Economic and social predictions for 2014

January 4, 2014

Hour 1: 

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As we do every year, we deal with economic and social predictions for the upcoming 12 months.

Hour 1:

Hour 2:

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    Jan 04, 2014 04:35 AM
      Jan 04, 2014 04:28 AM

      I’m starting to wonder if we just saw the top for the year in stocks on Thursday.

        Jan 04, 2014 04:44 AM

        Not unless cash flows to the US and by the US stop. They will push the market higher, yes, they should go to the pms, but they haven’t. Until THAT changes the markets will continue their upward climb and the pms their sideways-downward march.

          Jan 05, 2014 05:57 AM


          Read Grant ‘s latest newsletter – Things That Make You Go Hmmmm.

      Jan 04, 2014 04:35 AM

      Thanks cfs

        Jan 04, 2014 04:26 AM

        Mark Thornton day never stop stop the denial !

          Jan 04, 2014 04:32 AM

          75% off the people BUY coca cola ! And 98 % never buy GOLD !

            Jan 04, 2014 04:34 PM

            Coke pays a dividend franky and FRANKLY franky its outdone the gold and the miners BIG TIME fool. Miners dry-up and blow away on a correction.

            Jan 04, 2014 04:26 PM

            Dillion happy christmas !

            Jan 04, 2014 04:29 PM

            Buy Coke for Christmas 🙂
            1991 Coke was $5 and now $72 WITH divs!!
            Although I wouldn’t buy it today as its had a major run.

            Jan 04, 2014 04:46 PM

            tank u !

            Jan 05, 2014 05:43 AM

            i have doubled my rum and coke consumption plans for 2014.

        Feb 01, 2014 01:02 PM

        That’s 2 clever by half and 2×2 clever 4 me. Thaskn!

      Jan 05, 2014 05:55 AM

      2014 will indeed be interesting CFS!

      By the way, Grant Williams is now quoting you !

        Feb 02, 2014 02:02 AM

        All of my questions seaedtl-thtnks!

    Jan 04, 2014 04:42 AM

    The US HHS Dept just tendered for delivery in February 14 million doses of potassium Iodide. Do they know something I don’t about Fukushima? Or are they expecting something re: Iran’s nuclear program? This enquiring mind wants to know!

      Jan 05, 2014 05:18 PM

      Potassium Iodide only protects the thyroid from radioactive Iodine particles for a short time, and then only to the point when more radioactive particles than non-radioactive particles are entering the bloodstream. It does nothing to stop the radioactive particles from remaining in other parts of the body during the period when they remain radioactive. Also, the tablets offer no protection whatsoever from exposure to other radioisotopes. My guess is that American military assets may be tasked to assist for short periods with cleanup from Fukushima, and this is to prolong the useful life of soldiers who enter Fukushima Prefecture. Most military ships filter their water supply directly from ocean seawater, so the tablets might offer short term protection only from the most abundant particles, which are Iodine 131.

      The reason I don’t think military action is anticipated is because Potassium Iodide is useless against depleted uranium (DU) munitions, which already appear to be making large numbers of veterans and locals sick following deployment in the Middle East.

    Jan 04, 2014 04:49 AM

    Meanwhile on global warming, you probably noticed that the Russian ship containing a bunch of climatologists got stuck in the ice in the Antartic, while trying to re-trace an expedition by a wooden ship made 100 years ago…..clearly showing no global warming over a 100 year period down in the Antartic, notwithstanding Al Gore’s movie.
    Satellite photos actually show a 28% increase in the size of the Antartic ice shelf since 2010.

      Jan 04, 2014 04:26 AM

      Cfs, now I am curious. We all know the pacific ocean current is pushing this waste eastward. No one buys that much unless there is good Intel on a potential disaster.

        Jan 05, 2014 05:00 AM

        And that is what makes this terrifying!

          Jan 05, 2014 05:33 PM

          You are more likely to get sick from taking too many Potassium Iodide tablets than from diffuse radiation on the West Coast in the short term. Popping iodide tablets in this context would suggest lack of research. The amount of radiation per square foot of seawater, even in a major event, here on the far side of the Pacific, is hardly going to make large numbers of people sick in days or weeks or even months. But long exposure through the food chain and water supply will cause cancers and other ailments in the years ahead. They will most likely be misattributed and subject to official ambiguation, so the connection will not be obvious to many thousands or even millions of victims. The timing is interesting, as we have a large population reaching the age when health conditions and complications are more likely to emerge anyway. The gene pool of our children is going to be a mess. Expect genetic testing and birthright laws. Consider also the effect on local real estate markets. Are you noticing aircraft trails that seem more thick and persistent than in years past?

