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Can this drop today in the markets be part of a much bigger move?

March 10, 2015

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Discussion
158 Comments
    Mar 10, 2015 10:52 AM

    Gary–you don’t sound too worry about the looming threat of a rate hike in June, why?

      Mar 10, 2015 10:46 PM

      I don’t think there will be much of a rate hike in June. If the Fed does a “token” 25 or 50 point increase that is really nothing, and just window-dressing. If they hike rates much more than that it will strengthen the dollar too much and destroy the economy (especially the multi-national corporations).

        Mar 10, 2015 10:45 PM

        I know there won’t be much of a hike, but with last week’s phony job report the Fed will have to raise hikes a little. I’m more concerned with what the stock market investors will do with even a small hike. I’m seriously considering buying into the next rally up, and with my bad luck afraid I’ll get caught in the next crash.

      Mar 10, 2015 10:28 PM

      Jane,
      I heard the same stuff back in 2004. The Fed raised rates and nothing bad happened. The same thing will happen this time.

        Mar 10, 2015 10:09 PM

        Thanks

    Mar 10, 2015 10:53 AM

    I think… we’re gonna fill a downside gap on the $QQQ at around 105.

    I think… $USO is gonna close above $20 by mid April.

    Other than that, I’m trying not to think too much 🙂

      Mar 10, 2015 10:15 AM

      USO is suffering a continuous loss due to future contango.

      Mar 10, 2015 10:08 AM

      Could be the start of the “bankruptcy phase” Gary’s been talking about.

        Mar 10, 2015 10:13 AM

        Let’s hope so. Better to be massive. It really does not make sense to take on debt and produce.

          Mar 10, 2015 10:21 AM

          If it is, better to stay clear of the sector for a little while. Furthermore, the TSX-V needs to drop all the dead-weight companies. Too many companies doing PP’s just to keep the lights on and not working on their properties. The V should put some sort of rule that says that a company that does not use their PP money to further exploration on their properties, to be immediately delisted.

            Mar 10, 2015 10:29 AM

            I think the rule this year is if they owe money to lawyers and accountants, they will be delisted. Around 600 are like that I heard. Good for them. RIP

            Mar 10, 2015 10:30 AM

            Didn’t know that, Lawrence. Thanks.

          Mar 10, 2015 10:29 AM

          I agree, Lawrence. I have my eye on HMY if they survive the downturn. No debt and depressed price sounds beautiful!

          Mar 10, 2015 10:02 AM

          I AGREEE… let it come…. let it come.

      Mar 10, 2015 10:02 PM

      Oh but super Bob said last summer I think….It was going way back up! LOL what an authority….Like I said you are playing with fire with these ticking time bombs.

        Mar 10, 2015 10:17 PM

        Actually Bill it was November of 2013 when I said.

        Allied Nevada Gold (ANV-T) is highly leveraged to gold and as such has gotten creamed since gold hit a high in September of 2011. The stock was $46 a share then and $40 a share as recently as a year ago. I made my mind up to do an article such as this on Tuesday of this week when I met with Carl Pescio at the San Francisco Gold Show. His shares were $3.26 when we talked and even I thought that was pretty absurd.

        Markets go up and markets go down. The gold market went up every year from 2001 to 2012. Nothing else has ever gone up 12 years in a row and gold isn’t about to go up 13 years in a row. All markets correct. Gold went down more from 1975 to 1976. But I can’t remember seeing any market where really good companies go down 94% such as ANV has.

        The company has put in a number of cost cutting measures and is still making a profit. I like the management, I like the project and if you believe gold will go up, Allied Nevada is going to lead the pack higher.

        Allied Nevada Gold Corp.
        ANV-T $3.50 (Nov 29, 2013)
        ANV-Amex 103.94 million shares
        Allied Nevada website

        Bill If you would learn to take a profit when you have one, you could stop trying to blame everyone else for your bad decisions. Allied Nevada doubled in the four months after I made those comments and anyone who knew how to trade made a profit.

        You need to stop blaming others for your investment decisions.

    Mar 10, 2015 10:13 AM

    I dunno. The market is just coming off its highs. It has been at the top of its trend channel so now maybe it is going to the bottom of it.

    Mar 10, 2015 10:16 AM

    NO COMMENT………..

    Mar 10, 2015 10:19 AM

    It’s interestin ghtta the German DAX is up at the moment for today while the FTSE100 and the Dow are down heavily.
    Currency depreciation in the Eurozone is making Germany very competitive indeed I would guess.
    The UK doesn’t produce anything much, so it is well into a permanent trade deficit, especially now UK oil production is in decline.
    So even though the pound is down today, the FTSE is not going up; it has tanked today.

      Mar 10, 2015 10:22 AM

      I have a sneaky feeling that the Germans are happy to string the Greek issue along and keep kicking the can while the Euro depreciates so they can compete with Japan, one of their major trade rivals in many areas, perhaps their number 1 trade rival that has trashed its currency since late 2012.
      BMWs vs Toyotas, Mercedes vs Lexus, BMW motorbikes, vs Honda, etc.

      Mar 10, 2015 10:23 AM

      The UK also has a massive property bubble. Have to keep an eye on that as well.

        CFS
        Mar 10, 2015 10:13 AM

        More in London than the provinces.

          Mar 10, 2015 10:25 AM

          Yes, you’re correct on that.

