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Wednesday and The Doctor Is In

Big Al
September 17, 2014

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147 Comments
    Joe
    Sep 17, 2014 17:06 AM

    And there it goes…. down, along with all the other PMs.
    See you at 1,000 gold…. sooner rather than later.

    The PM bull market is dead…. done…. move on or we’ll be seeing you at the poor house.

      Sep 17, 2014 17:50 AM

      Thanks for the comment Joe.

      As you can see we are not crazy people who don’t look at other avenues. We do!

        ditto………

        Sep 17, 2014 17:07 PM

        Joe, even after a dead bull market, there can be big rallies off the lows and there can be several of them, look at gold and the gold stocks in 1982 and 1987 for instance. What about the big rallies int he Nikkei for instance the in 1992/3, 1995, 1999, 2005 and the latest one in 2013.
        http://smartbetacore.com/uploads/00548Japan_Nikkei_225_Bubble_and_long_term_history_vs_DJIA.png

          Sep 17, 2014 17:18 PM

          I still have a little obsession with the correlation between gold and the Japanese Yen. Yen dwn, gold down for at least 3 years and they consolidated at the same time too. Very weird.
          Japanese Yen has broken down $XJY ons Stockcharts.:
          http://stockcharts.com/freecharts/gallery.html?s=%24xjy
          after a triangle consolidation broke down late last year.
          Note the big fall of the Yen started when gold’s big fall did, Sept 202 and the consolidation was mid-2013 as gold bounced after the June 2013 low, etc. Now gold has been hanging on by its fingertips as the yen is breaking down again.
          Isn’t this strange? There must be a connection. By the way the Nikkei is inverse to the yen and has been trying to break out but it is not rising as fast as then yen has been falling, unlike in 2012-13.
          What does Doc think of the yen and gold (and the Nikkei)?

      Sep 17, 2014 17:43 PM

      Joe, that is what the expert technical and cyclical guys are saying, at least for the next several years.

      Sep 17, 2014 17:14 PM

      Joe people like you are really annoying. We had Silver Fox (Lord Haw Haw) sometime back who was saying the same thing….no reasoning, just blather!

        Sep 17, 2014 17:41 PM

        I forgot about Silver Faux (Foe?)
        Here’s an exchange from the December buying opportunity, in which the miners were at a 267 week (5.1 year) low:

        On December 2, 2013 at 11:39 am,
        SilverFox says:
        Agree one hundred percent with you.
        Resource stocks are best avoided for some years! There is nothing, I mean NOTHING, no catalysts on the horizon to lift resource industry out of its current funk. However, I see two possibilities that could bring surprise to resource stocks:
        1) War breaks out (hint China)
        2) Someone invents an edible gold popsicle

        On December 2, 2013 at 12:03 pm,
        Matthew says:
        No dramatic catalysts are necessary. In addition to the fundamental drivers that were in place over a decade ago, gold can now turn simply because all the sellers have been depleted at a time when other sectors are flying high and starting to run out of buyers. Relative valuations and sentiment will turn the gold sector.

    CFS
    Sep 17, 2014 17:13 AM

    How could anyone believe the gold market is not rigged?

    Right after the NYMEX close it is taken down.

    100% PROOF POSITIVE of manipulation.

    Or as Big Al might say “1000%” guaranteed manipulation.

      Sep 17, 2014 17:50 AM

      Can’t disagree Professor!

      Sep 17, 2014 17:44 PM

      Cash, could it possibly be more sellers than buyers.

        CFS
        Sep 17, 2014 17:43 PM

        NO…….If it were simply more sellers than buyers, it would be reasonable to assume that sellers would spread their sales into high volume times in order to maximize the amount of money obtained by the sale. The reverse happens. Sales are clustered into times when the market has few or no buyers around, as if to deliberately have the maximum downward effect on price.

          Sep 17, 2014 17:55 PM

          I really don’t think fund managers care about opm. They simply want to unload, but that his jmo.

            Sep 17, 2014 17:43 PM

            Come, even I know how NOT to choose the worst times. It is not science but it is common sense. There is no extra effort to choose the later morning rather than early morning. Not like market hours are secret. Actually it takes more effort to choose a worst time than random dumping. It is also common sense to put sale into small chunks. I think all of these guys want to get management fee. Less they lose the more fees they get. Also the fact all the managers use the same worst selling tactic identically and at same moment every day is amazing. I have noticed that silver has been dropping toward the close of the market every day for the last few months. It cannot happy in natural market. Someone is going to trade it and make good profit. Same with smash at the open every day.

