Quantitative easing and the US economy
Hour 1:
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Hour 1:
- Segment 1-2: Michael Belkin of the Belkin Report discusses the recent European action regarding quantitative easing and the collateral effects that could occur. We also discuss the potential future direction of the conventional stock markets.
- Segment 3: Chris Temple of the National Investor discusses the role that central banks are playing around the world.
- Segment 4: Valentin Schmid of The Epoch Times discusses a recent report judging the efficiency of the US economy.
- Segment 5: Gary Christenson of the Deviant Investor discusses his recently published book, Gold Value and Gold Prices.
- Segment 6: Jeff Pontius, CEO of Corvus Gold, provides an update on the gold property in Nevada.
- Segment 7-8: Glen Downs, Chief of Staff to Congressman Walter Jones, and Richard Postma, AKA Doc, chat about possible motives behind the drama unfolding in the Middle East.
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“thinking out side of the box”………….great thought………….OOTB
Hey J….you asked the other day about the 50 best companies on the TSX that were being touted by Doug Casey. If you really want to know you will have to go to the Casey summit this coming September 19th where they have invited and will be showcasing the best in the business. I hear that they will not host everyone and his dog like most shows. Basically if they think a company ain’t worth snot they won’t invite them. So they winnowed down the best for their attendees. Here is the link….are you in San Antonio?
Casey Summit
http://www.caseyresearch.com/upcomingEvents.php
Thanks Bird…for the info……appreciate…………..best j…
I probably will not be there.
You?
Al
I would love to if I was around but alas it is not possible this year.
I am tied up for the next 4 years………..daughter education 1st., all travel will be limited except family outings….and school adventures.
I wish folks would announce their conferences more ahead of time.
I see Casey has a conference in Cayman on Nov 16. I will be in the Caymans until thursday 13th, so will just miss it.
I usually winter in the Caribbean, Christmas in England and summer in the Med.
But always seem to be booked in the wrong place at any one time.
Pretty slick way of advertising is it not? By the way, I can tell you a dozen of the best companies for no charge at all. But I won’t because some turds who read this site will just rip off the info and sell it to lazy bums who have more money than brains. Sorry!
By turds I am not referring to our friends and guests and hosts by the way. I mean the interlopers who just gather info from sites like this.
ditto …
I believe they are also invested in all of them.
why not , with his deep pockets, money in the bank……….he can promote the heck out of them.
V, well thought out comments.
Thank you Bobby.
V
Vortex,
You are too smart for your own good…:)!
I would agree, Marc!
Marc, you are far too kind. 😉
V
The $US index chart shows a huge gap,
between 94 and 95, which begs filling.
How and why it would be is secondary
to the probability that it will be.
FWIW
BDC Thanks for pointing that out..
Would you call me at your convenience. 360-606-1874.
Thanks
Al
“I think there exists today by any good measure a 60/40 chance that the dollar is about to do the unthinkable and initiate a counter-trend move vaulting it much higher in value in what could be a multi-year bull run.”
And how do you think the Fed would react to that, particularly if the flight to quality/safe haven assets pulls money out of stocks?
X,
No one for the most part has been able to figure out what the FED is doing on any given day going back over 100 years. Because the FED doesn’t work for the American people………..it works for, and exists for the sole benefit of the regional banks that make up the Federal Reserve system. Don’t expect any of that to change any time soon.
At the end of the day, its all about the Bond market. The stock market is secondary when discussing those two issues.
As for the money inflows, it will boost the general markets over time and place an enormous artificial “put” under equities which in turn will keep most all of them elevated to levels that will make the FED, politicians and the plebs fat and happy. Same goes for the Bond market.
Massive international inflows of funds looking for a safe-haven environment will effectively construct a artificial floor mechanism in the bowels of the Treasury Actions, subsequently facilitating Bond sales for the FED which will augment effectively what QE is doing today. Maintaining the FED’s fund velocity and maintaining rates at effectively zero to keep staggering debts and deficits in a controllable range while continuing the infuse insolvent banks with zero interest rate funds.
The temporary dollar bull market will be a drag on an already anemic American economy and will still leave the man/woman on the street as invisible taxing units with little hope.
Unfortunately, the PTB will continue to sacrifice the common man and woman on the street with this temporary financial reprieve to maintain low interest rates for national funding operations and keeping the market elevated at all costs.
There are at-least 100 other very very important factors that could be discussed and that will have a multitude of both positive and negative connotations on the nation a whole. I’m just covering a very small simplistic overview of the bigger picture thesis.
In light of the current geopolitical happening vs, you could be correct, cluster
Don’t you love auto correct!
Yep
I’ve recently swapped some Aussie bucks for $US
I rely on chuck butler of everbank for my currency evaluations. http://www.dailypfennig.com
I think I understand the reasons people (investment fund managers) state for the dollar going up, but I am stuck when I try to understand fundamental logic reasons for it.
The US economy is not in good health; does not seem to me to have increasing productivity.
I firmly believe ultimately fundamentals always win out.
CFS, the strong dollar scenario that could happen, but not guaranteed to happen is not about fundamentals or reality or some other nonsense that people hope to come true.
Its about a temporary transitory safe-haven phase that drives economies of scale and international safe-haven money flows into US markets on a massive basis.
This simplistic analysis is as elementary as it gets in the big picture when discussing something like a reserve currency unit that possesses a final worldwide arbiter factor by the very nature of the liquidity and dominance.
Any strong dollar environment is only temporary in nature. It may last at most 2 years.
I am not a trader, Vortex; I always think long term, even though is this one aspect Keynes was correct.
Hi V,
I agree with you that the US dollar will continue to rise as world crisis’ get worse.
I
am preparing for the introduction of a New World currency next year.
Best to you,
Maybe, but I somewhat doubt that.
The odds of a new world currency happening next year are very remote.
Yes, but considering the events in Europe and possibly China maybe it is viewed as the prettiest pig!
Re: Segment 3.
I agree with Chris on monetary policy. Monetary policy works temporarily. Only taxation policy, which is a drag on the economy, can have long term effects.
Keynes was wrong, is wrong, and always will be wrong.
Socialism ultimately will fail.
For long term growth. Taxation must be low and governments must live within their taxation income, and minimize the drag of regulations and taxation for maximizing growth.
Never forget that governments do not create wealth, but merely redistribute it and influence the rate of future growth.
Re: Segs. 7 & 8. Finally, some of you get it.
Had a conversation about those segments last night with some friends and you know what, nobody laughed!
And still. to this day, NO ONE has asked the President what he was doing on the afternoon of 9/11/2012, when the call came in from Benghazi asking for help.
He was trying to figure out…..were Benghazi was located, and if he could get some more illegals for the upcoming election.
The whole thing stinks!
Do not forget that when Hilly starts to run for Women’s council, oh I mean MSS PRES.
You should also know that Putin will end up with land access to its port in Crimea.
SEG 4……Private business…….way to many rules and taxes….and that is not going to change until the govt. is changed.
SEG 6……OWL ….take a video on the next trip to Corvus…
Okay
thanks………..
SEG 7………”ALL about the OIL”…..and has been since 1971…..nothing has changed.
I agree completely. Only problem with the turbo is the lack of trunk space for those of us who love road trips and golf!
that is why you buy the convertible…………lots of upright storage…….
Not so much about oil for ISIS. For them it is about world takeover.
You are most likely correct……they do not need gas for the camels…..
They don’t need gas but there sure are a lot of fumes involved! Ever been around camels Jerry? They are disgusting. Flatulence, smelly hair and bad breathe rolled into one. We eat them over here. The meat hocks look a bit like ham and they smoke beautifully. I was surprised how good they tasted considering how putrid those creatures are when riding them. And the milk is awesome. Best milk I ever tasted, bar none.
don’t look a gift camel in mouth……….maybe something to that, the camel sure doesn’t want to be sausage.
SEG8……..FULL MOON………the Weird Wolves come out……911,,,, I like 911 turbos…..
Russia’s Winning Ukraine Strategy
http://syncreticstudies.com/2014/08/30/understanding-the-astounding-novorossiyan-victories/
Scroll down to: The General Propaganda Strategy:
Turn the Opponents Lies into Truths and Vice Versa
More: http://www.youtube.com/watch?v=gEItEEjN3cg
“Tomorrow the Ukrainian Army, which was turned into
a Punishing Force, will turn its weapons on the West
and, together with the Army of Novorossia, will conduct
a campaign of liberation, at a minimum, in Kiev… and
then the geopolitical picture will change sharply!”
FWIW
I do NOT believe Putin wants a world war. (Maybe Obama does)
I believe Putin wants land access to his only warm water port at Sevastapol and if in getting that he also acquires some prime farm land, good. He does not want NATO on his doorstep, but I am sure he does not rate NATO highly.
Agree, Professor
According to the Sheikh, warmwater ports will not be a problem:
http://boardmanland.blogspot.com/2014/09/sukarno-kennedy-gold-and-petrodollars_1.html
FWIW
Here is an interesting article about the Ukraine situation: http://www.globalresearch.ca/obama-is-a-liar-fake-nato-evidence-osce-confirms-that-no-russian-troops-no-tanks-have-crossed-the-russia-ukraine-border/5399457
Oh, great weekend show guys.
Excellent comments by all this morning
Completely agree Dai
Gold and silver can not form a viable alternative to the reserve currency system without a legitimate price setting mechanism that is not dictated by those that protect and promote the dollar- and gain by it’s supremacy.
The war that has been waged against silver and gold will go on with the battle that rages supporting the dollars for oil scheme.
Will America take the world into wider,greater wars to support the Fed note?
History has already provided that answer.
The issue of gold and silver rising in value against a rise in the fed note comes in the form of price setting mechanisms that are being put in place now.
If the Asians can settle the price of gold and silver apart from Fed minions controlling it with derivatives then we can emancipation.
The human spirit is all about freedom and that is the undeniable truth. How long the Fed’s masters can hold together an immoral and obsolete system is what will unfold.
Agree Matt
The Middle East would appear to be the belly of the dog, not the tail – see map here:
http://en.wikipedia.org/wiki/The_New_Great_Game
And set to stay that way at least until the oil/gas runs out – though it may continue after that due to geopolitical considerations. The Suez Canal will still be there for one thing, and Eurasia accounts for the bulk of the world’s population & will eventually account for the bulk of world economic activity.
Somewhat related – found this Syrian refugee in Turkey’s (mainly political) blog, with some interesting perspectives:
http://adandachi.com/istanbul
Duplicated in two posts below – sorry!
