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Chris Temple and the $5,000 Nasdaq number.

Big Al
March 2, 2015

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Discussion
106 Comments
    LPG
    Mar 02, 2015 02:52 AM

    I took as a great news that – according to Al/Cory – PDAC is very slow.
    IMHO, a very good contrarian indicator.
    Best to all,
    LPG

      Mar 02, 2015 02:52 AM

      I completely agree.

        Mar 02, 2015 02:19 AM

        Hate to say it Matthew, but so do I!

          Mar 02, 2015 02:05 AM

          You guys just keep finding pearls in every oyster.

            Mar 02, 2015 02:10 AM

            🙂

            Mar 02, 2015 02:18 AM

            You know that I disagree with them I hope.

            Mar 02, 2015 02:37 PM

            Off course

      Mar 02, 2015 02:19 AM

      Just got off the phone with Cory and he said that today is a bit better than yesterday but not much and that the mood is fairly negative.

        Mar 02, 2015 02:43 AM

        That makes sense to me. There are very few bulls right now who aren’t at least short term bearish.

        Mar 02, 2015 02:52 AM

        I was there yesterday and I noticed increased traffic in the exhibitors hall over last year, Sunday is a good day to check attendance because people have the time to go. The better companies have traffic the ones that are dubious do not get noticed.

          Mar 02, 2015 02:59 AM

          The traffic was up substantially over last year at this time!

            Mar 02, 2015 02:33 AM

            That is interesting because I spoke at PDAC last year and I thought that the traffic was pretty good.

            Hope that you looked Cory up.

            Mar 02, 2015 02:41 AM

            I want to see Cory, but it won’t be today but most likely Tuesday or Wednesday.

          Thanks for the update……DT……………………………J

        LPG
        Mar 02, 2015 02:55 AM

        “The mood is fairly negative”. I love that. I truly do.
        Thanks for the feedback Al/Cory.
        Best to all,
        LPG

    CFS
    Mar 02, 2015 02:57 AM

    The takedown in gold happened when NY opened…..not when London opened.
    That is significant, because historically recently attacks have occurred from London.

    It is possible London is nearly out of physical as Maguire suggested.

      Mar 02, 2015 02:34 AM

      NO……………LONDON IS COMPLETELY OUT OF PHYSICAL, EVERYTHING ELSE IS ALL BULL !!!!!

        Mar 02, 2015 02:38 AM

        ………AND THEY KNOW THAT THEY ARE OUT OF PHYSICAL……..IT WILL ALL BE REVEALED SOON…………..THE SAME WITH THE COMEX……..STAY TUNED.

      Mar 02, 2015 02:20 AM

      Interesting comment CFS

    Mar 02, 2015 02:00 AM

    CFS,
    Maguire & KWN have been saying this for years. At some point it’s the boy that cried wolf.

    Mar 02, 2015 02:02 AM

    Apparently, Stock is allowed as a relieve valve for money printing. More printing, the higher the stocks. On one side this enriches the wealthy and on the other side, it paints a good picture. Gold on the other side is suppressed. If not for the physical nature of gold, this could go on forever.

      Mar 02, 2015 02:22 AM

      Gold is not suppressed. That is a myth.

        Mar 02, 2015 02:42 AM

        YOU’RE A FOOL.

          Mar 02, 2015 02:52 AM

          Just point that fat finger back at yourself and keep smiling in the mirror. 🙂

            Mar 02, 2015 02:13 PM

            SORRY………………..NONE OF MY FINGERS ARE FAT.

            Mar 02, 2015 02:19 PM

            Would not know it by your CAPS-LOCK problem! Ha Ha Ha Ha!!!!!

