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The Mises Institute and political issues

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December 21, 2013
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Discussion
119 Comments
    har
    Dec 21, 2013 21:36 AM

    Eric Sprott got the boot on Friday. Hopefully a slew of those pumpers follow him out. $3B to $350M = what took them so long?

      har
      Dec 21, 2013 21:48 AM

      Sprott Resource Corp. Sold $76M in Bullion
      Dec 17, 2013
      The company said about two-thirds of the proceeds will be used to pay down debt, while the other $24M would be used to pursue “new investment opportunities.”

      67% to pay off debt – wow.

      Dec 21, 2013 21:11 AM

      Sprott got the boot? What are you talking about?

        har
        Dec 21, 2013 21:45 AM

        Listen to Schiff’s radio show on Friday. Right near the end he said he got a message from his brother that Sprout was out and spent about 3 minutes saying that must be a bottom. Schiff said the board voted him out and said that is the problem of being listed.

          Dec 21, 2013 21:49 AM

          I searched the net and came up with nothing, Har. If the board kicked Sprott you are the first to tell us. That is very surprising news to me.

            har
            Dec 21, 2013 21:53 AM

            Sprott, arguably Canada’s best-known hedge fund manager, has also doggedly stuck with his bet on the precious metal—which, in turn, has stuck investors in Sprott Inc.’s flagship with losses in excess of 50% this year, The Wall Street Journal reports. Sprott, whose faith in silver has also proven a loser, has seen his fund lose double-digits in three years running, and his assets under management drop from US$3 billion to US$350 million.

            And, as of 2015, they’ll drop to $0: Sprott’s namesake company is phasing him out. While Sprott will remain chairman of the firm he founded in 1981, by the end of next year he’ll be relegated to “chief cheerleader duties,” Sprott CFO Peter Grosskopf told the Journal.

            har
            Dec 21, 2013 21:54 AM

            I guess the chief cheerleader gig is off the table too:
            http://www.finalternatives.com/node/25583

            Dec 21, 2013 21:01 AM

            har, now this is news !

            b
            Dec 21, 2013 21:26 AM

            I wonder if this means there will be more supply available.
            Funny,I got an email this morning saying I believe last week was the first time in a few months there was more buying than selling in the PM etfs.

            Dec 21, 2013 21:33 AM

            “But Jesus said unto them, A prophet is not without honour, but in his own country, and among his own kin, and in his own house.” – Mark 6:4

            b
            Dec 21, 2013 21:01 AM

            What?

            Dec 21, 2013 21:43 AM

            I’m guessing b that Lore is referring to Eric Sprott being falsely discredited by the central bankers.

            Dec 21, 2013 21:44 AM

            Thanks Har. You are a news source now!

            b
            Dec 21, 2013 21:41 PM

            Hi Andrew, I started thinking that maybe “sprott” was a prophet.
            Maybe he is, and maybe your right too.

            Dec 24, 2013 24:46 PM

            Rev — Thanks for clarifying. Rgds

          Dec 21, 2013 21:40 PM

          Remember that after decades of successful investing, Buffet lost about 1/2 the value of Berkshire during the financial crisis. Then rebounded with the market.

          When the natural resource sector rebounds, Eric Sprott will once again look like the genius he is. He didn’t become a billionaire by being stupid.

          I actually think owning the stock of his namesake company right now, is a great speculation in itself.

            Dec 21, 2013 21:08 PM

            If they are selling off gold to pay down debt then they are crystalizing the losses.

            Dec 22, 2013 22:16 AM

            B,

            Trust me, no business person is any kind of prophet. It just ain’t so.

            More on this later today.

      Dec 22, 2013 22:46 AM

      I have had messages in since Saturday morning with no response as of yet.

      I will be all over this first thing Monday.p

    bj
    Dec 21, 2013 21:55 AM

    Jeff, I’m not sure economics is any more of a ‘science’ than sociology. They are better defined as ‘philosophies’ riddled with disputed postulates and theories. Much the same can be said for governments, where history suggests that the form of isn’t as important as the corruption that rots the institution, and likewise for social and economic models. The ‘commonsense’ is that there will always be the powerful and the powerless where the common thread is money—and when it becomes too thin in the middle everything snaps.

    One might hope the rich would employ the plebs at a living wage, thereby diminishing the need for government to subsidize labor. But in practice, trickle down economics has led to economic dislocations and social unrest due to a declining middleclass; and it’s the middleclass that buffers the rich from the poor and thereby maintains stability within a society. When the middleclass disappears, the totalitarians step in to protect the haves from the have nots; thus the Patriot Act—not to protect Americans for the cave dwellers on the other side of the world but to protect the power elite here at home from the consequences of social unrest.

    flo
    Dec 21, 2013 21:07 AM

    hello

    Cory could you please look at a couple of tech ideas

    Softbank SFTBY is a Japanese company with a large position in Alibaba. Some people think that Ali will be the next wealth generator a la Apple

    Fireswirl FSW-V is very speculative. It markets north american companies in China

    Thanks and Happy holidays

    Dec 21, 2013 21:56 AM

    If I had one book to read on economics it would be this one:
    http://mises.org/Books/humanaction.pdf
    “Tu ne cede malis, sed contra audentior ito.”

    Dec 21, 2013 21:13 AM

    When the bulk of responsibility is in the hands of the few and the risk in the hands of the many, the mistakes will be monumental ones for which those responsible will pay no commensurate penalty. The responsibility over this kind of risk has laughably been extremely well remunerated, when to those individuals the risk is minimal.

    Dec 21, 2013 21:03 AM

    Great show.
    I think what we have today are the unintended consequences of the social security system,and the illusion that the government will take care of you.
    Stan Druckenmiller has some excellent commentary on the disparity between how much seniors collect as apposed to how much the unborn will collect in the future and the price tag for it all.
    The illusion that the government will take care of you is being fostered, simply by the voting patterns of the elderly.
    Politicians refuse to do entitlement reform for good reason.No explanation needed.
    The real elephant in the room are the entitlements.

    Dec 21, 2013 21:30 AM

    You make a point about gold equities that is very interesting to me Al. A lot of people wonder what might be the fate of resource stocks if the major equity markets keep rising. I have been amongst them puzzling over that situation as mining has done quite poorly these past few years. It strikes me though that it is just a matter of time before interest will shift to the beaten down sectors for the mere fact that everything else looks overpriced. Where better than to stake a claim than on what has been underperforming badly for so long but also has tremendous upside potential given fundamental risks? So from that perpsective I do believe now that gold, silver, platinum and many other resource based companies are going to be in the line of sights of that group of investors who are seeking opportunities with a great upside versus just cycling in and out of the current popular stocks. I would like to believe that markets will rise higher in 2014 and that gold equities will finally benefit from the positive feelings. Others are not so positive though and there are whispers that a coming bull in metals will actually be signalling a downdraft in conventional markets. That is to say that a falling stock market will be bullish for precious metals but by that token it cannot also be bullish for gold stocks which we should expect to stay flat or fall along with everything else during a selloff. It will be interesting to see whose views hold the most water in the end. In my own case I am shifting to the idea that commodities will get a fresh boost as inflation is tweaked by the Fed and other Central Banks. That suggests economic growth will follow and that stocks in general will also continue to benefit especially as buying debt instruments looks to be such a drag and a loser. I know it sounds crazy but in my view if markets are to continue along the current bullish path we must see resource prices recover and gold rise along with them.You know this is nuts but bear with me. IF GOLD STOCKS have really bottomed then it defies logic they will rise against a falling market. In other words, the stock bull will remain intact. Gold stock will rise along with gold and equities in general which is in defiance of the idea that a crash lies just ahead. In other words…..long equities, long gold, sell bonds.

      Dec 21, 2013 21:37 AM

      Yes I bit my tongue when I wrote that. Work through the logic though.