I don’t know why this message is not getting through to anyone (except bb and James). But the dollar is in a solid uptrend and commodities are in decline. That includes crude. Interest rates are going nowhere…..there is no inflation to speak in reality and the stock market is soaring. Can anyone please tell me how in Sam Hell gold is going to fight those major trends all at once. And please don’t say Ukraine!
All I can say is thank God I don’t own any of the stuff right now.
Bird I agree, if anyone wondering why check out,
Bobby, you need to go over and listen to Kitlikoff at Greg Hunter USA Watchdog,,,, I think of what JP was saying concerning the market might give you pause………J.
Get back to me after you listen to……….this really concerns all brokerage accounts.
J the long,
The SIPC insurance at brokerage houses is a joke and is as bankrupt as the FDIC. This has actually been a problem for a number of years now.
Pretty much all the brokerage houses have significant fiduciary conflicts of interest built in to their chain of in-house liabilities, hypothecation controls and insolvency pay out mandates.
The common man and woman who have accounts and trade stocks everyday at these institutions are last in line for everything when it comes to being made whole. Actually, your lower than last in line.
I’ll bet you’ll be amazed to hear the comments concerning this issue from the paper ETF’s and mining stock lovers that post here after reading that SIPC news.
Actually, I suspect all you will hear on this subject is…………………………………………………………………….
“CRICKETS”
V………I agree, …
AS I said …….COUNTERPARTY RISK……….as they say, GOLD has no counterparty risk.
Yep…..very reason golds going to explode.
One of many.
Vortex, keeping people terrified of every possibility is a great way to slow the crack-up boom and maximize the wealth transferred since confusion and fear will keep the retail guy in cash and out of the best ways to maximize gains. These people will come back into the markets only after watching them soar without them.
For the record, I held about half of my shares in certificate form in my safe from 2007 to 2009. I do not see the need for that now even though things will get much worse in many ways than they were in 2008.
Before it soars its got to wake up from its death bed. I think there will be a lot of time to catch the up move once it begins. Until then I would advise everyone DO NOT TOUCH GOLD UNTIL IT SHOWS LIFE!!!
Like I said…go stroke someone else. We are done.
So basically your saying to hell with Kotlikoff and his message to the public. Damn the torpedoes, its full speed ahead baby. I’m going to roll the dice anyway.
OK, I can respect that, atleast your honest about your position.
Sorry for any confusion Vortex. I was responding to Matthew. Had not give Kotlikoff even a passing though yet.
Thanks Bobby. I am starting to really appreciate those guys over at Financial Sense since I found them and started listening. Talk about voices of sanity in a sea of shouting. This whole gold thing is getting to be such a GD bore.
Vortex, I am not saying “to hell with Kotlikoff and his message.” I am not saying to hell with Jim Sinclair’s advice either, I just disagree with it.
The Middle East would appear to be the belly of the dog, not the tail – see map here:
http://en.wikipedia.org/wiki/The_New_Great_Game
And set to stay that way at least until the oil/gas runs out – though it may continue after that due to geopolitical considerations. The Suez Canal will still be there for one thing, and Eurasia accounts for the bulk of the world’s population & will eventually account for the bulk of world economic activity.
Somewhat related – found this Syrian refugee in Turkey’s (mainly political) blog, with some interesting perspectives:
http://adandachi.com/istanbul
That Rabo bank is huge. A while back Rabies bank bought all the little banks in the backwaters where I live. Why would they want to mess with a bunch of littel banks? I tell ya the foriegners are buying a bunch of Amerikan companies. They bought the company I work for and bought the company a friend of mine works for. It’s like I say, in a few years Americans will be working for minimum wage at Chinese owned MacDonalds. And those will be the lucky ones able to get jobs!
That was the story at the bank where I was a director. And in that case it was not a bad thing!
someone has to be the purchaser……no job….no mcmuffin
Wonder how the Chinese will like paying $15 per hour, plus bennies…..
Re: segment 4 – There’s no doubt about it. This country is at the top of the heap in innovation because of people like Big Al Korelin.
Many thanks, Bob!
Seg 7, the americans gun running? naaaa that doesn’t happen.
isis a concern? Why? because they cut peoples heads off? Whats a few heads?
All about the oil? geez, whodathunkit?
I guess the idea of the price of oil going down to hurt Russia would be just another conspericy theory.
I am glad Putin et all seem to understand the worlds position.
Hilarious the pictures of toy tanks offered as proof of the Russians invading Ukraine.
The americans are still being outplayed, Putins peace plan seems to be holding.
Naturaly our side figures its just a tactic for the Russians to regroup.
Like they needed time to regroup.
Sry, forget his name, but I believe a un general put forward a plan including Iran,Russia, the U.S.,Syria and UN that could eliminate isis in about a month.
Naturally it got discarded, I wonder how long the powers that be intend it to go on?
Not that I have any special insight but I think these events will be used for government to “restrict liberty”, for lack of better terms.
There really could be another 911, for myself, I doubt if I will fly anywhere and probably will think twice about going anywhere crowded.
Call me crazy, but I would agree. They did accomplish something didn’t they.
The dollar is extreme overbought at 81.4 Rsi so it may correct down for a short while but will take off again as the uptrend is very strong and should reach previous highs.
The man on the street knows that you can do business with the government if you fix things up with the right man. That’s where the lobbyists come in with their suitcases full of cash and all the rules and regulations mean nothing because the nod is in and almost none of the people who break the law do time for white collar crime. The gravy train has to stop and it takes a man like Harry S Truman, but could he be elected now, I for one don’t think so.
I came across a chart today that is so interesting I think everyone here should see it. It is based on FRED data and was produced by Cris Sheridan of FinancialSense. What Cris points out is that we need to look at corporate profits from all angles of measurement in order to make a good case for a market top. The picture presented is self explanatory. You can easily see how tops and bottoms come into near perfect sync at four points along the chart. You can also see that there is no alignment whatsoever at the current time. His conclusion….no market top is in sight. Start breathing a little easier. Now that is some good thinking Cris!
Why Calls for a Market Top Seem Premature – 8 ways to measure — Cris Sheridan
http://www.financialsense.com/sites/default/files/users/u149/images/2014/corporate-profit-unison.jpg
Interesting chart. Just another reason not to sell just yet.
You bet. I thought it was one of the stronger votes for holding on.
Just here in black and white
http://www.cmegroup.com/company/membership/files/cbip-faq-jul-2013.pdf
So when the Central Bank of Moldovia wants to start doing interest rate swaps and toying with the e-mini’s before taking on the globe and the cartels they need only fill a short application and wait one week until the CME Group vets the request….or they don’t get a discount. I see…uh hunh….easy peazy.
Does anybody really believe this piece of propaganda though? Next we will see a special reqquest form that only applies to members of the G7….and it will also be online. I swear, this came straight out of the onion!
I thought it seemed a little strange. Just because the CME has this program (for whatever their reason) does not mean the major Central Banks are using it. Funny how it is an incentive program.
Same here. No Central Bank worth its salt would use such a program anyway. Starting with an application! Ha, what a joke. That kind of thing is for Joe Public the way it is written. Lets face it, CB’s are not going to be moved by cash discount incentives as a rule anyway. And every last one to a man would do their best to keep any transactions and discussions off official records. They would use proxy’s to do their electronic bidding to shield themselves from public criticism and create a level of desired anonymity and privacy. This program only tells me that the CME itself has no idea how much traffic is being generated across their site by CB’s….but I am sure they would really like to find out. If anything, this incentive program is just bait or it is part of an disinformation campaign. It is for public consumption, not for Central Banks.
What is funny is that ZeroHedge and other similar sites are just now reporting this. But the Central Bank Incentive Program has been around for at least a year. Just one more piece of evidence that ZeroHedge and other similar sites are not that reliable.
Maybe thy reported it a few times during the last year? Ive seen them repeat reports lots.
Better late than never………………….
bb,
I checked ZeroHedge to see when they first found out about it and it was only early last week. According to their article they got it from someone who only twittered it a few days earlier. Search of ZeroHedge found no results for “Central Bank Incentive Program” except the one article made last week.
Isis pretender penetrates U.S.border from Mexico.
Jones is a fear monger!
Definitely!
Don’t disagree Bobby
I agree.
Me too. Turn that guy off already.
We have. ….ZOMBIES …WALKIN…. the earth now thinking…
ITS GOING TO BE OK….out of the 08 crash everything is DANDY. .
They saved and rescued the system. HA…nothin was fixed and its
much worse now. More leverage and much more debt.
HOW ABOUT DERIVATIVES !!!!! When that ignites through major financial
crisis the whole system crumbles.
The dark ages certainly may have ended but we have another one just waiting
in the wings.
But then again if your brainwashed just keep walkin the earth like
nothings wrong. OH HAPPY DAY !!!!!! ha…ha..
HAPPY DAYS ARE HERE….more debt, derivatives and bull crap lies.
If Ukraine joins NATO is all over. The nukes will be flying as Russia
will not allow the West to park itself in its own back yard.
GAME OVER !!!!! Life will certainly be destroyed on earth.
Very likely too. Then odds favor a catastrophic event.
SHOWS JUST ABOUT OVER FOLKS !!!!!!
You can live in HOPE. But you know what HOPE did.
Just like the HOPE for higher gold prices 3 years ago….LOL
I would be very surprised Heavy. I just don’t see nuke war.
Oh come on Big Al…..
Those BIG …rose colored glasses must weighin ya down.
If you understand NATO and The West motivations its world
domination coming and its going down ….HARD….my friend.
Russia being backed onto a corner like an abused dog is nothing
remotely safe. The biblical perspective is its going down not with
a thump but a big bang destroying 30 percent of world population.
However, thats only the beginning of sorrows.
Anyway, we either believe Gods Word or we believe the worlds rotten lies.
I REFUSE ….and I’ll be damn to believe in the worlds lies. lol ..serious though
THEN WHAT GOOD IS GODS HOLY WORD ?????
As far as I’m concerned its good and better than all the gold in the world.
And I’m a gold lover too…..lol
Sorry but the dark ages are coming to this world.
Nothing new either. We are a civilization ready to
go….POOF…..
ITS A HIGH WIRE ACT !!!!!!!!!!!!
Good luck with it everyone. Kiss the ground all you want
just like the gold blogging living in hope for gold riches
that too will be short lived if it ever comes to fruition.
