Industry News – Mon 27 Jun, 2016

Big Al, Doc, Mr. T and LPG opine on Brexit for, hopefully, the last time!

Click download link to listen on this device: Download Show

Interesting divergence of opinions here!


Featuring:
Al KorelinChris TempleLaurent-Patrick-GallyRichard Postma

Comments:
    • On June 27, 2016 at 12:53 pm,
      Big Al says:

      Actually Mr. Irish we did mention that crock of sxxt.

  1. On June 27, 2016 at 12:17 pm,
    CFS says:
  2. On June 27, 2016 at 12:26 pm,
    james says:

    Normal is already long time over in Europe sorry AL ! You will see ! Diss is only the start ! Day never stop !

    • On June 27, 2016 at 1:04 pm,
      james says:

      Where you live in France LPG ?

      • On June 27, 2016 at 1:56 pm,
        LPG says:

        James/Franky,
        Hope all’s well.
        I live in a cave.
        Sometimes, I can’t take it anymore… so I ask them to be nice with me… and they put me on a plane to the Middle-East so that I can see/get some sun ! ๐Ÿ™‚
        Best to you,
        LPG

        • On June 27, 2016 at 2:35 pm,
          james says:

          Marie Le Pen will helpe you ! Only Marie !

          • On June 27, 2016 at 3:46 pm,
            LPG says:

            Franky,
            It’s MarinE, not Marie.
            Luv,
            LPG

          • On June 27, 2016 at 4:07 pm,
            james says:

            You’re a real fancy LPG ! Buy same real gold Man baed think’s are coming !

          • On June 27, 2016 at 5:52 pm,
            LPG says:

            When it comes to precious metals you worry too much for me Franky.
            Luv’
            LPG

  3. On June 27, 2016 at 12:27 pm,
    irishtony says:

    LPG. It was the common marked, not the EU. It was meant to be a trading agreement between the European countries, in the hope we would all get on together & not have anymore senseless wars. But the people behind the scenes had other plans…One European GOVT,One European Bank. Complete control of Europe….That’s why a simple concept turned into the Monster it is today.
    A monster that must be destroyed….I have tried to pot it in simple terms so every can understand.

    • On June 27, 2016 at 12:56 pm,
      Big Al says:

      Thanks Mr. Irish

    • On June 27, 2016 at 1:54 pm,
      LPG says:

      Hello Irishtony,
      Hope all’s well.
      It’s still early days for this drama…
      I suspect a couple of things will now start to slowly unravel. It’s a process.
      Best to you,
      LPG

  4. On June 27, 2016 at 12:28 pm,
    CFS says:

    The EU should have remained as a free trade area.

    By the time they were thinking political unity and stopping German French wars, that cause was already negated by the rise to Super-power status of Russia and the US.
    BY 1970 there was NO LONGER any viable possibility of France or Germany going to war.

    • On June 27, 2016 at 12:56 pm,
      Big Al says:

      That is what I thought CFS, thanks

  5. On June 27, 2016 at 12:33 pm,
    CFS says:

    The media propaganda in the UK, France and Germany is disgusting.

    To the masses, for the benefit of the Establishment.

    Vive la revolution.

  6. On June 27, 2016 at 12:40 pm,
    CFS says:

    Big Al, please consider the level of debt!

    Ask yourself about the mechanics of solving a debt problem by adding more debt.

    Milk may be nutritious, but I can’t envision a cow living very long sucking on its own udder.

    • On June 27, 2016 at 12:58 pm,
      Big Al says:

      That is a different issue and, of course, it will result in chaos. Brexit should not result in much other than “eventually business as usual”.

      Who knows, maybe I am nuts, but I don’t think so!

      • On June 27, 2016 at 1:07 pm,
        CFS says:

        Big Al,
        I agree that Brexit, in theory, is a nothing happening soon vote.

        But, in fact, I believe I believe it has caused many people to re-think about politics and economics.

        I’m calling that a discontinuity point.
        A point at which, thoughts, trends, slopes, suddenly change.

  7. On June 27, 2016 at 12:42 pm,
    irishtony says:

    The snowball has just left the top of the hill……watch out below..

  8. On June 27, 2016 at 12:47 pm,
    CFS says:

    LPG, Doc,
    Do you not feel that Brexit might be causing a point discontinuity in time of economics and politics.
    Do charts handle discontinuities?

    I see Brexit changing British politics. Even possibly European politics, although there perhaps it is harder to distinguish between cart and horse.