        Dec 21, 2013 21:47 AM

        An interesting take on PMs Bird Man in these sheer crazy times, A

          Dec 21, 2013 21:31 PM

          Thanks Andrew. How is your Christmas going by the way?

            Dec 22, 2013 22:37 AM

            Pretty good thanks BM – healthy, happy, wealthier that so many other poor folk. Just feel poor in the sense of wishing I could do more!

            Enjoy your own Christmas wherever you are – I lose track of which country you’re in!

            Dec 22, 2013 22:07 AM

            Still in Africa, Andrew. The other countries are far in the past in some cases. It has been bloody cold here for weeks since that cold inversion moved in over the Middle East and North Africa. You heard it snowed in Egypt for the first time in 112 years? Well that cold air has been pumping down all the way to the equator making everyone in its path miserable. I have been wearing a jacket two weeks now for gosh sakes. It is insane. So chilly in the morning it affects my arthritis. But it is Christmas like so I console myself and try to enjoy it best I can. Cheers!

            Dec 22, 2013 22:30 AM

            Bird Man, there goes the argument for gobal warming, BS buyer beware Brent Cook, good geologist & lousy global warming enthusiast, but I hear the pay is good(to be a paid hack of global warming scam) .

      Dec 21, 2013 21:37 AM

      Bird: I agree completely. I think good work on your part.
      Here’s some comment from a source that does not have any interest in promoting the sector. Just Cycles and technical facts. Noise and news folks talk about is a huge waist of time I think.

      “Our last Gold Comment suggested investors
      shy away from the sector for now and wait
      for a technical setup that would warrant
      taking a risk. While at the moment the
      sector remains in severe distress, there is
      some evidence that a major relief rally
      could come as soon as early 2014.
      An examination of the entire decline since
      the 2011 top shows five distinctive waves
      resembling a typical five-leg structure
      (three down, two up – see chart on the last
      page). The market appears to be in the
      midst of a final down-leg (leg 5). Such a
      Another evidence pointing to the possibility
      of a significant rally is the late stage of this
      bull market. The Gold sector is usually the
      last that comes alive during bull cycles. If
      this bull market takes its last breath
      sometime in 2014, the New Year may be a
      favourable time for Golds to stage a rally.
      The New Year is most likely to prompt some
      investors to search for bargains in the
      market and Gold stocks will certainly
      appear on such lists. As usual in bull
      markets, the final advances usually draw
      m a n y n e w i n v e s t o r s w h o h a v e n ’ t
      participated in this bull market yet. Many of
      them have previously invested in mining
      stocks; therefore, the Gold sector will be
      one of the first sectors they examine.
      !

        Dec 21, 2013 21:18 PM

        Well done Billy. That is almost exactly my thoughts as well. So the author you quote has come to the same conclusion that in effect the resource stocks will be the means by which stock markets cotinue to rally up through 2014. It wil also be the juice that finally startss to bing the retail investor back into the market. That would certainly offer some confirmation of Armstrongs view that the movement out of low rates bonds will be a substantial driver of the market that will also be what brings the retail investor out of hiding. Thanks for the confirmation. Who is the source by the way?

          Dec 22, 2013 22:38 AM

          NAML Bird. Its copy write $100K fine.
          The relationships continue too change in the markets and a lot of silly comments folks make like oh daaa economy go down and da stock market go down so Gold go down is nonsense…
          Better you assume you know nothing sometimes and let the market tell ya.
          The dollar will rally along with gold and stocks for a while and sometimes the reason is that nobody expects it. 2014-15 is going to nuts cause nothing is fixed and everyone is starting to think its all good cause the stock markets rallied…
          Bullcrap I say.

          Dec 22, 2013 22:49 AM

          People are all expecting a stock market crash it most likley is not going to happen.
          Forecast #5:
          Wild Swings In The Dow And Then A Base —
          From Which The Dow Will Explode Higher To 31,000 By 2016
          You know my longer-term forecast for the Dow Industrials and other major U.S. averages: Substantiallyhigher, more than doubling by 2016.
          U.S. equities will do so not in spite of Europe’s collapse or the sovereign debt crisis finally hitting Washington — but because of them.
          The reasons are simple, though hardly understood by most analysts and even less by investors: First, U.S equities are not overvalued , if you understand what is going on. And what’s going on is this: A dollar of earnings today is not what it was 10 years ago.
          Reason: The monetary system is changing. Not only is a dollar not what it was worth 10 years ago, but in reality, no one knows what a dollar is worth.

            Dec 22, 2013 22:39 AM

            I can buy that. Good chance too. Then gold 5000. Ross Clark said this new up in gold mining can last 6 to 8 months or 6 years. He’s with Hoye group. Will subscibe to Ross most likely. So if we can get through 1550 then this bull is for real. I will stay fully invested.

            ALSO WE COULD HAVE ALREADY BOTTOMED OR 2 MORE DAYS TESTING. Gold mining probably for sure. IMVHO

            Dec 22, 2013 22:57 AM

            HH:
            IA / Hoye / Ross Clark is $1200 ish but I have a sweet deal cause I known their sales guy for years. Good no hype research. If I had your email I could send you a sweet chart……$5000 who knows…all I know but nothings for sure. No bubble in PMs yet. Bull most likely not over. Nothing has change anywhere more so things are worse…

            Dec 22, 2013 22:14 AM

            I DO AGREE BUT DO NOT WANT TO BE IN A MAJOR CORRECTION . So as the old saying goes Watch your basket ! Here ….. channel126@aol.com

            Im getting ready to buy again and will have maybe ZERO in my cashe.

            GOOD WORK BILLY……now lets make 50mil. IM A RAGING BULL IF GOLD PROVED ITSELF.
            not being left empty handed…..ALWAYS VERY OPEN MINDED BUT NOT BE FOOLISH EIITHER. anything can happen… also running eliott wave and Ron Rosen lately could be right.
            BUT WE MUST NEVER RELAY ON ANYONE……DONT CARE WHO IT IS EITHER…. the best go wrong…..it happens all the time

    Dec 21, 2013 21:33 AM

    From my e-mail in box to Al’s guest suggestion box….A Notre Dame professors states the unspoken obvious about Obamacare:

    To all our Republican, Democrat and Libertarian friends, this is a great explanation of why many of us are so scared about our future and the future of this country.

    Notre Dame Professor on Obamacare

    Obamacare Should Remind Us We Are Not ‘Subjects,’ We Are People
    Laura Hollis is a professor at the University of Notre Dame
    November 20, 2013|10:42 am

    The unveiling of the dictatorial debacle that is Obamacare absolutely
    flabbergasts me. It is stunning on so many levels, but the most shocking aspect of it for me is watching millions of free Americans stand idly by while this man, his minions in Congress and his cheerleaders in the press systematically dismantle our Constitution, steal our money, and crush our freedoms.
    The President, Nancy Pelosi and Harry Reid (with no small help from Justice John Roberts) take away our health care, and we allow it. They take away our insurance, and we allow it. They take away our doctors, and we allow it.They charge us thousands of dollars more a year, and we allow it. They make legal products illegal, and we allow it. They cripple our businesses, and we allow it.They announce by fiat that we must ignore our most deeply held beliefs – and we allow it.
    Where is your spine, America?
    Yes, I know people are complaining. I read the news on the internet. I read blogs. I have a Twitter feed. So what? People in the Soviet Union complained. People in Cuba complain. People in China complain (quietly). Complaining isn’t the same thing as doing anything about it. In fact, much of the complaining that we hear sounds like resignation: Wow. This sucks. Oh well, this is the way things are. Too bad.
    Perhaps you need reminding of a few important facts. Here goes:

    1. The President is not a king. Barack Obama does not behave like a President, an elected official, someone who realizes that he works for us. He behaves like a king, a dictator – someone who believes that his own pronouncements have the force of law, and who thinks he can dispense with the law’s enforcement when he deigns to do so. And those of us who object? How dare we? Racists!
    And while he moves steadily “forward” with his plans to “fundamentally transform” the greatest country in human history, he distracts people with cheap, meaningless trivialities, like “free birth control pills”! (In fact, let’s face it: this administration’s odd obsession with sex in general – Birth control! Abortion! Sterilization! Gay guys who play basketball! — is just plain weird. Since when did the leader of the free world care so much about how people have sex, who they have it with, and what meds they use when they have it? Does he have nothing more important to concern himself with?)

