Minimize

Welcome!

July is looking like it will be a tough month across the board

June 30, 2015

Gary kicks off today with comments on the conventional markets and the precious metals. Even with this bounce today in the conventional markets there was enough damage done yesterday that he thinks we are in for a few weeks of downward movement. As for gold he thinks this will follow everything down to Avi’s target.

Click download link to listen on this device: Download Show

 

Discussion
141 Comments
    Jun 30, 2015 30:19 AM

    JDST taxied on Friday, began take-off roll on Monday, wheels just left the runway today. 🙂

      Jun 30, 2015 30:31 AM

      Are you currently in DWTI or UWTI Jason? I always appreciate your thoughts man.

        Jun 30, 2015 30:38 AM

        Currently BAG HOLDING over in UWTI. I wanted to get a hedge position in DWTI if it dropped below $60 but I think it barely touched $59 then took off again.

          Jun 30, 2015 30:42 AM

          Thanks for the feedback Jason. Yes, I’ve still been on the sideline with Oil as it won’t make up its mind, but I do still expect it to pull back some over the next month or so if the dollar spikes due to the Euro mess. Do you ever trade XOP, XLE, or OIH?

            Jun 30, 2015 30:59 AM

            Shad,
            I still think DWTI will be a good one next week. I was in since Wednesday morning and bailed yesterday. Crude looks like it going up for the next few days. I think the conventional stocks are going up too. Next week could be big for the conventional stocks. The bull trap Rick spoke of seems to be in play.
            The big pop on PMs is due anytime now as well. Big pop and then the drop.

            Jun 30, 2015 30:04 AM

            Good thoughts Chartster. Yes I was going to take a position in it DWTI last week, but waited, and then oil moved down but right back up. My thoughts are in alignment that if Oil does get a pop for a few more days, that at that peak, it would be good to short it again for a month or so.

      Jun 30, 2015 30:17 PM

      What? JDST going up Monday? You crazy? RSI is overbought on 1 and 2 hr charts – next move is either sideways or possibly down, me thinks.

    Jun 30, 2015 30:33 AM

    Good thoughts on the Euro & Dollar today Gary & Cory. The currency markets are about to get very interesting.

      Jun 30, 2015 30:01 AM

      DEF is showing some life, they will be coming out with drill results shortly, remember always Do Your Own Due Diligence.

        Jun 30, 2015 30:20 AM

        Good catch DT. I’ve been watching Defiance Silver since Bob Moriarty brought it up but hadn’t noticed the pop today. I follow the US OTC version of it.

        Defiance Silver Corp. (DNCVF) -Other OTC
        0.11 Up 0.03(29.92%) 1:57PM

    Jun 30, 2015 30:34 AM

    Interesting discussion.

    Looks like it is time to get my bodyboard out and just go sit on the beach for a few weeks.

    Maybe a Greek beach.

      Jun 30, 2015 30:44 AM

      funny Bob UK – and good plan during these summer doldrums in PMs. 🙂

        Jul 01, 2015 01:49 PM

        It’s as hot in the UK today as it is in Greece, maybe hotter.

      Jun 30, 2015 30:25 AM

      Just remember to take cash and preferably U.S. cash.

        Jun 30, 2015 30:40 AM

        I’ll have you know Big Al that the British Pound was buying things in Greece long before the US Dollar was even a twinkle in the Bank of England’s eye. (Apart from the Elgin Marbles – we just borrowed them.).

        You can see it all here yourself:

        https://www.youtube.com/watch?v=WDbOK_fDu9Y

          Jun 30, 2015 30:20 AM

          Thanks Bob, we are recording right now. When we are done I will look it up.

          Best

    CFS
    Jun 30, 2015 30:44 AM

    I had been thinking that a Greek default within a few days was inevitable.
    I thought Frau Merkel was resolute.
    Several things are clear:
    The Greek people and the Greek parliament want to stay with the Euro currency.
    (They both realize the potential immediate inflation associated with returning to the Drachma.)
    The EU wants to retain Greece within the EU.
    Greece political power currently does not wanted to cut spending.(it buys votes to retain power.)
    However, mathematically it is impossible to meet obligations or reduce debt except by raising taxes or cutting spending and civil disobedience is rampant for increased taxes……the Greek people have repeatedly demonstrated a refusal to pay increased taxes.

    However this afternoon in Greece overtures were made to Juncker that Greece might be willing to try again, and Juncker has indicated that a 2 year extension of debt and some possible debt forgiveness might be acceptable to the EU.
    (There is no agreement from the Heads of State on this yet.)

