Weekend Show – Sat 14 Feb, 2015

Companies and the Markets

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Featuring:
Al KorelinCory FleckWendell ZerbMichael BelkinChris MoreauEric Owens
Chris TempleRoger WhiteBill TateGary SavageRichard PostmaRick Ackerman

Comments:
  1. On February 14, 2015 at 1:06 am,
    CFS says:

    Stockman talking about financial collapse and Greece:
    http://kingworldnews.com/david-stockman-just-made-one-terrifying-predictions-2015/

    • On February 14, 2015 at 5:43 am,
      J........THE LONG....................OOTB says:

      GREAT LISTEN TO…………………thanks ……………..j

      • On February 14, 2015 at 5:45 am,
        J........THE LONG....................OOTB says:

        KWN…AND FSN….GREAT networks…………………..they are a great daily supplement to what is going on………………………j..mho

        • On February 14, 2015 at 8:24 am,
          CFS says:

          An older Jim Willie piece, but worth listening to:
          https://www.youtube.com/watch?v=ZEw8veuFDSM

          • On February 14, 2015 at 8:27 am,
            CFS says:

            About 35 minutes in to above Willie piece, he says physical gold on Comex/Lbma about all gone.

          • On February 14, 2015 at 9:35 am,
            Big Al says:

            Thanks CFS

          • On February 14, 2015 at 10:28 am,
            Ebolan says:

            Listening to Jim Willie always gives me the willies.

          • On February 14, 2015 at 4:41 pm,
            J........THE LONG....................OOTB says:

            WILLIE ALSO SAID………RUSSIA HAS ABOUT 20,000 TONS OF GOLD……….

          • On February 14, 2015 at 4:43 pm,
            J........THE LONG....................OOTB says:

            HEY bb…….Did you hear that;;; 20,000 tons…………..thought you would appreciate…., heard anything else from Karen H…………….

          • On February 14, 2015 at 5:25 pm,
            bb says:

            Nope, but I don’t follow her.
            Nobody has disproved her yet tho.
            Just accusations.

            I herd about that 20000t of gold in Russia awhile ago, maybe its true, and maybe China has the same amount, wouldn’t it be funny to find out the U.S. has 20T when they sit down to negotiate the next world reserve?

            I suppose w will find out when its determined we should know.

      • On February 14, 2015 at 9:34 am,
        Big Al says:

        Thanks Jerry

        • On February 16, 2015 at 3:53 am,
          J........THE LONG....................OOTB says:

          HONG KONG UP……….MONDAY MORNING………….

      • On February 15, 2015 at 3:55 am,
        Shad says:

        Great segments from Wendell Zerb from Xeter Resources & Michael Belkin Al & Cory. I always enjoy their input. Good round-table at the end.

        • On February 15, 2015 at 4:50 am,
          Shad says:

          P.S> I found this article posted about Hasbro running into problems with overseas business due to the foreign exchange rate differential.

          “Hasbro CEO Goldner: foreign exchange will present headwinds – Reuters, Feb 13 2015 10:16PM”

          I don’t think many of those invested in the general markets have factored in 2 really important considerations:

          1) Many companies that do a big percentage of business overseas (ie. Hasbro is a toy company, and those toys just got much more expensive to people in markets where their currencies are falling). This could spell major problems for earning later this year and adds more fuel on the market top after 2nd Quarter and 1st Half of 2015 earnings are reported. (July-Sept).

          2) Even though many oil stocks got oversold, many have started to bounce back harder than they should, and it will likely only last a few more weeks. It is a counter-trend move. Once the first quarter, and in specific second quarter (which I expect to be lower) numbers are reported, many of these stocks will sell off, adding to the pressure in the broad indexes. This will also hugely impact many of the financial sectors that were overly extended in financing the oil development. Again, by summer and fall, the earnings from companies will reach a point where people will finally have to take notice.

          Wildcard: I would also throw in as a wildcard that I don’t think the full ramifications have been felt in the financial sector from the Swiss unpegging the Franc from the Euro. Just look at the mess that is starting to develop with UBS. Most banks have their reaches globally and many had strong positions shorting the Franc along with the Euro. Many lost a ton of money on this change, but I’m sure they’ll find a way to bury it. There are a few though, that will not be able to recover, and once that surfaces, it will call into question what positions were on at all the banks when the Swiss announcement was made. These reports will likely start in Q2 and Q3.

          It’s gonna be wild later this year!

        • On February 15, 2015 at 7:24 am,
          Shad says:

          P.S. – Their is a very interesting Rick Rule interview on King World News posted on today on the 15th. Great thoughts on the sector, on oil, on the coming pressure at the end of the year on oil & related sectors. the general outlook he has for the balance of 2015. Worth a listen.

          • On February 15, 2015 at 9:00 am,
            Birdman says:

            I will add the link since I just tuned in and listened. Comments on gold start at the 9:30 mark. It was interesting that Rick said discouraged investors in gold should exit the market unless they have a long term outlook and know why they are investing in the sector.

            Rick Rule Commentary of February 15 2015
            http://kingworldnews.com/rick-rule-broadcast-interview-available-now/

          • On February 15, 2015 at 5:55 pm,
            Bill says:

            Shouldn’t he have said that in 2011?

    • On February 14, 2015 at 8:03 am,
      Gator says:

      CFS…Stockman and others have been making these predictions for years with no results…nothing is going to change as long as the printing press keeps pumping out money…what could possibly stop the printing…this could go on forever….

      • On February 14, 2015 at 8:51 am,
        bb says:

        Gator, you mention printing could go of forever.
        Why not? until people don’t accept the currency.
        Actually, why would the government even need to tax us? why couldn’t they just print it?
        As long as people accept the currency why not? Sure would be popular. “We are going to stop taxing everyone making less than 100k”, people would be cheering in the streets.
        I wonder how long they really can continue to print.

        • On February 14, 2015 at 9:37 am,
          Big Al says:

          Cheering in the streets! Yes, there would be! The “something for nothing crowd” would have won just before they all lost big time!

        • On February 14, 2015 at 10:28 am,
          Matthew says:

          Bb, printing IS taxation —just not the kind that most understand. This is the problem with Bill Still and the Greenbackers; they support theft as long as the state does it and not those bankers, as if it would make any positive difference.

          Still’s views are nothing but a diversion for the masses. Ever notice that he has no support from the best (and honest) minds of the financial world?

          Deficit spending is a powerful form of printing. if you want to smoke a currency quickly, just “print” AND cut taxes. That’s what the last bunch of neocons did, and it worked.
          http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=15&mn=0&dy=0&id=p76945607594&a=366074617

          • On February 14, 2015 at 11:39 am,
            bb says:

            I disagree with you Mathew, the whole point of Bill Still (and others Ive read recently) is you need honust government.

            I actually thought I was making a ludicrous point, and I understand that printing is taxation so is inflation etc etc

            You and I are about as likely to agree on Bill Stills excellent observations and conclusions as Bird and I are on Israel.
            Not gonna happen Mathew lol

          • On February 14, 2015 at 12:00 pm,
            Matthew says:

            Funny stuff there, bb. There is, and never will be, a lasting example of “honust” government. Even if such a government were possible, it wouldn’t matter because honesty would hardly guarantee economic or monetary literacy on the part of the politicians or the voters. As a group, voters NEVER demand sound spending policies from their candidates anyway. On the contrary, they consistently vote against such policies.

          • On February 14, 2015 at 12:00 pm,
            Birdman says:

            I thought you made a great point in your first post bb. What is money anyway as long we all believe its money? The trick is to have mechanisms to shift it around and achieve social equity. The problem with gold is that it fixes wealth into a few hands and stops flowing which thus breaks the feedback loop and impoverishes the very people you need to have shopping and spending. If anything, the central ideas of a highly liquid fiat system need further refinement to allow the distribution of wealth to where capital is needed. But that takes management and a consensus view from the top and lately those kinds of solutions seem further and further off in the future. I think that electronic formats of currency can resolve some of the dilemma if the mechanics of distribution can be hammered out and resolved. Gold is like death and Kryptonite to achieving more equitable social engineering.

          • On February 14, 2015 at 12:39 pm,
            bb says:

            Well Bird, since you mentioned you thought highly of M Armstrong I have watched a few of his opinions.
            Very interesting indeed. He really shouldn’t be scaring goldbugs as he sees gold rising, just for different reasons, altho goldbugs could argue their point was correct all along.

            Round and round economics goes, I actually liked a statement from one writer I read (sry forge the name) economics is 95% common sense, after that, argue which of the 9 schools applies to where a person lives.

            I agree that we go to a digital currency, I just don’t think the time is right yet, nor do I see a totally digital system, but who knows?

            This idea of just print no need for tax, isn’t mine, I think it ludicrous, but Im an Austrian thinker, confidence comes into play, and if people don’t have a clue, why not?

          • On February 14, 2015 at 1:10 pm,
            bb says:

            Mathew, I agree, we don’t have a lasting example of honust government, unless it be monarchy, dictatorship etc (very honust, do as I say or I boil you alive).

            But I do agree, which is why we need to come up with a completely new system of government. Whatever that may be.

          • On February 14, 2015 at 4:01 pm,
            Matthew says:

            Hmm, not real Austrian of you to take Bill Still seriously.

          • On February 14, 2015 at 4:25 pm,
            bb says:

            You might be right Mathew, maybe I mix Austrian and capitalism.

            But I don’t see either as requiring a specific currency.

            I understand austrian to mean that a person runs into trouble when he spends more than he earns, capitalism to mean, save “capital” then invest it for a return on the investment.

            Robert Kiosaki would disagree entirely of course and as he is a gazilionair his argument might be pretty good.

          • On February 14, 2015 at 7:31 pm,
            Matthew says:

            Since tally sticks and paper money are the result of state force, not markets, only the confused or disingenuous Austrian would support either.

          • On February 14, 2015 at 7:40 pm,
            J........THE LONG....................OOTB says:

            Tally sticks…………never used as a median of exchange……per the article that Matthew provided.

      • On February 14, 2015 at 9:36 am,
        Big Al says:

        I agree and I am also getting a bit tired of the same old songs.

        • On February 14, 2015 at 10:41 am,
          Lawrence says:

          There are a lot common sense in their talk. Sure common sense could be boring but it prevails right after most people give up on it. What happened in 2000 and 2008 prove it. The current derivative market makes them able to postpone the ponzi scheme much longer but it is definitely not infinity. Once it breaks, it will impoverish most people. It is now the whole world on a big casino.

          • On February 14, 2015 at 10:47 am,
            Lawrence says:

            One thing I don’t agree with Stockman et al. is that I don’t see a big crash, I think it is more like everything melt up in a volatile way. Government will go all in to save the system and dilute every to extreme. In the old days, government could still clean up the system after the crash but we cannot do it anymore. So printing money to solve all the problems is the only way. Eventually, government or FED may end up actually owning everything.

        • On February 14, 2015 at 12:04 pm,
          Birdman says:

          It is impossible to stay in a constant state of panic. Eventually you adjust to the new frequency and carry on with your life or you go insane and build a tree-house with boxes of canned Tuna and rounds of Ammo.

          • On February 14, 2015 at 2:42 pm,
            Lawrence says:

            Bird, I guess you mean as long as PTB holds the system in the current state for long enough time, people will accept it. I think it is true, but we know majority loses.

      • On February 14, 2015 at 9:54 am,
        Wayne says:

        HISTORY . . . ALL fiat currencies FAIL: http://dailyreckoning.com/fiat-currency/

        • On February 14, 2015 at 12:59 pm,
          bb says:

          Wayne, all currencies do not fail, tally sticks were used successfully for 700 years, (7oo years) when they were no longer useful, the government bought them, they never went to zero either.
          There are actually more examples but that’s the best one.

          • On February 14, 2015 at 1:38 pm,
            Wayne says:

            I said, “fiat.” All fiat currencies fail because they are fiat.

          • On February 14, 2015 at 1:54 pm,
            bb says:

            Wayne, tally sticks were fiat. for 700 years they were fiat.
            This is actually a good point in the argument that gold is not the best fiat currency.
            When people like Casey reaserch or Maloney say all fiat crumbles they are mistaken, they should be saying most fiat currencies fail.

          • On February 14, 2015 at 2:24 pm,
            bb says:

            Actualy Wayne, when these guys say fiat fails, they miss the point, they should be asking why did they fail.
            300 years of Chinese paper currency, and the greenback was boght by the government, neither went to zero, heck, how about the pig tusks of Vanuatu? I spelled that wrong Im sure, anyway, lots of examples of fiat currencies not failing, they did get replaced as they went longer than their usefulness.

            And those examples are only europian thinking, how about Aztec,inca or myan?
            We are also only mentioning those within “Christian” history but there were many prior to Christian records as well.

            When gold dealers or those that make their living in the gold indusrty say stuff about PMs, sometimes it needs to be verified.

          • On February 14, 2015 at 2:55 pm,
            Lawrence says:

            BB, I don’t think China ever have 300 years of paper currency. I love history so I read history books and novels of ancient China. Except a few short periods, the country always used silver with copper for small denomination. Only significant time I can think of using fiat was Yuan dynasty of Kublee’s time, but that dynasty lasted less than 60 years after unified the country and most of times it used silver as well. It is why Chinese silver and money is interchangeable. You can say spend money or spend silver. The current fiat current started from 1949 and might be the longest in history. In a Qing dynasty (from 1640-1910), people used silver certificate, which people stored silver in bank vaults and carried paper around. What I want to say is, I never know there has been long enough period in China only fiat money was used.

          • On February 14, 2015 at 3:54 pm,
            bb says:

            Lawrence, I recall being wrong one other time, I remember as it was a foggy day.

            LIAO 916 – 1125 A.D. Paper money issued by the army.
            NORTHERN SUNG 960 – 1127 A.D. Private credit notes issued.
            SOUTHERN SUNG 1127 – 1279 A.D. Government credit notes issued.
            WESTERN HSIA 1038 – 1227 A.D. Issued paper money.
            CHIN 1115 – 1234 A.D. Issued paper money.
            YUAN 1271 – 1368 A.D. Profuse issuers of paper money

            Maybe the issue is the term fiat, fiat is merely government decree, gold/silver can be fiat, anything can be.

          • On February 14, 2015 at 4:03 pm,
            bb says:

            oops forgot Ming that’s about 300 right there.

            MING 1368 – 1644 A.D. Excessive issues led to discontinuance of
            paper money for the next 400 years.

          • On February 14, 2015 at 4:13 pm,
            Matthew says:

            I don’t know if you should know better than to make such a point, but Armstrong should.

            Yes, governments can wave their magic wands and declare gold and silver to be money and attempt to take credit for something they had nothing to do with, but that is not what people mean when they refer to fiat currency. Unlike gold and silver, unbacked paper is never chosen by the market to function as money. Paper must, at least initially, be FORCED on the market by government decree or fiat. The same is not true of gold or silver.

          • On February 14, 2015 at 4:15 pm,
            Matthew says:
          • On February 14, 2015 at 4:36 pm,
            bb says:

            You maybe have a point, it also should be considered what society.

            Central and south America for example, before europians arrived, how come there was so much gold/silver just waiting to be picked up?
            Remember, these societies built cities, had schools, professions and tradsmen, but they didn’t use gold/ silver, that’s why there was so much for the Spanish to mine.
            Gold/silver had an entirely different meaning to them.
            How about 10,000 years of North American aboriginals? They didn’t us gold/silver either, not until europians arrived. Heck they went thru beaver pelts as curency first, until the beaver died off of course.

            We don’t NEED gold/silver as currency, and in time moving to digits will again prove that I think.

          • On February 14, 2015 at 4:43 pm,
            bb says:

            Examples
            Word Origin Fiat
            noun

            1. an authoritative decree, sanction, or order:
            “a royal fiat.”

            Synonyms: authorization, directive, ruling, mandate, diktat, ukase.

            2. a fixed form of words containing the word fiat, by which a person in authority gives sanction, or authorization.

            3. an arbitrary decree or pronouncement, especially by a person or group of persons having absolute authority to enforce it:
            “The king ruled by fiat

            Meanings of words do change, but at this point this is what I understand the meaning to be, so if someone means something else. I would have to be told what they actually mean.

          • On February 14, 2015 at 4:48 pm,
            J........THE LONG....................OOTB says:

            LET IT BE DONE………….fiat……….LATIN…………….

          • On February 14, 2015 at 5:53 pm,
            Matthew says:

            For those who missed it the first time I put it up, here’s G. Edward Griffin on Bill Still:
            http://www.freedomforceinternational.org/freedomcontent.cfm?fuseaction=meetstill

          • On February 14, 2015 at 7:42 pm,
            J........THE LONG....................OOTB says:

            Tally sticks ………never used as a median of exchange…………per above article.

          • On February 14, 2015 at 8:09 pm,
            bb says:

            History of Money xat,org

            THE TALLY STICKS (1100 – 1854)

            King Henry the First produced sticks of polished wood, with notches cut along one edge to signify the denominations. The stick was then split full length so each piece still had a record of the notches.

            The King kept one half for proof against counterfeiting, and then spent the other half into the market place where it would continue to circulate as money.

            Because only Tally Sticks were accepted by Henry for payment of taxes, there was a built in demand for them, which gave people confidence to accept these as money.

            Maybe we need to find someone that was there?

          • On February 14, 2015 at 8:29 pm,
            Lawrence says:

            BB, thanks for the research. Among the states you listed, they were all in the same period in Chinese history. Among them Liao, Chin, Yuan, Western Xia were all northern barbarian states which broke away from former Tang dynasty. My ancestors lived in these areas. Except Western Xia, which was located in the poor western region, all the rest set their capital in Beijing. I could see memorials in a few places around Beijing still. From the books I read, Yuan did issue paper currency and the other must have done it too due to lack of silver. Their economy was fairly backward. I think most was be bartering. History book said that they used silver and other rare stones as the trading currency. They were warrior societies. They live on horses and die on horse. One way or the other, they were very backward in culture and their economies were marginal compared to Sung to the south. The big dream they had was to invade the south and rob women and wealth. South and North Sungs were very prosperous states but they lost north half to Chin and later all to Yuan due to their incapability in the war or you can say the great warring strength of the northern states. Yuan ruled most of Eurasia at one time and Europeans called them Mongolians. Yuan was their Chinese dynasty name after Kublee announced he was the emperor call Yuan Grand Emperor. I am 100% sure Sungs used silver and copper as currency since all the books I read mentioning people bought stuff with silver bullion and copper coins. I never read they bought anything with paper currency. Silver could buy a lot during those times and for average people, one ounce is enough for several month’s living. So they were using copper coins for most of daily life. As for the giant Ming and Qing dynasties, they definitely used silver. It was recorded that Ming emperor personally accumulated 40-50 million ounces of silver in his personal vault just in case he needed to pay the army. However, people did use paper called YinPiao (Silver Certificates). This paper was issued by banks. Banks took the silver and store it, then they issued the certificate for the easiness of carrying. They had to store 100% otherwise they would be beheaded. Counterfeiting was punished severely. So I would not consider it was fiat currency.

          • On February 14, 2015 at 9:03 pm,
            J........THE LONG....................OOTB says:

            There is a lot of misconception on the greenback and currency as a equal trading tool, used for trading one piece of paper for a product or service. The greenback during the civil war , was not always accepted , and particularly for exchange for silver or gold. The demand dollar, printed by the US TREA.(but really printed by American Printing company), was for the debt of the Civil War, and payments to the soldiers. AS a further note , during all wars, there has been species of payment to the soldiers, as military voucher printed to replicate the amount of dollar worth that the species can be traded for at the px or canteen.(check out military payment vouchers or notes) Since, some of these notes actually incurred interest payments on the debt of the US govt. the circulation of these note were issued because there was a lack of gold and silver at the time in the US GOVT. treasury,..to fund the war,…..which issued these notes. The notes were in theory a debt of the public. and circulated only as a means of to cover the lack of funds available at the treasury. These notes were not always redeemed for the face value, but, were sometimes reamed for much less.
            To suggest that the currency of the greenback, was equal and traded equally as a base of exchange for like kind, is not factual. This so called currency did not always do what the founders intended, except to fleece the public into thinking that the exchange would be fair and equal. The green back was later done away with.
            Pieces of paper, denoted as green backs did not offer the recipient the option to redeem the note or piece of paper, the luxury of receiving coin of gold and silver, which was the means of fair exchange at the time. Prior to the Civil war and the act of 1862, currency was printed by local banks, which had on deposit gold or silver coin. Check out obsolete currency, and you will see there are thousand of bank notes, of every kind , color and shape. There is a complete history of bank notes, and how these bank note were accepted or rejected by the people at the time.

          • On February 14, 2015 at 11:26 pm,
            bb says:

            J my point about the greenback was that it didn’t go to zero, the treasury ended up giving them to banks for bonds at 90%. National Banking act feb 1863. I understand it was doubtful to get gold for them and they were not accepted in California at all. The greenback was created to counter the banks and their interest. They may not have had enough silver too.
            Back to a gold standard in 1866.

            I guess the Chinese paper eventually hyperinflated so got dropped, that could be argued it went to zero.

            Interesting the term cash came from China.

          • On February 14, 2015 at 11:32 pm,
            Lawrence says:

            This short summary is about the monetary system of Ming. It said the system was based on silver and copper. It did issue paper currency to circulate with metal together but the trades were mostly done with copper.

            The metal was called money qian and paper was called chao, I think it means paper money.

            It also said paper was used mostly at the beginning of the empire. Ming is the most researched dynasty by historians and there were many reasons why it fell but I don’t recall the paper currency is one of it.

            http://wapbaike.baidu.com/view/508891.htm?fr=aladdin&ref=wise&ssid=0&from=844b&uid=0&pu=usm@0,sz@1321_2001,ta@utouch_1_7.0_3_537&bd_page_type=1&baiduid=A751B5D3702B22861DDB4927AB4FD221&tj=Xv_1_0_10_title

          • On February 14, 2015 at 11:38 pm,
            Lawrence says:

            The summary also said that the paper money was at the beginning of the dynasty and quickly abused and led it to become worthless quickly so people dumped it. I guess it was a failed experiment.

          • On February 15, 2015 at 9:31 am,
            J........THE LONG....................OOTB says:

            bb…….look up DEMAND NOTE…..AND US NOTE…..two different currencies, but still issued during the time of the CIVIL WAR. The DEMAND note carried the 6 percent interest, as a bond commitment , where as the US NOTE , was full faith of the govt. This is were the difference in the common term GREENBACK gets confusing for some who are not familiar with currency,or paper FIAT.

          • On February 15, 2015 at 10:05 am,
            bb says:

            Lawrence, my calculations have the ming paper currency lasting aprox 40 years then inflating. I was wrong to say it lasted 300, to get 300 you would have to add them all together I think.
            And yes, there was metal backing in varying degrees for some and not others etc, looks to me the paper experiment went on in a few places, check Js stuff about the states or Birds in Canada.

            What I find interesting different places around the world were doing the same thing independantly, a natural progression?, maybe a clue we go digital?

            Just a point, Canadian currency hasn’t been asset backed for about 40 years, kinda makes a guy feel all warm and fuzzy inside. lol

            J, I have read all about different currencies who issued them and what was backed with what where,and by whom and why, I am no expert of course, check Birds link, Its full of the same kinda stuff. interesting if your curious.
            My only point was the greenback didn’t go to zero, that’s it.

