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Quiet day in the financial markets. Here is our take.

Big Al
November 23, 2015

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Discussion
110 Comments
    JIM
    Nov 23, 2015 23:31 PM

    AL,

    Rick Ackerman’s target price for gold was $1,044.50.

    All The Best,

    JIm

      Nov 23, 2015 23:02 PM

      I guess that was after $840. I do get confused from time to time.

        Nov 23, 2015 23:32 PM

        810, let’s focus on it. I have a good memory.

        JIM
        Nov 23, 2015 23:56 PM

        When I said $1044 gold, I meant his current short term call.

        All The Best,

        JIM

        Nov 23, 2015 23:09 PM

        Al, you would fit right in working at the government, they are confused all the time! DT

          Nov 23, 2015 23:23 PM

          I don’t know Dick as I am confused 90% of the time. Did you have a nice day today? Thursday’s can be tough.

            Nov 25, 2015 25:14 AM

            Al, you are doing well, I am at about 98%.
            yes, Rick’s long term target based on price action all the way back to 2013 was in the $817, $814 or $810 area depending on which gold contract you look at, spot or futures. $044 is Rick’s short term target for this move but he has also mentioned $1000 as the next step I think.
            There is a weird advert for tennis shorts on the lefty hand side of this page. I don’t know why because I am a sedentary soul. Maybe it is a hint.

    Nov 23, 2015 23:35 PM

    CORY…….IS AT HAPPY HOUR…………

      Nov 23, 2015 23:01 PM

      More likely than not!

    Nov 23, 2015 23:37 PM

    Dragon………do not take advice from Owl, or you will be sorry………….lol

      Nov 23, 2015 23:00 PM

      Okay, that’s it! Rude, inappropriate and perhaps correct!

    Nov 23, 2015 23:45 PM

    Al will you make up yr mind.. you told us to accumulate what a week ago…

      bb
      Nov 23, 2015 23:52 PM

      lol Agatha, actually that’s true, this is about the first time I havnt heard people saying “a good time to buy”, have we moved into a different dimension or something?
      That’s Twilight Zone stuff, lol

      Nov 23, 2015 23:54 PM

      And, I did stand by that. But Agatha you must remember what my time frame is!

        CFS
        Nov 23, 2015 23:26 PM

        It is time to accumulate silver right now.

        Nov 23, 2015 23:48 PM

        now thats what I call timing….

    Nov 23, 2015 23:49 PM

    hang up the phone

      Nov 23, 2015 23:53 PM

      Could not. What, you don’t like the sound effects? Neither do I but I am not perfect, only close!

    bb
    Nov 23, 2015 23:49 PM

    Looked to me the 19th 20th was a bounce, $10 didn’t go anywhere.
    Hasn’t been any strengh in upmoves for awhile.

    Nov 23, 2015 23:24 PM

    ‘Dr Copper should be struck off the list. He is telling us a lot about over-supply in China, but little about the world economy,’ says Capital Economics –

    http://www.telegraph.co.uk/finance/commodities/12012704/Harmless-commodity-crash-accelerates-as-dollar-soars.html

    CFS
    Nov 23, 2015 23:29 PM

    The US has just issued a travel alert for all Americans traveling abroad.
    Effective until February!

      Nov 23, 2015 23:56 PM

      Lock down next……………….

      Nov 23, 2015 23:21 PM

      Where did you see that?

        CFS
        Nov 24, 2015 24:47 AM

        If you are asking me, Drudge reported it now. (About half an hour after I did. Are you impressed with my un-named source?)

    Nov 23, 2015 23:56 PM

    Fresillo seems to be holding up very well, which makes me think that some of the smart boys in London are buying it.

    It bottomed about £5.70 earlier this year then shot up about 25% when gold and silver rallied… but it has more or less stayed up there since gold and silver has been dropping.

    Nov 23, 2015 23:49 PM

    Paris …….false flag………Craig P. Roberts at SGT report.

