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Direction for the Markets

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April 18, 2015

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Discussion
110 Comments
    Apr 18, 2015 18:08 AM

    With all due respect to the chart technicians we have here – how in the world can you “chart” these markets? We are living in unprecendented times run by desperate men and women. The only thing I will trust is past history which is a prologue to future events – being a student of history has served me well. I honor and praise God that I was aware of historical precedence to GUIDE my future actions…Hallelujah1 I am on the right side of history and it takes special discipline and courage NOT to get sucked in to these ridicululously skewed markets. You might say I am a fool – you know what?……I am a fool until I am SUDDENDLY NOT….I can live with that…and that is what is important….the best to all of my fellow Korelinites out there..:)!

      Apr 18, 2015 18:36 AM

      You’re a fool! 🙂 No, you’re not. Only kidding. I agree with much of your sentiment.

      I really enjoyed this weekend’s show having listened to it early this morning in the UK and, whilst cycling today, the thoughts of Doc, Chris, Rick, Gary and Avi have been going through my mind.

      There was a mini-crash on the DAX last week – I do wonder whether some in Germany got wind that a Greek default was about to be announced.

      Have not a clue what is going to happen next week so it was good to hear the thoughts of the guys above. I wonder what affect China’s changes in shorting and margin limits will have on the markets come Monday.

      Apr 18, 2015 18:38 AM

      SORRY I WAS PRETTY MUCH MISSING YESTERDAY. NOT A GOID DAY YESTERDAY. CORY HELPED A LOT. THAT IS WHAT PARTNERS ARE FOR.

      SO FAR GOOD DAY TODAY THOUGH!

        Apr 18, 2015 18:41 AM

        Prioritise your health Al – that is the main thing 🙂

          Apr 18, 2015 18:11 AM

          Hang in there Al, stay calm.

            Apr 18, 2015 18:34 AM

            0h trust me Frank, I am.

        Apr 18, 2015 18:08 AM

        Al,
        You are sounding stronger every day. Don’t let this win, fight hard and you will win. We all have your back. Proud of you buddy!

        Duke

          Apr 18, 2015 18:23 PM

          Many thanks Duke!

      Apr 18, 2015 18:45 PM

      great post SDMARC

    Apr 18, 2015 18:36 AM
    Jay
    Apr 18, 2015 18:43 AM

    Another GREAT show guys! Really good to hear Glenn + Cory ‘ s commentary on training up the likes of ISIS, OBL n co..
    On a side note I’m curious why you guys seem to be focusing on Clinton (I know that’s where the buzz is on mainstream media) when imo the much darker and larger threat to America seeing any light at the end of the tunnel comes from Florida in the form of a grand son of a Nazi profiteer and son of a former cia head? I know we’re talking about a two headed snake but belive me, the real venom comes from the fangs of the Republican neocon camp…

      Apr 18, 2015 18:51 AM

      You’re right, Jay. (Is this Jay Taylor?)

      I wouldn’t miss this here KE Report for all the beans in China! Or all the gold in China…well, maybe miss one week for all the gold in China. 🙂

      Apr 18, 2015 18:59 AM

      It makes no difference if Clinton or Bush gets elected. The middle class is being destroyed and that will only accelerate. Both of these crime families are vile.

      Apr 18, 2015 18:42 AM

      Thanks for the comments Bob UK. What kind of bike do you have and how much do you ride?

        Apr 18, 2015 18:29 AM

        I have two bikes Al – a mountain bike and a hybrid bike.

        I cycle every day. I got very ill around 2007 and couldn’t get out of the house for several years. I suffered from acute stress which resulted in awful heart attack-like chest pains, one side of my body going numb and terrible panic attacks as my breathing was terrible. For what seemed like a long time I couldn’t even walk across a road.

        Had to give up a very good career and, well, basically lived off my savings ever since. For a while I didn’t think that I was going to make it but, hey, the Universe decided that it still needed me around and… here I am. As Winston Churchill said, “If you are going through Hell – keep on going”. Through Cognitive Behavior Therapy I changed my mindset… started meditation… tai chi and yoga.. refused to give up… changed my diet… increased my Vitamin D, Magnesium and Potasium intake considerably… refused to give up 🙂 … read a wonderful book called ‘Life Lessons – What The Dying Can Teach Us About Living’ by the hospice pioneer Elisabeth Kubler Ross… and began going for walks with my bike…

        Yes, walks with my bike.