    Thus at least one more attempt is being made to kick the can down the road for two years.

      Jun 30, 2015 30:35 AM

      That seems to make a lot of sense, Professor.

      Jul 01, 2015 01:53 PM

      I agree CFS. They are playing chicken at the moment and this time the kids playing chicken are waiting until they see the whites of the driver’s eyes before they run across the road.

    CFS
    Jun 30, 2015 30:50 AM

    It amazes me as to why the Greece situation should in any way affect the U.S. stock market; it is but a barnacle on the whale of the world economy.

      bb
      Jun 30, 2015 30:58 AM

      Psychology CFS?

      Jun 30, 2015 30:36 AM

      Again, I have to agree with you on this one, but, then again, there are others who feel exactly the opposite. Emotions are a funny thing, Professor, as you know.

    Jun 30, 2015 30:57 AM

    The smart money is overwhelmingly on the buy side:
    https://canadianinsider.com/

    bb
    Jun 30, 2015 30:58 AM

    Anyone notice the dow and s&p drops?
    How come we don’t have anyone talking about shorting the markets?
    Gold too I guess.

      Jun 30, 2015 30:14 AM

      BB – It has been pretty dangerous to short the general markets the last few years, but I do take positions in the SPXS (3x bear on the S&P 500) and TZA (3 x bear on the Russell 2000 from time to time). I am looking at August or early September as a general guideline, but an mostly watching the technical indicators for the signal.

      Do you have a shorting strategy you are deploying at present?

      Cheers!

        bb
        Jun 30, 2015 30:32 AM

        No I don’t, cash at the moment (a few shares), I think gold is on the way down, when I figure its likely stopped dropping I deploy.

          bb
          Jun 30, 2015 30:35 AM

          I have shorted gold on occasion, but only when Bird figured a drop was coming, he has been correct with timing about 90% of the time.
          I cant read technicals in the least for timing.

            Jun 30, 2015 30:40 AM

            It’s difficult for anyone to time the markets, even using technical analysis. I think Doc’s scenario is fairly sound. Did you make it on his TA video session, or catch the clip from that show?

            bb
            Jun 30, 2015 30:46 AM

            I did, but it was too advanced for me.

            I should say, I follow what a few people say, when Gary mentions a low in a cycle, Doc says “sideways to down” and Rick and Chris line up they are pretty much accurate. But Bird can call a drop in gold within a day or two.
            So, I find when they are all on the same page, odds are pretty darn good.
            At least they have been.
            Past performance being no guarantee of future performance tho. lol

            Gotta follow the conversations pretty close to catch it.
            And sometimes Birds net is down too.

            Jun 30, 2015 30:59 AM

            I completely agree with you bb regarding the validity of many of the commentators.

            Also, look for a change in our posting rules. Should come out today or tomorrow depending on Sarah’s availability.

            Jun 30, 2015 30:05 AM

            Good thoughts BB. Yes we have a lot smart cookies and good analysts on this site, and when their systems all start lining up, and overlaps with my personal forecasts, then I feel comfortable taking certain positions.

            Jun 30, 2015 30:07 AM

            And that is exactly why we have to keep a close eye on the blog. We will discuss that later today.

            Jun 30, 2015 30:08 AM

            Big Al – thanks for the change in the posting rules!!

            It is sad that we need them, but hopefully a culture of positive sharing of information and investment ideas, that is welcoming to all, will continue to flourish.

            Jun 30, 2015 30:24 AM

            We will definitely make that happen with all of your help!

            Jun 30, 2015 30:27 AM

            absolutely!

            Jun 30, 2015 30:37 AM

            It is about time Al. Long overdue actually.

            Jun 30, 2015 30:49 PM

            I noticed you. Case closed.

            Jun 30, 2015 30:32 PM

            Not sure what you’re even talking about. I always advocate people take full responsibility for their actions and investment decisions, don’t subscribe to any paid newsletter writers, and have never blamed anyone for a bad trade other than myself.

            Thanks for the comedy routine though 🙂

          Jun 30, 2015 30:37 AM

          Yep, I’m on the sidelines on shorting the general markets, but Rick’s scenario today on July 5th sounded intriguing. Cash is a fine position while things are so directionless.

          On Gold and Oil I’m mostly on the sidelines, minus a few explorers I’m holding for potential takeover targets. I am planning on starting to accumulate some of the smaller producers in Silver & Gold again next month, depending on the severity of the and momentum of the summer grind lower.

          May your trading be prosperous BB!