    2. It isn’t just a failed software program; it is a failed philosophy. People are marveling that Healthcare.gov was such a spectacular failure. Well, if one is only interested in it as a product launch, I’ve explained some of the reasons for that here. But the larger point is that it isn’t a software failure, or even a product failure; it is a philosophy failure.
    I have said this before: Obama is not a centrist; he is a central planner. And this – all of it: the disastrous computer program, the hundreds of millions of dollars wasted, the lies, the manipulation of public opinion, the theft of the public’s money and property, and freedom (read insurance, and premiums, and doctors) — IS what central planning looks like.
    The central premise of central planning is that a handful of wunderkinds with your best interests at heart (yeah, right) know better than you what’s good for you. The failure of such a premise and the misery it causes have been clear from the dawn of humanity. Kings and congressmen, dictators and Dear Leaders, potentates, princes and presidents can all fall prey to the same imperial impulses: “we know what is good the ‘the people.’
    And they are always wrong.
    There is a reason that the only times communism has really been tried have been after wars, revolutions, or coups d’état. You have to have complete chaos for people to be willing to accept the garbage that centralized planning produces. Take the Soviet Union, for example. After two wars, famine, and the collapse of the Romanov dynasty, why wouldn’t people wait in line for hours to buy size 10 shoes? Or settle for the gray matter that passed for meat in the grocery stores?
    But communism’s watered-down cousin, socialism, isn’t much better. Ask the Venezuelans who cannot get toilet paper. Toilet paper. ¡Viva la Revolución!
    Contrary to what so many who believe in a “living Constitution” say, the Founding Fathers absolutely understood this. That is why the Constitution was set up to limit government power. (Memo to the President: the drafters of the Constitution deliberately didn’t say “what government had to do on your behalf.”) They understood that that was the path to folly, fear, and famine.)

    3. Obama is deceitful. Just as the collapse of the computer program should not surprise anyone, neither should we be shocked that the President lied about his healthcare plan. Have any of you been paying attention over the past few years? Obama has made no secret of his motivations or his methods. The philosophies which inspire him espouse deceit and other vicious tactics. (Don’t take my word for it: read Saul Alinsky.) Obama infamously told reporter Richard Wolffe, “You know, I actually believe my own bullshit.” He has refused to be forthcoming about his past (where are his academic records?). His own pastor, Rev. Jeremiah Wright, told author Ed Klein, that Obama said to him, “You know what your problem is? You have to tell the truth.”
    Did Obama lie when he said dozens of times, “If you like you plan, you can keep it. Period!”? Of course he did. That’s what he does.

    4. The media is responsible. And had the media been doing their jobs, we would have known a lot of this much, much earlier.
    The press is charged with the sacred responsibility of protecting the people from the excesses of government. Our press has been complicit, incompetent, or corrupt. Had they vetted this man in 2008, as they would have a Republican candidate, we would have known far more about him than we do, even now. Had they pressed for more details about Obamacare, Congress’ feet would have been held to the fire. Had they done their jobs about Eric Holder, Fast and Furious, Benghazi, the IRS scandal, NSA spying – or any of the other myriad betrayals of the public trust that this administration has committed, Obama would likely have lost his 2012 reelection campaign. (A fact that even The Washington Post has tacitly acknowledged. Well done, fellas! Happy now?)
    Instead, they turned a blind eye, even when they knew he was lying, abusing power, disregarding the limits of the Constitution. It was only when he began to spy on them, and when the lies were so blatant that the lowest of low-information voters could figure it out that they realized they had to report on it. (Even in the face of blatant, deliberate and repeated lies,The New York Times has the audacity to tell us that the President “misspoke.”) They have betrayed us, abandoned us, and deceived us.

    5. Ted Cruz was right. So was Sarah Palin. The computer program is a disaster. The insurance exchanges are a disaster. What’s left? The healthcare system itself. And this, of necessity, will be a disaster, too.
    Millions of people have lost their individual insurance plans. In 2015, millions more will lose their employer-provided coverage (a fact which the Obama administration also knew, and admitted elsewhere).
    The exorbitant additional costs that Obamacare has foisted on unsuspecting Americans are all part of a plan of wealth confiscation and redistribution. That is bad enough. But it will not end there.
    When the numbers of people into the system and the corresponding demand for care vastly exceed the cost projections (and they will, make no mistake), then the rationing will start. Not only choice at that point, but quality and care itself will go down the tubes. And then will come the decisions made by the Independent Payment Advisory Board about what care will be covered (read “paid for”) and what will not.
    That’s just a death panel, put politely. In fact, progressives are already greasing the wheels for acceptance of that miserable reality as well. They’re spreading the lie that it will be about the ability of the dying to refuse unwanted or unhelpful care. Don’t fall for that one, either. It will be about the deaths that inevitably result from decisions made by people other than the patients, their families, and their physicians. (Perhaps it’s helpful to think of their assurances this way: “If you like your end-of-life care, you can keep your end-of-life-care.”)

    6. We are not SUBJECTS. (or, Nice Try, the Tea Party Isn’t Going Away). We have tolerated these incursions into our lives and livelihoods too long already. There is no end to the insatiable demand “progressives” have to remake us in their image. Today it is our insurance, our businesses, our doctors, our health care. Tomorrow some new crusade will be announced that enables them to take over other aspects of our formerly free lives.
    I will say it again: WE ARE NOT SUBJECTS. Not only is the Tea Party right on the fiscal issues, but it appears that they are more relevant than ever. We fought a war once to prove we did not want to be the subjects of a king, and the Boston Tea Party was just a taste of the larger conflict to come. If some people missed that lesson in history class, we can give them a refresher.
    The 2014 elections are a good place to start. Call your representative, your senator, your candidate and tell them: “We are not subjects. You work for us. And if the word “REPEAL” isn’t front and center in your campaign, we won’t vote for you. Period.”

    Laura Hollis is an attorney and teaches entrepreneurship and business law at the University of Notre Dame. She resides in Indiana with her husband and two children.

      Dec 21, 2013 21:40 AM

      The comments about sex were pretty damned funny Dennis. Did you write that material yourself?

    b
    Dec 21, 2013 21:35 AM

    I think “goldseek” just had an interview with proffeser Kotlikoff. Dont know if I spelled it right. Boston univercity?
    Anyway,I guess some nobel prize winners (economices) have a petition going to attempt to get the american government to tell the truth to their people. I guess he and they feel taxes need to increase a bit.

      Dec 21, 2013 21:41 AM

      Did you mean university?

        b
        Dec 21, 2013 21:38 PM

        Give me a break, I never went to either, or is that iether.

          Dec 21, 2013 21:38 PM

          Just fooling around. It’s the holidays. I can’t be serious everday, B!

            b
            Dec 21, 2013 21:09 PM

            I figured, happy holiday,merry christmas.

            Dec 21, 2013 21:19 PM

            All the best to you to. I have been enjoying your posts this year.

          Dec 22, 2013 22:02 AM

          The “Comment” box places a red line beneath words that are probably misspelled. If you click your right mouse button (while the cursor is placed within a misspelled word), the system will popup suggestions.

