The PDAC
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1-2: Rod Thomas, President of the PDAC, discusses the Conference, mining companies, and gold and silver in general.
- Segment 3: Peter Boockvar, Chief Market Analyst for The Lindsey Group discusses currencies.
- Segment 4: Eric Owens, President and CEO of Alexandria Minerals, provides us with an industry insiders perspective of the PDAC.
- Segment 5: Michael Belkin of The Belkin Report discusses his article, “From the Penthouse to the Outhouse”.
- Segment 6: Avi Gilburt, Founder of the Elliot Wave Trader, takes a closer look at the precious metals and how the dollar continues to out perform.
- Segment 7: Glen Downs, Chief of Staff to Congressman Water Jones, discusses Mrs. Clinton’s recent press conference.
- Segment 8: Chris Martenson of Peak Prosperity discusses the evolution of the worlds banking system.
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We all know this in Europe CFS 🙂
Thanks for the insight.
Re: Segment 7:
The problem is not so much the lying scum politicians, but the complete lack of an honest and unbiased press and news system.
How did the citizenry ever allow newspapers, radio and TV be totally dominated by democrat-leaning idealogs?
The world of government, finance and media is owned by the Jewish Masonic Oligarchy plain and simple and all appearances to the contrary are just a puppet show to pacify the masses who believe in fairy tales like democracy, freedom, political correctness and so on. The public are deceived and insane by virtue of their general inability to accept the truth and reality. As Doctor Pierce once said most of the public are lemmings. https://trutube.tv/video/30437/Are-You-A-Lemming-Dr-William-L-Pierce
The article quoted about sex slaves in the,” Are you a Lemming”, video is real just in case some doubt the credibility of the video.
http://liberty.hypermart.net/voices/slaves.htm
I glanced at your post Steven, I didn’t need to read it as I have know for years sexual slavery is an industry worth billions.
Britain is the worst for the girls. Their passports are immediately taken, if they go to the police they wont help a girl without a passport. There is practicaly no way out for them.
Canada apparently imports 2500 sex slaves a year, they are often used as strippers as well as prostitution, porn as well I would imagine.
I havnt been to a strip joint since I found that out.
Huge numbers of sex slaves are imported from Africa through Italy, but its rampant all over the world.
Heck, some people are so poor they literally sell their children into it.
Incredibly sad, maybe a “Borne or Rambo” could save an occasional one but the industry now is absolutely massive.
I have read articles that state that the cost of owning a slave today has never been cheaper than at any other time in our history.
Heck, if a guy wanted to join isis you can buy a slave for less than $200.
The more I know people the more I like my dog. As they say.
I think human society is a bit more complicated than the lemming rubbish that you spout,but that wasn’t unexpected after your racist line about the Jewish Masonic Oligarchy.
Very dangerous racist language that Big Al should be deleting,and giving you a stern warning about further communiques.
Thanks for the advice Jim. You know it’s interesting but my Dad was a Mason and a Past Master of his Lodge.
For the record, In my opinion Steven is nuts. I did not delete his poo st because it is important for folks to realize where others are coming from. Do I think he is nuts? Of course I do!
Good response Al.
I think it is dangerous to start editing everyone’s thoughts, and have Politically Correct Police constantly worrying about what someone else says or if they are offended. It is far better to let the chips fall where they may, and normally people learn more by disagreeing with someone and crystallizing what they feel instead.
All opinions should be welcome, and if someone is particularly aggressive repeatedly, people naturally tune them out. If someone wants to go to the video links Steven posted, or Franky posts, or many on here post, then that is there prerogative. If they don’t then they can skip it.
I’m tired of people getting offended at every little comment, and then having a real conversation shelved because they don’t want to feel insulted. That is life, get over it.
I agree Shad.
That is a great question.
The answer is a lack of diversified ownership according to some.
It’s always interesting to me how some expend their misery is somehow worse than others.
NICE PIECE ABOUT HILLARY AND OBAMA …..Obama will not endorse Hilly for president, Obama says she might try to make him look bad………………..
And Jarrett leaked the emails…………………………………..zerohedge sunday.
Re: Segment 8:
Even though there will be an alternative to Swift this fall, the de-dollarization transition will not be very swift (pun intended). The reason for this is simply that about half of all international loans are in US dollars; only when these loans are paid off will the transition be complete.
I am interested in Avi’s closing remarks about gold bouncing up once the USD tops. That would seem likely to me as it would make buying gold stocks in dollars cheaper for those of us outside of the US.
I suppose you could make the same argument for conventional stocks.
Bob
There seems to be a small group of PM investors (myself included) that think this is a triple bottom (around the US$1150 area). Gold will now begin a climb next week and test the $1400 area.
The linked article is short, but holds several perspectives and opinions. It summarizes my opinion much better than I could myself.
Brian
Also, I think that Friday’s close, for both the metals and mining stocks, showed mild optimism – Investors/traders were either holding their positions or adding near the end of the day.
I got a feeling about FRES.L on Friday too Brian.
Thanks for the links. I will read the articles later on.
Thanks Brian
The problem is Brian that buying now is betting on what the Fed will do on Wednesday – it is a coin toss isn’t it… and whatever they do it is still another coin toss how the US Dollar reacts to whatever the Fed does…
Too many unknowns.
Agreed, Bob UK
Triple bottoms often mean that there is indecision in the market and they have a bad habit of breaking down on the fourth try, Brian. I am almost always doubtful when a double does not achieve a breakout to the upside so it’s often better to approach with some sense of caution.
I could be wrong, but I try to remember people’s predictions, as a way of judging probability of correctness. (Actually I do not believe anyone has a crystal ball and chartists are only right on some occasions because there are a lot of people who use charts in the financial industry and herd behavior is observable.) Anyway the point of this long-winded comment is that I seem to remember him on Financialsense last July and he gave several different predictions. OK, so people should be allowed to modify their views over time. I hope the price of gold will go up. Sooner or later I am 100% positive it will; I just hope I live that long, but if I don’t my heirs will gain from my foresight/stupidity.
Hour 1 cut off early in Segment 4 at 33:26!
I will ask Sarah
I thought the Peter Boockvar Segment 3 made some solid observations, and I liked his point about how the US is more of an import versus export nation, so there will be multi-nationals hurt by the strong dollar, but also those helped by the strong dollar as they import their goods.
Also, Peter echoes the same forecast I have for a while now that we are nearing the commodity bear that started with Silver’s decline, (and I would add Uranium from 2011 Fukushima), then Gold, the base metals like copper, tin, nickel, and iron, then the soft commodities and grains, then the fertilizers, and now the final phase was triggered recently by oil/gas and energy’s decline.
Peter also made the point that the upcoming bottom in commodities was going to coincide with the topping of the US Dollar. I couldn’t agree more!
Great interview!
I also liked Peter’s points that the commodity currencies (Canadian, Australian, Brazilian) would bottom with commodities and when the dollar tops, and they’ll all be reversing soon. That is exactly what is happening and that is final phase is all set to reverse later this year.
Lastly, I thought he had sound comments on the final book of the Fed will go back not just to the 08/09 financial crisis, but actually back 15-20 years to the Alan Greenspan era where things first started to unravel.
Peter is a very bright man.
Michael Belkin in Segment 5 was also full of good points about emerging markets and how depressed the Australian gold miners are. He has been saying that for the last 2 shows he did, and is absolutely correct. The Australian miners are way more oversold than anywhere else and they’ll be benefiting from the strong dollar and week Aussie.
Avi’s thoughts on the dollar were very much in congruence with our thoughts, and I also have been expecting a correction in the dollar and then a run to its blow-off high around 110.
Yup it did; there is about 6 minutes missing off the end of the first half of the show.
Segment 4 is still available individually though. I am just listening to it.
Thanks Silverbug,
Not sure just what happened.
Thanks AL., Cory and M.Martenson.
Re: Segment 8
http://www.shiftfrequency.com/financial-alternative-swift/
http://stealthflation.org/2015/03/11/the-real-reason-the-swiss-peg-ended/
And now China and the new exchange that will make LBMA obsolete …
What will happen to the price of gold ?
http://www.tfmetalsreport.com/podcast/6685/making-lbma-obsolete
I believe the article as to the “real reason the Swiss broke its peg” to be pure hogwash.
