Here’s why there will be a slowdown in the metals over summer
Today we focus on the precious metals prices over the next couple months. Doc feels as though we will continue to see a slowdown and healthy pullback through July and some of August.
Click download link to listen on this device: Download Show
If you keep saying it.
Eventually you will be right.
Maybe I have been right all along Tony. I did not anticipate this would go on so long or run so high is all. But that has still not altered my central belief that we are not in a new bull market. Only time will tell. I am not about to agree the bugs are correct yet though.
Birdman:
Actually you have been wrong all along.
A correction is overdue but this is a bull market and has been since 2001. We had a minor correction in gold from 2011 until 2016 and a decent correction in silver from 2011 until 2016 and a historic correction in gold shares but we are clearly in a bull market. It’s going a lot higher but a pause would be perfectly normal.
You are correct Robert. Precious metals are still in a secular bull market. However, I believe that you are wrong in thinking that a correction is overdue. This cyclical bear market in gold and silver has one last leg to go. Precious metals always go much farther lower or higher than you can believe. Be prepared for a volatile swing lower.
Very unlikely gold shares will survive. The elevator door will be open
but no elevator car will be there and the trip is straight down.
Assuming anything in this environment with gold dreams is totally
unjustified.
The road is paved to the biggest bust in history. With that being said
any bets on paper gold is high high risk playing.
Velma: You are perfectly correct. Your opinion is that there is one more leg to go. McClellan believes the same thing and he’s pretty good. Actually I figure out the limits now and again and I’m rarely surprised.
Well Robert, that is what I have been saying so I have not been wrong all along. I also believe another leg down is coming and we are going to a lower low. I disagree with you btw that we are in an ongoing bull market for metals since 2001. You are dead wrong there and the silver chart proves it since it did almost a 100% retrace of its run from that time already. Don’t be so ridiculous. We are currently within nothing more than a bear market rally as I have been asserting for months. The bear is not dead yet.
Bird:
You were calling for $800 gold. You have been wrong all along and gold going lower than the $1043 wouldn’t prove you right, it would prove that you have been wrong all along. You want bear market, look at silver at $50 in 1980 and $4.85 in 1986. Now that was a bear market. this was nothing more than a correction in a bull market. Sugar corrected more than gold.
Check your facts Bob. I have NEVER called for 800 dollar gold…..NEVER.
You have me confused with someone else so you can stop calling me wrong.
This is what Larry Edelson had to say last Wed. I look forward to see what he says tomorrow.
http://www.moneyandmarkets.com/caution-gold-silver-miners-80082
Edelson has it right.
I agree. Bob can apologize once we see that lower low in gold.
Tony, all those wishful dreamers and wannabes in the lomg term are wrong.
Keep dreaming though. The black swan is already in the cue and will soon
be released. Its is assured and certain. Otherwise, go get reducated in financial
markets that can and will collapse on a dime.
Only bag holders fail to see the inevitable.
Long maybe lomg too. Those that don’t get it can visit :
https://www.eehealth.org/services/behavioral-health/linden-oaks-medical-group
I thought Mr. Birdman had changed his tune on gold a few weeks ago on a breakout and had resigned himself to the idea of a bull market.
Now that the price is pulling back, is seems Mr. Birdman is back to “no, this is not a bull yet”. 😉
Ahhhh… if Birdman starts to flip-flop too… where is the world going ?
It’s ok Bird… flip-flopping is “allowed”. Just recognize it.
Luv’ as always.
LPG
I have never flip flopped. You are another of the Turkeys here so keep it to yourself wise guy. My comments have been unequivocal. Go read them.
lol, you did miss that big run up Bird. (unless you were keping secrets)
But if I recall, you said if it continues you would have to admit your outlook was less than accurate.
Seems to me the “fat lady” hasnt sung yet.
I could be expecting more from a bull than I should tho.
Sold half when it looked like the run stopped, kept half.
Shoulda sold all of some,shoulda kept all of some, a mixed bag for me.
We shall see.
If you think you never flip flopped… you probably have a bad memory Bird, or you’re dishonest. I just hope for you that you that this is a memory.
I’m not a wise guy, and I flip flop/change my mind on things once in a while.
I make mistakes, once in a while too.
But I’m open about it, and I admit my mistakes and move on.
I’m not wise… but I don’t hide or pretend.
Luv’ as alway.
LPG
Good one Mr. Prone
Propane.dam phone
Cmon bird…your last comment before the lull was positive for the metals…so you did flip…nothing wrong with that but fess up to it…
If you are going to call me a liar LPG you had better be able to back it up by linking the comments you are referring too. Otherwise you can take that back. I have never agreed or stated that we are in a new bull market for gold nor that we are in a continuation of the gold bull since 2001.
Stop making stuff up.
I said what I had to say Bird, and I have decent reasons to have written what I’ve written, and I’ll stick to what I wrote.
I’ll leave it there: I’m not going to spend more time on that.