      Global warming(not)………….as the US….will experience the coldest weather in 20 years, in the next serveral days………..some area will reach -20 below or colder……

        Feb 01, 2014 01:07 AM

        We coul’dve done with that insight early on.

      Jan 05, 2014 05:59 AM

      Talk about global warming with folks in the mid west or east coast!

    Jan 04, 2014 04:06 AM

    Thanks guys as always. Alan Butler’s ‘day of reckoning’ with the dollar bubble exploding surely equates to the derivatives and debt bubbles exploding at the same time, with PMs going seriously higher by mid 2014???

      Jan 05, 2014 05:00 AM

      I think so Reverend!

    Jan 04, 2014 04:13 AM

    I am still sticking with my call for Gold going to $0. The reason is really quite simple and technical. I learned this from all the guys on this show. Here goes….Looking at it from a standpoint of manipulation, if gold retraces 50% from here, that would put us at about $619. Now…8 more 50% retracements brings us down to $2.41 an ounce.

    Considering at this point that we have a dead cat bounce of 30% that would brings us back up to $3.14. But from here folks LOOK OUT BELOW because were coming down. The people in power don’t want gold to go up so they’re going to bring this thing down to say….$.78 really quickly.

    The question here is whether or not the bulls will be able to hold it together. I personally don’t think they will. I feel there will be 3 more 50% retracements because people will be stopped out and option buying will dry up. This brings down to $.09.

    Now…at this point you’ll see the IMF flooding the market with cheap gold and GATA will yelling BUY! But it won’t do any good. The powers to be will be too strong and bulls won’t be able to overcome those unnamed people behind the closed doors. I am calling for 4 more 50% retracements from here to $.0060938 an ounce. At this point the last physical holders of gold will sell off bringing the price to .000003489. Which ultimately is $0.

    See…it’s quite easy. If you want to see how I came to this figures please go to my website You will have to subscribe but its only $1200 a year.

    Lastly…I truly believe that gold is going to $0. However if it can struggle to stay above $1224.54 its going higher.

      Dear ZERO.(Billy Bobber)…………..please send me all your worthless gold before it reaches your estimated value of “0”……..I would not want you to endure any hardships prior to your recommended estimated value……..You may ship your gold in small batches over the next 18 months ,,,so as to AVERAGE DOWN…No need in waiting for your prediction,,,I am accepting all worthless gold, and will take the costly job of disposal….of course there will be a DEPOSAL FEE, …….please enclose 16 oz of Silver with each oz. of gold, so that the land fill will be in it’s natural state of balance after disposal………..KEEPING THE EARTH GREEN. ..Although ,we will have to keep samples of our disposal, I will have to charge you a storeage fee and handling fee of 20% which should be no surprise for an intelligent gentleman as yourself, with such forward looking ideas and great points of view……….We here at the K family appreciate your efforts in expediting your gold shipments and look forward in working with you in the future.
      Your loving neighbor and friend from the
      Kick Them in the Ass ociation of Goodwill and Pieces of Eight on Earth.

      Jan 04, 2014 04:23 AM

      everyone has been blessed with an opinion and a butt-hole…you have used both of yours at the same time…….

        Jan 04, 2014 04:45 AM

        It takes special skills to use both at the same time. He might be and an educated Wall street analyst with pointy shoes.

      Jan 04, 2014 04:27 AM

      BB I like your sense of humour.

        Jan 05, 2014 05:05 AM

        I second that Brad H!

      Jan 05, 2014 05:44 AM

      This is the most illogically statement I have ever read. Check your math! How the heck do you get to 6.00 buy retracing by 50%. The powers to be can’t control foreign governments who are buying physical gold. Please give your head a shake dude!

      Jan 05, 2014 05:03 AM

      Great satire Billy.

      Thanks for the last sentence!

      Jan 05, 2014 05:48 AM

      I seem to remember FOA talking about fractional paper gold going to zero in the evolution of freegold to 50,000. If COMEX goes to 100% margin cash market, that may be a tell…

    Jan 04, 2014 04:35 AM

    You’re our man BB, and a sub of just $1200 – What a snip!!!

      Jan 04, 2014 04:04 AM

      Billy B is right, gold is going to zero.

        Yes,,,it is going to zero……..but, in front of the zero, will be serveral other numbers,

        like 6 zero,zero, zero,

          Feb 02, 2014 02:40 AM

          Hello there! This is my first visit to your blog! We are a group of volunteers and snitratg a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a wonderful job!

    Jan 04, 2014 04:09 AM

    UN-affordable care act has to be the last straw surely.
    Or as Rick points out when people find it easier to fund the finance on a new car rather than fill up a grocery trolley, we really are into the death throes of borrowed time. Likewise here with car sales, even as over 40% of Brits funded Christmas just gone on credit card borrowing, along with drink-driving fatalities going up alarmingly.

