Election and Commodities

June 11, 2016

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Here is the GDX chart discussed by Dana Lyons in segment 2.

GDX-June 2016

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    Jun 11, 2016 11:03 AM

    I’m going to beat Skeeta to it this time – thanks so very much guys!!

      Jun 11, 2016 11:40 AM
      Jun 11, 2016 11:18 AM

      Lol… only beat me to it Andrew because I got held up cooking dinner tonight 🙂
      But yes, thanks as always for the show fella’s!
      Much appreciated.

      Jun 11, 2016 11:27 AM

      missing the headliner’s photo! I hope you are doing something relaxing and all is well, Al.

    Jun 11, 2016 11:32 AM

    Doc, Chris and Cory all have good information to help out the investor

      Jun 11, 2016 11:18 AM

      Doc saying “gold needs more more dip”. It’s always ONE MORE lower low, or dip, or crash, before gold becomes “ready” to go up. I can’t stand it! Gold is not just the anti-dollar, it’s the anti-government statement, and the US/UK/TPTB still have too much brainwashed public & crony leaders believing in the USD and Treasury bills. Does the world really expect the Fed, President of the US, central banks, et al to keep things going as they are?

        Jun 11, 2016 11:48 PM

        “Doc saying “gold needs more more dip”. It’s always ONE MORE lower low, or dip, or crash, before gold becomes “ready” to go up. I can’t stand it!”

        When you’ve been reading the charts a long time you’ll know it could go down before it goes up. Or it could go up before it goes down. If it goes up be careful about buying because it might go down. But if it goes down it might be an idea to buy in case it goes up again. Next month is going to be interesting but remember the charts can change in a day. That’s why people had better be very careful.

    Jun 11, 2016 11:40 AM

    Enjoyed the market wrap between Doc and Chris – interesting thoughts on the divergence between gold and gold miners.

    Jun 11, 2016 11:44 AM
      Jun 11, 2016 11:05 AM

      CFS Everyone on this form SHOULD hear this. A

      Jun 11, 2016 11:06 PM

      There was a rule change on the 1st of June that says if you are single and capable of working, no snap. It’s not a conspiracy, just a bunch of lazy sods who believe they are owed a living.

        Jun 11, 2016 11:18 PM

        I am an illegal and rightfully due all entitlements
        including social security before retirement age
        free housing and free health care.

        Those are my rights !

        Or else !!!!

    Jun 11, 2016 11:50 AM

    Re Seg: 1 From what I understand of the Clinton nomination she shouldn’t even be there, given her past infamy. Talk about the Borgias! OK, being like the rest of us most politicians have skeletons or worse in their cupboard. But Hillary has to be in a league apart, making naughty Nixon look almost innocent by comparison. As for your mainstream media, according to Greg Hunter she goes on receiving plaudits (or at least a minimum of criticism) while Trump remains the big bad wolf. Yet for all his faults Trump is at least a red-blooded patriot..
    So boy, are the globalists shameless! All we can says is thank God for social media.
    Here with the Brexit vote 12 days away the remainers or should we call them the Bilderbergers aren’t having things run as smoothly as Mr Cameron and his fellow conspirators would have hoped. To argue that GB would be crippled economically is now being countered by such business big hittters as James Bamford of JCB and James Dyson of Dysons arguing we’d be better off outside the EU. And then we have the migrant factor (hitherto the Brexiteers’ strongest card, with illegals washing up south from Kent further north up the North Sea.

    But to play devil’s advocate for a moment, were Clinton to win then with your economy imploding it would be the ‘criminal crony class'(again as Hunter calls them) being made answerable rather than Trump. Likewise were Cameron to ‘win’ we would reap the whirlwind of an imploding Europe, under his watch rather than having the blame laid on the Brexiteers.
    Either way we should be at peace for as Hunter always reminds his listeners: Fear not God the Father is in charge!

      Jun 11, 2016 11:32 AM

      The LEFT-Leaning US press WILL/IS destroying democracy.
      No, It has destroyed democracy, and will destroy the economy.

      But European socialism is trying hard to destroy the economy of Europe or make it a third world economy…….and the Germans are silent!

      Jun 11, 2016 11:11 AM

      Interesting that a fear monger like Hunter would make that statement. Even his fans are commenting on the quality of his guests…you notice that all of the credible guests , ie armstrong no longer will interview with him. Nothing more that king on steroids there.

        Jun 11, 2016 11:26 AM

        “Fear monger” Greg Hunter? I would much rather trust someone who tells everyone to become more self-sufficient, get your money out of the banks, learn how to live off-grid, prepare for armed robbers, etc, than someone who tells us everything is fine, it’s just a bump in the road, put all your money in the S&P500, max out your 401(k) and IRA, buy the latest car every other year, keep voting your incumbent back into office, etc. And I’m never going to call out Greg Hunter for picking stories right off of the front page of USA Today and tearing them apart with evidence to the contrary.

        My only complaint is that most alt media people keep trying to teach the first-time viewers, rather than realize more and more of their audience is of an advanced level. Most, if not all, do not make the distinction.

          Jun 11, 2016 11:12 AM

          Bobby, jh – yes I too have had my run-ins with Greg H, whilst ignoring some of his guests outright. That said I respect him and his weekly wraps-up ooint to some irrefutable truths especially in regard to MSM.

            Jun 11, 2016 11:58 AM

            Whatever do you mean ?

