Gold, Energy, Geopolitical Factors and Politics
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Analyst Jayant Bhandari discusses India’s role in the gold markets.
- Segment 2: Peter Brandt of Factor Research discusses investing in Europe and his pessimism regarding the energy sector.
- Segment 3: Chris Temple of The National Investor opines on Greece.
- Segment 4: We wrap up the weekly markets with Chris Temple of the National Investor, Dr. Richard Postma, AKA Doc, Rick Ackerman of Ricks Picks and Gary Savage of Smart Money Tracker.
- Segment 5-6: John Kaiser of The Bottom Fishing Report discusses the importance of geopolitical factors as they relate to investing as well as strategic metals.
- Segment 7-8: Chris Temple of The National Investor, Glen Downs, Chief of Staff for Congressman Walter Jones, and Jay Taylor of J. Taylor Gold, Energy and Tech Stocks join us in a rousing political discussion.
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Good link, here’s another one from kwn explaining the ‘who’s who in the Greek EU fiasco’. Also a good recap of the Ukraine
Great show everyone. I continue to love the round-table panel discussions with Al, Cory, Doc, Chris, Rick, and Gary. Lot’s of good synergy when the crew gets going, and occasional differences of opinion provide good perspective.
Also – thanks again for having John Kaiser on the show. He has a very grounded and wise perspective and his views are appreciated.
John is a good guy!
Many thanks Shad!
There is always a solution. In this particular case it is to start over.
I hear your podcast on a daily basis. on the weekend show there is only one hour available on my mobile device , probably both podcast (hour 1 and hour 2) on the same name … if you could change the podcast name to weekend report hour 1 and another one to weekend report hour 2 they both will be available.
it might be in android devices only I don’t know.
Thanks
Ohad
GREECE NO TESTIKELS ! Where are the days ! ? https://www.youtube.com/watch?v=Tetk_ayO1x4
No more man in dis world ! Only bank crooks and suck ups lifted !
Very interesting John Kaiser interview thanks AL !
And the fiat debt game goes on until you ? https://www.youtube.com/watch?v=nVI0GMe_H30
Pleasure, Mr Franky
Good find, Franky — she knew what would happen with a pan-Europe government and bank
I have to agree Mr Franky
Hope everyone is having a good WE.
Just some food for thought…
It’s been AT LEAST 7 years (at least since 2007) that I hear US vs. Iran on the nuclear question etc… blablabla blablabla.
I have a simple simple question:
If this “thing” has been a TRUE issue for the US for 7 years, how come nothing has occurred on a serious manner ?
Ok there was the virus a few quarters ago…and a few scientists been killed in Iran. Ok. But apart from that, what occurred?
Then, the second question becomes:
why did nothing occur? (please spare me the “Obama is weak” rhetoric as part of the issue already existed under G. W. Bush’s presidency.
So the third question itself is then:
if nothing occurred over the past 7 yrs, why are the risks very high NOW ?
I know some will say: “Iran is getting a bomb in less than 3 mths – intel sources say so”. It’s Zzzzzzzzzzzzz to me.
But even assuming that’s the case…if some think “Iran getting a nuclear arm increases risks in the region”, with Israel for ex., I would just ask one little thing: please tell me 1 open armed conflict between 2 nuclear powers since the first H Bomb was created. Just o-n-e. One example and I’ll reconsider my perspective on what nuclear arms do/achieve in terms of dissuasion.
My 2cts.
Best to all,
LPG
Great point LPG. It reminds me a great deal of Iraq and the Weapons of Mass Destruction (….I mean deception). Now there are times where Iran does concern most rational members of the world, including their ally China….however, I think this enough fear inspiring story and it seems somewhat engineered. I am not implying that there is not reason to be mindful and for inspections to happen, and discussions to continue, but I don’t think this is a 911 moment.
I agree Shad, it is not a 911 moment.
That is not two cents LP G that is one thousand dollars!
LPG…the problem as I see it…the powers with nuclear weapons in the past did not have the mindset that Iran has…they knew the destructive potential…Iran doesn’t care as long as they wipe out the infidels and Israel…that’s the difference as I see it and the reason you have not had a confrontation…Iran and the crazy radical Islamists are a totally different story….as I see it…..
Hello Gator,
Hope all’s well.
I see things a bit differently as you probably realized… but it’s all good 🙂
Best to you,
LPG
Everyone has an opinion. I agree with you. I am not convinced that Iran wants to do all that destruction.
I no longer listen to any of you ‘expand your wisdom’ of what will or might be, not anymore. There are enough ‘foolish men’ expanding their knowledge without having any notion of what is or will be happening today or tomorrow. As far as I am concerned this very gold/silver forum has lost its way of helping investors find solid, promising mining companies. It is sad because you are no longer ‘in the world, you are of the world’, and I can’t see the difference because of the sameness in you. Goodbye!
Wyn, this site as Al repeatedly says is NOT here to give investment advice. As for people’s endless opinions there are some which I continue to respect, given that we’re all trying to make sense of an increasingly crazy world. Besides which, a sense of humour is a sense of proportion! Best, A
Thank you Reverend!
Good bless.
PS I do not consider myself to be a man of this world as you are also not one!
+1 Al. Me neither.
My wife’s a witness of that – she often says: “You are on another planet !”
🙂 🙂 🙂
Best to you,
LPG
Funny….we have a bunch of aliens in this chat room.
or Angels…..
You are talking about our wives, right?
bird has to say that , because his wife proof reads all his post………
You are a good guy LPG
I disagree, even though I know you are kidding. He believes it as I do in my case and I would bet that you do too.
Here is a short snippet from an interesting article from Monday on Kitco from Mark Mead Baillie, titled “Gold Gathers Itself While the S&P Defies the Economy”. I think it is interesting that he also highlighted the strength we normally find in Februrary in Gold that just hasn’t been there, and some of the resistance levels we have discussed the last few weeks:
from the article:
“Many are wooed “Be mine!” ’round the Feast of St. Valentine … ‘cept if yer Gold. February being a month wherein the yellow metal throughout most of the millennium has been a proven positive performer, (over the last 14 years averaging a Lovers’ Month net gain of 1.4%, including those bettering 3% in ’02, ’05, ’08, ’10, ’11 and ’14), instead has found this year’s Cupid to have come up stupid.
To be sure, as thoroughly documented in the last three weekly missives, Gold truly had “gotten ahead of itself” vis-à-vis the near-term valuation relative to BEGOS (Bond / Euro / Gold / Oil / S&P). Now, (finally), Gold has completed its rather ill-romantically-timed requirement of reversing back to this particular measure of valuation. As we below see, price settled yesterday (Friday) at 1228 and the oscillator (price less the smooth valuation line) at the graphic’s foot has returned to zero after having been excessively high (+136 points) those few weeks back:
Still, if there remains any good news for February, ’tis but half over and thus there’s the chance to recover. Also good is Gold’s having dug in its heels to essentially gather itself together, rather than doing what in recent years had oft become ongoing week-over-week slides, this time instead posting just the barest of skids for these last five days, and therefore keeping the parabolic Long trend (ascending blue dots beneath price) intact. What we’d really like to now see, given that Gold is again re-aligned with its BEGOS valuation as just described, is a push back up into the 1240-1280 resistance zone as bordered by the purple lines in this next chart of Gold’s weekly bars…..”
The fact that February is so seasonally strong is why I thought we had a chance in late January to correct down to the 1240 or maybe 1232 level, and then continue on up into Feb. Now, a much different pattern has occurred and we are in a strange environment for Gold and even more strange for Silver.
As for the mid-term outlook, I think we’ll put in a short term bottom soon, and it is possible that we just did at 1198, but that still remains to be seen. Regardless, when gold does pop, I would like to see a close above the 1228-1232 resistance zone first. Then 1244.70, $1259 (could be turning point), $1272.85 (likely top side of the peak).
I don’t expect this pop up to be very long – 1 or 2 weeks. Then I expect the low in gold to be in spring/summer.
As for the miners, I would agree that they have a way to go from here and did some shopping for miners at the end of 2014 with that in mind. There is definitely a probability that the miners in gold and silver may decouple from the underlying spot price for Gold and Silver. I threw out the (March-May) zone as when individual miners may bottom (and this still may be above the November lows). I expect Gold and Silver to take a while to bottom and then finally start heading up.
As mentioned above, I believe the miners will lead the metals up and make their move first, and I agree that they will decouple from the underlying commodities in the near future, which will be a good thing. Based on the figures Matthew posted yesterday where the HUI has historically peaked mainly in May and June, then that seems like a nice setup for the miners in Summer going into the fall.
If gold is going to take longer to bottom into April/May, then is is possible that the miners will start their move up before that and very well could have their highs spike up into June when the metals turn up with them. My bets for this year would be that Sept/October would be Golds time to likely top an an intermediate rally. (likely above 1400 by year’s end)
Thanks Shad
Thank you for all you do Al.
On February 23, 2015 at 11:57 am,
Silverbug Dave says:
Interestingly, the gold price action today since the breakdown to $1190 is uncannily similar to a small scale version of the entire rally and correction since November 2014, real self-similar fractal stuff seen on the charts.
Gold also broke down today with respect to its recent rally uptrend channel and also broke down below $1198 to go back into its longer term downtrend as Gary Wagner on Kitco described last week
http://1000gold.blogspot.co.uk/
On February 23, 2015 at 6:36 pm,
Shad says:
Yes, Gold did break down today below $1198, which violated Gary Wagner’s potential retracement level. That puts 1187 as the next turning point as Rick Ackerman forecast. 1180 is also a large support zone.
Great link to the article as well Silverbug Dave! Lots of interesting perspectives.
I thought about 2/3 of the way down that the article that referenced the $890 top in gold from 1980 would be the 61.8% retracement level from the 1999 target of $252.80 (from July 30th, 1999, and then intraday July 20th, and Aug 25th) – the 1920 most recent top from overnight trading Sept 5-6, 2011. $890 seem like it would be the final line in the sand if the correction was to get that bad and go to a 61.8% Fib retracement this spring/summer. That would be pretty severe, but still in the realm of possibility.
Jim Rogers uses the basic 50% retracement from 1920 @ $960.
I personally see the descending targets where a turn could happen at $1187, then $1180 in the near-term. If we go down further and bottom with the commodity complex this spring/summer, then $1137 will be tested, then $1044.70, then $993.20 as the lowest I think we’ll likely go. My final backstop just became $890, because the rationale and TA in that article is relatively sound, the old 1980 prior peak would carry a huge amount of weight in sentiment and for placing stop loss orders.
Interesting thoughts and thanks again for sharing the link Silverbug.
Good to hear from you again Wyn.
He just said goodbye, so it may be the last you hear of him.
Everyone has a bad day. Can’t hold them all under a flame.
This is true.
Bird…isn’t that “over” a flame? regards…
bird , usually flies upside down……………………….lol
Thanks Gator…..I was flying upside down!
NO fair stealing my answers………….lol…..MOCKINGBIRD……….
Ha! Sorry about that Jerry. I am pretty tired out this weekend actually. Hardly have the energy to read the posts right now. I need a rest because I am going cross eyed. But the dogs are keeping me awake. They are fighting over bones and sound like a pack of wild Jackals.
wyn……..flew out the wyndo………
catchy.
Listen to everyone,Wyn, and you will get some bits of knowledge that could help.
