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Diversification, gold and mining properties

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March 29, 2014
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Discussion
220 Comments
    cfs
    Mar 29, 2014 29:41 AM

    No change in GLD inventory in last few days.

    cfs
    Mar 29, 2014 29:47 AM

    Clear evidence of manipulation may be seen in this Bloomberg graph, via zerohedge:

    http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/03-overflow/20140328_open2.png

      Mar 29, 2014 29:01 AM

      Let’s all buy gold while they manipulate it down the toilet.

      Mar 29, 2014 29:03 PM

      I think that we have pretty much agreed that manipulation does exist in the sense that the very big players drive the price down by shorting and then pocket the profits at the bottom.

      Certainly no morally right, is it?

    Mar 29, 2014 29:49 AM

    Says it all CFS.

    cfs
    Mar 29, 2014 29:51 AM

    Rickards at Sprott:

    http://www.sprottmoney.com/news/ask-the-expert-james-rickards-march-2014

    indicating how obviousgold price manipulation is.

      Mar 29, 2014 29:04 PM

      Do you think that Sprott is big enough to be part of the “game”?

        Mar 31, 2014 31:44 AM

        Sprott is big enough.
        Do I think he manipulates the gold price? No.
        Do I think he takes advantage of the manipulation? Yes.
        I believe he is knowledgeable enough to see what is going on and use the manipulation to his advantage.

          Mar 31, 2014 31:22 AM

          Nonsense CFS…..the guy got totally destroyed on his gold fund and his precious metals investments along with all the investors who stuck by his extremely flawed philosophy. He got kicked off the board of his own company for his incredibly poor decision making and management skills where gold was concerned. You are trying to tell me he is knowledgeable about metals now? Pleeeeeease stop before you say anything else ridiculous today! NOBODY got more beaten by gold than Sprotts funds. Even Paulson had the sense to shut it down and get out before the end came.

    cfs
    Mar 29, 2014 29:53 AM

    Expect gold price to start climbing again for 3 weeks, starting April 1.

    (2 cents.)

      Mar 29, 2014 29:21 AM

      And, cfs of getting stuck in come June/July!

      Mar 29, 2014 29:04 PM

      Okay Professor, and why do you feel that way?

        Mar 31, 2014 31:46 AM

        That is the pattern associated with options expiry.

      Mar 29, 2014 29:20 PM

      cfs……that’s a brave call to make….but I underway you said April 1.

        Mar 29, 2014 29:24 PM

        OOOPS……underway. Should read understand……See folks that’s what 3 pints of good Real Ale doe’s to you……..

    cfs
    Mar 29, 2014 29:57 AM

    As reported at zerohedge, the FT and seen outside bullion dealers in Japan; there is considerable and increasing expectation of a currency collapse in Japan, with lines outside gold dealers up to 30 minutes long.

      Mar 29, 2014 29:37 AM

      ‘Creating a grievance culture’ CFS is perhaps the most pernicious of the tools for bringing down a country. Here in the UK we’ve got 45% of our graduates now reckoned never to repay their uni debts, thereby giving them a non-existent credit rating when it comes to buying property, etc. Debt (Wonga) slaves stand to become the most aggrieved segment of any western society very shortly.

        CFS………..thanks for the post………

        Mar 29, 2014 29:13 PM

        Debt definitely screws up a person’s thinking Reverend!

        Mar 31, 2014 31:03 AM

        Local city voting in France indicates a definite swing to the right.

        My French is passable, but not great.
        One Prix candidate was accusing the left with deliberate destruction of the French way of life:
        1. One via genetic manipulation. By paying more benefits to non-working people with children, and paying higher benefits if you have more children, France, he said, is encouraging the more stupid people to breed more and thus reducing proportionately the more intelligent population.
        2. By encouraging immigration from Africa (He did not say Africa, but implied it) a non-Christian increasing fraction of the population is being developed which is will fracture the unity of the nation and lead to more crime and less Frenchness.
        (I know frenchness is not a word but my brain is not thinking quickly in English at the moment.)

        Ergo deliberate destruction of la vie Francais…..the French way of life, just for politicians to get more votes!
        Looks like the National Front, (The French UKIP) is taking a win from this attack on the socialists.

      Mar 29, 2014 29:12 PM

      It is so good I am posting it on the site as soon as I am done addressing the comments.

      Many thanks Professor!

    Mar 29, 2014 29:20 AM

    Bob M – you’re an absolute GEM! Thank you!
    Yes Al you’re right: Big government thrives (depends) upon people being stupid while drugged up on game shows, booze, Big Macs, anti-depressants, and the vicarious worship of celebrities. Freedom of thought is THE enemy in these Orwellian times.
    Small wonder then that our Chancellor crows in his recent budget about reducing a pint of beer – typically costing £3-£4 by a penny, whilst on a conservative estimate property prices in London are going up by 20% p.a., and where despite his claims of inflation running at less than 2%, the reality it’s running north of 10%.

      Mar 29, 2014 29:29 AM

      Thanks. I was wondering what happened to his part in that discussion. I have been listening to Michael Pento for a long time. He is one of the people who tells it like it is. May I ask that KER consider sometimes having Michael Pento on the shows?

        Mar 29, 2014 29:19 PM

        You have a deal Derek

      ANDY………SOME ARE STARTING TO WAKE UP………thanks for posting…….
      and some say we do not have manipulation, and their is not a conspiracy….
      WAKE UP….do not be left in the dust……..Gold is going higher, Like HH said,
      to bad, he had to leave………
      btw……….KWN…is always a good listen to, after the BIG AL REPORT…..

        Mar 29, 2014 29:26 PM

        Thanks Owl,

        You know, it is all about working together. I don’t know Erik King. He certainly has monetized this thing very well. Given the fact that I have been dealing with these topics since 1992, I have to admit that I am not a good monitizer.

        But you know what, I will bet that I have one heck of a lot more fun! (Virtually no overhead to worry about. No overhead? Yep, my time is worth zero! Now if that doesn’t show my stupidity I am not sure what does.

          Mar 29, 2014 29:43 PM

          AL ….keep up the good work…& yes have fun doing it…..Just to let you know , we all respect you , & some of us love you…….You are the …REAL McCoy.

      Mar 29, 2014 29:18 PM

      That is amazing!

      I have to say that I feel no danger of censorship right now. A few years from now regulations may very well be instigated where topics similar to what we discuss on this site may very well be deemed to be illegal. You know what though, I don’t think that will happen.

      Say a prayer Reverend

        Mar 29, 2014 29:32 PM

        Inclined to agree Al. like all those merchants telling us we (they) are going to get raptured like sometime tomorrow. Of course that won’t happen anymore than your site getting shut down because there’s just too much open media free speech. Doesn’t mean I won’t pray however!

          Mar 29, 2014 29:14 PM

          Every single day Reverend!

            Mar 29, 2014 29:46 PM

            Andrew…..Say a prayer for this sinner…in need…me….Thank You.

