Weekend Show – Sat 31 Oct, 2015

From the 2015 New Orleans Investment Conference

Hour 1: 

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Hour 2: 

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Hour 1:

Hour 2:

 


 

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Featuring:
Cory FleckBrien LundinChris TempleRick RuleJames TurkChuck Provini
Adrian DayPeter Dasler
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Comments:
  1. On October 31, 2015 at 2:46 am,
    Mark says:

    NOTHING MATTERS ANYMORE……………….IT’S ALL FRUAD!!!!!!!!!!

    • On October 31, 2015 at 3:08 am,
      Bentnail says:

      If it’s all fraud, then I guess that includes your statement that claims it is all fraud. And so, we can therefore ignore all of your posts from here on in since you are a fraudster by your own admission.

      • On October 31, 2015 at 9:36 am,
        Bentnail says:

        Most certainly not, but your redundant comment is becoming very tiresome and annoying to totally honest with you (whether or not you are joking).

        • On October 31, 2015 at 11:01 am,
          bb says:

          Maybe its HH with a different message.

        • On October 31, 2015 at 8:38 pm,
          Jason says:

          Maybe it’s Erwin?

    • On October 31, 2015 at 8:29 am,
      silverbug dave says:

      Byron King gave a key sentence to us :
      “Increased oil imports in the USA in the last year.”
      That is the one thing that can top the US dollar.
      Peak USA Oil production #2.

      • On October 31, 2015 at 2:32 pm,
        silverbug dave says:

        He also mentioned a peak in US oil production as occurring this year but he didn’t say if he though it was a longer term peak.

  2. On October 31, 2015 at 2:59 am,
    FranSix says:

    We began the month with an RSI crossover below 70 on the monthly chart, but did not make much overall headway with the decline of interest rates vs. inflation. But the gold price will move up as this indicator moves down.

    Much of the speculation of a renewed lower price regime is based on very short term considerations on how the COT numbers may influence trade.

    http://schrts.co/Keexry

  3. On October 31, 2015 at 3:10 am,
    FranSix says:

    Secondly, how do you save money in gold? You buy Exchange-Traded Receipts with the Royal Canadian Mint. Once you’re able to redeem those receipts after acquiring sufficient quantities, you do so on a tax advantaged basis and take delivery.

    Will bitgold do any better than the banking sector? NO.

    • On October 31, 2015 at 10:59 am,
      Big Al says:

      Thanks for the two great comments Fran Six

  4. On October 31, 2015 at 7:26 am,
    silverbug dave says:

    I wonder how many of the top speakers at the conference are up on their portfolios in the past 4 years?

    • On October 31, 2015 at 10:59 am,
      Big Al says:

      My personal opinion Dave? Very few!

  5. On October 31, 2015 at 8:14 am,
    bb says:

    Business development companies.
    dividends of maybe 10%
    Are there any of these on the Canadian market?
    Ive never looked into these, other than the list I posted, but they were all on the American market.

    !0% dividends kinda makes owning goldstocks silly to own in a bear market.

    • On October 31, 2015 at 8:20 am,
      silverbug dave says:

      With regard to the elite miners take a look at the Randgold long term chart and what does that tell you?

      http://stockcharts.com/h-sc/ui?s=GOLD&p=M&yr=25&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1

      • On October 31, 2015 at 8:53 am,
        bb says:

        So you agree, silverbug, those dividend payers would have been wiser to own than goldstocks since the peak in gold.
        Excluding trading,(catching bounces).

        • On October 31, 2015 at 8:58 am,
          bb says:

          And selling short of course, finding the best for that would be places like Ed Steer Norcini, short talk has been frowned upon in some communities.
          We may be heading to $1000-$800, the question should we get there will be “Has Dent been right all along?”

          • On October 31, 2015 at 9:02 am,
            bb says:

            And if we DO get to $400, will it be a 16 year grind until it spikes again?

            Diversification looks pretty good sometimes, 5% physical gold, what % 10% or better dividend payers would be correct for most people? Back of the envelope, diversified thru the sector maybe 50%.

          • On October 31, 2015 at 11:01 am,
            Big Al says:

            As you know I am not in that camp.

    • On October 31, 2015 at 11:00 am,
      Big Al says:

      Yes it kinda does bb

      • On October 31, 2015 at 11:03 am,
        Big Al says:

        Diversification is definitely my game. More on that next week bb

  6. On October 31, 2015 at 8:19 am,
    silverbug dave says:

    Great interview segment with Rick Rule Cory! However, I don’t agree with Rick’s compairosn with 2001.

    Unlike what Rick Rule said in Segment 2, we are not in 2001 and gold has NOT been in a bull market for 18 months in every currency except the US dollar as it was in 2001.

    Also in 2001, the Euro was bottoming and was about to take off vs the US dollar. Is that about to happen again? Perhaps but there is zero sign of any kind of reform in Europe, rather the retrenchment of existing failed policies.

    Also in 2001, the Euro was bottoming and was about to take off vs the US dollar. Is that about to happen again? Perhaps, but there is zero sign of any kind of reform in Europe, rather the retrenchment of existing failed policies.

    Gold in Euros looks more interesting though. It has had a bear market rally that hit resistance at $160 very hard and came off a lot and is perhaps crawling its way back up. Maybe it’s the resumption of the secular bull but maybe it’s just a bear market rally still.

    http://stockcharts.com/h-sc/ui?s=GOLD&p=M&yr=25&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1

  7. On October 31, 2015 at 9:15 am,
    Frank from moscow CCF says:

    ANDY MAGUIRE interview at KWN……..posted earlier by FranSix….great listen to….jmho

    • On October 31, 2015 at 10:05 am,
      Ebolan says:

      I gotta get caught up on my reading of this blog. I am only up to FranFive!

