The world economy, gold and the US markets
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Chris Temple of the National Investor discusses the current situation in Europe.
- Segment 2: RBC Precious Metals Strategist, George Gero discusses the open interest in gold and what direction he sees prices heading.
- Segment 3: Reporting from India, Analyst Jayant Bhandari gives us some insight into the economy over there.
- Segment 4: Big Al, Cory, Jay Taylor, editor of J Taylor’s Gold & Technology Stocks newsletter, and Richard Postma, AKA Doc, discuss action in the markets this past week.
- Segment 5: A new guest, Gwen Preston, editor of The Resource Maven, joins us to recap some of the stocks she is investing in.
- Segment 6: Jay Taylor, editor of J Taylor’s Gold & Technology Stocks newsletter, joins Al and Cory.
- Segment 7: Axel Merk of Merk Investments discusses Brazil and his feelings about US financial markets. Click here to sign up for Axel Merk’s Gold Webinar on Nov 17, 2015 at 4:15PM ET.
- Segment 8: President and CEO of Theralase, Roger Dumoulin-White updates us on the progress of Theralase therapeutic and cancer divisions.
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… I mean, flip it around. How good is the west? We hire people, then fire them, only for CEO’s to get bigger and bigger salaries? And something like 1/2 the people are overweight or obese. People cheat and lie and steal, as long as they don’t get caught. Morally corrupt. Money causes this.
Western ideals of money and power is ruining India. I hope they find their own way to improve their economic situation, w/out losing the good that they have.
+l. Spent two years in India in the 60’s as a Peace Corps Volunteer so your hopes for India are also mine.
You have my utmost respect Silverdollar.
Bill,
Many thanks for your comments.
I would be interested in your views on Japan.
Best to you.
Hi Al. I’ve been here 20 yrs now, and I still have no clue. If you have a specific q on something, there’s a small chance I might know a bit – just let me know.
Thanks Bill
Bill: Thanks for your comments.
In my view Indians are extremely stressed. Lack of food and safety does not lead to being more alive, contrary to what you say. Lack of rationality means that differences are often sorted out using violence. I explore this particular subject in details here: http://libertyunbound.com/node/1276
The above of course does not mean I am correct, but wanted to give you a different viewpoint.
******** TERROR AND HELL UNLEASED ON FRANCE AS OVER 150 PEOPLE SHOT DEAD BY MEN OF ISLAM IN PARIS **********
This is what happens when you think you can live peacefully side by side with these people…………………….REMEMBER, SHARIA LAW IS FOR REAL !!!!!!!
Mark, check out Psalms. Deuteronomy etc
God bless you, bb
What is the point bb……………?
Sharia law is no more crazy than “laws” before it, Christian or Jewish.
They are all from god of Abraham.
People believe this stuff Frank, when its taught to a person before 5 years old its very difficult to change their thinking. No matter what evidence to the contrary.
Just the way it is.
They get support because our banks like war for profit, so do our governments, our companies care very little for anything else but profit.
All Im saying is that’s a major reason they get support, on top of the religion stuff.
And, as a bonus to Moslems promoting sharia law, their leader Bagdadi is rumoured to talk to god. In a hundred years after he dies Im sure that rumour will be considered fact.
Successful religions, at least the god of abrahm ones, have guys that talk to god.
Just sayin.
I am a small time Buddhist. If you put a gun on my head I may accept Christianity but no Islam. There is difference between someone who want your land, you wealth as against those who want your head.
Christians have only one law….as I already stated.
Jews have many laws.
as you said……..”laws” before it….which only applies to the jew in your statement.
After the cross…the laws were no more.
bb,
Not all the laws in the Bible are from God. Many com from men like Moses. One example is the divorce laws found in Deuteronomy 24:1-4 as instructed by Moses. Jesus corrects these man-made laws in Matthew 19:1-9 by given God’s law concerning the right to divorce and remarry.
And the same goes for all the other religions that also have many man-made laws such as Sharia law.
Thanks for the clarification JMiller.
Sharia law is no more crazy than “laws” before it, Christian or Jewish.
They are all from god of Abraham. Maybe I should have said “from god of Abraham worshippers”?
Tuff to “keep up” for me, for example, at one time those ten commandments were from “god” I thought they were laws.
At one time the world was flat and because Nostradamus cured cities of the plague he was in cahoots with the “devil”, or these books were literal words from god.
My apologies for saying it wrong, but I did think my point was rather obvious.
Personally Im no expert on religions, I have no use for them.
Discussion on how, why, when, where creation works, is another matter.
I figure efforts toward understanding that is a worthy pursuit.
I just found out I disagree with Hawkins. on creation/evolution.
He figures evolution answers everything.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.”
Bertrand Russell
Posted on 321 I thought it was good.
bb,
Religion can be construed various ways.
In my simple case, I simply believe that God is good and that He is there to help me as I am certain He has many times in the past. My life is generally good and I admit that I am relying on Him. Am I crazy? I would like to think not but if another person disagrees with me that is simply his/her choice.
I try the best I can to be the best that I can.
That’s all any of us can do Al.
However a person wants to view religion, as you say is up to them. Liberty and all.
These religions, sharia law, or in my opinion any laws from religions, the god of Abraham religions in particular (altho Im unfamiliar with many, sihk,shinto, lots actually)
Are basically…..well, nuts.
Now, MOST people worshipping are sane, as we know, some, totally wacko, but those people would be wacko with or without the religion.
But I do believe it would be hard to argue that the religions don’t give a lot of ammunition to the wackos.
