Weekend Show – Sat 11 Oct, 2014

Markets and the Economy

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Featuring:
Al KorelinCory FleckGary ChristensonPeter GrandichWendell ZerbMichael Belkin
Valentin SchmidRichard PostmaChris Temple
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Comments:
  1. On October 11, 2014 at 12:36 am,
    sfc says:

    Yup, can’t go wrong buying the Merchants of Death and Beltway Bandit stocks…the politicians in the District of Criminals will make sure of it.

  2. On October 11, 2014 at 2:44 am,
    Bill in Tokyo says:

    No one knows the future, but I think Belin’s correct that GDX may have bottomed. Wed we went up hard, then Thurs/Fri back down, but did not go lower than Wed’s low. As long as Wed’s low holds, it looks like a buy. I will buy a small starter positoin if prices start to go up on Mon, and scale into it if/as prices rise. TA-wise, the RSI was recently below 30, like in late May, but mainly it’s the price action of Wed-Fri. Might not go up, but if it does I’ll get on board.

  3. On October 11, 2014 at 2:46 am,
    Bill in Tokyo says:

    oops – misspelled Mr Belkin’s name – meant Belkin above – sorry Mr Belkin!

    • On October 11, 2014 at 7:23 am,
      Big Al says:

      Please remember Bill none of this is investment advice, only a sharing of opinions!

  4. On October 11, 2014 at 2:54 am,
    Jay says:

    Well it’ll be interesting to see how this plays out. The three musketeers have drawn their lines in the sand: Doc (and Chris I believe) say the bear is here, Gary is 100% that no way is the top in. Only time will tell but we haven’t had qe 4 yet and Institution money certainly hasn’t pulled from the sm s yet. Jpm et al are VERY short USD..

    • On October 11, 2014 at 7:25 am,
      Big Al says:

      Yes they have Jay, but opinions can cange based on the actions ogf others!

    • On October 11, 2014 at 9:32 am,
      Lawrence says:

      By Gary you mean Gary Savage? I am with Gary on this. However I have been waiting for a real correction, something like 15%-20%. Hope I am wrong so my gold/silver can get a boost. Money has to go somewhere and FED will accelerate printing. FED buys bond and money flows into economy.

      • On October 11, 2014 at 10:26 am,
        Big Al says:

        15% to 20% would be pretty dramatic Lawrence!

        • On October 11, 2014 at 10:37 am,
          Lawrence says:

          From the top I mean not from here.

  5. On October 11, 2014 at 2:54 am,
    Bill in Tokyo says:

    FYI buying GDX at Fri’s close of 20.77 is just 3.2% away (risk) from Wed’s low of 20.11. The more I look at this, again as long as Wed’s low holds, I think we go higher, and risk is manageable for a trade. RSI and MACD/PPO/TRIX are very deep, so the next big move is UP, me thinks.

    • On October 11, 2014 at 5:42 am,
      RICHARD says:

      Bill; I continue to follow the XLE and OIH. They continue to move lower and appear that the move isn’t over yet—–just FYI. Doc.

      • On October 11, 2014 at 1:42 pm,
        Bill in Tokyo says:

        Hi Doc, and thanks. This is going deeper than I thought it would. Have been and am in cash in this sector. The weekly RSI is now < 30, so maybe we get a multi-week uptrend soon (I hope). Will wait. Thanks again for remembering.

  6. On October 11, 2014 at 5:25 am,
    Gary says:

    Actually a divergence in the Russell hasn’t been a long term negative for the market. It usually leads to further short term losses but in the longer term it has lead to very positive returns. More than double random returns.

    • On October 11, 2014 at 7:54 am,
      Big Al says:

      Thanks and good point Gary.

  7. On October 11, 2014 at 5:44 am,
    franky says:

    SILVER STACKERS ! SILVER LOVERS ! A MAST LOOK YOUTUBE CHANNEL !!!!!!!!!!!!!!!!!!!!!!!!!!!! https://www.youtube.com/watch?v=JY3XVMpliU8

    • On October 11, 2014 at 6:06 am,
      franky says:

      GOOD CHANNEL FOR THE DAYS WHITE THE STACK !!!!!!!!!!!!!!

  8. On October 11, 2014 at 5:47 am,
    John Chew says:

    The REAL price of gold is RISING. THAT fact in the end will cause miners to rise. Sure, in the day to day swings in the stock market, the miners could get hit but they won’t stay down if deflationary forces help raise the REAL price of gold. So if the Dow is down 600 points, then sure some miners will be sold to pay margin calls, but over time miners are a spread business between input costs and output costs. Gold rising relative to crude, rubber, commodities, etc. The real price of gold is what matters.

    • On October 11, 2014 at 7:55 am,
      Big Al says:

      John,

      I completely agree with you!

    • On October 11, 2014 at 9:40 am,
      Lawrence says:

      I don’t believe in deflation when central banks can print at will. Otherwise we see an increase of wealth by no addition of labour. They can always print enough money to backstop the deflation force as they have done for last few decades. I cannot see them stopping. It is on overdrive for the last 6 years.

      • On October 11, 2014 at 10:27 am,
        Big Al says:

        Yes it has been on overdrive for the past few years, Lawrence!

  9. On October 11, 2014 at 6:22 am,
    allen says:

    Have a new appreciation for Mr. Grandich. Walking the Walk!
    Thanks for this segment.
    God’s blessings

  10. On October 11, 2014 at 6:49 am,
    Ron says:

    Thank you Al for having Peter Grandich discuss the real priorities in life. I know about this first hand as a person whose priorities were upside down for a very long time. Glad to know about Athletes in Action. We have a couple high school grand kids that are showing the type of talent that could take them to that much higher, and potentially professional sports level. We are concerned about the secular world tugging at their priorities. So wonderful to hear that at much higher levels in the professional sports world, that someone like Peter is able to speak to professional athletes. Does Athletes in Action have chapters for high school kids??

    • On October 11, 2014 at 7:30 am,
      Big Al says:

      Allen and Ron, Kathy and I joined you on that walk a long time ago.

      God bless.