      • On October 31, 2015 at 11:37 am,
        Frank from moscow CCF says:

        If you start noticing franfour……..head for the door……………

    • On October 31, 2015 at 11:04 am,
      Big Al says:

      Thanks Moscow
      .

    • On November 1, 2015 at 8:23 am,
      silverbug dave says:

      I just commented on the Maguire interview elsewhere. It is a total joke. He is taking the p*ss. as he has been doing all the way down. If yoi ulisten to him you deserve to lose money bigtime.

      • On November 1, 2015 at 12:19 pm,
        Frank from moscow CCF says:

        What is it about the Maguire interview that you found as not informative., just asking.

        • On November 1, 2015 at 9:43 pm,
          Frank from moscow CCF says:

          btw………Jim left you a note…………

  8. On October 31, 2015 at 9:33 am,
    Chester Field says:

    Only concern with bitgold is …. hacking.

  9. On October 31, 2015 at 10:03 am,
    Ebolan says:

    Interview on the incredibly corrupt, vile and disgusting Clintons. Everyone needs to listen to this and these criminals need to be exposed. Maybe Big Al can do another interview with Jeff Deist regarding this.

    And did you know that 80% of Hillary donors are Jeb donors? Just proves that Demonrats or Republocons they are just different wings of the same corrupt, evil bird of prey.

    https://www.lewrockwell.com/podcast/roger-stone-endorses-trump/

    • On October 31, 2015 at 11:07 am,
      Big Al says:

      Many thanks Eddie!

    • On October 31, 2015 at 11:15 am,
      bb says:

      Ebolan,

      I figure people know that the people running the nation are corrupt.
      They just don’t care enough to do anything about it.
      Maybe not smart enough to do anything about it.
      They could have voted Ron Paul, that was too much effort tho, so my guess is they don’t care enough to do anything about it.

      The Americans have recently posted combat troops to Syria, that’s an act of war, imagine the “neat stuff” we get into should the Russians kill them, which could happen, they are there with “moderate” rebels, you know,….. the ones fighting Assad.

      Anyway, you know anyone even mentioning it? no? Im shocked! Actually, I think its because nobody gives a shoot.

      Just as nobody cares the Clintons are corrupt.

      And Mark, nobody cares the markets are corrupt either.
      Its just life buddy.

      • On October 31, 2015 at 12:10 pm,
        Ebolan says:

        Yes, the masses are clueless, brainwashed and apathetic. Always have been and probably always will be. But they are brainwashed early and it is drilled into their heads that gummit is their religion. They are told their rulers are saints or near saints. Here is an interesting article on some of the founders. They were rapscallions.

        Everything You Know Is Wrong: The Boston Tea Party
        https://www.lewrockwell.com/2015/10/max-mcnabb/everything-know-wrong/

        And when the gooberment isn’t busy being corrupt, it’s busy being incompetent. Like spending $500 million on 50 “moderate” rebels—-all of whom were captured, shot or deserted within weeks of being placed in the field. Gooberment, gotta love it!

        • On October 31, 2015 at 12:15 pm,
          Ebolan says:

          But they are brainwashed early and it is drilled into their heads that gummit is their religion.

          And here in Colliefornia (as Ahnode calls it) they want the “liddle childern” even earlier. They want hundreds of millions for pre-pre-school. Just yank ’em outta the womb and plunk ’em down in those gooberment run youth indoctrination camps!

      • On October 31, 2015 at 12:13 pm,
        Ebolan says:

        And regarding possible war with the Rooskies who knows what ghastly horrors are rulers will lead us into but one thing is for sure: Our rulers’ proxies have just heated things up big time.

        https://www.lewrockwell.com/2015/10/tyler-durden/empire-strikes-back-2/

      • On October 31, 2015 at 1:04 pm,
        Frank from moscow CCF says:

        bb ……the sheeple do not have a clue the Clinton are corrupt……., they do not know coke is bad for you health, Monsanto has engineered beans, there are chem trails, the fed is not federal, ………the list goes on……….

        • On October 31, 2015 at 1:33 pm,
          Big Al says:

          And on and on and on Moscow!

          • On October 31, 2015 at 8:44 pm,
            Jason says:

            They also know Frank isn’t from Moscow.

          • On November 1, 2015 at 4:27 am,
            Frank from moscow CCF says:

            Actually Frank’s real name is Moses and is from Frankfort.. “)

  10. On October 31, 2015 at 10:06 am,
    Ebolan says:

    Rick Rule of Sprott Global discusses the big picture for the gold industry and how investors should be investing in gold stocks.

    And that means you, A Listener. 🙂

    • On October 31, 2015 at 11:11 am,
      A Listener says:

      Why me?

      • On October 31, 2015 at 11:21 am,
        bb says:

        A suggestion to stop being bearish maybe?

        Problem with Sprott,Embry and Rule is they are Buy Buy Buy, always a good time to buy, going up, good time to buy, going down, on sale! Good time to buy.
        Eventually they will be right tho, I would have respect for them had they recommended dividend paying shares instead of gold shares when gold peaked tho. As am example.

        • On October 31, 2015 at 11:31 am,
          Matthew says:

          Rule has never been a “buy, buy, buy” type. I guess people hear what they want to hear.

          • On October 31, 2015 at 11:52 am,
            bb says:

            People also say what they want to.

          • On October 31, 2015 at 12:00 pm,
            Dragonite says:

            it is right Matt. Rick Rule is definitely not a perma bull. He buys and sells based on under valuation and over valuation. I feel BB really know nothing about Rick. Rick was not even part of Sprott just a few years ago. As for John Embry and Sprott, they are more towards buying into weakness created by manipulation, which eventually will be right too but it could be extremely difficult. But they did capture the biggest opportunity in early 2000 s and made a fortune. Can they be right again? most likely they will as long as they live long enough. They are insiders and high on Canadian financial elite list. John Embry was a famous fund manager in Royal Bank and he revealed manipulation and got fired. Then he worked with Sprott and turn that company from $200 million to over 10 billion. He got the track record. He gets good reputation is Canada.