JUDGMENT IS HERE AND THE SIGNS COULDN’T BE MORE …
PRONOUNCED !!!!!!!!!! Not fear mongering…
IGNOR IT AT YOUR OWN PERIL !!!!!
URGENT !!!!!!
Stephen Cohen leading Russian expert says today one day later just after I posted
my assessment of Ukraine crisis here. Also, I said this many months ago on this board.
Quote from Stephen Cohen today…..
“IF UKRAINE JOINS NATO THIS WILL LEAD TO NUCLEAR WAR”
Russia is not going to allow The West to share its space within
their own borders with NATO.
THIS IS NUCLEAR WAR !!!!!!!!!!! …MAN !!!!!!!!!!!!!
Russia knows very well what The West is going to do.
ITS NOT BECOMING A FRIENDLY NEIGHBOR.
NOT AT ALL…..This is nuclear war.
However, the lemmings will be surprised.
Sadly and regretfully I believe all of you are lemmings.
Its not that you can’t see it coming, you don’t want to see it.
AND YOU WILL REMAIN BLIND UNTIL IT HAPPENS.
Its all unfolding just as The Bible says.
However, The Bible says the majority will remain blind
and even through The Tribulation.
MOSTLY EVERYONE WALKING IN DARKNESS.
Right through and into The Tribulation and from there
into The Lake Of Fire For Eternity.
IS THIS WORLD WORTH IT ???????
What I find is mostly everyone just like The Bible says is miserable with
all these material things here. Jesus said it himself.
IF WE MAKE THIS WORLD OUR TREASURE A VERY HEAVY PRICE IS GOING
TO PAID FOR ETERNITY.
What’s coming to this world is beyond human comprehension the pain
will be so severe.
A SINFUL WORLD IN REBELLION AGAINST GOD.
I do hope everyone turns to God before the door closes.
I REALLY DO….The truth though The Bible says many will
be deceived in the last days. However, The Bible says…..
DO NOT BE DECIEVED !!!!! I sincerely hope that’s you.
great warning, …..Eyes do not see, and ears do not hear…………so will be the last days…….
Of course I agree with most of what you said.
To agree or disagree….Big AL
THE CHICKENS DO LOOK LIKE THEY ARE COMING HOME……
TO ROOST !!!!!!!!!!!!
The petro dollar needs to collapse sending The West
scrambling back home or it will be nuclear war.
THIS IS…THROW DOWN TIME !!!!!!!!
I think the odds are good that the US$ will hold up or even rise in terms of most other major currencies, but most investors continue to overestimate the significance of this. If the dollar rises only because the euro and others are falling in value, gold can still do just fine. If all currencies are collapsing but the dollar is doing it the slowest, it would appear to be going up even though it would buy less and less in the real economy.
As the following chart proves, USDX movements are meaningless to gold in the big picture. We should be analyzing the prospects for the dollar’s real value (purchasing power), not its currency exchange rate.
Prices are set at the margin. If the euro were to plunge, yes, the USD would soar, but enough euros would flow into the MUCH smaller gold market that gold would still easily outperform. Such a scenario would be much different than the (too little) liquidity crisis of 2008. Even the events of that fall could not stop gold from finishing the year up nearly 6% versus the dollar even though the dollar finished the year up nearly 8% as measured by the USD index.
Conclusion: The U.S. dollar will continue to lose purchasing power in the real world even if it continues to buy more euros.
http://stockcharts.com/h-sc/ui?s=$USD&p=M&st=1981-09-06&en=today&id=p66934419175&a=366601998
You are correct on many points Matthew. But this is all about perceptions. Hell, it is really only those who follow gold closely that even understand the relative strength of dollars or lack thereof. The public certainly does not get it and plenty of investors seem confused too (judging by the articles I see getting published by the mainstream media). This peculiar area of investing is one that really only gets seized on by gold hounds with conviction. The rest of the world just goes lockstep in line with the idea that as the dollar rises against other currencies it really is getting stronger. And since gold is not even in the curriculum of most business schools anymore the basic ideas of measuring worth have receded into the background. You are rocking the boat, man!!! 🙂
I am no longer invested in the markets, I have exited.
DT,
If I may ask, what markets did you get out of and when, and where did you put the money? Just curious.
If you are asking me Mr. Miller, we did not take our money out of the conventional markets, we simply stopped adding to it in that sector.
Sorry Mr. Miller,
I see that the comment was directed not to me but to Machine Gun!
OWL…..you are just go quick on the trigger…………
I was only in CDN markets and for now I will sit on the fence.
Any negative correlation to gold that the USDX appears to have is usually, a) short term; or, b) an illusion.
This year provides another example. The USDX is up 4.2% YTD. If this translated into purchasing power in the real world, gold should be down about 4.2%. But that’s not the case. In fact, not only is gold not down a similar amount, it is not down at all —gold is UP 5.3% YTD —more than the USDX.
Man About Dallas was correct when he recently said that gold was doing well considering the dollar’s performance.
Good point, Matthew!
Yes, that is a good point. Shhhhhh….don’t let on to the kids.
Gold will hit 2000.00 or Jesus will return…which will happen first?
Both are totally unknown, Tom!
And Tom hits on the magic number. The true price of gold per ounce is measured in the number of years since Christ was born. It is 2014.00!
Didn’t Pilot have to find someone that could identify him?
Kind of an indication not too many people knew who he was.
Who is to say when he comes back he doesn’t us a different name and stays incognito?
I think that we will know when He arrives, bb!
Will the dollar rally stall and reverse at the 600 week ema/144 month ema for a third time?
http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=5&mn=10&dy=0&id=p71569119756
I present two simple facts for USD supremacy and gold’s decline to 950
Ukraine is crushing the Euro
Scotland is killing the Pound.
Sometimes that manipulation story is nothing more than events in another context. It is good reminder that technical analysis is as good as the eyeballs looking at it.
Macro events do not appear in TA in many cases, thus, robbing people of simple answers to simple questions.
Sometimes it’s better to look up and read a newspaper.
THE ANSWER TO GOLD’S “MANIPULATION” IS RIGHT IN FRONT OF US.
Thanks Ken
The USD has had its run my friend…it might burn brightest soon but it will die quickly
Look at the dollar move out of the last bottom in gold.
The dollar and gold both rose together. The gold move
up was just predicting the future decline in the dollar and
thats exactly what happened. Gold catapulted to nearly
2000 an OZZZ…… HA……..HAAAAAAAA !!!!!!!!!!!!!!!!!!!!
Thanks Heavy,
Good to have you more active!
Get this Big AL…
Rick Rule in a very recent interview has softened his
pitch on gold. Look at what happened in March we
peaked off the Dec. 2013 lows and purdy much collapsed.
ITS WAS BRUTAL. Guys got smoked. Then we had a great
summer rally and we currently stand in a temporary correction.
Rick Rule stated that in the last gold bear market investors
got so badly burned that its going to take more time coming
out of this. Its surprised everyone including Rick R. That
correction that started in March was very deep. Much
deeper than most expected. Including myself and other
seasoned pros I know.
Anyway, we could have another 6 months before anything
big happens.
GOLD KICK OFF IS COMING BUT ITS ALL ABOUT…..
PATIENCE !!!!! Its good I’m very patient.
Everyone needs to understand that right now.
HEY…..FWIW…..just ask Rick Rule…he’ll tell ya….lol..
Big AL knows too….bet ur arse !!!!
GO GOLD !!!!!!!!!!!!!!
Rule recently gave a very positive/bullish interview at KWN in which he talked about all the big money looking to come into the sector. When I heard that, I knew that a good short term decline was even more likely. Come on, why would he work against big clients and friends by promoting to the public what they’re looking to buy. The answer is he wouldn’t; that’s why he promoted the sector when he did. He actually aided those looking to accumulate by bringing weak hands in just before the plunge. Still, those who bought with confidence based on his words will still be very happy they did if they didn’t dump their positions in fear. Rule did tell the truth about the bright future for the resource sector.
*The above is obviously just speculation, take with a grain of salt.
Yes Rule was positive. However, not wild bullish. Too many investors got
burned he said and its going to take time coming out of this. Interviews
previously to the March correction he was wildly bullish.
So yes gold bull market is in play but don’t expect anything huge right now.
Maybe but we will probably need to mark more time. My own guess is 6 months
max. Referring to big gains. I suppose we could get a good rally in the weeks
ahead. GDXJ hits 55. Next year we get the huge gains.
Then again I’m practicing patience. 6 months goes by quick for big gains.
Heck, its already been 6 months since the March correction…nearly.
LET THE BLOW HARDS SCRATCH THIER HEADS WITH IMPATIENCE.
Bring it……if the big gains come soon. 2000 gold….BRING IT !!!!!!
Matthew, I sincerely don’t believe Rule aided anyone like weak hands
just before this correction we are in.
This is a normal correction not deep like March.
Presuming or being presumptuous is poor judgment in my view.
Rule can’t possibly play every dip in the market.
I like Rule and he’s not acting in the capacity you describe.
NOT AT ALL…..
Don’t get me wrong HH, I like Rule. He rules!
I don’t think we’ll have to wait even close to six months for some action. Gold and silver have been stuck in a narrowing trading range for over a year. For a variety of reasons, I don’t see this continuing for another several months.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=5&mn=10&dy=0&id=p47478454211
Silver will lead the next move, not gold.
http://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=15&mn=10&dy=0&id=p93662684816&a=366646941
I agree Matthew and believe me, I am happy to see some great market
action in gold. I think if the March correction wasn’t so severe we would
be much further ahead in the gold market.
I think we lost at least 3 months of nice gains screwing around with that
very deep sell off that started in March. It was not your normal correction
but as with all of them are designed to shake out late participants and
ameteurs.
Nice job Mr Market. Now we are in a normal correction in my view and
looks fairly positive moving into fall season.
Nonetheless, my target is a very conservative 6 months.
BTW…..thanks for the info. Matthew. I do read all your analysis.
Most of it I already have but sometimes you do have unique
market analysis. Also, nice to get your perspective of the analysis
because not everyone interprets it the same. Lots of cross hairs in
the mix. As you know.
Lots of poor sentiment in gold equities right now. Huge plus there.
Volume in GDXJ is excellent. GDX not that great. The juniors though
have been the leaders. We are almost in the same scenario as June
lows.
Anyway, still on cruise control because I know rewards are not too far off.
NO BIG DEAL. I’m not a spender anyway. That’s what seperates me from
the impatient ones. The future is there for fortunes and I will wait.
