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So far it looks like Gary was right yesterday.

Big Al
February 27, 2015

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Discussion
152 Comments
    Feb 27, 2015 27:37 AM

    Big Al, you’re moving on up! The Windy City is a beautiful town.
    Gary, another good call. I tip my hat to you, sir.

      Feb 27, 2015 27:38 AM

      Gary, do you think we will get $1,000 gold?

        Feb 27, 2015 27:42 AM

        Maybe later this year.

          Feb 27, 2015 27:54 AM

          Great call Gary. On my chart, gold popped its head out of the downtrend today as it went up to $1220. It is now sitting right at the line at $1215.
          http://1000gold.blogspot.co.uk/2015/02/potential-channel-for-new-gold-bull.html
          2nd chart, right hand side of it.

          (Michael Oliver on Jay Taylor’s show said would like to see $1215 (not a big move) to clear the downtrend on a weekly close.)

            Feb 27, 2015 27:04 AM

            Gold needs a close above 1208 tonight to look nice.

          Feb 27, 2015 27:48 AM

          Gary
          Why do you feel you need to tell the people listening to the audio that 1275 will contain this rally. Your opinion is just that an opinion, you make it sound as if it is fact, it is not fact. The gold market will decide what happens at 1275 not you not me. We will see what happens at 1275, could go higher or reverse at that point, the gold market will decide that.

          Peter

            Feb 27, 2015 27:41 PM

            Dear Peter–you must be new in town to suggest the “market will decide”. Let me make a bet with you, gold will be contain by next Friday, job day. We will probably get a not so bad job report number, but beneath the surface it will look bad. The top should probably come in midday as gold touches either 1260, 1280, maybe 1308. BUT, all bets off, if the job report number comes in substantially below expectations. Why? Bad job numbers that come in way below expectations will be the cue for the next leg up, really.

      Yes , as much as OWL likes to talk…he will fit right in…………the WINDY city……….

        Feb 27, 2015 27:50 AM

        Awww common!

      Feb 27, 2015 27:50 AM

      Thanks Chris

      Feb 27, 2015 27:02 AM

      Gary’s more right than most analysts and that’s saying something. Gary is the only reason why I listen to this show.

        Feb 27, 2015 27:22 AM

        Yeah, Gary has a good batting average. People might not like that he flip-flops a lot, but to me that shows that he is on top of this market. The market changes day to day, so it’s only normal that his thoughts on the market change as well.

          Feb 27, 2015 27:26 AM

          Chris,

          as a trader it’s a must. As a long term investor I thinking keep to a plan which gary has mentioned before and sticking to it is best. LPG’s plan and doc’s plan and even matt’s plan of buying when bleeding for long term is good plan. Buy on fire sale for accumulation. You know when you play board games like monopoly etc etc, accumulate because in the long run you will be rewarded.

          cheers

            Feb 27, 2015 27:32 AM

            Yes, the four musketeers have their own methods and thoughts. And they’re all good, imo.

        Feb 27, 2015 27:24 AM

        Jane,

        No doubt Gary is one of the best! I think it depends what flavor your looking for. The four muskateers all offer something unique and make you see things from different angles. Obviously we all have our favorites me included :). Nut i can’t share that out of respect.

        cheers

        Feb 27, 2015 27:04 PM

        Jane don’t know what planet your from. Gary is more wrong than right.
        Jane spend some money for his trading service and trade some of his recommendations and then tell me what you think 🙂

        Peter

          Feb 27, 2015 27:16 PM

          Sorry, if you took me wrong. I didn’t mean to put you down in anyway. But, I’ve been there and been fleeced a lot too. The message to you is, gold is manipulated, just like the libor rates and the stock market. Don’t rely too much on charts because the charts are made up by the manipulators. Dealing with these manipulators is like playing chess, you have to try to figure out your opponent’s next move. Again, I’m very sorry if you took my comment as hostile.

