Comments on Gold, Central Banks Policy, and Recapping Our Trip to Rye Patch Gold

June 24, 2017

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This was a very fun week for us as we went down to Reno to visit the Rye Patch Gold projects including the producing Florida Canyon Mine and saw a gold pour. We will post pictures and video taken from the visit this weekend in a stand alone post.

On this weekend’s show we recap the site visit to kick off the second hour. In the first hour we focus a lot on gold as well as how central banks have been the sole driver of the equity markets.

We want to thank everyone for taking time out of their weekend to tune in to the show. We hope everyone has a great weekend! Feel free to contact us at anytime with questions on companies, topics and guests you would like to see on the show. I can be reached at Fleck[at]

  • Segment 1: We kick off the show with Chris Martenson and his #1 concern – Growing tensions between Russia and the US.
  • Segment 2: George Gero, Managing Partner at RBC Wealth Management explains why this is a frustrating market for gold investors.
  • Segment 3: David Erfle: Fed rate hike cycles are historically good for gold.
  • Segment 4: Peter Boockvar, Chief Market Analyst with The Lindsey Group, shares his opinion on how Central Bank policies around the world are changing and the markets don’t seem to care.
  • Segment 5 & 6: We open up KER Politics with Marshall Berol, Rick Ackerman, and Bill Howald recapping our trip to the Rye Patch Gold properties.
  • Segment 7: Big Al talks politics with Daniel McAdams of the Ron Paul Institute for Peace and Prosperity.
  • Segment 8: We wrap up KER Politics with Jim McKinney and Big Al discussing the hole that the Democrats seem to be digging for their party.

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    Jun 24, 2017 24:36 AM

    Thanks as always for the show guys!
    Much appreciated.

      Jun 24, 2017 24:02 AM

      Thank you Skeeta. As always, the pleasure is ours.

    Jun 24, 2017 24:32 AM

    A possible Democratic way forward

    The Importance of Fairness: A New Economic Vision for the Democratic Party

      Jun 24, 2017 24:14 AM

      Thanks AJ. A very interesting commentary. The bottom line, in my opinion, is that we have gone from a country where the people expect too much from government and both sides of the isle are serving the people poorly.

      I also think that there is little incentive to succeed right now.

      Here is where I am coming from: Kathy and I both realized a long time ago that we wanted to improve our lot in life. I went back to grad school at the age of probably 32 and received an MBA; Kathy received her Master’s degree in her late 30’s. I started our business at the age 38. We were upside down financially at the time, but with a lot of long hours and, obviously hard work our material possessions grew and we were part of that segment of the population who spent money on private educations for our girls instead of buying “the big house on the hill” That was a conscious choice on our parts. As I have said many times in the past in this forum that was the best investment we every made in our lives together.

      We had a definite plan that fortunately worked out.

      This article illustrates that many people today seem to be unable to do that. Is that the fault of society (the “haves”; is it the fault of government; or, is it the fault of the “have nots” who simply accept their apparent fate as a given and then lash out at society as did black racist who recently appeared on the news.

      There is a lot of anger out there and it’s been proven time and again that anger never accomplished much of anything.

      In summation, yes we have a huge problem in our society and the only way it will be solved is if society comes together. I was truly hoping that this change of direction would happen under Trump. Now, I am really not sure that it will.

        Jun 24, 2017 24:01 AM

        Trump is making progress but the media likes to report that he can barely put one foot in front of another, this too shall pass and I am seeing signs now that it is the media’s turn to be on the defensive.

      Jun 24, 2017 24:54 AM

      Don’t you think that this should be a new economic vision for both parties?

        Jun 24, 2017 24:28 PM

        You know Al that is a complicated question, we can never relive the past. I am reading that some jobs are returning to The US, I must give Trump some of this credit because he is trying to turn back the clock to a time when the US had economic independence. The home must become a shrine instead of a dormitory, sadly we all realize this. I think our society has seen to much of the technology revolution and the management of a mechanized home no longer supplies humans the need for social awareness. The American home is no longer a shrine and that has me very worried.