      • On October 11, 2014 at 9:44 am,
        Bobby says:

        How come nobody wants Tebow?

        • On October 11, 2014 at 10:28 am,
          Big Al says:

          I don’t have a clue, Bobby

          • On October 11, 2014 at 1:45 pm,
            J........THE LONG....................OOTB says:

            Come on…………..the NFL….can not handle a Christian on TV…., that would get people to thinking….about SUNDAY….and that might cut down on revenue from the church goers……..When the church goer figure out who they are worshipping, and instead of stuffing the hot dog plate, …they decide to stuff the tithing plate….A battle of good and evil……………Johnnie Six pack only has so much money…..and a couple of twenties in the donation plate….is limited revenue at the hot dog stand.

          • On October 12, 2014 at 9:46 am,
            Big Al says:

            That is a very interesting point, In the Box.

            Actually, not so crazy!

            Thanks

  11. On October 11, 2014 at 7:00 am,
    J........THE LONG....................OOTB says:

    SEG 6 AND 7………GREAT COMMENTS…and insight……………….

  12. On October 11, 2014 at 7:14 am,
    J........THE LONG....................OOTB says:

    THANKS DOC for the report…………

  13. On October 11, 2014 at 8:09 am,
    Dick Tracy says:

    Have you noticed lately how many more people in the investment community are starting to see that conditions are ripe for a meaningful correction and these are people whose livelihood depends on the markets being sound along with their listeners who hold stock and want to hear the good news.

    I was reading this morning that in the last few days the markets have given up their advance for this year. Surely it can’t go on much longer?

    • On October 11, 2014 at 8:12 am,
      Dick Tracy says:

      Come on Mr. Tracy don’t be a doubting Thomas, be a bull on America after all isn’t the economy fundamentally sound, why of course can’t you see the signs.

      • On October 11, 2014 at 9:15 am,
        Big Al says:

        Your satire is better than mine, Machine Gun!

        • On October 11, 2014 at 1:24 pm,
          J........THE LONG....................OOTB says:

          You two….should do a comic strip…………DICK AND AL……., Dick Tracy and AL COMPONY

          • On October 12, 2014 at 9:41 am,
            Big Al says:

            Can you be the director In the Box?

          • On October 12, 2014 at 1:03 pm,
            J........THE LONG....................OOTB says:

            I have decided to forgo all offers…..unless it includes paid vacations of at least three months…….paid health and dental with no deductible and lifetime guarantee, and with no limits. Salary would be on commission basis, with a housing allowance of at least $5,000 a month, no, make that $7,000 I forgot the electric bill…..that is my offer , take it or leave it…oh, and I need a food allowance of at least $10,000 a month, to cover the out of pocket expense in case Polosi wants us to relocate to California….

          • On October 12, 2014 at 8:42 pm,
            Big Al says:

            Okay, but no red wine.

    • On October 13, 2014 at 3:47 pm,
      Dennis M. O'Neil says:

      Test

      • On October 13, 2014 at 4:20 pm,
        Big Al says:

        Glad to have you back, Mr. O’Neil, ESQ!

  14. On October 11, 2014 at 8:11 am,
    Big Al says:

    Hello again Ron,

    I just communicated with Peter and the organization you are looking for is called Fellowship of Christian Athletes. It is interdenominational.

  15. On October 11, 2014 at 8:44 am,
    bb says:

    I received an article about a week ago, came with a list of potential military investments, I guess their real profitable.
    I thought about it, then decided if someone wanted to make money investing in killing children they can look them up themselves.

    • On October 11, 2014 at 9:16 am,
      Big Al says:

      I happen to completely agree bb!

  16. On October 11, 2014 at 8:53 am,
    bb says:

    Couple things about seg 2 Might be common knowledge now.. The uae and Russia are closer to doing business without the us dollar.
    Forget which oil companies but I guess they have been pumping their wastewater and used chemicals into the California aquafurs.
    So funny to see these guys dumping water over their heads too.
    Who cares about water, “we laugh in the face of drought” lol

    • On October 11, 2014 at 9:18 am,
      Big Al says:

      People who don’t care about water need to have their heads examined!

  17. On October 11, 2014 at 8:54 am,
    Gary says:

    We are not entering a bear market yet. I explain why in the weekend report.

    http://blog.smartmoneytrackerpremium.com/2014/10/free-weekend-report-2.html

    • On October 11, 2014 at 9:59 am,
      glenfidish says:

      I guess we will have to agree to disagree. I believe we are seeing the current divergence like doc puts it in the equities market. It’s showing signs of vomiting. Like i have stated a billion times, after november 4th 2014, i expect the equities to go down hard. Of course just difference of opinions as the stars that i follow are getting very close to alignment.

      • On October 11, 2014 at 10:31 am,
        Big Al says:

        You are making a good argument, Glenfidish.

        Things have been so crazy, even I don’t know what to expect anymore. I am pretty convinced that in the short term I have to be very well informed and able to role with the punches and in the long term I have to stick with what I believe is correct for that long term.

        • On October 12, 2014 at 2:16 am,
          Skeeta says:

          I agree with Gary,
          Any drop in the conventional markets will be another great buying opportunity.
          This is not yet a time imo to buy and hold miners for the next gold top.
          If your nimble & can trade gold lows & sell into any strength then thats possibly another story (but that’s not me).
          I still think gold is headed down to the low 900’s at best…..if not lower.

          The next 12 months should be an interesting ride for all.
          Cheers.

  18. On October 11, 2014 at 9:00 am,
    bb says:

    Doc figures up we go in November, that swiss vote might have something to do with it.
    From what Im reading tho, the vote will be “fixed” to no.

    • On October 11, 2014 at 9:19 am,
      Big Al says:

      Please send me your sources.

      Thanks

      • On October 11, 2014 at 9:32 am,
        bb says:

        I didnt save them Al.
        All just conjecture anyway.
        The discussion is basically what would happen to the gold price and would the banks allow it.
        1700 tons in 5 years is what they would have to aquire, it would have an impact on price, there are also rumours of the sge running out of silver and maybe an attack on the comex.
        Not military just wanting dilivrey to drive them into default, which cant happen the contracts can be settled in cash.
        If all these things were to happen close to each other, we could get a spike in the PM prices tho.
        Maybe we even get the “next leg up”. a lot of articles recently of some big % increases in physical as well. 12.5 kg bars or 2.5kgs? up over 200% for example.
        Everyones read about the coins and small bars Im sure.