        By that, I mean that I couldn’t walk for more than a few feet without having terrible, crushing chest pains, breathing problems and enormous panic attacks… I became afraid to leave my home… afraid of collapsing in the road and no one helping… so I came up with the idea of using my mountain bike as a crutch… I could grip the handlebars tightly and when people looked at this wheezing guy paused on the pavement I would pretend I was fixing my bike when, in truth, I was having a scary panic attack… There were times when I was gripping those handlebars for dear life wondering whether this time would be ‘it’.

        So I would grip my handlebars with a vice-like grip and walk a few feet from my front door with the bike and then turn around, walk a few feet home and collapse in, yes, tears on the bed… repeated it a few days later… and then every day… eventually walked a bit futher… and then a bit further… repeat… walked further.

        It took years but eventually I managed to get up on the bike and cycle a little way.. go home and collapse on the bed… repeat… Mere feet became yards and yards became neighbourhood blocks…

        Nowadays I cycle several times a day and do between 20 to 30 miles a day. (My only problem now is driving as I still get panic attacks driving on roads where there is no where to stop – my subconcious mind associates such areas with the time when I was very ill.). I still have not got back to work and, currently, I am dealing with the anger, guilt and realisation of the loss of so many prime years. That is a common reaction to major illness.. People suffer grief over how the illness affects them… and the lost years… but… the Universe appears to still want me around for some reason.

        You wish you hadn’t asked now 🙂

        I only mention the above because, as awful as the last 10 years have been for me, they have also been a life-changing life lesson. I have incredible empathy for others now and, as bizarre as it sounds, my illness, as awful as it was at the time, brought so many positives into my life – new friends, new ways of thinking, a different life. I think I understand my place in the Cosmos now – hey, that can’t be a bad thing.

        Right, having ranted on… I feel the need for a tub of Haagen Daz Praline & Cream ice cream… I think I need to get my bike out again…

          Apr 18, 2015 18:26 PM

          You are a great inspiration, Bob UK. Many, many thanks.

          I am now going in the same direction with meditation, yoga, no booze, and exercise.

          God bless you, my friend,

          Al

            Apr 18, 2015 18:29 PM

            Same to you Al.

            I can recommend Mindfulness Meditation – plenty of good MP3s online – and Dru Yoga. Dru is the relaxing kind of yoga as opposed to some other kinds of yoga which can be a bit strenuous.

            There are no hard and fast rules. Just find the things that work for you.

          Apr 18, 2015 18:29 PM

          Bob UK,

          Hope you don’t mind, but I sent this to my wife and kids.

          You truly fight the good fight!

          Big Al

          LPG
          Apr 19, 2015 19:44 PM

          Bob UK,

          I’ll repeat the same thing already mentioned by Big Al: you’re an inspiration.

          Hope you’ll get better with the driving, and more importantly with the anger, guilt and grief.

          Much love.

          LPG

      Apr 18, 2015 18:44 AM

      I guess that all I can say Jay, is “we have a sad state of affairs don’t we!

        Jay
        Apr 18, 2015 18:04 AM

        I actually have to apologize Al, I missed some of that interview with Jeff whereby you guys basically said the same thing about the two headed snake. Great interviews all around and thoroughly glad to hear a healthier sounding Big Al!

    Apr 18, 2015 18:18 AM

    Interesting article from Dave Kransler –

    April 17, 2015

    A reverse repurchase agreement, also called a “reverse repo” or “RRP,” is an open
    market operation in which the Desk sells a security to an eligible RRP counterparty
    with an agreement to repurchase that same security at a specified price at a specific
    time in the future.

    The financial news spin-doctors are attributing today’s abrupt sell-off to a report of a
    Bloomberg terminal outage and to a report that China has expanded its list of stocks
    available for shorting. This explanation for the plunge in stocks globally is so absurd it almost leaves me speechless.

    http://investmentresearchdynamics.com/is-the-global-financial-system-on-the-brink-of-collapse/

    LPG
    Apr 18, 2015 18:51 AM

    Hope everyone is having a good WE.

    Very insightful comments by Avi on Segment 6, IMHO.
    Also, very good angle and questions from Al / Cory.

    Best to all and GL investing/trading.

    LPG

      Apr 18, 2015 18:46 AM

      I did read that and thought it was kind of silly

      Apr 18, 2015 18:47 AM

      Thanks LP G. You also did a great job. Thank you.