    Jun 24, 2017 24:24 AM

    Former Fed Governor: “The Fed Isn’t As Independent As Many Think”

    With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen’s Albert Edwards who wrotes that “Citizens Will Soon Turn Their Rage Towards Central Bankers.”

    And it is not just skeptical pundits, and former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to boost the global economy and control inflation (or the Phillips curve) even if they still have sway over capital markets. What is far more insidious to the Fed’s waning credibility is when former economists affiliated with the Fed start repeating mantras that until recently were only a prominent feature in the so-called fringe media.

    This is what happened last April, when former central bank staffer and Dartmouth College economics professor Andrew Levin, special adviser to then Fed Chairman Ben Bernanke between 2010 to 2012, made the whocking announcement that “A lot of people would be stunned to know” the extent to which the Federal Reserve is privately owned. The Fed “should be a fully public institution just like every other central bank” he added during a call seeking to make the Fed more transparent and accountable to the public.

      Jun 24, 2017 24:37 AM

      No, central banks should be abolished. Central banking is a Marxist concept, a STRATEGY for ruling the nations and ultimately abolishing them.

        Jun 24, 2017 24:00 AM

        Central banks certainly do place a lot of power in the hands of a limited number of people.

      Jun 24, 2017 24:59 AM

      Please outline why you think that the Fed should be a fully public institution.

      That is an interesting idea. In reality, would anything be changed if that were the case?

    Jun 24, 2017 24:32 AM

    Germany Secretly Passed Total Surveillance of Everything

    Governments routinely pass laws that are expanding their powers to the detriment of personal rights that are buried deeply in legislation only a diehard will read. We have heard about these type of sneaky legislation in the USA, but all governments are the same and Germany just proved it is no more honorable than the the worst of American politicians.

    Jun 24, 2017 24:46 AM

    Big Al, Cory, Chris and Doc, as well as all of the great guests. Thank you for all that you do to provide consistent and leading edge thought provoking interviews and analysis.

    This is truly one of the last bastions of free speech and thought avenues in the world wide domain of instant information and public discussion.

    May you have many more years to represent the invisible, silent, and ostracized majority that is truly the spirit of the Americana Constitutional soul.

    Much respect!


      Jun 24, 2017 24:57 AM

      Ditto Vortex. Well said.

      Jun 24, 2017 24:03 AM

      Trust me Vortex, the success of our site is due to a large extent on the folks like yourself who provide thought provoking and insightful input.

        Jun 24, 2017 24:16 AM

        BIG DITTO on that one……..

    Jun 24, 2017 24:30 AM

    Anti racism is anti white racism. The term anti racism or racism is a weapon used by the left and their leaders against all white european people. There is no escape for white people by becoming liberal. The left and their leaders want us extinct so that they can lord over a world of brown people who can be controlled through the application of communist techniques in a global jewish masonic slave state.
    It is as the bible says. There is a way that seems right to people (AKA the liberal leftist way things are) but it is the way of sin and death. The liberal leftist way is the democratic, communist and nicholaitan way. Nicholaitanism involves tolerance, idolatry and sexual immorality and God hates it.

      Jun 24, 2017 24:24 AM

      Steven, I personally agree strongly with your final sentence and believe that is the primary reason that we are in such a devastating condition. As moral values go, so goes society.

      A lot of people feel that this started under President Regan. I believe that it started and then grew under Clinton and then exploded under Obama.

      Witness our lack of morals today; extreme racial violence; and, the total lack of fiduciary responsibility throughout the U.S.

    Jun 24, 2017 24:01 AM

    I agree with these Zionists goals S Rowlandson.

    Neat the threat of nuclear war is being discussed, Ive been watching events for years now.

    One interesting development, the Syrians have pressed the americans near the Jordanian boarder, they outmanuvered the americans (the americans shoulda read Rommels book), in any case no nukes flying.