          • On February 15, 2015 at 10:10 am,
            J........THE LONG....................OOTB says:

            I have already been doing that for 20 years…….I AM A CURRENCY COLLECTOR….

          • On February 15, 2015 at 11:10 am,
            Lawrence says:

            bb, pure fiat currency never lasts. The debt based fiat currency seems last longer due to the fact people restraint from lending it out. The really bad problem is it enslaves the general public. Pure paper currency goes to zero so you don’t have anything you don’t owe either. But if you look at the debt level now, I am sure the wealth of most people is negative. So a very few controls so many. People become debt slaves without knowing it. It is quite an evil system in the long run. I feel currency does not have to be precious metals but it has to have a slow growth rate. The other way to do is to separate means of exchange and store of value. Use gold as store of value and use something else as medium of exchange. We can revalue currency against gold ( or whatever hard money) every year and government is not allowed to create volatility in hard asset so people’s saving is not easily lost.

      • On February 14, 2015 at 10:43 am,
        Ebolan says:

        CFS…Stockman and others have been making these predictions for years with no results…nothing is going to change as long as the printing press keeps pumping out money…what could possibly stop the printing…this could go on forever….

        I think one of 2 things happens. We have a major collapse like Stockman and others predict or the economy is in permanent stagnation (at least for the rest of our lives) like Japan’s lost decades. Either way, not a happy time.

        • On February 14, 2015 at 11:02 am,
          Lawrence says:

          I agree that the direction is set but what will truly happen depends on government. I don’t see government tighten under a big crash so that will make inflating away everything the only choice. What happened to Japan may not be the future here. Japan refuses to clean up their banks and they print and then then suck the liquidity back, then print again and suck it back. They never dare to truly print without limit until last year. Even last year, they added tax so it effectively suck the liquidity back again. I think they are so afraid of inflation like all the countries who suffered from hyper inflation, e.g. Germany. But what they are doing is effectively impoverish the population to subsidize the system. They are lucky in the way they had huge amount of savings which take a long time to burn through. They used to save 20-40% and now not much.

          • On February 14, 2015 at 11:43 am,
            Ebolan says:

            True…either way the standard of living for most folks will not be going up any time soon and that is what counts. I think if we don’t see a dramatic decrease in the standard of living for most due to some collapse we will continue to see the standard of living erode for perhaps a generation or two.

      • On February 15, 2015 at 1:10 pm,
        John K says:

        Right you are:
        Remember the saying”The market can stay irrational longer than you can remain solvent.”

  2. On February 14, 2015 at 1:17 am,
    CFS says:

    Re: Segment 7:
    Interesting work also going on with heating effects of near infrared lasers and gold nanoparticles to kill cancer:
    http://www.ncbi.nlm.nih.gov/pubmed/23219875
    Note the references cited in that paper.

    • On February 14, 2015 at 9:38 am,
      Big Al says:

      Thanks CFS

  3. On February 14, 2015 at 1:48 am,
    CFS says:

    Re Seg 2:
    If you do not yet realize the “free market” in stocks no longer exists you have a problem in your analysis.
    Ultimately, it would not really surprise me if central banks eventually buy the majority of all stocks worldwide. (Sovereign bonds too.)

    • On February 14, 2015 at 9:38 am,
      Big Al says:

      I think that everyone here realizes that CFS.

      Are you enjoying Sonoma?

      • On February 14, 2015 at 10:41 am,
        CFS says:

        I love this part of CA.
        wonder how I will manage to limit myself to only 90 days a year in the US.
        Maybe I’ll just have to look into sneaking into the country like the million illegals that do it each year!

  4. On February 14, 2015 at 2:25 am,
    Andrew de Berry (Rev) says:

    THE CHANGE IS COMING AND PEOPLE ARE WAKING UP! Rob Kirby on Euro disintegration leading to the end of globalism.

    http://tunein.com/radio/Financial-Survival-Network-p415063/

    • On February 14, 2015 at 2:30 am,
      Andrew de Berry (Rev) says:

      Howard Davidowitz: Ghost malls in a town near you. In the U.S. there’s been double the debt and double the number of people in THE LAST SIX YEARS.

      http://tunein.com/radio/Financial-Survival-Network-p415063/

      • On February 14, 2015 at 3:17 am,
        Andrew de Berry (Rev) says:

        typo ….double the number of people in poverty….in the last 6 years.

      • On February 14, 2015 at 1:03 pm,
        bb says:

        Andrew, I don’t know if malls going broke means as much as some people imply, people might just be choosing to shop online. I can see them choosing the online option more and more as people grow older.
        Malls might not be such a great investment anymore. But people are still going to require “stuff”.

    • On February 14, 2015 at 5:19 am,
      J........THE LONG....................OOTB says:

      tHANKS A….Rob K. is always a great listen to……….I like the way he exposed JAMES R.

      • On February 14, 2015 at 5:25 am,
        Andrew de Berry (Rev) says:

        Agree J. I’ve really become a Bob K fan! Best, A

  5. On February 14, 2015 at 2:26 am,
    CFS says:

    Data on insider holdings of IDAH:

    Click on the column header links to resort ascending (▲) or descending (▼).
    Insider Relation Last Date ▼ Transaction Type OwnerType Shares Traded Last Price Shares Held
    FRALICH MARK Officer 01/06/2015 Buy direct 25,000 0.1500 830,000

    PANKE ERIK Officer 01/06/2015 Acquisition (Non Open Market) direct 25,000 0.1500 243,000

    DOBBS DOUGLAS D Director 01/06/2015 Acquisition (Non Open Market) direct 25,000 0.1500 100,000

    MANCUSO THOMAS Director 01/06/2015 Acquisition (Non Open Market) direct 25,000 0.1500 336,350

    STEWART GREGORY S Director 01/06/2015 Acquisition (Non Open Market) direct 25,000 0.1500 260,000

    MANCUSO THOMAS Director 11/03/2014 Buy direct 11,350 0.1500 311,350

    PANKE ERIK Officer 09/25/2014 Sell direct 17,000 0.1525 218,000

    STEWART GREGORY S Director 06/06/2014 Buy direct 30,000 0.1000 260,000

    FRALICH MARK Officer 06/06/2014 Buy direct 50,000 0.1000 805,000

    FRALICH MARK Officer 06/04/2014 Buy direct 5,000 0.1500 765,000

    FRALICH MARK Officer 05/15/2014 Buy direct 5,000 0.1000 760,000

    STEWART GREGORY S Director 05/15/2014 Buy direct 5,000 0.1100 225,000
    FRALICH MARK Officer 05/13/2014 Buy direct 5,000 0.1000 705,000

    FRALICH MARK Officer 03/07/2014 Acquisition (Non Open Market) direct 100,000 0.1700 740,000

    STEWART GREGORY S Director 03/07/2014 Buy direct 25,000 0.1700 225,000

    • On February 14, 2015 at 9:41 am,
      Big Al says:

      Thanks CFS,

      All looks pretty good to me! They are an interesting group of principled individuals!

      I know most of them.

      I really think that they have a good business plan.

  6. On February 14, 2015 at 5:47 am,
    D. Armstrong says:

    Al, Do you still follow Rodinia Lithium? What are your thoughts?

    • On February 14, 2015 at 9:42 am,
      Big Al says:

      I know nothing about Rodinia Lithium. Sorry.

    • On February 14, 2015 at 10:33 am,
      Ebolan says:

      Went to grade school with a girl name Rodinia…wonder whatever happened to her…

      I think we are in a twenty year depression…at least….so we will all need a lot of lithium.

      • On February 15, 2015 at 8:39 am,
        RICHARD-DOC says:

        Pretty funny, Ebolan.

        • On February 15, 2015 at 9:31 am,
          Ebolan says:

          I laugh so I will not cry.

  7. On February 14, 2015 at 7:23 am,
    CFS says:

    D.Armstrong, you might want to listen to Mickey Fulp on the Kitco site last week on lithium.

    • On February 15, 2015 at 5:15 am,
      Shad says:

      I didn’t agree with all of his points on that article, even though I respect Mickey Fulp. He didn’t include updated information on what is going on with some of the new battery factories like Galaxy’s big one in China, the Tesla batter factory, etc… He didn’t reference some of the interesting consolidation in the marketplace like Talison, Lithium One, the new plant at Western Lithium that is also starting to produce specialty clays for oil drilling, and on and on. There have been some interesting developments in the last year or two that ole Mick hasn’t been following on anything I’ve read or heard from him on.

      He has the mindset that it was a bubble that people jumped into like rare earths, tungsten, niobium, graphite, and the lot. To some degree that was true in 2010-2012, but it correct back to dust particles, and now the real supply demand metrics are actually reviving the legitimate projects once again.

      • On February 15, 2015 at 5:42 am,
        Shad says:

        Orocobre Limited (OROCF) is my current pick for the space, just put it’s large Olaroz Lithium Project into production, with a Potash division, and they have a Borax manufacturing facility in Argentina. A company like that is a prime takeover target for a larger chemical or fertilizer company or a technology/battery company to ensure their supply source.

        Talison was really making some waves in the last Lithium bubble but was taken down the rest of the sector. However, since it was a valuable project with production, it was eventually realized as a great asset and was taken out by one of the Big 3 Lithium companies. It makes the cast the quality projects are always rewarded.

        I think Western Lithium’s (WLCDF) recent announcement that they were now in production on the line of specialty Organoclays, (profit stream) will cause that company to get rerated. This is going to separate them from the masses with this production center, right as they are at the final end of the line to put their large Kings Valley Lithium Project into production in the near future.

        Lithium One had the fantastic asset Sal De Vida in Argentina, and was acquired by Galaxy Resources (GALXF) in 2012 after the bubble had already popped in the overall space. Galaxy has the world class Jiangsu Lithium plant in China, that currently has a tolling agreement with Talison to process their mined product. Seeing as how Talison just got gobbled up a few years back, and Galaxy is working with them, that puts them on the map. Also, the Asian marketplace does get it, and is interested enough, that they are purchasing this Jiangsu plant from Galaxy right now, and nobody seemed to have noticed or cared (because the sentiment is that bad in Lithium right not…..contrarian indicator that the bottom is definitely in). Once Galaxy is cashed up, it will likely do a reverse stock split, and then work on developing the asset acquired from Lithium one a few years back. They have the experience and now the cash to move this project forward.

        Just a few picks in the Lithium space, that have bottomed, got their noses bloodied, but will rise over the next 2 years 200-400%.

        • On February 15, 2015 at 5:52 am,
          Shad says:

          I just went over to check on Galaxy (GWMGF) after mentioning it above, and realized I had missed an important announcement. Aside from the sale of the battery plant to Sichuan Tianqi Lithium Industries Inc. (out of Hong Kong), and developing their Argentina Sal De Vida project, they have a 3rd iron in the fire now, with a JV on their Tungsten Mine that was just set up with General Mining Corporation Limited (“GMM”) in respect of the Mt Cattlin Project.

          This stock is down to $.018 which is laughable because they have 3 great projects, and are about to be cashed up with millions of dollars. I am waiting to see if they do a reverse stock split after all this business with the sale of the company goes through, and then I made wade in, because it isn’t going out of business any time soon, and is a viable company in the space of mostly ghost properties.

  8. On February 14, 2015 at 7:32 am,
    Mark says:

    WE ARE DEFINITELY NOW IN THE ABYSS, THE BALTIC DRY INDEX recorded another record close…………….DOWN 530 POINTS……….we got a truce going on in the Ukraine, which WONT LAST very long, the U.S. will SEE to that, and we got the GREEKS still trying to make a DEAL with the DEVIL…………..EACH WEEK we get more and more bad economic data, but yet the stock market BREAKS NEW LEVELS……………YES we are truly in THE ABYSS !!!!

    • On February 14, 2015 at 9:42 am,
      Big Al says:

      “They” gotta keep it going Mark. There is no choice!

  9. On February 14, 2015 at 7:38 am,
    Mark says:

    ………..OH……and don’t forget about all the LIES being told………..THEY WILL DO ANYTHING to keep their GOLF GAME from being GONE.

    • On February 14, 2015 at 9:44 am,
      Big Al says:

      That echos my prior comment.

      I am pretty convinced that “they” have little if any choice. Stop and think about it!

      • On February 14, 2015 at 11:47 am,
        Mark says:

        YES THEY HAVE TO KEEP IT GOING BIG AL, because when it all FALLS APART and it WILL, there will be MASS SHOOTINGS and LOOTING taking place through out the NATION, and UNFORTUNATELY…………MASS RAPING of women as well as FIGHTING IN THE STREETS, the AMERICAN PEOPLE will go WILD……………THEY will be COMING IN your HOMES………….it will be CRAZY……………..YOU and I are going to think that we are living in “THE WALKING DEAD………..so LOCK and LOAD everyone………..LOCK AND LOAD………..IT’S COMING !!!

  10. On February 14, 2015 at 8:43 am,
    Dale says:

    Don’t sell the conventional markets; read this for another perspective:
    http://seekingalpha.com/article/2913846-qe-never-left-us-the-u-s-economy-and-stocks-will-grow-faster-and-higher

  11. On February 14, 2015 at 9:13 am,
    Fran Six says:

    Thank god for commodity volatility, otherwise you would not have any sense of reality in the markets. Which makes me believe that the kind of pyramid that everyone is conscripted into fabricating is a very low volatility market on the basis of a wage slave economy.

    The beneficiaries of low interest rates and the initial QE were commodities AFTER the housing bubble burst. Operation Twist saw a change in favour of very overvalued and low volatility equities. I imagine that the whole derivatives complex is dependant on trading volatility as part of the skewed equation.

    http://scharts.co/1aFCSQ2

    • On February 14, 2015 at 9:33 am,
      Fran Six says:

      Meaning high volatility against low volatility, that the whole thing hangs on a differential between the two, which would explain the empty sentiment and low volatility melt up. Markets where volatility differential has been ultimately expended aught to be the course of action.

      http://scharts.co/1EbooB7

      • On February 14, 2015 at 9:48 am,
        Fran Six says:

        The downside volatility is over with since November, but a low volatility meltup is possible in gold prices going forward. The notable volatility in the US Dollar has mostly overwhelmed commodity price Indeces, such as copper or oil,(not gold) you might consider the niceties of a lower dollar and commodities simultaneously.

        http://scharts.co/1EbpFIC

        • On February 14, 2015 at 9:51 am,
          Fran Six says:

          ‘The downside volatility in U.S. Dollar gold prices is over since’

  12. On February 14, 2015 at 9:19 am,
    bb says:

    Is the newsletter going to be sent out soon?, I still havnt ever seen it.

    • On February 14, 2015 at 9:45 am,
      PeterM says:

      Speaking of the news letter, how does one sign up for that? When it comes.

    • On February 14, 2015 at 9:46 am,
      Big Al says:

      Did you get the Weekly Update and the Trade of the Week yesterday.

      As I mentioned in my Weekly Update, The full newsletter will be out shortly. That is a very time consuming piece of work which is why we supplement it with with the Weekly Update and The Trade of the Week.

      • On February 14, 2015 at 9:55 am,
        PeterM says:

        Al, I signed up two seconds ago for email updates; I had already been on your list for weekend show which comes in at 3 in the morning. Will this get me the news letter when it starts? Or is there something else I need to do?

        • On February 14, 2015 at 10:37 am,
          Ebolan says:

          Yup, 3 AM. I’ve got my alarm clock set for it.

          • On February 14, 2015 at 10:57 am,
            PeterM says:

            Just saying it comes in at that time, usually I don’t get to it till Sunday afternoon:
            Lol, funny guy.
            What’s your number encase you miss your alarm.

          • On February 14, 2015 at 11:45 am,
            Ebolan says:

            A true Korelinite wakes up at 3 AM for the email, Peter. 🙂

            …funny guy.

            Yes, that’s what the men in the white coats tell me.

      • On February 14, 2015 at 11:42 am,
        bb says:

        Nope, sent message to yourself and Cory, no response and no weekly update.

  13. On February 14, 2015 at 9:40 am,
    agatha Gisty says:

    Micheal Im surprised at you because the Fed will raise rates and historically gold has gone up under those circumstances… what choice do they have..
    have you read Adam Hamilton on 321gold?
    thanks

    • On February 14, 2015 at 10:29 am,
      Fran Six says:

      They can apply a volatility band to treasury bill prices in the secondary market for treasury bills that allows for negative interest rates.

    • On February 14, 2015 at 10:31 am,
      Matthew says:

      Hamilton is 100% correct. I’ve pointed that out on this board several times in the last few years.

    • On February 14, 2015 at 10:55 am,
      CFS says:

      This year, the sum of mandated social security, medicare etc., payments plus interest on the national debt will equal 100% of all Government income.
      All discretionary Government spending adds to the National Debt.
      Any increase in interest rates will add to the National Debt.
      I do not see how the Fed can raise interest rates without triggering an quick death spiral for the US currency and economy.
      Taxation already exceeds reasonable level and a revolt will occur if attempts are made to raise taxation.
      (it may not be a violent revolution, but more like the one occurring throughout Europe, in Greece, in Spain, in Italy, etc, where voters are throwing out establishment politicians.)

      • On February 14, 2015 at 11:26 am,
        Lawrence says:

        CFS, it is more like when I ski on a steep slope. I cannot go up so only I can hope is to hold tight to get a better landing. I never has experience that there is no ground to land to.

        BTW, is US supposed to have debt limit vote again in February after congress removed the limit temporarily last year. How come I haven’t heard the noise. Has the temporary relief become permanent like suspend of gold standard in 1971?

      • On February 14, 2015 at 12:44 pm,
        Gator says:

        CFS….Most people don’t even realize their taxes are being raised…they are simply aware that they don’t have as much money this month as they did the last never stopping to find out where it went…examples: cable companies..$4.00 per month increase just in fed tax..$.50 per month state tax..water: average of $4.00 per month increase due to federal gov’t mandates…Power: Look out below when global warming legislation is enacted…cell phone acct’s: $2.50 per month increase due to taxes…gasoline: Look out below it’s coming…and on and on and on…the above doesn’t include the new taxes due to obummercare and the hidden tax rate increases hidden in the law….most people will find out in 2015…

  14. On February 14, 2015 at 11:49 am,
    Ebolan says:

    This year, the sum of mandated social security, medicare etc., payments plus interest on the national debt will equal 100% of all Government income.

    Scary.

    Taxation already exceeds reasonable level and a revolt will occur if attempts are made to raise taxation.

    I agree but I can tell you in Colliefornia (as Ahnode Schwartenwhatever calls it) the people continue to vote for tax increases, at least at the local levels. Over half the local iniitiatives to increase sales and property taxes past in the last election and Jerry Brown got a sales and income tax increase through two elections ago.

    And Colliefornia was already a high tax state yet the idiot sheeple vote to be ripped-off even more.

    • On February 14, 2015 at 11:52 am,
      Ebolan says:

      And to make matters worse the idiot voters keep passing all sorts of bond measures.

      They seem to thnk bonds are free money.

    • On February 14, 2015 at 12:14 pm,
      Lawrence says:

      Ebolan, what tax do you have there in California? I live in Alberta, Canada. Even it is the lowest tax province in Canada the tax still pretty high. We have progressive federal tax rate from federal 17% to 29% above basic exemption. We also have 10% flat provincial tax on top of federal tax. We also have 5% good and service tax on everything ex food. Unknown hidden tax on gas. The property tax is around ~0.6%. When you add all of these together it should be over 50% above the basic exemption. I forgot about some surtax for sure.

      • On February 14, 2015 at 1:46 pm,
        Ebolan says:

        “Ebolan, what tax do you have there in California?”

        Hah, what tax don’t you have there? Everything is taxed in Colliefornia.

        There is a marginal income tax of 9.3% that kicks in at around $50k and it tops out at over 13%. (Of course lower income levels are taxed highly also.)

        The state sales tax is 7.5% and many counties and cities tack on more. I believe in come cities in Southern Colliefornia the sales tax is around 10%.

        Colliefornia had the highest gas tax in the country BEFORE it tacked on it’s insane cap-n-trade tax.

        The property tax rate is relatively low but because property values are so high and because there are additional local property taxes the amount of property tax is quit high.

        And pretty much all other taxes are very high.

    • On February 14, 2015 at 1:29 pm,
      CFS says:

      California is a strange case because of the large number of lower income immigrants. I have not looked up the statistics, but I suspect over 50% of the population pay little net tax.
      If you rent you do not see the property tax even though it is part of your rent.
      If you have a larger than average family, which mexicans tend to have, then you have a higher probability on being on food stamps, eligibility for medicaid, and receiving other benefits.
      Thus the vote may not reflect the feelings of the majority of actual tax-payers.

  15. On February 14, 2015 at 12:46 pm,
    glenfidish says:

    Matt,

    I’ve been extremely busy these last two days so I may not get a chance early next week to post.

    My consensus is the following:

    1. Macd on monthly gold looks very good! Now is the time to enter.
    2. Silver is leading the way and evidence of that was on friday. Gold will catch up refer to number 3.
    3. Gold/silver ratio starting to show possible short term bounce over to gold from silver. Longer term silver will outperform no doubt.
    4. GDXJ has bottomed on this move down. Stewie will not get a lower entry point for now. At least not much lower then 25.99.
    4. Gold has hit to the tee a 50% retracement of that 1130 low we put in. I remain 90% confident the low in this move at least is in. The 1220/1217 I told shad I like is going to end up holding and it has. The 1216 printed after market was a bluff.
    5. Gold has rallied in every currency but one so far. The dollar. Dollar is way oversold and is topping or has one last blow of top push before heading down and I expect that move will be the move that allows gold in dollars to break out.
    6. The “Pop” will come in on tuesday early morning. Im hoping that we at least get a window of opportunity to buy in. My buys will be set at multiple levels. I think it will be a quick down and big pop up. We will run until 2nd week of march.
    7. Im expecting 1308 to be broken.

    You heard it here first and this is no competition or pride for that matter. This is simple logic of a trend that was established a good 3 months ago and that is clearly still alive imo. For people to believe that this retracement should get the miners back to november lows is ridiculous. The strong hands in the miners have given up give or take 50% and that’s it for this move. He who is still in from november low, is going to be rewarded.

    Glen is putting his mouth/reputation here and now on the report 🙂

    If anyone feels up to my challenge I encourage to give me numbers,dates and immediate move on gold as I have today. If you can and win I shut my trap.

    cheers

    Glen

    P.s 10% chance move comes on wednesday..

    • On February 14, 2015 at 1:49 pm,
      Irwin says:

      Happy to see you didn’t forget your Arrogance Pill today.

    • On February 14, 2015 at 2:27 pm,
      Matthew says:

      Glenn, I generally agree with the above but I think I heard most of it first between my own ears. 😉 Notice that I didn’t do any hand-wringing last week?

      Silver has been showing relative strength for a while now. GDXJ, SILJ, SIL, and GLDX did manage to finish the week higher while gold and the seniors finished down. Silver outperformed the rest of the sector by a wide margin. This aversion to safety is very bullish. I have an intermediate term indicator that giving gold its first buy signal since 2011.