            Mar 30, 2014 30:42 AM

            Of course Mr Irish – I remember a line from that film Poseidon when the chaplain on that sinking vessel says ‘God loves triers’!!

            Mar 30, 2014 30:37 AM

            Of course Mr. Irish and Reverend we all need prayers from others! We are all in this “game” together.

            I have this funny feeling that the two of you need less that the vast majority of our society.

            God bless you both!

        Mar 31, 2014 31:10 AM

        If the US makes the site illegal, I hope it will move just north of the border or just south of the border. (I would not want to live in Tijuana, but the sailing round there is nice.)

    Mar 29, 2014 29:42 AM

    Am looking for investment ideas.

    Recently my fiat cash position was increased by 10% due to closing a position which was yielding 12% interest in a tax deferred account.

    I’ve ruled out:
    > adding PM’s as I’m already at 25% and don’t want more.
    > conventional market stocks & bonds
    > swamp land in Florida
    > bridges in Texas
    > antique Edsels

    Investing in a winery in the Okanagan Valley appeals to me. Any other ideas?
    http://www.hestercreek.com/media/wysiwyg/img960x275_16.jpg

      Mar 29, 2014 29:23 AM

      This wine co not in Okanagan, but well diversified in Canada.

      http://www.andrewpeller.com/History.php
      -disclosure: I own a few shares of ADW.A (toronto)

      Mar 29, 2014 29:30 PM

      I would hope that you know a lot about the wine business.

      As you know, Kathy and I collect wine and continue to visit a lot of different wineries. The only thing I know about Okanagan Valley wines is that the whites are pretty good and the reds (at least those that I have had) are not the greatest. I also know that at this point of the evolution of wines from that area. they are not worth bringing into the U.S. because of the huge import taxes and the huge local taxes.

      A great part of the world though.

        Mar 30, 2014 30:14 AM

        Thanks for the comment Big Al.

        So far, I haven’t been able to find a way to invest directly in Okanagan wine industry. It seems that Andrew Peller (adw.a) is the only Canadian company open to investors.

        Will be contacting a couple people in the investing biz on Monday to see what they can come up with.

          Mar 30, 2014 30:38 AM

          Please share their thoughts with us, if you would not mind.

      Mar 29, 2014 29:01 PM

      Swamp land in Fl. can be very profitable. Stills and alligators both bring in an income.

        alligator belts…….$400-1000……..alligator shoe…….$700-1400, and there is always a shortage of supply…………..forgot the ladies……handbags……$3000 -50,000….
        GATOR …..get the pontoon ready…………

          Mar 30, 2014 30:32 PM

          Ready and waiting Owl. It will be a hoot………

        Mar 30, 2014 30:38 AM

        Your basketball team is sure doing well!

          Mar 30, 2014 30:35 PM

          Hoping to go all the way….basket ball is now the UF game….football has taken a back seat……

      Mar 30, 2014 30:55 PM

      Russian stocks…….just a thought Irwin.

    Mar 29, 2014 29:20 AM

    I am not so concerned about Quebec separation as much as I am about Western Canada (mainly Alberta and BC) going it alone especially with their huge amount of oil. Quebec society has changed to the point that the separatist’s don’t have the immigration vote which is critical. But there is a lot of dissatisfaction in Western Canada with central and the eastern parts, they have the money and they don’t want to share, for this reason I think they will be the first to leave but Quebec might be the next to vote on this issue. DT

      Mar 29, 2014 29:32 PM

      I would be very surprised if that actually happened.

      I think that Bob’s point is that it is amazing that this line of thinking is even in existence. I have to completely agree with him on that.

    Mar 29, 2014 29:51 AM

    Al, Cory and Bob M,………..75 percent or more of the people in the U.S. do NOT have the “intellectual capacity” to understand anything about how the economy is run, the banksters, the Federal Reserve, the debt situation, the Middle East & Ukraine issues and all the issues you, other blogs and websites provide and discuss.
    All the masses know is if they have a job to live paycheck to paycheck or live on governmental assistance. All these people know is how to get tatoos, color their hair, get their cannibus/drugs/alcohol, get their face/body piercings, look, listen to music & watch sports 24/7 and talk stupid.

    The masses are GONE…..you can’t educate an illiterate idiot…….the masses of Americans are MORE stupid than a pet rock…….so its IMPOSSIBLE to educate the masses of people…….the U.S. Gov’t Policy is keep the masses of idiots housed and fed and the Gov’t/Pentagon/Wall St firms/Corporate america will do whatever they want.

      Mar 29, 2014 29:19 AM

      Very true Fred. The US (and western world for that matter) is headed towards where the Japanese society is today. Pop culture has become so self absorbed, taking young people away from the things that matter… taking people away from faith, knowledge and any true fabric that anchors a society. Media is then able to shape the culture, because we’ve lost the ability to think and discern with informed, sound minds. Sad situation we’re in, but we can decide to stay positive and make good decisions for our families.

        Mar 29, 2014 29:21 AM

        Perhaps that’s why I’m feeling so sad today. Here in Britain we have an achingly beautiful spring day. But visits from my family and although two of our three sons and their partners are very ‘successful’ my wife and I are left with a real sense of sorrow that even families have grown so atomised that they too to use Dickinson’s phrase only live their own ‘lives of quiet desperation’.
        People are so pre-occupied with surviving or looking to climb the next rung of whatever ladder they’re on that genuine thoughts/love gets all but vapourised. Maybe others on this site (without obliging Al’s platform to become one long agony aunt rant) feel as I do: The hopeless emptiness that seems to enclose so many.
        Don’t worry this pain too shall pass. But why do so FEW see/feel what’s going on?

          BRAD …..I agree with you on the Japan comment………The USA is headed in the same direction as JAPAN…,but, Japan got their first…..The people of Japan are starting to wake up and buying Gold,,,,,this should be a wake up call for the traders, paper profits are going to be nothing but paper…………….

          Mar 29, 2014 29:18 PM

          Hi Andrew, I was always a hustler in life, I still am and I continue to see lots of opportunity but it requires commitment and energy. Out of my three children only my daughter thinks and acts in a similar fashion the other two simply survive by working part time and sharing a flat, I know you shouldn’t expect your immediate family members to have your personality but it bothers me that they can barely support themselves and instead find excuses for why this is.

          As a species we are not keeping up with the changes that are occurring at an accelerated clip and it has left a lot of people at a loss to adapt so they turn to mindless distractions and excuses. In the future we are bound to see many more misfits in the game of life. That is why I see artificial robotic intelligence supplanting us. DT

            Mar 29, 2014 29:43 PM

            Thanks DT, A

            Mar 29, 2014 29:42 PM

            You have to teach them a lesson that I am sure you learned a long time ago. That lesson is, “You can blame others for nothing. Take charge of your own life and make a difference yourself!”

          Mar 29, 2014 29:40 PM

          You know I lived a life of “quiet desperation” when I was in my twenties (20 – 27 to be exact), but I realized that it simply did not work.

