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Opening Market Commentary including Rick opinion’s on the strength of the domestic economy

Big Al
July 21, 2016

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With Rick this morning we quickly get his technical outlook for McEwen Mining (MUX & TSX:MUX) and the strength of the US equity markets. Although Rick does not like the looks of the US economy for a number of reasons he does have higher targets.

Around the financial community there are some very conflicting opinions regarding the strength of domestic economy. What do you think?

Discussion
72 Comments
    Jul 21, 2016 21:27 AM

    OK gold and silver bugs be jealous! Profits for me this week: ASM-21%, USLV-10%, DUST-13%. Profits are net after 28% cap gains tax. No commission charges since I trade on Robinhood.

    Jul 21, 2016 21:45 AM

    LPG and everyone. This is incomprehensible all the slandering
    against an innocent party Birdman who was joking about the
    whole matter regarding gold in a bull market.

    Apparently, you guys don’t know the difference in being serious
    and displaying humor.

    Ya right, get out the champagne and raise the white flag and whatever
    else he said in the post that was so obvious of joking around.

    The post was after midnight too.

    There is no celebration for any of these false accusations.

    In fact, gold looks like its going to reward everyone with a nice big pop
    to the downside and paper gold is toxic as a sewer dump.

    This celebration is only going to burning a big hole in all your pockets.

    Really pathetic and this world is soon on its way to the meat grinder or
    burning inferno. ITS ALL COMING TO A VERY BITTER END. !

      Jul 21, 2016 21:59 AM

      I am in no way slandering Bird. I have a lot of time for him.

        Jul 21, 2016 21:06 AM

        This court is now in session. LPG and others need more
        proof than a humorous post that Birdman posted after
        midnight was a serious statement.

        So far all the evidence proves it was a humorous comment.

        The champagne and raise the flag etc. Thats not a serious
        statement.

        LPG and others you need more proof than that.

        YOU GUYS BETTER HOP TO IT. !!!!

        So far Birdman is innocent. Unless he declares otherwise
        or evidence shows he is guilty.

        THE VERDICT LPG AND GANG !!!!

        ●●●●●●●●●●●● NOT GUILTY ●●●●●●●●●●●

        These accusations against Birdman are. FALSE. !!!!

        ITS NOT OVER. !!!

          Jul 21, 2016 21:20 AM

          Hilarious!

            Jul 21, 2016 21:28 AM

            TJ was obviously dropped on his head – probably multiple times.

            Jul 21, 2016 21:29 AM

            Innocent until proven guilty.

            A man can’t be guilty of a crime
            he never committed.

            Unless there is overwhelming
            evidence to prove it.

            One comment or post does not
            prove anything especially all
            the joking around.

            Unless he says and admits guilt
            or more evidence is submitted
            a man is innocent.

            NOT GUILTY ALL DAY LONG !!!

            You guys need more evidence or you
            will be charged for falsified information.

            Jul 21, 2016 21:32 AM

            You don’t know law apparently Matthew.

            You do not come into a court of law
            making derogatory statements either.

            Or you are guilty of contempt.

            Summit your overwhelming evidence or
            drop the case.

            Jul 21, 2016 21:28 PM

            Excelsior, Matthew………please don’t feed it. Let it starve and just disappear……….like it always does.

            Jul 21, 2016 21:16 PM

            Duly noted Vortex. Sorry for feeding the monsters.

          Jul 21, 2016 21:11 AM

          Birdman has been guilty for years of misconduct here on the KER, is abusive and insulting to many, and has run off many good posters here on the KER. We had that trial last year, and he lost big time.

          When we looked back at his track record (and he wasn’t too keen on seeing literally hundreds of posts where he was the agreesor insulting dozens of people on the blog).

          Everyone has an occasional disagreement, or scuffle, but Birdman was the one STARTING most of skirmishes with other people, trampling on their comments, and creating an very unwelcoming environment for new listeners….. when he wasn’t busy going after priests, women, and anyone else he felt like insulting. it wasn’t a good report card, and he tucked his tail between his leg and left….but not nearly long enough…..

          Then he came back as “A Listener”. Of course, he lied about that for the first few months until finally fessing up, but then again he tells tall tales all the time (yep what integrity). When it became clear to everyone that he was up to his old trolling and antagonizing, he got his panties in a bunch and stormed off in a Huff and Puff (like he had countless times before that)

          Then he got all pissy with Big Al and threatened to leave the KER again. Remember these little gems:

          ________________________________________________________________________

          — > On January 11, 2016 at 1:45 am,
          Birdman says:

          BS Al. You have been insulting your bloggers quite a bit lately and have beeb uncivil to Gary.

          —- > On January 11, 2016 at 1:49 am,
          Birdman says:

          Don’t worry Mark. I am about to abandon this site because of what Al just did to Agatha. What a fuc*ing creep. I have just about lost all respect for him and the freaks that populate this piece of sh*t blog. That includes you.

          — > On January 11, 2016 at 1:55 am,
          Birdman says:

          I am pretty sure this is my last day here after that shit*ty stunt Korelin just pulled.

