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This choppyness in the gold stocks could be good in the long run

November 12, 2014

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Discussion
28 Comments
    Nov 12, 2014 12:27 AM

    Bring back Bo Polny. PLEASE, my $2,000 strike price gold options are due to expire in Dec. About six weeks for gold to rally 850 dollars. Bo where are you?

    I may offer two services: Negative cycle analysis: Gold to $600 and positive cycle analysis: Gold to 2,500. When can I be on the show to discuss.

      Nov 12, 2014 12:16 AM

      Bo is hiding in Nicaragua with subscriber’s money

      Nov 12, 2014 12:34 AM

      running for cover like all the promoters.

      Nov 12, 2014 12:46 AM

      More these poeple come up with bullish predictions, the more smash the gold/silver will get. He does not know someone is watching him. Stupid.

      Nov 12, 2014 12:21 PM

      We will be in touch with Bo to see when he can join us again. Time is ticking on that $2,000 call of his though.

    Nov 12, 2014 12:31 AM

    I think I read somewhere that he’s pushed those targets into next year. That is the problem with making wild predictions- you lose all your credibility. Best to take it one small step at a time.

      Nov 12, 2014 12:22 PM

      You are right Chris, when you stick your neck out there as much as he did people really notice if it does not come true.

    Nov 12, 2014 12:03 AM

    China/ US negotiations;

    http://www.theguardian.com/environment/2014/nov/12/china-and-us-make-carbon-pledge

    From the Article;

    “China’s target to expand energy from zero-emission sources to around 20% by 2030 was “notable”, a White House statement said. “It will require China to deploy an additional 800-1,000 gigawatts of nuclear, wind, solar and other zero-emission generation capacity by 2030 – more than all the coal-fired power plants that exist in China today and close to total current electricity generation capacity in the United States.””

    Notice nuclear is included with clean energy. Uranium up $5 this week to over $40 /lb.

      Nov 12, 2014 12:47 AM

      There is no manipulation as a lot of people claim.

        Nov 12, 2014 12:51 AM

        I have had educated people scoff at me when I say that the markets are manipulated. Do I have to hit them over the head with a book full of these articles to get through? A common answer is that they are too big to manipulate. Hmmmm… combine the leverage of Citi and RBS and UBS and JPM and you get how many trillions?

          GH
          Nov 12, 2014 12:12 PM

          ‘Educated’ mostly also means ‘indoctrinated’.

            Nov 13, 2014 13:23 AM

            Are you making money ?
            Or are you losing money ?
            Why don’t gold bugs look at this the same way business owners do about their own bottom lines ?
            Regardless of whether you are an employee or an employer,
            Regard your personal investments as your OWN business & think accordingly
            Good luck.
            Cheers.

            Nov 13, 2014 13:10 AM

            I don’t see there is any relation between your comments and the question ? And where is goldbugs come from? Can we talk straight ?

    bb
    Nov 12, 2014 12:36 PM

    Lyndon Johnson’s remarks at the signing of the Coinage Act, where he announces the first changes to our coinage (i.e. from silver to base metals) since the 18th century, and warns we have no idea of ever returning to the 18th century, and warns people not to hoard the silver coins still in circulation at that time:

    Some have asked whether our silver coins will disappear. The answer is very definitely-no.

    Our present silver coins won’t disappear and they won’t even become rarities. We estimate that there are now 12 billion–I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins…

    If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content

      Nov 12, 2014 12:40 PM

      I remember this. This is/was from government. Someone can say this is NOT manipulation. But, the hoarders are rewarded by central bank action anyway.

    bb
    Nov 12, 2014 12:37 PM

    The president of the U.S. said there would be no profit in silver coins.
    hhmmmmm

    Nov 12, 2014 12:39 PM

    GH
    Educated = truth, and the ability to see it.
    Indoctrinated = the masses or sheep ( those that watch the boob tube )

    The truth is, the markets have been manipulated for hundreds of years.

    We just have to figure out how to invest on the right side of the manipulation.
    Easier said than done (mind you)

      bb
      Nov 12, 2014 12:55 PM

      Chartster, that’s why Ive always liked Gary, he takes into account manipulation.

      Don’t know why Norcini doesn’t, but he has been correctly calling for some time now.

        Nov 12, 2014 12:12 PM

        I agree with you. And both of those guys are very good!

    bb
    Nov 12, 2014 12:44 PM

    Swiss Regulator Fines UBS For Silver Price Manipulation…So This Is Now A Matter Of Fact Not Speculation

      Nov 12, 2014 12:51 PM

      I think German regulator said that manipulation in precious metals is many times larger that LIBOR manipulation. It appears that Switzerland and Germany is disassociating themselves from the alliance.

    Nov 12, 2014 12:27 PM

    Bought back into GPRO last 2 days. Sold my Cyberark just before earnings today and it is up over 15% after hours. Loaded up on Twitter the past days and it has finally turned up today, up 7.5% and I have gone from a large loss to a gain now. Staying out of any resource stocks.

      Nov 12, 2014 12:39 PM

      It is good idea to stay out of resource stocks. They face bankruptcy. Conventional stocks are the only game in town untill music stops.

    Nov 13, 2014 13:06 AM

    I don’t think xle is safe to hold as energy is not likely to scream higher soon unless oil is manipulated up at $70. The charts show it coming down to at least 70 and possibly 60.

      Nov 13, 2014 13:26 AM

      Paul, just curious, can you make money this way? You seems selling low and buying quite consistently. As for oil I think the low price hurts US as much as Russia.

    Nov 13, 2014 13:13 AM

    I have given up on oil. Much easier to trade Nasdaq stocks.

      Nov 13, 2014 13:18 AM

      Understand. But there are not a lot of markets around. I know you have given up on gold as well. Nasdaq also came down quite a few times and still lower than its peak at year 2000. Unless you never come back to gold and oil, you will likely come back at the high.