      Jay
      Apr 18, 2015 18:08 AM

      LPG thanks very much for your contribution! I have to agree with you on the grexit in that (I know Al, Gary and others feel it could be good for the Euro – I do agree short term we could see this headline powering up the euro for a while), I do believe it will be short lived for the reason that it will only be a matter of time before Spain, Italy etc hit the headlines for the very same reason….
      Perhaps a trigger for the euro trade to swing back to the usd?

    Apr 18, 2015 18:00 AM

    Might be of interest:

    ‘US Stock Market Getting Scarier by the Day’

    http://www.marketoracle.co.uk/Article50304.html

      Apr 20, 2015 20:18 AM

      I tend to agree with Avi’s target of the Fall as when the general markets will correct hard. Personally I expect a 20% decline in the Sept/Oct range in the S&P, Dow, and Nasdaq. He is also correct that the Russell 2000 has been charging higher in an organized manner technically. It will likely do a blow off top signaling a trend change in the general markets. That is when I plan on building a position in TZA.

    Apr 18, 2015 18:17 AM

    last election its been over looked that obama clinton kerry all ran for the pres office and all ended up being our leaders. why run when you can be appointed to the high cabinet position was there no other talent to choose from

    Apr 18, 2015 18:54 AM

    RE: Segment 1 – Pensions

    Chris is right. None of these pensions are factoring in returns under five or six percent. Many are assuming higher.

    Out where I live all the gummit workers are now getting big raises – 9,10 percent. And since there pensions are based on their salaries these raises are quite completely insane. I know no one in the private sector who is getting raises like this and no one in the private sector gets pensions anymore.

    These people in the gummit sector live in an entirely different world than everyone else.

      Apr 18, 2015 18:49 AM

      We take care of ourselves, Eddie. I personally would have it no other way!

        Apr 18, 2015 18:46 PM

        Big Al, that is how is suppose to be. Take care of yourself; don’t depend on anyone else to take care of you monetary wise in old age.

        Apr 18, 2015 18:57 PM

        But you must also pay taxes (and inflation) to pay for the pensions that those in the government sector get. Pensions that those in the private sector can only dream of. I recommend you read this book

        Plunder: How Public Employee Unions are Raiding Treasuries, Controlling Our Lives and Bankrupting the Nation

        Public employees have become the new American elite. In the past, Government workers earned less money but had slightly better job security and benefits than Americans working in the private sector. These days, government workers not only earn more than other Americans, but they have vastly superior benefits, including pension plans that often allow them to retire as early as age 50 with 100 percent or more of their final year’s salary. These pensions often to $100,000 a year and come with cost of living adjustments and free lifetime medical care. Getting a government job and sticking with it is like winning the lottery. This plundering of treasuries, made possible by aggressive union tactics and spineless politicians, results in higher taxes and massive debts that ultimately will be borne by our grandchildren. The current situation is “unsustainable.” The problem goes beyond finances. Government unions protect even the worst public employees from accountability. Schools don’t attempt to fire incompetent teachers-and union protections make it nearly impossible to even fire ones accused of abuse and other misdeeds. As government gets bigger and more powerful, government officials have more uncontrolled power over the rest of us-to enrich and protect themselves at the expense of the public good. The public’s servants have truly become the public’s masters.

        http://www.amazon.com/gp/offer-listing/0984275207/ref=tmm_pap_new_olp_sr?ie=UTF8&condition=new&sr=&qid=

      Apr 18, 2015 18:50 PM

      Ebolan, these big raises are nothing but a bribe (I’ll scratch your back now and I expect you to scratch my back in the voting booth). Anyhow, it’s not like politicians are paying these workers with their own money. A schmuck called taxpayer is picking up the bill.

        Apr 18, 2015 18:05 PM

        You are right, of course. Were I live we had a liberal city council that brought the city close to bankruptcy so those bums got voted out a a new “conservative” council took over. The first thing they did was give all the cops and fire big raises. And the people getting the raises were making much more than what those in comparable positions in neighboring communities were making. Turns out these “conservatives” received big campaign contributions from the local cop and fire unions. And now they are talking of raising our taxes again.

          bb
          Apr 19, 2015 19:26 AM

          Paying public employees with taxes. I wonder why we don’t just print the money, actually all taxes could be paid with printed money.

