The US Economy and Long Term Outlook on the Markets
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Rick Rule joins us to discuss the Stansberry Sprott Resource Conference and Rick’s outlook on the resource sector.
- Segment 2: Dr. Richard Postma, AKA Doc, chats with us about his long term outlook on the markets.
- Segment 3: John Kaiser of the Kaiser Bottom Fishing Report chats about the US economy and how it relates to resources.
- Segment 4: Glen Downs, Chief of Staff to Congressman Walter Jones, discusses the details around the recent Iran deal with the US.
- Segment 5: A new guest, Bob Loukas, Founder of the Financial Tap, discusses his cycle outlook for the markets.
- Segment 6: Analyst Jayant Bhandari chats about his conference on August 1st and his outlook on the junior sector.
- Segment 7: Dr. Jeffrey Kern of SKI Gold Stock Prediction provides his insights into the gold markets recent breakdown.
- Segment 8: CEO and President of Theralase Technologies, Roger White chats about the new developments with the Company cancer division.
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Marc:
Same thing up here 5 minutes from the Idaho border in my small community. We had both a Safeway and an Albertson’s. The story up here is that Safeway was owned by Albertson’s so Safeway because of anti-trust implications was forced to sell and Haggen purchased the store.
Haggen raised prices 20 to 40% on a lot of items (the ones that I usually purchase as I buy for an evangelical food bank). I even wrote a letter to Haggan in a diplomatic and a polite way wishing them well and suggesting that they were price gouging. Surprisingly,I didn’t receive a reply.
I was not aware of the Haggan- Albertson’s connection. Fortunately we have a Wal-Mart a few minutes away and better yet, a Winco store whose prices are sometimes up to 50% less expensive than either of the formentioned stores.
Hope and trust all is well with you and yours. Is SD State going to be tough again in the Fall?
Thanks Dai Uy.
For what it is worth Haggan’s is a very prominent store in our neck of the woods. They are know for higher prices. In spite of that a lot of folks continue to shop there.
Kathy and I will usually drive the 5- 10 minutes extra to shop at Fred Meyer’s which is noticeably less expensive.
It always comes down to do you know your prices. DT
Dai Uy
GREAT to hear from you..everythink is AOK down here in SD. All the best to you and your family – enjoy this beautiful summer! Yes, SDSU should hover around th e top 25 again this year The BIG thing is we have a very dynamic point guard coming to school this fall. We were imissing that key ingredient last year. Go STATE1
Peace!!
Thanks for bringing this up Marc.
Finally, this evening I listened to a relatively short interview conducted by Jim Goddard of Howe St radio…Tim Wood a supposedly BIG cycles work expert talked about his nine year cycle analysis……..yada yada yada….his outlook is the pretty much the polar opposite for the immediate future of the PMs as Bo Polny…..go figure…..I have never seen a sector so full of “experts” contradicting each other….its real pathetic…….listen to everyone………TRUST NO ONE…..and make your OWN decisions…..and more importantly live with them……..
ditto on “real pathetic”…………………………………………the CLAW
Hibernation……………………………..required…………………..
“TRUST NO ONE”……….good point………….do your own DD…………….THE CLAW
Interesting posts SD Marc. Here UK a lot of things sold stay at the same price while the packaging gets smaller. ‘Shrinkflation’ is insidious because it happens on many fronts from choc bars to bars of soap, shampoo., you name it.
As for the experts yes it gets funnier by the day, at least if you stand on the sidelines, and just observe. Quite reassuring really if you have huge patience and a measure of self-belief.
SAME thing here……….Shrinkflation……..fools the sheeple everytime…………..
Judging by the girth and size of ordinary people I see on the streets Shrinkflation is a good idea. Now if you could only get them to stop eating food with every step they take, let’s see, now that I have walked to The Mall Doors from my disability parking spot I should reward myself with a Slurpy and a supersize order of Mickie Dee salted fries, in some ways The American Dream is still alive.
they can not stop……..because it is the sugar that is put in the food that increase the urge to consume. Plus a cheap fix.
One cheeseburger coming up and I will wash it down with a diet soft drink, so many people don’t understand the ingredients in these diet beverages to know what they are doing to themselves. Big Mistake! DT
Big Macstake DT…Around here we have a large number weighing in at 20 stone plus, which means that the NHS is groaning under the weight of gout and diabetic patients, even as those with gastric bands only end up consuming more. Nor do many with their sugar-rush drinks find the energy to deposit their empty cans and bottles into litter dispensers.
Nightmare from hell….
SUGAR…………HMO.or OMH………….OBAMA MORE HOSPITALS ….scam………….
and we get GMO……..get more Obama plan.
Maybe we get the INFLATION from the “girth and oversize “,,,,,,inflated backsides…
That particular phenomenon truly amazes me, Mr. Tracy!
interesting thread. Biggie size that with the largest sandwich and fries…….oh and then a Diet Coke (poison)…..
FFM…The Claw – I am definitely getting inflation……but mostly around my mid-section.
Self belief is definitely the key, Reverend. That and being well- informed.
It is called “showmanship” SD Marc. It is all theater!
As you know, we avoid that. Bo was on our Show for a short while and we let him go because it was obvious what his shtick is.
As Gary says, “people will pay money to her other people who agree with them.”
What a great racket!
Good thoughts Big Al. You and Cory do an excellent job of bringing on a variety of deep thinkers, economists, CEO, pundits, newsletter writers, and commentators. Sometimes you bring on someone like Bo P. and don’t realize for a while their shtick, but I appreciate the fact that you bring the quality names on semi-regularly, and are willing to try new speakers from time to time……keeps it fresh and informative.
A big thanks for all that you do!
Many thanks as always, Shad.
Again, will we be seeing you in New Orleans?
I don’t think we’re going to make it down. I presented my lady with the idea, but we’ll be traveling the month before that, and she feels I can get enough info on-line without being at the show. I explained many talks are not posted, and the benefits of asking questions of the companies directly, and networking, but to no avail. Being in New Orleans at Halloween does sound spooktacular though.
Good thoughts SD Marc.
SD Marc….might shed a little light on the higher prices..JITB may be raising prices now in anticipation of the minimum wage being enacted in CA of $15.00 hour..the higher cost in chicken could be related to the 46 million birds that were destroyed in the midwest due to bird flu…it is my understanding that the west coast is supplied by the midwest for chicken and turkey…problem is now I can’t find a turkey in Fl…Albertsons, Publix and Winn Dixie have non in the freezer…may have nothing to do with anything..just thinking out loud…
After studying the charts this weekend I’ve come to the conclusion that a very complex cycles pattern is in play for not only the stock market, but also gold.
I will cover this extensively in the weekend report and an addition to the weekend report that will published in the susbcriber site later this morning.
Thanks Gary,
Glad you made it back safe!
Tim Wood is a bright guy but a deflationist. So his cycle work is biased to the deflation outcome. Crashing stock market, crashing gold market and soaring dollar.
Difficult to eliminate bias in analyzing charts and cycles, but the less bias the better.
Bo Polny, there’s a name from the past.
After his big bold brash call for $2000 gold I will look like a hero of I’m right he is now laying low hiding in the tall weeds. Just like a lot of other so called experts I know in this gold market.
This is still a classic slope of hope bear market. Very simple.
You don’t need cycles bs (although cycles indeed exists) and you don’t need to crack the inflation deflation debate.
The trend here is still down and until that changes the trend is your friend.
Keep it simple stupid, isn’t that what they say?
The 64k question is if conventional stocks tank does gold sell off with them.
Maybe yes, maybe no.
In the past they have, but maybe they have already been beaten up enough.
On the other hand the Chinese stock market was leveraged up with gold as collateral, so gold might take another hit, at least at first.
Don’t let anyone tell you they have the answer, run from that person
They are bankroll killers.
It’s still a very very sh*tty market regardless.
Get out first opportunity.
Get out if you want to, of course.
The option is to stay informed and be very dilligent in your observations.
As everything, “this too shall pass”.
I do agree with your observations at least in the short term.
Its…over..over..over..over…oil under 50 and when its slices
through 40 on its way to 25.
WHAT DO YOU THINK THE METALS ARE GOING TO DO ???
Call on Wanka Willie and KWN. Some of you in here wanted
Big AL to bring on Harvey Organ. Oh my gosh…unbelievable.
This game.is over for 7 months and running. Oil was deliberately
crashed and the criminals will continue with this lawlessness.
There is so much more with a major war cycle in progress. Thats
when the lights go out permanently. So, stop worrying about gold.
That rounded bottom in gold was another lie. All it was and ever could
be, was a false hope.
Its completely hopeless with oil falling and the criminal activity..
ITS LIGHTS OUT !!!!! 7 months now and running. So, how low does it
go. 500 is a very real possiblity. The criminals are going to take over the
gold market. 500 is likely to fail as the lawlessness is not going to abate.
YOU HAVE BEEN WARNED…7 months ago was the first verified sign of
the atrocities. Wait till major war breaks out and there collateral damage
worldwide. TURN THE LIGHTS OUT NOW and stop dreaming. Its over.
BEAR MARKET…………………………………………………..the CLAW….
Criminal market….no bear market.
They will now take over the gold
market. Open the eyes to the truth.
YEP ……………TIME TO LIQUIDATE………….
I disagree with Obama not leaving office.
Heavy, you are going to make yourself sick if you obsess on this.
What is the point?
Sorry, you just don’t know whats coming.
Still living in a bubble mentality.
Ina few months you will be agreeing
with me.
FOOD AND SHELTER…………………better get it secured………..time is at hand….rough water and a big storm coming………………………..THE CLAW.
O ..is not leaving office.
You will need a bomb shelter.
Mark my words and he will
come for all the guns and
metals.
The roll out is starting. Chip
implant will be required in
the next 16 months to buy,
sell and work.
ITS HERE !!! Anyone who denies
my comments is living in a coma
state of mind.
This is no fear mongering. My words
will hold true.
I think you are wrong on Obama not leaving office………….JMHO
He is going back to Kenya, where he can wear a crown……….
They have always had control of the gold market.
When they eliminate all the bears,such as yourself and James,they then profit by letting it rise to heights you will never imagine. The game is about profit-for them.
Good hope it goes up……………..bottom should be in………………………the CLAW
I am keeping my MORGANS………………..
