Weekend Show – Sat 2 Jul, 2016

Independence Day 2017

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Al KorelinWendell ZerbRick AckermanBill HowaldGlen DownsJeff Pontius
Chris Temple
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  1. On July 2, 2016 at 1:20 am,
    Skeeta says:

    Thanks as always for the show fella’s.

    • On July 2, 2016 at 6:57 am,
      Bobby says:

      Happy Independence Day. Will this be the last?

      • On July 2, 2016 at 11:19 am,
        Big Al says:

        No, it will not!

    • On July 2, 2016 at 8:19 am,
      CFS says:

      Burack of Wall St for Main St interviews Jay Taylor, discussing economics and mining stocks:


      • On July 2, 2016 at 11:20 am,
        Big Al says:

        Thanks for the link, CFS

      • On July 2, 2016 at 2:15 pm,
        Chris says:

        I don’t know how you find all these links CFS, but thanks for posting them!

        • On July 2, 2016 at 5:42 pm,
          CFS says:

          You’re welcome. I just try to help.

      • On July 3, 2016 at 2:11 pm,
        Marty says:

        Jason Burack is a rising star in the analyst business. Jim Puplava gave him some air time some 10 years ago to cut his teeth and I don’t think anyone can say they are disappointed in his expertise for such a young man. As discerning as they come!

        • On July 7, 2016 at 4:25 am,
          Bobby says:

          totally agree marty

    • On July 2, 2016 at 11:19 am,
      Big Al says:

      As always thanks to you Skeeta.

  2. On July 2, 2016 at 1:44 am,
    Archdeacon (!) Andrew says:

    Aaaaaggh. Ditto to all of you!! ….And to you Skeeta!
    Exeter, Rye Patch and Corvus all on a roll. What a long wait for these major upswings but they’ve arrived. So for all of us who’ve hung on for so loooong happy days at last. Talk about patience tested to extreme being a virtue.

    • On July 2, 2016 at 1:47 am,
      Skeeta says:

      Yep, a great week for the metals & the share portfolio Rev.
      Onwards & upwards!!

    • On July 2, 2016 at 11:21 am,
      Big Al says:

      Hard to hold quality down. Both the company’s and all od yous’.

  3. On July 2, 2016 at 5:46 am,
    Robert Moriarty says:

    It’s just a tiny bit early to be celebrating Independence Day 2017, isn’t it?

    • On July 2, 2016 at 7:56 am,
      CFS says:

      Well, in California they seem to start celebrating on 5/5, Bob!

    • On July 2, 2016 at 8:21 am,
      B says:

      Enjoyed the provenandprobable interview Bob.

    • On July 2, 2016 at 10:37 am,
      Bonzo Barzini says:

      Yes, since Obongo will stage a false flag terrorist event this fall, cancel the election,
      declare marshal law, take way our guns, and stay till the emergency is over, which means we are stuck with this marxist tyrant.

      • On July 2, 2016 at 11:23 am,
        Big Al says:

        Common Bonzo!

        • On July 4, 2016 at 2:26 pm,
          Bonzo Barzini says:

          Al, I am seldom wrong.

      • On July 2, 2016 at 11:39 am,
        Gator says:

        Bonzo..wouldn’t put anything past this scum bag….

      • On July 2, 2016 at 12:39 pm,
        Tad says:

        It still won’t move TVIX over $3 Bonzo 😉

    • On July 2, 2016 at 11:22 am,
      Big Al says:

      Celebrating 2017?

  4. On July 2, 2016 at 7:22 am,
    Dick Tracy says:

    Bird will soon be back saying ” I told you gold was going up you just wouldn’t listen.” DT

    • On July 2, 2016 at 8:39 am,
      Archdeacon (!) Andrew says:

      He’s busy re-grouping DT. I have to smile at his absences before he comes roaring back!!

      • On July 2, 2016 at 11:24 am,
        Big Al says:

        You must admit that he is one interesting guy!

        • On July 2, 2016 at 1:35 pm,
          Tad says:

          Do you think he’s busy buying some gold stocks?

          • On July 3, 2016 at 1:03 am,
            Archdeacon (!) Andrew says:

            Whisper it quietly Tad!!

          • On July 3, 2016 at 5:31 am,
            Birdman says:

            I wish. But no dice. The electrical transformer in my neighborhood was overloaded and burst into flames before a power cable gave way and snapped and I haven’t had power or internet for a week. Today we have a temporary fix but hopefully the electrical will be back online soon because I’ve missed 6 days of action.

            Sorry Andrew….I have nothing irritating to say today.

            How’s life in the land of the big Exit?

          • On July 3, 2016 at 2:47 pm,
            Archdeacon (!) Andrew says:

            Thanks for asking BM – Pretty good. Some fear that the remain camp are mustering for a re-vote. Cameron I believe wouldn’t dare. Furthermore some 8 EU countries are itching to do something similar.
            Who knows we could have electrical outages here before long. Best, A

          • On July 4, 2016 at 7:43 pm,
            Brian says:

            Hey Birdman (you POS)

            You have posted THOUSANDS (not kidding, really) of comments predicting gold and/or silver and/or PM stocks were going down (e.g., gold<$US900).

            And, now , your excuse is a power outage in Africa?



            Now that it not coming tur you disappear and f

  5. On July 2, 2016 at 7:56 am,
    pardu says:

    Big Al, it is my opinion that the founders of this nation were raised up by God to bring to pass a land of liberty. They were wise beyond many people’s understanding. The founders warned us about the very things we are experiencing today, such as the problem of party politics, entangling alliances, making anything but gold and silver our money, the need for constant vigilance to maintain liberty, and on and on. They likewise warned us that this nation and the constitution particularly, are only viable with a moral society. Without morality among the people at large and with the leaders in particular, this constitution would not work as intended. Sadly, our culture and society have departed from the morality and constitutional principles that made this nation great over the years. It has largely happened in a very steady and subtle fashion because we as citizens have not been vigilant as Jefferson warned. This land still has the potential to rise back to the principles which made it great, but only if the citizens will exercise their power to put things back to the way they should be and then only if the citizens themselves are adequately educated as to how these principles were intended to operate along with a return to eternal moral principles. We need an awakening both constitutionally and spiritually. It is something we as individuals and families must accomplish then have it spread to communities and eventually the nation. Some of my ancestors were signers of the Declaration of Independence and many fought to support it. I feel sad that so great a sacrifice by them and many since has been squandered by so many. The fourth of July should return to our hearts the blessings of liberty and gratitude for the countless individuals who gave their all that we might have what we have. John Adams stated that they gave us a republic if we can keep it and if not, he would rue the fact that he gave half as much effort to give it to us. I hope we can do the founders proud by returning to the morality and principles they struggled to give us, for I do not want to meet them in the next life having not done my part to keep it. Just a thought.

    • On July 2, 2016 at 8:43 am,
      B says:


      founders “raised up” by god to bring to pass a land of liberty.
      intersting perspective on slave owners.

      The U.S. never once had Liberty.
      Not at any time did it even get anywhere near close.

      • On July 2, 2016 at 8:52 am,
        Wayne says:

        Civil liberty follows the breaking of sin’s dominion in our lives through Jesus Christ. You need to get a new worldview born of repentance, a worldview that acknowledges the supreme reality. Until then, you deceive yourself and others.

        • On July 2, 2016 at 11:29 am,
          Big Al says:

          I agre Wayne!

        • On July 3, 2016 at 6:19 pm,
          Bentnail says:


          Thank you – great comment. So true.

      • On July 2, 2016 at 8:59 am,
        Jorge Soroso says:

        Perhaps Zimbabwe, Saudi Arabia or N. Korea would suit you.

        • On July 2, 2016 at 9:43 am,
          B says:

          You guys, I am not saying the US isnt a better place to live than some places.

          I am saying the U.S. has never come close to achieveing any form of liberty.

          Do people understand the meaning of liberty?

          Media telling people repeatedly that the nation is “great”, the military is wonderful,the U.S. is exceptional etc etc seems to keep people from understaning what liberty actually is. Propoganda works.

          I am all for Liberty. its too bad it doesnt exist and was never achieved.

          It seems “liberty” has always just been a ruse to control people.

          People need to understand the word liberty so they can stop being so easily decieved.

          The only way to own a slave and spout liberty is to be a psychopath.
          The only way to tout liberty and comit genocide is to be a psychopath.
          The only way to to give speeches about liberty, call invasions “enduring freedom” and bomb people for their own good, is to be a psychopath.

          None of it has anything to do with liberty. It has to do with a sickness.
          And the people are so,so,so brainwashed, they fall for it.

          Maybe we deserve to be ruled.

          Anyway, so much for liberty, an interesting show today guys.

          • On July 2, 2016 at 10:00 am,
            Jorge Soroso says:

            Thank you for clarifying. I don’t think that liberty has always been a ruse to control people, but I agree that our leaders have found ways to make use of it for their own ends. Meanwhile, our real liberties are being diminished.
            We are all imperfect people. Imperfect people can only build imperfect nations.