    • On June 27, 2016 at 2:03 pm,
      LPG says:

      CFS,

      If you actually believe – as Martin Armstrong does, and I subscribe to his opinions on this matter – that the EU in its current form is doomed, then there’s no discontinuity but a process with some events that shorten the time frame that separate the NOW from an outcome to occur OR simply increase the odds of the outcome to occur.

      So for me, I see no discontinuity but a continuity of something that has effectively already started, but which is not necessarily obvious to the eye.

      Back in 2010-11, i knew some hedge fund managers that were convinced the Euro/the EU were doomed to fail. Back then, I disagreed with them. As I mentioned in the recording, i got finally got convinced about it in early 2015 – as i said, i was “late to the party”.

      Again, for me, current events are unfolding in a continuity. I don’t see discontinuity. But that’s me….

      Best,

      LPG

    • On June 27, 2016 at 2:34 pm,
      RICHARD (DOC) says:

      I agree with LPG’s comments. I believe this a shot across the bow and since economically I don’t see a reversal of the global financial issues anytime soon, there will continual disruption. In fact, Merkel is starting to backtrack (as a good politician does) already on the immigration issue and it’s one of 3 issues that she says has to be looked at going forward. I know one thing; the folks are going to be looking ever more careful at actions instead of words going forward. I might add that the IMF had a paper produced recently by 2 authors that almost came out and admitted the deleterious affect of free capital flows and globalization on the global population. You have to know that the IMF gave permission for something like this to be produced.

      • On June 27, 2016 at 5:10 pm,
        CFS says:

        I don’t know if Merkel is fooling herself, but she will not survive politically through 2017 in my opinion.

  9. On June 27, 2016 at 2:35 pm,
    Bob UK says:

    There is a referendum in Italy in October called by the Italian PM to vote on the Italian legal / constitutional system. But the mood in Italy now is that people are seeing the referendum as a chance to show their disgust are being in the EU.

    So that is coming in October.

  10. On June 27, 2016 at 2:37 pm,
    Bob UK says:

    Barclays will either double in 12 months or become another RBS bailed out by the UK government. I am staying away.

    • On June 27, 2016 at 5:13 pm,
      CFS says:

      Last time at looked at Barclays statistics it was effectively bankrupt…….wait till the London property market collapses and rather than “dead man walking” , it will be a ghost.

  11. On June 27, 2016 at 2:40 pm,
    Bob UK says:

    Gee guys, after listening to this I feel like putting all my money into gold and silver and hiding in a hole under my house.

    • On June 27, 2016 at 3:49 pm,
      LPG says:

      Hello Bob,

      Hope all’s well.

      Keith Neumeyer – First Majestic Silver – sold his house last year and bought silver. No hiding issue. ๐Ÿ˜€
      Personally, I liked that move. But that’s me. ๐Ÿ˜€

      Best as always,

      LPG

      • On June 27, 2016 at 4:51 pm,
        Bonzo Barzini says:

        I bought another 2000 oz of silver last week before Brexit and am happy with it. I own AG too as well as PAAS, SLW, AXU, EXK, CEF, PSLV, SSRI,HL, MUX, etc., as I think silver is going way over 100.

  12. On June 27, 2016 at 4:48 pm,
    CFS says:

    Well now we know what the ECB thinks it is going to need for banking bail-outs, share-buying to prop up stocks.

    http://www.ecb.europa.eu/mopo/implement/omo/html/20160065.en.html

    In case you can’t understand it.
    The extra borrowing is almost 400 Billion euros.

    • On June 27, 2016 at 5:06 pm,
      CFS says:

      There is no information on how the 400 billion euros will be exactly spent.

      But the ECB estimates 7.1 percent of euro zone bank loans were not performing at the end of last year, nearly five times the level in the United States. Italy and Greece are the worst countries.
      7.1% amounts, by my calculation, to about 900 billion in non-performing loans, so almost half that amount should be enough for a bail-out, since banks no longer seem to mark to market and carry loans for a long time.

  13. On June 27, 2016 at 7:08 pm,
    CFS says:

    Would yo believe I typed schiffradio on…..

  14. On June 27, 2016 at 7:51 pm,
    CFS says:
  15. On June 27, 2016 at 8:16 pm,
    CFS says:

    Sorry for the ad at the end of the above YouTube.

    Now for the RT point of view, remembering that Livingston is a socialist.

    https://m.youtube.com/watch?v=oQn3h1foScQ

  16. On June 27, 2016 at 8:22 pm,
    johnnygeneric says:

    Russian demographics are in the toilet. Whatever higher status they attain…will ultimately wilt…