    Jan 04, 2014 04:33 AM

    Yes ref Seg 8 thank you Bob M for your slight reservation over the word ‘expert’, and to Dan Oliver for emphasising the need to do one’s own research. In my own sphere of religion I find the more I think I know the less I actually do! For there’s no way I consider myself an expert, even if I ‘know’ more than others. .Forr as the old adage would have it: ‘He who knows that he does not know is never a fool’.

    But what we do have are our instincts, (and for those of a religious inclination our faith) plus those lessons of history which remind us that NO, this time round is no different from what’s gone on before. It’s only the sheer scale of what’s going on today that is far bigger.

      Jan 04, 2014 04:27 PM

      Unfortunately Bob over the year sold the dooms day scenario and was a prep-per.
      This is the kind of stuff that drove people into gold unfortunately.
      Gold has its time and place but his fears are unfounded! In a big way…

        Jan 05, 2014 05:09 AM

        Time will certainly tell Dillon.

        I personally choose to be prepared for the various alternatives which are possible. We do that at the Korelin camp by being diversified!

    Jan 04, 2014 04:20 AM

    My take on the movie “The Family” when I made the mistake of selecting to attend it over “The Butler”, to wit:

    On September 14, 2013 at 7:50 pm,
    Dennis M. O’Neil says:

    It gets worse.
    Tonight I went to the movies with my wife.
    The choice I was presented was “The Family” of “The Butler”…..My choice was The Family and it was a bad choice. The movie attempted a dark comedy of extortion, violence, murder and the “Glee” girl offering herself up to her math teacher against a high school classroom door. I found it odd that the audience laughed and cheered for outrageously violent acts. The crowd became sadistically silent as the teen Lolita-ed herself but it was one of the few scenes all involved left breathing.
    Why is it we clap at violence for the sake of violence.
    Why is it a few generations ago scenes tossed in as an afterthought involve the exact things the director would not even film knowing it would have to be be cut.
    Liberty is what it is but the psychology of the audience is what it is.
    It all comes down to ‘Human Action’ but the master planners have it spot on! The clever deceitful contrivers have debased our culture contemporaneous with the debasement of our currency.

    Reply to this comment

      Jan 04, 2014 04:22 AM

      Dennis, Benb? it gets worse? What did I say?
      My thinking that things are going to get better for the human race?

      Jan 05, 2014 05:10 AM

      Unfortunately Dennis M you are right on!

    Jan 04, 2014 04:22 AM

    @ billy bob

    everyone has been blessed with an opinion and a butt-hole…you have used both of yours at the same time…….

    Jan 04, 2014 04:35 AM
    Jan 04, 2014 04:02 AM

    I have always felt we are headed for a deflationary depression, as per Rick Ackerman, I think The US market can get nuttier in the short term, as bond sellers seek refuge for a higher faster return in stocks. DT

    Jan 04, 2014 04:22 AM

    I offer a 1959 movie in comparison of the poorly put together farce called “The Family”:
    The movie is an Orson Welles little referenced but still classic flick “Compulsion”.
    Not gun shot heard. No explosions. Not even a car chase.
    “The Family” is a debased farce making fun of coercion and violence.
    Al the below movie is compelling in comparison and stands well on its own.
    “Compulsion” is a classic in depth journey into the human condition touching on both the existence of pure evil and the necessity of mercy.
    Perhaps Orson Welles’ second best movie appearance….second only to the Father Mapple sermon in Moby Dick. You need to be patient for the Welles appearance as he is playing a take-off of Clarence Darrow defense attorney. Not so loosely based on the Chi-town roaring 20’s Leopold and Loeb case.
    Certainly not a comedy Compulsion is a well put together “thinker’s movie” below is a link to the entire flick…….TKERMOTW” or The Korelin Economics Report Movie of the Week:

      Jan 04, 2014 04:56 AM

      Thanks Dennis – with no decent TV going on here especially on Saturday’s I might well turn to this. Best, Andrew

        Jan 04, 2014 04:42 AM

        A hidden gem of a movie.
        It could be easily mistaken for a Hitchcock flick up until you see Orson’s appearance.
        This movie engages at many levels.

        Jan 04, 2014 04:42 PM

        Compulsion – brilliant film, thanks Dennis. ‘I’m pleading for love’, Orson Welles.

          Jan 04, 2014 04:09 PM

          “Any cry for more goes back to the Hyena.”

          Jan 05, 2014 05:20 PM

          As was Rope Dennis. I’ve enjoyed a good weekend’s viewing – thanks.

    Jan 04, 2014 04:27 AM

    Jed Bush, the world is going to get another Bush?

      and a CHANEY TOO……….she Ms. Chaney is running for office in WY?

        mAYBE……..wIENER WILL run and we can have the THREE STOOGES…….