      Anyone who’s afraid of a big downtrend should continue to avoid silver (while I continue to buy). 🙂
      http://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=20&mn=2&dy=0&id=p42384815914&a=389730467

      • On February 14, 2015 at 2:33 pm,
        Matthew says:

        Silver just hit a lower monthly RSI reading than when it was ending a 20 year secular bear market and trading around $4. Does that, along with other considerations, mean that $14 to $15 is the new, inflation-adjusted $4.00? Yes, I think so.

      • On February 14, 2015 at 4:46 pm,
        Matthew says:

        Glenn, to be clear, I should have said “I generally agree with YOUR comments above.” 🙂

      • On February 15, 2015 at 9:33 am,
        Matthew says:

        My apologies for my monthly charts, I didn’t realize that they do not show as intended.

      • On February 15, 2015 at 7:03 pm,
        glenfidish says:

        Matt,

        There is no doubt that you have been a leader in here on what I have posted. Im making a call that I wanted to share with you and the community. If some feel im arrogant, full of myself or want to judge me as a person without knowing me personally, well that’s there own merit. I have no time for nonsense nor people who add absolutely no value to the board in helping others make money. The bottom line here is making money.

        I consider myself to be confident in my abilities and possess a high degree of intuition that has always paved the way to my success. If that is arrogant then label it as such. But this glen is far from it. I have a bigger heart then many can imagine. Im the guy who walks into a high end steakhouse with my family and pays for my bill ending with and thank you and god bless. Im not the banker or bankers or financial group of balls who sits in the corner in groups of four or eight sipping on 1000 dollar bottles of wine and going about like there shit don’t smell. So yes im offended because my mother raised me well and arrogance is a wrong, very wrong word to describe me. Im not that group nor do i ever desire to be. Im the guy matt that was home grown family man with values and big heart. In fact just like al,cory,doc, and gary. Yes they are all stand up guys and I have not even met them personally but I don’t need to because one just knows. Matt your a good guy in my books and anyone who questions your motive or beliefs in anything is insecure with themselves. Bird that is not intended towards you. Everyone has freedom of speech. I actually don’t mind bird despite the feud between both of you because he does offer value to this board and has made numbers calls and that i respect.

        But there are some who feel the need to post after hours and write a poem that one needs a thesaurus and dictionary and portrends to be a good guy yet within his poems comes out like a jack ass and one of those who sits in the corner of a steakhouse like his shit don’t smell.

        Im yet to see someone other then bird make a bear call with numbers like his 1200 call and help someone make money short term then become a broken record with we are “going down” since November or watch what’s coming. Cry me a river!

        There are few that make money and many who run there mouth.

        Take my call as a call no more no less. A call that can be used by both bears and bulls in the short term to make money.

        That is my point. Egos aside is a check at the door for both bears and bulls.

        • On February 15, 2015 at 8:11 pm,
          Matthew says:

          Glen, you’ve proven yourself to be an astute market observer with good instincts. I think those who live and operate in the markets everyday can see that and welcome whatever thoughts you’re willing to part with regarding your expectations. I know I do whether I agree or not as it helps to keep me tuned-up, so to speak.

          For the funny few who have a problem with discussions about gold and the miners, Al should start a board called The Spectator’s Corner. 😉

    • On February 15, 2015 at 12:35 pm,
      Shad says:

      Good thoughts as always Glen. Cheers to you sir!!

      • On February 15, 2015 at 2:43 pm,
        glenfidish says:

        Shad,

        Thank you kindly and you have been instrumental throughout the week showing us the different levels of support.

        • On February 17, 2015 at 8:23 am,
          Shad says:

          Good call Glen and Rick on the 1206 level from prior weeks. I pulled out of JNUG on Friday and am glad I did, because I finally saw us taking out lower lows before the bounce, with the lack of conviction last week. I am still expecting a bounce, but not one that will get much past 1259 or 1272.

  16. On February 14, 2015 at 3:43 pm,
    agatha Gisty says:

    Bird– you definitely have an agenda… you troll…
    does anyone listen…?

    • On February 14, 2015 at 4:20 pm,
      Birdman says:

      Care to elaborate?

    • On February 14, 2015 at 4:21 pm,
      Matthew says:

      +1
      His comment at 12:00 pm is just absurd from start to finish.

      • On February 14, 2015 at 4:36 pm,
        Birdman says:

        Not really Matthew, it is the outline of system we have already, is it not? The point is….what is money if not something that we all agree on…in which case it does not matter its content as long as it can be used.

        • On February 14, 2015 at 5:34 pm,
          Vortex says:

          Bird,

          Sorry to butt in bro, but I have to ask why in the world do you continue to engage in this completely fruitless and meaningless discussion on “what is money” with folks who will never entertain your philosophical views on this subject.

          You are not going to change anyone’s closed mind who’s entire embodiment of monetary beliefs evolve around only gold and who are eternally wedded to the illusion that only “gold” can be money. This thought process is nothing more than metastasized quackery that’s as bad as any gov enforced legal tender laws anywhere in the world.

          The greater populace of this cultish metallic group-think can’t be moved to understand that, as you say, anything can be classified as money if the greater consciousness of society agrees that it is money.

          In the future money is going to be digits on a computer screen. There will also exist in time and space hundreds of other forms of value that humans desire that will be used as a form of money.

          This debate is starting to drive me ******* crazy because of the unrelenting redundancy of the low-grade illiteracy that is constantly being cramming down everyone’s throat as to what money is and in what form it must exist to be classified as money.

          Money is nothing more than an exchange of an agreed upon arbitrary value in whatever form (potentially hundreds of forms) that two or more parties freely agree upon while consummating a transaction.

          I know you mean well, but I don’t know why you punish yourself and expend so much energy on a subject so damn hopeless.

          V

          • On February 14, 2015 at 5:50 pm,
            Matthew says:

            +1 for the advice to BM. A big thumbs down on the rest of the nonsense.
            Birds of a feather… 🙂

          • On February 15, 2015 at 7:20 am,
            Temple says:

            Personally, I’ll observe that tobacco, whiskey and chocolate bars have proven to be just as effective as money as have precious metals and mos other substances.

            The main problem most people have with discussing money is they have forgotten its role. It is not a be-all and end-all in itself. It is simply a means of exchange, with the purpose being much like what Vortex simply explains.

          • On February 15, 2015 at 8:09 am,
            Matthew says:

            -1
            Yes, chocolate bars and even hot potatoes can work as currency, but they are terrible stores of value.

            Tobacco, whiskey and chocolate are suboptimal units of account, or numeraires because each varies in quality and therefore value —like diamonds. They lack fungibility.

            Tobacco, whiskey and chocolate are also not very portable or convenient. But more importantly, each is a terrible store of value and has a low value for the space it takes up making each unsuitable for savings.

            “Gold has worked down from Alexander’s time… When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory.”
            — Bernard Baruch

          • On February 15, 2015 at 9:21 am,
            J........THE LONG....................OOTB says:

            “it is simply a means of exchange”per Temple…….should say……FAIR AND EQUAL MEANS OF EXCHANGE.

          • On February 15, 2015 at 10:23 am,
            bb says:

            Temple is right, there was an article a few days ago about a person that really did live thru tshtf scenario, what he said was gold was only good for the first short while, then lighters, antibiotics, food, ammo and alcohal became valuable.
            Another thing he said was that anyone on their own ended up dead eventually, people needed to stay in groups to survive.

          • On February 15, 2015 at 11:06 am,
            Matthew says:

            Ridiculous bb. Those are items that can act a little like money during extreme situations, much like cigarettes in prison, but they hardly possess the characteristics that naturally make gold the best money.
            Those who had gold in Hungary in the 1940s will tell a different story than the person in your scenario.

          • On February 15, 2015 at 11:30 am,
            bb says:

            Mathew, that’s what he said, ammo,alchohal,lighters and antibiotics became the most valuable thing, next to food.
            You might think its rediculas but to me its very logical.
            What I personally got from it was the importance of antibiotics.

            Take from it what you will.
            The article was on zerohedge or silver doc if you want to go read it.
            I think his personal experience has merit.
            Just me I guess.

          • On February 15, 2015 at 11:32 am,
            bb says:

            Also, I am aware that gold can get people out of desperate situations.
            This guy obviously had no way out, so he lived thru it.
            Bit of a difference there I would say.

          • On February 15, 2015 at 12:33 pm,
            Matthew says:

            Do you remember what country he was talking about or if he even owned any gold to begin with. “Personal accounts” are a lot like eyewitness testimony in that they are not nearly as reliable as most think.

          • On February 15, 2015 at 12:50 pm,
            bb says:

            Bosnia maybe, cant swear to it tho, somewhere around there.
            Read the article if your interested, was just a day or so ago, cant be that many pages to go thru.

            He didn’t say if he had gold or not, just that it lost value pretty quickly, other things were more in demand.
            Necessity I would imagine.

          • On February 15, 2015 at 2:22 pm,
            Vortex says:

            Chris,

            Thanks so much for being apart of the daily commentary. Al really did well in picking you, Doc, Gary and Rick as regular contributors.

            Respectfully

            V

      • On February 14, 2015 at 4:47 pm,
        Birdman says:

        And as an aside, if you think (in your wildest dreams) that gold will be fully monetized during the next global currency agreements you are in for a mighty big surprise. The worlds economists, Finance Ministers and Banks are going to sit down and work out an arrangement that is an evolution along the path of what we already know but one that will be even more closely adapted to our new technologies. One of the things that they will work on is developing a means to reduce the kinds of inequities that flow from our existing system. Gold bugs will no doubt attempt to influence the outcomes but anyone enlightened will not be listening. The world does not need a replay of the Neanderthal money you love to espouse.

        • On February 15, 2015 at 7:21 am,
          Temple says:

          Even William Jennings Bryan had that figured out over a century ago. A workable monetary/exchange system must be practical and meet people’s needs; not be an end in itself.

          • On February 15, 2015 at 8:56 am,
            Matthew says:

            The gold standard that Jennings railed against was not the same as the Constitutional bi-metal standard that had existed before. He was against the new system, probably not gold itself.

            I think it’s obvious that the best system for all is no official system. People should be able to deal with one another freely.

            Those who have no confidence in free markets simply haven’t studied much on the subject. Even worse, most have swallowed a lot of propaganda.

          • On February 15, 2015 at 10:53 am,
            Temple says:

            Bingo, Matthew…even Ron Paul has come off his one-time dogmatic advocacy of a gold standard, and is more likely to be heard these days arguing for the markets (i.e. – people) to choose their own form(s) of money, free of the Fed and otherr top-down dictates.

  17. On February 14, 2015 at 4:00 pm,
    bb says:

    lol, obviously he has an agenda, its to get everyone to move to east Africa.
    He hasn’t come out and said it yet, but Im sure he will start with very good arguments for it.
    That’s funny agatha.

    • On February 14, 2015 at 4:34 pm,
      Birdman says:

      I better keep quiet then bb, or it will be paradise lost. But yeah, life is pretty fine over here if you are outside the cities and are not bothered that you cannot find all the amenities of home. Its a lot slower and you can still see the stars at night. On the negative side I almost got run down by a horse and carriage the other day when I was waiting at a crossroad!

  18. On February 14, 2015 at 4:57 pm,
    bb says:

    You did actually get me thinking enough to open my eyes Bird, thx for that, at one time I felt the only thing that was money was gold, now I think, well, otherwise.

    I also think we will move to digits, (think Ive said this) but we have SDRs to go thru yet, and they should replace the dollar as the world reserve currency.
    Maybe they call it something else at the time, Rickards could have too many people suspicious. lol

    • On February 14, 2015 at 5:23 pm,
      Birdman says:

      I have something you might enjoy looking at. It is a history of Money by the Bank of Canada titled “From Beads to Bytes” and it discusses some of the hundreds of forms of money that have been around since people first began trading. There are some great photos from their collection that include feathers, beads, salt and scrip.

      From Beads to Bytes – The Bank of Canada currency collection — 2008
      http://www.bankofcanada.ca/wp-content/uploads/2010/07/beads_bytes.pdf

      • On February 14, 2015 at 8:20 pm,
        bb says:

        interesting Bird, but all those examples were not made of gold or silver so I don’t understand how we can be sure of it.

        It really is a pointless debate, Vortex is right.
        I really didn’t mean to start anything, its just Wayne said all fiat currencies failed, don’t blame him Casey and Maloney are saying as much, anyway, just thought I would give an example or two just to show they were not quite accurate.

        Pointless debate tho. good link.

  19. On February 14, 2015 at 5:15 pm,
    bb says:

    Speaking of Rickards

    Jim’s summation, starting at 1:26:30, is outstanding—and for sure music to your ears. “As long as America is a country where innocent bystanders are getting smashed and stripped—and bankers are being left alone, America is in decline.” [Jim specifically singles out JPMorgan as “the most corrupt enterprise in history”—along with the other big New York banks. – Ed] It’s worth listening to that part alone just to hear him say those words.

    This is an intelligence squared debate

    I couldn’t find it on u tube yet but for anyone that can get to their site, might be interesting.

    sry, my linking is horrible so it would have to be googled.

    • On February 14, 2015 at 5:49 pm,
      Markedtofuture says:

      Jim Rickards @JamesGRickards · Feb 12
      While the talking heads are disparaging #gold, guess what insiders at the central banks are doing? They’re buying: http://bloom.bg/1vGcAHY .

  20. On February 14, 2015 at 5:35 pm,
    Matthew says:

    Tom Woods gives a great speech about secession:
    https://www.youtube.com/watch?v=qTl_HDBH7Io

  21. On February 14, 2015 at 5:47 pm,
    CFS says:

    As much as I enjoy visiting Greece, I hope the EU throws them out.

    http://www.telegraph.co.uk/finance/economics/11404160/Greece-threatens-tilt-to-Russia-and-China-unless-Europe-yields.html?WT.mc_id=e_DM1085&WT.tsrc=email&etype=frontpage&utm_source=email&utm_medium=Edi_FAM_New_2015_02_15&utm_campaign=DM1085

    The damned ingrates.
    The EU has paid for much of their modern infrastructure, and yet they still just want to be given more money!

    Frau Merkel, Please hold the line.

    • On February 15, 2015 at 8:42 am,
      Lawrence says:

      Agree CFS. I hate people who borrow with the intent not paying back. What they are doing is dishonest, immoral and stupid. Their tactics is not new. It has been used by many countries or states in the history. It worked some time and other time they were occupied and enslaved. I really hope they are punished. I am not pro-EU. But what they have done is against the human value system.

      • On February 15, 2015 at 12:11 pm,
        Lawrence says:

        I mean that Greece has done is against the human value system.

  22. On February 14, 2015 at 6:00 pm,
    Matthew says:

    For bb, Birdman and Vortex:

    “All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.” — John Adams, letter to Thomas Jefferson.

    To understand how profound Adams’ observation was, one must study.

    • On February 14, 2015 at 8:22 pm,
      Birdman says:

      Study this Matthew; I am one of his descendants.

      • On February 14, 2015 at 8:53 pm,
        Matthew says:

        Meaning……??? You don’t have to know what he knew because one educated person per bloodline is enough?

  23. On February 14, 2015 at 8:59 pm,
    Chartster says:

    Lol

  24. On February 15, 2015 at 3:19 am,
    Andrew de Berry (Rev) says:

    And now for something completely different.

    http://viduki.com/video/18937/Where_does_she_keep_it_all

    • On February 16, 2015 at 2:47 am,
      Shad says:

      That was different! Thanks for posting. I couldn’t believe where all that was coming from by the end.

  25. On February 15, 2015 at 6:19 am,
    CFS says:
  26. On February 15, 2015 at 6:49 am,
    CFS says:
  27. On February 15, 2015 at 7:56 am,
    agatha Gisty says:

    why are china India Russia importing /buying so many tons of silver & gold…/
    why were we the mightiest nation in the world taken off the gold standard in 1971..?
    why were 2 american presidents assassinated for wanting to back our currency in silver?

    Money as we all subscribe to is an exchange of perceived value..chocolate does have value…….

  28. On February 15, 2015 at 7:57 am,
    agatha Gisty says:

    very funny Matthew… good one!!! 😉

  29. On February 15, 2015 at 7:59 am,
    Andrew de Berry (Rev) says:

    I thought she was the US Treasury’s poster child for QE cfs!

  30. On February 15, 2015 at 8:57 am,
    RICHARD-DOC says:

    It’ll be interesting if the Fed does raise rates symbolically in the near future. The only thing to derail that possibility is if the conventional markets finally start their plunge. There are other data points that should avoid the possibility of raising rates but the Fed might really think we have an underlying improving economy even though it’s teetering on a ledge over looking the abyss. The forces of deflation/inflation continue to battle with no clear winner yet apparent. In spite of deflationary forces, gold has surprisingly held up well. It along with the dollar is being traded more like a currency although not officially decreed a currency. Eventually a modified gold standard may be forced on the world. If as a % of backing of fiat currencies, it’s store of value will increase immeasurable. Gold will slowly seep into the back recesses of more of the minds of the gold illiterate American population over time, whereas the rest of the global population already have a hard understanding of its’ relevance. I’ve read many of the ongoing comments about gold and currencies. Currently gold is not a currency and will not unless legislated. I don’t believe gold in our lifetime will be a recognized currency again. However, gold is money as a store of value and that will remain and become even more important as we witness the race to the bottom by competing currencies. I would rather not own any tangible asset more then the time honored true store of value, GOLD.

    • On February 15, 2015 at 9:27 am,
      Matthew says:

      +1

      • On February 16, 2015 at 1:02 pm,
        Shad says:

        Well said Doc!

    • On February 15, 2015 at 11:27 am,
      Dick Tracy says:

      The Canadian mint is now producing a one ounce silver coin that has a value stamped on it that say’s fifty 50 dollars and they are charging an equivalent amount to buy this coin. To me that means they are quietly restoring precious metals as a currency. Why wouldn’t all one ounce coins be worth $50 CDN, stay tuned?

      • On February 15, 2015 at 11:36 am,
        J........THE LONG....................OOTB says:

        I noticed that……and I thought something is up………………

      • On February 15, 2015 at 11:41 am,
        bb says:

        They been doing that for years DT.
        Even the maples say $5.

        • On February 15, 2015 at 11:50 am,
          J........THE LONG....................OOTB says:

          bb….I think what he is saying……ONE OZ of SILVER is now labeled $50 ….which is what it might potentially be REVALUED at, if WILLIE is correct, along with what others are saying.

          • On February 15, 2015 at 12:25 pm,
            bb says:

            J, there are many once pieces with multiple dollar values on them, they been doing it for years. Gold coins with different face values get smaller too.
            Apperantly you can get “face” value for them but they are really for collecters.
            A person is much better off with maples.
            If you go to the mint site you will see what I mean, Waaay overcharge for these coins gold or silver.
            The mint makes a mint on them.

          • On February 15, 2015 at 12:39 pm,
            J........THE LONG....................OOTB says:

            FIND ME ONE oz. SILVER with a face value of $50

          • On February 15, 2015 at 12:46 pm,
            J........THE LONG....................OOTB says:

            I am referring to a GOVT. MINT………….no bogus pretend mints ….LIKE FRANKLIN MINT

          • On February 15, 2015 at 12:57 pm,
            bb says:

            Good greif J, just go to the royal Canadian mint website and see what they are selling, maybe its 50 this month maybe not, no idea, all I am saying is this stuff has been going on for years. they got 20s 10s 5s even 100s on occasion I believe. These coins are for collecters. Heck, you can even get them with gems or coloured glass imbedded.

            It doesn’t mean we are about to revalue silver to $50 an once.

          • On February 15, 2015 at 1:22 pm,
            J........THE LONG....................OOTB says:

            GOOD GRIEF..bb…….I went to the Canadian Mint as you suggested….
            the only ONE OZ SILVER COIN with $50 printed on the coin, was the 2014 owl, and 2015 beaver…….So, the thought of the govt. revaluing one oz. of silver is still in play, since all the other coins one oz. silver coins have $25 or less printed on the face.

        • On February 15, 2015 at 11:55 am,
          Dick Tracy says:

          This time it is different because they are marketing it on many more websites then their own and if you go to what’s for sale GC surplus which is a Canadian government website where they sell confiscated jewelry like once maples they typically sell for $60 CDN. Don’t ask me why but I’m assuming the average joe isn’t that well informed.

          • On February 15, 2015 at 12:28 pm,
            bb says:

            Your right about the average guy not being well informed if theyre paying $60 an once.
            But as I said to J, these are for collecters, on kijjijji there is a community that trades and sells them to each other to fill collections.

            Have never heard of the mint selling confiscated anything much less jewelry, that’s a new one on me.

          • On February 15, 2015 at 12:34 pm,
            bb says:

            Just thinking DT, are these things sold because the police took them due to criminal activity, they confiscate cars, property etc and auction them off.

          • On February 15, 2015 at 12:47 pm,
            Dick Tracy says:

            bb, it’s not the mint selling these coins, the one once maples (that say $5) are sold on a CDN Federal Government website and are auctioned off with a minimum bid. They are confiscated, and they tell you that. They also sell furniture, scrap metal, or a myriad of other items that they no longer want including aircraft, cars, boats, tractors you name it they have it.

        • On February 15, 2015 at 1:03 pm,
          bb says:

          Just remembered, I did actually buy one of these, its a maple with a gold plated maple leaf, stunning coin, but I bought because Its the best coin Ive seen In years.
          I collected coins for years too J. Canadian anyway.
          My dad actually ran with the crowd that started with the books on it in Canada, before they were written he used to get a set every year from the mint, that was the only way to get them then, for varieties he had to get lucky at the banks. or buy one from the small group of collecters at the time in N.Van.

          • On February 15, 2015 at 1:05 pm,
            bb says:

            Oh IC DT, makes sense.
            Could be some neat stuff.

          • On February 16, 2015 at 3:50 am,
            J........THE LONG....................OOTB says:

            bb………I have some great Canadian LARGE CENTS I would like to donate , have anyone in mind…….

          • On February 16, 2015 at 1:37 pm,
            bb says:

            I think those pennies are neat, a museum maybe?
            I have 1 left, 1917, I keep it in my pocket, no value to it.

  31. On February 15, 2015 at 9:29 am,
    derek says:

    Rick A & Chris T,
    Do u think bond bubble has finally burst? Looking at TLT and VGLT for January and even November thru January it looked parabolic. Those were stock like returns! Then here in February the long US bond has broken down again (but it has appeared to do that several times in the last year, only to recover). Do you think this long bond trade is done? Curious to know your reasoning, and if u saw Dan Norcini post on this last Friday?
    traderdan.com/?p=2390

    • On February 15, 2015 at 2:34 pm,
      Temple says:

      No, I don’t think it’s done. There were 2 notable times last year that Treasuries not only sold off, but broke their up trend lines, only to resume the rally. This time around – so far – TLT has not broken its up trend line.

      Low rates elsewhere, trouble in the world and the US economy doing less well than advertised should all combine to push long-term rates down even more before this is all said and done.

      • On February 15, 2015 at 3:37 pm,
        derek says:

        Thanks Chris for the insight. I am admittedly not strong on technicals, so I therefore seek thoughts from others such as yourself. Fundamentals certainly point to your conclusion. With rates so low on the Bunds and the JGBs, I would think too that US bonds should resume their rally.