            Greg Hunters guests predicted everything perfectly.

            You missed $200 silver and $10,000 gold. Next time
            be more attentive and astute. Thats over now. Lost

            I like Greg and people need to use their own discretion
            with any information they receive with any sources.

            We do have a very serious life threatening crisis coming
            and no one knows how it will play out exactly.

            My opinion only and I have been more right, than not. The
            coming collapse coupled with a major war will cripple society.

            Its all unfolding under everyones own watch. Greg is only trying
            to help point out possibilities. By the way, no one is perfect.

            Jun 11, 2016 11:25 AM

            Also, with the future of a catastrophe that is sure to come
            nothing is going to overcome the severe human pain and
            suffering. The event will be cataclysmic in nature.

            Like telling a billionaire who’s laying in the hospital bed and
            taking his last bresths that he or she will live because they
            have lots of wealth, big bank accounts, vast treasures of
            precious metals and he will live.

            No one will be immune to the treacherous, highly dangerous
            and fatal perils we now face.

            Jun 11, 2016 11:50 AM

            Ironically, most if not all of society who is planning to survive
            an economic collapse is not educated on the subject. This one
            will be severe and those who are planning to survive hiding
            behind walls of protection, weapons and precious metals will
            be the first to be slaughtered by ruthless killer gangs that form
            within weeks of the collapse. Go study the subject and the gangs
            torture and kill anyone who has anything of value.

            The best chance of survival of those who pretended to be homeless
            and poor. The bottomline, staying in the house will only be a magnet
            for killers and rapists on the loose. Gangs of men of 100 or more just
            killing and pillaging homes and property.

            You can’t listen to precious metal promoters. Mostly everything you
            learn from them is totally inaccurate.

      Jun 11, 2016 11:45 AM

      So boy, are the globalists shameless! All we can says is thank God for social media.

      Archdeacon, Google may be in on the manipulation of search results to help with the election…….

        Jun 12, 2016 12:30 AM

        Markedfor future: Good point. However if you google in Hillary Clinton indicted it provides enough negative material to reveal the reveal the other side!

    Jun 11, 2016 11:28 AM

    Re: Brexit comments… Spain! Sentiment in Spain WILL drive a call for Spanish exit of Euro, regardless of BREXIT outcome of vote.

    The days of the EU are numbered, despite the endless Bureaucratic determination to expand and prolong.

    Greece can be held in by bribes, but Spain and possibly Italy cannot.

    The world economy could oscillate into a mess.

      Jun 11, 2016 11:16 AM

      Regarding BREXIT, what do folks think of potential for gold ETFs, like GEUR (gold in euro) or SGOL (swiss gold)?

        Jun 11, 2016 11:13 AM

        Don’t know although bullion will go up!

          Jun 11, 2016 11:07 PM

          Maybe, could be wishful thinking with the bullion banks standing
          by with Auntie Fed to sell thousands of naked gold contracts
          flooding the paper market.

          All depends on The Elite and their future plans. They control
          the horizontal, the vertical and everything in between.

          They pull the strings and when they pull, its going to hurt badly.

          Another bull trap looks promising with gold bulls yelling from
          roof tops to buy gold. Or you can tune in to KWN like you do and
          always be bullish at all the wrong times.

    Jun 11, 2016 11:37 AM

    For Brits:
    Stefan is always interesting in his interviews:

    Jun 11, 2016 11:50 AM

    Yes to all of the above.

    Jun 11, 2016 11:30 AM

    Just to give folks a further update on Brexit. Headline in today’s Daily Telegrah is No 10 (Downing street) panics as Leave surges.
    And as though by pure coincidence Mr Cameron sees to it that the Queen giving birthday honours today does so to nearly two dozen of the Remain campaigners. But best of all Germany’s finance minister Wolfgang Schauble has ruled out Britain joining the single market in the event of a Brexit. ‘Out is out’ for the UK he declares. Us Brexiteers could kiss you Mr Schauble….on second thoughts maybe not!

    Jun 11, 2016 11:08 AM

    Censorship? Manipulating the News?

    COMMENT: Dear Mr. Armstrong,
    Is there a bug in my computer or has the latest the Nigel Farage video been removed from your blog? I also can’t find the recent more private video on migrant problems in Germany, which was rather shocking for us as the German press is not allowed to automatically report on migrant problems. It’s not a free and independent press anymore.Thank you for your very interesting and excellent blog. Kind regards, ml

    REPLY: The videos are still there on my end. It appears that perhaps someone in Germany is blocking those videos. Very curious.

    Jun 11, 2016 11:35 AM

    BREXIT and stock market … some have advised getting out (and report of smart money exiting persist over at Zero Hedge). In addition to looking at gold ETFs, GEUR and SGOL, I am considering hedging with something like HDGE, instead of getting out of the market.

    Any thoughts? (on either HDGE, or as I asked above, about GEUR and SGOL)

    Jun 11, 2016 11:58 AM

    I find it ironic how easily the oil price mania and total wipeout was easily brushed aside once prices rallied some. You couldn’t get a barrel of oil unless you were warring brown babies for a drop of it. Now there’s a spectacular glut, and nobody is the wiser on how much purchasing power has been lost in the currency.

