Election Results and the Markets
Hour 1:
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Hour 2:
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Hour 1:
- Segment- 1-2: Congressman Walter Jones discusses the implications of the results of the very recent election, and he explains executive orders.
- Segment 3: Glen Down, Chief of Staff to Congressman Walter Jones, provides more commentary on last Tuesdays election results.
- Segment 4: Chris Martenson of Peak Prosperity discusses the lack of free markets and what that means for the public.
- Segment 5: Dave Zgodinski, opens up our eyes to the renewable energy sector.
- Segment 6: Peter Boockvar, Chief Market Analyst for The Lindsey Group, tells why he feels the bottom is in for gold.
- Segment 7: Dan Oliver, President of the Committee for Monetary Research and Education, speculates on the future of precious metals prices.
- Segment 8: With the help of Doc and Chris Temple of The National Investor we provide a market wrap and some strong opinions on the future of Obamacare.
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They’ve been predicting a major crash in the stockmarket for several years over at Zealllc have they not?
Also wouldn’t gold stocks go down with all other stocks in such a massive crash? We saw an example of that this past October when gold and silver PM stocks when down along with everything else.
Bob – can’t fault Zeal’s predictions other than their being premature!
Morning Bob,
I would lime to think that the resource sector is a bit unique. Is my head in the sand? Maybe, but I am who I am and I can live with that!
ditto……..on the first three segs……………….j
boomers better wake up before 2016
Kind of too late to wake up now. There is no solution. With this level debt, social problem and highly distorted economy, people have to accept a severe drop of living standard for a generation to restore the old prosperity. Hard for people to make that kind of decision. I think the modern economic theory is the root of the problem.
Lawrence…..it is never too late……….There is a solution,….it is call an AWAKENING.
Once, you know what is wrong, stop talking about it, and do something about…..DEBT IS SLAVERY………personal and governmental . And since, I was talking about the TWO HEADED SNAKE, which has gotten us into this mess……Knowing just that should be a WAKE UP CALL….You are either a lender or borrower, slave or free, ..and since the govt is now over 50% of the problem, it would be a good time to reverse this problem.
Lawrence, I have to agree completely with Jerry. That is also what Congressman Jones said!
I don’t think people will accept a lower stand of living. They will panic, angry and throw out old politicians and get new worse ones. However politicians are the facilitators and people love to live beyond their means. Economic theory has to change. We should rely more on creating wealth instead of creating illusions.
Great comment, Lawrence!
Lawrence………wake up……they are going to have a lower standard of living anyway
Lawrence….People like to pretend……..until they can no longer pretend,…. when the repo man shows up or the landlord boots them onto the street……………
Agree. but regardless what, reality will set in. But I find people, regardless where they live, cannot take a decisive action without clear leadership. This leadership is missing in both US and Europe. I feel Ron Paul’s approach has to be implemented, slowly, so US has to swallow its price and contracts to focus on its own business and takes the country back to its root. Otherwise it will hurt everyone in the world.
pride not price, sorry.
PRIDE COMETH BEFORE THE FALL……….
I think we reached critical mass (both nationally and internationally) over a decade ago, and now what we’re seeing is the acceleration of social, political, fiscal and monetary malfeasance on a global never before experienced in human history. How long can it go on? It’s hard to say other than we are literally living on BORROWED time–and the debts are overwhelming.
Those who think things are going to get better with the Rs now controlling the House and Senate forget that Bush’s ‘recovery’ was a jobless recovery and his undeclared war in Iraq started on false pretenses which was of great cost to America in every way but delivered no strategic benefit in any way. It was because of that, that Obama was elected. In short Americans were so offended at being hoodwinked that they threw out the Rs in the White House Senate and House because the Ds promised “Change we can believe in”. I suppose what some were hoping for was that the Ds would undo what the Rs did, but instead they let all that slide and gave us ObamaCare. Now the Rs are offering us “change’ yet again!