      • On February 16, 2015 at 1:00 pm,
        Shad says:

        Good thoughts Chris T. I have a feeling we’ll be seeing TLT start the uptrend again in the very near future.

  32. On February 15, 2015 at 9:57 am,
    Birdman says:

    We have seen this story before…..and it just gets more gruesome each time it is told anew. Americans are seriously financially stressed and survey after survey keep telling us the same damn thing. The typical citizen is just a paycheque away from insolvency and being cast out on the street. It is really incredible on the face of it that more than 6 in 10 don’t even have any money set aside for a minor rainy day event. This latest report from Market Watch tells us the 62% don’t even have a 1000 dollars to meet an emergency!

    One thousand lousy bucks. I can hardly even believe the stats when I read them. Too incredible for words. Does everyone else think this is true? Somebody is fiddling with figures maybe to make life look a lot worse than it really is. I don’t know even one person who is that broke.

    And I live in the Third World!

    Most Americans are one paycheck away from the street
    http://www.marketwatch.com/story/most-americans-are-one-paycheck-away-from-the-street-2015-01-07

    • On February 15, 2015 at 10:05 am,
      RICHARD-DOC says:

      And that could be why the large drop in gas at the pump has not shown up in retail sales which are dropping like a rock. I believe the beleaguered middle class is taking the gas reprieve and putting it into savings or paying down the mortgage and credit card debt—-also maybe tuition owed. One has to remember the drop in median income over the last 6 years. Of course, how does one explain the slow increase in consumer confidence?

      • On February 15, 2015 at 11:14 am,
        Dick Tracy says:

        The large drop in gas prices has done nothing in Canada or in the rest of the other world for the consumer because our currencies have taken a beating from devaluation in terms of the US dollar. Our government’s are also in huge debt and what little might have gone to the consumer soon get’s melted away by increased taxation and user fees that don’t get reversed when the price of oil turns around. Greece is not a phenomenon it is world wide. If our governments weren’t in need of our capital like one other poster said they could simply print money and end taxes forever.

    • On February 15, 2015 at 10:33 am,
      bb says:

      Bird, other than a few years with my own businesses (10?), the army(2) and poker(6), Ive lived my life as a tradesman, I know/ have known many people in that situation.
      I have to say I believe its true. One paycheck away no money in the bank.

      • On February 15, 2015 at 10:44 am,
        Andrew de Berry (Rev) says:

        bb Since Obama came to power 6 years ago the US has doubled its debt, doubled the number of people in poverty and decimated the middle classes. The same process beginning to happen over here, just give it another two years.

  33. On February 15, 2015 at 10:07 am,
    RICHARD-DOC says:

    I might add that the psyche in deflation is to hoard cash. Maybe deflation is winning out currently.

    • On February 15, 2015 at 10:46 am,
      Matthew says:

      It’s interesting that gold beat the dollar by 5%+ in 2008 and is down just .75% since the start of ’14 even though the USDX is up 16%.
      With gold rising about 8.6% vs the USD since its November low while the USD rose about 7% vs its major fiat peers, I think John Exter’s pyramid is accurate.

      • On February 15, 2015 at 11:16 am,
        RICHARD-DOC says:

        I happen to think positively about Exeter’s pyramid—-and the last man standing is gold. I know folks probably weary of me saying it but gold has, is, and will be in the longest bull market the globe will have ever seen before it’s over.

        • On February 15, 2015 at 11:52 am,
          Matthew says:

          Couldn’t agree more, Doc.

          • On February 15, 2015 at 6:50 pm,
            SD Marc says:

            DITTO…Doc and Matthew!

        • On February 16, 2015 at 12:58 pm,
          Shad says:

          Agreed Doc. This 4 year bear has just been a counter-trend move in a much larger Gold bull market.

  34. On February 15, 2015 at 10:09 am,
    Chartster says:

    Doc,

    Good post!
    The fed raising rates will happen after or when we go back to asset based currencies. As it will be a liquidity creating event. Gold and other assets will back currencies. That’s why oil has dropped so much. They had to get it to it’s ” real value ” so it can be pegged as one of the assets.

    Gold will go up, but we will see the big washout before it starts the multi year run up. I expect it to happen real soon. With such a big event , and how well they are hiding it, hard to say when it will happen.

    With the gold technicals pointing down, and the dollar indicators pointing down, it looks like now! Many other EM indexes have bottomed and taken off as well as our commodities index. That tells me the fundamental change from fiat to asset based currencies is right here upon us!

    • On February 15, 2015 at 12:18 pm,
      Lawrence says:

      Chartster,

      Oil drop has nothing to do with returning to real value.

      You are way too early on this asset based stuff. I think a pure asset based currency will not come in our life time and a partial asset backed currency is possible. JMHO.

      • On February 15, 2015 at 12:28 pm,
        Chartster says:

        Lawrence,

        Back in late 08 they deregulated the speculation or the derivatives on oil. Also the global economic crash happened at the same time. Oil consumption got almost cut in half and there was a huge oversupply. Yet the price doubled!

        Now they have put new regulations on the speculation of oil and the price has dropped. It’s about to be all about supply and demand. But from 08 to now it was speculation that was driving the price, period!

        • On February 15, 2015 at 12:37 pm,
          Chartster says:

          No offense Lawrence, but if you don’t know that the world us going to asset backed currencies, you are as clueless as the masses..

        • On February 15, 2015 at 2:06 pm,
          Lawrence says:

          Global oil consumption is up from 85 million barrels/day in 2008 to 93 million barrel a day in 2014. Oil consumption cut in half? No chance.

          http://www.indexmundi.com/energy.aspx

          Way off base.

          • On February 15, 2015 at 2:48 pm,
            Chartster says:

            You might wanna go look at that again. The consumption dropped in 09 when the oil price doubled.
            And so what happened this year?

          • On February 15, 2015 at 3:13 pm,
            Lawrence says:

            Doubled from what? The price reached 147 in the summer 2008 and I think the highest price in 2009 was less than $90. The price was way oversold due to financial panic in 2008 and then it recovered to reflect more realistic price. Depending where you pick the price it may mean nothing. In short term the price is what the other guy willing to pay at that moment. Fundamental only plays a role in long run, I hope I don’t have to state this,it is basic investment knowledge.

            Hope you know about oversold and overbought concepts. Price follow the supply and demand but it may change due to other reasons in short term, like now.

          • On February 15, 2015 at 3:16 pm,
            Lawrence says:

            If you want to know what happened this time, you can find out the talks by Saudi prince and Obama.

            I bet the price is going much higher this time next year. Unlike gold, it is very difficult to store oil.

          • On February 15, 2015 at 3:39 pm,
            Chartster says:

            Lawrence,

            I already know what happened and told you. It’s that simple.

            You know that everything has been manipulated by derivatives and fiat currency, and then when the price drops you somehow change the tune saying ..now… It’s a supply and demand thing…? Cause CNBC and bloomberg script readers say so?
            Heh heh, knock ya self out..

          • On February 15, 2015 at 3:58 pm,
            Lawrence says:

            I never say it is supply demand for oil. I said there are other factors. There are a lot of manipulations. The price of PM says it all. It is more difficult to manipulate something like oil which is important but does not have high value per unit volume. But there is manipulation in relatively shorter periods, they could manipulate it down (like now) and can manipulate it up (like 2008) but they cannot push it in one direction like for PM. There is simply no above ground supply. Paper PM can make investors happy but paper oil cannot be used as energy.

            However, anything said above does not justify your oil demand cutting to half since 2008 assumption. You have to prove it before claiming it.

          • On February 15, 2015 at 6:55 pm,
            Chartster says:

            Lawrence,

            Fair enough. If you look at trucking and shipping, it was cut drastically. Don’t know the percentage, but didn’t claim 50% either!
            Your point is an Abbot and Costello skit. Who’s on first?!

            I’m not saying it’s speculation and I’m not saying it’s supply and demand?! ( you ain’t saying squat! )

          • On February 17, 2015 at 8:51 am,
            Birdman says:

            You are making me laugh Chartster!

      • On February 15, 2015 at 7:24 pm,
        glenfidish says:

        Lawrence ditto..some are just clueless and spitting the same nonsense since November. I now believe there are payed shills in here 100%.

        • On February 15, 2015 at 7:38 pm,
          Chartster says:

          You are clueless, Glen

          Gold to the moon….

          • On February 15, 2015 at 7:40 pm,
            Chartster says:

            The miners have bottomed the miners have bottomed….

            Yeah

          • On February 15, 2015 at 7:56 pm,
            Chartster says:

            You might want to have a good marinade for that crow, Glen.
            Lol

          • On February 15, 2015 at 8:46 pm,
            glenfidish says:

            charts you couldn’t hold my water bottle yet alone try and show credibility on here! Your tune is a lost one my friend. Now that deserves a big fat lol.

            your on the ignore now..

            asta la vista.

  35. On February 15, 2015 at 10:32 am,
    agatha Gisty says:

    Doc with all due respect…the U.S. is not the only nation regarding currency.
    Are the consumers really an intelligent gage….??

    • On February 15, 2015 at 12:18 pm,
      RICHARD-DOC says:

      Historically, no. It could be they’re more confident as far as not losing their jobs currently and that they’ve moved off the edge of the precipice a little further.

  36. On February 15, 2015 at 10:36 am,
    agatha Gisty says:

    Doc, gold is up in all major currencies except the U.S.
    Canada….??

    • On February 15, 2015 at 11:13 am,
      RICHARD-DOC says:

      And that’s due to the strengthening dollar. When the dollar starts to move down again, it’ll be a positive for gold.

      • On February 15, 2015 at 7:27 pm,
        glenfidish says:

        Doc,

        gold is ready to go much higher not lower once dollar and very soon heads south to florida. Your bang on. They have everyone thinking gold will trade down with dollar lol.

  37. On February 15, 2015 at 11:11 am,
    Matthew says:

    This is worthwhile (I disagree with Fekete and agree with Mises on the part about the demonetization of silver):
    http://www.fame.org/htm/Fekete_Anatal_Whither_Gold_AF-001-B.HTM

  38. On February 15, 2015 at 11:16 am,
    Matthew says:
    • On February 15, 2015 at 2:24 pm,
      J........THE LONG....................OOTB says:

      great article……….thanks for posting……………….j

  39. On February 15, 2015 at 11:54 am,
    Matthew says:
  40. On February 15, 2015 at 1:06 pm,
    Chartster says:

    Nice chart Matthew!
    Been watching that downer too

  41. On February 15, 2015 at 2:38 pm,
    agatha Gisty says:

    Doc… I know- I am just joining in the money- currency/gold discussion.

  42. On February 15, 2015 at 3:20 pm,
    agatha Gisty says:

    For anyone interested in Adam Hamilton he is on 321gold Fridays pm. And on safe haven.. ditto. He is at Zeal Intelligence.com.- subscription service.
    He is the most honest and most competent analyst in the precious metals arena. In my very humble opinion

  43. On February 15, 2015 at 6:53 pm,
    SD Marc says:

    Adam Hamilton seems to have his s_____ together!

  44. On February 15, 2015 at 8:05 pm,
    HEAVYHITTER says:

    http://www.youtube.com/watch?v=W5ukcNzjgC4

    HAPPY…..V…DAY….

    Re: Gold NWO ..Guess What ?? Your plans are not the NWO plans.
    Click on the video. Now, after you watched the video God Help You….

    IF…..YOU DON’T HAVE A FEW CLUES. What about you geniuses out
    there. You have an escape route. What about a nuke up your arse.

    Because the NWO plans on whacking every gold and silver bug.

    Conspiracy theory, nope. That’s not an M.P.

    ITS A ..Y.P. and you know it.

    AGAIN…YOU HAVE BEEN WARNED !!!!!!!!

    ( Please do not message me. Its a warning and debates are prohibited )

    Well, ….unless you want me to laugh at the B.S. spewing out of that pie hole
    and of coarse I’m incl. all you chili beans out there. D.A. ..lol

    • On February 15, 2015 at 8:52 pm,
      HEAVYHITTER says:

      Here are some scene’s of the future in preparation for NWO.
      For those in denial and naive. Complete chaos coming to our
      communities and way of life.

      THE ….NWO….Do a … Clickie on the video and exit denial.

    • On February 16, 2015 at 3:44 am,
      J........THE LONG....................OOTB says:

      NWO………is…………..OWN ….. backwards…………………

      • On February 16, 2015 at 3:46 am,
        J........THE LONG....................OOTB says:

        good morning, and hope everything is going well……..thanks for the video………..j.

        • On February 16, 2015 at 7:12 am,
          HEAVYHITTER says:

          J…..I never thought about that.

          Thats what they plan on doing..OWN…everyone and everything.

          If some of us survive.

          Thanks for the update..own !! Hope you are doing great.

          • On February 16, 2015 at 7:19 am,
            J........THE LONG....................OOTB says:

            HH……1 JOHN 4………..good one for today…………..thanks for asking, I am doing great ……………….

          • On February 16, 2015 at 8:43 am,
            HEAVYHITTER says:

            J……thanks …read John 4. I love the New Testament.

            and yes many false prophets.

            Looks like an all out war is developing between US and Russia.

            NATO will start Armageddon. Everything is playing out just as
            God said it would. Still, many are not going to believe until its
            too too late.

            The closer it gets, the less they believe.

            Ding…ding…ding…. : )

          • On February 16, 2015 at 10:46 am,
            J........THE LONG....................OOTB says:

            HH…………..I was thinking of …………..1 JOHN 4 : 6…….

        • On February 16, 2015 at 11:02 am,
          HEAVYHITTER says:

          J…..its the day we live 1John 4- 6

          So true J…they hearth not.

          Why ? They listen to their father satan who deceiveth the world.

          Prince of this world and who controls all nations.

          Bad is good….good is bad. They love darkness.

          Thanks for sharing J….excellent scripture. : )
          .

          • On February 16, 2015 at 11:14 am,
            J........THE LONG....................OOTB says:

            Always glad to share,,it is dang hard to find anyone to listen, or even know what one is talking about……always glad to hear from you…………….have a blessed day………….j……….

          • On February 16, 2015 at 11:33 am,
            HEAVYHITTER says:

            Thanks J….you too.

            However, no one is listening because we live in the final hour.

            God Bless you for fellowship that is true doctrine. Very rare these days.

  45. On February 15, 2015 at 8:52 pm,
    HEAVYHITTER says:
  46. On February 15, 2015 at 9:29 pm,
    HEAVYHITTER says:

    From complete destruction and chaos The World moves into this….

    http://www.youtube.com/watch?v=YXJAj0ucXyc

    Things are moving very quickly and mockers scoffers beware.

    All the events are transpiring right now. Unbelievable. .yes..but it’s here.

  47. On February 15, 2015 at 10:11 pm,
    CFS says:

    Subhuman Islamic Scum kill 21 Coptic Christians in Egypt.

    Obama, why are you silent?

  48. On February 16, 2015 at 12:38 am,
    Birdman says:

    “When you trade on emotions you lose every time….every time” —- Kyle Bass

    I just watched a fantastic video featuring Mr Bass that others might really enjoy. He talks about controlling your own emotions when investing, why much of what he does is more art that science and why it really takes a lot of hard work to come up with the right answers on your own. What he was saying is validation of my own beliefs. You need to be questioning and challenging the consensus views all the time and then doing your own thinking and research to arrive at better conclusions. That you cannot be complacent and accept pat answers to difficult questions. This is one of the best interviews I have seen in a long time and I recommend it for anyone who wants to understand a little of how the mind of a world class trader works.

    “I Live In Constant Fear” Kyle Bass Explains How We Got Here — ZeroHedge ….50 minutes
    http://www.zerohedge.com/news/2015-02-15/i-live-constant-fear-kyle-bass-explains-how-we-got-here

  49. On February 16, 2015 at 1:49 am,
    Birdman says:

    We have a double bottom on the Canadian Dollar. I think it is just an interim bottom and more downside lies ahead before the year is out. But this is a tradeable bounce happening in my opinion.

    • On February 16, 2015 at 11:50 am,
      glenfidish says:

      Bird,

      I agree and we are not 100% sure we will get a lower level but I think we can both agree that when it does head lower from a higher price, it “more” then likely will happen this summer June/july.

      Thanks for your thoughts.

      • On February 17, 2015 at 8:50 am,
        Birdman says:

        Anytime Glen…..and just look at the chart now. She has bounced beautifully off that bottom!

  50. On February 16, 2015 at 2:34 am,
    Vortex says:

    Thanks Bird,

    I really enjoy Kyle Bass as well. He really thinks outside of the box.

    It must be amazing and stressful to actually get to the level that Bass operates in.

    • On February 16, 2015 at 2:46 am,
      Birdman says:

      Most of the time his interviews are pretty difficult to listen too. I really have to work at understanding the way he is using the language of the trade. But this one was very natural. Maybe the best I ever heard from him and it came across in a way that expressed his intuition and market thinking that anyone could easily understand. I kind of liked the part where he said he finally came to understand Neo in the Matrix…the point at which he had an epiphany about human nature and what drives people. I could relate to that moment even if it was a long time in coming for me. Some get it early on and they are truly fortunate…..for others it takes decades if they ever get the insights at all.

      • On February 16, 2015 at 3:27 am,
        Vortex says:

        Holy cow,

        I was thinking the same things. Just amazing and very easy to listen to and the interviewer was very knowledgeable as well.

        Bass is so smart but yet has a very humble personality and a somewhat unassuming side to him.

        I’m sure he has that bulldog alpha male persona behind closed doors with hundreds of millions at risk 24/7.

        A guy that grew up in a lower middle class family living paycheck to paycheck as a kid now worth billions.

        What a ride.

      • On February 16, 2015 at 9:15 am,
        HEAVYHITTER says:

        Just like the guy who has been sentenced to Guyana for eternity
        thought he …got it all.

        Poor soul he just kept rejecting the truth. Now he knows the truth
        but its too too late. Just because the wise think they are so wise
        in the world does not make it so. Oh no, I know it all. I’m a wiseman
        sitting in Guyana forever. Thats very wise..lol….not funny though.
        No one is laughing in Guyana. Not true, everyone will find out when
        they get there.

  51. On February 16, 2015 at 3:55 am,
    J........THE LONG....................OOTB says:

    HONG KONG UP………………setting up the same old way……when does …ICE start?..should be this week or next………………….

    • On February 16, 2015 at 7:28 am,
      Dick Tracy says:

      http://www.mint.ca/store/coins/50-for-50-fine-silver-coin-beaver-2015-prod2280263?lang=en_CA&rcmeid=kitco_50for50beaver_728x90#.VOILEGd0zL8 Okay Jerry here is the coin I was talking about yesterday, only instead of it being one ounce of silver it is only half an ounce, $50 CDN for a $50 coin, and all you get is half an ounce of silver which is slightly smaller then the one ounce maples. You can now send me your large CDN pennies along with shipping. DT

      • On February 16, 2015 at 7:47 am,
        J........THE LONG....................OOTB says:

        That is the one I thought you were talking about. I thought it was a one oz silver coin. That is really misleading only a 1/2 oz…..
        My original thoughts were similar to yours, in that I thought this might be a clue, that the mint might be getting prepared for an increase in silver prices..
        Since, it is only a 1/2 oz at $50…maybe they think silver is going to $100 per oz…..they must be guessing too, since they had the 2014 owl at $50……………..lol…………j

        • On February 16, 2015 at 7:48 am,
          J........THE LONG....................OOTB says:

          BTW…..YOU will have to send the truck down to pick up all the LARGE CENTS, to many to mail………..lol

          • On February 16, 2015 at 7:49 am,
            J........THE LONG....................OOTB says:

            plus in the USA..it is illegal to send cash through the mail…………..

          • On February 16, 2015 at 7:50 am,
            J........THE LONG....................OOTB says:

            What a country……….no wonder CFS left………………….

      • On February 16, 2015 at 8:06 am,
        Dick Tracy says:

        Maybe now they are getting serious about issuing legal tender that has a value of precious metal that isn’t distorted like the one ounce pure gold maples that say $50. DT

        • On February 16, 2015 at 8:13 am,
          Dick Tracy says:

          Jerry, You don’t have to worry about sending Canadian currency by FedEx, after all it’s called the loonie and as such isn’t real money only funny money as they say in the US. Just remember to insure those precious valuables, the drivers might make off with them. LOL

          • On February 16, 2015 at 9:35 am,
            J........THE LONG....................OOTB says:

            on the large cent…….it says penny………..dates are 1900 to 1936 I think , have not seen them in awhile…..I am going to go search for them…..I can not remember which tree I buried them under……heck they may be in the koi pond, to dang cold to go swimming for them now……………………….lol ……………………….jootb

          • On February 16, 2015 at 9:56 am,
            J........THE LONG....................OOTB says:

            IT is your lucky day DT,,,,,, On my way to the outhouse, I ,knocked over one of my honey hole jars, and found some 1895, 1896,…..1900’s………little musty, but, some fine XF’s…….will send them as soon as they air out………………..jootb.

  52. On February 16, 2015 at 7:26 am,
    agatha Gisty says:

    Lawrence your views on Greece might be different if you were a Greek…
    or had Greek relatives there…you might go to KWNews and read Fitzwilson..

    • On February 16, 2015 at 8:41 am,
      lawrence says:

      Thanks for mentioning. My view on Greece purely reflects the value I was brought up. I am not involved. My culture hates betrayal, I think most societies has more or less the same idea.

      • On February 16, 2015 at 9:34 am,
        Dick Tracy says:
        • On February 16, 2015 at 10:02 am,
          J........THE LONG....................OOTB says:

          What a hoot……….give them some more cash and they will blow it……..nothing is going to change with that crowd……..Been the same since Paul preached to them on MARS Hill………………………………………..lol

          • On February 16, 2015 at 10:19 am,
            J........THE LONG....................OOTB says:

            I THINK zerohedge’s article says it all…………THE LENDER IS HOOKED, and is the lenders problem……..The lender made false statements in order to lend the money and the money is gone, and that is it.

        • On February 16, 2015 at 10:45 am,
          Birdman says:

          Make no mistake….this is a war. The German agenda is to drive Greece into bankruptcy and then assume (with their accomplices) their historical assets and key infrastructure for pennies on the dollar. They need Greece to prostrate itself and agree to taking it the hard way through ever deeper cuts and more indebtedness. Everyone sees through it though. The whole world watches in amazement as the Central Planners refuse to materially budge because a previous government signed agreements that amount to theft. Greece may just have to walk and tell them to shove it. The Euro experiment is finished. Let the Troika have its morsels of flesh. But it will all be burned and inedible.

          • On February 16, 2015 at 10:48 am,
            J........THE LONG....................OOTB says:

            The Greeks need to tell the GERMANS STICK IT IN YOUR EARS,,,,

          • On February 16, 2015 at 10:50 am,
            Birdman says:

            By the way; the market is hardly moved and I suspect most do not even care. There is confidence an acceptable deal will be struck once the parties have stared each other down. Look at the Volatility index. Down on zero fear.