I KNOW BECAUSE I’VE DONE THIS TOO MANY TIMES NOW.
However, you can’t reach out to anyone with this strategy because
its all on their timing.
ha .ha…THATS NOT AN……. M.P. ……THAT’S A …….Y.P. .
END….you bet it is too….my message to everyone.
Speaking of patience HH. David McAlvaney’s post last week towards its conclusion cant’ emphasise patience too ,much. Speaks of an investor aged 108 (!) who still sees investment longterm!!!
http://mcalvanyweeklycommentary.com/
Andrew…
David also speaks of value. The dynamic COMBO…..
VALUE AND PATIENCE.
However, no one ever mentioned frustration. But
if you buy the bargains I think patience is much
easier because you know your decisions are correct.
If I paid more than the bottom bargain prices
just the thought makes me very nervous.
Right now in gold equities though for purchases
looks very attractive. Pessimism is worse now
than in Dec. 2013.
THE BEST POSITIVE MOVING FORWARD.
Now we live on hope and a little bit of luck don’t hurt either.
Andrew, the guy is way off base. He is talking value as in buying 50 cents when it is worth a dollar but if you look at any long term gold chart the price is currently WAAAAYYYYY out of line with historical numbers. Gold is massively OVERPRICED.
Try a chart for yourself. Here is one from Kitco – Gold from 1978 to present
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
Tell me that chart makes you optimistic. Sure does nothing for me. Lots of downside room ahead still before equilibrium is struck. Keep to your short positions. Recall I had a downside target of 968…..we should indeed see that before we ever get another blastoff.
Bird, gold is not overpriced at all in real terms. IGNORE the dollar price when assessing the big picture for gold. Priced in oil, gold is below its 40 year average:
http://stockcharts.com/h-sc/ui?s=$GOLD:$WTIC&p=M&st=1981-09-07&en=today&id=p35754953882&a=366698528
I am not sold on that metric. Look at the big chart. It says overpriced every which way to Sunday. I have just been doing my best to ignore it until now. But the so-called commodity super cycle is as flat as a pancake and it is not coming back to life any time soon. I think we can hold the funeral now.
I can’t see the chart you linked to, but I assume it is gold priced in dollars. The longer the term, the worse the dollar is at measuring value.
Gold has just dropped by over 30% in 3 years and remains in a big uptrend …and you’re bearish?
http://stockcharts.com/h-sc/ui?s=$GOLD:$CCI&p=M&st=1981-09-07&en=today&id=p22242746370&a=366713068
Here’s another look at gold priced in commodities:
http://stockcharts.com/h-sc/ui?s=$GOLD:$CCI&p=M&st=1981-09-07&en=today&id=p47300495263&a=366713567
Gold is not in a big uptrend. It is in the process of deciding how deep to fall next. Maybe what you meant to say is gold WAS in a big uptrend before but now those days are gone and everyone wants them to come back but it is too late.
Nope Bird, I said what I meant. Gold is in a big uptrend. Fact.
Not for the past few years. Your “big” uptrend is purely theoretical at this point. It is not a fact but a supposition and hope. What is a fact is that gold peaked and popped. It has finished that part of its life cycle. James may well be correct it has another twenty years in the wilderness before it comes back again. We still have not reached fair market value for Gods sake. So basically….you are wrong as usual.
No Bird, the last few years is called a downtrend. You’re saying a lot of funny things here lately. “Wrong as usual.” LOL……..
How much “money” was spent suppressing the price of gold so far?
Who needs to suppress that which will collapse under its own weight anyway?
Some might remember this chart that I put up recently. It shows that $1268 gold remains a line in the sand (that the bull have successfully defended so far).
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=1&mn=3&dy=0&id=p33399707640&a=361926967
Segment 5 with Gary Christenson of the Deviant Investor: …You will hate me for saying this Al but gold is still quite overvalued relative to a basket of industrial (hard) commodities that it typically mirrors closely.
I am saying that gold is too high even at current prices and does not actually represent fair value yet. It is still seeking it’s equilibrium and that should take more time to play out. Lets, face it here folks, we are speculating on gold based on a macro climate that says precious metals should go higher based on a number of very negative factors such as Central Bank interventions, inflation expectations, negative rates, geopolitical worries and economic fears.
But none of those are really having an impact on a metal that is still seeking its bottom. The market is deciding day by day what the correct price should be. When it is ready to shift back to fear trades then prices will rise.
Until then, let us just chill out and wait because apathy currently rules where fear might ordinarily live. The VIX proves that in spades. Mr Market does not give a damn about gold fundamentals or COT reports or Chinese buying or Ukraine wars. All that matters is what is moving. And gold is NOT moving.
Recent Rick Rule podcast:
http://www.stansberryradio.com/Porter-Stansberry/Latest-Episodes/Episode/687/1/Ep-176-Rick-Rule-The-King-of-Contrarians
Interesting comment on Greenspan first.
Still waiting for Upturn Millionaires to pan out…….it could be a loooong wait. But who cares eh? It is really about marketing to fools and turning a buck selling thousands of subscriptions and passes to shows. Geez I am getting sick of all the hype and BS in this business.
By the way, the video does not play unless you give them your email address. I will slit my own throat first.
I agree with you Bird.
Who is to say the reports of Chinese demand dropping off are not true for example?
Or the big drop (50%?) of gold eagle sales in the states.
All demand has been met, obviously there is enough gold to satisfy it, even if Sprott doesn’t know where it all comes from.
Maybe Im crazy but I still don’t think it drops further than about $1000, not saying it goes there I just don’t see it going lower, the Chinese government recommended to their people about that price and they have trillions in reserve to buy if need be.
I don’t think they will show to their people they didn’t know what they were talking about. They will do all they can to keep confidence.
Just my thinking, but what do I know?
Gold can’t drop too much unless Goldfields, Royal Gold and Franco Nevada
including others collapse in their stock prices.
Appreciation in these gold equities at this point tells the story.
Sounds to me like you are pretty tuned in to reality with gold, bb. It is after all a speculative play that had one hell of a good run for a dozen years. Can’t get the old days back though. We just need to let this play out to its natural conclusion (whatever that might entail). Last time gold peaked and crashed it was quite a long wait before it rose again. Watch for what Central Banks do. If they begin selling it is the bottom.
There have been reports of some strong silver sales even tho gold sales are down.
I wonder if people don’t have the cash for gold but still want metel so have turned to the cheaper silver.
If that’s the case, we could be looking at deflation, maybe Rick? is right.
Some reports are saying people are hoarding cash now, velocity goes down.
I still think I see both inflation and deflation.
Bird, short term, gold is speculative, but long term, the dollar (and fiat currencies in general) is far more speculative.
In real terms, gold did not reach a secular bull market-ending valuation in 2011.
I cannot trade on long term Matthew. This price correction has been more than three years long already and it has worn me down. I am just about ready to move on to other sites where more topical subjects are playing out because this dead duck gold….well, I have almost nothing left to comment about it anymore.
I have not seen anything about cash hoarding taking place. You have me curious. Do you recall any links I might see, bb?
Im afraid I don’t have links Bird. I never took them as anything other than just another persons view.
Had to do with paying debt, part time jobs.
I do think its true tho, sales of some big retailers are dropping, even the dollar store sales are dropping.
High end sales of course continue.
But I have herd people talking about buying what they need as opposed to what they want.
No worries. I did some digging and came across a fascinatng article on the topic. Seems this has been researched and in the early part of this month the data was released. The American public is indeed hoarding cash at high levels. The reason is that rates are so low cash itself has become the preferred asset to hold because bonds pay nothing. The paper was undertaken by the Federal Reserve Bank of St Louis itself.
Fed: US consumers have decided to ‘hoard money’ –September 2 2014 — CNBC
http://www.cnbc.com/id/101963821
You can read the whole paper for yourself. Linked below. Enjoy.
What Does Money Velocity Tell Us about Low Inflation in the U.S.? — St Louis Fed
http://www.stlouisfed.org/on-the-economy/what-does-money-velocity-tell-us-about-low-inflation-in-the-u-s/
Glad you found something Bird, I read these things, mention them a week later and forget where/why I read them in the first place.
Holding cash in new bills is actually somthing I mention to family members.
Probly paranoid but ya never know, the atms not working would be an issue.
Bird, I agree 1000%. I got my belly full of the BS along time ago with all these so called guru’s, experts, foolish pumpers and just down right PM conmen that do what opportunist always do, they take advantage of an environment that evolves around mostly fictional narratives that scare and manipulate thoughts of those easily swayed and looking for answers.
I consider myself a bug, so to speak, but I’ve wised up to the BS.
Most all of the large and small metal/commodity newsletter writers that sell their BS to the public would be flipping burgers or employed as a used car salesmen if not for a foolish public willing to pay for over priced subscriptions for **** information that they could gather themselves with a little work, effort and dedication.
I could write a freaking scathing book on this nasty PM newsletter industry chalked full of phonies, charlatans, self promoters and just flat out opportunists that have never set foot on a mining property in their life nor could they read a balance sheet or explain in detail a drill hole or what a companies burn rate means to their dog.
I can count on “one hand” a name or two that are worth anyone’s time or money. The rest I read for comic relief and then hit the delete button.
Golds still going to the moon whether anyone, anywhere
or if they can’t get out of their own way…
LIKES IT OR NOT !!!!!!!
Golds on its way to the moon….and thats just tough.
Keep on bloggin….as gold climbs your wall of worry.
Man, you said it Vortex! The first thing I usually do when hearing from one of these guys is try to find out what kind of incentive they have in pushing the gold agenda. There are big bucks in the business whether it is speaking fees, book sales, conferences, subscriptions and the like. Just proves money will turn anyone into a booster. What I am not so sure about is that most of them believe the crap they spout. I mean come on….gold is a freaking disaster with a terrible chart. It went parabolic already and blew off the top as did silver. The smartest people are the ones who have already walked away long ago and never returned to listen to any more. I only stick around for the entertainment but I sure am not buying. Not now anyway. And I could not give a flying chipmunk if gold stocks are down on their luck. Until at least half go bust and get delisted I am sidelined.
I have to agree with you V. Not all, but a good percentage are basically used car salesmen!
CFS….thanks a million. …awesome interview.
Paul Singer a world class hedge fund manager says gold is
going to really explode. He was discussed with Rick Rule.
Paul Singer has not only some of the highest credentials in
the investment community his reputation for his integrity
is also of the highest order. Rick Rule confirmed who Paul
really is. NO SUGAR COATING. Gold is headed to the moon
and into the next universe. Could happen very soon too.