    The Turks,Iranians,Kyrgystan and Kazakhstan are contemplating troop deployment in Syria.
    Also, the Turks intend to deploy in Qatar and Iran supports Qatar as they share a huge gas field.

    Not sure about the point about god hating “sexual immorality”.

      Jun 24, 2017 24:09 AM

      Did you ever ask yourself b, why don’t other countries just let those folks continue to kill each other?

      Some people would answer this question in the following way: “Because that is not morally right and we must stop it.”

      I would answer, “is it morally right to watch our own country go up in flames with killing; violence in the streets; and, not even a semblance of economic equality?”

        Jun 24, 2017 24:19 PM

        Al, intervention may or may not be moral, I would argue that when the Americans get involved it is likely to be immoral.

        My comment tho, was I wasn’t sure about God hating sexual immorality .
        This may have to do with what a persons opinion of what sexual immorality is.

          Jun 25, 2017 25:10 AM

          b……that subject matter is clearly stated in scripture……

            Jun 25, 2017 25:34 AM

            Thx Jerry
            So what is considered “sexual immorality”?

            I can only guess its homosexuality? is lesbianism mentioned?
            Anyway, other than that I have no idea, so what would it be?

            Jun 25, 2017 25:36 AM

            oops, I remember beastiality was mentioned too.

            Not a good thing, unless ya marry the animal, Ive heard that happens now. lol
            How the heck could anyone face people after marrying a cow? hilarious.

            Jun 25, 2017 25:09 AM

            start with ( google)….biblical unnatural ….will give you some passages..

            Jun 25, 2017 25:44 AM

            ok, thx jerry

    Jun 24, 2017 24:14 AM

    Two Italian Zombie Banks Toppled Friday Night

    by Tyler Durden
    Jun 24, 2017 9:55 AM

    Did Bob M say when the Italian banks fail we have about 2 weeks until tshtf?
    I forget exactly what was said.

    If you see this Bob could you comment about it again?

      Jun 24, 2017 24:42 AM


      The shit is hitting the fan right now.

        Jun 24, 2017 24:10 PM

        Thx bob, so do you still figure our banks begin shutting in a week or so?

        Jun 24, 2017 24:35 PM

        Who knows what any of these banks are worth, there is so much investing in financial derivatives that can’t be traced. Let The German banks who I believe are the umpires start to roll over because they don’t know who is invested in whom. DT

          Jun 24, 2017 24:43 PM

          True DT.
          Bob awhile back was saying that once the italian banks start collapsing it wouldnt be long, a couple of weeks? and the north american banks would be freezing up. Not long to get cash out?
          Something like that, I just couldnt recall exactly.
          Was wondering if he still felt the same way.

            Jun 25, 2017 25:06 AM


            I’m not sure what the timeline is but this is really serious. When banks talk about their “assets” they are really talking about other peoples liabilities, loans and bonds from other banks. So they aren’t assets as we think but liabilities. The banking failures of the great depression started because of one bank defaulting in Austria. Two weeks ago a major bank in Portugal was sold for one Euro. This could be the snowball that starts the avalanche. They know the loans are bad, now they have to cope with worthless bonds as well.

          Jun 25, 2017 25:24 AM

          Thx Bob.
          I didnt know about the one bank in Austria starting the great depression nor about a Portuguese bank sold for 1 euro.

          Im sure your aware, Rickards talks about this, he could be right, a bailout could come from the imf, I suppose we could get a bail in or two as well.
          Might be wise to keep some currency around.

          People are going to have to be prepared for this as routine.
          Cant see a way of acting fast should banks freeze up.

            Jun 25, 2017 25:26 AM

            GOTS………get out of the system……..Sinclair has been warning people for years……

            Jun 25, 2017 25:47 AM

            We cant Jerry, we are part of it.
            But we can prepare a little….might help, might not.