God bless,
Al
I think that Cory is doing a pretty good job along with Doc and the rest of his guests on the precious meals side of this program.
J MILLER AND BIRDMAN …………………….JUST BECAUSE I WAS NOT BACK ON HERE YESTERDAY TO RESPOND TO YOUR POST DOSE NOT MEAN THAT I WAS LYING ABOUT CHINA AND RUSSIA BOTH SELLING U.S. BONDS, HERE READ IT FOR YOURSELF AND ALSO READ SOME OF THE COMMENTS,……………DUH:
http://www.breitbart.com/national-security/2015/02/19/trade-war-china-dumped-77b-in-us-bonds-to-devalue-yuan/
Mark, thanks for the article. It says China is “ending” its’ purchase of US treasuries. That must mean that as their treasuries roll over, they’ll not roll them over. Russia recently also announced they’re decreasing their US bond holdings That also seems to me that the Fed will then ultimately be forced into a larger decision. Either they’ll have to find some other sovereign to purchase the decreasing holdings by these 2 sovereigns or they’ll have to make up the difference. I believe the bond market is finally topping. We’ve had a move off the highs, however, I wouldn’t be surprised if we would have to move up one more time to double top. Also, interestingly; I believe most of the treasuries are relatively short term so the rollovers will be ongoing over the short term. You can imagine the negative consequences if interest rates finally rise. The MSM will treat it as a strengthening economy while those that do their due diligence will know otherwise. There’s a point that the Fed will again be forced into a major decision regarding increasing yields and dollar appreciation. I have a feeling that they’ll be forced into something by summer.
Good thoughts on the bond market and treasuries Doc.
Buying by a foreign entity and buying by FED is very different. If a foreign entity buying, it has to export real goods to US to get the dollar, so there is same amount of money in US but more goods. Americans will feel richer because they can enjoy more. When FED buying, it only increase the money supply, so net effect is inflation. If foreigner waits to maturity to cash out their holdings, FED has to print the dollar to pay the foreigner. It is equivalent to FED buying historic debt in addition to the current debt. Foreigner gets the dollar and buys goods from US or international market, which increase the US dollar supply, so it reduces the value of dollar.
TIC flows didn’t start really plunging until 2007. Five months in 2014 were negative.
http://www.tradingeconomics.com/charts/united-states-net-long-term-tic-flows.png?s=unitedstanetlonticfl&d1=19780101&d2=20151231
…plunged in December:
http://www.tradingeconomics.com/charts/united-states-balance-of-trade.png?s=ustbtot
Thanks for that info Matthew. You always amaze me with all the information and charts you can reign in for relevant conversations. You da man!
No, Shad, YOU da man for all your informative posts! Thanks!
There is something wrong with that story. I have a link to the Treasury Department listing all foreign holders of Treasuries and nowhere does it show a sale of the size they are discussing for the last half of 2014.
Actually Chinese holdings, first line in the series, began 2014 at 1.275 trillion and ended 2015 at 1.244 trillion. A difference of 31 billion. But Hong Kong picked up the slack and bought an additional 12 billion for a net loss in the year of 19 billion. And that is just a fraction of what the story claimed.
It’s hardly anything in terms of total holdings. That story just got punked!
Department of the Treasury –MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES Feb 2015
http://www.treasury.gov/ticdata/Publish/mfh.txt
Treasury paper is ….TOXIC…
ITS UNSTERILIZED PAPER.
Its all going up in flames. Just like the USDX
Good bye American pie…BYE. !!!!!!!!!!
It can also be used to wipe the American pie from peoples rear quarters = toilet paper.
I usually us a napkin, or nice pocket handkie………..white preferred and starched and pressed……………………lol
for the pie , that is……………….j
***** HERE’S ANOTHER ARTICLE WITH RUSSIA DUMPING U.S. TRESURIES *****
NOW WHAT ????
http://www.thefrontierpost.com/article/244542//
Do you think this will impact the US Dollar Mark and cause a breakdown in value later this year?
Exactly right but you have these dudes on here that
decided to go shopping for the new fashion all dressed
up in mini skirts ready for battle. lol
ABOLUTELY SHAD………………the way things are MOVING at such a fast pace, I think this whole thing starts FALLING APART by the end of this YEAR !!!!
It is starting to look that way Mark. Honestly, I am surprised these currency wars and geo-political tensions didn’t cause more frictions soon. Remember when the “Arab Spring” was changing the landscape, we had Egypt, and Libya, and Syria, and debt ceiling debates, and Ron Paul pressuring the fed, etc……. and then, for the last few years, a strange lull in the currencies, gradual uptick in the bond market, and “Happy Days” with the general stock indexes. Banks quietly made a fortune dabbling in the stock market with money borrowed at 0% interest from the Fed, and the small business owner still couldn’t get a loan.
Now, suddenly, people in the general marketplace are begging to realize the severity of the currency wars, as oil has tanked, and geo-political concerns are on the rise. It is going to be an exciting year, but I also suspect, how things reverse in the next few months will catch the masses off guard. Time to be a contrarian.
Hello Birdman,
Hope you are well.
You are totally correct. The article’s data doesn’t seem to reconcile w. US Treasury Dpt stats.
I remembered seeing a Zerohedge article on the matter a few days ago… and here it is – with the decline in holdings correctly reported/calculated:
Best to you and to all,
LPG
Yup, much better LPG. The folks at ZH are generally pretty good. The same cannot be said for others who seem intent on trying to stoke the flames of fear and paranoia. I see the major problem though as not just being faulty data…but the words and the language they use to couch their stories. There is a lot of extreme language mixed in with slangy stuff like “Chairsatan” for example or “Banksters” and the like. I usually don’t find it adds much to what is being said. The problem becomes that it is really common these days for writers to heavily color their articles and let the bias all hang out. I really miss papers from the old days where the Journalists just stuck to the facts. Sure they were drier reading…but isn’t it up to me to develop my own indignantion and come to my own conclusions without someone pushing me to their viewpoint?
Thanks for pointing that out, Birdman. No doubt, over a likely LONG time, foreign CB’s will continue to wean themselves from Treasuries as they reasonably can. But this nonsense that has been warned of for many years now of “attacks” on the dollar, Treasuries, etc.is 99.5% of the time pure B.S. by someone trying to sell you something you don’t need.
Make no mistake: our oppressors here in America and their funny money system can’t fall fast enough to suit me. And though I have pointed out how good a trade Treasuries have been for a year-plus now, I’ll also say that’s all they are — and that anyone who would loan Uncle Sam (or any government) money at pitifully low rates for 10 years, 30 years, etc. should have his head examined.
But we need to be realistic. And I’d advise our audience that a good rule of thumb is to completely ignore anything said by those who push this line of hype.
I’ll never understand, BIG AL, why when I reply to one post my comments are down the line a dozen or so places.
Temple……you just have to be quicker with your answers………….plus , you need more seniority……….or you are not paying THEOWL….enough………lol
Chris T. I think it is based on how far seft or right the person logo is that your are replying to. If others have replied to the same comment then it is descending order from oldest to newest. If their remarks had more counter-remarks, then it is just that much further down the page.
shad ,have you been in the sauce……….seft or right…..
ONE OF MY questions , when I brought up CHINA DUMPING (bad word, I know), was a THOUGHT pertaining to ………HAS CHINA FINALLY GOT enough GOLD. This comment was to stimulate the thought and suggestion by who I do not remember which was several years ago, that CHINA , would not dump or not renew TREASURIES until they had enough gold as to off set their treat from the USA, or possible run on the net value of what they were holding in the value of treasuries., since they have been heavy in treasuries for the last 20 years…….and now seems to be coming to an END.
SO,,,,,DOES CHINA HAVE ENOUGH GOLD………..
YES THEY DO…………AND DON’T BE SUPRISED IF THEY ANNOUCE THEIR NEW HOLDINGS VERY SOON, and that goes for RUSSIA as well………
Mark,,,,I think you and I are on the same page……j………
……and here is more PROFF of DOLLAR DUMPING !!!
http://www.shtfplan.com/headline-news/dollar-dump-begins-Russia-unloads-20-of-its-total-u-s-holdings-in-one-month
SORRY, THAT LINK is not working but go to their website and read the first article from FEB 20: http://www.shtfplan.com
J — Hearken back to the days of the old Cold War with the Soviet Union, and the doctrine of “M.A.D.” – Mutual Assured Destruction. They didn’t bomb us, and we didn’t bomb the Russkies, because of what the consequences would have been.
Likewise, not China nor any other owner of large batches of Uncle Sam’s I.O.U.’s can “dump” them without doing terrible destruction to their own interests. IMO, they will continue to do what they’ve been doing for years: as they can – especially at times like this when there is some other market absorption at work – they can bleed off small pieces here and there of their $ holdings, in return for gold, assets, commodity producers, etc.
As for Russia and the relatively minor amount that it has sold thus far, it’s little more than a pimple on a flea; and if need be (if the market was somehow getting hit too hard by such a sale) the Fed can mop those bonds up via their open market operations and mitigate any damage.
Thanks for the reply Temple……………….j
RICHARD-DOC,
That article that Mark posted is not accurate in it’s facts. It has too many errors. It says that back in November of 2013 China announced it was ending its purchase of U.S. Treasury bonds. That is not true. That is not what China said. According to that article’s source (Seeking Alpha) China is said to stop increasing its foreign currency reserves. According to Seeking Alpha, China’s foreign currency reserves includes Treasuries but also includes U.S. agencies, U.S. corporate debt, U.S. equities and other non-U.S. assets.
If China is no longer buying Treasuries, as that article states, then why did the amount of China’s Treasury holdings increase in January, May and August of 2014?
http://www.treasury.gov/ticdata/Publish/mfh.txt
Also that article states that “the Federal Reserve published their Treasury International Capital (TIC) report for the period from July 1, 2014 to December 31, 2014. The report shows that China dumped $76.9 billion, or about 6% of total US bond holdings in the last six months of 2014.” That is false. That report just shows Foreign Net Purchases of U.S. Long-Term Securities, not total holdings of U.S Treasuries like the link I gave above does. That Treasury International Capital (TIC) report appears to show that China cut back it’s new purchases of Treasuries in the last six months.
So China is still buying U.S. Treasuries but they cut back in the last six months of 2014 and it appears that the total holdings of U.S Treasuries fell most months because there were more bonds that matured or were sold than were bought.
They love to listen to the worlds B.S.
Can’t wrap their minds over reality.
Reality enrages them…
Before you know it they will
succumb to the new mens
fashion dudes wearing mini
skirts to impress their gurl
that they can be a wimp.
Meet the new boss….men
have given up their rights.
Not this man, Heavy!
Big AL…then you are a ….square.
Out of fashion !!!!!! Go shopping Big AL
Lethal arms bill going to Congress to help Ukraine. This might be the last big nail in the worlds coffin before its lowered in the ground. NATO and US are pushin forward to destroy
the world.
But no, the world will be fine. Russia wiil just roll over. lol
Yes but Billy Kristol, Johnny McWar and the rest of the War Party and MIC are dancing in the streets to their favorite song…
Noocular combat toe to toe with the Rooskies….
I don’t see that happening, Eddie
Doctors & Lawyers Peaking with 2015.75 – The Crash & Burn
http://armstrongeconomics.com/2015/02/21/doctors-lawyers-peaking-with-2015-75-the-crash-burn/
Other members of NATO won’t tolerate going to war with Russia HH. Memories of WW 2 simply too vivid. Yes? Best, A
Andrew, unless NATO retreats and exits Ukraine your opinion will be wrong.