            Sep 17, 2014 17:44 PM

            I think someone is trying to tease us and prove that public is stupid.

          Sep 17, 2014 17:59 PM

          CFS…& that’s the truth.

      Jon
      Sep 17, 2014 17:19 PM

      Why would you play a rigged game?

      If you go to a casino and walk up to a rigged table and lose all your money should I feel sorry for you?

      The fact you “know” its rigged and you still played makes you either a sore loser or extremely stupid.

        Sep 18, 2014 18:51 AM

        Play it because gold is security against future financial trouble. It is the ultimate asset. They rig everything so if I avoid what they rig, I have to stay in cash. Then they can really destroy me by printing a lot of it. This is not by choice. Do I make sense? I am sure they prefer people like us go away.

    Sep 17, 2014 17:19 AM

    HANG DOWN YOUR HEAD……..TOM ……DOOLEYeeeee

    Hang down your head……. and cry…..

    Hang down your head…Tom…..Dooleyeeeee…oh boy….your bound to die..

    Well, Tom Dooley sold all he had and it was the large stash of gold.

    Not more than a year later gold went on to double in 1977 and by
    1980 Tom Dooley was singing his song for the rest of his life.

      Hang Ten…………..

      CFS
      Sep 17, 2014 17:37 PM

      So, What are your lyrics, HH?

      I’ve always sung:

      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      I met her on the mountain
      There I took her life
      Met her on the mountain
      Stabbed her with my knife
      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      This time tomorrow
      Reckon where I’ll be
      Hadn’t a-been for Grayson
      I’d a-been in Tennessee
      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      This time tomorrow
      Reckon where I’ll be
      Down in some lonesome valley
      Hangin’ from a white oak tree
      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      Hang down your head, Tom Dooley
      Hang down your head and cry
      Hang down your head, Tom Dooley
      Poor boy, you’re bound to die
      Poor boy, you’re bound to die
      Poor boy you’re bound to die
      Poor boy, you’re bound to die…

    CFS
    Sep 17, 2014 17:22 AM

    Joe, You need to understand who and why the gold price manipulation is for and its limitations.

    Understand, while it supports a strong dollar, it is NOT done for the purpose of keeping the dollar strong.
    I firmly believe it is for the purpose of making profits for bankers, and their trading desks.

    I absolutely believe it cannot go on indefinitely and has limitations. Indeed, I am and will bet millions on that belief.
    Do I know how low it will go and when it will turn? Alas, no. But it will turn around.

    The bull market is sleeping, but rest assured it will awaken.

      Sep 17, 2014 17:52 AM

      As it always has and always will, Professor.

      We are all intelligent folks and we have to be very cognizant of the present situation. Just bitching and getting angry does absolutely no one any good at all!

        bb
        Sep 17, 2014 17:39 PM

        What else is there for powerless people?

      Sep 17, 2014 17:35 PM

      CFS,
      That my dear professor – is SPOT ON! If you can remain solvent, keep your cash flow up and keep a level head – you will not only survive the coming changes – but prosper – UNLESS the government attack us with taxes and capital controls…if and when things come to a head…..gold wont be confiscated – your cash will be taken and your gold will be regulated, taxed and controlled..Can we win..I dont know…I just dont know…..

        CFS
        Sep 17, 2014 17:49 PM

        That is why I am severing my relationship with the US before year’s end.
        My precious metals have not been kept in the US.
        (Except for a few thousand oz of silver, which was just too bulky to shift.)

    Sep 17, 2014 17:27 AM

    “It’s a nothing day for gold today. It’s not trending down, its not trending up”

    IT’S TRENDING DOWN DOWN DOWN has been for three years

    Gold was unable to take out $1240 THREE DAYS IN A ROW
    THIS IS THE NEW HARD RESISTANCE

    What used to be we will know in two weeks is now we will know in six months.
    You say this is healthy? And this is coming from a Doctor?

    Unless this is Lazarus how sick does the patient have to get?

    Post FOMC meeting stocks heade higher, gold goes down

    QE IS ENDING. THE STOCKS CAN HANDLE IT. GOLD CANNOT.