          • On February 16, 2015 at 10:51 am,
            J........THE LONG....................OOTB says:

            the Greeks need to start raising some veggies and start fishing, there is plenty to eat around the island………….get off their high horse and think simple, and stop begging.

          • On February 16, 2015 at 10:53 am,
            J........THE LONG....................OOTB says:

            the only players in the market is wallsteet junkies……….and they are off today…

          • On February 16, 2015 at 11:21 am,
            Birdman says:

            Jerry, markets move heaviest on low volume thin trading days. If nothing is happening now then its pretty unlikely anything big will happen tomorrow when the players are back. This is a test of the markets nerves and they look pretty steady so far.

  53. On February 16, 2015 at 10:30 am,
    J........THE LONG....................OOTB says:

    KERR MINES, INC………….UP AGAIN…………..was last week .14cent…..now 22 cents..

    • On February 16, 2015 at 10:31 am,
      J........THE LONG....................OOTB says:

      top five movers at kitco…………………..just saying……………..ootb

  54. On February 16, 2015 at 10:31 am,
    Matthew says:
    • On February 16, 2015 at 10:37 am,
      J........THE LONG....................OOTB says:

      Nobody is working today Matthew……………………..j………..

  55. On February 16, 2015 at 10:33 am,
    J........THE LONG....................OOTB says:

    Mark…………..Baltic down to 522……….

    • On February 16, 2015 at 10:47 am,
      Birdman says:

      When gold is down it is a buy….but when the BDI is down it is somehow the end of the world. Please use your head Jerry. A discount is a discount. Now is a good time to ship something big or import a heavy load from overseas…What a bargain. Think about it. These prices are a gift.

      • On February 16, 2015 at 11:03 am,
        J........THE LONG....................OOTB says:

        Heck bird , I use my head everyday………What on earth are you going to ship, who are you going to sell anything to………….AMERICA IS BANKRUPT……..I can get anything I want at a discount here in America right now.

        • On February 16, 2015 at 11:17 am,
          Birdman says:

          You get a discount because delivery prices are dirt cheap. You get a discount because fuel is half what it was. You get a discount on your imported goods because there are so many surplus ships. These low costs flow through to the end buyers of absolutely everything from sugar and ores to flat screen TV’s and Game Boys. Go back and look at the BDI chart for an idea of how much more costly shipping was not that many years ago. You do not need to directly be either an importer or exporter to appreciate that your costs of consumption are lower when shipping has become priced like its a fire-sale. So low cost delivery is a driver of increased consumption if only at the margin.

          • On February 16, 2015 at 11:31 am,
            J........THE LONG....................OOTB says:

            You mention some great item,,,……..Fuel, should not be coming to the usa to begin with, we had renewables. Flat screen TV’S,,I do not watch TV. Game Boys, I have better items to play with. Clothes are better made in America. All this promotes buying and not SAVINGS……….You sound like a women,,,buy, buy , buy,,,,shop till your drop…….We do not need anymore fricking crap from CHINA, JAPAN, or GERMANY

          • On February 16, 2015 at 11:32 am,
            J........THE LONG....................OOTB says:

            Sorry,,,,just joking with you…..how is your day going…………..j…….

          • On February 16, 2015 at 10:12 pm,
            Birdman says:

            I was just playing around too, Jerry. Just bored lately is all.

      • On February 16, 2015 at 11:11 am,
        HEAVYHITTER says:

        Armageddon will be a gift to the world.

        As greed, evil, corruption, murder, suffering,
        hunger etc etc will be wrung out from this
        wicked world.

        The innocent will be saved and the corrupt
        will burn with it….the world.

        The only one’s who need to worry are those
        that like this evil wicked world.

        Many will be destroyed as wrath comes upon
        the land.

        • On February 16, 2015 at 11:19 am,
          Birdman says:

          Yeah yeah yeah…heard it before HH and I don’t buy it. Just a bunch of panic selling, rhetoric and fear propaganda. You need a holiday I think.

          • On February 16, 2015 at 11:29 am,
            HEAVYHITTER says:

            OK…OK..OK… many will be deceived in the last days. Scoffers and mockers
            will be the accusers. You are the great majority and they are always wrong.

            Few will inherit The Kingdom Of God…..FEW !!!!!!!!!! The road is narrow.

            Your soul is in great peril. You have been deceived.

            Sorry Bird…you are going to make a eternal mistake forever. : (

          • On February 16, 2015 at 11:33 am,
            J........THE LONG....................OOTB says:

            Bird….stop being so tough, we know you are a pussy cat………………lol……….j

          • On February 16, 2015 at 11:34 am,
            J........THE LONG....................OOTB says:

            Bird,,,the next time you use OMG………..think about it…………..

          • On February 16, 2015 at 11:46 am,
            Birdman says:

            Nah, I don’t think so Heavy. Only god knows my fate…… And you are not God so please shut up.

          • On February 16, 2015 at 11:55 am,
            HEAVYHITTER says:

            Bird…you can’t tell me to S.U. OK…

            MAKE ME !!!!!!!! Something you are incapable of accomplishing.

            God knows. Give you credit. Don’t tell me that your soul is not in
            peril denying The Word.

            Armageddon is part of his word. DEAL WITH IT !!!!!

            Time to repent.

          • On February 16, 2015 at 11:57 am,
            Birdman says:

            You repent first. I’m out of here. Ciao baby.

          • On February 16, 2015 at 12:11 pm,
            HEAVYHITTER says:

            God is rich and abundant in mercy, grace and forgiveness.

            However, if you don’t ask, you don’t receive forgiveness.

            That’s the problem with the world today. They like living
            a sinful life but never ask for Forgiveness.

            This is why we are entering perilous times right now.

            You refuse the truth how Armageddon will cleanse the
            world.

            Its coming soon. It must and will. GET READY. ..repent !!!!!

            Save your soul !!!! Its your choice to live eternal or spend it in Guyana.

          • On February 16, 2015 at 12:44 pm,
            bb says:

            hh you ever consider that the Christian god is a dictator, and should you not do as he tells you he will burn you forever?
            Its just he doesn’t sound like a nice guy to me.
            The record books concerning him as far back beginning with the jews even say genocide torture pedophilia slavery is all ok if you worship him.
            Ive always wondered how this can be reconciled by people that talk about love.
            Other than twisted, dillusional or distorted logic I mean.

            Seriously, how can this be reasoned?

          • On February 16, 2015 at 1:01 pm,
            HEAVYHITTER says:

            Sorry bb….you have decided to shoot from the hip
            when it comes to Gods Holy Word.

            Until you become more acquainted with Gods Word
            like most try and decide without knowing what God
            says is just wrong.

            That takes an investment in time. Its not about guessing.

          • On February 16, 2015 at 1:06 pm,
            bb says:

            So no answer, I understand.

          • On February 16, 2015 at 1:11 pm,
            J........THE LONG....................OOTB says:

            SEEK AND YE SHALL FIND……………………..

          • On February 16, 2015 at 1:13 pm,
            J........THE LONG....................OOTB says:

            John 3 :16

          • On February 16, 2015 at 1:14 pm,
            HEAVYHITTER says:

            BB…your answer is to invest time in study of Gods Holy Word.
            Until you do that your confusion will only increase. I Suggested
            you consult with your Christian nephews who are in ministry.
            To constantly to go to and fro knocking around bits and pieces
            of Gods Word is just not going to help you whatsoever.

        • On February 16, 2015 at 1:18 pm,
          J........THE LONG....................OOTB says:

          JOHN 6:47

          • On February 16, 2015 at 1:43 pm,
            bb says:

            HH, I asked YOU how YOU reconcile.
            I didn’t ask for your answer from your literature.

          • On February 16, 2015 at 2:55 pm,
            J........THE LONG....................OOTB says:

            bb…..it would be easy to answer your question if you knew more about the time line of biblical history, and the dispensations, and the time period and dispensation period we are in…………….Not all the bible is written to a Christian, a Christian is a person who confesses with their mouth , that JESUS CHRIST IS LORD, and ask for forgiveness, and wants to change their life of sin. I said before, JESUS and ONLY JESUS is your way out, because he DIED FOR YOUR SINS, AND EVERYONES SIN ON THE CROSS., DIED for sins..PAST , PRESENT AND FUTURE.., NOW, all you have to do is confess, and accept., it is that simple.

          • On February 16, 2015 at 3:04 pm,
            J........THE LONG....................OOTB says:

            IF you have an issue of past situations, and why GOD, chose the Jews as his people to begin with, and why the Jews have been set aside, …..and the Gentiles, are now being given a chance to save themselves…..you are going to have to do some extra reading, and study to show yourself approved……like a baby given milk, a baby can not handle meat. And until you desire the information , SEEK AND YE SHALL FIND….as it is written. , I think this is why HH indicated the same……………respectfully……..j

          • On February 16, 2015 at 3:06 pm,
            J........THE LONG....................OOTB says:

            Please accept this as a friend….and in no way do I write this with any disrespect….

          • On February 16, 2015 at 3:07 pm,
            bb says:

            Doesn’t make sense J.
            To many things I completely disagree with in those books, contradictions, misstranslation etc
            I ask HH for HIS thinking, not what he is told from literature.
            Was a simple question really, how does he reconcile, he couldn’t answer, that’s ok, I understand.

            Probly shouldn’t have asked in the first place.

          • On February 16, 2015 at 3:12 pm,
            J........THE LONG....................OOTB says:

            bb…..sounds like some of the things you disagree with, ,,HAVE nothing to do with you TODAY……..

          • On February 16, 2015 at 3:13 pm,
            J........THE LONG....................OOTB says:

            TODAY…………WE ARE IN A PERIOD OF………..GRACE.

          • On February 16, 2015 at 3:15 pm,
            J........THE LONG....................OOTB says:

            IF , you are not a JEW, you must be a GENTILE…..if you are a GENTILE, you are under GRACE., …..has nothing to do with before the CROSS., when Jesus died for all.

          • On February 16, 2015 at 3:17 pm,
            J........THE LONG....................OOTB says:

            SUGGESTION………….stop trying to confuse all parts of the bible, as being written for this TIME PERIOD…..

          • On February 16, 2015 at 3:18 pm,
            HEAVYHITTER says:

            BB….you said how do I reconcile.

            Its the other way around. You need
            to educate yourself instead of falling
            ignorant to Gods Word.

            I could always host a bible study here
            on youtube a few times a week. : )

          • On February 16, 2015 at 3:24 pm,
            HEAVYHITTER says:

            BB….here’s a good place to start. Highly recommended by J.
            My endorsement as well.

          • On February 16, 2015 at 3:24 pm,
            HEAVYHITTER says:
          • On February 16, 2015 at 4:24 pm,
            bb says:

            Sorry HH and J, I have no intention of beginning a study of any religious literature.

            Maybe some day one I havnt read before but no plans at this time even for that.

          • On February 16, 2015 at 4:58 pm,
            HEAVYHITTER says:

            BB….its OK….but why do you ask then.

            Anyway, think about bible study but do it soon.

            Before Armageddon…..coming maybe within weeks

            Or even days.

          • On February 16, 2015 at 5:08 pm,
            bb says:

            HH, I asked for YOUR thoughts, and asking was pointless.
            I understand that now.
            Best.

          • On February 16, 2015 at 5:15 pm,
            HEAVYHITTER says:

            BB…my thoughts in few posts.

            Your kidding right !!!

            You need counseling. Talk to your nephews.

          • On February 16, 2015 at 5:28 pm,
            J........THE LONG....................OOTB says:

            ??????????????????????

          • On February 16, 2015 at 5:30 pm,
            J........THE LONG....................OOTB says:

            Man his ears are closed…………

          • On February 16, 2015 at 5:39 pm,
            J........THE LONG....................OOTB says:

            bb….you are the one who asked and questioned……..you give up to easily……. I gave you the clues if you would go back and reread what I wrote………….respectfully j

          • On February 16, 2015 at 6:36 pm,
            bb says:

            J, first, I didn’t ask you, I asked HH how he can reconcile……
            not 1 independent thought did he respond with.
            Only literature and religious rhetoric, I asked simply how he (HH) reconciles….

            All he has done is shown me he doesn’t have his own opinions, only his religion, or, what he is told to think, but not his own thinking.

            This has gotten silly J, lets drop it, I already stated I made an error in asking.

  56. On February 16, 2015 at 12:00 pm,
    CFS says:

    powerful truths by Glenn Beck today,
    2/16:
    https://soundcloud.com/glennbeck

  57. On February 16, 2015 at 12:45 pm,
    CFS says:

    Bird, you lost some of my respect.
    It is a pity many Americans are totally indifferent to what is happening in the Middle East.
    It is worse that politicians are so corrupt that they put their party above country, and that the media is for the most part worthless.
    Die in peace or pieces America.

    • On February 16, 2015 at 12:50 pm,
      Birdman says:

      Sorry CFS, but I only listened to the first couple minutes of that show you posted. They lost me right away because of the overtones. I have no idea what the discussion was about so don’t infer anything except I objected to the religious content.

      • On February 16, 2015 at 1:02 pm,
        HEAVYHITTER says:

        Again..rejection. This is not good.

        Soul is in peril.

        • On February 16, 2015 at 1:04 pm,
          HEAVYHITTER says:

          Great peril too. Big time.

          HUGE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

          • On February 16, 2015 at 1:16 pm,
            HEAVYHITTER says:

            GREAT GREAT GREAT PERIL.

            SUPER HUGE !!!!!!!!!!!!!!

    • On February 16, 2015 at 1:46 pm,
      bb says:

      I listened, for about 15 mins not to informative cfs.
      Gotta say Bird didn’t miss anything, but thanks for the link.

  58. On February 16, 2015 at 1:01 pm,
    CFS says:

    That’s OK, you are free to ignore/object to religious content; I usually ignore religious content.

  59. On February 16, 2015 at 1:03 pm,
    bb says:

    Bird, you still see gold headed lower, I think so.
    Bob M posted on 321 an oil company, thought Id take a shot and put a bid in, see Tuesday if I get it.
    You look at that one? poe I think.

  60. On February 16, 2015 at 2:21 pm,
    Bob UK says:

    Tuesday morning gold smackdown coming – I can sense it in my waters. Probably need to drink some cranberry juice.

  61. On February 16, 2015 at 2:51 pm,
    Andrew de Berry (Rev) says:

    If you’ve not seen this earlier – she’s Janet Yellen’s poster girl for QE!

    http://viduki.com/video/18937/Where_does_she_keep_it_all

    • On February 16, 2015 at 3:14 pm,
      HEAVYHITTER says:

      Where did the Bird go..bawk..bawk… bawk….

      BAWK. ..BAWK….

      BAWK.. : )

    • On February 16, 2015 at 3:38 pm,
      J........THE LONG....................OOTB says:

      ANDY………….THAT WAS GREAT…………REALLY ENJOYED……..THANKS…………..J

    • On February 16, 2015 at 4:06 pm,
      CFS says:

      So where does she keep it all?

      • On February 16, 2015 at 4:11 pm,
        J........THE LONG....................OOTB says:

        I liked the swirling card ….going circling around , then stopping…..

  62. On February 16, 2015 at 4:09 pm,
    J........THE LONG....................OOTB says:

    RUSSIAN LAUNCHES their own SWIFT system………

    • On February 16, 2015 at 4:10 pm,
      J........THE LONG....................OOTB says:

      Sinclair….today

  63. On February 16, 2015 at 4:19 pm,
    CFS says:

    from Armstrong:

    Political Spin from Australia
    Posted on February 16, 2015 by Martin Armstrong
    Political Spin – The way it’s done correctly – this time in Australia …

    No matter what side of the political fence you’re on, THIS is funny and very telling! It just all depends on how you look at the same things. It is probably made up, but it is not far from the way politicians really do spin the facts.Judy Rudd an amateur genealogy researcher in south east Queensland , was doing some personal work on her own family tree. She discovered that ex-Prime Minister Kevin Rudd’s great-great uncle,
    Rudd Hanging

    Remus Rudd, was hanged for horse stealing and train robbery in Melbourne in 1889. Both Judy and Kevin Rudd share this common ancestor.

    The only known photograph of Remus shows him standing on the gallows at the Melbourne Jail.

    On the back of the picture Judy obtained during her research is this inscription:

    ‘Remus Rudd horse thief, sent to Melbourne Jail 1885, escaped 1887, robbed the Melbourne-Geelong train six times.

    Caught by Victoria Police Force, convicted and hanged in 1889.’

    So Judy recently e-mailed ex-Prime Minister Rudd for information about their great-great uncle, Remus Rudd.

    Rudd Prime Minister

    Believe it or not, Kevin Rudd’s staff sent back the following biographical sketch for her genealogy research:

    “Remus Rudd was famous in Victoria during the mid to late 1800s. His business empire grew to include acquisition of valuable equestrian assets and intimate dealings with the Melbourne-Geelong Railroad..

    Beginning in 1883, he devoted several years of his life to government service, finally taking leave to resume his dealings with the railroad.

    In 1887, he was a key player in a vital investigation run by the Victoria Police Force. In 1889, Remus passed away during an important civic function held in his honour when the platform upon which he was standing collapsed.”

    NOW That’s how it’s done, Folks!

    That’s real POLITICAL SPIN.

  64. On February 16, 2015 at 4:22 pm,
    Doc Fan says:

    Glen and Matt,

    I know a little time has passed, but I wanted to say thanks for your answers to my post back on the 6th.

    Glen – good post above (12:46 pm). I didn’t read it as arrogant. IMHO, you have made a call and you have confidence in it. Thanks very much for sharing what you are seeing and what you expect. As I have stated, your posts are some of my favorites. I also really enjoy reading Matt’s, LPG’s (or was it ‘plg’? 🙂 ), and Shad’s commentary as well. The interaction is constructive and informative.

    Matt – Thanks for the suggestion to look into SGDM. I have it on my radar now. Got my sub 21 on GDX. Now, let’s see how this week pans out. Don’t know exactly what Doc meant by “begin bottoming’, but I’m hoping we sustain the bottom created last week and start moving up before long.

    • On February 17, 2015 at 7:16 am,
      Matthew says:

      Thanks Doc Fan. Stewart Thomson agrees with you on GDX: “I expect institutions to be buyers in the $20.50 area, if volatility from the FOMC minutes release causes GDX to trade there. Note the superb position of the 14,7,7 Stochastics series. I’m a buyer here, and a light seller at $23.30 and $25.50.” —Great minds think alike! 🙂
      http://www.321gold.com/editorials/thomson_s/thomson_s_021715.html

    • On February 17, 2015 at 7:55 am,
      glenfidish says:

      Thanks Doc Fan,

      So im clear on everything I added one 1/4 a lot so far today. Meaning I bought 25% of miners in my trading portfolio. I said today we be the day to go in. I did mention 10% chance we might see the low tomorrow. I will increase that to 30%.

      cheers and thanks!

  65. On February 16, 2015 at 4:36 pm,
    HEAVYHITTER says:

    Fighting is fierce in Ukraine. What seize fire. Armageddon is coming.

    http://www.valuewalk.com/2015/02/west-heading-toward-war-russia/

  66. On February 16, 2015 at 4:40 pm,
    CFS says:
  67. On February 16, 2015 at 4:54 pm,
    HEAVYHITTER says:

    Here’s what America will look like in 6 months or worse.

    http://www.youtube.com/watch?v=aL39jJN9hHM

    America is in a whole lot of trouble. If you haven’t figured
    that out yet, well you should sharpen your pencils. Canada
    you too.

  68. On February 16, 2015 at 4:58 pm,
    CFS says:

    Poroshenko just fled from Ukraine.

    • On February 16, 2015 at 5:00 pm,
      HEAVYHITTER says:

      Holy smoke….wow…this is going hot.

      Armageddon is guaranteed

    • On February 16, 2015 at 5:12 pm,
      bb says:

      Poroshenko ran? Didn’t see that one coming.

      • On February 16, 2015 at 5:50 pm,
        HEAVYHITTER says:

        Armageddon…BB

        Bet you won’t see that coming. OPEN THY EYES…..

        Maybe you..SEE !!!!

        • On February 16, 2015 at 6:06 pm,
          bb says:

          OK, HH its Armageddon, big deal, move on already.

          I gotta say, Pick a date any date you want, I bet you whatever you want, it doesn’t happen by then, if it doesn’t you pay up, if it does I will.

          How about if it doesn’t you quit the BS and if it does I convert?

          Pick a date, a week ago it was three weeks away right?
          Name the date.
          Lets find out if you have the courage of your convictions.

          • On February 16, 2015 at 6:21 pm,
            HEAVYHITTER says:

            BB……picking a date is like putting a gun to your own head.

            Now if we can understand that I will continue. OK : )

            LETS GET REAL ..BB… I believe we could be in Armageddon
            within a few weeks. Or at the latest Oct. 2015.

            I warn you it could happen anytime and its guaranteed due to
            NATO in Ukraine.

            BB…..NATO can’t occupy Ukraine without a nuclear war.

            For damn sakes why is everyone so dumbed down. This board
            and everyone out in the real world.

            I wrote a whole blog that weekend and nothing has changed
            but the crisis is just that much closer to Armageddon.

            Prepare yourself BB…emotionally and spiritually.

            I WARN YOU !!!!! how many times must I say its getting late too.

          • On February 16, 2015 at 6:23 pm,
            HEAVYHITTER says:

            Also BB….I predicted this event over a year ago On this board.

            NATO occupies Ukraine kiss all your arses good bye.

          • On February 16, 2015 at 6:42 pm,
            bb says:

            OK. Oct 2015, I give you the leeway of Oct 31/15

            We have a bet?
            When it doesn’t happen you quit with the we all gonna die repent or burn BS? if it does I convert?
            We have a bet? You believe what your saying or not?

          • On February 16, 2015 at 6:47 pm,
            J........THE LONG....................OOTB says:

            NO MAN KNOWS THE TIME……………

          • On February 16, 2015 at 6:48 pm,
            J........THE LONG....................OOTB says:

            IF , it was that simple, everyone would sin until that time, then repent……

          • On February 16, 2015 at 6:54 pm,
            HEAVYHITTER says:

            BB…..I’m also highly educated in legalities.

            That’s an illegal wager. Just so you know.

            We will not participate in such activities. OK.

          • On February 16, 2015 at 7:15 pm,
            bb says:

            LOL, I thought so, J you even use a saying from your books,
            OK, HH, you don’t actualy believe what your saying and You don’t want the embarrassment of having the world understand its all BS.
            Fair enough.
            No bet then, but don’t say I didn’t give you the opportunity to put up or (the part you don’t like) shut up.

          • On February 16, 2015 at 7:16 pm,
            bb says:

            Heck, you could have even had a converted soul, imagine the bonus points.

          • On February 16, 2015 at 7:19 pm,
            bb says:

            No offese intended anywhere, to each his own and all.
            I hope the best for you HH
            Im sure it will all work out for you.

          • On February 16, 2015 at 7:36 pm,
            J........THE LONG....................OOTB says:

            bb….I use sayings……..because we are not to add nor subtract from the written word.

          • On February 16, 2015 at 7:45 pm,
            HEAVYHITTER says:

            Thats OK…BB

            I deserve some abuse. I don’t keep score but maybe I do
            owe you a few. I think you enjoy the interaction.