It did not break its peg to be considered for part of special drawing rights, but for he reason it stated at the time it broke the peg.
Special drawing rights have always been correlated with trade, and Switzerland being about 17th in world trade would not cause it to be included in SDRs.
I am so tired to hear we are close to the bottom in the GP – it could go a little lower.
for how long have we heard this bull? I guess they have to say something – it’s there way of making a living.
we are dealing with the criminal banking/finance mafia. that’s all.
I agree with you HGS
I simply believe that because of eastern demand we will not see a dramatic drop. We are already down over 40% from the high.
******** UPDATE: LATEST OBN NEW GOLD PHYSICAL EXCHANGE/ TURD FERGUSON *********
” MAKING THE LBMA OBSOLETE ” ******* A MUST LISTEN ********
http://www.tfmetalsreport.com/podcast/6685/making-lbma-obsolete
***** ERROR: LATEST ON NEW GOLD PHYSICAL EXCHANGE/ ******
Why did he pick such a low class moniker?
I hear that chap mentioned all the time online but I never bother to look for any articles regarding him because, well, I am put off by his nickname.
For a while I assumed it was a derogatory nickname given to him by people who disliked him but, apparently, that is the chosen nickname.
Call me a prude or old-fashioned but I draw a line at such things.
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
THE LINE HAS BEEN DRAWN……………………………………………………………
Me too, Bob UK
How about “The Golden Jackass?” Does that qualify as truth in advertising?
Good point, Robert!
He said his mom called him a ” Jackass ” a lot when he was a kid, so because he likes gold he thought that the two should fit as a nickname…………….????
TURD,,,,,,,,,,,,,,,THE UNIVERSAL REPUBLICAN DEMOCRATE…………
OR how about…… UTURD……….the new tv for the political correctness……
Great Jerry!
Yeah, monikers like that should belong to our politicians!
GENTLEMAN……..PLEASE………that’s just an old pen/nickname for him, RELAX, the INTERVIEW is what is INPORTANT, by the way his real name is Craig Hemke.
I HAVE no problem with the name………..
after all it was a comedy skit……..Will Farrow, Burt Reynolds…….
Thanks Mark
Read yer Stockman and then tell me how any of this has a happy ending.
There is going to be Hell to pay.
https://www.lewrockwell.com/2015/03/david-stockman/why-the-dollar-is-rising/
It’s hard to be Avi Gilbert bullish after reading that Stockman piece.
Let’s face it, the economies of the world are buried in debt. They are all houses of cards just waiting to collapse and it seems they could collapse any day.
This sums it up well…
“The other shirts in the laundry are not just dirtier. They are actually disintegrating.”
And as I read this wearing a dirty old t-shirt with a whole in it I am thinking we are in scary times.
Of course we are in scary times, Eddie!
Good post Ebolan.
I felt the same thing earlier this week listening to Avis commentary.
D. Stockman has been warning of the impending consequences of our debt and spending addictions for some time now. Funny thing is how they never talk about when their in the heed of the battle.
Listening to Avi one has to be careful of shorting this market.
Remember the old saying”The market can remain irrational longer than you can remain solvent.”
The question I have is;After the crash will the Fed intervene with some kind of atomic stimulus as it did during the housing crisis?
The market seems totally insane to me…but that makes sense because all of society seems totally insane to me.
I must have been born at the wrong time in the wrong place but sense I am here I think I will celebrate Pi Day by taking off this dirty, disintegrating Stockman t-shirt. 🙂
Eddie,
We celebrated by going to a great St Patrick’s pre day pub crawl. Thank God I played golf first and missed the first four hours or so!
You bet, Eddie, the piper will eventually have to be paid.
If a Romanian hacker keeps Killary outta the White House I say we owe a great deal to Romanian hackers!
ditto
You US ‘republicans’ sure are trying your best to be ruled by a monarchy aren’t you – Kennedys, Bushes, Clintons?
🙂
Maybe…….the three could have a TURD PARTY, or a third party…..
Who wants to be King Shite of Turd Island?
hint: not i
That is great, Irwin!
aye aye Captain!
signed: sargeant Smelly
Great point, Eddie, again!
The Swift Alternative, eh? Hah, most AmeroCons prolly think it’s a Taylor Swfit cocncert tour.
I thought it was. No wonder I couldn’t get tickets.
By the way, who I’d Taylor Swift. I am only half joking!
Taylor Swift was after my time. In my day it was Taylor Slow. 🙂
CFS- democrat leaning ideologues..????HELLO.
the media puppets have a well paid job..
Seems that the Commercials have reduced their gold and silver short positions.
It is worth reading the opening commentary at the top of the below link… and then scrolling down to the conclusion in ‘The Wrap’ at the bottom of the page.
Getting of subject for a second if I may:
Can anyone give some insight into Yamana Gold:
Is it a buy?
Do you think it will rebound from this point?
Will there dividend bounce back?
Any thoughts on this company?
PeterM, I don’t follow it like I used to, but I believe that Yamana will definitely rebound and consider it a “big picture” buy at the current level. I like that it has plenty of silver and copper but those assets have added to its downside in recent months, no doubt.
Since I like silver and even copper longer term, I would choose AUY over some of its purer gold-producing rivals.
I only own it through the ETF SGDM.
Peter Boockvar, I’m not sure whether this guy is credible or not his logic seems reasonable given a scenario where the central banks only have to deal with regular movements in the economy but for me he completing side steps the biggest problem of all and that is how do you deal with the massive debt problem. How can they raise rates and continue tightening and expect the debt to be controlled. What am I missing here, anybody?
Oh, I think that he is very credible Machine Gun.
DT,
Peter needs to do a lot more research.
The interview with Chris Martenson was really good.
Chris is an incredibly bright guy.
I agree, Al. I hope you have him on more often.
A very good weekend read – confessions of past sins; by Warren Buffett
Excerpt:
“For a time I got lucky: Berkshire immediately enjoyed two years of good operating conditions. Better yet, its earnings in those years were free of income tax because it possessed a large loss carry-forward that had arisen from the disastrous results in earlier years.
“Then the honeymoon ended. During the 18 years following 1966, we struggled unremittingly with the textile business, all to no avail. But stubbornness – stupidity? – has its limits. In 1985, I finally threw in the towel and closed the operation.”
You mean it isn’t just gold bugs who are stubborn and stupid? Whoda thunk it?
The whole story starts on page 23 – “In the Beginning”.
http://www.berkshirehathaway.com/letters/2014ltr.pdf
Thanks for the link, Irwin.
Okay folks, out to practice golf and then off to an early St Patrick’s Day Party.
Back later.
Best to all,
Big Al
Unfortunately Grandich talks more about manipulation and christianity.
Not really sure where he is coming from. Talks a lot about what a great Christian and successful guy he is. He is not involved with us anymore. Ask him why sometimes.
Another victim of pride. Nothing can be done.
Who mentioned , St Guinness day !!!!!!!
“…then off to an early St Patrick’s Day Party.”
Mr. Big Al Korlin,
Aren’t you celebrating Pi Day???
Today is 3-14-15 and Pi is 3.1415. We will never see another Pi Day in our lives…so….I am celebrating by getting out of my dirty, disintegrating Stockman t-shirt! 🙂
By the way, my spell checker does not like your last name…wants me to make it Korline.
Oh trust me, I did celebrate it!
When I wish to know if the general stock market is at a turning point, I tend to look for what Peter Granditch is saying:
http://relevantradio.streamguys.us/DM%20Archive/DM20150313c.mp3
You can skip the first couple of minutes.
Interesting discussion on interest rates at moneytalks.net
or download from:
https://api.soundcloud.com/tracks/195852553/download?secret_token=&client_id=0f8fdbbaa21a9bd18210986a7dc2d72c
Franky.
Are you Canadian?
I really don’t think you know Harper, he prays for guidance from the all mighty God and the others are self seeking and are willing unleash all kinds of havoc just to get behind the wheel.