      Sep 17, 2014 17:21 PM

      But just think of the big rebound coming in weeks or months or years? That is why I switched to the nasdaq early in the year and at least I am finally making good profits after years of gold losses.

    Sep 17, 2014 17:29 AM

    there is one more month of qe left, its over, finito.

    the stock market used to hate the end of qe, now the stock market is strong enough to deal with it.

    THERE IS NO REASON FOR GOLD TO GO UP ANYMORE
    I REPEAT THERE IS NO REASON FOR GOLD TO GOUP ANYMORE

    HH – Please write that on the board 100 times!

      Sep 17, 2014 17:36 PM

      Gold has been in an accewlerating downtrend, not like the gentle one to the $1240 low early this year. Looks nasty, however when it stops accelerating down yu are at a low!!!
      However, this kind of acceleration hasn’t occurred since early 2013, see here:
      http://stockcharts.com/freecharts/gallery.html?s=%24gold
      Yikes.

    Sep 17, 2014 17:34 AM

    the consensus was that this FOMC meeting was dovish and yet gold goes down.
    Green light for stocks, red light for gold

    HH is your indicator still flashing green? maybe you have yor wires crossed

    All thats needed now is for the legends at KWN, PS, JR, MF, and the rest of the usual suspects to admit it was all a pump and dump con!

      Sep 17, 2014 17:46 AM

      James, I highly recommend you make an appointment for
      a free consultation in their offices either with Matthew
      Or Birdman.

      I believe this matter can be resolved and brought to a
      final conclusion.

      Appreciation your business James and thank you for
      your cooperation. I have decide to take a leave of absence.

      Good luck with all your endeavors. :◆}

        Sep 17, 2014 17:54 AM

        Have a good rest. I certainly did last week.

        Bestr

        Sep 17, 2014 17:28 PM

        Matthew and Birdman in the same room together? Well if he drinks and smokes and curses blue moons we will get along great no doubt about it.

        bb
        Sep 17, 2014 17:41 PM

        We all get to feeling that way when our dreams get crushed. Good figuring James, you been sound reasoning for some time now.
        Keep it up.

          Sep 17, 2014 17:46 PM

          Yes, real sound reasoning, bearish at every low. 😉

      Sep 17, 2014 17:54 AM

      Thank you for not including us in the KWN category James!

        Sep 17, 2014 17:50 PM

        Err..usual suspects could apply, not that I am saying it does.

        Sep 17, 2014 17:40 PM

        I disagree with your attitude toward KWN, Al.

          ditto on the KWN……….

          CFS
          Sep 17, 2014 17:56 PM

          I first heard about Cayden on KWN, so it is worth listening to.
          Took me a couple of weeks to unload these last couple of weeks.
          But I did not need the Agnico Eagle.

          I wish I knew how ETFs and Mutual funds managed to trade big blocks and get good prices. Seems to me that sometimes when I just put in an order, it affects the market, even without a sale occuring.

            Sep 17, 2014 17:32 PM

            Because you are one of the only *real* people trading. The rest are machines. Your presence is unsettling the Matrix , CFS. Stop manipulating the miners!

            CFS
            Sep 17, 2014 17:29 PM

            That gave me a good chuckle, bird

            Sep 17, 2014 17:01 PM

            Me too 🙂

          Sep 17, 2014 17:56 PM

          I read KWN everyday Matthew….Celente, Craig Roberts, Ing, Fitzwilliam, etc. They’re only snobs who deny reading any pieces!

            Sep 18, 2014 18:54 AM

            I tried reading it Andrew. I really did. But when the conclusions they arrive at are wrong day after day after day after day after day……….you get a little bored. There is an error in their analysis. What I want to hear is a discussion of ideas that MAKE MONEY on the markets but these guys keep dishing out losses. I mean, this is like backing the Cubs for God’s sake. Sure, they will win the World Series one day but you will go broke waiting.

            Can you honestly say you NEVER have doubts about what is being spouted there? We are in a secular downtrend in commodity markets. We are fully engaged in a precious metals bear. Why can you not see that?

        Sep 17, 2014 17:53 PM

        Yes but you too Al could become a ‘legend’, ‘a renowned expert’, ‘a genius’, etc, etc!!

      Sep 17, 2014 17:34 PM

      James I am sensing that some of the gold bulls are finally getting worn down and even angry about all the constant hype from armchair gold generals who don’t care how much damage they cause with their relentless cheer leading.