So let me predict the same thing about the Rs that I predicted about Obama’s during his first run for president: Nothing will be undone, and nothing good will happen to improve the lot of everyday Americans who work hard and play by the rules–because the only rules these charlatans play by are K-Street’s rules notwithstanding the public persona of elected government.
BTW, clearly Rand Paul is not Ron Paul. Those who pay attention are witnessing easily political ambition eclipses one’s so-called core values.
Great comment bj!
Not sure that I would agree about Rand quite yet though!
As of 1980 to this day, I already did accept a lower living standard at the hand of market prices and manipulation and fraud. At age 20 to 54 I had to put my life on hold because of low pay and financial crime in the investment markets not to mention real estate hyper inflation. When it comes to making a sacrifice I have done my part. Where is my reward? Stolen by Jews and their fans for? In the name of God and Jesus Christ, never again!
In my view it is not time for more sacrifice on my part, it is time for justice to be done one way or another. It is time for the criminals who rip off investors, rig markets, real estate profiteers, crooked and El cheapo bosses and all their fans for and protectors to be sacrificed.
“people have to accept a severe drop of living standard for a generation to restore the old prosperity”
I would disagree. We just need a new industry to push us into a new productive phase. Similar to how the personal computer and internet created a productive phase.
Plastics and electronics did the same thing in the 50-60’s.
The automobile and mass production in the 20’s
I would agree with most of what bj has said…………..MY thoughts again……THE TWO HEADED SNAKE, Which is the DEMOCRATE/REBUBLICAN……can not deliver us from anything…………A TOTAL CHANGE MUST OCCUR………..and RAND IS NO RON….a THIRD PARTY IS NEEDED…, or the next second party , because the so called two parties we think we have ……….are the ONE snake with TWO HEADS……..
Oh yea Jerry, a lot of people better wake up!
Al, commenting to reply here because I can’t directly below it.
Rand Paul endorsed Mitch McConnell in the primary. McConnell is the antithesis of honest government and responsible spending, and personal freedom and privacy and individual responsibility..
As they say, “birds of a feather…”
Hope he gets a good chairmanship out of it cause because it will take a lot of soap to wash his hands of his McConnell endorsement.
Thank you bj!
Yes rand Paul is no Ron Paul, I supported and voted for Ron twice, only to see him roll over a try to join the establishment GOP. Then hushed up bolster Rand
Three ditto at least, Jerry!””
Morning Andrew,
Don’t know about the stock market, but I certainly have an opinion. It is overpriced and not free market. Where is it going? Ask the puppeteers!
Neocons? I completely agree with Congressman Jones. Sometimes it is embarrassing to be well known as a conservative!
Al once upon a time I was a conservative and then I found that conservative was a code word for communist, liberal, spendaholic and politically correct criminal. Everything to the left of the conservatives is just more honest about the same problems they share with the conservatives. I am interested in what is good for me and my race AKA white people. That puts me near or in the white nationalist camp which is out side of the known political spectrum.
Only color based politics I am still hearing is for black people. I assume it is because that they are weak economically and politically. It is odd for me to think some movement can represent a whole race since race is not a organized group. You can see that the conflict among same race is probably more intense than among different races, e.g. USSR vs Germany, same with China vs Japan. On a bigger trend, the world is mixing all together. A thousand year from now, there may be no way to tell who is what race. I don’t know what you can do with white nationalist except staying as an idea. It would be better to do something for your country or your family.
Open your eyes Al, the world’s money is going into us equities. NOT PM’S liked we all hoped, the market has a lot of room to inflate further. Don’t be blinded.
Chris Martenson as sound as a pound (of gold) as always. This am on Farming Today they were speaking of the scourge that is Japanese knot-weed. It was introduced from Japan to the UK in 1825 as an ornamental plant. Today the thing is playing havoc in many British gardens and homes, being able to grow through concrete as well as being incredibly difficult to eradicate completely. Tiny spores can spread in the wind or float down stream (riverbanks being a place where knotweed is often found) to reap their mischief elsewhere. Perhaps a comparison can be made to the suicidal Japanese economy. Before long everything and everyone will come to experience the knotweed effect.