            Feb 28, 2015 28:19 PM

            Thank you Jane, I didn’t take it as hostile. I’m thick skinned anyway.
            Just trying to stress the point that Garys words are nothing but his point of view and that does not make him right. He has this confident way of galvanizing his point of view which does not make him right. His views are vary casual and broad and i have no use for it to make money.
            However, on your point of view about the manipulators painting the charts, I believe they can, but only from a short term perspective, that is why I rely more on the weekly an monthly charts for my direction and confidence.
            Your absolutely right it is like a chess game and I love chess.
            It’s all in the charts and the trend.
            Good luck Jane.

            Peter

        Feb 27, 2015 27:09 PM

        Jane join Gary’s trading service and taste the pudding and then let me know what it takes like 🙂

        Peter

    Feb 27, 2015 27:38 AM

    Gold rally?

    Gold and rally in the same sentence is a contradiction; not going to happen.
    Gold and rally are mutually exclusive concepts.

    Dollar To Da Moon!

      Feb 27, 2015 27:45 AM

      You must be very young. I still remember 2000-2011.

        Feb 27, 2015 27:45 AM

        No, just aware of the presidential working group on capital markets and their infinite wall of money as one of their tools in their toolbox. Until it is in their interest for an upward movement, it will not happen. In 2008 when JP morgan bought over 8 Trillion in treasuries, the concept of free markets was dispelled.

          Feb 27, 2015 27:21 AM

          Off course, there is no longer any free market. Sad isn’t it. However, since gold and oil is international market. As the gold is needed to secure the ever shaky financial and debt position, they may have to stop the manipulation. I just feel if some market is physical in nature, they cannot do it indefinitely. Otherwise US will exhaustes itself and Russia and China will win by doing nothing. I am sure they will stub on US’s back when the time comes. As for stock market and bond, I can see the manipulation can go untill the dollar loses its reverve currency status and probably longer. My US friend who was a communist when he was kid told me that he sees Obama exactly what he was in unniversity – a communist control freak.

          Feb 27, 2015 27:07 PM

          Their infinite wall on paper is precisely what ultimately pushes up the price of finite resources such as gold.
          Markets haven’t been free in over a century, but the market is bigger than the manipulators. They can win battles, but never the war.

            Feb 27, 2015 27:08 PM

            Typo: “on” should be “of”

            Feb 27, 2015 27:30 PM

            Matthew SAID: “Markets haven’t been free in over a century, but the market is bigger than the manipulators.”

            AMEN!

            Feb 27, 2015 27:01 PM

            I don’t see any problem about the statement. They will always intervene but they have to retreat. They cannot alway reach their goals. Otherwise gold would be $1 now.

    Feb 27, 2015 27:44 AM

    Gary
    What do you think about OIL and NG short term?

    Feb 27, 2015 27:46 AM

    IN the intermediate term I think they both still have farther to rally before this counter trend move comes to an end.

      Feb 27, 2015 27:36 AM

      Counter trend move? What move? The most recent upside has now broken down yet again. Oil is going to retest $45 before it has any chance to go higher.

      Feb 27, 2015 27:35 AM

      Just read an article that China has over built storage tanks and a lot of them still empty. They are filling them as time goes. Import is running at a rate increase of 9.7% compared to last year. With this low price, demand in other countries should go up too. I start to doubt the lower than $40 price. I am buying oil matual fund every day. Saudi and US increased the supply by ~2.5 million barrels/day since last summer. Running at high rate can damage Saudi fields and it is not good for them in long term. US production increase is mostly from shale and these companies are deep in debt. They have to reduce drilling. With fast decline rate of shale wells, the production will drop without any well shut-ins.

      I think this is a good opportunity.

    Feb 27, 2015 27:48 AM

    Big crack down on weapons….Sponsored by the UN.

    CRACK DOWN COMING ON MOST CONSITITUTIONAL RIGHTS

    http://www.youtube.com/watch?v=mkWrfRG17os

    Its a dismantling of our nation. Its now being routed.

    Its conclusive now.

      Feb 27, 2015 27:51 AM

      I was a little surprised to read about the bullet situation.

      But then again, how about the news earlier about the IRS!

        Feb 27, 2015 27:58 AM

        Ya…Big AL….there is so much going on
        its difficult to keep up with it, never mind
        posting it all. Radical changes and news
        daily.