            Mar 02, 2015 02:20 PM

            Excellent reply below Birdman you had me falling of my chair

        Mar 02, 2015 02:59 PM

        Bullion Banking Explained

        Imagine, if you will, that the bank can line up three or more producers and others who want to borrow this gold. All
        of a sudden, that one ounce of gold is now involved in half a dozen transactions. The physical volume involved has
        not changed, but the turnover has multiplied. This is the basic building block of bullion banking. This admittedly
        rudimentary outline of bullion banking holds the key to understanding how bullion banking allows for a multiple of
        trades to be based on one lot of metal.
        Many banks use factor loadings of 5 to 10 for their gold and silver, meaning that they will loan or sell 5 to 10 times
        as much metal as they have either purchased or committed to buy. One dealer we know uses a leverage factor of 40.
        (Long Term Capital Management had a leverage factor of 100 when it nearly collapsed in 1998.)
        A bank does not even have to be buying gold at a particular time to be able to use it as collateral against which it
        can trade, sell forward, and lend gold. If a bank has gold held in an unallocated account, or a forward purchase on

        http://www.gata.org/files/CPMGroup-BullionBankingExplained.pdf

          Mar 03, 2015 03:07 AM

          True, Marked…but tell me an asset class where this is NOT the case these days.

    CFS
    Mar 02, 2015 02:11 AM

    Lawrence, price suppression requires some physical gold, so it cannot go on forever as stockpiles of physical disappear.

      Mar 02, 2015 02:20 AM

      Agree, even it may take long time. So price may ether jump or go progressively higher when the stockpile is reaching its end.

        Mar 02, 2015 02:22 AM

        So I treat it as a life time opportunity instead of commiting to any gold bug theory. I am more concerntrating on silver.

          CFS
          Mar 02, 2015 02:48 AM

          Call me Cash For Silver!

          Mar 02, 2015 02:21 AM

          Which is not doing badly right now, by the way!

    Mar 02, 2015 02:25 AM

    CFS,
    There is another side to that coin. What if there is massive amounts of physical that just shows up? Hmmm ( perhaps in a new financial system maybe… )

    Might want to listen to the podcast Andy Miguire did that
    Marketofuture brought in….

    Mar 02, 2015 02:54 AM

    **** SO MANY NEW PHYSICAL EXCHANGES ARE OPENING THIS YEAR THAT ALL OF THIS PAPER BULL WILL BE REVEALED AS NOTHING BUT…….BULL. BEHIND THE SCENES, everyone now knows that the WEST is out of GOLD and they are now setting the STAGE to reveal this FRAUD for what it is ……………..this WILL all happen this year 2015.

    ***** PLEASE NOTE: That there is ONLY enough PHYSICAL GOLD in the whole world to fill the WASHINGTON MONUMENT 1/3 of the way up. ********** THIS IS WHY THEY ARE SO NERVOUS !!!!

      Mar 02, 2015 02:04 AM

      You are correct Mark. That’s about to happen!

        Mar 02, 2015 02:14 AM

        Are you kidding!!!!! You think the Chinese and the Shanghai exchange are working on behalf of the American gold bug community or something? Preposterous. That is hysterical. If anything, price manipulation will hit new all time highs and price suppression (if it even exists) will just become more extreme. Those guys are working in their own best interests and those interests happen to coincide with the desires of most Central Banks to keep a lid on gold, not send it rocketing higher. Don’t you even understand that a surge in the price of gold means that the Fed’s inflation targets will be exceeded by a large percentage nor that the dollar would abruptly devalue? And don’t you appreciate that nobody wants the dollar to fall at this stage when the US economy is the only one holding up trade fro most of the globe? Why would the Chinese encourage a dollar in decline anyway when they have so much to lose if it does fall? There are good reasons why China keeps quiet about its gold holdings and the dollars value is just one of them.

          Mar 02, 2015 02:19 AM

          THEY ARE NOT WORKING FOR THE GOLDBUGS, GET THAT OUT OF YOUR HARD HEAD………….THE CHINESE AND RUSSIANS ARE WORKING FOR THEMSELVES……………SO ARE YOU KIDDING ME !!!!!!!!!!!!!!!!

            Mar 02, 2015 02:23 AM

            Really? So why will the new exchanges change anything? Please fill me in on the details (you are wrong by the way).