And as we know, people are sheep, uninformed believe what they are told, sheep.
In this isis case, the west has givin muslems more than ample reason to “rise up” for centuries, in this instance, we have even armed and trained them. The sharia law, religion is merely the banner to rally around.
We are actually lucky MOST Moslems don’t want sharia law.
They probably understand it as …. wacko. lol
Like I predicted for yesterday that the Dow would be down and it was……..wait until next week, you ain’t seen nothing yet! Also, look at the BALIC DRY INDEX, NOW DOWN 560 PTS! NOW WITH EUROPE ON FIRE, IT’S NOT LOOKING GOOD! BLACK SWANS LANDING EVERYWHERE!
Yes there are!
Two charts of some concern are the gold ETFs’ daily charts. These charts DID see new lows. What that might mean is these ETFs may be coughing up their gold in unceremonious tonnages. That also means that ETFs do not price according to spot, but futures, which are partially in backwardation.
But another wrinkle to the story is that Shanghai Gold Exchange withdrawals this year are equivalent to yearly world mine supply. There is no available source of gold in those kinds of tonnages unless the ETFs are being drained. More than double the amount that the PBOC took delivery of when ETFs revulsed hundreds of tonnes in 2013, all of which went to China.
That would suggest that gold prices may be under pressure almost solely due to ETF redemptions, and the diversification out of treasuries into gold.(interest rates form part of the picture)
Have to agree with George Gero’s comments, since oil prices vs. gold are where they were at market lows:
Agreed. I always enjoy hearing George Gero as it relates to commodities. He’s got a very balanced approach to many resource sectors and a sky-view macro perspective.
Hello there. Thanks for this excellent discussion.
The refugee crisis is indeed a burden that will probably be too much for the European Union. Some time ago the Prime Minister of Bavaria, Horst Seehofer, pubicly stated that the refugee crisis is too much for his federal state. They can’t offer more financial help to the communities that are directly affected by the refugee influx. The police and the authorities are overextended. This causes security problems. Bavaria is the economically strongest and maybe richest federal state in Germany. Refugees that come to Germany receive financial help to install themselves. Due to historical guilt Germany doesn’t have much of a choice other than accept refugees. We pay really a lot for asylum seekers. So the economically strongest part of arguably the economicall strongest nation in Europe buckles. And now look at the rest of Europe, at Italy, Greece and Eastern European nations, look at the civil war in Ukraine where people need financial support. It won’t take much more time to burst the national budgets of those nations that are not so economically strong. The refugee crisis comes at the worst moment. Also a lot of refugees try to get to the UK. Don’t know if it is public knowledge in the USA, but the UK is highly indebted and, personally, I don’t see how they can escape from this debt ever, even without the refugee crisis. I think this current crisis will bring Southern Europe to its knees, which will have serious repercussions. Well, I rambled on a lot here. Maybe I confused things. 🙂
Thanks.
Best Regards!!! Keep it up!!!
How about getting ROGER WEIGAN back to reflect……….
sorry Nic……..do not know how the above remark got posted under your post.
Don’t worry!!! But who is Rogy?
Regards!!!
Use to be a guest speaker….several years ago…….
He went missing. Whatever happened to him? Do we need to put his picture on the back of a milk carton?
please don’t… terrible track record..
come on A…….it would be good for historical content…………..j………
Not a chance!
Then how about Bo Polny Agatha?!!!
how about…. doesn’t make any sense…
You mean Polny’s record does?
Yeah how about Polny!
Thank you Agatha. He certainly had us fooled!
Great comment Nic
Not a chance!
It’s interesting that the issues and problems created by this massive migration to Europe, many of whom are from the middle east is the result of the West’s destabilization of the middle east. Then you have the carnage in Paris by a group that was also supported by the west to accomplish it’s strategic interests in the middle east. As usual, the governments covertly create radical groups for their own ends and then the citizenry ultimately bears the brunt of those policies.
Yes, it is horrible what happened in France.
And most horrific is that it is only a matter of time before it happens again. Even in the “peaceful” city where I live today people almost became victims of a terror attack. And some of the guys who planned the Stuttgart terror attacks lived just around the corner of my old place. Luckily intelligence agencies back then managed to detect harmful activities before their plans came to fruition. ISIS nowadays recruits young people from all over Europe, and that are not only Arabs. Also Europeans, people from the UK, France, Germany etc. join their fight. And Chris Temple was right when he said that Europe neither wants the conflict in Ukraine nor a conflict with Russia. A lot of German companies operate in Russia. And Putin doesn’t want the conflict either. We are so interconnected. Now Ukraine and other places in Eastern Europe may turn into breeding grounds for terrorists. It even happens here in Germany, and we always thought it wouldn’t. Iam painting a really grim picture but that is how it is.
Well, let us all have a moment of silence for the victims!
Nic, your comments are really interesting and well received since I’ve felt what you expressed about Europe and Russia are right on. The problem with Europe is its’ politicians allegiance to the U.S. government. Whenever Europe goes along carte blanche with the U.S., Europe is the one who gets the backlash. As a Polish gentleman said the other day: we lost our freedom in the past to Russia and now we’re losing our freedom to the EU. Very provocative comment.
Just to give examples: ( It is getting a bit far off now maybe.)
1.) Don’t know exactly who it was anymore. I think Putin or Lavrov publicly stated that they clearly don’t want a destabilized Ukraine because it would be easy for militias/ terrorists/ whatever You want to call them to get in, install themselves and afterwards cross the border to Russia or even the European Union.