Luv’
LPG
I actually follow the conversations Bird.
I think what happens is people dont always understand what they read.
No offence now lpg, but I do recall you as one of the people missinterpeting the Minco financials.
Nice of you to say to Bird luv at the end of your post tho.
That sorta sugur coats the accusation.
B, if you actually follow the conversations, and understand them, then you know that Bird is the worst offender when it comes to misrepresenting his record AND putting words in people’s mouths.
Agreed Matthew. When gold got over 1307 he conceeded he was wrong and the bull was on. He is also constantly misrepresenting his record, is the king of flip flopping, and continually puts words in people’s mouths, or takes their words out of context. With a brain like a bird what do you expect?
Couple of things:
To B:
Hope all’s well.
What did I misinterpret in Minco Silver financials please ????
Coz I don’t recall MISINTERPRETING ANYTHING from their financials. If I was, please point it to me.
Share price quadrupling or quintupling from where I looked at it does NOT bother ONE SECOND. And I’m serious. If I don’t wanna touch a stock, I have my reasons. I can be wrong, and the stock can fly. That’s ok for me.
Again, if you can point out where I MISINTERPRETED the financials… I’m game – always happy to learn from my mistakes.
Cheers & Best to you
Excelsior/Shad:
Hope al’s well as well.
Glad to read I’m not the only one who remembers the change in viewpoint from Birdman when gold was above 1300ish (if I recall, it’s when gold pushed above $1310… and if I remember, he was exchanging with someone on the topic – ie not laying his views on his own.
I (typically) don’t save what everyone says (although I save a few things here and there when some people make outlandish comments,). I rely on my memory – it has served me over decades…
Best to you as always,
LPG
To Bird:
Nothing against you.
I despise attitude of people flip-flopping AND NOT ADMITTING IT (again, it’s ok for me when someone changes one’s views, but not admitting it is called intellectual dishonesty/cowardise or memory failure in the best case).
So in your case, I feel sorry to see this attitude in action / in plain sight. And again, I hope it’s just a memory issue from your side.
Luv’
LPG
Hi lpg
Bob M might remember more acurately than I do.
When Bob mentioned on his site Minco being undervalued….alot, I mentioned on this site.
Yourself,Mathew and Al disagreed with Bob because of their financials, saying something about they couldnt spend the money?
Of course a discussion followed, but I think its obvious Bob was correct all along.
Not really sure if it counts as a real good pick tho, I mentioned anything on the kitco list would make money, which they all did. (Im the undisputed champ picker as I picked the most winners lol)
Was shootin fish in a barrel time.
Recall me saying, get a 1/2 cent share? They were HUGE, mine went from 1/2 to 14 cents.
How many %s is that? 2600+? trough to peak.
What was Minco, a paltry 500%
Anyway, it was a misintrpritation of the financials.
Heck, nuthin even needed financials for awhile there.
B,
I remember Minco financials.
Bob Moriarty was saying the stock was undervalued as it was trading below cash value – which was an accurate statement.
From the back of my mind and what I remember, I simply pointed out back then that a good amount of the cash was held in CNY, in Chinese institutions in China.
When I saw that, that put me off.
Beside, if you were taking the view – as I did, that the CNY could fall against the USD over the next few quarters, and potentially against the CAD, then the CAD translated value of the cash in the balance sheet COULD well have gone down when FX moved. That’s the way I looked at it.
I had also looked at the website, newsflow etc… and it seemed like nothing was going on in the company. Nothing.. nada. Which is ok in some circumstances (optionality play with SG&A cut to the minimum, waiting for higher prices) but with things in China and a PEA which (if I recall correctly) dated a few years back and since then nothing, assets in China –> I said to myself: “no thank you”.
Now again, I don’t see where I misinterpreted the financials by doing that…..
And again, I am not bothered AT ALL by the 4x – 5x move up on the stocks.
Not at all. S-e-r-i-o-u-s-l-y.
Incidentally, I recently looked at a stock which has,, imho, ZERO merit. A gold play. I came across the name 3yrs ago. The name did x9 in the recent run… I saw that and smiled (and I’m still not bothered 🙂 ).
So again, my point is that
1) I still don’t see where I misinterpreted Minco’s financials – ever.
2) I missed a 4-5x move in a stock I didn’t wanna touch for clear reasons. I am not bothered at all. If you made money on Minco, good for you – truly.
Best,
LPG
lpg, you didnt miss anything, thats what I was kinda gettin at.
You only had to own something, anything as long as you owned something.
If you owned nothing, then you missed,
I do believe I said that awhile before that run up.
Yes I made coin on Minco, and others, but the 1/2 cent shares were the ones to own, NOBODY on this site noticed that but me I think.
And I mentioned it, “make sure and get a 1/2 cent share”.
I understand ur thinking lpg, sorta, but it wasnt right, the right thinking was just to own shares, any shares.
Bob showed that Minco was selling $1 bills for 32 cents? Was no way to go wrong there, if you thought there was you miss interpreted. imo anyway.