Major allied forces have surrounded Russia in Poland etc. This is a major military
build up. Don’t tell me this is a normal procedure and military operation.
Besides Andrew the public opinion is 98 % complacent about everything.
Surprised your in that camp of losers. They are always wrong.
Cheers but this great war is coming. Bunker time !!!
Yes. The vast majority of people were against going to war in Iraq and it made no difference.
The little people will do as they are told by their masters. They will fall in line.
Of coarse. This time will be no different.
World war 3 incl. Nuclear weapons.
No one cares. The media is telling us
this event is coming.
I completely disagree Heavy
Big AL…..if you disagree where is your comments supporting it ????
Otherwise, your statement is meaningless. I have to ignore it.
Russia military strength….UNMATCHABLE.
Putin has the means to completely destroy The West.
However, the public is sound asleep on this issue.
https://ca.news.yahoo.com/putin-says-russias-military-strength-unmatchable-interfax-162632082.html
The Russians also have secret weapons that goes unreported.
Recently they put a US destroyer in a rendered helpless comatose state.
Check this out. Things are getting red hot. Fresh off the news wires today.
http://www.cnn.com/2015/02/21/europe/ukraine-conflict/index.html
More sactions against Russia and plan on arming Ukraine with LETHAL WEAPONS.
Two nuclear armed nations going into conflict on Russian borders.
Well, go back to sleep !!!! Everything will be fine.
Also, the media would be all over this if nothing was going to happen.
If the media is fairly silent you can bet something very catastrophic is coming.
Its a known fact. Who controls the media….thats also a known fact.
You can’t make this stuff up. Watch the news and if its being glossed
over with little attention. …its going to be a calamity.
The media says we are going into a financial collapse with lots of coverage.
Expect the economy to boom. OK……. happens everytime. The media will tell
you whats coming. Just do the opposite.
Hello Heavyhitter,
Hope all’s well.
Thanks for the CNN article.
When I read within the article that Gen. Adrian Bradshaw, NATO’s Deputy Supreme Allied Commander Europe apparently declared:
“[…] we of course face threats from ISIL and other instabilities to our way of life and the security of our loved ones.”
…. I truly thought I was dreaming.
What kinda bothers though is that there will be people all over the world who will believe or give credence this kind of statement…
I just HOPE that as time passes, people increasingly take a step back, try to think for themselves and that there will be fewer and fewer believers in this type of statement.
Best to you, and best to all.
LPG
PS:
3 weeks ago, you said thermo nuclear war in 3 weeks. –> Que pasa hombre ??? 🙂 🙂 🙂 Just teasing… 😉
LPG…..you da Man…..YOU BET TOO… : )
I think you are way ahead of me LPG. Great comment. As far as Generals
etc. thats definitely not anything I can claim any knowledge. Dumber than
a pile of bricks.
Other than that I enjoy being positive and optimistic person. The bad news LPG
I do regard myself as a fairly good forecaster from past success.
I don’t regret turning so pessimistic but quite frankly you can’t hide in all the lies
either like most do. NATO in Ukraine is mankinds worst nightmare. Anyway, wrote
lots of commentary on this site and reasons for great concern.
BTW….enjoy all your commentary here on the site. Have many pleasures in reading
all your content. I could learn lots from a gentleman like you.
Well, you da Man LPG. Highest honors too. Thank you for the friendly comments
and wish you the very best. Oh..Armageddon don’t worry. Its a painless experience
if your in the right target zones. It goes quick. Could be days, weeks or months but
the great event will come. Until then…Thy Kingdom Come…Thy Will Be Done ..On
Earth As It Is In Heaven. See ya in paradise LPG….Its a good good deal too. : )
Lots of great treasure !!!!!!
Sure there are threats. Kind of like all the wolves around where we live. We simply exercise caution with our pooch.
Very true Big AL. However, man is much more vicious and dangerous than
mother natures wolf. Unfortunately, man will mostly prove that he really is
capable of destroying mostly everything on earth. You don’t need to look to
far for the evidence either.
Just throwing out an opinion HH! This is one I don’t know the answer to. Best, A
Andrew…I do appreciate that and always highly respect your opinion.
I must tell it like it is. Well, maybe I’m wrong and the world kisses and
makes up. Andrew, I just don’t see these world thugs doing that. Really.
Then again, NATO might run like a scared rabbit. If they don’t Russia will
remove them against their own will.
Its crazy out there Andrew. Peace and blessings. !!!!
BTW…..KEEP UP THE DEBATES…provokes us to think.
What you think !!!! : )
Heavyhitter,
If you don’t see when in paradise, it means I’m next door – where it’s a bit more hot 🙂 🙂 🙂
Best to you and wishing you and all a good week ahead,
LPG
Typo:
meant to write: “If you don’t see ME when in paradise….”
Apologies
LPG – duhhhhh
LPG……I certainly hope not.
You would be a blessing and a great voice in The Kingdom Of God.
I believe you have what it takes. Don’t waste all them great characteristics
and attributes on this fallin world.
You deserve much better good friend.
Best wishes and peace always LPG. Very nice to always see you post
and its always a pleasure to communicate with you.
And you LPG take very good care. : ) ..OK
Heavyhitter,
Much love,
LPG
RE: Segment One
“…people knowing fully well their rulers are crooks.”
Hah! Well the Indians are a hell of a lot smarter than most “Mericans (as Bushie sez).
Actually, Bush calls them ‘Mercans.
RE: Russel Brand
Is it worth it to get excited about the possiblility of earning 10% in the conventional market in the next two months when the whole world economy is just a house of cards?
There are 100s of trillions of dollars of debt and unfunded liabilities not to mention even magnitudes more in derivatives just waiting to blow up.
This is the greatest debt bubble the world has ever known.
Tell me how this has a happy ending, Russell.
He’s not the only one optimistic about a world buried into hades
with debt.
Obama advocated debt is good. Everyone is taking the bait too.
Time to part ways with the great majority.
This is scary. Everyone on this show today is bullish on the conventional markets.
They bought the herd majority opinion.
It never goes down so it must go up.
All going to end in misery. Always does.
SHORT…SHORT…MEMORIES….
They do it everytime..every single time too.
Sure Eddie, but only because of the Fed Has Your Back Philosophy.
When everyone starts agreeing about the direction of the market I get concerned. And one think I know for sure is that the Fed doesn’t give a d@mn about us little people.
West Coast Port News…. FWIW…
Happy endings have happened before. Bankers give back what they have stolen in return for their lives. Then they go back to stealing it again with new more sophisticated technique(s).
Mr. Big Al Korelin,
I didn’t know you are 25% Greek. I know your parents were from China and Russia so you are also part Chinese and Russian. Interesting background and you are truly an international person. 🙂
Reply to this comment
No Chinese blood.
I hope that 95 year old got out of your chair! 🙂
So what other ethnicities do you have sloshing around in you? 🙂
Half Russian, quarter Polish and quarter Greek.
Re: Jay Taylor
‘America is great because she is good. If America ceases to be good, America will cease to be great.’ –Alexis de Tocqueville —
**** ALERT **** IF THE GREEK PEOPLE DON’T TAKE TO THE STREETS AND THROW THESE BUMS OUT, THEN THEY DESERVE ALL THE HELL THAT IS COMING THEIR WAY !!!!!!!!
They have already ‘not’ done that.
These MPG mandates are insane. How much more will that add to the cost of a car?
And guess what? Since MPG has gone up (but also people are driving less) the states are now crying they don’t get enough in gas tax so they want to impose mileage taxes which will require we all be tracked.
When are people in this country going to wise up like the Indians and realize that their rulers are crooks?
Reality is that it has been a complete disaster to be in the PM sector since 2011, and is likely to be so for the foreseeable future.
Everything else is precariously overextended. What to do?? I wish I’d never see these markets.
Its The NWO…..until it all implodes precious metals will be capped.
The Banksters are going for the….JUGULAR !!!!!
Its the reality. THE END GAME !!! The West wants to remove gold
from the monetary system. World war and financial collapse over it.
THE GUYS ARE NOT GETTING IT !!!!!
The US turned down the SDR basket incl. Gold as a monetary base
that was being implemented by the IMF.
ITS WAR !!!!! Big great war too.
YOU BETTER BELIEVE IT…………………IT’S ALL………….EVERYTHING IS ABOUT GOLD !!!!!!!!!!!!!!!!
Few do though Mark.
They believe is all The Fed lies and toxic paper.
China knows its coming to an end so does Russia.
Going to be a great war over it. Its all toxic paper.
I won’t even listen to analysts anymore.
Its a waste of time. They too are brainwashed.
The West is going to war over the gold standard among
other big issues. New SDR has been rejected.
The only SPECIAL DRAWING RIGHTS. …..was the bankers right to snatch and draw the money from everyone’s wallet………….as they say …”What’s in YOUR wallet”….the sheeple say food stamp vouhers, and a bunch of IOUs……………….lol
Ha ha…J….toxic paper.
: )
RE: Segment 8
Chris is right about voting.
Allowing a slave to vote for who will be his master does not make the slave free.
And we are worse off than medieval serfs. At least the lord of the manor did not take more than a third of what a serf produced and did not generate ruinous debt for the serf and his children.
And doesn’t the choice between Shillary Klinton and Jebby Bush make you just want to run to the polls in 2016???
JEB…is not running to strong in the polls………the only thing he has is a big chest..maybe……………..
Maybe the BUSHES will blow all their money on the campaign and become wards of the state………………..
ANSWER……………………..HELL NO !!!!!!!!!!!!!!!!!!!!
TIME for a REVOLT…….no, not a revote…………Bush won by a hanging CHAD, in Florida, what a joke…………
I don’t know about running to the polls, but it does make me want to run to the toilet and barf.
I think he meant …..RUN THEM UP A POLE……….
Good point, Eddie
Mr. Big Al Korelin and all of you,
I highly recommend you read this book if you have not already.
“This is a murder mystery about the financial ‘murder’ of the middle class.”
bankers first,,,,,,,,,,,,,,,,
I believe Al has read it and EVERYONE should.
I actually bought my copy on the island, while in Carolina……, toured the hotel , and chewed the fat with the locals………………..great place to visit…………..j
Ebolan — A better book and the first of this genre of significance (and one Griffin part plagiarized and part sanitized) was written by the late Eustace Mullins – titled “The Secrets of the Federal Reserve”
Thanks for the reference. I will have to check that out.
Daily Bell: The public banking proponents have attacked you, as well, regarding their perception of your treatment of Eustace Mullins in The Creature From Jekyll Island. What is that about?
G. Edward Griffin: First of all, as far as Eustace Mullins is concerned, I want to go on record as recognizing Eustace Mullins as being a pioneer in this field, and if it hadn’t been for his research and his work I don’t think I could have reached all of those original sources in my lifetime. He certainly did an excellent job of pulling them together. I’ve had a couple people ask why did I not give Eustace Mullins credit for all of his great work in my work. I have to laugh because, first of all, I did mention Mr. Mullins in a couple of footnotes and I gave him credit for some quotes. And in the beginning I gave sort of blanket acknowledgement to all of the people – not just Mullins, who was perhaps one of the major ones. There were hundreds of people that I drew from for information and I was quite willing to acknowledge up front that I’m just a newcomer in this game. There have been people that have been talking about the Federal Reserve and central banking and a lot of these issues for a long, long time, and if I hadn’t had the benefit of their books to draw from I don’t think I could have put this together in a lifetime. They’re upset because I didn’t mention Mullins by name in the introduction and, like I said, I apologize for that.