Besides, within the Union there are no border controls. If the police doesn’t stop You on the way for some reason You wouldn’t even need an identity card on the way.
2.) A friend of mine, a pro-Russian Ukranian told me that he believes that if Russia hadn’t intervened in Crimea, people would have fallen victim to the same kind of violence that we witnessed in Kiev. Well, and You were clearly able to watch it on TV, not our German TV by the way. Because they can’t show the wrong pictures. I spend 20 hours on this topic when Crimea was taken by Russia, so I know what I am writing about.
3.) One of our biggest CEOs, Joe Kaeser from Siemens stated that his company ( and I think this counts for many German companies.) is interested in long term business relations and clearly doesn’t want to get involved in short term political fluctuations. Representants of the German industry urged Chancellor Merkel to not support sanctions against Russia.
4.) Even our old chancellor Gerhard Schroeder is a friend of Putin and these days has to defend himself because of this.
5.) Especially in the east of Germany, where I grew up, a lot of older people speak some Russian and a lot of German politicians speak Russian pretty well. The same holds true for a lot of Russian politicians, even Putin himself.
When You turned on the TV or followed the big news agencies You really got a lot of noise but it was really only a very distorted image of reality. Germany and Europe almost always get caught between a rock and a hard place.
Well, I mean a lot of Russian politicians speak German pretty well.
God bless you Nic
Thanks Al.
May God bless You, too.
Tomorrow I will go to a Latin American Sunday service. They by nature turn a service into a party. 🙂
Doc,
I agree with your comment completely. The Syrian immigration issue is a broad agenda for the elite. Here in the US, it’s about abolishing our 2nd amendment rights.
ISIS is a false flag Phsy-opps operation to manipulate the masses. This article will show the pattern.
http://investmentwatchblog.com/please-share-42-admitted-false-flag-attacks/
And the rabbit hole gets deeper..
http://powderedwigsociety.com/first-syrian-refugees-arrive-in-new-orleans/
Thanks for the links, chartster. We would all be better off if the prevalence of false flag events was more widely understood.
I would hope that is not the case now, Chartster.
You just never know Al.
The conclusion I draw is that we need to base our decisions principal and sound thinking, not reaction to events like this.
But the leader/herd dynamic probably will never change, and the minority who study and think critically will probably always be on the margins.
oops– *on principles and sound thinking*
CHARTSTER………….HH was right on several topics……………
Paul Craig Roberts presents plausible explanation for why Paris could be a false flag>
http://www.paulcraigroberts.org/2015/11/13/another-paris-false-flag-attack-paul-craig-roberts/
http://www.paulcraigroberts.org/2015/11/14/the-matrix-extends-its-reach-paul-craig-roberts/
GH,
PCR argument as to why the terrorist attacks were probably not done by real terrorists is flawed. He basically argues, in the first article in your post in the 2nd paragraph, that if the acts were done by real terrorists then what do the refugees have to gain from caring out these acts of violence and how did these refugees get automatic weapons and bombs. And because of this, according to PCR, we can rule out that these were actual terrorist attacks.
So PCR is saying it can’t be a real terrorist attack because the refugees would not have a motive or means to carry it out therefor it was a false flag that was done by the government.
The refugees? The refugees did not carry out these attacks. These were done by trained terrorist not simple refugees. The refugees have nothing to do with the terrorists other then may be one or more of them sneaked in with the refugees as we knew some would. Now real terrorist would have a motive and means to get weapons. But PCR does not explore that possibility. He wants to rule it out by using the refugees as being the terrorists.
Good point JMiller.
I’m not arguing that it was a false flag, or agreeing with PCR. But I do think that with each of these horrendous events we must keep our critical thinking set on ‘high’.
Of course we must keep our critical thinking set on high, GH.
After getting as much information as I could on the situation in France, I simply find it very difficult to agree with Mr. Roberts. Of course as I have said many times, “in this crazy world anything is possible.”
Any time they have an instant explanation for what happened, prior to a proper investigation, that is a red flag.
A bit of truth to your comment GH!
GH,
Understood and I agree. PCR just did a bad job of analyzing the possible culprits.
Well,
I have to get back to work so that my Chinese friend and boss can feed his wife and Chinese son and we will be able to engage a Moroccan, a Cuban, a Polish and a Spanish friend of mine. Never mind the Turkish Döner we enjoy sometimes with black tea prepared the Kenian way. Every day we greet our Arab neighbor who founded a food store for his countrymen ( and women). A family of refugees lives just above our heads. Well, You see…it can also be this way.
Best regards!!! Keep it up!!!
It can and should but too often is not unfortunately.
Good comments Doc. Remember the invitation of Pres. Bush: “Bring it on”? Well, we’re getting there and it may take many more years to get to the other side of the hurricane that our actions and policies have helped create.
The breakdown of the middle east could only have one main purpose: to protect Israel at all costs. Everyone has to pay for the security of Israel by accepting refugees and terrorist attacks on the West.
Seems that way. Chickens have a way of coming home to roost. Seems the zionists are the jews worst enemy.
Very interesting point Paul L
That’s right Doc.
Maybe some day people will bother to learn what these guys do.
Strange most people don’t care, but maybe that’s just human nature.
Great commentary, Doc!