        WE HAVE ENTERED A …NEW PARADIGM. (Unfortunately )
        Not for the good either.

      After reading the above…….IT would be wise for individuals to understand that ROMANS 13 , which talks about authority, and the Christians authority is the US CONSTITUTION AND BILL OF RIGHTS, which by the way is before THE ACT OF 1871.
      Respect authority , but, not those men who have stolen or attempt to steal, THOU SHALL NOT STEAL.

    THE big ear dumbo…………Obama is banning ammo….for the AR 15…….trying to go around the prep ers.and the US CONSTITUION and BILL OF RIGHTS……one way or another. a…………..sgtreport……..
    the PRESIDENT OF THE CORPORATION………….not US………..WAKE UP………

      sorry HH…… I .posted the same info…………..j

        Feb 27, 2015 27:55 AM

        J…..here is a great site you might be interested in.

        http://www.trunews.com/listen/

        Thursday podcast is excellent. Hope your having a great day and
        enjoy the weekend. : )

        btw…Thanks and enjoy all your comments.

          Thank you………I am reviewing presently,,and what I have heard is very interesting, concerning the O………., some of which I knew, but, now I have a better understanding as to how he can interact, as a Muslim……

            Feb 27, 2015 27:32 PM

            Wow…Great comment …..J

            You think of everything. Its an honor to be in communications with you.

            O…is going all in. This nation is faced with serious ramifications.

            We are going terminal. Catch ya on the rebound. : )

            MUSLIM OBAMA………..is now going to try to CONTROL THE INTERNET………..WAKE UP PEOPLE……………..

            GOLD AND SILVER …..is not going to help anyone, if, the internet and freedom is taken away…………..

            Feb 27, 2015 27:08 PM

            Its over. I concluded that about 3 months ago.

            We are entering hard core tyranny.

            They know very well they can’t keep these balls in the air
            anymore. They plan on inoculations for RFID tracking and
            history for everything including financial records etc etc.
            Purchases will be negotiated only by the chip.

            THE JIG IS UP….total control coming.

            Feb 27, 2015 27:08 PM

            J…..here’s another good listen. A person though needs to
            understand all whats being communicated in a foreign
            language almost. If they are ignorant to all the lawlessness
            thats taking place they will get lost. The discussion is only
            for a select few. Like yourself. Here’s the podcast.

            http://www.youtube.com/watch?v=ugdWHB0MIWU

            Also, all information can’t be relied on fully. We are dealing with
            very complex events taking place. No one can cover these things
            perfectly.

            On another note. The masses will never wake up. Everyone who I have
            woke up from their deep sleep dozed off again. Only to go off into a
            worse state and comatose attitude. The republic will never be saved
            and the globalists are fully aware of it. They will wake up only to a world
            they never thought possible. That day is…when it all comes tumbling
            down. The biggest problem is they are spiritually dead. They don’t see
            it and go fickle if they do. Its like the brain cells to make the decisions
            were some how sabotaged. We know who that is…the enemy. The Father
            of darkness who controls this world. Roaming around like a lion and doing
            an excellent job too. Everyone is being deceived. Few know the truth.

            Anyway, thought you might be interested in this podcast.

            Feb 27, 2015 27:31 PM

            Sorry, forgot to mention the radio transmission was bad
            on certain area’s of the podcast.

            HH…….tHANKS FOR THE HAWK……………………..J

            HH……Deer slugs work ok too………….

            Feb 28, 2015 28:07 AM

            J….after listening to The Hawk

            You must be making final preperstions on your Bunker !!! lol

            He’s a good listen from time to time. Picking up all kinds of
            information from many sources helps draw the conclusion
            the terminal condition we are in.

            Can’t fool… Ole Hawk. It doesn’t swallow any Bull Crap.

            He reminds me of the GOOD OLE boys…in South Carolina, and Northern Florida….

            Feb 28, 2015 28:47 AM

            Yep…he’s definitely a man’s. …man.

            Good healthy strong character.

            J….you guys could be best of buddies.

            You can’t fool …..Good Ole J…..either.