        • On October 11, 2014 at 10:32 am,
          Big Al says:

          Interesting conjecture, bb!

    • On October 11, 2014 at 6:27 pm,
      irishtony says:

      bb…I agree.

      • On October 11, 2014 at 8:32 pm,
        bb says:

        We’ll no by the end of December.
        Interesting these events coincide with Docs outlook.

        • On October 11, 2014 at 8:34 pm,
          bb says:

          oops November.

  19. On October 11, 2014 at 9:06 am,
    Catfish says:

    Yeah, Mr. Belkin discusses “the gold”. 😉

    When are you guys gonna do another segment on Bitcoin? You should try to bring on Erik Voorhees or Roger Ver.

  20. On October 11, 2014 at 9:19 am,
    Big Al says:

    Point well taken Cattfish.

  21. On October 11, 2014 at 9:21 am,
    bb says:

    Seg 3 Gary Christienson, sounds about right, I tend to agree, people can switch to sociopaths quickly when things don’t go their way, just imagine when they or their kids get hungry, they actually don’t have far to get there actually.

    Boy, farmland with water will sure look good should tshtf.
    Land/home out of the city etc., a couple dogs and firearms.
    I really wonder if anyone can actually imagine what it could turn out to be like.
    The powers that be could get the people begging for martial law.

    • On October 11, 2014 at 9:24 am,
      Big Al says:

      Bb,

      Unfortunately you have a point.

      Did you ever think that might be the bottom line?

      • On October 11, 2014 at 10:10 am,
        bb says:

        The powers that be are after complete control, I believe Doug Casey wrote about it a few years back, maybe George Orwell too? Not sure never read any of his work.
        The point being we have been warned repeatedly for years about it, Im sure Im not mentioning all, Eisenhower comes to mind.
        Anyway, I don’t see the people as informed enough to change our trajectory.
        Our polititians approval ratings still go up when we go to war for example.
        Rogers told us a few years back, “the next Lamborgini drivers will be farmers”
        The Huterites(farmers) around Calgary have more money than people can imagine now.
        This drought is going to get drier still, some scientists are saying its totally natural for this to go on for a hundred years for example. That’s pretty dry.

        People are going to kill each other for what seems less and less as time moves on, the best plan as far as I can tell, is just not to be around them.
        Other reasons would be ebola or isis attacks, how many more “hints” a person need?

        Here a little common sense, 80 Canadians are known to be fighting for isis, but they cant be aprehended if they come back to Canada because they have Canadian passports.
        Figure that one out.

        Farmland with water away from heavily populated areas will become more valuable than most can imagine.

        • On October 11, 2014 at 10:34 am,
          Big Al says:

          I don’t completely disagree.

          Look up Semiahmoo, where we live, some time. You will see that it is a pretty isolated community and very close, about a mile as the crow flies, from Canada.

          • On October 11, 2014 at 10:56 am,
            bb says:

            I have been there, launched a boat for fishing there a few times.
            Nice area.
            When I talk of people hurting each other, it will be mostly in high population areas.

            Awhile back, a fellow I knew was living with a man whose grandfather lived thru the depression in Germany. He could hardly walk, he went to see his grandson to tell him to leave the city, the grandfather was certain his grandson had no idea what was coming.
            The old man was adamant and serious, “get out while you can.”

          • On October 11, 2014 at 11:19 am,
            Big Al says:

            That is more than just a bit interesting, bb!

  22. On October 11, 2014 at 9:47 am,
    r scott hamilton says:

    Giant buying opportunity in quality stocks. But Wait till late october to buy. LLL level three is a defense stock i have traded before. Its involved in comunications include secure field radios. Again wait till this market drop is over. best of health and wealth to you all S

    • On October 11, 2014 at 9:53 am,
      Paul L says:

      There are 2 nasdaq stocks that I have been trading in and out each week with good gains and they have not been impacted by this correction. I took some nice gains the first 2 days of the week and decided to wait it out in cash as I saw a big drop coming but I could have continued making some good gains the rest of the week but wasted my time trading gdx for peanut gains.

    • On October 11, 2014 at 10:35 am,
      Big Al says:

      Thanks for the information, Mr. Hamilton!

  23. On October 11, 2014 at 10:20 am,
    glenfidish says:

    hui index minimum target and long term support at 168..Possibly in the next two weeks.

    gold/hui ratio at 0.15 with a long time support target of 0.13.
    gold/silver ratio now entering 72..My target has been 78/80 getting very close.
    A bit more work to the downside is what im reading and that includes all miners..

  24. On October 11, 2014 at 10:22 am,
    glenfidish says:

    Wanted to jump in on fridays action but dicipline wins over and patience. I have a rule. If the miners within my portfolio finish red towards the close and get close to previous bottoms, i shall not enter. Lets see what tuesday’s open brings.

    • On October 11, 2014 at 10:36 am,
      Big Al says:

      Or Monday’s in the U.S. for that matter, Glenfidish. (By the way do you happen to drink that (close spelling) kind of single malt whiskey!)

      • On October 12, 2014 at 7:26 am,
        Jay says:

        The 15 yr solera reserve is one of my all time favs! Highly recommend if you prefer a less peaty scotch that’s like drinking silk Al 😉

        • On October 12, 2014 at 11:20 am,
          Big Al says:

          Morning Jay,

          Kathy and I are headedto the symphony in a couple of hours. We typically have a drink first and I will try Solera 15.

          Thanks

  25. On October 11, 2014 at 11:15 am,
    glenfidish says:

    Al,

    Occasionally i do :).. I tend to give out more so for gifts. As a matter a fact tis the season is around the corner.

    yes your correct on monday us open. Could you imagine the miners dropping and canadian market closed and me with my hands tied at the disposal of canandian market open and gap down. That’s why i never set myself up for that kinda open. Just some thoughts that everyone already knows.