        Sep 17, 2014 17:04 PM

        Lol only you can decide to make a trade or not. No one is making anyone buy gold. Analyst give their opinion and it’s up to each individual to decide who they think is right and who is wrong.

          Sep 17, 2014 17:36 PM

          Now I get to LOL Gary because you cannot figure out that I am not talking about the individual but rather the herd and its trend …..and that herd is becoming increasingly negative on the gold and silver sector. So what I am talking about is sentiment and mood, not individual choices.

    Sep 17, 2014 17:40 AM

    Mortgage Applications surge! So much for a dead Real Estate market
    CPI Flat – No inflation at all

    rising assets, lower inflation, higher employment the triple crown!

      Sep 17, 2014 17:56 AM

      The only thing about the real estate market that really scares me, because I have lived through it, is that lowering qualifications for some people is definitely not a good idea. It hurt us before and it will hurt us again.

    Sep 17, 2014 17:41 AM

    Connect the Dots!
    The more she talks the more stocks will go up and the more gold will go down

    Sep 17, 2014 17:52 AM

    HH I know the facts are a tough thing to swallow but try.
    Who should I make an appointment with Matthew or Birdman?
    At this time I believe they are opposite sides of the fence.
    Or should I just go to the one who I know will tell me what I want to hear?
    Like many others are doing!

      Sep 17, 2014 17:54 AM

      James, at least you have other opinions.

      Best regards,

      HH

      Sep 17, 2014 17:57 AM

      You or anyone else for that matter definitely should not listen to just people who they agree with!

    Sep 17, 2014 17:57 AM

    HH dont forget to check you wires and call up the bottom boys and make sure you heard them correctly

    Sep 17, 2014 17:00 PM

    HH You should take a rest. Go back to the drawing board.

    Since I am a computer programmer do you want me to reprogram your indicator machine? Maybe there is a bug in the code!

      Sep 17, 2014 17:09 PM

      Thank you James.

      I might take you up on your offer over a cup of
      coffee sometime. My treat.

      In the meantime enjoy the free consultations.

      I do hope you find the answers you are looking for.

    Sep 17, 2014 17:09 PM

    Did everyone notice a little sharp rise for the gold right before the smash? It happens a lot lately. We also see the market open smash and market close smash. It means someone is giving market direction at any major points indiscriminately. There is no bad news for gold and the FED decision and wordings are market and gold bullish. The gold market dropped immediately. Someone is determined to not let gold rise. However, more exchanges are going to open and gold will flow to where it is welcomed. Someday we will find not only German gold has been sold, all other’s gold has been sold as well.

      bb
      Sep 17, 2014 17:44 PM

      That’s only a maybe Lawernce.

        Sep 17, 2014 17:47 PM

        They will never come out to admit it. Jeff Christian said that FED found it is more effective to keep the market intervention secret. It adds fear to the market.

    Sep 17, 2014 17:15 PM

    What wrong with James. He sounds quite excited, not like an investor should be. Has he been like this before? Just curious.

    Sep 17, 2014 17:18 PM

    she is going to try to keep talking until the dow is up 100 points. right now it is 85 and climbing

    Sep 17, 2014 17:25 PM

    Having major trouble with my connection today. I am obviously missing all the action. Did Janet say something earth moving? I think you are right James about 1240 being the new ceiling. Tough break for gold.

    Sep 17, 2014 17:26 PM

    HH – Since you are referring to old folk songs from the 50s like Tom Dooley and adding your own interpretation i thought I might refer to a classic movie from the 50s – On the Waterfront

    What did Brando say to his brother in the cab? I coulda been a contender.

    If gold could speak thats what it might be saying

    Sep 17, 2014 17:28 PM

    Yellen speaks
    Dow up 55
    Gold down 8

    Keep the party going Priceless

      Sep 17, 2014 17:38 PM

      There’s nothing new about stocks up, gold down when the Fed speaks. Let’s see what the next few days hold, after the sheep have gone back to their routine.

        Sep 17, 2014 17:54 PM

        The Sheep and the Goats

        31 “When the Son of Man comes in his glory, and all the angels with him, he will sit on his glorious throne.
        32 All the nations will be gathered before him, and he will separate the people one from another as a shepherd separates the sheep from the goats.
        33 He will put the sheep on his right and the goats on his left.
        41 “Then he will say to those on his left, ‘Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels.

