Our Official Current Stance on Gold
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One more thing guys im more in line with a 2500-3500 final gold high.
5000? I don’t know about that.
Et tu Glen?
-1 (jk)
lol,
I think it’s hard to predict. Lets see how the charts look when we get to 2000 first.
+1
The last bull run in gold was a 7.5x increase from bottom to top ($253 to $1920), the 1st half of the 1970s was nearly 6x and the second half was 8.5x, so $8,000 would not be out of order if a new bull market starts.
Look for the top in the dollar. The dollar should top later this year if the usual 7.5 year bull market unfolds followed by a 7.5 year fall. Who knows if shale oil will bull the dollar and prevent this.
As you can tell Glen, neither are we.
You mean I don’t get to call you “Sideline Al” anymore.
Darn it! 🙂
Peter
Al I was just getting comfortable calling you “Sideline Al”.
I guess not Peter!
Well said Doc. My position is all in. No more purchases, only profit taking from now. Gold $5000 target will be reached. In the long long run, e.g. next two generations, gold could be 100K, 1 million, who knows. I will definitely leave some to my kids. Hope they don’t sell to buy booze.
Well, okay!
I agree about gold, Lawrence.
I guess that $5K gold in 16 to 20 years is certainly possible.
Mark my words, Al, it will happen much sooner.
Lawrence agreed…the the madness of central bankers becomes just more and more pronounced!
Ok Al
Peter
The timeline for the Tax Loss Selling which was done in Dec of 2013 (the 30 day rule) must have expired.
Makes me wonder about you guys. Anyway to each his own.
I hope the people that listen to your audio’s don’t feel they need to have your blessings to take a position in the gold space.
Peter
Hi Peter, I like your opinion a lot. However, we should give Al’s team a lot of credit since they have been on this hard asset investing for a long time. They also provided this platform. All respect Al.
Power and control make people act in unusual ways Lawrence.
Just my opinion.
I appreciate your coments Lawrence 🙂
Peter
“Power and Control”? Are you referring to us?
No Al , the Power and control of the markets ( manipulaton ) you stated in the audio more recent market control and manipulation in the markets.
Peter
Take you for example Al, your afraid to get off the sideline, the gold market has you convinced that it is going to 1050 or lower, and not even Doc can convince you of anything different.
Hope you jump back in soon 🙂
Peter
Thanks Lawrence, we actually feel the same way about you.
Explain your comment, if you would, about “makes me wonder about your guys”.
Thank you
Al keep reading ” Anyway to each his own.” was the end of the statement
which means nothing intended.
Peter
More than 10% gold, sounds like there is agreement with Rickards, since he increased his reommondation for gold holding a bit.
Maloney? I think he has been saying 100% for years. Alot of people kicking themselves if he turns out to be right, lol
Ive said many times I prefer Turks approach.
The writers and pundits do seem to be getting excited about the snb move, maybe it is the swan that ends the bear.
I wonder tho, if cash is trash, and one day it moves to its intrinsic value, would it really matter how much is in a persons trading or savings account etc?
Maybe now that the bull has resumed, the reward for investment will again equal the risk of the investment.
About 50% of my liquid asset is in PM related. If talking about net worth, it is 15%. what 5-10 % of your liquid asset can do for you? Not much. If I am single, I will put 100% liquid asset in PM.
I don’t disagree with you a lot, Lawrence. I; however, maintain that diversification makes a lot of sense. That way all of a person’s bases are covered.
I personally question the motives behind the 100% hold theory purveyors, bb!
Al, I was mentioning 100% but only liquid asset. All the other asset such as pension, house, rental properties, farm land would not count. This is a special period that financial ponzi scheme is going to collapse. But I cannot do it anyway. My wife will not agree.
Lawrence the 5-10% is of investable income every month into gold.
A person could decide to put 5-10% into silver if they wanted, the thing is, eventually a person has enough metal.
Nothing wrong with farmland or income properties or other forms of wealth.
Personally I am not going to pay storage for tons of silver for example, then try to move it, geez.
But, there is nothing saying that 100% metal doesn’t turn out to have been the best approach.
Agree, all matter of expectations. I personally like income generation asset too.
I agree, Lawrence, and am perfectly happy to pay a fair storage fee. I moved some gold and silver in Hong Kong a few years ago and found out that a Brinks truck is not expensive.
Where are you from Matthew?
Peter
Im taking it as Honk kong is safe for storage?