          Since that time, life has gotten very, very good and stayed very, very good. (A I don’t necessarily mean monetarily as no one knows better than I that money definitely does not bring happiness.)

          Mar 29, 2014 29:58 PM

          Andrew…That’s the sad part of it….family separation…& the break up of communities …….People every day are being bombarded , by the media , that they must have this thing , & they are not normal if they don’t live this or that type of life style…..What ever happened to …free choice .

            Mar 30, 2014 30:40 AM

            Mr Irish,

            What makes our family so great, my friend, is that none of us fall into that category. I am seeing some REAL VALUES being discussed here. And, I am so grateful!

        Mar 29, 2014 29:37 PM

        Your last comment is incredibly GOOD ADVICE.

        Mar 29, 2014 29:49 PM

        Brad…..Media is the curse of the common people.

          Mar 30, 2014 30:41 AM

          You know Mr. Irish the one thing that I agree with Michael Moore on is his very strong statement that the film world can and does absolutely poison many people.

      Mar 29, 2014 29:25 AM

      I can not argue with your position Fred. Up here in Canada my own mother tried to tell me to sell my PMs and go on welfare rather than tough it out and live in my car because I am unemployed and evicted as of march 30. She even tried to tell me her oldest son that I am not entitled to have any kind of a life style based on work or investing. I am sick and tired of that kind of defeatist crap spued by government employees and dependants. I hung up on her. I know it is a hell of a thing to do but I can not have my mind poisoned by prosystem propaganda even if I have to live in a car for a while. The labor market under pays, the real estate market is hyper inflated and the gold and silver prices are manipulated into insignificance and out right thievery. I have nothing to gain by gining into all that criminal garbage. I did not spend the last 31 years trying to earn money and shed my sweat and blood on the job to lose it all on account of bad advice and some ones agenda plus hard times. I alone made the sacrifice and by my self and god I intend to collect the benefits. My whole strategy was to overcome the expense of real estate because I was never paid enought to handle paying a morgage any way. I just can’t stand people messing with my head when I have the right asset but under some rather unfortunate circumstances.

        Mar 29, 2014 29:30 PM

        Very moving piece Steven – thank you. What you are doing is being true to yourself, and that my friend is to lay claim to the pearl of great price. There’s a bed here for you in England!?

          Mar 29, 2014 29:45 PM

          Steven,

          Yes, a very moving piece. Thank you.

            Mar 29, 2014 29:48 PM

            While I was typing the comment in question my younger brother was giving me a load of crap also. His attitude is that everything is my fault and I do mean everything. The policies and decisions of others are not my fault. Any way I hung up on him. As a general rule I don’t like being rude to my relatives but they are out of line and have over stepped the mark with me. They are seriously tempting me to excommunicate them. What ever happens here where I am is where I must gain my victory. I will be off line for a while after this week end.

            Mar 29, 2014 29:11 PM

            Steven…..Some advice from an old fool…..1..STAY TRUE TO YOURSELF….2..TRY TO MAKE PEACE WITH YOUR FAMILY & TELL THEM THIS IS YOUR DESISSION RIGHT OR WRONG ,TELL THEM YOU LOVE THEM ,& ASK FOR THEIR SUPPORT

            Mar 30, 2014 30:01 AM

            Great advice Tony.

            But bear in mind Steven that (what they say is) the oldest book in the Bible JOB there’s this poor guy in that story who got hit with every type of misfortune – a whirlwind destroying his house and carrying off all his cattle and family; with homelessness followed by boils and running sores, which he then tried to scratch away at with a piece of broken pottery. But worse than any of that were Job’s comforters’ who were nothing of the kind, but prissy moralists who tried to make out that Job had brought his misfortune on himself and that somehow it was a punishment from God!!

            More importantly there’s a happy outcome to this miserable tale in that Job has all his losses restored to him (don’t know about the family if they got carried off in that whirlwind!), but who ends up wealthy and vindicated before God. We hear no more of the man’s comforters, but presumably like the Lord Haw haws of this world they melted into obscurity.

            I love that book of Job since it reminds us that Satan (the word means an ‘accuser’) loves nothing more than to try and make us feel guilty when everyone else is saying/doing something different!

            Stay cool my friend. You too will be vindicated!!

            Mar 30, 2014 30:55 AM

            Comments directed to Mr. Irish and Reverend,

            Absolutely wonderful advice from both of you to Steven. Sooooo true in both cases.
            Mr. Irish you are definitely not an old fool, you are a great man!

            You know you guys on this site never cease to amaze this “old fool” who is trying very hard not to be one.

            I love both you guys!

            Mar 30, 2014 30:22 PM

            I’m beginning to well up – stop…..!

      Mar 29, 2014 29:35 PM

      Couple of comments Fred,

      First of all leave alcohol out of it because you are now getting personal. (Remember Jesus first miracle. At least that is my rationale!)

      Secondly if you keep insulting Rocko, our pet rock who goes everywhere with us we will have to censor you from this site!

      Okay man, I am now heading down to the local sports bar to watch whatever inane program they have on! Bring on the Bud Light!

        Mar 30, 2014 30:01 AM

        Al……gotta have that wine too……Feast of Cana where Jesus turned water into wine……..I can dig it………sippin on some wine now as I type……doubt I could hurt Rocko’s feelings……those words would never be allowed to penetrate…….went to a sports bar myself yesterday to watch some March Madness Basketball………observed that I was the only intellectual there but again knew what I was walkin into…….didn’t go there to talk world issues…..everyone there seems to bet on these games…….skin in the game……..the AMERICAN way……..so my motto is like theirs……..Live it up today like there is no tomorrow because you never know when there might be no tomorrow……..have a drink on me.

          Mar 30, 2014 30:57 AM

          Many thanks Fred and you as well!

          You know, on a serious note I have not been in a sports bar for an awful long time. Maybe I should go back huh?

    Mar 29, 2014 29:59 AM

    Fred…I enjoyed your rant……only because I agree…never stop speaking your mind….

      Irish ,,,was that a Rant? ….I think it was an educated observation………
      btw……..how are you doing…….great I hope………….best……..ootb

        Mar 29, 2014 29:48 PM

        Now I know you are not Owl Coinland. You are In The Box.

        Bad slip on your part!

        Were you aware that I have Owl Coinland copyrighted? Do you have any idea how big the upcoming lawsuit will be. (You will be okay though because I promised your daughter I would split the proceeds with her!)

      Mar 29, 2014 29:46 PM

      Damn right, Mr. Irish!

    Mar 29, 2014 29:42 AM

    Katy bar the door……James Whitcomb Riley’s poem When Lide Married Him, 1894:

    When Lide married him – w’y, she had to jes dee-fy
    The whole poppilation! – But she never bat’ an eye!
    Her parents begged, and threatened – she must give him up – that he
    Wuz jes “a common drunkard!” – And he wuz, appearantly.
    Swore they’d chase him off the place
    Ef he ever showed his face
    Long after she’d eloped with him and married him fer shore!
    When Lide married him, it wuz “Katy, bar the door!”