      Jun 11, 2016 11:41 AM

      Fransix, this 43-101 came out yesterday. Those Golden Band Satellite views you posted told another story. Masuparia Files National Instrument 43-101 Technical Report and Resource Update on Greywacke Lake Project

        Jun 11, 2016 11:50 AM

        I saw those numbers, but they would not pertain to GBN.H’s production numbers during the 2010 – 2015 period. The gold they drew out of the EP Mine was a high grade ‘pay streak’ and meant to fulfill the requirement of providing the Sprott Physical precious metal ETF held at the mint. The amount of gold rain was 40 tonnes, approx. 1.28 million ounces over two years, and will prove to be the source of recapitalization during the restructuring. If you use Masuparia’s costs, the numbers will be off, using assets listed in the balance sheet 2011 – 2012.

        Compare Bing Maps with the latest SAT photo of the EP Mine/Komis site

        Bing Maps 2013

          Jun 11, 2016 11:53 AM

          The concentrating mill is gone in the Spring 2016 update from Terraserver, though the mine portal is still there at the EP Mine site. The massive waste rock stock pile has been depleted:

    Jun 11, 2016 11:30 AM

    Please ask your guests to not use a speaker phone (e.g. Dana). Very annoying to hear echo chamber effect and rude IMO.

    Jun 11, 2016 11:48 AM

    I like that GDX chart. Deflationary bust is not off the table.

    I bought some DUST to hedge my physical silver position.

    Jun 11, 2016 11:33 AM

    I believe that Americans like Canadians are becoming sick and tired of the whole European mess. They want to be done with it, let The Europeans handle Italy, Greece, and now The UK. Instead of internationalism we should be retreating and minding our own fences. Trump is signaling that he is more concerned with national independence and security. America should not have their politics distracted and embittered by the dissensions of other lands. We should not meddle and muddle with the quarrels which afflicts the world. IMHO! DT

    Jun 11, 2016 11:54 AM

    Dick Tracy, the reason that Canada and the US are so involved with Europe is because the US has been pushing the for the EU from the beginning. This has been part and parcel of the One Worlders and the NWO from the beginning. This is the attempt from the West and the US Neocons to reshape the world in order to bring to gether the largest conglomeration of countries possible inoder to for the NWO with the US as its lead country. What China and Russia are doing is to form a block of countries in the East that will have its own group of like minded states without having to be part of the West and its dollar denominated economy. The attempt by Russia and China is to put forward as strong of a offensive posture in order to stop the West from forcing them to become part of the NWO ! That’s where we find ourselves today. For goood or for bad.

      Jun 11, 2016 11:02 PM

      Choice is ok with me. Nothing wrong with a little competition.

    Jun 11, 2016 11:06 AM

    Larry, you are right about the US neocons but remember Germany is a very warlike country and they are drawing us back into their field of influence. As if World War I and II wasn’t enough now we are seeing economic policies of The German government influencing our destiny once again. Our strength, vigor and prosperity as a nation will be lost if we allow ourselves to be embroiled by European problems. DT

      Jun 11, 2016 11:12 PM

      “… you are right about the US neocons but remember Germany is a very warlike country …”

      But so is the US. And so is the UK but none of us like to think it of ourselves. We re-imagine our armed forces as bringing peace to troubled areas. Or dress it up as fighting for freedom. But freedom is for everybody not just Americans. It’s not as simple as good guys against bad guys and us solving other people’s problems.

        Jun 11, 2016 11:38 PM

        That article a few weeks ago. The one with the young man with his limbs blown off. It made me want to cry. But the comment that introduced it made it worse. About it being the price of freedom. Suggested it was a price worth paying. As long as it’s somebody else’s kid. And bad guys’ kids don’t count.

    Jun 11, 2016 11:02 AM

    With all due respect, I think Chris sounds like an out of touch fuddy duddy 🙂 saying younger people are not going to be as interested in precious metals as older people.

    I think that cohort (young people interested in PMs) is growing rapidly. Just look at the legitimate podcasts and channels on YouTube….many younger people publishing content and listening to it.

    Money is money and the truth will out. I won’t sell younger people short. Many have been misled by the “system”, but they aren’t dumb and I think they’re catching on very quickly.

      Jun 11, 2016 11:10 PM

      I don’t know Jay. For now Chris is right. You had to be around to see the mania in the 70’s and 80’s to appreciate how much has changed. Gold is strictly fringe territory at the moment and there is very little memory of when precious metals were actual money. When we look 40 years back there were still plenty of people alive who recalled the confiscation of 33 , knew the details of the Weimar Republic firsthand and were still resentful that it had been illegal to buy or sell gold in the US since before the war. There was still a living memory for a lot of folks at that time whereas now its like telling bedtime stories to younger people who pretty much don’t care and seem to value Bitcoin equally to precious metals.

        Jun 11, 2016 11:28 PM

        I’m old enough to remember the mania in the 70s and 80s and definitely see how much it has changed. I remember collecting glass pop bottles, turning them in and taking the cash to the bank to buy rolls of dimes, quarters and halves looking for 90%

        My point is twofold….I generally think the storyline (in general, not a Chris or anyone else-specific point here) that younger generations are lazy, clueless, etc. is bunk. Of course there is a learning curve in life, but I have more faith in younger generations than conventional wisdom I think.

        Second, I think there is a LOT more awareness among younger people about precious metals than is recognized here. Just look at a lot of alt economics podcasts and similar channels on YouTube. Also, the “tiny house” and “maker/ handmade” movements are loaded with young people and I think many of them are much more tuned in to what’s going on that usually given credit for.

