Morning Gold Commentary from Bob Moriarty

Big Al
August 8, 2013

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    Aug 08, 2013 08:56 AM

    I concur with Bob, the crash in stocks will start to accelerate around the first week of September, and sometime around October 22nd we will see a panic and forced selling from margin accounts that will be a waterfall. DT

      Aug 08, 2013 08:22 AM

      That Machine Gun, is certainly very possible in my mind. I would go so far as to say I would give it a very high probability.

        Aug 08, 2013 08:55 AM

        I don’t know, Al, I think there are just too many who expect a crash for one to happen. Even if stocks go into a nasty cyclical bear market with ultimately huge losses, I think the decline will occur over a protracted period -like we saw from 2000 to 2002-3.
        We may just see a correction here before heading nominally higher. If the dollar falls apart, many blue chip stocks would be relative safe havens. Even so, they will be plunging relative to gold and the miners.
        I was short the market in the summer of 2008 and it felt lonely. I am not short now because there are plenty of bears and things are a bit different thanks to TARP, QE, etc. I’m more bearish all fiat currencies right now than I am stocks.

          Aug 08, 2013 08:59 AM

          Martin armstring thinks the dow will double by 2015. 30;000+ dow. Will shall see

            Aug 08, 2013 08:09 AM

            That would be impressive. I can see 19,000 to 22,000, but 30,000+ spells “crack-up boom” convincingly, to me. The HUI would go up 5 to 10 times in that scenario.

            Aug 08, 2013 08:44 AM

            That would be a Zimbabwe stock market type situation but their currency was 99% worthless.

            USA = Zimbabwe (can hardly wait for that)

            Aug 08, 2013 08:31 PM

            Fred, you’ll literally be able to make a ton of money if you order plenty of those “Please don’t throw any US$ into toilet” signs now.

            Aug 08, 2013 08:40 PM

            I simply cannot agree with him Raymondo!

            Aug 09, 2013 09:11 PM

            Armstrong only says it is the range of possibilities the dow could go to 430000—–but by 2015-sept look out

          Aug 08, 2013 08:39 PM


          You could be correct. But I just don’t like the complete lack of fundamentals in existence.

          I am starting to think that folks are supporting the conventional markets out of fear for the future if they don’t. May sound a bit nonsensical, but look out!

          Aug 08, 2013 08:12 PM

          Good thoughts Matthew. People may flee to dividend paying blue chip stocks as safe havens in that scenario. They did in 2011, 2012. This would prop up some of the indexes and would be fueled by institutional funds needing to park $ somewhere. While they may indeed come back into resource stocks & ETFs for materials, PMs, energy, they would never put all their funds there, so the staple big name stocks would still be recepients. However, the traditional markets are over hyped on the fed gravy right now and it flies in the face of the earnings reports these companies are posting. One last thing to consider is the Millenials are now working and they have 401K and IRA funds that need to park money somewhere, so this is another factor few are discussing. The Millenials are a bigger population than the Gen Xers but not quite as big as the Baby Boomers.

            Shad….do the Millenlials have any money left to invest?…seem to me they are a whole lot in debt..just asking………..

      DT…..OCT . IS A GOOD MONTH FOR THE BOOGY MAN……..HALLOWEEN..AND ALL THOSE devilish players, called wallstreeters…….

        Aug 08, 2013 08:11 PM

        Jerry I just started drinking this dark german beer brewed in Waterloo, instead of making you want to march it improves your dance step, I think they should name Leprachaun Beer. DT

      Aug 08, 2013 08:42 PM

      This one is for ADB (Rev), I think there will be a lot of sinners lining up at the gates of hell, and the guy who has to operate the entrance will be very busy for a very long time. Ha, Ha. DT

        Aug 08, 2013 08:25 PM

        Not so funny Machine Gun!

      Aug 08, 2013 08:06 PM

      I see a head and shoulders potential failure on the Nikkei and other bearish signs. Stick my neck out what would target be?
      Head at 14893, neckline at 13267:
      14893-13267=1626 height of H&S
      Measured move would be -1626 points
      Potential failure point of neckline is 13680
      Measured move could be to
      13680-1626=12054.Yeah, well maybe it will go to 20,000 instead?

    Aug 08, 2013 08:01 AM

    Sorry I mean martin armstrong

    Aug 08, 2013 08:29 AM

    Al, basic technicals are easy to learn.