          • On July 2, 2016 at 10:15 am,
            Jay Linn says:

            The reason why everything sounds psychopathic may be because you know more propaganda than history. July 4th is all about history. July 4th, 1776.

          • On July 2, 2016 at 11:30 am,
            Big Al says:

            Certainly food for thought, B

          • On July 2, 2016 at 1:14 pm,
            Wayne says:

            There are two kinds of liberty, one true, one false. Even Obama knows the difference. False liberties include unlimited porn, legalized pot, rampant sexual immorality, drunkenness, etc. all vices which can be “enjoyed” in a 6×8 cell. True liberty is being allowed to own property (not pay property taxes) and politely refuse to bake a cake for perverts. Obama and his ilk are trading us the false for the true.

      • On July 2, 2016 at 9:35 am,
        pardu says:

        You are correct that the kind of liberty sought for was not yet in place. The majority of the founders recognized the wrongness of slavery, but to create the republic and the constitution, they had to compromise with the southern states, with the clear intent, agreed to by the south, that the issue of slavery would be resolved over a certain amount of time, originally 20 years, which did not occur. It was George Mason of Virginia who clearly chastised the southern states during the constitutional debate that “slavery is a moral issue” when the southern states said it was not. Mason warned the south that if they did not remedy this issue, there would be a price to be paid in the future. The civil war was the catalyst in the end owing to the failure of the southern states to make good their intent to do away with slavery over 20 years. Though the perfect scenario has yet to be created, the founders saw the possibility of striving for such as much as fallible man could endure. the true principles set forth in the founding documents, though not fully realized, are worth striving for. We could use some of the statesmanship demonstrated by the founders in putting forth the good of the country above their own personal gain. Personal power and gain are all to prevalent in Washington today and little is done for the good of the country it seems.

      • On July 2, 2016 at 9:48 am,
        Jay Linn says:

        B, at the time of American Revolution, virtually everyone in the world was under a slavery of some kind. The fact you are not a slave right now, you gotta thank the Founders of USA and the Republican party that freed your ancestors. Think about it, B. You weren’t born a free citizen of USA based on your own efforts. There were other people who paid for your freedom. That is the message of July 4th.

    • On July 2, 2016 at 11:28 am,
      Big Al says:

      Very important thoughts Pardu. Thank you.

  6. On July 2, 2016 at 7:57 am,
    Markedtofuture says:

    Anyone with good cannabas stock picks? DD on TRTC was enough to start a small position.

    World’s Richest Man Enters the Cannabis Industry

    With a net worth of 81.1 billion dollars, you can do whatever you want- and that’s precisely what Bill Gates is doing by investing in the cannabis industry.

    Bill Gates is proud to announce that Microsoft has partnered with KIND Financial to provide a seed-to-sale tracking system. The partnership will create ATM-like kiosks and a way for cannabis collectives to deal in cash without risking their lives.


    • On July 2, 2016 at 9:13 am,
      Jorge Soroso says:

      This is the land of the free!
      I think that more Americans with more convenient ways to numb themselves is a good thing!
      Think of the profits!

    • On July 2, 2016 at 11:34 am,
      Big Al says:

      I choose not to invest in this sector. Not being judgemental, just a personal preference.

      • On July 2, 2016 at 3:09 pm,
        CFS says:

        I am judgemental, so I choose not to financially support this group.
        Not against the use of cannabis, if only it was not bred for maximization tetrahydrocannabinol. I just don’t want to be hit by some driver with slower reactions. I

        • On July 2, 2016 at 6:03 pm,
          Markedtofuture says:

          CFS being judgemental is fine for some. Medical cannabis will help solve the oxycodone – pain killer epidemic in the U.S. There are too many folks that suffer from chronic pain and seizures that can greatly benefit from it.


          TRTC… Terra Tech Corp is a vertically integrated cannabis-focused agriculture company. We’re pioneering the future by integrating the best of the natural world with technology to create sustainable solutions for medical cannabis production, extraction and distribution, plant science research and development, food production and Closed Environment Agriculture (CEA). Through this development, we have created relevant brands in both the cannabis and agriculture industries.

          Ann’s Cannabix Tech. Inc.BLOZF. BLO- cdnx is developing tools for law enforcement and the workplace to detect THC in breath.

          Stoned drivers are a lot safer than drunk ones, new federal data show

          A new study from the National Highway Traffic Safety Administration finds that drivers who use marijuana are at a significantly lower risk for a crash than drivers who use alcohol. And after adjusting for age, gender, race and alcohol use, drivers who tested positive for marijuana were no more likely to crash than who had not used any drugs or alcohol prior to driving. Washinton Post

        • On July 3, 2016 at 4:25 pm,
          GH says:

          Good point on the THC, CFS. Cannabis bred for high CBD has amazing medicinal properties: anti-anxiety, anti-inflammatory, and protects the liver. I gather there are also anti-cancer properties, but haven’t looked into it yet.

          One can get these benefits without the high and paranoia of the THC, with properly bred plants.

          • On July 3, 2016 at 8:35 pm,
            CFS says:

            IBut on the California November ballot is a provision for recreational use, and that is my problem….you know it will be used to get high.

          • On July 4, 2016 at 11:20 am,
            GH says:

            True enough, but people will put themselves into an altered state if they want to, one way or another. The war on drugs is a farce for multiple reasons:

            1) the cure is often worse than the disease–I can see incarcerating people for manufacturing things like crystal meth, but a plant that is clearly less harmful than alcohol is another story;

            2) the high authorities (I’m not necessarily talking about the police or DEA officer in the thick of it, though clearly there is corruption there as well) are obviously not serious about the war on drugs, or the bankers laundering the money would be quickly arrested. I understand the Bushes put the kibosh on an investigation into money laundering in Florida. And then there was the case with HSBS where they were caught red-handed and no one went to prison.

            The problem with substance abuse in the US or anywhere (versus, say, an occasional partaking) is indicative of deeper social/cultural problems, not the need for a police state.

          • On July 4, 2016 at 11:21 am,
            GH says:

            HSBC 🙂

  7. On July 2, 2016 at 8:03 am,
    CFS says:

    I agree Pardu, but power corrupts.
    Part of the problem is that the majority of politicians are attorneys and even Shakepeare commented on the lack of morals and excessive greed often displayed by lawyers.

    • On July 2, 2016 at 8:26 am,
      Dai Uy says:

      Greedy lawyers need greedy clients.

    • On July 2, 2016 at 8:48 am,
      Wayne says:

      Power doesn’t corrupt. God Almighty has all the power and He is holy. No, my friend, man is born corrupt. It wasn’t so in the beginning, but it is now. Corruption started with disobedience to the Creator. False premises usually lead to false conclusions.

      • On July 2, 2016 at 8:51 am,
        CFS says:

        Wayne, I pity you.

        • On July 2, 2016 at 9:00 am,
          Wayne says:

          Can a dead and purposeless atom express pity? How about two? How many does it take? Evidently, you have enough and they are properly arranged. Thanks for trying.

          • On July 2, 2016 at 10:47 am,
            B says:

            That was funny cfs.

            Wayne, how can you be sure an atom is dead?
            Does your god create dead things?

          • On July 2, 2016 at 11:26 am,
            Jay Linn says:

            Our conception of atom is very dead because we see it in materialistic terms.

          • On July 2, 2016 at 1:25 pm,
            Wayne says:

            My God can do anything. He made atoms, atoms are dead, therefore, he made dead things.

        • On July 2, 2016 at 1:19 pm,
          Wayne says:

          B, the atom is self-evidently dead, therefore, the burden of proof is on you. How can you be sure an atom is not dead?

          This ought to be entertaining.

          • On July 2, 2016 at 3:31 pm,
            B says:

            lol Wayne, logical, like god can create a rock so big he cant pick it up.
            but, he can do anything.

            All things are made of atoms Wayne, last I heard anyway.
            A group of atoms might be …say a bird, are they dead adams (well, some could be named fred) that make a living Bird?
            For further research of the creation of atoms their meaning, use, etc, check the budha stuff.

          • On July 2, 2016 at 5:27 pm,
            Wayne says:

            B, you are sadly mistaken. God can do anything, but your “rock so big he can’t pick it up” isn’t a thing. It’s nonsense, like a round square or a square circle. First law of logic: A can’t be A and not-A at the same time and in the same relationship.

          • On July 3, 2016 at 6:28 pm,
            Bentnail says:


            For the record, the “rock that God cannot lift” argument is one of the weakest ones out there. let’s not forget that God is also omniscient (all-knowing) and that He would immediately know that it would be foolish to create a rock that He is unable to lift and so He would never do such a ridiculous thing.

        • On July 2, 2016 at 1:31 pm,
          Wayne says:
      • On July 3, 2016 at 2:21 pm,
        Marty says:

        Man since Adam has been living in a fallen, rebellious state. Pretty easy to see it in a 2 year old test his parents.

      • On July 3, 2016 at 6:20 pm,
        Bentnail says:


        Another great post – thank you.

  8. On July 2, 2016 at 8:05 am,
    Ann says:

    Cannabix Tech. Inc. BLOZF. BLO- cdnx

    • On July 2, 2016 at 9:13 am,
      Brian says:

      Thanks Ann !

