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Summer is definitely here.

Big Al
June 11, 2015

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Summer is the time to take it easy and assess your portfolio. That is certainly what we are doing.

Discussion
105 Comments
    Jun 11, 2015 11:51 AM

    .no surprise. Precisely as predicted.
    and this market looks grim. O is at
    the helm. He can do whatever he
    wants. Jade Hell ?

    On June 8, 2015 at 10:25 pm,
    HEAVYHITTER says:
    Hereโ€™s a preview of golds future. Expect a rally into wed.
    and then a big fall for the the remaining time into next
    week.
    Gold is going to fall on hard times unfortunately. Oil
    does not support gold at these prices.

      Jun 11, 2015 11:22 AM

      Notice to JJ…time stamp your market calls in posts.

      I do it.

      You have absolutely no credibility.

      Give your fruitless exercises a long ..long rest.

      Don’t give me any lip either. Its only fair game.

      The BS is already knee high in here.

        Jun 11, 2015 11:27 AM

        I think he is gone…….and said bye, bye to matthew………and shad……”I think, therefore I am”. ๐Ÿ™‚

          Jun 11, 2015 11:32 AM

          Com..on ..everybody……lets have …a good time !!!!!!

          There they go….YEEEEEEE….HAAAAAAAAAAAA !!!!!

          http://www.youtube.com/watch?v=HKlhW0Xi1m4

          Isn’t that….SWELL. !!! ๐Ÿ™‚

            Jun 11, 2015 11:47 AM

            is it better to be in the pink, or the red…………

            Jun 11, 2015 11:57 AM

            I’ll definitely take the red list in favor of the kill shot than go to
            the pink loonie tune bin.

            Jun 11, 2015 11:59 AM

            they will be rolling out the red carpet……….

            Jun 11, 2015 11:00 AM

            just remember, if the carpet stays out in the sun to long…..it turns to pink…

            Jun 11, 2015 11:09 AM

            No red carpets….its going to be….swallow a few bullets.

            Guiloteen Renovator …will be extremely busy too.

            Ha…Ha…heads will be a….Rollin…

            And the dreamers..keep dreamin. The BS will continue
            until the very last day before destruction.

            Jun 11, 2015 11:31 AM

            franky….Stop…..WW3. Alert…we boys are still on it.

            http://sputniknews.com/politics/20150611/1023214713.html

            Jun 11, 2015 11:57 AM

            TPP..ALERT….

            R.F.I.D chip is in TPP. Story developing.

            Going to be mandatory to work, buy and sell.

            Cash will be eliminated.

            YOU GUYS BETTER WAKE UP….

            Jun 11, 2015 11:03 AM

            THANKS FOR sputnik report…………

            Jun 11, 2015 11:07 AM

            Your welcome…

            Been holding back the main report.

            No one is ready for it yet.

            HA..HA…BECAUSE THEY CAN’T HANDLE THE TRUTH.

            We really are doomed. Take the chip…or don’t eat.

            Jun 11, 2015 11:30 AM

            These characteristics and mode of living/thinking will
            continue.

            KEEP SINGING YOUR SONG FOLKS.

            http://www.youtube.com/watch?v=qxWZT0PXkGg

            Sing it….all the way to Singh Singh….

            Crash, bang…boom….and a mega…SPLAT !!!!

          Jun 11, 2015 11:20 PM

          Hope you are wrong!

        Jun 11, 2015 11:20 PM

        Well then, get out your shovel!

      Jun 11, 2015 11:19 PM

      Thanks Heavy

    Jun 11, 2015 11:53 AM

    This is an interesting article that coincides with the discussion we’ve had on this blog a few times recently that points out a rise in rates doesn’t have to be negative for Gold.

    WARNING: This is a Fundamental data point and is likely useless

    Fedโ€™s First Rate Hike In 9 Years Doesnโ€™t Have To Be Negative For Gold โ€“ Macquarie

    http://www.kitco.com/news/2015-06-10/Fed-s-First-Rate-Hike-In-9-Years-Doesn-t-Have-To-Be-Negative-For-Gold-Macquarie.html

      Jun 11, 2015 11:04 AM

      FED has been raining rate from 2004 to 2008 and gold kept rising.