Franky is from Belgium, Peter, one of the most heavily indebted countries on earth. It does not get the press coverage that Ireland, Greece or Japan get but if I am not mistaken they are in the top five economic debt basket cases on planet earth (sorry Franky). I have a friend from there surviving here on old age pension and he shudders at the thought the Euro Region might break up one day and they would all go back to their former currencies. He says that his modest pension would be literally cut in half if that ever happened…or maybe worse. He lives here in East Africa too. It helps his arthritis he says. But in the last 8 months his pension has already evaporated against the local currency wiping out some 35% of his income in local terms. “It is incredible how far it fell” he reported a few days back. “But if we went back to Belgian Francs I would really become a poor man in Africa”. The funny part is that his African wife who is part of the growing middle class here earns more money than he does now with her small business yet she has just a tiny fraction of the taxes, fees and other costs associated with anyone who hails from Europe. So in the ten years he has been here he went from being what locals thought was a rich white guy to being someone who actually struggles to get by as African business income growth made huge gains. Life is funny like that!
With the amount of US treasury Belgium is holding, they might be spared of Euro break up after all. What a funny world
Life is funny Bird!
PeterM
Did his god tell him to support the “Madian” neo Nazis that burned alive people in Odessa? Was he told by this god to support the overthrow of the democratically elected government in Ukraine?
Did this god tell him to spy on Canadians?
Did his god tell him to abandon reason?
If yes, I think he needs find a new god, jmo.
that’s right franky, harper has shown himself to be an extension of the American military industrial complex and banks. this spying on citizens is just 1 more thing.
the issue is Justin supports this bill too.
its a 2 headed snake and there is nuthin anyone can do about it.
“The democratic, elected, governments of Honduras and Ukraine have been overthrown by US coups. Venezuela is next in line, with Bolivia, Ecuador, Argentina and Brazil waiting their turn”
Expect to hear negative things about these governments in our media.
George Carlin, “not one word do I believe”
Hey thanks CFS. That was a pretty interesting interview from Michael Campbell.
The Chris Martenson interview was the most important information in 10 years…
ANV shareholders shooting for an Equity Committee to represent shareholders.
If any ANV holders are interested…send a request to Ms. Patton that you would like a equity committee formed for the shareholders that are not represented. Several posters on the Yahoo ANV board are working on it.
Peter,
I agree. It looks as if the Bretton woods agreement of 70 years ago is done.
A new cycle and a new financial structure.
Bye bye fiat vapor paper…
Chartster, look at this link, it is the end game for the dollar…
http://www.reuters.com/article/2015/03/09/us-china-yuan-payments-exclusive-idUSKBN0M50BV20150309
And a new London gold fix … with China .
http://seekingalpha.com/article/2985966-chinas-great-leap-forward-towards-gold-market-dominance
https://www.youtube.com/watch?v=C2v3RNkTjZk
****** HERE IS ANOTHER POINT OF VIEW FROM ALASDAIR MACLEOD ON THE NEW PHYSICAL EXCHANGES *********
Here is another opinion on what is and will be happening with these new exchanges for physical gold and silver accountability going forward and more:
https://www.youtube.com/watch?v=Mk_VrMkiK#t=1063
FORGET ALL THE BULLSHIT…….PLEASE LISTEN TO THIS INTERVIEW VERY CAREFULLY.
AGAIN………………things are moving very FAST BEHIND THE SCENES !!!!!!!!!!!!!!!!!
******* OKAY THIS LINK DOSE NOT WORK ********
https://www.youtube.com/FinanceAndL/Liberty/videos
Click on GOLD IS A FINANCIAL NUCLEAR WEAPON…………..WOW !!!!!!!!
Let’s try this one Mark…
YES……………….THANK YOU…………PLEASE LISTEN……AND WHAT DO YOU THINK……….
By my understanding of the current state of China, it is unlikely that gold price will be suppressed if Chinese government is in control. Due to the universal discontent among the population and lack of legitimacy of Chinese government due to lack of election, Chinese government is trying to appease to the public. China is famous for revolution, more than France. The proof is the current anti-corruption initiative which has lasted over two years. To make public happy and make the CCP in control for longer, the new leader turns their gun to their own class. Many high and medium level officials are purged, arrested or executed. These also include many new riches who dared to seek power by buying off officials. Even this means lower economic growth and capital outflow, President Xi did it anyway since he feels he can get more support from the people in a long run. e.g. new city TianDucheng became a ghost city due to the arrest of its founder. He has escaped many assassination attempts in the last couple of years. Chinese people have bought a lot of gold during the last 10 years and continue to do so. Significant lower gold price will make people angry. However, a fast growing of gold price is not in China’s best interest because they are still buying and they want people to keep buying based on an ancient idea “hide wealth among the population藏富于民”.
So I think the strong possibility is steady rise of gold price if China starts to control the gold price. Chinese government has been very vocal of telling people that Chinese government has no pricing power in gold. They have been saying that so much to make me think they are trying to avoid the blame for gold price dive. They launched global trade last year, the number one goal stated is to grab pricing power from the west. So I think they can stay clean with the blame for now, but not if they get the pricing power.
WHY NOT TALK ABOUT………………this going forward !
Mark…great interview…I see a path being made, at the same time envisioning nothing but curve balls thrown at it. The TF metalsreport slogan… pretty much sums it up.
The end of the Great Keynesian Experiment is upon us.
So what ever happened to the newsletter?
Three different editions. You should have gotten two last week.p
Is there a list or does a person need to ask each week?
I didn’t ask last week as I thought there was a list, I did receive 1, maybe week before last?
Actually Al. why don’t you guys just post it here, under its own thread?
Here is kind of a cool chart widget. It is a global map of Net Debt to GDP that can be viewed for any year between 1980 through to 2016 (estimates). I plugged in the dates for the start of the Euro just to compare what changes had happened in the Euro region since then. So that’s the chart that pops up when you click on it. Cripes did they ever go downhill fast…..but so did the rest of us. You can visually see the changes year by year as the debt bubble grew across the globe and who was being impacted most. Keep in mind the numbers are net if you are wondering why the figures are lower than what you are used too. All data and estimates were supplied by the IMF.
Total Government Net Debt (% of GDP) Data for Year 2000, All Countries Map
http://www.economywatch.com/economic-statistics/economic-indicators/General_Government_Net_Debt_Percentage_GDP/2000/#yearListing
Thanks for the above Net Debt to GDP site Birdman I will pass it on to my friends tonite so they can read it tomorrow whilst chewing (maybe choking on) their cornflakes
Cool graphic isn’t it. What’s interesting to me is how low the levels of Government debt to GDP are in some of the worlds other large and developing economies like China, Indian, Malaysia and Russia. It’s obvious who has room to grow and escape any looming global downturn. Or rather, who has dry powder and who doesn’t when the tide goes out! …not to mention, those guys have most of the gold now.
Of course, the picture changes quite a bit once you look at other charts that add up all the debts of regional governments, states, provinces, cities, business and private borrowers. Anyway, there are 50 other indicators on the map chart that put things in better perspective and prove that no sigle indicator gives a definitive answer about a country. One example is GDP per capita expressed in purchasing power (PPP). I spent awhile going back and forth and looking at Canada and the US compared to Europe and Asia for clues about where the world is heading. The projections out to 2018 are helpful although something tells me by the time we get there this will feel like a different planet we are on.
I think we need to accept that the onset of European QE has been timed very precisely to coincide with the end of the declines in the Euro (for now anyway) and that the dollar is the major currency that is set to fall back on a technical basis. This in all probability is the only way that the Fed will be able to justify the raising of rates by this summer. There are three widespread assumptions in the markets at this time that are all about to be challenged. These are first that a Fed rate hike will crash equity markets, that it will further strengthen the dollar and that ECB QE will drive the Euro to shocking new lows. I think all of these will be proven wrong and we will see that manifest by this summer as the Fed indeed does hike by a quarter point, that stock markets move higher and that the Euro is simultaneously on the rise. It just has to be that way because every other option, while logical on the face of it, is going to have to be wrong.
People in Europe are maxed out – financially exhausted – especially so in places like Greece, Spain, Portugal.
This EU QE may just go into bonds and stocks? If it aims to drive up prices/inflation generally then the people simply do not have the money to spend.
How can The Fed raise rates and deal with just paying the interest on the US national debt, I know print money, the debt just keeps growing and it will rear it’s head as soon as interest rates are hiked by even a quarter point. Nobody can have a sound currency when debt is everywhere, and at some point it will destroy the financial system. The Russians have a saying ” if you pretend to pay us, we will pretend to work” but at some point the pretence will no longer work.DT
DT, I feel media is trying all they can to avoid talking about this fundamental reason of low interest rate. Instead they attribute the low interest rate to soft economy and at same time they talk about how strong the US economy is compared to others. This is all BS. The dominant reason for low interest rate is that governments are deeply In debt so central banks are issuing new money to lend to government to suppress the interest rate. The days of debt driving interest rate up is long gone. It was free market response to debt. Now it is the manipulation which determines the rate. The end result is that the debt goes exponential and money goes to 0. Just wait and see for the next 10 years.
