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It really is Thursday and The Doctor Is In

Big Al
December 19, 2013

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Discussion
50 Comments
    Dec 19, 2013 19:21 AM
    Dec 19, 2013 19:27 AM

    the stock market is not treading water – it is simply digesting yesterday tremendous gains, more gains to come in 2014.

    gold already broke slight support of $1210 without any fight whatsoever on the first “actual” taper
    this means more tapering will only crush it
    we are not close to a bottom
    $1000 could be the bottom. this is where the reverse head and shoulder broke out
    once we break $1180 it will be a sudden drop to $1000

    it is over for gold.

    cant anyone see the forest for the trees?

      Dec 19, 2013 19:33 PM

      All I can say is, “we shall see for certain!”

    Dec 19, 2013 19:51 AM

    When are you guys going to admit you are wrong.

      Dec 19, 2013 19:35 PM

      What is wrong, Ferris Wheel, about buying gold for the reasons that I buy it?

      Secondly, we report opinions and some of those have certainly been correct. Not all, but some.

      By the way, I admitted very quickly when I called a low at $1321. I mean, what the heck, why try to rationalize and kid anyone?

      Dec 19, 2013 19:44 PM

      Wrong about what Ferris?

    Dec 19, 2013 19:56 AM

    Definitely the End of this Gold run for the next 5 years. US entering Bull market. Don’t get me wrong. I lost my shirt on this run.

      Dec 19, 2013 19:38 PM

      Your experience, and I am not being that critical, is exactly why we (my wife and I) diversify!

      Dec 19, 2013 19:46 PM

      Five years? …….no I don’t think so. Five weeks maybe.

    Dec 19, 2013 19:57 AM

    I hope I’m wrong. GLTA and JMHO

    Dec 19, 2013 19:00 PM

    FerrisWheel – you are not wrong.
    interesting name – FerrisWheel, moves a lot but never gets anywhere
    Sort of like the gold market

    Dec 19, 2013 19:22 PM

    JAMES, ITS NOT GOING TO TAKE MUCH TO TURN THIS MARKET AROUND.
    THE WORLD IS ON THE EDGE. TO MANY BAD THINGS COULD HAPPEN AT ANY TIME.

      Dec 19, 2013 19:38 PM

      I have to agree with you.

      Polly Anna Al

    har
    Dec 19, 2013 19:35 PM

    02:01 Gold futures close at lowest in over 3 years MarketWatch

    Back to last decade.

      Dec 19, 2013 19:39 PM

      That is a number that does not lie!

    Dec 19, 2013 19:43 PM

    It looks very grim. ALWAYS DARKEST BEFORE THE DAWN. Just dug my grave and getting ready to lie down in it.

      Dec 19, 2013 19:49 PM

      Oh stop it! That is too much drama for me. This is exciting as hell. I feel downright bullish about gold the worse this all gets. Hoping to see a drop below 1000 to really put a sparkle in my eyes!

        Dec 19, 2013 19:02 PM

        What happens if that never happens….under 1000 and 2000 comes first.

        I GUESS YOU WILL STILL HAVE YOUR WINGS FLYING ECONOMY FAIR.

        But 1000 comes first you will own your own airline. ROLL ZZZZZZ DICE !

        Dec 19, 2013 19:35 PM

        Drama is what makes life interesting!

      Dec 19, 2013 19:35 PM

      Actually you are becoming a valuable contributor on our site so forget the grave!

    Dec 19, 2013 19:52 PM

    Silverman – I have to disagree. Any market that goes this bad for this long does not come back for quite some time.
    The Chinese will continue to accumulate, India will try to if their government lets them, but thats about it.

    The world may indeed be on edge but that doesnt mean they will flock to gold if any of those bad things happen.

    Gold will be sworn off by most everyone else.
    The hedge funds simply go where the hot money is

    Too many people are simply in a state of denial, I know its hard when things like this unfold before your eyes, but it is a classic bear market.

    And the response from those who were caught on the wrong side is typical.

    Put a fork in it, go away, and regroup…

      Dec 19, 2013 19:00 PM

      WELL , I’AM NOT GOING AWAY. I’VE BEEN IN THIS GAME SINCE 1979. I’AM USED TO THIS BUCKING HORSE. MADE ALOT OF MONEY ALONG THE WAY. THIS TO WILL PASS.

        Dec 19, 2013 19:37 PM

        You bet Silverman. As it always is, “this two shall pass”!

          Man
          Jan 31, 2014 31:30 PM

          Aurora Myers-WaltersOmg Jake your actually in Japan Wow we all thgouh you were lying cause Sam and Talita saw you on thaa weekend. Hope you had fun or still having fun

      Dec 19, 2013 19:03 PM

      “Gold will be sworn off by most everyone else.”
      Do you know what makes bottoms?
      “The hedge funds simply go where the hot money is”
      That makes tops…No?