            Just for fun I thought I would post these, since it actually got a mention this weekend. lol

            Paul Craig Roberts Warns “The World Is Going Down With Trump”

            “As the presstitute media is incapable of reason, I will do their job for them. I call for an immediate face-to-face meeting between Trump and Putin at Reykjavik. Cold War II, begun by Clinton, George W. Bush, and Obama, must be ended now.”

            The Government’s Plan To Survive Nuclear War Doesn’t Include You

            The truth of the matter, is that our leaders don’t give a damn about what happens to American civilians. As long as they have their bunkers, they feel safe while antagonizing nuclear armed nations like Russia.”

            PCR site and zerohedge

            Maybe someone should “tweet” PCRs article to Trump.

            Jun 25, 2017 25:57 AM

            b…..Roberts is correct….”they do not care”….
            GOTS…..Getting out of the system as much as possible, when ever, where ever possible,
            and it is very difficult to get out , if one continues to ignore what is going on.

            Jun 25, 2017 25:15 AM

            Being “out” is a young persons game.
            My family has been prepared for shtf or no electricity for years now in BC and Alberta.

            Friends I have are prepared from PEI to BC.

            This prepper stuffs been around awhile, I dont kid myself, I need the city. Im too old to chop wood for warmth or hunt bear.

            My plan is my favorite whisky kept around o, and pot, if roving bands of hooligans come around I need something to deal with them. lol

            We can keep a few months supplies for ourselves and neighbours knowing we have a just in time system tho. Nothing too difficult to do.

            Thing is, everyone is in it, what ever happens it will get dealt with one way or another.
            We just need to be aware of a possible ruff patch.

            Unless its nuclear war, in which case ya got nothing to worry about.

            Jun 25, 2017 25:33 AM

            b…I have to agree with most of your comments…..”out”….as much as possible …
            main thing……FEAR NOT…..jmo

            Jun 25, 2017 25:32 PM

            I got out of Santander this past week, and gone into Halifax. Bought myself some time I’m hoping!! lol.

    Jun 24, 2017 24:31 AM

    I don’t have a position on cryptos and blockchain at this point in time, but I’ve been doing my best to learn more over the last 6 months, and see both positives and negatives. Regardless this article (whatever your position) is an interesting though experiment.


    From Tally Sticks to Blockchain – The Redenomination of Your Entire Life
    Pippa Malmgren – June 23, 2017

    “One way to deal with the epic debt is to simply abandon the traditional system of money and accounting and adopt a new one. It sounds impossible but, we are about to go through this transition. It last happened last in when the British faced 200 years of unpayable war debts in 1829. The British Government came up with a clever idea. Why not print pieces of paper called “cash”? But no one wanted to give up the system that had worked perfectly well for a 1000 years. The system of money and accounting at that time was called the “Talley Stick” system. No one wanted to give up their talley sticks in exchange for a potentially worthless piece of paper. So, the British simply confiscated the sticks. Everyone’s wealth and assets were suddenly redenominated in something new – cash. We too will wake up one morning to find that we no longer use “cash”. Instead, we’ll all have electronic money and blockchain. Yes, we already know that this is the name of the new system of money and accounting…”

      Jun 24, 2017 24:32 AM

      correction… interesting (thought) experiment ….

      Jun 24, 2017 24:20 AM

      Very interesting article, thanks Excelsior.

        Jun 24, 2017 24:15 PM

        Big Al – We are in interesting times as it relates to our monetary system and how people exchange value. Thanks for another great show !

