than gold and yet we have a US Fed that supports Fed fiat and controls/punishes the PoS with paper contracts.
    The present GSR is 62.7:1.
    Yet,physical silver is five times more rare than gold. which means that the Fed/Comex is paper pricing silver at (62.7X 5) as though it is 313.5 X less valuable than gold.

    “So even though 8 times more silver than gold was produced throughout history, 5 times more gold than silver exists above ground today, due to silver’s industrial consumption profile over the past 100 years.” Ted Butler

  10. On November 25, 2013 at 10:26 pm,
    Billy says:

    Does anybody want to make money around here or just talk crap psychobabble or make money. Gold / silver down till further notice.

    • On November 26, 2013 at 7:23 am,
      Matthew says:

      Even if lower lows are made many weeks from now, it looks like the sector is going to go up first. I like silver more than gold right now.

  11. On November 26, 2013 at 2:23 am,
    Matt says:

    Ted Butler is the authority on silver.
    Sorry,Billy-and you would be…….?

    • On November 26, 2013 at 7:58 am,
      b says:

      Yup, Ted Butler is THE man when it comes to knowledge about anything silver.

  12. On November 26, 2013 at 4:27 am,
    James (the lesserr) says:

    There is NO AUTHORITY in gold and silver.
    Just a bunch people giving their opinion.
    No one know where gold and silver are going.
    Right now they are going down and will continue in that direction until some possible event, black swan, sentiment changes the direction.
    How low and how long before that happens. I have no clue. Neither does anyone else.

    • On November 26, 2013 at 5:28 am,
      Bobby says:

      James, I mostly agree, except “somebody or some group” knows EXACTLY where gold and silver is going, but they are only telling their bedfellows.

    • On November 26, 2013 at 8:09 am,
      b says:

      Hi James. Ted Butler knows pretty much everything there is to know about it I am sure.
      What he doent get is phone calls from Berneke and probly not Yellen either.

      Everything is finite in these markets, its all research and math. Ted Butler has done the research. Of course he has no control over people dumping 1000s of contracts, all he can do with that is sit back and watch, same as the rest of us.
      And be amazed at how long they can do it,wonder how much longer it will go on.

  13. On November 26, 2013 at 4:30 am,
    James (the lesserr) says:

    There was no turn around in gold and silver yesterday.
    Just another dead cat bounce to keep the gold bulls hanging on.
    Typical slope of hope bear market

  14. On November 26, 2013 at 4:33 am,
    Gary says:

    As of 7 O’clock this morning the attack on gold has begun. The intervention is going to try and hold gold below $1250. If gold can fight off the attack two days in a row, that would be a strong sign the daily cycle has bottomed and maybe the bull has finally broken the manipulation.


    • On November 26, 2013 at 6:15 am,
      Bobby says:

      so you are saying that the dollar has just one year before the collapse?

    • On November 26, 2013 at 8:03 am,
      b says:

      Checked the blog and listened again to your interview Gary.
      From what I understood your still expecting a drop in the gold price, after a bit of a bounce.

      On the other hand if gold stays above 1250 for 2 days the bottom “could be” or is in.

      So naturally, gold will float right around 1250 a little above and below it for the next 2 days.

      • On November 26, 2013 at 11:09 am,
        Gary says:

        Gold is due for a bounce out of a minor daily cycle low. If it bounces hard enough it could signal a final bottom and that would take a move down to $1000 off the table.

        I think that would require the dollar to roll over here and start falling hard.

        On the other hand it’s pretty obvious that the manipulation came back early this morning and is trying to regain control of the metals. They need to keep it below $1250.

        • On November 26, 2013 at 11:48 am,
          b says:

          I sure like your perspective Gary.
          I tried what seemed forever to get people to attempt to take the manipulation into acount. Glad your around and am glad your as acurate as you are.
          I think the criminality needs to be spoken of in a “matter of fact way”.
          IMO people have to recognise and accept a situation before it can be dealt with.

  15. On November 26, 2013 at 6:09 am,
    Irwin says:

    This guy makes Gary look like a raging bull.

    price objective $725 to $680 (?)

    • On November 26, 2013 at 6:20 am,
      Irwin says:

      oh, forgot to mention;
      my limit order for SPPP was filled at 8.75
      then, in the last minute of trading some lucky dude swooped in for a nice 8.55 scoop.

      • On November 26, 2013 at 11:21 am,
        SD Marc says:

        Keep it going Irwin! You, my friend, are definitely NOT a fool…great job!…:)

    • On November 26, 2013 at 6:23 am,
      Bobby says:

      If he is correct, this might be the last chance for the $1000.00 gold buyers to get out with a profit. Any idea of his track record? Did he call the turn in 2010?

      • On November 26, 2013 at 6:34 am,
        Irwin says:

        No idea Bobby .. never heard of him before.

        Q – what is “profit”?

        • On November 26, 2013 at 6:49 am,
          Bobby says:

          true, sell the physical and then what?

          • On November 26, 2013 at 6:59 am,
            Irwin says:

            I’ll likely continue to accumulate all the way to zero … but always stay within my allocation.

            It could happen that the ones to hurt us most, are the ones who have been most bullish on this sector these past two years. Some of them have been “all in”, don’t have funds to add to positions, and if this down-trend continues for much longer, they may be forced to start selling just to stay alive.

            Without even considering effects of leverage, just forced selling of paid-up positions, could spike gold well below $1k.