          • On October 31, 2015 at 12:11 pm,
            bb says:

            That’s right Lawrence, but as far as I can ever recall, he never talked about buying lumber on these sites.
            Just PMs, course I could have missed the interviews he was saying PMs might not be positive. Hard to see him saying that tho, but, sure, I could have missed it.

          • On October 31, 2015 at 12:13 pm,
            Frank from moscow CCF says:

            Dragonite………great info concerning the players……………jmho………..CLAW

          • On October 31, 2015 at 12:13 pm,
            Matthew says:

            Dragonite, all three are honest guys in my book.

          • On October 31, 2015 at 12:14 pm,
            Frank from moscow CCF says:

            bb is correct on the lumber……….

          • On October 31, 2015 at 12:15 pm,
            Frank from moscow CCF says:

            buying lumber is stupid if you do not know the real estate market……….jmho

          • On October 31, 2015 at 1:39 pm,
            Big Al says:

            Of course it is Moscow!

          • On October 31, 2015 at 12:18 pm,
            Matthew says:

            BB, those who’ve paid attention know that Rule has been a bearish “stick-in-the-mud” while most people were bullish. He often seemed like the only one pointing out when the miners got too expensive. He was right even if sometimes a little early. He’s right to be bullish now and again could be slightly early.

          • On October 31, 2015 at 12:23 pm,
            Dragonite says:

            BB, I remember Rick once was saying that he does not invest in Pharma or something(I forgot what the field really is) because he does not put time into it and he does not know enough. It is not because it is bad investment. Everyone has his limit. If Rick starts to talk about lumber, I have to go back to check how much experience in that area he has. 🙂

          • On October 31, 2015 at 1:37 pm,
            Big Al says:

            Very good point Dragonite

          • On October 31, 2015 at 12:34 pm,
            Matthew says:

            Exactly Dragonite. In fact, I think Rick’s main expertise is in the oil/gas sector not PMs.

          • On October 31, 2015 at 12:36 pm,
            bb says:

            You missed my point with me mentioning lumber Lawrence, Rick, none of them, come on these sites or kwn etc to talk about lumber or pharma, they come on to talk PMs. and they are NOT going to say PMs are not good. (to many advertising dollars involved)
            also, to say anything negative about PMs would be negative on Sprott funds, of course he will be positive, always a good time for PMs.

            Maybe I should ask how much of YOUR money or Mathews money is Sprott and his buddies handling?
            Obviously if they handle lots you have faith in them and if they don’t……….

            I only said ETFs might not be bad because not everyone has time or cares to take the time to find individual stocks.

          • On October 31, 2015 at 1:35 pm,
            Big Al says:

            Look for somethin new from me this week, bb

          • On October 31, 2015 at 1:47 pm,
            Matthew says:

            And my point, BB, is that Rick HAS talked negatively about the PMs space when nobody wanted to hear it.

            By nature, most people do not like or understand a contrarian.

          • On October 31, 2015 at 3:09 pm,
            Big Al says:

            Two great comments Matthew and Dragonite

          • On October 31, 2015 at 1:53 pm,
            Dragonite says:

            BB, please go back to check Rick’s interviews about junior miners before 2012. He said 90% have intrinsic value of ZERO. He also said if you put all of these guys together to one company, it loses 9 billion dollars a year. How do you value this company and how many price to loss ratio you give to it? This is his words not mine. As for interviwees will be bearish or not on PM, it is their opinion. There are a lot bearish guys here, e.g. Avi. Even AL can not control them. I think Rick has mostly institution investors including Chinese wealth funds so he may not care what retail investors think of him. As for me I have around 20k cnd tied up in sprott precious metals fund and silver ETF.

          • On October 31, 2015 at 2:16 pm,
            Matthew says:

            Actually, Frank and Al, timber has more in common with gold than with real estate as an investment.

            “Timber has low correlation to other asset classes.
            Commercial timberland prices are impacted by a different set of market and economic factors than other asset classes. Because prices are not affected by the same factors, timber returns are not correlated to returns of other asset classes, such as stocks, bonds and real estate. The addition of a low correlation timberland asset will increase the diversification of an investment portfolio. The NCREIF Timberland Index returns from 1990 through 2007 showed moderate to weak correlation against equity and fixed-income indexes and a negative correlation to real estate.”

            http://www.investopedia.com/articles/stocks/08/timber-investment.asp

          • On October 31, 2015 at 3:07 pm,
            Big Al says:

            You are certainly a wealth of information, Matthew.

          • On October 31, 2015 at 2:36 pm,
            Frank from moscow CCF says:

            Actually, Matthew, I am going to think on that one…….Lumber, and low correlation to real estate investment. My thoughts concerning residential real estate,market future on lumber. Now, timberland and correlation to gold, I will ponder the thought, but, I think I know were you are going.

      • On October 31, 2015 at 12:18 pm,
        Ebolan says:

        Just yanking your chain based on what you were saying yesterday. 🙂

        Sorry, couldn’t resist. The Devil made me do it. 🙂

  11. On October 31, 2015 at 10:09 am,
    Ebolan says:

    Byron is right on about the corrupt politicians and the “Strategic Oil Reserve.”

    I love Byron, God Bless him, and I’m a subscriber to his newsletter, but to be honest the last several years it’s been a disaster. No surprise, there, given this grievous bear market in commodities and pms.

    • On October 31, 2015 at 10:13 am,
      Ebolan says:

      I agree with Byron about the coming supply crunch but I wonder if we will get a deflationary collapse before that happens.