          Jun 25, 2017 25:12 AM

          Interesting indeed…………

      Jun 24, 2017 24:27 AM

      On a related note, proponents of the tally stick system are complete fools – or worse. the Daily Bell did a good job explaining why…

    Jun 24, 2017 24:35 AM

    This year’s best commodity is one of the smallest metals markets Palladium is up 30% in 2017, reaching a 16-year high.
    Eddie van der Walt, Bloomberg – 12 June 2017

      Jun 24, 2017 24:37 AM

      Sibanye sells $1.05bn bonds as Moody’s goes negative on Charter
      By David McKay – June 21, 2017

      “A $1bn rights issue – South Africa’s largest for an acquisition, and which was five times over-subscribed – was completed on June 12. The bonds and the rights issue are being used to partially settle a $2.65bn bridging facility arranged to finance the $2.2bn takeover of Stillwater Mining, a US-based platinum group metals producer.”

      “The capital raised through these successful transactions, following the conclusion of the transformative Stillwater acquisition, will ensure an appropriate long-term capital structure for the group,” said Froneman.

    Jun 24, 2017 24:43 AM

    Silver bounced off of fork support on Wednesday but was capped by it on Friday. If the the rise of the last three days was just a backtest of that broken fork support (blue), then silver should head lower soon.

    Jun 24, 2017 24:47 AM

    Major #Gold Rally Is Starting
    Morris Hubbartt – Jun 23, 2017 #Video
    Super Force #PreciousMetals #TechnicalAnalysis #Charts

    *SFS Key Tactics & Video Update $GDX $FNV $GCC $U

    Jun 24, 2017 24:52 AM

    Gold Stages an Impressive Recovery

    Gary Wagner – June 23, 2017

    Jun 24, 2017 24:12 AM

    “Gold Bull [Lower] Limit”
    Chart somewhat self-explanatory; text to come.

      Jun 24, 2017 24:24 PM

      The text has been added.

    Jun 24, 2017 24:46 AM
    Jun 24, 2017 24:47 AM

    Lack of Maturity on part of donald Trump is hurting our country. Looks more and more lick Mattis and Tillerson are running the country whild Trump goes on rallys that praise him, like hes a rock star, . My predicton still stands that he will resign or be impeached by Jan 1 2018 S

      Jun 24, 2017 24:22 PM

      Both Obama and Bush did far more to hurt the U.S. than Trump has done or is likely to do. Pray for sanity! (lol)

        Jun 24, 2017 24:00 PM won’t get any sanity from the left. Their only goal is to destroy Trump. They could care less about the future of the country. We need to pray that Trump and his team stay strong and complete their promises to the people.

          Jun 24, 2017 24:02 PM

          I know, Gator, I was being sarcastic. Mr. Hamilton always advises praying for sanity yet makes positive comments about the likes of Pelosi and Obama. The supranational Marxists in charge have built a Twilight Zone reality!

          Jun 25, 2017 25:08 AM


          You are dead right. It’s like the fools who destroyed Libya and want to destroy Syria and Iran but have no better alternative. Their only goal is to destroy, they could care less about the future of the middle-east.

            Jun 26, 2017 26:06 AM

            What goes around comes around.
            I don’t condone the name calling,by the media or our elected officials.
            At some point someone has to step up and start acting like an adult.
            Until there is justice for the victims of 9/11,those involved in the act and those involved in the cover up will carry on and conduct themselves accordingly.
            The mendacity coupled with the insouciant nature of those in charge demonstrates to me that at the end of the day what we have here is little more than Kabuki Theater.

          Jun 25, 2017 25:15 PM

          Why would you think that anything would be different with the Democrats?
          Remember M Mconnells statements about Obama?

            Jun 25, 2017 25:10 PM

            John, it should go without saying that a republican would want to make Obama a one term president. That doesn’t compare at all with what the psychos on the left are pulling with Trump.

            Jun 25, 2017 25:22 PM

            M. McConnell should have kept his mouth shut in the first place.
            He is such a bought and paid for,lacking decency and respect ,his wife doesn’t even use his last name.
            You watch,when things start getting hairy M.Mconnel and the like will turn their back on President Trump to cover their own ass.

            Jun 25, 2017 25:51 PM

            I don’t know anything about McConnell and have no use for politicians in general but when a politician states that he wants to keep his opponent’s power to one term, he is stating the obvious. It is an innocent statement compared to what the left is up to today.