Am quite sure you’re right Matt. I’m seeking not to engage with HH from hereon, except to say that someone who is dead dead right as they go along they can be just as dead as though they were wrong. I hate religious certitude of any description.
Keep the faith guys, trust God if you’re so inclined. Batten down the hatches especially in the U.S. which with its religious fruitcakes (especially its Christian Zionists and ‘Rapturites’) are and will only make matters worse for everyone. Prepare as well as you can and do what you can to care for each other.
For those who believe hold to Christ, while holding in contempt all fear-mongers.
Your only looking at the past and not the very
cruel new paradigm.
Keep dreaming though. Lawlessness will only
intensify and its more crafty than the past.
In time you will be proven wrong. I’m no gold
bear just acknowledging the new paradigm.
This whole board has been dumbed down
forever.
That will continue. O..will remain in office.
Hes the last president of America now
breaking up and will not exist.
Bold calls maybe…however ..I know more
than you. You people ard dreamers because
this new paradigm is going like the dark ages.
You even ignore the major war cycle coming
to our own homeland.
Andrew, you keep pushing all these gold pumpers
who are continuously wrong.
Truth is a rare commodity and the truth enrages you
Andrew.
Suit yourself. I warned so many times the metals were
in trouble over 7 months ago.
Wait till oil hits 25. The lawlessness is ignored
and the price of oil.
Your not very bright Andrew. This game is over.
Its been over for over 7 months. Your loss.
Andrew, religious fruit cakes ???
You dislike anyone who seeks the truth and
not the ways of the world.
All you do is mock and scoff. Tear pages out
of the bible and critical of books like Ezekeil
and Revelations. Mocking and demoralizing
John The Baptist too.
Thats exactly what we are seeing though as
the last days are at hand.
Thanks to your doctrines of demons.
BTW…I’m not wrong about anything.
All I hear is golds going up and the
foolish dreams never cease even
with oil falling.
Most here and I could start mentioning
names are wrong about everything.
Following Wanka Willie KWN etc. and
posters here who never recognize the
new paradigm.
Persistent and bull headed. Wrong all the
time.
This great war thats coming is going to
be the game changer turning life into
hell on earth.
But no, thats not on the radar screen like
everything else.
Its all wrong in here. Dreamers and wannabes
never quit until it all blows up. Gold is in serious
trouble anyway.
Major war is coming. Ignor it at your own perils.
RR will be was wrong many times in the past.
At least he’s not placing any hopes in any bottom
right now.
That bottom will not hold when it comes. Bounces
and more declines.
The dreamers will go broke chasing it. That Boulevard
of broken dreams is already here. Just wait till 500 gold.
Mark, we may finally see the low of this bear market. This time I feel something different. It seems they no longer have enough silver to deliver the demand for physical even it is small percent but it grows with lower price. The fact gold silver ratio goes down when gold crashes means that they have to resort dumping gold to suppress silver price. It is costly for them. The game seems over. Either next week or next month, we have to head to higher price. Without physical only two things they can do, raise the price or cash settle. Either is good for them. God damn these evil people.
HEAVYHITTER and BIG AL
I agree wholeheartedly with BIG AL on this one … HEAVY is going to have a heart attack if he keeps swimming in his bubble of fear. I definitely pray that that does not happen.
Cheers all.
Thanks Bentnail. There is absolutely no point in going crazy over all of this. God does not really want that to happen. At least in my mind!
BIG AL
Thank you!!!
You are welcome, Bent
BIG AL
Thank you for removing HH.
HEAVYHITTER
PS
You clearly listen to too much Alex Jones and other bogus “patriot” channels. The man is a new age manipulator … wake up my friend.
HEAVYHITTER
I have read the word of God and it tells me that “God has not given us the spirit of fear; but of power, and of love, and of a sound mind.”
One can understand the times perfectly well (even better than you think you do) and yet still be at peace with everything.
Cheers.
It is call “showbiz” Bent!
Bentnail, I totally disagree.
The abominations, perversions and lawlessness.
Now selling abortion baby body parts and your
not concerned.
This proves that hell is just around the
corner. Gods not going to be silent.
Fire and brimstone will pour down
on this evil world soon.
You don’t know what your talking about
Bentnail.
HEAVYHITTER
I am beginning to think that you are PAID to act like a fundamentalist crackpot. You sound like you’ve gone off the deep end.
CORRECTION — should read “…that is PART of the new age agenda is it not?”
HEAVYHITTER
Whoa … for one who claims to be a Christian you of all people should know to not judge the hearts and motives of others. You do not know my heart … you do not know my beliefs … you do not know if I am bothered by world events … you do not know ANYTHING about anyone on this board and yet you make yourself judge of all. BE CAREFUL MY FRIEND … GREATER JUDGMENT AWAITS ALL WHO ACT AS THE JUDGE!!!
“My brethren, make not unto yourselves many teachers, knowing that we shall receive the greater condemnation. For we all offend in many things. If any man offends not in word, the same is a perfect man, and able also to govern the whole body with restraint. Behold, we put bits (or restraint) in the horses’ mouths to persuade them, and we govern their whole body. Behold also the ships, which though they are so great are driven of fierce winds, yet they are governed with a very small rudder, wherever the governor desires. In the same manner, the tongue is a very small member and boasts of great things. Behold, how great a forest a little fire kindles! And the tongue is a fire, a world of iniquity: so is the tongue among our members, that it defiles the whole body and sets on fire the course of our nature; and it is set on fire of hell.”
Once again … you leave me to believe that you are being PAID to make true believers look like hate-filled lunatics. KEEP TRYING my friend … but if you are seriously a Christian, then maybe you should start acting like it.
HH has been permanently removed from this site. So, no more “over the top” religious commentary.
Heavy, I do have a lot of time for you.
You believe fervently what you believe and I will never fault a person for that!
I am not particularly optimistic about the geopolitical scene. At this point, to be perfectly honest, I must admit that I don’t understand most of the recent actions of the current U.S. administration.
Big AL, I apologize but the direction society/humanity
has decided to go its obvious we are in very deep trouble.
Mostly everyone is now a Sodomite because being silent
is as quilty as the perpetrators bringing us all these perversions,
abominations and lawlessness.
Mostly everyone refuses to acknowledge these atrocities.
And thats it. Its all going to end in total destruction.
The Godlessness, mocking of God, twisting the Word Of
God, outright rejecting God and not speaking out against
the abominations brings us very close now to the edge
inflicting major destruction upon the land.
Humanity has failed. The foundations of the world was
built on marriage and raising a family with God in the
center of it.
God does not recognize same sex marriage.
The end is now near and total destruction. Its the only
way it can be removed from the world these abominations.
God was the only one that could have created a man and
a women to bear children and have a family building the
foundations of the world. THAT NEVER HAPPENED BY
ACCIDENT.
All of Gods Word will be held true and correct as well.
His judgments will be rightiously correct thats coming
as well.
No matter what anyone say’s about HH he has peoples interests at heart, you may not agree with him but he means well. DT
Well, I do agree with this Heavy!
Al:
Not too difficult for me to understand that Obama is doing everything possible to intentionally ruin our great country before he leaves office. Haven’t a clue however of PM direction or a change or when. Not selling anything. Washington State export Ag products are in the tank given the strong dollar. Virtually no Asian market and Russia just sold a large lot of wheat to Eygptt at a deep discount.
Interesting! How is everything over in the eastern part of the state.
By the way, as a simple point of interest, there is zero local press over here regarding the Husky football team.
Longer term gold bear market possible,m like 1980-99. Decent gold rally on next dollar bear market whenever that happens. More grief for gold to follow after that oerhaps until 2030. 1985-87 rally in gold was not even a rally in other currencies (German Marks for instance) only really in US dollar. USDX dropped 40% in 2 years to new lows and gold rallied 67%. Net result in Marks was continued slow decline of gold.
Gold in Euroshas had bear market rally as in early 1980 against the German Mark, more of a rally than in terms of USD. It is similar now, though the rally is rolling over if gold goes under key 1000 Euros.
Everyone assumes dollar downtrend will resume as per last 45 years but the Kondratieff winter is an 80 year event so maybe dollar enters generational uptrend against Euro for 40 years with cyclical bulls and bears. Who knows? That would not be sweet for gold.
Next dollar downcycle is due 2016/207 but I wonder if it can heppen with current Euro crisis continuing. Greece will have another crisis in not too distant future maybe worse than recent one. Perhaps they can tape it over for 8 years, long enough for dollar to have a bear cycle but then it all unravels and dollar index goes to 160, talking gold to where? 500? I have longer term target of gold at $780 beased on median line analysis.
Something tells me you’re Bo Polny’s number one fan James!
China’s gold demand remains in good health. Demand may have eased since the highs of 2013, but its growth trend is intact. Q1 2015 was the fourth best quarter on
record and the People’s Bank of China has increased its gold reserves by 57% since 2009.
Recent price falls – what happened?
On Monday 20th July 2015, the gold price fell sharply during Asian trading hours. The price declined from a closing price of US$1,134.14/oz on Friday, to an intra-day low of US$1,086.18/oz, a 4.3% fall. It quickly rebounded to stabilise a little above US$1,100/oz.
This fall was precipitated by significant trades on the Globex platform on COMEX and the Shanghai Gold Exchange (SGE).
Trading data reveals that 4.7 tonnes (t) was off-loaded on the SGE at 2.29am BST – this is an exceptionally large amount in a short space of time. Normally little more than 40t trades in a day.
At around the same time volumes spiked on COMEX. Both trades were made during periods of low market liquidity.
World Gold Council Market Commentary July 23,2015
What did you think of Dan Oliver’s comments on this topic.
As you know, I believe that he is right on!
Dan Oliver is a sharp guy. I really appreciate hearing his insights whenever you have him on as a guest.
OBAMA MOVING INTO AFRICA……..with investments……CHINA MOVE OVER…..the claw.
Common Indy, that is ridiculous!
They don’t want O in Kenya.
70 % are strong Christains…PTL.
He’s promoting perversions.
AL, Obama is suggesting that US to move into AFRICA with investments……….see AOL news today.
He is not the first nor will he be the last.
I don’t see any particular importance here.
You guys should know that I was joking…………………I will start labeling my quotes as such………………………………………………………………..the CLAW….
posted this under the wrong comment………sorry
With all do respect RR. “We took the pain now hang in for the gain”
Let’s analyze this. For one why hang around for the pain? Resources are VERY cyclical more so than anything. Why hang on to pain? Leave the building for a decade plus It doesn’t have to be but when you have buried yourself so bad in this stuff and got it so wrong and for years. Why did Eric ride his investors all the way into the ground? I guess you become to big to admit you have failed as an investor and have all your eggs in one basket!?
