Weekend Special – Sat 16 Sep, 2017

Bitcoin versus junior miners. Ryan Ko and Big Al elaborate.

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Ryan KoAl Korelin
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  1. On September 16, 2017 at 11:15 am,
    CFS says:

    Unregulated……………so consumer be very aware; that’s understood by most.

    Is it really better to highly regulate?
    Are not many more mining speculations not MORE risky than some crypto-tokens?
    (I don’t know the answer to that, but I suspect it to be true.)

    So venture funding for some computer company start-ups has been replaced by crowd-funding via cryptocurrencies. What’s the big deal?
    Instead of someone who knows little about cryptos, Brian Ko, why not interview someone who has a history of speculation in the area; such as Bix Weir, or one of the many Youtube channels, Jsnip4, Dollar Vigilante or even Doug Casey, who just put $100,000 into cryptos?

    • On September 16, 2017 at 12:07 pm,
      OOTB Jerry says:

      “why not interview someone who has a history of speculation in the area; such as Bix Weir, or one of the many Youtube channels, Jsnip4, Dollar Vigilante or even Doug Casey, who just put $100,000 into cryptos?”………………….DITTO

      • On September 16, 2017 at 12:08 pm,
        OOTB Jerry says:

        Clif High……would be a good one to interview…….

      • On September 17, 2017 at 9:39 am,
        OOTB Jerry says:

        GOOGLE WANTS IN ON THE ACTION>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

      • On September 17, 2017 at 9:53 am,
        Big Al says:

        Ryan is an extremely bright individual who brought this subject to my attention. I will take both of your suggestions, but at the same time ask Ryan to continue to be involved.

        I appreciate both of you suggestion Jeffy and CFS.

  2. On September 16, 2017 at 11:21 am,
    CFS says:

    Is there a lot of fraud going on in cryptos? You Betcha. Some crooks are always around looking for easy money.

    Is there a lot of fraud going on in mining ? You betcha. Some crooks are always around looking for easy money. As regards regulation in PMs and mining……What a joke!
    CFTC Blind……they care not one jot about manipulation via massive excess paper.

    • On September 17, 2017 at 9:57 am,
      Big Al says:

      Professor, of course, there is a lot of fraud in most aspects of the financial/investment community. That goes without saying as does the fact that: “if one is going to invest without the use of a competent adviser that person better have a significant amount of experience and hard knowledge.

  3. On September 16, 2017 at 12:13 pm,
    Robert Moriarty says:


    Name one financial instrument that isn’t manipulated.

    • On September 16, 2017 at 1:36 pm,
      Dick Tracy says:

      I sold silver when it went to $49 based on your predictions, James Dines, and Peter Grandich. I am always a good listener. DT

      • On September 17, 2017 at 9:58 am,
        Big Al says:

        As, hopefully am I DT

    • On September 16, 2017 at 2:47 pm,
      CFS says:

      I did not say “invest in cryptos”

      I did not say “don’t invest in mining”

      I can not remember even saying any financial instrument was not manipulated.

      What I have said is “lack of knowledge is highly dangerous”, because “it is what you don’t know that gets you”.

      I think you believe, however, “Nobody Knows Anything” .

      • On September 16, 2017 at 8:54 pm,
        CFS says:


        Jeff Berwick discusses BTC and Jamie Demon.

      • On September 17, 2017 at 4:34 am,
        Robert Moriarty says:


        If you are going to complain about manipulation when you understand all financial markets are manipulated, it’s exactly the same about squawking about birds crapping in the park or ants coming to your picnic. They all do it and complaining is a total waste of time.

        There is no massive excess paper in commodity markets, every contract has a buyer and a seller and margin or the commodity. How can there be excess?

        • On September 17, 2017 at 10:05 am,
          Big Al says:

          Hi Bob,

          I am not sure that CFS is exactly complaining.

          • On September 17, 2017 at 2:20 pm,
            Robert Moriarty says:


            Of course he is. Here’s what he said, “CFTC Blind……they care not one jot about manipulation via massive excess paper.”

            I don’t much care for any government agency but since when is there excess paper in a market that has a willing buyer and a willing seller for every contract and all financial markets are manipulated.

          • On September 18, 2017 at 10:24 am,
            OOTB Jerry says:
      • On September 17, 2017 at 10:03 am,
        Big Al says:

        Interesting title for his book, but I have to say that perhaps in the context that Bob is writing he is probably correct, but as an absolute statement he is not.