        Dec 19, 2013 19:15 PM

        Bob Moriaty says when there are 100 reasons not to own a commodity you have a bottom.

        THE TRUE CONTRARIAN Steven Jon Kaplan who is currently invested up to his eye balls in gold miners see’s this tax loss selling as a compelling opportunity. FOLLOWED HIM FOR OVER 10 YEARS AND HE’S ALWAYS RIGHT.

          Dec 19, 2013 19:38 PM

          I look this guy up, Heavy!

          Dec 19, 2013 19:53 PM

          I sure agree with him about the miners. There’s a good chance I’ll be buying more tomorrow.

            Dec 19, 2013 19:33 PM

            Matthew,

            I just don’t see them going any lower.

            But the real question is, “what is the short term prognostication?”

        Dec 19, 2013 19:37 PM

        Actually Billy, the answer is “yes”!

    Dec 19, 2013 19:26 PM

    silverman – I am glad you have a made a lot of money along the way in this “game”

    not quite sure how though unless you are a rare breed of successful trader

    but the sad fact of the matter is if someone bought gold in 1979 at lets say $500 and held it until today, they are only up 140% that comes out to only 4% a year

    that is a horrible investment

    if they bought at the top in 1980 somewhere around $800 they are only up about 50%. less than 2% per year

    you could have put it in the bank

      Dec 19, 2013 19:39 PM

      And that, The Greater, is the compelling reason that I am diversified (ever heard that before) and buy gold and silver for nothing more than security!

    Dec 19, 2013 19:41 PM

    Bob Moriaty already called a bottom and was wrong.

    Everyone wants to be the one to call the bottom.

    Calling a bottom is pointless.

      Dec 19, 2013 19:45 PM

      But get it right and you will be a legend, James. Like winning the Triple Crown.

        Dec 19, 2013 19:48 PM

        And if it drops to exactly 968 (my prediction) they will write a Wiki about it.

        Kidding of course!

      Dec 19, 2013 19:04 PM

      Bob M. said Nov 11 2012. OMG!
      It’s the mark of a bottom. They throw in everything but the kitchen sink.
      Then he said multiple times since. The 15 guys I keep in touch with just use hi sight for the Gold price and the odd article.

        Dec 19, 2013 19:43 PM

        Let me elaborate briefly about bottoms. By my definition they don’t represent an absolute number (although technically they do) but they represent an area.

        Some are going to laugh and say, “nobody rationalizes better than Big Al” and I would respond, “theoretically you are certainly correct but in the context of history I think that it is more accurate to call the bottom an area”.

      Dec 19, 2013 19:40 PM

      I think that history will show that he was not wrong and neither was I at $1321. But, we shall certainly see.

    Dec 19, 2013 19:54 PM

    It’s been 35 years since we had a Triple Crown winner.

    I think we are long due for another one.

      Dec 19, 2013 19:44 PM

      Gold, silver and the related stocks, The Greater?

    Dec 19, 2013 19:55 PM

    Bird Man – 5 weeks to $968, interesting…

      Dec 19, 2013 19:50 PM

      It’s only 200 dollars, James. Actually it is quite plausible although on the 5 weeks comment I was only retorting the remark about gold falling for five more years because I am pretty doubtful that is in the cards. Actually I am 100 percent certain that is not in the cards.

    Dec 19, 2013 19:16 PM

    Yes it is only $200, very possible

    Dec 19, 2013 19:48 PM

    Sorry guys

    i have been listening to this show (site) for the better part of 6 or so years now and have to say it’s been one big talk fest with every excuse under the sun don’t worry gold is going to $6000 next week mañana mañana mañana. Your opinion doesn’t count for much if it is wrong week after week, month after month.

    Yes you are not giving advice, and yes we are all responsible for our own actions and thankfully I didn’t listen to all the opinions and got out before the crush.

    I just wonder if you ever have the chance to take stock and listen to yourselves and hear all the repetition, all the same excuses and all the same reasoning over the past years. And another thing, Kitco, which is probably a wonderful company, their website is just the consummate exemplar of the confusing messages that everyone is trying to get out there (it’s not just PM) and their head around.

    Time to stand up and say we were wrong and stop hiding behind your opinion and making excuses.

    I think the world would be a better place if it was illegal to provide financial opinion.

    This is not directed at anyone particular but if the cap fits…..

    Oh and one more thing stop being so defensive when someone pokes at you; you have to learn how to take criticism otherwise how do you learn.

    Cheers
    TonyW

      Dec 19, 2013 19:22 PM

      TonyW your are spot on. I said it a while ago. These sites bring traffic from the Gold bugs. THEN you get the advertising cheque. That’s all. 90% nothingness.
      There a very very small handful that have a clue as to what works.
      The poor unsuspecting new investor comes along and gets gobbled up in the web of fools. There are a couple of good opinions here but a lot of hot air. I certainly just see it for entertainment for the most part.