Deeper and deeper we go. Jay Taylor comments.
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It’s not over yet, but we think that today could be the start of something big in the conventional markets.
I commented on this during the Daily with Doc
At an all time “low”
My brain still moves faster than my fingers.
Glad to see Jay T still around, he and his buddie Roger got smoked during the bear market in pm’s, ugly!!! what ever happened to Peter Grandich, ouch!
Whatever happened to Roger? Why do we no longer hear from him here?
Roger is a little bust at the U.S. Open tennis championships.
I meant “busy,” not “bust.” Go Federer!
now that is funny as hell!! anyone for tennis..buysellbuysellbuybuybuysellsell
Jay did not get smoked so bad. My impression is that Roger was hit harder than most.
Eddie,
I cannot comment on Roger anymore. All I can do is wish him the best.
Jay did not get smoked so bad. My impression is that Roger was hit harder than most.
I guess Jay wasn’t investing heavily into the jr’s he was promoting, interesting, good to hear, Roger was just too high strung to handle a bear market a great example that anyone can make money during a bull run.
I would agree original.
Jay does invest in a lot of the companies he discusses. I admire that because he does put his money where his mouth is.
Jay’s honesty and humility are a breath of fresh air. I wish more in this industry were as honest and humble as Jay.
I happen to agree with you.
As a point of interest, Jay and I and Doc do a weekly and sometimes bi-weekly Bible Study. Great to have friends like that!
do you guys study PAUL……….
Sure, but not exclusively.
I agree Ebolan. I’ve listened and read Jay’s work for years and seems like a very honest and ethical man, and seems to shoot from the hip with people and deals in the real. I wish there more people like Jay Taylor in the industry.
As for Roger W. – He may have had his faults, but he had a great handle on the whole commodity basket and usually was fairly accurate with base metals and soft commodities, was OK with energy, and was a little off on the bottom in PMs.
Many people forget how holistic Roger’s approach was to the whole commodity basket, so I’d tune out his conspiracy theories and precious metals dialogue, but did listen to him for the other commodities he’d cover. It would still be nice to hear from him sometime soon on Oil, Nat Gas, Base metals, Sugar, Coffee, Soybeans, and other thoughts on the general markets. Based on Al’s comment, it doesn’t sound like he’s coming back on the show.
Ditto.. a super guy!! I’m going to subscribe to his newsletter. Thanks Big Al.. for having Jay on today.
Jay is a good person
The Dow is down 400 points and my portfolio of juniors is up about 4.5%. So much for the people who thought the miners would crater if stocks dropped.
so much for all that US equity $$$$ running into gold, silver, gdx, gdxj, hui or commodities in general as so many suggested
Okay but look at Matthew’s experience.
Don’t worry, JJ, that’s coming. Value still matters and the miners will (continue to) grab the attention of the few smart guys that still exist. You don’t have to be gold bug to choose a 5 or 10 PE in a world full of 35 PEs, but you do need a few brain cells I guess.
time will tell in Aug gold was up 3.5% as the US indexs were down 6-12% would like to see Yen above 84.25, Gold $1169, Hui 133, Silver the big one to watch above $15.50 my indicators are telling me to hold no positions short or long, maybe Fri NFP will change that into next week? DUST was very good to me in June/July up $130% with Aug having NUGT up 50% now flat, just long OIL into Wed US storage data
Good point Matthew.
Big Al my S&P short is up 9.8%! Keep yo fingers crossed! I am holding for 20 or bust.
Interesting to see Newcrest Mining sold down some of its stake in Evolution Mining.
The PPT has not fired a shot yet today. If it does, then the Dow should close less than 200 points down. If it does not, who knows.
I believe it will act in order to produce a slow bear market decline.
Stocks are high, but not extreme. Sentiment, driven by fast information flow over the internet is different this time. I don’t like the concentration within the newsmedia, possibly being able to drive opinion, but it is what it is.
I believe the general stocks are in a bear market, but is it cyclical or secular?
I think just cyclical……essentially an extended correction.
But my belief in good government is at an all time. Corruption and incompetence ubiquitous; partisan ideology placed above doing what is best for the country.