I do my own research and have survived very well. If one is sensable enough to question everyone including their government you are well on your way to be smarter then most. If you look at gold and Eric’s call for a big move past year then just take a look at the ZJG.TO in May 2015 $6.50 and now $4.50. See 2014 July at $8.50. If you bought and held you need about 100% to break even.
The best manger left Sprott years ago. We are not expecting anything good for Resourses. They are a tradable dare I call asset. We have shorted bounces on Oil, the Canadian dollar and Long the USD. I pounded the table on this last year. There’s a VERY small chance I’m wrong…and expect at least a good bounce for now. Economies are in decline at the moment and that is not what bouys commodities. It may be a decade away after the big crash I believe is out ahead. It’s going to take some time but China will meltdown and Europe is ugly. There are also new technologies enabling us to reduce consumption of many commodities and we are not in a high growth cycle. If commodities WERE to turn up, there are soooo many mines on standby it would suppress pricing again. They are just waiting. We are most likely in a sideways to down market for years.
I have no vested interest in commodities just capital preservation and conservative growth.
Good luck.
Many thanks for this astute comment Bill!
Thanks Al
Hey I’d love to see commodities back to a bull but have to play the hand I am dealt.
I’m in Canada and hate seeing the downside here and to the Loonie.
China is the big one to watch in the coming years. 2-5 I think….It will be very significant for all..
Are you the one who has been predicting the meltdown of China for decades? Two factors will ensure China not to melt down. First the move of the people from traditional agriculture economy to modern industrial economy. The second Factor is everyone is motivated to work and get rich. It is termed as American Dream in US. It has faded away in US but got stronger in china.
I could not agree more, Bill!
if you think it will be a decade for resource to comeback, why do you waste time on this hard asset site? Why don’t go to listen to CNBC? You have much more in common. At a time governments all have extremely loose monetary policy, stay away from hard asset is very unwise decision. It is what the power wants you to do.
Matt
Who says I’m gong anywhere?
I made it clear I haven’t sold an ounce, nor do I intend to.
At least not until it get back up into to $1700 to $1900 area
I’m a bear but I’m not a pig
You sound like a bull in bear cloths.
Andrew, no I a, not Bo’s number one fan.
I’ve been around horse touts enough to know the playbook.
If I gave you the favorite would you think I was a genius? No.
I have to give you a big price horse
Same with Bo.
If I am going to tout, tout big.
If it fails, take a breather, his in the tall weeds and try again with another sucker.
Same old same old, since the dawn of time.
The routine never changes, only the players.
Gold, horses, sports doesn’t matter
There’s a lot of that going around
So true, The Greater!
Here is an interesting video on gold:
Throughout history, there’s only been one way to effectively and accurately predict gold bull runs…
It’s a pattern that goes back nearly 200 years… a pattern that makes millionaires every 40 years…
It’s a pattern I call the XL Gold Cycle… and it’s about to take gold all the way up to $16,000/oz.
Click here to find out the best way to profit.
http://www.angelnexus.com/o/web/72827
Paul L,
This video has no creditability. It makes a big factual error. It says early on in the video that “you might remember the gold bull runs of the 1970’s and 80s”. Remember? There was no gold bull run in the 1980’s. Anyone who even has the slightest knowledge about gold knows that it peaked in 1980 and crashed and was in a bear market for the next 20 years. Why would I trust them since they can’t even get simple facts right.
Gold went from 300 to 520 in ’82
-from 285 to 500 from ’85 to ’87
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&st=1980-01-01&en=1989-12-31&id=p64869676310
Irwin,
Thanks for pointing out that they were not talking about a bull market but bull runs. I was looking at it from a long term perspective. I guess it depends on how you define a rally in a secular bear market and a cyclical bull market inside of a secular bear market. A bull run could be acceptable at least from ’85 to ’87 since it seems to be a cyclical bull market. The other time frame to me is just a sharp huge rally in a secular bear market.
Good point, Mr. Miller!
True enough, but the general gold markets (commodity and stocks was still not particularly interesting during that decade as I recall.)
Good point, Mr. Miller!
Bill,you also have no interest in explaining the US Fed monetary base expansion – that has literally gone to Pluto- and what that means in historical terms for the US economy and world political landscape into the future.
One only has to look at the gold to monetary base ratio to derive some idea about what is to transpire:
http://www.macrotrends.net/1444/gold-to-monetary-base-ratio
When looking at this historical chart one has to consider that this ratio reflects the full 8,134 tonnes of gold at Fort Knox that the US states it owns.
Thanks Matt and Yes I understand that but ASIA, RUSSIA and Europe are UGLY oh ya Latin America too. USA looks great and is the best looking Pig. There is actually way less corruption. China’s stock market is crooked as Hell. Money just flows to where its best treated. I Never said the US is the good old USA….If things blow up and they will USA will not be ground zero this time…I watched the so called best people produce charts and other data and they have lost money year in year out….
I had a discussion on the US monetary expansion with a friend and Hedge Fund manager. He said “they need to print double” and rattled off a bunch of other figures. That was 2 years ago. We are up 35%..Gold is down.
The pros said its a double bottom in oil and up we go…..That’s off the table…Now what? Oil says weak weak weak economies or worse?? The Best oil analyst in Alberta fell on his face.
http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&yr=3&mn=0&dy=0&id=p73600569150&a=417516641&listNum=1
Gold stocks have collapse along with other commodities. USA can plug along for a while. Safest place now period…
Each to his own….The numbers can say this and that but the money is going the other way…Follow the money. Thanks For the chart and here’s a comment from prior…Its helping consumers in the US with lower inflation / spending LESS on energy:
“Our view back then: (Last year)
The price of oil will go down below $80 US and stay there.
Result:
Crude oil has fallen from around $100 / bbl to below $45 earlier this year.
Today:
While the price of oil has rebounded considerably since bottoming around $42 in March, we see the upside here as limited. As prices
rise, it will likely spur increased production from idle wells, and this increased supply should put downward pressure on prices. We would
consider shorting more energy related names on any rally. We believe that energy service companies are in the worst position. Oil and gas
producers have been asking for and getting 15% to 30% price cuts in many cases and there could be further cuts next year””
Follow the money:
Central Banks are taking all the gold the west can give them without selling their own production or letting it go to market.This will be the sixth consecutive year that central banks are net purchasers of gold.
http://www.kitco.com/ind/Brecht/2015-02-13-Central-Bank-Gold-Purchases-Surge-To-Second-Highest-Level-In-50-Years.html
Matt its far from all about gold….I heard Eric S on the demand of silver and all the numbers that they spewed as I watch it collapse from $50 to $15…Or a correction to some..If you like to go to the CNBC of Gold (Kitco)…OMG.
Kitco is selling metals pumping whatever they can…
I’m not going to divulge other info I have as I worked to hard and couldn’t convince a couple of great friends to DUMP their shares. One said about a week to me with his head hanging low….guess Ill be working for a while longer…55yrs. just sad… I told him I dumped every dime in the gold sector even if I had losses eons ago…Losses were small trades. He emailed Moriarty and Bob said the sellers are gone and exhausted…buy buy buy!….and then crash crash again..He did this a few times…
Trade away be my guest…Ill remind you what I said when we reach $500 in the years to come….
So many people are hold shares and to the hope they will make their money back its a warning to me..
Bill, in my opinion, now is definitely the time to sit on the sidelines and see what happens. I have been in this environment for a long time and I am still somewhat confused.
Thanks for that Matt!
If everyone prints money, is it bullish for gold? Gold is the only money they can not print at will.
Thanks Bill
Dave Kranzler Interviews Rob Kirby on the gold smash down and true lack of supply.
Refiners are calling jewelers for supply.
@ 2.00 minute mark…Kirby starts to explain about Armstrong’s models and why he had to go to jail because of the tapes he said he knew about in regards to Republic bank. (CNNfn) – Billionaire banker Edmond Safra was killed early Friday when fire engulfed his Monte Carlo home, following an attack by two hooded men,
GREAT POST………..CON MAN ARMSTRONG, ……Rob Kirby is great…………thanks.
That was quite the interview…this is his latest prediction
Market Talk – July 25th, 2015
The weekly close in Gold saw the key Bearish Reversal at 1084 hold for now, but this is the line of demarcation. A weekly and month-end closing beneath this should signal we will break the $1000 barrier and test the 1980 high of $875 to $904 level. Copper was also a talking point down to its lowest level in 6 years.
Base metals should be in a bear market. During the last decade, the price was multiple of production cost for many many years. This resulted in severe over production. Now the excess needs to be worked out. For PM, the price is way over cost for only a few months so there is no over production, only supply destruction. One example is when production cost of copper was 60 cents, the price was in $4-6 for a long time. For silver, most of the time, only a few low cost producers could make money.
You really put Martin Armstrong into that category, Mr. Moscow?
All the Martin Armstrong devotees should listen to what Marty really did and what he is.
Are you going to tell us that he’s actually Marilyn Armstrong?
-there’s an ugly picture!
Any idea what’s wrong with Rob Kirby? He seems like a class one mental case. Dead wrong about EVERYTHING he has claimed for years now. He always pumps his connections and his faded past but what a worthless piece of gold pumping garbage that guy is.
So what exactly is his problem?
I certainly not a fan of Kirby nor really any one else anymore. I tend to like more intelligent speaking people such as Nomi Prins and David McAlvany, even though I do not agree with a few things that I have heard them say. Not loud mouths who rant and rave or make silly predictions.
Sorry, A Listener, I really don’t know the man.
Heavy hitter
You have been watching too many YouTube videos and fear porn
Probably a bit of truth in your comment, The Greater.
I would ask Heavy to slow down as he is only going to make himself physically sick. Extreme pessimism is simply not healthy. One must look for solutions to the trials and tribulations of his/her life! That solution is definitely not a nervous breakdown.
I skip almost all your posts, HH. Unlike Al I have no time for you whatsoever.
A Listener…I’m very pleased.
With your attacks against Cory that
was totally poor ruthless behavior on
your part, I have absolutely no use for
a widget like you.
You can get lost forever and scroll
by my posts until you drop.