        To Doc’s point, it takes some major event or another person raising awareness to trigger younger (or older people) to consider PMs and economic reality, but I think events of the last few years have set that off.

        Just my $.02

          Jun 11, 2016 11:42 PM

          Well sure I would agree with you there. A lot of younger people are looking at alternative lifestyles, small houses, survivalist stuff and the like. But are those shows really all that popular compared to everything else or are they still kind of off the beaten path kinds of shows? The other thing is that we know the vast majority of financial assets (of which gold is just one) are held by Boomers and older people. Most of the guys on this site are in their 60’s or upwards. For a very popular hard assets investment blog I think the demographic profile is still skewed to the high age groups and is not really attracting a youthful audience but only Cory could tell us that for certain.

            Jun 11, 2016 11:45 PM

            Cory needs to do some recruiting on social media then! 🙂

            I’m just over 50, so sort of a tweener between the mindsets I guess.

            Jun 11, 2016 11:07 PM

            True enough Jay. If the site is going to excite younger people it probably needs more bells and whistles and other distracting stuff like that offered on the more popular blogs. Like flashing lights, more visual material plus video, live events, quizzes, games and engaging poll questions. This is a pretty bare bones place. If Franky had not kept putting up all those Catholic items from Youtube we might still have the visual graphics that used to be part of the blog.

            Jun 11, 2016 11:47 PM

            Good point. What we have now is Happy Face F.. and
            caps – the large bullet points I seldom nail to the board
            in here ●●● & ★★★★★few stars to rate my post.

          Jun 11, 2016 11:51 PM

          Jay, I have precisely said that younger people are waking up and generally are more savvy than their grandparents/parents. What I DID point out is that their first “refuge” is not necessarily gold, though many are indeed interested (in fact, James Turk told me a while back that they had an impressive number of twenty-somethings interested in their Gold Money/Bitgold platform. These are people who have never been in gold before.

          The younger people are not beholden to past regimens; so they want what WORKS to bring about monetary justice. Gold is not a “cross” that people should be sacrifice don if a different, HONEST regimen would benefit people more broadly…just like William Jennings Bryan famously said over a century ago.

    Jun 11, 2016 11:36 AM

    Thank you for this report. I listen as often as I can and find that it is the most straight forward and honest program on economics and especially precious metals. No spin makes this report so valuable.

    Jun 11, 2016 11:55 AM

    Jay, once the PMs take off again in price, the younger generation will never forget and will understand the importance of “sound money” for the rest of their lives. I can remember the huge run in the 1970’s and that experience forced me to study the importance of PMs going back years and allowing me to position myself for the run that began in the late 90’s.

      Jun 11, 2016 11:26 PM

      Good point. I agree Doc.

      Jun 11, 2016 11:44 PM

      Yup, that’ll teach em Doc.

      Ouch….I think I twisted my artificial knee!

      Damn those kids.

    Jun 11, 2016 11:35 PM

    Some of those comments by Temple were FLAT OUT professionally IRRESPONSIBLE….which ones..??? common you can figure that out!!

      Jun 11, 2016 11:52 PM

      Temple has been right about a lot of
      future market movements over the years
      and to come out to criticize is almost

      He was never parading gold investments
      over the years leading investors into major
      financial losses. His investment advise has
      been sound and acting responsibly.

      No one is perfect but he’s not missing the
      mark by long shots either. Many have and
      those investors are still suffering very deep
      losses. Most will never recover.

      Jun 11, 2016 11:31 PM

      Well you had me pretty interested by that comment SD. So I went and checked it out. Sorry to say I completely agree with Chris. Gold has never lived up to its billing (as described breathlessly by the Gold-bugs), in decades. It has however had some pretty good booms and busts along the way that were terrific speculative opportunities but as a store of wealth that might show the Federal Reserve up as the Emperor with no clothes……meh. It is highly over-rated and almost always over hyped. Paper trading it is the only way to go whether with stocks, options or ETF’s. But to actually buy coins and bars to hold? Just a big waste of time and money as far as I can tell.

    Jun 11, 2016 11:35 PM

    You can START with the one Jay mentioned in his above comment.

      Jun 11, 2016 11:00 PM

      You want to learn more and the madmen who are
      viciously trying to destroy society click on the video.

      Get educated !!!!

      Right Now

      Never mind the very beginning of the video. Lasts a few

      Stay tuned in, listen and learn. Open your eyes.

        Jun 11, 2016 11:17 PM

        TJ and BM…STILL stuck in 1970 80s and 90s huh?? Russian China just love taking those good as gold treasuries…..u guys are pathetically delusional…just my 2 cents worth or sorry……one ounce of gold worth..:)))

          Jun 11, 2016 11:31 PM

          How long have we been hearing that noise ?

          Click on the video and listen good.

            Jun 11, 2016 11:24 PM

            Marc, we are in a new paradigm where anything goes.

            Predictions are like opinions right now, everybody has
            one. When this world goes into convulsions and it will,
            precious metals will most likely be the last thing on
            peoples minds.

            This road is literally paved to hades. Any kind of wealth
            is not going to be the holy grail. The tables will be tipped
            upside down and that includes all asset classes. IMHO

    Jun 11, 2016 11:17 PM

    Most silver miners and the senior gold miners closed the week above their 200 week simple and exponential moving averages. They are giving us a glimpse of what we can expect from silver and gold bullion and the junior gold miners.