SHAKE IT OFF FOLKS AT YOUR OWN LOSS AND OPPORTUNITY.
It doesn’t take huge amounts of money/ currency creation to justify a huge gold or silver price. All it takes is to back all the currency in the world and financial assets with gold and silver. Then the exchange rate of the metals with currency and paper assets goes into hyperspace. Right now the market price for gold and silver is a lie.
If you mean it is overpriced according to what other commodities tell us it should be worth then I agree with you.
Yes, good interview. HH, notice Porter said that Rick knows a lot more than he’s willing to say in public? That is something that I easily detected a long time ago. There’s nothing wrong with that either.
Paul Singer, Rick Rule, and the rest of us gold bulls are correct, there is no doubt about it. The more skeptics and bears the better, as they will ultimately just provide more fuel to the coming launch.
I don’t think you and Rule and Singer are going to be right Matthew. In fact, at this point in time I am certain you are all going to be wrong. The majority of elements in the commodity sector are in decline. Yes a decline. Gold CAN NOT rise against the sector on that tajectory and it has never sustained a rise of consequence versus the majority of commodities other than over the short term. I am really sorry to tell you this but unless there is a turnaround you will be making the wrong bet. We are deflating across the resource spectrum at this time and that bodes very poorly for precious metals. Forget inflation. We are in for a long hard slog waiting now until some as yet unknown factor creates a resolution that reverse the declining trend. Gold has been murdered. It’s goose is cooked.
Then explain away Franco Nevada, Royal Gold, Goldfields etc.
I don’t understand. First off I am not nervous or scared. Second, I am definitely not dumb money. Please stop using that phrase Matthew. It implies everyone who does not agree with you is not so bright.
Glad you listened in Matthew.
I gained a lot of respect for Rick Rule over the years. Eric
Sprott gave Rick kinda of a bad name because of the ties
they have. So people assumed Rick was just a gold pumper.
However, he’s a very sincere guy. We’ll Matthew, we have the
best in the business on the bull side.
Why listen to anything else unless its positive with a solid case
for higher gold prices.
Especially the bloggers. Just meaningless jaw flappin.
THEY CAN ALL FLAP …..UNTIL THEY DROP TOO !!!!! !!!!!! !!!!!!!!!!!!
Like I said long ago…clowns can be funny and I do love the entertainment.
: ◆ } ha ..haaaaaaaaaa… : ◆ } really got be bustin out laughin.Going against Rule is a bad bet.
I am not a critic of Rule. He strikes me as a pretty sensible guy actually and he does a great interview. I think everyone is drinking the Kool-Aid right now though. Look at the bigger charts with fresh eyes HH and look at the trend. None of it is inspiring. For the last three months commodities en-masse have been trending down. Seen a chart of the GSCI lately or any of the others? None of us spins on a dime and adjusts as quickly as the charts when we are locked into a theory. All I am saying is before you criticize a lone bear, look at the data yourself with a critical view and ask yourself if there are really rays of sunshine in there. The outlook is quite dismal now.
Well ya, I see that. Its a negative Bird.
However, someone has a floor under gold prices.
The gold equities I mentioned. Big smart money is buying.
Not because gold is going to 1000.
And I’m certainly not going out of my way to believe
I know more than Rick Rule.
If he’s positive who am I to disagree.
FACTOID……none of us here can either. Rule
has more credentials and correct market calls
in gold than anyone here can ever hope and
dream of.
JUST THE WAY IT IS . We disagree with Rule at
our own perils.
The bigger they are the harder they fall, friend. Nobody is immune to mistakes. Why do you think that most of the wealthy prior to 1929 were wiped out in the crash? It was not poor people after all who bore the brunt of the stock market getting pulverized at that time. So maybe explain to me why all those smart ultra wealthy folks got ruined if your theory has merit. I encourage you to think for yourself and not blindly follow anyone. And that is NOT a criticism of Rule, it is a comment to remind you that even the best can sometimes be wrong.
“smart money” I hear that a lot, how the heck does anyone know its “smart money?”
As Bird mentions a lot of “smart money” was lost in 29, I would imagine a lot of “smart money” is lost in every crash.
Can’t disagree Bird.
However, lets not forget US was on a gold standard.
PRINT…PRINT…PRINT…..
Anyway, I not worried about gold or money. Yes, to a certain
extent but I do know there is much more to be concerned about.
People just won’t figure that out until its too late.
YOU KNOW WHAT I’M TAKING ABOUT TOO.
But then people want to pretend and play make
believe in a world that’s failing.
In every way too. Golds not going to save anyone.
Its temporary, just like the worlds promises.
HOWEVER, THEY WANT TO BELIEVE IN THE LIES ANYWAY.
The poop chute is waiting for everyone.
LIKE IT OR NOT. Then they deny the safest way to
escape whats coming to this world.
Bird, the big trend is up and you are not a lone bear! Even on this and other gold sites you are far from the only bear. Nervous Nellies abound. Even most self-proclaimed bulls only long term bullish —perpetually! Lol.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=14&mn=11&dy=30&id=p58008560256&a=353192021
Bb, look at the volume in GDXJ this year. Dumb money sells the end of a nasty bear market; smart money buys…
http://stockcharts.com/h-sc/ui?s=GDXJ&p=M&yr=5&mn=3&dy=0&id=p78902602166
Dumb money is most comfortable being long a market after it has risen for a long time and has “proven” itself, LOL. Like conventional stocks today. Smart (and usually big) money wants assets CHEAP, and this means hated.
I understand Mathew.
It needs to be pointed out that being “smart money” or “dumb money” is not a permanent condition. All smart money has been dumb money and some of it will be again.
Any smart money that lost it all in ’29 or any other time, is better described as FORMERLY smart money, or dumb money, wouldn’t you say?
Just not a fan of the terms “smart money” and “dumb money” used in that context because it is either a challenge to others or a way to imply they are not particularly bright with investing. It also is a way of saying you know better since you are the one judging who is smart and dumb.
Bird, I base my definitions on evidence confirmed by experience.
It is still an unnecessary insult directed at all who refuse to buy during a down market. You keep buying OK. The really smart money is waiting and biding its time while others keep feeding the losses that keep coming. This is still a bear in case you don’t get it yet. Did you forget about last week already? Down man……down again.
If you say so, Bird.
http://www.gata.org/node/14415
Shortages in PMs?
More salt please. GATA has an agenda.
More salt please. GATA has an agenda.
Never has been a shortage, all demand has been met with available supply, no problem.
They had so much they could even send it to their arch enemy Chavez.
Germany never got their gold? Rickards explains that was because Germany didn’t want it.
Shouting shortage could just be a sales tactic.
Yes bb, and how are shortages avoided? The price is allowed to rise! This 3 year decline and one year consolidation is nearly over and price will again be allowed to rise.
The so-called enemies of gold are actually cultivating one healthy and powerful bull market with their interventions. Don’t be fooled.
Mathew, it doesnt matter to me if I am fooled or not, I purchase between 5-10% of investable income in physical gold every month. No matter what happens.
Just my thinking and I know I could be completely wrong, so? no big deal.
But from what I have seen in the last decade, goldman the fed and the likes have been the most correct.
People screaming shortages have been completely “out to lunch”.
The run up to 1900 never produced a shortage and the drop to 1200 never produced a shortage, in either gold or silver, I just think we have a ways to go before we find ourselves in any kind of shortage situation.
Ditto on that. No shortage of metal, only on common sense.
You don’t get it bb, run-ups don’t produce shortages; shortages produce run-ups! The run-up alleviates the condition by coaxing people to sell. This process can happen so fast that people like you or me would never be aware that a failure to deliver was imminent.
The official gold price in the U.S. is still $42/oz. How much gold do you think is available at that price? Is there a shortage at that price? Obviously, yes.
It should matter to you if you’re fooled, but suit yourself.
This last comment isn’t necessarily directed at you, bb, but I find it sad, though not at all surprising, that the average retail gold investor is far more critical of the early and honest bulls than they are of the establishment and its media. The media NEVER acknowledged the bull market EXCEPT to say that it is over right after every cyclical peak. It’s hard to feel sorry for all the dummies who don’t see a problem with someone calling an end to something that they never even recognized existed!
I think the German people want the gold back………and considering the QE QUESTION, which THE GERMANS are against, and have been at the very outset of the EU AGREEMENT.
ok Matt, shortages produce run ups.
Where and when was the shortage that caused the run up to 1900?
There never was a shortage, all demand was/is met with available supply.
So, what caused the run up?
I repeat, Im just yakin here, I couldn’t care less what happens, I have been and will continue to buy 5-10% of investible income to gold.
Heck, according to some gold sites and promoters the world should be ending any moment now, its all just sell product, after awhile, it gets to “why bother?”
Bb, what do you think causes the price to rise? As demand exceeds supply at one price point, the price naturally move up which simultaneously makes selling more appealing and buying less appealing. Sooo… demand took the price all the way to $1900 because it exceeded available supply at lower prices. Maybe some deep pockets had some bad bets to cover, I don’t know, but as I said above, you and I would not know anything about an impending problem due to falling supply. It will be the same in the next rally, the price will rise because the available supply at current price levels will disappear.
Each time the price rises (or is “allowed” to rise), potential supply problems are averted.
As Rick Rule likes to say, “the cure for low prices is low prices and the cure for high prices is high prices.”
Gold has now been cured of high prices. It will soon be cured of low prices.
I know the theory Matt, but there never was a shortage, ALL demand was met without an issue anywhere, all it ever was, was hype.
So, as it want a shortage that caused the price rise, what caused it?
Psychology maybe, people buying because the price was rising?
Maybe gold was going up as most metels were going up?
I don’t know what caused it to go up, but it wasn’t a shortage.
Geez, bb, what drives up gasoline after a hurricane? Shortages. Same with gold or anything. If there were no shortage of bread at 50 cents, it would be 50 cents. If there were no shortage of gold for sale at $1,000, it would be $1,000.
If gold flies to Polny’s number by the end of the year, I would say that it happened because there was a shortage of gold available at current prices. If gold goes nowhere by then, I would conclude that there was plenty of gold available at current prices.
I agree with you bb. There has never yet been a genuine shortage that was not filled when prices rose. What I think we saw was a belief a real permanent shortage was maybe inevitable. Thus all the worry about Chinese and Indian buying that was permanently pulling supplies off the market. All that gold, it is claimed, will be gone for generations and thus leave nothing for future buyers and investors in the Western world. But it is just another manipulation. The truth is most people really do not care snot about gold. They do however care about how much cash they have in the bank or how big their salary gets. It is why this business gets to be such a bore after awhile. The tide went out friends and it seems the gold promoters are wearing no clothes.