        I have read three of his books and they are interesting.

    • On September 17, 2017 at 9:58 am,
      Big Al says:

      Thanks Bob, I hope that all is well with you and Barbara!

      • On September 17, 2017 at 2:21 pm,
        Robert Moriarty says:

        We are doing well and were totally out of the path of the hurricanes. They were terrible to go through and the cost will be high. Many islands will not recover for years. All of Florida was affected. Thanks for the thoughts and all our best to you and yours.

  4. On September 16, 2017 at 12:50 pm,
    james says:

    Don’t Be Deceived ! Only Gold ! https://www.youtube.com/watch?v=gTe2lwxzdOc

    • On September 16, 2017 at 1:05 pm,
      OOTB Jerry says:

      Gold yes………GOLD is resting……maybe two more years…..jmo

      • On September 16, 2017 at 1:05 pm,
        OOTB Jerry says:

        Gold will be the last man standing……..jmo

        • On September 17, 2017 at 10:07 am,
          Big Al says:

          Eventually, of course you are correct, Jerry and that is the exact reason that I have never sold any of our gold or any of our silver.

    • On September 16, 2017 at 2:59 pm,
      james says:

      Nr 1 GOD ! Nr 1 Money GOLD !

      • On September 16, 2017 at 3:44 pm,
        OOTB Jerry says:


  5. On September 16, 2017 at 12:53 pm,
    Matthew says:

    Bob Hoye (and Ross Clark) have it right about bitcoin…


    • On September 16, 2017 at 1:03 pm,
      OOTB Jerry says:

      This is not an argument……..
      ….but, Hoye’s Guru Rating ….is 40% or was 40%…..that means he was wrong 60% of the time…..just saying……….. 🙂
      Please no hate mail, and I know you are spot on concerning metals……

      • On September 16, 2017 at 1:38 pm,
        Matthew says:

        As you probably remember, I disagree with Hoye often because he is a deflationist. My best call against his was when he became very bearish silver in August 2010 while I became so bullish that I borrowed from my broker to buy silver stocks. Silver then went from around 18 to near 50. Nevertheless, Hoye and his chart guy Clark are right more often than not with their important calls.

        The Guru rating is junk in my book since it is based on public comments that often change for subscribers well before the “guru” is wrong. In addition, when technicians share what they think will happen, it is often completely different from what their analysis tells them will happen yet the dumb Guru score will hold those opinions against them. So the score is useless for sizing-up guys I like AND for guys I don’t like.

        More importantly, investors should learn enough about what they do to come to their own conclusions about value. I, for one, don’t need a third party telling me who is worthy of my attention. In most cases, that’s like asking a bellboy what he thinks about the way a hotel is being managed.

        • On September 16, 2017 at 1:42 pm,
          Matthew says:

          Regarding technicians’ opinions, Rick Ackerman will tell you that his HP method is right far more often than he is.

        • On September 16, 2017 at 2:21 pm,
          OOTB Jerry says:

          ” like asking a bellboy what he thinks about the way a hotel is being managed.”……beware of undercover bosses…….. 🙂

        • On September 16, 2017 at 2:23 pm,
          OOTB Jerry says:

          I, for one, don’t need a third party telling me who is worthy of my attention. ……a big ditto on that one, if I did I would have been gone a long time ago……….. 🙂

        • On September 17, 2017 at 10:13 am,
          Big Al says:


          The bell boy analogy is very, very true. (Hate to use to similar adjectives in the same sentance, but I wanted to make a point here!

      • On September 17, 2017 at 5:28 am,
        OOTB Jerry says:

        What are your thoughts concerning Bob Hoye’s call for silver to be 100 to 1 ratio to gold.
        His comments were made on Aug 20th on FSN..and Youtube…….thanks OOTB

        • On September 17, 2017 at 5:30 am,
          OOTB Jerry says:
          • On September 17, 2017 at 5:31 am,
            OOTB Jerry says:

            Aug 30th…….not Aug 20

        • On September 17, 2017 at 1:24 pm,
          Matthew says:

          Jerry, I disagree with that call but it is definitely possible and could happen quickly if the stock market crashes.

          • On September 17, 2017 at 2:01 pm,
            OOTB Jerry says:

            Thanks for the follow up………I also, disagree with Hoye on this 100 to1 , but, like you said it is possible….anything is possible.