    • On October 11, 2014 at 11:21 am,
      Big Al says:

      Gotta tell you Glen,

      I am looking forward to this coming week in the markets!

      • On October 11, 2014 at 8:50 pm,
        Glenfidish says:

        Al, something big is brewing. Like doc says inflection point is here or whoever said that.

  26. On October 11, 2014 at 11:17 am,
    glenfidish says:

    I trade canadian side currently. Only canadian. Did well in 2008 with a double from currency appreciation and miner appreciation. Trying to set myself up for the same again.

    • On October 11, 2014 at 2:22 pm,
      Aida Norkis says:

      Just curious,Glen, where in Canada are you? I am in Montreal, read often but post rarely. The board is more pleasant these days since a few posters have disappeared.

      • On October 11, 2014 at 8:48 pm,
        Glenfidish says:

        Aida,

        Toronto.. I have family up in Montreal but circumstances have distanced us.
        I hope I add value to the forum. I post what I feel to help others if I can.

        • On October 12, 2014 at 11:15 am,
          Big Al says:

          Trust me Glenfidish, you are definitely a valuable member of our family!

      • On October 12, 2014 at 9:48 am,
        Big Al says:

        Unfortunately, I have to agree Aida.

        Thanks for being here!

      • On October 12, 2014 at 9:49 am,
        Big Al says:

        I have to agree with you Aida.

        Thank you for being here!

    • On October 12, 2014 at 7:16 am,
      Jay says:

      Glenn good plan 😉 if you CAN trade options via new York this has been the best way to hedge CAD miners I’ve found

  27. On October 11, 2014 at 11:30 am,
    Matthew says:

    I agree with Michael Belkin (Segment 6) across the board.
    I believe that a QE 4 announcement will be met with selling, not buying, in the conventional market.

    • On October 11, 2014 at 1:25 pm,
      J........THE LONG....................OOTB says:

      DITTO

  28. On October 11, 2014 at 12:42 pm,
    Dick Tracy says:

    What happened to Saddam’s or Ghaddafi’s, gold after the invasions. That would be a whodunit.

    • On October 11, 2014 at 1:11 pm,
      J........THE LONG....................OOTB says:

      GEORGE BUSH……….got Saddam’s gold…….how do you think he paid for the 192,000 acres he bought in South America or was it Central America.

      • On October 11, 2014 at 1:17 pm,
        J........THE LONG....................OOTB says:

        I would imagine he and Monsanto are going in together to raise GMO corn or what ever crop they decide they can pass off as food to the overweight public . ….when it says all beef burger corn feed,,,,,means GMO corn produced by Monsanto.

        • On October 11, 2014 at 1:22 pm,
          J........THE LONG....................OOTB says:

          The new terror plot,….. is the plot of ground the farmers have, that Monsanto wants the FAIR TRADE FARMER PARTICIPANT to till with the GMO BEAN…, under threat of cutting them off from the free market and trade with the USA.

          • On October 11, 2014 at 5:20 pm,
            Gator says:

            J…the long….here in Sanford….we used to have a corn festival and the sweet corn was melt in your mouth delicious…without butter…..then last year…the U.S.D.A. Bought the rights to the 600 acres the corn had been grown on…and now…the total land mass is planted with GMO corn…no more corn festival…because…the corn tastes like ..it..no one will handle it anymore…the USDZ contract is said to be for 10 years….

          • On October 12, 2014 at 9:40 am,
            Big Al says:

            Can you provide more info Jerry?

            Thanks man!

          • On October 12, 2014 at 1:09 pm,
            J........THE LONG....................OOTB says:

            Al………this is all info. I have picked up over the last 20 years…..or longer….The GMO for is for real……….and MONSANTO is not that hard to read about, there is even a current article at zerohedge concerning the FAIR TRADE PARTICIPATION.

          • On October 12, 2014 at 8:44 pm,
            Big Al says:

            Thanks, In the Box!

          • On October 12, 2014 at 1:14 pm,
            J........THE LONG....................OOTB says:

            GATOR……..how ya doing,……..All of Florida is going to be screwed in a few years over the orange blight …seems to be a new imported bug…that the orange growers are concerned with. Concerning the sweet corn….., most people do not even know what fresh corn taste like……..they have been eating horse corn being pasted off as sweet corn……what a joke……..

          • On October 12, 2014 at 8:45 pm,
            Big Al says:

            Got great sweet corn up here.

            By the way, the symphony was great!

        • On October 12, 2014 at 1:46 pm,
          J........THE LONG....................OOTB says:

          AL………..here is some additional info……..SEEDS-History Commons……….., if you find this on the web………You can go do n to MAY 26,1992….VICE PRESIDENT DAN QUAYLE and he was VP under BUSH………..should be interesting reading to bring up to speed………..

          • On October 12, 2014 at 1:49 pm,
            J........THE LONG....................OOTB says:

            OH, wasn’t Dan QUAYLE , PRES OF THE CARLYE GROUP , who just happen to Buy CHRYSLER in one of the Bankruptcies………..

          • On October 12, 2014 at 8:48 pm,
            Big Al says:

            And yey another good point In the Box!

    • On October 11, 2014 at 1:37 pm,
      J........THE LONG....................OOTB says:

      Chaney and Rumsfeld ,,,had to split the $3 billion in cash , that was skid loaded on a plane that was scheduled for delivery for IRAQ….., and the skid of cash is still missing to this day.

      • On October 12, 2014 at 9:43 am,
        Big Al says:

        Common Jerry! Got a source?

  29. On October 11, 2014 at 1:20 pm,
    chris says:
  30. On October 11, 2014 at 8:35 pm,
    Markedtofuture says:

    SGE Chairman: 2013 Chinese Gold Demand Was 2000t

    Koos Jansen Bullionstar.com

    This is the final blow for the ones who still couldn’t comprehend, after all evidence presented, the amount of Chinese non-government gold demand in 2013. At the LBMA forum in Singapore June 25, 2014, one of the keynote speakers was chairman of the Shanghai Gold Exchange (SGE) Xu Luode. In his speech he made a few very candid statements about Chinese consumer gold demand, that according to Xu reached 2,000 tonnes in 2013. In contrast to the Word Gold Council (WGC) that states Chinese gold demand was 1,066 tonnes in 2013. Xu’s speech has now finally been translated and published in the LBMA magazine The Alchemist #75.