      • On July 2, 2016 at 10:23 am,
        Markedtofuture says:

        Ann…ditto on Brian’s comment.

    • On July 2, 2016 at 2:32 pm,
      james says:

      Ann ! You realy beck Cannabix ?

  9. On July 2, 2016 at 8:09 am,
    Dennis M. O'Neil says:

    On the issue of freedom from 2013
    On July 6, 2013 at 8:58 am,
    Dennis M. O’Neil says:
    Al’s comment disguised as a question is one of those areas where the rubber hits the road.
    Al said:
    “I find it interesting that people who live in our country…really…..unfortunately a very large number of people who live in our country don’t really understand the total environment that they are living in! They understand their street that they live on. They understand the job that they go to everyday. But I don’t think they really understand some of the issues that we have been dealing with on the program this weekend. In terms of the negative aspects of big government. In terms of the negative aspects that are not reported in the daily press.”

    It is a lack of understanding by design!
    We live in a synthetic environment.
    We live in a hologram of greatness.
    We have illusory freedoms accompanied by a mind melting media telling us we are free and great.
    We live in a synthetic world where star witness can speak cursively but not read cursive.
    We live in a synthetic world of reality TV peepshows into semi-scripted debauched lives passing itself off as entertainment.
    We live in a synthetic world where critical thinkers are ostracized Ebenezer Scrooges because we attempt to see beyond the artifice.
    We live in a synthetic world which requires a synthetic measure of wealth in order for it to exist.
    A lot of media time and effort has been invested to create the perceptions which prevail in the focus of media mind melt economic illiterate zombies.
    You can say the large number of which Al refers to exist in economic illiteracy. Economic ignorance is their domesticating corral. Their mind numb is their harness. Their lack of curiosity is their blinders and their reins.
    Those who accept domestication are oblivious that they are even in a corral. Some see the large number of domesticated media mind melted numb from a different perspective. Although those select few may live in a similar environment……. at least mentally they are the equivalent of a wild mustang running free looking at the masses enclosed behind the split rail.

    • On July 2, 2016 at 11:38 am,
      Big Al says:

      Great comment. Thank you Dennis.

  10. On July 2, 2016 at 8:35 am,
    Chartster says:

    Interesting comments from the contributors on this Independence weekend show. For many years ( for me ) it’s been hard to celebrate Independece Day to its “true” intentions. I celebrate it as ” independent thinking “.

    I agree with Jeff Deist about re-writing the history books. As knowing the true history of our country will bring back a ” true Republic “.

    Happy Independence Day!!

    • On July 2, 2016 at 1:45 pm,
      irishtony says:

      Happy Slavery Day.

  11. On July 2, 2016 at 8:44 am,
    Wayne says:

    We need to declare our independence from DC. But . . . let’s start with getting out of the United Nations. Why? Sovereignty! Check it out:


    • On July 2, 2016 at 9:00 am,
      CFS says:

      What is your opinion, Wayne, of the UN influence stopping the US’s encouragement of insurgency in the Ukrains from developing into World War III.

      The UN may be slanted by Marxist-leaning third would countries, but it and NATO often are the last line between peace and war.

      • On July 2, 2016 at 9:15 am,
        Wayne says:

        You mean we support with billions of dollars annually an organization (UN) that is working to discourage us from carrying out our plans (evil or not)? How can a kingdom stand when it is divided against itself?

      • On July 2, 2016 at 10:15 am,
        Wayne says:

        Is this how Dr. Lovewisdom celebrates independence, by standing with The Big Zero and global bureaucrats against national sovereignty?

  12. On July 2, 2016 at 9:09 am,
    Paul L says:

    Gold is now about $163 above the 200 day moving average and I don’t know how much more it can go during this period when demand is supposed to be slowing down but for some reason Brexit has created a lot of demand even though the markets have written off the risk and headed to new highs. In September it may rally into the 1400’s after a correction.

  13. On July 2, 2016 at 9:17 am,
    Matthew says:

    Good comments and sound advice from Bill Fleckenstein:


    • On July 2, 2016 at 1:43 pm,
      Jerryck says:

      Yes it was. For most it’s best to let your positions run. Try and get cute and you’ll lose your position.

    • On July 2, 2016 at 3:13 pm,
      Brian says:

      I encourage everyone to take 15 minutes and listen. I know that KWN is NOT everyone’s favorite source for non-biased PM analysis, But Mr. Fleckenstein’s insights are worth listening to, and of course, thinking about.

      My takeaway was simple: If you bought PM miners and they are up a LOT (100+%) AND you believe gold and silver are going higher in the long-term, why would you sell core positions?

      Also … Mr. F is VERY clear about the specific companies you INVEST in (he picked CDE as a negative, which actually surprised me). At some point, as an investor, you will need to re-evalaute each company, on a regular basis, based on FUNDAMENTALS. The charts since January have been eye-popping; now is the time to consider which companies are going to do well in the long-haul.


      • On July 3, 2016 at 2:33 pm,
        Marty says:

        CDE had been a terribly run company this decade despite its run up this year. Remember, CDE had a reverse split several years back, and for an established company was down some 95%; that spells poor management.

    • On July 3, 2016 at 2:26 pm,
      Marty says:

      Matthew, these next 48 hours are going to be very curious concerning the PMs. Sooner rather than later the shorts will have margin calls and have to cover. May see a repeat or better this week in Au/Ag.

  14. On July 2, 2016 at 10:07 am,
    PastExpiryDotCom says:

    Yes…. free speech. Except on Facebook.

  15. On July 2, 2016 at 10:24 am,
    Ebolan says:

    No offense and not trying to be rude but the vast majority of the American people are nothing but brainwashed sheep.

    They allow their rulers to run up ruinous debt, put in confiscatory taxation, micromanage their lives and demolish their privacy and liberty. (Just type in asset forfeiture into your search engine for one tiny example.)

    Big Al believes in the goodness of the American people? The vast majority of the American people are despicable for allowing this to happen to their country.

    • On July 2, 2016 at 11:01 am,
      B says:

      People just dont care Ebolan. in general.
      We know that.

      Heck, Hiloray, a potential leader, stated it was worth killing 500k children.
      How much morality is there?
      The people cheer her.

      Big Al is just plain wrong.
      As a group or nation of people.
      Individually, sure there is some good.
      But I doubt even the “good” ones give a darn about anyone elses kids other than their own.
      Just human nature probly, or maybe “good” is misunderstood.

      There is nothing anyone can do about it, maybe the empire crashes and burns, maybe AI takes over the place.

      Hawkings says there is a possibility that AI could eventually determine there really is no use for people.
      We are definately smart enough to create something like that. lol

      • On July 2, 2016 at 11:09 am,
        Ebolan says:

        Yup, the more I’m around people the more I like my dog. And I don’t even have a dog. 🙂

      • On July 3, 2016 at 1:12 am,
        Archdeacon (!) Andrew says:

        B and Ebolan – yes I agree. I took the funeral of a good friend of mine last Friday. In many ways M was a very decent guy but it was inappropriate to draw attention to his flaws. But he had them and we all knew he had them!
        Or if I go to visit a guy in prison serving a 26 year sentence for a crime he didn’t commit, does that make me a good person? Not in terms of so many more in prison who are unjustly accused. It was Cardinal Heenan who said come the day we die there will always be some folk who are relieved that we’ve gone!
        Can’t do right for doing wrong goes the old proverb.
        Thing is I hope when our time comes we’ll have enough pluses on the ledger to pass muster upstairs!!

    • On July 2, 2016 at 11:42 am,
      Big Al says:


      I need to make myself clearer. I am talking about the 53 percent and not the 57 percent.

      • On July 2, 2016 at 11:43 am,
        Big Al says:

        I mean not 57 but 47!

    • On July 2, 2016 at 2:15 pm,
      Chartster says:

      It’s not that the people are bad or stupid. It’s that they have been barraged with disinformation and brainwashed so long, it’s hard for them to conceive the level and gravity of the diabolical activity. They can’t handle the truth.

      Most people that scoff it off as conspiracy theory are the most brainwashed and can’t see the truth, even when slapped in the chops with it.
      ( sad but true )

      The good news is, many are awakening out of the trance. 🤔
      The pendulum WILL swing! Guaranteed

      • On July 2, 2016 at 3:35 pm,
        B says:

        I hope your right Chartster.
        The question tho is how much time do we have for it to happen.

        • On July 2, 2016 at 3:50 pm,
          Chartster says:

          B, Its happening right in front of our eyes.

          • On July 2, 2016 at 6:21 pm,
            Markedtofuture says:

            The good news is, many are awakening out of the trance. 🤔
            The pendulum WILL swing! Guaranteed

            4th of July Zombies – Americans Don’t Know Why We Celebrate Fourth of July!


          • On July 3, 2016 at 12:24 pm,
            CFS says:

            See my comments towards the end of this commentary if/when they come out of moderation
            About the true history …

      • On July 2, 2016 at 10:34 pm,
        Ebolan says:

        Any people that allow their government to run up ruinous debt, impose confiscatory taxation, trash the Constitution and even allow gooberment agents (TSA) to feel up and porno scan their children and then turn around and vote back in the same politicians responsible for all this are a people to be despised.

