John Kaiser joins us again to talk how politics play a roll in the gold market
Click download link to listen on this device: Download Show
BNN, new word for the day, shrinkflation. Less product in the box for the same price. A definitive precurser to INflation.
“shrinkflation”….how accurate!
I like that one!
Agreed. Yes, the potato chip bag strategy…. there is a limit to how much product can be “shrunk”, but there is no limit to price when there is only one potato chip left in the bag. 🙂
So just what would happen if QE were stopped dead in its tracks?
Bitcoin is now the 5th top payment system in the world.
How long does it take to download?
Is there a secret password or magic incantation required?
Har, bitcoin really took off. Wish I was competant with computers I might have got some, but really I have no use for them and nobody I have met is useing them. I cant spend them anywhere around where I live except online. But no grocery stores or gas stations useing them that I no of.
I do like the idea of bypassing banks and governments. But it is not anonymous as some people would have us believe. Some people here have said they have saved alot useing it to transfer funds. So, I guess it has an advantage for that.
You use them to buy gift cards. http://www.egifter.com/bitcoin/
eGifter offers Bitcoin payments for eGift Cards! Buy any of our 100+ eGift Cards with your Bitcoin; Fast and simple checkout process with no additional fees
I travel all over the world. Instead of paying currency conversion fees I buy a gift card. Any remaining balance gift card balance I can transfer back to bitcoins before I leave. Egifter is just one example among a couple dozen.
Site I use for Australia: https://bitcoingiftcards.com.au/
Egifter you have to create an account to view – so don’t bother. I forgot about that.
b found a way you can view the egifter offerings without creating a account: http://www.egifter.com/giftcards/ This is a U.S. based site. But all 14 countries I have visited this year have had similiar sites for their countries. The gift card is an e type. You can either print it out or use your phone at point of purchase to pay.
Har, thx for the info but I dont travel and I dont transfer funds. When I go buy somthing I use Canadian currency and have no problem with it. I really have no use for bitcoin, which is why the only reason I might have bought some was to make a profit. The trouble with it at the time is a person had to be computer literate to do it. I am not. Ultimatly I think the restrictions on use is what will affect it. Not saying there is no use, its just limited as to who can use it.
Bitcoins are way too volatile to have any realistic use as currency. They are just the latest bubble and one that will end badly just like TSLA and AAPL before it.
I actually just got back from a store called “future shop”. I needed a new mouse. (thought I did) Anyway, they were all young “geeks” so I asked them about bitcoin, they smiled and told me they had none and have no use for them.
My point of course is if the young “geeks” are not interested how far can it really go?
Ya never know tho, it will be interesting to see.
Take a look at the one year chart at the bottom. IMHO there is a head and shoulders pattern with a rising neckline there. Don’t know exactly what it means for the chart and the price of gold…
I am in silver and leave gold to the big boys.
Same problem as yesterday, buffering (I actually wrote buggering) on the audio file and it will not play.
Downloading it (slowly) gives a wave sound file instead of an mp3.
What’s happening?
Like gold compared to bitcoins. To do what I would do with gold would cost me double digits in commissions.
Like buying a car and cutting out the dealer – now cut out the PM dealer.
COMPUTER GEEKS %@#@#
THEY SHOULD LEARN THAT “IF IT WORKS DON’T FIX IT!”
Hey Big AL….you are crushing my holiday spirit with this wave file craziness….I am not able to hear any recordings from today or yesterday…..can anyone help?
I am getting buggered by the buffering ….ha ha
I am a computer geek and we run the world.
Most people have no clue what we do.
There are only 10 kinds of people in this world, those that know binary and those that don’t.
I like that comment! That is your “10 penny worth!”
The usual suspects on the internet have been spouting their usual nonsense about the sellers selling ‘uneconomically’ in gold by selling largish tranches at a time.
However, they are incorrect. The chart clearly shows a kind of reverse Swiss Stairs formation in gold, except that the flat partds of the stairs are uptrending choppy action.
The sellers are allowing the bulls to take the price up before they sell each tranch. As soon as the price reaches resistance, they sell another lot. Does this imply that there is a very large seller unloading a very large position in tranches?
Fascinatingly, the upsloping lines are exactly parellel to the support line for the late June to August rally from $1180 to $1434.
These lines sees choppy upside action along them.
Every upsloping line in the chart linked from here is a support line that becomes resistance and then there is a markdown. This has been true for all the action since the red arrow at $1376.
These guys are getting a decent price for their gold that they are selling.