          Dear Agatha…..Get a Lawyer.
          And sue his sorry ass.
          ________________________________________________________________________

          Just when you thought it was safe to get back in the water…… Birdman came back to demonize the KER blog again as Farmer in Canada. That was actually the only time he was somewhat civil in the last few years, and gave lip service to acting better moving forward…… but it ended badly… (of course). This guy can’t seem keep things civil nor handle his desires to disrupt, insult, and antagonize. As a result, the same pattern plays out where he eventually gets his comments deleted and he is, once again, run back off the blog cowering into the shadows.
          _________________________________________________

          Occasionally, other bloggers try to offer him good advice:

          — > On March 18, 2016 at 8:58 pm,
          Vortex says:

          Birdman, I see you haven’t lost your propensity to scrap your fingernails across the chalk board.

          Nothing wrong with being a little feisty and having an opinion, but being a tad humble once in a while does have it’s communicative benefits.

          Just saying.
          V

          * But does he take this advice…… nope. He continues beat on chest and piss on the blog.

          ____________________________________________________________________

          TJ – in response to your not guilty social work a few things:

          1) it was not after midnight where Bird was (he lives in Africa with a turtle remember?), so he wasn’t tired or foggy.

          2) 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.

          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

          3) — > 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!

          4) On July 21, 2016 at 8:22 am,
          Excelsior says:

          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.
          ______________________________________________________________________
          Trader Jake – Let’s put this post in context. Read what Matthew & Brian & I were discussing right before Birdman conceded that the bull was on. You’ll see very CLEARLY why he was referencing drinking champagne….It is because I was discussing doing that when the matterhorn peak from Jan 2015 got taken out.

          *-*

          — > On June 15, 2016 at 11:20 pm,
          Excelsior says:
          ****************** ATTENTION *****************
          Gold is at $1308.50 !! This is about to get interesting.

          If this is an impulse wave up then I want to see Gold close above $1307.80 and $1321.50. If Gold can definitively close above those targets, then I’ll finally celebrate. 🙂

          — > On June 15, 2016 at 11:24 pm,
          Excelsior says:

          Matterhorn:
          https://www.google.com/search?q=matterhorn&biw=1536&bih=888&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwjF2ufP9KvNAhUDVFIKHf9cAiIQ_AUIBigB

          — > On June 15, 2016 at 11:39 pm,
          Excelsior says:

          Gold chart showing the $1307.80 high in Jan 2015 where the uptrend stalled at that time.

          Gold chart also shows $1321.50 trough down that started the whole last 3 years of downwards consolidation. It is key for gold to close above it and put it in the rear view mirror. I’ll break out the champagne and streamers. ******** (TJ, this is was tweety was referencing when he comments on it next).

          —- > On June 16, 2016 at 1:28 am,
          Brian says:

          Ag=US$1550 target based on massive IHS

          — > On June 16, 2016 at 7:46 am,
          Matthew says:

          The action in the miners told us all along that it is really the “It doesn’t Matter-horn!”
          I have stayed all-in and now the portfolio is a quadruple + 30% 😮

          —- > 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.

          — > On June 16, 2016 at 1:27 am,
          billy choe says:

          That is it Bird. we are done here no more bear arguments. From now all the way
          bull bull bull.

          — > On June 16, 2016 at 6:54 am,
          Chartster says:

          Yea but, yea but, yea but..
          Looks like the bear is dead…
          _______________________________________________________________________

          TJ – in the context of that complete section of the thread, did it sound like anyone was cloudy or joking because it was after midnight? (again, it wasn’t after midnight for Birdy + Turtle).

          This was the realization that the Jan high had been breached and that is why it was so significant for all.

            Jul 21, 2016 21:18 AM

            Here’s his classic response where he dodges 3 months of beating his chest about DUST.

            —- > On July 21, 2016 at 12:09 am,
            Birdman says:

            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.

            ______________________________________________________________________

            Luckily for readers on KER – Bob M. enters with some logic and common sense:

            —- > On July 21, 2016 at 2:25 am,
            Robert Moriarty says:

            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.

            Jul 21, 2016 21:24 AM

            *-*

            — > On July 21, 2016 at 6:04 am,
            LPG says:

            Bird,

            I pity you.
            May God help you.

            Luv’
            LPG

            —- > On July 21, 2016 at 8:27 am,
            Excelsior says:

            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 that he was simply wrong (after pounding on his chest that 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.

            — > On July 21, 2016 at 7:30 am,
            Matthew says:

            You nailed it, Ex. F— him.

            — > On July 21, 2016 at 9:21 am,
            LPG says:

            Hello Shad,

            I wrote that I pity him coz I truly think that deep inside, he’s a miserable man.
            I think meds probably help in his case, but God is more “efficient”. Hence my comment.

            Honestly, for me, his attitude was a BIG disappointment – but probably not a surprise for you, Matthew and others…

            No biggy though: as I said, he’s probably miserable and I pity him. I hope he’ll find “the light’, and “internal peace”.