            Mar 02, 2015 02:26 AM

            …….WAKE UP………THEY ALREADY GOT 90 other countries on their SIDE………it’s going to be a NWO alright………ONE THAT IS SLIPT IN HALF……..WITH THEM ON THE WINNING SIDE…………….FACE IT…………….THE WHITE SHOE BOYS ARE NERVOUS………….THEIR GAME OF GOLF ON THE WEEKENDS IS COMING TO AN END……..AND YES , WHEN IT COLLAPSES AND IT WILL…………SALLY WILL GET RAPED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

            Mar 02, 2015 02:35 AM

            Pretty sure Chinese and Russian are working to defeat US as the world power. China will chose to coexist for long time but when it comes to the final moment, they could not care less to their US dollar holding. China has a policy of currency bonding since Deng Xiaping time, when they realized that US will not allow another country to come close to it. So he invented the mutual destruction tactics. They consider the US treasury as the insurance policy and subsidy to exporters. They will be happy to lose it if it means China can get US out of the way. This is what I heard.

            Mar 02, 2015 02:54 AM

            That’s funny Lawrence. I really mean that. I burst out laughing at your comment because it was so uninformed!

            Mar 02, 2015 02:03 PM

            Mark, you can’t tell bird anything he knows it all, you can try but it won’t do any good.DT

            Mar 02, 2015 02:11 PM

            CCP leaders were talking about mutual destruction and currency bonding many times. I am not sure what you are laughing at. I am a Chinese I understand what currency bonding means. The Chinese name is 货币捆绑政策. Check it out. Remember China wants world dominance as well. China has been the center of the old world in the east sphere as it said, “as far as house can run” or “land under the sky” “天下”. Any Empreror has been aimed to rule it. It is very uncomfortable for China to submit to Western rule. People fought hard to resisted western alliance (including Japan) invasion between 1842-1945. Ten of millions lives were lost. So China remains the only major country not colonized by Western powers. The name of China is Zhong Guo (中国), meaning Central Empire. You can find a Chinese guy there to ask what ZhongGuo really means.

            Mar 02, 2015 02:37 PM

            Good point about the lack of colonization, Lawrence!

            Mar 02, 2015 02:16 PM

            Resisting to western rule is also the main reason China fought the Korean war and Vietnam war againt the most powerful nation at the time. Bird, you may need to find out how other powerful countries think. Countries in East Africa may not be typical on this.

            Lawrence…..thanks for the info………….interesting………………..j

            Mar 02, 2015 02:42 PM

            Yep, Lawrence’s comments are interesting!

            Mar 02, 2015 02:38 PM

            You are welcome J. I hope to offer some different perspectives.

            Lawrence….some of us need some different perspectives………j

          Mar 02, 2015 02:32 AM

          BECAUSE WITH THE NEW EXCHANGES THE WEST WILL HAVE TO ARBITRAGE WITH THE EAST WHO WILL AND DO HAVE THE MAJORITY OF THE GOLD. SO IF THE EAST SETS GOLD AT $2200 AND THE DUMB ASS WEST SETS IT AT $1200…………..WHERE DO YOU THINK ALL THE TRADES AND SELLERS ARE GOING !!!!

            Mar 02, 2015 02:36 AM

            I certainly hope that MY golf game is not affected!

          Mar 02, 2015 02:35 AM

          Agree about the US dollar Bird.

            Mar 02, 2015 02:54 AM

            Go dollars!

          Mar 02, 2015 02:47 AM

          Money is always minor to the communist party. They care about their power. They can always print it. China does not have much to lose when dollar fall. Chinese communist party never care about money because they only desire power. Money may mean a lot to individual officials but for the central committee it means nothing. It is why CCP never cave to business and never want donations. They only want to hold on to army. It is crucial. The only worry is people’s revolt and they try to appease to public desire by offering better employment opportunity and more business opportunities. I realized how much government wants money after I got here. I was shocked that CRA tried very trick to get more money from me by procedural issues.

            Mar 02, 2015 02:32 PM

            Interesting comment, thanks Lawrence.

          Mar 02, 2015 02:32 PM

          Bird,
          You’re wrong

            Mar 02, 2015 02:34 PM

            Wrong about 18 posts up.
            Lol

            Mar 02, 2015 02:33 PM

            Wrong about what?