When it comes to Mullins’s work, I found that a lot of the references he gave were invaluable for me to use in going to original sources and helped me get to a lot of primary information. But I found when I got there that quite often Mr. Mullins hadn’t gotten it exactly 100% right. His quotations might have not been right or some figures would have been wrong. And although he’s definitely right in principle and all of the themes that he’s writing about, I found some of the details had to be carefully checked. And so that’s my only complaint. People may say the same thing about my book, I suppose, but I tried very hard to check out every little detail and when errors were pointed out I tried to correct them as quickly as possible.
http://www.thedailybell.com/exclusive-interviews/34836/Anthony-Wile-G-Edward-Griffin-on-Globalism-Collectivism-and-Right-Principles/
I’ll take Griffin’s work since he has proven himself (to me) to be objective factual. Mullins suggested that Griffin and Ron Paul are helping the Rockefellers and that Ron Paul will work for whoever pays him. I have to seriously question his abilities if that was his conclusion.
INTERESTING………….concerning Ron Paul…..
Mullins, by the way, also promoted the myth that Lincoln was anti central banking when, in fact, just the opposite was true.
http://www.lewrockwell.com/2002/09/thomas-dilorenzo/financing-the-empire/
The myth of “Lincoln money” is perhaps the most deceptive historical error of the Greenbackers. It ignores what Lincoln said and did.
http://www.garynorth.com/public/6875.cfm
I agree
btw……….great article…………from garynorth………..
I liked the part about the RAIL ROADS….and Lincoln’s purchase of land….
Precious Metals Shake Out — February 21, 2015 — Short Side of Long
PM’s are still in well defined pattern of lower highs…
http://shortsideoflong.com/2015/02/precious-metals-shake-out/
—————-
Of course I agree with Tiho’s assessment.
Longs are like flypaper……….hard to shake off……………lol
The November bottom is likely it;
however, some trusted indicators
tell me that a test is forthcoming.
In opposition to the rabid groupthink on this website, I would say that a stronger, lower volatility gold price will be a net benefit to all.
Perhaps it’s not so much that currencies have lost their purchasing power, but that gold bullion has gained in liquidity and fungibility from an almost illiquid low to a point where with the advent of negative rates, that it too might be considered as forex exchange.
What would happen if you have negative LIBOR rates, for example? They are discussing negative LIBOR in Swiss terms, why would the same not happen here?
“The definition of “alternative investments” is anything other than stocks, bonds, and cash – so gold clearly qualifies. And since gold is the sixth-most heavily traded financial asset in the world – behind three currency pairs involving the U.S. dollar, U.S. Treasuries, and Japanese government bonds – gold is clearly the most liquid of all liquid alts!”
http://dailyalts.com/gold-liquid-liquid-alts/
Rabid groupthink?
Yup.
The middle class in Poland has the same problems as here in North America:
I HAVE YET….to have anyone in here on this blog to debate and convince
me…..WORLD WAR 3 is not in progress.
In fact, the consesus is 98% ….no one has a care or concern.
Its a bad sign for calamity.
Take the pepsi challenge and bring to the table the merits supporting any
disagreements you may have regarding world war 3 in not a concern.
When you do it keep the hot air to yourself too. Or your wasting your time.
I WANT FACTS AND A STRONG DEBATE. Your going to need it !!!!
You bet too. I DON’T FALL FOR THE DOG AND PONY SHOW !!!!
ha..ha…no debates. Because I can see right through all the bull shat.
In fact, I see you coming before you even get here.
Enjoy the weekend. I smell capitulation.
Adios amigos !!!!!
1000 downed and its final ..0 to go….world war 3 wins. HANDS DOWN TOO. bawk !! lol
What is your rationale supporting a third world war now going on?
Big AL….Congress voted on Dec. 4 2014 and passed a bill to go to war with Russia.
Here …its getting red hot …hot off the news wires.
John Kerry wants to put Russia away.
http://www.youtube.com/watch?v=Pp4Yw8I-05Y
Everything I have said to coming to fruition. UNFORTUNATELY !!!!
More fresh news off the wires. ..
http://www.dailymail.co.uk/debate/article-2963147/James-Forsyth-Mariupol-falls-end-war-Russia.html
More proof just how serious this is.
HH,
WW3 has been going on for a while now. It’s been a financial war. The mite tart battles should taper down, now that the financial war has been won.
Here in the good ole US of A it will be pretty interesting as the sheeple start to awaken.
Typo* the military battles should taper down”
No, not the war I’m referring to…Chartster.
Its going to blow the doors off anything we
could imagine. STAY TUNED !!!!!!
I’m listening , HH
Do tell
Chartster….you can smell it.
The calvary is going head on !!!!
Stay tuned !!!
Al,
The 2nd segment on your show with Peter was very good. Peter has excellent insight with the changing markets. He brought up some great points about where to invest and what to stay out of for the time being.
Of course I always like to hear points that I agree with. Heh heh
As do I. Makes me feel really SMART.
Here’s a surprising article outlining the spread trade between Swiss rates & US rates and why this trade is drawing subscribers:
Peter Brandt in Segment 2 – you would think that he had never made a losing trade!
It’s interesting that he compares the FTSE 100 UK index getting to a new all-time high (first time since 2000, I think, though it got close in 2007 as well) with the S&P 500 and Dow making all-time highs in the USA in the last year or two (and hence passing their 207 highs). I wonder if he also considers this to be similar to 1982, when stock indexes broke out after a 16 year trading range at the same time as gold and commodities were in a bear market , US oil production was increasing and the US dollar was in what became an exceptional bull market.
I wondered if the FTSE 100 would break out to new highs. If the breakout holds, it has potential for massive rallies in Western world stock markets because there must be big measured moves in these markets of around 50% given the trading ranges of the past 15 years.
The flip side would be that these indexes are repelled by the old highs as resistance and start a new bear market.
It’s a fascinating time.indeed. If the markets are like 1982, what about gold and silver? Oops!
.
It’s currently more like 1942 than ’82 in my opinion.
http://b-i.forbesimg.com/phildemuth/files/2013/07/image001.png
Interesting you say that Matthew, because the interest rate cycle is completely different form 1982 right now! That is the one big difference, which as I write this is just what you illustrate from your link above!
I suppose I was looking at everything else except interest rates!
History never repeats then but it rhymes.
I am looking at what the stock market did then:
http://stockcharts.com/freecharts/historical/presidential.html
Difficult to compare – but a bull market started around 1942.
I was really referring only to the interest rate environment in 1942.
In that case, I think the current technical setup looks more like 1972/’73. Stocks were truly cheap and hated in 1982; the same can’t be said today.
I believe that stocks are still in a secular bear despite the impressive last few years.
http://stockcharts.com/freecharts/historical/marketindexes.html
Re Greece: Old deal in new clothing – looking ominous.
http://news.sky.com/story/1431604/greece-agreement-old-deal-in-new-clothing
Oh Andrew ….Greece debt is fine.
There’s nothing wrong. Debt to GDP is going in the right direction.
Obama says the more debt the better. In fact, we need more of it.
Keep your eye on the optimistic ball. ..
CANT YOU SEE….. ITS ALL….BLUE SKIES AHEAD.
Now be a good citizen and go finance all your needs
new cars..houses….its easy just sign here.
Little or nothing down….everyone is getting in on it.
You’re missing all the joy in life with bank notes due
every 30 days. OH , WHAT A JOY !!!!!!!!!!!
Hey the world keeps going around…..around and …..around!….THE only thing constant in the UNIVERSE IS CHANGE!!
CHANGE IS GOOD……………….we need lots of change,,,dime,nichols, quarters
nichols are for the slot machines,,,,they have a hole with a string attached….good for vending machines too…………..
ok, …so I misspelled
get in the back of the class…..J ….. Wright ????
Wright bother………….lol………
or is that why bother………….
J…..wright again.
Yeeee haaaaa
That’s OK Jerry. You get spelling freedom when you get old. So you can write Nickels old old damn way you please. Especially since you are a coin collector. The original spelling probably gets on your nerves anyway.
You still keep all your gold in the gold fish tank btw…or is it moved to the Koi pond?
goldmorning bird., I have decided to DUMP(not a good choice,I know),,,my gold in the middle of the forest………maybe , they will not see the forest for the trees….and beside the gold fish were complaining on cramped quarters….I am beginning to hate gold , taking up way to much time…………………….lol
A Polish friend once said that the
English language had no word for
the movement of time and space,
and to which I answered: Change!
Wonder if we could get this up to 900 hits……………
Just wait…patience is the key..hey when u are making money in the conventional market….you are a hero…good for you……good luck you will need it…..
Who are you talking to …………SD………I am on your side…………………..j
SO YES, IT IS OFFICIAL…………………..RUSSIA AND CHINA ARE DUMPING U.S. BONDS…………………WONT BE LONG NOW !!!!!!!!!!!!!!!!!
http://www.shtfplan.com
I guess” DUMPING” is ok to use……………..it’s OFFICIAL………….J
looks like in one month……….$100 billion dumped……..between Russia and China…
YEAH BUT………………J Miller and Birdman said, where are the LINKS……………THE LINKS ARE ALL OVER THE PLACE, WAKE UP………………STOP BELIEVING IN OBAMA………………….WAKE THE F@#K UP !!!!!!!!!!!!!!!!
Stop believing Obama? Hey man, he is the president of the US of A!
Wrong Jerry. China and Russia did not dump $100 billion in bonds in one month. The amount of Treasury holdings for both China and Russia combined only declined by $28 billion in one month (December of 2014). Most of it was Russia.
http://www.treasury.gov/ticdata/Publish/mfh.txt
Please see my lengthy post to Mark below that explains that China did not dump 77 billion in bonds but just purchased 77 billion LESS in the last six months of 2014 than they did in the first half of 2014. That article Mark post was WRONG. There is no real evidence that China is actually selling U.S. bonds. The only country that clearly is selling U.S. bonds is Russia and they made it public in the past that they would. I knew that for several months.
JMILLER……..I did not write it ,,,,,,I am just the messenger….
..I would not trust anything that a bankrupt person OR GOVT. writes or publishes for THEIR BENEFIT…… ….which we know they TELL THE TRUTH ALL THE TIME.(like not so)…………JMHO
………………….
Jerry, I apologize if I sounded like I could be angry. But the fact is I am. But not at you. I just had the same thing happen on another site a few days ago where someone said that “China ceased buying US Treasuries a year ago and has since been slowly selling them off”. The data that I have seen shows otherwise, at least about China no longer buying any Treasuries. Sure in the second half of 2014 China has cut back their purchases and their total holdings has declined a little but that may be because some bonds matured not that the were actually sold. This person even said that “Japan joined in on the US Treasury selling in December of $10 billion worth”. Well those amounts go up and down each month. The month before, in November, Japan increased their holdings by almost $20 billion. So just because Japan had one month where there was a small decline in holdings really means nothing. Someone else then jumped in and I tried to explain that the data did not support their conclusions. Well let’s just say they did not agree with me in the nicest way. Well any way I did not want you to think I was blaming you for this article since I knew you did not write it. Have a good day.