            Age does have it’s advantage………he,he…………..j……..

            like MOSES in the wilderness………some will survive……..

            Faint not….in the time of adversity……Be of good cheer, for the devil has already been over come………………..

            Feb 28, 2015 28:17 AM

            J….those are all aces in the hole.

            Amazing comments.

            You are definitely a very remarkable guy.

            Great wisdom but you can put it all in writing too.

            Of coarse, many would not relate to most of it.

            Nothing but scoff and mock….

            Let them turn away too. Have nothing to do with their lies.

            Feb 28, 2015 28:29 AM

            You could author a book…J

            Title:

            The Republic Is Terminal.

            When two or more are gathered in my NAME…..,
            I am so grateful, that you have the courage to post,
            as is written………..IRON SHARPENING IRON………

            I NEED A CO AUTHOR………..

            THanks again for all the support..and great post…………..j

            Feb 28, 2015 28:49 AM

            No, thank you J….I can say with all sincerity I thoroughly
            enjoy all your comments and you are speaking the truth.

            Trying to stay off the weekend board but want you to know
            you are the GO TO …posts for commentary reading.

            Right now especially with all the worlds lies being touted we
            need to reinforce the truth. The support is priceless.

            Thank you for speaking the truth. I’m so tired of fraud you have
            no idea.

            Quite frankly, makes me as mad as hell but I do my best to stay in good
            cheer. We are to get upset. Look at what Jesus did to the money changers.

            Anyway, you know the story. Preaching to the choir! !!! Your a VERY wise man. : )

            Sometimes it only takes a little faith, to gain strength,…….the size of a mustard seed, the tree grows strong next to water…………………….j……….

            thanks……………j

            Feb 28, 2015 28:24 AM

            You too. J…thanks and enjoy a good weekend.

            Catch up with you in a week or two.

            March , might be a point of infliction. The ship is going down now.

            Until it sinks to the bottom of the ocean. We have Gods promise though : ) PTL

      Feb 27, 2015 27:59 AM

      Thanks Jerry. YOU DA MAN !!!!! : )

      No worries ever. Me and you are always…cool.

      bb
      Feb 27, 2015 27:05 AM

      Feb 26 America, Welcome to the Fourth Reich BATR
      321 gold

    Feb 27, 2015 27:56 AM

    WELL IT TOOK THEM A WHOLE WEEK……but the GREEK people FINALLY take to the streets with RIOTS in ATHENS………and as we speak, the RIOTS are BUILDING:
    http://www.euronews.com/2015/02/27/riots-in-athens-as-left-wing-supporters-vent-their-anger-at-newly-elected-/

    Feb 27, 2015 27:58 AM

    BIG AL……………..I sure hope that we can hear from HARVEY ORGAN on the WEEKEND SHOW, because things are moving FAST !!!!!

    Feb 27, 2015 27:59 AM

    Bob Hoye:
    > very bullish gold long term
    > very careful on the entry
    https://www.youtube.com/watch?v=SR2jL9AQwsg

    Now I just need to figure out what he means by “the real price of gold”.

      Feb 27, 2015 27:00 AM

      Hint:
      It ain’t in USD

        GO east young man, go east…………………(out of the past , but in reverse)

        Feb 27, 2015 27:31 AM

        Since I don’t have access to Hoyesters proprietary commodities index, I’ll use $GNX.

        $GNX – “GSCI stands for Goldman Sachs Commodities Index. S&P, of course, stands for Standard and Poor’s. Goldman Sachs originally developed this series of commodity indices to cover the major commodity groups. These indices are weighted according to world production, which means the most prevalent commodities carry the most weight. The S&P GSCI indices cover energy, agriculture, precious metals, livestock and industrial metals. The “Total Return” version of these indices measures a fully collateralized futures investment that is rolled forward each month. The indices based on spot prices are not subject to collateral or rollover issues.”

        http://stockcharts.com/h-sc/ui?s=$GOLD:$GNX&p=D&yr=3&mn=0&dy=0&id=p66502741048

    Feb 27, 2015 27:01 AM

    BNN Commodities Report had a lady talking of the PM price manipulation by the London price fix. Consistently knocked down at 3pm for a ten year period. So… where are the free market people saying there is no manipulation?

      bb
      Feb 27, 2015 27:27 AM

      I think it was Adrian Douglas, he showed market manipulation by the am/pm fixes over 20 years or longer. (Been awhile so the memory is dusty now).
      Anyway, he screamed it for years nobody other than a very few people took notice.
      At that time there were still very many people in the PM industry arguing manipulation didn’t happen.
      Ed Steer for example wont own a goldstock due to goldminers being complicit in manipulation.