    Jun 11, 2016 11:56 PM

    Corey, when are you all gonna interview a rep from Robinhood? No commission fees. Next day access to your cash from trades and transfers. If I had been using Robinhood 6 months ago I would be in the black instead of red. Scottrade has eaten up $1050 in commission fees on me this year. Thanks in advance.

        Jun 11, 2016 11:34 PM

        …For U.S. residents only.

        Jun 11, 2016 11:53 PM

        I have been trading with Robonhood for a few months. I have not been charged any fees for buying or selling stocks. No fees on cash transfers in our out. Don’t see what the problem is.

          Jun 11, 2016 11:58 PM

          You must not be trading Canadian listings.

      Jun 11, 2016 11:42 PM


      Who exactly are you talking about. Robinhood?

      If you are referring to some kind of a brokerage with no commission fees. Next day access to your cash from trades and transfers.

      I’m afraid someone may have told you a whopper or are trying to sell you beach front property in the desert?

        Jun 11, 2016 11:34 PM

        Its been awhile for me, but if I recall, I have no problem with cash fom my broker the day after selling.
        TD waterhouse

          Jun 11, 2016 11:51 PM

          That’s in Canada. In the US there is a holding period of 2-3 days after a market sale for those funds to become available again for trading. Some kind of obscure Treasury department regulation.

          Have no idea how these guys could broach that type of regulation unless we’re talking about some type of margin account. I don’t use margin of any kind so I have no idea if that may be the reason.

    Jun 11, 2016 11:03 PM

    Segment 8:

    I agree with you on those comments Doc (that gold stocks will follow the market down). Its something I have been looking forward too actually and was not surprised by Fridays action when the miners fell even as gold rose. The thing is that if there is a sharp selloff of equities its the profit centers guys will want to unload to avoid losing their gains year to date. Not to mention there is still a lot of distrust about gold in general. I suspect a lot of guys have tight stops under their miners “just in case” the worst happens and gold gaps down 50 bucks overnight or something unexpected like that. What was notable to me on Friday was the GDX and GDXJ were actually falling deeper in the red than the indices themselves so that’s a warning that a real market correction could turn the gold stock sector bloody very fast.

    Jun 11, 2016 11:29 PM

    Yeup, I agree Bird. The conventional markets should bring the mining stocks with them, and then coincided with a gold drop ( the final washout ) which makes this fall a nice buying opportunity. From a cycles standpoint, it looks like gold has another four months or so to drop. This should be the last IC lower low, this fall. ( September )

      Jun 11, 2016 11:40 PM

      Agree. No problem at all with gold dropping all the way back to December 2015 lows with 7 months remaining in the year. There are several instances of gold dropping like that if you check a weekly chart. Right now the gold chart this year just looks like some kind of weird mossy overgrowth with no real support under it. The thing is just begging to decline under its own weight.

    Jun 11, 2016 11:07 PM

    A further important argument posed by Lord Monkton for getting the hell out of Europe. Scroll down to Lord Monkton.

      Jun 11, 2016 11:35 PM

      Andrew…Have you seen the video at the bottom of this article, I would advise everyone to spend 19 minutes of their time watching it.

        Jun 11, 2016 11:00 PM

        The West with all their reckless destructive policies
        and gargantuan monumental debt have created a
        wrecking ball that is aimed at us, the people/citizens.

        Ready to self destruct and The East will take advantage
        of it. Instead of annihilation they may just invade and
        take over. Enslaving The West and every citizen.

        Pick your poison !!!!

        Jun 12, 2016 12:06 AM

        Yep seen it already Tony. Marc Faber + Paul Watson = formidable. + Christopher Monckton = End of argument. Best, A

    Jun 11, 2016 11:41 PM

    Different Topic (from weekend show)

    Al/ Cory, it would be great if you could interview some folks about the implications for precious metals (sure everything else, but especially PMs) if China were to devalue the Yuan suddenly, but a large amount (e.g. 20%).

    Things seem pretty quiet over there, but IMO something is brewing because they are in big trouble if they can’t reignite exports.

    At first glance a big Yuan deval seems very bearish for gold (dollar bullish), but given the instability it would create (just think how the ECB and Fed would react), it might be hugely bullish for the gold safe haven trade, as well as gold currency hedge trade (Fed/ ECB are unlikely to allow such a big Euro and dollar appreciation).

    Would be great to hear some experts think through the implications of this (probably likely at some point) earthquake.

      Jun 11, 2016 11:10 PM

      No, because the Yuan is not a world reference currency. I think the PBOPC will lose control of the Yuan fix.

    Jun 11, 2016 11:39 PM

    I’ve had it with this site.

    I’m sorry about Al’s wife but just because he goes to church it doesn’t mean God is an American. Your freedom isn’t going to taken away from you by bad guys like the North Koreans in Olympus has fallen unless you stick it to the rest of the world first. People in the UK don’t have to vote to stay in EU for your convenience. And doc’s contributions are so much waffle as to make the daily wrap not worth listening to and make KER a laughing stock.

    I’m sorry to be blunt and I really, really hope Al’s wife gets better but it’s time to call it a day on this. Herbert Howells over and out.

    Jun 11, 2016 11:17 PM

    Don’t let the door hit your ass when you leave

    Jun 11, 2016 11:43 PM

    Great how all the men on here hate the democratic nominee with such passion.

    Jun 11, 2016 11:43 PM

    Especially liked Rubino. Whenever man erects a monument to himself, God brings him down and humbles him. Global situation today reminds me of the Genesis account of the Tower of Bubble.