            There is no legitimate reason why he should have kept his mouth shut. On the contrary, he should have worked much harder to make his intention a reality.

            Jun 25, 2017 25:52 PM

            Congress works for us. They represent the will of the people.
            They should leave their grievances at the door.
            Partisan Politics is partially the reason we’re in the mess we are.
            I am an Independent,you can discuss the merits of the party you support.
            Everybody in Congress who was there when 9/11 went down is guilty in the cover up. As I have said many times,how many people were prosecuted for aiding and abetting the 9/11 hijackers? I rest my case.

            Jun 25, 2017 25:35 PM

            John, intending to limit the opponent to one term is not a grievance, it’s politics and what constituents expect. What the left is up to right now IS an example of a major grievance. You simply aren’t reasonable if you think there’s something wrong with McConnell’s intention to limit Obama to one term.

            Partisan politics is not the reason for the mess — just the opposite. Wake up, cut through the silly bs rhetoric and you’ll see that the two parties are more alike than not. The problem is that the sheeple can’t figure anything out to save their own lives. It’s a freak show all the way around and most are way too ignorant to get it. Black is white, good is bad, and now there are more than two genders! What kind of dope buys this sh!t?

            I don’t support any party anywhere nor do I believe in the authority (tyranny) of the majority.

            Jun 25, 2017 25:04 PM

            Reza Aslan at CNN wrote the following referring to Trump: ““This piece of sh– is not just an embarrassment to America and a stain on the presidency. He’s an embarrassment to humankind.”

            Reza is one of many in the MSM making such statements. Do you think any of them would still have a job had they expressed the same sentiments toward Obama?

      Jun 24, 2017 24:38 PM

      BERNIE SANDERS AND WIFE..under investigation for BANK FRAUD…………zerohedge…..

        Jun 24, 2017 24:40 PM

        under FBI investigation…….change of administration, change in policy… and order.

          Jun 25, 2017 25:21 AM

          SEE BELOW ……MTF…..posted the article……….

      Jun 25, 2017 25:17 AM

      Trump issue is not immaturity, but rather a personality disorder, with predictable modes of behavior. Narcisscism.

        Jun 25, 2017 25:19 AM


          Jun 25, 2017 25:36 PM

          No David Trump is an egomaniac who wants to be loved by everybody, while Obama was a narcissist who cares for nobody.

    Jun 24, 2017 24:57 PM

    Sadly, I don’t think the Fed can raise more than another .25%. It’s immaterial what gold did in the past with interest rate increases. They’re in a corner they’ve never been in before and will literally crash everything if they try to ‘normalize’ interest rates. If gold goes up, it won’t be caused by higher rates. OK, that’s my rant for the day.

    Jun 24, 2017 24:10 PM

    Regarding gold, Ross Clark sounds a bit like Tim Wood further out but at least knows a buy when he sees one.

    I agree with much of what Eric Hadik had to say about Bitcoin.

    Jun 24, 2017 24:48 PM

    VISA…..thinking about using ethereum………….zerohedge

      Jun 24, 2017 24:50 PM

      hiring block chain engineer….from ethereum…..

        Jun 25, 2017 25:09 AM


        Blockchain is different than crypto-currencies.

          Jun 25, 2017 25:09 AM

          good follow up comment…….agree….thanks for the clarification…..

            Jun 25, 2017 25:26 AM

            Bitcoin is the first implementation of a digital asset, and is the only blockchain protocal in widespread use.
            Think of Bitcoin as the Berkshire Hathaway of Crypto Currencies.
            Bitcoin will always have the first mover advantages.

            Jun 25, 2017 25:47 AM

            John…..A shares or B shares…..(Berkshire Hathaway)… 🙂
            All kidding aside…..thanks for the comments.
            I will be the first to admit, understanding blockchain and cryptos has not been on my mind, until a couple of months ago when the price started moving.