Jayant Bhandari is right about countries that don’t embrace manufacturing or simply give away their industrial plants to become service oriented, they will always remain poor. In 1890 Britain ruled the World, they had started the Industrial Revolution around 1750 and one hundred and forty years later they controlled the World’s economy. In 1900 Germany realized that the keys to a society’s wealth and power lay in establishing manufacturing prowess and began building hundreds of technical schools to feed qualified people into their manufacturing plants, the rest is history as they say, so Nic, I agree with you when you say Britain is broke the only thing they sell this side of the pond are cookies and chocolates. DT
From this massacre in Paris and 911 as well, the Western leader should fundamentally change their thinking and policies towards the Middle East. Instead of getting entangled into the conflicts and dictate the outcome, every country should get out of that region. Leave that region to God to sort it out. Stop taking refugees from that region too. Messing the region up and creating hatred and at same time accepting large number of refugees is asking for troubles. Leave them alone and let them resolve their own differences. It is none of other people’s business. The responsibility of Western countries is to protect our own borders and not let the chaos from that region to come here.
exactly right
But I fear those running the West have a different agenda.
The people of the west need to pull their heads out of wherever they are, and choose leaders who do what you say.
I completely agree Gh
You are so correct, Dragonite
So very true bb
Hope everyone is having a good W-E thus far.
Re: the COT report, this week’s is delayed to Monday 16 due to federal holidays.
Best to all,
LPG
LPG; thanks. As usual, one of the first links I go to on Friday is one that reviews the weekly COT report—it wasn’t updated this week and thanks for supplying the reasons.
SEG…3…….enjoyed the input on INDIA.
note………..there are 650million without toilets in India
axel is off basis…
concerning the family………jmho
Check out his free webinar and see what you think.
one world govt police state,,martial law…political correctness…
we are surrounded……..
I agree with Puru Saxena:
“Given the above data points, we are of the view that the stock market is in the process of completing a major top and investors should use rallies to get defensive. If our assessment is correct, the stock market rally will fade around these levels and under the most optimistic scenario; we may get marginal new highs in the major indices which will ultimately give way to the bear market.”
Matthew ultimate can be any time period.. I don’t trust saxena
Agatha, I don’t think “ultimately” can be any time period in this context. Also, based on Puru’s free material over the last decade, I think it’s safe to say that he has been good at staying on the right side of the market.
Nevertheless, my agreement with his outlook is coincidental and not because of him.
I think his track record has been better than the most. However, he did waffle a few times. I don’t know anyone who can follow trend better than him. But anyway, I am contrarian not a trend follower. I feel you have to chose one method otherwise you will be screwed by the market. I still like Rick Rule’s phrase better, in commodity, you are either contrarian or victim. To follow trend, you are more like Dennis Gartman’s saying – buy high and sell higher, find a bigger fool than you to buy your stuff in the future. Not surprising, there are a lot of bigger fools around.
And they will never be absent Dragonite
Big Al and Cory flying into the New Orleans show…being led in by the flight they missed.
Wingman……..has a whole new meaning…………..lol
Wingman…..funny.
That would make me nervous flying my jetpack that close to the commercial flight.
Are we really that important?
Are you kiddin’ me, Big Al?
You’re a bigwig!
And I think you’d look fabulous in a jet pack. 🙂
You are right according to the Studio Pooch.
I didn’t get a chance on the weekend show to discuss this but the technicals I watch are more then ever at this point supporting the fact we are entering a bear market—January will still be a defining month.
Doc, I believe you will see TCK at your $1-$2 level and maybe even less, they have debt and a number of commodities that are being hammered but their zinc mine red dog will help them remain solvent. TCK looks like a takeover target if it follows your prediction.
It’s looking that way Doc. About time in my opinion.
Looking at the last decade or two, March and October seem like favourite months for a market top. So maybe March 2016?
Gold priced in GDXJ just might have topped during the first week of November:
Nice chart. But how do you decide on placement of a fork like this?
Click on the link again. I’ve added some details.
It’s a modified Schiff pitchfork.
http://www.pitchforkplayground.com/modified-schiff-pitchfork/
Wow. Thanks!
I note that you did this on a log scale. I tried putting it at the true 50% between high and low price, and also got an interesting result:
Isn’t it strange how things fit?
1/2 way down, and 1/2 way over. I’m still not sure all the rules on using forks and tridents, but it is interesting how uncanny the charts play out and it the resistance and support bands on the fork.
GDXJ has to fall another 7% to take out its July low:
You all got your shorts on for next week? Lol More attacks to come. Christmas shopping season gonna suck. Marketgedon is coming!
I hope you are wrong, but I really do not think you are.
Only sort of off-message: ‘What really pisses me off about the Paris Terrorist attack’
Scroll down SGT to hear Stefan Molyneux…’We’re running out of light’.
Thank you for the link. I just watched the entire monologue.
Do you think that just maybe people will start to change?
Reverend, I could not find it.
I am going to post this on our site.
This man is brilliant and I guess so am I because I completely agree with him.
Molyneux is right, but what a windbag. Hard to watch.
+1
Looks like he’s applying what he learned in drama class. Still, his assessments are generally pretty good.
Just fyi, trading wise, I think there’s a tradable swing just ahead in S&P (SPY) and gold (GDX).
… and energy (XLE).
I’m not predicting, just saying that to me, odds are we go up soon, and that if so it’s tradable.
******** ISIS VOWS MORE TO COME FOR THE WEST! ********
Marine Le Pen want all radical muslims out!
http://www.zerohedge.com/news/2015-11-14/frances-far-right-party-calls-nation-re-arm-itself-revoke-muslims-passports-eradicat
You got to admit………………Muslims are out of control !!!!!!!!!!!!