          At least if we did that we could get the crash/reset over with quicker, rather than this slow dragged out process.

    Apr 18, 2015 18:57 AM

    It looks like the DemoNcrats are going to give Shillary a pass as it looks like no one will challenge her.

    But she’s got problems. For one, Bill is a pedophile. He was caught with all those kids on that plane belonging to the NWO billionaire and DoucheOwitz.

    bb
    Apr 18, 2015 18:05 AM

    I like the Aurum, maybe we go digital but I like them anyway.
    Chris Martensons work is great.

    Apr 18, 2015 18:11 AM

    Distinction between “treaty” and “agreement”.
    The “A” in NAFTA is for “Agreement”.
    This allowed the trade treaty to be passed by the Senate by a majority vote.
    If it was considered a treaty it would have required a supermajority.(Article 2, Section 2, Clause 2)
    By calling a treaty a mere agreement the supermajority requirement is avoided.
    The treaty being discussed with Iran is a treaty being called an agreement so it avoids
    Article 2 Section 2 Clause 2 increased oversight.
    But does it really matter anymore.
    We do not follow the constitution anymore anyway.

      Apr 18, 2015 18:33 AM

      Great observation Dennis!

      Apr 18, 2015 18:16 AM

      Good to hear from you again Dennis. Long time no hear.

    Apr 18, 2015 18:22 AM

    Well done Cory disagreeing a little with Laurent Patrick Gally to give us a little debate..

    There were some good points on both sides because you debated the issue.

    I think that it will be very interesting if Greece leaves with the other southern European nations remaining in the Euro. Maybe the ECB will just buy all the junk using QE if Greece exits. However, if Greece exits, it can open the door to an exit of the others and speculators might go mad betting against Spain, Italy, Portugal, Ireland and perhaps others.

    In a sense, the hysterical focus on Greece is a great diversion from the troubles in the other countries. If Greece leaves the Eurozone, the debate will likely shift to which one is the remaining weakest link in the chain. Also, of course people will watch Greece for a little while to see what happens to them after an exit.

    I still wonder if the northern Europe nations like especially Germany are using this crisis to devalue the Euro by kicking the can until the Euro gets to where they want it to be (parity, perhaps), so they are super competitive against Japan and China.

    Apr 18, 2015 18:31 AM

    I completely disagree, Frank. The people will not give up! That is what Americans are all about!

      Apr 18, 2015 18:22 PM

      where is the post………BOOTED

        Apr 20, 2015 20:25 AM

        Give em’ da Boot – Frank from moscow…..Da Boot. (for president).

      Apr 18, 2015 18:30 PM

      The majority of people(sheeple) are asleep.

        LPG
        Apr 18, 2015 18:39 PM

        +1 FFM
        Best to you,
        LPG

        Apr 20, 2015 20:24 AM

        the sheeple are asleeple.

    Apr 18, 2015 18:32 AM

    Here is a list of the friends of Hillary Clinton:
    1) Webster “Best friend and a.k.a. Federal Prisoner #34578912534″ Hubbel;
    2) Dan “Cocaine & Croissants” Lassater;
    3) James “Bank fraud died in jail” McDougal
    4) Susan “forced to subpoena the President” McDougal;
    5) Jim Guy “Guilty as a land flip” Tucker;
    6) Gennifer “have not heard her tapes of Bill phone call lately” Flowers;
    7) Paula “Justice delayed is justice denied’ Jones;
    8) Ron ‘ Why did his plane control flight into terrain” Brown;
    9) Hazel “What country has she not been to yet’ O’Leary;
    10) Mike “former press secretory I got these sweet tickets from Tyson Chicken” Epsy;
    11) Henry “lied to his bride and the FBI” Cisneros;
    12) Frederico “he is why Denver Airport sucks” Pena;
    13) Roger “they would not let me recuse myself’ Altman;
    14) Harrold ” they are %%$^&(( us blue” Ickes;
    15) George Stepahandoyoulikemymessyhairoplous;
    16) Betsy “She will be indicted” Thoamasas;
    17) Susan ” I don’t remember” Thomasson;
    18) Maggy “I will resign, when I decide to resign” Williams;
    19) Mike “The latest documents were found in a box of nic-nacs” McCurry;
    20)Seth “Sham land deal with the help of Hillary” Ward;
    21) Beverly Basset “We better make sure her story matches our story” Schaffer;
    22) Bernie “No unfettered access” Nussbaum;
    23) Josh ” I lied to my diary all the time” Steiner;
    24) Harry “we can make money if we get the slots HRC” Thomasson;
    25) Herby “here it is Governor in 20′s and 50′s like you asked” Barnscum;
    26) Robert “That was not his lunch he was carrying in the brown bag” Hall;
    27) Joshlynn “Do it yourself” Elders;
    28) Bruce “her are some documents I forgot about” Lindsay;
    29) Lloyd “The First Lady is in real deep” Cutler;
    30) David “Memo Man” Watkins;
    31) William “Note taker’ Kennedy;
    32) David “&&^%%ing good note take” Gearan;
    33) James “I am at my campaign donation limit go see Robert L. Red Bone” Blair
    34) Robert L. “I will say you gave me 1K come back in awhile I’ll get ya $100,000 cattle futures” Red Bone
    35) Craig ” I got all the FBI files on the enemy list” Livingstone;
    36) Vincent “better person the all the above because one way or the other he had a conscience- RIP” Foster