      I agree with MARK AND Chartster……………………..ditto, ditto, ditto, ditto,
      there you go Mother goose……………I have 4 dittos today……LoL

    Mar 02, 2015 02:07 AM

    I’ll have to disagree this time that this can go on forever.
    With excessive money printing comes excessive credit expansion,which you referenced with the current debt situation.
    The U.S has been “fortunate” the bond rates are where there at now,partly due to the financial situation with the rest of the world.
    At some point this will reverse and thew result will be inflation.
    This is where things will get interesting.
    A reminder that always comes to mind when you put the smartest people together concerning financial markets is the Long Term Capitol Management fiasco.
    Sometimes you need “Joe Sixpack” around to remind everyone which way the wind is blowing.
    I look at the Fed and I cannot see Joe.

    Mar 02, 2015 02:08 AM

    I have no clue of how much there is though. I do know there is a lot more than we are being told.

    Mar 02, 2015 02:12 AM

    John,
    The fiat debt based system won’t last forever. Even though most on this site thinks it will.
    All I can say is, expect the unexpected.

      Mar 02, 2015 02:23 AM

      I am not sure that the majority on this site feel that the fiat debt based system will last forever.

    Mar 02, 2015 02:10 AM

    Al,
    I guess forever might be a bit strong.
    If you don’t see what’s coming, is it a black swan?
    Hmm

    CFS
    Mar 02, 2015 02:16 AM

    Maybe the Benghazi cover-up is falling apart…..
    http://downtrend.com/robertgehl/msnbc-now-admitting-there-may-be-something-to-benghazi

    But then again, does anyone watch MSNBC anymore?

      Mar 02, 2015 02:37 AM

      I try to get information from as many sources as possible.

      CFS…….I will be .glad to see Hillary on the hot seat……along with her so call charities , she is the one of the biggest con jobs going……………………

        Mar 02, 2015 02:33 PM

        Maybe Jerry, but she will be the next president. The R’s just don’t have it together!

          Mar 02, 2015 02:29 PM

          I hope you are wrong, BA

    CFS
    Mar 02, 2015 02:42 AM

    Could NY be getting desperate for physical?
    http://www.myfoxny.com/story/28238870/4-million-in-gold-stolen-from-truck-in-north-carolina

    (Just a little light humor)

    Mar 02, 2015 02:01 PM

    ***********ALSO NOTE: That there have been several BLACK SWAN EVENTS since the START of this YEAR, as well as ongoing very BAD ECONOMIC NEWS that pushed the PRICE of GOLD right up to $1308………….as soon as it hit 1308……THE RIGGING BOYS went to work on it, with basically NO REAL NEWS……………SO WITHOUT THEM…………RIGHT NOW, the REAL PRICE OF GOLD would be well over $1400……..and THEY KNOW IT……………….LIKE I SAID ……..WELCOME ………to the NEW EXCHANGES……………because the WHOLE WORLD KNOWS WHAT IS GOING ON NOW !!!!!!!!!!!!!!! **********

      Mar 02, 2015 02:35 PM

      Mark, would it be fair to say that gold, like any investment, can have a negative month? Gold had a strong november – December – January. So perhaps investors took profits and went elsewhere, like conventional stocks which climbed about 6% in February. There were also expectations for rising interest rates throughout February, looking at what happened to Treasurys. That is a negative for gold, too, in the eyes of investors. Could be a myriad of reasons for people to sell gold. Does not have to be evil manipulators that caused a bad month for gold.

        Mar 02, 2015 02:02 PM

        DON’T BELIEVE THE BULLS#@T……………..I MEAN, HYPE.

    Mar 02, 2015 02:08 PM

    “SO GO AHEAD…….LET THE RIGGING BOYS PLAY WITH THE PRICE OF GOLD ALL THEY WANT. THEY KNOW THAT THEIR DAYS ARE NUMBERED !!! EVEN ALAN GREENSPAN AGREES WITH ME.”