      My point Dan is don’t expect too many free market people.
      Besides, they only going to find out its all legal and has been going on since before they were born anyway.

        Feb 27, 2015 27:51 AM

        I am just glad that the MSM is picking up on it and telling a bunch of educated boomers that they were WRONG when they pooh-poohed the idea of manipulation.

          bb
          Feb 27, 2015 27:04 AM

          Well, they might have been educated in something I guess.

          My guess is if manipulation is hitting MSM, the controllers have a reason for it.
          Lets be honust, all they have to do is state manipulation was necessary for “security” reasons and the public says..”oh,ok”.

          Nothing will come from it.
          I always liked Gary because he would take manipulation into account with his investing, before him it was arguable wether it actually happened or not.
          Anyway, hopefully we are “moving forward”. (I really don’t like that expression)

            Feb 27, 2015 27:16 AM

            Hey bb, I would be happy if we restart from here as if today’s prices are a fair and reasonable place to start. Ditto on the “moving forward” phrase; a crap phrase from the educated (institutional group thinking) to make them sound superior somehow.

            bb
            Feb 27, 2015 27:10 AM

            Well, we could get a spike before the summer doldrums set in.
            Maybe gold is at a “fair and reasonable” price, silverdoc had an article yesterday? saying swiss refiners were lucky to “dump” oversupply of gold.
            We have not had a shortage for example and all demand has been met, It really doesn’t matter if Mr.Sprott doesn’t know where its coming from, demand is met.
            Nothing saying we don’t have a long way down to go yet, personally I don’t think so, but I don’t know anything.
            Im interested in what the Chinese do at about $1000, some “pundits” are beginning to predict about $1000 this summer, couple months ago this was blasphemy.
            We’ll find out I guess.

            Feb 27, 2015 27:18 AM

            There could be the rumoured 170k tons in private hands but my guess is they need it to meet demand in the coming years.

            Feb 27, 2015 27:47 AM

            BB, if the supply comes from treasury vault, US gets a problem. To maintain reserve currency status, gold is needed for confidence. When the 8200 tons gold is gone, what can US use to ensure confidence? Confiscation?

            bb
            Feb 27, 2015 27:54 AM

            The more I think about this 170k tons the more I think it could exist.

            I would really like to see how much copper is produced compared to gold for example, then see how much copper has been mined and figure how much gold there is from that.
            Over about 10 thousand years of course, Im willing to bet there is a heck of a lot more than 170k accounted for.
            My tinfoil hat says Rothchilds,Bilderburgs and banks have it.

            Guess I would just like to see it figured that way.

            bb
            Feb 27, 2015 27:00 PM

            The U.S. never confiscated, they bought it.
            Its possible they do the same thing again, why not?
            Also, there is always enough gold, price just has to be right.

            So, there are solutions and I think banks (especially banks) know it.

            The question becomes why are they doing what they are doing.

            There could be a reset coming, maybe that’s Martins “big bang”, a reset “fixes a lot of things”

            Feb 27, 2015 27:12 PM

            BB, I am sure ~175,000 tons are gold ever mined by human. People estimated about 95% still exist above ground. It is a rough number which cannot be taken at its face value.

            There are plenty of gold above ground but depending on who has it. It can only be mined but not printed.

            Forcing people to sell using legislation is confiscation. Trades require willing participants. It is better than outright robbery but still against people’s will. I hope Canada does not do it. There is a slimmer chance since Canada does not need to preserve the reserve currency status and always hopeto have weak currency for export purposes. Don’t quote me on it.

