Commodities and companies

May 14, 2011

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In this show Al discusses:

  • Segment 1 – Al and Trader Rog open up the show discussing, what they believe are the current floors in commodities and why they are at these levels.
  • Segment 2 – From Kosovo, Mickey Fulp and Brent Cook discuss Avrupa Minerals.
  • Segment 3 – Certified Market Technician Jordan Roy-Byrne discusses silver prices from a technical standpoint.
  • Segment 4- Analyst Steve Taylor and Al close out the first hour with a discussion of the current disconnect between precious metals’ prices and  precious metals related companies’ share prices.
  • Segment 5 – Al discusses the evolution of International Tower Hill Mines and Corvus Gold with Jeff Pontius, the CEO and Chairman of Corvus and a Director of International Tower Hill Mines.
  • Segment 6 – From Toronto, Randy Turner discusses recent articles in the Wall Street Journal and The New York Times concerning gold exploration in the Yukon and describes his company’s activities in the area.
  • Segment 7 – Al and Keith Schaefer discuss oil prices and investing in the energy sector.
  • Segment 8 – Al and Peter Grandich discuss taxation, the role of government and basic social issues.

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

    May 14, 2011 14:41 AM

    Good Morning Matthew,

    I read Jeff Berwick’s article as you suggested. (Silver Acton a Reminder of the Risks of the Paper Market) He makes a point that I think a lot of folks don’t realize.

    I would recommend this article to all listeners. The link is found within Matthew’s comment pertaining to the Kitco Radio segment on Thursday, May 12th.


    Big Al

      May 14, 2011 14:12 AM

      Good morning Al,

      It just dawned on me that you should have Mr. Berwick on your show. He was interviewed somewhere else recently and was very well spoken and very interesting.


        May 14, 2011 14:28 AM

        My thoughts exactly. I will look into this on Monday.


    May 14, 2011 14:18 PM

    I like Jordan’s analysis and have liked his articles on Kitco. Good balance of ideas. There seems to be a bit of convegence of silver around 34 and gold around 1500,so the tops of 2004 and 2006 might be a nice model. I am worried if we get a major credit event like in 2008. Silver topped at $21 in 2008 and then spent some time trading around $15. Then a couple of months later we got the plummet to under $9. I am worried that we will get a bit of trading around $30-35 and then what? Do we get a big crash to let’s say $21? We seem to have have had it a bit easy if $32 is the bottom of this correction somehow. QE2 hasn’t eneded yet and the Euro debt crisis is ongoing but not in full crisis mode. I am jittery here. I liked the way the silver stocks held up but the major one listed on the London exchange took a tumble last week even though silver was still over $30.

      May 15, 2011 15:58 AM

      good comments,,,maybe we could have Roger give us some insight on this issue

        May 16, 2011 16:35 AM

        Hi Jerry,

        Just discussed this with Roger and it will be the subject of one of today’s Daily Editorials.


        Big Al

          May 16, 2011 16:47 PM

          thanks AL

        Feb 03, 2014 03:20 PM

        Fell out of bed feeling down. This has brghnteied my day!

      May 15, 2011 15:33 AM

      Dave, thanks for the comment. Silver is already quite oversold on a technical and sentiment basis. I’m looking at 29-30 as the bottom. Thats a 40% correction. 2008 will not be repeated but I would focus on China, as I see that as the big risk for Gold & Silver over the next few years. Your concern is also another reason to favor Gold over Silver.

        May 15, 2011 15:48 PM

        Hi Jordan,

        I feel fairly strongly that China will definitely continue to buy gold. Why would they have started if they had any intention to stop or to begin selling.

        I believe that China would like to see a return to an asset based system for the “currency of last resort.” Not quite so sure about silver, but I still feel more positive than negative on this commodity also.

        Again, nice job on the show.

        Big Al

          May 16, 2011 16:07 AM

          Al I agree. I am only looking 2-3 years out and that is one of the few risks I see for Gold….if China has major problems that would curtail their buying. But they do have trillions in reserves and a high savings rate to buffer any economic weakness. I am actually very bullish 2012-2013 and expect, based on the technical evidence and my work, Gold & the mining stocks to accelerate higher at a faster pace.

            May 16, 2011 16:04 PM

            Thanks a lot Al, Roger and Jordan for the replies and also Al and Rog for the Monday segment answering my comment! I got a little kick from seeing my name in lights!

    May 14, 2011 14:51 PM

    The United States lost Gods blessing many years ago, around the time abortion became legal.

    May 14, 2011 14:56 PM

    Also God made Gold and Silver, man created fiat currency.

      May 14, 2011 14:44 PM

      Paul S.

      I agree with you on both counts.

      Big Al

    May 14, 2011 14:16 PM


    May 14, 2011 14:47 PM


    I actually think that we have been rejecting his message for longer than that. In my mind it just became more apparent starting in the early 60’s.

    But, rest assured, not everyone is corrupt. I have definitely found that to be the case. It is important for us; however,to separate the wheat from the chaff.


    Big Al

    […] Click Here, it is segment three. Jordan Roy-Byrne, CMT is the editor and publisher of The Daily Gold. Visit the newsletter page for information on our premium service. Jordan Roy-Byrne, CMT View all posts by Jordan Roy-Byrne, CMT Jordans website […]

    May 15, 2011 15:55 AM

    Steve Taylor interview was one of the best this year. It clearly explains the role of Gold Juniors relative to bullion. He is right on the money.

    May 15, 2011 15:17 AM

    Hi Jed,

    I agree with you completely.

    Steve is more involved with us than he has been in the past and he will be a regular contributor to our shows. (Both the weekend editions and the daily editorials.)