            Sign we are getting old..BB…

            Charter membership in …OLD GUYS RULE CLUB.

            Nothin fancy BB…no pins to wear or certificates.

            Just a head bangin time.

  69. On February 16, 2015 at 5:00 pm,
    J........THE LONG....................OOTB says:

    KIRBY CALLS RICKARDS a scumbag…………..sgtreport

    • On February 16, 2015 at 5:36 pm,
      bb says:

      Which vid? there are a lot of them.

      • On February 16, 2015 at 5:42 pm,
        J........THE LONG....................OOTB says:

        feb .15……

        • On February 16, 2015 at 5:43 pm,
          J........THE LONG....................OOTB says:

          should be the first one up………….

      • On February 16, 2015 at 6:00 pm,
        bb says:

        Found it, interesting J.

      • On February 16, 2015 at 11:17 pm,
        Andrew de Berry (Rev) says:

        SGT report bb

  70. On February 16, 2015 at 5:05 pm,
    J........THE LONG....................OOTB says:

    GOLD just took off……………………

    • On February 16, 2015 at 5:07 pm,
      J........THE LONG....................OOTB says:

      this reminds me of the last holidays in Nov. and everyone was asleep………..when the bottom in silver as put in…….silver went down to $14.

    • On February 16, 2015 at 5:13 pm,
      J........THE LONG....................OOTB says:

      HONG KONG TIME……………

  71. On February 16, 2015 at 5:07 pm,
    CFS says:

    Iran prepares against Israeli attack:

    http://rt.com/news/232515-iran-sepehr-radar-installed/

  72. On February 16, 2015 at 5:10 pm,
    CFS says:

    China prepares for capability to take out aircraft carriers:

    http://wantchinatimes.com/news-subclass-cnt.aspx?id=20150215000122&cid=1101

  73. On February 16, 2015 at 5:12 pm,
    HEAVYHITTER says:

    What just baffles the mind is Americans think they are safe.

    They…the public are so deluded it makes you wonder if their
    brains are functional or the brainwashing cleaned out all the
    good brain cells.

    America and the world are in a lot more serious trouble than
    they could ever see in their worst nightmares.

    When this catastrophic calamity hits there will be hopelessness
    everywhere. No one is prepared emotionally or spiritually.

  74. On February 16, 2015 at 5:15 pm,
    CFS says:
  75. On February 16, 2015 at 5:17 pm,
    agatha Gisty says:

    does anyone have a link to that particular Rob Kirby…
    Thank you

    • On February 16, 2015 at 5:21 pm,
      J........THE LONG....................OOTB says:

      try…….sgtreport.com

    • On February 16, 2015 at 5:46 pm,
      SD Marc says:

      JERRY,
      I LOVE your tenacity, perseverance and fricking hard work on this blog…WOW!

      • On February 16, 2015 at 5:52 pm,
        J........THE LONG....................OOTB says:

        Thanks Marc…………appreciate your kind words…….j………….

        • On February 16, 2015 at 5:59 pm,
          HEAVYHITTER says:

          Jerry…is definitely. ..ONE OF A KIND !!!!!

          He will also give you a run for your money.

          Knows a lot about a lot of things.

          • On February 16, 2015 at 6:16 pm,
            J........THE LONG....................OOTB says:

            thanks HH………I know enough to be dangerous…..there are a lot of sharp guys on this site, including you and Marc.

          • On February 16, 2015 at 6:26 pm,
            HEAVYHITTER says:

            Jerry, you hang out with me long enough you will become dangerous.

            Maybe even terrifying : )

          • On February 16, 2015 at 6:44 pm,
            J........THE LONG....................OOTB says:

            remember even Paul only had one , who stuck with him until the end.

          • On February 16, 2015 at 6:57 pm,
            HEAVYHITTER says:

            Jerry, today is no different.

            All you have is traitors and no loyalty.

            Etc. Etc. Etc. Back bitters …yeeee haaaaa

          • On February 16, 2015 at 7:00 pm,
            J........THE LONG....................OOTB says:

            remember……….when two or more are gathered………..

          • On February 16, 2015 at 7:28 pm,
            J........THE LONG....................OOTB says:

            this reminds me of going to Turkey,and visiting one of the temple ruins…At the temple ruins…. ….the Christians had chiseled into the street markings indicating a meeting spot….On the street any Christian that wanted to talk about anything concerning scripture, they would meet at the sign, and discuss their Christian views or anyone passing by and stood on the sign, could hear scripture from anyone standing on the chiseled sign on the street……. The pagan knew not what the sign indicated, for the sign was only recognized by the Christians….for at that time they were in hostile territory. SO, they would meet and be comforted by each other, and time past on…..as well as the message…and it is the same message today………….

          • On February 16, 2015 at 7:35 pm,
            HEAVYHITTER says:

            Great comment Jerry.

            Everything I ever claimed you are, is true.

            You are wise in more ways than the world
            and know a lot about a lot of things.

            Amen to your message. It holds true today.

          • On February 16, 2015 at 7:49 pm,
            J........THE LONG....................OOTB says:

            Man you are way to kind ..thanks……and AMEN………

          • On February 16, 2015 at 7:58 pm,
            HEAVYHITTER says:

            Amen to your company. : )

            Fellowship is priceless. Especially going into perilous times.

            No doubt in my mind. This world is ready for convulsions.

    • On February 16, 2015 at 10:22 pm,
      Birdman says:

      USA Watchdog

  76. On February 16, 2015 at 5:21 pm,
    HEAVYHITTER says:

    Get ready for missiles flying everywhere. The whole world is about
    to see a fireworks show. Just like world war 2 but the whole world
    will be engulfed in fire and smoke this time.

    I’m not BS ing either. There is absolutely nothing to be optimistic about.

    NOTHING !!!!!

    • On February 16, 2015 at 6:42 pm,
      J........THE LONG....................OOTB says:

      this is like the days of NOAH…………it is written……….be of comfort, fear not, for he is with you…………Ya, thou I walk thur the valley of the shadow of death…I will fear no evil…….The devil has lost, and will be put in his place, it is written.

      • On February 16, 2015 at 6:49 pm,
        HEAVYHITTER says:

        It is Jerry. No one believes it. Thats why its going to happen.

        There is too much confidence in a falling world and system.

        The cold war was a fake out. Everyone was on edge.

        Now it’s the opposite. No one cares. That’s when it blows up.

        • On February 16, 2015 at 6:57 pm,
          J........THE LONG....................OOTB says:

          I have no doubt about it happening……..for it is written…….The time , no man knows,but,everyone must be prepared that it could happen at any moment.

          • On February 16, 2015 at 6:58 pm,
            J........THE LONG....................OOTB says:

            man we are singing to the choir…………………

          • On February 16, 2015 at 7:05 pm,
            HEAVYHITTER says:

            All the signs are now in. We will know the season be sober and watchful Jesus said.

            No, its here. I don’t know the day or hour but we are months away.

            1948 changed everything. Ezekeil 38 and 39 predicts this war.

            Its about to happen anytime. Armageddon…

          • On February 16, 2015 at 7:37 pm,
            HEAVYHITTER says:

            Yep…singing to the choir. ..no doubt.

            The times we live …few realize what time it really is.

        • On February 16, 2015 at 11:57 pm,
          Skeeta says:

          I think they’d kick my arse outta the choir.

          ….my voice is deep, hoarse & a tad raspy at times….I blame the cigarette’s for that afflication though….not the Devil.

          • On February 17, 2015 at 5:57 am,
            J........THE LONG....................OOTB says:

            can you play bass fiddle…………………

  77. On February 16, 2015 at 6:07 pm,
    CFS says:

    China appears to not want UK to be allied with US in next war:
    http://www.express.co.uk/news/uk/558226/China-Argentina-falkland-islands-fighter-jets

    • On February 16, 2015 at 6:19 pm,
      J........THE LONG....................OOTB says:

      UK , needs the US, plus……..we speak a common language……even if we are screwed up……Mother needs her son…………..China should look out, or we will not sell them anymore bonds…………….ha,ha………………

      • On February 16, 2015 at 6:21 pm,
        J........THE LONG....................OOTB says:

        The only thing we need to do is offer up the bankers…….and China will be fine.

  78. On February 16, 2015 at 6:45 pm,
    HEAVYHITTER says:

    The Bird will waltz in here and claim Armageddon won’t happen.

    Everyone out there in society and in here hands down I will prevail
    over anyone who says otherwise.

    Anyone who disagrees with me is just so very ignorant of all the facts
    of all the reasons why you can expect this horrifying event to unfold.

    Armageddon is here. …AND THAT IS …A FACT !!!!

    Denial, hopelessness regarding such an event, your mind can’t conceive it
    or you are just dumbed down and won’t acknowledge the truth.

    THAT DOESN’T CHANGE THE FACT….Armageddon isn’t here.

    ARMAGEDDON IS HERE. ..that is a fact and the truth.

    Unless NATO leaves Ukraine. Not going to happen.

    • On February 16, 2015 at 8:59 pm,
      HEAVYHITTER says:

      Glen Beck gets it. Zerohedge gets it.

      Few and I mean remotely few out there and in here….get it.

      FOLKS…we are on the razor edge of thermo nuclear world war 3.

      Its unfolding right now. Are you so blind you refuse to see.

      In this scenario all investments will be rendered worthless.

      You refuse to understand that then you will miss by a long shot.

      America reminds me of Dresden Germany. In world war 2 they were
      totally off the radar for any military damages. Then one day the horror
      began everything was destroyed. Google it. You could not imagine the
      horrors. It happened within 48 hours. Total destruction bodies burned
      melting in the streets.

      All nations are at risk especially those part of the G 7 non third world.
      Europe and North America will be huge targets.

      Whats highly disturbing Americans are now pro war against Russia.

      Goes to show how stupid this nation has become. And the debt. All
      going to collapse. Americans still believe everything will be okay.

      Thats what happens when people become fat and happy.

      All nice and plump ready for the slaughter house.

      THIS IS THE CURRENT STATE OF AFFAIRS.

      I don’t need no analyst or anyone else to tell me what lies ahead.

      Its written in damn stone. You just need to know where to look.

      • On February 16, 2015 at 11:41 pm,
        Birdman says:

        HH, no offense but you are way over the top the past two weekends

        And I suspect just Trolling for giggles. You have me wrong by the way. I am quite optimistic about the future despite the problems that are coming. Armageddon is far down on my list of what is probable. Even World War III does not seem very likely although there is no question a mix of wars will dominate headlines for years.

        Anyone who even remotely understands how the cycles play out has better than even chances of not only avoiding the worst of the pitfalls but actually benefiting from the economic dislocations. The most important of these cycles are interest rates and so that is our starting point in understanding what to avoid and where to invest.

        Bonds are great great great…until one day they are death in your portfolio and NOBODY will take them off your hands. I won’t gamble there other than play the ETF’s opportunistically. Nobody knows the day of the reckoning although some pretty good analysts seem to have a good sense of where the lines terminate.

        You recall the other day I was saying that when we do arrive at a rotational shift that if one asset class is rising then it means another is going into decline. But that is just a general rule to follow. Closer to the hearts of some peoples worries are those moments when everything falls together and we should expect that to repeat just as we saw in 2008.

        That is not the time to panic or lose your nerve.

        Basically you need to be positioned ahead of time and then be prepared to ride out the storm with confidence that the assets that you do hold will be amongst those that rebound quickly. Both gold and gold stocks should be expected to sell off along with everything else as one example. If you panic and unload into a decline you will crystallize losses and be less able to take advantage of the rise that will follow.

        Well what about cash? Well you need to be careful there too. As the system comes unhinged and the bond bubble breaks we will see banks fail and you could end up getting “bailed in” and losing access to your investment nut if you become an accidental shareholder of your institution.

        A series of Sovereign defaults will wreak havoc on the unprepared and gut the pension plans of millions. Not everyone will be affected equally of course but this is a good time to check your plan and see what it holds. If you have never done this before and are invested with a fund who makes your decisions for you then now is a good time to get familiar with what its holdings are.

        Getting back to what rises and what falls…..we should ask ourselves how probable it is that bonds and treasuries will rise on the flight to safety trade as they usually do during a liquidity crisis. Another thing to keep in mind is that as commodities bottom that is also telling us that the dollar should be falling.

        Recall the correlation between USD and crude as one example and keep that consideration in the back of your mind. I don’t think anybody knows exactly how the chips will fall though or which classes of assets will fall and in what order. We can be sure though that you are strongly advised to avoid getting trapped in no-bid markets as they decline and take whatever steps you can to remain as liquid as possible for the moment the bargains begin to appear.

        I suspect long held beliefs and traditional correlations can break down abruptly and that currency swings could wreak havoc on accounts. So we won’t assume anything is an absolute but rather be playing it by ear to some extent and watching as the trouble unfolds.

        We are near a historical inflection point as we approach the termination of the interest rate cycle. This is, point fact, the end of the credit cycle we are seeing unfold and the more we do to apprise ourselves of how the historical relationships break down the better prepared we will be.

        • On February 16, 2015 at 11:59 pm,
          Skeeta says:

          Good post.
          Much food for thought there.

          • On February 17, 2015 at 12:16 am,
            Birdman says:

            Thanks Skeeta!

        • On February 17, 2015 at 12:50 am,
          HEAVYHITTER says:

          Bird, no you have definitely perched out on the wrong branch.

          I’m not here for giggles regarding Armageddon. Trying to be
          somewhat humerous in provoking such thoughts. It’s very
          serious even if you are not fully informed and disagree.
          Obviously is the case.

          Also, you consequently misread my post. I said you would
          say that Armageddon would not happen. That’s okay if you
          disagree because I knew that was the case.

          You taking on the position of optimism is fine if that’s how you
          have concluded coming events. You’re going go be proven wrong
          as you don’t understand or underestimate global power positions
          of the few who make the decisions. I notice you are completely
          ignorant of the truth regarding anything to do with these people in
          high places.

          With that being said everything you stated in your comments will be
          nullified and you will learn by your own trials and error that we have
          entered a whole new paradigm.

          Thus, in that regard will render all your commentary based on past
          historical patterns foolish. You also have disregarded serious geo politics.
          Never in history has mankind made such a perilous situation so terminal.

          This world catastrophic coming event has many more reasons for such an
          engagement for serious damages that will affect every human life.

          Ignore the new paradigm at your own risk and peril. Thanks for the explanation
          of all you provided but it must be completely ignored. You are missing many
          components and protocols. Unfortunately for you. Can include others like you
          that have taken this path and using conventional wisdom.

          Sorry, you are missing by a long shot. The post sounds convincing but it’s very
          flawed for reasons I have stated above. Only few of many.

          You could do better but it’s your conventional wisdom that causes you the most
          harm. With that being said you need to implement something better than all this
          noise that will never come to fruition. Besides, I have the very few minority in my
          favor. You represent the popular opinions and fully committed to the great majority.
          Who will be wrong. That includes you Bird.

          So, like it. It’s going to be your worst mistake for many reasons. Cheers : )

          • On February 17, 2015 at 1:07 am,
            HEAVYHITTER says:

            Bird, all your opinions are very much identical to all those who post here.
            With the exception of some deviations but still on the same coarse.

            That makes you part of the great herd all going in the same direction.

            Like I said. ..the herd is always wrong. This board is wrong more often
            than not. This time will be no exception. Not only that the majority is
            a historical high percentage. 98 percent ?? One big herd of cattle.

        • On February 17, 2015 at 11:00 am,
          bb says:

          Excellent post..
          Im still wresting with Armstrong everything moves together.
          I got a taste of that with my oil today. I got it and sure enough, oil up, stock down with gold.
          But great post.

          • On February 17, 2015 at 11:01 am,
            bb says:

            Just saw where this posted, that was Birds post I was talking about.

          • On February 17, 2015 at 12:06 pm,
            Birdman says:

            Many thanks bb. All the best to you too.

          • On February 17, 2015 at 12:12 pm,
            Birdman says:

            My “sell gold and buy oil” thesis is holding up really well so far. So its a happy thing even when nobody but you had any faith in the idea from the outset.

          • On February 17, 2015 at 1:51 pm,
            bb says:

            Ya, but my oil stock didn’t go up. oh well, I expect to hold it a couple of weeks for drill results.
            poe

          • On February 17, 2015 at 1:59 pm,
            bb says:

            As I said, I am wrestling with Armstrongs opinion that everything moves together.
            From what Ive seen he is right, other than spikes here and there by specific companies, which he mentions actually.
            This oil stock kinda was just more evidence of that, even with oil moving up.
            I am starting to see more projections for even lower gold, well, lower everything actually. other than independent stocks here and there.
            Maybe we are witnessing a deflation, some people will say …”duh” of course.

      • On February 17, 2015 at 12:16 am,
        Birdman says:

        Now is probably a good time to explore the dynamics of debt from the standpoint that a REAL threat is now on the rise. For the past few years a great deal of the talk and worry has been just that….a lot of talk but few real consequences. That seems ready to change though so it becomes more and more important that we all work on avoiding mistakes that could end up being costly. A great many speculators will be utterly blown out of the water. Leverage will be like death to the unwary. Assets like housing will start to fall again and this time there will not be the backstops like QE interventions that slowed the descent the last time around. Central Bank balance sheets are already seriously impaired and running at extremes due to the past rounds of supports. Well what about stocks? There should be a hard sell off there too, at least initially. I am amongst those who has been persuaded that stocks still have tremendous upside though as a result of the bond bubble bursting. Excellent arguments have been put forward by others that a flood of capital exiting debt markets during a panic will find its way into both equities and commodities as a defensive maneuver and that this will happen regardless of already high valuations and P/E’s that are stretched by most standards. These are not normal times though. Never forget it is a once in a generation event to see interest rates fall so low. Beaten down resource stocks will no doubt be lifted by the debt bubbles bursting; but high flying stocks could soar. I suppose we really need to concentrate on surviving the waves of declines first though and keep in mind that a strong companies poor earnings could also signal that a weaker company has actually been forced into bankruptcy due to the same dynamics. I guess the important take away is that we should not doubt the risk of debt that even some well known companies carry. Casualties will as usual, come as a great surprise to Joe Sixpack but the wary amongst us stand to see tremendous benefits if we have done our homework and understand that what is coming is a historical wealth transfer. In a zero sum game, the losses of one party are the gains of another.

        • On February 17, 2015 at 1:16 am,
          HEAVYHITTER says:

          Back to historical measures. You won’t be able to find a tape measure
          in the coming debacle. The new paradigm is going to be much worse
          than your mind can conceive. All these projected outcomes will look
          like you need to find a new outlet. Your wasting your time.

          • On February 17, 2015 at 1:44 am,
            HEAVYHITTER says:

            You say homework. You’re going to need a lot more than that.

            You don’t even understand who your opponent is. Definitely
            not what you think and apparently way over your head.

            Your hopeless. How can you assume you can beat such corrupt
            circumstances and events in the near and distant future.

            You got to be kidding. You can type up a book filled with impressive
            content but it’s not taking me in.

            You actually believe the world is not changing for the very worst
            and these thugs running things will allow you to profit.

            Your defeated before you are even off the run way. Think its tough
            now. You won’t stand a chance in 6 months from now.

            You will be dumbed down. That’s the plan. NWO. plans.

            No one is factoring in lawlessness that will increase 100 fold.

          • On February 17, 2015 at 2:05 am,
            HEAVYHITTER says:

            Get out your history books Bird.

            Instead of referring to the last several hundred years.

            Go back 500 years. Thats the new paradigm. For many reasons.

            Those are the times we are entering and much worse.

            But the herd insists we will overcome these disparities and recover
            like we always have. Not going to happen.

            Bird, unfortunately you are just part of the herd.

            Anything optimistic right now is judgment that is completely
            misplaced.

            Tough times have arrived but far worse than imaginable.

            Progessively going to increase dramatically.

            Surprised you have overlooked the reality of things to come.

  79. On February 16, 2015 at 7:14 pm,
    Skeeta says:

    No show today?
    Is it a holiday in the US today?

  80. On February 16, 2015 at 11:09 pm,
    Andrew de Berry (Rev) says:

    Yes – President’s day whatever that might mean!!

    • On February 16, 2015 at 11:52 pm,
      Skeeta says:

      Ah…OK, thanks for the clarification Rev.
      Cheers.

  81. On February 17, 2015 at 1:59 am,
    Birdman says:

    Rick Ackerman is now in my camp where a call I made prior to the 1306 peak was to see gold fall to 1200 or below. We are on track for that now and recent action continues to be supportive of our views. More specifically we note silver is being bludgeoned this morning and looks to be printing an outside reversal.

    From Rick’s site earlier tonight, he notes “The very precise bounce from 1216.20, a midpoint Hidden Pivot support (for gold), has validated the bearish pattern shown. It projects to 1187.10, a little more than $40 below levels that obtained late Monday night.

    Link to Rickackerman.com for the details and todays article on T-Bonds
    http://www.rickackerman.com/

    • On February 17, 2015 at 2:34 am,
      HEAVYHITTER says:

      You don’t understand war…do you Bird.

      When nuclear armed nations clash it reinvents
      everything we have come to know. We will find
      out soon. Start factoring in all the high risks this
      world is plaqued with. There are so many that we
      could easily go back to the dark ages.

      There is going go be war. Financial collapse.

      Lawlessness will be wild. Everything you comment on
      excludes all these perils.

      The odds are high something very dramatic is coming.

      Especially with the herd so complacent engaging Russia into
      war. Nuclear war is not far fetched.

  82. On February 17, 2015 at 2:26 am,
    Brian says:

    That’s right BM. Rick has FINALLY come around to follow you.

    • On February 17, 2015 at 2:46 am,
      Birdman says:

      Not exactly what I said and certainly not what I meant. There is hardly time in a day to contend with the gold retards on this site who live wholly by assumption, innuendo and inference and seem to so often invest accordingly. Meanwhile, why don’t you check in on Ricks article for a real insight into T-bills and save your petty retorts for critic_crackers.com

      • On February 17, 2015 at 2:54 am,
        HEAVYHITTER says:

        Certainly you are not fully embracing an uncertain future
        that carries huge risk and high odds of nuclear war.

        Bird, stop turning from the facts and truth.

        Armageddon is very realistic.

        • On February 17, 2015 at 3:04 am,
          Birdman says:

          Armageddon is the BS theory you eat for breakfast but it is not the reality the rest of us live with.

          • On February 17, 2015 at 3:06 am,
            Andrew de Berry (Rev) says:

            BM I agree with you. If HH carries on much longer I shall blow a fuse! A

          • On February 17, 2015 at 3:16 am,
            Birdman says:

            Thanks Reverend. You know, he is blocked most of the time but for some reason the guys here let his posts through periodically to jazz up the site. Not sure why. He is not really even a Christian as far as I can tell (despite all the Christian rhetoric he spews). Nobody I know talks or behaves like him except those trying to get attention and create distractions. Mention it to Al maybe…..

          • On February 17, 2015 at 3:45 am,
            Vortex says:

            Andrew (REV), I agree with you completely.

            That gastly persona cannot exit this site soon enough in my opinion.

            The only solution to it is…………………………….please do not feed it!

            Peace REV.

            V

          • On February 17, 2015 at 6:35 am,
            HEAVYHITTER says:

            The agnostics just keep scoffing and no nothing else.

