There are a lot of different investment opinions out there
Al is back and we are chatting with Chris about different pundits that can get your portfolio in trouble. There is no right person to follow but there definitely a number of them that can hurt your investments.
Click download link to listen on this device: Download Show
meant – more than
Don’t get me wrong, Jim Willie is crazy. 50/50 crazy good & crazy bad.
Peter R,
Willie is an interesting guy.
Al:
You guys need to define the difference between goldbugs and permabulls. Even Martin Armstrong sees a role for gold in a future financial system. He is highly critical of “goldbugs” when he should be critical of the permabulls who are harping every day to buy gold because it’s going to the moon. He is a goldbug himself. That doesn’t mean he suggests buying it every day as an investment.
Gold has several roles. One is as an investment, another is as insurance. We buy insurance without hoping that we will profit. There is a giant difference.
FIREBUG……VS………GOLD BUG.
It’s about time this was commented on. Nice job Chris.
I happen to agree with you Nowanda.
Everyone seems to have a product to sell! And, many don’t care how they do it.
I was getting worried if you were doing OK Al. It’s good to hear you back and in good form.
Many people don’t want to do their own due diligence which is a big mistake and most of them buy a stock and think they can hold it, another big mistake. I always call the stock market ” The Most Dangerous Game’. Sell is bigger then buy for me, if you make a profit sell and if the stock slips 10% -12% after you buy it, sell.
Good point Dick.
You might call me Dick, but my friends call me DT.
So maybe Machine Gun was better? Just curious but are you actually a private eye?
Birdman, You liked to call me Dick when I didn’t support your way of thinking, you always think you are so clever. DT
But your name is Dick….what the hell are you talking about?
Is that the best you can come up with, pathetic. DT
Can I call you Dicky. I kind of like you actually.
This is accurate for the discussion.
http://seekingalpha.com/instablog/861199-nawanda/4039906-top-10-indications-that-a-gold-bottom-has-been-struck
INteresting Nowanda.
Thanks, man!
Hilarious Nowanda. What makes it so funny is how seriously those guys all take themselves. And I am saying that as a guy who has been in and out of gold for decades. Don’t they EVER learn? Sometime you just need to chill out and bide your time. The cycle always comes back around but while you are waiting….omg there are a whole lot better things to be doing!
And since you mentioned Ebola….is it interesting how that story has blown over and been forgotten already. But at its height some thought the world would end. I don’t recall hearing Eric saying it would send gold higher…but that is really stretching for a nut at the far end of a branch all right.
That was a pretty funny article Nawanda.
The so called real experts need to print this and paste in on the monitors or their mirrors as we know they have huge ego’s so they spend far more time in front of the mirror than looking at a chart
Marty: Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Martin Armstrong needs to do some more time in the hole.
He (Martin Armstrong) notes the potential for Gold to rise up to the $12,000 level which is the high end of the potential range I have consistently maintained since 2009 based on the fractal relationship of the Gold:Dow ratio as seen in the 1970’s Gold Bull Market.
http://www.financialsense.com/contributors/goldrunner/martin-armstrong-economic-confidence-model-vs-gold-performance-an-update
“First of all, I never said gold would go to $12,000, $5,000 was the best I saw. ” Martin Armstrong
http://armstrongeconomics.com/archives/15131
You can’t eat gold, but the TED spread will eat you!
Meaning no interest rate rises if you don’t eat your dinner.
Hindenburger omen. Medium rare:
Your links don’t work, Fran.
They’re both AOK, Birdman. ..?..
Huh….would not open for me. Maybe its my browser.
Here’s and interesting article on the Hindenburg Omen:
Be Aware Of The Hindenburg
http://www.investopedia.com/articles/trading/07/hindenburgomen.asp
If there were not so many false alarms it would be more helpful…but that indicator is generally a very minor one and can only be taken seriously in conjunction with more substantive information.
Big Al, great to hear you back, hope you are well.
This is my opinion is the best ever audio you guys have ever produced, well done!!!!!!!!!!
I’m not smart enough to know if gold is going to $500 or $5000 so I’ll stick with the charts for direction.
Gold using only 1 indicator keeps you on the proper side of the trade with all the noise of $500 gold or $5000 gold running rampant in the background
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=5&dy=0&id=p78897070853&listNum=1&a=409808860
Many thanks, Original
If you think gold is going to $5,000 to $50,000 next week you are listening to too much of Art Bell, Alex Jones, and Steve Quayle.
Great point Jason.