      Jun 11, 2016 11:51 PM

      Wayne, interesting comment. Man over the centuries at his point in time thinks he has evolved into a creature smarter and more relevant then previous generations. Man certainly has advanced technologically and in other ways but his morals are no better then any generation before. Just when he thinks he has the world by the tail, God has a way of bringing him back to reality with a 2X4 across his kisser. We’re about to see that happen again in the not distant future.

        Jun 11, 2016 11:14 PM

        That’s a good one. Couldn’t be closer to the truth.

        Great commentary and a dash of humor too.

        Actually, what’s coming is to be considered. ..


        The world is in serious trouble. People are blinded
        by their transgressions and iniquities.

        Jun 12, 2016 12:25 PM

        Doc –
        You nailed it………again!!

    Jun 11, 2016 11:19 PM

    And that space between your ears is all fear, TJ..

      Jun 11, 2016 11:37 PM

      No Chartster, all that air between yours isn’t doing
      you any good.

      The truth saves lives. Remember that boy !!!

      Only an adolescent would ignore perils and danger ahead.

      You have much to learn buddy !!!!

        Jun 11, 2016 11:54 PM

        Uh huh.. As do you..

          Jun 11, 2016 11:03 PM

          Well …good !!! & quit hangin on me now
          would you please.

    Jun 11, 2016 11:29 PM

    The other day RT reported a human species 700 thousand years old

    700,000-yr-old ‘hobbit’ fossils found on Indonesian island (PHOTOS …

    I guess we have had 5 mass extintions and definately more civilizations come and gone than we even have a clue about.
    I guess we are in the process of a mass extintions now.
    When we do go, it will only take 300 years before there will be hardly a trace left of us, all remaining will be mt rushmore, pyrimids and the great wall.

    A few bone fragments as the “hobbits” giants and other species left us.

    Our civilization and history is just another one, probobly no more or less “special” than all those before it, and since so many civilizations have come and gone before ours, we are most likely not the last one either.

    Jun 11, 2016 11:49 PM

    Excluding Canadians I can not believe that all you pro traders on here have not heard of no commissions Robinhood with next day access to your trading money. They are getting around the “free ride” rule some how. I guess they issued me a margin account without margin. If I buy XYZ on Monday and sell it on Tuesday I have to wait 3 days for the funds to clear in order to buy XYZ again. With “Robinhood instant” I can buy or sell XYZ every day without the wait. Maybe I am explaining it wrong. Google Robinhood trading app.

      Jun 11, 2016 11:02 PM

      Funds are available same day except on stocks valued below $3 or leveraged ETFs. I pretty much just trade 3x ETFs. So next day access for me.

    Jun 11, 2016 11:53 PM

    Turd & Andy on with Max & Stacy

    Early last week, I had the honor to join Max and Stacy for a taping of The Max Keiser Show. Along with my friend Andrew Maguire, we had a sort of panel discussion of gold and the global gold market.

      Jun 12, 2016 12:55 AM

      Interesting debate – yes you would feel honoured to be with Max and Stacy: 2 unbelievably switched on people. So are you Craig in another life? Bleeping out your other name is understandable. lol! Here in the UK Turd is as bad as calling someone sh.t or so they were doing you a favour!! For myself I find the name Turd quite endearing!

    Jun 11, 2016 11:07 PM

    Segment 3…….So if I understood the drift, Valentin Schmid is saying that Bitcoin could well turn into the next financial bubble now that Chinese investors (er gamblers) have put their focus on it and have dominated 90% of its activity.

    If only it was simpler to participate in. Bitcoin has got to be one of the most complicated forms of money around. How does one just buy a few hundred coins with ease to catch this new bubble wave that’s coming?

    Sorry to sound Neanderthal….but I must be low tech because whenever I start reading about mining Bitcoins or trading the stuff my head just swims.

      Jun 11, 2016 11:33 PM

      Chinese has experienced hyperinflation and people believe money will devalue, unlike people here believe in deflation. I receive jokes once a while to laugh about inflation which are quite funny.

      Jun 12, 2016 12:00 AM

      So Im not the only one.

      When Keiser was pumping btc at $2 I thought about it, I found it too difficult, I couldnt figure out the “mining” etc.
      Never said I was a genius, lol.

      Jun 12, 2016 12:19 AM

      Birdman, I didn’t understand it either.At First.
      I met a twenty something that had already owned a cash for Gold.
      He explained Bitcoin to me,helped me set up an account,and I purchased some Bitcoin.
      At the same time I set up a small portfolio with equal amounts of funds so I could do a comparison of percentage gains of Bitcoin vs the Portfolio.
      I posted this on the K.E Report back before Bitcoin had its first run.
      Two of the companies in that portfolio have been bought out. One was GCU,now FF,the other was RYG, now Osisko mining,formerly Oban.
      The stock portfolio has crushed Bitcoin in percentage gains,which is nice,but not the reason I put this together.
      I to realize my Neanderthal trait,but I try to stay in contact with younger people that have a pulse on technology.
      I posted this because I think Mr. Scmid has seen the forest,but one needs to in the forrest and look at the trees.

        Jun 12, 2016 12:22 AM

        Lets try again.
        One needs to go into the forest and look at the trees.

      Jun 12, 2016 12:52 AM

      You’re not alone Birdman.. mine too!!!