            Best to you as always,
            LPG

            — > On July 21, 2016 at 10:01 am,
            Excelsior says:

            Great comments LPG. I concur, and will try to remember when he is lashing out and insulting everyone that he probably is miserable deep inside. I do wish for all that they find the light and eternal peace as you stated.

            * I’m still hoping for an long term power outage in his African paradise so that he doesn’t project his misery on us moving forward. Not worth the disruption or wading through his insults towards everyone here on the blog.

            —> On July 21, 2016 at 10:21 am,
            Matthew says:

            I’m sure LPG is right but there are plenty of miserable people who don’t feel the need to abuse others.

            His misery can explain his behavior but not excuse it.

            —- > On July 21, 2016 at 10:55 am,
            Excelsior says:

            Agreed 1000% Matthew. Well said.

            Jul 21, 2016 21:39 AM

            Shad/Ex.

            The defendant, Birdman is being charged and accused of declaring he
            posted/stated gold bear was dead etc. Everything else in this matter is
            irrelevant.

            Right now you have only two posts and there was a lot of hysteria and
            joking around at that time. Gold went vertical and its was past midnight.

            To conclude and in order to sustain these charges against the defendant
            we need more evidence that Birdman was indeed declaring the bear is dead
            and gold is in a new bull market.

            There has been a significant time between when he originally posted
            and now. So there must be more evidence to conclude he is guilty in
            this matter in making comments that we are in a new gold bull market.

            The burden of proof is on the plaintiff’s. These is no conclusive evidence
            that is overwhelming his intent was, and he believed we are in a new gold
            bull market.

            There is still no case here. Once again, we need relevant evidence and it
            must be overwhelming to convict a man.

            If necessary, you might need to hire investigators and locate the posts/comments
            proving the same.

            Until then, we have the defendant “not guilty” unless he declares otherwise
            or overwhelming proof is submitted.

            Jul 21, 2016 21:55 AM

            Heavy Hitter / Trader Jake. I really don’t have much more time to spend on this joker Birdman, but maybe you missed the actual thread I just posted up above. Try reading it one more time and see what impression you get from everyone.

            Let’s try this one last time and see if anyone picks up the consensus here:

            ___________________________________________________________________________

            *Trader Jake – Let’s put this full post in context.

            Read what Matthew & Brian & I were discussing right before Birdman conceded that the bull was on.

            You’ll see very CLEARLY why he was referencing drinking champagne…. (Hint: It is because I was discussing doing that very thing when the matterhorn peak from Jan 2015 got taken out, and had just posted about it before he agreed).

            *-*

            — > On June 15, 2016 at 11:20 pm,
            Excelsior says:

            ****************** ATTENTION *****************
            Gold is at $1308.50 !! This is about to get interesting.

            If this is an impulse wave up then I want to see Gold close above $1307.80 and $1321.50. If Gold can definitively close above those targets, then I’ll finally celebrate. 🙂

            — > On June 15, 2016 at 11:24 pm,
            Excelsior says:
            Matterhorn:

            https://www.google.com/search?q=matterhorn&biw=1536&bih=888&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwjF2ufP9KvNAhUDVFIKHf9cAiIQ_AUIBigB

            — > On June 15, 2016 at 11:39 pm,
            Excelsior says:

            Gold chart showing the $1307.80 high in Jan 2015 where the uptrend stalled at that time.

            Gold chart also shows $1321.50 trough down that started the whole last 3 years of downwards consolidation. It is key for gold to close above it and put it in the rear view mirror. I’ll break out the champagne and streamers.

            ******** (TJ, my last sentence there was what tweety was referencing when he comments on the champagne a little while after that).

            — > On June 16, 2016 at 7:46 am,
            Matthew says:

            The action in the miners told us all along that it is really the “It doesn’t Matter-horn!”
            I have stayed all-in and now the portfolio is a quadruple + 30% 😮

            —- > 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.

            — > On June 16, 2016 at 1:27 am,
            billy choe says:

            That is it Bird. we are done here no more bear arguments. From now all the way
            bull bull bull.

            — > On June 16, 2016 at 6:54 am,
            Chartster says:

            Yea but, yea but, yea but..
            Looks like the bear is dead…
            _______________________________________________________________________

            * HH/TJ – in the context of that complete section of the thread, did it sound like anyone was cloudy or joking because it was after midnight?

            (again, it wasn’t after midnight for Birdy + Turtle).

            This was the realization to everyone that the Jan 2015 Matterhorn peak had been breached and that is why it was so significant for all.

            Case Closed. Jury’s out. Schools out for Summer…. Schools out Forever….

            Jul 21, 2016 21:12 PM

            Shad/Ex.

            Sorry, the conclusive proof is not there. Please, only relevancy and evidence
            that the defendant Birdman indeed declared the bear market in gold was
            dead and we are in a new gold bull market.

            So far we have two posts during a hysterical moment when gold exploded
            after midnight. Surely, during all this time there must be comments from
            the defendant he indeed made comments that the bear was dead and
            gold was in a new bull market.