            The truth offends this little world that surrounds them
            in a forum bubble. Like this is all you have.

            Is that it. lol ..nothing better to do. But feed
            off the world that is controlled by satan the
            father of all lies.

            Don’t worry I know the company here. Enjoy the
            world while you still can before it gets real hot.

          • On February 17, 2015 at 7:10 am,
            HEAVYHITTER says:

            The rest of you. Who’s that Bird. You.. Andrew and V.

            YOUR NOT EVERYONE. Who do you think you are.

            You lost the debate and now upset. It was a debate.

            Thats all. Thats what forums do.

        • On February 17, 2015 at 4:05 am,
          Birdman says:

          Amen Vortex! Can we take a vote on it tomorrow and make it democratic and fair? This is a huge distraction on the site and drives the conversation the wrong way.

          • On February 17, 2015 at 4:20 am,
            Vortex says:

            Bird,

            I get the impression that the board generally really does not want to rock the boat with this situation. Thats why I’ve kept quite on the matter.

            I’m all for one speaking their mind, even if that person is unpopular, but this is getting really old.

            Most of the daily tirade’s are just complele and utter nonsense. Seriously the shock value of the world is coming to an end ran its course a while back.

            We all already understand that the world is not perfect and needs fixing, thats why most of us are here to begin with.

            V

          • On February 17, 2015 at 5:37 am,
            Birdman says:

            Likewise, I generally support freedom of speech. And yet….there is a limit to my patience and maybe the board is being taken advantage of for a single repetitious viewpoint that seems to just be a circular confusion of noise.

        • On February 17, 2015 at 6:37 am,
          HEAVYHITTER says:

          Rev. I’m past blowing a fuse with you.

          • On February 17, 2015 at 6:56 am,
            HEAVYHITTER says:

            Who are you to judge that nuclear war is not a threat.

            It certainly is. You people seem so complacent its highly
            likely. If you were concerned there wouldn’t be any danger.

            What scares me is you believe everything will be safe and
            nothing to fear. Great contrary indicator.

            Armageddon doesn’t scare me its the complacency of people
            thats frightening. They predict outcomes but ignore the signs.

          • On February 17, 2015 at 7:04 am,
            HEAVYHITTER says:

            I debated the subject and no one wants to discuss it anymore.

            That’s fine but after the debate I had you walk away upset.

            Lets face it, its unthinkable but the threat is real. Total denial.

            You people just don’t know anything and don’t want to know either.

            The truth hurts. It must, you get upset. Like I said total denial.

        • On February 17, 2015 at 7:28 am,
          Birdman says:

          Don’t forget bb! He is a great guy with a lot of smarts so don’t disrespect him by not mentioning his name HH.

          • On February 17, 2015 at 7:44 am,
            HEAVYHITTER says:

            BB….Bird….I don’t disrespect him.

            Right now he has nothing to do with this.

            Bird, we had a debate and you got upset.

            I was fine with it. No big deal.

            Your judgment for optimism is misplaced.

            I can’t agree with you. You need to accept it.

  83. On February 17, 2015 at 2:41 am,
    Vortex says:

    Bird,

    Very interesting. Rick has been pretty consistant in his bearish views. He’s been a deflationist for atleast a few years as best I can remember.

    • On February 17, 2015 at 3:00 am,
      Birdman says:

      As long as I have known him actually. And I believe he is one of the very best at arriving at the correct conclusions regarding the end of this empire of debt we live under. So I tip my hat to Rick on such matters. He was early though but surely cannot be criticized for being wrong. As I noted above, nobody seems to know the time and date of the final bust that is coming. And part of that reason is that none of us knew how much interventionist funny money was going to be thrown at the problem. Just the Chinese expansion of credit alone is enough to make ones eyes water and make our brains go soft in disbelief. It is unprecedented and unparallelled in all known history. To this day there are people who swear it won’t be a problem. Freaking denial or maybe just a fact of human nature. They do not trust their own eyes when looking at the bare facts. Like seeing a bloody bullet riddled corpse and somehow not understanding that a murder just took place. But does that mean the bust that must follow will be equally deep or worse? I rather suspect so but only time will tell. Until then the charts can guide us and we can keep Bob Farrel’s rules in mind (so yeah…it will be an epic bust….but don’t tell anyone I said that!!!!!)

    • On February 17, 2015 at 3:12 am,
      Birdman says:

      Just so you know Vortex, I have been following Rick for quite a few years. In that time he has made some spectacular calls and provided insights and assessments such that he is apart from the rest of the pack in my mind. I won’t hesitate to say that I believe he is one of the very best in the business. So when we get a day like today and I find him agreeing with me its a big feather in my cap and I have to say I feel pretty pleased about it.

      • On February 17, 2015 at 3:33 am,
        Vortex says:

        Bird,

        I remember years ago I was a staunch inflationist thinking the hyper-inflation boogieman and $20 dollar a gallon milk was just around the corner any day. I drank the whole hyper sorted concoction hook, line and sinker. But propaganda is a very powerful tool and it works.

        But, I’m living proof that you can teach an old dog new tricks. And I’m still learning everyday.

        I came across Rick by pure accident and dismissed him for a while, but as I’ve opened my mind in the years following, I realized there was a multitude of information worthy of consideration to digest and it worth listening to if you exercise a strong dose of discernment and commonsense.

        Ricks deflationary theory was one it took me a while to understand and accept, but now I realize that he was right on the money and has been for a while. The deflationary events that have unfolded are vast and dynamic, with a lot of on the job training (OJT) to grasp its concepts.

        Having said that, I think we’re all smart enough to understand that the inflationary genie will be let out in the open in due course and we will see the ugly side of that paradigm as well.

        • On February 17, 2015 at 3:46 am,
          Birdman says:

          Cheers to you Vortex. I appreciate your sensible comments.

  84. On February 17, 2015 at 3:26 am,
    Chips says:

    Hey everybody, have you seen this? –> http://youtu.be/huMYOJBJcEU
    It’s Greg Hunter’s most recent interview with John Williams (Shadow Stats) from 2/15.

    Title: John Williams-Odds High Hyperinflation Begins in 2015 (Early Sunday Release)
    [QUOTE] “Central Banks have been buying Gold… They know it’s coming.”

  85. On February 17, 2015 at 3:42 am,
    Birdman says:

    “Mr Schaeuble told German radio: “The problem is that Greece has lived beyond its means for a long time and that nobody wants to give Greece money any more without guarantees,” Mr Schaeuble said”.
    ——————

    The comment above from a Mish article today sums up the complete lack of understanding that the Troika and Germany have where the suffering of Greece is concerned. These guys, in their tiny thinking world, think of other nation states as if they are beggars and Pizza Parlour borrowers living on their last dime.

    I can hardly express how disgusted they make me feel.

    The simplest of concepts seem to evade them. Like for example that making a poor region stronger is actually in the interests of all the regional members. And that driving them deeper into debt is a liability for all concerned.

    Instead these morons work tirelessly to weaken their neighbors and demand ever more collateral without considering that assisting them during a period of hardship is a better use of time and capital.

    Public opinion is overwhelmingly on the side of Greece. The calls for Germany to relent are coming from all corners of the globe and from most sane economists, Presidents and the Finance community.

    What Greece needs is to be a part of a transfer system to take the pressure off and allow their economy to grow and contribute to the Eurozone region. Canada has just such a system. So does the USA. But it means the wealthier parts will contribute where there is a weakness and in return the weak members can reciprocate once they have their feet on the ground.

    I will only repeat a comment I made last week to express my views on this subject as directly as possible. If Ottawa had treated Quebec and the Maritime provinces the same way that Germany and the Northern countries are treating Greece then there would NEVER have been a country called Canada.

    These European Centrists are wholly focused on money and seem to have no understanding whatsoever of how to build on the strengths or do nation building. Right now it seems obvious to me that the European Union will fail and it is because of the shortsighted, myopic views of its Leadership and the lack of insights of their Ministers.

    What a pathetic display of ignorance they have shown us.

    • On February 17, 2015 at 4:07 am,
      Lawrence says:

      The money is German’s. If Greece has any honesty and integrity, they should not borrow without the capability to pay it back. And if they have any shame, they should stop demanding more. The Greek politicians make me sick. If this is the old time, they will be invaded and brought to their knees. They may still.

      I am by stander, if this is the world the bankers want to bring up along, there will be a lot of tough times ahead of us. Goldman Sachs brought Greece to Euro zone. Again we may hang bankers in the future.

      Greece politicians behave like thugs.

      • On February 17, 2015 at 4:47 am,
        Birdman says:

        Lawrence, you are wrong. Do you want Canada to go down that same road? If you do then you should also assume Canada will be broken up into economic parts and your “wealth” as a member of a “have” province and your status as a passport holder might both be at risk.

        What do you think is the value of your adopted country if not its ability to make all regions of the country roughly equal in incomes and thus part of a family rather that disparate nations where one succeeds while the others struggle?

        Honestly, I feel you have no good idea of what makes Canada great in the first place. There is more to good governance that just writing laws. The starting point of the countries success was determined by the good sense of its founders like John A Macdonald (amongst many others) who understood that it made no sense for the strong regions to seek rents, concessions and tribute from the weaker partners.

        Rather they sought inclusion and were prepared to share resources while taking the case to the electorate to show those ideals were the better solutions where defining how a great nation could be built.

        I strongly encourage you to change your position and to read more on how Canada was built to understand how it became one of the best countries in the world. I guarantee you it was not by squeezing the life blood out of those parts that wanted to participate but were not yet able to stand as equals and peers.

        The System of Equalization payments in Canada — Wiki (its just a start Lawrence)
        http://en.wikipedia.org/wiki/Equalization_payments_in_Canada

        • On February 17, 2015 at 4:55 am,
          Lawrence says:

          Bird, don’t trick me. I know the difference. Canada is one country . We have no problem helping our countryman when we can. But Greece and German are different countries.

          I am wrong from banker’s view off course.

          • On February 17, 2015 at 5:16 am,
            Lawrence says:

            When west Germany took over east and paid heavy price, Germans had no problem. They even voted a East German their chancellor. We should see the difference. Being one country is love and commitment. You can not have best of both world.

            I will have a busy day. Sorry no more responses.

          • On February 17, 2015 at 5:25 am,
            Birdman says:

            Learn your history my friend. Canada was once made up of regions that thought they were separate countries too. The disparities, languages, cultures and political differences could not have been greater. And yet despite those differences all the provinces were brought into Confederation one by one. Please read the article I am linking for a primer on the subject. And while you do that I want you to consider that there were forces during those times where the idea of nationhood was threatened by French intransigence, British domination, threats of annexation by the Americans, social unrest and divisive political splits between rivaling classes of the mixes of people and their allegiances to homelands and cultural /political views. That is not to even touch on the question of how Native Canadians fit into the equation. And they had indeed become a force to reckon with during the latter stages of country building. The Chinese were there then too Lawrence. So were the Japanese. And they all played a role in how the country was ultimately formed……so no friend…..this is not a trick. It is history and it is what makes your adopted country great.

            Confederation, The Case For a Country. —– The Canadian encyclopedia
            http://www.thecanadianencyclopedia.ca/en/article/confederation/

          • On February 17, 2015 at 6:40 am,
            Lawrence says:

            Agree totally. Country either are born with crisis or because of conquest. History is not what I am lacking. I know well how Canada was formed.

            Hope you are not suggesting Germans and Greece are making a country. Otherwise there is no comparison

          • On February 17, 2015 at 7:00 am,
            Birdman says:

            Yes Lawrence, I am indeed suggesting that the Euro project is ultimately about creating much more than just a common currency and a body of regulations that all parties live under. It will never be Canada or the USA of course and we don’t expect them to form a true “United States of Europe” but I do think that in time the various countries will come under a better fiscal and sharing structure if the idea of unity is to survive. It really all comes down to the force of will of those who would be part of the union but are at a disadvantage. Their needs come ahead of the demands of the wealthier states. But the leadership of Germany above all must now come to the fore because the track they are now on will otherwise lead to the impoverishment of everyone in the group.

      • On February 17, 2015 at 4:58 am,
        Lawrence says:

        Btw, I love Canada as much as you do if not more. The difference is that I don’t love US.

        • On February 17, 2015 at 5:33 am,
          Birdman says:

          That is because you don’t understand that Canada and the US were formed under similar circumstances and the cauldrons were in many ways the same with the exception Canada did not suffer race related problems that divided North and South.

  86. On February 17, 2015 at 3:59 am,
    Birdman says:

    If anyone out there is curious about the position of Greece (and less interested in the media spin that attempts to portray him as Satan) then tune into an excellent interview from “The Institute For New Economic Thinking”.

    This is a four part series of videos running under an hour total and featuring Yanis Varoufakis that discusses the predicament Greece faces under the current regime plus a wide range of discussions on flaws in the international system that has led to so much inequality across the globe.

    The short 4 part series is called “The Global Minotaur”. Most here will enjoy it.
    https://www.youtube.com/watch?v=cpiE8zh3l9Q

    • On February 17, 2015 at 6:22 am,
      Birdman says:

      Segment two is for you Matthew since you don’t seem to understand how recycling of surpluses is required to keep balance in the global economy. I know, I know…. you think it is some kind of socialism if any system is adopted that creates equity between countries and brings balance back to the system. But you are deluded by your thin vulgar gold-centric views and simplistic understanding of even Austrian theory which you sometimes espouse.

      Yanis Varoufakis: Bankruptocracy–segment 2 of4………….. June 2012
      https://www.youtube.com/watch?v=p7iz346xlb8

      • On February 17, 2015 at 7:08 am,
        Matthew says:

        Re: “I know, I know…. you think it is some kind of socialism if any system is adopted that creates equity between countries and brings balance back to the system.”

        Hard to believe that a few here can’t see why you deserve little respect.

        • On February 17, 2015 at 7:14 am,
          Birdman says:

          For just one time in your sad, sorry life I would encourage you to rise above your barbaric notions of wealth, money and social equity and try to do some thinking outside your little world of gold coins and lumps of metal.

          • On February 17, 2015 at 7:27 am,
            Matthew says:

            And I would encourage you to at least consider refraining from pretending that you know what you’re talking about. It’s embarrassing. While you’re at it, you can stop putting words in people’s mouths and coming to conclusions based on your assumptions.

          • On February 17, 2015 at 8:43 am,
            Birdman says:

            But I do know what I am talking about my friend…….You, not so much.

        • On February 17, 2015 at 7:19 am,
          Birdman says:

          PS: Matthew…..my gold call was right on the money. Yours…..not so much. Oh wait, you didn’t make a gold call because you are like my turtle with her head crammed up the shell. You excel at 20/20 calls after the fact and producing exciting charts to mislead your loyal band of followers.

          But you know what?

          They are going to abandon you for all the mistakes you keep making. Just bother me once and I am going to quote in detail all the bull calls you made exactly when gold was falling like I told you it would do.

          Like I have said many times before…..you are the worst analyst EVER!!!

          Chartboy begone.

          • On February 17, 2015 at 7:39 am,
            Birdman says:

            Behold 1203 gold my friend….and you said it would not happen! Where is your 1550 now?

          • On February 17, 2015 at 7:44 am,
            Birdman says:

            This one is just for you buddy. The Surfaris from 1963 …….WIPE OUT!!!
            https://www.youtube.com/watch?v=TsjcyKQpMKk

          • On February 17, 2015 at 8:02 am,
            Matthew says:

            I did not say that it would NOT happen. That’s the kind thing you do. I know better than that.

          • On February 17, 2015 at 8:41 am,
            Birdman says:

            No, you don’t know better. I have taken the trouble incidentally to copy and record your charts and graphs with all the up-sloping lines and optimistic forecasts for gold. So you see Matthew….two can play this copy-paste game. And soon enough I am going to unleash all your bullish crap back on you and teach you a lesson that everyone here will understand with clarity. Your judgement of gold ain’t worth snot.

          • On February 17, 2015 at 8:57 am,
            Matthew says:

            Did you also copy the post in which LPG was a seller above 1300 and I said that he was acting professionally and that I hoped people were paying attention? Further, did it ever register with you that I am always buying weakness and selling strength? I’ve been mostly a buyer for the last week and am happy about it.
            I almost never recommend buying after a rally or into strength even if I am of the opinion that something is heading higher.

            You are completely illiterate when it comes to charts but that doesn’t stop you from pontificating, does it?

          • On February 17, 2015 at 9:04 am,
            Birdman says:

            You have been buying into losses for the past three years since we first met online and gold went through a massive puke in declines. I cannot believe you are still solvent. Maybe your wife subsidizes your playtime.

          • On February 17, 2015 at 9:06 am,
            Birdman says:

            Just admit it Matthew….you got beat again (for the fourth weekend in a row). Give the Bird a stroke because he was right and made a good call. You are really so arrogant sometimes.

          • On February 17, 2015 at 9:48 am,
            Birdman says:

            🙂 🙂 🙂

  87. On February 17, 2015 at 4:24 am,
    Agatha Gisty says:

    Lawrence your personal righteousness does not lead to understanding the situation.
    Inane

  88. On February 17, 2015 at 6:31 am,
    Andrew de Berry (Rev) says:

    Good call to whoever it was on this site who said gold to get smashed today. Down 16 bucks. Chinese new year arrives on Thursday – could be interesting for PMs.

    • On February 17, 2015 at 6:43 am,
      Birdman says:

      Thank you very much Andrew…. I will accept your accolades. I am now more than 90% of the way to my target of 1200 although it now appears that we will indeed fall below my price level (which means this was a FANTASTIC trade for those who listened). The bulls still think I am a retard and that my calls are biased. What they fail to see is that I am bearish because the charts are bearish! Nothing more to it than that. I don’t print the data….I only try to read it as best I can. This was a winner in big black spades.

  89. On February 17, 2015 at 6:48 am,
    CFS says:

    Birdman, what Varoufakis does not address is that exchange rate adjustment mechanism were (after 1971) suppose to take care of accumulated trade imbalances.
    i.e. that if a country had a large trade surplus then its currency was supposed to rise, making its exports more expensive and thus reduce the surplus back to balance.
    The problem is that large money flowsand large central bank printing have upset the currency adjustment mechanisms, and this currency adjustment problem has not been addressed.

    • On February 17, 2015 at 6:50 am,
      Birdman says:

      Those are both excellent points CFS and I appreciate you brought them up. You may be the only one paying attention this morning!

    • On February 17, 2015 at 6:53 am,
      Birdman says:

      Here is segment 3 if you are interested. Yanis is brilliant in my opinion and quite well spoken so it is well worth the time to listen to what he is saying even if we disagree on some points.

      Yanis Varoufakis—– The Two Faces of the Crisis — part III
      https://www.youtube.com/watch?v=cYMH09amEpI

  90. On February 17, 2015 at 7:01 am,
    CFS says:

    The problem I have with Keynes and I believe probably also Yaroufakis is their Marxist fundamentalism. (I am not sufficiently familiar with Yaroufakis, but am now going to become so)

    • On February 17, 2015 at 7:10 am,
      Birdman says:

      I would not call him Marxist by a long shot. More a realist and one who understands the mechanisms that are affecting our lives quite independently of politics and philosophical viewpoints. Some things just come down to the function of how capital always works throughout history, CFS.

      • On February 17, 2015 at 7:15 am,
        HEAVYHITTER says:

        Bird, I don’t agree with your optimistic views.

        Thats all. We debated and you become upset.

        Its not necessary. As for you Andrew I will debate
        a subject here and don’t need permission from you.

  91. On February 17, 2015 at 7:03 am,
    Matthew says:
  92. On February 17, 2015 at 7:06 am,
    Birdman says:

    Part 4 of the Yanis Varoukanis video series — “The Global Minotaur”
    “The Eurozone is so badly designed that………” Yanis Varoufakis
    https://www.youtube.com/watch?v=cesx3QEGdgU

    • On February 17, 2015 at 7:22 am,
      HEAVYHITTER says:

      I’m going to make things clear to Bird, Andrew and V.

      If I want to debate a subject here and disagree with
      optimistic views I will.

      If I want to communicate with other posters here regarding
      the same it has absolutely nothing to do with you.

      You don’t agree with my views you should ignore my posts.

      Scroll by and find something else to do. I will do the same.

      • On February 17, 2015 at 8:04 am,
        HEAVYHITTER says:

        NATO in Ukraine is a huge threat to the world.

        They plan on dismantling Russia.

        Why do you Bird and Andrew ignore this threat.

        It’s a big threat and the complacency is shocking.

        Proves both of you are very ignorant to whats
        really transpiring in this world.

        Don’t worry, I don’t want to listen to you
        anymore than you want to listen to me.

  93. On February 17, 2015 at 7:13 am,
    CFS says:

    I agree that international rebalancement of surpluses is necessary, but I disagree that the solution is a voluntary or involuntary transfer of money.
    My problem with that is that it basically gives the lazy/unproductive countries/people a free-ride.

  94. On February 17, 2015 at 7:18 am,
    CFS says:

    Time and again history has taught us that large transfers of money tend not to work.
    Just look at foreign aid gifts from the US.
    How often have large proportions of this aid ended up in the Swiss bank accounts of corrupt third-world leaders?

    • On February 17, 2015 at 7:23 am,
      Birdman says:

      Very true. And that is another great point CFS. But in the case of Europe we have open borders, a common currency, open trade and in theory anyways there are equal chances and opportunities for the citizens so we cannot compare the region to Third World Dictatorships who will not respect the rules.

  95. On February 17, 2015 at 7:20 am,
    CFS says:

    How often has welfare taken impoverished citizens out of poverty?

    • On February 17, 2015 at 7:24 am,
      Birdman says:

      Simple answer?…..Always. Do you object to social transfers to the less fortunate?

      • On February 17, 2015 at 7:55 am,
        Matthew says:

        Always? Try NEVER. When you subsidize anything you get more of it. LBJ’s War on Poverty has made the U.S. poorer just as the neocon’s War on Drugs has led to more drug problems.

        Only Birdbrains believe that theft is only wrong some of the time or that theft is no longer theft when 51% say so.

        Mises was 100% correct: “A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism: is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”

        Did Sweden Prosper Because of Its Welfare State?
        https://www.youtube.com/watch?v=5gvVPBBDpV8

        • On February 17, 2015 at 9:02 am,
          Birdman says:

          Where is your bullish gold forecast for today Matthew? Cat got your mouse?

          • On February 17, 2015 at 9:25 am,
            Matthew says:

            I told you elsewhere that I’ve been mostly buyer for the last week (miners!). Are you trying to change the subject?

            Getting back on track, Mises was also 100% correct when he asserted that: “The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.”

            Not that it would bother someone like you to “acquire by force.”

          • On February 17, 2015 at 9:46 am,
            Birdman says:

            You are always full of quotes from famous people….but there is precious little content from you. We all notice it Matty. You cover your inconsistencies and weaknesses by relying on the words of others to paper over the obvious deficiencies. No problem man. Just so you know though….people here see that you come up with nothing on days like today as you cloak yourself in the words of others more bright and more famous than yourself.

          • On February 17, 2015 at 10:16 am,
            Matthew says:

            What a vacuous comment. At least it’s about one-tenth the length of your others.