    Xu’s statements once again confirm what I have been writing for months. SGE withdrawals equal Chinese wholesale demand:

    import + mine + scrap = total supply = SGE withdrawals = wholesale demand

    Let’s go through a couple of quotes from Xu:

    Data on China’s gold imports has not previously been made available to the public. However, gold has historically been imported through Hong Kong, and Hong Kong is highly transparent, disclosing details such as the number of tonnes of gold imported on a monthly basis. Last year, China imported 1,540 tonnes of gold. Such imports, together with the 430 tonnes of gold we produced ourselves, means that we have, in effect, supplied approximately 2,000 tonnes of gold last year.

    The 2,000 tonnes of gold were consumed by consumers in China. Of course, we all know that the Chinese ‘dama’ [middle-aged women] accounts for a significant proportion in purchasing gold. So last year, our gold exchange’s inventory reduced by nearly 2,200 tonnes, of which 200 tonnes was recycled gold.

    Continued…https://www.bullionstar.com/article/sge%20chairman%20xu%20luode%20chinese%20gold%20demand

    • On October 12, 2014 at 11:13 am,
      Big Al says:

      Thank you Markettofuture

    • On October 12, 2014 at 1:09 pm,
      Dick Tracy says:

      Markettofuture, Your right about The Chinese imports but let’s not fool ourselves about India, they account for another 2000 tonnes per year, and remember a lot of gold is smuggled into India even though The Indian government has reversed course the smuggling continues, demand is such that it can’t be stopped.

      • On October 12, 2014 at 8:43 pm,
        Big Al says:

        Interesting point, Machine Gun!

  31. On October 11, 2014 at 11:28 pm,
    Skeeta says:

    Thanks Al, Cory & guest’s.
    Yet another enjoyable listen this weekend.
    I don’t always agree with everyone’s views, but I do enjoy listening to them….plus its free (which is always a bonus).
    Cheers.

  32. On October 12, 2014 at 5:26 am,
    Chips Rankin says:

    Great program, thanks everyone!

    I especially enjoyed Belkin’s remarks. There’s an air of confidence in his voice that seems quite compelling.

    On the other hand, I recall others pointing out that markets can stay irrational longer than people can stay solvent. Did I get that right? I figure it’s a good week to review my investment axioms…

  33. On October 12, 2014 at 8:50 am,
    Dick Tracy says:

    Just like in the 1930’s but this time with an ironic twist apple salesmen instead of selling I-phones will be selling real apples wearing their mackintosh raincoats. Blue sky tech companies like facebook, twitter formed during and prior to the bull market days will smash, and now the unemployed will face the robot companies with their ever expanding share of the devastated market for jobs. This is not Ripley’s this is reality.

    • On October 12, 2014 at 11:17 am,
      Big Al says:

      Machine Gun, all I can say is I don’t understand why corrective measures are not taken.

  34. On October 12, 2014 at 12:09 pm,
    Dick Tracy says:

    Al, people are self possessed with huge egos, you see this especially in the government, it’s all about them and with those that have the power they are afraid to use it because they don’t want those sorts of decisions to reflect back on them.

    • On October 12, 2014 at 12:44 pm,
      Big Al says:

      Good point, Machine Gun!

  35. On October 12, 2014 at 12:32 pm,
    Dick Tracy says:

    I saw the director of the FBI on sixty minutes last Sunday and he was talking about computer hacking. Last week it was reported that Dairy Queen was hacked. Forget about the banks, universities, and all manner of institutions, this is something everyone should be concerned with. Like The FBI director said if you receive an e-mail and you can’t immediately identify it’s origins simply press delete , never open it up.

    • On October 12, 2014 at 12:44 pm,
      Big Al says:

      That is a long time practice of mine, Machine Gun!

  36. On October 12, 2014 at 1:19 pm,
    Dick Tracy says:

    Remember Cyprus, if you think paper assets are safe. It wasn’t a bail out it was a bail in.

    • On October 12, 2014 at 1:31 pm,
      Chris says:

      DT, forgot to ask you. What are your thoughts on Canada entering the war against ISIS? Also, out of curiosity, how’s the economy in Toronto? Here in Montreal it is going from bad to worse. Three of my neighbours lost their jobs in the same week. Seems Canada isn’t doing too well, regardless what our politicians are saying.

      • On October 12, 2014 at 1:57 pm,
        Dick Tracy says:

        Hi Chris, I ‘m a product of the sixties, I believe we should not be involved in foreign wars unless we are directly attacked. The people of The Middle East should be left to sort out there problems but unfortunately The West has created most of the problems in that region. Just like The Vietnam War once the invaders were gone Vietnam did not become communist they are like most people they want peace and progress.

        We have a phony economy in Toronto based on easy money going into construction jobs to build condominiums, once this cools and signs are now for the first time pointing in that direction, we are in real trouble. Our Premier Kathleen Wynne was in secret negotiations to sell The Liquor Control Board Of Ontario ( a cash cow ) because Ontario’s debt is bigger then all of the other provinces combined. Being a socialist she will blow through that 11 billion like it wasn’t even there and the debt will keep on growing. With all the building happening here I don’t see any industry only expensive places for people to live in who mostly have part time jobs and no benefits.

        • On October 12, 2014 at 2:09 pm,
          chris says:

          I do not like it one bit that Harper decided to fight ISIS. Gone are the days when Canada stayed on the sidelines and minded its own business.

          Thanks for the update on Toronto’s economy. It’s what I figured- the economy is slowing down everywhere. And with oil heading south, Alberta’s economy will follow. It’s going to be a rude awakening when the government tells Canadians they are on their own. And those fat pensions…. you can kiss them goodbye. Overpriced housing… kiss that goodbye as well. The days of faking our way to prosperity are over. It’s unfortunate but that is the way the cookie will crumble.