            Until there is overwhelming relevant evidence , the defendant is ” not guilty ”
            by all lawful measures.

            Jul 21, 2016 21:21 PM

            TJ, I think you need to loosen your helmet.

            Jul 21, 2016 21:21 PM

            All the posters, (including Birdman), mentioned the bear was dead, noted the high being taken out, and it’s there clear as da.

            Here is what he said again directly:

            “Guess we are going to have to wave the white flag and concede, Jake. What else can you do? The bugs finally took control.”

            “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.”

            ______________________________________________________________________

            That seems fairly cut & dry and is factual, and posted on the blog for anyone to see that goes to that page, through the link LPG posted above.

            Case Closed. Jury’s out. Schools out for Summer…. Schools out Forever….

            Jul 21, 2016 21:50 PM

            Matthew, maybe I need to degroup or regroup.

      Jul 21, 2016 21:40 AM

      tj…everything bird is getting from this board is what bird asked for over and over….

        Jul 21, 2016 21:02 PM

        Maybe Gator. Still, he is being accused of something
        that still has not been conclusively proven.

        Its just a wrong to accuse someone and without
        overwhelming evidence to prove it.

        There is a law against it and criminal penalties
        can be used for sentencing.

        You can’t claim to be up holding the best interests
        of a community and then break the laws too.

        Its inexcusable !!!

          Jul 21, 2016 21:13 PM

          One more time:

          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.
          —————–

          Clear enough?

            Jul 21, 2016 21:35 PM

            There is still no proof. NONE.

            MORE PIPE DREAMS !!

          Jul 21, 2016 21:16 PM

          Excelsior:

          Providing facts to Trader Jerk is like accepting an invitation to go hunting with Dick Cheney. Trader Jerk is a bible thumping candidate for the funny farm.

          “We ain’t got no facts. We don’t need no facts. I don’t have to show you any stinking facts.”

            Jul 21, 2016 21:24 PM

            Funny. 🙂

            You’re right, I’ll move on to more productive activities.

            Have a good one.

            Jul 21, 2016 21:33 PM

            Mr. Rip Off

            Tell God what a bible thumper I am on the day of your judgment.

            Thats if you continue in this behavior. Not much hope otherwise.

            Until then, enjoy the trip when it comes.

            IT IS COMING. FIRE AND BRIMESTONE.

            Jul 21, 2016 21:45 PM

            Mr. Rip Off

            Gods going to use everything you say against you on the
            day of your judgment.

            By the way, the creation is proof God exists and everything
            was designed. The designer was God, The Father, himself.

            You have no idea what your doing and saying.

            Jul 22, 2016 22:20 AM

            +1

    B
    Jul 21, 2016 21:31 AM

    I think I prefer “the worlds gonna end” “we all gonna burn”.

    Differant than your usual tj you may be correct but I doubt Bird needs any defence.

    Golds position to me is kinda simple right now, if you figure its a commodity its headed down due to the economic slow down, if its a currency its headed up due to devaluations.
    Maybe it really jumps up due to the “madness of crowds” lol

    How ever a person sees it is obviously going to determine their expectations.

    Bird has been hugely instrumental in exposeing the PM frauds, Bob M I do believe agrees.
    Those 2 guys imo are about the brightest around, obviously there are a few decent traders, thats another thing.

    Bird has predicted drops multiple times almost to the hour, he missed a big run up.
    So what? sht happens.
    Birds input is extreamly valuable.
    I was hopeing the ganging up to drive people away was over, I guess not.

    A lack of focus on fundamentals and a greater focus on wider market sentiment means the price will remain volatile, 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.

    Birds not the only person that sees lower lows coming.

      Jul 21, 2016 21:05 AM

      B, there is no defense for Bird’s behavior and he is a bigger fraud than any you claim he has exposed. As I’ve said many times, he’s a pretender. He fools a lot of people because he is CONfident and because his fans know as little as he does.

        Jul 21, 2016 21:29 AM

        +10000000000 % Matthew.

        Ask yourself this week (when Birdman decided to get ugly and hostile with you, me, LPG, Bob M., Dick Tracy) or over the last few years who has repeatedly been in more scuffles, arguments, than “Birdman / A Listener / Jackass / Farmer in Canada”?

        Who is usually at the scene of the crime when there is extended drama = Birdman

        Which blogger pissed Gary off more than Avi had = Birdman

        Who threatened to sue our show host Big Al = Birdman

        Who has had more comments deleted than anyone on the history of KER = Birdman

        ** Anyone else picking up a trend here?

        B
        Jul 21, 2016 21:15 PM

        geez thx mathew, how soon we forget just how correct bird was for how long? oh ya, years. lol

        meanwhile the crowds here cryed the blues enough to drive away just about everyone that agreed with bird.

        You guys called him and jj and a few others “nuts” , heck, Al even called a line up to sell gold in Van a line up to buy, the gold pumping was bad, real bad, and bird stuck to his opinion. Which further drove you guys batty.