    Dec 21, 2013 21:11 AM

    Segment #4 — I LOVED it. Too good you guys. All around great commentary. I just burst out laughing when Rick started saying in reference to Fed interventions that “nobody believes it”. On hundred percent right of course. We are all just agreeing to go along with this fantasy for ou own different resaons even though we ALL know it to be fiction. End of the day it is bullshit though. I really enjoyed the honesty in all the viewpoints during that segment though. Makes me cheerful for Christmas!

      bj
      Dec 21, 2013 21:28 PM

      Interesting article from Jesse’s Cafe Americain:

      20 December 2013
      JP Morgan Takes On More Gold, 61,790 Ounces Come Out of Mocatta

      “What a funny, opaque market. More like a game of liar’s poker than an efficient and transparent clearing mechanism where informed producers and buyers meet to allocate resources. But economic theory says that fraud is not possible because people are purely rational and act in their long term best interests, always. And at least on the mythical planet of Vulcan, where many Ivy League economists apparently originate, logic dictates that honesty is the best policy.”

      http://jessescrossroadscafe.blogspot.com/2013/12/jp-morgan-takes-on-more-gold-61790.html

    Dec 21, 2013 21:12 AM

    GOLD EQUITIES SOARED …when …SP500 CORRECTED 20% ………HELLO !!!!!

    Dec. 2001 to July 2002 ONE OF THE BEST BULL MARKETS IN GOLD SHARES

    I made 8 times on a very large investment…….

    WHEN YOU PEOPLE POST THIS BULL ABOUT GOLD SHARES DECLINING WITH GENERAL
    EQUITIES IS JUST MORE DISINFORMATION. With yhe golc sharez so beaten down in the ground they have no wherd else to go but UP……if they were at higher levels they would be sold off. At the end of 2001 they wefe beaten into the ground.

    LETZ GET THE STORY STRAIGHT……disinformation is negligence. PULL UP YOUR CHARTS AND HISTORICAL NUMBERS…..MAN

      bj
      Dec 21, 2013 21:47 PM

      While stocks of any kind are subject to market risk as well as sector risk within the broader market, here’s some historical charts with timely commentary supporting your argument.

      http://www.superforcesignals.com/video/2013dec19goldcostofproduction/2013dec19goldcostofproduction.html

        Dec 21, 2013 21:02 PM

        Well, take a look at the facts…Dec. 2001 to July 2002

        As long as the decline is contained and we don’t see a major crash past about 20 percentile. THOSE ARE THE STATS AND WAS THERE WHEN IT HAPPENED. The kitco board was all new then and it was the same…gold shares are worthless. Gold will never be worth anything. Many stories but they refused to listen and most of them never prospered. JUST THE FACTS !!!

      Dec 21, 2013 21:18 PM

      HH, I agree with you (and gold stocks did nearly as well in 2003 btw). Because of what happened in 2008, I think everyone now believes that a stock market decline will be bad for gold stocks. What people are missing is that deleveraging is likely to cause net buying, not selling, in the gold sector this time. In 2008, everything was coming off of an all-time high. This time, gold is about 40% off its high while the miners are about as beat up as they’ve ever been. Margin debt in conventional stocks right now belongs mostly to the bulls. In the gold space, however, sentiment could hardly be worse and it is therefore the bears who are very likely to carry the most margin debt —on the short side. We are seeing an inverted mania in which the bears think they can’t lose. When they start to get margin calls for their conventional stock positions, they won’t have any long positions to exit in the precious metals (like they had in ’08). Instead, they will be exiting shorts (buying) in their rush for liquidity. The resulting strength will be noticed quickly and reinforced by fresh long-side buying. “Sector rotation” will also add tremendously to the buying.

        Dec 21, 2013 21:56 PM

        Hey Matthew…….very well said…YOU ARE ON TOP OF YOUR GAME …very good analysis
        better than I could explain it.

        HOWEVER, if stocks really start to crater the rally in gold will be over and everything will get sucked in. So the decline must be contained. 20% and anything more with crashing equities…get out of gold and shares.

        My view right now gold rallies for about 2 months into the 1400’s if we can break out of this bear raid on gold and once it does 1400 will come quick by the end of Feb. Take a look at it then and my decision is to sell if the stock market looks very ugly already after a big decline. If stocks keep going I will probably not be so nervous.

        JUST NEED TO REMEMBER GOLD IS NOT TO BE TRUSTED. Be very informed and get out with the profits before they take them all away. Also give me my shares back…LOL…

        IMVHO ..FWIW

          Dec 21, 2013 21:12 PM

          I have to agree that we don’t want stocks to crash, but I don’t believe that exceeding a 20% stock market decline is any problem at all. Consider this: From 2000 to 2002, the HUI went up 3 fold while the S&P 500 lost 50%.
          The best bull run in any sector happens when that sector is considered the only place to be. Having said that, both the S&P and the miners did very well in 2003. Either way, I see great opportunity in the miners for 2014, and more so thereafter.

            Dec 21, 2013 21:27 PM

            I AGREE 100% AND AGAIN WELL PUT. Not a crash though a decline but over months and 50 % over maybe a year but no crash ..contained over time.

            You see a big opportunity is music to my ears…coming from a veteran like yourself.

            See you in gold stock heaven…LOL …FWIW

    Dec 21, 2013 21:33 AM

    As of right now I still have a future target for gold at $0.

    That’s in dollars by the way.

      Dec 21, 2013 21:50 AM

      Thanks for the clarification BB!

      Dec 21, 2013 21:44 PM

      Ha Ha. Hey Billy, the only time gold is worth zero is when we are all dead. Thanks for trying though!

        Dec 21, 2013 21:49 PM

        Hey what the hell I’m Billy hes BB 🙂

      Dec 21, 2013 21:21 PM

      You have been drinking “Billy Beer’ from the seventies…that is your problem.

    Dec 21, 2013 21:10 PM

    Reprint so ya don’t miss it. Not from the gold pumper category.
    Pls do try to avoid web sites like KWN. Clowns are leaches.

    “Our last Gold Comment suggested investors
    shy away from the sector for now and wait
    for a technical setup that would warrant
    taking a risk. While at the moment the
    sector remains in severe distress, there is
    some evidence that a major relief rally
    could come as soon as early 2014.
    An examination of the entire decline since
    the 2011 top shows five distinctive waves
    resembling a typical five-leg structure
    (three down, two up – see chart on the last
    page). The market appears to be in the
    midst of a final down-leg (leg 5). Such a
    Another evidence pointing to the possibility
    of a significant rally is the late stage of this
    bull market. The Gold sector is usually the
    last that comes alive during bull cycles. If
    this bull market takes its last breath
    sometime in 2014, the New Year may be a
    favourable time for Golds to stage a rally.
    The New Year is most likely to prompt some
    investors to search for bargains in the
    market and Gold stocks will certainly
    appear on such lists. As usual in bull
    markets, the final advances usually draw
    m a n y n e w i n v e s t o r s w h o h a v e n ’ t
    participated in this bull market yet. Many of
    them have previously invested in mining
    stocks; therefore, the Gold sector will be
    one of the first sectors they examine.

      Dec 21, 2013 21:20 PM

      This time period mirrors Dec. 2001 to July 2002. Stock markets decline snd money comes into gold especially the mining shares. Silver miners even better.

      A 5 BAGGER EASY IF THE SHARES ARE BOUGHT NOW. IMVHO The bottom is very close now

      Dec 22, 2013 22:31 AM

      FORGOT TO MENTION….BILLY…..if gold can slice through the 1400’s get through that resistance above 1550 …….I WILL BE CONVINCED THIS IS NOT……….A BEAR RALLY.

      Will hold my positions. ALSO LIVED THROUGH THE NINTIES CENTRAL BANK SALES AND EVEN A THREAT SENDS GOLD CRASHING DOWN.

