A Market wrap with Chris and Gary – Tying the markets into gold
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Yes Gary something very bad is coming No only the minners don’t worry you will see ! What denial and bank fraud will dow ! The elite never stop ! Diss will by a new world !
Good show today AL !
Day send you children to Iraq for NOTING ! You think day care the market HA HA HA ! OnLy obey don’t ask question ok ! Day will make a nice one don’t don’t THINK ISIS ore ISIL ore alibbaba and trust TV ! you will see you will see
Shanghai is planning to launch future and option trade to capture gold pricing power.
HI, someone was talking about that Mr. Rickards was predicting that gold would be confiscated in 2024 and burried in Switzerland. It actually is Mr. Rickards political fiction not prediction. relax. Here it is :
http://dailyreckoning.com/a-glimpse-into-the-year-2024/
“The following article describes a fictional dystopia in the spirit of Brave New World or 1984. It is not a firm forecast or prediction in the usual analytic sense. Instead, it’s intended to provide warning, and encourage readers to be alert to dangerous trends in society, some of which are already in place. Thank you.]”
Thanks, interesting!
Mr. Rickards talks a lot and writes interesting books, however, suggesting the G20 would agree to confiscation or destruction of gold is his second strike out.
(His first strike out was Long Term Capital Management, circa 1987)
The G20 includes China and Russia neither of which countries would agree to annihilation of gold.
Rickards in this regard is simply wrong. (Even if he is just inflating a trial balloon.)
CFS, he said he is not predicting. It is political fiction aimed at waking poeple up. See the disclaimer. Same as the book 1984. We should treat as it is, be alert
I like this platform with multiple round tables as it gives all the speakers some interesting points to respond to. Sometime people built upon what others said, and didn’t all have to explain the same news clip 2 -3 different times, as it was already brought up in the panel discussion. Sometimes it will still be good for isolated commentaries, but often a panel round-table gets the elephant in the room on the table for discussion.
Thanks for your input Shad!
Just a thought, but I wonder what Rick Ackerman’s thinks about deflation of agricultural commodities how will this effect will effect farm producers and their co-operatives. Now we have another serious problem for the government printing presses how do you stop farm owners from going bankrupt, why you simply print money to bail them out especially if you have a population living on food stamps. All of a sudden you could see all these rural banks going belly up. Time to blow another bubble but it better be done carefully before the bubble machine self destructs.
The rural banks could be the real Black Swan waiting to take down the whole financial system.
OH!, OH!
Yes the rural banks very well could start the domindominos! Something will!
An interesting situation is about to occur in Europe.
Over the next 3 years an EU directive mandates the elimination of some 40 pesticides and herbicides…..supposedly to get cleaner water.
IN FACT, the unforeseen consequence will be the death of any no-till farming and thus more expensive food.
One pesticide which was eliominated this year, a neo-nicatinoid, which has been used to soak rape seed in order to eliominate a beetle problem, has reduced rapeseed production already trhis year.
A local farmer planted early to get ahead of the beetle and lost his crop to frost, replanted, and has lost 60% of crop to beetles.
He will vote, if given the chance, for UK to leave the EU. He is simply fed up with over-regulation.
Neonicatinoids kill bees CFS. That is why they are being banned. The risks of failure to the pollination of major crops has been proven beyond doubt. We should commend the steps that are being taken. If anything, the ban should be accelerated as these pesticides endure in the environment for up to a decade after the last application.
Interesting, Mark Zuckerberg delivered speech to students of Qinghua University using Chinese for half an hour.
Nah, Lawrence…he’s just speaking pig latin to them….:) …in Mandarin. 🙂
I am worried about gold. I am worried about silver. I am worried about the miners. I am worried about the conventional markets. I am worried about the foreign markets. I am worried about the economy as things seem to be slowing down. I am worried about everything.
A big glass of high quality red wine’!
sfc,
I’m more worried about the job’s & standard of living prospects for young children of today.
What a selfish society we have become overall.
Personally I’d rather the necessary pain hits us sooner rather than later.
I’d rather take some pain than kick the can further down the road & cause future pain on the kids of today who are not at fault of our excessive promises to society made in the last few decades.
Skeeta……Very well put.
Skeeta,
That is a great point as eventually this house of cards will come crashing down. It really is a question of pay now or pay later!
Agree. You need more booze sfc. A lot more booze and all the troubles will go away.
As of this morning it doesn’t look like I will need that hedge.
If you all agree then whats the point..??
Agree with what Sally?
Looks like Gary’s “Fed’s got your back” analogy in full tilt today 10/23. Dow up 200/Gold down a few bucks. Although conventional market looks oversold based on $NYMO.
You better hedge gary because imho we have entered a bear market !!
Very little chance of that IMO. We have almost none of the conditions that typically signal the beginning of a bear market.
I don’t know how to make of it, silver does not follow gold today. There is also report saying silver eagle demand for October is 20% higher than last October even the number is only for the first 20 days of October. When this month is over, the demand could double last year’s. Canadian silver maple leaf is also more than last year with 2.5 more month to go. Obviously people do not just buy paper PM.
Demand up price down. It is totally against any economic law. In the four main markets – RE, Bond,PM and stock, government is doing God’s work in all of them. I have been in North america for 28 years, I never saw anything like this.
Correction, 27 years
No GOD MAN ! EVIL WORK ! COOL IS THE WAY ! I will go walk !
This is not the way capitalism is supposed to work and if government intervention works, former USSR and Communist China would have turned out to be big successes. Free market capitalism is the only way. Current intervention will make some people super rich and make most people poor. I am not sure why people allow this to happen.
Now central planners have taken over so no more freedom ! In Europe dis is the way fore more dan 30 years ! Day will monopolize al we have long live usurppers and slavery to corrupte BANKS !
Because they are very concerned about the consequences, Lawrence.
Good lord. GDXJ getting slaughtered even more. This id brutal.
Bludgeoned into a bloody pulp….but it still did not break down below support. Very puzzling. I guess we will wait for a verdict on Monday. Maybe more blood will be coming then.
Gold or the conventional markets, Bird?
Correction ‘IS Brutal’.
AL ! We note the only 1 how loves Wine ! http://www.infowars.com/canadian-pm-draws-fire-for-reportedly-drinking-wine-during-ottawa-shooting-briefing/