Stay away from me…please.
Take your lies and wierd comments
with you too.
OK….bye bye!
Don’t do that, your comments are way too valuable.
Notice that I have cut out a lot of the other fellow’s comments.
Farwell….forever….and ever.
Thank you! !!!!!
Ha! I am not the only one pal. Everyone avoids you now.
I did decide to cut out a fair amount of his comments as my opinion is that they are not appropriate for this site.
Opinions are a dime a dozen; eveyone has one.
When there are too many unsubstantiated opinions, the information content of the blog goes to zero, and ceases to be useful.
This site has deteriorated into into religious nuffie doom & gloom.
…so sad….what a pity.
Skeeta, this is actually becoming quite amusing.
So just grab some popcorn and sit back and watch the show because the discussion part of the forum isn’t anything to take serious anymore.
The clown-car hooligan club has been given Cart-Blanche to run their game, so the fun is just getting started.
I’m just wondering whats going to be left standing of Al’s blog when it all said and done.
Peace
Vortex/Skeeta – now Al’s sequence of posts is playing up. See my reply a few posts up! Best, A
Its really too bad, but honestly, a Stockhouse blog can be a better read now.
It will absolutely not deteriorate to that point. We have put in too much work for that to happen.
Getting back to business (what a novel idea!), I just came across an article over at Minweb.com where they are reporting South Africa’s third largest Platinum producer is about to start cutting production and make major layoffs.
You know that old saying “the solution to low prices is low prices”?
Well here we have a perfect example of that principle in action following the 200 dollars of price crash in platinum during the past three months. Other producers are expected to follow suit shortly and that means…..
Shortages! Hurray! ….(if its possible to be happy about such things).
But it also implies a price recovery is coming. So now is maybe a good time for us to sharpen up our pencils on the platinum group since it is doubtful there will be a long time lag between the market sniffing out the spec upside and prices moving higher again.
On the other hand, a recession that may be coming to the US (it’s already arrived in Canada) and a slowdown of auto purchases in Asia may just dampen the enthusiasm. Which is another way of saying that supply and demand could still balance despite the production cuts if end users are not buying.
As usual, you need to read the article for yourself. I think we can all agree platinum is pretty cheap at these prices though. It is currently trading at roughly half its 2011 highs when gold and platinum were similarly priced. In other words it has fallen harder than gold.
The monthly chart is curious though as it appears to have broken down negatively but my suspicion is this is a throw-over which may be a prelude to a very strong bounce back.
Platinum industry shrinks as Lonmin becomes first to cut output — Mineweb.com
http://www.mineweb.com/news/platinum-group-metals/platinum-industry-shrinks-as-lonmin-becomes-first-to-cut-output/
This is bad news for the platinum company though. Lonmin PLC (LMI:LN) share prices are now down 94% from their 2011 peak having suffered the same kind of value carnage as many other miners. One analyst is even questioning the companies survival if prices don’t recover soon. As usual in this sector it is debt that weighs on many of these companies so it will pay to keep that in the back of our minds as risk is heightened should metals not recover.
Lonmin falls on funding fear as 6 000 job cuts imminent
http://www.mineweb.com/news/platinum-group-metals/lonmin-says-4500-south-african-jobs-at-risk-in-proposed-restructuring/
Sorry should have been down here:
We are in a major deflationary cycle that will last a long while..That’s it. Its simple…
They blow us up trying to prevent deflation….
Good stuff by Mike C
https://soundcloud.com/cknw/the-impact-of-declining-oil?in=cknw/sets/campbells-comment
I read that article the other day, I also received the article concerning Newmonts asset selling.(pretty sure it was newmont) actually a lot of top tier miners are having trouble.
I have for awhile been interested in only miners that profit at about 800 gold, dividends are nice too. But that hasn’t stopped them from dropping in share price.
You are probably a big fan of Mineweb just as I am bb. That site is a goldmine of stories and its a great place to read mining news and pass the time when crazy people like Heavyhitter hijack the threads here.
One of the themes there lately is how supply and demand in the metals sector are in serious discord and how mine production is still rising even as company stock prices crater and metals demand goes limp. I know Al often asks when the fundamentals will matter again and in the case of base resources I think we are getting our answer already.
We should probably pay attention too because if there is not a reconciliation between these two major forces then it seems improbable we get any significant recovery in the sector for several more years.
Gold should remain flat and on the firing line although it is just one aspect of the mining universe. But if commodities in general keep falling then the outlook for precious metals miners and their products will likely continue to be dismal.
I only say that because on a trend basis gold and silver generally follow what the rest of the sector is doing. I listened to a great interview tonight btw that might really interest you (I will link it below). In it the analyst talks about the end of the commodity supercycle.
Now this is pretty interesting in itself because if he is correct then that tells us the bear market in metals is now a secular event and not cyclical bear as so many of the gold perma-bulls would have us believe. Which is to say the great gold bull run may indeed be over (GASP….how can that be when all the bugs keep insisting we are about to have a religious experience just any old day now?)
And if that is the case then it is hardly out of the question we see Ricks deflation target on gold of 817 dollars coming into sight. The bulls will be repulsedf by that idea but facts are facts. And one of those facts is that gold production is still rising even as prices are hitting fresh multi-year lows.
Gold production is rising even as the PM sector is seeing its first major mine closures, mergers and bankruptcies. It is part of why I am not yet ready to jump on the gold bull wagon as many others already are and its why I said the other day I do NOT believe we will get a V shaped price recovery in metals.
I mean, lets all enjoy the bounce that is coming but also let us keep in mind that the bear trend is still alive and well and it is more probable prices decline once that bounce is ended than we get any moonshots to heaven!
Check out this Podcast interview. Well worth the time I think:
Podcast: The cavalry is not coming — Mineweb.com July 20, 2015 with Ken Hoffman
http://www.mineweb.com/podcasts/podcast-the-cavalry-is-not-coming/
No V shape for the metals. We are having a defationary collapse. Can’t you see it!!!?
That seems to be the case, Bill. Just look at copper on a monthly chart as one example that should be troubling. There is hardly any support at all all the way back to sub 1.50 prices. What is THAT telling us about gold and the other PM’s? Have a look for yourself. Not good…..not good at all.
Copper futures monthly chart — Finviz.com
http://finviz.com/futures_charts.ashx?t=HG&p=m1
I actually wonder if copper is not telling us that China’s stock bubble is about to spill over into the rest of their economy in a very big way. Maybe that chart I just posted is our warning that we are going to get another copper price crash just as we saw in the second half of 2008.
It would not surprise me at all because it is just another case of a chart mean-reverting from whence it arose. But I feel very gloomy about it too because it really speaks to a house price crash (and global economic slowdown) that has been predicted for so long in a multitude of real estate hot-spots around the world.
I think the real bloodbath phase is going to see a whole lot of shutdowns, bankruptcies and mergers during the coming year. Supply is going to have to meet the reality of falling demand and especially where China is concerned.
Their stock bubble really is our problem.
And here is an example of why we should perhaps be worried. It is the Palladium chart (monthly). Take a look at where we are sitting right now. We have arrived at a very critical threshold that just so happens to be the 2008 peak. If that does not hold then look out below and by inference maybe ponder what it also means for silver. In my view these metals are all related. I don’t care that the gold bugs keep insisting that gold and silver are monetary metals and therefore are different or special. The fact is that they are not different. They are behaving just like most of the charts for other minerals. And all of them have been in decline together so where goes copper, platinum and palladium thus goes the precious metals too. We cannot ignore the other family of metals therefore and especially as we approach key support zones because those could be signaling news that is contrary to what the metals bulls keep telling us.
Palladium monthly chart – note major support at 2008 highs which could give way any day now.
http://finviz.com/futures_charts.ashx?t=PA&p=m1
On a different subject, rice has more than doubled since I called the bottom in May. It has now broken out of its channel and looks increasingly bullish going forward. Wheat is also again at a key point and could resume its upward trend. The proxy for rice I was using (RJA) initially had a good bounce but has since slumped back near its 2009 lows as other components of the ETN went flat. But looking at the very long term chart you do get a sense that soft commodities are at their bottom or very nearly there. Here is a chart going back to 2008 for good perspective. It seems easy enough to draw conclusions that softs will recover before metals do.
Rogers International Commodity index — Agri TR ETN (RJA)
http://finance.yahoo.com/echarts?s=RJA+Interactive#{%22range%22:%22max%22,%22allowChartStacking%22:true}
I bet Kenny Rogers is doing better as an investor than Jimmy Rogers at the moment!
So much for hot commodities!
DID THE CHINESE STOCK MARKET ………….just plunge , biggest drop in 8 yrs….., Rogers jimmy…….must be licking his chops, or not……………..The Claw.
If that is true, that china stock market dropped……..GOLD sure did not in their market, only in London., only $10…check the chart action……………………………….the Claw.
I picked up some shares of Amercias Silver Mining (SMNPF) [previously Scorpio] today.
SMNPF – 10:13:11
Bought shares @ $0.1297
Just in case we get a continuation of the pop in PMs and the related mining stocks.
Let us know how it works out………………
On July 27, 2015 at 8:43 am,
Bill says:
I’m a bear overall but we are way oversold and COT lowest in 2 years. Happens at major bottoms. Good luck I think you on the right side for now!
Ffm CCF Thats because the Shanghai went parabolic. Gold didn’t and thats the dif between a highly spec market and not. Lots of leverage there too.
Gold had its pop 2011 and then all down hill..
Good one SB Dave. Jimmy is a puppet of the media. They love parading him around like a guru. The fact is he has terrible timing and he was calling for the absolute destruction of the U.S. And the dollar. The bigger they are the harder they fall. USA is the best shape on earth now compaired to the rest. Lol.
Not sure if you needs charts to understand agriculture is going up.
In that case the charts might be telling us what we already know.
Hay has tripled in what? a year? See any pics of the wheat fields?
The chart refers to timing the bottom, not that a bottom may be coming!
Agreed that we are at a critical threshold for Palladium.
Little bit to ponder there Listener.
I really don’t like you mentioning this reconciliation or no recovery for several years.
Ive been kinda concerned about that scenario, maybe you recall me mentioning a little bit ago that it was 20 years before another peak from 1980.
I really was hoping my thoughts were “nuts”, you saying its possible makes it scary.
oh well, guess I can start making jewelry.
But its not over yet, my guess is still China increases purchasing at about $1000.