    You okay with the amount of companies we are now discussing?

    Big Al

      May 15, 2011 15:33 PM

      Al: I like that you are discussing more companies and appreciate the fact that you have been so responsive to my and others request. Many of the companies now discussed have opened up new possibilities. However, there are a lot of companies we have not heard from in a long time that used to covered almost weekly — Animas, Timmins, Extorre (more recent), Exeter. And the rare earths– Rare Element Resources, Quest. Through the previous coverage, you get your listeners interested and established with positions (that’s our choice, not yours). And then, we want to keep up. We want to hear a voice to support our conviction. I think that covering newer and a diverse mix of companies is great. But I have been very fornate with many of the companies mentioned and don’t understand why we are not hearing from them. I don’t know if you still interview Jeff Phillips but he is exceptionally good. Anyway, the interview by STeve Taylor was one the most important ones I have ever heard. His comments were simple, straightforward and brilliant. As ateaching tool, I will listen to that interview many many times.

      Take my pickiness as a compliment. If someone takes the time to make requests, it just shows you how important the show is to that person. And if one person voices that opinion, that are likely 100s of others that are thinking the same thing.

      I am always excited to listed tot he program art the end of the day. Jed

    May 15, 2011 15:26 PM

    HI AL, & friends Please go to GATA. Zimbabwe’s central banker urges gold-backed Zimbabwe dollar. wouldinit it be ironic if the leaders of a 3th world country ( That went broke), were to kick start the gold standard. The elite, & the big banks would not be happy, but it could give the U.S. military, an excuse to invade another country, only this time not for oil, but for gold…………

    May 15, 2011 15:50 PM

    Hi saneirishanthony,

    I will take a look at this and very possibly interview Bill Murphy on this subject.



    May 15, 2011 15:13 PM

    You boyz see this interview with Jim Rogers…worse than 2008? Yup.

    And I bet that chickey’s butler does her shopping….All this talk of the yawn has me tired. Time to get some shut eye….

      May 16, 2011 16:15 PM

      Great interview.

      And Ken, you need to work a bit on your humor.

    May 16, 2011 16:57 AM

    Al, if you want to bring the Bible into public policy, I suggest you start with the sabbath year and jubilee year. Every seventh year, all debts are cancelled and slaves freed. Every 49th or 50th year, all land sales are cancelled. Biblical references are at .
    Michael Hudson provides historical and economic analysis at If this practice of sabbatical and jubilee years prevailed today, the housing/mortgage bubble and many other destuctive events would have been impossible.

      May 16, 2011 16:54 PM

      taxpayer,,,,,great post….
      THIS TO ANY DEBT.. they will see why the Lord wanted forgiveness
      to apply in the 7 year forgiveness rule. This applied to the old bankrupcy laws, which have just been changed and the new student loan rule, which can never be forgiven(this is bondage for life) The bankruptcy laws were changed to protect the bankers, and keep the chains of bondage going for ones entire life,
      The orginal signers of constitution knew the biblical law of the 7th. year rule
      this is why it has been law until recently . The people have turned their backs on the Lord , they do not understand the importance of this rule and are now going to pay, with total servitude to the bankers and the govt.until the law is changed
      which I doubt will happen.

      The Lord did not expect you to be in bondage your entire life to nobody….
      and that included the government. ,bankers and the mob.(union)

    May 16, 2011 16:25 AM

    Hi Ken,

    Just finished watching the interview. GREAT!

    Everyone needs to click on the link above and watch this.

    Thanks for the tip,

    Big Al

    Oct 28, 2012 28:39 PM

    Hola Jul & Jul,En regardant les pooths du Monaste8re suspendu , je me suis demande9 quel rapport les chinois ont envers la RELIGION. Je sais qu’il y en a plusieurs.QUESTIONS (ou mieux, vos impressions):> Tient-elle une place importante dans leur vie ou e0 certains moments de leur vie?> Avez-vous l’impression que la majorite9 des chinois sont des pratiquants ou sont-ils une minorite9?Selon WIKIPEDIA: .. Les cultes chinois sont en majorite9 polythe9istes, panthe9istes ou non-the9istes, et inte8grent les concepts naturalistes traditionnels : alternance du Yin et du Yang et rf4le du souffle dans l’univers, croyance e0 l’existence de pe9riodes fastes et ne9fastes de9termine9es selon le calendrier et d’une e9nergie propre e0 certains lieux (terres d’immortalite9, feng shui).Les principales religions pratique9es sont le taoefsme et le bouddhisme (repre9sente9s par divers courants) ainsi que la religion traditionnelle qui emprunte aux deux pre9ce9dentes et aux traditions locales tout en inte9grant le culte des anceatres. Les deux premie8res constituent avec l’ide9ologie confucianiste les ab trois e9coles bb (san jiao, 三教) dont les repre9sentants se disputaient l’influence e0 la cour. Elles comprennent dans leurs pratiques des asce8ses individuelles et le monachisme, alors que tous les aspects de la religion traditionnelle sont intimement lie9s e0 la vie sociale, e9conomique et familiale.Hormis les cinq grandes religions cite9es ci-dessus, la Chine a connu une grande quantite9 de cultes locaux ou importe9s. Certains ont disparu comme le culte du Ciel, le maniche9isme, le zoroastrisme, d’innombrables petites sectes mal connues de l’histoire. D’autres sont pratique9s au XXIe sie8cle : religions de minorite9s ethniques comme le judaisme, le dongba, l’hindouisme, ou religions e9mergentes comme Falun Gong ou Iguandao .. Entre temps, je vous souhaite une JOYEUSE FETE DE PAQUES. Et MERCI pour le reportage et les belles pooths.