Haven’t seen Gary this bullish for some time.
Click download link to listen on this device: Download Show
WOW… that would be interesting!
John is a very interesting man.
Do you think we should think about switching from just audio to audio and video?
s a person who travels a lot and is often bandwidth limited, I’m fine with audio.
On the other hand graphs are useful.
Watching a talking head, less so.
On the other hand, a pretty lady…..
is that a good sign?
I don’t think gold going up is a good sign at all.
Problem with gold going up is so does bread.
b!!
That is what GOLD is supposed to do!! PROTECT purchasing power!! COMMON MAN!!….:)
You miss the point SD, obviously I own gold, but my neighbour probably doesn’t.
Think he will be over to my home when he sees that my kids are fed and his are hungry?
If gold shot to 10k, would you really want to live in a city?
I don’t like the thought, gold being “managed” might not be as bad as some people insist.
Good points, but managing gold doesn’t help. It just enables the imbalances and eventual day of reckoning to get ever worse.
And that b, is why we do not live in a “big city”.
And that is why most farmers keep guns and lots of dogs.
b…….there has been 10 % inflation on food for the last several years…..even the FOOD STAMPs allowance…. has increased 35% in the last few years…. WE have had inflation,,,and we are going to continue to have inflation regardless of GOLD GOING HIGHER……………
I agree, just trying to make a point about gold increasing in price “too” quickly.
When its managed, actions to “balance” things can be taken. Theoreticaly anyway.
Gold is insurance, that’s 1 reason we own it. Because our fearless leaders are such great mangers.
Clearly the President’s education stopped before age 14.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/03/money%20childern%204.jpg
The above is the President’s council’s advice for children on money and spending.
Don’t use credit cards? Check out how much tuition is?
Ah well, okay. I guess that makes sense.
Common man, the gov’t put that out?
Thx cfs.
A lot of the people have been watching for a “dump” of U.S.dollars for some time now.
thought I read the Chinese decided not to add more to their hoard a month or two ago.
Our buddy Bob recommended buying “stuff” a year or so back.
It looks to me the American dollar is already out of favour.
Doesn’t surprise me the Russians realise they have the power to “discomboobalate” the American economy.
Obviously if the American leadership had any intelligence they would back off the Ukraine, problem of course is they are war mongers that might blame the Russians for the demise of the dollar.
The issue is the population of the U.S. (being fully informed and aware) will believe them. Hook line and sinker, and they have their war.
Might be time to invest in banks, weapons manufacturing, body bags etc.
b….you might be correct on the Banks……all the banks stocks are up…and Yellen is going to please her friends……..She is looking at Uncle Ben’s pay day speech where he go $250k…for just breathing………….what a hoot………………
Booze and cigarettes also generally do well in times like this! (At least they have historically!)
absolutely Al.
20-25 percent rise sounds good to me.
Would rather see gold at $50,000oz right now and forget all the daily drama.
Mktimer, but would you balk at milk = $1,000 a pint or a loaf of bread = $2,000?
Which will happen sometime, if the dollar still exists after gold = $50K.
At which point the average house will be $20,000,000.00
50,000 gold equals the total collapse of western civilization. You sure you want that?
mktimer,
I really think that $50K is a bit unrealistic at this point.
Call me crazy, but I would not like to see $50K gold given what that would mean.
Looks like Bird and the Professor agree with me!
We are on the same page with this idea. I would be really shocked if gold even hit 3000.
Invest in Aussie Dollar and some Silver. Sell ALL Paper!
Gold is giving the middle finger to the Friday jobs report in advance. It is not depending on economic reports as it has spent 2+ years correcting and it is time to move on.
Maybe Paul L, but I still think that tomorrow will definitely be interesting!
Amazing that the Obama Admin. will rank very high as far as *stock market returns,
*day he took office to day he leaves. Similar to the Clinton Admin. a big thanks to the man behind the curtain Dave Axelrod !
fyi, I sold the remainder of NovaGold (NG). Still love the company/stock longer-term.