Everybody has a shtick. Unfortunately some people cannot see through the “shitck’s profit motive”!
Don’t like it that the markets don’t do your bidding? Harden the f up!
Nice ! FranSix !!!
Soy milk in coffee is fine!
IF IT IS ORGANIC……..otherwise you have GMO……
Watch out for the GMOs……. Good point FFM.
Chris remember the Queen Mary Meeker during the dotcom craze, anyone who followed her advice was left holding the bag, this simple chart (posted below) would have had dotcom investors keeping their riches instead of following her pump-n-dump promo
Actually common sense back in those days would have saved some folks a lot of money!
The bull market/speculative turn in early 2000 was the easiest to call of all time, since so much that led to the run-up in 1998-1999 had so clearly changed.
And that’s so much more why the Cramers, Meekers, Battipaglias and the rest were revealed as more huckster than true “expert.”
ditto on BATTIPAGLIAS……..
Gamblers is more like it. Just trying to squeeze one more trade out of a hand that was increasingly stacked in favour of the house. I think its just human nature though. They were greedy and led others down their path.
AL ? Welkome back ! GOLD is soo beautefull ! Don’t angry GOLD LOOK ! https://www.youtube.com/watch?v=eNlolmKQA6A
You don’t need GOLD ? Soros ! https://www.youtube.com/watch?v=MwwhVoR4Jqs
ONLY GOLD !!!! Is FREEDOM ! https://www.youtube.com/watch?v=W0njF67EPMo
I happen to agree with your comment about “gold is freedom”!
As you know Franky, I personally like gold for, what I consider to be all the right reasons!
I pretty much read the whole thing Heavy. Unfortunately, and I mean very unfortunately, I have to agree with what was written.
Yes, very unfortunate Big AL…
Many truths in the article.
Yes but HH Snyder’s book ‘The beginning of the end’ is abysmally written even as he’s clearly got dollar signs in front of his eyes. The man’s an illiterate imbecile, who reminds me of Hal Lindsay author of ‘The late great planet Earth’; a book which while selling in its millions turned out to be rabid nonsense. A
Not sure about Snyders book at all Reverend Andrew.
I do know many lives lost last weekend. Our president
is not doing anything but provoking all this civil unrest.
America and the world is on its way to judgment regardless
of Snyder and Hal Lindsey.
INHO….keep the critical eye on things because we live in a
world of unprecidented deception.
Corruption…lies..its now the order of the day we live.
LAWLESSNESS WILL BE OUR DEMISE. Everyone is included.
It is pure fear mongering journalism, HH. You had best ignore it and your life will be better. Those kinds of articles are what is partly behind the rise of the police state and endless paranoia and fear even at a t
….even at a time when violence is still in decline. Snyder is pretty good about whipping up fear amongst his readers but I really don’t appreciate what he is doing because he is creating a mindset of fortress thinking based on distrust of everyone. Its good for his little fear franchise and it sells books but it stinks that people read it seriously and lose perspective.
I do agree Bird. However, we are in perilous times. My end of
the year predictions have nothing to do with any of these
guys. Lots of deaths and civil unrest is making the news lately.
I maintain we will see something very dramatic in the events
into year end or by year end.
And everyone has the free Will to believe what they want. It’s
not going to stop or alter the tragic world destruction coming.
Its 100% assured in my book. No fear mongering. The signs are
everywhere but people will ignore them right up to the last day
before destruction. No bells will be ringing to notify everyone to
duck and cover. The real event is on its way.
People can mock it. Thats what they are doing. Thats why judgment
is coming and for many other reasons.
Here’s a ferro cement DREAM HOUSE.
YES HH ! Horrible !
Yes, frankly. ..keep the faith in God.
Only hope.
Unfortunate are the stories fed to the American people that most know are utter B.S..
Exporting ‘democracy’ , $700 Billion to banksters while large nationals prop up their balance sheets exporting American employment opportunities.
It’s the 100 year continuous lie that is coming home to roost. Now the banks will dump their derivatives and washed up reserve currency on the innocents so that the next phase of their madness can be unleashed on earth in the form of hell. It’s just more of the same old story but this time it will not be a third world country in Asia or Africa or a continent such as Europe enduring the consequences of the rot they pass of
Hope everyone is well.
Talking about being contrarian, as Cory mentioned it…
IMHO, being a contrarian is not enough for being a successful investor – and this is IMHO where most people get it wrong. I think Howard Marks said the following thing about being a SUCCESSFUL contrarian (not word for word, but ball park):
* you have to know what the herd thinks
* you have to know WHERE the consensus/herd is wrong
* you have to understand what will make the consensus view shift. What will trigger that.