      Apr 18, 2015 18:42 PM

      That is one hell of a gang. Makes the Mafia look like boy scouts.

    bb
    Apr 18, 2015 18:57 AM

    Interesting Glen Downs mentioned the “great game” Ed Steer has regular articles concerning “the great game”, I also found interesting his mention of the “Economic Hitman”.
    A lot of recorded U.S. evil in that book, assassinations, invasions, installing of tortures in place of democratically elected governments etc

      Apr 18, 2015 18:12 AM

      I read the book and had John on, at that time, my radio
      Program. I have to say that I only had him on ounce because I really questioned his motives. Sorry

        bb
        Apr 18, 2015 18:15 AM

        Odd Al, you don’t feel he is telling the truth? or maybe the book is treasonous?
        What motive did you question?

          Apr 18, 2015 18:19 PM

          Who do I feel is “not telling the truth” bb?

          Apr 18, 2015 18:22 PM

          Ok bb, now I understand.

          Here is my point.

          I think that he wrote the book not to expose the truth but to make money.

          There is a former guest of this Show who blatantly bad mouthed the Vancouver “stock players” after he made millions of dollars off them and their actions for a number of years. When I confronted him, he got very, very angry and said that our friendship was over.

          I put Perkins in the same category.

          do I think that the book is treasonous? No, of course not. I simply question the motives.

            bb
            Apr 18, 2015 18:01 PM

            Ahhh, makes sense Al.
            Im glad he wrote the book tho.

            Apr 18, 2015 18:22 PM

            I have heard Perkins interviewed and I tend to believe what he said.

            “I think that he wrote the book not to expose the truth but to make money.”

            I don’t know, Al. The vast, vast majority of books lose money. Even non-fiction best sellers don’t make a lot of money. (Just ask Tom Woods who has had non-fiction best sellers.) If you sell non-fiction you had better get an Oprah like endorsement if you want to make a lot of money.

            I think Perkins knew he was not going to make a lot of money off his book. I think he could have made much more keeping his mouth shut and playing along with the evil game.

    Apr 18, 2015 18:17 AM

    I agree there is too much fuss about interest rate increases. I think they will only raise by a quarter percent this year and another quarter next year so it really should not be having any market impact. Investors are always overreacting to every little event.

    bb
    Apr 18, 2015 18:13 AM

    seg 7
    Can anyone imagine what would have happened if Nixon “erased the tapes”? or
    “deleted the e mails”
    lol
    Corruption from the president to the police.
    But that’s ok, were a great country and were #1.
    Amazing really.

    Apr 18, 2015 18:59 AM

    For those interested in water and food investments this is a good interview to listen to. Note the Goldman Sachs mention as one who is buying water rights…..could be the end of normal food…

    http://usawatchdog.com/drought-number-one-emergency-in-california-ellen-brown/

    Apr 18, 2015 18:04 PM
      Apr 18, 2015 18:13 PM

      Thanks Bob UK

      Apr 19, 2015 19:58 AM

      They’ve threatened this before…so have the Dutch.

      Apr 18, 2015 18:37 PM

      Russia has officially denied this. Move along. The two countries might come to terms on a deal in the future, but not now. Why would Russia loan Greece money when Greece has no means to pay the debt it has now? Greece needs to default first, then go to Russia or whoever else for money.