Not a big deal, that run surprised the heck outta most people.
Im not a chart guy, nor do I understand market intricacies, but what I did get right is in Bobs book. Works for guys that dont know nothin. lol
B, to disagree about a detail is not the same thing as disagreeing with the assertion that Minco was cheap – of course it was. I never said Minco was a bad bet.
Btw, Minco’s max gain this year was just over 430% while Impact Silver’s (IPT) was 891%; Alexco’s (AXU) was 847% and Americas Silver’s (USA) was 713%. Those were not only my largest silver positions in January but they were my largest positions in any sector.
There are good reasons you are not a regular guest here LPG. One of them is that you constantly get your information wrong and then come back to the site later to make corrections.
So you are probably not that bright in the first place.
Secondly, you keep referring to me flip-flopping (as you call it) but have failed to show where or when I did that…… So just make it simple. Link my comment. Quote me by all means. Just don’t start lying or bearing false witness because people who do that disgust me.
No love for you brother.
I am no good at figureing % gains. (among other things)
You got some good ones there obviously, I got ipt but not the other 2
No, he won’t.
We are in a precious metals bull market; the question yet to be determined is it a cyclical or secular bull. Toro! Toro!
CFS, gold has been in a secular bull market for 15 years. The exciting thing now is that the miners are finally ending their twenty+ year decline versus gold.
Nonsense M.
Every day, we move closer to the deflationary cliff. Excessive levels of derivatives and debt have become unmanageable. It’s inevitable and unstoppable. Precious metals will not be starting any kind of run from here or slightly lower. I’ll say it again–a deflationary commodity bust is coming. The last leg of the precious metals bear market is about to begin. Gold will trade down to $500 and silver down to five dollars.
We had the lowest prices for commodities in 5000 years in Jan/Feb. It’s irrational to believe they are going still lower. the only thing going lower will be bonds and currencies on their way to the bottom.
Respectfully, I believe that you are wrong. When a deflationary bust hits, the only safe haven is going to be the dollar and long-term treasuries, which will send them higher. The fed has lost control.
Velma:
I don’t think so. Everything eventually returns to its real value. that of the dollar and bonds is near zero. We have had the deflation.
Got to disagree with you again on that point Bob. Sorry.
Deflation has not bottomed. The very worst is yet
to come. Red tag sale will be 90 % off.
The elite are just infatuated and love big busts.
Do the math, it’s their road to great riches.
Bird:
Disagree is ok.
Velma, the worst deflation we ever had was in the 1930’s. Most stocks went down 90%, but gold stocks soared. Homestake and Dome Mines went up 6-fold. So I’m hanging on to my gold shares.
We have covered that a thousand times Bonzo. Gold did not go up during the 1930’s deflation for any particular good reason or the quality of gold as a hedge against that kind of event. The only reason it rose was because of the confiscation. Unless that happens again you will be making a mistake.
+1 Bonzo Barzini
You know better than that Matthew. Gold is not a deflation hedge because it follows the commodity sector these days and when those fall gold falls too. Even in the Depression when gold was still technically money (equal to dollars in other words) it only rose versus the dollar due to Treasury sleight of hand following a revaluation by edict.
Wrong, Bird. Gold went up substantially in the ’30s. Cash is king in an economic collapse and gold is the king of cash.
John Exter’s inverted pyramid of global liquidity is correct:
https://en.wikipedia.org/wiki/John_Exter#/media/File:Exter.png
Much more recently, gold soared about 100% in 18 months versus the CRB…
Maybe you don’t know what the word revaluation means. Lets start there Matthew. Its kindergarten stuff but maybe you will get through it with a class letter and a citation.
The price of gold changed in the 30’s because of government policy measures which revalued it versus the dollar. It was a deliberate revaluation of golds price in other words (eg a devaluation of the dollar). So gold did not “rise” because of gold fundamentals or any of its other special virtues and it is not therefore a deflation hedge.
If you check the charts you will see that silver hit its absolute bottom during the same time period. What does that tell you smarty pants?
Whatever dude. Btw, LPG was 100% correct about you.
Fail.
Ordinarily if one has a valid counter point they just make it. You don’t have any. Ergo, I am correct and you admitted as much by failing to address any of my points.
Like the majority of your clueless comments, no counterpoint was necessary so no effort on my part was warranted.
Sorry, that still does not qualify as an answer or argument against my posts on golds revaluation. And you know why? Because you don’t have one. What I wrote is correct and so it shall stand as the last word on the subject.
Im gonna agree with you yet again Bird.
I understand you dont need reminding we are in the middle of a currency war.
A dliberate re valuation.
Gold should go up, or currency down, either way, golds not a terrible thing to own here.
Course we could say that about pretty much any hard asset.
B you’re going to agree with Birdy again….what a friggin surprise.
I love it when you guys disagree, excellent learning opporunities for me.
b- and me also- cheers!!!