But in sticking to my trading methodology, the stock looks over-bought on a short-term basis — so a source of cash while I am otherwise very long the mining sector.
For illustration, the 2-period RSI on NG is now 99.68 and the stock is trading outside of the upper Bollinger band. Also now moving into an over-bought area on the weekly RSI.
My guess, FWIW, is that the mining sector, in general, will now emulate the performance of the leaders and eventually reach over-bought levels on the weekly RSI. In other words — more gains ahead.
The chart patterns, incidentally have been interesting. The leading stocks were the first to take out 50 and then 200 day moving averages. As the 50 day average curled up and started to move toward the 200 day, the stocks typically consolidated. Then, just as the 50 day was getting ready to cross through the 200 day (the golden cross), the stocks would leg higher.
The stocks which lagged a bit, are now putting in identical patterns. During this most recent pause, they have been consolidating above the 200 day. With the 50 day now getting close to the 200 day, they are set up for possible breakouts.
Take a look at the following stocks/ETFs for illustration: GDX, GDXJ, ANV, DRGDF.
It’s wonderful when a plan comes together.
============================================
Note: I am not a registered investment advisor. Nothing here is a solicitation to buy or sell any securities but is provided for information/education only. Please perform your own due diligence.
What I like is new financings in the stronger micro-caps are not affecting stock prices to the down side. CLD as an example. I am watching UWE and have started to buy into it. Wouldn’t be surprised to see a financing soon (less than $4mil in current account) and if it holds it goes up longer term IMHO.
YES NOVAGOLD NICE DAY TODAY ERIC ! FOLLO YOU PLAN GOOD LUCK !
Due diligence?
Hi, Al
From wikipedia…
“Due diligence” is a term used for a number of concepts, involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care.
==============================
my own reference to the term related to that last notion — performing an act (in this case, the act of ‘investing’) with a certain standard of care (doing one’s own research).
Seriously?
Big Al doesn’t know what D.D. means?
I think fermented grapes must have affected his Substantia grisea.
(ask Doc … he’ll know)
An educational/advertizing video on gold=money from Mcalvany:
http://www.youtube.com/watch?v=1uSgSrlX21M&feature=youtu.be
McAlvany never fails to nail it CFS.
Take note that McAlany mentions the use of food as money. Not only that but the accompanied video shows a picture of traders exchanging what look like chickens or pheasants……..just saying for you doubters…..
ditto hoot….on McA………..
David had a great teacher in his father!
I will be looking for gold to hit 1360 and pull back to 1330-1320 if i’m lucky then flip to uber long and ride this wave to 1530 on gold. Lighten up 30-50% at that level, wait for small correction. Then go uber long again. Having said that, just cause i want that doesn’t mean i will get it. Markets fake you out more then treat you so we’ll see.
So much for “isolating” Russia. The Chinese government is publicly siding with Russia on the crisis in Ukraine, and that is very bad news for the United States. Not only does it mean that the U.S. is essentially powerless to do anything about the situation in Ukraine, it also means that Russia and China are starting to understand how much economic leverage that they really have. Yes, the Obama administration can threaten to slap “sanctions” on Russia or threaten to kick Russia “out of the G8“, but those actions would not actually hurt too much. On the other hand, Russia and China hold approximately 25 percent of all foreign-owned U.S. debt, and if they started massively dumping U.S. debt it could rapidly create a nightmare scenario. If Russia and China got together and decided to kill the petrodollar, they could do it almost overnight.
So when it comes to Ukraine, it is definitely not the United States that has the leverage. [Read more…]
oops from silver doc. They also have a list of “maybe its true” list of gold in fort knox etc.
Even better, Russia is in possesion (NSA Documents) of what was planend and how it was implemented…..
If you weren’t sure before…it is now confirmed this morning. Gary Savage is a hack moron who has cost his subs millions.
Do the opposite of what this rock climbing dick suggests.
John Williams on the Russian threat:
http://www.youtube.com/watch?feature=player_embedded&v=9LSHdkaCLOA