        Mar 10, 2015 10:19 AM

        The people in the UK, are not going to do a thing about it.

      Mar 10, 2015 10:25 AM

      US deficit is getting worse as well and fast. It is many times larger. The national debt is going up 1.1 trillion a year even the fiscal deficit is only 400 billion. Go figure. Where did the rest go. It is projected to have 20% increase this year. Holy.

        Mar 10, 2015 10:29 AM

        The leaders in the U.S. have completely abandoned the ship. They only care about the kickbacks and the golden parachutes now.

      Mar 10, 2015 10:31 AM

      Armstrong is saying that the DAX is up because people are hoping that being in German stocks will give them Deutschemarks after the Euro collapses (makes sense). He doesn’t think it will necessarily preserve the capital though.

      Mar 10, 2015 10:40 AM

      THAT IS A BIG ONE……………

        Mar 10, 2015 10:41 AM

        THIS is going to be bigger than the real estate problem…..

        Mar 10, 2015 10:46 AM

        FREE TWO YEAR COLLEGE FOR EVERYONE.

          Mar 10, 2015 10:50 AM

          WEEEEEEE!!!!!

          Mar 10, 2015 10:04 AM

          ALL the free education will be taught by TA……TEACHING ASSISTANCES
          who are not qualified to instruct at the COLLEGE LEVEL……
          Colleges in the US, are already using this technique to save Millions, while the students are given inferior educations….It IS ALL READY A JOKE, and will become even more so.

            Mar 10, 2015 10:12 AM

            In all honesty, I’ve never been to college so I don’t know how the system worked in the past and how it works now. And my two children didn’t go to college; they decided to follow their parents in the family business.

            Mar 10, 2015 10:18 AM

            You are forgetting about internet classes. Wait until these become popular on campus. In my college days many years ago, teaching assistants were prevalent at many colleges and these were not cheap colleges. But I do agree, more will be taught by teacher assistants.
            Totally agree, will become more of a joke. Govt. will become involved in more private equity colleges giving money to these corporations. Notice the frequency of certain university adds on TV?

            Mar 10, 2015 10:20 AM

            TEACHING ASSISTANTS OF OLD…..are not the same today

            Mar 10, 2015 10:22 AM

            IF , you look back, the teaching assistance of old, were grad students, under the direction of a PHD, and the PHD, was still in the class room.

            Mar 10, 2015 10:23 AM

            TODAY….the TAs ..are the teachers, with little experience….and certainly do not have a PHD., and as high as the tuition is …..A PHD, should be teaching ALL the classes.

            Mar 10, 2015 10:31 AM

            RICHARD……….it is happen at this moment, at major universities ….I know because my son was a LATIN TEACHER at major university, without a MASTERS, and was teaching the freshmen……..THE PHD are in trouble in every university, bar none. Talk to some of the PHD that are being eliminated,,,,,by the SPORTS COACHES.

            Mar 10, 2015 10:34 AM

            MICHIGAN UNIVERSITY ….just hired the FOOTBALL COACH FOR $8 MILLION A YEAR, …how many PHDs make that……..It is BIG BUSINESS, not EDUCATION, half the players can not even spell their name…………

            Mar 10, 2015 10:40 AM

            J, college sports is big business. A lot of $$$ involved. It’s a perfect example of what the U.S. has become- it’s all about the money.

            Mar 10, 2015 10:49 AM

            chris…………that is exactly what I SAID…….it is not EDUCATION, BUT BUSINESS, and the students are paying for it………

            Mar 10, 2015 10:52 AM

            FOR GET THE FREAKING SPORTS…….and the two do not match,……It is just part of the ROMAN EMPIRE MENTALITY…..a free lunch to one, cost somebody else.

            Mar 10, 2015 10:53 AM

            Again……..sorry for the rant…………..

            Mar 10, 2015 10:59 AM

            I guess if we want to talk about BIG BUSINESS….google up stadium in the US, and see who is FUNDING the stadiums of the SPORT FOOTBALL TEAMs….., the citizen tax payer, thru bonds and sales tax……………..even if you do not go to the game you are taxed through sale tax .

            Mar 10, 2015 10:17 PM

            Good point, I didn’t realize the TAs were not as qualified in today’s schools. Supports point even more.
            Yes, back in my day, professors were PHDs and TAs were master’s degree students, or students working on PHD.

            Mar 10, 2015 10:45 PM

            I was doing TA for five years while working on my PH.d. For labs and assignments, TAs are better than profs. My wife said TA taught her more than profs. A lot of profs don’t care about teaching.

            Time might have changed.

            Mar 10, 2015 10:05 PM

            Where did you get your phd………

            Mar 10, 2015 10:10 PM

            I will have to say this……MY son is teaching some PHD things in Greek and Latin, even they do not know……….so, maybe your wife was lucky and had a great teacher like my son…………….

            Mar 10, 2015 10:20 PM

            I was doing it in Canada. Most the TAs are in math and science. This is what she means. I think it is because profs lectured in the big class room and TA got to teach student individually. I am not saying TAs knew better. They don’t. But they can help students to solve particular problems.

          Mar 10, 2015 10:48 PM

          Jerry, free is good I think I’ll go back to college and take the course Irish is in, door knob polishing 101!

            Mar 10, 2015 10:52 PM

            Irish, has graduated to DKP 102….removal of silver plating and tarnished images..