    Maybe Franky could translate the above Riley passage for us??????

      MAYBE frarkie is a HOOSIER POET…….(FROM INDIANA),

        Mar 29, 2014 29:02 PM

        Sarah graduated and briefly taught at DePauw University in beautiful Greencastle, Indiana. Beautiful if you completely disregard the weather. So watch your comments about Indiana. (Strange, we haven’t been back there since she graduated and neither has she.)

        Here is a funny story: The first time Kathy and I flew back there we had a hilarious experience. We check into the Holiday Inn Express and I asked the lady at the desk if there was an Italian restaurant in the area. Her eyes lit up and she gave me the biggest smile I have ever seen and said, “Oh yes and it is right across the street.”

        I thought, “great, a bottle of good Italian wine is just what the doctor order for me right now.” So we walked across the street and joined about 1000 members of what appeared to be a girls’ softball team. I quickly realized that this great Italian restaurant specialized in both pizza (of sorts) and spaghetti (again of sorts). The waitress asked Kathy and I what we would like to drink and, you guessed it, we had a choice of coke (regular or diet) sprite and/or root beer. I told her that was not exactly what I had in mind. My first question to her was where the nearest liquor store was. She told me it was about a mile down the street, but that I could not bring it into the restaurant. I said no problem, we ate a very quick plate of luke warm spaghetti and hustled down the street and then hustled even faster back to our hotel room. Welcome to Indiana!

          Mar 29, 2014 29:17 PM

          Al…Have you & Kathy got a drink problem ?……..Just kidding my friend…haha

            Mar 30, 2014 30:05 AM

            I’ve got a 35 year old malt which I’d love to share with some civilised drinkers…..?

            Mar 30, 2014 30:07 AM

            Count me in! Rev.
            I ounce had an idea of making a “Dry County Map”.
            The map would highlight the drinking laws of the various juridictions.
            The idea was thought of to assist mainly for non-reformed Northeners traveling south through the Bible belt.
            I thought of it when my Father told the story of unwittingly stopping in what he called the wrong county on his way to a winter retreat in Florida.
            He described his then situation similar to Al’s except there was no liquor store to be found. Who would not buy a map in order to avoid such a bind.
            I caution you not to stay over in the Carolinas. Especially in traveling on Sunday!

            Mar 30, 2014 30:39 AM

            Good man Dennis! One of the paradoxes of the Hebrides is they brew some of the best Highland whiskies, while sticking to their prohibition rules!

            Mar 30, 2014 30:58 AM

            Definitely not a serious problem. Just crops up when we run out of liquor!

            Mar 30, 2014 30:34 PM

            I knew a guy like that. Loved his booze. All was well until it ran dry. Late one Sunday night in the early eighties his beer ran out before he was ready to quit drinking. So he got in his car and drove that old Malibu straight through the front window of the Government liquor store in Kitsilano. Then he loaded up the cases of Molson’s and drove off in the night. No cameras in those days but a neighbor got his plates and he got to sober up in city jail for a week. Some guys just love their booze!

            Mar 30, 2014 30:13 PM

            Birdman typed “Some guys just love their booze!”
            “Some????????????????”
            Some might say MANY…….others MOST……the answer is somewhere between some and most.
            There is certainly a market share to be had.

          Mar 31, 2014 31:16 AM

          Yeh, But Indiana does not tax you to death.

      Mar 29, 2014 29:38 PM
      Mar 29, 2014 29:50 PM

      That Esq. is a great poem!

    Mar 29, 2014 29:43 AM

    Well, I believe Peter Brant. Unfortunately, gold is in a bear market until proven otherwise. And I won;t risk anymore on the sector. Gold has had 20 year periods of decline. Need to be cautious here.

      there is not way that the present situation can last 20 yrs……….

        Mar 29, 2014 29:03 PM

        I certainly agree Mr. Copyright Infringer!

          Mar 29, 2014 29:21 PM

          Al……”STOP” calling my good friend nasty names……………………………………………….
          Jerry… that’s another $10 bucks you owe me for covering your ASS……

    Mar 29, 2014 29:34 AM

    On April 27, 2013 at 8:32 am,
    Dennis M. O’Neil says:

    ARLISS AND THE NATURE OF MONEY

    How many Disney movies can you think of that open up with an exploration into the nature of money?
    I can only think of one. Not quite as in depth as “Atlas Shrugged” but a curious beginning to a Disney movie. It is as if there was no better way to start the picture.
    Old Yeller was not Travis’ first dog.
    Travis’ favored first dog Bell was bit by a rattler.
    Just after the Civil War Bell was bitten by the head of a rattler “Papa” had separated from its writhing body with a scythe. The favored Bell did not make it.
    Was the name of the felled favored first dog an accident?
    The young America’s hard fought for Liberty was symbolized by a cracked Bell.
    The Civil War had killed the country’s innocence causing it to mourn as Travis mourned his favored dog. Then Old Yeller burst onto to the scene calling for the love of a dog and/or liberty once again.
    It is difficult not to compare Travis’ dogs with America’s healing and struggle for liberty.
    Travis was given the chance to name the newly arrived stray.
    He could have just as easily called him Ishmael.
    On a basic level Old Yeller is a kid’s story of adventure on the frontier.
    But the author of both the book and the screenplay delved into deeper levels of concern even though very simply put.
    Below is dialogue from the movie’s opening scene, to wit:
    Arliss: “What’s pop gonna sell our steers for?”
    Travis: “For money of course!”
    Arliss: “What’s money?”
    Travis: “It’s what you buy things with.”
    Arliss: “What do you mean buy things?”
    Travis: “Well you got money ya give it ta people for stuff. They say you can get anything for money.”
    Arliss: “Anything!!!!!! What’s it look like?”
    Travis: “I never seen but one piece…a dollar bill Papa had. Its paper”
    Arliss: “What did Papa get for this dollar?”
    Travis: “Nothing it was no good.”
    Arliss: “But you just said you could get anything with money!”
    Travis: “Well you can..Papa’s was Confederate.”
    Arliss: “What’s Confederate money?”
    Travis: “Confederate money…well…..it’s……..
    Arliss: “ Well!?????”
    Travis: “Don’t you ever run out of questions!”

    Maybe we should be more like Arliss and ask more questions about the nature of money.

      Mar 29, 2014 29:06 PM

      That Esq, is a great point!

      Mar 30, 2014 30:30 AM

      Arliss: “What’s money?”
      The Truth: Money is only gold and silver coin and bullion. Everything else that is popularly called money is not money. It is currency only. Money has intrinsic value due to what it is made of and is a store of value. Currency is not a store of value and is usually made out of electricity or paper and other cheap materials. Also currency no longer represents or is backed by gold or silver which is money.
      The world is not using money it is using currencies that have no value and the markets are pricing money with currencies in a manner that is totally dishonest and totally criminal. For the price of money in terms of currency to be honest you would have to tally up the total gold and silver money (Above ground Bullion and Coin). Then you would have to tally up the total currency of the world and divide total currency by ounces of money AKA gold and or silver. That would be an honest exchange rate between money and currency. Short of doing that all you have is a criminal game of let’s pretend.