However, gold is challenging the key $1251 level right now, this very moment, on Monday 25 November 2013 at 20:25 GMT
http://1000gold.blogspot.co.uk/2013/11/gold-charts-still-bearish-2013-11-26.html
s of Tuesday it made it to 1257-1258 for a moment then turned straight down again! Not at all surprising.
Kitco confirms the bear market psychology by having the headline:
“Comex Gold Sees Corrective Technical Bounce And Short Covering – Kitco News, Nov 26 2013 8:21AM”
This is the first time I remember seeing the phrase corrective bounce used, ie a counter trend move in a bear market .
It’s all in the US dollar. On that bounce in gold, the US dollar went from going up to going down, now it is going up again and gold has tuend down quite sharply, an unbroken line of seven red 20 minute bars or candles on the chart as I write on Tuesday at 1730 GMT.
Gold however does look like it has decent support on the midterm chart at $1220 for the time being. Price is capped at $1250 in my humble view.
I think the reason to own gold and why it has gone up is the mistrust in governments primarily .
The same could be said for Bitcoin but there is another reason to own gold. Why don’t we ask the the Royal Elite or the top 2% to sell all their Gold and buy Bitcoin? It would never happen. There are things Bitcoin cant do.
I just don’t like people who have no idea how things work complaining like they could do it better. Al, Cory and team – great job!
Bugs are a part of programming.
People need to take a chill pill!
James (the lesserr): Spot on! same with folks complaining to me about Cells coverage/ troubles. These networks are complicated as hell and its amazing how reliable they are. Your talking into a radio and the expect perfect coverage and reception LOL
Goyim (gentiles, non-Jews) were born only to serve us. Without that, they have no place in the world – only to serve the People of Israel. Why are gentiles needed? They will work, they will plow, they will reap. We will sit like an effendi and eat. That is why gentiles were created.”
-Rabbi Ovadia Yosef 2010
Some attitudes never change. Doesnt seem to matter if its year 1,1381,1740 or today.
I just hope that someday people recognise it for what it is.
I think its neat the guy is a rabbi, that Talmud is truely written by “sickos” IMO.
Maybe we should send them a little more cash? lol
God on Trial – Full Movie
(some language) – hour and a half
http://www.youtube.com/watch?v=eHiT_vLIN4w
Only a small percentage of Jews have this point of view, mainly the Orthodox. Conservative and Reform Jews (the great majority) do not share this point of view. To believe otherwise is uniformed and anti-semitic. As someone Jewish, I am embarrassed that any Jew would hold this point of view that gentiles are there to serve Jews. Believe me, I have heard it, I hate it and I fight it whenever someone suggests it.
Thank you Jed. You are clearly one of countless Jews whom I respect. A
I do understand that Jed, I also have seen the videos of Jewsish religious leaders hugging Abinerdinijad (obvious incorrect spelling) Past president of Iran.
I think every race creed color has “idiots”. I am not anti anything, unless I am anti prejudice etc.
May I remind? Good men are often ashamed of their prominant people.
I just think guys like this example need to be exposed.
See comment below.
Gold and the political spectrum are unrelated events. What is related are stupid political decisions with each party having their fair share of unwise decisions. Clinton: dismantling Glass-Steagall to pay a political favor to Sandy Weill; Bush: Borrowing 70 Billion a year from the Chinese to finance a tax cut and real estate bubble so he could get re-elected. Both decisions were not made based on sound economic grounds. It is sort of like buying KKD (Krispy Creme®) because you enjoy the doughnuts.
Well, the PMs are doing about what was expected—-in dead water this week. Also, the technicals are not screaming a big drop the rest of the year either. I’ve been vacationing and it’s good to see the metals just levitating. The longer we remain here or a little lower, the better the odds of a bounce before the end of the year. Don’t everyone get excited that we’re going to the moon then. As mentioned time and again, the new year should tell the story for the PMs. The conventional markets are really looking at risk since the Dow is bumping its’ head on a megaphone technical upper line.
Thx Richard: looks like most indexes are below major support and gasping for air. Possibility they are going to bleed and bleed until a panic bottom??
Can anyone please tell us how to get sound here? Or, should just give up and move on?
Thanks,
Chris
I got the buy signal today. Buy on every down day from here on. Odds are also good that this will be a final intermediate bottom and not just a minor daily cycle bottom.
“Buy on every down day from here on” ~~ Gary S.