            Mar 10, 2015 10:07 PM

            Jerry, Irish only graduated because he had knee pads on, and lipsil in his top pocket!

      Mar 10, 2015 10:56 AM

      What is going on in that country, just pretend to be capitalism? Socialism fails when other people’s money dries up.

      CFS
      Mar 10, 2015 10:11 AM

      Would not changes in law take Congressional legislation?

        Mar 10, 2015 10:42 AM

        You have already said KING OBAMA….is going to write anything he wants with the Executive Order., Congress is being paid to be asleep.

          CFS
          Mar 10, 2015 10:23 AM

          Emperor or Empoorer of the People.

            Mar 10, 2015 10:35 AM

            Profit for big business and loss for the people.

    Mar 10, 2015 10:39 AM

    well so much for Gary call of dollar top and pullback over a month a ago at dxy 94. this was an obvious launching pad irrespective of cycle bottoms at the time. These cycles whether full, half, quarter etc are nothing than babble gab. The Fact is we are in a currency war, money goes where it gets best return, the only place is USA as elsewhere there is negative or no return plus depreciation. This has and continues to be the case for months, and if anything, with rate increase potential in US vs lowering in rest of world there is no current sight of change. Don’t need cycle analysis and empty speculation by paid experts who lose you money to know this.

    As a consequence all other calls by Gary on oil are equally wrong. The cycle bottom proclaimed in first days of February was a top not a bottom, oil has gone down since and is testing that low again. as for gold, well the call is for every directions possible so it’s hard to be wrong.
    Now the call is for a blow off top, and has been for some time. Well, at best you will get relief rallies and chop until the wheels fall off into late fall

      Mar 10, 2015 10:45 AM

      Hi John and you didn’t mention gold. The gold:oil ratio has been way out of whack. It has been up to 29, now is 23, still very high and has head and shoulders patterns on it. Target would be about 17 for the head and shoulders, still above historic average nearer 15.
      Frank Holmes on Kitco sounds bullish gold but he didn’t factor in that gold:oil ratio is way too high. If oil is not going up then gold is going down and faster.

      Mar 10, 2015 10:29 AM

      We are in the middle of a major currency war. The powers to be that control the media do not let this topic get much press. The Yen is dead. The Euro is dead. These have fallen dramatically without even a bounce. I would not short either of these here. Cycle or not, they need further evaluation here for first in a long time bounce soon approaching. Although this extreme move does not bode well for the future.
      As for commentary, take in what you here and filter the content. The idea is that his comments may spark ideas in your mind. I would not blindly follow any one persons advice as this is dangerous. As of late, I have been on the other side of Gary, but I still enjoy listening to his commentary and many times are views align. That’s what makes the market.

    CFS
    Mar 10, 2015 10:56 AM

    The difference in Europe is that the DAX is the safest European Stock Market…….It is safest because there is a possibility that Germany will pull out of the Euro if Greece is not kicked.

      Mar 10, 2015 10:34 AM

      And that Germany is one of the most solvent and productive European nations!

    CFS
    Mar 10, 2015 10:06 AM

    I see Hillary’s standing mode of Operation is in full play. When she’s in trouble; she goes to the UN and gives away lots of US taxpayer’s money.
    How the White house spoke’s idiot Earnest can claim the president did not know Hillary was using a private email account is ludicrous.
    hillaryclinton.com does NOT end in .gov. Even the US’s “most intelligent President ever” must have realized that!
    And why has not the Attorney General ordered seizure of her server and started an investigation? (Or is Holder not allowed out of the president’s pocket?

    CFS
    Mar 10, 2015 10:09 AM

    WSJ poll states 86% of democrats would vote for Hillary for President.

    CFS
    Mar 10, 2015 10:22 AM
    Mar 10, 2015 10:30 AM

    The WSJ and Christian Science Monitor used to be the two best newspapers in the US. The CSM stopped their excellent daily paper and the WSJ has turned into a pure propaganda rag. I really doubt 86% of Democrats would vote for Hillary. The WSJ has an agenda and that has to be taken into account with everything they print.

    A few days ago Al talked about an article in the WSJ about the intelligence gained in the killing of OBL when a lot of people realize that whole operation was a false flag and OBL died in December of 2001 and it was reported at the time. The US government gave us the choice of five different versions of the raid and none of them made any sense. The WSJ is now a rag, not a newspaper. Read it with grain of salt.

      Mar 10, 2015 10:50 AM

      Bob:
      What’s your opinion of James Webb? I’m waiting for him to at least offer someone instead of Hillary. Then there is Warren and there are a few trying to get behind her. Then there is the statement or question: Would it really matter in the long run?

        Mar 10, 2015 10:59 AM

        I’m not big on politics at all but James Webb is intelligent and has done a lot for his country. I like him a lot.

        It’s end of Empire and we have already gone off the cliff, all that remains is the crash landing. I don’t think anyone could save the US now.

        If there actually were a real candidate, the news media would crucify them as they did with Ron Paul in the last election.

        We need to start all over. I suspect David Morgan and Armstrong are going to be pretty accurate in their call for a major crash in September that will make 2008 look tiny. Our financial system isn’t going to crash, it’s crashing right now and most people don’t get it. The entire system is coming unglued.

          Mar 10, 2015 10:01 AM

          ditto to BOB….on the system is coming unglued…….