For all those naysayers who’ve been crowing over gold’s further correction of late, Don Oliver (reminds us (as though we need reminding) that the dollar’s in a bubble, while gold alone remains a stable reference of Value.
Dan Oliver, Andrew, and yes he certainly does! He is a very bright guy!
I am going to do a free conference call tomorrow morning for anyone who would like to learn a little bit about cycles and my views of where I think things are headed. I’ll post the details to my blog a little later today.
Thanks guys. Interesting bit from silverdoctors here too. http://www.silverdoctors.com/
It can’t be because I suggested they go all the way and drop silver to a quarter per ounce which was the low price in the 1930s.
No more time for REPUBLICAN Bull………..all the same……get some tea party people in the news stream……..NEED SOME BULL MOOSE………or HornY OWL PARTY.
Certainly need some real common sense, Jerry!
I am getting very tired of power hungry politicians.
Now this makes sense.
http://armstrongeconomics.com/2014/11/08/metals-perpetually-suppressed/
the article is good up to a point…………”.bullish LONG TERM”…he quotes,
I am not sure I(totally) agree with him on the HUNT BROTHER’S situation……, but, a good read………………….thanks……………………………….j……THE LONG….
BTW…..did you get my note on franky’s post of the 8 part series from Barnhart….?
No, there are many posters on this blog that I just don’t have time for.
I AGREE 100%…….but, you might want to watch the video…….concerning the derivatives……….since, it all ties together.
Bobby,
Some of Franky’ s posts are pretty good!
I wrote Marty off in his first paragraph-the markets are free n fair.
Marty must be threatened with isolation in the hole with that drivel.
Armstrong should have named that article- Every market is manipulated except the precious metals.
The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare
Posted on November 7, 2014 by Martin Armstrong
The manipulation of markets and government by the money-center banks has been off-the-hook. Matt Taibbi‘s November 6, 2014 article is worth the read. I have been fighting for free markets for decades. The truth cannot remain hidden for much longer. http://armstrongeconomics.com/2014/11/07/the-9-billion-witness-meet-jpmorgan-chases-worst-nightmare/
Listening to Armstrong is not easy especially you like logical thinking. I definitely think he knows more than he can talk about. It is better to keep his prediction in mind and make sure if his predictions come true, you can prosper, at least not wiped out. There is an interview by Vancouver based Howestreet.com I feel very enlightening, unfortunately, he avoided answering question about gold. One reason for gold declines he was hinting is the dollar strengthen due to carry trade from Japan and Europe. Unfortunately I fail to agree since on the balance side, you shoul see gold rises on the other side of carry trade, i.e. in Yen and Euro, which has not happened. Well, nothing is perfect.
http://talkdigitalnetwork.com/2014/09/this-week-in-money-155/
The Financial Times is reporting that UBS has agreed to settle charges against it by the UK’s Financial Conduct Authority that it engaged in the manipulation of the gold and silver markets. While it may come as a surprise to chart wranglers like Trader Dan or interminably hot air windbags like Dennis Gartman and Martin Armstrong that gold and silver are manipulated by the big bullion banks, UBS has de facto admitted to such illegal activity.
This comes on the heels of a £1.5 billion pound ($2.4 billion) settlement agreement (to be announced Wednesday) that includes UBS, Barclays, Citigroup, HSBC, JP Morgan and RBS connected to charges of foreign exchange market rigging.
If these banks are rigging forex trading, it means that they are de facto rigging gold and silver.
I’m wondering if part of the $40 move higher in gold on Friday was driven by insiders – i.e. the banks – who knew that the UBS gold/silver manipulation settlement deal was going to be announced by the FT today (Sunday, November 9).
Where’s Bo?
Not sure where Bo is but maybe he called the big move yesterday:)
A lot of people called it. He has been calling it for an awful long time now and that’s okay.
One day does not a trend make.
Absolutely correct, Bobby.
That is exactly what Doc said! And I do happen to agree. This could be a bottom, but let’s see.
Bo diddly.
So will anyone else if they keep listening to these predictions.