        When you really could find no wrong you guys made it personal, with every insult you could hurl, blameing bird.(i no,i no, bird started it, hes the guilty party lol)
        you guys still do. (if he was so wrong whys he bug ya so much? rude? really? surely you can do better than that)

        Remember, he wasnt the only guy you guys attacked, hes just the only one still around.
        As for Gary not being here, you guys listen to Rick A today?

        Dont blame bird for gary, as a matter of fact bird was saying a few times he thought gary to be bright, other times not, guess thats a flip flopper for ya. lol

        To each your own guys.

        Oh, your right about bird argueing, and threatening to sue, you have no idea about deleted comments tho.

        But in my opinion, Bird is much better after a refreshment or two, gets the brains churnin. lol
        Dont mean to encourage the elixers, but geez, some of those rants were histarical classics.
        Good grief I got some laughs from that rapier wit.

        Too bad you guys take everything so personal.
        It really isnt ya know,

          Jul 21, 2016 21:41 PM

          “When you really could find no wrong you guys made it personal, with every insult you could hurl, blaming bird….” – b.

          b.- what planet do you live on and what blog have you been reading that last few years?

          Birdman almost always inserted himself into a discussion with insults, snide remarks, and mocked many posters comments when they were just having a normal discussion. He derails perfectly good discussions or debates by getting ugly, and seems to have no remorse for all the people he tramples on. I have 0 respect for people like that.

          Again, there is nothing wrong with having a differing opinion, but he is rude, curses and name calls like an adolescent, tears people down repeatedly with very little logic or clear thinking, and gets attention on here by being the bully. You get attention by sniffing his superfan.

          That is bad enough, but then he accentuates people’s disdain for him with these definitive announcements, proclamations, and all or nothing statements about how right he is, or to mark his words, or that his record is the best on the KER….and more bla, bla, bla…… Those are funny, because usually a few days later, when he is dead wrong, he magically disappears…

          His content toggles between rude and hostile to over the top ego maniac and narcissist. It’s a shame because, at times, he has some interesting thoughts sandwiched in there, but if a waiter served you lobster with a turd and vomit, it doesn’t matter how good the lobster looks.

          BTW – he admitted and joked several times about giving Gary such a hard time, and ridiculed Gary repeatedly as “A Listener” and “Farmer in Canada”. Gary also brought up with a douche Birdman was being (because we all knew who he was), and cited him as one the posters that wouldn’t stop heckling him. Go back and review the early part of this year through April, and the go pull up Gary’s site during that period and you’ll see who, once again, was at the scene of the crime.

          He has been the cause of deleted comments over and over and over again, because of how far he takes it, so it isn’t about taking it personal (I don’t give a crap what some crusty old dude in Africa that lives with a turtle thinks); it is about how disruptive and negative he always is on the blog, and how many people have left because of his disrespect on the KER blog for years.

          If I could weigh bringing back all the people that left or are scared to post because of him, or just disgusted at all the bickering; [versus] ; Birdman and Original JJ, then I’d pick all the other polite posters with interesting ideas, and that treat one another with some level of civility.

          Bird is not better after a refreshment, he is best during a power outage.

            B
            Jul 21, 2016 21:02 PM

            Thats right, I forgot the turtle.

            Jul 22, 2016 22:38 AM

            For clarity, my opinion is that sometimes Birdman does make good points and comes about things from a different perspective. That has never been the issue….. Further more, I don’t hate anyone on planet Earth, there are just some people that become so toxic, it best to keep your distance or they are best avoided.

            In pointing out his obvious misconduct (for years on here I might add), it’s really more about suggesting a certain level of civility on the board. Nobody has ever been advocating that everyone has to think the same, or be cheerleaders, or be in agreement all the time.

            I’ve been coming here and reading/listening since about 2011, and posting since 2012, and I don’t remember a time where everyone was just buy, buy, buy forever. There are always 3 camps – Bulls, Bears, Sidelined. All that changes are who are in the short-term Bear/Bull/Sideline camps, and who are in the longer-term Bear/Bull/Sideline camps.

            Again, I don’t understand why this is so hard for people to hear…… DIFFERENCES OF OPINION and HEALTHY DEBATES are great learning lessons! Those discussions and conversations can take place tactfully and with at lease some level of basic respect….. and you know it. Everyone can have a bad day, or be cranky, but to be chronically rude, antagonistic, and narcissistic takes it’s toll on everyone.

            The issue is when Birdman derails a healthy debate by getting ugly, throwing the first punch, ridiculing a poster for their comments, name calling, and then taking their comments out of context and then berating them for how naive they are, while at the same time gloating about how wise he is.

            A QUESTION to consider: * If you were a new poster on here, would you even want to post on this board or wade into the water with a shark lurking to come and bite you head off? (I don’t think so…..)

            For some reason, people’s logic loops keep taking them down the wormhole that people that are tired of being verbally attacked, are suggesting they don’t welcome different points of view. (?) I don’t get how people can make that jump, unless they have comprehension problems.