    • On July 3, 2016 at 6:36 am,
      Wayne says:

      Public education = gubmint skools = gubmint for dummies.

  16. On July 2, 2016 at 10:28 am,
    Pete says:
  17. On July 2, 2016 at 10:31 am,
    FranSix says:

    Since people have been wondering how long it can last, the rally in gold prices may resume along trends noted in gold price during the bull market before the correction up to 2011. Keep in mind this is an old article:


    • On July 2, 2016 at 2:02 pm,
      Brian says:

      I really appreciate your posts, FranSix !

  18. On July 2, 2016 at 10:49 am,
    Ebolan says:

    Big Al, the only reasons the little people have limited free speech is because they are brainwashed and for those who aren’t, what they say doesn’t add up to jack squat.

    • On July 2, 2016 at 11:44 am,
      Big Al says:

      Agreed Eddie.

  19. On July 2, 2016 at 10:56 am,
    Dennis M. O'Neil says:

    Americans are not brainwashed!
    They are just products of dumbed down indoctrination.
    Are you proud to be an American?
    Watch this:

    • On July 2, 2016 at 11:02 am,
      Ebolan says:

      Americans are more brainwashed then the people of the Soviet Union. At least they knew that their system was a nasty joke and let it collapse.

    • On July 2, 2016 at 11:07 am,
      Dennis M. O'Neil says:

      More quality members of the dumbed down American electorate demonstrating their mastery of the concept of Independence Day……:

    • On July 2, 2016 at 5:50 pm,
      Wayne says:

      Have you seen the one where Mark Dice is giving away a silver bar and a chocolate bar, one or the other, your choice? Nobody wants the silver. Everybody wants the chocolate. Pathetic!

      • On July 3, 2016 at 7:49 am,
        Archdeacon (!) Andrew says:

        Yep seen it Wayne.

    • On July 2, 2016 at 5:53 pm,
      Wayne says:

      My favorite Mark Dice: “In what century did Lee Harvey Oswald shoot Jesus?”


  20. On July 2, 2016 at 11:00 am,
    Pete says:

    Sprott´s thoughts on Auryn Resources.


    • On July 2, 2016 at 11:37 am,
      Archdeacon (!) Andrew says:

      Thanks for the post Pete. Auryn’s a great company – I’ve already more than doubled my holdings. It’s always interesting to hear the CEO’s with their particular insights and MOs.

      • On July 2, 2016 at 11:44 am,
        Pete says:

        Yes,i like Auryn too,thanks Andrew.

    • On July 2, 2016 at 11:42 am,
      CFS says:

      Thanks, pete

      • On July 2, 2016 at 11:47 am,
        Pete says:

        Thank you,CFS

  21. On July 2, 2016 at 11:15 am,
    Dick Tracy says:

    What did Bill Clinton have on Loretta Lynch when he met her on the tarmac to discuss his grandchildren, you don’t bargain from a position of weakness only strength. DT

    • On July 2, 2016 at 11:41 am,
      Archdeacon (!) Andrew says:

      Not quite sure about that DT. What’s to say that Loretta’s not become Obama’s new attack dog? Nor should we forget the widely anticipated U.S. crisis arriving later this year to necessitate that Obama remain in office?!

  22. On July 2, 2016 at 12:40 pm,
    pardu says:

    In reading the give and take on this site, I appreciate the honest opinions that are shared, regardless of whether those opinions are shared by me or not. I always find it instructive to listen to the wisdom of others, as it helps me solidify my own perspective. I especially enjoy the give and take when it is done respectfully and without contention. Such an approach to conversation only invites productive and enlightening discourse. Thanks for all that Big Al and friends do to provide such opportunities.

  23. On July 2, 2016 at 1:06 pm,
    CFS says:

    Srsrocco report says once silver goes above $20.50 it could take off.
    I find for silver:
    Price Support Pivot Point Resistance
    19.7590 18.2663 19.4453 20.6243
    Looks like we might see $20.62!

    Price Support Pivot Point Resistance
    1,340.90 1,311.70 1,335.30 1,358.90

  24. On July 2, 2016 at 1:12 pm,
    Ronny says:

    Hey Big Al

    Was wondering if you still hold AGC? The company looks severely undervalued. In 2011 they released a PFS and the AISC was just $524 an oz. Now the company is about to release an updated PFS and updated resource estimate. Since the last PFS the Brazilian currency has crashed and is now trading at half the value as it was in 2011. The company has also decided to rent their mining equipment instead of buying it. They will include the new resource estimate and they have also redesigned the pit wall. All of which should help in reducing capex. This will be one of the lowest cost producers out there. With several majors surrounding them they could easily get gobbled up in an M & A.

  25. On July 2, 2016 at 1:37 pm,
    CFS says:

    I t should like shooting fish in a barrel as Mr. Moriarty often says, to pick good stocks at this point!
    Using technical analysis, because of the large jump on Friday a number of stocks went from support right past a pivot point and stand between the pivot point and the first resistance level. It seems logical that the resistance level will now be tried, i.e. the stock should rise.
    e.g. PPP, Primero mining was an outstanding performer on Friday.
    Now it is :

    Price Support Pivot Point Resistance
    2.44 2.03 2.34 2.65
    With the price above the pivot it should go to resistance.

    This is just one example, not investment advice, among many mining stocks.
    I was almost 100% invested already, but I have never seen such positive analysis results.
    Of course, support, pivot, resistance technical analysis does not mathematically include volume and momentum data, and here we have indications of problems with the speed of the rise being too fast, resulting in a large number of over-bought status for stocks; especially silver stocks.

  26. On July 2, 2016 at 4:00 pm,
    Dennis M. O'Neil says:

    I saw this on CBS Nightly news.
    It is worth checking out in the spirit of July 4th:

  27. On July 2, 2016 at 4:02 pm,
    Matthew says:

    AXU finished the week up 39% (+760% since the January 19th low)…


    • On July 2, 2016 at 4:07 pm,
      Matthew says:

      On that seemingly fateful day:

      On January 19, 2016 at 12:02 pm,
      Matthew says:
      I had an order filled for AXU as it plunged a few minutes ago. It now has a short sale restriction (SSR).
      Had a few other orders filled, too.

      • On July 2, 2016 at 9:15 pm,
        Brian says:

        Oh. Yes. I bought that day too 😉

    • On July 2, 2016 at 4:38 pm,
      CFS says:

      For AXU

      Price Support Pivot Point Resistance
      1.88 1.63 1.82 2.01
      Looking good

      • On July 2, 2016 at 4:40 pm,
        CFS says:

        The only worry is RSI

        • On July 2, 2016 at 4:57 pm,
          CFS says:

          Being a component in SILJ helps.

          • On July 2, 2016 at 9:21 pm,
            Brian says:

            You want to look for the new, smaller companies of SILJ for investment opportunities.

  28. On July 2, 2016 at 4:22 pm,
    james says:

    Pope AL ! You’re Independents Day ! https://www.youtube.com/watch?v=KUvVhWqXiWo

  29. On July 2, 2016 at 4:39 pm,
    Matthew says:

    It took awhile but it finally happened…

    On January 26, 2016 at 4:54 pm,
    Matthew says:
    It’s a long way up (about 25%) but silver needs to join gold above its 600 week moving averages (simple and exponential).


    • On July 2, 2016 at 4:45 pm,
      CFS says:

      Slow is better I the long run!

      • On July 2, 2016 at 5:00 pm,
        Matthew says:

        I agree; let’s keep the fast action in the miners not the metals.

        One of my favorites is now ready to blast higher…


        • On July 2, 2016 at 10:49 pm,
          Skeeta says:

          You’ve made some gutsy at the times, but nice calls Matthew.
          Congrats !
          Many of your gains are a double or more than my own so far (not that I’m complaining).
          Well done.

          • On July 3, 2016 at 8:08 am,
            Matthew says:

            Thanks Skeeta.

        • On July 3, 2016 at 2:38 pm,
          Marty says:

          Great call Matthew.

          • On July 3, 2016 at 5:26 pm,
            Matthew says:

            Thanks Marty.

  30. On July 2, 2016 at 5:30 pm,
    CFS says:


    Price Support Pivot Point Resistance
    0.780 0.680 0.760 0.840

    • On July 2, 2016 at 5:37 pm,
      CFS says:

      Here’s a SeekingAlpha article 2.5 months old:

      This Silver Stock Will Impact Your Portfolio Greatly
      Apr.11.16 | About: IMPACT Silver (ISVLF)
      John Manfreda John ManfredaFollow(456 followers)
      Long/short equity, value, growth, contrarian
      Send Message

      Impact Silver has a good balance sheet, but I wish they would disclose costs and reserves more easily.

      Impact Silver has good finances, forward guidance and management.

      Impact should do well in this upcoming precious metals bull market, but not till the middle or latter part can it shine.

      Since my last article, I have gotten two more company requests to profile. So, this article will be about a company called Impact Silver (OTCPK:ISVLF), and I have to say this company does look intriguing, but it is a speculative company.