JMILLER………Thanks for the kind reply………appreciate……..hope you have a great weekend………….thanks again……respectfully……………J……
PS….Always feel free to express your opinions……………..j……..
and information………………..j
MARK,
There is no real evidence that China is dumping or selling bonds. That article that that you posted that says China dumped 77 billion in bonds in the last six months of 2014 is WRONG. China actually purchased 77 billion LESS in bonds in the last six months of 2014 than they did in the first half of 2014. So China did not sell 77 billion in bonds.
That article says that back in November of 2013 China announced it was ending its purchase of U.S. Treasury bonds. THAT IS NOT TRUE! That is not what China said. According to that article’s source (Seeking Alpha) China is said to stop increasing its foreign currency reserves. China never said that they were going to specifically stop buying Treasuries. According to Seeking Alpha, China’s foreign currency reserves not only includes Treasuries but also includes U.S. agencies, U.S. corporate debt, U.S. equities and other non-U.S. assets.
If China is no longer buying Treasuries, as that article you posted states, then why did the amount of China’s Treasury holdings increase in January, May and August of 2014?
http://www.treasury.gov/ticdata/Publish/mfh.txt
Here is where that article about China dumping 77 billion in bonds makes the big mistake. That article states the following:
“the Federal Reserve published their Treasury International Capital (TIC) report for the period from July 1, 2014 to December 31, 2014. The report shows that China dumped $76.9 billion, or about 6% of total US bond holdings in the last six months of 2014.”
THAT IS FALSE! That report just shows Foreign Net Purchases of U.S. Long-Term Securities in each quarter. It only shows how much China bought each quarter not their total holdings of U.S Treasuries like the link I gave above does. That Treasury International Capital (TIC) report shows that China still bought Treasuries each quarter but cut back the amount that they purchased in the last six months of 2014 compared to the first half of 2014. I will give the link to that report in a reply below this post.
So China is still buying U.S. Treasuries, all they did was cut back their purchases in the last six months of 2014 compared to the first half of 2014. While in most months their total holdings of U.S Treasuries fell slightly because there were more bonds that matured or were sold than were bought. In a couple of months the amount of holdings increased slightly obviously because they bought more bonds than matured or were sold. For the last six months of 2014 the amount of Treasury holdings declined by only 24 billion not 77 billion as that article wrongly states. And for all of 2014 China’s holdings of Treasuries only declined by 26 billion. Once again China just purchased less bonds in the second half of 2014 compared to the first half.
Here is the Treasury International Capital (TIC) report that shows Foreign Net Purchases of U.S. Long-Term Securities from April 2014 to December 2014 that I mentioned above.
http://www.treasury.gov/ticdata/Publish/snetusq.txt
It shows China purchased Treasuries in the last three quarters of 2014. But the last two quarters their purchases decreased compared to the second quarter by more than half. Just because China is bought 77 billion LESS in Treasuries in the last six months of 2014 does not mean they are actually selling Treasuries. And if they did actually sell any, as opposed to just letting them mature, it would only have been 26 billion for the last six months.
Actually for the last six months of 2014 China’s Treasury holdings only dropped by 24 billion and not 26 billion as I stated above.
JMILLER………….I WILL LOOK INTO IT………….thanks…………..j…….ootb
OK Jerry. Let me know what your conclusions are based on the data.
I DO appreciate your diligence in the above matter……………..thanks…………j
Just making a generic comment regqrding the markets..No worries Jerry!
ok……..:)
Stupid is………………………..what stupid dose !!!!
Thanks Forest!
****** BIG AL………….I THINK THAT YOU WILL LOVE THIS SITE TOO ******
……WAIT A MINUTE…………..” YOUR COMMENT IS AWAITING MODERATION”…………BIG AL………WHAT DOSE THAT MEAN ???????????????????????????
do not worry , it happens to all of us…………….relax……………j
It means your comment is awaiting moderation.
I don’t know , Mark? Maybe it’s the caps?
Ha ha ! Of course. Computers hate caps.
My computer isn’t complaining.
He loves his new baseball cap.
WTF !!!!!!!!!!!!!!!!!!!
J …………..YES I AM NEW………but how long have you BEEN ON HERE……..oh my….
PLEASE…………..LET’S STAY ON COURSE……..WTF IS GOING ON !!!!!!!!!!!!!!
Mark………I bet I have the record……..3400 days plus………I think I started in 06….been here as long AS OWL………….Now I know I am crazy……….lol……
I need a jubilee………………..
You are one interesting Dude Jerry!
Interesting and amazing. Good friend too.
thanks guys………..ditto……………
Regarding interest rates.
The herd is saying interest rates can’t go up.
WHAT !!!!! Talk about stupid.
They can’t keep buying their own paper with funny money
all these governments. In fact, its about to reverse coarse
and when it does economic activity will flip on its back side
and game over. Who is going to loan these bankrupt nations
money including the US without being compensated with much
higher interest rates.
This debt is toxic and printing money to buy your own bonds is
unsterilized purchases. This can’t continue.
Well, it can under tyranny and dictatorship. Everyone can believe
what they want but a huge war coming will be the blame for the
collapse. There is no leadership and America is ruined.
One more big blow to America and down she will go. Its coming.
America has never been more leveraged either. Subprime auto loans
and housing without the Fed assistance would be flat on its face.
They can’t keep it up without much higher interest rates.
As usual everyone will be moaning what happened…and will be
unprepared just like all the other times.
American dream is…DOA. The banksters will see to it.
The bankers love wars too. They finance them and steal everyones
sh $t. America is next. You should get prepared. Canada too.
Sounds far fetched but only to those who are ignorant to how corrupt
the bankers really are. They control everything. Sure they throw out
some rope only to take it all back and your life too. Now that Washington
is bought and paid for this nation has no more leadership.
You have to be dumber than door nails not to see this. Boehner is not for
the American people. Obama isn’t. Then who is ????
Where is the outrage. So America deserves to fall from grace. Too fat and happy.
The end is nigh !!!!
The US Gooberment is owned by the banksters, MIC and New World Odor. We are their free range tax serfs. Most Amerikans are clueless sheep and the ones who aren’t are had by the short hairs. They are powerless.
The US Gooberment is a government of the criminals, by the criminals, for the criminals and is the most successful criminal enterprise the world has ever known.
Well said. Could not agree more.
America is seeing its final days.
Its difficult to swallow but true.
The truth should set people free.
Continue to live in the lie is the problem.
America will cease to exist as people live the lie.
We try very hard to not Live the Lie!
Yep…Big AL…..its. almost impossible not to.
But right now its getting obvious we have big
tremors coming economically and a possible
great war. : (
HH,
1) the debt is not real ( will be paid off soon )
2) the money power cabal has lost!
3) the US will make a comeback after the stock crash.
Look for all political figures to start pointing fingers at each other , as the truth is about to wipe all if them Out!
OK Chartster….I’ll be waiting for the jubilee.
I guess I can throw down all my defenses.
No worries. .eh !!!
I doubt it’s a jubilee.
But the debt is a joke.
If its forgiven… its a jubilee.
Bankers will not be forgiving.
Debt is a joke but the bankers don’t think so.
Maybe they do plan on nuking it.
Great scheme provoke a war with Russia.
Sounds like the plan.
That is a distinct possibility, Chartster!
Rudy Guliani is the the first to step out in desperation mode. That schmuck is about to get his butt handed to him when the documents come out.
The 911 boys are about to be ..Toast….! And that ain’t theory!
Those documents were suppose to be under building 7 with the missing 2.3 trillion
Markedtofuture,
Sshhhhh, we are not supposed to talk about the 2.3 trillion that vanished the day before 911 that Donald Rumsfeld was talking about..
And we shouldn’t talk about building 7 ( which fell at Free Fall Speed….) And we shouldn’t talk about the fact that jet fuel which is nothing more than kerosene does Not Melt Steel Beams!
And we definitely shouldn’t talk about a proper burial for Osama Bin Laden by chunking him over a boat with an anchor on him! When he is the most wanted person in the world….( which we just might have wanted proof of….? )
No, I’m not gonna talk about that stuff ..
As matter of a fact, I’m ..so… Politically correct, that I actually believe that I can pick up a turd from the ” clean end ”
Lol
That’s a novel way of putting it Chartster!
Mr. Big Al Korlin,
Are you going to any more of those breakfast meetings next week?
I will tell you that every day I have a breakfast meeting right here at KE Report while eating a bowl of old fashioned oats!
First and third Thursday of each month.
I love the way Mark writes consistently in capital letters.
Just like HH used to.
…..it makes it so much easier to flick over the BS they spout & get down to reasonable hard asset opinions & discussions.
I’ll MAKE IT EASY FOR YOU SKEETA ….
ENJOY THE CAPS !!!!!!
BTW….MARK HAS GOOD COMMENTARY. TRY AND BE…..COOL. …OK….
I LIKE CAPS……
CAP are superior letters, they begin each sentence, and all major events begin with cap, names begin with cap, without caps, we would not have Capital of GOVT., DID I SAY I LOVE CAP……………………………………….LOL……..OOTB
Plus CAPS are so….. NON CONFORMING………….
Just curious as to what you all think USA’s credit rating should be at?
Thanks
JUNK….
it sure is not AAAor even BBB
Agreed Jerry!
You bet your arse !!!!
…..exactly my point.
So much easier to skip over both your & his capital letter BS & get to the real meat of the conversation.
….thank you for your co-operation HH !!!
Cheers.
Oh goodie Skeeta
I’m just thrilled with your B.S. too.
Oh dear..oh my….praise be to caps..
all for good purposes. Aren’t you swell.
Do you ever S.U.
Sleep time for me,
So goodnight Paddy Boy.
I sure won’t be dreaming of the end of the world in the coming weeks like you preach daily.
Thats just silly.
Whats NATO in Ukraine for and allied forces totally
surrounding Russia in all of Eastern Europe.
You think they are there to give Russia a birthday party.
Skeeta, you’re just much more ignorant that I thought.
Whats silly is to disregard it as not being serious.
Go back to sleep and take your silly opinion with you
IT IS VERY VERY SERIOUS and nothing remotely silly about it.
Not only that Skeeta you are the ultimate contrary indicator.
Its going to be catastrophic. Now get some sleep.
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ…!!!!!!!!!!
THE ABOVE WAS FOR SKEETA….WINK-WINK…haha
Tony off message but is this what’s meant by an Irish jig? I was told only to view when sober. lol, A
Skeeta – Going to sleep is NOT the sensible option here. HH is quite right to keep on warning us of just how perilous it all is. World debt is now running at 260% of GDP., as KWN warns, and everything on the economic front is left with no alternative but to explode. How can it not explode unless of course as Jonathan Cahn the messianic rabbi seems to be saying there’s going to be a world jubilee later this year, whereby all debts are cancelled? How the hell that happens isn’t made clear. But nor do I agree with my good friend HH that Armageddon is imminent, despite what is already taking place namely world poverty and civil unrest, all of which if it hasn’t yet arrived will be visiting a neighbourhood near you. So do not sleep. Rather might I suggest that we all (according to such lights as we have) WATCH AND PRAY while making preparations as and how we can. Very best wishes, Andrew
Andrew, i believe Cahn said only if people turn back to God. Otherwise, Gods
judgment will be poured out onto the land.