        Mar 30, 2014 30:10 AM

        Steven I completely agree.
        The Disney script was certainly not a Randian dissertation on what is money for that listen to Mike Maloney read Ayn’s take:
        http://www.youtube.com/watch?v=wkivn_3zn5I

          Mar 31, 2014 31:59 AM

          Thanks Dennis an absolutely brilliant post. Money IS the root of all good. Avarice (the LOVE of) is the root of all evil.

            Mar 31, 2014 31:07 AM

            A summary of Atlas shrugged can be bought very reasonably on Amazon.

        Mar 30, 2014 30:03 PM

        What the heck is somebody with your intelligence doing living in a car?

    b
    Mar 29, 2014 29:35 AM

    Russia, North Korea plan to trade in rubles

    Russia and North Korea may soon carry out all trade operations in Russian roubles, said Aleksandr Galushka, Russia’s Minister of the Development of the Far East. “The sides decided to carry out mutual trade on a new level by increasing the volume up to $1 billion by 2020,” he added. According to Galushka, this step would solve the problems of interbank cooperation between the countries.

    SEG. 1…….DOC is spot on……………do your own DD…..

      SEG.1. RICK is spot on..Boomer better protect themselves…because the 30 somethings are broke……..and they have more debt and will not be able to dig themselves out…school debt, house debt, car debt……..ANYONE in debt, can not help anyone, they can not even help themselves.

        BOB ……..IS SPOT ON…………

          Big Al………IF you are worried about the 2016 election and the administration shutting you down………you should be looking into a THIRD PARTY……..

            I am not sure I agree with seg.8……Peter B.. did miss the greatest part of the move, if he came in 07…………commodities trader………ok, but, commodities and monetary issues are not the same………….but, thanks for have him………..ootb

            having not have…………

            Mar 29, 2014 29:10 PM

            You have no idea how much I talk about politics with all of my friends! Those who will still talk with me!

        Mar 29, 2014 29:09 PM

        Amen, my forgiven son! I am doing that because I realize that you took the name Owl Coinland after considerable pressure from your daughter. I am sure that she is very sorry for having done that. “Don’t worry, my dear. You too are forgiven by the omnipotent one!

        Mar 29, 2014 29:13 PM

        SECTION 8:
        SORRY COMPLETELY DISAGREE. He will be eating his charts before this is over! I could care less WHO THIS GUYS IS. Never, NEVER is market history have we been in this ocean of debt as deep and distorted is WORLD HISTORY. This market will eat his CHARTS ALIVE!

    Mar 29, 2014 29:54 AM

    Why I think gold analysis is a total waste of time and should be done for entertainment purposes only. Either you have some, or you don’t.

    Yesterday (28th) Richard (is that our Doc?) put a positive spin on the COT report:
    “Gold showed a whopping decrease in about 35,000 short contracts and only a 2500 decrease in long contracts.”

    Trader Dan is batting for the bears with this line:
    “A combination of LONG LIQUIDATION and NEW SHORTING produced a drop of some 18,000 contracts ( futures and options combined ) in the overall net long positioning of the group of traders.”
    http://www.traderdannorcini.blogspot.ca/2014/03/weekend-gold-analysis.html

    The bulls can make their case;
    the bears make theirs;
    what difference does it make;
    all are selling their wares!

    b
    Mar 29, 2014 29:12 AM

    SD has a good interview today.
    I guess the U.S. dealers are not purchaseing gold from the mint, they cant get 2014 stock and are forced to buy 2012-13 coins.
    The point of course is the mint hasnt sold out for a couple years.

    Any shortage was all to do with the minting capabilities, no shoratge of physical gold, all demand has been met by supply, always has.

      b….SD?

        b
        Mar 29, 2014 29:02 PM

        sd is silver doctor.

        They were selling at .68 cents over spot for awhile, now there up to 77 cents I think.
        Premiums are going down as demand diminishes I think.

      Mar 30, 2014 30:45 PM

      Exactly B. Supply is no problem at all. Just a fantasy of the gold community. Like I said before….just walk into any silver shop or jewellry outfit. You see any shortages there? Nope. The supply and demand theory for metals is just a bunch of fluff. Only sentiments push prices and right now sentiments are still in the gutter.

    Mar 29, 2014 29:09 PM

    The psychology of the illusion carries the day.
    When the walnut shell is raised revealing there is no pea it is with much dismay.
    But confidence is soon restored as the game continues.
    You track the pea successfully when the stakes are none and low.
    As soon as the stakes are convincing the pea is not to be found when it counts.
    The truth of the economy in which is live is it is almost entirely a fraud.
    We participate as if we are following a shell game.
    When it matters the pea will be hard to find.
    All know the tricks of the trade.
    All know the three-card monte is a con.
    The shell game is known for its theft.
    But the expert conjuring convincingly instills confidence in the victim.
    How hard can it be to “follow a pea”.
    “Keep your eye on the Queen.”
    If there was no confidence the game would end.
    No takers!
    Any construct of illusion will end when there are no takers of the fraud.
    People need to prefer reality as opposed to a comfortable artifice.
    The comfortable artifice must end.
    Fraud will be cast away in favor of reality.
    Reality must prove itself.
    Destroying the confidence of the farce.

    Mar 29, 2014 29:53 PM

    (GATA) Class-action anti-trust suit against London gold fixers draws on GATA consultant’s work

    Submitted by cpowell on 01:45AM ET Saturday, March 29, 2014. Section: Daily Dispatches
    3:40p ICT Saturday, March 29, 2014

    Dear Friend of GATA and Gold:

    Another class-action anti-trust lawsuit against the five international banks operating the London daily gold price fixings was filed this week in U.S. District Court in New York. The lawsuit complains that the daily gold fixing is anti-competitive and collusive on its face, insofar as it involves nominal market competitors communicating privately to set prices, quite apart from any good intentions they might have. The lawsuit draws on the recent studies reported by news organizations raising questions about the London fixing as well as on the recent work of GATA consultant James McShirley, whose study, “The Curious Case of the PM Fix vs. the AM Fix,” was published two weeks ago:

    http://www.gata.org/node/13775

    The suit was brought by the law firm of Berger & Montague in Philadelphia and the New York firm of Quinn, Emanuel, Urquhart, and Sullivan. It is packed with market data analysis and price charts and it’s posted at GATA’s Internet site here:

    http://www.gata.org/files/LondonGoldFixLawsuit03-28-2014.pdf

    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.