            Nobody is suggesting that all opinions don’t have validity, is the manner and aggressiveness in tearing down other people’s opinions that are at the heart of this discussion. It is about letting people speak their thoughts in a civil way, without having someone come by and crapping all over their post.

            The point is creating an atmosphere on here where people aren’t regularly attacked or insulted just because they shared their perspective..If that keeps happening, then they’ll no longer want to contribute, and that would be a loss of other peoples contributions, and a shame.

          Jul 21, 2016 21:58 PM

          B, you set the bar pretty damn low if you’re impressed with Bird being bearish during a cyclical bear market.
          What should have impressed you was the fact that he could not for the life of him recognize an intermediate term low. Like any dumb sheep he is always extremely bearish at important lows. How do you forget?

          http://schrts.co/dV4nA8

            Jul 21, 2016 21:07 PM

            On May 28, 2014 at 1:34 pm,
            Steven says:
            TOO MANY PEOPLE ARE BEARISH ON GOLD
            That has got to be a contrary indicator.

            On May 28, 2014 at 3:52 pm,
            Big Al says:
            According to Gary we are at or very close to a bottom in gold. Let’s see!

            On May 28, 2014 at 11:41 pm,
            Birdman says:
            He is so wrong I hardly know where to begin. I wish he had never said such a thing.

            http://schrts.co/ub5T33

            Bird has been nothing but wrong.

            B
            Jul 21, 2016 21:00 PM

            Mathew, you miss my point, Bird was bearish yes, but this entire site excluding a couple people were gung ho here we go buy buy buy.
            I do believe a few “god is on our sides” were claimed. lol

            That bearishness is exactly what got this site so upset, other than the smug Im right attitude, but that came from the hurld insults at him for being correct all along.

            Past is past, dont matter anymore.

            I guess you guys dont recall me defending gary when he first got here, alot of people were after him, I was the only one alot of the time.
            Then, low and behold, things changed, now the place cries he is gone.
            Gary never changed a bit the whole time, neither has Bird.

            Jul 21, 2016 21:31 PM

            “Bird was bearish yes, but this entire site excluding a couple people were gung ho here we go buy buy buy.”

            I don’t remember any time over the last few years where the entire site was buy, buy, buy. Most investors on here are savvy enough to time entry and exits into the miners or they buy metals regularly pull backs.

            Personally I’ve never had problems with bullishness or bearishness and I short Gold, short Silver, and Gold Miners quite frequently. My problem is when a poster like Bird is so negative, antagonizing, mocking, or narcissistic that he interrupts reasonable discussions with poison, or proclamations about how great he is.

            I also feel bad for new listeners or people who may want to post, but don’t want to get harpooned by his rhetoric and trolling.

            In my daily interaction with most people on here, I find kind people, with some common ground, that are trying to understand investing in miners. That is why I’m here and I both invest from the long and short side.

            What is inappropriate is Birds attacks on everyone on the KER where he lumps them all into one category – stupid gold bugs, and thinks he has it all figured out. That’s rubbish.

            Why you feel the need to keep defending somebody like Birdman is beyond me, but have fun with that.

            Jul 21, 2016 21:34 PM

            B, you’ve missed my point about Bird for years – as I think many have. It has NEVER been his bearishness that pisses me off, it’s that he’s a complete asshole. The fact that you and others don’t see that says a lot.

            Most would have been better off if they did “buy, buy, buy” rather than listen to a pretender like Bird. I ALWAYS said to buy on major weakness; those who did so for the last three years would feel pretty good right now even if they never took advantage of the many opportunities to sell into strength and buy the position back.

        B
        Jul 21, 2016 21:33 PM

        Your entitled to your opinion Mathew, I think Bird has insight others just dont see.

        He can speak on levels equal to Ron Paul,PCR,Keen,Kotlikoff Rogers Rickards and on and on.

        He is more than “pecking seeds”, and to hear those views is worth a meaningless tirade,insult or flip as you guys call them, here and there.

        And he can be humorous as heck. Ya need the sense of humour to see it tho.

        You think I am decieved..ok…I think you dont recognize it.

        Your a good trader Mathew, ok, as Bird said to Shad, price of everything value of nothing, but as for insights as to what is happening, Im afraid you and Shad dont hold a candle to Bird.
        Neither do I.

        Mr Bob sure as h#ll does.

        There are a couple others that do in their area of expertise, Id love to read Bob and Bird get into a good one.
        Issue is they pretty much agree on everything other than Israel and which way gold is going.
        By the way, Im with Bob 100% on Israel and gold…we shall see.

        And HH, Wayne or Jake whatever he calls himself, he might be right concerning the war threat, but he is nuts, dont count, forgive him.

        Get mad at Al if anyone.

        Just my opinion, Im entitled to it last I heard.
        Lets agree to disagree if we must and move on.

          Jul 21, 2016 21:58 PM

          Everyone is entitled to an opinion b. but come on…..

          2 things you said that I disagree with:

          1) “He can speak on levels equal to Ron Paul,PCR,Keen,Kotlikoff Rogers Rickards and on and on.”