No jubilee !!!!
Even without a war the world is entering a complete financial collapse.
I think I’d rather be nuked.
FWIW….Blessings and your advise is stellar. God help us all. Seriously !!!!
Amen and Amen again HH!
Amen……………
What a Blessing it is to have you Reverend Andrew and J posting on this site.
A big Amen to that..HUGE !!!!!!!! : )
A red hot situation becoming RED RED HOT….
http://www.youtube.com/watch?v=Pp4Yw8I-05Y
Close your eyes Sheeta and stay oblivious to reality.
I am your host to all breaking news leading up and to ….Armageddon.
You know, I wish I was making all this up.
On a very serious note HH, I do not see the world turning back to God. Heaven could be a somewhat lonely place.
Big AL…at least the company will be exceedingly ..GOOD.
And yes, the old saying goes.
The Gates Of Hell Open Wide !!!!
The road to Gods Kingdom is narrow and few will inherit his kingdom.
Looks that way. : (
AL.,, the story is already written…..there is no way it will turn back…..only” Turn their backs” will be more accurate………………………..j……………
Back bitters…..J
and truce breakers etc etc etc.
Amen. : ) Thy Kingdom come…Thy Will be done. !!!
Syriza communists have sold out.
ANDY HOFFMAN SAYS…………..Congress has an approval rating of…9%…..GOVT at it’s best……………………….9%….IS the lowest EVER……..I think…………….j
And the 9% probably rode the short bus..
J…..WOW…9%…Even this thick mick gets a higher rating than that….haha
Funny Tony, even I can pull 10% on the days the whole site is pissed at me.
***** HERE’S ANOTHER INTERESTING ARTICLE ON CHINA AND U.S.BONDS *****
http://www.wsj.com/articles/china-gobbles-up-longer-term-u-s-debt-in-2014-helping-keep-yields-down-1424381644?m RIGHT OR WRONG ???
Spoke to relatives in Greece and they told me no one is happy. Not one person. Golden Dawn members were holding a rally in the park across my cousin’s house and she told there was a huge turnout. I would like to write what the Golden Dawn members were saying but I don’t think Big Al will allow the comments. My cousin told me the comments were vitriolic… and people were agreeing with them. It’s not looking good now on the ground. Syriza better start fixing some problems or they’re toast.
Based on their ACTIONS on Friday…………….IT IS TOO LATE………………..the Greek people are TOAST.
This is like having a whopper of a huge fish on your light weight test line, you can keep the line taught, and wear the sucker out,,, but, do not try and yank it in to fast, or you will loose the prize….
Chris,
Thanks for the boots on the ground info. Keep it coming!
No problem, Charster. Golden Dawn, if they play their cards right, will have an opportunity to thrive. Although the polls might not show it, Golden Dawn has a very loyal support group. And you’d be surprised to know their followers are not some crazy nut jobs, although there are some members who takes things a little bit to the extreme. On the ground level, Golden Dawn has single-handedly fixed several problems the government had refused to address, namely that of the Muslim ghettos that had sprung up in the middle of Athens. These no-go areas are once again thriving and are being restore to their former glory. Unfortunately, the people who were run out of the area and the city have taken up occupancy in other European countries, causing headaches for the locals.
Well that is one of the purposes of ISLAM is to spread through out the land and………………TO MAKE IT THEIR WORLD.
They ran the Muslims out of the ghettos in Athens? And then they all moved to other European capitals? OK…that’s a story if it s true. What the hell is going on over there? I keep reading how racism is on the rise. Its a very ominous sign. Tight labour markets around the world are causing immigration rights and rules to be tightened up. The public as usual always turns against outsiders whether they be economic classes or different based on religious. It seems hardly a week goes by we don’t hear stories about governments restricting who can live within their borders, about efforts to stop refugees and laws to expel foreigners back to their homelands. I kind of suspect this will get a lot worse before it is over. During good times nobody cares. They all feel generous and Christain. As soon as the global economy turns down though the mood changes completely. It sure matters what passport you hold. For example Austrailan, Brits, Canadians and some other countries citizens still seem to enjoy access to much of the world. In a lot of cases they can still fly in and get visa’s on arrival whereas other nationals need to go through an application process before departure. Makes you wonder how long that will last as the drive to push people out of regions accelerates. Money still talks though. It is the ultimate passport to anywhere.
Birdman, you have to understand that a good 70% of Athens police officers are Golden Dawn voters. The party has the police officers in their pockets. When Golden Dawn members came in and cleaned the area, Muslims had nowhere to turn for help. Hence, they left. There is still a very small minority left…but they’ve integrated nicely into Greek society… so no problems there. The majority who refused to integrate were run out of the area and city. Of course this is not being reported by the MSM but if you pick up a Greek newspaper it’s all in there.
I forgot to say… Golden Dawn also has a good relationship with the Greek military. Did you read the story (I don’t know if this was reported in English-language newspapers, but I’ll check) where the military allows Golden Dawn full access to several military bases to do some training? You’re asking yourself, why? Answer is simple: Golden Dawn and several factions in the Greek military are supporters of Colonel Georgios Papadopoulos and his Regime of the Colonels .
Chris, are talking about trouble brewing under the surface that we are not aware of?
Birdman, this is not recent stuff. This has been occurring since 2010, and continues to this day. Granted, I don’t know where all of this is heading but there are movements afoot, that is for sure. And I believe Samaras’ government knew what was going, and that is why he jailed several leaders of the Golden Dawn.
Birdman, here: http://www.ft.com/cms/s/0/e5046b8c-3261-11e3-b3a7-00144feab7de.html#axzz3SZtKTpyA
This is regarding the police… I’ll search for the story with the military bases and I will post it if I find it.
Ditto for the inside info Chris. Dear God, please help the Greek people.
They are getting what they earned. It is the profit of decades of sloth and their own traditions. The pendulum has to swing all the way to the other side before a new generation of Greeks will rise to the challenge and be competitive with other poor economies that are on the rise. It looks to me though that the basic makeup of that society is under tremendous stress. The wealthy are under attack and the people are demanding equity. There is a huge rich-poor divide. Right now their energies are turned outward and they blame others like the IMF, Germans, Troika etc for their problems. When that energy is spent and the mood goes really sour the trouble on Athens streets will be internalized and directed inward against their own people. And that’s when it starts to get dangerous. Seems nothing ever changes when economies turn down. Maybe Golden Dawn will win the next elections….or they go back to a dictatorship.
I suspect that the seeming capitulation by Syriza leaders will bolster Golden Dawn anew.
I suspect you are correct, Mr T
Yup. Just what the world does not need. A revived NeoNazi movement in Europe.
IN CHARGE, GOLDEN DAWN would get PAID OFF too !!!!!!!!!!!
Chris………jUST ask BIG Al, for his email…….and send it to him for a review…I would like to know……………….thanks………………………j
I DO not think we should worry about the GREEKS so much,,,,BUT, rather be worrying about the US GOVT. and it’s attempts to bankrupt the nation. AND allow the bankers to put all citizens in bondage……………………..jmho……………jootb
Has anyone read……….Where in 2013, that RUSSIANS trained on AMERCIAN soil, with joint activities with NATO. Some 15,000 Russian TROOPS , it has been report….sgtreport………Something screwy going on here…………….jmho…..
Our new masters?
IT is easier to conquer within, …………..the OBAMA PLAN…….
No Jerry, its not. The reason there are wars is to direct the social energy onto another race, nation or religion as a means to redirect the disenchantment of the public onto an outside enemy. It takes the heat off governments and domestic problems. This principle is as old as time itself and it is why we need to fear for the future as the global economy finally hits stall speed. We are almost there by the way. Even a US and North America recession is now predicted. The alternative to an outside was is social discontent at home. The breeding ground for secession movements, civil unrest, civil war and the like comes from disenchantment with the politics of your own nation and anger at falling living standards, status and opportunity. There really is a lot to be said about how social mood changes the dynamics of the electorate. As troubles deepen, ever more dramatic solutions are always sought. It is why Greeks for example would even entertain electing a racist right leaning government. It is why the Hitlers in the world come to power. Because they offer answers and solutions at a time when common sense goes out the window and people just want their problems fixed and damn the torpedoes.
Not totally true……..Wars, were, so man, and rulers could get their greed filled of not having enough…………..MAN, always needs more, man is never satisfied, As, Solomon wrote……….ALL IS VANITY and Man’s greed can never be filled…….So, Rulers use their authority to redirect the ignorant public into believing there is a need to rule over all.
Interesting commentary from John Kaiser on scandium.
Turns out there could be some on the sea floor in the arctic ocean.
http://www.adn.com/article/20131224/potential-rare-earth-element-found-arctic
Didn’t someone find a massive goldmine on the bottom of the ocean at one time. I recall reading about it on this site years ago. Like thousands of tonnes of the stuff just sitting near the surface but it was so deep it was impractical to mine….maybe I am dreaming! Or maybe it was science fiction.
It seems Syriza is starting to crumble…http://www.zerohedge.com/news/2015-02-22/syriza-mep-greeks-forgive-me-contributing-illusion
And Manolis Glezos is a legendary and respected individual in Greece. When he speaks people listen. For those who do not know who Glezos is, he is the person (along with someone else) who climbed the Acropolis and tore down the Swastika flag
Thats not all thats going to crater…
John Kerry’s nodding donkey right up there and rearin’ to go.
Haaaa.haaaaa Andrew
All your stuff you post is beyond …good !!!!!!!!!!!!
Yo !!!! : )
The world might give Greece too much credit. People seems still have the illusion that they can enjoy the benefit of Eurozone but do not need to pay the price. I feel the best Greeks should do is to get out of euro and default on the debt. At same time arm themselves to prevent invasion. Not say it is right but it is best for them. They will suffer dearly but they may have a chance to survive other than being debt slaves.
Arm themselves Lawrence? Maybe they should start a space program too since you seem to imply they are swimming in extra money! I suspect the government has little extra to spend on a big arms program and its not likely the people would put up with it when even pensions are being cut.
Then again…maybe it makes perfect sense because it fits in with history.
When the world goes off of fiat currency, which looks to be soon… Greece might just be in the cat birds seat because of the asset holdings. They are a very rich in asset country!
they certainly will not starve to death………plenty of fresh fruit and fish……
It could very well be what the ” unspoken real battle ” is about
The shiny ball for the masses to watch and talk about is the Ponzi scheme fiat debt.
The ball hidden behind the back is the real wealth and hard assets that makes Greece a future powerhouse.
It’s definitely a play action fake. I just don’t know who the quarterback is.
Update!
Been doing my homework and checking it twice! The mining stocks sure look like there ready to move higher again. If that 1198 holds on a closing day tomorrow, I expect some bs negative news out of greek/euro contract agreement to blow up and send them on there way. The daily cycle in gold is overdue and ICL will be extended imo. Rsi showing a slope towards higher high since november along with oversold Stocks.
I should all but have my 3/4th and possibly 4/4th by tomorrow the latest from what i smell. The odds here favor a big move. This will be short covering/longs igniting.
+1 🙂
How is the big moving going so far? We came within three dollars of Ricks lower number of 1187 already. Even that is not certain to hold.
On the other hand, I am looking for a double top in the dollar in the next few days and a reflective double bottom on the Euro. So gold and miners should get some traction as your post suggests. Gold is overdue for a bounce.