Fundamentals will shortly raise their ugly heads!
And funnymentals will keep raising theirs! 🙂
DT,
The fed will raise rates when the new financial system is introduced. When we go back to an asset based system the bonds will be backed by assets which is a liquidity creating event. The liquidity event will spur the global economy. That’s why most commodity charts like steel, timber, lumber and even caterpillar are close to or have bottomed.
The QE program purchased stocks from the top one thousand corporations to prop up the market, which resulted about 7 or 8 trillion of debt. The stock buy-backs was the corps ( pun intended ) paying back the fed for buying their stock. So… The fed is sitting on this money to pay back and reduce the debt about 7 or 8 trillion.
So, the new financial system which creates liquidity and the debt being offset gives America the boost she needs. Problem solved. Raise rates.
Where do you think the money is going to come from for the infrastructure projects that Obama has been touting?? Now you know.
It should be noted: ALL GOLD IS FOOL’S GOLD.
Uh, yeah. Thanks , Will!
Everyone has an opinion, Will.
Wow, that was a harsh rebuttal Al.
Just kidding around of course 🙂
Regarding?
Big Al…here is another write up of Gold Canyon
Small Mining Companies Hibernate to Survive Industry Slump
If you look at the gold price for the last 40+ years since gold is allowed to be owned, you know who is THE FOOL, immediately.
Ya its a hell of an investment….LOL
http://www.macrotrends.net/chart/1333/gold-and-silver-prices-100-year-historical-chart
You just put out the inflation adjusted price of gold, which demonstrates the gold against inflation very well. Gold price is supposed to grow at rate of inflation minus gold inflation itself, which is supposed to be 1.5% a year. So if monetary inflation is 0, gold should decline on 1.5% a year. However, you can see, even you removed the inflationary effect in the diagram, gold has grown from effective $220 from 1971 when gold is de-linked to $1150 now. It means gold does better than beating inflation. It actually increase in value. At same period of time, fiat currency has lost 90% of value. This illustrate the difference between hard asset currency with fiat currency. Amazing, isn’t it? Thanks again with your chart, Bill.
In addition if you consider the ~1.5% of population growth of the world and slight industrial consumption of gold, gold price should be increasing at very slight pace on a inflation adjusted basis. However, gold significantly out perform this price projection because world population not only grows, other part of the world gets richer as well. At same time inflation is under reported.
WILL-FOOL- THINKING………..lol
Or, out of the Mouth of a… FOOL, a GOLDEN TONGUE IS MISSING….
Bob Hoye at Institutional Advisors knows that gold is money.
http://talkdigitalnetwork.com/2015/03/equity-markets-peaked/
NICE POST……………..thanks……………….j
Pento has a v good peice on KWN re the Fed and raising rates..please read it..
thanks
Pento, like Schiff, refuses to acknowledge the government’s willingness and ability to manipulate the market. This in effect make their prediction off base. Fundamentals eventually will win but may not be right away. As for market, if market becomes bigger than government, they can just abolish it.
Lawrence, I don’t think Pento or Schiff would deny that the government intervenes in the markets all the time.
Peter Schiff said several times that he does not want to emphasize on government manipulation and therefore scare people away or make ordinary investors not to invest with him. He feels that market is bigger than government so intervention will be just overcome. However, I don’t think people have their time line in mind. If it does not work in a couple of years people leave. It is much better to bring manipulation on the foreground and dealing with it accordingly.
I would agree that he doesn’t emphasize it, but I also agree that the market is bigger.
Peter is right to say that Lawrence. The “manipulation of gold” theme that some people in the gold community go to such lengths to prove has really done more damage to this market than anything the so-called manipulators ever did.
Just try looking at any of the popular metals sites as an outsider or casual observer. If what you are reading does not actually sound crazy then it sure creates the appearance nobody can win at owning precious metals. It is a huge turn-off…..just more bad news every day.
The conspiracy minded folks have guaranteed that no normal people will take a serious interest in metals because what these guys have effectively told us is that the gold market is so riddled with insider privilege, Government interventionist policy, Fed controls and Hedge fund and HFT manipulations that it is pointless to invest any money here.
In other words, losses are all but guaranteed! Who would buy gold in that climate?
And yet these manipulation accusers never seem to see the irony of the damage they themselves cause by constantly beating on that worn old drum and scaring away virtually anyone new who might have had just a little interest in investing in gold for the first time.
You really would laugh if it were not so tragic. These guys are shooting themselves in both feet and their heads while wrecking a whole industry in the process because they just won’t shut up about their crazy theories.
A real gold manipulator could not have planned this better.
But what do I know? Maybe the Fed has a small department dedicated purely to psychological warfare against the gold bugs. And I do mean small. Like one smart guy with the right connections could send the gold bug community apoplectic and the conspiracy writers and talkers end up doing all the hard work wrecking gold as an investment.
Too damned funny for words!
Chartster I dont understand your thesis. The Fed is going to raise rates v shortly so they can reduce later..From what little I know Pento is pretty right on..Obama & infrastructure…you believe he cares..??America is in collapse.. Bob Hoye seems credible
though i wonder, question his belief gold will follow the Dow lower…
Armstrong says no austerity in the US…this of course wouldn’t be an opinion.
Austerity in USA & Republican Approach to the Budget
QUESTION: Do you really think austerity can come to the USA?
ANSWER: No. However, that is the issue which is likely to split the Republican Party for 2016. That is why the Solution cannot be simply cutting taxes or raising taxes.
http://armstrongeconomics.com/2015/03/15/austerity-in-usa-republican-approach-to-the-budget/
I found pento and Schiff are good at predicting what government will do even they are not good at what market will react. The problem is they underestimated people’s stupidity
Lawrence…what do you think is up with Putin?
Speculation rife as world waits for Putin to reappear
I really have no idea. If he is dead, it should be announced. If he is sick or have operation, it could take a while. Or they just want to see what CIA will try to stir up. Someone said that he was with his girl friend for their new child. I don’t think that will make him disappear. If Putin die at this moment, it is not good for Russia.
That’s not good news Marked. Not an 11 day absence. It could well mean that there is a power struggle taking place inside the Kremlin and Putin is out by force. If that is the case we won’t get any news until the political class have decided amongst themselves who the interim replacement will be. There is no way in hell that Putin himself would allow doubts to persist this long if he were able to respond to the media requests. All public figures know that such absences create an environment of intrigue and instability and they would be quick to end speculation if they were able. I suspect therefore that there has been a putsch from within the ranks.
Putin is back and called on 400K toupes on full alert. I guess he disappeared due to the need of strategy sessions with his cabinet and consolidate the support of commanders. Mao used to do that. He would disappear and when he came out, he acted with full support of the commanders. Putin might do the same. He is a strong man, unlike Obama who only knows talking.
Gisty,
The only way the fed can raise rates is if a liquidity creating event occurs to spur the economy. That will happen soon.
I think Obama only cares about him self. But he will leave a legacy of bringing America back to an asset backed currency standard, and funding infrastructure and bringing the economy back.
None of it being ” his doing ” , but he will get the credit. ( unfortunately )
sarcasm ?
No Greg , truth
It’s hard for me to see how things can work out differently than what Von-Greyez is saying…
“…we then will have a deflationary depression in the world which will last for a very long time.
Here is some advice on how to get through the current and coming tough times…
Ya its a hell of an investment….LOL
http://www.macrotrends.net/chart/1333/gold-and-silver-prices-100-year-historical-chart
Schiff and Pento…..How long can people listen to these guys when their WRONG all the time!? Ship of fools..
Hate to tell you this, Bill, but your chart proves you don’t get it. Gold is not meant to provide big gains; when it does, it is thanks to distortions caused by governments. Its upside during economic contractions is increased dramatically by the preceding bubbles (and other misallocations of capital) caused/exacerbated by government/central bank intervention.