          Birdman has never and will never be anywhere close to on level with those speakers IMO.

          Bob M is a great orator and writer, so I’ll agree with that.

          2) as Bird said to Shad,
          “you price of everything value of nothing,” but as for insights as to what is happening, Im afraid you and Shad don’t hold a candle to Bird.

          That’s a pretty offensive statement, and the fact that you just reiterated it is a bit of stretch since you don’t know my, by beliefs, or what insights I have.

          For me this is an investment site, and once and while I’ll weigh it briefly on politics, but I feel all the political talks and economic debates on here are mostly worthless.

          I rarely unpack my personal philosophies on spirituality, politics, sports, or philosophy on here, because in my opinion it is not really the best venue for that. It’s an INVESTMENT forum – the Korelin Econmic Report.

          People spend all day trying to get the other to see the virtue of their candidate, or you like to consistently tear down the history of the USA, and plug the benefits of socialism. Why would I want to spend a moment of my time to discuss deep issues with people like you that focus on slavery & war, but neglect that most of the greatest innovations of the last 200 years came because of capitalism, innovation, and freedoms allowed in the USA. Planes, trains, automobiles, computers, health innovations, food innovations, writers, painters, philosophers, peanut butter, and the Constitution.

          So basically, you have no idea what I believe or can speak to but I don’t waste my time with people like you on a public forum.

          “A man convinced against his will, remains an unbeliever still.” – Unknown (but appropriate)

          “If we would learn what the human race really is at bottom, we need only observe it in election times.”

          – Mark Twain

          “If voting made any difference they wouldn’t let us do it.”

          – Mark Twain

          “Patriotism is supporting your country all the time, and your government when it deserves it.”

          – Mark Twain

          “Never Argue with Stupid People, they will drag you down to their level and then beat you up with experience.”

          – Mark Twain

          Jul 21, 2016 21:02 PM

          Re: “He can speak on levels equal to Ron Paul,PCR,Keen,Kotlikoff Rogers Rickards and on and on.”

          &

          “…but as for insights as to what is happening, Im afraid you and Shad dont hold a candle to Bird.”

          —————-

          Those are two of your most absurd assertions, B. To find out why you are so easily snowed, click on this link: https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

            Jul 22, 2016 22:11 AM

            Great post Matthew. I didn’t realize there was a name for that condition:

            Dunning–Kruger effect

            There are a few other people I’ve met in the journey of life, who’s behavior and decisions just made more sense.

            Very helpful.

      Jul 21, 2016 21:27 PM

      b, you have no discernment anyway. Listening to you is like
      taking tips from the shoe shine boy.

      Your like an old dog, always sniffing around and keep
      your nose off my behind too. Always following me around.

      I can stand on my own in here too. Not here to make
      friends with the heathen.

      Sniff some else’s behind , b.

        Jul 21, 2016 21:33 PM

        + 1

          B
          Jul 21, 2016 21:16 PM

          you guys are funny

            Jul 21, 2016 21:58 PM

            I’d rather be funny than Birdman’s toadie.

            Jul 21, 2016 21:00 PM

            TOP DEFINITION
            Toadie

            A side kick, a tag-a-long, one who is sent to do the dirty work.

            Jul 21, 2016 21:41 PM

            B, is a pant sniffer and a underware chaser.

    Jul 21, 2016 21:41 AM

    Jeremy Corbyn leader of the UK Labour Party said today, and a I paraphrase “i choose to forget the past insults, it makes it easier to think about the future”, I agree don’t waste mental energy on the past

    Jul 21, 2016 21:49 AM

    That is not to say I agree with Jeremy Corbyn, or other things that have happened on this site

    Jul 21, 2016 21:58 PM

    In fact, I have no beef with anyone here just representing
    the truth.

    Exceptions are Mr. Rip Off Immortality, Hick Bill Blow Hard,
    Mr. b, who sniffs your underwear.

    These are the vermin at the very bottom of the food chain.

      Jul 21, 2016 21:19 PM

      All 3 of these godless antichrist’s who continue to keep
      this up and refuse God, will all hold hands in the lake of
      fire.

      The judgments are in the cue and soon to be released.

      Nuclear war is not far fetched and when it happens you
      won’t have time to change your minds.

      Reverse your godless ways before the hammer is dropped.

    Jul 21, 2016 21:41 PM

    The unforgivable sin, is rejection of God The Father
    and Christ Jesus.

    You better listen Moriarty. It’s your eternal life at risk.

    Just reading this will be a witness against you on the
    day of judgment. Unless you turn to God before you
    are judged.

    So, wise up !!!

      Jul 21, 2016 21:40 PM

      Trader Jerk:

      You are one sick puppy. You need help.

        Jul 21, 2016 21:16 PM

        Bob, don’t feed it……..It craves acknowledgement above all else. Acknowledgement is its food, its power base……………. so just stop feeding it and hopefully it will disappear again.

        V

          Jul 21, 2016 21:29 PM

          You’re on the way to the same place
          Vortex. You keep this up.

          You can hold hands with Bill and
          Mortie in the lake of fire.

