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This thing is far from over!

Big Al
November 30, 2013

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31 Comments

    BTW………HAPPY BIRTHDAY BIG AL…..TOMARROW DEC. 1…You will be how old?

    Nov 30, 2013 30:21 PM

    Happy 70th Al.

      Nov 30, 2013 30:00 PM

      Yes, HAPPY BIRTHDAY, to YOU – Big Al!

    Nov 30, 2013 30:56 PM

    Al, you dont look a day over 63.

    Nov 30, 2013 30:08 PM
    Nov 30, 2013 30:27 PM

    https://www.youtube.com/watch?feature=player_embedded&v=Ab4yqaZ7GAU

    Grant Williams says CASH is the place to be in this very informative presentation.

    Nov 30, 2013 30:29 PM

    I posted this comments on a separate editorial but its more relevant here.

    If I have to predict, the current downtrend in resource sector will continue until 2018 or so. The world is awash with commodities and gold in particular, and the supply fundamentals are playing out stronger than demand. I have to say, Investing world is always very slow in recognizing the equilibrium – I think resource investing is best avoided. This asset class is dead for now.

      Dec 01, 2013 01:52 AM

      Well we can all look forward to 2018 then.

        Feb 01, 2014 01:31 AM

        Help, I’ve been informed and I can’t become igrnnaot.

      Dec 01, 2013 01:55 PM

      Gold can’t be compared to commodities like copper. The world is always awash with gold. Above ground copper equals about 3 months of production. Above ground gold equals about 70 years of production.
      Gold competes with the world’s currencies, and the world is far more “awash” with them. Relative to the Fed’s balance sheet, gold is as cheap now as it was at $253 in 1999.

    Nov 30, 2013 30:08 PM

    i tink 2016 SILVERFOX I CAN’T see soo long ! so i BUYING SLOWLY LONG WAY TO GO STRONG AND GOOD LUK

    Dec 01, 2013 01:45 AM

    Al a birthday present: Don’t belch too hard or you’ll be in the company of Janet Yellen and others……by way of the first seven minutes of Max Kaiser!

    http//www.maxkeiser.com/#fBWDT5tmaDLYEy7J.99

    Dec 01, 2013 01:56 AM

    Any bets if bitcoin is going to destroy the price of gold in the next weeks.

      Dec 01, 2013 01:21 PM

      The safest thing to do when a market goes vertical is to ignore it if you don’t own it and to sell at least some if you do. Long or short, the risk to principal deployed now is huge.

    Dec 01, 2013 01:52 AM

    Brett. Bitcoins are only measured against the dollar or other fiat currencies. They are only digitally replicates of gold which means ultimately they have no intrinsic value.

    Dec 01, 2013 01:38 AM

    When PDAC opens in Toronto in March I think you will see a definite uptick in attendance at this conference, Mr. Market will be on the turnaround. DT

      Dec 01, 2013 01:51 PM

      That was the exact impression that I had in San Franchise, Machine Gun.

    Dec 01, 2013 01:54 AM

    The US environmental movement is targeting what they call dirty Canadian tar sands oil and they definitely are correct in a number of their assumptions but the downside for The US is that all our Oil and Gas industry gets tarred with the smear from that brush. That being a movement to halt the export and development of our oil and gas products.

    America and Canada have in the past enjoyed a very beneficial trade agreement but now The Chinese have exploited this rupture caused by the environmentalists and they are moving very rapidly into Canada to get our energy resources. Like they say, “for each reaction there is an equal and opposite reaction.” I think once again The Chinese are showing their investment smarts. DT