        Jun 11, 2015 11:05 AM

        GOld up and down does not have anything to do with fundamentals. It happened since October 2012 QE3. Money is loose and gold goes down. It is US and custodian gold which is released to the market.

        Jun 11, 2015 11:21 AM

        Good example Lawrence.

        Jun 11, 2015 11:22 PM

        Yes it certainly did, Lawrence!

      Jun 11, 2015 11:18 AM

      I’ve been stating for years now that rising rates will not be bad for gold. No “mights” or “maybes,” gold will be fine.

        Jun 11, 2015 11:16 AM

        You’ve been very consistent on this topic for sure Matthew. I believe about 2 years ago you posted the charts showing that gold rose in value the last few times that rates were hiked after being suppressed for a while. I have to tip my hat to you sir, because at the time that was counter-intuitive to my thinking, and now it is making more sense when you take it in context of what the real rates are.

          Jun 11, 2015 11:21 AM

          ….and the first sparks of inflation…….

            Jun 11, 2015 11:39 AM

            Yup, for a recent example, the 10 year U.S. Treasury yield went up about 70% from its 2003 low to its 2007 high (@5.25%!) and gold went up 82% in the same period.

          Jun 11, 2015 11:33 AM

          I’ve tipped my hat to Matthew for the same length of time Shad. He’s completely steady seeing off the fools one by one! lol.

            Jun 11, 2015 11:41 AM

            I don’t know about that, Andrew, but thanks!

            Jun 11, 2015 11:44 AM
            Jun 11, 2015 11:51 AM

            A rock and roll classic.

            Jade Hell..TPP..Vatican..WW3 = ..DIRT NAP

            R.I.P.

            Jun 11, 2015 11:58 AM

            If people would have only woke up.

            http://www.youtube.com/watch?v=8de2W3rtZsA

            If people only would have listened.

            TOO LATE NOW…..LIGHTS OUT !!!!!

            But no. they laid back and puffed on a big..Fatty.

            Jun 11, 2015 11:25 PM

            Thanks for your continued commentary, Reverend!

            Jun 11, 2015 11:23 PM

            ‘A peaceful man stands tall’, Al as sung by Megadeth.

            Jun 11, 2015 11:49 PM
            Jun 11, 2015 11:03 PM

            Matthew my buddy paid my way in to go see Megadeath open for Iron Maiden two years ago, right on the main floor down in front of them. They can still rock it out, and had more of political commentary under the large video screens discussing past/present/future politics, war, GMOs, and the coming military industrial ravages of the modern world. Amazing guitar solos for hours…..

            Jun 11, 2015 11:04 PM

            HH – that was a wild video as well : – )

            Jun 11, 2015 11:30 PM

            Shad, who would have thought that they would still be at it after 30 years? And Mustaine hasn’t changed much; he must have more hair than any other over-fifty metal head. ๐Ÿ˜ฎ

            Jun 11, 2015 11:49 PM

            Shad, I’m a wild and crazy guy…

            Actually, all credit goes to franky.

            He sent it to me and was bustin out
            laughin. Lady friend of mine last night
            showed it to her and she had no comment.

            It is a weird gig I have to admit. Laughed at
            all the other videos though.

            Leave you with this…..Looks That Kill…

            http://www.youtube.com/watch?v=JUtWHPZk7Es

            Crank the volume. This is a …bad boy …for very bad girls.

            Jun 11, 2015 11:17 PM

            Hilarious Matthew! Yes, you also should have seen some of the guys with white hightops and spandex pants and tight shirts that showed how much gravity is starting to take its toll on the body but not their metal spirit.

            HH – Motley Crew has always rocked. Love it! But I’ll say this, your absolute best post of the day was the Let’s Party post with the Flying Pink Elephants. I laughed so hard I spit out the food I was eating. ๐Ÿ™‚

            Jun 12, 2015 12:28 AM

            Shad, I just hope is wasn’t a lobster dinner being wasted.

            ๐Ÿ™‚

            btw…great having you on the site. You supply a wealth of
            information and probably the most pleasant guy who has
            ever posted.