          Jan 04, 2014 04:11 AM

          There were actually FOUR STOOGES, remember Shemp, I think our Toronto Mayor Rob Ford should be in the running for #4. DT

            Jan 04, 2014 04:28 AM

            Yeah, DT, through is our major too that just resigned.

            DT……..thank you for your correction………I know you are correct , and look forward to working with you in the coming year……..It should be eventful, to say the least.

      Jan 05, 2014 05:13 AM

      I personally would be amazed b!

      Jan 05, 2014 05:45 AM

      rather have Jed Clampett.

    Jan 04, 2014 04:29 AM

    throw in…sorry

    Jan 04, 2014 04:59 AM

    Zero ehhh. I better grabs some Puts on Monday and call all the cell phone builders that their build cost are going to come down!! Sweet all the way around!

    Jan 04, 2014 04:53 PM

    Maybe gold to zero is not unthinkable. Did someone say last week J Turk quit at goldmoney?
    I just listened to Max Keiser interview James Turk, he is getting into bitcoin bigtime.
    Maybe gold is a barbarous relic.

    I for one hope it does go to zero, I could make alot of golden statues with it.
    Even bury people in it, thats why the Egyptians buried the pharohs in it, it was affordable.

    Jan 04, 2014 04:40 PM

    There is no metal that will go to zero b. Gold would replace copper then ya nut!
    Its the best conductor on the planet! Used in electronics and all types of connectors…Do you own own a cell phone?

    Jan 04, 2014 04:41 PM

    b, bitcoin is a payment system, not a substitute for gold. Even Kaiser says as much.

      Jan 04, 2014 04:31 PM

      I know Andrew, Im just a funnin people.
      I sure wish I had the opportunity to “mine” that bitcoin, but I really have no use for it and there is no way I would buy one at $1000 instead of PMs or even a card game.

      As I generaly pick wrong tho, maybe its an idea you guys get one, there probly gonna be worth millions.

        Jan 31, 2014 31:53 PM

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        Feb 02, 2014 02:16 PM

        I like to party, not look arleitcs up online. You made it happen.

    Jan 04, 2014 04:50 PM

    Kaiser and a pile of other are full of crap. Gold has been pumped and so has the dollar collapse theory. Complete nonsense…
    Just list to this rocket scientist!

      Jan 04, 2014 04:59 PM

      Dillon, You jest right?
      Your buddy there is saying Jim Rickards knows didley, and Ron Paul is a fraud?
      No, he doesnt say their names but he kinda lumps anyone that thinks gold or silver is neat to own, that anyone that does is an uneducated “con man”?

      I know gold is valuable because the pirates in those old movies were burying chests of it, “Treasure Island” and if thats not enough proof there were a few times the people decided to have a “gold rush”. Of course those were started by shovel salesman, we know that, but still, we had gold rushes.And there is that song, “fever” and we know there is nothin like gold fever and also its on tv, where all those guys dig for gold way up north. Just because they are all actors and theyre paid huge doesnt mean they dont like the gold too.
      So, there we have it, all the proof required showing gold is realy shiney.

        Jan 04, 2014 04:00 PM

        Actually He was bullish as hell on gold in the early crisis years but sold out when it peaked. Its simple, most sell gold and never mention that its time to take a profit. Its a crisis tool. HEDGE man.
        Since when would a pirate pay for gold!??

        Feb 02, 2014 02:49 AM

        Pin my tail and call me a doneyk, that really helped.

    Jan 04, 2014 04:35 PM

    Nope, I think you guys are all wrong, gold is toast, probly going to zero, except as jewlery, and that only due to the labour involved. Bitcoin is the new “real” money,currency,payment system, even tho ya cant touch it,smell it feel it etc, pixels on a screen, thats what we want.

    I wonder if Mr Turk figures we should be buying bitcoin every month now?
    Max didnt ask him that.

      Jan 04, 2014 04:22 PM

      We need Bears like yourself b. How do you think the DOW started?
      I tend to place my investments based on historical facts and future probabilities.
      A COMMENT FROM a service that actually called the bull in 2001 and exited 2011-12:::::::::::::::::::::::
      Third, Gold stocks are usually late-stage
      performers. They come to the fore in the final
      stages of bull markets. Given that 2014 could be
      the year when this bull market ends, Gold stocks
      may finally get their “fifteen minutes.”

        Jan 04, 2014 04:33 PM

        Dillon, no offence, but do you understand what you read?

        Its all good tho, no big deal. I hope your service works out for you.

          Jan 04, 2014 04:46 PM

          Oh really?! Hmmmm proofs in the pudding…or should I say in my portfolio?