Ricks $817 could be an overshoot.
If that’s the case, it will be the start of a raging rabid big ol horny bull, in gold anyway.
If not, we will be bowing down to Dents awe inspiring prophetic $400.
Agreed. I am a big fan of mineweb.com and often source articles from there and repost them on this blog if they seem relevant to any of the companies we have discussed. Each week I like to look for breaking news, editorials, charts, and fundamental news in the mining industry on their site.
Big ups!
Agreed. I am a big fan of mineweb.com and often source articles from there and repost them on this blog if they seem relevant to any of the companies we have discussed. Each week I like to look for breaking news, editorials, charts, and fundamental news in the mining industry on their site.
Big ups!
Sorry about the double post. I’ve been trying to get it to post under A Listener’s comment from On July 26, 2015 at 5:12 pm.
Anyways, just check out mineweb.com and get good company news and thoughts.
Here is an interesting article on the strength of commodities powerhouse – VALE.
————————————-
Vale pressures rivals with Q2 iron ore record Produced 85.3 million tonnes of iron ore in the second quarter.
Stephen Eisenhammer (Reuters) | 23 July 2015
http://www.mineweb.com/news/iron-and-steel/vale-hits-second-quarter-iron-ore-record/
Here is a good article from MineWeb that compares the strength of Gold/Silver in comparision to the Base Metals and the Platinum/Palladium declines. Worth a quick read:
______________________________________________________________________
Commodities collapse: It’s not just about gold
>Year to date gold and silver have actually outperformed leading base metals copper and aluminium.
Lawrence Williams | 24 July 2015
http://www.mineweb.com/news/gold/commodities-collapse-its-not-just-about-gold/
GoGold is a company that has been on my watchlist all year long, because several pundits have spoken very positively about their growth story. I see them as a potential take-over target by a Major or Mid-tier that may want to acquire their assets.
Does anyone have any thoughts on GoGold Resources?
___________________________________________________________________
GoGold’s second mine in sight A funding agreement with BMO on favourable terms funds GoGold’s Santa Gertrudis project.
Kip Keen | 23 July 2015
http://www.mineweb.com/regions/central-and-south-america/gogolds-second-mine-in-sight/
Here’s an interesting editorial from Peter Brandt….
____________________________________________
Even if Gold and Silver are driving to the final low, so what? It still is no reason to be long.
– Posted by Peter L Brandt on July 20th, 2015
Gold Stock Carnage Continues Unabated
Trader Dan – July 23, 2015
Rick Rule: Janet Yellen Rate Hike Failure to Trigger Massive Gold Rally
BY COLLIN KETTELL ON JULY 26, 2015
http://palisaderadio.com/rick-rule-janet-yellen-rate-hike-failure-to-trigger-massive-gold-rally/
Royal Gold Provides Operational and Transaction Update
DENVER–(BUSINESS WIRE)–Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL)
Freeport-McMoRan Reports Second-Quarter and Six-Month 2015 Results
PHOENIX–(BUSINESS WIRE)–Freeport-McMoRan Inc. (NYSE: FCX)
Americas Silver Corporation Provides Second Quarter Production Update
TORONTO, ONTARIO–(Marketwired – July 23, 2015) – Americas Silver Corporation (TSX:SPM) (OTCQX:SMNPF)
That was a great interview Shad. Thanks for posting it. I swear, I never get tired of listening to Rick. He must be exhausted with all the interviews he gets pressed into doing though but hopefully he keeps it up as he is one of the very few analysts who still retains a sense of balance about this market.
I agree CFS and that is something that we are definitely starting to moderate.
I would imagine there are people that avoid the site altogether.
A few people posted saying just that.
bbb…..heathen ……they left, because they folded…………the claw
You need more music in your life HH. Here is a nice tune that will cheer you up. Listen to all of it and you will feel better right away. Think about the angels, man.
So long Marriane – Leonard Cohen
I forget to pray for the Angels…and the angels forget to pray for us…..
https://www.youtube.com/watch?v=3XzAjfwQtvM
Bird, really give it a rest and leave HH alone, you just can’t stand anyone who doesn’t think like you, enough is enough if you are smart enough to know what I mean! DT
bb,(heathen) you should talk you lost credibility with most of the members on this site, Al has only tolerated you because he doesn’t condone censorship. DT
Thanks, Al Listener.
Al Listener,(Bird) needs to respect others and present his views, why do you think he changed his name and not his character. DT
Bingo….. A Listener
Thanks Lorenzo…you have great taste in music.
Your actually an obnoxious kinda guy HH, calling people liars and sodomites among other insults.
Good thing Al/Cory approve as you use jesus and god in sentences, they ban people for being rude, at least they used to. (so much for that)
How much degradation is your goal? What did Al/Cory ever do to you? that you intend to destroy their work.
You are one sick puppy HH.
Most unfortunate Al/Cory don’t see what you do, power of “the word” I guess.
Oh well, its their site.
Heathen, all you do in insult and accuse.
A sodomite is no worse than saying aomeone
is of poor character. Its not a swear word or
anything derogatory.
bb…yes, you are a fraud because you change
your name and never tell us who you really are.
Thats a liar. You don’t see me changing my name
because I represent the truth.
I don’t have to because I know that the truth always
prevails and liars like you are exposed to the fraud
you commit.
You are a big liar…bb..period !!!!
I have caught you in so many lies its now compulsive.
James…
Fear porn is totally misplaced and wrong in Gods Prophetic Holy Word.
Its you that lives by the lies of the world. I live in the truth.
You don’t.
Al and Cory, thanks for having me on the show.
Time got the better of us. I wanted to add that gold appears to have found an Intermediate degree cycle low, it’s something I’ve been tracking closely on my site for some time. Probably good now for a sharp 3 to 5 week rally.
All the best.
Bob.
even better news………..thanks for the follow up…………………
Bob L. – Great segment, and I liked some of the reports you posted on the blog a week or two back. We’re thrilled to have another good contributor, and I am curious to see how your cycles line up with Gary Savages, and Charles Nenner Research analyst – David Gurwitz.
Keep the good thoughts coming and hopefully together we can share ideas and be more well-informed investors.
April 1, 2015 – Podcast #1 – Intro to market cycles
Meet your host, David Gurwitz, for an introduction to cycles. Learn where the word cycle comes from, real world examples of cycles and how cycles can be used for investing. Also learn how the Charles Nenner Research Center creates cycles in all areas of the market, using closing prices.
NENNER NOTES…
Understanding Cycles
Cycles and Interpretation of Events
“Almost Economic Piece #2″ – With WSJ Article of April 26, 2010, Re Bullish Technical Signals At Top of Market
….. On a related note…….. I always liked this movie on patterns in nature, patterns in the Torah, and patterns in the stock markets. If you haven’t seen Pi…….here is the trailer:
____________________________________________________________
Pi (1998) Official Trailer
Thank-you Bob for taking the time to add these comments.
You’re welcome. First time on here, so I’m willing to send all Kereport listeners my weekend report. Just shoot me an email, poly@thefinancialtap.com and I will shoot it over tomorrow.
Cheers.
Bob.
Bob,
Its great to have a new talented contributor to add some serious content to a dynamic and ever changing economic landscape.
Word of caution though, we do a few over the top nut-jobs here that for some reason are allowed to take a dominant role and hold the site hostage without recourse.
So just wade through and side-step that nonsense and you’ll find some pretty smart folks here always ready for an intelligent conversation on a large variety of issues.
Take Care and welcome.
V
V…won’t mention any names.
Garden variety types like V
that can’t come out of the
closet and just say he’s an
atheist and an accuser of
anyone who has faith in God.
Vortex of BS always circling the
drain headed for the sewer.
Very reason this world is on
its way to hell.
For the world and of the world.
Eternal damnation is that road.
Thanks V.
I have to say that the over the top nut jobs are being “weeded out” as I have been doing for the last hour or so.
Thank you for the gesture Bob: appreciated.
Best,
LPG
You were a great guest, Bob, thank you, we will definitely do it again soon!
I see DOC is thinking along the lines of market top, and Bob is expecting market strength. Maybe it’s a matter of time frames. Will be interesting to see how it unfolds.
FWIW – I sold off a bit of my HDGE and invested the proceeds in SSO.
-good to hear you on the weekend show Bob.
http://stockcharts.com/h-sc/ui?s=SSO&p=W&b=6&g=0&id=p08256943040
He will be back, Irwin.
Thanks for the comment!
“On July 25, 2015 at 10:25 am,
James (the lesser) says:
Matt
Who says I’m gong anywhere? I made it clear I haven’t sold an ounce, nor do I intend to.
At least not until it get back up into to $1700 to $1900 area.”
Oh boy…what do we call this? DIE-VESTING?
I personally don’t invest on hope but I am certainly entertained!!
Cheers
It certainly is an entertaining time, Bill!
Matt you talk demand numbers then why why why have I been right? (Gold Bugs Crushed) LOL
http://jugglingdynamite.com/2015/07/24/precious-metals-mean-reverting/
Bill,gold is holding the 50% retracement from the 2001-2011 bull move.
GLD and Comex can do their dance while you sing but the gold price in currencies other than Fed fiat notes is and has provided its function,which is the preservation of wealth.
Check the monthly chart on gold and get back to me if you have any interest in gold other than just decrying the price in GLD fed fiat notes.
Segment 6:
Sorry? But what the hell was that all about?
GOOD LISTEN….. AT 4:00 MIN. MARK……………..lol……..the claw
Yeah sure…I get that he was name dropping and promoting himself. But where was the content?
You will have to buy his books and tapes to find out…………..the claw
Thanks anyway but I think I’ll pass.
Jayant is actually a very interesting guy and his conference on August 1st could actually be pretty interesting.
He is a nice fellow and we wanted to give his conference a bit of visibility.
Jayant struck me as genuinely modest and insightful, and why shouldn’t he promote himself?
With the speakers he has lined up, it should be an interesting day!
Dear Al:
Many thanks for giving us more visibility. Here is the link to register for those interested: http://www.jayantbhandari.com/Seminar2015/
Also, the whole event will be live-streamed:
https://www.youtube.com/watch?v=B9biyPwrSqw (for the morning session)
https://www.youtube.com/watch?v=IeygT1lXyy8 (for the afternoon session)
Thanks Jayant, looking forward to seeing you on Wednesday at the Sprott Conference.