            Jun 12, 2015 12:36 AM

            Thanks HH. Have a good one!

        Jun 11, 2015 11:24 PM

        I put a lot of credence in your opinion Matthew. Hope you are right. But, then again, I don’t see rates going up for awhile. And, then again, I told see an upward major move in gold for awhile.

          Jun 11, 2015 11:39 PM

          I agree Big Al on all points (Matthew is A-OK; rates aren’t going to go up “meaningfully” any time soon; and gold isn’t going to have a “major upward move” for a while).

      Jun 11, 2015 11:22 PM

      We talked about that a bit with Dan K. Will be on the upcoming Weekend Show.

    Jun 11, 2015 11:02 AM

    Now Both World Bank and IMF are calling FED to delay the rate hike to 2016. Those organizations serve the Power that be so they don’t say things contrary to what US government is planning. I suspect they are trying to spread the rumour to have people prepared. Can you entertain what will happen is FED donโ€™t raise rate in 2015, or even 2016? Both year 2000 and 2008 bubble were produced by FED 1% interest rate for 1 year. Now FED has kept rate at 0 for 6.5 years. This is absolutely insane.

      Jun 11, 2015 11:03 AM

      Gary, do you have some thoughts for this?

        Jun 11, 2015 11:01 AM

        They are definitely making the same mistake they already made twice before.

          Jun 11, 2015 11:38 AM

          I still believe the FEDs acts on behalf of the big banks. The largest investment that the average person has is their home. Unfortunately, most do not own their homes, which is even worse. Now, first time home buyers are renting rather than purchasing.
          Secondly, this is also a global problem, not only a US problem. Around by me, 50 year old homes are selling for $700,000. This same home could have been bought for half 15 years ago.

          Now, everything in cost is exploding. Education, health insurance, (be prepared for another 20% increase), food, taxes, etc.

          So what other choice does the FED have? And yes, it is insane.

            Jun 11, 2015 11:47 AM

            TEN CENTS ON THE DOLLAR………coming………..Called BR……….

            Jun 11, 2015 11:01 AM

            I feel that the world will look very different 10 years from now. Something we take as granted now won’t work anymore. Saving will have a different meaning, definitely not cash in the bank.

            Jun 11, 2015 11:21 AM

            Savings in the bank, will be the banks property……….

            Jun 11, 2015 11:30 AM

            Also pension will be a dirty word

            Jun 11, 2015 11:49 AM

            especially govt. pensions

            Jun 11, 2015 11:27 PM

            Government pensions will be the LAST to go. Everything else (bail-ins, etc.) will be sacrificed first.

            Jun 11, 2015 11:27 PM

            Remember the owners, Doc!

    Jun 11, 2015 11:02 AM

    Throw the history books and past performance away.

    NEW PARADIGM !!!!

      Jun 11, 2015 11:16 AM

      ditto

      Jun 11, 2015 11:28 PM

      Well, at least I know that you listen to some of what I have been saying!

        Jun 11, 2015 11:33 PM

        We listen to everything you say Big Al, because you are the man!

    Jun 11, 2015 11:15 AM

    INSANE……….”0 for 6.5 yrs. This is absolutely insane”…………..100% correct

      Jun 11, 2015 11:23 AM

      This is the problem of Keynsians. They assume that we will die some day but their grandsons still alive. He did die though so it is OK for him and his generation. The whole world is on road of no return, a super bubble.

        Jun 11, 2015 11:28 AM

        ditto

          Jun 11, 2015 11:17 AM

          Shouldn’t it be Borris from Moscow?

            Jun 11, 2015 11:22 AM

            I think Borass from Moscow would be good…………

            Jun 11, 2015 11:22 AM

            good one.

            Jun 11, 2015 11:33 AM

            I personally like “Vladdy” from Moscow ๐Ÿ™‚

            Jun 11, 2015 11:51 AM

            how about……S.Frosty from Moscow

            Jun 11, 2015 11:53 AM

            We need to take up a vote, before the end of the day…..

