Minimize

Welcome!

Chris opines on the current gold market.

Big Al
September 22, 2014

Click download link to listen on this device: Download Show

Discussion
37 Comments
    CFS
    Sep 22, 2014 22:56 AM

    Palladium looks like it might test $800.

      Sep 22, 2014 22:59 AM

      I remember it used to be $137 a few years ago. Just like anything, the guy buys at the top can only blame himself.

      Sep 22, 2014 22:32 AM

      Thanks CFS, really enjoyed the clips.

    Sep 22, 2014 22:31 AM

    This is off topic but our government is now revoking the passports of Canadian citizens who go abroad and join foreign fighters. That is something I am in favor of.

      Sep 22, 2014 22:31 PM

      Me too. Machine Gun!

    Joe
    Sep 22, 2014 22:32 AM

    This “secular” bull move in the PMs is DEAD!
    Won’t come back for years.
    Hope you PM bagholders are patient.

    CFS
    Sep 22, 2014 22:35 AM

    I pity your future, Joe.

      Sep 22, 2014 22:41 AM

      Well Joe is right. The bull market ended a couple years ago. This is no longer just a cyclical correction along a bigger trend. It is a full blown bear and it is not yet finished.

        Sep 22, 2014 22:33 PM

        Secular implies long term and I don’t agree yet, Bird.

        When I was an undergraduate, long term was five years or more!

          Sep 22, 2014 22:15 PM

          So Al, would say that we are at the very least in a cyclical bear market in gold but that it is to early to determnine if we are in a secular bear market?

          Sep 22, 2014 22:30 PM

          Al is right. The secular bull market trend is intact.

            Sep 22, 2014 22:53 PM

            That is a prediction, not a fact Matthew. Tell us the same in hindsight.

            Sep 22, 2014 22:10 PM

            No, it is a fact. Ihe prediction is that it will remain intact.

    bb
    Sep 22, 2014 22:56 AM

    Wouldn’t surprise me that gold goes down/sideways for 20 years.
    Maybe silver does something due to industrial.

    Sep 22, 2014 22:59 AM

    Good sign for the metals…..seems that there are more bears on this site now than bulls….bears being led by that 600 pound grizzly called birdman……

      Sep 22, 2014 22:37 AM

      Can’t hurt to be a bear site for one week out of the last 200 now can it? Not to worry, you will get a bounce in metals soon enough. You can all celebrate then but at a lower price level and a lower ceiling.

      Wing ding….party on. To da moooonnn!

      Sep 22, 2014 22:35 PM

      Not Bearman Gator, BIRDMAN

    bb
    Sep 22, 2014 22:31 AM

    Funny Gator, JJ got chased away by HH and got Al/Cory to admonish Bird, but Bird JJ and a couple others have been absolutely correct for……how many years now?

    Gold is emotional for a lot of people and they don’t want to hear anything other than what they think, reality has nothing to do with it.
    Gold is like a religion to some people, “I believe what Im told and I don’t care about anything else”.

    I for one appreciate the sound reasoning that Bird and others have provided over the years. I also appreciate the work Doc does for example but lets be honust, we will know more in a week or two.
    Bird has constantly told you not only that gold is going down but why.

      Sep 22, 2014 22:39 AM

      Thank you BB. I really appreciate that.

      Sep 22, 2014 22:52 AM

      birds of a feather…….

        Sep 22, 2014 22:17 PM

        Two against 50….sounds like fair odds to me.

        bb
        Sep 22, 2014 22:29 PM

        Got nothing to do with “birds of a feather” gator.

        I will disagreed with bird instantly when I disagree on an issue.
        But when a guy is consisantly right I will say it. This has nothing to do with guys on one side and guys on another side, it has to do with which way to invest.

        Bird, you gained my respect long ago, like myself I don’t care who thinks Im wrong or disagrees, not like we are having tea or my future depends on anyone.

        I just hope you guys keep contributing, I wonder if this site can survive actually, with so much gold pumping eventually people have to stop reading it.

        Had they been honust and mentioned maybe its time to short for awhile, people might be more inclined to believe when they say its time to go long.

        Physical is so easy, 5% of investible income, no worries whatever it does, tradeing, whole nother thing.

        Anyway, thanks for all your input Bird, and no matter what people say I often times get a good laugh, (sometimes a belly splitter) with discussions you have with people.
        Again, thanks for all your conrtibutions.
        I doubt if Im the only one that has noticed, probly most people don’t post.