    • On October 31, 2015 at 12:30 pm,
      Dragonite says:

      Ebolan, Zero Hedge last week claimed some SPR has been sold. I don’t know whether there are independent evidences. I will love to see it. On a contrary, China is buying oil hand over fist. The import jumped 8.9% this year compared to last year. They are building storage tanks as quickly as they can, and they got filled up quickly. They seems are preparing for war. Not sure why someone sell oil while it is so low. SPR is supposed to be used only in emergency.

  12. On October 31, 2015 at 10:31 am,
    Matthew says:

    The Canadian dollar is about to head much higher.
    http://schrts.co/WRj9zv

    • On October 31, 2015 at 11:09 am,
      Big Al says:

      Hope so as Canadian retail is now zero in our neck of the woods!

    • On October 31, 2015 at 12:31 pm,
      Dragonite says:

      Canadian dollar is only good when the product we sell worth a lot. It is not currently.

      • On October 31, 2015 at 1:37 pm,
        Matthew says:

        True, but the CAD tends to rise and fall with natural resources. Here it is with GDX:
        http://schrts.co/EdoZs7
        The two should roughly bottom together.

        • On October 31, 2015 at 2:15 pm,
          Dragonite says:

          Very true. As a Canadians I hope cnd $ stays low for a while so our companies don’t all go bankrupt.

          • On October 31, 2015 at 4:04 pm,
            RICHARD (DOC) says:

            I don’t believe the $cad is going to move significantly higher in the medium term; it may in the short term—the long term trend is still unless proven differently through major resistance.

  13. On October 31, 2015 at 10:36 am,
    Paul L. says:

    Buying individual mining stocks is just gambling. Better to own an ETF so you don’t have to follow the progress of your investment and worry about unforeseen events. The market all moves together up or down. A good materials besides GDX is the etf UYM which has only about 10% miners I believe. It is a great buy near $30. It is now $39. It moves between about 27 to about 56 over the years.

    • On October 31, 2015 at 11:07 am,
      Matthew says:

      I’ll take the individual plays any day.

      • On October 31, 2015 at 11:10 am,
        Big Al says:

        Agree but only carefully researched individual plays.

        • On October 31, 2015 at 11:25 am,
          bb says:

          To itch his own, I know more companies worthy of investment than I have cash to invest.
          ETFs should be fine, and the longer the bear goes the better they get, the losers go broke and wont be included in ETFs.

        • On October 31, 2015 at 12:36 pm,
          Frank from moscow CCF says:

          ditto OWL………..DD investing……..

      • On October 31, 2015 at 11:42 am,
        LPG says:

        +1 on individual plays.
        LPG

  14. On October 31, 2015 at 10:49 am,
    Dan says:

    Rick Rule is STILL optimistic on gold after all this time, tells me we have a lot further to fall.

    • On October 31, 2015 at 10:53 am,
      Paul L. says:

      It could take 5 years to get to the 1500’s area but first we may see 800 next year.

    • On October 31, 2015 at 10:57 am,
      Dragonite says:

      Rick Rule made his fortune by being contrarian. He gets more optimistic as price falls. I remember he invested in Paladin when it fell to 1 cent. Only time he was pessimistic was when gold was high. He was bad mouthing junior mining stocks in any possible occasion. If you want him to be pessimistic, the gold price has to rise a lot not fall.

      • On October 31, 2015 at 11:17 am,
        Dragonite says:

        Rick Rule made his fortune by being contrarian. He gets more optimistic as price falls. I remember he invested in Paladin when it fell to 1 cent. Only time he was pessimistic was when gold was high. He was bad mouthing junior mining stocks in any possible occasion. You can check his talks prior to 2012. If you want him to be pessimistic, the gold price has to rise a lot not fall.

        • On October 31, 2015 at 11:21 am,
          Dan says:

          Dragonite….. EXACTLY

          • On October 31, 2015 at 11:29 am,
            Matthew says:

            Dan, what Dragonite is saying negates your comment above at 10:49. Yes, Rick is STILL optimistic because gold is still low. He will become more optimistic if it gets cheaper.

          • On October 31, 2015 at 11:30 am,
            bb says:

            Guess I missed that, all I remember is Buy Buy Buy.

          • On October 31, 2015 at 4:28 pm,
            Dan says:

            Matthew…I did not make that comment at 10.49???

          • On October 31, 2015 at 6:08 pm,
            Matthew says:

            Oh, different Dan?

        • On October 31, 2015 at 11:39 am,
          Frank from moscow CCF says:

          bottom fisher…………I bet he likes carp……………..

          • On October 31, 2015 at 11:40 am,
            Frank from moscow CCF says:

            🙂

        • On November 1, 2015 at 5:43 am,
          Dan says:

          He will be right eventually, but a washout to $500 gold and a further nasty 70%+ drawdown in juniors for speculators like him, or people who wanna be like him, is very possible.

          • On November 1, 2015 at 5:47 am,
            Dan says:

            I have tried to call a bottom in mining stocks since 2013 as well, but stop losses have kept my losses very minimal, anyone holding out and hoping “long term” had better be rich, or else you are just insane. I have 5% in physical silver regardless though.

          • On November 1, 2015 at 8:37 am,
            Big Al says:

            You must remember that I personally do not care what the price of gold or silver is. I will continue to accumulate and not sell what we have.

    • On October 31, 2015 at 11:06 am,
      Matthew says:

      You’d be far better off to figure out what most investors think and betting against them than to bet against Rick Rule based on your perception of his recent beliefs.

      • On October 31, 2015 at 11:12 am,
        Big Al says:

        Rick has done very well l but the market is always the strongest, Matthew.

        • On October 31, 2015 at 11:14 am,
          Matthew says:

          Al, you have to be a contrarian to make the biggest money and that means betting against almost everyone —or “the market.”

        • On October 31, 2015 at 11:20 am,
          Dragonite says:

          I feel if there is one gold bull left, it will be Rick. I never remember he changed his opinion unless market move too far along his direction.

      • On October 31, 2015 at 11:47 am,
        LPG says:

        +1 re: Matthew’s comment on R. Rule.