            Feb 27, 2015 27:20 PM

            BB, why do they do what they are doing? You can refer to Larry Summers work. When government needs a low interest rate, it will require FED to suppress the rate buy creating plenty of money(simple supply/demand for money itself). However, people will find a way around by buying gold so the money does not go to lending. It goes to gold instead. So to achieve a stable low rate, there cannot be relieve valves. It is the basic requirement of financial repression. The other thing is to stop any other money to challenge US dollar as the world reserve currency so gold will be constantly suppressed. But it does not need to be at current degree. A slow increase of gold price is fine.

            bb
            Feb 27, 2015 27:58 PM

            Howdy Lawrnce, I thought fdr appealed to peoples patriotism and people gave it to government willingly, really, how hard is it to hide gold? Especially in 1933.

            Not that I know anything, but I doubt there will be a confiscation in Canada, a lovable tax maybe, but not a confiscation.

            Yup, they could be doing everything they can to keep preserve status, foolish that would be tho, reserve currency changes pretty regularly and the world wants a change, so its going to happen. My bet is the banks are more than prepared to profit from it.

            IF the gold comes from vaults, big “if” now, “if” it doesn’t, where has it been coming from?
            Everyone seems to go on and on with speculation, but we dont know supply, until we know supply we can only know half the story at best.

            lol, that’s why I been drivin people nuts about how to figure it out.

            Anyway, maybe your right Lawrence, maybe the reason they do what they do is the obvious.

            Feb 27, 2015 27:28 PM

            bb. Thanks for the reply. If they want to discourage people from buying gold, a big tax will do. If they want the physical metal to back the currency, they have to confiscate it.

            Reserve currency gives US the power to borrow and go deep in debt without dragging down the dollar. This allow them to seek world dominance.

            I think the chance the gold not coming from Fort Knox is slim. Otherwise why do they fight so hard agaist audit. If there is nothing to hide, an audit would be great so they can convince the public all the gold is there. I would demand an audit if I were them.

            The same is with audit the FED. FED has a lot to hide so Bernanke said an audit will dash the confidence of US finance. If they have told us everything, why is that?
            LOL.

            the gold AT FT KNOX was trucked out in or about 1964, ……..according to the then, GOV. OF KENTUCKY………and verified by army truck drivers……….from what I read several years ago, ……which I posted ………about 08…I think……………

          IT is Funny that RAND PAUL….went to KENTUCKY TO BE A SENATOR…….wonder if he is on the take……………………….

      Feb 27, 2015 27:42 AM

      U.S. government is authorized to rig all markets in secret, GATA secretary tells KWN

      http://www.gata.org/node/15138

        Feb 27, 2015 27:29 AM

        I remember when that statement would have drawn guffaws and such; now it is becoming MSM fact.

          Feb 27, 2015 27:30 PM

          Dan, you’re right about that. The question is…why now? 95% of the folks on this board are expecting a drop to $1000.00 USD or below. Armstrong said the majority had to be wrong.

    Feb 27, 2015 27:03 AM

    RIOTS LIVE ON RT RIGHT NOW !!!!! http://www.rt.com/ CLICK- LIVE TV

      Feb 27, 2015 27:21 AM

      Right now it’s showing grass in a field somewhere.

        Feb 27, 2015 27:25 AM

        You’re LATE…………….try back at the TOP of the HOUR.

    Feb 27, 2015 27:13 AM

    Gary was right on a pop up in the price of gold. Also there seems to be a stall in the conventional markets right now near to resistance just as Gary suggested.

    I have drawn a potential trend channel for new gold bull market. It is very much with a question mark but in the last few days gold has rolled to the upside from its recent downtrend (from January to mid-February 2015).

    Much too early to call – but maybe there is some potential if the long term support blue line holds.

    http://1000gold.blogspot.co.uk/2015/02/potential-channel-for-new-gold-bull.html

      Feb 27, 2015 27:49 AM

      I did a calculation based on my chart of a new uptrend channel linked above.