          Mar 10, 2015 10:43 PM

          Like I said before”the only thing left is the timing” “Ready”

    CFS
    Mar 10, 2015 10:30 AM

    Government efficiency:

    Senator Tom Carper, D-Del., the ranking member of the Homeland Security and Governmental Affairs Committee, stated:

    It is simply unacceptable that our nation’s database of Social Security numbers of supposedly living people includes more than six and a half million people who are older than 112 years of age, with a few thousand having birth dates from before the Civil War. Preventing agency errors by keeping track of who has died is a relatively simple problem that the government should pursue as a high priority.

    But Obama is not worried, he knows they all vote democrat.

    Mar 10, 2015 10:37 AM

    John Smith: with all due respect,
    I think the advice given to us by both Gary and Doc to disembark from the most recent counter trend rally in gold was spot on. I listened to their advice and sold 80% of my gold holdings. This move has saved me 3+K since the downturn began last Thursday. I don’t ever blindly follow their advice, but this time I’m glad they alerted me to the soft gold charts. Thanks to Gary and le Docteur!

      Mar 10, 2015 10:46 AM

      I also took that advice, but not until yesterday with about 90% of my paper holdings. So far, it was a good move. I guess I’m still a believer that many die-hards are holding on, thinking the bottom is near. It won’t be, until a majority of them finally cash in. It’s always a good sign though, that I’m out….I generally hang on too long, but I sleep better, knowing I’ve got a few bullets to fire when the time is right. Best of luck to all.

    Mar 10, 2015 10:41 AM

    John Smith having said that all this prognostication is fluid and has to be taken with a grain of salt. No one is right predicting the future all the time; especially in the markets.
    I wish we could just buy and hold and forget, but we can’t anymore.

    Mar 10, 2015 10:55 AM

    appreciate feedback Richard, Confused among others. Don’t disagree with fact markets are fluid and unpredictable by enlarge. But that is my point, whether it’s Gary or any other pundits claiming to predict the future with surgical precision based on cycles, astro, and many other babble gab assertions and charge people money for this supposed knowledge they should be exposed for what they are. Those who give their best view/guess for discussion or entertainment are not the target. We all have views and enjoy sharing those views but don’t advertise obscure successes as some proprietary knowledge base and then charge for it. No different than carnival snake oil promoters a century ago who fleeced and sickened the naïve with their product.
    It’s time these guys were called out on this site and others for what they are as frauds. The very good thing is this site permits this exposure and does not appear to be complicitous with the fraudsters.

      Mar 10, 2015 10:11 AM

      I think that is uncalled for. How much has Gary, Rick, Doc, Chris, charged you for listening to their daily commentaries on here? Zilch.

        Mar 10, 2015 10:42 AM

        I agree with Bob. They offer a lot of valuable advice on here, investing many hours of their time, and maybe Al pays them but I’ve never had to pay anything for their excellent commentaries. I am very grateful for them and for Al creating this forum. Here here!

        Mar 10, 2015 10:47 AM

        Agree with that. Great point Bob.

          Mar 10, 2015 10:49 PM

          I think we all know John has an agenda. It doesn’t matter how many calls any of us get right, he will always focus on the one we got wrong.

          None of us claim to predict the future with 100% accuracy. No one in the history of the world has ever done that. We just use our tools to try and get an edge. Rick uses his hidden pivot system. Doc uses technicals. I use cycles and sentiment. The combination of all of those systems makes for a diverse look at the markets. Use them as you see fit to make your own decisions on how you want to invest your money. Ultimately it boils down to you. You are responsible for your own trades.

          If you don’t agree then do the opposite of what we suggest. If you are looking for a guru that bats 1000% then keep looking because you aren’t going to find him here.

    CFS
    Mar 10, 2015 10:02 AM

    Interesting article in WSJ today indicating the DoJ now using a different tack to go after conservatives again.

    Why has not Lois Lerner of the IRS been investigated and gone to jail?

    Back in 2010 there were some emails between her and Richard Pilger suggesting she target (my word) Tea Party and other conservative groups and delay any 501c3 applications.

    Now the DoJ is at it again.
    Richard Pilger (Clearly a Democrat Apparatchik) is using criminal conspiracy theory to investigate “illegal coordination” among PACs . Of course he is only going after Republican Political Action Committees. This abuse of federal power allows (claiming that information has been confidentially given to the DoJ that suggests illegal coordination) the agents of the DoJ can go into anyone’s home and get all records and computers, plus put a gag order on that person.
    Unbelievable use of power; even worse that their I.R.S. abuses.

    Mar 10, 2015 10:32 AM

    John Smith; fraud is a very loaded word. I certainly have to disagree with your assessment of classifying missed calls by Gary and Doc as being some kind of snake oil fraud. I would not call my personal financial advisor a fraud if he made a mistake or two that did not go in my way. I also do not consider the folks prognosticating here on the site fraudsters. This is a community of people who share an interest in gold and macro economic/political thinking. I happen not to agree with the a lot of their right of centre political beliefs here on the site, but I do not call them out on their political leanings. I know fundamentally the peeps on the blog are trying their hardest to figure out a world that is really impossible to fully comprehend. Often the truth is found in the grey areas which can be open ti interpretation. Either way I hope you don’t think they are trying to deceive us. I believe they are trying their best which might not be good enough for you.

      Mar 10, 2015 10:51 AM

      And that was a great comment Confused. The guys here have been terrific and really bring a lot of insights each and every show.