        He’s been around for 40, went into personal bankruptcy and made it back to billionaire. In my book, this commands respect.

        S. Druckenmiller recently put 20% of his portfolio in gold. I’ll bet along him any day. A-n-y d-a-y. But I’m a simple guy.

        Now, one can w. difficulty make a 10 bagger in 1 or 2 yrs. To this, most people say “concur” yet most investors, let alone speculators can’t relate to when it comes to having the mental discipline to stick to that fact and allocate capital appropriately on a time scale/frame.

        My 2cts.

        LPG

        • On October 31, 2015 at 12:25 pm,
          Frank from moscow CCF says:

          good to know the guy went bankrupt……..

          • On October 31, 2015 at 12:30 pm,
            Matthew says:

            I think that was over 30 years ago.

          • On October 31, 2015 at 12:41 pm,
            Frank from moscow CCF says:

            No problem …….good to know there are some imperfections , and goes to show the guy has limits.

          • On October 31, 2015 at 1:34 pm,
            Big Al says:

            Important to realize every person has limits!

          • On October 31, 2015 at 1:41 pm,
            Matthew says:

            It’s even more important to realize that you can overcome your previous limits as Rick did.

            “Failure is simply the opportunity to begin again, this time more intelligently.” – Henry Ford

          • On October 31, 2015 at 3:11 pm,
            Big Al says:

            Boy do I know that Matthew

          • On October 31, 2015 at 2:38 pm,
            Frank from moscow CCF says:

            expanding your knowledge base…………over coming is a daily habit….Uncle Wally 1988

          • On November 1, 2015 at 4:03 pm,
            LPG says:

            Matthew is correct: it was apparently at the beginning of the 80’s.

            And I personally have the same “reading”/view as Matthew on this: Rick made it back, and big. To me, that says a lot about his capabilities.

            Best to all,

            LPG

          • On November 1, 2015 at 5:42 pm,
            Matthew says:

            In my estimation, there is one Rick Rule per 4.5 million people at best. If we were to go through the details of the stories behind other similar successes, he just might be closer to one in 10 million.
            To top it off, his political views are as sound (moral) as they come — uncommon at his level, at least publicly.

    • On October 31, 2015 at 11:18 am,
      Dragonite says:

      Rick Rule made his fortune by being contrarian. He gets more optimistic as price falls. I remember he invested in Paladin when it fell to 1 cent. Only time he was pessimistic was when gold was high. He was bad mouthing junior mining stocks in any possible occasion. You can check his talks prior to 2012. If you want him to be pessimistic, the gold price has to rise a lot not fall.

      • On October 31, 2015 at 2:39 pm,
        silverbug dave says:

        Interesting point. in that case, did he or his clients make money in that investment. And what about casual listeners t his media interviews. Did they make money out of it? That’s what we need to think about. I would guess that to benefit from Mr Rule one would need at least to be one of Mr Rule’s clients, which is fair enough.

        I find Rick Rule very interesting as an expert and also as someone with ideas about free markets and economics.I have never hear him make outrageous claims about for instance where the gold price is going to go so he is most certainly to be taken seriously as regards his opinions.

      • On October 31, 2015 at 8:48 pm,
        Jason says:

        I lost 10% on PALAU last year. Looks like it has bottomed and is running now. I might play if it pulls back.

        • On October 31, 2015 at 8:49 pm,
          Jason says:

          PALAF I mean. Bull flag showed up at 15 cents.

    • On October 31, 2015 at 11:27 am,
      bb says:

      I would not want Sprott,Embey or Rule handling my cash.
      I wonder if they are not the “big boys” selling their stuff to little guys that keeps getting talked about on blogs.

      • On October 31, 2015 at 12:29 pm,
        Frank from moscow CCF says:

        Always good to do you own dd…bb……………

        • On October 31, 2015 at 12:29 pm,
          Frank from moscow CCF says:

          Glad to see some of these comments finally coming out on these gentlemen.

      • On October 31, 2015 at 7:07 pm,
        Dick Tracy says:

        bb, interesting thought, I have watched Rick Rule and you really must wait until you see his name on insider reports, when you see “Rick Rule Family Trust” on the buy side it’s time to bet the farm. It happens but only when he takes huge positions on very risky plays.

        • On October 31, 2015 at 9:12 pm,
          Skeeta says:

          Agreed DT,
          Its also interesting at present to read of “change in substantial shareholder” reports that must be released.
          You can then get a good gauge of which currently profitable miners are taking up large stakes of juniors that they obviously believe have worthwhile properties.

  15. On October 31, 2015 at 11:41 am,
    Frank from moscow CCF says:

    Well, did some one get dinged …….the messages are jumping again…….

    • On October 31, 2015 at 1:42 pm,
      Big Al says:

      No Moscow, no on got dinged.

      • On October 31, 2015 at 2:40 pm,
        Frank from moscow CCF says:

        Dang , I thought I missed something.

      • On October 31, 2015 at 2:43 pm,
        silverbug dave says:

        I hope I don’t get dinged by saying that your right hand man Cory did a superb job of interviewing at this conference and got a lot out of some of the speakers.

        • On October 31, 2015 at 2:59 pm,
          silverbug dave says:

          If you had “thumbs ups” YouTube style on your forum, I would have thumbs upped most of today’s weekend show segments and I am just going through the special specific segments thumbsing them up too!

          • On October 31, 2015 at 3:01 pm,
            silverbug dave says:

            (y)

          • On October 31, 2015 at 3:02 pm,
            Big Al says:

            Thanks Dave, Cory did a great job!

          • On November 1, 2015 at 8:26 am,
            silverbug dave says:

            I should also give some credit to Mr T (Chris Temple) for some great questions.

          • On November 1, 2015 at 8:31 am,
            Big Al says:

            Thanks Dave

        • On October 31, 2015 at 3:03 pm,
          Big Al says:

          Of course be did. That is what he is all about!