            Jun 30, 2015 30:39 AM

            Yep BB, may your trading be prosperous!

            I agree with Shad regarding cash is a fine position.

            Jun 30, 2015 30:41 AM

            Thanks Big Al for all you do.

            Jun 30, 2015 30:31 PM

            Bird please tone down the confrontational comments. I understand you are angry with Shad but we do not want our blog turning into an unfriendly or unwelcoming place.

            If Shad makes you this angry can you please just ignore his comments. Do it for me please buddy.

            Jun 30, 2015 30:43 PM

            much appreciated.

            Jun 30, 2015 30:08 PM

            No problem Cory. Since you asked and are rarely ever here. Actually this is my final post. I have decided to move on. There are better things for me to do and it looks like the politically correct crowd has finally taken over. They are your problem now. All the best to you and Al. I will miss you guys.

            bb
            Jun 30, 2015 30:31 PM

            Sombody posted an article yesterday? about political correctness taking over, smothering free speech?
            Wish you would have said where you were going Bird, thanks for everything.
            Avoid Hyenas when you can.

            Jun 30, 2015 30:30 PM

            Hope you hang around Bird,
            I enjoy your comments on the markets.
            Cheers.

            Jul 01, 2015 01:54 PM

            Don’t forget……and do not be deceived.

            http://www.youtube.com/watch?v=dkb_QPhj6_U

        Jun 30, 2015 30:38 AM

        I completely agree with your thoughts about August or September.

          Jun 30, 2015 30:45 AM

          Yes, we’ll have to see how it goes, but shorting the market has been a bad move the last few years unless you got in and out very quickly during one of the smaller 3-5% pullbacks. I’m watching to see if we get a little boost over the next 2 months, if the charts get into really overbought conditions and hit some resistance levels, then I may build a small position. For now, I’m not touching the general markets and am on the sidelines in that sector.

          Have a good one!

            Jun 30, 2015 30:57 AM

            As am I Shad and you too have a good one!

      Jun 30, 2015 30:37 AM

      Maybe Rick, Chris and Gary don’t think it is a good time to do that.

      I personally would not short the conventional markets right now.

        Jun 30, 2015 30:48 AM

        Yep. A little too risky, but Rick’s point about July 5th on his blog today is very interesting.

    Jun 30, 2015 30:01 AM

    Gold sub $1000 is still not here Gary. There are too many bears now for that to occur. Too easy a call. In the mean time the stealth bull continues.

      Jun 30, 2015 30:13 AM

      +1

      Jun 30, 2015 30:18 AM

      Being a perma contrarian too early just guarantees the herd runs over you. Most of the time the herd is right.

        Jun 30, 2015 30:20 AM

        How can herd be right. They are mindless. You don’t sell, you win.

      Jun 30, 2015 30:19 AM

      Gold and silver rise on time after last day of delivery notice. How can you use TA to predict manipulation is beyond me. It is better just stay in the market to wait FED run out of bullet and default. Then price will jump greatly and metal is not available.

        Jun 30, 2015 30:41 AM

        People with deep pockets can and probably should do that Lawrence.

      Jun 30, 2015 30:40 AM

      Not as of today, Confused.

    Jun 30, 2015 30:09 AM

    Gary,
    What happens IF in 2 years Gold still hasn’t “bottomed”? Will your $1000 call still be valid? Sure your call might occur, but the longer the double and soon-to-be triple bottom holds, the lower the chance of your “bloodbath” scenario. I know gold could go there, but I imagine the stock market will implode if that happens. Crazy times indeed.

      Jun 30, 2015 30:22 AM

      There will many sovereign defaults in the coming years and there is nowhere to go but real money, not mentioning inflation. US has limited physical supply. Without metal to satisfy the demand, paper will detach from physical price.

        Jun 30, 2015 30:42 AM

        Sovereign defaults from where in your opinion, Lawrence?

          Jun 30, 2015 30:54 AM

          Greece, US states, Spain, Portugal, Italy, at last US government within 10 years.

            Jun 30, 2015 30:56 AM

            IF US does not default, it has to create inflation to run the debt away. Either way gold has to rise, one is fear and the other is cost of mining.

            Jun 30, 2015 30:01 AM

            I would agree Lawrence in that eventually gold will have to rise.

            Jun 30, 2015 30:01 AM

            U.S. government within ten years. I believe that is a possibility.

            Jun 30, 2015 30:17 AM

            Or inflate debt away with financial repression, inflation has to be there. I am sure it is not by taxation alone. Otherwise there will be a revolution.

