Gary Savage – Mon 23 Dec, 2013

Is little or no enforcement impacting our market?

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Featuring:
Al KorelinCory FleckGary Savage

Comments:
  1. On December 23, 2013 at 9:18 am,
    james (the lesserrr) says:

    This is the comment that wasnt posted…

    • On December 23, 2013 at 9:23 am,
      Fred says:

      Wish I had a dollar bill for how many times this comment wasn’t posted since $1,923 gold.

      • On December 23, 2013 at 10:05 am,
        Big Al says:

        What comment are you guys talking about?

  2. On December 23, 2013 at 9:30 am,
    Bird Man says:

    Yeah….the bid stack. Yeah…..

    • On December 23, 2013 at 9:33 am,
      Matthew says:

      Birdie, your comments are proof that there is nothing common about sense.

      • On December 23, 2013 at 9:55 am,
        Bird Man says:

        Define “bid stack” smartie pants! Ha Ha Ha Ha!!!!!!!

  3. On December 23, 2013 at 9:33 am,
    JERRY the Long..................O^OTB says:

    We need to hear from TRADER ROG…….Year End Special………

    • On December 23, 2013 at 10:02 am,
      Big Al says:

      He has his own show, Jerry.

    • On December 23, 2013 at 10:03 am,
      Bird Man says:

      Please don’t. The guy is the worst bore ever. I have heard enough from him to last a bloody lifetime.

      • On December 23, 2013 at 10:04 am,
        Bird Man says:

        Oh yeah…he has his own show. Go there Jerry.

        • On December 23, 2013 at 10:15 am,
          b says:

          You guys are hilarious today.

          • On December 23, 2013 at 12:06 pm,
            Bird Man says:

            It is the Christmas commentary. We get to speak our minds at least once each year!

          • On December 23, 2013 at 2:27 pm,
            b says:

            ONCE A YEAR!!!
            lol, Dont stop, you guys provide excellent entertainment value.
            And on a rare, ever so rare occasion, there might even be somthing said to ponder upon.

          • On December 23, 2013 at 2:41 pm,
            Big Al says:

            Wrong, Bird, you speak what is on your mind anytime you want to!

          • On December 23, 2013 at 4:37 pm,
            JERRY the Long..................O^OTB says:

            Bird,,,,sorry I missed your post……concerning Roger,,,,
            I said , when he departed,,, I would not pay to hear the advice, I already know.
            But, I do like his comments…..something like IRON SHARPENING IRON

  4. On December 23, 2013 at 9:39 am,
    b says:

    What comment not posted? Maybe use a code?

    Anyway, Gary is saying fundamentals are not counting. I am going to take a differant view criminality IS fundamental, and any trader invester has to take that fundamental into account.

    Al? Sign? Its total corruption and has been for some time. The whole market is crooked. I said probly a year maybe two years ago, its like a card game where the dealer knows every card dealt. Ed Steer feels the corruption is SOOOOOoo obvious the managment of the mining secter has to be in on it , nobody is that stupid, even if Oleary says the worst managers in business end up in goldmining. I remember reading that Barrick was knowingly involved.
    Who knows tho, maybe if they dont do as told the ndaa gets applied, we do have a facist government.

    • On December 23, 2013 at 9:47 am,
      Fred says:

      b — You got it right. The level of corrpution is so deeeeep.

      • On December 23, 2013 at 10:04 am,
        Big Al says:

        I would really like to think that this is not the case. Unfortunately I am probably wrong with this philosophy.

        • On December 23, 2013 at 10:08 am,
          b says:

          Al, I would like to think I am wrong too. But when it walks and quacks like a duck, seldom is it a kitty cat.

          Our topic of discussion should not be “is there corruption?” It should be “what the heck can a person do?” As long as good men do nothing etc etc.

          • On December 23, 2013 at 2:43 pm,
            Big Al says:

            That, b, is a very very good point. Look for editorials on that soon.

            Any thoughts?

        • On December 23, 2013 at 11:47 am,
          Grady says:

          I think the world of you Al, but I’m afraid the corruption is bottomless.

          I’m a muckraker by nature, and the deeper I dig, the more appalled I become. It touches every aspect of American life–if it’s important, and there’s money to be made, then it’s dirtier than most can imagine: health, education, war, law enforcement, etc.

          • On December 23, 2013 at 2:23 pm,
            b says:

            @ Grady, Law enforcement really bugs me.
            All over the continent the police kill with impunity now.
            The last one I read reported by RT, the fellow shot himself in the head in the backseat of a police car while his hands were cuffed behind his back. In Carolina.
            The police chief said he understood how crazy it sounds but it happens on occasion.

          • On December 23, 2013 at 2:43 pm,
            Big Al says:

            You’re killing me Grady because I agree with you!

  5. On December 23, 2013 at 9:46 am,
    b says:

    Bird Man, I agree completly with what you were saying. What diferance does it make if “fundamentals” say it should go up if you go broke waiting.
    Sprott is reminding me of the Hunt Brothers. Billioniraes are peons too.

    I also agree with everyone else, gold will go up ( unless the 170,000 tons comes into play) and so will silver. I own both and am not selling, I like Rogers hope to recognise a top when it comes.

    Paul Craig Roberts has an excellent article on 321 again.

    I think the federal reserve note is extremly valuable, it allows the federal resrve to murder and manipulat and enslave billions of people. To see the value you need to see it from their perspective.
    Goldbugs look at it wrong. imo.