Sheesh! So predictable Gary. I told you nothing goes straight down. Stop fixating on short term calls and charts to catch major trends or you will never get it right. You had absolute confidence just days ago we were going to drop like a rock to 1000 bucks and here you are now saying “buy on every down day from here on” like some oracle from a smouldering volcanic rock. There is not going to be a “V” shaped price reversal if that is what you are thinking. If anything prices will trade sideways and continue to frustrate for months although it has become clear the dollar is moving into a declining pattern that I pointed out two weeks back. There is no panic trade here though…..no reason to rush to judgements. Sentiments on metals are utterly dismal. Janet does not yet control the Fed or policy levers and no major changes are signalled on the horizon. Nor have stock markets peaked and begun to reverse. We have no buy signal or trigger for gold either and ETF’s continue to be drained of metals while Chinese, Indian and Central Bank purchases are softening or in decline from last year. As we head into the holiday season energy is low for resource plays and tax loss selling still looms. Buying every dip is not really great advice in my opinion. Time is on your side here because after more than two years of declines we should expect a consolidation period before any major move in any direction. I don’t mean to throw too much cold water on your call but it would be fair to say there are neither good fundamental nor technical reasons to be jumping for joy over anything resource based or metalic right now. The daily chart remains firmly embedded on its bear market trajectory despite yesterdays bit of excitement. Check it for yourself. Even the prospects of a dollar that looks to be in a descending pattern is not a great enticement for gold just yet and it remains my expectation that gold prices will eventually fall somewhat below the 1000 dollar mark although that could easily be many months away. I would not go long in this environment. Just enjoy what volatility arises and keep your list ready for the day things eventually turn around. Using some common sense at this stage of the game is just a more prudent optiion. Enjoy the holidays.
Does this mean gold is not going to $1000?
I would say definitely not in the near future!
57,
Yes it means $1000 is probably off the table. I’ll go over it in tonight’s report.
Gary: Totally appreciate your input…
Ditto!! Really miss, “Gary’s Views” the last 3 or 4 days,
Me too.
yep…I missed him too……I also miss sound.
Not me.
another voice for $1000 gold?
http://www.mineweb.co.za/mineweb/content/en/mineweb-podcasts?oid=219652&sn=2010+Detail
Too funny
Mp3 files please. I can not use wav files. Thanks a bunch!
In the long ron the only one that makes money from precious metals in the dealers AKA money changes.
You spout and spout religion on this website and dealer and money changer is interchangable.
I can no longer listen to any of your shows as they are “buffering” forever. Please go back to Pp3 files so that I can listen to your broadcasts once again
Andrew, just click play, wait for the black line to fill up to the play button, then click download show, it then goes to iTunes. Its slow, very slow, its like waiting for Obama to get Impeached but it isn`t ever happening. The darkness that crooks live in, is just a for taste of what`s coming for all who love evil.
nice comment Dennis……………fore warned , is to be fore armed………..
Bitcoin Goes to Washington and the *Secret Trade Agreement(`*TPP` segment begins at 15:23) that Obama wants to fast-tract the TPP without any Congress persons oversight, its another SOPA, grand strategy to help out the big corporations(Fascism with a twist) get leverage over anybody standing in their way, permanently for all time in memorial. – – This TPP Agreement is Fascism saying thank you all(SUCKERS). https://www.youtube.com/watch?v=Ty7XiBjHUsk plus its a far gone idea that your Bill of Rights are gone forever, until your dead, so die a thousand deaths and live a cowards life, and be a happy sucker.
Hamlet’s Act 3, Sc 4 in which we’re given the line ‘conscience doth make cowards of us all’ has been translated as follows:
….’Who would choose to grunt and sweat through an exhausting life, unless they were afraid of something dreadful after death, the undiscovered country from which no visitor returns, which we wonder about without getting any answers from, and which make us stick to the evils we know rather than to rush off and seek the ones we don’t? Fear of death makes us all cowards, and out natural boldness becomes weak with too much thinking. Actions that should be carried out at once get misdirected, and stop being actions at all’.
At least those on this site seek to address some of those fears (evils) we can see in this life without fretting about any fears to come.
Andrew, nice words, very nice indeed.
paper v physical, a bunch of hooey? How do you explain the premium?
http://armstrongeconomics.com/2013/11/27/paper-v-physical/
Yes, paper versus physical is a 100% red herring joke on gold buyers. No substance to it at all.
PS….physical ALWAYS comes with a premium. Since the very beginning.
I remember calling the premium a “mintage” fee. Coins were always a little more than bars. Interesting article. I recall the silver “guru” saying this time is huge because the whole world is buying. He didnt mention everyone needed to buy at the same time.
We need mp3s not .wavs