Bonds are just staring their blow off phase, before their blow up phase.
Stocks are going straight to blow up, heavily disguised by Central Bank buying.
And by “blow up” I mean as in use of dynamite, not air-pump.
I agree Velma. We are also in a war cycle and all wagons will come unhitched.
There will be no further upside to any great degree in paper gold until the world
sorts out the inevitable financial collapse and major nuclear war in the near future.
If you don’t hold it, you don’t own it. Gold shares are suicide.
If you disagree, its your total loss, not mine. I don’t want to hear it.
TJ: You have said your speech about 500 times. Don’t you think everyone here has heard it 499 times more than they want to? They either agree or disagree but you are getting really really boring. Give it up.
No one wants to hear your crap, if they agree 100% or not.
Personally Bob, I’m done hearing you pass gas a 1000 times
or better on all your unproven opinions that are completely false.
Sounds like you should take your double standards where the sun
don’t shine. Once you do that, we can discuss my false.
Until then, keep blowing hot air !!!
Those who look at ALL the evidence know that Robert M. is extremely likely to be correct.
Bob is correct on a heck of a lot of things.
What concens me, is Birds opinion.
As they are seing diferant scnarios Im glad I did my best to prepare for both inflation and deflation.
I see logical reasoning for both, but Im not smart enough to be sure either way.
Bob has sent uncountable good people to the bone
yard with his whack job explorer recommendations.
Done more damage to society than most harden criminals.
B/Matthew:
Bird is having a bad hair day.
Well my day might be a lot better if all you old guys weren’t going senile and attributing comments to me that I never even made! 🙂
So if I buy more DUST my spanking will be in slow motion instead of a pro-boxer beatdown?
I like to follow Doug Eherhardt (among others) in Seeking Alpha. His latest article that mentions DUST is a pretty good one and he recommends DUST in the near term –
http://seekingalpha.com/article/3989504-gold-miners-decline-coming-caution-buying-silver-coins
Al and Cory, I wonder if you could ask Rick to comment on NSRPF, Novo Resources, one of Bob Moriarity’s and Jay Taylor’s favorites. Thanks.
$1404.50…..target
What is Larry E.’s..guru rating?
Birdbath should just close the door on his predictions, I give him eleven out of ten for effort. LOL! DT
You should start thinking about selling your senior miners.
TNX. Looking good
Sinclair on a roll
Forget about the birdbath, a bloodbath is coming in all paper fools
gold.
We are in a major war cycle that will kick the living daylights out of
society and their wannabe dreams.
The axe is now being lowered on this foolish world especially
wannabes always dreamin 24/7/365
The only thing that will be left standing is physical in hand.
If I survive all the coming collateral major damages my
physical will buy up assets previously worth millions for
a few gold coins.
YOU CAN — TAKE IT TO — THE BANK !! Paper fools gold is for ____ ___ ____.
Just for the record.
Looking at the price of gold during the thirties in the US is not meaningful, because the price was controlled by the government absolutely.
Second ly the price of mining shares did rise dramatically, because the cost of production decreased considerably, and the Government bought the gold at a high fixed price. Companies like Homestake were making extreme profits by the late thirties. Annual dividends exceeded the cost of shares bought just five years earlier.
Keep in mind that the real price of gold is its purchasing power and that did soar in the ’30s. In addition, the powers that be had to raise the dollar price of gold by almost 70%.
The dollar was devalued by almost a third in 1933 Matthew. Gold did not “soar” unless you are willing to just admit the dollar was reduced in purchasing power in a surprise action by the Federal Government. Check your history and facts. When the price of gold rose then it was not because of the fundamentals of precious metals at all but because of an executive order which was both arbitrary and artificial. Unless that happens again then gold should continue its decline into this deflation with the usual inverse relationship to dollars that has been common for decades now.
Gold soared in purchasing power, genius. That’s what counts.
And take note Matthew that the CRB index has broken down and is likely heading all the way back to 100 which was where it stood in 1973 or thereabouts. that implies another large drop for gold. Perhaps its final drop before hitting the absolute bottom.
Dome mines paralleled Homestake in its behavior.
Matthew the real price of gold was $ 20 before confiscation and $35 after revaluation.
If you want to talk about purchasing power, I would agree.
The gold was purchase by the Treasury, under the 1917 Trading with the Enemy Act; a rather dubious legally, Executive Order.
The gold was later sold to the Fed for $35, and it was the difference between $20 & $35 that funded the Treasury’s ESF slush fund. This ESF was used in the late 1990s to bail out Mexico’s financial crisis, when Congress balked at a bail-out, and currently is being used to prop up the stock market. (The Fed props up the bond market)
Commentators on this site have discussed whether gold has been going up with the dollar or going up with the stock market, etc.
I wish to point out that there are two basic mechanisms that affect the dollar price of gold.
The first, very simply, is that gold is a form of money and acts like any international currency with an exchange rate: as the dollar falls, gold appears to rise as measured in dollars.