      Nov 23, 2015 23:51 PM

      Civil liberties……..willingly being given up for protection….

      Nov 23, 2015 23:35 PM

      Do you believe that Muskovite?

        Nov 23, 2015 23:46 PM

        Well Al… what should we believe..? We have given them up.
        Authority controls and DIVIDES us– most unfortunately.
        Until we show some strength…. and intelligence in unity.

          Nov 23, 2015 23:29 PM

          Since I am unreliable dishonest and dangerous, I will refrain from answering.

            Nov 24, 2015 24:33 AM

            i never said unreliable or dishonest!

        Nov 24, 2015 24:35 AM

        OWL………..you should listen to the report and come to your own conclusion….best J.

      Nov 23, 2015 23:20 PM

      I saw that. Now I have to ask the question,, “who is winning?”

    Nov 23, 2015 23:30 PM

    Yep, fres is showing great relative strength.

    Nov 23, 2015 23:26 PM

    So the articles are coming out in many news outlets that are getting more bearish on Gold, so we are starting to get more of the Sentiment wash out. I think this is a good sign to start seeing, because this is starting to feel more like a bottoming process now that late July did or last November did. I’ll post a few examples:
    ________________________________________________________________________

    Is Gold Still A Good Investment or Just A Pet Rock? – CME Group
    Monday November 23, 2015

    http://www.kitco.com/news/2015-11-23/Is-Gold-Still-A-Good-Investment-or-Just-A-Pet-Rock-CME-Group.html

    Nov 23, 2015 23:52 PM

    Al, you are dodgy

      Nov 23, 2015 23:16 PM

      Al needs a government job so we can say he is retired!

        Nov 23, 2015 23:19 PM

        Absolutely no chance, Mr TRACY!

      Nov 23, 2015 23:24 PM

      “Dodgy?”

      Nov 23, 2015 23:27 PM

      Do you mean unreliable dishonest or dangerous?

    Nov 23, 2015 23:05 PM

    Big Al retire? heck no he’s just at his prime! He’s more lucid than anyone I know!

    Nov 23, 2015 23:53 PM

    Remember this, When it comes to the best form of exercise experts say good old fashioned walking is the best. Walking is a superfood but make sure you get a good pair of shoes. DT

      Nov 23, 2015 23:31 PM

      Minimum of five days/week here!

        Nov 23, 2015 23:45 PM

        Walking is very good.

          Nov 24, 2015 24:10 AM

          I absolutely love walking as it gives me the personal quiet time that I need

          Good to have you with us Whisper

      Nov 23, 2015 23:35 PM

      Wow! Thank you cfs

      JIM
      Nov 24, 2015 24:16 AM

      CFS,

      After reading this article, I find it hard to believe it’s completely true or accurate. I could be wrong, but I would think after the first several incidents, airport security would ratchet up and they would break out ALL their cameras and personnel they have at their disposal until the responsible people are found. The article quoted over 150+ incidents at the third busiest airport in the world, without ANYONE being arrested? Seems very unlikely to me.

      All The Best,

      JIM

        Nov 24, 2015 24:26 AM

        Jim,

        That is a bit strange. Either that or the security is simply non-existent.

        Al

    CFS
    Nov 23, 2015 23:17 PM

    WWIII clearly started.

    http://www.cnn.com/2015/11/18/asia/isis-hostages-china-norway/

    Chinese and Norwegian killed by IS …..Islamic Scum.

      Nov 23, 2015 23:30 PM

      Could not source it.

        Nov 23, 2015 23:38 PM

        It is true. They have killed 4 Chinese nationals recently. People get furious.

      Nov 23, 2015 23:34 PM

      Thanks, just read the account.

    Nov 24, 2015 24:39 AM

    Well, now you have a big fat black swan lading in the M.E.