            Jan 04, 2014 04:57 PM

            We managed to avoid the tech wreak 14 years ago as well.
            Or maybeeeee I should listen to something named “b” !?

          Jan 04, 2014 04:52 PM

          Dillon? You really are not understranding what your reading.
          How could you listen to someone named “b”? about investing in anythimng?
          I havnt givin you any advice.
          Your clearly not understanding what I have said.
          Im happy for you that your “proof pudding” is tasting good in your portfolio.
          I hope everyone gets rich and happy.

          Me, Im waiting for gold to turn, thats about it. i figure a person should have a somwhere between 5-10% of INVESTABLE income in PHYSICAL gold, that leaves a person to “play” with 90-95% of investible income to put where ever your lil ol heart desires. Obviously I am extremly extreme, lol, but I do happen to like gambling on jr PM shares and physical silver, what can I say? Im a gambler.
          And if you count success in toys or how much money you have, you win, congratulations. So, heres some advice, go enjoy it before you die or cant for some other reason. If you have enough to brag about, what the heck you waisting your time here for?
          Anyway, to each his own, all the best to ya.
          But your not understanding what your reading. Just an obsevation.

            Jan 04, 2014 04:19 PM

            Hanging here for a laugh and getting through some boredom…
            Don’t retire at 47 you’ll go nuts. Besides Als a good guy…
            Hahaha Don’t worry about me man.

            Jan 05, 2014 05:20 AM

            That is my philosophy exactly, b!

            Jan 05, 2014 05:43 AM

            Man ya don’t know a dam thing about me.
            Family first screw all the rest.

          Feb 01, 2014 01:45 PM

          Didn’t know the forum rules allowed such brlaliint posts.

        Jan 04, 2014 04:33 PM

        Re: “Third, Gold stocks are usually late-stage

        Yes, after the HUI bottomed at $35 in November, 2000, it took the next five months to double and eighteen months to quadruple. Just a dismal performance… LOL

        From 11/2000 to 11/2003, the HUI finished up 7 fold. The S&P finished the same period down nearly 40%.

          Jan 04, 2014 04:20 PM

          In the existing cycle Matthew. Ya know Stock bull market cycle.

            Jan 04, 2014 04:05 PM

            Dillon, a look at history makes sense when someone (you) says such and such “usually” happens. Your claim just doesn’t hold up. The HUI was introduced in 1996 as the stock market was starting its final run to its early 2000 top. Despite this “late stage” the HUI fell from over 200 in May, 1996 to just 35 by November, 2000. The best gold stock rallies have little to do with a late stage stock market.

            Maybe your hero should attempt to provide his followers with videos that contain useful information instead of just one psychotic rant after another. Don’t you wonder about a guy who has to bash others in order to highlight his own greatness? He goes on and on about how busy he is, yet he has plenty of time for going on and on in videos that contain absolutely no value. He makes no arguments or any attempts to teach. He just tells his gullible followers how bad everyone is. The guy is worse than a bad joke. Hey, at least he’s now bleeping all his F-words. Why the change? LOL 🙂

            Jan 04, 2014 04:41 PM

            Actually its better to know your enemies better.
            The fact is you can learn something from everybody.
            There’s a lot of wide spread fraud and he’s revealing some facts.
            They may not all be correct but he’s not far off. There’s more snake oils sales men that have flowed into the gold sector it insane.

            well said Matthew…………..

        Jan 05, 2014 05:19 AM

        I think that 2014 could very be when the bull market ends, but I don’t think it will have much to do with gold, Dillon!

          Jan 05, 2014 05:47 AM

          Maybe Al BUT while things seem to be pretty ripe in the majors I already see some bargain hunting in the metals.
          The charts are starting to base. Just look at SSP.V as it’s had a major decline and then a nice consolidation then bam with just a few buyers it popped nicely.

    Jan 04, 2014 04:48 PM

    Was Rick bullish or bearish on Dow and S&P near the end of 2011 before they took off? I know most chartists, Louise Yamada for example, were extremely bearish. I assume Rick was as well. Dan Norcini is always extremely bearish at bottoms.
    These chartists are like tits on a bull!

    Rick mentioned RPM and one other stock, sounded like Alti? Curious what it is.
    I hope RPM didn’t waste company money on perma-bear Rick’s travel expenses to get to the mine tour. Glad I don’t own that company!

    Morairty and Gary Savage were bearish on PM’s near the time they were topping. These are the guys I listen to.

    Was Al Korelin talking much about diversified portfolios much when PM’s were in a raging bull market? I honestly can’t remember. I know he talks alot about diversification now.

    One of you brainiac posters was talking about strong resistance at $1210 or $1220 gold a week ago or so? b? You guessed wrong eh?

