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Friday and The Doctor Is In

Big Al
April 11, 2014

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Discussion
16 Comments
    Apr 11, 2014 11:36 PM

    ( AL ) WAHT YOU THINK OF ? The islamization of the western financial system ! NO INTEREST ON CREDIT ???? !

    Apr 11, 2014 11:55 PM

    Good interview. You could well be right Doc that the shift will be currency driven later on in 2014 and through 2015. Certainly there will be a rotational shift into commodities as well though with or without inflation and part of that reason is that we are getting overdue for a correction.

    I had looked in on the Dow/Gold ratio as you suggested and it is pretty obvious we have a move coming that will bring that ratio down to the magic 2:1 even if it is a waiting game. To get there though we need both the stock markets to decline and gold to rise so we know therefore that these two classes of investment must move opposite one another eventually.

    Gold will be rising off its bottom just as stocks are falling from their top in other words and perhaps that is amongst the strongest of reasons we all need to pay close attention to when this US equity bull ends. I happen to agree with Al that the future is very bright for the resource sector and so I keep a bucket list ready of what I think will do well once this consolidation phase is FINALLY over.

    Like Gary, I also remain convinced the bottom is not yet in though. To me it is pointless to buy prematurely especially as so many companies are still on the ropes, poorly capitalized or thinly traded. The field has to be cleared a little more for my liking. Meantime it is short term trading as obvious easy opportunity arises. That works well.
    —————-
    Al, are you actually going to post up all the stocks you own? That would be interesting to know given your insights and knowledge of the business. I would never pry but if you are offering I am interested in seeing it.

    Apr 11, 2014 11:04 PM

    I agree with Birdman, a good solid interview!

    Apr 11, 2014 11:57 PM

    Doc’s views are solid on the precious metals and the mining shares.

    We should break out after this basing for the last year and looks to be
    in a few weeks. My choice is GDX AND GDXJ because of large capitol
    investment and the liquidity is my priority. The quality and diversified
    position in both is the creme de la creme.

    Once this break out occurs I’m going on …AUTO PILOT…

    Won’t have any need to short term trade anything. The gains will
    be into the stratosphere over several years.

    ALL A BOARD !!!!! Doc. won’t miss this train. If anyone does …shame on you.

      Apr 11, 2014 11:17 PM

      Commercial trader short gold positions were reduced …new COT.

      Lots of other indicators are lining up for a big rally …now or in several
      weeks. This is really a time to accumulate. You never know. This train
      is leaving the station.

    bb
    Apr 11, 2014 11:49 PM

    Excellent interview.
    Cory made a good point, when to sell is part of the trade.
    I mention that as that’s the weakest part of my game.