            Jun 30, 2015 30:33 PM

            I agree Lawrence. Inflate, print money, and continue to roll over debt until the very end. That seems to be the game… for everyone.

    Jun 30, 2015 30:00 AM

    Gary,
    sometimes you can make money being a contrarian. Nn the TSX, there have been at least 28 gold and silver stocks that have increased %15-185 since the November lows. I don’t see that as getting “run over by the heard;” at least not yet. Anyway, until there is a serious breach of the double and soon to-be-triple bottom, I am excited about this 8 month old stealth bull. Having said that, I certainly will be chewing on humble pie should your predictions come true;)

    Jun 30, 2015 30:06 AM

    Gary you need to talk to Rick about the Euro – he thought it bounced yesterday because it was oversold, it was the Swiss coming to the rescue.

      Jun 30, 2015 30:45 PM

      Tyler,
      No kidding I said that in yesterday’s interview.

    Jun 30, 2015 30:10 AM

    Pensions teetering elsewhere….Here in the U.K. my wife and I have long maintained our state pension which is a Ponzi scheme by any other name could be the first thing to get means tested. Every contingency needs to be planned for.

    http://tunein.com/radio/Financial-Survival-Network-p415063/

      Jun 30, 2015 30:24 AM

      I completely agree, Reverend, “every contingency needs to be planned for.”

      Trust me, Kathy and I are doing that to the best of our abilities and I know that you two are!

    Jun 30, 2015 30:18 AM
      Jun 30, 2015 30:34 PM

      Greece has been in the news for so long that it no longer has an impact on gold. That said very few Geo-political issues have an impact.

        Jun 30, 2015 30:24 PM

        Yes. What would have previously been a prime mover in PMs just a few years ago, barely moves he needle now as the paper markets and central bankers now move the markets.

        I thought George Gero also had some very interesting comments about Platinum in that interview as well.

    Jun 30, 2015 30:25 AM

    I know a few people have mentioned they’re following Yamana.

    Yamana Provides Notice of Second Quarter 2015 Financial Results Release

    http://www.juniorminingnetwork.com/junior-miner-news/press-releases/763-tsx/yri/8942-yamana-provides-notice-of-second-quarter-2015-financial-results-release.html#.VZLQh_k7uWg

      Jun 30, 2015 30:25 AM

      We’ll see how things look for Q2.

    Jun 30, 2015 30:31 AM

    Folks, I think the euro experiment is close to over… The charts look weak on the dollar and the euro. Both look like they are going down! The inverse trade looks to be coming to and end!
    Maybe the countries are getting their own currency?
    Maybe the euro goes par with the dollar and falls with the dollar?
    Maybe the euro will be used at a SDR ( special drawing rights ) mechanism?

    Either way, they both look weak. ..weird…

      Jun 30, 2015 30:36 PM

      you are right the Euro is looking very weak. Listen to what Chris and I had to say about it in today’s editorial. There are no positive driving factors in my eyes.

    Jun 30, 2015 30:34 AM

    Doc,
    I sure would like your long term forecast on the dollar and euro.
    Thanks

    Jun 30, 2015 30:28 PM

    How bout the Yuan— does it look weak….?

      LFP
      Jun 30, 2015 30:56 PM

      AGATHA:
      Just run a Fib on the Renminbi’s 10-year chart [weekly & montly], Agatha, and [I think} your query will be ‘auto-responding’.
      BTW, this isn’t to imply you’re talking with yourself ! [ Ha Ha 🙂 ]

      —LFP

        Jun 30, 2015 30:01 PM

        LFP, you seem to have a very good grasp on technical analysis from reading some of your past posts. I’d love to hear your input, or price targets, or what you’re following on this blog more often.

        Have a good one!

    Jun 30, 2015 30:30 PM

    This is what I’ve been talking about, Agatha.
    The game changer.

    http://www.marketoracle.co.uk/Article51251.html

      Jun 30, 2015 30:39 PM

      This article may be right but I am still on the other side. I think there will be a shift away from the USD as the reserve currency but it will take time and not be because China (or another country) will significantly back it’s currency with gold.

      Just my opinion.

    Jun 30, 2015 30:31 PM

    And no, the yuan does not look weak.

      Jun 30, 2015 30:19 PM

      At least not quite yet, Charster!

    Jun 30, 2015 30:41 PM

    The thing about the yuan going gold backed. It forces the rest of the world to do the same thing. If any currency did not go gold backed, it would immediately collapse. All currencies are fiat. If one goes to the gold standard, all have to go to the gold standard.