    Mar 29, 2014 29:06 PM

    The Curious Case of the PM Fix vs. the AM Fix

    Here is the direct link….http://news.goldseek.com/GoldSeek/1394826567.php

    Mar 29, 2014 29:30 PM

    Gold is a huge ponzi scheme if there ever was one. A chunk of metal that returns nothing. Own cash flow real estate and over time you will become wealthy.
    If ya listen to Bob we we would have 3 world war wars going on and the system collapsed 4 times and we would be running around with silver coins to buy bread. Read back on the fear mongering 13 years. Wake the F up. Many I know lost their shirts an PM stocks. They go up then fall 95%. Oh ya bonds were gooung to collapse years ago as well. LOL

    Mar 29, 2014 29:14 PM

    You need to take a stand in life but in doing so you will have people who won’t like you but that only attests to the strength of ones character. Like Winston Churchill said ” You can tell the strength of a man by the adversaries he creates. DT

    Mar 29, 2014 29:44 PM

    Every single day Reverend!

      Mar 29, 2014 29:56 PM

      And EUROPE IS TOTTAL GRAP GRAP 8 https://www.youtube.com/watch?v=Fyq7WRr_GPg EU PRESIDENT HERMAN VAN ROMPUY IS A KNIGHT OF MALTA JESUIT SCHOOLED WAER JIMY CARTER FRIND CRAZY WORLD !

        Mar 29, 2014 29:38 PM

        franky….I know you don’t like the Jesuits…..As an Irish catholic child of the 50s..i can tell people that these people were…..”EVIL”…..nuff said.

    b
    Mar 29, 2014 29:38 PM

    Trying to stay afloat in a tough environment, a group of Canadian junior miners have decided to diversified their business by tapping into an emerging, but controversial market: medical marijuana.

    According to a Reuters’ report, in the last two months there have been at least a dozen of these companies, hard hit by a downturn in the mining industry, which have announced they are considering growing cannabis.

    Interest in this business has been growing since Health Canada announced it would allow licensed commercial growing of medical marijuana beginning April 1. In the US, meanwhile, states such as Colorado and Washington are moving to legalize the drug.

    Companies such as Next Gen, Sartori Resources and TSX Venture-listed Cavan Ventures, have floated the idea of an incursion in the industry, with the news regularly sending their stocks to a temporary high.

      Mar 30, 2014 30:12 PM

      Washington has legalized it and that cost Kathy and I about $10K when a couple of guys and their girl friend turned our little condo into a grow house.

      The funny part about the whole deal were the attorney fees that we incurred to evict these people.

    b
    Mar 29, 2014 29:43 PM

    Wouldn’t surprise me they find out there is more money in pot than there is in mining.
    Apparently the Cartels are now buying mining operations in central and south america.

    Mar 29, 2014 29:14 PM

    THE NAM OF THE GAME IS CONTROL https://www.youtube.com/watch?v=QuE–xlkTYk

    Mar 29, 2014 29:27 PM

    BP OIL SPILL NO OVER 88888888 !!!!!!!!https://www.youtube.com/watch?v=91O3pA8BlNQ

    Mar 29, 2014 29:42 PM

    ( LOL ) IS I A IDIOT !

    Mar 29, 2014 29:40 PM

    Hi Big Al,
    Re: Red wines
    The Okanagan is but one of many grape growing regions in B.C..
    Might try to suss out some Keremeos/Cawston Similkameen Valley reds as they adapt to the region’s topography:
    http://www.winebc.org/about_bcwi/regions/

      Mar 30, 2014 30:18 PM

      Thanks, I will try some of the others.

    Mar 30, 2014 30:28 AM

    Below is a link to the James Grant talk that James Deist referenced.
    I listened to it last night while making pizza.
    Well worth the time investment!!!!!!!!!!!!!!!!!!!!!!!!
    “Hazlitt, My Hero’
    http://www.youtube.com/watch?v=FSPlT8o5ZKM

      Mar 30, 2014 30:19 PM

      Actually it is Jeff Deist.

    Mar 30, 2014 30:33 PM

    Note to self:

    >forget about investing in wine, orchards, or bottles
    >think “corks”

    White House looks to regulate cow flatulence as part of climate agenda

    Read more: http://dailycaller.com/2014/03/28/white-house-looks-to-regulate-cow-flatulence-as-part-of-climate-agenda/#ixzz2xTanU62E

    Mar 30, 2014 30:15 PM

    Military budget almost as much as the rest of the world combined.
    http://www.safehaven.com/article/33285/debunking-the-gutting-of-military-storyline

    Mar 30, 2014 30:04 PM

    This week to be brutal for gold and silver.

    Meanwhile the hawksters will keep pumping it

    Mar 30, 2014 30:07 PM

    Any asset supposedly that good wouldn’t be going down the way it has been, is, and will be, no matter what the hawksters (the ones still selling gold books, fear mongers, politicos, radio hosts…) say.

    They are in the business of selling their wares and this makes for good fodder.

      b
      Mar 30, 2014 30:00 PM

      Kinda funny thought, the Japanese supposedly lined up for 1/2 hour to buy gold.
      (if its he same line ups that were supposed to be happening here they are non existant)
      But the thought I had was I lined up at a Tim Hortons dive thru that took almost 1/2 an hour.
      Don’t think its as big a deal as its made out to be.

      I posted that Canadian jr miners are moving to grow pot, how much really is there in gold? Without kidding ourselves why do they always run out of money?
      Is Mr Oleary right? They are just the worst management in business or is it there really just plain low demand for the product?
      I don’t know, but with all those record sales the American mint couldn’t sell all their 2012 and 2013 stock.

      You might be right James.

    Mar 30, 2014 30:18 PM

    Segment two: Good comments Gary. I think you have got to the essence of it. All currencies are being devalued against hard assets even as we speak. We must never forget that dollar strength or Euro or Yen strength are just illusions of relative value. In fact ALL of them have been in decline against gold and other hard assets for a decade prior to this past two years of precious metals declines. I expect we will see another steep round of declines over the coming years. That is the essence of inflation that will be building in the system and it is why we watch the commodity markets so closely to be attuned to signs of obvious devaluation that are already happening in the agriculture and energy sectors. I remain convinced (as you obviously do) that those two key areas of the investment world is where we will get the biggest bang for the buck in the next few years. And we are not alone. Some very notable commentators are talking the same line of reasoning. We already know that real interest rates are well below real inflation and that it is expected that relationship will not change for a long time. What that tells us is that some commodity sectors should perform very well for the foreseeable future. Oil, gold, soft commodities are the obvious examples. So all currencies are going to suffer devaluation together. By my estimation, we (as investors), need to see gains of up to 8% annually just to stay even! We need much better than that to get absolute growth though. There is no room for complacency in such a setting. So if we expect a 7% annual real return our targets for the year must be in the range of 15% or better or we risk falling behind. Anyway, just thought I would chime in with your thoughts which I appreciated.

      Mar 31, 2014 31:24 AM

      But not all currencies are created equal. Russia/China are offering to use their own currencies against using the falling “buck of America“, its really too bad, too. – – – And why has there been this crash in currencies, because of the U.S. dollars demise, countries all around the world constantly devaluing their own currencies just to keep pace with the demise of dollar. – – Then China out to keep gold/silver/commodities on the cheap by using the paper cure, dumping ETF`s just to cover them buying huge amounts of the physical. And keep prices low. http://www.zerohedge.com/print/486407 The plunge team @ work.