      SO BE CAREFUL…..BILLY Need to leave the party early sometimes…SEE WHAT HAPPENS

      FWIW

    Dec 21, 2013 21:17 PM

    Note to Cory: Did you just go over to the dark side or what man?

      Dec 21, 2013 21:19 PM

      I mean whats up with all that Obama propaganda? It’s all bullshit. I expect more of you.

    Dec 21, 2013 21:55 PM

    Great show as always but especially inspiring Segs 7 & 8. Great to share in Congressman Jones’ vision along with yours Al & Cory.

    When times feel especially dark and with today being the shortest day of the year, the Christian message needs re-declaring from the rooftops. So often cynicism and a sense of being overwhelmed by bad news can drive us to a sense of dark despair. A stock market that’s become a casino; a festive season in which about 1 card in 50 bears any message relating to the Nativity (at least here in the UK); debts accumulating in millions of households; a society so much at sixes and sevens it seems paralysed to know where or how to initiate realistic reforms of any kind. Doubting Castles and Giants of despair everywhere.

    But beautifully the Bible deals in the endless paradoxes of where it is the weak who in placing their trust in God/Christ become strong: True prophets in a minority of one speaking up against droves of false ones; men like Daniel stripped of power and thrown to the lions only to confound kings and emperors; the widow putting all that she had by way of her two mites into the offertory…..on and on we have the paradoxes of where sanctified weakness turns to strength! And then there is Jesus in the crib and on the cross!

    ‘He who saves a single life saves the entire world’ was a favourite Talmudic quote used by Oscar Schindler in his extraordinary rescue of well over a thousand Jews. In the end bad people are left only with their badness to torment them, because as the evil burns itself out Truth always prevails..

    A peaceful, prosperous and laughter-filled Christmas to one and all, Andrew

    Dec 21, 2013 21:16 PM

    Right now the market is giving credence to juniors that not only have gold but copper as well, these are the better plays, IMHO. Management of course is critical and the size of the deposit as well as location, not an easy investment decision but in this market you can be sure if you get it right as a contrarian you will be very well rewarded. DT

      Dec 21, 2013 21:19 PM

      OH YES, money in the bank and a low float, need to remain on your got to get “EM” list. DT

    Dec 21, 2013 21:30 PM

    Just got back from a local coin shop up north—–was there yesterday and in bullion, he only had one 10 ounce silver bar and some 1964 Kennedy half dollars. Looked at some numismatic coins and then went home to research the PCGS value and return today and buy the 10 ounce silver bar along with an offer on a couple of the rare coins. When we got there the 10 ounce bar was gone and the proprieter told me he had large orders for silver from specific customer demand and that no-one was selling silver in his area.

      Dec 21, 2013 21:23 PM

      Richard, today I looked at a Canadian government website where they auction one ounce Canadian silver maples that were confiscated, the opening bid on the ask is $19, but none of them have sold for less then $45 CDN. I just think a lot of people who are buying are uninformed but desperate to get something. DT

        Dec 21, 2013 21:27 PM

        I can back this up. DT

          Dec 22, 2013 22:46 AM

          OK……back it up. I am listening.

        Dec 21, 2013 21:40 PM

        DT Thats nuts. You can buy CEF audited vault for a 5% discount. When things were hot premiums of 10% plus….

      Dec 21, 2013 21:37 PM

      Instead….BILLY….listening to PRO GOLD SPROTT……saved yourself a fortune JACK CHAN has had sell signals on gold for over 2 years. RIGHT NOW HUI IS PUTTING IN A BOTTOM FOR A BEAR MARKET RALLY.

      IF YOU EVER GET ON BOARD TREAT THIS RALLY IF IT COMES AS SUCH……BEAR RALLY….it will probably last sbout 8 weeks and down we go. UNLESS PROVEN OTHERWISE…..this is precisely my plan and be sure to exit on time. FWIW……IMVHO and good luck

        Dec 21, 2013 21:18 PM

        Actually didn’t listen to Sprott just had his fund for 15years and was a huge winner till now. Bob Moriarty was key in losing a fortune….
        I’ll place Martine Armstong above all for the big picture.

        Dec 21, 2013 21:22 PM

        No BS from MA and decades in the Biz…http://armstrongeconomics.com/wp-content/uploads/2012/03/METPGSO-12-20-2013.pdf
        Also have supporting evidence from IA Ross Clarke / Bob Hoye

        Dec 21, 2013 21:29 PM

        Sounds like your a real gambler HH: Ill wait for Technical s to shape up rather than catch a falling knife…

          Dec 21, 2013 21:28 PM

          I just listened to that radio show you recommended….ROSS was his name said ..I think…said gold in a down market like we have had for over 2 years …..puts in a bottom just before xmas…gold shares that is. ….then tops just before new years. He said we are very close to the bottom in gold maybe 8 weeks tops. The shares bottom before gold most of the time. So gold is not my big concern. Followed Armstrong for decades but for me i dont think he’s any good. Hoye …..its lots of hits and misses. Hoye can be a real pinhead. I think Ross is better than both Hoye and Armstrong. Armstrong did predict the crash in gold though. Didnt hurt the shares much. If the rally held friday would be a wash. Some are up since the decline.
          YOUR RIGHT THOUGH IM A GAMBLER BECAUSE MOST OF ALL MY BIG MONEY WAS MADE SUFFERING THE DOWN MOVES. LIKE MY SOYBEAN AND CORN TRADES MANY YEARS AGO HEAVY LOSSES BUT 5 TIMES MY MONEY. Gold trades too…01 to 02 made millions…I JUST CANT SEE WORRY ABOUT SOME DOWNSIDE AND LOSING THIS GREAT OPPOR. THAT RARELY COMES ALONG. Your wise and just dont miss this rally. NO ONE REALLY KNOWS THE EXACT BOTTOM. I DONT. Not going to try either. Cant do it. FWIW ..

        Dec 21, 2013 21:04 PM

        This Guys is a top timers and Ill share his 2 bits..
        “Last week I asked when will the other shoe would drop. We didn’t
        have to wait long as Spot gold declined back to 1188.10 on Thursday,
        December 19, just a tad above its June 28 bear market low of 1186.40.
        Why didn’t we break down further? Could we be forming a double-bottom? Is bearish sentiment great enough here that this could occur?
        The answer is that we have to wait for the markets to tell us. Looking
        at the chart above which incorporates Terry Laundry’s important
        ‘Adaptive Channels’, it is clear we’re still in an unmistakable
        downtrend. This chart of the SPDR Gold Trust (GLD) trades at a
        discount to Spot gold and closed at 114.82 – equivalent to 1148.20 I
        suppose. Spot Gold closed on Thursday at 1189.95 – roughly a 3.5%
        premium over GLD. Meanwhile, the lower ‘Adaptive Channel’ sits at
        100.40, so if GLD touched that level (which appears quite probable),
        Spot Gold would touch 1039.00. They say to never try and catch a
        falling knife, but it would be very tempting to do some fishing at those
        levels taking a bigger picture view? If we double-bottom here, we
        should soon see a sharp increase in upside volume along with price.
        Stay tuned. A Bulletin will be sent out if it appears that is occurring

          Dec 21, 2013 21:36 PM

          Thanks Billy…thats encouraging. Also this decline has put a vrry bad taste in everyones mouth. BEARISH EXTREMES ARE DEVELOPING. I see a bear rally anytime now to at least 1400. And I plan on getting out with some major bank. Not hanging around to beheaded. Imvho

            Dec 21, 2013 21:48 PM

            Its from Lebovit. Hes a great trader. I have a short list of guys but take no ones word for Gospel. You can’t.
            THIS IS A LARGE CORRECTION. Shit we went up for 13 years. We need an ugly washout and we are getting one. Like I said If we get that I’m putting up a million. Ive got a great chart on the on the 70s correction up against present. We need one stab down so the remainder rats leave the ship. Stocks don’t look to bad so I’m just short some bullion.