Here money creation by the US should cause the dollar’s value to fall.
Second, gold can move under supply-demand considerations.
With a relatively fixed world supply of gold (increasing at a few percent per year), changing demand can alter its price, just like anything else.
If gold and the dollar go up together it is demand that is driving the increase.
If, as Rick is suggesting, the US dollar index is going to go up from 96 to 100, what he is saying is that, at constant demand, gold should drop 4%.
Any correlation between the movement of the general stock market and gold, I believe, is to some extent more a measure of risk sentiment, which is more likely to be an anti-correlation.
WOW! Negative yielding bonds a 1.8 Billion dollar hit at CICB Canada
http://www.cbc.ca/news/business/cibc-negative-yield-bonds-1.3685259
…..and down she goes. Right on schedule.
Paper gold promises are doomed. Just like I said.
Jim Rogers.
Have a good trip Bill just like I said. Paper gold is going to get smoked.
Bob Moriarty, WE ARE NOT IN A GOLD BULL MARKET IN
ANY KIND OF PAPER GOLD.
In physical, yes.
Tired of listening to you and all this worthless paper gold
is what you mainly refer to is still in a gold bull market.
All paper holders are in for a rude awaking. Derivatives
monster will be unleashed. Its all going down. War will
be unleashed with it. Paper gold has no future.
Trader Jerk:
If you own physical gold, you bought it with paper unless you mined it yourself.
I was warning people of the dangers of derivatives as early as Feb of 2002 so there probably isn’t anything you can teach me about derivatives. I have made it perfectly clear that derivatives multiply risk, not lower it.
Mr. Rob Investors Immorality
Whats that got to do with a future crisis ? Nothing, when people will be
bartering not using any currency. That days coming.
Again, more of your false opinions that have no fortitude or vision. Of
coarse I wouldn’t expect anything else from a weasel like you.
Please, refrain from messaging me any further, now and in the future.
I’m really getting ready to send you on your way for good. I have had
enough of your juvenile behavior and unprofessional name calling that
is unnecessary.
I have no time for scam artists like you. You have nothing to offer either
unproven false opinions. Ya right, your book ” No one knows anything “.
Tell that to people who understand the investment world much better
than you ever will and have been highly successful.
You on the other hand lost fortunes for innocent investors and its a crime.
Take your whack job explorer recommendations with you. GET LOST !!
Trader Jerk: The easy way for you to not hear me is for you to disappear. You won’t be missed.
A billionaire told me that Nobody Knows Anything was the best investment book he had ever read.
Naturally that wasn’t you. You probably don’t have a million Vietnamese Dong to your name.
You really are a weasel. What you think and do has
nothing to do with me.
And your book is a scam and farce. Anyway, soon it
won’t matter fire and brimestone judgments are on
their way for children of the disobedient, like you.
Rip off scam artist. Enjoy the coming judgments.
Its going to be a glorious time to rid the earth of
maggots like you. Have a good trip to the bottomless
pit Mr. Scammer !! STOP MESSAGING ME.
Society is a million years, maybe never, of any kind of
prosperity especially in paper. The lights are going out
for all the abominations. Another fatal rude awaking.
Trader Jerk:
For a guy who loves hurling insults around, you sure have a thin skin. I guess it’s ok for you to throw rocks at people but you don’t like it when they throw them right back.
What are you going to do now, go whine to mommy?
Why don’t you just take your keyboard elsewhere where someone might give a damn about what you think? You are playing a one string banjo here and people, not just me, are fed up with your crap.
Go away.
Whats wrong Mr. Scammer is the heat getting to you.
When you start something like throwing the first punch
yesterday you wouldn’t be here arguing.
YOU PROVOKED THIS F.Y.I.
You don’t want and promote peace, you would rather
cause animosity which is deplorable.
With that being said, the trip to the bottomless pit is
right around the corner for all of us.
Its as certain and assured as the sunrise tomorrow.
Best you find something contructive to do than harrass
me. If your unsettled its your own doing.
If you want to take the higher road or the lower road thats
up to you. The one you’re on now leads to the bottomless
pit. Society is soon going to pay for the abominations and
atrocities being committed.
You want to avoid the fire and brimestone judgments then
do something about it. This is very unhealthy for both of
us. You’re on your own.
The nukes are loose in Turkey and the signs are all over
the place. Nuclear inferno is around the corner and then
hell follows. Go get right with God before you end up in the
bottomless pit.
When you get there, you will know it wasn’t a lie. Then its
too late for all of eternity.
Whatever road you choose, remember God didn’t put us there,
we did it to ourselves. Everyone is being warned right now but
refuse the truth. Humanity is going into annihilation.
No amount of wealth will preserve anyone. God is done striving
with man. The firey judgments are here.
YOU HAVE BEEN WARNED. !!!!
If you don’t like Bill looks like both of you will spend
eternity together. Hope not but Bill is on a mission
to get there as of right now.
You can lead a horse to water, but you can’t make
him drink.