        Mar 31, 2014 31:03 AM

        Look Dennis, most major Western countries and many in the East are in the same pickle together. That is why all currencies are being devalued together. It is cooperative in my view which is quite a difference from the 1930’s where the devaluations were competitive and a tit for tat mindset broke out eventually leading to serious trade restrictions and an end to free trade itself. This time, the whole world community (us) are being slowly and interminably impoverished by hidden inflation even as the public threat has been identified by policy makers as deflation. So we have ths beautiful setup where everyone buys into the idea that intervention is designed to fend off asset deflation forces while in the background we are being eaten alive by under-reported inflation that is global in nature. It is going to get a whole lot worse too. Rates will rise but inflation will rise much faster. That inflation is also going to be finally acknowledged openly and we are off to the races in a persistant low rate environment. Whatever it takes to make growth look real. Fasten your seatbelts man……and don’t expect the dollar or Euro to crash anytime soon. That is not how this game is designed to work. Remember…it is the relative appearance of strength that matters and not absolute dollar strength so the major currencies will ping-pong against one another until the debts can be contained. Your standard of living is going to drop a lot in the coming years. That is the price to be paid for an undisciplined society that demands its share of money and benefits that do not really exist in the first place and cannot ordinarily be serviced by tax revenues.

          Mar 31, 2014 31:11 AM

          And that is why I keep harping on the theme of investing in the areas that are going to be most impacted by the winds of this essential devaluation trend. Don’t even try to fight it because the die has been cast. Food and energy are the keys to make this little program work. Agriculture is a key area of focus as are most of the soft commodities like corn, cotton, wheat, soy, coffee and sugar. Don’t forget precious metals, fertilizers, natural gas, farmland, seed companies, ag equipment makers, agricultural chemicals and the like. I have very little doubt about this theme and I do believe that the activity we are seeing in Russia/Ukraine etcetera are keys to make this happen as are the recurrring droughts around the globe. We are in for a period of serious and growing inflation pressures that will be quite destabilizing for some nations. Expect conflicts and discord. The bills will be paid but it will be by the default seen when currencies all fall together.

    Mar 30, 2014 30:32 PM

    The death of the $ is greatly exaggerated.

    The Chinese might still have an appetite for gold but they will not allow a falling $
    They have too many of them and will not dump them.

    King $ remains for a long time.

    We have a few more years of precious metals declines and will end up back where we started from.

    Mar 30, 2014 30:55 PM

    I like Lawrence Raulston, I know the stock he is talking about in his interview and I just could be a buyer real soon. I must also admit although I don’t like Paul Van Eedon’s gold predictions he is a winner with his stocks. DT

    Mar 30, 2014 30:49 PM

    “The gold market is in a bear market until it tells us otherwise” — Peter Brant

    Well said Peter. And the charts are beginning to look quite threatening again. It was obvious as hell to me. I started telling the boys here that a decline was happening and that it would sustain but the usual suspects mocked me when I said I was going with DUST. Well here we are as predicted…..and the hardcores are all quiet again. They won’t start posting blather again until the next little bounce, calling for 1550 gold of all things and pumping the site full of horsefeathers and hot air. Ha Ha! I love those guys!! I hope they keep buying. Wait until they see the carnage coming in April.

    Mar 30, 2014 30:01 PM

    Birdman give it a rest, really! DT

      Mar 30, 2014 30:05 PM

      Your ego knows no bounds. DT

      Mar 30, 2014 30:11 PM

      Got stung again, did you? No surprise. There is a really interesting herd mentality amongst gold buyers. And yet they all think they are contrarians! Even as they go off the cliff together. Baaaa….baaaaaa….baaaaaa. No irony in that is there? Too damned funny. Hey, did I mention yet that gold is going to be brutalized in April? Better set those stops. It will be ugly.

        Mar 30, 2014 30:13 PM

        Hey Dick,,,,,when a guy is right he is an egotist but when he is wrong he is a goldbug!

          Mar 30, 2014 30:18 PM

          I knew it wouldn’t be long before you would put out your usual, tripe. DT

            Mar 30, 2014 30:22 PM

            I drink my own Kool-Aid and take my own advice. It was an incredibly excellent week (so I kept it to myself). I love gold at times like this! In fact, I am giving this recent action an “A” while I wait for the next snarly move. Why don’t you just trade it Dick instead of marrying the damn stuff?

    Mar 30, 2014 30:24 PM

    Yesturday… I saw a long neck goose.
    Made me think of a Canadian Silver Dollar.

    Mar 30, 2014 30:26 PM

    If you were interested in what somebody other than you has to say you would know I sold some gold positions on Friday and I said so on this forum. I am not like you a “last word Louie”.

      Mar 30, 2014 30:35 PM

      Good for you Dick. Your timing is perfectly awful though. You sold after the worst of the decline and just before the easily anticipated bounce. Keep that up and you will go broke in time. I just don’t understand some of you guys. Don’t you even look at the charts before pulling the trigger? This won’t make sense to you but you need to anticipate the price pattern before it actually happens. Taking evasive action after the fact is just knee-jerk reactive and costly.

        Mar 30, 2014 30:39 PM

        Bird, Costly you still haven’t read my post I made a profit how could that be costly, more of the same from you, like I said ” Give it a rest Louie”.

          Mar 30, 2014 30:52 PM

          Good luck in April!

      Mar 30, 2014 30:20 PM

      “I am not like you a “last word Louie”.
      —————
      History is written by the victors!

    b
    Mar 30, 2014 30:56 PM

    Commodities markets are notoriously cyclical and volatile, and last year was certainly a low point.

    “You survived the pain, why not hang around for the gain,” said Rule.

    But that likely won’t start for 18 to 24 months.

    Mar 31, 2014 31:54 AM

    “But that likely won’t start for 18 to 24 months”

    Did Rule say that or is that your comment B? I am also expecting trouble with metals by the way. Certainly this coming month. I happen to think we will see prices break down bringing eventual retests of the lows of last year. It will be exhilerating for the short side but a near death experience for the longs. Maybe the reality of this bear is finally beginning to set in around here. The big talkers are all notably absent from this weekends thread after having seen their investments beaten to ratshit since mid month. Instead there are discussions of philosophy and religion rather than an honest review of theory and an attempt to learn from this recent experience. I did offer a warning beforehand though. Can’t get through to those fools who keep idiotically insisting the dollar is about to enter a death spiral and crash from its orbit. You just cannot invest on that kind of idea when there is no evidence anything more dramatic than the usual range movements will keep happening with the dollar/euro. I mean this is really primary stuff that we don’t need big colored crayons to understand so why the idea keeps getting trotted out is beyond my understanding. In short, when I said mid month that the dollar was about to reverse higher and gold would fall was not all that spectacular a prediction. It was just the obvious conclusion and the moves that followed were therefore quite predictable and expected. All that meaningless blather about how Yellen’s comments affected markets or how the “manipulators” took down gold (again!) do not carry any weight at all with me. The gold retards might just ask themselves why I was so confident going DUST even before the FED meetings got underway. That is to ask, how could I have known by Friday afternoon of the preceding trading week we would see gold fall and the dollar rise? Obviously I did not know what Yellen would say. So why was it obvious? Some people around here really need to start doing better homework on how markets function. And they need to pay closer attention to their charts because this was an easy trade to play. I got exactly what I anticipated. A sustained decline. There is not even going to be a debate on the subject this time because all our recent comments are part of the record.