    Mar 10, 2015 10:57 AM

    gary has a site with paid subscriptions as do many other ‘experts”. If you pay for a service you expect positive results and naturally should expect your service to come under close scrutiny, whether advice is market advice, tax advice, or any other. This forum then serves as a platform in order to generate interest in the paid site as it is for many other pundits who provide free commentary as a method to gain converts.

    The latest blog on Gary’s site speaks to how past successes don’t guarantee future success. Fair enough, however in Gary’s case I can’t see his implied past successes in calling the markets but he puts himself in that camp. This is misleading as it would be for anyone buying a service based on past performance trying to pick a winning pundit.

      Mar 10, 2015 10:12 PM

      John, I think the idea is to listen the different perspectives and ideas that are brought forward by the group and then use your own knowledge to add it up and calculate the best odds for a trade. Personally I find the insights that come up here daily are invaluable and they help keep me balanced when my mind is wandering off on a tangent that might otherwise get me in trouble. I guess what I am saying is nobody has all the answers so its great to have a community brain trust to access like this site offers. Speaking for myself I have to tell you that I think Gary has hit it out of the park on more than a few occasions. He drives me nuts with his manipulation theory but he is a very bright guy and I enjoy tuning in and listening to him.

        Mar 10, 2015 10:43 PM

        +1

        Mar 10, 2015 10:31 PM

        Hey Birdman
        Why don’t you go on Gary’s paid subscription and take some of his recommendations and see how your bank account holds up.
        When its all said and done you won’t like the taste of that pudding 🙂
        Never mind the talk just subscibe and then report back to us with a smile 🙂

        Peter

      Mar 10, 2015 10:51 PM

      John,
      We did 16% last year. Easily beating the S&P.

    Mar 10, 2015 10:13 PM

    John,
    I am aware that both Rick and Gary are promoting their businesses through the Korelin website. It is not a deception in my books. Alway good to be transparent though.

    Mar 10, 2015 10:27 PM

    TRUE THAT BIRDDIE!

      Mar 10, 2015 10:43 PM

      Cheers man. Al has a great group of guys here each day.

    CFS
    Mar 10, 2015 10:36 PM

    Well, I just watched Hillary Clinton lying twice to my knowledge at a press conference about her emails:
    1. She said her private server was on guarded Clinton property and well secured and had never had any security breaches.
    The follow-up question NEVER asked by the reporters is:
    How come the very fact that the public knows she was using a private email system was divulged by a Romanian hacker who breached her system? Had that not happened the public would still be unaware that she was using private email and her own server, which is not accessible to the DoJ.
    2. By her own number she sent 60,000 emails in 10 years about half private. That works out to about 16 per day.
    The question not asked again by the press:
    Since you typically send about 16 emails per day, and there exists coverage of you typing into your blackberry while visiting Libya, how is it possible that no work-related emails exist for the day before your trip to Libya, while on the plane to Libya, nor while you were in Libya, and not from the plane on leaving Libya?

    My explanation, is that she had in her emails which she sent something that is in total conflict with her public statements at the time blaming the death of the Ambassador and others to a movie about Mohammed ; which she knew was untrue. It is also possible that her emails contained something about the gun-running Obama was believed to be doing through Libya to Syrian rebels at the time.

      Mar 10, 2015 10:53 PM

      60,000 emails? Wow, she is prolific. That is more pages than even the print version gold-embossed, leather-bound, 32-volume Encyclopaedia Britannica which runs at a mere 33,000 pages in total. And the Britannica folks had 2300 employees at its peak! So basically Hillary is amazing.

        Mar 10, 2015 10:49 PM

        Maybe most of her emails were just “Hugs” or “LOL”?

          Mar 10, 2015 10:09 PM

          Or the ever popular +1 maybe? 🙂 But seriously….60,000 emails? That’s incredible. Getting back to the encyclopedia Britannica, it has an estimated 40 million words in its 33,000 pages and yet Hillary has penned more than double that number if we assume each letter she wrote had only the average number of words found on a page of 12 point text. Even Winston Churchill who was one of the most active of political writers only put out some 10 million words in his 40 books of life and times. So Hillary ranks right up there at the very top and it tells us something of the amount of energy she has.

            Mar 10, 2015 10:19 PM

            Did I mention that Hillary is still kind of sexy? Ok….Ok….. I am not 21 anymore!

    Mar 10, 2015 10:42 PM

    So we got a new 52 week low in GDXJ today and FRESNILLO also got a new 52 week low.

      Mar 10, 2015 10:58 PM

      Yup, and GDX looks sure to follow as it has also broken down from its channel. “Set ’em up and knock ’em down” is what they used to say in the days of bowling alleys. Speaking of which, I kind of have a hankering to send a few pins flying but since the internet nobody seems to play it anymore. Thank God pool halls have not died yet.

      Mar 10, 2015 10:19 PM

      Seems September is an important month. Let’s see.

        Mar 10, 2015 10:28 PM

        Yes, the rugby World Cup.

          Mar 10, 2015 10:15 PM

          I really don’t get the whole September thing except that it is when the Shemitah happens. Otherwise I am in the dark about why it is important. David Morgan also mentioned it in his USA Watchdog interview and seems to be following along with other who keep noting that as a critical timing point……but you know what?…..when everyone starts calling the same date then everyone will be wrong.