        • On October 31, 2015 at 3:15 pm,
          irishtony says:

          I hope I get dinged…so I can post on dumbbook , ooops sorry facebook then I will be famous for having got dinged on The Worlds Greatest investment site….The KER..oh hell just remembered I don’t have a dumbbook account….SIGH.

          • On November 1, 2015 at 8:47 am,
            silverbug dave says:

            I have a FB account… Oops Irish, I forgot! I have to go and post the picture of what I had for lunch so all my 10,000 Facebook friends can see it and like it and then I can feel that everybody loves me.

          • On November 1, 2015 at 12:11 pm,
            Big Al says:

            I don’t use Facebook, Dave, should I?

          • On November 1, 2015 at 12:24 pm,
            Matthew says:

            Good for you Al, I say no, you shouldn’t.

          • On November 1, 2015 at 12:50 pm,
            Frank from moscow CCF says:

            ditto

    • On October 31, 2015 at 5:45 pm,
      Markedtofuture says:

      Even Dennis Gartman openly suspects that the gold market is rigged

      Submitted by cpowell on Fri, 2015-10-30

      From The Gartman Letter
      Suffolk, Virginia
      Friday, October 30, 2015
      thegartmanletter

      As for the precious metals, the selling late Wednesday and all day yesterday was indeed severe, and even our positions in gold/euro and gold/yen have seen severe damage wrought upon them.

      We find it hard to believe that the mere suggestion by the Federal Open Market Committee in its post-meeting communique on Friday that “liftoff” on the overnight Fed funds rate may take place at its December meeting can be responsible for this sort of egregious, serious, and now relentless selling, and we are almost of the mindset associated with the likes of the gold bugs and GATA that some malevolent “force” was behind the selling.

      However, we are not going to travel down that road at the moment and sit tight with our positions, believing that the continued “experiments” with QE undertaken by the Bank of Japan and the European Central Bank shall work to the detriment of their currencies and to the support of gold. Nonetheless, the last 36 hours have been terribly dismaying. …

      http://gata.org/node/15903

      • On October 31, 2015 at 8:57 pm,
        Dick Tracy says:

        I don’t really want to say what I think about Dennis Gartman, it’s the old story if you can’t say something nice don’t say anything. DT

        • On November 1, 2015 at 8:33 am,
          silverbug dave says:

          Waste of time article (ZH). Just the usual bear market whingeing from people who probably gave up a day job stacking shelves in the supermarket to trade the gold bubble as it burst. Yawn.

          His charts show two things. the S&P500 in is a bull market and gold is in a bear market. End of story. Of course that article fails to mention those simple facts.

        • On November 1, 2015 at 8:38 am,
          silverbug dave says:

          I mean look at their S$P500 chart/ The SPX was going up anyway. You can draw a line through the action around the meeting and ignore the little spikes up and down because the market afterwards just went in the direction in had already been going for the previous 24 hours.

          Meanwhile, the gold market reversed to the downside. Why? Dumbass gold long speculators got wrongfooted because they expected QE4 to be announced or some other such nonsense. They got flushed as usual because they are stupid. Period.

          • On November 1, 2015 at 8:39 am,
            silverbug dave says:

            I mean the goldbugs are too busy reading and believing BS like ZH instead of learning how to read the actual market. Therefore they will lose money.

          • On November 1, 2015 at 1:26 pm,
            A Listener says:

            Dave, I am confused. I thought that YOU were a gold bug. Have you switched sides?

          • On November 1, 2015 at 5:44 pm,
            Matthew says:

            I don’t think he has ever posted as “goldbug dave.” 😉

          • On November 2, 2015 at 3:06 am,
            A Listener says:

            He doesn’t have too cutie because gold and silver almost always trade together (in the same direction). 😉

  16. On October 31, 2015 at 6:20 pm,
    Skeeta says:

    Thanks for the weekend show as per usual guys.
    Really enjoying these extra interviews with individual companies from the conference also. Many thanks for those.
    Cheers & happy Halloween.

    • On November 1, 2015 at 8:40 am,
      Big Al says:

      Back at you, Skeeta!

  17. On October 31, 2015 at 7:32 pm,
    Jason says:

    Best darn show ever! Love’n all the name/ticker symbol drops. I need to listen to the show again and take notes.

  18. On November 1, 2015 at 2:55 am,
    Andrew de Berry (Rev) says:

    Well done Cory – really great show. Am catching up on everything right now having moved house last week!

    • On November 1, 2015 at 4:20 am,
      Frank from moscow CCF says:

      Hope you enjoy the new house………moving is always a stress. Glad to see you survived…best………………..jooth

    • On November 1, 2015 at 8:39 am,
      Big Al says:

      Reverend I echo Moscow’s sentiment.

  19. On November 1, 2015 at 8:20 am,
    Andrew de Berry (Rev) says:

    Thanks Frank!!

  20. On November 1, 2015 at 12:14 pm,
    Andrew de Berry (Rev) says:

    Ditto to you Al. The Conference sounds fantastic.

    • On November 1, 2015 at 12:40 pm,
      irishtony says:

      Hi Andrew…..I thought that was you I passed on the M6 motorway last week towing your new home , well not exactly new, it looked like a 2007 model to me…
      I have to say, Andrew it could really do with a coat of paint…..
      BTW. Have a word with Mrs Berry , doesn’t she know she is not supposed to make a brew..(a cup of tea ) whilst you are towing…HaHa . You & the Wife have fun in your new home..X ,

      • On November 1, 2015 at 12:55 pm,
        Frank from moscow CCF says:

        Moving targets are hard to tax…………

      • On November 1, 2015 at 2:48 pm,
        Andrew de Berry (Rev) says:

        Cheers Tony!!