      Mar 31, 2014 31:06 AM

      Birdman and James,

      Let me say right up front that I’m a gold-bug, but it damn sure isn’t a religion to me like it is to most everyone here. And I’m one who is willing to discuss any aspect of the PM markets even if I don’t like it.

      You simply can’t reason with people who view gold and silver in a cult like fashion. Al’s site is kind of an AA meeting place for bugs that have staked their lives to the metal going in one direction and that’s up. Literally their very life depends on that one dynamic.

      Having said that you could be right and we could be looking at rough year, I firmly believe that a massive black swan could be unleashed by China any week or month within 2014 if the bankruptcies get out of hand over there. We are at that stage right now and I think the insolvencies will get out of hand.

      If the bad loans fiasco metastasizes and spreads globally which it will due to the inter-connectivity there could easily be a deflationary ill-liquidity event just like in 2008 that would bring the entire global house of cards to its knees. Everything would be taken to the woodshed and slaughtered.

      We are literally and figuratively stunningly close to such an event like that happening.

      If such an cascading insolvency event was to take place you will see gold under a $1,000 and silver at $15-17 so fast your head will spin.

      Try not to be too hard on folks in the gold and silver camp because not everyone has a full deck to work with. The world is made up of all kinds of folks. Some use reason, effort and reality to side step danger and profit from fragmented market forces and others just close their eyes and flip a coin.

      You cant save the world and you can’t reason with irrationality.

      V

      b
      Mar 31, 2014 31:49 AM

      It was from one of The Mining news, deleted it so I forget which one.
      I just thought it fit with the discussion. I also thought it was interesting Rule would say it.
      I mean, there has been a lot of pumping.
      But, just noticed, the 18-24 months could have been the “news paper”, I apologise, I should have posted the whole thing, but I sure thought it was him when I read it the first time and posted.

      Concerning your dollar thinking Bird, 321 has a Hugo Price article explaining the dollar can not devalue against other currencies. Explains your point I think.

    Mar 31, 2014 31:29 AM

    I wouldn’t listen to a word anyone says who thinks they can forecast 18 to 24 months out.

    Rick Rule, nor anyone else has any idea what is going to happen 18 to 24 months from now.

      Mar 31, 2014 31:45 AM

      Maybe that was just a comment from B. It is true that commodities run in cycles though. We are still in a flat to down cycle with gold. When it turns back up the trend will run for a couple of years. Lots of money to be made.

    Mar 31, 2014 31:48 AM

    Birdman – It was RR who said that, I read the same article. Not saying he can’t be right, but no one can forecast that far in advance with any accuracy

      Mar 31, 2014 31:13 AM

      Got the link?

    Mar 31, 2014 31:22 AM

    From the paid subscriber cycles info I receive. both metals will be markedly higher by the end of the year.
    Everybody talking their book is to be expected but paying big dough for advice is something else.

    Mar 31, 2014 31:07 AM

    I like listening to Bob M as hes a colorful character. BUT he has not had a Macro thing right ever. I have a number of friends lost a mint on his mini plays. Let see if he was right we have world war 6 going and we be running around with our silver coins buying things. If you read back 12 years on his site on the fear-mongering ie “a melt down is imminent and Gold will be the last thing standing” what a bloody farce and an expensive one at that. Lets get real coin heads..

    b
    Mar 31, 2014 31:50 AM

    Bobs strategy is to buy lots of these little companies yes he misses a lot, but the thery is the ones that pay make up for the losses and then some.
    If you only take one of his picks Id say the odds are against you.
    But it works over time.
    If his way is too much of a gamble (which for me it is) try Mickey Fulp, his goal is to double within a year,sell half and let the rest ride.
    Very profitable over time.
    There just diferant ways of going about it.
    Personaly, I don’t use either, I lke to roll the dice and double or better in a few weeks.
    The stock always seem to drop after that so you have to get out.
    The issue is it takes time to find them.
    If a person just want to buy and forget about it for awhile I recommend Mr Fulp.
    As far as Bob is concerned I notice the people that complain are those that don’t understand his thinking.
    Just what Ive noticed.
    Excellent example tho of ensureing you understand the thinking of the people you follow.

      Apr 01, 2014 01:58 AM

      Bobs strategy was to scare the crap out of people about a full fledged collapse and buy the way I pushing these stocks and making a killing on Ads.
      ” Resources will be the only safe haven”
      3 yrs ago ” easiest call I can make is another domino collapse of the banks”
      Ive got a 100 of them. I know a number of people that got killed from his stocks. They ain’t calling me anymore after turning them on to his site.

    Mar 31, 2014 31:41 AM

    The Scotland independence thing has been going on for a long time. In 1989, the Scottish Nationalist Party (SNP) had a slogan ‘Independence in Europe’. They would have taken Scotland into close connection to the European Union and almost without doubt into the Euro so they could have ended up as another PIIGS country (giving us the PIIGSS, perhaps).

    The same leadership from the late 80s came back into the SNP and, of course, devolution has in the meantime given Scotland a Parliament of sorts. Wales and Northern Ireland have similar. Devolution was discussed for Scotland seriously as far back as the 1970s and got under way in the 1990s. The Independence vote has been wanted by Nationalists for a long time I guess, so it is nothing new, contrary to what Bob is implying. It’s been a long process.

    I don’t think that most English people could care less whether Scotland is independent or not. Or Wales. Or Northwern Ireland. Scotland is bloody freezing cold, nice scenery though, but I am more of a townie because of a heart complaint and I don’t like to be hanging around remote places where it is freezing your rocks off. Besides, we have had some dreadful Scots politicians in the British Parliament, like Gordon Brown (Golden Brown of the famous Brown’s Bottom in gold) for instance. Keep them up there in Scotland! He did for us like the other Scotsman John Law did for France.

    Actually, Independence for Scotland will presumably mean that they will need an EU passport to cross the border into England and vice versa, somewhat inconvenient because at the moemnt, the border is just a line on map. like a local county boundary really. Also, their MPs will no longer be in Westminster so Scots will have no influence on English affairs.

    Even so, I did enjoy living in Aberdeen in 1988-1989, when the SNP was getting huge votes because the Scots hated Mrs. Thatcher so much. She experimented with the infamous ‘Poll Tax’ on Scotland while I was there, before rolling it out for the rest of the UK. It was a total farce. Sometime after that, Scotland did not elect even one Conservative MP to Westminster in the general election, if I recall correctly. I think relations with Scotland since devolution in the 1990s are much better generally than they were then.