      When it comes to valuation, this company’s EV/EBITDA ratio stands at roughly 11. That is at a higher range then I would like to see, but its price to book value is calculated to be .57, and its book value per share price is calculated to be $0.55 per share, while currently its stock price is trading at a price of $0.31-.32 per share. So in terms of current valuation, its book value valuation is great, but its other ones are a little high.

      In terms of its assets, currently, it has four producing mines. The mines are its San Ramone mine, its Noche Buena Mine, its Cuchara-Oscar mine, and its Capire mine. According to drill hole results, and conference calls, these mines are of a higher grade quality, but my problem with their reporting is that they haven’t giving a resource report, of at least total reserves available, which should be disclosed using the measured and indicated (M&I) metric at the very least. Preferably I would like to see companies disclose their resources on a proven and probable (2P) estimate basis, but I can live with an M&I basis.

      In terms of its assets, most of its exploration budget will be derived towards its San Ramone mine, with a little bit of the work derived towards its higher grade Mirasol mine. In terms of their projects production costs, based on the company’s financials (which I will dive into later), I am guessing their costs are roughly $12-14 dollars per ounce at an all in sustaining measure. To give you an idea of the mines grades, click here, and then go to page 25 of its corporate presentation, and they do disclose their recent drill hole results. That will give you an idea of the company’s grades. Based on their drill hole results, I would say they have overall grades of the assets are, but nothing salivating.

      In terms of the company’s financials, their balance sheet appears to be good, but not great. Its current ratio stands at roughly 1.99, which is pretty good, but only contains $717,369 of cash in the treasury. Its total assets to total liabilities ratio stands at 6.6, with no long term debt on its balance sheet. In terms of its balance sheet, I would like to see more cash, but I would say it’s a strong balance sheet.

      In terms of its net income, I would say it is in much better shape then what the bottom line suggests. In terms of the company’s net income, its bottom line posted a loss of $(1,427,838). But it had some non-cash charges to its net income that needs to be taken into consideration when evaluating the company. The main write-down I am referring to is its amortization and depletion write-down. That write-down equated to an amount of $2,107,807 dollars. If you add this back, you can see that their operations are still profitable. This conclusion is also supported by its cash flow analysis.

      In terms of the company’s cash flow, I calculated it to be positive at $146,616 dollars of free cash flow. So one can tell from its cash flow statement, their operations are just about profitable, at least in my opinion that’s what it seems like.

      • On July 2, 2016 at 5:40 pm,
        Matthew says:

        Thanks, I don’t think I read that.

      • On July 2, 2016 at 5:46 pm,
        Matthew says:

        Re: “Impact should do well in this upcoming precious metals bull market, but not till the middle or latter part can it shine.”

        Maybe I’m just easy to please but it’s been shining all year in my book. As of the date on the article, IPT was 4.5x off its 1/26 low. 😮

    • On July 2, 2016 at 5:39 pm,
      Matthew says:

      I believe IPT is about to tackle MA resistance in the .90s and get through it…


      • On July 2, 2016 at 5:45 pm,
        CFS says:

        I’m not sure it has momentum yet to get past C$0.84, but we’ll find out.

        • On July 2, 2016 at 5:48 pm,
          Matthew says:

          I’ll stick my neck out and say that it will pass .84 on Monday.

        • On July 2, 2016 at 5:49 pm,
          CFS says:

          My last comment was based on relative volume analysis.

          • On July 2, 2016 at 6:03 pm,
            Matthew says:

            I’m a fan of volume analysis.

  31. On July 2, 2016 at 6:08 pm,
    Matthew says:

    IPT is my favorite silver explorer/growth play but USA is my favorite junior producer. With operations in Idaho and Mexico, I consider it a “senior junior” from a risk standpoint.


    I bought back a lot of shares into recent weakness.

    • On July 2, 2016 at 6:21 pm,
      CFS says:

      I liked Scorpio


      Price Support Pivot Point Resistance
      0.3150 0.2763 0.3073 0.3383

    • On July 2, 2016 at 9:19 pm,
      Brian says:

      AXU, IPT, USA: The 3 silver sisters

      And the two cousins: Avino, Excellon

  32. On July 2, 2016 at 10:30 pm,
    Ebolan says:

    How about we get some independence from the thugs at the TSA? Just a thought.

    TSA Sued For Beating Deaf, Partially Blind Teen Recovering from Brain Surgery
    Disabled girl spends night in jail after being bloodied by TSA agents


  33. On July 2, 2016 at 10:35 pm,
    Dennis M. O'Neil says:


    Well worth a read… especially if you are in the car market:


  34. On July 3, 2016 at 12:07 am,
    Dennis M. O'Neil says:


    How many Disney movies can you think of that open up with an exploration into the nature of money?
    I can only think of one. Not quite as in depth as “Atlas Shrugged” but a curious beginning to a Disney movie. It is as if there was no better way to start the picture.
    Old Yeller was not Travis’ first dog.
    Travis’ favored first dog Bell was bit by a rattler.
    Just after the Civil War Bell was bitten by the head of a rattler “Papa” had separated from its writhing body with a scythe. The favored Bell did not make it.
    Was the name of the felled favored first dog an accident?
    The young America’s hard fought for Liberty was symbolized by a cracked Bell.
    The Civil War had killed the country’s innocence causing it to mourn as Travis mourned his favored dog. Then Old Yeller burst onto to the scene calling for the love of a dog and/or liberty once again.
    It is difficult not to compare Travis’ dogs with America’s healing and struggle for liberty.
    Travis was given the chance to name the newly arrived stray.
    He could have just as easily called him Ishmael.
    On a basic level Old Yeller is a kid’s story of adventure on the frontier.
    But the author of both the book and the screenplay delved into deeper levels of concern even though very simply put.
    Below is dialogue from the movie’s opening scene, to wit:
    Arliss: “What’s pop gonna sell our steers for?”
    Travis: “For money of course!”
    Arliss: “What’s money?”
    Travis: “It’s what you buy things with.”
    Arliss: “What do you mean buy things?”
    Travis: “Well you got money ya give it ta people for stuff. They say you can get anything for money.”
    Arliss: “Anything!!!!!! What’s it look like?”
    Travis: “I never seen but one piece…a dollar bill Papa had. Its paper”
    Arliss: “What did Papa get for this dollar?”
    Travis: “Nothing it was no good.”
    Arliss: “But you just said you could get anything with money!”
    Travis: “Well you can..Papa’s was Confederate.”
    Arliss: “What’s Confederate money?”
    Travis: “Confederate money…well…..it’s……..
    Arliss: “ Well!?????”
    Travis: “Don’t you ever run out of questions!”

    Maybe we should be more like Arliss and ask more questions about the nature of money.

  35. On July 3, 2016 at 7:15 am,
    CFS says:
  36. On July 3, 2016 at 7:25 am,
    Chartster says:

    That’s funny, Dennis. When you ask the question to someone, ” do you want more money? They reply, Yes! When you ask them, ” do you know how money is created? They say, No! Would you like to know? They say, No!

    9 out of 10 want to remain stupid. And there lies the problem..

  37. On July 3, 2016 at 7:27 am,
    CFS says:

    Excellon, EXN.TO:

    Support & Resistance
    2nd Resistance Point 1.32

    1st Resistance Point 1.28

    Last Price 1.23

    First support. 1.20

    Second support 1.16

  38. On July 3, 2016 at 7:32 am,
    CFS says:


    Support & Resistance
    2nd Resistance Point 2.77

    1st Resistance Point 2.70

    Last Price 2.64

    1st Support Level 2.56

    2nd Support Level 2.49

  39. On July 3, 2016 at 8:23 am,
    Chartster says:
    • On July 3, 2016 at 11:15 am,
      CFS says:

      Buffet has called derivatives weapons of mass destruction.
      Bob Moriarty has warned many times that derivatives will collapse the system.

      The BIS totals derivatives at $500Trillion. (Within a factor of 2)

      Deuschebank and JPMorgan, the banks with highest derivative exposure, as far as I can evalidate, indicate that 78% of their derivatives are interest rate swaps derivatives.

      Now, I can announce another reason WHY INTEREST RATES CANNOT GO UP.
      Other the fact that any significant rise in interest rates will increase national deficits, any increase in interest rates WILL BANKRUPT major banks with derivative exposure.

      Interest rates will not go up…….the system will collapse, the question is when!

      • On July 3, 2016 at 11:54 am,
        Birdman says:

        Sounds to me like a whole lot of trades will never be paid. It is just mathematically impossible if the majority are bets on one side of the rate change. So yeah, either it blows up the system or money itself becomes meaningless since such amounts cannot reasonably be created by any (or all) of the banks that manufactured the derivatives in the first place.

        • On July 3, 2016 at 12:11 pm,
          CFS says:

          The truly amazing thing is that regulation was allowed so that banks were allowed to pocket a fee, but had to make no addition to reserves to account for potential losses.
          We would never had gotten in this mess if politicians were not economics illiterates.