          • On November 26, 2013 at 7:47 am,
            Matthew says:

            Rambus is a good technician, but he does let a negative personal bias color his work a little –in my opinion, of course. I obviously have a positive bias, however, the difference might be that I am aware of mine.
            I agree with Irwin’s post directly above and will also accumulate all the way to zero. I bought physical silver yesterday and am buying juniors today.

          • On November 26, 2013 at 7:54 am,
            Bobby says:

            Well I started early my buying all i could gold under $500 and silver under $5.00, I did buy however silver up to @22.00 and gold to $1500. Of course, I counted my winnings as profit and therefore consider myself down at least 25% in physical. The stocks are a different story. Yes, I live on my investments and when the returns do not produce enough to pay the bills, I am forced to sell. Hence, my status, selling.

    • On November 26, 2013 at 6:51 am,
      Dan, calgary says:

      Much like Billy above he makes a mistake near the end; he uses the word “Never” and Billy uses the word “everyone”. Dangerous words for investing.

  16. On November 26, 2013 at 9:54 am,
    Billy says:

    1 in a thousand or less = pretty much everyone.

    • On November 26, 2013 at 9:58 am,
      Dan, calgary says:

      Wow, that’s is pretty much everyone and from a large pool too.

  17. On November 26, 2013 at 10:02 am,
    Billy says:

    Dan come on man . If you took a survey in 1999 whats the % of buyers.
    .01% maybe.

  18. On November 26, 2013 at 10:04 am,
    Billy says:

    In 2000 most of the engineering department a Telus Mobility was buying Nortel and every other Tech stock. How’d that turn out?

  19. On November 26, 2013 at 10:16 am,
    Dan, calgary says:

    IMHO the inflation boggie man is lurking in the shadows and will be the catalyst that sends gold and silver up again. I am not sure when this will happen because it seems that it is up to the PTB. I am only one person such as you and am making my statement by putting my money where my mouth is. I comment on gold because it is a hot topic but I truly believe in silver as a hero metal for the future of mankind. I try to stay simple because complications is how the PTB win.

    • On November 26, 2013 at 10:45 am,
      Dan, calgary says:

      For example: The price of silver is high so innovators in a lab somewhere develope a complex carbon molecule that can mimmic most of the qualities of silver at a lower cost. Great! However, that molecule does not have the devine simplicity of silver. There will be a flaw in the structure of the new molecule somewhere because the fundamental building blocks are what silver is made of. It is all about the structure, shape and weight of the atom; that cannot change.

      Maybe we will be buying “Smell Bags” instead of bags of chips; open it and get a whiff of what used to be in there.

      The single thing IMHO that has changed the inflation landscape is the supply of Natural Gas in North America.

      • On November 26, 2013 at 11:01 am,
        Bobby says:

        Dan, the problem with silver is mobility… The typical retired person needs 1-10million in assets, a 25% allocation in silver would be 250kto 2.5 million. Just the 250k at today would be over 12,000 ounces of silver, lots to move!

  20. On November 26, 2013 at 10:30 am,
    Jon says:

    Cant hear any of the recordings for today….buffering then no sound

  21. On November 26, 2013 at 10:36 am,
    Billy says:

    I made more money watching people than scrubbing though numbers. We have both inflation and deflation today…depends what you look at. The market is looking ahead a fair bit ahead of us. What does it see now? Maybe systemic risk has declined? Maybe Inflationary forces backed off? The velocity of money is down 50%? Its easier to make money when something is hated. All the sellers have gone away and doesn’t take much of a bid to move something up. At the end of the day we are looking for a return on or capital…There will be a crap load of reasons to buy at the top and the same to sell at the bottom. Ive found it best to invest against the heard. That was all I was saying when i said “everyone” If gold / silver looks like Nortel I don’t care what the reasons are to buy them…bye bye. I offed my 3,000 oz silver at $49 and am happy with that. Luck on the timing was involved!

    • On November 26, 2013 at 11:06 am,
      Bobby says:

      Billy your trade was fantastic, Just wondering who you sold the silver to and how you made delivery and also what were the denominations? I appreciate your help.

  22. On November 26, 2013 at 11:30 am,
    Billy says:

    It worked out well. I bought 100 oz bars and new maple leafs from J&M Coin. Back at $5-$12- $15 OZ and since I live 6hrs and 2 ferry’s from them I rang them that Monday morn. Sunday Night it hit 50$. They took the whole lot. I guaranteed the spread with my credit card. When I got there the next day a guy in the store asked me why I was selling and he bought the lot! I would never buy an asset that launched a 1000% to look for another 10% on a parabolic spike. Well that’s what I thought. I said I had simply made a profit. Those kind of spikes end Bull Markets as did the NASDAQ techs. I’m not 100% sure that was the end of the bull….time will tell but fundamentals still point to a continued bull…

  23. On November 26, 2013 at 11:52 am,
    Billy says:

    AND good luck! We always need some of dat!
    A NOTE ON MANIPULATION I think is accurate:
    When they rig the game, they pay no attention to trend and thus lose EVERY single time the same as the Gold Promoters who only say buy. If the banks were such great traders, they would not need bailouts. The fact that they blow up every time, demonstrates the markets CANNOT be systemically manipulated – they can only manipulate with the trend. There are no WHALE trades that management does not know about. Rogue Traders are scapegoats – management is keenly aware. Bear Stearns refused to participate in the LTCM bailout, and they were on the hit list also for not playing ball in the 2007 debacle.