  21. On November 1, 2015 at 12:41 pm,
    A Listener says:

    Trader Dan Norcini talks about the extreme long silver COT positions and suggests it is maybe a good time to get the hell out of Dodge or buy some protection because silver is now at risk.

    Silver COTS Downright Scary….. Trick or Treat? — Trader Dan
    http://traderdan.com/?p=7722

    • On November 1, 2015 at 1:11 pm,
      Frank from moscow CCF says:

      Thanks for the article………good read.

  22. On November 1, 2015 at 12:56 pm,
    A Listener says:

    Oil Traders should take heed of the following chart from FRED on the comparison between the 5 year break-even inflation rate and crude oil. And while they are doing so they need to also take note of the double bottom that has formed on the 5 year chart which I will print following this post. The rest is self explanatory in my view and the article appended adds helpful insight for anyone wondering about the future of prices. In my view, oil which is lagging, will also double bottom very soon at which point its final lows will be seen (my opinion of course).

    Does the market believe the change in oil prices is permanent? — FRED Blog
    https://fredblog.stlouisfed.org/2015/04/does-the-market-believe-the-change-in-oil-prices-is-permanent/

    • On November 1, 2015 at 1:04 pm,
      A Listener says:

      The Five year chart of the Five year breakeven inflation rate is at a double bottom and looks like it will hold. That means that oil prices will resume an upward trajectory once this current period of consolidation concludes if the relationship noted in the prior chart (post above this one holds). Sorry to be repeating myself here as I have put these charts up once before but I happen to think they are pretty important. There is a close correlation between WTI and the 5 year breakeven inflation rate charts. So close we would be fools to ignore it.

      A five year chart of the Five Year Breakeven Inflation Rate from FRED
      https://research.stlouisfed.org/fred2/series/T5YIE

    • On November 1, 2015 at 1:13 pm,
      Frank from moscow CCF says:

      FED BLOG……..SAYS IT ALL……………LOL

      • On November 1, 2015 at 1:13 pm,
        Frank from moscow CCF says:

        BUT thanks for posting……appreciate………really……………the CLAW

      • On November 1, 2015 at 1:19 pm,
        A Listener says:

        What is your point?

        • On November 1, 2015 at 1:31 pm,
          Frank from moscow CCF says:

          point is I an not wasting my time reading FED CRAP……..

          • On November 1, 2015 at 1:32 pm,
            Frank from moscow CCF says:

            an to am…..

          • On November 1, 2015 at 1:34 pm,
            Frank from moscow CCF says:

            But, it might be entertaining to some others, and I would respect that……but, you did ask…………best.

          • On November 2, 2015 at 2:26 am,
            A Listener says:

            Don’t assume that just because comments were written by staff at the Fed that there is nothing too it or that its propaganda. Try to focus on the charts they posted instead and then see if the analysis is consistent with the technical’s.

            In this case it is. Like Al often says….listen to everyone, Frank. Then make a decision.

            Just curious but have you EVER read a Federal Reserve release?

          • On November 2, 2015 at 3:22 am,
            Frank from moscow CCF says:

            Answer to last question………yes. As an adult, I stopped reading funny books.

          • On November 2, 2015 at 3:33 am,
            A Listener says:

            Try to learn something new today Frank.

          • On November 2, 2015 at 5:57 am,
            Frank from moscow CCF says:

            I learn something new everyday……this week I am learning a new opera

          • On November 2, 2015 at 6:01 am,
            Frank from moscow CCF says:

            Just a note for your added wisdom, …I know some do not like KWN, or Andrew Maguire, but, you might want to listen up, and see if the central bank, cabal, and the vaulting banks have some message which may be developing concerning the pm, which might have something to do with pricing.

          • On November 2, 2015 at 12:53 pm,
            Frank from moscow CCF says:

            A.L………..education 101…….listen to DOUG CASEY..at usawatchdog….tune in at about 10:15 mark.

          • On November 2, 2015 at 2:42 pm,
            Big Al says:

            Thanks for the link Moscow.

  23. On November 1, 2015 at 1:12 pm,
    A Listener says:

    I realize there is exactly zero people writing or doing interviews on this site who believe that the Fed will hike rates in 2015 however I beg to differ. And not only do I think they WILL raise rates for the first time in many years I also think you had best brace for a 50 basis point move as the quarter point (estimated by the market) is not going to be enough to get the ball rolling or be taken seriously. If there is going to be a genuine surprise in December its probably not that there will indeed be higher rates coming and that the Fed is serious but that the increase will be double what even the timid expect.

    • On November 1, 2015 at 1:25 pm,
      A Listener says:

      Just one follow up comment……. If I am correct that we are going to get a full 1/2 percent increase in the FFR then it will absolutely murder gold dead. Just keep that in mind folks and recall what happened following the last Fed meeting when the market suddenly understood that a rate hike was not just a possibility, but was imminent.

      • On November 1, 2015 at 2:31 pm,
        irishtony says:

        Bird…I would love the crocked Fed to raise the rate in FFR..but not by 1/2 ,but by 2%, . Which would kill the US dollar dead , & at the same time wipe out every dodgy central bank on the planet, yes it would cause absolute mayhem for everyone, but the human race has a knack of bouncing back.

        • On November 1, 2015 at 2:53 pm,
          irishtony says:

          BTW. The Fed know they created this problem , they also know they are the only ones that can cure this problem, but they wont, Why ? . because they know that by doing so they would destroy themselves.

        • On November 1, 2015 at 3:52 pm,
          Big Al says:

          Yes it always does bounce back, Mr Irish! And I add it as always will as it has a great leader.

      • On November 1, 2015 at 3:03 pm,
        bb says:

        Yup, an increase would hit gold alright.
        Cant see the Russians and Chinese appreciating that after all that gold they been buying.
        Geez, ya would might think there was some kinda currency war goin on.