          • On July 3, 2016 at 12:45 pm,
            Birdman says:

            So basically it was all designed intentionally by some genius to blow up the system and create mayhem while shifting real wealth into the hands of those who knew better all along. Very clever. Maybe I should become a gold bug after all and give up my negativity on the topic.

  40. On July 3, 2016 at 11:19 am,
    CFS says:
    • On July 3, 2016 at 11:37 am,
      Robert Moriarty says:

      Even though not a penny has changed hands as a direct result of Brexit, it will be seen in hindsight as being the straw that broke the camel’s back. The system is so unstable that in the same way that iodine and ammonia make an incredibly sensitive explosive called Nitrogen trioxide, a mere touch can set it off.

      If the Italian banks go then they will take Deutsche Bank down. DB has $65-$75 trillion in derivatives. When DB goes, the whole system goes in a week. Anything at all could set if off. All banks will go under.

      Banks are in the business of lending long and borrowing short. In a crisis, any bank can be taken down by depositors demanding their money no matter how financially stable they are before the run. It’s not a good time to keep money in a bank.

      • On July 3, 2016 at 12:01 pm,
        Birdman says:

        Imagine the share prices of banks on the day that happens though. Baby out with the bath water time. All financials will be selling like penny stocks. If that’s not a good reason to cash in a couple ounces of gold and buy up the banks then what is?….because in a real crisis most will be selling well below asset value.

        Or not. I suppose they could all bankrupt. Does anybody really know what will happen when the day comes?

      • On July 3, 2016 at 12:06 pm,
        CFS says:

        Bob, ain’t that the truth!

      • On July 3, 2016 at 12:40 pm,
        Ronny says:

        I agree with you Robert it’s going to be a bank that goes. I have a gut feeling it’s coming soon. I don’t think Trump or Hilary are going to start in office without the market crashing first. I think those in power will make sure of that. Just like 2008 markets crashed and Obama came to save the day. BANK, ELECTION YEAR, 8 YEAR CYCLE, 2000, 2008, 2016. We could be in for a wild 2nd half. As we get closer to the election I think the markets will get rocked.

        • On July 3, 2016 at 5:03 pm,
          RICHARD (DOC) says:

          I agree with you, Ronny; they’ll try to cut and paste it and keep it together until the election. We almost always see a downturn start just before a major election.

  41. On July 3, 2016 at 12:08 pm,
    Robert Moriarty says:

    Businesses go bankrupt all the time. There will always be a demand for banking services and someone will step in and fill the roll. With $583 in derivatives and over $200 trillion in debt world wide, “assets” are going to get real cheap. Most paper will disappear and that’s a good thing. The system is broken and won’t be fixed until it burns down.

  42. On July 3, 2016 at 12:09 pm,
    Robert Moriarty says:

    Role and $583 trillion in derivatives

    • On July 3, 2016 at 12:27 pm,
      CFS says:

      Did you know the BIS has used accounting tricks now to undercount the derivative problem?….hence my factor of 2 comment.

      • On July 3, 2016 at 12:42 pm,
        Birdman says:

        Why would they even bother with such inconceivably large numbers?

      • On July 3, 2016 at 5:04 pm,
        GH says:

        5+ years ago it was revised downward from somewhere in the neighborhood of 1.15 quadrillion to 600 trillion if memory serves (according to Jim Sinclair).

      • On July 3, 2016 at 7:33 pm,
        JMiller says:

        CFS and GH,

        You are mistaken. The BIS did not cut in half the total notional amount of the global derivatives back in 2011 as a certain person with the name JS Kim said in an interview with STGReport yesterday. I went back and checked the actual past reports from the BIS and it was around $600-700 trillion in 2008, 2009 and 2010. They never reported that it was $1.2 quadrillion as JS Kim claims. The people who are saying that there are $1.2 or even $1.5 quadrillion in global derivatives are double-counting. What they are doing is making the mistake by counting each derivatives contact twice, once for each counterparty, therefore doubling the actual total amount. A number of websites, including ALT media sites, say that there are about $600 or $700 trillion in derivatives also.

        • On July 4, 2016 at 7:12 am,
          Robert Moriarty says:


          You have it exactly correct. The BIS has never used a figure of 1200 or 1300 trillion. I just looked at the numbers at the BIS and they show $492 trillion notional value as of H2 2015. And it’s interesting to note that gold derivatives are 1% of interest rate derivatives.

        • On July 4, 2016 at 11:27 am,
          GH says:

          Thanks JMiller. As I said, this came from JSMineset quite a number of years ago. Either way, it’s a mind-boggling number to me.

  43. On July 3, 2016 at 12:31 pm,
    CFS says:

    Of course businesses go bankrupt everyday, but since banks going bankrupt will also take with them most of the “supposedly-stored” savings of corporations and citizens, the damage to the system is a mortal wound.

    • On July 3, 2016 at 12:41 pm,
      Birdman says:

      Well that’s where all the new money will come from CFS. When everyone is screaming bloody murder that their bank went bust the CB’s will just gin up trillions as new loans to cover the insurance losses on all the damage and Voila everything is fixed again and the system is instantly liquid.

      See….we need another crisis to get the printing presses rolling and get some fresh minted cheques into the hands of those who lost big time. Like pension funds, insurance companies, insured deposits, crashed banks, Chinese steel companies etc etc.

      And then comes a hyperinflationary super nova to cheer up the gold people.

      • On July 3, 2016 at 1:23 pm,
        CFS says:

        Not so easy, Birdman.
        There is negligible insurance reserve and writing off trillions in bond debt does not happen peacefully.

        • On July 3, 2016 at 1:39 pm,
          Birdman says:

          That’s what I am talking about. Money needs to be created to top the reserve up when an emergency hits. Last time around it was the banks themselves that got the liquidity hit but next time it will be the deposit insurance that is found wanting and needs a transfusion of cash. Between fixing that and the busted pension plans we should almost have enough to create the next recovery since its more debt that is needed to make the wheels go round. Basically…..this is the helicopter money scenario. It just lands in a different place than last time but its more effective because in this case it goes directly into the pockets of individuals. What else would we call pension payments anyway when the system is already bankrupt if not a helicopter drop on a quarter of the population?

        • On July 3, 2016 at 1:43 pm,
          Birdman says:

          Kind of makes you wonder if bankrupting the social security system was part of the plan all along and not just an error in calculations. And anyway….if you needed to generate some inflation what better program to lavish attention on? Like killing two birds with one stone.

    • On July 3, 2016 at 1:52 pm,
      Robert Moriarty says:

      CFS: It’s happened before in history and no doubt will happen again. We will get through it and whatever is on the other side will be better. When you have a totally dysfunctional system, admit it, burn it down and start over with rules that make sense. The EU needs 31laws for toothbrushes, 454 for towels and 12, 653 for milk.

      • On July 3, 2016 at 1:57 pm,
        Birdman says:

        12 thousand laws for milk? Is that even possible Bob or are we being BS’d by someone with an agenda? If I worked hard on it I don’t think I could come up with more than a few dozen such laws between the actual Cow and the Supermarket.

        You are just kidding around I hope.

        • On July 3, 2016 at 2:27 pm,
          CFS says:

          Minimum size of milking parlor per cow.
          Antibiotic residuals in milk, about ten laws there.
          Temperature and time of homogenization.
          What constitutes fat content in milk and labeling, several laws there.
          Size of bottles.
          Fabrication/shape of bottles, and packing, dozens of laws there.
          Temperature of storage, farm, shop, several laws there.
          Shelf life, for non-pasteurized, pasteurized and long-life milk. Several laws there, including rules for gamma irradiation.
          Laws for contaminants.
          Laws for distribution, import and export.
          Dairy farm subsidies laws.
          That’s just a start.

          • On July 3, 2016 at 2:34 pm,
            Birdman says:

            I have no problem with dozens of laws……but thousands? Is that for real? No wonder they can’t do business over there anymore.

        • On July 4, 2016 at 7:18 am,
          Robert Moriarty says:


          Actually not. You would have to skim through the movie but it gives the numbers and they are pretty revealing. 31 laws for toothbrushes, 47 for toothpaste, 172 for mirrors, shampoo 118, towels 454, bread 1246, toasters 52, milk 12,653


      • On July 3, 2016 at 2:13 pm,
        CFS says:

        Robert, clearly it was most sensible for the UK not to be in the EU.
        I was just talking to one of my ex-students who works in London banking.
        He says European banks are very concerned about the amount of shorting by hedge funds. He claims that American hedge funds are working together to bankrupt weaker EU Banks.
        He says that since Monday is not a holiday in Europe there will be a large coordinated attempt by banks to buy back shares and cause a short squeeze, mostly using money borrowed from the ECB at low interest.
        Tomorrow is going to be interesting.
        I wonder how many hedge funds closed out short positions for the holiday weekend and how many will be burned by their greediness.

      • On July 3, 2016 at 2:17 pm,
        CFS says:

        But do we have people with power that will put the common good above their own desires and ambitions?

        • On July 3, 2016 at 2:52 pm,
          irishtony says:


    • On July 4, 2016 at 7:14 am,
      Robert Moriarty says:

      CFS: If the paper has a giant loss such as a $500,000 mortgage on a $250,000 house, it will correct to its real value. The real value of US bonds is probably 25% and Greek Bonds 10%. We need a reset and that’s a good thing. Currently the world central banking system is playing high stakes poker with Monopoly money.