Bo has sold all his gold and NUGT he bought on margin and buying Tesla as it looks so cheap and has bottomed.. Remember when he was asked how he knew the bottom was in. His reply was ” I just know” and he acted weird. The long term charts for gold show gold bottoms in the 800 to 1000 area.
I really don’t have any comments about Bo!
Thst article is complete bs
He must selling his own brand of bs
Big Al, did you buy more silver yet? How much are you going to buy? Are you going to buy rounds, coins or bars?
I still think you give us three days notice. After all, you and Cory are more powerful than the Hunt brothers.
Silver up 33 cents yesterday. Did Big Al buy the day before? Or is it up because people know Big Al is going to buy?
Not yet Ebolan.
Probably this week and I usually buy rounds.
How many and from where?
SEG 5……….RENEWABLE ENERGY………..will never be a money maker till BIG OIL IS OUT OF THE PICTURE………….
How are things in Florida?
Not in Florida……..until it gets colder………….I am watching the leave turn, and plan on chasing the turkeys off the table………but, thanks for asking………..
J….THE LONG…. how much colder do you want? Been in the 60’s at night..to frikin cold to be on the pontoon…..need the high 80’s back….anyway..get your arse back to Florida in time for the Fl.State game…..support the Gators……Best to you and family.
Gator………thanks for the reply……hope everything is ok in gatorland. UofF. is going to eat their lunch in the swamp. Best to you and yours………..j……………
Obammie just nominated Al Sharpton for AG
Heard Obammie had the new prices for Obammie care withheld until after the election.
Look for amnesty for all the illegals and cap-n-trade by executive order soon.
Then in 2016 look for the Demoncrats nominating Shillary and the Republowcons nominating Jebby Bush.
And the national debt is now 18 trillion? What will it be in 2016? Prolly over 20 trillion. And of course that’s a fraction of the unfunded liabilities.
Is segment 7 a repeat?
That would truly be thd straw that breaks the camel’s back!
Of course I mean THE
Shouldn’t’ t be!
Thought I heard it on Friday.
You did, we posted it early for the “family”.
GOLD MARKET ALERT!!!
Suspect move!!!
After Market Quote GLD: 277.174 shares at 113.06
After Market Quote GDX: 17.175.439 shares at 18.64
After Market Quote GDXJ: 8.203.076 shares at 26.04
All peoples that make a living trading paper financial assets better start looking for future employment opportunities:http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/11/9_Dr._Paul_Craig_Roberts_files/Dr.%20Paul%20Craig%20Roberts%2011%3A8%3A2014.mp3
Yes,…its KWN..but if you are a PHD in economics and you have any of your mind solidly in REALTIY AND YOU ARE NOT ON THE TAKE..:)…..I might just llistened to you for an alternaitve rational of thinking that Dr. Roberts.
SD………..EVERYONE BETTER GET A handle on ……..DTCC AND CEDE company……..these are where the assets and all stock certificates land, if you do not have them in your personal possession ………….
LISTEN…LEARN…UNDERSTAND AND PREPARE…..IF NOT -YOU WILL BE CONVENIENTLY THROWN OFF A CLIFF BY GREEDY UNSCRUPTULOUS PEOPLE….. YOU ARE DULY WARNED…..AGAIN…:)
I just listened to the first hour segment. I found it quite amusing.
Mr. Jones, I have some questions.
1. Are you aware that the constitution you swear to uphold is the constitution of the corporation ? The act of 1871 changed the constitution ” for ” the people to the constitution ” of ” the people, which created the corporation. You are a corporate officer, Sir.
2. The executive orders are given to you corporate officers to adhere by. Obama is your boss. He is UN-impeachable by you and the defacto government that you are in.
3. All this talk about democracy is stupid. This great nation was designed to be a republic. History prooves over again and again that the life span of a democracy is only 75 years. We are controlled by an alogarchy.
If you want to help our county and be a statesman , do this:
(A) repeal the act of 1871
(B) get rid of the BAR attorney’s , judges and courts. BAR- British admiralty rule.