    Jun 12, 2016 12:18 AM

    TLT wound up at new historic highs, meaning gold prices should wind up at new historic highs should the dx bear become meaningful. This is also the reason why gold mining stocks had a small pullback, because equity swaps value gold mining stock in terms of US treasuries prices.

    But the value is clearly in the mining companies, not the bullion, because this is where capital gains can be made. The lower interest rates go, the lower the returns on your investment, so gold price advances are expected to slow significantly.

      Jun 12, 2016 12:45 AM

      Peter Hodson has a specific warning on gold mining stock:

        Jun 12, 2016 12:46 AM

        Some stocks are at their previous highs already:

          Jun 12, 2016 12:27 AM

          What happened is there was too much mining stock being shorted, as long as gold does not go down people will cover to go long. Stock shoot up. What comes next may be that too much have been bought and as long as there is no significant rise in gold, people have to sell their stocks and shares go down. Make sense?

            Jun 12, 2016 12:46 AM

            Most gold stocks were written off and left for dead in 2014, when they actually began to rally. The settlement of shorts was slow and painful because the stocks were so illiquid. I think Hodson is right that there’s a panic into the shares because money managers need to fill out their quarterly requirements.

            I just wonder what will occur if there’s a major gold discovery.

            Jun 12, 2016 12:53 AM

            Like Bre-X?

            I do think mining stocks are way ahead of gold at this point. Their prices is validated only if gold starts a new bull market. Otherwise they will be killed again. This is like 2002 2003.let’s see.

            Jun 12, 2016 12:05 AM

            If money managers are so stupid, why do we want them to manage money? Just a thought.

            Jun 12, 2016 12:35 AM

            I’m thinking that gold stocks mostly lag the gold price save a few market darlings. I’m wondering whether people are more anxious to make the trade, as Corey pointed out.

            Inverse correlation is almost at an extreme, meaning a sell point, but gold stocks have fallen so far, that they have a lot of work to do to catch up.


            Jun 12, 2016 12:44 AM

            Is it possible that gold has bottomed so stocks lead gold in a significant fashion? There was no where to fall at the end of last year if gold does not go to 800. A lot of the stocks are virtually 0 compared to their old values. I don’t see a 95% wipeout any different than 100% wipe out.

            Jun 12, 2016 12:59 AM

            The bigger wipeout was in DUST and JDST, which fell after the reverse split and continued to fall. This is the reverse of the expectation that gold stocks are a wipeout investment. The short sell is a wipeout investment.

    Jun 12, 2016 12:22 AM

    You can’t control your country if you can’t control your borders, the buck passing has to stop at the border. Donald Trump will be announcing his VP soon and it will be someone with similar ideas about border security. DT

      Jun 12, 2016 12:26 AM

      Maybe Sessions?

    Jun 12, 2016 12:28 PM

    Seg. 5
    John pretty much explained why my ASX listed uranium miners haven’t enjoyed the same bounce many on here were talking about last week (as I previously mentioned).
    Thanks for putting it into perspective for me John, much appreciated.

    Jun 12, 2016 12:56 PM

    $1279 gold line in sand

    Jun 12, 2016 12:26 PM

    Orlando Killer Worked For Company Transporting Illegal Immigrants Inside US; Was Interviewed By FBI 3 Times

    In a surprising discovery, the Palm Beach Post first reported that according to state records, Orlando shooter Omar Mateen was employed by the US subsidiary of G4S plc, the world’s largest security company by revenue.

      Jun 12, 2016 12:10 PM

      One more step closer to anarchy. We’re getting there
      and the invasion has already begun.

      Europeans are already there !

      Right Andrew !!! Pull up your big pants buddy !!!

      Jun 12, 2016 12:25 PM

      Doesnt surprise me, a test of the tsa found that 67? weapons got past security in 80? attempts awhile back.

      Security is BS, kinda funny, the people gave up their liberty for security and low and behold they have neither.

        Jun 12, 2016 12:34 PM

        That’s it, you got it, b. Security etc.

        Civilizations come and go. Read your post and
        it’s the undisputed facts.

        Oh, but we have all this wisdom and technology
        nothing can happen. Its going to be those same
        things that hang ourselves with our own rope.

    Jun 12, 2016 12:46 PM

    Then you have “The Andrew Types” that will
    give us optimistic hype, in a world that is in
    a condition beyond sustainability or can at
    least act on legitimate remedies to stop the
    catastrophe that lies ahead. Instead, they do
    the exact opposite and at high RPMs redlining
    the engine until it throws a rod killing all the

    We are ready to self destruct at any moment.

    Jun 12, 2016 12:56 PM

    Right now, I see this whole world melting
    down and a major catastrophic war is also
    in the offering. Its a BUZZ killer !!!!!

    Bottom line : I’m like a race car in the red.

    Pissed off — READY TO BLOW !!!!!!!

    Jun 13, 2016 13:53 AM

    TJ I’m reluctant to engage you further because as I’ve said all along you are FULL of fear: READY TO BLOW says it all. I’ve never preached peace where there is no peace, and I’m as concerned for the world’s future as any thinking person. I do fear for the future of the United States in particular, even as we should all grieve over the perils of Venezuela right now – ABSOLUTELY AWFUL, with plenty more about to come where that came from!
    But I detest fear-mongering which is rampant and unremitting, as though you alone are doing God’s work for Him. There’s not a day passes when I don’t plead with the Almighty for peace and sanity to prevail. That too should be your duty if you profess a living faith in Christ.
    Your fear which takes you to the cusp of insanity is obvious for all to see. Fear becomes your comfort duvet, and it smothers you from demonstrating a living and well balanced faith.
    And by the way as HH you told this forum that you were quitting for good. By returning that tells me you’re not true to your word.