            Jun 25, 2017 25:28 AM

            Your comments on Visa were interesting to say the least.
            The reduced transaction fee of Bitcoin verses Visa, Mastercard and the rest was the light bulb moment for me. And guess what,the power is still on.

            Jun 25, 2017 25:36 AM

            John…..thanks, always trying to share what I think is changing news, which might be beneficial to the group…

            Jun 25, 2017 25:49 AM

            cibc now moves money at no charge, they are saying anywhere in the world.
            At least thats what their tv ad said.

            So the big advantage of no fees using bitcoin isnt a big advantage anymore.

            I never could understand that, any charges Ive ever had moving cash have been small enough to be negligible.

            I can see people choosing the blockchain and digital currencies tho.
            Money is what people choose to use after all.

            Jun 25, 2017 25:14 AM

            NEW……at zerohedge………BITCOIN BUYERS BEWARE…….

            Jun 25, 2017 25:31 AM

            Once again you totally clueless regarding Bitcoin.
            I stated the transactional fees associated when using Visa,Mastercard,etc, not moving money.
            For your latest Zerohedge post Jerry,OOOOOOOOOOOO I’m so scared.

            Jun 25, 2017 25:38 AM

            John…..I am not trying to scare you… is just info….. 🙂

            Jun 25, 2017 25:39 AM

            Fear Not……… 🙂

            Jun 25, 2017 25:18 PM

            dont understand ur point John.
            no fees using bitcoin? ok
            I have no fees using banks either, so where is that advantage of crypto?

            Disadvantages to crypto are obvious, I would pretty much starve to death if I didnt have fiat, people around here dont accept PMs either, ya gotta change it for fiat.

            Blockchain may very well be another matter, and to be clear, people choose what is money, its a herd mentality thing. Any individual opinion is meaningless.

            Personally, I think we are going digital, India is really putting pressure on metal now too.

            I dont agree with digital but thats what the young people want so thats where were going.

            Otherwise clueless? ok.

            To be honust, it would not surprise me in the least to find out it was central banks that started the cryptoes.
            Think about it and be honust, crypto is exactly what banks want to implement.
            100% digital, complete surveillance.

            Ya gotta luv it.

            Jun 25, 2017 25:06 PM

            The fee Visa charges the merchant to transact business with you can be done with Bitcoin at a fraction of the fee Visa charges.
            Simply lower fees,better value to the merchant and the consumer.
            Bitcoin 101.

            Jun 25, 2017 25:06 PM

            I figure eventually people are going to be expected to pay taxes on their profits on cryptos.
            Might be a shock to some people.

          Jun 25, 2017 25:43 AM

          Where was zero hedges warnings when I bought in? I may have been a little late to the party,but I’m still going to get a couple of dances.
          How about you?

            Jun 25, 2017 25:20 PM

            John, ….Like most media , I doubt they understand what is going on. At this stage , I am not sure, if we are early or late.

            Jun 25, 2017 25:13 PM

            You are definitely early.I am the bird who got the worm.
            Most people are still buying fishing equipment at the grocery store.

    Jun 24, 2017 24:49 PM

    Harry Markopolos: Certified Fraud Examiner & Whistleblower Specialist –

    After Harry Markopolos became an international hero for taking down Bernie Madoff’s $65 billion Ponzi scheme in 2009, Markopolos gave King World News an exclusive interview. Markopolos then gave King World News an exclusive in 2011 when he exposed the stunning corruption and theft that were taking place at Bank of New York Mellon as well as other banks.

    Today Markopolos delivered another bombshell interview to King World News, saying the U.S. government is a giant Ponzi scheme, a full-blown panic is coming and journalism is dead. Markopolos takes KWN listeners around the world on a trip down the rabbit hole of corruption, Ponzi schemes, and what he calls “The Line of Death,” and “A day of reckoning.”

