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As always we start the day with comments from Rick Ackerman

Big Al
June 30, 2016

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Discussion
16 Comments
    B
    Jun 30, 2016 30:25 AM

    Brexit not a big deal.
    It might be a Very big deal.

    The Collapse of Western Democracy — Paul Craig Roberts (6/29/2016)

    Should pcr be correct, what the brexit could mean is the end of democracy as we know it, at least in the west. (thats us.lol)

    IMO, thats a much bigger deal than what the markets do.

      Jun 30, 2016 30:53 AM

      I don’t think there is much democracy left anyway. The elite chose the leaders and then control and pump the media to make you vote for their favourite candidate.

      Jun 30, 2016 30:03 PM

      To call it “The Collapse of Western Democracy” is a bit of a stretch.

      You just gave me a great idea for the Weekend Show. Thanks

        Jun 30, 2016 30:16 PM

        AL….That’s exactly what the EU commission want, the death of Democracy.

    Jun 30, 2016 30:29 AM

    Mr. Big Al Korelin and Rick running the world. Now, there’s an idea.

    What happened to Cory Fech? Haven’t heard anything from him recently. I hope the Brexit Monster didn’t eat him. I understand it finds Canadians very tasty.

    I don’t think Brexit will be a big deal because I don’t think it’s going to happen. There are plenty of road blocks our rulers will put up to make sure it doesn’t happen.

      Jun 30, 2016 30:04 PM

      Cory is on vacation with his wife.

      Brexit will happen, in my humble opinion and I say, “this too shall pass”!

    Jun 30, 2016 30:29 AM

    What happened to Cory Fech?

    Cory Fleck. Dang iPad!

    Jun 30, 2016 30:58 AM

    Oil correcting but my energy stocks are up 1.7% signalling that investors are done dumping oil majors and investing for the long term with higher oil expected.

    CFS
    Jun 30, 2016 30:15 AM

    Paul, is it perhaps investors seeking interest rates that are not close to zero?

    Jun 30, 2016 30:37 AM

    Is Rick ever wrong?

    He called for $850 gold. I would say that’s wrong.

    Regarding being exactly right with Brexit…

    I dead cat stock bounce does not prove anything.

    You (Al) said repeatedly this was not the time to back up the truck on gold, it was going down. I would say that was wrong.

    The fact that the central banksters now have to print more cheap money and do more QE has nothing to do with Brexit.

    Stocks are going up because QE is coming, NOT BECAUSE OF BREXIT

      Jun 30, 2016 30:07 PM

      If you remember Rick said that his technicals indicated that it could go as low as $850. Yes, that supposition did not pan out.

      Regarding me saying that this is not the time to back up the truck for loading gold. I stick to my guns. But then again, it depends what kind of size you are considering. Back up the Truck to means buying in very big numbers.

      For guys like me, the environment regarding gold is still a bit uncertain.

      Jun 30, 2016 30:22 PM

      That $850 target sounds familiar. Was the prediction a longer term target with gold going up in the meantime?

    Jun 30, 2016 30:43 AM

    Let’s be clear people – we are in a war.

    There is a battle raging right now as I write.

    It isn’t being fought with guns, yet, it is being fought in the trenches of the markets and on propaganda.

    Jun 30, 2016 30:56 AM

    You’ve been hearing a lot of talk on this site that this is t the time to buy gold.

    The odds are it will be much lower was even said.

    When it went down one day we were even told gold is down again.

    So what gives?

    I think this was irresponsible and reckless

    Jun 30, 2016 30:23 PM

    That supposition did not pan out. Talk about an understatement.

    Al? How is the environment for gold still uncertain?

    What more do you need?

    People…what have I been saying these last several days?

    Go with what seems right to you!

    Go with your gut!

    Don’t let the shorts (Doc for example) and the rest of the gang throw cold water on this gold, AND NOW SILVER, raging bull market.

    Don’t try to time the bottom

    Prices are still DIRT CHEAP, don’t wait for $1000

    Jul 01, 2016 01:48 AM

    Rick A., thanks for your July Ag call of 19.21.