      Jun 13, 2016 13:39 AM

      We shall all go together when we go…

      Jun 13, 2016 13:44 AM

      The West is disintegrating in quick order and you have
      the nerve to say ” its fear mongering “.

      If someone does not sound the alarms, then who is. If
      adults like you want to act like an adolescents and thats
      exactly why this world is in so much trouble.

      Don’t you understand “its you and we the people ” who are
      our assuming our evil corrupt treasonous leaders, who know
      they can get away with what their doing, because citizens are
      going to lay back on their comfy couch and not do anything
      like the lazy citizens we are. THEY KNOW THAT !!!

      YOU — come in here and announce — Its fear mongering !!!

      HOLY SMOKE — Don’t ever question why this is happening.

      Please refrain making any further comments. They are totally
      without merit and your judgment is completely misplaced.

        Jun 13, 2016 13:20 AM

        The above post was for Mr. Dignitary Andrew Hoax Archdea- con man.

    Jun 13, 2016 13:23 AM

    trader jake, or HH, or whoever you are

    you need to take a chill pill

    when you say things like this:

    Its open to debate. You want answers !!!

    You don’t tell me — I TELL YOU !!!!!

    you make me laugh. this must be HH

    if this is you HH are you still all over the board trying to get back to go?

      Jun 13, 2016 13:52 AM

      Anything you say JTL is never to be noteworthy and
      all your rhetoric regarding the gold trade is about as
      confusing as you are over the years.

      Meaningless jargon !!!

    Jun 13, 2016 13:41 AM

    You didn’t answer my question HH. Why did you come back when you said you were leaving for good?

      Jun 13, 2016 13:05 AM

      You – Andrew – please remain quiet.

      You have already done enough damage
      with Mr. Dignitary titles that you claim
      to be true and making yourself out to be
      something that your not.

      STOP !!!! In your own best interest.

    Jun 13, 2016 13:45 AM

    HH came back because he has nowhere else to go.

    He has always been in the wrong side at the wrong side.

    Like I said, always do the opposite of HH.

      Jun 13, 2016 13:55 AM


      That’s couldn’t be further from the truth.

      I warned over a year ago gold was going
      to continue down and mining shares
      would crash.

      HUI was cut in half and many juniors
      went to zero. Delisted.

      So much for more of your rhetoric and
      inaccurate comments.

      You never fail JTL with erroneous false
      information. Thats the horse racing crowd
      for ya. !!!!!

    Jun 13, 2016 13:04 AM

    When you first came on this blog you were shouting from the roof top with all these “gold to the moon” calls.

    You repeated this over and over and fought with anyone who disagrees.

    Your to the moon call blew up and your little kitty was busted.

    Now you just shout calls without any dough to back it up.

    Your busted.

    Go back to Vegas and get your early bird dinners again.

    Free buffet speed

    Leave the big money for the rest of us

      Jun 13, 2016 13:11 AM

      Gold went to 1400. I changed my analyisis in
      December 2014 give or take a month.

      Gold crashed and the mining shares got
      destroyed. Just as I said would happen.

      You on the other hand JTL you claimed gold
      put in its bottom at 1212.

      It continued down and mining shares crashed
      just as I said.

      You bet wrong JTL. Just like your horse racing

    Jun 13, 2016 13:06 AM

    and ps I will not responding to anymore of your comments.

    I have better things to do then to waste my time with a punter like you.

      Jun 13, 2016 13:14 AM

      Well…good, its about time you realize your own
      mistakes and defeat. Resort to name calling just
      makes you that much more guilty and making
      false accusations that is negligence on your
      behalf. Good day !!!

    Jun 13, 2016 13:28 AM

    James you won HH has nowhere else to go. So very sad.

      Jun 13, 2016 13:39 AM

      What are you doing here, then. Mr Dignitary Arch Dea- com man.

      Shouldn’t you be attending to more important matters with your
      congregation you claim to be in charge of.

    Jun 13, 2016 13:26 PM

    Heya Mathew,
    Ive been absent but your calls have been great.
    $1400 avg for gold next year Murenbeeld says. Hes very good.
    Weldon called this selloff bottom and move up to the day recently.
    We are wildly bullish and this bull shook off even the most bullish folk.

      Jun 13, 2016 13:43 PM

      Bill, thanks for sharing those calls. I like Murenbeeld and Weldon but don’t follow either one.

        Jun 13, 2016 13:51 PM

        Weldon is unbelievable….Always looking at the global currencies / markets relationships. This gives the a major bullish back drop for Gold/Silver. Silver over 18 will boom too.
        SELL Europe stocks!! Its a bear there…Rates still dropping in many countries.
        Whats your fav that hasn’t had a big move yet?

          Jun 13, 2016 13:55 PM

          Murenbeeld is very scientific and conservative about Gold…So if hes positive your on the right side I think.

    Jun 13, 2016 13:33 PM

    Once thru 1306 BOOM major rally on. EOS

    Jun 13, 2016 13:09 PM

    What’s most important: Do you have an exit plan going up or waterfalling just in case Da Boyz….