          • On October 12, 2014 at 2:54 pm,
            Lawrence says:

            I can see even Calgary starts to slow down due to less and less profit on oil/gas business due to lack of access to the world market. Alberta has great resource and very efficient production. However, our oil can only sell for $50-$60 so we are suffering. There seems no country wide effort to overcome environmentalists and natives from blocking the Northern Gate pipeline in BC. The Keystone Pipeline is also denied by Obama so we have to ship oil to the only market by rail. It is sad.

          • On October 12, 2014 at 2:56 pm,
            Lawrence says:

            The other problem is lack of refinery in Alberta. If we can refine the oil, we may be able export final products. Rail can be a viable solution.

          • On October 12, 2014 at 5:58 pm,
            bb says:

            Oil can be moved north Lawrence, to the deep water port Canada needs up there.
            Facilities for military vessels and shipping, we might need to build an entire city.

            I always thought they should not have even considered crossing BC, north is the answer, lets see if they do it.
            Your right about refineries in Alberta, that’s been obvious for decades, but why keep profits and jobs in Canada when we can send them south?
            At least it has finally been decided to start moving oil to our eastern refinaries.
            About time.

          • On October 12, 2014 at 10:01 pm,
            Lawrence says:

            bb,

            Nice to hear there is other choices. I thought BC is the land we must go through to get access to unfrozed port in the winter, Yukon might be another choice but heating cost for pipeline increase with cold weather. Do you know anywhere in the north that is nonfrozen? We have talked to the new premier about the refinery and he seems agree on that issue. However, pipeline is tough since BC is not open to business and quite happy to accept federal assistance which comes from Alberta anyway. We are helping new premier for election so our ideas may have his ears.

          • On October 13, 2014 at 12:05 pm,
            Big Al says:

            Please tell us about what you do, Lawrence.

            Thanks

          • On October 12, 2014 at 10:54 pm,
            bb says:

            Lawrence, I don’t know if ground anywhere in the north is “non frozen”.

            I did see a proposal for a pipeline north tho, we would have to build the port as well,
            I was just thinking it should be able to handle military vessels as well as tankers.
            We should at least be able to keep pirates away from ships in the area.

            Very interesting the new premier agrees with a refinery in Alberta.

            Coming from BC originaly, I saw nothing but opposition to a pipeline there, enough to make me believe the way to go was either straight north or north around BC to southern Alaska.
            I felt from the beginning time was only being wasted attempting to convince the people of BC to accept that pipeline.

          • On October 13, 2014 at 12:07 pm,
            Big Al says:

            Interesting, did not realize that negative sentiment was there, bb!

          • On October 13, 2014 at 2:27 pm,
            bb says:

            Al, HUGE negative sentiment, the exon valdis(sp) spill area has still not recovered.
            The people no the oil companies couldn’t give 2 tweets about environment or people for that matter, so they cant be trusted, in BC environment is just about #1, ever notice the license plates? Beautiful BC.
            Its gorgeous just about every where you go, the people don’t want to lose that.

          • On October 13, 2014 at 3:16 pm,
            Big Al says:

            I will grant you that. It is truly beautiful in B.C.

            I have spent a lot of time up there over the years.

        • On October 12, 2014 at 2:14 pm,
          Dick Tracy says:

          I don’t see The Chinese or The Japanese fighting ISIS, but I would like to see them involved in Africa helping to eradicate Ebola. China has a huge presence in The African continent building factories for profit and mining commodities all the while getting richer with no thought for the rest of the world or more importantly the health of The African people who they are exploiting.

          • On October 12, 2014 at 5:50 pm,
            bb says:

            Exploiting? DT. Thought thy were creating employment.

          • On October 12, 2014 at 7:11 pm,
            Dick Tracy says:

            bb, The Chinese have factories now in Africa where they mass produce the traditional African garments that were made by their own people, that is not creating employment that is destroying their culture and their way of life. If you live in Canada the jeans they sold at Mark’s warehouse in the past were made here but are no longer, our labor is to expensive but in Africa the labor is cheap but mass production destroys a way of life they depend on.

          • On October 12, 2014 at 7:14 pm,
            Dick Tracy says:

            bb, you realize also that these African garments made by their own people were handmade and labor intensive not cheap reproductions that produce the same garment in I/20th the time.

          • On October 12, 2014 at 8:54 pm,
            Big Al says:

            Good, no make the GREAT point, Machine Gun!

          • On October 12, 2014 at 9:02 pm,
            bb says:

            I know the issues as well as any layman, DT.
            I was just stating the opposite perspective.

            In Canada, (as you no) we have a lot of clothing manufactured in Pakistan Nepal india bangladesh etc, distributed by superstore or wal mart for example, Im sure you’ve seen the pics of the factories collapsing.

            The Chinese are only doing what we have for decades.
            Chocalate from the Ivory Coast for example was picked by child slave labour for years, they just had increases in production over there, anyone investing made money, how many kids die for those profits? The ceo’s gonna tell the truth about it?

            Capitalism is great isn’t it? Especially when we give our kids chocolate to celibrate our Christian holidays of easter and Christmas. Nobody thinks twice about such things, profit is what matters.

            I have a hunch tho that may change where water is concerned, the oil companies have been putting chemicals in the California aquifirs, towns already are out of water, and Hollywood pours buckets of it over their heads “challenging” others to do it.

            Our thinking will change, but not until we are forced to change it. imo

          • On October 13, 2014 at 10:11 am,
            Dan, calgary says:

            How about non-Christian holidays like Halloween, Thanksgiving or New Years Eve or Birthdays.

          • On October 13, 2014 at 12:21 pm,
            Big Al says:

            Chocolate on New Years Eve? Uhhh, okay!

          • On October 13, 2014 at 10:13 am,
            Dan, calgary says:

            Especially Valentine’s Day.

        • On October 12, 2014 at 8:51 pm,
          Big Al says:

          Remember Machine Gun, I too am a product of the sixties as is Doc. Maybe that is why we have similar views.

    • On October 12, 2014 at 1:51 pm,
      J........THE LONG....................OOTB says:

      DITTO ON THE BAIL IN…………..DT.