Go back to common law
(C) go back to the gold standard and stop suckin the hind titt of America. We’ve been debt slaves to the Ponzi scheme long enough.
Wish I could have done the interview and would certainly like your thoughts on these issues.
Regards
this is what I Call being …..AWARE………., thanks for the post…………j……..
Excellent points chartster.
I have always thought it interesting the republic tries so hard to promote democracy.
I have to agree with George Carlin, voting only makes a person responsible for the criminal acts, not voting says you disapprove of them.
I’m voting for Jesse Ventura and judge Napolitano in 2016. I hope they run as independents it’s the only hope this country has got. The Clinton/Bush crap has got to go!
Your kidding, right!
I’m all ears if you got someone better
You never know Bobby!
Jesse Ventura looks good, I don’t know Napolitano.
Situation is, I think, is the guys that run things are unelected.
I don’t really believe it matters much who they allow to be president.
The lesser officials have even less influence.
Its a fascist police state, pretty embedded now.
I agree, we need to insist going back to paper ballots. With electronic voting, ” it’s not who votes , it’s who counts the votes “
Seems to be that way!
Thanks Bb I was pretty impressed with the Judge when I met him in Dr Paul’s ofice a number of years ago
bb…..jessee ventura ????…guys a freakin nut case…..just keeps getting more wierd with each interview…..
I just cannot agree with ventures views on religion and the church
Bobby, I don’t know Venturas view on religion and church.
But he does ask questions publicly about Vietnam etc.
I don’t think he gets as much exposer as Ron Paul did, so he is pretty much ignored as far as I can tell.
I cant see his views on anything mattering much, but at least he is not already bought and paid for. At least I don’t hink he is but really, how would I know?
It really does not matter what the people think, as twain said, if voting mattered, they wouldn’t let us do it. Its already been decided so all we can do is wait and see who it will be.!
You nailed it, Chartster. Expect every Obama supporter/Marxist/Neocon/Fascist to say “your” kidding. To say they’re all clueless (or worse) is axiomatic.
Obama care is a first step towards a real single payer national health plan. Its imperfect but a clumsy early step. All the other big countrys have a national health plan and we will too. I never liked the current legislation, buts its a start. congress wont be able to repeal it over a veto of Obama. love to all S
Exactly correct
Gold’s price action looks decent on the weekly chart.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=5&mn=3&dy=0&id=p04191648784&a=375393141
Silver is going to outperform oil for years.
http://stockcharts.com/h-sc/ui?s=$SILVER:$WTIC&p=M&yr=20&mn=0&dy=0&id=p32694551671&a=374029009
Matthew, Richard Russell saw gold’s move on Friday as a very bullish sign for both metals., A
Hello Andrew; I have to agree with Russell based on the action (even though there are technical reasons to remain cautious).
GDXJ priced in gold just plunged 44% in 17 weeks in its only waterfall decline (of this scale anyway) of the entire bear market. It was also the largest 17 week decline —despite the fact that the starting point of the decline was already 68% below the 2011 high(!!!). Combined with the massive record volume, this is just the sort of action that convincingly puts an end to a multi year downtrend…
http://stockcharts.com/h-sc/ui?s=GDXJ:$GOLD&p=W&yr=4&mn=11&dy=22&id=p98791954267&a=375553409
…However, there a lot of bears with a lot of conviction at a major low, just as convinced bulls dramatically outnumber the bears at a major high. So we should expect some more wild volatility strait ahead as bulls and bear battle. This COULD result in action like this (arrows):
http://stockcharts.com/h-sc/ui?s=GDXJ:$GOLD&p=D&yr=0&mn=6&dy=11&id=p21183720068&a=375556404
As gold peaked in 2011, it plunged before heading strait to a slightly higher high. We might get the opposite of that action now.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&st=2011-05-09&en=2011-10-01&id=p11893923482&a=375558171
Here’s GDXJ’s waterfall priced in dollars:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=6&dy=11&id=p74392273615&a=375559987
In dollars, GDXJ plunged 52% in 17 weeks after already declining 70% since 2011.