      Mar 02, 2015 02:23 PM

      No he doesn’t!

    CFS
    Mar 02, 2015 02:15 PM

    http://xrepublic.tv/node/12454

    Still like “Net Neutrality”, Suckers!

      Mar 02, 2015 02:38 PM

      You like Net Neutrality?

    CFS
    Mar 02, 2015 02:23 PM

    Do you ever wonder why ISIS wins so often?

    Clearly their ruthless “take no prisoners” attitude scares opposition, but they also seem to have an endless supply of US made weaponry.
    https://twitter.com/Charles_Lister

      Mar 02, 2015 02:39 PM

      They do have an awful lot of weapons!

        LPG
        Mar 02, 2015 02:33 PM

        They have “people”/countries who supply them plenty of them indeed – aside those they take themselves.
        LPG

    CFS
    Mar 02, 2015 02:06 PM

    Meanwhile up in space:

    http://www.telegraph.co.uk/technology/news/11444155/US-military-satellite-explodes-above-Earth.html

    Spike in temperature noticed before satellite exploded.

    Was a laser weapon used against a “weather” satellite?
    Just asking…..

      Mar 02, 2015 02:30 PM

      Us space program has suffered many set backs recently. Several launches failed as well.

        Mar 02, 2015 02:43 PM

        Just like gold. Hey..maybe they are correlated.

          Mar 02, 2015 02:07 PM

          Gold has more of these failures, by far.

    Mar 02, 2015 02:54 PM

    LOOK AT THAT………….GOLD WAS UP AS HIGH AS 1223 DURING INTRADAY TRADING………..SO WHAT DID THEY DO………..WELL, THEY MANIPULATED THE PRICE DOWN $13 to 1205, again on NO NEWS if anything on MORE BAD ECONOMIC DATA , ISM MANUFACTORING AND CONSTRUCTION SPENDING WAS DOWN…………so WHY was GOLD DOWN………….I’ll tell you WHY……………because they RIGGED IT DOWN………..so again with that being said……………HELLO DUBAI EXCHAGE and the SOON to be UNNAMED EXCHANGE. WELCOME !!!!!

      Mar 02, 2015 02:10 PM

      SEE…………..THIS IS WHY THIS HAS TO BE TAKING OUT OF THE WEST HANDS……….BECAUSE THEY ARE GETTING CARRIED AWAY WITH IT………….AND THEY ARE TURNING THESE MARKETS INTO ONE BIG FARSE……………SO JUST LIKE ANY BAD KID THE EAST NOW HAS TO TAKE IT AWAY FROM THEM.

        Mar 02, 2015 02:23 PM

        ONLY 1 MAN can save the world ! https://www.youtube.com/watch?v=WnmhhP6v8N8

        Mar 02, 2015 02:10 PM

        Don’t be too excited. They need to flash out Gary et al. who always have a tight stops under key support level before they can move up. Otherwise they got a big monster biting their rear. LOL.

    BDC
    Mar 02, 2015 02:11 PM

    Latest Joaquin Flores analyses:

    American Power (March 2nd)
    https://www.youtube.com/watch?v=veCrDuCY7rM

    Ukraine (March 2nd)
    https://www.youtube.com/watch?v=koKE5TLKVx8

    Nemtsov (March 1st)
    https://www.youtube.com/watch?v=cccAJcsOIzg

    [Ignor Soviet anthem …lol.]

    Mar 02, 2015 02:21 PM

    Seems they keep penetrating 2000 to induce stop loss.

    Mar 02, 2015 02:47 PM

    Do you think its possible that the U.S. are taking the gold from all the Country’s that we have gone to war with in the middle east? Perhaps we sold all of Fort Knox’s gold in the past but now we’re replacing it. Maybe when we get Syria’s gold we’ll stop the manipulation. Just a thought.

      Mar 02, 2015 02:19 PM

      I don’t think so.

    Mar 02, 2015 02:23 PM

    concise

    Mar 03, 2015 03:08 AM

    I kind of remember that when we invaded Iraq one of the first things we did was secure the gold Saddam had. And I believe the same for Libya.