    • On October 12, 2014 at 8:46 pm,
      Big Al says:

      Of course I remember Machine Gun!

  37. On October 12, 2014 at 2:01 pm,
    Matthew says:
  38. On October 12, 2014 at 2:07 pm,
    Matthew says:

    Here’s a daily look at silver with the Andrew’s pitchfork:
    http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=5&dy=0&id=p75587223819&a=370667383

  39. On October 12, 2014 at 3:00 pm,
    Matthew says:
  40. On October 12, 2014 at 4:17 pm,
    HEAVYHITTER says:

    Here’s my Sunday contribution. We live in perilous times.

    Titus 2.13 Looking for that blessed hope, and glorious
    appearing of the great God and our Saviour Jesus Christ.

    14 .Who gave himself for us, that he might redeem us
    from all iniquity, and purify unto himself a peculiar
    people, zealous of good works.

    15. These things speak and exort and rebuke with all
    authority. Let no man depise thee.

    GOD BLESS EVERYONE AND MAY YOUR HEART NOT
    BE TROUBLED. Gods Holy Word is the good news. :◆}

    • On October 12, 2014 at 4:54 pm,
      J........THE LONG....................OOTB says:

      DITTO

    • On October 12, 2014 at 7:18 pm,
      franky says:

      THE FEGITS WAKE UP !

    • On October 12, 2014 at 8:58 pm,
      Big Al says:

      Well of course His word is the Good News.

      Are you down by Fashion Island, Big Canyon Golf Club and Woody’s Wharf?

      • On October 13, 2014 at 8:49 am,
        HEAVYHITTER says:

        Heading out to the desert Big Al. Maybe I will settle a few
        scores with Vegas too. If nothing else, the buffets would
        keep me there. HA…thats for damn sure !!!!

        • On October 13, 2014 at 12:13 pm,
          Big Al says:

          When will you be in Las Vegas?

  41. On October 12, 2014 at 4:53 pm,
    J........THE LONG....................OOTB says:

    GOLD UP 1231 …UP $8.8

  42. On October 12, 2014 at 4:57 pm,
    J........THE LONG....................OOTB says:

    Rickards at usawatchdog…………pay special attention to China and SDR AND IMF.

    • On October 12, 2014 at 5:49 pm,
      HEAVYHITTER says:

      Jerry, the writing plain as day carved out in stone.

      Looks like extremely volatile times coming.

      Hope you are doing well.

      Time to look up and hang onto gold. :◆}

      • On October 12, 2014 at 7:09 pm,
        franky says:
        • On October 13, 2014 at 9:54 am,
          Dan, calgary says:

          Lest We Forget… <3

      • On October 12, 2014 at 9:02 pm,
        Big Al says:

        I believe you are correct Heavy!

        • On October 13, 2014 at 7:28 am,
          J........THE LONG....................OOTB says:

          ditto………HH….and thanks for asking….And I hope everything is doing well in your camp

          • On October 13, 2014 at 8:57 am,
            HEAVYHITTER says:

            Thank you Jerry.

            Doing OK. Maybe we get a gold bull market going.

            Its fallin down so many times its wore everyone out.

            Only resolute gold bulls standing. Thats how it always
            is.

            They don’t call you…The Long….for nothing.

            One day the sun will shine on..old yellar…

            Take everyone by surprise. :▪} need to hang tough.

          • On October 13, 2014 at 9:22 am,
            J........THE LONG....................OOTB says:

            ditto

    • On October 13, 2014 at 4:56 am,
      Bobby says:

      Jer, the deflationists are out in full force this weekend calling for collapse. What will happen next?

      • On October 13, 2014 at 7:29 am,
        J........THE LONG....................OOTB says:

        Thanks Bobby….for the info….hope this week finds you well……………..j……

  43. On October 12, 2014 at 6:31 pm,
    James says:

    gold is moving up, silver too. Shorts getting roasted up.

    • On October 12, 2014 at 7:20 pm,
      franky says:
    • On October 12, 2014 at 9:00 pm,
      Big Al says:

      The morning will be interesting, James!

    • On October 13, 2014 at 8:41 am,
      glenfidish says:

      Didn’t you go short on friday? Did you cover?

  44. On October 13, 2014 at 4:59 am,
    Bobby says:
    • On October 13, 2014 at 7:24 am,
      J........THE LONG....................OOTB says:

      GREAT POST…………………..Thanks………

    • On October 13, 2014 at 9:14 am,
      Andrew de Berry (Rev) says:

      Celente’s the man – thanks Bobby.

      • On October 13, 2014 at 9:21 am,
        J........THE LONG....................OOTB says:

        ditto

      • On October 13, 2014 at 9:58 am,
        Bobby says:

        Andy…I haven’t seen him this agitated in quite some time.

      • On October 13, 2014 at 12:13 pm,
        Big Al says:

        He is interesting, Andrew!

    • On October 13, 2014 at 10:04 am,
      JMiller says:

      I have heard of Gerald Celente before but have never heard him speak, until now. Typical ranting and raving with name calling and a little misinformation thrown in. Acted immature and idiotic. Sorry if you guys think very highly of him.

      • On October 13, 2014 at 10:23 am,
        HEAVYHITTER says:

        Jmiller , Celente is an old time favorite around here.

        He’s pro gold and Italiana ….Martial arts champ too.

        Just know, he’s no light weight push over…by a…..

        LONG SHOT !!!!! do I need say more.

        Hell no !!!!

        • On October 13, 2014 at 10:29 am,
          JMiller says:

          That is nice HH but it means nothing to me.

          • On October 13, 2014 at 10:35 am,
            HEAVYHITTER says:

            Jmiller, your a sharp guy. I notice you do your own D &D.

            Watch those bonds though. Deflation is still a concern
            according to Warren Buffet. Sitting on $55B. in cash.

            Has plenty of hard assets though. He’s not betting the
            farm though on inflation.

          • On October 13, 2014 at 10:57 am,
            JMiller says:

            You are right HH about watching those bonds. Been reducing my holdings and buying a little more PMs. And as far as Gerald Celente, I took a look at some more videos with him and he did not act like he did in the above video.