Lol.
I wonder, with the Chinese demand dropping off, if the people that wanted it maybe have it now.
I, for example have all the silver I want, no need to buy more, gold on the other hand I see as protecting purchaseing power so 5% every month.
Just a thought.
I agree with you about North Americans couldn’t give a tweet about gold/silver, those vids showing people refuseing an once for a coffee prove that I think.
Heck, wasn’t there a vid showing a guy trying to sell a 20 dollar gold once for $20 and no one would take it?
I never saw those videos. Were they Frankies (I don’t watch anything he links). By all means put them up again. People need a reality shot once in awhile. The whole gold market is so much bull***t right now. It is dead, dead, dead……James was 100% right. Time to turn our backs on the pumpers and humpers and just walk away. Certainly do not buy anything!
Well, not sure I wont buy anything, lol, actualy I will continue with 5%.(don’t you realise its to the moon any minute?)
I have trouble putting up links, I saw the vids as they were attached to articles that were emailed to me. Long ago now, but I will have a look and if Im able I will post.
Buying a 99¢ taco with 1 ounce gold coin (worth $1400)
Selling My One Ounce Gold Coin for $20 (When It Was Worth $1600) Oops!
Kevin O’Leary’s ‘Cold, Hard, Truth’ on Gold Investing
if they don’t work as links I guess you’ve got to go to you tube and type it in.
People in this blog have been talking about a down-turn in base metals…..
http://stockcharts.com/h-sc/ui?s=dbb
I don’t see it in ETFs or individual stocks, e.g.:
SCCO. Not a recommendation, just an observation.
Not base metals CFS…..industrial materials. They are not exactly the same.
Bird you are spot on again. Most guys pushing Gold are frauds. The fact that no one said run for the hills 2011 is a testament to that. Golds more a ponzi scheme than anything…think about it. It needs ever increasing flows of buying to boost its value…..It produces nothing. Up down who cares…I use to have the up most respect for Bob M….sorry Al hes been so out to lunch on the calls the last few years and commodities have been the WORST investment period but they happily sell advertising and push the stocks. The folks that came out of the wood work pushing Gold / Silver at such a huge level should be strung up……Stating things like “you can be rich or poor choose Gold now as it with be the last thing standing”….WRONG…. I heard it all. Ohhh the fear-mongering… I’m tired of these idiots too. (Bob ranks up there too me) There are only a couple of folk that said get back into the stock market and dump your metals….unless you want to sit on them for life…
Thanks. You have seen through the madness from the sounds of your post. Bob M. is still trying to claim he called the final bottom. He must have a surprised look on his face lately now that he is wearing so much egg! Same goes for Gary Savage who does not seem to get the trend but just keeps insisting that a big manipulation is suppressing gold. Those guys cannot be looking at the same charts as I am because almost everything notable is in decline in the resource sector.
ATTENTION: ….ITS TIME TO MAN THE BATTLE STATIONS !!!!!!
THROW DOWN TIME !!!!
Petro dollar must collapse. First, the dollar will have a convincing
rally like now. All shorts must be squeezed out. Markets are very
efficient insuring all dollar shorts are cleaned out.
Gold will slowly rise during this process. Probably several months
and then the bottom will fall out of the USDX.
Who will insure this process is the East. If the East does not act soon
NATO/The West are moving in and threaten not only Russia but China.
Rather than a nuclear confrontation The East has no choice but to
extinguish the petro dollar. That’s their first choice in hopes to send
The West back home. No one wants nuclear war but its unavoidable
unless this aggression by The West is stopped.
Ukraine looks very likely it will join NATO. The East must now act soon
or we will have a nuclear confrontation.
Rick Rule will be vindicated. Gold is going up.
THERE IS GOING TO BE TROUBLE. …YOU GUYS….
MUCH TROUBLE. ..convincing USDX rally that turns to mush…
GOLD EXPLODES RIGHT OUT OF THE GATE….
Catapults right through 2000 and the USDX is still being hammered.
ITS EITHER THAT OR NUCLEAR WAR….GUYS !!!
Pick your poison.
There is still time to join…The Goldbugs Club.
(We do have fun activities too. Gold bars being
displayed early morning out on the window sills
reflecting the early morning sun. Very impressive
light show. Don’t miss out.)
Or you can hang on to USDX bloated full of hot air.
THIS IS YOUR OFFICIAL NOTIFICATION.
You Have Been……..NOTIFIED !!!!!!!!!!!!!!!!!!
WARNING……….SIPC……SCAM….iNsurance on brokerage account is now a fraud/Ponzi ….you could loose your money ,,,and maybe have to payback what you have already taken out………better check this one out………..see WATCHDOG USA….
Its time to duck and cover Jerry.
Wait till the wheels really come off
USDX bag holders stuck with hot air.
You got that right……..HH. Things do not look good. People are going to be really PO, when asked to repay what they think they have earned …..CLAW BACKS, approved through the courts(and anyone say kangaroo )….
This will be a real COUNTERPARTY RISK…..for anyone holding a brokerage account…..GOT GOLD…………there will be a stampede if this is the case.
BIG MONEY IS GOING TO BE LITTLE MONEY…….PAPER ….WALLPAPER….I LIKE GOLD LEAF.
Gold leaf is good….Jerry
Whats your address ? lol
I guess we will have to see what happens.
Always the wait and see game.
Ukraine joining NATO is the beginning of the end.
The East better get busy because time is running out.
NATO is already in Russia’s face.
Who’s gonna blink first. Getting interesting.
Comments from zerohedges …..says….THREE large Russian gas companies are getting sanctions from EU., Russia will be forced to trade with China. China will be holding the cards, and the gold backed currency may come quicker than expected.
That is Russia’s punishment for not playing nice with the West. And it is punishment. Russia was just gaining good access to the many perks that define Western markets. Now instead they will play lapdog to a big strategic thinker. They have dropped quite a few notches and are now at the mercy of a new master. Serves them right.
As far as notches goes the have quite a few in the nuke department.
The West is raging war with Russia to protect Israel since Russia
backs all of Israel’s enemies.
Ukraine will join NATO and then you can turn out the lights.
Its unfolding right here and now. Its all deaf ears out here and as
usual no one is going to believe it until total destruction comes.
THATS THE WAY IT ALWAYS IS !!!! scoff and mock till they drop.
Jerry….
If they don’t take out the petro dollar and soon….get The West
back home there’s going to be nuclear war.
I think this is The Easts last option over nuclear exchange.
This NATO business is far from peace with a nuclear armed
Russia. Threatens China too.
YA HAVE TO WONDER. Actually I’m not wondering because
Russia will act and it won’t be a conventional war either.
Especially if Ukraine joins NATO. There is no way. SHTF…
HH…..you are correct………NATO ….is going to have their hands full , with China and Russian. Russia has already shown the plans for Nuke warfare and where the nukes will hit……THE US is playing with a power keg.
Thanks Jerry….I think everyone is blind.
NATO is starting something mankind can’t handle.
Its absolutely crazy. But their doing it.
Like Russia is going to sit back and have NATO order
them around like school children. Its a step right into
nuclear warfare.
Rick Rule will be right. Gold is going up.
HH…………DITTO
Yes ditto….gold must and will go up.
We really got to bet our arse’s on that one.
Ha….even if it means nuclear war.
Gold must go up at all costs.
J……..THE LONG………………..OOTB,
I heard about this a short while back. I have a brokerage account with one of the major mutual fund companies and was a little concerned about it. But now after reading about this at USA WatchDog (link below) I actually feel more convinced that there is no problem with having a brokerage account depending on whom you have it with. Why? Because I disagree with some of the comments made by Laurence Kotlikoff which are extreme and makes him seem to be a little paranoid.
http://usawatchdog.com/sipc-insurance-scam-from-fraud-street-professor-laurence-kotlikoff/
He makes comments like “Right now, nobody should have a brokerage account. They should close them immediately and not spend your money for six years.”
When asked if any brokerages are safe? Kotlikoff says, “You are not safe in any of these companies”.
He of course uses Bernie Madoff and Allen Stanford as the main two examples in his articles. Well Fidelity and Vanguard are not Bernie Madoff and Allen Stanford. And these big mutual fund companies have enough money to cover what little fraud that might be committed, if even possible, by someone. What Laurence Kotlikoff should be doing is warning people to throughly check out who they give their money to instead of throwing the baby out with the bath water. I would be much more concerned if I had an account with an independent broker or a broker who represents a major brokerage firm, in which there is a much greater possibility of fraud occurring than would be at Fidelity or Vanguard. If he thinks fraud of that magnitude can occur at Fidelity or Vanguard then I would like him to explain how it can happen instead of using two extreme examples in Madoff and Stanford.
What are your thoughts? Do you have a brokerage account?
jMILLER…..The number one problem is the US GOVT. is bankrupt.( $210 TRILL IN OBLIGATIONS)
The politicians are corrupt, the courts are corrupt, the taxes are excessive, the Federal Reserve should not even exist. And they are all part and parcel of the same problem, govt. out of control.
As, they mention in the tape, according to the Wallstreet Journal,,,there are 4 Ponzi schemes per week…….this could bring down any of the firms by a rogue trader.., just because they have existed to this point, does not mean they are not in trouble or could be in trouble. IF , they have your money, they are in control, not you the owner…..try and sue them for you money, and wait in line….any class action lawsuits, the winners are the attorneys and the judges.
Couple this with KORSLIM , and the rip off, he created, and never went to jail, nor even had to go to court, something is WRONG, with the govt and the system.
FDIC, does not have enough to cover the possible defaults of all the banks, let alone the TBTF., and they have BAIL IN PROVISIONS., there is a real problem.
The CLAW BACK provision exist, and I am sure we have not heard the last of this Ponzi .
Look, if they could not detect Bernie or Stanford…..they are not going to find out till it is to late on any other case……The FBI’S hands are tied, they have been fired, let go, told not to pursue…and there are more cases than agents to do investigative work.( read that two years ago). Fore warned , is good enough for me.
I have accounts at a few brokerage houses, but, have limited my activities for the last two years………..
Well I just about disagreed with everything you said. I should not have even bothered to ask.
What did Jerry do ..miller……..what don’t you like anyway.
You act like he killed your dog.