          Dec 21, 2013 21:54 PM

          Also with my own philosophy ….gold especially waiting for an exact bottom learned that you could lose the opportunity …example 1999 I was buying for months before gold shot up over a hundred dollars in 2 days. ONE DAY LATE AND YOU COULD BE LOCKED OUT OF THE TRADE. I sold everythinh more than 3 times my money in a few days. Gold then went back into bear for another year and late 2001 I investec major funds. Stccks dropped and gold shares went totally ballistic. END OF STORY……FWIW

            Dec 21, 2013 21:01 PM

            I agree most will miss the bottom but Id rather see consolidation of stocks before l commit.

          Dec 21, 2013 21:17 PM

          BILLY ….YOUR ON TOP OF YOUR GAME. Excellent work. I just worry that gold rallies 50 bucks the shares will be up maybe 20 percent in a day. NUGT 60 percent.

          I WONT BUY AND LOSE A TRADE FOR ME ANYWAY….COMES ONCE EVERY 3 TO 5 YEARS

          FWIW

            Dec 21, 2013 21:40 PM

            Safety first. Time and price cycles are pretty solid. LOW in Jan….
            I’ve got 7 figures to spend so I ain’t F##king around. If the Bull proceeds Gold to $5k which I think is possible there’s plenty of time to crack some serious dough.
            Be prepared for markets to surprise. Dollar is looking to move up along with the PMs. Relationships are changing. Market will continue up for now but 2014 is going to be very interesting I believe.

          Dec 21, 2013 21:20 PM

          BILLY if gold is on its way to 5000 ….I just dont THINK so. Not sure but the stock market should crack if gold rallies. Have to see and if stocks start crashing after a 15 percent decline….KISS GOLD AND THE SHARES GOOD BYE. Next year is looking very interesting.
          If I can short the market before it breaks THE SPOOS….with 3X ETF with some gold profits is my plan. NO FUTURES WITH 3 X ETF. its great leverage. After the dust settles gold will hit 700 to 1000 and then gold will head for the skies. 5000. AS USUAL SEE WHAT HAPPENS.
          Maybe we can put some great exceptional trades on the table in the future. YOUR SERIOUS AND KNOW HOW TO BE A WINNER. Only thing is try and not get your head handed to you by staying in the gold trade waiting for 5000. If gold fails and you refuse to sell you will be very upset again. FWIW…….Also if gold goes to 1400 I will make a few mil. And I am selling…SHOWS OVER.

            Dec 21, 2013 21:46 PM

            You think the bulls over? Hopefully that’s the consensus. Does Rogers think so? No. Typically a blow off top finishes cyclical bulls.

          Dec 21, 2013 21:02 PM

          BILLY…..think the bull in gold must prove itself and a relief rally to say 1400 to 1450 or so and another decline to a 1000 still keeps it alive. BEFORE IT GOES TO 5000 the elite will take everything down…RE ..stocks….loss of jobs…..and then we go up. NO ONE WILL BE ALLOWED TO PROFIT FROM GOLD. …HAVE TO SEE WHAT HAPPENS…….RULES ON TRADING OR INVESTMENTS KNOWING WHEN TO SELL IS EVEN MORE IMPORTANT THAN WHEN TO BUY.
          You want to profit…learn to take profits. FWIW…….What I want is a close exsct top in THE SPOOS……huge profits…..but the trade must come to me…I dont chsse gold or any trades. This gold trade …..saw the huge declines and said…..GET READY…HERE I AM FOR JUST A FEW WEEKS NOW

    Dec 21, 2013 21:37 PM

    Chart Porn:
    Some random companies >$2 which have a pretty chart; I haven’t done any due diligence on these.
    – like looking at pretty women, but not asking too many questions.
    http://tinyurl.com/lbphn4f

      Dec 21, 2013 21:42 PM
        Dec 21, 2013 21:04 PM

        A question irwin what you think off GOLD RESOURCE CORP ? tanks !

          Dec 21, 2013 21:00 PM

          Franky;
          My uneducated opinion of GORO
          – I like the dividend policy; cash, silver or gold
          – located in Mexico is hurting miners there because of increased tax
          – I don’t see anything good in the chart
          – would like to see Fidelity Mutual Fund own some
          http://au.finance.yahoo.com/q/mh?s=goro&ql=1

          A few that Fidelity does own are Randgold (GOLD), AU, PAAS, BVN, HMY

            Dec 21, 2013 21:27 PM

            IRWIN you now RIO TINTO and Newmont MINING and Anglogold ashanti ! The 3 bickest afican miners . Have gone to the vatican ! To ask eve day can pay their workers more moony . CRAZY WORLD !

    Dec 21, 2013 21:42 PM

    HEY BILLY……WE NEED ONE MORE WASH OUT TO 1155 OR HIGHER…TOTALLY AGREE. I was disappointed friday we didnt get that big down and then up.

    HOWEVER THE GOLD SHARES WILL RALLY IF GOLD BOTTOMS ON THAT TEST OF A DOUBLE BOTTOM. My style is to catch major bottoms within about 10 percent. I dont like momentem trades ….rising markets in the middle of a move up already type investments. THIS GOLD TRADE RARELY MEETS MY CRITERIA FOR INVESTING. I dont trade in and out rarely and hold the investment until the excitement kicks in or like now its a bear rally my exit is preplanned. UNLESS PROVEN OTHERWISE…..I dont trust gold especially. FWIW

      Feb 03, 2014 03:02 AM

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

    Dec 21, 2013 21:38 PM

    Franky;
    I found that story about the vatican.
    Maybe a blessing from the pope is what the miners need.
    http://omiusajpic.org/2013/09/11/vatican-hosts-mining-ceos-in-a-day-of-reflection/

    Have to say Franky .. your English is greatly improved!

      Dec 21, 2013 21:44 PM

      yes i hope so . tanks

    Dec 21, 2013 21:28 PM

    What a bunch of hypocrites you all are.

    It’s not just about money, human level, not worry about the bottom line, goes beyond dollars and cents, helping your fellow man, charitable nation, disincentive to man, Government taking care of everybody, devastation of social democracy, not working not productive citizen, I feel blessed, cheap college, common sense, morally to give back, take care of fellow man. Common sense – really!!!! Let them eat cake – I’m surprised you didn’t throw that one in.

    What a joke.

    50 million on food stamps now taken away – help your fellow man, american jobs taken offshore and now returning as cheap labour with no benefits, so capitalists want to make more money at the expense of ordinary people – help your fellow man and it’s not about the bottom line.

    Not to mention the failing of capitalism when it came to the crunch TOO BIG TO FAIL. So social democracy is no good for the people but it is a wonderful thing for corporations. I thought it was your mantra that help comes to those who help themselves except when it comes to corporate welfare then the people who have to help themselves have to help the corporations.

    You have no credibility talking about ordinary people and what they can and can’t do or how they behave when they feel there is no incentive, when they feel the playing field is not level. Where were all the corporate leaders helping their fellow man when it came the time to stand up. No where to be seen.

    What are you all social psychologists now, economic psychologists?

    Just another talk fest with a lot of theoretical mumbo jumbo thrown in. Seriously you think you can solve the countries problems with these weekend get togethers on the radio.

    If you want to help your fellow man then provide him with the two things that will make him productive Education and Healthcare and yes they should be free and if not free cheap as your guest Jeff Deist and most of you all benefitted from. They should certainly not be something that people profit from.

    How can people dream when the only game in town is corporate greed.