    Listen to Gary, Bob Morairty, poster named HEAVYHITTER and Matthew.

    DONT listen to most posters here especially Birdman and Almost anyone with Silver in their nickname.

      Jan 04, 2014 04:38 PM

      “Moriarty” can be excluded straight off from the credibility checklist, due to his anti semitic ramblings and highlighted links to pro sharia law garbage sites.

        Jan 05, 2014 05:37 AM

        Spette, Moriarty is NOT anti-Semitic as was mentioned in earlier blogs. He just detests , as do I , what modern-day Israel has become.

          Jan 05, 2014 05:56 AM

          I dont think Bob Moriarity is anti semite, say anything that exposes what is happening in Isreal and your called anti semite.
          Why are people that agree with the Isreali actions not called anti Palistinian?
          or anti children? anti peace? etc etc.

            Jan 05, 2014 05:25 AM

            Gentlemen, Bob is far from being anti Semetic!

        Jan 05, 2014 05:49 AM

        Don’t agree. Bobs mild compared to some. He’s been to the puppet show.
        From what I have seen the Mideast has some serious control over the west.

      Jan 05, 2014 05:24 AM

      Morning Mike Trike,

      I have been talking diversification for 35 years. That philosophy has treated us well.

    Jan 04, 2014 04:59 PM

    “The resistance above $1210 is massive.”
    posted by har Dec 31, 2013

    Tits on a bull!

      Jan 04, 2014 04:17 PM

      mike trike…………. do you have a scooter like mini me. DT

    Jan 04, 2014 04:17 PM

    B? B guessed resistance at 1210? I doubt it, I only just started to attempt to read charts. But I do remember someone guessing at 1210 resistance.

    Honustly, I think people dont understand gold, 5-10%, Jim Rickards even says 20% for agressive people. At 5% what diferance does it make which way price goes, the winner leaves it to his kids anyway.

    When we rode that bull after the 08 crash, I was a genius, without a word of a lie I was picking maybe 95% winners, easy when a rising tide lifts all boats. Hard,Hard,Hard to pick gold winners in a falling gold market.(helps to be a pro then I guess)
    For the last couple years I have been a moron picking 95% losers.

    Kinda like life at the rodeo, ride the bull, win the buckle and you a winner, every woman in the free world wants ya, the bull throws ya, and you nothin but a loser.
    A moron for gettin on that thing in the first place. lol

    But ya wanna know what? Win or lose, theres always another bull.

      Jan 04, 2014 04:21 PM

      There might be another bull but you must buy at “The Bear’s Bottom”. DT

        Jan 04, 2014 04:40 PM

        DT, just buy till you get there, and if your all in before you get there, cross your fingers the companies you bought dont go broke before we hit bear-bottom.
        I do like the thought of bear bottom.
        We will get there, eventualy. lol

        I have a feeling we are close, assuming the whole world doesnt implode or every gold stock goes to zero or the markets get shut down etc.

        I was humming and hawing yesterday about buying some shares as I talked to my daughter on the phone, she said, “Dad, grab a pair and buy,em already.”
        So I did, lol.

          Jan 04, 2014 04:06 PM

          b, some of my recent buys are starting to show life but I don’t believe that the American market will last much longer but it could fool us all because you can never discount the way US citizens love to bet. This is certainly nuts but just when it looks to be over The Fed will step in and offer support, but when the big players see this it will be a sell as they always beat the herd. DT

            Jan 04, 2014 04:29 PM

            Dt, the shares I have bought move with the price of gold,up or down, like theyre attached to it. Have for some time. So, Thurs,Fri were positive days, 5% up about.
            The list of profitable shares right now is long, hard to miss winners, only thing is PMs gotta move up. lol. They will, just a matter of time.
            Unless gold/silver go to zero of course.

            Jan 05, 2014 05:28 AM

            Again I have to repeat for all, Machine Gun, read Grant Williams’ latest missive!

      Jan 05, 2014 05:54 AM

      I agree with you there b. Gold should just be avoided when spiky tops occur. Gol shares have have very poor leverage to gold. My mistake was in estimating this in 2000.
      These companies get fat greedy and bloated squandering money when they thing the sun will shine forever.

        Jan 05, 2014 05:42 PM

        The senior miners (HUI) outperformed gold by about 5 to 1 from the late 2000 low to the late 2003 high. In the year following the 2008 low, the miners outperformed gold 2 to 1. Both times, the juniors did much better. The current setup is much more like the 2000 low than the 2008 low. 5 to 1 leverage sounds good to me.

          Jan 05, 2014 05:08 PM

          You may be right on that. The 5:1 was because gold shares were the most hated thing on earth therefor at huge discount and it took a while for folks to get on board. Then the miners cost started rising because n part they were spending like drunken sailers. I don’t think they are spending now hahaha cause many see their own demise.