That is to damn funny for words…………
Anyone notice Sinclair is currently only selling his face on as road tour? And at double the price he had been charging.
Yes, Bobby,…..went from 50 to $100…..
Al. This weekend’s show was excellent due to having Michael Belkin on the program.
Great analysis of the current situation. Thanks to Michael for also sharing information about the PMI Global Index which I found on a Google search. Europe retail sales down 16%. That’s huge.
Markit Eurozone Retail PMI can be found here at this site:
http://www.markiteconomics.com/Public/Page.mvc/PressReleases
For those of us who trade GOLD such as ETF symbol: GLD, my charting software shows this ETF heading down till approximately Sept 11 then UPWARD till Sept 29, 2014. I swing trade this ETF so it will be on my watch listen. I’m not good at picking individual stocks as I have found it’s nearly impossible to really know what is going on at all all the various companies but the ETF makes it easy and less volatile in my experience.
I’m an Expat living day trading down here in the Yucatan just south of Houston about 2 hours by airline where it’s seriously cheaper to live. With all the BS going on in the USA this place is great even with my limited hable Espanol:)
The public at large knows little and cares less about what is happening behind the scenes. Outwardly the price of gold is falling but fools who don’t realize that something is wrong with the administration and it’s practices, will soon see that the people like Bird are dead wrong and full of stupidity.
Too damn funny Dick. In fact I have been dead right since I called to top. I do not know a single person who has called gold better than I have for the past few years either. Not one single person on this site nor any amongst the public faces we all listen too. And what does the administration have to do with gold anyways. You need a checkup man cause you sound pretty confused.
But as of now Bird looks to be right.
So far Rick Rule is right.
He said gold was going up.
Right now its up .80 cents.
Well, its a good start.
Bought me some beans and rice.
LIFE IS GOOD !!!! heck ya it is. Washin it down with a tall iced Dr. Pepper.
you know what…..AND LIKE IT !!!!!! be of good cheer. :◆}
Golds up a buck and a half…gettin better
Treating myself to a slice of carrot cake
as golds going vertical……lol
LIFE IS GOOD !!!!!
Good article on platinum……….at 321 gold……SHORTAGE…..by 1.22 million oz.
I saw that. I still like gold.
Platinum is tied to economics.
That means I’m a true Goldbug….lol
good article on PLATINUM…….Shortage of 1.22 million oz…….see 321 gold.
sorry for the double post…..article should have posted at the bottom….
Ya Jerry….just make sure it doesn’t happen again. lol
Keep bringing back Mr. Belkin… Always insightful!
Everyone is in denial. Except for few posters here.
Why would anyone listen to bloggers over Rick Rule.
THATS PURDY DAMN FUNNY IF YOU ASK ME …..
I’m extremely bullish but to argue with Rick Rule.
I bring in the best mind in the business comment
wise on this board and this is what I get.
Very disrespectful. It was all free information too.
That old saying is very true.
YOU CAN LEAD A HORSE TO WATER BUT YOU CAN’T MAKE HIM DRINK.
So…R.I.P.
Your free information is worth nothing to anybody here. We don’t need “pointers”.
What would you like God come down and tell you how future gold will trade.
Anything supporting bullish case in gold is immediately rejected by you.
Just keep moving on with your apple cart and your bag of potatos
your not selling me anything. I don’t deal with peddlers who blog
information on boards.
I WILL NOT BE TOLD BY YOU OR ANYONE ELSE WHO TO LISTEN TO.
Keep rollin and go stroke someone else. So move along. Nothing more to discuss.
NOT NOW OR EVER AGAIN. OK…..FINAL…..
By the way Matthew….maybe it is time you declared yourself. Are you a broker, a dealer, a newsletter writer or an insider in the gold business? Your bullishness is really misplaced so I am pretty suspicious about your motives to constantly blow sunshine up our arses every single day about precious metals. Got an interest in a mine maybe? I am sure the reason Al told you to cool off is for good reasons.
Al told me to cool off? What are you talking about?
The question is, what is your connection to the gold business. You are positive in a way that is inconsistent with what is happening to gold these past few years. Nobody can be that bullish on such a damaged commodity. Even the brief respite in miners is being clawed back so if you did not sell odds are you are losing gains. So what’s the deal with your involvement in the industry?
Nooo, the question is, what are you talking about?
Sorry Bird, my response was to Matthew. I should have been clearer. These posts drop way down sometimes and its hard to make out who they were intended for.
V 😉
No bird, that was my fault. My post was directed at Matthew.
And a good post it was!
“There is no fever like Gold fever”!!!
…..& reading all through the above comments only confirms it.
269 posts to date – 49 from Birdman to date….lol
It was pretty quiet around here. I figured I might stir up a little shit. I feel better now!
The truth hurts, at least your willing to speak your opinion (& back it up with either facts or your personal reasoning)
There are some here who have no doubt ridden this gold ta the moon baby all the way down.
No doubt that must be like death by a thousand cuts for them
…..I don’t think the bleeding has finished yet either.
But it will…..one day…..should be some interesting comments on here until it turns though ! 🙂
Thanks Skeeta. I am a gold bull in waiting but it is fair to express disillusionment with how things have turned out for precious metals. A great many people here had just assumed the commodity cycle would turn favourable again…..eventually.
I had been amongst them as long as two years back. That looks to be a far away idea now though as so many resources have resumed their declines in the past few months. I think we need to acknowledge this major factor and take stock of our beliefs in gold as objectively as possible.
The probabilities of gold surging higher have greatly diminished against a backdrop of a stronger dollar and still soaring stock market. Sentiment towards metals amongst mainstream investors continue to languish in the basement.
The numbers speak for themselves as demand has also fallen in India, China, the US and even Central Banks. Our domestic proxy for demand (the GLD) remains flat to down, often bleeding more than it adds to stocks.
In fact, the only real glimmers of hope are those expressed from a technical perspective that believes it sees the end of the tunnel. Even those hopes were dashed in the past weeks though as critical supports were broken and have now become overhead resistance.
Meanwhile, too many are still waiting for a dollar bust that may not even come in the next decade. Nobody knows when or even if that will happen but it is not useful trading information as much as it is pure speculation based on a belief the Fed might one day lose control. Talk about subjective material to throw your game off. We can only hope that idea dies before it ensnares anyone else.
And so the last thin threads of hope were that a war would stimulate gold. But who in their right mind wants gold to go higher for THAT reason. Only a fool accumulates for such reasons. So why are the die hards still buying then?
Seems that even most of them have lost their love as mint sales are also falling in multiple jurisdictions from Canada and Australia to the US. This cannot be overlooked anymore and we can point to it as evidence that genuine interest is still falling for precious metals, rather than growing as some here keep asserting.
What comes next (eventually) is true capitulation as long tired holders either sell their holdings at the bottom or go in search of better opportunities. Bear in mind though, capitulation is not really a timing event as much as it is a state of mind. It does not imply that prices will immediately turn higher but only that a bottom has been reached. Years could still pass before a new bull run begins.
As always I would warn others to challenge the statements about golds golden prospects that continually get repeated here day after day and furthermore to question the agendas that might be in play with some of the actors.
We do not know who the speakers are when most here are behind the veil of anonymity and it could be very costly to follow the bullish advice of those who have financial interests in seeing buyers come back to the markets.
So buyer beware. Gold is not even a marginal performing investment at this time. Until that day it does prove to us there is a positive turn in its future I think it best to walk away and put your money to uses elsewhere.
Like Craps or Bingo or Blackjack…..they actually pay better with odds!
I too am a longer term gold bull (for the record)…it’ll turn eventually no doubt.
I’m invested I’m Aussie Miners more than what the wife is comfortable with….some have doubled yay !
Others have gone bust (see Cobar Consolidated a silver miner…$60 million dollar mine costs & accessories just bought the other day for $375 thousand !)…formerly CCU on the ASX Listed miners….luckily I didn’t have a huge amount in it….but a loss is still a loss.
When commodities boom they go off like a shotgun….it’ll be fun when it happens….but we look like its going to be a 12+ month wait at least yet….if not longer.
Those believing PM’s will go to the moon tomorrow / next week / next month are deluded.
….like I said….”There’s no fever like Gold fever”. ..& some need to settle back in the lounge & take their temperature.
Wow! I had not seen that story about Cobar. I will look it up. One of the signals that I have been getting that trouble is brewing is that three major miners have pulled out of East Africa this past year or so. That includes Vale and BHP Billiton amongst the biggest who, despite finding resources, chose not to proceed due to the poor outlook for prices. Quite a number of explorers have followed and there has been not much more than a big sucking sound as investment in the industry has declined abruptly and companies departed along with the jobs and capital. These are signs of retrenchment as good concessions and rights are outright abandoned in the face of falling ore prices.
Bird,
BHP & Rio Tinto have been copping it on the ASX but I think are both still reasonable buys…both have low all in costs for iron ore and can get by with even lower prices if thats where it goes.
Fortescue on the other hand ?…well we will see….they may go the same way as Western Desert Resources who went bust today.
Hey thanks Skeeta. There is another I will look up out of interest. We will probably start seeing a lot more outfits starting to fold up this winter (er summer for you). Just part of the shake out that is probably the best for all. That just means more capital will eventually flow into going concerns and not be wasted by poor performers.
Andrew, I recall you had quite a bit to say about Gaza a few weeks back. You left many dozens of posts on the topic. Nobody was counting then, were they?
At least you have accurately characterized what you’ve stirred up, Bird. 😉
It’s a big pot Matthew. Your comments are in there too. 😉
From Short side of Long….history shows gold bears last 5 years (not three). Some interesting charts and opinion. He thinks a continuation of declines is now in store due to recent price action. I agree. We saw another technical breakdown. The outlook is for caution and patience, not preemptive buying as some might suggest. I shall continue to hold my fire
Sorry…the link is here….
Short Side of Long –Gold vs Big Bad Bears!
http://shortsideoflong.com/2014/09/gold-vs-big-bad-bears/
Yes I read his blog often.
Not sure of his earlier punt in uranium Aussie miner Paladin though…imo there are better o/s uranium prospects than this locally listed one who needs a much higher price to get recently mothballed assets even out of care & maintenance …..but anyhoo.
BTW….Cobar’s mining assets were bought by ASX listed Southern Cross Goldfields (SXG) last week…who’s shares were trading last week for less than 1 Aussie CENT if I remember correctly .
A penny. Sounds about right. I wonder who will buy it once it folds.