            Jun 11, 2015 11:54 AM

            I am order new business cards…and the offer expires at midnite… ๐Ÿ™‚

            Jun 11, 2015 11:55 AM

            should be ordering,,,,but I hate ordering anyone around….

        Jun 11, 2015 11:29 PM

        Yep Lawrence, “in the end we are all dead”.

      Jun 11, 2015 11:38 AM

      Double ditto- get my cell number from BIG Al and call me Jerry!!!!!

        Jun 11, 2015 11:48 AM

        ok…………….

          Jun 11, 2015 11:56 AM

          it is up to BIG OWL……now……………mission done.

            Jun 11, 2015 11:30 PM

            Huh?

            Give me a call Frank. 360-606-1874

            Jun 11, 2015 11:55 PM

            back to hooters…better to have a pair than a spare…better than Moscow…

      Jun 11, 2015 11:18 AM

      Yes FFM – Insane is right!

        Jun 11, 2015 11:23 AM

        I knew may insanity would pay off…………

          Jun 11, 2015 11:25 AM

          may to my………….mayday, mayday,,,,,,,,

            Jun 11, 2015 11:40 PM

            ๐Ÿ™‚

          Jun 11, 2015 11:31 PM

          So where do we send the checks?

    Jun 11, 2015 11:21 AM

    For me, this is not a time to take it easy. Opportunity is knocking.

      Jun 11, 2015 11:46 AM

      DAMN STRAIGHT!!!

      And it’s knocking with both hands, if not, pounding on the door!

        Jun 11, 2015 11:20 AM

        Is that what that is…..I thought it was my head pounding from all the conflicting numbers that keep get reported. ๐Ÿ™‚

          Jun 11, 2015 11:23 AM

          Or it could be all them “spirits” you’ve been ingesting while trying to figure out these confusing markets ๐Ÿ™‚

            Jun 11, 2015 11:40 PM

            Well said. I’ve gotten rather spirited!

      Jun 11, 2015 11:52 PM

      And never switch your attention away from THAT opportunity !

      https://www.youtube.com/watch?v=ID1mST8AzGo

        Jun 11, 2015 11:09 PM

        I love Young Frankenstein Brian. Good one!

    Jun 11, 2015 11:51 AM

    M. Alan-vestment ain’t malinvestment! ๐Ÿ™‚

    Jun 11, 2015 11:27 AM

    SAXO BANK

    Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe – 11 Jun 2015

    Jun 11, 2015 11:04 PM

    SILVER EXPLOSES IN INDIAN…………..UP 3000MT……..zerohedge
    this might change the gold to silver ratio……which GT does not exist……..
    ๐Ÿ™‚

    Jun 11, 2015 11:54 PM

    We should get a great buying opportunity this summer with GDX around $15. Just have to be patient and then you could get a 40% rally over 2 months – Aug, Sep.

      Jun 11, 2015 11:10 PM

      Agreed Paul L.

    Jun 11, 2015 11:19 PM

    Below is a good interview with Mickey Fulp and Kerry Lutz from the Financial Survivor Network. They get off to a funny start, but then they cover the general markets, smart money starting to position itself, Gold price, Bitgold versus Bitcoin, and more.

    http://www.goldgeologist.com/audio/Financial-Survival-Kerry-Lutz/Mickey_Fulp_01.Jun.2015.mp3

      Jun 11, 2015 11:33 PM

      They also have some interesting thoughts on Platinum, Palladium, Copper, Platinum-to-Gold Ratio, Silver-To-Gold ratio, Brent crude Oil versus WTI Oil pricing, Natural Gas pricing and future projections, Nuclear power & Uranium, & Japanese Reactor restarts, and the summer doldrums and then more on Uranium miners again – They also feel the buzz is picking up on Uranium miners.

    Jun 12, 2015 12:08 AM

    TORONTO CONDO HOUSING GLUT……………..zerohedge

    bb
    Jun 12, 2015 12:09 AM

    thx 4 the link Shad

      Jun 12, 2015 12:20 AM

      No problem bb. That was a really good interview with Mickey Fulp and Kerry Lutz and they covered a ton of ground on almost every area of the marketplace.

      Cheers!