    • On December 23, 2013 at 10:10 am,
      Bird Man says:

      Yes billionaires can screw up too. Rick Rule talks a good book like usual. He knows they screwed up though and both he and Al are downplaying it so everyone still looks good. Lets not gloss over the warts. See that is what I mean about paying attention to everything and using your own head. Ignore the hype an the noise and focus on the facts they don’t want to talk about. Blah, blah blah……we have cash he says….blah blah blah

      For now.

      • On December 23, 2013 at 2:45 pm,
        Big Al says:

        I have to believe that is verifiable, Bird.

        Never have known Rick to lie.

  6. On December 23, 2013 at 10:25 am,
    james (the lesserrr) says:

    The comment that was not posted was the one I was going to write if I ever found out unequivically that the gold market was manipulated and what I would do to the culprits. I thought better of it and simply decided not to post it.

    That was the comment that was not posted

    • On December 23, 2013 at 10:29 am,
      b says:

      So James, you have finaly “come to the light?” lol
      Your right about being careful what you type, the nazis went back 10 years to put disenters in camps. And this time…they are better at finding them.

    • On December 23, 2013 at 10:50 am,
      b says:

      (You can listen to the seven-minute “secret society” speech by JFK in NY in 1961 at http://jaytaylormedia.com/audio/,

    • On December 23, 2013 at 2:46 pm,
      Big Al says:

      Like to hear it The Greater (alkorelin@gmail.com)

      Thanks

  7. On December 23, 2013 at 10:26 am,
    b says:

    I understand Bird, and agree. My point about Mr. Sprott being a “peon” billionaire is that billionaires dont have the power to affect much more than anyone else.
    A few more resources maybe but that it.

    In comparison, it is said the Rothchilds owned an estimated 50% of the worlds wealth by the mid 1800s. Can anyone really get their minds around that?

    THAT is power and they are not alone, the truly wealthy and powerful we seldom hear of. Sprott is just another “flea” that sombody decided to “shake off”.
    Just my opinion of course, but I think owning the federal reserve, the american dollar and beyond most imaginations more than that is pretty powerful
    Might bring a little perspective to guys like Sprott,Faber Rogers,Branson,Oleary etc.

    • On December 23, 2013 at 12:17 pm,
      Bird Man says:

      Sprott = Hunts. Enough said. He will find out.

  8. On December 23, 2013 at 11:19 pm,
    David Lagger says:

    Since nearly everyone is now expecting a futures dump to break the 1179 support and trigger stops; perhaps that scenario is no longer in play. The market rarely does what is most obvious; if it did, we would all be millionaires. We will see.

  9. On December 24, 2013 at 2:31 am,
    Bruce says:

    I never but never hear Bill Fleckenstein whine, moan & groan about rule-breaking big money hedge-funds gone amok in the gold market, running stops, etc. Such a whiny losers tone to this interview. Pathetic. Losers lament if I ever heard one. Did anyone complain about hedge funds bombing the gold & silver market with buy orders on the way up?

    Nearly every day, the same whining. These interviews are deer in the headlights talks. Find some way to make some money. Those who can’t find, give up & complain.

  10. On December 24, 2013 at 3:13 am,
    Bruce says:

    Do you ever hear Marc Faber or Jim Rogers bitch, moan & groan about conspiracy manipulation?

    How about a little logic & rationality?

    J Gold May Be In A 50% Correction

    Gold fell to a 3-yr low last week but the precious Yellow metal’s decline may not be over, says investor guru Jim Rogers, Chairman of Rogers Holdings.

    “A 50 percent correction is normal in markets, so why not in gold?” Mr. Rogers said in an interview Monday. “The 12-year rise, 2001-2012, was an anomaly in markets, so the correction may continue to be an anomaly. There will be rallies after big drops, but I expect another opportunity to buy gold.”

    Gold posted a record high of 1,921 oz in September 2011. A 50% drop from that level would put Gold at 960.50 oz.

    Feb Gold futures rose 10.10 on Friday to finish at 1,203.70 on the New York COMEX.

    Mr. Rogers attributes the metal’s decline not only to the 12-yr “anomaly” but also to developments in India, the world’s 2nd-biggest Gold buyer.

    “Indian politicians are blaming their problems on Gold, so [they] have added special taxes, tariffs, controls, and regulations,” he said. “The politicians are now trying to figure out ways to force Indians to sell Gold.”

    If they succeed, “who knows how low Gold could go?” Mr. Rogers said.

    Jim Rogers said that Gold, having lost its safe haven status, may drop to $900 – 1,000 in the next 1-2 yrs.

    Longer term, he has a different forecast.

    Gold will soar to “well beyond $1,900 oz,” topping its record $1,920 high reached in September 2011, said Mr. Rogers, author of Street Smarts: Adventures on the Road and in the Markets.

    The reason: “massive currency debasement” around the world. “Every major central bank in the world is printing a lot of money plus war, chaos, riots in the street, governments failing,” says Mr. Rogers.

    Despite that forecast, Rogers warns investorss not to consider Gold, or any other investment safe. “I would never use the word ‘safe’ when I’m speaking about investing.”

  11. On December 24, 2013 at 5:59 pm,
    David L says:

    Having listened to Jim Rogers for over 15 years, I would observe, he gets the extreme macro trend correct, however, when it comes to medium term he has a rough record. Case in point – He has remained bullish on China thru a grueling correction in equities. If one has capital to tie up for an extended period (10 years), you will be ok – shorter time horizons may be painful.