First I will say that I took Al’s advice years ago at a Casey seminar and put 20% of my net worth in precious metals.
I’ve never looked back ever since I made that decision.Thank you very much.
Much like Doc I haven’t purchased any physical in about four years.
December 13,2014 ,I purchased more physical.
I believe that any time you question whether your cash is safe in the bank you should raise the percentage of your net worth in precious metals.
I like Doc’s call that this will be the longest gold bull market in history.I couldn’t agree
more and feel that there is no rush to get into the mining stocks until I can see a sound technical confirmation on the charts.
John; you hit it on the head. I couldn’t agree with you more. There’s no rush to put 100% of the assets you’ve set aside for resources into the resource sector right now—unless you have a strong stomach. We’re just at the beginning of this bull market in the PM stocks. One has to be selective. As mentioned, I began to purchase the PM stocks back in November (nibbled) and then increased it at the middle and end of December. If you remembered, I kept saying that January would be the month to watch out for (and it has). I now have a nice position of stocks at low prices and will not add for awhile except on pullbacks. There is no hurry since this move up will be arduous and will span many weeks and months. But those willing to slowly move in over time based on technicals will be very happy in 5 years. Also, if you’re interested in other resources to invest in, wait until the spring when the commodity sector bottoms. Doc.
Big Al, Doc and Cory,
You guys and your recurring contributors really bring a lot to the table on a daily basis. You’re openness, honesty and forthright content exudes integrity and in my book garner’s a great deal of respect and confidence in your work. I find your thought provoking commentary to be rational, prudent and lased with very sound observations.
Again today Al, you, Doc and Cory as well as Gary and Chris really showed you’re wisdom and understanding of the big picture and remaining objective, while not being swayed by over zealous peer pressure and back-handed slaps for remaining a tad cautious in a time period when reactionary greed can take hold throw a monkey wrench in the gears and side tracks the ability to remain grounded in ones objectives and not get caught up in the euphoria of the moment.
I appreciate the sound demeanor and very thoughtful analysis while providing content and discussing your decisions and reasons for the what, when, why, and how as it pertains to the greater PM markets and the geopolitical landscape in general.
Keep it coming guys! Thanks
V
Vortex, thanks for the comments. You’re right about Al, Cory, Gary, Chris, etc. They try like heck to be unbiased and fair. I’ve personally got to know them well and respect their opinions. I don’t always agree but I can guarantee you that they have do the best they can with their models and opinions. I’ll add Rick Ackerman to that list as well. Doc.
Yes Doc, sorry I left Rick out by accident. I include him in the group.
You guys collectively may be one of the best groups around and I mean that.
I don’t ever get the sense that one of you have ever tried to spout needless market BS or talk over the listeners. I really appreciate the open honesty and down to earth commentary on market calls from you all.
Thanks a million Doc.
V
I have bought gold over the years and have bought higher and lower.
The focus is insurance and I have 33% of my net worth in the metal.
With the thieves controlling the market place I feel it is one place to keep my savings out of their hands.
A very well known newsletter writer, some time ago, predicted a 30 year bull market in the precious metals. But he also said the government would find some way to foul up all those smart people who protected themselves with gold. For example; a higher tax, or windfall profits tax.
This may be your offical position know but you have been dead wrong about the miners from Nov 7, 2014
Well you know Big Al there has been no common sense in your position the last month and a half. The oil market started to drop about the time the miners began
there rally. Even if you have no technical knowledge, common sense should have told you to buy the miners because of dropping oil prices. Instead you and your guests insisted the sidelines were the place to be. So, if investing is about common sense it was clearly not displayed here for the last two months
Here’s to common sense Big Al.
Cheers.
Peter
This may be your offical position now but you have been dead wrong about the miners from Nov 7, 2014
Well you know Big Al there has been no common sense in your position the last month and a half. The oil market started to drop about the time the miners began
there rally. Even if you have no technical knowledge, common sense should have told you to buy the miners because of dropping oil prices. Instead you and your guests insisted the sidelines were the place to be. So, if investing is about common sense it was clearly not displayed here for the last two months
Here’s to common sense Big Al.
Cheers.
Peter
Well said guys!
Cory I agree slowly is much better. Stair climbing is what I prefer.
1350-1550 remains my target for year end. Anything higher is a bonus.
Under the current circumstance, this is an honest and achievable target.
Im not to da moon kinda guy 🙂