To me, people such as G. Soros are contrarian at heart. So is S.Druckenmiller.
They have outsized returns because they are pretty good – IMHO – at timing when the consensus narrative is about to turn. So they bet – typically heavy – at what they sense are inflection points. This is where they have the most odds in their favor.
Best to all and GL investing/trading.
LPG
Nobody makes that kind of money with delving deeply into the dark side. If you think their returns are based on timing concensus you are crazy. These guys play a role in establishing consensus. Easy to time it when you have input in establishing it.
Withou
Peter R.,
We either don’t read the same history books, or we don’t read them the same way.
I must be crazy. That’s ok with me.
Best to you,
LPG
When the shiite hits the fan do you really think your rulers will allow you to hold gold or silver? They are already making it difficult and in some cases illegal to pay for thinks in cash. Just think what they will do when the debt bubble implodes. Are you ready for martial law?
ARE YOU……??????????
Jade Helm:
When I was in Vietnam between 1968 and 1970, the US had the most powerful military machine in the world. The Air Force used to send out flights of 27 B-52s in one package to bomb the jungle. Each B-52 carried 117 750 pound bombs. When they dropped, you could feel it 10 miles away. I shudder to think what it was like to be on the ground under it. It flattened an area 500 meters wide and miles long. The target was a bunch of illiterate poorly armed soldiers who carried an AK-47 in one hand and a ball of rice in the other.
In their audacity and arrogance of fighting against the most powerful military in the world, the Vietnamese and their Chinese allies called the US a paper-tiger.
Guess who won?
Calling the US a paper-tiger today would be a compliment. The US government can make rules until the cows come home and they are soon going to realize it’s end of empire.
The signs of decay in The American Empire are also internal, go to Walmart in The US and you can purchase a man’s shirt that is xxxxxl, yes that’s 5xl, forty years ago xl size was for the big people not anymore. DT
Fourty years ago America was inspired and energetic. It was also younger and more innocent. It was the days before Crack and Meth and home invasions. People still left the keys in their cars and slept with the windows open and front door unlocked. Kids camped in backyards. People respected and looked up to the police. A lot of water has gone over the dam in that time and a lot of burgers, fries and sodas got packed away by a formerly thin culture that has now become amongst the most obese on earth. But what’s fourty years amongst friends. Just a generational change and proof of how older people make society more cynical and distrusting. Just proves demographics makes all the difference in the trends.
It doesn’t have anything to do with demographics but like the Roman Empire people in The US have become soft in mind and body. DT
DT…knows his business. I know for a fact its all going
to completely collapse. Its primed and ready.
There is no way out only through great human suffering.
People will scoff and its is to be expected. Otherwise, it
would not happen. 09 people were negative. Never happened.
Now the majority is complacent and (soft like DT says.) At a
time things are more than twice as bad as 2009.
DUH !!!!! A 2 year old could figure this out. Its pathetic.
People are still scratching their heads. STUPIDO !!!!!
United Kingdom of Great Britain and Ireland will join totally the EURO ! Day starve and ( BRAINWASH ) the sheeple into complacency !!!!!!!! http://onthetrendyroad.com/2013/02/27/mr-brainwash/
Coffee and sugar both forming bottoms. in the case of sugar its back at prices last seen in 1999….sixteen years ago! I should point out it has been lower a couple times since then. Once was after a phenomenally steep decline in 2010. But still……16 years is a long time ago for prices to be seeing those levels again.
Gee what are the odds price heads back up in short order?
Bird way Gold is no back 1999 ? 250 $ ?
Why is gold not back to 1999 prices? Actually…that’s a good question franky. I read somewhere the other day that gold is actually in a multi-century bubble. If not for the gold bugs it may have reverted to its mean already. But my best guess is that sugar has no investment following like gold does. Maybe give it a little more time to decide how far it will fall. We cannot rule out Ricks call for gold to decline all the way back to 810 dollars before this is over (and its not over yet).
Steve Quayle calling for $60,000 gold today. Like I said earlier…
The “gold bugs” being the rest of the world that understands the reserve currency is a lie predicated on theft.
Goldbugs have their place and bring a lot of good and interesting information and theories forward. Few people I enjoy listening to than Jim Willie. He is an entertaining guy. They are no different than every single analyst out there promoting companies.