    Jan 04, 2014 04:26 PM

    I just had a great laugh listening to Egon von Greyerz on KWN this week. Gloom, doom, The New Dark Ages coming, decades of strife, a 700 year cycle being corrected, the demise of the dollar and by the way, “Finally, I would like to wish your listeners a Happy New Year” for 2014!

    Jan 04, 2014 04:37 PM

    The arrogance in these posts is astounding. Like you all know the only way is up. Sounds like so many other tops to me (2000, 2008, others). But of course you all have forgotten those lessons (attitudes)….. And you’re all smarter than gold despite 5000 yrs of history. Despite unprecedented debt. Debt that will swallow us all…….Or is printing money your savior ? Come down from your arrogant mindset for a moment and consider all the countries who destroted their currencies thru out the ages. Never once did it turn out good……Never once. Pretty bad odds I’d say, Dillon…..Not to worry, most of this will be decided this yr……. So let’s refresh……gold that has lasted thruout the ages or countries destroying their curencies surviving. Not one has survived. Not one……So back to our arrogance thesis……more like a destructive mindset…..

      Jan 04, 2014 04:49 PM

      Correct Jeff, but none of us live 200-250 years for it all to play out if this is just a 5% correction in the 5,000 year trend….. suffering from recency bias can be corrected. I would say arrogance is always saying “this year is it” while ignoring other profitable situations in the meantime waiting for a mad max scenario, and ignoring all objectivity. Check out Puplava, he gets it. It can and has taken far longer to “totally fall apart” weimar style. By the way, weimar currency was not the world’s reserve currency. It will get ugly, but just not in your time frame. Remember, 5% of 5,000 years is 250 years. Maybe your great great great grandson can look back and say “Wow, it must have sucked being in Grandpa Jeff’s shoes during that 5% correction time, he made it 90 years into the 250 year correction in the trend that took down the system. He would be so glad now knowing how devastated it all finally became!!”

    Jan 04, 2014 04:52 PM

    In 2008, a few months before the crash, Puplava was talking about oil shortages and that we would have had gas rationing by now. That is why he moved within walking distance to his office and was looking for the most fuel efficient car.

    Puplava does NOT get it. LOL.
    I learned a long time ago to do the opposite of Puplava!

    Listen to guys who DO get it. Guys like Bob Morairty, Bob Wiedemer, Bob Hoye!
    3 Bobs, it can’t get much simpler than that!

    Jan 04, 2014 04:18 PM

    Mike Trike,

    Remember 3-4-5 years ago when Puplava would pump and pump and pump that dog a of a gold stock “Tyhee” week after week. I mean he would have Dave Webb the CEO on month after month. Its going to the moon. The same crap you’ve heard a million times before.

    He did that **** for a year and he did the same **** with a bunch of other gold stock dogs as well. That dude cost a lot people a lot of money they will never it get back. He’s just another blathering MS nothing that has no more a clue than anyone here.

    I haven’t listened to him in years and won’t again.

    Jan 05, 2014 05:27 AM

    Vortex, after Puplava dumped his Tyhee shares, the SP has remained relatively stable and is actually up a bit right now from what Puplava sold his shares for.

    Look at what Puplava did for Kimber Resources! Drove it into the ground and basically gave the company away for a song!

    That is why I listen to Morairty. In the segment he was asked what were the 4 most important things when picking a junior miner. He answered management 4 times in a row! He didn’t say that to be cute or condescending! He said it because it is the absolute truth!

    This is why I believe we are at a bottom. Puplava, Puru Saxema, Jim Rogers, Paulson, and most other former gold bulls are now all looking for lower prices in gold.
    Look at Jim Sinclair, he rarely mentions gold, he has switched to his GOTS (get out of the system) theme now!

    My good miners are up anywhere from 30 – 100% off the November-December bottoms. The few dogs I kept are still at the lows because they are dogs with poor management that I should have dumped!

      Jan 05, 2014 05:44 AM

      Mike Trike, you and Vortex are right about Puplava. Too much of his Keynesian training is still intact. The sycophantic happy ass and his funny little sidekick are obviously missing a great deal about the state of things. The rational middle class individual living in the real world can plainly see that there is plenty to be gloomy about, yet, this not-so-dynamic duo is constantly trying to distance themselves from “the goldbugs” and “the doom and gloomers” as if Jim wasn’t once the captain of the U.S.S. Golden Doom.

      Now, Jim is happy to pay way too much for puny yields that are really negative, or close, once inflation is factored in. His Keynesian origins were also on display the many times he tried to blame the “high” oil price on peak oil. I guess peak copper would be his reason for copper keeping up with oil over the last thirteen years.