I disagree, Muslims are not out of control.
The Muslims of IS, I think know exactly what they are doing.
To fight them successfully, the world is going to have to work together.
Very simply, can the Americans be trusted?
They threaten China now, they threaten Russia now.
Assange,Manning,Snowden,Patriot act,n.d.a.a…….they do medical experimentation on their own people en mass.
They created ISIS in the first place to twist the U.S. into a police state among other things.
Ya really do gotta wonder if the American intention is a major war.
I don’t believe the world is going to end itself in a nuclear holocaust, but its hard to see how we avoid it.
Did you ever think that anyone would ever say, “Can Americans be trusted”?
To me, it’s not about nationalities nor religion. It’s about the quality and character of people, all of us, you and me.
With isis Bill, its about the world trusting the American government and banks.
We’ll see what happens in Syria.
Hard for pictures to lie bb. I will say that, I suppose, anything is possible.
Of course it is Bill.
Has anyone here ever been to Dearborn Michigan?
Why don’t the “good Muslims say anything officially? Are there any out there? I am really starting to wonder! For someone with my personally that is scary.more on this later.
I have seen a couple of vids of the “good” Muslims.
Some of IMAMs? Working to stop people getting involved with isis etc.
I think they are a lot like other religions in that regard, you don’t see many individual Christian churches making public statements either.
Some of course, its just not real standard practice.
I suppose that you do have a point bb
It’s a good question Al, but also one that can be turned around. How many Christian religious leaders have spoken out against the rampage of US-led violence from Libya to Pakistan over the past 25 years? ‘Christians’ have killed millions in these wars, and damaged the lives of probably 100+ million.
And I might add, none of it for good reason.
Even if one believed the official version of 9/11, rather than believing it was perpetrated at least with the complicity of the neo-cons, it did not justify what was done in Afghanistan.
Cmon GH, we are the good guys.
When Iran says we are the great satan they’re nuts.
Last I read the U.S. has killed 30 million people since world war 2.
A bunch of contradictory statements bb
A big “touche” to you Gh
Al re you a bigot…??
Agatha,
I truly believe that I am not a bigot. I cannot say it any simpler than that.
Dearborn is packed with Muslims. My brother who has a construction business has had a relationship with some of them.
Would like to hear more about this. Are there problems in Dearborn?
You might like to know there are others that say Sharia Law has not been implemented in Dearborn.
As a comment about how it’s so important to do your own research—after you read the article, then know it was a satire.
Which article are you referring to Doc?
I am a bit confused by this article. Research has shown the article to be satirical. Very bad joke in my opinion.
Another Paris False Flag Attack? — Paul Craig Roberts (11/13/2015)
http://www.paulcraigroberts.org/2015/11/13/another-paris-false-flag-attack-paul-craig-roberts/
Sry to triple post. These articles are insight from PCR.
I read his thou GH ts about Paris potentially a false flag and do not agree.
Paris attack was Western backed. The Globalists are currently ushering in the new world order. Within just 24 months they want everyone with biometric chip. I expect that all these false flags will lead to the above and of coarse nuclear world war.
That is what Paul Craig Roberts wrote earlier and I do not agree.
I seriously doubt it even it is possible. If they did this themselves, the curfew is not the purpose but the ethnic cleansing of Muslims. This is the only possible goal if this is self inflicted. We can see the development in order judge it. I don’t really buy this argument. Some one may use this to their advantage though.
Dragon, I don’t have a clue if it was false flag or not.
But Pearl Harbour was orchestrated,so was 911,…. killing 150 people with 7 wackos is easily within the realm of false flag possibilities.
Sad to say that your comment is plausible.
Putin thinks The U.S. and NATO military is a joke. Americans are living in the past. Decades ago we we’re once great. Sure we are powerful but it’s not what people believe.
Americans now at risk of complete destruction in their own homeland.
The war on precious metals will continue until everything The Globalists are desperately attempting to acccomplish. If one is still breathing when it’s all said and done will be a good time to invest. This is the worst time to invest. Many will disagree and that’s only because they are anxious to prosper. Prosperity is not around the corner. War is and its coming to our communities in the U.S. and around the world. The board here is loaded with bottom pickers. Not what you see at bottoms. More fake rallies and declines.
The only real bright spot is lots of luck. And you know what luck did !!!!!
Always enjoy Mr Temple’s global insights and reports. I get more information in 5 minutes from him than all blah blah pundits on talk TV in their 24/7 “news” cycles.
This week on Bloomberg a CEO of a major multinational (western) oil company was interviewed during which he said, demand in global oil is falling because growth in China was SLOWING down! But the logic is that if it is SLOWING down, then it is continuing to grow at a slower pace. This means that demand for petro should also still be growing, but at a slower pace–NOT declining! So coming from the other direction the logic dictates that demand is declining due to slowing growth but due to real economic declines in China–and we might call it a major recession and depression depending depending upon where you set the benchmarks. The problem is the trade imbalances with the USA have exhausted the consumers who longer are able to make a living wage producing things via manufacturing jobs. This was all too predictable–Ross Perot called it perfectly over 20 years ago, and it has played exactly as he said it would.
Thanks bj
China oil import has grown by 8.9% this year. It also grew by 7% last year on a year over year basis. Huge oil tankers are crowding the ports as Chinese all know it. It seems nobody here do the digging and assume the import has declined without the real figure. Then they will derive base on the assumption. Not very serious analysis, isn’t it?
BJ; you’re correct. If you look at charts of oil imports and usage by the Chinese, it continues to grow—not as much as a % as in the past but still growing.