Then again, most people like their sin lives. You
can’t fit a square peg into a round hole.
All I can do is pass on the message. Then its up
to those to make responsible decisions.
Most choose the path that leads to eternal destruction.
Trader Jerk:
If you aren’t on meds, get on them. If you are on meds, stop them. You have utterly lost it.
Have a good trip. You really are a child of the devil.
You have Bill to keep you company in hell.
Even if I go on meds still doesn’t change you any.
Many innocent people lost fortunes because of
a scammer like you.
You are definitely a very lost man and soul.
Now you publish a book.” Nobody knows anything ”
LIKE HELL !!!!
Another big scam and lie.
Boy, the new name for you couldn’t be any better.
MR. SCAMMER !!
I’m enjoying your capitulation and
predators like you go — get lost !
Don’t return to your vomit either !
Trader Jerk:
I suppose that’s why it went to #1 in its class.
Just because people can’t eat enough burgers
and fies doesn’t mean it’s good for em.
Mark Dice couldn’t sell a $160 silver bar for an
almost empty glass of Starbucks.
Scammers like you are well aware. Pitching worthless
holes in the ground and taking advantage of people
who are naive.
Doesn’t make it right. Taking advantage of others.
“Nobody Knows Anything” Sure ! What a scam !
Why did all these investors lose their shirt in whack job
explorers you recommended over the years.
Its was misleading and deceptive. The hype was off the
page for these hyper holes and you promoted them. With
lots of hype. I read your editorials. Major hype. I knew never
to buy holes in the ground. The risk out weights the benefits
by long stretches.
Your book is another scam claiming the investment world
knows nothing. Tell that to the people that made fortunes
in R.E. and buying equities last 5 years.
While you lose fortunes for people hyping holes in the ground.
You even told people not to buy R.E. 5 years ago and equities.
So wrong its pathetic.
YOU ARE ONE BIG SNAKE OIL SALESMAN AND SCAM.
I just proved it. Mr. Rip Off !!!!
Hardy har har har Bob.
I tried ages ago to no avail.
The issue is it messes up the conversations on the threads.
Al pays no nevermind so we stuck with it.
Dont know if it will help or not (probly not) but reason is useless.
Im not a billionare but I thought your book was great, that “madness of crowds” tho
Gaawwd does it drone on. The lessons are good tho.
He’s a snake oil salesman. I just proved it.
Anyone who listened to him has lost big time.
Trader Jerk: Maybe you would like to look up the last 15 companies I wrote about and find someone who lost money.
You and Bill should be bed mates, you both whine and blame others for your investment decisions. I didn’t make your decisions, you did. Your losses, your gains, not mine.
I never purchased your holes in the ground.
Many of them had to disappear and delisted.
Or they got so cheap, losses over 8 months ago
must be 99%.
I don’t want to hear about it any longer. Too bad you
didn’t disappear with the whack job explorers.
I will keep proving it. So obvious a toothless mole
could figure this man out. Big scam.
Trader Jerk:
You haven’t proven anything except your stupidity. I’ve got a best seller on Amazon and 70,000 people a day coming to my website and none of them whining.
I’m happy for you Bob. The only problem is :
At this very hour all the nukes have been seized by
Turkey and air men are in confinement.
I think you better take the whole bottle of meds for
your nerves because the hour of judgment is near.
Obama wants to destroy the Republic. Watch what
happens over the weeks ahead. I already know the
script. Too bad you don’t.
A nuclear inferno is headed this way. Time is short.
I don’t have time to argue with you any longer. Enjoy the
prosperity while it lasts. You have already been warned.
Suit yourself. You and Bill might be together yet. You need
to get right with God for the last time.
B:
Once you understand that the book is about the constant stupidity of people, you can stop reading. Trader Jerk is a perfect example. Some people are too stupid to tie shoes and chew gum at the same time. He thinks if he repeats something 1000 times someone will finally agree with him. Insanity is doing the same thing again and again and expecting different results.
You will turn this into a circus now. Anything to
distract from the facts and crimes.
That’s what predators do. Twist and blow smoke
and create mirrors to hide all the evidence.
Just to put an end to the back and forth w. Bird re: what he said and what he didn’t say…
Sooo…. I did a bit of search on the site… I took me MUCH less time than what I thought.
Thanks to my memory… as I was intimately sure the comments were made once gold crossed $1310… so I just had to go to the day this occurred 🙂 So all in it took less than 5mn to find what I was looking for.
So here we go:
http://www.kereport.com/2016/06/15/fed-statement-moves-equities-gold/
On June 15, 2016 at 11:40 pm,
trader jake says:
1312 now. The bulls are in control. No doubt.
Could be a signal for a very serious economic
collapse and a major war.
On June 16, 2016 at 12:09 am,
Birdman says:
Guess we are going to have to wave the white flag and concede, Jake. What else can you do? The bugs finally took control. Next they will be in Washington writing bills to make pieces of Eight currency again. God forbid! Shopping at 7-11 will never be the same.