    The fiat currency system is very close to the end!

      Jun 30, 2015 30:28 PM

      I would like to agree, but I think that many would not. (Regarding the fiat currency system)

    Jun 30, 2015 30:38 PM

    Al,
    The new system looks to be ready to launch. It could literally happen over a weekend. It obvious the debt system has run it’s course. I’m quite surprised people don’t see this.
    Several countries have announced they are backing their currency with gold. Look at all the countries buying gold. The news is everywhere. The nations in Europe printing new currencies is a pretty big clue.

      Jun 30, 2015 30:49 PM

      Fair enough, Charster! I guess that we an hope~

      bb
      Jun 30, 2015 30:53 PM

      Chartster
      Several countries have announced they intend to back with gold?
      Which ones?
      Closest I have seen is a billboard in China and Hugo Price.

        Jun 30, 2015 30:35 PM

        bb,
        Some in Europe, Russia, China, some in Africa ( including Zimbabwe ) and other countries in Asia and the Middle East.

    Jun 30, 2015 30:46 PM

    chartster with all due respect …no one has backed their currency w gold..are you ok?

      Jun 30, 2015 30:52 PM

      I interpreted him to say, “could back their currencies with gold”.

    Jun 30, 2015 30:51 PM

    Agatha,
    They have to do it all at once. Are you ok?

    Jun 30, 2015 30:53 PM

    I guess that’s why they are calling it.
    The ” Reset “

      Jun 30, 2015 30:39 PM

      We will see. If it does happen it will be a shock to many countries around the world.

    Jun 30, 2015 30:51 PM

    Cory,
    When it does happen the countries will rejoice. They won’t have to worry about using the USD which was exported to them and created huge inflation. But the exported debt saved America from hyper inflation. It certainly has run it’s course.

      bb
      Jun 30, 2015 30:55 PM

      Didn’t read the whole thread, I understand what your meaning now.
      Well, maybe that is the reset that’s bin talked about.

    Jun 30, 2015 30:54 PM

    I by no means like the Fed. But they have managed to save a collapse.

    Jun 30, 2015 30:13 PM

    A number of comments have been deleted! Please everyone, it is ok to disagree with people but do not resort to name calling. Your opinions and facts are welcome but we want to make this blog welcoming!

    If someone’s comments make you mad and you can not respond civilly please move on and forget about it.

    Please do not make Al and I spend the majority of our time moderating this board. We love reading all your comments but let’s keep them on track!

    Jun 30, 2015 30:16 PM

    THE BOTTOM IS IN…………

      Jun 30, 2015 30:46 PM

      for which market FFM? (Gold and Silver)

        Jun 30, 2015 30:59 PM

        GOLD FIRST , THEN SILVER….
        Chartster posted a great article concerning Yuan…..and gold backing.
        Deviant Investor ……is indicating a spike to happen in silver based on volatility.

          Jun 30, 2015 30:01 PM

          Oh, and I have my own way of spotting a bottom………

            bb
            Jun 30, 2015 30:09 PM

            I wont get too excited by bottom is in calls, we been hearing them for years.

            Maybe Bo can start hollering for “to da moon” for July.
            I wonder how those guys keep going after so many crow dinners.

            Jun 30, 2015 30:32 PM

            A lot of people, as I understand it, are paying Bo a huge amount of money for his thoughts!

            Jul 01, 2015 01:30 AM

            bb……….no bird jokes…….please

            Jul 01, 2015 01:31 AM

            RIP……….

          Jun 30, 2015 30:59 PM

          Good thoughts FFM.

          To me PMs look to be in “no-man’s land” bouncing back in forth in whipsaw grind gradually to the downside. Of course something fundamentally surprising could change that suddenly, but technically we are still in that falling wedge pattern. As Doc mentioned, and Gary Wagner/Jordan Roy-Byrne, when the pattern energy builds up tighter and tighter there will be a breakout. Typically with a “falling wedge” pattern the breakout is to the upside when it finally does make a big move. (Aug/Sept?).

          I’m said since Feb/Mar that my target would be a grind down to a low in the summer months (June – Aug). We are in that window now, but I’m still watching to see if things move a little further down, before starting to build bigger positions.

          Of course, this whole Greek thing can go either way, but up until now it hasn’t moved the markets in a meaningful way, but has provided a floor to the downside thus far.