I’ll add to that…the longer people own gold/silver the more they realize HEY I’m taking a beating and I’m not even getting paid to wait?! Sh*T Sell Sell..
And there’s a zillion other assets that do pay to wait and when it comes to them their cyclical down time is usually short compared to G/S Last one was 20 years.
G/S is a small part of a portfolio and is not even considered an investment.
If there is a cyclical rally I hope I can catch a ride? A bounce is in for now..
Its actually doing better then most commodities!
Know when to hold em,,,,know when to fold em……………Kenny the man Rogers, btw where is ROGER W.
Great tune Frank. You have my approval. Kenny Rogers rocks!
Kenny Rogers – The Gambler (1978)
https://www.youtube.com/watch?v=Jj4nJ1YEAp4
On a warm summer’s eve
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin’
Out the window at the darkness
The boredom overtook us,
And he began to speak
He said, “Son, I’ve made a life
Out of readin’ people’s faces
Knowin’ what the cards were
By the way they held their eyes
So if you don’t mind me sayin’
I can see you’re out of aces
For a taste of your whiskey
I’ll give you some advice”
So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his faced lost all expression
He said, “If you’re gonna play the game, boy
You gotta learn to play it right
You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done
Every gambler knows
That the secret to survivin’
Is knowin’ what to throw away
And knowin’ what to keep
‘Cause every hand’s a winner
And every hand’s a loser
And the best that you can hope for is to die
in your sleep
And when he finished speakin’
He turned back toward the window
Crushed out his cigarette
And faded off to sleep
And somewhere in the darkness
The gambler he broke even
But in his final words
I found an ace that I could keep
You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done
You’ve got to know when to hold ’em (when to hold ’em)
Know when to fold ’em (when to fold ’em)
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done
You’ve got to know when to hold ’em
Know when to fold ’em
Know when to walk away
And know when to run
You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealin’s done
Great song, is all I can say. And, a lot of truth to it
Those lyrics are INCREDIBLY powerful in so many ways Birdman.
Replace the gambling story with personal relationships, financial investments, business dealings etc….and they all stand true.
……thats more than just a song imo, its whats lifes decisions are about.
Hope you all choose wisely!
Cheers.
I completely agree with you Skeeta!
Warning from above…………stay ready……………..for no man knows the hour…
BTW…………have you ever read anything on the LDS….Mormons……
Yes, I read “Under the Guise of Heaven” and found it disturbing.
You mean LSD?
going to diner……..catch you later……………..best…………….the claw…ootb
Hope you had a good time!
Remind me to tell you sometime about my first dinner at an “Italian” restaurant just outside of Greencastle! Big Surprise. My question to the waitress initially was, “What can we have to drink?” This was after about 8 hours on an airplane. The answer was “Orange, root beer, coke or sprite”. This “Italian” restaurant specialized in spaghetti with catsup”
I am definitely not putting the area down, I am just saying that I was quite surprised!
I can not say otherwise…………I think you are correct……….jmho.
The Banks, Federal Reserve ownership have been front running the world for a few hundred years. Total destruction has come for the rest of the world many times at the hands of those that have benefited America all these years. Welcome to the club.
A few hundred years?
I have absolutely no idea. Sorry!
Point pretty well taken Bill. At least at this point!
I can only assume, Bill, that you are a typical American.
i.e. Someone that demands immediate gratification.
I am buying gold and silver and am coming close to completely invested (to the extent that I choose). I am investing in gold and silver physical to preserve wealth. I fully expect prices to drop further, and I will accept the apparent loss of money, because when people that are looking for cheaper prices to buy, finally decide the price is cheap enough, there will be no physical available.
Good point, Professor.
Know when to stop singing long enough to check the charts:
http://www.gold-eagle.com/article/gold-and-mining-stocks%E2%80%99-bottom-imminent
Dr. Faber says deflation showing up in commodities:
http://www.cnbc.com/2015/07/22/marc-faber-why-us-stocks-could-drop-up-to-40.html
Marc Faber blog says precious metals is the place to be:
http://marcfabersblog.blogspot.ca/
Matt Come on man. The ONLY place to be when the market crashes is cash..In crashes money flows to cash. 2008-09 take a look. Dow and Gold fell 30-40%ish.
I’ve followed Faber off and on for years and the only thing I can tell you is hes wrong ALOT…
Matt
Yes a 50% retracement and a hopeful big move for most but these are not the 70s. We had a 11 year bull.
Now if the research I have told us to run before the big melt and charts do not show that….charts are useless at times and a foolish way to invest without MAJOR fundamental analyses. Our FA says no way hose eh. Not many here have a clue how to put the global picture together and it shows…
Best of luck
Bill,if you have no interest move on.
Nobody can convince you of doing anything you do not wish to.
I have spent half my adult life abroad and know what people outside of Anglo Saxon land do with their spare cash.That is my personal global picture view.
I have interests in the majority opinion. That is very telling. I’m interested in the bounces….If you are ALL drinking the Kool aid then your doomed. Ya need people to make you think or you will be washed out with the gold bugs man!
PS Was I right in Nov Dec about today? I think Exactly..
I would personally DEFINITELY NOT LIKE TO SEE BILL MOVE ON!
Thanks Big Al
I’m sooooo careful these dayz. But have followed pretty much every big outfit out there. I have learned a lot and have been lucky enough to have really good instincts.
If someone wants to point a finger in my face when I’m out to lunch please do…I’ve had to be brutally honest with myself over the years and take big big loses sometimes.
I’ve lost a house or 2 but still have a few…its hurts so ya wise up or go down the tubes..
Now the important work is identifying where not to put you money as the world is littered with land mines these days and most of those are people thinking they no what is going on.!!
Best!
And too many don’t have a clue as to just what is going on!
Al and Cory,
You men put together a really good show. A well rounded panel of guests. And you both moderated with really good questions. Great show.
Many thanks Chartster
I must agree with the article on 321 gold, The Fed wants to increase rates so they have an option, printing money only goes where it can find a home but being able to lower an interest rate is felt by the whole economy. DT
I really think that China is going to slip into a deflationary quagmire much like what happened to Japan and they will find themselves to be wannabes. DT!
China has been having big inflation problem. A deflation is dream coming true.
Chinese government is also expanding money supply which is inflationary
China will be just fine. They are not by any means falling apart. They hold the gold… And he who holds the gold makes the rules…
The Shanghai exchange has bottomed. It’s on it’s way up now. The US markets this fall are going to get hammered..!
In my strong opinion, the big bounce on gold Tuesday will be people taking physical delivery at the COMEX, thus leaving the crimex insolvent, thus making the Shanghai exchange ” the ” mechanism of pricing on gold, as they hold the physical. Which will pave the way to have a gold backed yuan, which will create the gold standard globally..!!
Watch and see. !
I do reserve the right to be wrong. But that’s what I think.
Paul Crudman attacks Ron Paul…and anyone else who wants sound money…and doesn’t want a corrupt central bank.
Crud calls Ron Paul a crotchety old man who is a crank as are the people who agree with him. He says a bunch of other disgusting stuff.
http://mobile.nytimes.com/blogs/krugman/2015/07/25/the-old-man-and-the-cpi/?_r=0&referrer=
Re: Segment 4.
Mr Glen Downs comment about the Saudi’s is spot on again.
We must never forget that 15 of the hijackers on 911 were Saudi’s.
Look at the stock portfolio for the house of Saud.
They have influence in all facets of our life.
Time to cut the head off the snake.
Re Segment 4:
Thank-you Mr Glen Downs.
We must never take our eyes off the Saudi’s again.
We must never forget that 15 of the hijackers on 911 were Saudi’s.
Do yourself a favor sometime and look at the stock holdings for the House of Saud.
Now do you understand.
I have had questions about those folks for quite some time John K.
HH,
Instead of putting the turd smack in the middle of the birthday cake, can you explain in detail just WTF you are talking about??
Did I mention, ” in detail ” ?
http://www.c-span.org/video/?c4545847/senator-ted-cruz-export-import-bank-reauthorization
Watch the above and see corruption of republican leader of senate revealed by Ted Cruz.
I brlieve McConnell should serve two terms; the first in the senate and the second in jail.
Ditto on the jail part………Also, it is interesting at about 17min on the tape, that there is a motion to have the Senate accept the same heath care act that the citizens are required ,under OBAMA CARE, and McConnell will not bring it forward for a vote…
SENATE NEEDS THE same HEALTH COVERAGE as forced upon it’s citizens…..THE senate is not better than it’s citizens……………..JMHO.
Amen, Frank from Indiana
You really should attend our discussion group sometime. It is comprised of a group of guys who have had first hand experience in this issue!
CFS..I don’t believe he should finish his term…needs to go to jail now…..unbelievable sorry ass turncoat….
http://www.c-span.org/video/?c4545888/mcconnell-silences-rand-paul
I though Harry Reid was bad, but McConnell is just the same.
Interesting………McConnell, looks to be running his own show………..
I have come to the conclusion that they are all one and the same, CFS.
I realize that you came to this conclusion a long time ago.
Bye All,
Best in your journey.
This site has been over run by religious nutbags.
I have spent a lot of time these past couple of days weeding out their comments. There is no place for them on this site.
At last. I was wondering when the axe would fall. Just tuned in after being away for a day and I see a lot of the crazy stuff is gone. Some of that commentary was bizarre and normal people don’t want to even post adjacent to that kind of material.
YES CFS – this site is getting hobbled.
Not anymore, Reverend.
We will not tolerate it anymore. I guarantee it.
Chinese jewelry buying again jumped several fold due to the recent gold crash. Chinese experts remind people be careful.
http://bbs.wenxuecity.com/finance/3754722.html
Chinese gold buying jumped lately due to price drop
Off Topic:
Helen Caldicott: Fukushima’s Ongoing Impact (1 hour)
https://www.youtube.com/watch?v=4qX-YU4nq-g
This is one smart lady.
When she veers off science and stumbles through the odd patch of politics, I get this gagging response – maybe it’s the radiation.
I agree Vortex, Skeeta – pretty much the whole weekend show has been sabotaged into a charade of clowns. Al and Cory simply have to do something about it. Anyway, why not console yourselves with the very powerful one hour discussion between Julian Charles and Paul Roberts below. Talk about our minds in need of renewing! Best, A
pcr-interviewed-julian-charles-mind-renewed-uk
Sorry, now Paul Craig Roberts can’t be accessed above. Go to Julian Charles’ site A Mind Renewed.com – the interview is really excellent.