          • On October 13, 2014 at 11:11 am,
            HEAVYHITTER says:

            Probably the wisest position is what your doing Jmiller.

            Depends on tolerance. Once inflation has run its coarse
            bonds will come back. My opinion would be over wieght
            gold and bonds down to 20 percent.

            Knowing when to sell is even more important.

          • On October 13, 2014 at 12:40 pm,
            J........THE LONG....................OOTB says:

            JM…….if you lost as much a he did when CORSLIM screwed him on his investment, you would be pissed too……………………………………just saying………….j….

          • On October 13, 2014 at 1:29 pm,
            Big Al says:

            Jerry, who is CORSLIM?

            Thanks,

            Al

          • On October 13, 2014 at 1:43 pm,
            J........THE LONG....................OOTB says:

            X….. GOV OF NEW JERSEY……….

        • On October 13, 2014 at 12:56 pm,
          J........THE LONG....................OOTB says:

          HH……………I AGREE WITH YOU……………….I think he could clean some clocks…

          • On October 13, 2014 at 1:33 pm,
            Big Al says:

            That would be whom, Jerry?

          • On October 13, 2014 at 1:44 pm,
            J........THE LONG....................OOTB says:

            Gerald Celente……………..BLACK BELT………….

      • On October 13, 2014 at 10:59 am,
        Bill says:

        Weighing in a bit late. Gerald loaded up on Gold at the top. He also lost his shit in Europe….Another doom gloom one hit wonder….
        AND the DOW is not doomed…not for a while.

        • On October 13, 2014 at 11:35 am,
          Matthew says:

          Gerald has been buying gold since the 1970s. Either way, what does gold have to do with his criticisms of the warmongers? How is reporting the facts “doom and gloom?” Can you not detect the police state that has grown around you???

          • On October 13, 2014 at 11:51 am,
            bb says:

            Gotta agree with you on that point Mathew, I don’t see reporting facts as doom and gloom pumping either.
            I have herd the same criticism many times tho, so much so I got to the point of “whats the point of saying anything?”
            I guess the majority can not differentiate between the 2?

          • On October 13, 2014 at 1:32 pm,
            J........THE LONG....................OOTB says:

            ditto……..Matthew……….

        • On October 13, 2014 at 12:49 pm,
          J........THE LONG....................OOTB says:

          Bill ……not sure you are correct on the LOAD UP AT THE TOP……….Gerold has been around before the top……I remember he speaking in 06, which is well, before the top.

          • On October 13, 2014 at 12:50 pm,
            J........THE LONG....................OOTB says:

            he………..should be him……….but, it is the same guy……….

          • On October 13, 2014 at 1:31 pm,
            Big Al says:

            Have your daughter proof your comments!

            How is she doing at university?

          • On October 13, 2014 at 1:33 pm,
            J........THE LONG....................OOTB says:

            STRAIT A’S…………….thanks for asking…………but, she sure did not get her smarts from me………………j……….

          • On October 13, 2014 at 1:37 pm,
            Big Al says:

            My sentiments exactly!

          • On October 13, 2014 at 1:37 pm,
            J........THE LONG....................OOTB says:

            I should have had her proof read……………A’S…..how about ALL “A”s

          • On October 13, 2014 at 1:39 pm,
            J........THE LONG....................OOTB says:

            That just goes to show you what kind of education you get from a BIG TEN UNIVERSITY IN THE 60’S

          • On October 13, 2014 at 3:09 pm,
            Big Al says:

            which one, Jerry?

          • On October 13, 2014 at 4:16 pm,
            J........THE LONG....................OOTB says:

            INDIANA UNIV….BLOOMINGTON…….BOBBY KNIGHT TERRITORY..

          • On October 13, 2014 at 4:21 pm,
            Big Al says:

            Right down the road from Greencastle, if I am not mistaken!

          • On October 13, 2014 at 4:37 pm,
            J........THE LONG....................OOTB says:

            A lot of great schools in INDIANA……………..

          • On October 14, 2014 at 10:04 am,
            Bill says:

            You have to know when to sell. Alex Jones and all the rest of them continued to pump gold at a major major top. They are no investment advisors or analysts. There’s a handful on the planet that are any good. When silver reached 95% + bullish sentiment that spearheaded the top of the bull. DoeS every time. These metals are momentum plays not real investments. I could go on for an hour why. Most should know the reasons. I’d never sell my commercial business. On the other hand gold is is blowout at a certain point. I bought 2001. Gerald didn’t. He was still touting at he top that a finacial colamitty was just around the corner like many others. What’s the % from the top on the metals now? Coppers faired better and outperformed big time.

          • On October 15, 2014 at 7:06 am,
            J........THE LONG....................OOTB says:

            Bill………..investments change from time to time……….Pm’s are investments, they just have a different time cycle…….Go back to 1971…….see what ROI is on the investment , you call “not an investment”………….BTW, who ever said ALEX JONES WAS AN EXPERT……………………….

          • On October 15, 2014 at 7:08 am,
            J........THE LONG....................OOTB says:

            Diversification…………

          • On October 15, 2014 at 7:10 am,
            J........THE LONG....................OOTB says:

            What is the BOND return today……vs 1981……I do not see bonds going to 22% return anytime soon…..

      • On October 13, 2014 at 11:43 am,
        Matthew says:

        Most people would agree with you, JMiller. Most would also agree with your view that inflation is natural. Which reminds me of a quote…
        “The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority.” 
– Henrik Ibsen (1828-1906) Norwegian playwright, theatre director, and poet

        • On October 14, 2014 at 6:43 pm,
          JMiller says:

          And that is all it is, just a quote. Not always true.

          • On October 15, 2014 at 10:02 am,
            Bill says:

            J the Long. Actually good is a counter measure to desinigratying governments. It’s also a momentum play. When momentum dies so does it for years. Warn Buffet buys investments not Gold. Investments are for the long haul and have a yield. Gold does neither. Alex Jones is just another fear pumper t push people into a train that eventually hits a brick wall.