            Jun 30, 2015 30:04 PM

            Thus far Gold hasn’t tested the March 2015 lows, much less the Nov 2014 lows, so until those get tested or we break above 1308, 1347 and in particular 1382 confirming a new bull market in Gold, we are range-bound and down.

            Jun 30, 2015 30:30 PM

            Agreed

            Jun 30, 2015 30:30 PM

            For anyone that may be interested, this video presentation from 2 weeks ago is still on target, and Jordan addresses his perspective on why he feels sub $1000 gold is not very likely, unless it is just a momentary dip below it. He sees the strongest support in the $1050-$1000 zone. It’s a pretty good short presentation he ends the presentation with a falling wedge discussion as well.

            Precious Metals Market Update: A Technical Update on Gold – Jordan Roy-Byrne
            BY COLLIN KETTELL ON JUNE 17, 2015

            http://palisaderadio.com/precious-metals-market-update-a-technical-update-on-gold-jordan-roy-byrne/

            Jun 30, 2015 30:30 PM

            Collateral damage (potential) from Greece could do strange things.

            Jun 30, 2015 30:44 PM

            agreed.

            Jul 01, 2015 01:09 AM

            Shad ………….I agree with you., in “no-man’s land”……….technical I do not follow.
            Long term planning is required with this investment..imo………Just like real estate is long term planning, any body that is a house flipper, is only gambling, and knows nothing about Real estate long term, but, is a follower not a leader.

            Jul 01, 2015 01:10 AM

            AND I SHOULD ADD…….I do not disagree with trading, nor technicals………

            Jul 01, 2015 01:26 AM

            delete……….”follower not a leader” in above comment, due to it may be confusing or agitate someone…….

            Jul 01, 2015 01:40 AM

            Good points on real estate and long-term planning with investing Frank….The boot.

            You’re a wise man 🙂

            Jul 01, 2015 01:37 AM

            You’re not to bad yourself Shad……….keep up the great work and contribution….. BOOT

      Jun 30, 2015 30:34 PM

      For what exactly?

    Jun 30, 2015 30:11 PM

    Birdman…i do hope you continue to post. Your wisdom and insights are much appreciated by a lot of people on this blog.

      Jun 30, 2015 30:29 PM

      Among others, I certainly do!

    Jun 30, 2015 30:40 PM

    Al and Cory

    Just curious:

    Were the COMMENTS section guidelines I posted the other day helpful?

    I’ve worked on a a couple large websites, and the rules I mentioned are the ONLY ones that work, in my opinion, for keeping blogs, forums, and comment sections working for the long-term.

    Brian

      Jun 30, 2015 30:21 PM

      I believe so, thanks Brian

    Jun 30, 2015 30:23 PM

    I don’t know what happened over the last two days because I didn’t see anything that should have generated such a childish and over the top sequence of events that the board was subjected too, but that crap I saw posted yesterday that was basically giant slam-fest against Birdman was completely over the top and unjustified.

    So now, so we don’t hurt a few of the more delicate and sensitive members of the PC community or hurt someones little feeling around here we can only talk about mining stocks or what the new thought police power gang deems appropriate.

    Well isn’t that special. That’s everyone’s idea of an open and interactive forum of wide ranging opinions.

    What an utter disappointment!

      Jul 01, 2015 01:04 AM

      What is an utter disappointment is when the weekend show turns into a runaway train of negative posts, trolling, religious and political bickering, and is a cesspool like something you’d find on a Yahoo message board. It’s been like that every week for months now, and most people don’t want to be attacked for their post, or watch a bunch of preaching and name calling from grown adults like its a romper room.

      Vortex, personally I’m all for freedom of speech, have organized concerts and marches for free speech, have signed petitions and called congressmen for free speech and am an entrepreneur, libertarian and anarcho-capitalist activist. Those are at the Federal level, as a citizen in a country. Not on a PRIVATE website. You don’t have the right to walk into a church, or business, or city planning meeting and just start shouting from the hills and insulting everyone there. They’d kindly have you removed. You can’t show up in a coffee shop wearing a sandwich board and start screaming at all the people in there for long, before they’ll escort you out.

      I’m all for people acting like adults, but for the last year a few rogue posters have attacked any poster’s thoughts they don’t like repeated, mocking, insulting, trash talking and just running away tons of good people so they could proclaim to the world all their neuroses. How does that help the focus of an investing blog on precious metals and energy? How is that in any way fruitful towards people wanting to share anything when someone comes along every post and craps all over any pundit, article, or economic position. (Answer – It doesn’t).