The site has gotten silly.
HH has support from DT, Wayne, Frank one or two others but especially AL who “has a lot of time” for HH
Many people have protested to no avail, but it is ALs site and if Al prefers religious doom and gloom ranting over economics so be it.
Very unfortunate, without HH the conversation is pretty good.
Speaking of PCR, his recent article on ” The Eroding Character of the American People” seems insightful.
Heathen, that is funny you should submit an article on ERODING CHARACTER…jmho
No disrespect intended…………just funny…………………….the claw
HH is gone Heathen.
I had a lot of time for some of his relevant comments in the past but, not more.
Your site will improve Al.
Guess I can go back to bb, as heathen was for HHs benefit.
I guess that I am a heathen also, but I do “walk the walk”. I just refuse to force others to feel the same way as I do!
Of course you are gone. I can’t see your post.
The preceding post was a response to the un-named poster who has been permanently banned. Sorry if it does not make sense anymore.
Pretty tuff to get people to see things the way we ourselves do, especially concerning religions.
Ever see a list of how many bibles are out there? or number of different Christian religious groups? (probly the same with others too)
People see things their own way, even when sharing a religion.
Nice if we could agree on just peace.
The site will improve a great deal, just in time for the “crash” or “shemita” or “event”,
whatever happens Im glad we are in the position to share ideas, some of the minds here are pretty sharp.
Thanks for those words, bb.
By the way, I happen to completely agree with you about “if we could agree on just peace”
Thanks, man!
bb ‘People who love Christianity better than truth will love their own sect better and end up then only loving themselves’. Forget who said something like that, but I’ve met countless ‘Christians’ who are narcissists pure and simple! …Sickos!
AND some , who do not know how to rightly divide the word…………
Thanks Andrew, always good to see your level-headed and rational take on things.
Best to you as well.
V
A also agree with your comments about laughter Vortex. Simply underlines so much of the current madness!! Take care, Andrew
On July 26, 2015 at 2:43 am,
Andrew de Berry (Rev) says:
I agree Vortex, Skeeta – pretty much the whole weekend show has been sabotaged into a charade of clowns. Al and Cory simply have to do something about it
On July 26, 2015 at 5:56 am,
heathen says:
The site has gotten silly.
On July 25, 2015 at 11:08 pm,
Skeeta says:
This site has been over run by religious nutbags.
This site is ruined..on purpose. Ask why….they want to confuse and obsfucate
with god talk.. HH is their front man.His site is a joke.
Al emailed me 2 weeks ago asking for a donation of their newsletter,,,,
no one who is professional does that.I don’t get the newsletter any longer….
agatha
I think that you are a bit confused as I have never asked for any donations.
I completely agree with you about this blog. HH has been removed as was Franky. We will continue to remove people who post inappropriate comments which are completely off topic.
My apologies, by the way. It is my responsibility for letting it happen.
Al tells us that HH has now gone. A quiet hallelujah so let’s now move on!
Andrew, your PCR interview was excellent.
I really hope as many people as possible find out the MO of banks.
Yes, Reverend let’s definitely move on.
There is definitely a place for God in this world but He does not want us to be offensive and/or crazy!
Heavy Hitter
With all do respect this is not the forum for your fire and brimstone messages.
This is a blog about economics, the title gives you a clue.
Amd quite frankly you keep talking about the truth, and yet you more often than not spout your opinion.
The truth is the word of God, the 1611 King James Bible.
God says his word will not return void. Not your words.
Give people the truth in love about the grace of God and let them decide for themselves.
Stop getting all angry and ment out of shape.
You are way over the top. You are not the voice of God.
Share Gods love and mercy and let them know how they can be saved.
Stop hitting everyone over the head with fire and brimstone.
Kudos to Al and some others comments made
HH you are extreme in your religious beliefs and this is not the place to be framing it down people’s throught. The creater gave us free will and that’s what we have.
Yes things are messed up but technology population and the ability to travel have created many modern day issues.
I don’t think we can even speculate what thing will look like in 5 years let alone 10 years.
I use to worry about it but that spreads fear. Embrace it as we are in very interesting times.
I’ve watched the far majority here be dead wrong about the markets.
Most praying or hope at least for gold to go up!? Why?
I told the wife that if the price of a house doubles it doesn’t help you at all. Simply put, chances most other things have doubled also but the high majority of folks salary has not gone up a dime.
Gold can’t make you rich. Gambling in stocks and leverage can but 98% destroy themselves in the process.
Let’s stick with facts pls
My last post was posted up above and might not be seen
It was directed towards heavy hitter
The sort order of the posts is not right
James (the lesser
YES Excellent
I lost a few post as sometimes on my hand set I pop them in the wrong spot or if I miss a letter good old spell check completely changes the word or turns into a couple!
PS BIG UP TO Jeffrey Kern
His metheodeology keeps it simple and avoids losses. THE MOST IMPORTANT PART OF INVESTING.
Let it be so HH
Take that stuff else where. It’s a big planet.
Al what happened to my long comment?
And Big Up to Jeff Kern? Lost in space?
Too late….you yourself have burnt the house down Al and you deleted my comment..inc requesting me to make a ‘donation’…in a private email..you going to delete this too…?
I did not delete any of your comments.
The house may be burned down for you, but it is certainly still standing.
I really wonder about some of your comments. You seem like a bright person, but some of your comments toward me are pretty personal. Oh well, what can I say?
Sorry Al.
I see it my comment. You are VERY unbiased for the most part….Much appreciated.
Ive laid down some harsh comments at times but some are living in a bubble. I just care about finding the hard facts and point out the BS and failures of some. I’ll be the first to point out when I AM WRONG.
My Pops had a heart attack last year. It changes ones attitude…One cannot be completely negative and worry as it will destroy you..There is a TON of issues these days and most likely another melt down in maybe a few years (it may be the cleansing we need) but no sense dwelling on it every second. That’s where HH has issues..Have a great Sunday!!
Can’t imagine Al pulling any silly stuff. He’s seem straight as an arrow!
Hope everyone is having a pleasant WE.
IMHO, the site might “benefit” from a kind of “Pandora’s box “room” where everyone could comment on whatever the topic they wish too – and that is not investing/resource investing related. That could enable people such as Franky to post there – Franky, if you read me, I miss you and your Youtube links my dear !
And I’m also confident the “Pandora’s box room” could also have sponsors to advertise in there!
My 2cts.
Peace.
LPG
Hope everyone is having a pleasant WE.
IMHO, the site might “benefit” from a kind of “Pandora’s box “room” where everyone could comment on whatever the topic they wish too – and that is not investing/resource investing related. That could enable people such as Franky to post there – Franky, if you read me, I miss you and your Youtube links my dear !
And I’m also confident the “Pandora’s box room” could also have sponsors to advertise in there!
My 2cts.
Peace…
LPG
GOOD THOUGHT……………….would be an area to discuss other topics…
1111111111
Segment 4:Glen Downs.
Great explanation on how our Congress routinely turns our Constitution on its head. It’s a circus. But in the over all scheme of things this is not a unilateral decision. It’s an international treaty among super powers, and for the most part they’ve had enough of our hegemony, along with false–Iraq and Libya most recently.. They are no longer willing to participate in embargo(s). So as they say the difference between a leader and a fool out taking a hike is that when the fool turns around and looks over his shoulder, there is no one there.
Thus all this political pomp and balderdash by Sen Mad Dog McCain and his potbellied counterpart from SC, SEn. Lindsey Grahm is just that. These are the clowns that got us into Iraq, and then here a surge, there a surge–winning the battles but never the war… and now want to go back. Really?
We train our troops in 12 weeks of book camp and they’re good to go; yet after a decade of training the Iraq army can’t stand on its own or put down a mishmash of insurgents.. The lesson here is that tv pundits and war hawks love to ignore is that never in recorded history has a nation been successfully invaded and occupied by a foreign army in which the general population was armed–which explains why our latest puppet governments in Iraq and Libya can’t keep a lid on things.
As far as starting a nuclear arms race in the Mid-East, as Sens. McCain and Graham f ret, that race began when one of the co-signers of the SALT gave nukes to Israel. That is where the our US Senate should focus their investigations: Who authorized that; which co-signer of the SALT gave nukes to Israel? Now McCain and Graham fret about who can be trusted! Ask the American Indian, “….for as long as the grass grows and the wind blows…blah, blah, blah.”
This is bad news for the platinum company though. Lonmin PLC (LMI:LN) share prices are now down 94% from their 2011 peak having suffered the same kind of value carnage as many other miners. One analyst is even questioning the companies survival if prices don’t recover soon. As usual in this sector it is debt that weighs on many of these companies so it will pay to keep that in the back of our minds as risk is heightened should metals not recover.
Lonmin falls on funding fear as 6 000 job cuts imminent
http://www.mineweb.com/news/platinum-group-metals/lonmin-says-4500-south-african-jobs-at-risk-in-proposed-restructuring/
The post above should follow my other post on the platinum production cuts at the bottom of the thread….not sure why it posted up here.
mine did the same thing.
Blame Heavy Hitler! It’s all his fault. Once the post deletions started in earnest then the conversation flow was all broken up. (Actually, its just a software issue but since we are dog-piling HH this weekend I am just going to go with the flow. I really hated that guy!)
LOL
I hope HH finds the peace he’s looking for.
I think his heart is in the right spot…just not his method of delivery.
Skeeta, He was a TROLL!!!!! Good riddance to him.
GOOD POINT SKEETA………………..DITTO ON THE PEACE …I am sure he has already found it………………
He Ain’t HEAVY , He’s My Brother………..By the HOLLIES……1967
He was a troll. And its possible he was paid to be one.
The U.S. government employs people to destroy blogs.
At least so I have read.
One of their main weapons is religion, as it divides the blog.
Isnt the something said about the devil not being recognized? lol
Whatever, Im just glad hes gone.
OPINION only……., but, someday we will all be gone………lol
I never realized that! You are one smart guy who is very lucky to have a very bright daughter! (Unfortunately, I fall into the same category.)
Very lucky on the daughter part,,,,,,,,many would question the smart part…….hope , you are feeling better, sorry for all the problems that have arisen………….best j.
Every single day is meaningfully better for both Kathy and I. Thank you for your thoughts!