    Cheers
    TonyW

      Dec 22, 2013 22:11 AM

      Tony W – Although I always enjoy the weekend shows part of me strongly agrees with what you’re saying. Compared to those born on the wrong side of the trzacks, or where (as here in the UK) 1 in 4 will suffer from some form of mental illness, or where they’ve had a shit education I KNOW that it’s those of my generation who’ve never had it so good. In my case good public school, made possible through a bursary, followed by three universities all paid for with grants and not loans; a father well known in the Church who helped open doors for me (that is until the rebel in me undid my fast-track prospects towards becoming a bishop). Added to which I have a fabulous wife, three healthy sons and we both enjoy good pensions and the prospect already enjoyed of one inheritance and of another to come.

      And where did part of that inheritance come from? From a great grandfather on my late mothers side who ran a coal mine…making his fortune on the backs of those lived in poverty and who probably died of emphysema. So, yes I’m the descendent of a robber baron and take no pride in that fact.

      You’re right – people like us don’t know the half of it. Not even a tenth in fact! OK we may have had the wherewithal to learn from the austerities of the ’40s and 50s so as to help create good times for ourselves, but what of the countless millions born with nothing? Of course there are many idiots out there who squander what they’ve got (gambling with their welfare cheques or whatever). But I know I can stand in judgment over no-one. Desperation makes desperate people do crazy things.

      So until the evils of the world are corrected I know I remain poor, and am in NO position to judge.

      So thanks again for your valuable post, Andrew

      Dec 22, 2013 22:59 AM

      Are you the same Tony that writes for Seeking Alpha, Tony?

        Dec 22, 2013 22:01 AM

        I mean the Tony PowPow who wrote a book?

          Dec 22, 2013 22:37 AM

          No

            b
            Dec 22, 2013 22:58 AM

            Im late to comment on this. I completly agree with Tony.
            If I recall, now,its been about 100 years since I read it and I have read many books about it, but wasnt there somewhere in the christian bible where jesus says to give till it hurts? Thought there was. Obviously a person has to care for himself first or they wont have anything to give of course. Anyway, people dont do that, they also dont heed the “money changer” lesson.
            Thats aside from my point tho.
            I agree with Tony because I think its time for a new conciousness, the Zeitgeist attempts to explain it. (u tube)
            We, robber baron Christian and otherwise are killing ourselves.
            We hold in High regard guys talking liberty while they own slaves, Tony is right, we are hypocrites. Just a hint tho, dont start looking for it as once you see it thats all you see and its hard to stop seeing it.
            That too If I recall was said in the christian books. Somthing about being a generation of hypocrites.
            So, I agree Tony, and if you got some answers, there are probly a few people here that would love to hear them.
            Until then, check out the Zeigeist stuff on u tube.

      Dec 22, 2013 22:46 AM

      Welcome to the new Economy. Life isn’t fair man. Just look at the ads for starving folk in Africa that have been playing for 40 years. What does that tell ya. A lot of people on food stamps put themselves there. See me for instance buying used cars living well below my means while I watch people gorge themselves on debt AND food. Unhealthy and broke…Who made who. Yes corporate geed is ramp-id. When I took a huge hit nobody gave me a hand out. Its not capitalism that’s failed its the rule of law that has long been forgotten. Gangsters are in control of a lot of things. Professional Politicians maybe?? If you want to point this is probably not a good place. Most here are probably just trying to protect themselves from a failed system or in the process of coming undone.

    Dec 21, 2013 21:18 PM

    Somebody here mentioned …LOGIC…when it comes to economics and markets.

    Informing that poster its not suppose to be LOGIC

    IF IT WAS WE WOULD ALL BE VERY RICH…and money wouldn’t be worth anything

    So respect the markets…. make sure it doesn’t make any sense…only then can you make money.

    Dec 22, 2013 22:41 AM

    Christmas at the Gas Station, Enjoy!

    The old man sat in his gas station on a cold Christmas Eve. He hadn’t been anywhere in years since his wife had passed away. It was just another day to him. He didn’t hate Christmas, just couldn’t find a reason to celebrate. He was sitting there looking at the snow that had been falling for the last hour and wondering what it was all about when the door opened and a homeless man stepped through.

    Instead of throwing the man out, Old George as he was known by his customers, told the man to come and sit by the heater and warm up. “Thank you, but I don’t mean to intrude,” said the stranger. “I see you’re busy, I’ll just go.”

    “Not without something hot in your belly.” George said.

    He turned and opened a wide mouth Thermos and handed it to the stranger. “It ain’t much, but it’s hot and tasty. Stew … Made it myself. When you’re done, there’s coffee and it’s fresh.”

    Just at that moment he heard the “ding” of the driveway bell. “Excuse me, be right back,” George said. There in the driveway was an old ’53 Chevy. Steam was rolling out of the front.. The driver was panicked. “Mister can you help me!” said the driver, with a deep Spanish accent. “My wife is with child and my car is broken.” George opened the hood. It was bad. The block looked cracked from the cold, the car was dead.

    “You ain’t going in this thing,” George said as he turned away.

    “But Mister, please help …” The door of the office closed behind George as he went inside. He went to the office wall and got the keys to his old truck, and went back outside. He walked around the building, opened the garage, started the truck and drove it around to where the couple was waiting. “Here, take my truck,” he said. “She ain’t the best thing you ever looked at, but she runs real good.”

    George helped put the woman in the truck and watched as it sped off into the night. He turned and walked back inside the office. “Glad I gave ’em the truck, their tires were shot too. That ‘ole truck has brand new .” George thought he was talking to the stranger, but the man had gone. The Thermos was on the desk, empty, with a used coffee cup beside it. “Well, at least he got something in his belly,” George thought.

    George went back outside to see if the old Chevy would start. It cranked slowly, but it started. He pulled it into the garage where the truck had been. He thought he would tinker with it for something to do. Christmas Eve meant no customers. He discovered the the block hadn’t cracked, it was just the bottom hose on the radiator. “Well, shoot, I can fix this,” he said to himself. So he put a new one on.

    “Those tires ain’t gonna get ’em through the winter either.” He took the snow treads off of his wife’s old Lincoln. They were like new and he wasn’t going to drive the car anyway.

    As he was working, he heard shots being fired. He ran outside and beside a police car an officer lay on the cold ground. Bleeding from the left shoulder, the officer moaned, “Please help me.”

    George helped the officer inside as he remembered the training he had received in the Army as a medic. He knew the wound needed attention. “Pressure to stop the bleeding,” he thought. The uniform company had been there that morning and had left clean shop towels. He used those and duct tape to bind the wound. “Hey, they say duct tape can fix anything,” he said, trying to make the policeman feel at ease.

    “Something for pain,” George thought. All he had was the pills he used for his back. “These ought to work.” He put some water in a cup and gave the policeman the pills. “You hang in there, I’m going to get you an ambulance.”

    The phone was dead. “Maybe I can get one of your buddies on that there talk box out in your car.” He went out only to find that a bullet had gone into the dashboard destroying the two way radio.

    He went back in to find the policeman sitting up. “Thanks,” said the officer. “You could have left me there. The guy that shot me is still in the area.”

    George sat down beside him, “I would never leave an injured man in the Army and I ain’t gonna leave you.” George pulled back the bandage to check for bleeding. “Looks worse than what it is. Bullet passed right through ‘ya. Good thing it missed the important stuff though. I think with time your gonna be right as rain.”

    George got up and poured a cup of coffee. “How do you take it?” he asked.

    “None for me,” said the officer..

    “Oh, yer gonna drink this. Best in the city. Too bad I ain’t got no donuts.” The officer laughed and winced at the same time.

    The front door of the office flew open. In burst a young man with a gun. “Give me all your cash! Do it now!” the young man yelled. His hand was shaking and George could tell that he had never done anything like this before.

    “That’s the guy that shot me!” exclaimed the officer.