      Almost any successful blog site that survives has some moderation. Every one. No, that is not inhibiting your First Amendment right to free speech on a PRIVATE website. Big Al & Cory have every right just like any other blog like Seeking Alpha, Motley Fool, Turd Furguson, etc… to moderate.

      Vortex do you not remember this discussion where you lamented to Jody who was one of the casualties of this site at the same time Glenfidish left due to all the drama?

      On April 3, 2015 at 6:43 pm,
      Jody D says:

      I’ve stayed away from this site for awhile. I am now back only to find that the back stabbing and name calling appear to be at an epidemic level again. Cutsie “lol….”and smilie faces after flinging insults…is this grade school?

      What is happening to this once informative and friendly site???? Groups of grown men who have nothing better to do then to take sides and then calling each other pathetic names!

      My hope is that it can return to the enjoyable and educational place it used to be. Am I asking too much? Do the other readers take offense at the constant barrage of hate that is being displayed? Is this the new normal for civil behavior?

      I’m not being snarky when I ask this. I think it is a disservice to Al and Cory to let this continue as it is.

      Jody D

      o On April 3, 2015 at 7:20 pm,
      Vortex says:

      Jody,

      Once a free content message board reaches the level of abrasive discourse and clear division that this one has, it’s very difficult for it ever to recover.
      At some point in the future it will simply become too undesirable and not worth anyone’s time to come here and wade through the divergent personalities and endless infighting.

      Unfortunately, I myself bare some responsibility in the big scheme of things as a longtime guest and contributor here. Often times I have been guilty of poor behavior and that was and is unfortunate on my part.

      Hopefully cooler heads, maturity and a more humble form of opinionated bravado can prevail (not censorship) and we can get back to making this a more civil self governing place that Big Al can once again be proud of as the owner and host and for all of us to enjoy a great dialog of globally diverse opinions.
      V ”
      ____________________

      Well, several months later cooler head had not prevailed. People were getting even more combative, and there are even people on the weekend show trying to get each others numbers so they can yell at each other and threatening to meet up and have a fist fight. If you like reading that kind of thing, then the internet is full of racy websites where everyone can tear each other down all day.

      Unfortunately, some people get a kick out of trolling, insulting, and tearing down others content on a daily basis. if they were in your businesses board room screaming at your worker and customers, you’d never allow it if you want to grow and attract new people. Make sense?

      I’m sure Al and Cory don’t want that kind of environment for their site, their readers, their audio contributors, or their sponsors.

        Jul 01, 2015 01:21 AM

        This was one of the first 6 posts up on the weekend show, posted in the spirit of a welcoming environment where everyone can share ideas related to this forum. After the first 200-300 comments it was clear, people when left to their own devices, would rather pollute the site, rather than contribute to the site. If it was your first time visiting, do you really want to be a part of a site where people are insulting others parents, religions, trash talking controversial topics, causing division, and getting to the point where they want to get in fist fights?
        _____________________________________________________

        On June 27, 2015 at 5:30 am,
        Shad says:

        The community Guidelines from the Craig Hemke (aka Turd Furguson) – TF Metals Report are funny and appropriate for this blog:

        Community Guidelines

        “Commenting on TF Metals Report is a Privilege, not a Right. Your access to the commenting feature may be disabled or your account permanently banned if you abuse your account to post malicious comments, spam, or disruptive trolling. Your purchase of a Gold Membership does not give you permanent commenting rights, and commenting can and will be turned off for disruptive members regardless of paid or unpaid membership status. Please follow these simple guidelines:
        1) No running or horseplay of any kind.
        2) Be nice.
        3) Be helpful.
        4) Give more than you take.
        5) Ignore trolls but use the “Hat Tip” button whenever deserved.
        6) Wait at least 20 minutes after eating before posting comments or starting threads.
        7) Treat others the way you like to be treated.
        8) Confine all controversial topics and discussions to their designated forum.
        9) If you stay on this site longer than 4 hours, seek immediate medical attention.
        10) Copying and pasting full-length articles in the forums and comments could get The Turd slapped with a DMCA copyright violation. Quote a small portion as “fair use” and link out to the article instead. The Turd’s lawyer thanks you.
        11) Have fun and be respectful. Share quality information. This site is about and for you, not The Turd. To paraphrase Benjamin Franklin: The Turd has given you the site you deserve. Now, can you keep it?”
        __________________________________________________
        I posted the 6th comment this weekend and encouraged people to be nice, share good investing info, and confine controversial topic to a venue better suited for those kinds of remarkt – — Not an investing forum on commodities and energy.
        It is called the Korelin ECONOMIC report. But people, as per usual, got really ugly towards one another again this weekend. Next I posted this:
        _______________________________________

        On June 28, 2015 at 1:28 am,
        Shad says:

        It’s funny. I posted these Guidelines from Turd earlier today when there were only 6 comments on the blog, hoping people would note the comments like (2) be nice (3) be helpful…….(8) Confine all controversial topics and discussions to their designated forum

        As I read over the comments tonight after there are tons of comments, so many people are still arguing about so many controversial topics and some are no longer being nice. It gets old reading through all the bickering over religion, politics, and watching people pick at one another’s beliefs.