        And that is why the sheep go to heaven, Matthew.

          Sep 17, 2014 17:04 PM

          Ok… Anyway, I just bought GDXJ for the first time in a long time at 37.39 (I usually just trade options on it). I also just got an order for SGDM filled at 21.76.

            Sep 17, 2014 17:42 PM

            Come on Matthew, that was a quote from Matthew 25:32-41…it is your namesake chapter. I thought you would get a kick out if it. You know, Christs flock were referred to as his sheep and servants. It is a virtue to be in service of others. Keep that in mind when you mock them.

            Sep 17, 2014 17:43 PM

            PS….good luck on that trade.

            CFS
            Sep 17, 2014 17:31 PM

            Not advice, but listen to Rob at the Denver mining Forum 4 or 5 days ago:

            http://www.denvergoldforum.org/dgf14/company-webcast/MUX:US

          Sep 17, 2014 17:07 PM

          Great eternal wisdom….★★ Birdman★★ excellent’e

          Thank you and Bless you for sharing the truth.

          May you rise above and over come this world.

        Sep 17, 2014 17:00 PM

        I agree Matthew, concerning stocks – let us indeed see what happens the next few days. Indeed stocks losing almost all their day’s gains now close to the close.

        James, I do agree with you about gold – however, at least for today you spoke too soon about stocks (or you needed Janet to talk longer 🙂 ) ! To me, the pertinent factor for gold is the lack of inflation. Movements because of Fed speak, or manipulation as some claim, are just noise. The fact of the matter is few people in the West care about gold, or have any reason/need to buy it.

          DOES ANYBODY…………eat, drive a car, have insurance, have a kid in college, looked at the price of new cars, bought any lumber, paint, drapes, flooring, cabinets…….WHO SAYS THERE IN NO INFLATION……….COME ON………….

            Sep 17, 2014 17:19 PM

            JERRY….The Right Honourable Gentlemen , in the UK GOVT are trying to convince the people that inflation is only 1.5 %……..HAHAHA
            The only qualification one needs to take their seat at WESTMINSTER…Is to be a compulsive liar……or so it seems.

            Hello Irish,,,,,,,glad to see you are in fine spirits…….

            Sep 18, 2014 18:20 AM

            It seems to not matter whether we all think there is inflation. What seems to matter is that we are told that inflation is very low. All I am trying to say is the perception is that gold is not needed right now for any inflation protection. Until we start getting that perception to change, I believe gold will struggle. Whatever. But I will also say that if you look at prices the last 3 or so months of energy (esp. crude), corn, soybeans, and others, it is clear that currently there is little if any inflation (and actually dropping prices) in many staples. Certainly that will change someday, but right now it is a good reason to stay out of PMs for investments, and just keep them for “insurance” in the future.

      Sep 17, 2014 17:24 PM

      James, inflation is very low, try connecting the dots mate. The fed crave inflation to wipe out the US debt. There not getting any inflation after throwing 4 trillion dollars at it,for over 5 years.
      But, mark my words, they WILL!!! Succeed, by hook or by crook.
      The trouble is they won’t be able to contain it.
      All they have to do is reprice the Dollar to GOLD. By all counts your talking $7000 gold.
      Believe me, dollar up inflation down is a poison mix for the fed.

    Sep 17, 2014 17:35 PM

    Great comments Doc, especially about miners holding their own while gold might go a little lower. I agree.
    Btw, I’m one of those guys that Al is warning you about right now. On down days for the sector, I am accumulating miners (but I am NOT telling anyone that they need to do the same!). Everyone is either bearish or at least nervous; I have to buy.

      Sep 17, 2014 17:59 PM

      Matthew, I’m getting ready to add to the very few stocks I hold. They’ve not dropped much at all. I’m waiting until the end of Sept. (as I’ve said before) to consider getting into the stocks I sold on the last high—-that is the stocks I’m talking about.

    Sep 17, 2014 17:47 PM

    j….ootb, our ‘friend’ John Embry being interviewed by Greg Hunter.

    http://usawatchdog.com/gold-and-silver-end-game-here-john-embry/

      thanks………A………I will listen……..appreciate………………..j……..ootb

      Sep 17, 2014 17:50 PM

      Andy, he had to something to counter Sundays interview with Marty Armstrong.