Bunch of things lining up at once actually. Cocoa is at major resistance, Canadian dollar may triple bottom, Palladium is forming a breakout triangle etc etc. And look where the Swissie hit bottom. Lots to watch anyway.
I meant stochastics reading.
I don’t know if this can be seen properly without a subscription, but it’s a monthly chart of the USDX. It is at important long term resistance.
http://stockcharts.com/h-sc/ui?s=$USD&p=M&st=1981-09-07&en=today&id=p60483586911&a=390915388
Palladium or silver? Silver.
http://stockcharts.com/h-sc/ui?s=$PALL:$SILVER&p=M&yr=20&mn=11&dy=30&id=p16551566581&a=365986959
97 looks strong but who knows maybe it goes to the moon 🙂
What is your thinking regarding 1198? Does that level in your eyes absolutely have to hold or can we touch 1192/1187 intraday and snap up?
A quick move to 1186 would be fine in my opinion.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=1&dy=0&id=p36716127861&a=391003355
Just out of interest, the guys producing the “Aurum” are talking to a south American central bank about producing them as currency.
Well, theres your gold backed currency, oops, gold currency.
The interview with the manufacturer is at silverdoc, A New Way To Hold Gold, the podcast is by Resiliant Life.
It wont accepted of course, south americans don’t like gold.
Al might want to see about an interview with these guys?
People on this site might be interested.
You might want a read of this in The Guardian:
‘Crispin Odey on debt, deflation and downturn predictions’
After reaping the benefits of world trade we are about to harvest some of the pain, argues one of the UK’s most experienced hedge fund managers.
http://www.theguardian.com/business/2015/feb/20/crispin-odey-debt-deflation-downturn-predictions
No wonder the Telegraph won’t touch gold price suppression
Dear Friend of GATA and Gold:
If you’re wondering why mainstream financial news organizations refuse to report the biggest financial news story in history — the rigging of all major markets by Western central banks — another reason has emerged in the last few days with the resignation of the chief political writer of the London Telegraph, Peter Oborne.
Thanks marketedtofuture……………..Just mark another one off the list, MSN, bye,bye
Apple is working on an electric car that should be on the market in about 5 years. They are poaching all the best auto engineers and offering them $250,000 as a signing bonus along with a pay scale that is 60% higher than the norm. They have already filed 17 patents and a company this successful will change the importance of oil and how electric power is used. The future is here you can ignore at your own peril. DT^
The internal combustion engine will go the way of the horse and buggy. I was at The Toronto Auto Show 4 days ago and most people were interested in the “Tesla”. There is no way Elon Musk’s company will be able to compete with Apple’s electric car, Musk sees the future but Apple is The Henry Ford that will deliver it to the common man. DT
Not just the use of oil will take a beating but the new batteries in these cars will allow storage of electrical power that can be charged during off peak hours and sold back to utilities for more when demand is needed. This my friend is a huge game changer. DT
DT,
Electric cars also need to be powered. The electricity generation needs petroleum or coal. Electric cars also add huge requirement on the grids since if everyone start to charge the cars, the current grid will burn out immediately. In addition, it is also very polluting to produce and dispose batteries. The whole cycle of generating electricity, transport it, charge battery and run the engine is low on efficiency than directly generating power from gasoline engine since a lot of power is wasted in the miidle and energy transformation. So if we don’t change the power generation process, we will use more input gas, coal or oil than now. Since we know coal is very polluting, most of countries are reducing the use of coal and increase the use of natural gas and petroleum as the energy source. So I believe that the electric car itself will make the problem worse overall.
One saving grace is to generate electricity with solar cells. However, the transportation and low battery storage capacity and high pollution still make it difficult, especially with the intermittency problem of solar. Recently, there is a trend of using solar power to generate hydrogen from water. Then we transport hydrogen instead of electricity. Separation of water to hydrogen and oxygen is massive storage of power. At the end, we burn hydrogen with fuel cell In a long run, it could be a viable solution. I know this is being done in Japan and China. I heard that Toyota (or another Japanese company) is going to release the first Hydrogen fuel car this year. This could be game changer.
However, petroleum not only is an energy source, it is also used as industry input material. This cannot be replaced. More and more of what we use are made from petroleum products. A lot of them can replace metals and do a better job.
Lawrence,
You are so wrong my friend the future is nuclear power and fossil fuels aren’t, solar and wind will only be a small factor. I’m surprised that you totally missed that and you don’t understand that batteries in electrical cars will supplant the need to build a lot of new power plants. You obviously can’t see how battery chargers hooked up to an electric grid will work. Alberta is where you live so I can see why you feel that way.
If you talk about science and technology. I do understand a lot. Nuclear will be the future, I agree but there will always be some worry about it. Solar will be big in the long run since it is free and is the best solution for environment. Its cost is getting a lot lower. Even US is not paying a lot attention, Asia is making big progress on it.
It is funny you think car battery charges the grids instead of grid charging the car. Are you talking about perpetuate motion? You must know I have been doing science and engineering for life. It cannot happen, electricity has to come from somewhere first and transportation and transformation only lower the energy.
Also chemical use of petroleum will always there and liquid fuel cannot be replaced in short time.
BTW, DT, I have a lot of investment in Uranium.
Lawrence, the exciting thing about electric cars are the way the batteries in them will hook up to the power grid through a home battery charger. With urbanization ongoing millions of people who live in big cities only use their vehicles for shopping and the occasional trip. Most like me rely on public transit or bicycle or walking to get around. Although they own cars our governments are restricting the urban sprawl which had been a thing of the past.(to save farmland) So cities are seeing high rise buildings and increased density. This means the car’s battery becomes storage for the existing grid that can feed power back to transmission lines when demand is great and get replenished at night when rates are lower. I hope you see where they are going with this, that is what Apple also sees. DT
DT, if the power loss due to electrical transportation and conversion is marginal, I can see what you mean. However the loss of this process is huge. I feel that separation of water to hydrogen/oxygen is a better storage mechanism. At peak time, they use hydrogen to generate electricity, at off peak time, they reverse the process. But power has to be generated first one way or the other. We build fewer power plants but each one is always at its peak output so gas consumption does not change. This is the law of conservation of energy. Time will tell. It is especially beneficial for hydrogen process to make solar practical. Oil/gas’s role may decline but once electricity price is lower, people will use more of it. I know average citizen in China is very careful with electricity use because it costs them a lot of money. I can see them using 5-10 times of more electricity if the price is lowered.
Thanks for the discussion.
I read Tesla is having money problems……………..
So!
Your DICK TRACY………..you figure it out…………………..lol
besides………WHO in their right mind…wants to buy and APPLE CART……..
Jerry, you are the head poster boy,……..LOL
It never fails to amaze me that investors who need to see the future can’t even see the nose in front of their face, what choice as a species do we have.
Apple is making a car? Want to bet its called the I-Car or the Job-car?
DT,
I agree with your posts. New technologies are about to get rolled out that will crush the petroleum industries. And that’s not a bad thing.
The F35 does not work. Out of commission till 2019.
http://wn.com/alert!_computer_glitch_stops_us_most_advanced_f-35_fighter_jet_from_firing_until_2019
This is serious folks. : (
..so uh… Now it takes 4 years to fix a computer glitch??
Go back to the drawing board HH
The fear monger bs is, , well, bs
Pull your head out the sand Chartster.and then bury it in tnis article.
http://www.businessinsider.com/the-f-35-wont-fire-a-shot-until-2019-2014-12
After you click on it…GO POUND SAND….
No fear mongering…..take your BS and get out of my face too.
Are you still at the drawing board chartster.
You better think of something good.
Best thing you can do is retire for the night.
Like s good little boy !!!! Nity nite !!!!!
I have to give you credit HeavyHotair. I clicked on the article and it was just like pounding sand. So technically, you are right.
Thats it chartick…you took 2 hours and you tell me it was like pounding sand.
You should know….its your sand …..lol
How did you come up with your name….sounds like a tick off a
horses arse.
Just like all the horse crap you try and feed me. All your accusations.
Only a coward would do that. A.O. ..lol
What can I expect from a sawed off piece like…YOU.
Just accusations and B.S. Can you accuse me of anything else.
Can you make up some more B.S. Its not going to stick though.
Go find something constructive to do. This is not constructive.
ITS FOR LOSERS……maybe you are. I hope not.
You need a Valium, man. Maybe three.
How many hours will it take you this time…Whippin Boy.
Come on…think. …search for lies. That’s what your best at.
Look bud, I’m not going to respond to all this nonsense. But I do have a question.
Why are you so convicted that ww3 is going to start? Please give a better answer than a computer glitch on an air craft, or cause we already had ww2.
Give a legit reason or theory.
What are you a deaf mute. Walk around with your eyes closed.
The article was legit. Stop your horse crap.
World war 3 as well. You dumbed down or what.
You can’t read.
Bird, you need several inoculations.
Maybe go comatose for days.
Most likely institutionalized.
A danger to society
I thought your “pound sand” comment was pretty bizarre and a little out of line. You need a holiday. Someplace sunny maybe where you get a good tan from the nuclear flashes and a workout running for your life.
Bird….thats cute.
You pound sand with Matthew days on end. Its you that is tired
fatigued from battles you enjoy in here.
So what were you saying about pounding sand.
Just trying to push your buttons a little so Al gets another 400 comments from you going crazy! 🙂
Push on Bird. I’ll just keep trimmin your wings.
Birdman movie is popular. Check it out. Up for an oscar.
Your famous now. : ) you owe me at least an autograph.
Just for tellin ya….. thank me later….or else !!!!!
Isn’t your weekend pass over yet? Got to check in early in the morning. You better get some sleep.
Not yet. Not until you clean up you’re Bird droppings.
Still working off the last few slugs of the Johnie Walker, then?
Slugs…..around here should know…hint…hint..
YES IT’S SAD…………MAN IS TEMPTED BY MONEY………….AND SO IS THE NEW GREEK GOV’T……………THE GREEK PEOPLE ARE NOW MODERN SLAVES !!!!!!!!!!!!!
If they are not yet, they will be in the near future.
………….IF YOU LIVE IN GREECE………..HOW DO YOU FEEL RIGHT NOW !!!!!!!!!!!
As long as you have all money out of your Greek bank, what’s the problem.
Only the National Bank of Greece could have a ticker symbol NBG……that stands for No Bloody Good in my book!.
Like shit and determined to get the best outcome for your people. We are talking about a different culture all together. People who are not complacent all together.
This culture is far different then the north american culture. They will not settle for hardship! Trust me on this. They are like all europeans and south americans. These people will not only protest but cause a riot and go to extent of revolution.
i don’t know how any cohesive society can exist when many in the population cheat on paying taxes.
It is social rebellion. If the police, Magistrate, bureaucrats and the wealthy all do it then you can be sure they won’t punish the average guy when he joins in and refuses to pay taxes too. I think it is a phenomenon of a class-wide rejection of the basic law and authority itself. Ultimately it is really quite democratic because it is grass roots and so widespread. Even entrenched. And its incredible on some levels too because how do you put that Genie back in the bottle once it is out? Once the idea has emerged that nobody will pay then who will be left to collect? And how would ti be enforced? Greek citizens are doing their part in rolling back many decades of idealism where state taxation is concerned and refusing to cooperate if only in a passive aggressive way. There are not enough jails to lock up the entire country. That’s the real reason why Greece will default in the end. They vote themselves an end to austerity by just not supporting or cooperating with the government that is charged with collecting the pound of flesh. I never thought we would see anything like it in a computerized world where everything can be tracked.