Total decline: 85.6% in 3 years, 7 months
Has Russell ever seen anything but bullish signs, Andrew?
Mat, I cant see how those charts say anything about silver outperforming oil.
I hope someday somebody standardizes charts.
Whats .202 supposed to mean?
That chart is silver priced in oil, not dollars. The problem is that you can’t read charts; not that charts need “standardizing.” Similarly, there is a problem with your understanding of money (think interest rates and study!) and not a problem with using gold as money —but I digress.
Silver plunged 68% vs oil in 33 months and is now close to resuming its uptrend that began near .10 (one ounce of silver was worth one-tenth of a barrel of oil).
We will see silver valued at one barrel of oil again. Until then, silver’s relative outperformance of oil will be very good for the miners.
Big picture, oil remains rangebound.
http://stockcharts.com/h-sc/ui?s=$WTIC&p=M&yr=20&mn=10&dy=0&id=p57323642539&a=375436964
I’m sure everyone here knows about the sardines, seals and Sharks.
Think about it regarding yesterday’s gold move.
Maybe the light will go off in your head
if you swim with sharks, you better seal your can of sardines.
Great one Jerry!….HAHA
+1…LOL
+ 2!
Good to see you back Rev.
Thanks however one house prospect has just fallen through, although a better prospect is now on-stream! A
I think the bottom of gold is going to be in within a week or two. Thank God, cause if it keeps going, I’m going to develop a condition.
P.T.G.B.S.D. ( Post Traumatic Gold Bottom Stress Disorder )
I’ve heard a strong shot of bourbon can help you of you’re suffering from PTGBSD.
Only if it is really good bourbon Chris!
Excellent advice!! TY Dr. Chris
Keep calling those bottoms, boys….someday within the next 10 years, you will be right. No bottom until there permà-bulls puke. Meanwhile keep buying till you are broke.
It will be very evident to all when the mega wash and then the mega bounce happens. No mistaking this bottom. It’s coming real soon too. You’ll see
Out of curiosity, Chartster, what area do you think it’s going to bottom? If we’re talking about a big washout, I suppose it’s going under $1000.
Maybe 650.
567
Anything is possible
A final drop / flush out will not happen in the next weeks though imo.
To knock the miners and gold bulls into total submission needs a longer drawn out slow death….6? 9? 12 months?
That should do it….it may well take that long.
The next 12 months will be very interesting, at least on my eyes.
Lets see how this pans out.
I think you are correct, sketta
I think between 5 and 600. Don’t laugh, it’s coming…
Do you think a stock market crash is going to happen as well?
Not until we double from here.
Not sure about double?
I’d give it at a minimum another 30% though Bobby.
Pretty nice head fake on Friday too
Notice how the calls of gold manipulation went completely silent as gold climbed in price ???
Why is that ?
LOL.
not true. Manipulation will not stop because there is one day rise in so many days. Wait for more manipulation or intervention as government call it.
Don’t laugh too early.
So then Lawrence, educate me.
If gold sporadically plummets nearly 40 bucks for no apparent reason its all about manipulation then ???
But…
If gold sporadically rises nearly 40 bucks for no apparent reason then its not about manipulation then ???
Sorry, but I can only shake my head in disbelief at people who both believe & invest in that theory.
You cannot have it both ways mate.
You could run a little psych 101 study: Take several graphs, both up-trending and down-trending. Then flip them vertically and adjust the Y-axis (price) but not Time or Volume. Ask people to look at a chart and rate the probability that there was manipulation.
Very possible both are manipulation but you don’t have to believe in anything. Not all up and downs have to be manipulation either. Even manipulated down trend can have rallies. I admire some people’s courage that they think gold fall due to market trend and still hold gold. I can fight manipulated down trends but but not natural ones since manipulation can work in short term only and natural down trend may stay there for a long time. If gold should go down when central banks hyperinflate their currency, by all means short gold. However, you look back at history or you use your common sense, when you print a lot of something, its value goes down. It is a natural rule. There is a lot of evidence that BIS/FED has increased gold supply (paper and real) to dilute gold. It is a participant who should not be in the market and not for profit. It is to benefit governments not the people. We people should try to protect ourselves. Otherwise you cannot complain when you find out your hard earned mony all gone one day. If you were in Zimbabwe and Weimer, you would be glad that you owned gold. You look at the long term gold chart, it has increased from $35 to over $1000. At sametime, the money supply also increased with similar multiples, it is not by accident.