        Sep 17, 2014 17:17 PM

        Totally agree Bobby. But as HH says some of his interviews in the past have been okay.

        Agree Bobby………Martin was a downer………….

          Sep 17, 2014 17:05 PM

          Hunter is a great reporter. I think Armstrong shocked him with his latest. You can say what you want about him but his timing has been very accurate. He paid highly for his accurate calls on PMS, all the pumpers including Sinclair have snubbed him.

            I can not say anything bad…concerning the fellow…..only he was a little bit of a bummer….Only time will tell……….Hang in there……….best…..j.

            Sep 17, 2014 17:49 PM

            I think they snub him because he says some really dumb things that would make a knowledgeable person think he’s a shill. And I’m not talking about his bearish views on gold.

            Sep 17, 2014 17:05 PM

            No question he is brilliant.

    Sep 17, 2014 17:47 PM

    Matthew BINGO that’s right there is nothing new about stocks up and gold down, before, during and after a fed meeting.

    CFS
    Sep 17, 2014 17:52 PM

    Completely off Topic, but I thought it interesting.

    See Table at:
    http://rt.com/files/news/2d/eb/c0/00/xcms_bst_dms_40365_40366_3.jpg

    If you analyze the table, however, I believe, Social justice as measured by the survey has excellent correlation with economic health and personal wealth.

    Strange, very strange. The spin on RT about the survey was anti-austerity, pro big government.

    Sep 17, 2014 17:18 PM

    The PM marked is not finished , I repeat not finished . TPTB in the west who are rigging this game are in panic mode. They are loosing the petrodollar game , the jig is up & they know it is only a matter of time, till all the power shifts to the East.
    Even here in the UK the muppets in Westminster are crapping themselves about the possibility of a yes vote in Scotland , can you imagine what will happen to the
    Holy British Pound if the Scots do the right thing. I agree with what Lawrence said above…..So I say to you all stop been so negative about the PMs market……..
    Remember the darkest hour is always before the dawn.

    Sep 17, 2014 17:19 PM

    Another one of life’s ironic moments in a century of them:

    Audit the Fed Passes House of Representatives
    By Megan Stiles on September 17, 2014 in National Blog

    SPRINGFIELD, Virginia – After a nationwide grassroots campaign led by Campaign for Liberty, the U.S. House of Representatives passed H.R. 24, ‘Audit the Fed,’ by a vote of 333-92 today. This marks the second time the U.S. House has passed ‘Audit the Fed’ as a standalone bill, after H.R. 459, introduced by Congressman Ron Paul, passed the House in 2012.

    “I am pleased to see the House of Representatives once again pass this historic legislation,” said Campaign for Liberty Chairman Ron Paul. “The support ‘Audit the Fed’ has received over the past few years has been tremendous. I urge Senate Majority Leader Harry Reid to listen to the American people and hold a vote on ‘Audit the Fed’ right away.”

    Sep 17, 2014 17:26 PM

    Anyone see the PM stocks get clobbered in the last 30 minutes of the day? I for one am very happy I wasn’t in them.

      Sep 17, 2014 17:32 PM

      Yes, I saw it and bought in the last few minutes of trading.

      Sep 17, 2014 17:53 PM

      We are all the way back to prices of last January of this year. Quite a reversal and not much more to go before we see gold equal with the start of the year. A 1222 close is really a low point but my hunch is we get a bounce back tomorrow. This one is pretty oversold and wound up tight.

        Sep 17, 2014 17:59 PM

        Yes, I was considering jumping in on the options for a bounce back but their prices were still pretty steep.

      CFS
      Sep 17, 2014 17:34 PM

      Don’t blame me, I was in there buying.

        Sep 17, 2014 17:07 PM

        You again! We should have known it.

    Sep 17, 2014 17:28 PM

    I happened upon a guy named Bo who was being interviewed on Kitco news back in May. He said based on a 21 year bull cycle which we are in right now, that Gold should finish 2014 at $2000. He also mentioned that Gold would bottom around the end of summer. Since the end of summer is fast approaching, thought I’d chime in with that bullish call. Hey I’m not sure where this guy came from, but apparently he’s a “cycles” guy… Anyone here catch his act?