Considering that gold should be compared to government promises, and not businesses, it is extra impressive that it has done so well compared to the Dow (of course, thirty-two Dow companies have been dropped from the index since 1976 and only one component stock remains part of the Dow if we go back to 1929 -good luck, stock-pickers).
So, since paper promises are meant to replace gold, it makes perfect sense to measure those promises against gold. Therefore, only a sucker-dupe fool would care about the “inflation adjusted” chart that you put up. If you want to know how gold has performed versus the world’s strongest Marxist credit currency, then take a look at the last third of this chart: http://goldsilverworlds.com/gold-and-silver-prices-over-200-years-long-term-gold-and-silver-charts/
You might better understand the long term strength of your favorite debt paper if you stand on your head while looking at the same chart.
The event is behind us for now…. It was easy to predict…I started buying gold in 2000….Yup lots of debt but what else is new….The big run ups created by the cycle and the defensive measures of the investor.
Again Currencies have been dieing forever. Just the speed changes depending on policy. I consider real investments long term and not jumping in and out. Where the hell are you going to put a few mil and get a yield…? Gold is a speculative ride.
Mathew. My buddy called the crash and went to cash…$250,000 worth. Now we are invested in the US and not in Canada or Commodities. He predicted the de-leveraging event perfectly…I couldn’t and most had no idea of the hows and whys. People keep talking about the next big fallout….It ain’t coming yet…Not even on the radar…Everyone can keep holding their breath while I laugh….
Mathew no disrespect but you called a move in the junior market in Canada I think around last summer…It flew off a cliff…
See for yourself what I said:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=1&mn=5&dy=0&id=p22491941868&a=363485754
Btw, why does this buddy of yours not have a name? Why would a money manager not want recognition for his successes?
Nice then I didn’t see the sell if you did..
I mentioned him a few times. He doesn’t care for fan fair…He’s one of the only guys I believe these days and my personal secrete weapon….
Sorry Mathew I meant he went to $250,000,000 cash…
http://www.ritholtz.com/blog/2013/05/which-is-a-better-inflation-hedge-gold-or-houses/
Housing you can leverage over the long term without blowing up. Its a tool for wealth the average people can buy and understand (Minus the stupidity that occurred in 2004 prior the blow up)….It also pays a yield…..Gold is a joke to me.
I can guarantee you one thing Bill…….There are more bankrupt home owners, than bankrupt gold holders…………..lol
IF , you think gold is a joke , as you indicate, ……Why waste your time on this site.?
Ritholz is a complete shill.
Most people do not calculate the added expense of real estate …….taxes, repairs, management, lights heat,paint, remodel, new kitchens, new carpet, shrubs, insurance, water heater repair, furnace repair, outdated exterior, outdated interior, ….let a lone the risk of an unwanted next door neighbor, or a neighborhood that changes. I guess we mentioned that real estate is fixed in location, so what was 20 years ago might not be the best investment option after all. Interest charges is a good one, you can always regain that one…he,he………..House insurance, out the window cost never to return.
Now, lets see……the cost to hold gold………
Never had to mortgage my gold……….or take a loan out to acquire…..never had to insure my gold…….never had to have a house keeper to dust off the lint…never had to pay an electric bill to keep it warm…..never had to pay a water bill to keep the leaves from turning brown……….Ah, gold never an unwanted item for people in the know…
Bill……I do like real estate…..but, it is a pain in the arce……
Ya J…..THE LONG…..
Hardly anyone owns gold LOL…
NO ONE in this country is bankrupt from a home…. People that have were completely clueless anyway…
Gold Bugs ruin gold….It get blown way out of perspective…
Copper Palladium whatever metal….Their all move together over the long term.
Bill…you have to be kidding…….there are people still upside down on real estate..
Bill………there are still people out there , that own real estate , and still clueless
J……..THE LONG…………..OOTB
Upside down because they bought a WAY overpriced asset with zero down ect ect..
Their not investors their idiots!
Bill, Why do you care if gold is blow out of perspective……you do not own it, you said.
Bill…….no one forced them to purchase the real estate…..but, since they purchased like an idiot…..their purchase effects all real estate. The govt is getting ready to screw it up again, with new lower rates………..
Have a good one….always fun pushing buttons 😉
Howz the yield on your gold? If it was so sweet more investors on earth would be buying gold now real estate
Re: “If it was so sweet more investors on earth would be buying gold now real estate”
…….
Now that is a good one, Bill! Yes, the herd is brilliant, full of common sense, and always first to recognize a good value. Those who actually think and don’t know or care who was in the last super bowl always end up playing bag-holder while the sheep count their loot, yeah that’s it, lol….
Bill, if you’re looking for long term preservation of wealth, gold is the least speculative asset there is. If you are looking for a quick buck in short period of time, then it is highly speculative.
You’re chasing risk when you chase yield. High risk, low potential ain’t for me.
Ya no counter party risk. My kid isn’t going to get wealthy by buying a tiny bit of gold every month….Buy a productive asset with leverage and pay it down with a water down currency. Inflate away that loan…
Don’t buy the biggest bubble in history J…….THE LONG.
RE: Copper Palladium whatever metal….Their all move together over the long term.
——–
Bill, gold is the only metal that is sitting well above its 2008 high. Why? Because gold is money. Cash is king in an economic downturn and gold is the king of cash. It is negatively correlated to the economy because it is a safe haven asset. Even platinum has more in common with copper than with gold.
Copper went up a 1000% gold about 600% in the bull….Then it ended..
Of course you don’t get wealthy by holding gold; you STAY wealthy by holding gold. Something tells me that you’re kid won’t have to worry about wealth. 😉
BILL,,,,,the biggest bubble in HISTORY WAS THE TULIP BULB BUBBLE……..
Gold is a hedge for sure in extreme economic stress… Nothings normal these days in any economy but were plugging. If the wheels begin to wobble I hope I can get back on the gold bus….There’s a place and time…Got to go….
J….the
You think the Tulip bubble was bigger then the U.S. housing bubble!!? Where is you ur head man. Stock markets crashed commodities. All because the De leveraging of housing. Billion involved with Millioks and millions of people and the whole globe. Do you want to repeat!!?
Sorry about the spelling. Crappy little hand set.
I’ll simplify it there. USD is in a bull market. Gold not. Save your typing
Funny, the dollar has lost 70% of its value since the last time the USDX hit 100 back in 2003. It’s a bull market alright, a bullsh*t one.
Geez Bill, last article I read from Pento he was predicting the dow and s&p more up.
Schiff of course hasn’t change in (I don’t no how long) but eventually he will be right again.
I use to listen to Pento…Years of a bull market now hes bullish on the stock market??! He was pounding the table on a bond fall out….Maybe one day eh?
2011: 90 gold analyst predictions.
Martin Armstrong: $5,000 – $12,000 (by 2015/16)
http://www.munknee.com/update-these-90-analysts-believe-gold-will-go-to-5000ozt-or-more/
Thanks Matt, I forgot all about that but sure remember it now. I have to laugh at all the “experts” who laugh at those projections (even though most will admittedly be wrong on their timing).
Funny how Marty has toned things down since then.
I completely agree Mathew. I have seen near everyone get blown out of the water.
A couple of mangers on the globe have skated through. A top gun manager in Canada for 18 years got smashed. This guy made 20-30% a year. He’s done nothing for 5 years. It’s a hell of a tough gig.
Good luck with that..MA has been going no where fast….
Predicting golds move is near impossible….I wont get into it..I don’t have the time
*Nor the knowledge.
Ha ha actually that’s funny. We will see how things fair in the next year.
Ya I wouldn’t have a clue. I bought in 2000 for $300 and change. I sold 2011 and sold silver at $49. Just lucky as hell I guess eh Mathew. Had $3 million holdings in 2011.
You sure are impressed with 3 mil. At the moment, that’s just 2,580 ounces of gold or 53,000 constitutional dollars. You would need 48,379.29 ounces of gold or more than 56 million Federal Reserve Notes to equal a constitutional one million dollars. That’s why being a millionaire used to mean something.
pardon my ignorance, what liquidity event pray tell…?
thanks
THE CRASH OF THE U.S. TREASURY PONZI MARKET: Shown In Two Scenarios
Filed in Economy by SRSrocco on March 12, 2015
interesting observations….