          • On September 18, 2017 at 6:42 am,
            Robert Moriarty says:

            OOTB and Matthew:

            Bob Hoye’s prediction is one of those things that might be right and might be wrong. But if it happened, selling gold at a 1-100 ratio to silver would be the investment opportunity of a lifetime and the spread trade is offered at about a $6000 margin. If I saw it happen, I would hock the family jewels to make the trade. It might go to 100-1 but never in history has it gone to 105-1.

          • On September 18, 2017 at 7:07 am,
            OOTB Jerry says:

            Thanks BOB……..
            attached please find a 100 yr chart for GSR…….(for those interested concerning history)
            I think, I would have to agree with you on your statement, “investment of a lifetime” if it should occur …….

          • On September 18, 2017 at 7:33 am,
            Matthew says:

            Robert, it could easily be an error but stockcharts shows a GSR high of 105.66 in January, 1991.

            I agree completely about the opportunity that would represent and would swap a lot of gold for silver.

        • On September 17, 2017 at 1:25 pm,
          Matthew says:

          Btw, I do not think stocks are going to crash but a bear market is coming.

          • On September 18, 2017 at 3:56 pm,
            Robert Moriarty says:


            I rarely find myself in disagreement with you but I smell a true crash around the corner. And I’ll be willing to say silver has never gone 106-1.

      • On September 17, 2017 at 10:10 am,
        Big Al says:


        I would bet that the 40% figure is probably accurate for most of the “gurus”. That is certainly better when you realize that some of the “big ones” have not been correct yet on any, what I would call, major predictions.

        Kind of interesting to me that they are still considered the “big ones”. I guess that shows the power of advertising!

  6. On September 16, 2017 at 1:22 pm,
    OOTB Jerry says:
    • On September 16, 2017 at 1:31 pm,
      Dick Tracy says:

      What Jamie buys means nothing except that he sees an opportunity to make money on a flip based on other’s stupidity.

  7. On September 16, 2017 at 5:18 pm,
    CFS says:
  8. On September 16, 2017 at 5:53 pm,
    CFS says:

    My first reaction on hearing Jamie Dimon condemning Bitcoin, was that he is manipulating the price down in order to buy.

    Bix Weir confirms that suspicion:

    Crooks like Jamie Dimon , who lie and intentionally mislead, deserve to be in jail for market manipulation.

    CFTC regulator? What a pathetic joke.

    • On September 17, 2017 at 5:18 pm,
      Markedtofuture says:

      Jim Rickards‏ @JamesGRickards 20h20 hours ago
      Jim Rickards Retweeted bob arsenault

      I’ve confronted Dimon on live TV many times including @MariaBartiromo’s show. Dimon is the head of the world’s largest criminal enterprise.


  9. On September 16, 2017 at 7:56 pm,
    CFS says:

    NOT A RECOMMENDATION for or against:

    The ICON cryptocurrency ICO coming up for presale 9/20

    The concept of this ICO is enabling of communication between different blockchains.


    Originator is an ex-silicon Valley Korean, returned to South Korea.

  10. On September 16, 2017 at 7:59 pm,
    CFS says:

    Interview with ICON originator:


  11. On September 17, 2017 at 1:41 am,
    Jim L. says:

    I appreciate hearing Ryan Ko’s views on the gains of the crypto-currency market over the gold market, and that the unrestrained creation of many new different crypto-currencies will eventually reduce the bids in the crypto-currency market which will create losses for many speculators of cryto-currencies.
    Also, how useful is your cryto-currency when a catastrophe or major war shuts down the electrical grid or access to the internet? History shows if you have some gold or silver coins in your pocket, you may be able to buy or bride your way out of danger.

  12. On September 17, 2017 at 2:37 am,
    my 2 cents opinion says:

    Crypto is desired by the banking sector.

    The payment and the settlement occur at the same time. This speeds up commerce.
    Cash Flow gets better. Velocity of money improves.

    Anyone who thinks this isn’t globally implemented already is dreaming.

    i witnessed $100MM transaction in Ripple between London and Calgary,

    BitMex offers 100X leverage. BTC/JPY pair will soar shorting JPY in october.

    Bitfinex.com is out of Hong Kong. Best i have used.

    Bitstamp.com is europe.

    Bitshares.org has Russian Rubble pairs. Gold, Silver derivatives.

    Vaultoro.com is out of London sell Gold leverage in smart contracts.

    Ethereum ERC20 tokens are being used for smart contracts. Solidity is the language used by programmers, ETH will be $2000 a coin by 2018 Sept.