On June 16, 2016 at 12:24 am,
trader jake says:
You bet Birdman. Only my perspective is on the other end of this
joy ride for the bulls. I’m not missing anything. The risk/ reward
was unfavorable. Can’t break the rules. The other caveat is we
have a major collapse and possibly a major war this move in
gold is signaling. IMHO They can celebrate but once the calamity
gets under way its going to be a whole new ball game.
Bottomline : Enjoy it while it lasts if the world is still functioning on
a relatively normal basis. IMHO Going to be short lived.
On June 15, 2016 at 11:50 pm,
Birdman says:
Looks like the gold bulls can finally declare victory. THE BEAR IS DEAD. I honestly didn’t believe we would get above that key resistance this year but here we are and I am pretty sure this site will never be the same as a result.
So get out the Champagne boys. You earned it.
**************
After all of this, I might be told that I misinterpreted Bird’s comments that “the bear is dead” (I capitalized it in the text). If that’s the case, please note that I’m unlikely to respond as I’ll be busy making pop corn..
To Bird:
I hope it was just a memory issue from your side.
Luv’
LPG (going to get some pop corn…)
PS: will post under today’s (Wednesday) market wrap interview… And maybe under Thursday’s as well. 😉
Really LPG, so what do you want me to do about it.
Its completely out of place LPG. Look at the time.
I was just barely functioning and woke up to see
gold was up substantially. Basically I’m telling you !!
Not asking either. Birdman was just joking about for
crying out load. Can’t anyone appreciate humor after
the midnight hour.
We all know or at least the one’s in the know, there is no
bull market in paper gold. The only ones that believe paper
gold is in a bull market are the usual bag holders.
I said gold would not go past 1400 give or take. Whatever !
ALL OF YOU ARE BAG HOLDERS WITH YOUR FOOLS GOLD.
It’s over. Now go find something better to do. Before I get upset.
Knock it off LPG !!! NOW !!!!!! PRONTO !!!!!!!!!
Trader Jake,
It’s pop corn time – sorry: priorities.
Luv’
LPG
LPG, you mean celebrate. KNOCK IT OFF !!!
I can’t believe you would actually take
this seriously. In fact, I busted out laughin
when he posted it. Look at all the words
all joking around. The champagne and
the flag or whatever.
JUST A JOKE LPG !!!!!
Put away your pop corn. Get some rest !!
On July 20, 2016 at 7:48 pm,
Excelsior says:
+ 1312 LPG.
On July 20, 2016 at 8:48 pm,
Matthew says:
+1313
Bird is just a complete dirtball.
)n July 20, 2016 at 8:53 pm,
Excelsior says:
😉
On July 20, 2016 at 11:03 am,
Matthew says:
B, if you actually follow the conversations, and understand them, then you know that Bird is the worst offender when it comes to misrepresenting his record AND putting words in people’s mouths.
On July 20, 2016 at 2:14 pm,
Excelsior says:
Agreed Matthew. When gold got over 1307 he conceded he was wrong and the bull was on. He is also constantly misrepresenting his record, is the king of flip flopping, and continually puts words in people’s mouths, or takes their words out of context. With a brain like a bird what do you expect?
On July 20, 2016 at 4:54 pm,
LPG says:
Couple of things:
Excelsior/Shad:
Hope al’s well as well.
Glad to read I’m not the only one who remembers the change in viewpoint from Birdman when gold was above 1300ish (if I recall, it’s when gold pushed above $1310… and if I remember, he was exchanging with someone on the topic – ie not laying his views on his own.
I (typically) don’t save what everyone says (although I save a few things here and there when some people make outlandish comments,). I rely on my memory – it has served me over decades…
Best to you as always,
LPG
To Bird:
Nothing against you.
I despise attitude of people flip-flopping AND NOT ADMITTING IT (again, it’s ok for me when someone changes one’s views, but not admitting it is called intellectual dishonesty/cowardise or memory failure in the best case).
So in your case, I feel sorry to see this attitude in action / in plain sight. And again, I hope it’s just a memory issue from your side.
Luv’
LPG
Here’s Brian’s input
*
On July 4, 2016 at 7:43 pm,
Brian says:
Hey Birdman (you POS)
You have posted THOUSANDS (not kidding, really) of comments predicting gold and/or silver and/or PM stocks were going down (e.g., gold<$US900).
And, now , your excuse is a power outage in Africa?
FU
Brian
Now that it not coming you disappear…
n July 20, 2016 at 9:23 pm,
Matthew says:
LPG and Brian are telling it like it is. If Bird were honest, he’d adopt POS as his new handle.
On July 21, 2016 at 7:30 am,
Matthew says:
You nailed it, Ex. F— him.
— > On July 20, 2016 at 9:05 pm,
Glenfidish says:
Good work lpg!