      Aug 08, 2013 08:41 PM

      Any suggestions for a source, PF?

        Aug 09, 2013 09:24 PM

        I learned about how to use technical indicators like moving averages, Relative Strength Index, and MACD just by Googling them.

          Aug 11, 2013 11:39 AM

          Thanks PF!

    Aug 08, 2013 08:34 AM

    India imported 25%+ more silver by May of this year than in all of 2012. At this rate, india will import 2 to 3 times as much in 2013 compared to 2012.

      Aug 08, 2013 08:41 PM

      Had no idea, Matthew. Thanks

        Aug 08, 2013 08:00 PM

        Just noticed you saying india importing silver. Havnt read the article you have posted but from what I read the indians are trying to reduce gold purchases. That caused an increase in silver purchases, now I have been reading that smuggling gold is way up.
        Guess those Indians just wont be denied their metal.

    I think BOB is spot on……remember don’t fight the Fed, and don’t mess with Bob.

    Aug 08, 2013 08:16 PM

    I think the stock market crash & bank run on bail-ins could come real soon this year, if Glass-Steagall is reenacted in Congress, which has most of the Democrats voting for it, as well as some Republicans too, like Sen. John McCain is pushing it for his buddy Obama. Obama is looking for that certain black swan event that will cause him to declare Marshal Law and then suspend the Constitution indefinitely, thus eliminating free elections forever, and making himself sole ruler of the United States.

      Aug 08, 2013 08:50 PM

      That. my friend is very possible.

      The two headed snake MCCAIN at work…..are we sure he is a Republican?

      Dennis, Marshal Law, needs a marshal and THERE AINT NOT NEW SHERIFF IN TOWN…, only a moron in control of the steering wheel……Plus , BILL AND HILLERY WOULD NOT AGREE WITH THAT……..

      Aug 12, 2013 12:22 AM

      It’s not “marshall” law, it’s “martial” meaning “military” as in “martial music” and “court martial”.

    Aug 09, 2013 09:29 AM

    Yes, Dennis: Please God Glass Steagall

      Aug 11, 2013 11:14 AM

      Certainly hope it comes back. Huge step inthe right firection!

    Aug 09, 2013 09:17 PM

    Besides “Bob” being an avowed anti semite and a 9-11 conspiracy nut, he has some good thoughts from time to time.

      Aug 09, 2013 09:33 PM

      The nuttiest 9-11 conspiracy theory is the official one.

        Aug 10, 2013 10:05 PM

        Too True! The official conspiracy theory has more holes than a sieve.
        By the way folks, it’s Martial Law, not Marshall Law. As in military, as in Court Martial.

        A lot of smart commentators, from John Hussman to Martin Armstrong, make logical and compelling arguments for the probability of this or that outcome in the markets. All I know is that the precious metal within my reach is a bit of an insurance policy, whatever happens to the fiat wall paper.

      Aug 11, 2013 11:46 AM

      I would not csll him an anti semite. He is anti zionist and there is a difference.

        Aug 12, 2013 12:33 AM

        Belated agreement Al. Furthermore the true Zionist never believed in securing Israel as a literal homeland. Zion is a metaphor like the hymn Jerusalem. But don’t get me going on this one!

          Aug 12, 2013 12:24 AM

          Thanks Reverend

    Aug 10, 2013 10:41 AM

    With printing dollars same as free, I don’t see a dollar value crash of the stock market, but a dollar crash in buying power is long over due with a runaway PM market. If our pseudo president tries to confiscate weapons (especially using the 15,000 Russian soldiers he has asked in to help in disasters), declares marshal law, or tries for a new term there will be a terrifying civil war that will make the first one look like a walk in the park….and it was our worst war so far. The future is potentially very hazardous. The stock market could be the least of our problems.

      Aug 12, 2013 12:25 AM

      “Martial” law, meaning “military”. Not “marshall”.

    Aug 12, 2013 12:05 AM

    Al, you asked what we think. I think I’d like to hear more from your guests. During this interview, you spoke 70% of the time and Bob spoke 30%.

      Aug 12, 2013 12:21 AM

      Point well taken, Boston.

      Thank you.

    MOST OF YOU HAVE not been on the site , before, so you would not or could not see the humor that is being suggested, as we call BIG AL , THE MARSHALL,SHERIFF, SO GROW UP YOU military knit pickers……………….