Lawrence,
I’m sorry, but how the World views the $US is a world away from how they viewed currency in Zimbabwe or the Weimer republic.
The sooner you realise this…..the sooner you’ll make more money.
Maybe a pullback 10% , or maybe a blastoff. That’s a tuffy right now. Certainly not a crash. It all should start this coming week. Very pumped for the move!
This move coming should have been last week according to the cycle. Can’t quite understand what the pause was.
http://www.zerohedge.com/news/2014-08-12/deflation-hits-oldest-profession-world-hookers-numbers
How much for 3 minutes?
Good link.
Thanks, Savage is pretty highly thought of.
The Catalan vote.
Rev, if they do vote for Independence, I wouldn’t be surprised if we see major unrest in Spain. The Spanish government has already stated that the vote is unconstitutional.
Canada slowly saying goodbye to the Petro-dollar: http://www.cbc.ca/news/politics/canada-china-sign-currency-deal-aimed-at-boosting-trade-1.2828707
I found that interesting, too. Seems like big news in BC, but nothing in US news.
They are just getting rid of the middleman whose sole purpose is to skim some profit off the top. I don’t blame these countries turning their back on the Dollar one bit.
China making deals all weekend long while the west sleeps: http://www.zerohedge.com/news/2014-11-09/russia-china-sign-second-western-route-mega-gas-deal-china-becomes-largest-buyer-rus?page=1
China will be the new powerhouse. Very evident.
Regarding gold,
I really would like to see a maximum retrace of 1200/1220 no more. If she rallys to 1275 then it going to get interesting.
So many people with calls from 1137,1080,1050,1000,967,500-600, etc etc…The true fact of the matter is no one knows the number period. Unless your an insider forget it. The volatility is what’s going to be difficult to handle. Still have wti going lower 35/40.. Still have and want to see 78/80 gold ratio and still want to see a break 1100 gold. We shall see.
It’s no wonder why Americans know nothing about what’s going on with the rest of the world regarding the U.S. Our media keeps us in a bubble. Our leaders are loosing massive deals to other countries. They have completely taken their eye off the ball. It looks like the rest of the world is forcing the gold standard and the U.S. Is fighting it tooth and nail. I’ve never seen the BRICS mentioned 1 time on the main stream news! Not Once!
I think it’s time to kick the main stream news owners out of this country and get back to educating the people of what is really happening. Our country leaders and media are selling this country out! It’s appalling , dispicible and down right disgusting!
But, but, but thinking is too hard. That is why we have the government and media to think for us. Now back to football, dancing with the stars, and the Kardashians.
Do as the Romans did, right? ( fall..)
Chartser, thought the banks bought the media long ago, something about Jekyl Island?
I remember reading about when they realised the cost of owning all the news was cheap to them.
True , but the sheep dog still has to protect the sheep…
Glen, WTI. At 35-40 would be sweet. I think it’s coming too. Bye bye fracker..
Some interesting developments in the gold world: http://www.zerohedge.com/news/2014-11-09/another-conspiracy-theory-bites-dust-ubs-settles-over-gold-rigging-many-more-banks-f#comments
good show !! particularly segment 8
Clearly sardines, seals and sharks.
Straight down off the open
New Gold to acquire bayfield ventures !
Thanks guys as always for a v.informative show. First three segs on the election results mean little to such as Craig Roberts who says that until the neo-cons are ousted from either side nothing will change. Your electorate like ours here in the UK needs to wake up and wake up pdq. On the other hand Adam Hamilton believes that the massive Republican victory spells not a euphoric rise in stock prices but the precise opposite.
http://news.goldseek.com/Zealllc/1415379600.php