          • On February 17, 2015 at 10:49 am,
            Birdman says:

            I am trying to keep it simple just for you…kisses!!

          • On February 17, 2015 at 10:50 am,
            Birdman says:

            😉 …… 😉 …… 😉 winky eyes for you!

  96. On February 17, 2015 at 7:24 am,
    CFS says:

    I would suggest that, counter to its intent, welfare in general, has encouraged the poor to have more children; thus, in fact , exacerbating and perpetuating the poverty problem.

    • On February 17, 2015 at 7:25 am,
      Birdman says:

      Maybe do a review on the Irish potato famine and then get back to me on that.

      • On February 17, 2015 at 7:39 am,
        BDC says:

        Welfare (socialism) is potentially viable only
        in homogeneous societies. It is too simple to
        tear apart the multi-cultural country – to pit
        one ethnicity against the other. The Marxist
        class vs class ideology is problem enough to
        deal with, without confusing the issue more!

    • On February 17, 2015 at 8:34 am,
      Birdman says:

      Are there no prisons? Are there no work houses?

      • On February 17, 2015 at 11:07 am,
        J........THE LONG....................OOTB says:

        Best character going……….SCROOGE MCBIRD……….

  97. On February 17, 2015 at 7:26 am,
    Steven says:

    It is Tuesday morning and the paper price for precious metals is in a bit of a free fall or so it appears. It is not zero yet but paper is worth what it is made of and having gold or silver typed on it does not make it more valuable. The paper gold and silver can go to zero. No problem. The real metal however is going to cost a fortune and the smart Alec’s in the trading pits are going to find that out the hard way when they start looking for real metal to buy instead of lease.

    • On February 17, 2015 at 7:36 am,
      Birdman says:

      Yeah….I have heard that one before!!! Ha Ha Ha!!

  98. On February 17, 2015 at 7:30 am,
    franky says:

    Dis is a monopolist WORLD ! SQUEEZE GAME ! And you will OBEY !

  99. On February 17, 2015 at 7:30 am,
    CFS says:

    With specific regard to Europe, the EU has spent vast amounts of capital to improve infrastructure in Greece, Portugal, Italy, Spain, etc. (Presumably, in the hopes of improving industrial efficiencies.)
    However, the character of Southern Europeans is substantially different from northern Europeans.
    It is this fundanmental difference that may never make it possible for a fair political and financial union.

  100. On February 17, 2015 at 7:32 am,
    CFS says:

    I believe in teaching men to fish, not in giving them fish.

  101. On February 17, 2015 at 7:37 am,
    Dan, calgary says:

    Hi Steven, IMHO the very essence of gold and silver IS to be manipulated. When the PTB throw every thing they have at the PMs, and they go up, that will be when they show their stuff.

    Life in the PM market is much easier when one expects and anticipates manipulators to participate in these markets in a big way. When the mud doesn’t stick anymore is the time to load up.

    Today looks like a sale for the brave and a drop to nothing for the timid.

    • On February 17, 2015 at 8:29 am,
      Birdman says:

      What manipulations! It was all written in the charts beforehand. I could not disagree with you more, Dan.

      • On February 17, 2015 at 8:37 am,
        Dan, calgary says:

        A one day, 5% drop was in the charts?

        • On February 17, 2015 at 9:00 am,
          Birdman says:

          No Dan, but the drop from 1306 to 1200 was clear as day to anyone paying attention though. OK…so we are still three bucks from my bottom call but that’s a small fraction of the decline this far. I still think we are going lower by the way….and yes, the bear is still alive and well. So be careful hitching your wagon to that driven by the gold retards.

          • On February 17, 2015 at 9:09 am,
            Dan, calgary says:

            Then can you explain today’s drop?

          • On February 17, 2015 at 9:10 am,
            Dan, calgary says:

            Sorry, I am speaking of silver as I don’t care much about gold anyway.

          • On February 17, 2015 at 9:49 am,
            Matthew says:

            BM is clearly in one of his Manic Meltdown Modes when he brings up my wife or refers to gold investors as retards.
            Thanks to this footage from one of my contacts, we now know what kind of bird the Birdman is.
            https://www.youtube.com/watch?v=IfX08j69oZI

        • On February 17, 2015 at 10:46 am,
          Birdman says:

          GDXJ down more than 3% today….whooops!!! Back to the cartoon board Matty boy.

  102. On February 17, 2015 at 8:26 am,
    Andrew de Berry (Rev) says:

    Guys just so I don’t end up going schizophrenic myself on this site, let me simply say this:
    HH I love your zeal for Christ as I’ve always said. But I believe you’re as mad as a fish when it comes to the end times. The U.S. where it all started has some major business enterprises revolving around End time/ Rapture ministries, and I hate the sanctimonious piety of some of its so-called scholarly protagonists. People who think they’ve got it sassed through their interpretation of such books as Ezekiel, Daniel and Revelation are as crazy as St John the Divine (author of Revelation and undoubtedly unhinged), as well as in all likelihood Ezekiel. Notwithstanding that we are living in perilous and acutely painful times, Armageddon is not upon us!
    Birdman I love the way you keep hammering away at your pet themes. However I hate the way you’ve unleashed your vitriol from time to time at folks like Matthew and myself, without so much as a word of apology. It discredits you on that score.

    And for me Matthew you’re the star of this triumvirate!!

    Anyway lol guys and let’s all move on!

    • On February 17, 2015 at 8:32 am,
      Birdman says:

      For you it is vitriol……for me, I call it truth.

      • On February 17, 2015 at 8:36 am,
        Matthew says:

        Of course you do, Bird!

        • On February 17, 2015 at 8:57 am,
          Birdman says:

          Ha Ha Ha….trapped yourself again 🙂

    • On February 17, 2015 at 8:36 am,
      Matthew says:

      Thanks Andrew 😉

      • On February 17, 2015 at 9:42 am,
        Andrew de Berry (Rev) says:

        Pleasure as always Matthew!

    • On February 17, 2015 at 8:48 am,
      HEAVYHITTER says:

      I do understand Andrew. However, doesn’t mean its true regarding Gods Word.

      Yes, I accept the fact maybe with too many posts but it was at the end of the
      weekend. You don’t see me disturbing during normal business and primetime
      weekend. Very seldom.

      Anything I have done to upset anyone I apologize. I know I’m not perfect.

      Far from it. However, the prophecy in Gods Word is predicted just as God
      said. In fact, with 100 percent accuracy. Besides, anyone who is paying
      attention this world has serious perilous times ahead. Don’t need to know
      Gods Word to recognize that.

      Cheers and enjoy your week.

      Btw…I post these prophetic times we are in not for my benefit.
      In hopes that someone realizes the times we live and in the
      final hours are drawing near. Amen…because judgment is
      at hand. Don’t agree that’s fine. Not here to force anyone.

      • On February 17, 2015 at 9:44 am,
        Andrew de Berry (Rev) says:

        HH Nice reply: There’s a helluva nice guy trying to get out and a hell of (enjoy the pun) a good Christian too!

        • On February 17, 2015 at 10:13 am,
          HEAVYHITTER says:

          Andrew…I look up to you. I consider you the genuis here.

          There are so many things you do that are remarkable.
          The way you use words and construct them is amazing.

          You offer the love that makes this world a better place
          than what it is. Thats so important.

          God Bless you for all you do. Peace and prosperity always !!!!

          • On February 17, 2015 at 10:16 am,
            Andrew de Berry (Rev) says:

            HH You’re WAY too kind! Blessings as always, A

          • On February 17, 2015 at 10:44 am,
            HEAVYHITTER says:

            You to Andrew. Thanks for offering the love to everyone on this forum.

            I think Big AL ..is a great mentor as the good example here too.

            Well, he really is The God Father here in this family Forum.

            Have a blessed day !!!! : )

    • On February 17, 2015 at 8:57 am,
      Dan, calgary says:

      Good post Andrew (;-)

      • On February 17, 2015 at 11:09 am,
        Birdman says:

        Yes he is a genius /sarc/.

  103. On February 17, 2015 at 8:51 am,
    CFS says:

    Bird, I did not recognize Varoufakis, but it turns out that I met him some 25 years ago.
    He was a lecturer at UEA, Norwich, when I was on sabbatical there. albeit we were in different departments.

    I remember now. He is a raving Marxist.

    • On February 17, 2015 at 9:00 am,
      Matthew says:

      It’s hardly surprising that Birdman would consider a Marxist “brilliant!” Lol…………

      • On February 17, 2015 at 9:41 am,
        Birdman says:

        Matthew, there is absolutely no question that he is brilliant. You do not need to agree with the man to appreciate that he is a great thinker amongst his peers. There are many times people will disagree with one another on technical points but I will never disparage someone who comes to the table with good creative thinking.

        Did you even listen to the interviews? Go ahead, take a risk. Did you listen?

        • On February 17, 2015 at 9:59 am,
          Matthew says:

          Brilliance shouldn’t be measured by mental wattage alone, it should be measured by the soundness of ones results or conclusions. If he’s truly a Marxist and not a shill, he can’t be brilliant.

          • On February 17, 2015 at 10:41 am,
            Birdman says:

            Ha Ha! Funny stuff you talking about wattage. Ha Ha Ha!!! 🙂

        • On February 17, 2015 at 10:50 am,
          CFS says:

          I don’t brilliant is the right word.
          He is eloquent.

          Just as Obama is eloquent.

          However, my opinion of Obama is that he is Marxist scum, out to destroy the US, as we once knew it.
          With regard to Varoufakis, I have not studied him sufficiently, but I do know his values regarding private property are not compatible with capitalism.
          As with all Marxist he seems to place the state at a pinnacle, which is not acceptable in my ethical system.
          “The State can do no wrong” is not acceptable to me.
          Whether it is confiscating people’s money or burning people alive, I find neither acceptable.

          • On February 17, 2015 at 11:08 am,
            Birdman says:

            You should offer some evidence of what you are claiming CFS. I am not going to say you are a liar but if you make accusations like you are making then maybe offer something of substance to back it up. A YouTube video perhaps….a collection of quotes from newspapers….a link to a scholarly article.

            Please don’t just do the the usual blah blah blah. that is merely hot air. And hot air is also what comes out of peoples asses.

          • On February 17, 2015 at 12:05 pm,
            HEAVYHITTER says:

            I see smoke from you Bird.

            A burning out old flame.

            Wrap your mind around Armageddon.

            Lets get this over with. Armageddon is real.

            Capitulate….

  104. On February 17, 2015 at 9:12 am,
    HEAVYHITTER says:

    OPERATION CHOKE POINT….I will leave you guys with this.

    Precious metals will not be allowed to rise. not until the
    end of the financial system.

    http://www.youtube.com/watch?v=pwlQgNisgqA

    ITS THE NWO.ITS HERE. Gold dealers are under attack.

    Kitco might have to shut down.

  105. On February 17, 2015 at 9:19 am,
    CFS says:

    Varoufakis has at least two basic tenets, with which I fervently disagree:
    He claims Capitalism equals Misanthropy.
    He believes Labor is the basis of all wealth creation.

    While labor might be an important part of some wealth creation, I believe it to be only a part. He denies importance to wealth. I believe this to be a blind spot which will seriously downplay the importance of saving and fiscal prudence in society. Classical Marxist/communist error.

  106. On February 17, 2015 at 9:31 am,
    Matthew says:

    Two more great Mises quotes. Pay attention Birdman.

    “Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”

    “There are many socialists who have never come to grips in any way with the problems of economics, and who have made no attempt at all to form for themselves any clear conception of the conditions which determine the character of human society.”

  107. On February 17, 2015 at 10:14 am,
    Andrew de Berry (Rev) says:

    Do you think he’ll say thank you Matthew?!!

    • On February 17, 2015 at 10:18 am,
      Matthew says:

      No, but he’ll probably try to pass them off as his own on other boards! Lol…

    • On February 17, 2015 at 10:37 am,
      Birdman says:

      No doubt Mises will NOT say “Thank you” Andrew, for the simple reason he has been quoted out of context and with no follow through offered by the one repeating the quotes. Don’t you find it very odd, uncomfortable and surreal that Matthew copies the words of others and then tries to pass them off as his own ideas?

      It is totally bizarre. But his own head appears to be as empty as a balloon.

      I wish I knew what to make of it all. One day he will speak in his own voice and we can decide if his ideas cut the mustard or there is indeed nothing of substance inside that head of his after all.

      • On February 17, 2015 at 11:15 am,
        Matthew says:

        Re: “…Matthew copies the words of others and then tries to pass them off as his own ideas?”

        I give proper credit to every quote I put up. What’s the the matter with you? Blunt trauma to the head? What?

        And Jody D thought I was out of line to call you a scumbag!?

        • On February 17, 2015 at 11:48 am,
          Birdman says:

          I don’t give a damn about old quotes Matthew. Just speak from your heart in your own voice and I will have a lot more respect for you.

          • On February 17, 2015 at 11:57 am,
            Matthew says:

            Funny stuff right there!

          • On February 17, 2015 at 12:31 pm,
            Birdman says:

            That you talking? Or is it a quote?

            Please use quotation marks next time! 🙂

            Here is your “funny stuff” by the way….just to prove to everyone that virtually everything you write is actually some other persons work. What a joke you have become, copy boy. Not an original thought in your head. Sorry to have to say it. All dead air space between the ears.

            Now that’s funny stuff right there…
            https://mandrellmadness.wordpress.com/now-thats-funny-stuff-right-there/

      • On February 17, 2015 at 11:38 am,
        HEAVYHITTER says:

        Bird, you are so wrong.

        All your philosophy when it comes to investing in this coming paradigm
        change will not go as you comment here.

        Whats so remarkable the change is happening under your own nose. You
        still refuse to accept the lawlessness and perilous times coming that will
        only intensify. It’s going to affect everyone. Unlike Matthew you believe
        your above the most famous of the wise.

        Bird, you need to capitulate to the fact your not as wise as you believe
        you are. Lets face it Bird your just playing yourself off as someone who
        is not what you really claim you are. Think your special. Lets see how
        you perform with people other than one’s on this forum that post.

        You want to be fair. Post your comments on a board with people who
        have doctoral degrees and professors. You won’t do it because your
        a control freak. You want to play God. Thats why you reject God. You
        are trying to compete with him. I GET IT !!!!! God gets it too. ; )

  108. On February 17, 2015 at 11:24 am,
    Matthew says:

    Oh look, XOP is up almost $11 since I last bought it at 43.28. Isn’t it interesting that Bird “Always Right” man never shares his buys or sells? Yet he does his daffy maniacal cartwheels like he’s actually profiting from his delusions in real life! LOL!!!

    • On February 17, 2015 at 11:45 am,
      Birdman says:

      I post calls all the time you idiot. Most are correct. Read them and weep.

      • On February 17, 2015 at 11:54 am,
        Matthew says:

        “Calls” are not the same thing as what you are actually doing with own funds (you idiot).
        As for your calls, you are delusional about your success rate.

        • On February 17, 2015 at 12:22 pm,
          Birdman says:

          My success rate is a lot higher than yours. I guarantee it.

          • On February 17, 2015 at 12:52 pm,
            Matthew says:

            And like I said, you do not post any of your own actions (with the exception of one when you claimed to have gotten short gold and then it rallied to 1308 immediately afterward!). Luckily for your wallet, I don’t believe you really made that bet either!

          • On February 17, 2015 at 1:02 pm,
            Birdman says:

            Cute Matthew. I put my numbers up weeks ago and you still can’t accept them even after I have been proven 100% correct in the assessment. Your stupidity is beyond redemption.

    • On February 17, 2015 at 12:16 pm,
      Lawrence says:

      Matt, to be fair to Bird, he did say “sell gold and buy oil”

      • On February 17, 2015 at 12:23 pm,
        Birdman says:

        Yes I did. Thanks for pointing that out Lawrence.

      • On February 17, 2015 at 12:36 pm,
        Matthew says:

        I said it first, Lawrence, and even put up a 33 year chart to go with it.

        • On February 17, 2015 at 12:36 pm,
          Birdman says:

          You were second. You are always second.

        • On February 17, 2015 at 1:49 pm,
          Lawrence says:

          LOL. Matt, I do remember you gave a chart and said oil is oversold in term of gold. I cannot remember who was first. Since we are always on the same side, I give you the benefit of doubt. Haha….

      • On February 17, 2015 at 12:41 pm,
        Matthew says:

        Bird was also very bearish AT each of gold’s major lows of the last nearly two years. He kept calling for $968 gold while I said over a year ago (2013) that the worst case was 1155 to 1125. In December ’14, he and nearly every well known analyst (Armstrong, Yamada, Bevan, Ackerman, Savage, Rogers, etc.) was bearish right at the lows before GDXJ rallied 59%.

        • On February 17, 2015 at 12:58 pm,
          Birdman says:

          Wait my friend….the lows are not in yet. You can celebrate later but first we need to see the final numbers. So why don’t you make a call? This should be easy. Give me the close for this week. You think you are a smarty pants. No problemo Matty….just stick your neck out like the other brave people on this site and put up a number.

          Bet you don’t have the guts! Got a quote from a famous person about that?…….waiting……waiting…..waiting……..

          • On February 17, 2015 at 1:27 pm,
            Matthew says:

            So you’ve flip-flopped yet again. Are we going to 968 after all?

  109. On February 17, 2015 at 12:06 pm,
    Andrew de Berry (Rev) says:

    Matthew With the greatest respect don’t get dragged into the name-calling. You’ll never win with someone suffering from NPD

    Birdman – Nor am I trying to score points here. But read the first two paragraphs of what and who someone suffering from NPD looks and sounds like. As I said I am not trying to put you down. But my friend you really do need help.

    http://psychcentral.com/disorders/narcissistic-personality-disorder-symptoms/

    • On February 17, 2015 at 12:21 pm,
      Birdman says:

      Andrew, with all due respect that NPD bullshit you keep trying to shove down my throat is a big fat bore. Why don’t you go back to writing worthless novels that nobody buys and you can keep subsidizing the cheap thrill of your self-authored fantasy.

      You are something else. Does your wife pay for it all? Can’t do it on a Sermons wage.

      • On February 17, 2015 at 12:23 pm,
        Andrew de Berry (Rev) says:

        SIGH!!

        • On February 17, 2015 at 12:36 pm,
          Birdman says:

          Cry!!!

      • On February 17, 2015 at 12:26 pm,
        HEAVYHITTER says:

        Bird…how dare you treat Andrew this way.

        I resent this. I hereby ask you to take time
        off from this forum.

        Please God help us all. This man Bird is dangerous.

        CFS was deeply hurt as well.

        • On February 17, 2015 at 12:29 pm,
          CFS says:

          I have elephant hide.

          A wrinkly and very thick skin!

          • On February 17, 2015 at 12:33 pm,
            HEAVYHITTER says:

            That’s good CFS. Glad your okay. Good laugh too. Elephants skin !!!!

          • On February 17, 2015 at 12:47 pm,
            Birdman says:

            Come on CFS, I only asked you to back up what you wrote. You are a scholar and an educated person. Make the effort because everyone who reads these remarks is waiting for you to come through with the goods…..otherwise just apologize and move on. We can all accept when another person is wrong becasuse we have all had that experience.

            So no big deal if you just come clean and admit you have nothing.

          • On February 17, 2015 at 3:00 pm,
            CFS says:

            Birdman, if you don’t understand why Marxism does not work, I do not have the time to try to explain.
            Neither is it so much a question of economics, but rather a question of psychological motivation of what drives a person to strive for greater achievements at the expense of loss of free time, etc.
            The carrot of reward for effort has always proven more productive than the stick of compulsion or the “pie in the sky” reward of helping humanity.
            Free market capitalism is better than societal compulsion Marxism.
            e.g. South Korea vs. N. Korea

            Present China vs. Mao’s China
            Russia vs. Soviet Union.
            Etc.

    • On February 17, 2015 at 12:22 pm,
      HEAVYHITTER says:

      Andrew..he’s cruel to CFS.

      I can’t hold a debate with Bird. He gets upset.

      You know how to fix this Andrew. Thank God
      for your presence and wisdom.

      He needs to apologize to CFS too.

    • On February 17, 2015 at 12:42 pm,
      Matthew says:

      I agree Andrew, but…! 🙂

      • On February 17, 2015 at 12:43 pm,
        Matthew says:

        (Referring to name-calling.)

  110. On February 17, 2015 at 12:25 pm,
    Andrew de Berry (Rev) says:

    Yes HH. BM will unravel which brings me no joy, A

    • On February 17, 2015 at 12:29 pm,
      HEAVYHITTER says:

      Andrew. …glad your here.

      You always make things better.

      Your great words of wisdom. : )

    • On February 17, 2015 at 12:42 pm,
      Birdman says:

      I am pretty happy and well balanced lately Andrew. An it would appear I am on top of the game. Quite unlike you and your good friend Matt who screwed up royally on this latest gold decline. He thinks it is going to 1550!!!! Ha Ha Ha Ha!!!

      Make me laugh man….you guys are a few years early or several too late. Eat your losses.

      • On February 17, 2015 at 12:48 pm,
        Matthew says:

        You are an incredible dufus, for lack of better terms! lol
        Most of what I’ve been buying lately has NOT made new lows today. My top gaining juniors today are up 16.71% and 14.15%. Sell strength, buy weakness, repeat!

        • On February 17, 2015 at 1:08 pm,
          Birdman says:

          What a petty jealous person you have become. Brag to your wife please because we don’t care about your puny penny gains.

          • On February 17, 2015 at 1:25 pm,
            Matthew says:

            You might want to cut the mercury from your diet. My response had nothing to do with bragging since the board’s resident psychopath said I “screwed up royally” and should eat my losses.

  111. On February 17, 2015 at 12:35 pm,
    HEAVYHITTER says:

    Will return after lunch. Hope Bird seeks counseling he so desperately needs.

  112. On February 17, 2015 at 1:43 pm,
    Matthew says:

    On January 10, 2015 at 10:55 am,
    Birdman says:

    You know what I meant. Anyway, that’s how it looks right now. We get a gold decline Monday back inside the channel to around 1200.
    ————
    What happened that Monday? Gold went UP $26.

    On January 9, 2015 at 5:49 pm,
    Matthew says:

    “Gold is likely to do well next week.”
    ———
    What happened? Gold went up $60.

  113. On February 17, 2015 at 2:11 pm,
    Matthew says:

    Just as gold was about to rally $85 in two weeks…

    On January 11, 2015 at 11:27 am,
    Matthew says:

    This is not the time to buy GDX puts.
    ————–

    When gold was $1230 and on its way to 1308…

    On January 13, 2015 at 6:44 pm,
    Matthew says:

    Tom, what is it that makes you think the rally is done? The chart is not negative right now and today’s action was very good for the health of the move, not negative.
    I am not saying that the rally can’t be done, but there is no reason so far to think that is the case. Do you see something in the chart that you don’t like? I’m just curious about what you’re basing your bearish opinion on.

  114. On February 17, 2015 at 7:03 pm,
    HEAVYHITTER says:

    You guys need some cheering up.

    Here’s a neat pencil trick watch it disappear.

    http://www.youtube.com/watch?v=QehZjjwb7-I

    You won’t believe where it ends up. : )

    Lord willing… I might see you guys this weekend too.