        Apr 18, 2015 18:40 PM

        think about it, warm water ports in Europe , Russia is going to get something in return.

          Apr 18, 2015 18:53 PM

          It’s not in Russia’s best interest to make a deal NOW. Let Greece default then sweep in with the aid. The Zero Hedge story is a complete fabrication anyways.

      Apr 19, 2015 19:32 AM

      Thanks for drawing attention to this LPG.

    Apr 18, 2015 18:12 PM

    The Vice Index may be predicting a recession …. this is kind of different.

    Vice Spending Slows, Unless You’ve Got the Herb
    http://www.financialsense.com/contributors/andrew-zaitlin/vice-spending-slows-unless-you-ve-got-herb

    Apr 18, 2015 18:20 PM

    THIS POLITICS STUFF is old news, no change just , same old same old, and is not going to change anytime soon, as long as there is ELECTORIAL COLLEGE, AND UNLIMITED FUNDING by unrecorded donators .

    Apr 18, 2015 18:23 PM

    HOOKERS FOR HILLARY…..Moonlight Bunny Ranch, is for Hillary, our everyday American, ….see at zerohedge

    Apr 18, 2015 18:42 PM

    thanks LPG.

    Apr 18, 2015 18:43 PM

    tHE POST ARE STARTING TO JUMP ALL OVER THE PLACE AGAIN, rerun of last weekend

    Apr 18, 2015 18:08 PM

    What happened to Jerry?

      Apr 20, 2015 20:21 AM

      Quite frankly, he moved to Russia.

    Apr 18, 2015 18:37 PM

    Have a look at a chart of the Chinese stockmarket, with 50 and 200 day averages, over the past 5 years and compare it with a similar chart of silver from 2010 onwards.

    The silver spike in late 2010/2011 looks very much like the Chinese stockmarket from late 2014 to the present.

    Apr 18, 2015 18:43 PM

    German Dax up about 45% since October 2014 – looks like a bubble.

    Apr 19, 2015 19:19 AM
    Apr 19, 2015 19:47 AM

    The gold perma bears are caught on video. After they
    post all their negative commentary and gold takes off.

    http://www.youtube.com/watch?v=8un-qxEjiWU

    Gold is honest money, the guys in the video are not.

    The politicians are laughing as they steal your wealth.

    As with the gold bears. All out to deceive. ALL FACTS !!!

    Apr 19, 2015 19:43 PM

    How does $ 400.00 gold sound? According to Harry Dent it may be coming…with what has been going on with the metals I agree with Dent..we are not likely to see any appreciable increase in the price of gold and silver for many many years…and will most likely experience the $ 400.00 gold that Dent talks about..anyway, good interview for those interested..

    http://usawatchdog.com/over-100-trillion-in-wealth-will-disappear-harry-dent/

      Apr 19, 2015 19:50 PM

      Gator,

      Some people hate Dent and some people love him, but there is no getting around it.

      If you have an open mind and are willing to hear all side’s of the spectrum.

      He makes a hell of a lot of valid points and many of them are as worthy of consideration as any of the ones given by a multitude of other talking head’s flavor of the day analysis in this “detached from reality” world we live in today.

          Apr 19, 2015 19:28 PM

          HH…is that a selfie ? Regards……..

            Apr 19, 2015 19:58 PM

            Yes Gator, may refer to it that way.

            Dent is a comedy and the world
            will need to end almost for that
            to happen. Dollars will be finito.

            No one is really going to care with
            a world in complete chaos.

            Dent won’t possibly be right but its
            going to be one ugly mother if the
            central planners fail. Looks grim.

            Apr 19, 2015 19:01 PM

            I know some will disagree but I firmly believe anarchy
            starts this year.

            The Cabal/Banksters are going to impose lot of new
            laws in The West. Will most likely include precious
            metals.

            IMHO..this is a new paradigm the likes we have never
            experienced.

            You can’t count on anything. You can disagree but
            freedoms around the world are being violated.

            So no, you can’t count on precious metals in a world
            where freedoms are being dismantled.

            This is not going to repeat the good times with assets
            benefitting very few and others just getting by.

            With a collapse few will benefit and you have great
            suffering with the masses.

            I just don’t believe we will jug a long and hard asset
            party ensues. IMHO

            Something much more serious is going to take over.

            Again. .IMHO. and everyone’s got one. Good luck with
            it too. The trend is down. .down now !!!!