Last I heard SXG were struggling to raise new capital themselves ?
Its like watching a dog chase its own tail.
Much like some on this forum during golds decline…LOL….but ya can’t tell them that…they get angry then start running in circles again…and again…and again !!
It has almost gotten to be a joke in the gold forums lately how everyone keeps spinning wheels over when gold will or will not rise. If I hear one more bottom call I will split a gut laughing. Nobody has got it right yet but they never stop trying. There is no award or feather in your cap for getting it right anymore either unless it is your ONLY call for a bottom.
We have at the minimum another year in the wilderness before gold turns around.
Another year or so I could handle.
Another two to three years or so & I reckon I’d lose at a quarter of my junior miners at least
Also from short side of Long. Another series of charts. The ones on gold are revealing so pay attention. They are not shouting buy me, buy me, buy me that is for certain. I think the gold bulls really need to cool off before they lead anyone else astray. Miners are also turning down in an alarming way. The rose is off this bloom now as I was warning Doc some time back. I hope he listened.
Gold price consolidation might be ending with a breakdown. — Short Side of Long
http://shortsideoflong.com/2014/09/market-movers-shakers/
55 and counting – you’re in a league apart BM!
Counting is what clerks and bureaucrats do best. What are your comments on gold?
Go for it Andy. I am chatty today.
Dunno Bird Man at this precise point in time. You know I’m no technician…just a clerk in holy orders!!
HH…………Biblical prophecy says WWIII will happen, not if it will happen. It says 2.3 Billion people will die. That means nuclear war and it is unavoidable. Then out of chaos comes the one world order, the ant-christ, his spiritual helper, the mark of the beast (the chip)………….the USA, Europe (both their trillions of debt) and NATO push Russia to the brink of nuclear war RIGHT NOW……….since they destroyed the global financial system amd their currencies, then you must destroy Russia and
China and you won’t owe them any debt anymore and you take over their countries and their vast natural resources………..the NEOCON way to blame others and get out of a bad financial debt situation……..The Neocons are sick people.
Great post Fred….nice to see you post this because this is precisely
whats happening and whats going to happen in a nut shell.
Tells the whole story and awesome job in brief form.
Everyone of coarse mostly is rejecting the truth. So then they will inherit
this world and the inferno thats coming with it.
The love for money, treasure here and all the lusting that comes with it.
GODS GOING TO GIVE THEM WHAT THEY WANT. However, the conditions
on Gods earth will be miserable and thats when the rebellion really kicks in
cursing God night and day.
All the signs are here God provided in his Word. Mockers and scoffers
rejecting the truth. The beheading is a major sign of the last days and
we are seeing that now.
Stay the coarse with God because its going to get very ugly.
Our Blessed hope Fred is not here. Your post couldn’t explain
it any better and unfortunately the truth will be rejected by most.
The rejection alone of The Gospel brings me grief and I welcome these
world events to see Gods Kingdom come soon.
This world will always be evil and at war …nothing but a trash heap.
NOTHING TO MISS BECAUSE ITS A ROTTEN SINFUL WORLD.
Scoffers and mockers enjoy it while you can. Their miserable with it anyway.
A key support for Crude is coming into sight this week. Same with sugar. Both are approaching technical markers not seen since January 2014. Same thing with silver actually so this is going to perhaps be a pivotal week in determining the future of the commodity sector. It is worth watching. Will they bounce or will they flop?
HH…….with you all the way…..Thanks……have to go give Ceasar what is Ceaser’s. Got to tend to my job……no choice.
You take very good care Fred….
As good believers we need to accept all our trials and tribulations with
good cheer because thats the only way to over come this world.
PTL is all temporary. Even the good times will never last. Doesn’t matter
what happens to us here because The Tribulation and the Lake Of Fire
are millions of times worse than anything very tragic that happens to us here
right now.
HOWEVER, MOST JUST CAN’T ACCEPT THE TRUTH.
Rich Blessings to you Fred and see ya in The Kingdom Of God.
True believers are going home. This is certainly not our home.
Hope to see ya soon. :◆}
Time to watch corn too. It is just about to hit it’s 2010 lows so it is base 4 years in the making.
Dear Fred and HH….I just can’t see how you can be so sure. People taking texts out of context to make pretexts are as old as the scriptures themselves. Jesus tells us that no-one will know the time and that He said ‘My kingdom is not of this world’ (Jn 18, 36), which is quite good enough for me.
Anyway see you whenever heaven sees fit to receive you and me!
Blessings A
Andrew in the kjv Bible In all the books of Matthew, Luke, apostle Pauls books and Revelation speaks about all the signs of The Lords return. Through out the New
Testament 30 percent of The Bible is prophecy.
Gods Word is telling us right now our redemption is close.
When you see these signs look up your redemption is close.
We will not know the time or the hour but The Bible says we will
know the season.
With all the signs in we are in that season. Israel also became a nation
again and Jesus said when they do that generation shall not pass away.
We are definitely close not sure if we are 3 months away as a season but
this is not the time to scoff.
At least not for me anyway. Its remarkable how Gods Word is accurately
predicting the coming event which brings the world catastrophe.
Also, sin is highly accepted in this world so God has plans to bring that to
an end.
If one wants believe in something else thats their business. I’m certainly not
going to believe in anything else but The Holy Word Of Gods Bible.
So far its predicting everything.
Peace and blessing to you Andrew. :◆}
HH I can see that you seek to be a prophetic voice on this site and I respect you fully for that. However the end times have often been perceived by believers in centuries past. Titus’ sacking of Rome in AD 70 is just one example of when Christians at that time really believed that their world was about to end. Of course when there are so many ‘signs’ today like fraud, moral decadence, natural disasters and over population happening everywhere, along with all the rumours and literal wars going on then once more we can ‘rightly’ feel this really is IT – that the END really is about to happen. Technology is arguably a further precursor that this time it really is about to all finish.
If you feel called to announce these facts in the way that you do, then right on. However other Christians choose to remain more circumspect both over our own salvation and the salvation of others.
Blessings as always, Andrew
Appreciate your comments Andrew.
The Gospel should be proclaimed and believers according to The Bible
need to spread the good news. Not everyone loves this world for many
reasons just talk to the homeless, the crippled, those living in physical
and emotional pain…the list goes on.
When Israel became a nation again that changed everything. What
people thought over the last thousand years doesn’t matter.
Technology just brings us closer to a one world system with everyone
controlled by a electronic micro chip needing a powerful magnification
to even see it.
No, according to Gods Word we are all witnessing the end of this age.
Again, when Israel became a nation that changed everything. Very words
of Jesus.
The world lives in sin too. Not Gods character to let it continue.
ha .ha. blessings again Andrew.
May Gods Kingdom come soon. :◆}
One more heave BM and we’ve made it to 300 – Al will be really chuffed. Oh and by the way gold’s gone down ten points!
300 Andrew. Hurray! …….Yes I see that about gold. I am keeping an eye on oil this morning as it hits a point of decision. We shall know soon enough which way it turns. The dollar too, up another few points and went over 83 again. Hmmm…down from here is my suspicion tomorrow.
About the $, not sure if this got mentioned. Scotland went over 50% in favour of separation.
Should they separate, the pound and euro could fall, making the dollar that much stronger.
I think we are in a period that even most of the strong PM bulls will drop off since all the market data is pointing against the fundamentals. Since fundamentalists are very committed and patient, the power that be has to impose all tactics to force them out. It will be a long and grueling process. I have been entertaining an idea a few years ago based on John Embry’s theory, that a devastating decline in gold price will be used to shake out the most stubborn gold bulls. Once everyone can be flushed out has been flushed out, the price has to return to its rising trend due to economic fundamentals and leave most people behind except the die-hard gold bugs and some lucky bottom feeders. The manipulators will come back to the long side before everyone else to rip a big profit. Just like Rick Rule has famously said that in the resource industry, you are either a contrarian or you are a victim.
To remain sane and committed, we need to buy only on dips and take profit for every rally with part of the portfolio. At same time we have to be diversified in other areas like real estate, oil, conventional market and make sure we can afford to lose some of our investment such as gold miners since if price persists under the production cost for too long, PM miners will have to close their doors eventually. John Keizer’s research indicates that 60% of PM miners in TSX either have no working capital or negative capital and even the ones with capital are losing money. The cost of production is rising at double digit per year.
I am telling myself that I am saving money in gold/silver which could be left to my children. So I can hold as long as needed. If gold does not money other assets will make money.
The children are going to need all the help they can get………It is good to leave an inheritance for your children’s children……….
If I was a hard-core gold and silver bug that has built a tunneled visioned life-raft around the financial survival view that the world is going to end any week now and the Federal Reserves paper IOU system is going to collapse at anytime, may want to realistically engage in some critical thought and start thinking outside of the box a bit.
Today, and in the weeks and months ahead may be an advantageous portal in time to take critical stock in how deep seated and bias views on how markets, money movements, currencies values and societies in general really work in a true rolling and cascading crisis environment.
I think its paramount now, more than ever to engage in an eclectic conversation based on intellectual honesty that questions to the core your beliefs and why you hold them to be unshakeable facts which when honestly debated are based primary on emotions and biases. We are all guilty of these human shortcomings of a two dimensional mind.
I think it would behoove everyone here that confesses to be a hard money advocate to start to strongly consider, or at-least entertain on some intellectual level, what the implications would be if a completely unexpected counter-trend move to the upside in the dollar were to unfold over a multi-year period of time.
I have personally been thinking a great deal about such a scenario unfolding and what it would mean for my investments, my loved-ones, my future and how I would reconstruct a portfolio away from commodity based investments to best capture a monetary and currency transition phase unexpected by most. Some may even think are a ravings of a lunatic.
I believe we are entering such a phase, in spite of all of the Federal Reserve Note problems and Americas unpayable debt burden with never ending resource wars on every continent. The worlds reactionary survival mechanisms will simply over power Central Banks ability to contain rapid and overwhelming fund inflows into markets seeking safe-haven status in the months ahead with powerful and highly connected big money entities controlling sovereign and strategic capital moving those funds into sheltered markets and US T-Bonds due to crises, monetary chaos and insolvency on a global basis.
I think there exists today by any good measure a 60/40 chance that the dollar is about to do the unthinkable and initiate a counter-trend move vaulting it much higher in value in what could be a multi-year bull run.
Obviously the implications for anything remotely associated to gold and silver and those stock related issues are of extreme importance under such an extreme scenario that most feel is virtually guaranteed to not happen.
V