      Sep 17, 2014 17:48 PM

      Ignore these forecasters. They know nothing unless they are insiders. But if they are insiders, they cannot give forecast.

    bb
    Sep 17, 2014 17:36 PM

    Was Bo he guy saying silver was going to 18.50 and that was the time to buy it?

      Sep 17, 2014 17:48 PM

      I guess so

      Sep 17, 2014 17:55 PM

      I donno, bb re Silver… I only know the interviewer states he called the bottom at 1180 and the top at 1900… Here’s the link:http://vimeo.com/95321069

        Sep 17, 2014 17:04 PM

        I think he called the top not sure about bottom. I know one of his bottom was 1320. However, he may have called multiple times. I called the top for silver on April 22, 2011 and gold on August 8, 2011 in our Chinese inestment site. No one cared.

        We might get to test………1180….tomarrow……….

          DOLLAR up…………the WAR drums are beating…………..

            BUT,,, IF War drums are beating….and they need silver to make bombs….Silver going higher……….IT takes 1500 oz. of silver to make a good bomb, I read that several years ago……………………………………

            CFS
            Sep 17, 2014 17:35 PM

            And I thought silver bullets were a good buy!

          Sep 17, 2014 17:24 PM

          My order might get filled tomorrow morning. I have been waiting for a week.

        Sep 17, 2014 17:40 PM

        Bo “Baloney” Polny called for the bottom in gold back in 2013 at $1321and for gold to never go below $1300.

        http://www.silverdoctors.com/bo-polny-gold-has-bottomed-at-1321-to-rise-into-june-5th-turn-date/

        A few months after his proclamation, gold fell over 10% to $1180. Right now we are near $1215.

          Sep 17, 2014 17:47 PM

          I forgot to add this to my post above. After gold went through his $1321 bottom call and fell to $1180, Mr. Baloney made another bottom call in gold. People use this call and say that he accurately called the bottom in gold. If they would have done some research they would have seen he previously made bottom calls in gold before that turned out to be wrong.

            Sep 17, 2014 17:08 PM

            Yesd, those bottom calls were rampant with the promo boys.

    Sep 17, 2014 17:54 PM

    I donno, bb re Silver… I only know the interviewer states he called the bottom at 1180 and the top at 1900… Here’s the link:http://vimeo.com/95321069

      Sep 17, 2014 17:58 PM

      Woops, sorry for duplicate post (heh)

        CFS
        Sep 17, 2014 17:26 PM

        I like the zinc in HL’s mines.

    Sep 17, 2014 17:21 PM

    Stink Geez, I am placing a bid of $2.49 for Hecla.

    CFS
    Sep 17, 2014 17:57 PM

    http://www.denvergoldforum.org/dgf14/company-webcast/CNL:CN

    For anyone interested……Continental Gold.

    CFS
    Sep 17, 2014 17:01 PM

    Those interested in South African PGMs might like to listen to:

    http://www.denvergoldforum.org/dgf14/company-webcast/PTM:CN

    Sep 18, 2014 18:40 AM

    Well Matthew….it looks like the bounce in precious metals I thought was due today is not happening. Silver has definitely broken down below its lows (a very, very bad sign indeed for gold, sorry to say). It is a rout that is underway, a technical breakdown that will eventually see gold priced below 1179.

    Sep 18, 2014 18:46 AM

    Question for Cory. I cannot access some of the threads. Some open and some don’t. Is your technical guy just screwing with me or what because that is three days in a row now.

      Sep 18, 2014 18:58 AM

      Second question…is anybody else having a similar problem or is this just me?

      Sep 18, 2014 18:16 AM

      The blocked thread by the way is yesterdays:
      KER Commentary –The Three Musketeers Weigh In On Today’s Market

      Serious question for Al and Cory….why is this thread being blocked from being opened? It obviously is opens for others as comments are being added but it will not let me access it.

        Sep 18, 2014 18:52 AM

        Bird, I had a similar problem in the past. I put my required name in large caps and for some reason it then let me in. I did the same for my e-mail address as well. I let Al know I was having a problem and they were looking into it but what I did seemed to solve the issue. I can’t give you a rational explanation but that worked for me. Doc.

          Sep 18, 2014 18:32 AM

          Thanks Richard. But the problem I am having is that the thread itself will not open. No matter how many times I try clicking it won’t load which is pretty strange because almost all the other ones will. So I think I am being blocked and meanwhile no response from Al or Cory so maybe that is my answer.