          Apr 19, 2015 19:44 PM

          Sophistication, grandeur and splendor.

          Choice of the wealthy to preserve and protect.

          The East and Asia are going to be the new wealthy class.

          The stage is set. Gold will be that asset class while The West
          goes bankrupt.

          http://www.youtube.com/watch?v=LuCUgPi7SR8

          Asia is going for gold and this Phantom with gold accents is proof.

          Those that have major gold holdings will enjoy these kinds of purchases.

          Gold is and will always preserve wealth. GUARANTEED $$$$$$$ Bye !!!

            Apr 20, 2015 20:42 AM

            Golds ..poppin just like I said it would.

            Cha….Cha.Cha………Cha.Cha.Cha……CHING $$$$$$$$

            I’m buyin…drinks for everyone !!!!!!!

            Apr 20, 2015 20:50 AM

            The futures plunge below 1194 is an increase from Fridays close?

            Apr 20, 2015 20:24 AM

            Please see my comments below.

    Apr 20, 2015 20:31 AM

    Well, there it is…….. it took three trading days but my call is now correct as silver has indeed posted a 15 handle this morning and broken below 16 dollars which was my prediction. Timing was a little off but the direction was right. We are not done yet either.

    I continue to expect a sharp decline that takes us below March lows.

    So far so good. My charting has paid off just fine.

      Apr 20, 2015 20:55 AM

      I sold futures with a very good profit last night.

      You snooze….you lose. Gold did rise but now
      its down from last week.

      These are traders markets. In and out.

        Apr 20, 2015 20:05 AM

        Moved up my sell stop very tight after that rally last night.

        Locking in all my gains.

        Apr 20, 2015 20:05 AM

        Really? What time was that?

          Apr 20, 2015 20:13 AM

          The time I posted after midnight PST.

            Apr 20, 2015 20:35 AM

            Gold is really slippin at the time of this post.

            Apr 20, 2015 20:43 AM

            Gold is still locked into sideways trading range.

            Said this almost 5 months ago. The Cabal is all in.

            World war is going to result over The West’s monetary
            system. A NEW PARADIGM IS IN PROGRESS. IMHO

    Apr 20, 2015 20:35 AM

    By the way..good to be back. Spent the weekend as an invited guest to a traditional African wedding. It was really interesting. Lots to eat and the selection was amazing. And the way the gals were all gussied up and dressed in their best. Whew! What knockouts. If it wasn’t already so hot I would break out in sweats.

    Anyway..tomorrow is another day. Back to the markets.

      Apr 20, 2015 20:51 AM

      WHAT does that have with trading?

        Apr 20, 2015 20:08 AM

        Rhythm wedding traders bing ..bing..Bong !!!!

        http://www.youtube.com/watch?v=TIwZLvBo5Ho

        with the witch doctor.

        Apr 20, 2015 20:24 AM

        Silver is almost back to where it began trading in 2015….and I am glad to be back posting here after being away for a few days. Try reading the posts Jerry.

          Apr 20, 2015 20:36 AM

          Where is Jerry ? Everyone is now gone. Thought things
          were going to improve here. Now we are commenting
          to people that are not even here anymore.

          Its getting desperate !!!!

        Apr 20, 2015 20:48 PM

        Whaaaat?
        Do you see some of the comments!!!?
        Was quite pleasant from Birdman…

          Apr 21, 2015 21:00 AM

          Well sure, their is no one posting any longer.

          That was the message.

    Apr 20, 2015 20:42 AM

    Thanks for another great show Al. I am just tuning in to some of it now. A bit late but I might yet throw in my two bits if the internet and the power hold out for the night. We are on generators and solar power a lot this past week. No idea what’s going on exactly but a lot of new factories are opening in this area and I think we are just in a power shortage. Kind of my guess because we black out around 9:30 in the morning right after the banks, business and factories all flick on the lights and machinery.

    Apr 20, 2015 20:07 PM

    HEAVY. GOLD IS POPPING?? How about dropping. We are trading with a bearish bias for eons. A washout would be good. Scare away the reading bull fools…

      Apr 21, 2015 21:07 AM

      If you were paying attention is was starting to pop
      in the wee hours early Sunday morning. Comments
      above.

      Gold is not dropping its still locked in a sideways
      trading range.

      That makes bulls and bears wrong for months. I said
      almost 5 months ago we are going to be range bound.

      Nothing has changed Bill.