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Round table with Cory, Big Al, Doc and Chris Temple

Big Al
July 21, 2014

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Discussion
27 Comments
    Jul 21, 2014 21:01 AM

    THE MARKET ARE MANIPULATE 24 / 7 AND ALL WORLD ! STOP THE BUREAUCRATIC TALKING POINTS ! CHRIS NO CHINESE PROBLEM ! YOU THINK DAVID AND KISSINGER OPPEN THE WORLD AND DON’T CONTROL ? THE MARKETS WAKE UP ! https://www.youtube.com/watch?v=jeJWRUyI6hI

    Jul 21, 2014 21:44 AM

    Hurray! Have I finally turned some of you guys into dollar bulls? That’s a big win in my books. Of course I agree 100% that gold and other commodities will rise with the dollar under the circumstances. As you know I am watching some of the commodity plays enter what I think are a bottoming process that is going to coincide with a stock market correction. This is happening as the VIX is climbing out of its deep base. The oddball trade here is that it suddenly looks as though crude is about to reverse and head back down despite Mid East turmoil, the Syrian crisis, ISIS threats, sectarian battles in Libya and troops sent by both Iran and Saudi to station at Iraq’s borders. Yikes! Just this morning I felt sure crude would break out but it ain’t gonna happen by the looks of it. Anyway…my Friday calls turned out ok so all is well on this side of the pond.

      Jul 21, 2014 21:29 PM

      FRANCE muslim protest in PARIS for GAZA ! https://www.youtube.com/watch?v=L0sDRr8GVwk

        Jul 21, 2014 21:44 PM

        How about that started over the weekend!

      Jul 21, 2014 21:43 PM

      Doc and I are discussing crude right now. Doc feels that from a technical standpoint it looks good as there is no breakdown yet.

    Rob
    Jul 21, 2014 21:33 PM

    Get those mics fixed!

      Ann
      Jul 21, 2014 21:00 PM

      Ever considered, please…….. And maybe, thanks???

      Jul 21, 2014 21:45 PM

      Okay Mr. Perfect.

      As always you are correct. Can I borrow a couple of bucks to do that?

      You going to join Doc; Cory; and, I in Vancouver in a couple of days?

    Jul 21, 2014 21:43 PM

    As long as you have a couple of thousand gold buffalos you should come out of all this smelling like a rose(for lack of better terms).

      Jul 21, 2014 21:30 PM

      Yes, many people probably consider $2.6 Million in gold bullion to be adequate.

        Jul 21, 2014 21:45 PM

        You think!

    Jul 21, 2014 21:15 PM

    CANNOT HEAR AL.. yr audio is in v poor shape

      Jul 21, 2014 21:46 PM

      We made a mistake today and recording from my end with an open mike. Will never happen again.

    Jul 21, 2014 21:26 PM

    I believe gold is a better investment than silver, what is going to happen when governments try to put themselves back on the gold standard. The purchasing power of the US dollar will be paralyzed because they have printed so much of their currency. Think about what I just said and see if you like silver as much.

      Jul 21, 2014 21:41 PM

      If governments go back to the gold standard gold bugs are not going to make any money off their gold. Think about it: The President could pass an Executive Order stating that you can only sell your gold to the government. And they are not going to give you spot price. Let’s say gold is $3500 and ounce; the government will be willing to give you $500 an ounce. Take it or leave it. If you want to make any money from your precious metals you will have to sell before the collapse. After the collapse it’s going to be hard to sell. And forget about bartering with gold. If people are starving they will not accept gold or silver. I am interested in hearing what people have to say.

      Jul 21, 2014 21:18 PM

      Gold is better/safer money than silver, but silver has much more potential upside in my opinion.
      Silver priced in gold:
      http://stockcharts.com/h-sc/ui?s=$SILVER:$GOLD&p=M&yr=20&mn=11&dy=30&id=p62357103451&a=360339093

      Jul 21, 2014 21:47 PM

      Still like silver, Machine Gun.

      Remember that my rationale is much different than most!

    Jul 21, 2014 21:40 PM

    Not sure I have ever heard of anyone investing in US dollars,given the Fed’s sordid record of debasement during the last 100 years.
    Who would support the Fed’s policies and buy their vehicle?
    Central bankers park their cash there but which individuals can support the Fed and what it has done to America and the world?
    Buying dollars is the antithesis of supporting what is best for our world.

      Jul 21, 2014 21:47 PM

      Thank you, Matthew!

      Jul 21, 2014 21:48 PM

      In the long run, I would have to agree with you!

    Jul 22, 2014 22:25 AM

    Doc, I’m looking at a 1 yr chart of the VIX (again) and would be interested to hear your updated opinion on this. Birdman mentioned as well and I’m inclined to agree, that perhaps a significant correction for conventional markets is nearing.

    http://scharts.co/1o46tqz

    Observations: Momentum to the upside building on MACD and Bollinger Bands are widening. I realize VIX can be under 20 and still be considered relatively low.

    Do you think if VIX were to bounce around between 11 and 19 that stocks could still conceivably be in a melt-up?