          All compatible buddies.

          B
          Jul 21, 2016 21:53 PM

          Youve done it now V, your burnin for sure.

        Jul 21, 2016 21:18 PM

        No, Mortie

        You keep this up where you’re going
        into the bottomless pit is beyond any
        help.

        Maybe, that’s the best place for a guy like you.

        HAVE A GOOD TRIP !!!

        Dress lightly, enjoy the hot lava !

        You sure are asking for it.

    B
    Jul 21, 2016 21:18 PM

    can you give us a surmon on sunday tj? please?
    sounds like shad will be front row. lol

      Jul 21, 2016 21:22 PM

      b, if he is, you will be right there sniffing his under ware.

      Warning to Shad.

      The sniffer is still at large.

        Jul 21, 2016 21:55 PM

        QUESTION……….Is B , JJ , HH , BIRD , ….The same person.

          B
          Jul 21, 2016 21:49 PM

          No B is just B, I was bb for awhile till someone stole the moniker.
          Think those are the only 2 Ive used.
          HH is who really knows? tj sounds pretty much like him, wayne maybe?
          Bird, farmer and listener are all bird.
          listener when he wasnt commenting alot, farmer and bird are clues.
          But thats the only clue Im givin, more is up to bird.

        Jul 21, 2016 21:56 PM

        Thanks. I don’t want b anywhere close to me doing any sniffing of my underwear.

        It’s hard enough just trying to have a logical conversation with him.

          Jul 21, 2016 21:57 PM

          I’m not too worried though, his head is so far up Birdman’s arse that he’ll be busy with that and making excuses for that Farmer in Canada for quite some time…

          Jul 21, 2016 21:20 PM

          Wise choice !

            B
            Jul 21, 2016 21:51 PM

            Guys, could we get more childish please?
            There is not enough entertainment here lately.
            Thanks.

            Jul 21, 2016 21:17 PM

            b has it ever occurred to your brilliant mind, that I don’t want to have conversations like this?

            You continually bring my name up to keep the discussion going. You did it 3 times earlier this week with your Nevsun nonsense, and specifically made snide remarks and made a point to name me specifically. Previously, I had disagreed with you but only posted official press releases & a 3rd party audit and report.

            Now, up above you just specifically named me directly again with another snide comment and you wonder why I responded?

            Here’s what you said in case you’ve already forgotten:

            ______________________________________________________________

            On July 21, 2016 at 2:18 pm,
            B says:

            can you give us a surmon on sunday tj? please?
            sounds like shad will be front row. lol

            _______________________________________________________________________

            I am starting to wonder why you keep pursuing me, and I believe it is because you don’t like it when people report on the way Birdman acts.

            In addition, you’ve continued to bring up your asinine reasoning about buying the Kitco list, because you repeatedly mocked a number of speakers and contributors comments about being selective in their stock picking. I’ve shown you through repeated charts all year long the those that picked the smaller Jr Silver, outperformed the larger and mid cap gold and Silver companies featured on Kitco.

            Since you seem to struggle with common sense, let me translate. Being selective provided returns that dwarfed the returns in buying the Kitco list. Instead of thanking several of us that were providing most of the very companies that outperformed hundreds of other, you’ve been keeping that illogical argument going.

            Please give it rest, quit following me around, and quit bringing my name up in your posts with all the silly comments, and you won’t get silly responses.

            I’m here for sharing investing ideas not for discussions like these.

            b – I have no interest in furthering this discussion with you and this quote sums it up:

            “Never Argue with Stupid People, they will drag you down to their level and then beat you up with experience.”

            – Mark Twain

    Jul 21, 2016 21:08 PM

    Doug Casey was right about the general make up of the human population, and I paraphrase his brilliant analysis.

    Out of 100% of the species with 80% being generally good people, 20% of that number are generally the incessant trouble-makers, malcontents and unstable elements of the population.

    Then you take the 20% of that 20% and you have your real nasty collection of ill-tempered, unsociable, and even the sociopathic types with in that smaller grouping.

    I think we can all agree as crazy as it sounds, that even right here on KER, we are witnessing a sliver or manifestation of that small element of the smaller 20%.

    Virtually all of the time the concentrated destructive 20% of the 80% which are the volatile ill-tempered/malcontents simply can’t be reasoned with. The direction of the site dialog bears that out when a small element of agitators show up to overwhelm the discussion.

    I know it’s difficult but try to limit the feeding of this illogical doomsday cult of idiocy, because that only empowers a childishly slanted, idiotic and shallow doctrine of hopelessness.

    V

      Jul 21, 2016 21:24 PM

      Vortex, all you do is circle around the drain.

      You’re included with the trio that will be holding
      hands in the lake of fire. You keep this up.

      Everything you say will be used as a witness
      against you.

      Btw, have a good trip.

    Jul 21, 2016 21:38 PM

    All these comments are all recorded by God, The Father.

    Turn from your godless ways now. Judgment is eternal
    fire.

    YOU ARE PLAYING WITH FIRE !