Chinese import dropped a lot ~18%, which most because of oil price drop. Its export declined by a smaller percentage ~8% reflecting the weakness in the demand internationally and the significant currency appreciation following the US dollar. I believe its trade surplus with US reached a new high last year. The country is definitely slowing down but should not in a recession since a recession will be felt by the masses as a shock at current stage. This is not happening since people are still feeling fine. Like my sister said not as hot as before but still good business.
My neighbor who came to Canada during The Vietnam War as a draft dodger claims he left because The US has always felt they had a god given right to tell other countries how to live their lives, and if you look at their foreign policy I would definitely agree with him. Boy have they messed up in that regard. DT
I have to agree with your friend, Mr. Tracy. And, that is a real shame.
I tuned in late. Been hunting deer and planting fence posts plus travel time all day. Show was kind of a fizzle since it was recorded before Paris. This gonna be a monkey wrench next week.
A huge black swan Jason, that should not have been a black swan. So much for accurate intelligence!
I find it difficult to believe no one is concerned about Iran. Did you know that far from reducing the number of centrifuges, as per agreement, thay are increasing them!
I wonder how long before a dirty Muslim bomb goes off in the US?
Here in Thailand we have many Muslims. Ton’s of Syrian Christians too. Hell we have our own Gay Arab section. I kid you not. Muslim hookers and Gay Arabs here on holiday.
It seems the love Rock and Roll, booze, dope and whores just like the rest of us.
Are there Muslims who are crazy religious nuts? Yes but here the seem to be off the radar.
Very similar to the Muslims who live in the Han dominated areas in China except the hooker part.
We have heard all about your Muslim problems over in Thailand and China so don’t BS us about it.
The problem comes from the Xin Jiang autonomous region (province) only, where there is a concentration of traditional Muslim population and racially different. Read my earlier posts you should know I said Muslims have caused china a lot of problems and there have been massacres in china. I am surprised you use that word. However, in the east Han populated regions, we really don’t have any problems. Like my brother in law, he and his Muslim friends eat as much pork as the Han. They are hanized. These hanized muslims are the majority of Muslim in china though. China never never uses Muslim to refer tobthe terrorists. Instead, they always refer them as Xin jiang separatists. Hope you get what I am saying before you “BS” me. China and west have same Muslim problem. However west have always use double standard and blame china for any terrorist activities. And when terrorism happens in the west, China immediately express sympathy. In comparison, Chinese government and Russia behave more like gentlemen. Hope you read what I wrote again.
Thank you for that comment, Dragonite.
We do seem to do a lot of “blaming” over here, Dragonite.
I am getting so sick and tired of all of this.
Isn’t something good going on somewhere?
Let me know there is Muslim problem in Thailand. I have not heard it yet.
Jason, has never been here but he “read” that we have problems with Muslims. Wow Jason really? NO kidding! Well to me any faith in God in stupid. But of course we have problems with Muslims….So who doesn’t? Thanks for being so obvious.
Interesting observation Chris. Thanks
So maybe if we quit messing with them, and stealing their oil we might be able to get along.
The real truth is the Neocons, Israel, and et al. need and fund these clowns for their criminal wars and cabals. We should bring all that $$ home and spend it on our people.
I’m a Vet and I love my Country but I fear the New World Order and the Communist government that’s in charge. BTW, Trump just got validated on his Wall!
Sound like a better today than last week. He’s right! Build that wall!
Chris,
Trust me, I am as angry as you are. I cleaned up your comment a bit out of necessity.
If this were not a public forum, I would not have changed a single word – You are 100% correct in my opinion my friend!
Thanks Al, I’m sorry for that salty language :’)
Hillary will put us over the edge into the abyss…..
Here is an interesting question, Chris: Where is positive change going to come from? Please do reply with your ideas on this. Thanks.
Perhaps Trump will put a stop to this madness. Positive change requires Americans wake up to the fact that BOTH political groups are corrupt to the core and force change.
He does seem to be getting stronger and stronger.
o maybe if we quit screwing with them, and stealing their oil we might be able to get along.
The real truth is the Neocons, Israel, and et al. need and fund these ass clowns for their criminal wars and cabals. We should bring all that $$ home and spend it on our people.
I’m a Vet and I love my Country but I fear the New World Order and the Communist government that’s in charge. BTW, Trump just got validated on his Wall!
Sound like a better today than last week.
He’s right! Build that wall!
Agree 100% Chris, the issue is the neo cons.
And of course everyone that knows about them and do nothing.
But what the heck can ya do?
bb,
We must stand up for what we believe in. Simple as that.
Thanks, as per usual for the weekend show guys.
Cheers.
Our pleasure, Skeeta!
There is an interesting press release on a unique company I’ve been watching in the Oil Patch…… PrairieSky Royalty Ltd. (PSK.TO)(PREKF). Their business model is to lease out land to explorers and then take a royalty on new wells initiated. They are merging with another oil royalty & fees based exploration company (Canadian Natural Resources). It is an interesting synergy, but I expect the stock to get hit as the merger completes from the normal sell-off of holders of the prior company. In addition, within the current weak Oil price environment, it will likely get pressured further. This is a company to keep an eye on, in my opinion.
________________________________________________________
Canadian Natural Resources and PrairieSky Royalty Announce Combination of Royalty Businesses and Concurrent PrairieSky Financing
Nov.09/15
In doing some searching, there is an episode of on Commodities on BNN about PrairieSky Royalty, but they were bearish on it due to the downgrade & concerns about the number of shares issued. These are valid points, but I still think this is a copy to watch, and wait for a further pullback to take a longer-term position in a few months.