  44. On July 3, 2016 at 1:10 pm,
    irishtony says:
    • On July 3, 2016 at 1:19 pm,
      CFS says:

      I read that yesterday, Irish, but silver has an overbought problem, so I am doubtful if it will succeed at the first attempt. You know I’m a silver bull, but I try to keep my feet on the ground.
      I’m not predicting a pullback, but one would not upset me, even though I’m 100% in.

      • On July 3, 2016 at 7:00 pm,
        Dennis M. O'Neil says:

        The 20.50 level was just traded.

  45. On July 3, 2016 at 1:35 pm,
    irishtony says:

    CFS…I feel it in my bones , that a slap down will come on Tuesday, from London & the US.

  46. On July 3, 2016 at 4:19 pm,
    CFS says:

    Interesting that as markets open up down-under PMs are moving up in price.

  47. On July 3, 2016 at 5:02 pm,
    Markedtofuture says:

    A Former NYMEX Trader Explains “The Mechanics Of Silver Manipulation”


  48. On July 3, 2016 at 5:13 pm,
    Dennis M. O'Neil says:

    Silver trading over $20

  49. On July 3, 2016 at 5:19 pm,
    CFS says:
  50. On July 3, 2016 at 5:58 pm,
    CFS says:

    Sweden’s largest gold and silver dealer Tavex Guld & Valuta, whose bank accounts were suddenly closed Thursday evening without notice by Swedish bank SEB.
    This appears to be a way to go towards a cashless system and preemptively stopping a bypass technique of using gold or silver.

  51. On July 3, 2016 at 7:04 pm,
    CFS says:
    • On July 4, 2016 at 5:54 am,
      Marty says:

      Where Gary expresses , AVI dismisses. AVI, stand on your own basis, no one knows the full TRUTH in these demonic times we live in.

    • On July 4, 2016 at 7:32 am,
      Silverdollar says:

      JMO but I think there is a lot of logic in this posting. He pastes it all together with the charts. One of his best I think. I disagree with him on the conventional markets but the rest of his analysis seems pretty sound.

  52. On July 3, 2016 at 7:09 pm,
    Dennis M. O'Neil says:

    Ag up 5%

  53. On July 3, 2016 at 7:19 pm,
    CFS says:

    Pt,Pd, and Au all up more than $10, Ag almost +$1
    And all getting very close to resistance levels!

    • On July 3, 2016 at 7:22 pm,
      Dennis M. O'Neil says:

      The Gold/Silver ratio has compressed 4%….looks like someone is getting squeezed.

      • On July 3, 2016 at 7:26 pm,
        Dennis M. O'Neil says:

        Make it 5% with Ag taking out $21

  54. On July 3, 2016 at 7:27 pm,
    CFS says:

    So much for resistance, silver popped thru’. $21

    • On July 3, 2016 at 7:37 pm,
      Dennis M. O'Neil says:

      looks like the calvary arrived

      • On July 3, 2016 at 7:46 pm,
        Dennis M. O'Neil says:

        Looks like some low asks got called in from the Hamptons all of the sudden.
        Like the 2011 Easter dump but in the summer.
        Wild trading!

  55. On July 3, 2016 at 7:37 pm,
    CFS says:

    This is unbelievable SIU16, silver Sept 16 futures have traded over 15 thousand contracts already this evening in less than 5 hours on a holiday weekend!

  56. On July 3, 2016 at 7:40 pm,
    CFS says:

    Here comes the counterattack!

    • On July 3, 2016 at 7:51 pm,
      Dennis M. O'Neil says:

      They are calling it in from the Hamptons.

      • On July 3, 2016 at 7:53 pm,
        Skeeta says:


        • On July 3, 2016 at 7:56 pm,
          Dennis M. O'Neil says:

          More likely it a HFT computer.

  57. On July 3, 2016 at 7:55 pm,
    Dennis M. O'Neil says:

    They took it down .80 in 5 seconds

  58. On July 3, 2016 at 7:59 pm,
    CFS says:

    I’ve never seen this before….now 20K contracts traded on silver Sept futures. HotDamn!

  59. On July 3, 2016 at 8:02 pm,
    CFS says:

    This is all NY Globex action.
    It’s 4.00 a.m. in London.

  60. On July 3, 2016 at 8:04 pm,
    CFS says:

    They just wiped out the $13 gain in Pt!

    • On July 3, 2016 at 8:08 pm,
      Dennis M. O'Neil says:

      You are witnessing crimes!

  61. On July 3, 2016 at 8:07 pm,
    CFS says:

    It only took 2.7K contracts in Pt to kill the gain!

  62. On July 3, 2016 at 8:11 pm,
    CFS says:

    GCQ16, gold August 16 contracts 58K traded.

  63. On July 3, 2016 at 8:16 pm,
    CFS says:

    GCZ16 gold December 16 contracts now getting active 1.4 K traded in 5 hours.
    (Someone is going to stand for delivery, but the cupboard will be empty!)

  64. On July 3, 2016 at 11:43 pm,
    CFS says:
  65. On July 4, 2016 at 12:02 am,
    CFS says:

    I have great respect for Mr. Moriarty, but believe he has a blind spot for the evil malignant traitor, who is not incompetent, but wishes to destroy the US. (And will succeed, unfortunately)

    • On July 4, 2016 at 7:26 am,
      Robert Moriarty says:

      Which evil malignant traitor? We have to many to choose from. I think you have misread me. I know of no leaders in the US today.

  66. On July 4, 2016 at 4:46 am,
    CFS says:

    Ashe to ashes. Nothing to see here! Yeh, right!


  67. On July 4, 2016 at 6:04 am,
    CFS says:
    • On July 4, 2016 at 6:50 am,
      CFS says:

      And at about 1 hour 23 mins

    • On July 4, 2016 at 10:09 am,
      Wayne says:

      Lucky for the Clintons the bible says nothing about shotgun blasts to the head.

  68. On July 4, 2016 at 8:14 am,
    CFS says:

    Mining stocks leaping up in Canada!
    AUN.V UP 40%
    IPT.V up 20%
    USA.TO up 20%

    • On July 4, 2016 at 9:49 am,
      Matthew says:

      IPT reached 1.02 early on for +31%. I already bought back (.93) the little bit that I trimmed above a dollar. That wasn’t the plan but I doubt that I will regret it.

      It got through some important EMA resistance:


      • On July 4, 2016 at 9:51 am,
        Matthew says:

        …But still has some important SMA resistance to deal with:


    • On July 4, 2016 at 9:54 am,
      Matthew says:

      It is also in the clear when using Fibonacci-based EMAs:


      • On July 4, 2016 at 9:55 am,
        Matthew says:

        …But not quite when using the Fib-based SMAs:


  69. On July 4, 2016 at 8:38 am,
    Hiram says:

    Hi Al or Cory, any comments regarding this article. Would be interesting to hear what Roger at Theralase has to say.


  70. On July 4, 2016 at 8:45 am,
    Silverdollar says:

    Different slant on oil prices coming to our neighborhood: http://www.peakprosperity.com/podcast/99333/art-berman-coming-moonshot-oil-prices

  71. On July 4, 2016 at 9:27 am,
    CFS says:

    Primero getting close to 20% up.
    Not heavy volume though.

  72. On July 4, 2016 at 9:44 am,
    Chartster says:

    Derivative boy exstrodinaire – Alen Greenspan, urges gold standard.

  73. On July 4, 2016 at 9:57 am,
    Bill says:

    I had to drop in say hi!
    As i said months ago….bulls hate riders. Gold would likely trade sidways. Stocks would barily correct. ZIRP is here to stay and good for gold. The economies are a mess.
    This is supposedly gold correction season. Not this time. Gold bullish % is 100. Why is it off the charts? Cause all these indicators are usless at times.
    Gold is a seriosly dangerous game.
    You should switch to platinum. NOT. Unless one is a gambler and should not even open ones mouth. I wouldnt even advise my best friend to buy any of this SH#t.
    Buy commercial real in good areas. You will creat wealth and sleep at night.
    Cant stand MoriartY. The self promoting blow hole. He made just as many stupid calls as he did right ones. Oh yes he said there would be correction some time ago. Hes smarter than anyone.lol. NOT

    • On July 4, 2016 at 1:22 pm,
      Gator says:

      Bill..you only stop by to trash Bob? Cmon man..straighten up and fly right…

  74. On July 4, 2016 at 9:57 am,
    Bill says:

    Ps Mathew had it bang on.

    • On July 4, 2016 at 12:01 pm,
      Robert Moriarty says:


      Glad to see you are back showing your ass. I posted a call for a correction on April 28, If you can get a next door neighbor 10-year-old to show you how to read a chart, May 1 to June 1 was clearly a correction to everyone except you.

      Are you still blaming everyone else for your investment decisions? By the way when I suggested dumping gold and buying platinum, the spread was $331 in favor of gold, now the spread is $282 and that’s after a $100 pop in gold. Maybe if you are so smart, you can recommend something better?