I am not the person that believes we can watch China’s debt bubble pop without any positive effect to the price of gold. Total Chinese credit has already risen from 100% to 250% of GDP in eight years to $26 trillion, equal to the US and Japanese banking systems combined.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11450691/Liquidity-evaporates-in-China-as-fiscal-cliff-nears.html
There are many conflicting data from China, especially data produced in the west for China. People choose not to believe the official data and believe all the rumour, this is opposite of US where people believe in official data regardless how made up they are. The problem is that how you can use this information. Unless you are like me who invests in Chinese stocks, this information may not help you at all. Based on the current performance of my Chinese stocks, the liquidity is verstrong there at present. Also people cannot easily buy government bonds, they are rationed. So it does not look like government need money badly.
Rationed? You mean you cannot buy any amount you choose at any time? I did not know that Lawrence. Can you add to that a little because you got my curiosity up. Who rations state bonds? That’s nuts.
People can not go to the bank just buy Chinese treasury bond. People either have to get some quota from some channel or line up really early in the bank to get some limited quantity. It is gone right away. At least this was true at 2013 when I visit there .Same with cars you have to win lottery. Government seems don’t want owedebt to general population. I guess Chinese think differently. If government owe money and not pay back, people will start to make trouble.
From my second favorite guy say China is at risk of something very serious the next 4 years.
You seems always rely on others
Can you blame him when more than 90% of all the well known Gurus’ and prognosticators got gold wrong? If you are lucky enough to find one guy who gets it right repeatedly and has a good track record you hang on to him like a life preserver.
It’s a rare skill to judge markets with accuracy and yet there are indeed a few Babe Ruth’s out there who seem to have the talents and keep hitting them out of the park again and again.
I guess its like any other profession or skill in life. People idolize sports hero’s who get to the top of the game because they represent the virtues and skillfulness that we all secretly aspire too.
The investment world is the same in that respect but with one very big difference. It is an arena we can all play when we get the insights from the top minds. What I mean is that when Babe Ruth hit a homer it did nothing for my bank account but when a particularly talented financial analyst warns us in a timely way not to be on the wrong side of the Swiss Franc you could make an overnight fortune (or avoid ugly losses).
So I would not criticize Bill for following someone who has a track record. We would all like to be the best in the world at understanding the markets but in life we know that there are just a small handful who reach the top.
Same in Baseball, same in hockey, same in dance or art or philosophy or skiing.
If he is not good at investment, he should avoid giving advice here. If he can not convince himself, what is the point of convincing others.
China have been facing serious challenges for a long time. It have been having life and death struggles since day one. You can say the same for US. These are large countries.
Have you ever wondered why gold hasn’t gone up much lately?
I’m not short or long cause of indicators. But, the reason why it’s not going up is cause .
( it ain’t gonna )
I completely agree. If you were with Bob coulees Moriarty it would be flying high these days with the dollar as used toilet paper. But all things change hey Bob? That’s his CYA note
The lights went out on this board many months ago.
IT’S UNBELIEVABLE !!!!!
HA….this place is a joke.
Right now guys and gals. ..you too Big AL…a very huge event is coming.
Funny how Doc and all the analysts are ignoring reality around here.
1. Comex gold price is a fraud and the price ahould be ignored.
LMBA and all the exchanges include all of them. Pure fraud.
2. Putin has been missing for over 10 days. Military sources are
commenting we could be faced with a nuclear exchange.
I have significant more information why we are faced with a complete
world catastrophe. Forget KWN. With the information I have a very seeious
event is at hand. Within 6 months at the very most. Unfortunately must be
brief as I have made comments on this board before where all this is leading.
AS EARLY AS NEXT WEEK THE WORLD COULD CHANGE FOREVER !!!!!
People will scoff and thats fine. In previous world catastrophes all the way
to the last minute before world war 2 started everyone scoffed. The Jews
and the Germans didn’t believe anything bad was coming either. We all know
what happened.
Chris Martenson issued a world war 3 alert and told his subscribers to prepare
for war. WHERE THE HELL IS THAT ON THIS WEEKEND SHOW. NOTHING !!!!!!
I may only get to say this one more time. Time is running out folks.
THIS IS ARMAGEDDON AND STOP THE DENIAL B.S. Its unfolding right now.
It’s time to get spiritually right with God and prepare emotionally.
God Bless and hope you can realize the time in which we live.
Please no B.S. messages to me. This is a seriously critical event this world
is faced with. Its going to happen. Billions of lives will be lost. Economic
collapse that will be worse than the dark ages. THIS IS SERIOUS FOLKS.
ITS SO SERIOUS AND SIGNIFICANT. ..YOU HAVE NO IDEA !!!!! You do now.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
z ? comatose and hopeless.
China claiming 88% of annual global gold production?:
http://www.gata.org/node/15185
Chinese banks to directly participate in LBMA auctions to further expedite western gold stockpiles east?
https://www.bullionstar.com/blogs/ronan-manly/chinese-banks-direct-participants-lbma-gold-price-auction-fast/
Only a rumor. With Russia surrounded by Allied Forces and Putin
issued a warning he was preparing his nuclear arsenal.
There is a ton of news and possibly a nuclear war coming.
You should hang out with Bob.
Bill, I’m only posting and so if you are not interested just
scroll by. Is that so difficult.
HH,
I agree that it’s a very pivotal time for us in the US. It is easy to see that our leadership is destroying the US from within. The rest of the world is discussed with the policy of the US.
I still don’t see a war because of the financial charts. All should get better this year.
( besides the stock crash this fall..)
Chartster, the war meter is on high alert. There is a huge military
build up and that leads to war. Waging financial war leads to military
engagement. Russia is a nuclear armed nation. The worst is coming.
Nuclear war?? Holy crap! Is John McCain president??!
Barry is. Thats much worse than McCain.
He is a Suni muslim too. This is not a laughing matter.
This is 8 times worse than the Cuban missile crisis.
No? Ok, good…
We don’t need Dr.Evil to nuke a kitten for breathing!
This should help. Its significant and catastrophe waiting in the wings.
http://www.bbc.com/news/world-europe-31899680
This is only minuscule amount of information and
reasons this is catastrophic.
If all one looks for is negativatity and fear that’s what you will get. The fact is it’s always there. HEAVY you are completely off your nut.
HH is off his meds, has been for awhile.
I think he should make a sign “the end is near” and find a city corner.
BB….the med. comment is wearing old.
I said you want to scoff thats fine.
World war 2 victims wished they didn’t
but it was too late.
BB…..that’s what people do they will scoff
right up to the very last hour before the
catastrophe. Everytime too.
HH, I am not scoffing, I honestly believe you are off your meds.
I think you need to get back on them, you may find a little balance.
BB…Fabian Calvo and Chris Martensen. Glenn Beck too. Should take their meds.
http://www.youtube.com/watch?v=KSbK8YRIXdQ
BB…you are just dumbed down and in denial like the majority.
If guys like you BB were worried nothing would happen.
BB…do you realize you are part of the 95 percent who
actually believe nothing will happen. A very dangerous
consensus and high odds you are wrong. Russia surrounded
by Allied Forces….you think its no big deal.
HA….you are a very funny guy…BB…
Thanks…BB ..you always make me bust out laughin
No rational and acting out of pure ignorance.
BB….HA..HA ..will you ..EVER…learn to get out of your own
pathetic ways..too…tooooo…funny !!!!!!! Comical….hilarious !!!
BB….CAN’T GET OUT OF HIS OWN WAY. !!!!!! HA..HAAAAAAAAAAAAA
HH, you are seeing things that are not there.
“BB…do you realize you are part of the 95 percent who
actually believe nothing will happen. A very dangerous
consensus and high odds you are wrong. Russia surrounded
by Allied Forces….you think its no big deal.”
I have not said nothing will happen, and its virtually impossible to “surround” Russia, your imagining things. This is a sign your off your meds.
I have known schizophrenia patents, I have seen a few times them going “jesus” the world is going to end when they stop taking their meds.
I am not scoffing or ridiculing, I think you need to see your doctor and talk to him/her about what you are seeing.
People that need medication can start believing they don’t need them and stop taking them, they don’t realise they are “out of balance”.
See your doctor HH.
HA..HA…BB you will makes anything for your sorry condition.
You know so much about it, you’re a scary guy..BB.
HA…HAAAAA because you…yourself have under gone psychological treatment.