It appears their may be a dividend cut in February, so that will be the time where people may get most bearish, and a good time to buy into that weakness.
Thanks Excelsior, we will all take a look at this company and report back.
Yes I’d be interested to see what you and Cory and Doc & Chris think of it. It is kind of like the equivalent of an Oil Streaming company and just has a unique business model.
As mentioned above, I still expect some short term weakness in it until the merger is completed and since Oil is so weak, but for the mid to long-term, they may do quite well in an improving price environment.
Got it in my calendar to start tomorrow.
Deep State Paris massacre exposed…
‘We have Isis contained’ Obama’s words on the day of the 13th. See Bill Still on SGT.
Yep, we sure do don’t we Reverend!
Here’s a composite chart of Small-Mid Gold producers over the last 200 days that have my interest and have out-performed much of the mining sector.
(you can also right click on the time horizon button for 1 week – max time horizon)
Companies featured in Canadian Ticker symbols:
Claude, Guyana Goldfields, Klondex, Kirkland Lake Gold, Novagold, Centerra Gold, Centamin Egypt, Detour Gold, Lake Shore Gold, and Richmont Mines
86 day composite chart coming out of the last low in late July – Small/Mid producers:
Companies featured:
B2Gold, Newmarket Gold, Primero Mining, OceanaGold, GoGold Resources, True Gold Mining, Perseus Mining, McEwen Mining, IAMGold Corp, and NovaGold.
Composite chart of explorers that I have on my takeover watchlist. It would likely be a solid mid-tier that would takeover these explorers in a rebounding price environment.
Companies featured:
Kaminak Gold, Torex Gold, Golden Queen, Exeter Resources, Garibaldi Resources, Balmoral Resources, International Tower Hill Mines, Eurasian Minerals, Rye Patch Gold, and Rockhaven Resources.
Anybody have any thoughts on any of these companies?
Appreciate these comments Excelsior.
Glad to share Big Al. Great weekend show as per usual.
Thanks man, we will have some ideas for everyone starting this week.
Have a great rest of the day!
Here’s a different take on the first chart I posted with Richmont swapped out for Newmarket Gold (the old Crocodile gold). As a result, it makes the chart 86 days which looks at the move out of the late July lows until retesting those this week.
Companies featured:
Claude, Guyana Goldfields, Klondex, Kirkland Lake Gold, Novagold, Centerra Gold, Centamin Egypt, Detour Gold, Lake Shore Gold, and Newmarket Gold
One last variation on the chart up above on the small/mid gold producers. This is a 92 day chart with a few changes showing the action since July:
Companies featured:
B2Gold, Primero Mining, OceanaGold, GoGold Resources, True Gold Mining, Perseus Mining, McEwen Mining, IAMGold Corp, Richmont, and AuRico Metals.
Excelsior,
Great charts, man! A lot to digest. Thanks!
There are a lot of good companies to buy. I’m thinking we are only 2 or 3 months from the bottom. It’s certainly time to get the Christmas list together…
Absolutely. Let me know if you have any thoughts (pros or cons) on any of the companies or other companies that should be on the Christmas list.
Cheers!
Will do Excelsior.
It is interesting to look at the 200 day chart first posted on the bigger names versus that 86 day chart, as certain companies that did best since the beginning of the year, have dropped off harder on this last bounce out of late July, and some that weren’t moving the beginning of the year have picked up steam lately.
I’m looking for the best in class that will outperform when Gold finally does bottom in the next few months. That small list of speculative explorers (like Kaminak, Torex, Golden Queen, Balmoral, Rockhaven, etc…) has been gathered after hours and hours of cherry-picking many other newsletter writers and economists “favorite picks” for Jr explorers. They’ve been sold off hard, as to be expected, but if just 2-4 of those get taken over then it may be worth the higher risk gamble to allocate a small position to a few of them. I do hold some of those currently for just this reason, but will add to those positions in Dec if we get the dip many are postulating.
Coming to a country near you. Islamic invasion of Europe. See Still’s SGT report.
I could not find Still’s report, Reverend. Please provide us with a direct link. Thank you.
Reverend this one has been going around the net.
WATCH: The Anti-Migrant Video Going Viral Across Europe
http://www.breitbart.com/london/2015/11/11/watch-anti-migrant-video-going-viral-across-europe/
thanks………
This is just what the evil New World Odor criminals want. They have planted the seeds of this destruction.
Thanks Marked. Wake up world!
It is true that we live in a kakistocracy
If you get the chance I recommend checking these out. These are just examples of the vast corruption and evil of the ruling class.
https://www.corbettreport.com/the-real-hastert-scandal-pedophilia-drug-money-and-blackmail/
Thanks for the input Eddie.
It is true that we live in a kakistocracy
If you get the chance I recommend checking these out. These are just examples of the vast corruption and evil of the ruling class.
France is attaching ISIS heavily. French is either too stupid or too emotional to retaliate so soon. They may have fallen into traps. What have Russians done with their Airline Bombing, Nothing!. a government should not make any rush decision before it can figure it out what is the best course of action. Slow down France!
Theoretically, someone evil can trigger Russian and French infighting with small tricks. Too crowded and too dangerous for a much larger war.