      Mar 10, 2015 10:27 PM

      To fight Russia, US may need one million troops. I can see only two countries which US fought before come close to Russia. One is Japan and the other is Germany. But Russia was engaged in the most important battles with Germany and fight Germany for 4 years. China attracted the majority of Japanese troops and fought Japan for 12 years. I am sure France and Germany will not help US to battle Russia. If I am a German, I will run away from any Russian soldier. Even they do, they cannot help much. I think US is trying setup a war for EU to fight.

        Mar 10, 2015 10:36 PM

        You wrote: “I think US is trying setup a war for EU to fight.” You might be on to something. A few days ago this article appeared on Zero Hedge:http://www.zerohedge.com/news/2015-03-08/natos-not-enough-president-juncker-calls-creation-eu-army-react-credibly-russia

          Mar 10, 2015 10:07 PM

          They tried this a couple of years ago to provoke Japan to fight China. Japan tried at beginning and chickened out after China showed some toughness. Now US is still trying to get Japan involved in South China sea saying Japan has responsibility for the defense of South China Sea. What has that to do with Japan, a defeated nation. It seems the best strategy to be the best looking house in a bad neighborhood is to stir up trouble in every other corner. LOL.

        Mar 10, 2015 10:01 PM

        Don’t ever, ever fail to recognize the North Vietnamese as a superb army. We never did learn how to win with them. We were still applying what we learned from our war with Japan and Germany, both of whom we eventually defeated. If memory serves me…….we lost in Vietnam.

          Mar 10, 2015 10:50 PM

          The NVA and their leadership were brilliant. They ran circles around the US. They rarely fought in units bigger than a US company but had men that could crawl through concertina wire and kill the sentries before we ever knew they were there.

          Westmorland spoke to Giap once after the war and said that the US never lost a major battle to the NVA. Giap’s response was that winning battles has nothing to do with winning wars. He was right. Our military “leadership” today is far more clueless and we should pray every night that neither Russia nor Iran fall into the trap we keep trying to set for them. If we go to war again, we are going to lose big time just as we have in every war since WW II.

            bb
            Mar 10, 2015 10:37 PM

            That’s the scary thing Bob, we are going to loose, so in defeat will the Western leadership go nuclear?

            Mar 10, 2015 10:24 PM

            Any nuclear country could take out the US with one EMP weapon at 100 miles over Kansas. If those idiots in the Military Industrial Complex think we have a nice expensive and long war coming, I think they are going to be in for a surprise. I think it will be a short and ugly war.

            Meanwhile the US is trying to convince the world that we are led by brain dead idiots and succeeding.

            “…we have been very clear about one fundamental principal; the Ukrainian people deserve the opportunity to determine their own future.” 
-President Barack Obama Feb 28, 2014

            You just don’t in the 21st-Century behave in 19th-Century fashion by invading another country on completely trumped-up pretext. John Kerry March 02, 2014

            bb
            Mar 10, 2015 10:53 PM

            Yup, kinda sad actually.

    CFS
    Mar 10, 2015 10:55 PM

    Thinking about comments about “What is a safe-haven” investment yesterday.

    Some folks suggested cash is king.

    May I suggest that Swiss cash is a better king.
    a. They have broken the peg with the Euro.
    b. They are the least socialist country in Europe.
    c. The Swiss people don’t waste a lot of money on an army; the Swiss people are an army.
    d. Their primary business is banking, despite having high mechanical capability and swiss chocolate.

    Mar 10, 2015 10:54 PM

    Buy Silver, if they confiscate your gold they won’t take your Silver, IMHO. DT

      Mar 10, 2015 10:17 PM

      Probably right Dick. This is one time I agree with you.

        Mar 10, 2015 10:21 PM

        YOU NOW GOLD IS UP IN EURO’S 100 EURO’S TODAY !

          Mar 10, 2015 10:23 PM

          ON 1 KG !

            Mar 10, 2015 10:37 PM

            Birdman ? IS JAY TAYLOR OK HIM LOVE ALLIED NEVADA ? AL ?

      Mar 10, 2015 10:30 PM

      Watch it Dick..something is up, tweety pie is being nice .
      ..or,… it is the first and last time he will agree with you……..I am probably just kidding ..
      ..HE, is gathering alliances for the spelling bee….ha,ha.

      Mar 10, 2015 10:55 PM

      In 1934 when they rose the price of gold to $35, they also pegged the price of silver from $.24 to $1.29 an ounce and the US government would buy every ounce US companies could produce. It led to a surplus of several billion ounces buy the time WW II broke out.

      But they also required the companies to buy tax stamps on the profit. And they did confiscate silver from individuals.

      https://www.americanstampdealer.com/SubMenu/April_is_Tax_Time.aspx?id=270

      Platinum or Palladium or Rhodium might work but silver won’t.

        Mar 10, 2015 10:06 PM

        Lithium?

          Mar 10, 2015 10:13 PM

          Naw, I would be buying lithium for resale. I’d far rather use it. I think we will need it.

        CFS
        Mar 10, 2015 10:34 PM

        They also refused to honor paper silver. i.e. silver certificate notes.

          Mar 10, 2015 10:59 PM

          No, they honored silver certificates until 1968. The coinage of the US except for the cent and nickel were 90% silver and those remained in circulation. You could always trade silver certificates for silver coins until 1964 and silver granules until 1968.