      • On July 4, 2016 at 3:00 pm,
        Bonzo Barzini says:

        How about silver?

    • On July 4, 2016 at 7:43 pm,
      Robert Moriarty says:

      Since Mathew seems to be your new guru I want to remind you of something wise he said over a year ago that pertains 100% to you and your attitude to investing. If you think that I saved this just for you, I did.

      On May 22, 2015 at 10:49 am,
      • wocsom morf knarF says: 

Guys, there’s no such thing as following a guru. Everyone follows their own judgment, that’s all. The difference is that certain types of people like to blame others for their own mistakes. 
You know what little nobody me has in common with Moriarty, Casey, Coffin, etc, etc.?
      • I have made money and I have lost money with their picks as well as my own. I have turned losers into winners by selling right and winners into losers by selling wrong, but I can’t remember an instance in which I bought something that didn’t give me a chance or many to exit my position a winner. 
People who get better at what they’re doing take responsibility for their actions.

      • #comment-##
On May 22, 2015 at 11:01 am,
      • Birdman says: 

Great comment Matthew. I agree with you 100%. Especially with the mention that too many traders are quick on the trigger to blame others for their own choices as if none of the choice was in their own control all along.


      Maybe you should start taking responsibility for your own investment decisions and stop whining.

  75. On July 4, 2016 at 9:59 am,
    Chartster says:

    TLT trading almost lock-step with gold since June 1st suggests ” we already are on the gold standard!? I guess the bonds have to be backed before they get dumped? To be fair to the bond holders ( of course )

    And as usual, no one has a clue..

  76. On July 4, 2016 at 10:03 am,
    Matthew says:

    SMD jumped 42%+ (and I was quick enough to trim a few thousand shares)…


  77. On July 4, 2016 at 10:09 am,
    Chartster says:

    Nice play, Matthew!

    • On July 4, 2016 at 10:15 am,
      Matthew says:

      Thanks. I meant to say that I was quick enough to trim a few thousand at 80 cents – the chance didn’t last long!

  78. On July 4, 2016 at 10:55 am,
    Bill says:

    I mentioned AUN a wayz back…
    Have a look.
    and Bird…Black Hawk down ! NO?

  79. On July 4, 2016 at 10:56 am,
    CFS says:

    Sinclair smiling as TNX.TO IS UP Over 20%

    • On July 4, 2016 at 11:07 am,
      Bill says:

      Hes a goof in MHO CFS. Broken clocks get it right 2 twice a day..

  80. On July 4, 2016 at 11:08 am,
    Silverdollar says:

    In remembrance, when immigration wasn’t so controversial: https://www.youtube.com/watch?v=wTSLRbm8L9E Happy 4th of July to all:

  81. On July 4, 2016 at 11:25 am,
    CFS says:

    As home prices in England drop, HSBC introduces a 0.99% mortgage.

    It’s variable, of course, but if you believe the Bank of England can’t raise rates, then…..

    • On July 5, 2016 at 2:43 am,
      Birdman says:

      Wow. Point 99……they must be getting desperate to have to lure you in with a number like that. Is the lending business that slow in England? Are negative rate mortgages actually possible when you are this close to zero? Crazy stuff man.

      What do they know the rest of us don’t?

  82. On July 4, 2016 at 11:27 am,
    Bill says:

    The corrupt power elite of our day are destroying regimes. People running for safety that’s why RE is on fire in Canada…. There’s money for military and that trillions world wide… But no money of brains to manage the worlds issues.
    These pigs need to be slaughtered.

    • On July 4, 2016 at 11:35 am,
      Silverdollar says:

      Oh, I agree……we need some cleansing!

  83. On July 4, 2016 at 12:03 pm,
    OOTB Jerry says:

    Mighty move last night July 4 ….$21 silver..

    • On July 4, 2016 at 12:33 pm,
      Dick Tracy says:

      Jerry, it’s platinum time!

      • On July 4, 2016 at 12:41 pm,
        CFS says:

        The real move in PMs begin when bonds are no longer considered absolutely safe. Probably after a few banks go belly up.
        But for now I’ll take + $15 for Pt and Pd.

      • On July 4, 2016 at 1:20 pm,
        OOTB Jerry says:

        DT…..you are correct . I do like platinum finally getting some notice.

  84. On July 4, 2016 at 1:21 pm,
    OOTB Jerry says:

    Ditto CFS

  85. On July 4, 2016 at 1:56 pm,
    Nigel says:

    Look at silver…that’s a big move

  86. On July 4, 2016 at 2:53 pm,
    Brian says:

    It is very sad to see the Gold Tent TA site spiral down, just like the KER site these past couple months.

    Up until a couple days ago, Gold Tent TA was an inspiring place too learn TA and get great ideas for investments, both PM and not.

    Unfortunately, Avi Gilbert has shown up. The only thing worse would have been to have Gary Savage show up at the same time (he declined an invitation).

    Avi Gilbert’s incendiary writing style has derailed a calm, intellectual, courteous site in matter of hours. That takes REAL talent.

    Sigh …

  87. On July 4, 2016 at 5:02 pm,
    CFS says:

    Somewhere earlier Robert Moriarty posted the derivatives total is less than $1 Trillion.
    We may be misunderstanding “total” to not include swaps of some kind, but


    And I’ll post a research Canada report url next

  88. On July 4, 2016 at 5:06 pm,
    CFS says:


    I thought I typed 1K Trillion above…..I meant to!

  89. On July 4, 2016 at 5:50 pm,
    Bill says:

    Where’s Bird Dude?
    Remeber my comments….Told ya
    Go Aurcana! +54% today

    • On July 4, 2016 at 7:34 pm,
      Brian says:

      An oldy but a goody. Sociopaths never change.

      On March 22, 2015 at 1:01 pm,
      Birdman says:
      I didn’t listen to the show either. Bunch of crap politics. Who gives a shit.

      • On July 5, 2016 at 2:44 am,
        Birdman says:

        Uh hunh. You might be a little over the top with the sociopath remark.

  90. On July 4, 2016 at 6:29 pm,
    Glenfidish says:

    Hats off to Matthew!

    What a run gold and silver miners have had.

    Here is a list of some of my faborites.


    Iamgold(I own)

    Primero ( best ceo in my mind)

    And all the ones Matt and shad have shared throughout lol..

    It’s going to be a fun ride for the next few years. Like Matt has said we are just getting started.

    • On July 4, 2016 at 6:51 pm,
      Bill says:

      + 1 !!

    • On July 4, 2016 at 8:42 pm,
      Matthew says:

      Thanks guys. I am very bullish mid to long term but have to wonder if it might be a short term contrary indicator that today was by far my single best day of 2016.

      Silver is now in a battle for the 200 week MA…


      • On July 4, 2016 at 8:54 pm,
        Matthew says:
      • On July 4, 2016 at 10:15 pm,
        Bill says:

        We are way over bought but we were way oversold for eons.
        Gold has just broken the 1307 so its a tough call.
        With the wheels off the planet bus it anyones guess.

    • On July 5, 2016 at 9:46 am,
      Excelsior says:

      Cheers Glenfidish. Yes, many miners are growing by leaps and bounds each day lately.

      So, it looks like the scenario we discussed where Gold/Silver may buck the trend of the Summer Doldrums and be unseasonably strong did in fact play out, Gold took out the Jan 2015 peak of $1307.80, and the 2013 trough that started it all of $1321.50 on a closing basis. In my mind, the strong summer and the takeout of these 2 resistance levels were what I was looking for to signal that major bottom in spot Gold was in December, the Jan 19th low in the miners was their final low.

      I do agree that in the near future we’ll see Gold correct, so I am starting to trim a little on strong days, and buy a little whenever certain stocks drop by 10-20%.

      Best to you sir!

      • On July 5, 2016 at 9:55 am,
        Excelsior says:

        BTW Glenfidish – I agree on Aurcana. We got in early after their restructuring and on days like this, it was worth the wait:

        Aurcana Corporation (AUNFF)
        0.3481 Up 0.0892(34.44%) 12:38PM EDT

        • On July 5, 2016 at 12:26 pm,
          Bill says:

          It was just a matter of time for AUN.
          Looking for $26 on silver down the road….

  91. On July 4, 2016 at 6:31 pm,
    Glenfidish says:

    Just wanted to add that now I sense more people talking gold/silver and sentiment growing. I sense a correction near term or possible consolidation. Maybe not the best thing to buy into now unless you are thinking very long term. We need some fear factor to get me to purchase some more. I shall be patient

  92. On July 4, 2016 at 6:52 pm,
    CFS says:

    Price Support Pivot Point Resistance
    19.8120 18.9800 20.3780 21.7760

  93. On July 4, 2016 at 6:56 pm,
    CFS says:

    Platinum should slow its fall soon, near to support now.

    What happened to all that Chinese buying we had?

  94. On July 5, 2016 at 7:01 am,
    Marty says:

    Golden Arrow – GARWF – 25% breakout tis am. 👍

    • On July 5, 2016 at 9:47 am,
      Excelsior says:

      Very nice. Good call Marty!