      That uptrend channel floor has three price points, the second is the low of $680 in Oct 2008 and the third is near the recent low near $1200 in Feb 2015. That is a $520 move in 6.3 years, a rise of $82 per year. At that rate, gold would get back to $1920 in another 8.5 years (by Aug 2023) but that’s not fair because it is the bottom of the trend channel and it could move to the top of the channel which is $110 higher. That would give gold at $1900 bin 7.2 years (i.e. by May 2022).
      That would give time for a possible rapid bull market blow-off in 2023-2024 in the next dollar bear market which by historic precedent might be from 2016-2024 approximately.

      I am not yet sure whether:
      a) gold is going to bottom here an move into a new bull market or if
      b) it is going to bottom out a bit lower while the dollar finishes its bull (perhaps into 2016) or whether
      c) it is going to have a sort of hump shaped cyclical bull run in gold like in the mid-80s and then another slump before a new proper bull market can begin.

    Feb 27, 2015 27:17 AM

    Congratulations, Big Al on Chicago radio!

    Is it AM560 “The Answer” ?

    Tom
    Feb 27, 2015 27:27 AM

    Wow! Mark today’s date and interview! Savage calls the ultimate bear market bottom already in miners! Save the link!

      Feb 27, 2015 27:23 AM

      Gary didn’t say that though did he? He said that he felt it was possible that the lows of last Autumn might be tested again but perhaps not broken?

      Did I hear that right?

    bb
    Feb 27, 2015 27:11 AM

    The chart I use shows todays high at 19.07, I would like to see gold “pop” to 1250 etc but I am not getting excited at least until it tops 1220 first.

    Feb 27, 2015 27:11 AM

    **** TO ALL THE TREKIES OUT THERE **** REST IN PEACE MR. SPOCK !!!

    CFS
    Feb 27, 2015 27:24 AM

    Just an example of having a dictatorship and spineless Republican Party.
    the is dying, the constitution was killed.

    Feb 27, 2015 27:14 AM

    Looks like oil is about to break out. Brent is near the last record price. Wti is still weak.

      Feb 27, 2015 27:21 PM

      Nobody know what will happen. It is wise to dip into the market with a lot of cash reserve.

    Feb 27, 2015 27:18 AM

    ugly day thus far..Markets are all ugly

      Feb 27, 2015 27:26 AM

      My junior portfolio of about 15 very speculative plays is up 6.67% today. This aversion to safety bodes well for the whole sector, in my opinion (particularly since this is occurring at the end of a decline and not a rally).

        Feb 27, 2015 27:00 PM

        Afternoon Matthew

        Alexco was difficult to watch today. It just dropped to an all time low. I hope it is technicals, as I think the current price is ridiculously low based on the fundamentals, Comments? (DOH ! My best trade EVER was Alexco: Buy @ 0.44, sell @ $6.50)

        Brian

          nice……………

          Feb 28, 2015 28:05 AM

          Brian, I’ve doubled my position since the fall and will buy more if it goes any lower. But, as long as the market is unsure about the price of silver, I don’t think we can expect much from AXU or similar silver juniors (with no production and/or an uneconomic deposit at current prices). The market is probably also concerned about the SLW deal and the potential for a financing to be announced soon.

          Under the current circumstances, I think a 15% increase in the price of silver can result in at least a double from the current level. That would be just the beginning, of course.

    Feb 27, 2015 27:38 AM

    I KNOW THAT KNOW ONE HAS MENTIONED THIS BUT………………after seeing all these interviews on KITCO NEWS with MINING MAJORS saying that they are doing OKAY and are making a PROFIT…………..I SWEAR that I would not be SUPRISED if the FED and the U.S. GOV’T are SECRETLY FUNDING some of these MAJORS to keep SUPPLY GOING !!!!

      Feb 27, 2015 27:09 PM

      Interesting thought. I would do it if I were them. However, not all the mines are public and most of them are not in US or have anything to do with it.

      I thought these miners are just bragging. When I see their financials, most of them lose money. As for silver miners, only one makes money. How can they do well while they lose money. Hear them talking makes me angry. They think we are fools.