      Did Jim get his listeners out of gold and gold stocks anywhere near their highs? No. He kept pushing the miners for months after the top. Later, his show quietly morphed into a different kind of commercial. He did his listeners no favors yet his air of superiority remains. It was no surprise when pollyanna Puplava hired the annoying Erik Townsend. The trite trio is nothing without good guests in my opinion.

        Jan 05, 2014 05:58 AM

        Then there was weekly call ins from “hola” from BA. He is still pumping….and one of Al’s readers as well.
        I am pretty sure JP sold Tyhee in the 20’s but could be wrong. He warned hola to get out.

          Jan 05, 2014 05:06 AM

          Notice that I did not call Puplava a pumper. In order for promotion to be considered pumping, there has to be false or misleading statements. The pumper sells into the excitement that he generates. I am not willing to call Puplava dishonest, but I don’t like that he seemed more bullish on the miners right after the 2011 highs than at the recent lows. For instance, he was going on about NEM’s dividend right at its all-time high in November, 2011. I do not know if he was selling at the same time. NEM is down 65% since then.

          I have never posted nice things about a stock that I wish to exit, and I do have a couple that I would like to be out of. I have actually accumulated more of the ones that I have recently mentioned good things about.
          (Of course, if bad news comes out that changes my reason for owning a stock, I could be a seller.)

          From Investopedia:
          Definition of ‘Pump And Dump’

          A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company’s stock, sell their positions after the hype has led to a higher share price.

          Definition of ‘Poop And Scoop’

          A highly illegal practice occurring mainly on the internet. A small group of informed people attempt to push down a stock by spreading false information and rumors. If they are successful, they can purchase the stock at bargain prices, as the overall marketplace will have sold off the security, causing the price to fall dramatically.

            Jan 05, 2014 05:00 PM


            When I used the pumper description I may have been a bit harsh. But there is no doubt that in the past Puplava has used his platform to……..shall we say, highlight some stocks for extended periods of time that turned out to be complete utter dogs.

            I know no one is perfect, but you correct, he has completely changed to program and in my opinion not worth my time or money. But thats just me.

            thanks for the inputs.


            Jan 06, 2014 06:24 AM

            I agree and have not given him a single dollar for “FS Insider.”

          Jan 05, 2014 05:48 PM

          I believe Puplava sold on sept 21 – sept 22, 2010 after TDC announced a major dilutive financing. If I am correct he would have sold for an average under 10 cents per share.
          Baires would know! I don’t feel like sifting through a million posts at Agoracom to find the answer.

            Jan 05, 2014 05:32 PM

            Maybe you are correct Mike, at .10 he took a big hit.

    Jan 05, 2014 05:51 AM

    There was an earlier comment about “know your enemies”.

    I agree with that comment wholeheartedly.

    I have to ask you though, how can you know them if you simply disregard them? The answer is, “you can’t”!

      Jan 05, 2014 05:58 AM

      You nailed it Al.

    Jan 05, 2014 05:19 AM

    It’s easy to find someone to bash. You could have done the same to all the analyst pushing tech in 2000 or others in ’08…. That is kind’a my point. Every talking like this is an eternal bull when it is only a market driven by easy money….A LOT OF EASY MONEY…..And for all this market cheerleading and 10 figure $Trillions all the Oz could do is barely bring the market beyond even after 14 yrs….Relative to inflation it’s way down. Keep pulling losers out of the Dow and inserting high flyers is a great trick also…..But what the heck, that’s the market…… What I don’t understand about all you “paperbugs” is why you think this time is any different….. Seems to me there’s a whole lot of recency bias going on here regarding both the market and gold…….

      Jan 05, 2014 05:27 PM

      Something coming tell all you now 2014 fukushima reality ! tanks BOBBY !

    Jan 05, 2014 05:31 AM

    Every time we get to these market extremes the cheerleaders come out of the woodwork. Every time we get these corrections they run out and pronounce gold dead. It’s happened many times (similar corrections) since 2000. It happened twice in the 75-82 bull…… Only difference now is we’re talking $Trillions printed not $Millions. Remember $Millions ? Remember account surpluses ? Remember the days we could raise rates instead of now when just the MENTION of CUTTING BACK scares the hell out of the market…..

    Jan 05, 2014 05:45 PM

    Jeff I’m with you 100% re your last three posts. Arrogance, fear, shrill voices – just what you’d expect until PMs go seriously up and everyone settles down to coo gently that they were right all the time!

    Jan 05, 2014 05:18 PM

    I would
    If I could
    But I can’t
    So I Shant.

    Here I sit
    Broken hearted
    Paid the dime
    And only farted.

      Jan 05, 2014 05:29 PM

      that poem ages you dennis!