          Sep 22, 2014 22:38 PM

          Thanks again bb. Actually I am thinking of giving it up. The bulls are all stupidly painted into a corner already and will never relent or change course. To do so would be to admit they were wrong for so many years on end. What guy can possibly reconcile himself with that? So they will just keep going off the cliff in a group. That’s what makes a market though! On the bright side they are creating the conditions for the next great buying opportunity so I really should thank them all for being so stubborn and bullheaded……honestly….I should really encourage them more! 🙂

      Sep 22, 2014 22:33 PM

      Gold is MOST emotional for Bird, bb. He was very nice just days ago, but that has happened before, so I knew it wouldn’t last. He’s a nasty beast that shouldn’t be allowed on any forum anywhere. But that’s just my opinion. 😉

        Sep 22, 2014 22:43 PM

        But gold pumpers should be encouraged instead maybe? This is not about being nice or not nice, Matthew. Your calls have been terrible all along the way and I know that now after reviewing so many of your past posts. This is not emotional for me at all. I sold at the top and got out. Been short ever since. Nice trade…..but you keep pumping pal. The site seems to appreciate the hope you offer even if it is diminishing returns.

          Sep 22, 2014 22:36 PM

          Does it really take more than a single digit IQ to understand buy low/sell high? You missed every rally since you first came here 18 months ago.

      Sep 22, 2014 22:14 PM

      Hey…bb…..LISTEN UP…….real good….too…

      Start doing a 360 ….turn around and get out
      of my face with the gossip.

      NO MORE BB….you understand.

      Enough…is enough. STOP !!!!!!!!!!!!!!!!!!!

      Not going to go over this again. ITS OVER….done.

      Now be a gentleman and close the file.

      Thank you. ok, lets keep the peace if you want to
      continue posting here.

        bb
        Sep 22, 2014 22:41 PM

        HH, what meds are you on?
        Just wondering, I don’t care really.

          Sep 22, 2014 22:26 PM

          Hey…bb…..I’m a member of Club Med.

          How did you know. Regardless bb I will
          see you around. We have much debating
          ahead. That’s what it looks bb.

          We need more whippin boys here. You keep
          flappin and accusations keep coming, just
          remember bb I won’t be to far behind.

          I can’t think of anything more fun than
          you provoking me.

          You want a piece of me bb…keep it up.

          My name in your posts are off limits.

          THATS A FINAL….BOY. or its show time.

            bb
            Sep 22, 2014 22:26 PM

            HH, showtime? How much ya sellin tickets 4?
            ooops, your name my post.
            Make it interesting, or best ya can anyway.
            Gotta find something interesting around here.

            Sep 22, 2014 22:56 PM

            bb…I know….however accusations against
            me in your posts is where the real rubber
            meets the streets in here. That can end here
            and now or we can enjoy your new knee pads.

            Thats up to you bb. We can be friends or you
            can be in debate with me all the time.

            We can BS just as long the accusations end now.

            What’s it going to be ? Seriously lets be friends.

            Ooops don’t cut it you slippin on banana peels.

            Keep the past…past….lets move on now. OK

    Sep 22, 2014 22:55 AM

    If all the gold bears on this site believe, that gold is in a multi- year downtrend after all the money printing the insane central banks have done since 2008. Then I have a couple of bridges over the river thames in London to sell them. I’ve got a nice palace too.
    Face facts- 1 if the economy ever takes off properly inflation will soar = Gold soaring.
    2 if the economy dives, deflation becomes a massive problem.as a last resort they re -price Gold, at say $7000.

      Sep 22, 2014 22:19 PM

      Hunh? Gold IS in a multi-year downtrend. So is silver.

      Sep 22, 2014 22:52 PM

      Goodwill point, Ian.

    Sep 22, 2014 22:06 PM

    Perhaps being 74 and having worked successfully in the business world for 40 gives me a bit of insight you ‘mumblers’ don’t have. I have no idea whether the PM bull market it over or not! It does not matter….hey, it does not matter at this time!!! We
    are living in a world of financial warfare…Western side of Atlantic (Fed and Banks) and the Easter side (Gold/Silver hoarders…and socialist rulers)….a battle of paper currency vs. gold/silver. It is a war until one dies, collapses and fails! That is where
    we are…..not charts, not PM experts, not Mr. ‘K” or any of his guests, not any of you. It is completely a currency war and nothing more….the last man standing wins! I
    am hopeful it is PM’s!

    ‘simply said’
    wyn

      Sep 22, 2014 22:54 PM

      Great point Wyn!