    Turkish F-16s Shoot Down Russian Su-24 Warplane Near Syria Border
    zerohedge.com

    Nov 24, 2015 24:26 AM

    ******* BREAKING NEWS: TURKEY SHOOTS DOWN RUSSIAN WAR PLANE OVER SYRIA *********
    Damn fools!

      Nov 24, 2015 24:32 AM

      Turkey has been long known as a big sponsor for terrorism. The terrorists in Chinese Xinjiang region have been funded and supported by Thurkey. These terrorists have been calling themselves East Turkistan independence movement. Their goal is to break a region nearly one quarter of China and join Turkey. The terrorist activities in the last 30 years in China were committed entirely by these people. They run everywhere to kill. They tried to make this muslim issue but most muslims want them dead too because they will slaughter all other Muslim groups as they claim since they are on the Han’s side. Turkey is a country with ego bigger than their body and provocative. Nato took them as a member is asking for trouble.

        Nov 24, 2015 24:22 AM

        Getting totally crazy Dragonite.I think the tipping point is here.

    Nov 24, 2015 24:27 AM

    LIKE I KEEP SAYING………………..BLACK SWANS NOW LANDING EVERYWHERE!

    Nov 24, 2015 24:33 AM

    ********* WELL, THIS IS ONR WAY TO START WORLD WAR THREE !!!!!! ***********
    http://www.zerohedge.com/news/2015-11-24/turkish-f-16-shoots-down-russian-su-24-warplane-near-syria-border

    Nov 24, 2015 24:40 AM

    *********** RUSSIAN WAR PLANE SHOT DOWN, ONE PILOT DEAD !!!!! *********
    Live feed!
    https://www.rt.com/on-air/

    Nov 24, 2015 24:42 AM

    IS THE WEST GOING CRAZY!!!!!!! OR ARE THEY!!!!!!!

    Nov 24, 2015 24:44 AM

    NOW…………….WHAT WILL PUTIN’S RESPONSE BE ??????????

      CFS
      Nov 24, 2015 24:58 AM

      Putin will not start a war. I firmly believe, despite US propaganda, that like Krushev, he is not a war-monger. He is firm, but is not stupid. He has had a lot of Provocation from the U.S. but has not (unlike the US) attacked without extreme provocation.

        CFS
        Nov 24, 2015 24:04 AM

        Remember Valerie Jarrett, who incidentally is a Muslim, one of Obama’s key advisors boasting about the $5 Billion spent on destabilizing Ukraine?sw

          Nov 24, 2015 24:30 AM

          Interesting………..goes to show…….

          GH
          Nov 24, 2015 24:35 AM

          I thought that was Victoria Nuland…

            CFS
            Nov 24, 2015 24:57 PM

            You are correct in that Nuland was reported indicating the $5 billion number.
            (The actual number was reported by Jarrett at $4.8 billion.)

        Nov 24, 2015 24:05 AM

        But you got to admit that we are really trying to start a war with Russia!
        It’s crazy but these fools really think that they can win a first strike with Russia!

    Nov 24, 2015 24:05 AM

    NATO again…….really? WWIII?

      CFS
      Nov 24, 2015 24:50 AM

      Prepare for race riots and anti police riots to break out now in Chicago.
      (I’m not joking, alas)

        Nov 24, 2015 24:43 AM

        NO, look out for a huge black swan event to happen in the near future in Chicago!

    Nov 24, 2015 24:28 AM

    SDMARC…………..RICHARD RUSSELL HAS PASSED….. respectfully submitted……..J.

      Nov 24, 2015 24:40 AM

      WOW, MAY GOD BE PLEASED WITH HIM! I followed him for a lot of years and he was always on point with his very informed commentary, he will be missed dearly!

    Nov 24, 2015 24:46 AM

    WARNING: CHINA MAYBE NEXT NATION TO FIGHT ISIS IN SYRIA!

      Nov 24, 2015 24:15 AM

      China has been trying to restrain itself, not intervening in other’s business. It is unlikely China will be directly involved. China already paid Russia over 200 billion recently. So in a sense, China is already involved. Chinese public has been getting itchy due to the recent incidents both due to Xinjiang terrorism and south China sea. There is growing anger inside China for being too soft.