    “Son, why are you doing this?” asked George, “You need to put the cannon away. Somebody else might get hurt.”

    The young man was confused. “Shut up old man, or I’ll shoot you, too. Now give me the cash!”

    The cop was reaching for his gun. “Put that thing away,” George said to the cop, “we got one too many in here now.”

    He turned his attention to the young man. “Son, it’s Christmas Eve. If you need money, well then, here. It ain’t much but it’s all I got. Now put that pea shooter away.”

    George pulled $150 out of his pocket and handed it to the young man, reaching for the barrel of the gun at the same time. The young man released his grip on the gun, fell to his knees and began to cry. “I’m not very good at this am I? All I wanted was to buy something for my wife and son,” he went on. “I’ve lost my job, my rent is due, my car got repossessed last week.”

    George handed the gun to the cop. “Son, we all get in a bit of squeeze now and then. The road gets hard sometimes, but we make it through the best we can.”

    He got the young man to his feet, and sat him down on a chair across from the cop. “Sometimes we do stupid things.” George handed the young man a cup of coffee. “Being stupid is one of the things that makes us human. Coming in here with a gun ain’t the answer. Now sit there and get warm and we’ll sort this thing out.”

    The young man had stopped crying. He looked over to the cop. “Sorry I shot you. It just went off. I’m sorry officer.”

    “Shut up and drink your coffee ” the cop said.

    George could hear the sounds of sirens outside. A police car
    and an ambulance skidded to a halt. Two cops came through the door, guns drawn. “Chuck! You ok?” one of the cops asked the wounded officer.

    “Not bad for a guy who took a bullet. How did you find me?”

    “GPS locator in the car. Best thing since sliced bread. Who did this?” the other cop asked as he approached the young man.

    Chuck answered him, “I don’t know. The guy ran off into the dark. Just dropped his gun and ran.”

    George and the young man both looked puzzled at each other.

    “That guy work here?” the wounded cop continued.

    “Yep,” George said, “just hired him this morning. Boy lost his job.”

    The paramedics came in and loaded Chuck onto the stretcher. The young man leaned over the wounded cop and whispered, “Why?”

    Chuck just said, “Merry Christmas boy … and you too, George, and thanks for everything.”

    “Well, looks like you got one doozy of a break there. That ought to solve some of your problems.”

    George went into the back room and came out with a box. He pulled out a ring box. “Here you go, something for the little woman. I don’t think Martha would mind. She said it would come in handy some day.”

    The young man looked inside to see the biggest diamond ring he ever saw. “I can’t take this,” said the young man. “It means something to you.”

    “And now it means something to you,” replied George. “I got my memories. That’s all I need.”

    George reached into the box again. An airplane, a car and a truck appeared next. They were toys that the oil company had left for him to sell. “Here’s something for that little man of yours.”

    The young man began to cry again as he handed back the $150 that the old man had handed him earlier.

    “And what are you supposed to buy Christmas dinner with? You keep that too,” George said. “Now git home to your family.”

    The young man turned with tears streaming down his face. “I’ll be here in the morning for work, if that job offer is still good.”

    “Nope. I’m closed Christmas day,” George said. “See ya the day after.”

    George turned around to find that the stranger had returned. “Where’d you come from? I thought you left?”

    “I have been here. I have always been here,” said the stranger. “You say you don’t celebrate Christmas. Why?”

    “Well, after my wife passed away, I just couldn’t see what all the bother was. Putting up a tree and all seemed a waste of a good pine tree. Baking cookies like I used to with Martha just wasn’t the same by myself and besides I was getting a little chubby.”

    The stranger put his hand on George’s shoulder. “But you do celebrate the holiday, George. You gave me food and drink and warmed me when I was cold and hungry. The woman with child will bear a son and he will become a great doctor.

    The policeman you helped will go on to save 19 people from being killed by terrorists. The young man who tried to rob you will make you a rich man and not take any for himself. “That is the spirit of the season and you keep it as good as any man.”

    George was taken aback by all this stranger had said. “And how do you know all this?” asked the old man.

    “Trust me, George. I have the inside track on this sort of thing. And when your days are done you will be with Martha again.”

    The stranger moved toward the door. “If you will excuse me, George, I have to go now. I have to go home where there is a big celebration planned.”

    George watched as the old leather jacket and the torn pants that the stranger was wearing turned into a white robe. A golden light began to fill the room.

    “You see, George … it’s My birthday. Merry Christmas.”

    George fell to his knees and replied, “Happy Birthday, Lord Jesus”

    Dec 22, 2013 22:38 AM

    Its beginning to look like Christmas: Obama, Clinton Charged in Muslim Brotherhood Conspiracy http://www.westernjournalism.com/obama-clinton-charged-muslim-brotherhood-conspiracy/ the video portion is 3:57 min. in length.

    Dec 22, 2013 22:03 AM

    Hey Al, you`ll love this ad for ObamaCare – Half Naked Gays Spread ObamaCare Enrollment Message in New Commercial http://www.mrconservative.com/2013/12/29357-video-panders-to-half-naked-gays-to-spread-obamacare-enrollment-message/ its 1:58 min. in length its got (sick) Christmas cheer in it. – – I guess its a very merry Christmas to all those supporting TransPacific Partnership(TPP) in this forum and since Obama hasn`t signed into law CISPA which should end all privacy for all time, Obama`s probably waiting for the passage of the TPP, then like a spider he will spring it upon the general population at large. CISPA, at risk are emails … texts… Facebook(FB) posts… Tweets. Skype conversations. Discussion boards. Web pages. Travel records. Banking records. Credit card transactions. Stock market trades. Google(GOOG) searches. Even our landline cell phone traffic. …. All of it – fair game.

    Dec 22, 2013 22:17 AM

    Simply the best analysis of 2013. David Collum tackles it all and if you have not read this, you should. My take for what is worth is, the world is transitioning into a new world currency and will relinquish the Dollar to minority status. The Dollar owners know this and are both fighting and positioning accordingly.

    http://www.peakprosperity.com/blog/84101/2013-year-in-review

      Dec 22, 2013 22:50 AM

      Clay, good read by the way your link. ….. Another wrap your mind around Agenda 21: The Real Hunger Games “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.“ – Agenda 21 intends to strip individual priorites and rights into “community“ priorities. Priorities for the interest of the community alone, there are no individual rights to conflict with this system once in place. …… What exactly is sustainable? A population under 1 billion which can be read on page 716 of the book Eco Science co-authored by president Obama`s current “science czar“ John Holden is apparently “sustainable“. The following was also the conclusion established by the UN`s Biodiversity Assessment Report, their goal was to find what was not “sustainable“… “Ski runs, grazing of livestock, plowing of soil, building fences, industry, single family homes, paves and tarred roads, logging activities, dams, and reservoirs, power line construction, and economic systems that fail to set proper value on the enviroment.“ …. < What Obama plans for America are: http://wearechange.org/agenda-21-real-hunger-games/

    Dec 22, 2013 22:42 AM

    TALK ABOUT THE SEASON TO BE MERRY…..Did anyone else see that piece about a Brazilian source telling Reuters ‘ON CONDITION OF ANONYMITY’ (HO HO HO) that it has by-passed Boeing to award Saab of Sweden with a $4.5 billion contract to buy new fighter jets. And the reason for this minor sleight – the NSA of course.

    Again we on Al’s site should all give a collective HO HO HO!!!!

    b
    Dec 22, 2013 22:38 AM

    That was reported by RT last week. Guess the spying is costing them. I also noticed that Japan is intending to buy the f-35. China will be licking their chops over that. The f-35 is like shooting ducks in a pond for other newer fighter jets.
    Experts have the f-35 as completly incompetant at everything it was designed for, too many tasks, so lousey at everyhting.