        Mar 10, 2015 10:54 PM

        Ok Bob, as you look out on the horizon of life and as fate would have it, it is indeed the end of empire, so what’s one to do. Just amuse me for a moment, because I love to hear all of the kooky things people come up with.

        I have long pontificated here (I’m the lone voice) that TPTB in their final desperate fit of derangement and tyranny will attempt to steal every last bastion of wealth from every last available corner of the earth, and even go as far as unleashing a Hail Mary moment which will ultimately lead to these gutless wonders in gov to make the PM illegal to own for Americans both domestically and internationally.

        I stand firmly and unwavering by this prognostication. Whether through 90% windfall profits tax or outright legal extortion the end result is the same.

        Pretty much the entire world has signed on to this disgusting FATCA legislation, so the banking system is completely locked down internationally and privacy totally lost. Now the US is signing up most every nation onto new international tax reporting treaties that closes the circle of privacy even further for everyone of all colors anywhere. Even Russia and China as complete enemies of the US has signed up for this draconian tax reporting tyrannical international legislation. It all one big club and you and me ain’t in it.

        If it isn’t gold and silver, then I can damn sure see where it won’t be Platinum or Palladium or Rhodium.

        Bob the story and its ending has already been written by these deranged bankrupt fools we call gov leaders. Don’t kid yourself, the PTB are not letting any low level commoner get out of this millennial **** storm that awaits us with any shiny coins or bars to claim their imaginary freedom on the other side of global bankruptcy.

          Mar 10, 2015 10:59 PM

          Nice Rant….V………………..I say that with respect…….j…….

            Mar 10, 2015 10:38 PM

            DOES ANYONE ON THIS BOARD LIVE IN THE US……………

            Mar 10, 2015 10:50 PM

            Thanks J.

            Mar 10, 2015 10:00 PM

            That is curious isn’t it Jerry. I have noticed too that most of the people posting here are Canadians or Americans living abroad. The whole globe is represented on this site from Asia to Africa and Europe to the Middle East. But does it mean anything or is it just some guys way of staying in touch with home?

            Mar 11, 2015 11:56 AM

            reminds me of HOME ALONE…………..the movie…..

          Mar 10, 2015 10:03 PM

          I agree they will steal every bit of wealth. They can easily make trading in gold and silver illegal and I think you are right, they will.

          But you don’t have to live in the US, leaving is an opinion. For now.

          I believe they will close the borders both financially and physically. We are close now.

          I don’t give a damn if they bankrupt the world, that’s written in stone. You can protect yourself.

            Mar 10, 2015 10:30 PM

            Ok Bob, now we’re getting down to the nitty gritty. I see you do understand the final implications of what will likely be done as the death throes come into view.

            Of course this is all just a best guess, but there is most distinctly a precedent for these actions.

            You live outside the US as I do. I left many years ago for the same reasons you did. But I’m under no illusions that I reside in a special place. I don’t. Instead of an ugly power hungry American face of injustice and corruption I deal with an ugly power hungry Asian face of injustice and corruption.

            In closing Bob, you still didn’t answer my question………………….what are these options you speck of other than overseas property and some other assortment of physical assets in a world of zero privacy.

            Bob don’t take any of this as being argumentative; I appreciate your thoughts and find these discussions interesting and meaningful. But I do like to keep it real.

            Thanks

            V

            Mar 10, 2015 10:37 PM

            I own gold, silver, platinum, rhodium, palladium and a gold mine and I don’t live in the US. If those bastards find 90% of it and manage to steal it, I could live off my belt buckles long enough to get back on my feet.

            The fact is that the most valuable asset anyone can own is a skill or two. I have several.

            The rest is nothing but possessions. I’ve been rich and I’ve been poor and if one day I become poor again, I’ll still survive.

            Mar 10, 2015 10:46 PM

            Bob, that’s why I like you. You keep it real and you don’t BS.

            I happen to agree with everything you said and more. The only private real estate we have left that we can truly call our own is what we possess between our two ears and what we can transcend to our hands as productive skills.

            All the rest of this **** we are just renting for our short time here on this rock floating through space.

            V

    Mar 10, 2015 10:08 PM

    Made 11% on the bear side of gold in DUST today. Was averaged down to $20.07 and sold at $22.36. Gonna jump over to NUGT soon to play the bull side when the correction comes. 🙂

      Mar 10, 2015 10:36 PM

      Well done.

      NUGT is, what, 3 times leveraged?

        Mar 10, 2015 10:45 PM

        Bob

        Yes a 3x leverage on GDX. Not for the faint of heart. Like Jason, I am starting to average in on NUGT as a trade

        Here are the tickers for reference:

        NUGT: GDX Bull 3x
        JNUG: GDXJ Bull 3x
        DUST: GDX Bear 3x
        JDST: GDXJ Bear 3x

        Brian

          Mar 10, 2015 10:53 PM

          Thanks Brian but I stay away from the 3x leverage etfs as I just can’t get my head around how they reset each day at close of play.

          They scare me.

            Mar 10, 2015 10:29 PM

            Etf’s in the long haul will wipe you out. Etf’s in the long run, go back to zero.