        • On November 1, 2015 at 3:48 pm,
          Big Al says:

          Or something l8ike that bb

    • On November 1, 2015 at 1:58 pm,
      Dragonite says:

      A.L. a unique view. But none of us makes decision for FED. They do as they feel needed. You claimed that they would raise rate in September and it did not happen. Now you double down. 🙂

      • On November 1, 2015 at 2:32 pm,
        irishtony says:

        +1

      • On November 2, 2015 at 2:22 am,
        A Listener says:

        I never claimed they would raise in September. When you asked in October I also said I did not believe a hike was coming for that meeting. So no double down….whatever that means…..

    • On November 1, 2015 at 2:07 pm,
      Dragonite says:

      Also considering that there are over 300 trillion worth of interest rate derivative, does a rate hike of half percent or more triggers cascade effect? I remember FED said the rate rising will be gradual.

      • On November 1, 2015 at 2:33 pm,
        irishtony says:

        +2

      • On November 1, 2015 at 3:08 pm,
        Frank from moscow CCF says:

        derivative are an issue………..for sure…

      • On November 2, 2015 at 3:00 am,
        A Listener says:

        You probably assume that interest rates will stay low or fall further. You are also assuming everyone is on the same side of the market and nobody took insurance in the event interest rates fell further.

        That is very presumptive of you because there has to be someone on the other side of every trade just for starters. But to imagine that all the major banks would leave themselves wide open to being crushed by just a minor rate hike is preposterous.

        Right now the majority of analysts do NOT believe the Fed will hike anytime soon. They are long bonds, betting on deflation, and short rates in the belief we will go to the zero bound if not worse.

        Surely that must be telling you something.

        Do you seriously believe there are 300 trillion in derivative bets that will all pay off when the Fed announces a 50 basis point increase? Do you really think the system is about to be crashed by that event?

        That doesn’t sound very logical to me.

        A perfect example of this is that I chose to get short the 30 year which by default means I am long rising rates and preparing to take inflation trades. I am using a leveraged derivative to accomplish that goal.

        Do you think I am the ONLY one? It’s just gold-bug sites where these kinds of worries percolate. You guys always talk about the national debt for example but nobody ever considers the offsetting assets.

        And so it is with derivatives lately. You guys look at the markets day in and day out and always miss the obvious. When everyone is on the same side of the boat then everyone gets wet. So even if the majority of bets were short on rates that only means the majority of bets will be wrong so that will not crash the markets.

        And that should tell you that other people are going to cash in handsomely while the rest will be left gnashing their teeth in disgust.

        • On November 2, 2015 at 3:24 am,
          Frank from moscow CCF says:

          I am thinking most gold bugs are on the opposite side of almost every issue,…..CCF

          • On November 2, 2015 at 3:33 am,
            Frank from moscow CCF says:

            National debt……….is offsetting assets considered,…..are offset for future generations to deal with………so, those benefiting by the establishment of present debt will not feel the effects for many years.

          • On November 2, 2015 at 3:35 am,
            Frank from moscow CCF says:

            try paying the $200 trillion debt, with present income.

        • On November 2, 2015 at 6:03 am,
          Dragonite says:

          Although I was kidding by saying you double down, But a serious question is whether FED is coming in to trade or they have to follow the majority to avoid surprises. Since FED does not like to stir the pot, it always makes sure majority expect the move. Even though I am not 100% sure they will not raise but I am more sure about they are not going to raise 50 base points. It will be a true surprise to the market. From a statistical point of view, market will surprise majority but a single party does not follow statistics rule. This is key of statistics.

        • On November 2, 2015 at 6:04 am,
          Dragonite says:

          All the best to you leveraged bet.

          • On November 2, 2015 at 6:40 am,
            A Listener says:

            So far so good Lawrence. Check the 30 year chart to see why.

            You should immediately see what I mean. You know they say the bond market is usually right on the future where policy is concerned and I believe that to be true. So you may wonder why we are seeing a second double top form in the latter part of 2015 that is LOWER than the double top recorded in the early part of the year.

            To me it means the bond market is far less doubtful about rate increases than the gold community and stock markets are. You have to be very careful here. That first rate rise could be painful if you are not ready and yes, I do think it will come in at 50 basis points.

            Right now the Fed seems to be suffering from a credibility problem in the eyes of many market commenters. They may feel compelled to send a message to clear up lingering doubts about their resolve. Should they opt for a quarter point hike then doubts will persist and we will end up listening to months of the doubters mindlessly repeating that it is merely a symbolic action.

          • On November 2, 2015 at 6:47 am,
            A Listener says:

            Chart of 30 year bond futures. We are right at the neckline of that 2nd double top now and it is decision time for the doubters. Do you stay long bonds or do you get with the new dance routine…….you decide.

            FINVIZ.com 30 year bond futures
            http://finviz.com/futures_charts.ashx?t=ZB&p=w1

    • On November 1, 2015 at 3:59 pm,
      Big Al says:

      I do agree with your comment about being taken seriously!

    • On November 1, 2015 at 9:39 pm,
      Frank from moscow CCF says:

      A Listener………zerohedge has an article containing info on DEC RATE HIKE.

  24. On November 2, 2015 at 7:21 am,
    A Listener says:

    Ready for a stock market correction? Well I think we have one coming in the next day or two. I am not looking for anything major here but we should see some red on the S&P that should last a couple days.

  25. On November 2, 2015 at 11:30 am,
    Gloria Sanders says:

    Thanks for weekend program. Enjoyed the different presentations.

    • On November 2, 2015 at 2:37 pm,
      Big Al says:

      You are very welcome, Gloria.

  26. On November 2, 2015 at 4:07 pm,
    Frank from moscow CCF says:

    SGT REPORTS……….HAS a follow up on ANDREW MAGUIRE and possible creditability , concerning KWN report and the cabal, vaulting banks, and central banks(fed). I think this will speak highly of his reputation……..jmho.