        ELE – Everybody Love Everybody.
        ____________________________
        I’d say that was a pretty consistent message.

        Trust me I hate the overly politically correct way everything has become and in many cases the country and media has taken it to an extreme level. However, without a few basic guidelines, people resort to Lord of the Flies, and all value is lost, defeating the focus and purpose of the website, commentators, and future direction.

    bb
    Jun 30, 2015 30:43 PM

    Yup V, a sure recipe for a vibrant community.
    Thanks V for your input, you and others got into some good ones.
    Very informative insightful and enjoyable reads.

    Jun 30, 2015 30:13 PM

    Thanks BB, You’ve always been very kind and thoughtful.

    I don’t think anyone should have a monopoly or overarching speech suppression powers to manipulate content direction and general discourse. The PC crap that has consumed the world and distorted human behavior to sickening levels is not a world I’m interested in or a sphere of influence I would ever gravitate to, nor would I knowingly associate with elements of PC group-think minded people that espouse that warped doctrine.

    Vibrant agreements and profound opposing views and differing thoughts are vital and key to an intelligent and open forum of people looking to broaden ones scope of the world we live in. In that type of an open environment we all learn from each other even if the gap in views are wide an irreconcilable.

    And if occasionally, from time to time the conversation in general get’s a little spicy and heated………..big deal. So what.

    People need to put their big boy/girl pants on and grow up.

    V

    Jul 01, 2015 01:33 AM

    “Vibrant agreements and profound opposing views and differing thoughts are vital and key to an intelligent and open forum of people looking to broaden ones scope of the world we live in. In that type of an open environment we all learn from each other even if the gap in views are wide an irreconcilable.”

    I agree with that statement 100% Vortex, but when it gets down to “your momma” insults, threatening to get numbers to meet up for a fight, insulting priests as child molesters, trash talking every statement a poster makes, and name calling, then it is no longer a profound opposing view; it is just garbage.

    Jul 01, 2015 01:28 AM

    GREAT COMMENTS BY BOTH YOU GUYS…………….JMHO

      Jul 01, 2015 01:45 AM

      Thanks FFM. Censorship is always a touchy subject, and for the record, again, I am very against it as it relates to our First Amendment rights – FEDERAL rights.

      I do find it humorous that the same people on this site arguing for Individual Liberties, and PRIVATE property rights, don’t understand the difference between your 1st Amendment right to Free speech, and the Private individual rights of a business owner to decide who it wants to serve. Many people are all for a bakery deciding who it wants to back a cake for, or Chick-Fil-A right to have a certain stance, or a religious institutions right to decide how it wants to uphold its values without the Federal government telling it what to do, but if you want a little blog moderation in a Privately owned business, they don’t want to honor that individual right of the business owner. Seems like a bit of contradiction to me.

        Jul 01, 2015 01:50 AM

        I have to agree with you concerning the 1st. Amendment and consideration for owners of a business. But, I would imagine most have never owned a business.

          Jul 01, 2015 01:01 PM

          Good thought FFM. I would guess most haven’t owned a business, but many conservatives news outlets have covered the challenges that businesses face when forced to serve patrons they don’t want to, or churches are forced, through government mandates, to support polices that go against their faith. Many of the people making accusations of this site of now being too PC, were the same ones arguing that organizations should be able to set their own rules. However, here with this website being Big Als business, they are demanding their first amendment rights of free speech. They seem to miss the point that commenting on his business’s blog is a privilege not their right, and he can moderate things if he wants to (which is recommended on almost any blog).

          I’ve owned 2 and my father has owned 7 businesses, and I’m a big proponent on the business deciding its policies over the government or media or blogosphere dictating it.

            Jul 02, 2015 02:02 AM

            Ditto………. business policies over police state……….

            Jul 02, 2015 02:11 AM

            Free choice, free site, freedom to stay or go…………

            Jul 02, 2015 02:58 AM

            I agree big time FFM.