We are in a major deflationary cycle that will last. That’s it. Its simple…
Good stuff by Mike C
https://soundcloud.com/cknw/the-impact-of-declining-oil?in=cknw/sets/campbells-comment
Another good one….Don’t shoot the messenger! Gold should hold better than other commodities I believe.
https://secularinvestor.com/breakdown-2015-now-fact/11986/
oops, went to the wrong place, I ment the mineweb article.
oops, that went to the wrong place, I ment he mineweb article.
The carnage continues. Relentless. No chance for gold and silver.
They have complete control of the market and have broken the price and the psyche of gold investors
Bloodbath continues
Trading begins this eve, there was a Daily Hammer Candle with Record Volume print last Friday. Needs follow up confirm.
Silver printed a clean Doji Candle with a LOD off the May highs, not record volume.
I like Doji’s that print a low at base of downside.
Matt beat me up about holding cash in Dec. Put up a chart USD vs Gold. I new I was going to be right but not this right!
I will watch silver in the next few weeks.
Meanwhile,all available gold production in the world is being consumed as central banks ramp up reserves in anticipation of self preservation regarding the next inevitable reserve currency reset.The Comex and GLD is drained of any relevance while the US and the Fed print endless fiat that will never be paid back.The alleged bear trend is an illusion of paper gold priced in bankrupt fiat by criminals while the cost of pulling actual gold out of the ground was barely profitable for the vast majority of miners at the very top of the recent fed note denominated surge.Gold has always had and will always have relevance as it has always been a major tool of fiscal survival after all the theft and lies reach their ever inevitable conclusions.Central banks know that and those that have ever survived the collapse of government debt or societal breakdown know that.The band plays on but this reserve currency hit the iceberg many generations ago.Everybody that understands monetary history knows what the Federal Reserve truth is and how this game ends. Timing of outright collapse is the only chapter left to play out but many recognise the colossal fiat con job going down before our very eyes.
Panics, mania, crashes and collapses, as it turns out, are as common to financial history as thunderstorms to placid summer afternoons. They tend to show up suddenly, wreak more than their fair share of havoc, and recede into the history books only after endless discussion of their causes and cures. Whether brought on by popular delusion, unscrupulous market operators, misguided governments and/or central banks or some random, unforeseen shock, black swan events are part and parcel of the human experience and just as permanent a fixture in our collective history as wars and natural disasters.
Those who think it can’t happen here, or that this time around it’s different, should take note of the number of black swan events in American history alone. The record is formidable. Gold ownership is traditionally a form of battening down the hatches against these recurring storms and, for the minority who adhere to it, an effective and ever-ready defense. Nialls Ferguson, the economic philosopher, summed up what a good many were thinking in the wake of the 2008 meltdown when he said, “Those few goldbugs who always doubted the soundness of fiat money — paper currency without a metal anchor — have in large measure been vindicated. But why were the rest of us so blinded by money illusion?” Why indeed. . .
http://www.usagold.com/reference/panicsmaniacrashes.html
GoGold is a company that has been on my watchlist all year long, because several pundits have spoken very positively about their growth story. I see them as a potential take-over target by a Major or Mid-tier that may want to acquire their assets.
Does anyone have any thoughts on GoGold Resources?
___________________________________________________________________
GoGold’s second mine in sight A funding agreement with BMO on favourable terms funds GoGold’s Santa Gertrudis project.
Kip Keen | 23 July 2015
http://www.mineweb.com/regions/central-and-south-america/gogolds-second-mine-in-sight/
I am very good friends with a person that works on MineWeb, and has 20+ years experience developing websites. I’m going to ask him what the essential features of a healthy COMMENT section might be. I’ll report back later.
B2Gold Corp. Achieves Record Second Quarter and First-Half 2015 Gold Production; Gold Production Increases 42% in Second Quarter 2015
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 23, 2015) – B2Gold Corp. (TSX:BTO)(NYSE MKT:BTG)
Doc sounds a lot more cautious that Gary on the conventional markets, kind of politely casting doubt on Gary’s opinion of a big, quick and nasty correction and then possible new highs and bubble phase.
It is nice to hear Doc talk longer term. I asked if it would be possible for your buys to discuss long term market forecasts. Actually I would like Doc and Rick to talk 10 years out or more, even 20 years out. how they see the US dollar cycle going (continuing as it has in the last 45 years or changing due to this present Kondratieff winter cycle which is an 80 year event.
What does they see for the Eurozone over the next 10-20 years ie the resolution of the Euro crises? How does that impact dollar and gold.
gold had its bull markets during European integration in the 1970s and early 2000s. If we see European disintegration maybe that is long term bearish for gold. That integration topped out in 2008 with Euro at $1.60 and the beginning of the Greek crisis.
I see possibility of secular gold bear market and possibility of next dollar bear market not going to new lows (2017-2024) for the first time since 1970.
These factors are crucial to the future of gold.
Comment on Korelin Economics Report Weekend Show from 25 July 2015:
Doc Richard Postma sounds a lot more cautious that Gary Savage on the conventional markets, kind of politely casting doubt on Gary’s opinion of a big, quick and nasty correction and then possible new highs and bubble phase.
It is nice to hear Doc talk longer term but he is still covering only about the next 2 years. I asked if it would be possible for your guys to discuss long term market forecasts because I though their ideas might be illuminating ot us as listeners and broaden the perspective. Actually I would like Doc and Rick to talk 10 years out or more, even 20 years out – how they see the US dollar cycle going (continuing as it has in the last 45 years or changing due to this present Kondratieff winter cycle which is an 80 year event).
What does they see for the Eurozone over the next 10-20 years ie the resolution of the Euro crises? How does that impact dollar and gold.
Gold had its bull markets during European integration in the 1970s and early 2000s. If we see European disintegration maybe that is long term bearish for gold. That integration topped out in 2008 with Euro at $1.60 and the beginning of the Greek crisis.
I see possibility of secular gold bear market and possibility of the next dollar bear market _not_ going to new lows (2017-2024) for the first time since 1970.
We need to consider these factors and not assume that the gold bull market will just resume and go to $8000 once the US dollar has its next top. Look what happened in 1985-87! Gold didn’t even manage to get to 60% of its former high on a massive dollar crash of 40%.
These factors are crucial to the future of gold and we need to get these ideas out in the open for discussion.
It will be interesting to see if a key gold company like Randgold breaks its support on the weekly chart around $58-60 or if support holds:
http://stockcharts.com/freecharts/gallery.html?s=gold
Gold capped at $1105 and #Silver 14.78 during London session.
You always have the London Express around 3h00 EST and the New-York Express
around 8h00 EST … Yawn.
BTW…………..LONDON GOLD FIX……is a JOKE……jmho
GOLD bounce on the NY OPEN………I guess London is the bag holder today.
Just testing …
I’m a bear overall but we are way oversold and COT lowest in 2 years. Happens at major bottoms.
On July 25, 2015 at 4:57 pm,
Lawrence says:From above.
I never mention China till a month ago when the stock market went parabolic. I said it could crash any day and the powers that be did all the stupid things our Gman does. Incl loving up shares on people as they watched them collapse.
They highly control their economy. It never works. They assumed 7% growth for ever. They built empty cities over consuming now they will be underconsuming. There is much corruption below the surface.
You will see in time. They can have a very hard landing as well. They are not special. We shall see.
Glen will be reporting to us and you from some of the “empty cities”!
Lawrence…where is the inflation showing up in China??
My research is not mainstream. Trust me China will fall out…
We were booming China’s factory’s were full making crap for the masses.
NOW OVERCAPACITY. Global sales are way down and trust me there are not enough middle class to keep themselves buying all those products to stand on their own. I’m not here to school you but believe you me me research is rarely wrong and only out a bit occasionally. You wont find my REAL research for free on the internet..
Did you predict the Gold Bull in 2000? A major top in 2011. A recovery in the US and a DOW bottom and a big move? A crash in the Shanghai and it is a crash by all technical measures…Your are very naive and I wish you good luck.
My top guy says YES a meltdown in China and you Can Take it to the F#### Bank. Just don’t know when yet….
Well I’m not impressed with today but capitulation is probably still occurring and need a little time to stabilize then hopefully a good bounce.
I’m in at the lower blue line for a trade….I feel like a cat on a hot tin roof!
http://stockcharts.com/h-sc/ui?s=ZJG.TO&p=D&yr=1&mn=9&dy=0&id=p24990037749&listNum=1&a=417764085
UGLY!
Yip hes right on the money. Canada is still in nose dive…
http://www.greaterfool.ca/2015/07/27/strong-free-3/
BILL,,,,,,,,got any GLUE FACTORY INSURANCE……………………lol
HEY ALL,
What I am about to say is NOT tongue in cheek but a seriouis observation. Here in San Diego we have a fast food chain which is actuallly based here too. It is called Jack in the Box. Dont know(dont care……:) if they are in your neck of the woods – but they have been around forever….anyways- they HAVE ALWAYS been “famous” and/or linked to their “TWO TACOS FOR 99 CENTS – product promotion pitch. I mean ALWAYS……as in like ALONG DAMN…… TIME…. Anyways I went there today for a snack…a simple four taco order for me and my brother. -$2.13 NOPE not this time…….cost $2.57! Yep – includes tax…those 99 cent taco are now $1.19 now..you say….. Big deal -who cares???…..ah, that is where you are wrong…. for them to do this is an absolutely HUGE marketing decision forced upon them by market forces beginning to grumble.and avalanche starts with that one little -seemingly insignificant snowfake hits the unstable area and whoosh….SHTF….they (corporate) had to raise this customer-pull marketing gimmick TWENTY PERCENT….as a product promo so ubiguitious -wow to do that is gigantic…when looking for a beast in the dark woods….dont look for the entire shape of the enormous body frame…look for the WHITES of THEIR EYES!…,,,,,inflation is starting to roar and roar and roar…..and..( BTW, as a side note: Albertsons (now Haggans) sold routissere (sp?) whole chickens for $5.99 a piece FOR EVVVVERRRRRR!!…walked in there a couple of day ago………guess what they are now $7.99…..33% raise just like that……wham!!! Oh, and the chickens are smaller and less pleasing to the eyes…hey, things are starting to get interesting,,,,,,,real interesting,,,,,to those who are aware of the thief in the night coming to do their thing – and it aint going to be delivering milk and cookies,,,,:)!