PAUL CRAIG ROBERTS FRANCE
French Security Left Blind During Paris Attacks
November 15, 2015 | Categories: Articles & Columns | Tags:
French Security Left Blind During Paris Attacks
Paul Craig Roberts
I have received a report from European security that there was a massive cyber attack on French systems 48 hours prior to and during the Paris attacks. Among other things, the attack took down the French mobile data network and blinded police surveillance The attack was not a straightforward DDOS attack but a sophisticated attack that targeted a weakness in infrastructure hardware.
Such an attack is beyond the capability of most organizations and requires capability that is unlikely to be in ISIL’s arsenal. An attack on this scale is difficult to pull off without authorities getting wind of it. The coordination required suggests state involvement.
It is common for people with no experience in government to believe that false flag attacks are not possible, because they think the entire government would have to be involved and not everyone would go along with it. Someone would talk. However, if the report I have received is correct, hardly anyone has to be involved, and security forces are simply disabled.
Remember the reports that during 9/11, a simulation of the actual events that were occuring was being conducted, thus confusing responsible parties about the reality.
I am unable to reveal any further information. If security experts find the information credible, they should direct their inquiries to the French authorities.
186
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.
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Re: False Flags
This is really really hard to believe.
Corbett (former lefty) has done his homework and knows what’s up.
Didn’t know he was a former leftist (as was Molyneaux). I don’t know how he ended up in western Japan. He is very thorough and is stuff is well researched.
US Congress = US Taliban
https://www.youtube.com/watch?feature=player_detailpage&v=W32sUG8eEyA#t=59
I don’t agree with most of it..it flies in the face of reality…with the exception of the current U.S. administration….
Gator, consider who has provided you with your reality.
“The only thing new in the world is the history you don’t know.”
—Harry Truman
+1 Matthew.
Gator — I’ve looked into this stuff quite a lot, and I didn’t catch anything I thought he was wrong about. We’ve been propagandized and brainwashed since birth by the same powers behind all these acts.
It’s so common even Canadians know what it’s all aboot…
http://www.washingtonsblog.com/2015/02/41-admitted-false-flag-attacks.html
This is why there are hundreds of documented examples of governments staging attacks in order to blame them on their political enemies. In every civilization, in every culture, in every historical period, authoritarians have known that spectacular acts of violence help to further consolidate their own power and control. And sadly, throughout history there have been all too many willing to allow attacks to occur, to pretend that attacks have occurred or even to attack their own population in order to further their political agenda.
To think that such staged provocations and false flag attacks no longer occur would be as unrealistic as believing that human nature itself has changed, that powerful people no longer seek to increase their power, that influence is never used for deceit or manipulation, that lies are no longer told to satisfy greed or slake the thirst for control. It is to believe that our society is immuned from those things that we have seen in every other society in every other era. In short, it is a dangerous delusion.
Another interesting point Eddie.
Mark my words, this attack will not stop the invasion of Europe because that’s what the New World Odor elites want.
All this attack will do is take away what remaining liberties the French people have.
George Soros Demands EU Accept 1 Million Refugees (Costing €15 Billion) Per Year For Foreseeable Future
I would like to see that verified as it makes absolutely no sense.
Interesting point Eddie.
PCR is saying that the ISIL terrorist organization would not have the capability of creating a massive cyber attack on French systems so it must be a false flag involving the government of France. Not necessarily true PCR. ISIL could have someone working on the inside to cause this cyber attack.
It is my field and I know the internal and external attacks can be differentiated in seconds. It is totally different. Cyber attack is typically from outside.
even though it is easier to attack from inside but the multiple monitoring system can capture the source of attack in no time. Internal attacks usually involve stealing information but not to paralyze the system. It needs to hide as long as it can.
Thanks Dragonite. I am a little confused. Since this was called a cyber attack by PCR it probably came from outside but was so sophisticated that it was beyond the capability of most organizations therefor it was likely done by the French government because ISIL or people working with ISIL are not knowledgeable enough. So the French government cyber attacked their own system. Does that sound right? Could not ISIL hire experts?
Agree but chance for them to go to that level is not likely. It need sophisticated systems and experts. But it sounds too much like a drama and what is the motivations? It has to be historical reason to arrange such a brutal attack. I still don’t buy it yet.
Dragonite,
Let me ask you this. Since PCR seems to be saying that only someone with advanced knowledge could do an outside sophisticated cyber attack and since it is probably beyond ISIL ability than it must be the government themselves. But could someone on the inside assist the ISIL terrorist organization by giving them info that would allow ISIL to do a sophisticated outside cyber attack?
Yes, it is easy to crack system with system access permissions. If someone at high level in IT give them the access, the cyber attack is not difficult at all. But anyway, I don’t buy PCR’s theory, at least not for now.
I do not agree at all with PCR
China doubles margin requirements.
http://www.sundaynews.co.zw/china-to-double-margin-requirement-for-stocks/
December has a high probablity for world war. All asset classes will be at high risk until the war has concluded itself and all the destruction is behind us.
The war is coming and it’s straight down from here for at least one year. Everyone and all the analyst’s will continue to be wrong. They are always on the wrong end of the stick. Never fails !!!
Gold bless us.
He will as that is what He promise believers.
I don’t see that Jake
I see the major powers coming together.
you want one world govt..?
Not a chance, Agatha!
Enjoyed listening to Jayant Bhandari. Glad you have a guest who has actual on the ground experience.
India is a place one needs to visit and live in to understand. But I’ll say that, despite the abject poverty and the poor economic situation, I found in my small experiences that people are more alive and appreciative of life, and more aware of nature, than anywhere else I’ve been. Money blinds us, and that is why they see.