Really your condition is TAMAGUCHI more or less. Look it up..BB. HA…HAAAAAAAAAA
You are hilarious !!!!!!! Clowns are funny ! I’m enjoying the entertainment. Thanks !!!
Bill, world war 2 victims scoffed too. It was too late for them.
Russia surrounded by Allied Forces is not a catastrophe waiting
to happen.
What ???? If Russia had troops all over the Mexican borders you
wouldn’t be worried as president of the US.
How about where you live if gangs where surrounding your house.
Bill, your comment has no value or merit. Just name calling.
LOOK AT THE BIG BRAIN ON BILL !!!!! Your a joke, you know that.
You worry to much. Your going to make yourself ill. There no war imminent here. But there always is.
That’s your opinion Bill but that’s what the majority always
says minutes before the destruction.
This time won’t be any different.
America is going to be destroyed. All of North America
and any nation who has now turned their backs on God.
YOU CANT DO THAT. …and destruction is assured and
guaranteed now. All of history proves nations that turned
from God were destroyed.
In the 60’s during the Cuban missile crisis Kennedy saved
America from an Armageddon event. Right now all deplomacy
and cooperation with Russia with all those treaties signed are
dead as of a few days ago. This is a tragedy and a risk now to
all of mankind.
In the 60’s America was a nation under God. All our public, government
and private institutions honored God. We were protected by God and
America prospered because of that.
Now we dishonor God and make it illegal to honor God in our government’s
and institutions.
YOU BELIEVE NOTHING HORRIBLE WILL HAPPEN.
God will not only use other nations to destroy those nations who
turned from God, he will level everything.
Russia’s military prays and honors God in unison. The Russian people
are God loving.
If you want to act in disbelief like most will , that’s fine. Judgment is coming
and those who reject God your souls are in great peril from the wrath of God.
Very soon God is going to make sure every human being understands who he is.
Save yourself severe suffering and pain embrace God now before it’s too late.
God has been a little slow resolving the slaughter of the Romanov’s.
Putin is not a pious Christian.
God will not distroy those who he can use at some future
purpose to destroy those nations who turned from God.
Russia will remain and will be used by God to destroy America.
America has turned from God. For agnostic, atheists and luke warm
Christians this is a very dangerous time in history.
http://goldtadise.com/?p=345443
dollar looking topy..
I think so too. My premise is that the dollar / euro reversal must come with confirmation of a rate hike or that will be off the table. The ECB QE should have told us that its effect would actually be Euro positive just as the Fed’s QE did not send us into the massive dollar devaluation that so many predicted. The popular thinking is all wrong on these topics. QE in Europe will therefore boost the Euro and a rate hike in the US will pressure the dollar down and spur investment.
Heavy. Good to see you back.
Thanks Biggus. I wished I felt the same.
Its never easy going against majority public
opinion. Best to you biggus… : )
Oops….there goes oil.
Heading for the high $30s as I said before due to ridiculous oversupply.
……I’m currenrly still a gold bear.
regardless of those who screamed about the train leaving the station & to da moon BS.
What a bunch of nuffies they were.
Cheers.
I am still bearish too, Skeeta. The one thing we need to always keep clear in our minds is that commodities are still falling and until that trend ends gold is very, very unlikely to start rising. Commodities rise and fall together. That is a fact. Gold behaves as a commodity not as a currency where investing is concerned. So unless we descend directly into a currency crisis then golds fortunes are not about to improve. This truly is about confidence in the system and in our institutions. Meanwhile, if the dollar does begin to decline versus the Euro as I have been anticipating then gold will likely fall in most currencies which will take the air out of the idea that gold is already marching higher across the world. This is partly why we are waiting for an announcement from the Fed on a rate hike. They will not make a move as long as the dollar is still rising but rather will bide there time until it is technically ready for a decline otherwise they would risk amplifying the dollar strength effect. So I conclude that the Euro will rise but gold will probably not benefit substantially as oil and most other commodities are still in retreat.
Oil is down since last July but is holding January lows and support:
http://quotes.ino.com/charting/index.html?s=NYMEX_CL.K15.E&v=d3&t=c&a=10&w=1
HELLO HH,
Hope everything is well, glad to see your post.
Forget the scoffers, they know not what they speak.
Thanks for sharing, it is to bad most do not see you are caring.
Have a great day……………..j.
Thanks J….Russia just put 40,000 troops in the Artic on high alert.
Rumor with retired high ranking military officers Russia could invade
the US through the Artic very easily going down through Canada and
Alaska. Thats one option. O…has destroyed relations with S America
and possible they could attack coming from Mexico.
Most people just don’t realize how serious this is. There is going to be
war right here on our homeland within several months. Nuclear weapons
being used to disrupt everything and then conventional forces move in.
However it plays out we will have major hits right here. Economic collapse
will be epic. Thats coming regardless of a war. The war though is here as
well.
Glenn Beck says not sure about the timing but its definitely coming.
http://www.glennbeck.com/2015/03/10/three-signs-we-are-on-the-road-to-world-war-3/
Take good care J….peace and blessings !!!!!!!
This is exactly I thought Russia will do. Posting threat of invading Alaska and invade US through Canada. Canada is no-man’s land when facing major countries like Russia. I live here and I can see the level of readiness for war. Russian and China are armed to the teeth. There will be no real resistance to Russian troops. Bering Strait is like a larger river in the modern warfare. I am sure US has to take this seriously and public opinion will turn against the war once people realized they have to face Russia at home.
This is also the last major threat to US before real military is to be used. If US does not accept this threat seriously, nothing else will.
This also shows that Putin is trying to avoid a war. Otherwise he will secretly move troops and ready to attack at any moment.
Unfortunately Canadians are poor regarding military engagements.
Like you said the resistance will be almost non existent.
Excellent comment if NATO/US does not take this serious now
we will have Armageddon. Nukes will be used. There is no doubt
about that. THIS IS VERY VERY SERIOUS and 8 times worse than
the Cuban missile crisis.
However, this site will not mention anything in editorials regarding this threat.
That is a very bad sign this war will explode into a cataclysmic event.
Fabian Calvo is a real estate genuis comments on this subject.
A MUST LISTEN
http://www.youtube.com/watch?v=KSbK8YRIXdQ
ANDREW if your out there…a big hello to you. : )
Off course nukes have to be used by US once Russian invades. U.S. has no preparation in the home land for war. By contrast in China there are troops field armies spread on various regions and with strategic weapons hidden everywhere. Troops are well supplied to defend each region. There are long and deep tunnels underground in the cities. US has non of those. The whole US homeland is an open field for military attack.
Precisely Lawrence.
We have nothing here to defend the homeland. Very little.
Has this been planned. Russia and the US on the same team.
Our debt. No longer can be paid. Seems to me Americans think
somehow they will not be responsible for all this debt.
Like the rich will pay it. Nope, the poor or average person will always
get stuck with it.
All they need now is an excuse of a horrible event to lock everyone
down and remove human rights. Slavery is making a come back.
For the 99 percent. Dark ages that’s what happened. Only 1 percent
controlled all the wealth. We are moving in that direction in a big way.
The average person has very little. One more crisis and no more middle class.
Only poor and the 1 percenters. Very likely coming soon.
Oh, the F35 is disabled in the news today. Barely can carry ammo or bombs.
This is it. What I have been waiting for since the start of the year. So I am calling the Euro bottom right here, right now today……. The dollar has topped and is about to fall back. How far I do not know yet but our reversal has arrived.
That’s a bold statement! Your reputation is on the line here 🙂
Please don’t change your tone by friday…
I have confidence. 🙂
lol
China is said to be purchasing 88% of world annual gold supply to support their global currency initiative.
America is a bit gold player,controlling commodity prices in a currency the largest countries are planning to shortly ‘dump’ or circumvent.
The Brits scabbing and dumping America for the BRIC’s is the latest indicator of how the world views the Fed’s linen unit.
The Fed will be thankful if China joins the Anglo Empire club and allows the dollar to remain distantly relevant in the SDR basket-for the time being.
4,000 years ago silver became the first metal currency,attaining ‘international currency’ status,the first currency to do so.The Chinese used silver as their medium of exchange for 2100 years,until the British could no longer find any more to purchase what they demanded from China. What followed is what we still have now in the form of the Federal Reserve fiat and Central bank fiat world-wide.