    CFS
    Mar 10, 2015 10:51 PM

    Dan Burton retired Congressman from Indiana was chairman of the House Oversight and Government Reform Committee of the 105th Congress, when it investigated Bill Clinton’s lying. He tells me Hillary is an even more slippery unindicted criminal who who parses everything. (Remember Bill’s “It depends on what the definition of “is” is”?
    Mr. Burton says that during his Committee’s investigation of the Clintons, Hillary actually hired two people (one named Livingstone) to download F.B.I. files to her personal computer system. Mr. Burton did not know whether that was because she was personally incapable of doing so or so that she could say “I never downloaded any F.B.I. files to my computer”. He suspects she did it to help cover her backside, while engaging in unethical and criminal activity.

      Mar 10, 2015 10:13 PM

      CFS,
      How damn long do these moronic subjects have to be debated and as if a different outcome is possible or change is just around the corner with the reinstatement of Constitutional law. Why do people continue to live in a world of abject fantasy and delusion about the governing class of oligarchs that have hijacked the nations governing bodies from top to bottom?

      The Republican and Democrats and the three braches of our gov do not work for the people of America nor do any of them give a ****** **** about the citizens of the nation.

      The collective population has sat on its ass for decades and let the immorality, theft, plunder and criminality consume the system. Now the system has reached critical mass in its degradation phase.

      Now the piper is going to be paid because there is no will or serious movement to remove these filthy enemies from positions of power with in our nation.

    CFS
    Mar 10, 2015 10:15 PM

    When you hear about racism claims, coming out of the DoJ, Holder and the Emperor, you might want to remember Ann Coulter’s Article:
    (September 3, 2014)
    Coulter wrote in part:
    In an article about police shootings in last Sunday’s New York Times (8/31/14), Michael Wines disputes the conventional wisdom about a disproportionate number of African-Americans being shot by police, saying there are no data one way or another.

    Attorney General Eric Holder recently paid tribute to the myth, claiming that when he was in college, he had been stopped “driving from New York to Washington.” He didn’t mention how fast he was going.

    Nonetheless, based on the assumption that blacks speed just as much as whites — because to believe otherwise would be racist! — Temple University’s John Lamberth announced that while only 13.5 percent of drivers along a particular stretch of the New Jersey Turnpike were black, 46 percent of those stopped for speeding were black.

    Racial profiling, Q.E.D.

    The New York Times ran a dozen articles trumpeting the nonsense study, proclaiming it “the most thorough documentation of the contention that the police regularly pulled over black drivers.” Lamberth himself praised his research for ruling out the possibility of coincidence — and if you can’t trust Lamberth on his own study, who can you trust?

    Largely on the basis of that investigation, New Jersey Superior Court Judge Robert E. Francis threw out the contraband evidence seized from 19 African-American men in traffic stops on the turnpike. New Jersey’s ninny governor, Christie Todd Whitman, pronounced her state’s troopers guilty of racial profiling and agreed to a consent decree with the Department of Justice (DOJ) that basically prohibited the troopers from doing their jobs.

    Statisticians, and other people with common sense, tried to explain to liberals that human beings are not identical. Any study purporting to show that too many blacks are stopped for speeding must first determine how many speeders are black.

    Being denounced as virtual Klansmen, the state troopers demanded a real study.

    Confident that any new study would merely serve to confirm the troopers’ racism, the DOJ and the New Jersey attorney general commissioned a statistical investigation from the Public Services Research Institute in Maryland.

    The institute’s study was a spectacular thing. Using expensive monitors with high-speed cameras and radar detectors, they clocked the speeds of nearly 40,000 drivers on the relevant section of the turnpike. Three researchers then examined the photos to determine the race of the driver — without knowing whether the driver was speeding, which was defined as going more than 80 mph in 65 mph zones.

    The result: No racial profiling.

    Blacks constituted 25 percent of all speeders and they were 23 percent of drivers stopped for speeding. Controlling for age and gender, blacks sped at about twice the rate of whites. The racial disparity was even greater for drivers exceeding 90 mph.

    Inasmuch as the study was irrefutable, Mark Posner, a lefty Clinton holdover in the Bush Justice Department, tried to block it from being released, continuously demanding more information.

    But no matter how statisticians fiddled with the data, the results were identical: Blacks were twice as likely to speed as whites — and at much higher speeds. The troopers were completely vindicated.

    When the study finally leaked — over Posner’s objections — he informed the press it wasn’t “valid” without articulating any actual problems with it. The attorney general of New Jersey, David Samson, nonsensically said the results didn’t matter because New Jersey had already admitted its troopers were engaging in racial profiling.

    Perhaps the Times is right and there is no comprehensive study of police shootings by race. But it’s also possible that there is one, it didn’t come out as planned, so it has never seen the light of day.

    COPYRIGHT 2014 ANN COULTER

    Mar 10, 2015 10:53 PM

    John & Peter,
    The SMT did 16% last year. Easily beating the S&P.

    Mar 11, 2015 11:48 AM

    I said a hip, hop, the hippie, the hippie
    To the hip hip-hop, and you don’t stop
    The rock it to the bang-bang, boogie say “up jump”
    The boogie to the rhythm of the boogie, the beat

    Now, what you have here is not a test, I’m rapping to the beat
    And me, the groove, and my friends are gonna try to move your feet
    See I am Biggus and I’d like to say “hello”
    To the black, to the white, the red and the brown, the purple and yellow
    But first I gotta bang bang the boogie to the boogie
    Say “up jump” the boogie to the bang-bang boogie
    Let’s rock, you don’t stop
    Rock the riddle that will make your body rock
    Well so far you’ve heard my voice but I brought two friends along
    And next on the mike is my man franky
    Come on, franky, sing that song