        Feb 27, 2015 27:51 PM

        THIS IS WHAT I’M SAYING………how can this be true, and at these PRICES………..there are some MINES that I am sure would DO business with the FED and THE UNITED STATES at the RIGHT PRICE.

    Feb 27, 2015 27:39 AM

    ****** ERROR……..NO ONE

    bb
    Feb 27, 2015 27:42 AM

    Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

    12 Rules of Goldbuggery

    by Barry Ritholtz – April 16th, 2013, 7:21am

    That was at the end of his article, had to share it, I thought it hilarious.

      Feb 27, 2015 27:01 PM

      Barry is the ultimate shill. His dumbed-down approach proves he doesn’t really believe his own crap.
      This is good: 12 Reasons Why Ritholtz and Many Experts Are Mistaken On Gold
      http://news.goldseek.com/GoldSeek/1424873554.php

        bb
        Feb 27, 2015 27:18 PM

        Mathew, you seem to have difficulties with just about everyone.
        Seem to anyway.
        There was no point to me posting that other than it was funny.
        That’s all, nothing more, nothing less, just funny.

          Feb 27, 2015 27:34 PM

          Sorry if I don’t set my tone right sometimes, bb, but I fully understood that you posted that because it was funny. My “difficulty” in this case is 100% with Ritholtz, not you.
          I thought my comment went perfectly with yours since you rightly thought the shill was hilarious.

            bb
            Feb 27, 2015 27:06 PM

            oh, my “bad” then, sry, see how the emphasis matters? so easy to misunderstand what someone says or means when they say it.
            Happens a lot, anyway my apology in order.

            Feb 27, 2015 27:25 PM

            No problem, I could’ve presented it differently.

    Feb 27, 2015 27:06 PM

    I am averaging down on my 3x gold bear position in DUST. So yeah I hope it does go to $1000 so I can pull down some coin shorting the yellow metal. If you think Gary sounds sad and depressed now just wait until gold hits 1K. lol

    Feb 27, 2015 27:13 PM

    Corvus Gold Announces Closing of CAD $4.5M @ $1.00 per share Non-Brokered Private Placement

    CORVF…At bottom of Bollinger Bands in $USD 0.66

    http://www.corvusgold.com/news/2015/index.php?&content_id=235

    CYPRUS AND RUSSIA ………..SIGN A DEAL……………..Sinclair.

    Black SWAN…….OR BURNT TURKEY………..Turkish lyra is having problem….central banker are shipping gold out to swiss ………………The gold export, is a BLACK SWAN, IMHO……………………zerohedge…………………

    MORE MILLIONAIRES IN MARYLAND….per capita……..THE lobbist, lawyers, political elite, that are fleecing US., live nearby DC. There are 17,000 govt. workers making $200,000 or more………………….zerohedge………..

    New GOLD EXCHANGE…………..B/S China gold exchange………….London Fix , bye,bye

    ROMANS 13………..authority ……….US CONSTITION AND BILL OF RIGHT…,

    Feb 27, 2015 27:51 PM

    Jane you’re another one that likes to predict the future. Again it must be an ego thing.
    I just like to make money not try to predict the future.

    Peter

      Feb 27, 2015 27:08 PM

      Peter,
      I do recall you predicting “to the moon” right before gold dropped 120 points. I suggested at the time that gold was due for a pullback because sentiment was too bullish.

        Feb 28, 2015 28:28 PM

        Gary I do not trade gold, I trade the Gold miners and i have never predicted “to the moon” I don’t think anyone has on this blog. The miners have diverged from gold and I believe it has because of the cost of oil and this I stated back in DEC. 2014. Check the blog I was the first one to state that the low oil price was going to affect the miners in a positive way.

        Peter

    Feb 27, 2015 27:58 PM

    **** OUTSPOKEN PUTIN OPPONENT SHOT DEAD ***** OUTSIDE OF KREMLIN *****
    WOW, so much for talking against VLADIMIR !!!!

    Feb 27, 2015 27:53 PM

    Gary is always very accurate regarding the conventional stock market. But thinking gold is going up right now ( even though some indicators point towards that ) gold is gonna get washed!
    Monday and Tuesday will tell that story. No doubt about it!