If memory serves me correct, bird also stated he had gone short gold. Now maybe Matt or someone else can find that post. He clearly said he was going short gold and I believe a month had gone by and he said he was sure it would go down. We are now probably 3-4 mi tha from that post. Now I don’t short trade but how long can you keep a short on before you bust the bank and more so after months of being on the wrong trade. He did never say or did I ever hear him say I covered.
—- > On July 20, 2016 at 9:08 pm,
Excelsior says:
Yes, that was his big “buy DUST” campaign, and gold was going to new lows gibberish.
— > On July 20, 2016 at 9:26 pm,
Matthew says:
Yet the prissy POS is always telling OTHERS to apologize for this or that.
— > On July 21, 2016 at 6:13 am,
Dick Tracy says:
Bird is all blather, his biggest accomplishment on this site is what he has always craved, ATTENTION! DT!
No! say it aint so!
A moment of weakness is all, a fog overwhelmed reason a madness took hold, but it has passed now, clairity returns.
I forgot that one but recall it now.
I was mistaken once, I recall it clearly, it was a foggy day.
Actually I forgot about that post too. Not sure how it slipped through my usual negativity on the gold sector but it must have been some kind of lapse or momentary panic. Or maybe a hat-tip to the gold retards who have been wrong for almost 5 years running. But that’s no flip-flop since I have been pretty consistent for many years now and I certainly never changed my mind and agreed with anyone that this is just a cyclical bear within a secular bull since 2001. We are having a bear market rally is all. Its just a lot bigger than I ever believed it could be and I cannot be faulted for having doubts after such a long run.
So LPG….you can stuff it.
Bird:
It was a flip flop no matter if you forgot or not or Trader Jerk had gone senile. It was a flip flop.
It’s ok to have your opinion but it’s not ok to have your own facts. You flip flopper.
Fact.
Bird,
I pity you.
May God help you.
Luv’
LPG
I don’t pity him, he has been continually rude, combative, and full of it for years. Even here where you called his BS, he still had to call investors here “gold retards” and can’t admit he was simply wrong (after pounding on his chest he’s the best gold investor on here and his calls are flawless). What a guy….
My only hope is for a long term power outage in his African paradise, so we don’t have to endure his insults, arguments, and antagonizing posts.
Bird often STARTS the argument by making it person, taking someones comments out of context and then ridiculing them for it, and then follows it up by insulting them. To make it worse he makes some of the most outlandish and definitive statements, pats himself on the back as being infallible, and then when he is dead wrong, he just wait until the tide turns and then starts it all over again taking jabs at most of the regular commentators and often the special guests during the process.
Birdman’s contempt for anyone that he disagrees with his vantage point goes FAR beyond a difference of opinion, and it usually ends with him insulting most of the other people on the blog. He also revels in making outlandish claims, trumpets himself as the best gold trader on her, tears down metals investors constantly, and generally makes the blog a combative place.
Let’s not forget that Birdman was one of the primary agitators of Gary Savage, and regularly ridiculed him.
Just this week he’s insulted or been in arguments with myself, Matthew, LPG, and Bob M., and next week it will be anyone else that he feel like trolling or ridiculing. Sometimes you have to call a spade a spade, and point out when someone is cancerous.
It’s a shame because sometimes I enjoy his thoughts, but he has such bad personal interactions and is continuously so rude, that I’m not sure it’s worth the trade off.
This has also been a problem for years with Birdman/A Listener, it has come up every 3-6 months, and he has left in a big huff and a puff multiple times, only to creep back and start again.
If you remember, he’s also insulted and unloaded on Big Al multiple times, and the last time he said he’d never come back, I almost believed him, but should have known that he couldn’t resist coming back on here to tear people’s ideas down once again.
Many great contributors left the KER because of his antics and insults. It is just gets so old, and is so counterproductive to working together to share good investing ideas, which is the point of the blog on a resource investing site.
It was a clear flip flop, (and it wasn’t the first). It was when Matthew and Brian and I were posting about the gold breakout above the $1307.80 level right above that in the thread that day. Give me a break from his bulls…t.
The strength of that rally would make any bear doubt his own fur.
(doubt the acid that burns the unseen)
Give me a break, hundreds of % so quickly,my wonderful 2600% gainer I sold 1/2 of at 600%, who the hell could have seen that running up another 2000% in less than a week?
Actually the lesson was quite valueable, there is alot of money floating about and when we do run up people will write songs about it.
But until then, Credit Suisse’s investment strategist Jack Siu, said in a note last month quoted by CNBC News. He’s predicting prices to fall back to $1,115 over the next 12 months.
He could be seeing your lower low Bird.
I would say its a lot more than just the summer doldrums coming. Even at this late stage of the game I continue to have serious doubts about the staying power of the existing rally. I do not in fact yet believe that this is a new bull market in either silver or gold in spite of how spectacular the run has been. I have kept quiet about this for awhile now since pretty much nobody wants to hear it anyway but all good things must end and I think this run is almost done and cooked. We will not know for certain until the year is over but I am patient and still believe I will be correct.