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Interesting gold commentary from Gary

Big Al
May 29, 2015

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Discussion
33 Comments
    May 29, 2015 29:41 AM
    May 29, 2015 29:53 AM

    Allied is not the canary. Harmony mine is more of a canary. Allied was to young. Many examples of companies going bust before they even really get going. Collosus was a similar screw up. We want to see existing mines with production history go bust. Poorly planned and managed start up mines will always go bust no matter the commodity prices.

    May 29, 2015 29:01 AM

    Just like the housing bust started in sub prime and worked it’s way up the food chain the bust in miners will start with the weakest and eventually infect everything but the strongest.

      May 29, 2015 29:16 PM

      Same with oil.

    May 29, 2015 29:09 AM

    Do you agree or disagree with Clive Maund that a bear market in stocks is imminent?
    http://www.clivemaund.com/article.php?art_id=3467

      May 29, 2015 29:09 AM

      That question is for everyone.

      May 29, 2015 29:13 AM

      I think a small correction is coming – say 10 to 15% but I don’t think the markets are done moving up.

        May 29, 2015 29:33 AM

        Mr. “I don’t know how to spell” did not specify a time frame.!

      May 29, 2015 29:32 AM

      When you learn how to spell, I will comment.

      Ho well, as my wife says, don’t laugh at the unfortunate.

      Yes, I do agree with Clive Maund.

        May 29, 2015 29:44 AM

        What did I misspell? 🙁

        LFP
        May 30, 2015 30:11 AM

        Big Al:

        Regarding ”…spelling…”, perchance was your ‘…Ho well,…” [contained in line 2 of your message body] intended to be ”…Oh well,…” .?.?..
        😉

        —LFP

          May 31, 2015 31:19 PM

          Great Point. I was thinking that maybe Al was kidding around with the Ho Well, after the comments on spelling….but maybe there is a spelling curse on this blog that is spreading…..

      May 29, 2015 29:36 AM

      Stocks are due for a move down into a 7 year cycle low either later this year or early next. The Fed is going to intervene in the market to try to prevent it. It’s anyones guess as to what the outcome will be.

    May 29, 2015 29:17 PM

    I am long oil and short gold. Just wondering which way the $ will move so that I can make me some.

    May 29, 2015 29:32 PM

    Well if oil doesn’t hit $68 this Summer we can always just blame Gary. 🙂

      May 29, 2015 29:52 PM

      I would prefer to blame Frank from Moscow! He really deserves it!

        May 29, 2015 29:32 PM

        Al, I hope you realize that Frank from moscow is not me. If you think I’ve offended you, why don’t you just say so?

          May 29, 2015 29:00 PM

          Trust me wocsom morf knarf,

          You have not offended me in the slightest.

            May 29, 2015 29:16 PM

            Good. I didn’t thinks so at first but it can be hard to get someones “drift” in print. Thanks for clearing that up for me.

    May 29, 2015 29:56 PM

    Al, are we missing something you seem a tad bothered…
    please read over comments…

      May 29, 2015 29:01 PM

      Not bothered Agatha,

      Just in the recovery stage.

    May 29, 2015 29:08 PM

    I think we will have bloodbath phase instead of bankruptcy phase.
    Silver COT at ALL TIME HIGH says murk is coming via silver gold will be murked too.
    Therefore this should be short event hance bloodbath phase, but JMHO.

    Get ready for murk of your lifetime folks. Get me my $1000 now.

      LFP
      May 30, 2015 30:30 AM

      stewie:

      please stop ”murking” around and either:
      1. get everyones’s PO Box address and forward each of them a (preferably) hard-bound copy of ”Roget’s Thesaurus of Never-Heard Web Acronyms”
      or
      2. define, once and for all what you mean by a ”murk”, for future reference for this blog’s members
      or
      3. stop being such a coy smart-ass, and drop the term from future posts, at least until such time as you’ve generously (and considerately) complied with either 2 or 1 above.

    May 29, 2015 29:44 PM

    Stewie what is murk?
    In regards to Al & woscum …. You are extremely funny…

      May 29, 2015 29:11 PM

      According to the urban dictionary:
      To physically beat someone so severely, they end up dying from their injuries…
      http://www.urbandictionary.com/define.php?term=murk

        LFP
        May 30, 2015 30:38 AM

        Thank you:

        I’m archiving this one and apologising for not having followed the thread this point.

        On the other hand, I hope you’re happy about this. Think of all the shipping and handling cost you saved yourself 🙂

        Best to you, mate !

        LFP
        May 30, 2015 30:40 AM

        Correction:
        I’m archiving this one and apologising for not having followed the thread this point.
        should’ve read:
        I’m archiving this one and apologising for not having followed the thread *TO* this point.