    Nov 24, 2015 24:47 AM

    Things are moving fast!

    Nov 24, 2015 24:55 AM

    fractional -reserve banking……..complete fraud. zerohedge………like duh

      Nov 24, 2015 24:59 AM

      This should be a topic that the KER REPORT take up…….since, OWL use to be a BANKER.

    Nov 24, 2015 24:00 AM

    Question……….is Erdogan going mad, or is NATO going mad!

    Nov 24, 2015 24:17 AM

    nato…… the US

    Nov 24, 2015 24:29 AM

    As Goldman notes, in Gold, the critical level is 1,068-1,066. In Silver, support spans 13.98-13.83.

    Gold Daily/Weekly – The level to watch in Gold is 1,068-1,066. This includes an ABC equality target off the January high and the trend across the lows since Dec. ’13.

    Nov 24, 2015 24:33 AM

    RICHARD RUSSELL HAS PASSED….. respectfully submitted””

    I am sad to hear this. He was one of my mentors in the early 80’s. I made a lot of money of his advice and I loved his work. He will be missed. RIP Russell!

      Nov 24, 2015 24:19 AM

      Amen Chris.

    Nov 24, 2015 24:47 AM

    I can’t see a Third World War, the end result would be the destruction of humanity; instead I see a world where the major powers come together to fight terrorism. This is happening now, cooler heads will prevail and it’s a good thing for us all.

      Nov 24, 2015 24:17 AM

      Okay, but do you think that they will, Dick?

    Nov 24, 2015 24:51 AM

    gee Dick.. has history ever indicated such…?

      Nov 24, 2015 24:05 AM

      Agatha, there are no winners in war only losers but now if the major powers go to war we all lose. It’s either change or perish as a species, with nuclear, biological, and chemical weapons this time it will be the end for us all. Cooler heads will prevail, there is no alternative.

        Nov 24, 2015 24:13 AM

        A big Amen. Dick!

        JIM
        Nov 24, 2015 24:03 PM

        DT,

        The ONLY winners in the next war, as with all wars, will be the military industrial complex and the bankers funding them.

        All The Best,

        JIM

    Nov 24, 2015 24:36 AM

    you following zero hedge on turkey russia….who is provoking??????is not a cool head

    Nov 24, 2015 24:37 AM

    Who is funding isis….

      bb
      Nov 24, 2015 24:11 AM

      I thought you knew that Agatha.
      Recently they have stopped mentioning the U.S. and are focusing on Qatar, Saudi and Turkey.

    Nov 24, 2015 24:16 AM

    anyone else get this from the Seminar…..?? re Holter..

    Wonder if you heard the inside gossip from Jim Sinclair’s meeting in California? Did you know that Monty Guild stood up in the Audience and called Bill Holter a Charlatan? Turned out to be a real mess-circus.

    However, I doubt Jim wrote about that on his site these past few days.

      Nov 24, 2015 24:31 AM

      Have not seen that yet…….but, will look for it………….what a hoot………..who is monty guild……

      JIM
      Nov 24, 2015 24:21 PM

      FRANK,

      From jsmineset.com:

      Monty Guild

      Monty Guild is the principal of Guild Investments Management which provides management services to U.S. and foreign investors with individual accounts, pension and IRA accounts, as well as domestic and foreign investment companies.

      Jim Sinclair has been recommending Monty Guild as an investment professional on his website and at his seminars for over 10-years. Both Jim & Monty usually show a lot of class. For Monty to call out Bill Holter like mentioned, is very surprising.

      All The Best,

      JIM

      PS: Don’t forget, Bo Polny originally STARTED on jsmineset.com. As with most people, I think Jim eventually saw Bo for what he was and dumped him.

        Nov 24, 2015 24:21 PM

        Thanks for all the added info…………..appreciate………….CCF