    25 million users of bitcoin out of 7 billion people. the growth will be insane by 2022, you will see 6x adoption rate speed that cell phones had.

    Dollar will fall. Dollar will then get short squeezed, foreign dollars coming home have an issue. how do you bring 3 trillion home to america all at once… if they don’t exist in paper form and the banks are closed or dont have the capital to convert the transaction… credit freeze in 2 years, china wants to take over fed reserve, will lease gold to usa in exchange for making policy on spending, issueing of currency, and war policy! Trump rejects them.. then they sell yuan 4 gold oil futures to saudi.

    Gold is big part of future. America has gold in the ground in california, in grand canyon in many places. America has 3x saudi resources in green river formation enough to power usa for 100+ years. The game is to exhaust fiat money and then go to gold.

    North Korea is less important than Antartica.

    What is down in Antarctica will kill the oil industry. It will power, and provide economic growth for planet earth for next 300 years.

    I think the oil cabal is about to have their heads handed to them.

    SDRL is one of many chapter 11.
    The final chapter 11 is the united states itself.

    The USD was engineered to be destroyed from day 1. Its the perfect fraud, its legalese has used the words “The United States of America” on the federal reserve note, where the Silver Coin says just “United States”, the difference is the word “The” and in law this word is an Adverb and changes the condition of state of the words adjacent to it, suffice it to say, the world has accepted a fraud, that eventually became legal by having crooks hijack the courts and collude with the government, this all ends in the end game.
    The game is to rig the silver, gold and when china movers to gold they will get their 3.5X move in gold…fine, but usa gets a much bigger move in Silver. Mexico become wealthy overnight in oil and gold, canada overnight in gold trees land and oil, the usa gets to have everyone else pay fors its debts to some degree and rest the system and start over.

  13. On September 17, 2017 at 5:19 am,
    OOTB Jerry says:
  14. On September 17, 2017 at 7:13 am,
    CFS says:

    And speaking of Faces……

    This is not a terror attack:


    and De Nile is a river in Egypt.

    • On September 17, 2017 at 10:18 am,
      Big Al says:

      Among other things, CFS, it is.

  15. On September 17, 2017 at 7:48 am,
    Markedtofuture says:

    Here’s What Your Identity Sells For On The Dark Web

    Millions of Americans who trusted Equifax with sensitive personal and financial data, including social security numbers and credit-card information, are now nervously wondering whether they will be among the unlucky minority of affected customers whose identities are successfully “repurposed” by online criminal groups.


    • On September 17, 2017 at 10:20 am,
      Big Al says:

      Markedtofuture, the Internet certainly does pose a lot of personal risk!

    • On September 17, 2017 at 9:49 am,
      OOTB Jerry says:

      Block chain for dummies……….google it………..

      • On September 17, 2017 at 10:22 am,
        Big Al says:

        Thanks for this link Jerry!

  16. On September 17, 2017 at 1:29 pm,
    Steven Rowlandson says:

    One ounce of silver or gold has more value, reality and credibility than all debt based fiat and crypto-currencies on earth. That is what the powers that be fear. If people ever really wake up and face the truth en mass it is all over. The wise and powerful will have the metal to trade and everyone else will be bartering or worse. Everything since the end of the dark ages is at risk.

  17. On September 17, 2017 at 3:23 pm,
    OOTB Jerry says:

    HOpe we are not going to test…….1307 again……

  18. On September 17, 2017 at 4:42 pm,
    OOTB Jerry says:

    Bleaching the Streets in San Diego………….WHERE IS SD MARC………..

  19. On September 17, 2017 at 4:59 pm,
    OOTB Jerry says:
  20. On September 18, 2017 at 10:13 am,
    OOTB Jerry says:

    BIG OWL>>>>>>>>listen to this one……..for a christian perspective……..

  21. On September 18, 2017 at 5:14 pm,
    Markedtofuture says:

    Trump-Hating Emmys Hit All-Time Ratings Low

    Adjustments might take a little of the sting out of the news that Sunday night’s Emmy telecast was a ratings catastrophe, but any adjustment will only make the nightmare a little less nightmarish. Instead of being the lowest-watched Emmys in its 69-year history, Sunday night’s telecast might be able to squeak into the second-lowest.

    As of now, though, it looks as though all that promised Trump-hating resulted in a record low, which is especially shocking (at least to bubbled Hollywood) because last year everyone was certain the bottom had been hit.