China is the world’s gold standard and they will control the price to reflect their position.
Asians historically and culturally love gold, control the global flow of gold and with 4 billion people vs. 320 million Americans (with little to no gold interest) the timing of how long the Fed can keep up their fiat ponzi pricing scam iis all that remains.
There are so many country’s using the U.S. dollar still. It’s not like the US is and island. The further reaching the currency the most capacity and staying power it will have. It’s not going anywhere to soon. If one was to listen to the gold charlatons the last decade it would be at near worthless. They have been completely out to lunch. Hyperinflation is foolish talk. No senior currency has ever done that.
Bill, why are you fixated on hyperinflation? Despite the dollar’s current bout of strength, it has still lost substantial purchasing power over the last 15 years. Since becoming pure fiat over 40 years ago, it has lost a massive 80-90% of its purchasing power.
It’s going to get much worse before it gets much better even if we don’t technically get hyperinflation.
Bill………HOW can gold be $35 dollars in 1971………and be $1200 today?
The Week The Fed Loses “Patience” ???
From A.MacLeod:
<Quick recap–We have a new gold fix, London is closing the gold fix on March 20, 2015, HSBC has closed 7 retail gold vaults and China has billboards in Bangkok announcing the RMB as the world currency!
This should be more than enough for any one person to digest, but we decided to dive deeper and take a look at the Shanghai Cooperation Organization
and what role it will be playing in the very near future.
With approximately 50% of the world's population, over 60% of the world's natural resources—including most of the world's gold—what impact will this
have on the remainder of the 21st century in the Western world?
That is the $18trillion dollars in debt question!
The Western – Anglo world is debt soaked. The global economy is slowing to a crawl. China, Russia the other members of the SCO are only interested in one thing – conducting business and generating more business for their countries.
The only thing the Western world seems to be interested in is war.
Most junior resource investors don’t know they’re speculating… Rick Rule nails it:
http://www.smallcappower.com/investing-123/videos/expert-interview-rick-rule-03-03-2015
On March 15, 2015 at 10:24 pm,
Lawrence says:
You seems always rely on others
Reply to this comment
I see
Almost every manager on earth crash and burn the last 10 years. This isn’t advice on this chat site it’s an opinion.
I’ll tell you this, you guys can spew all the data you want and you won’t make any money. Do you put 250 mil to wrlork and make any money in these markets?!
I mentioned this before. I use to be on a one to one with Sprott and then he went off his nut. I use to respect a number of good analysts. I could spend 7 days a week sifting throught data and it can lead to nothing. Markets can move inversely to market data sometimes. So I’ve learned not to waist a million hrs a year and spend more time doing what I think is relavent. What I would hope people would learn here is there are so many talking heads so full of shit sticking their finger in the air making calls and the poor little guy comes alone buys into their doom and gloom pumping and bam! I know a pile of people that bought A pile silver at the top. Some came to me a said maybe I should buy now because the finacial systems going to implode. While I sold 3000 oz physical to J&M coin at the time. I’ll stick to a couple people that got it right the last 15 years. Did you? I hardly have to WAIST any time on this and I can invest large with piece of mind. If you think you are some analyst with a fantastic ability to invest you sure as hell would be here 24/7. I’ve avoided many blow outs…That’s the key to survival. There’s a couple people here with some good knowledge that’s why I read occasionally…To think one person can navigate the market making good money over long periods of time is foolhardy..again I saw a ton of people get screwed on this gold business and it pisses me off because 99% of these gold pumpers were out to lunch.
The key to investing is not making big gains it avoiding big losses. Sprott lost 75% of his Hedge fund. All profits from a decade GONE. I sold out near the top…
Bill do you call 3000 oz BIG TIME………..?
Bill,
With all due respect you just can’t show up on a website yourself and proclaim to be the goddess of investments. That you got out at the top and got in at the bottom yada yada yada. I mean cmon, how many times have I heard that from gurus? Im not saying with 100% certainty you did not fair well, im just saying it’s tuff to believe anyone on a website proclaiming victory.
Where were you in 2008-2011? Where you here telling is about this story? I sure as heck was not here so I could not validate it. Maybe to save face you can comment on at least one of “Your Proclaimed Gurus” who has had it right for 15 years? I think doing that would lend more credence to your claims and make it more plausible.
No harm behind my message just that put yourself in everyone’s shoes.
No, he was not here until probably 2014 and no earlier than 2013.
I do not remember him at ALL………and I guarantee I have been here since 06….
Thanks Matt and J that is what I thought. By the way who has been here the longest? top 5 please 🙂
Top three is probably me, J, and SD Marc.
Al got here shortly thereafter. 😉
Thanks Matt good to know…
Ive been reading this site since day one. What 8-10? Lost track…..Never had much time back then. Its gotten far more interesting because I don’t see too many people getting it right consistently anywhere….Just a lot of guessing….Its tough as hell these days. 2009 ish I was owning Richfield Ventures, Great Panther and they were going up 100s of %…Bought Richfield @ .60 sold at $9. $250k in a trade…Then the crowd came in and it was over…Commodities are done I believe for a long while….
Seriously Luck to all…
Come on……….are you sure, …I THINK you could not have helped yourself, and posted at least one time…….to show us how much you made…….lol….
8 to 10 years of silence……..I do not think so………………….lol
No I post a couple way back….Dynamics have change but most think their the same…..Its more fun now because people cant change their tune. Same poop different day…HEAVEYHITTER will be screaming the sky is going to fall forever…Remember Hail Bopp comet? There lots of stuff to worry about but we are muddling through..
Bill should not be so complacent and his world ends if anything bad happens.
Bill just can’t rationalize anything. With the media and only listens to the world.
Any other information and facts are irrelevant.
Bill is suffering from a syndrome called …TAMAGUCHI. HA…HAAAAAAAAAA
BB you another one….dumbed down ….TAMAGUCHI’S CLUB for Bill and BB.
CAN’T GET OUT OF THEIR OWN WAY !!!!!! HA. HAAAAAAAAAAAA
Funny guys…. LOL..LOL..LOL..LOL. keeps me laughin all this ignorance
Do you have a home paid for with backup everything? Heat, Hydro, cooking food..What the hell else are you going to do…People glued to the BS media…..as you were….
Hey HEAVY can you fix your own fridge, plumbing, solar system or car? Whos prepared and whos not? Do you have enough capital for 20 years?
We know who’s funny here…..
HA….Mr. Bill.
You will never survive without God as a priority in your life.
The foolish ways of man. Hope you have the priorities in order.
Remember who are creator is and savior. Not going to survive
without him.
oh oh….
Oh oh…is right. : )
My Wifes Phillippino ever been there? We don’t go to church or listen to preaching…The temple is within.
Sounds great Bill. Many in church who don’t know our
Lord God. Have a very good friend who’s wife is Phillippino
and he’s very happy. She’s a very strong Catholic that has
a relationship with God.
Its all about a relationship with God. He’s the only one that
saves in the end. There is an eternity. Could be beautiful
or severe suffering. God Bless you Bill. You must have a
good wife too. My buddy is extremely happy. : )
HH I echo this post of yours! God bless as well.
Thank you Glen…I never get to tell you but you
bring a lot of value into this site and much respect.
Your Contribution is a great asset here. Glad I had
this opportunity to tell you.
God Bless You And Peace Always !!!!! : )
glad to see the post of glenfidish………j
On March 16, 2015 at 10:08 am,
J……..THE LONG…………..OOTB says:
Bill do you call 3000 oz BIG TIME…
……..? Better late ten never.
No I didnt. That’s what I had in the garage at the time.
Mathew
I’m fixaded on Hyperinflation!? How so. Never believed it could happen. Not here.
That was a sales scam. The fact is no paper currency is a store of value over the long term and just because the dollar has less purchase power over time means nothing if you own services that are in demand. All my prices went up accordingly.
BILL……YOU need to watch your spelling or Bird will be on you like ……well, you know.
btw………thanks for the reply…………..cheers……………….j
Off Topic:
I have been discussing the possible exit of Greece from the Euro with a Knowledgeable person about the European Union. He told me something which I do not believe most people realize. Greece cannot be unilaterally ejected from the EU.
The Lisbon Treaty requires that the EU and Greece BOTH agree to Greece’s exit.
This gives Greece much more bargaining power than I realized hitherto.