I agree with your point since I grew up in a society which is disrespectful to authority. Only difference is that people work hard if given opportunity.
I don’t know that Greeks are really as lazy as we are led to believe but they definitely have a different quality of life owing to geography and climate. Take a look at how the country is ranked on a wide range of metrics for an idea. They are the 74th most populated of 228 countries and regions yet punch above their weight in almost ever other category of measurement including innovation. Who knew eh?
http://en.wikipedia.org/wiki/International_rankings_of_Greece
Fire in Harmony S. African Gold Mine now reported as out.
Congratulations to Whiplash’s first Oscar.
Australia reports worries about its Muslim citizens fighting in Syria. Estimated at about 100.
Hint to all countries: Why don’t you struip the citizenship rights of anyone that goes to fight with ISIS?
Then you won’t have to worry about the traitors and what might happen if they return home. Because they would not be allowed back.
Might discourage them from going in the first place!
Proud of his part Polish heritage, Big Al should be. Poland just won best foreign language film Oscar.
Al is like The United Nations, now he is part Polish too, where does all this Finnish.
OK Goldbugs…you will all appreciate this story. Hell, it could be the basis of a show tomorrow is Cory picks it up. None other than Allan Greenspan is saying we are all screwed in a big pot of SHTF stew.
Well, that’s not exactly what he said. But read the article anyway. Also a video. He sees big trouble ahead….and much higher gold prices.
Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”
http://www.zerohedge.com/news/2015-02-22/alan-greenspan-warns-there-will-be-%E2%80%9Csignificant-market-event-something-big-going-hap
All your optimism Bird. We are entering a new paradigm.
Back off my business too. You want to settle lets do it right now.
Don’t give me any bull crap. Armageddon is not unrealistic.
Tired of this conventional wisdom BS
OK…lets do it right now. Do we tap gloves or just start with a kiss?
Sign here and get in the ring.
Disclaimer.. you don’t go crying
to your mommy either.
Here now….I told you this was serious.
The wheels are coming off this world.
Its all going under.
ITS MAY DAY. ….DAMN IT…
OK…..
You’re a bar bouncer! You have to wait until I get rowdy first or spill a drink down the hostess’s top.
Very true..I like to…BOUNCE…
Anyway, do we really need these articles to tell us the world
is going into the crapper.
Think your right Bird. That hostess tonight will be a good place
to get warm. Adios…..need a break from this morgue of cyber bull.
Holy sh*t, I have perfected my technique!!!!
Now Greenspan wants to be part of the solution, isn’t that just hunky dory.
I feel this guy feels guilty for what he did and want to clear up his name. I heard when people get really old, they tend to become more conscientious.
Ha Ha Ha!!!! Too funny man. (That is myth Lawrence. Old people become worse, not better. The really clever ones don’t ask for forgiveness or do repentance until they are literally on their death beds). Funniest damn comment I read all weekend. Don’t you know the old folks are just manipulating you? What they lose in physical strength they make up for in deception!
Bird,
I don’t know what’s funnier to be honest with you.
Lawrence, who I believe is a smart guy thinking that Allen Greenspan and his filthy ilk of Oligarchs actually having a conscience when they grow old, or the never ending fever-pitch that Heavy Hallucinator and his marry band of apocalyptic cave dwellers being able to hold this site hostage for the last few weeks.
It’s the cave dwellers hands down. I thought the monster would stop being fed after last week, but to no avail. It actually appears the cave dwellers are adding to their ranks from the site.
Should be fun to watch going forward. Grab some popcorn.
If Allan Greenspan recommends gold as an investment or that it might go substantially higher then I would strongly suggest to the gold bugs to be very wary because what he really means it is going to take a face plant and fall.
About HH….no comment. I don’t want to encourage him too much.
This article is not going to go over very well in some parts of the community.
Wow….thanks Vortex. There is a lot in that story. A couple sentences in particular caught my attention. Partly because it was just a few weeks ago I was heralding my own version of the same idea in a trade I called “sell gold…buy oil”. The remarks from the article you posted supported my private conclusions as it seems many others in the market were responding exactly the same way.
Here are those comments:
“The net-long position in gold tumbled 18 percent to 110,164 futures and options contracts in the week ended Feb. 17, according to U.S. Commodity Futures Trading Commission data. It was the third consecutive decline, the longest streak since November. Short holdings surged 44 percent, the most since August”.
And then this second one’…………..
“Net wagers across 18 U.S. traded commodities rose 15 percent to 584,669 contracts as of Feb. 17, the first gain this year, CFTC data show. Crude holdings increased for the first time in five weeks….”
The market has spoken. Btw, gold is already down 12 bucks this morning and going on the critical list.
Vortex….a swirling cesspool of sewerage waste reaching its true destination
of filth and ignorance who can’t conceive truth from fiction.
Thats all a Vortex is….swirling cesspool of sewerage.
Always in the drain headed for the sewer. Swirling in B.S.
Your BS is not an illusion. ..ha ..Vortex nothing but a cesspool. ALL BS… lol
Man, this site is hitting new lows right along with gold.
I mean, one minute you are quoting from scripture and the next its poetic gutter invective. You are truly a mystery HH. Kind of a split personality.
Doesn’t mean you can’t defend yourself. You have nothing to be
proud of Bird. The word idiot is a word that you use quite often.
Along with lots of vulgarity.
Your far from anything remotely good here.
Don’t you know this is a glass birdcage? Be careful!
bawk…bawk…
v…….I hate to say it but BLOOMBERG IS NOT TRUSTWORTHY INFO. ANY LONGER….jmho
I think most of the MSM…..is toast,and along with the Establishment . Just like the article on the TELEGRAPH……HSBC OWNS THE PAPER , .BLOOMBERG, is owned by the political elite.
GREENSPAN…….needs another BRIEFCASE……………………LOL
HSBC……President , hides his money and bonus from other members,GREED WITHIN,,,….aol today…………….Vanity….never enough……………….lol
LIKE BERNIE MADOFF said……….PONZI…………….
Bird, fine with me whatever this old man says. He lost my trust already. He was goldbug at one time and seems come back as a 90 year old insect again. I guess he is not ending up in heaven regardless. One thing is for sure, he loves fame and power.
The Edward Snowden documentary just won an Oscar.
Now it’s time to pardon him, Mr. Obama.
him come home from Russia.
Do you think Snowden would feel safe with a mere pardon CFS?
And when he is attending the pardon ceremony maybe he will slip and fall 59 stories.
Gold is currently looking a tad crook,
What ever happened to all that the train has already left the station rubbish?
Silver has gone critical too. Red line on the downside. Whew.
you are just one of those , silver tongue devils, that all the girls talk about……………………ha,ha………………lol………..
how, we doing on the number count….have we hit 500 yet……………….lol
Oh look….gold went back up 10 cents! We’re saved!
a dime saved , is a dime earned……………….
besides ….silver only down a nickol, nichol, a wooden nickhole……….
Too late Jerry. The damage is already done.
back up BIRD………….you spoke to soon………………….lol
Give it time.
YOU have a 50-50 shot………aim carefully……………lol
with so many simple minded folk around anything is possible…………..lol
skeeta the train left in November and many here never hopped on. That is the truth. the train has been nice and come back opening it’s doors for the “many” in here of which I will not name to get in this time. But guess what? That same crowd will lose out again because they fail to recognize a bottoming pattern and buying opportunity. Forget the trying to figure out where gold bottom is, make money while you can. Funny how at every inflection point, its the scariest time to buy. I suggest close the eyes and push the trigger. open the eyes few days later you will thank me.
glen
Glen something tells me I can trust you! Best, A
Thanks Rev!
Glen, your question from another thread:
“Are we close to a top and do we double
top at the current high or break through?”
It took 10+ years to fill the big gap, but
the dollar index came through. Now the
new trading range is self developing and
indicates a further up-thrust, in the near
term to about 95.67 – the main bogey of
98.27 is still intact for the future.
These numbers are targets only, and are
mathematically based using the simplest
tools I can muster. Murphy and Bollinger
both told us long ago to “keep it simple!”
The ‘big gap’ was easy but required much
patience. Now it’s a tougher bird, and all
target numbers are educated guesses.
The trend is, as always, the key element.
BDC,
Thanks for the update.. NO doubt the trend has been up for quite a bit.
thanks and keep updating us on dollar.
glen
Glen.
I am hoping you are correct as we could do with a bump up the way. I go out last week as I don’t have a clue if gold will rise or fall from here. The charts do look bearish. I have enclosed the Rambus Weekend PM report link below. L
Biggus,
Always a pleasure my friend to speak to you. Overall trend “can” continue to be bearish “but” trade these rallies if that’s what they become. Quite frankly I don’t know 100% if true bottom is in even though I have said so. What I do know is that we are a day or days away from a big move. It can be a one day pop (big), or multiple days up. For me it’s all about price action with gold/hui. Looking at it overnight as well. 24 hour around the clock work. We are close but depending on where hui bottoms, then I can make estimate of pop.
Remeber this is my trading account and im still only 2/4th in on it and quite confident i jump off ship on the first big pop.
glen
Biggus,
I meant long term 3+ year trend not the one from november.
A sense of humour all round guys and gals for some perspective on everything!!
Clive Maund…. Conclusion: although a short-term bounce looks likely for the sector as it is oversold on short-term oscillators, medium-term a potentially quite sharp drop looks likely, that could even take gold to new lows. There is some danger of a destructive final C-wave that takes the gold price down to finally bottom in the zone of strong support in the $900 – $1000. We will being looking at this possibility in more detail soon on the site. An upside breakout from the channel shown on the 5-year chart for gold above, leading to the 200-day moving average turning up, would abort this negative scenario.
Here is the link:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111061720
Birdman you win the OSCAR ?
Not this year Franky.
Lol, he IS promoting the “virtue” of ignorance around here! 🙂
What the hell is that supposed to mean? At least make a small effort to make sense.
Biggus,
That Rambus report was excellent! Thank you
Years ending in 5 are historically the best for the Dow. Will it be the same this year?
http://www.seasonalcharts.com/zyklen_dekad_dowjones_100j.html
On the other hand, the election cycle points to a flat year for the Dow:
http://www.seasonalcharts.com/zyklen_wahl_dowjones4j.html
…and a down year for the dollar:
http://www.seasonalcharts.com/zyklen_wahl_usdx4j.html
#452
Be sure to join us next weekend for the 10% religion discount.
You only have to keep nine commandments instead of ten.
Only one catch – you don’t get to choose which one.
Thou shalt not be found out….
For Vortex the cesspool full of BS.
When you get down eatin your popcorn crow food cesspool full of BS click
on this video.
http://www.youtube.com/watch?v=Y_rgtKzKrPw
SURPRISE….hope you have a good place to hide from Armageddon but I know where
a cesspool full of BS like you will be. Still circling around the sewer. D.A…. lol
‘All have sinned and fall short of the purposes of God’: Romans 3, 23.
Thanks Chris ref Seg 3. Greece is a case of whose sins are greater and I agree it’s got to be the European Central bank. As for any solutions over yesterday’s discussions there are none. See KWN.
http://kingworldnews.com/no-dealriots-chaos-athens-markets-monday/