    This is one of the most amazing audio interviews with Markopolos, who gives listeners around the world a look at exactly what he predicts will set off the next global collapse and it has nothing to do with pensions!

      Jun 25, 2017 25:15 AM

      thanks for the heads up…….I have slowed down reading KWN, but, this article seems interesting……

        Jun 25, 2017 25:19 AM

        anyone reading this article, could couple this reading with MiKe Mahoney article on utube , his article no. 4… the FED scams everyone, with debt.

    Jun 24, 2017 24:23 PM

    Rye Patch Gold is executing and growing however shareholders are being left behind and i am try to understand why. The finances and costs don’t make sense being amplified with the recent bought deal. Please ask Bill to shed some light into their cost to produce. Also every one keeps looking ahead into Lincoln hill and Wilco even before achieving commercial production and focusing on that and I hope they don’t over extend their financial means at more shareholder expense.

      Jun 26, 2017 26:07 AM

      As a shareholder I have similar concerns Imtiaz Rahmat. Good questions for Bill and the team to address in future interviews.

        Jun 26, 2017 26:20 PM

        Having said that, I am very interested in seeing Licoln Hill and Wilco get added to the mix. They have so many synergies by having the extra capacity, and the close proximity of the other deposits, so this really could turn into a mining district.

        Also, keep in mind Coeur is still a close neighbor and always could come in and decide to acquire them down the road as a further kicker.

    Jun 25, 2017 25:22 AM

    Another sobering read on how Russia will get away with it

    Obama’s secret struggle to punish Russia for Putin’s election assault

    Jun 25, 2017 25:23 AM

    On the Republican Party

    ‘Trump Is What Happens When a Political Party Abandons Ideas’

      Jun 25, 2017 25:38 AM

      And Obama is what you get when a political party doesn’t know history or economics.

    Jun 25, 2017 25:33 AM

    Sketchy firm behind Trump dossier is stalling investigators

    A secretive Washington firm that commissioned the dubious intelligence dossier on Donald Trump is stonewalling congressional investigators trying to learn more about its connections to the Democratic Party.

    The Senate Judiciary Committee earlier this month threatened to subpoena the firm, Fusion GPS, after it refused to answer questions and provide records to the panel identifying who financed the error-ridden dossier, which was circulated during the election and has sparked much of the Russia scandal now engulfing the White House.

    Jun 25, 2017 25:37 AM

    Next up: a special counsel to probe Team Obama’s obstruction of justice

    By using fired FBI Director James Comey to attack the new Republican administration, Democrats have opened up a legal can of worms for the Obama administration.

    Under sworn questioning, Comey has veered off the topic of President Trump and Russia and revealed several damning incidents in which his predecessor’s administration politically interfered in the Hillary Clinton email investigation. And now the Senate will investigate Team Obama for obstruction of justice.

    Specifically, the Senate Judiciary Committee announced last week it will hold hearings to “examine then-Attorney General Loretta Lynch’s involvement in the Clinton email server investigation.”

    The findings of the powerful panel, which has oversight of the Justice Department and FBI, could lead to a separate criminal investigation and the naming of another special counsel — exactly what Trump needs to distract attention from his growing legal woes.

    What Lynch did reeks of obstruction. According to Comey, his ex-boss:

      Jun 25, 2017 25:20 AM

      About TIme………

    Jun 25, 2017 25:39 AM

    Bernie Sanders & Wife Under FBI Investigation For Bank Fraud

    “My only hope is for a fair, impartial, and thorough investigation…”

    Vermont Senator Bernie Sanders and his wife Jane have lawyer’d up amid an FBI investigation into a loan obtained to expand Burlington College while she was its president.

      Jun 25, 2017 25:23 AM

      Part of the political classless….which should have been gone a long time ago…….21 yrs in office…….should tell people why we need…..TERM LIMITS.

    Jun 25, 2017 25:18 AM

    What happens to your debt when you die?

    Published: May 29, 2017

    Jun 25, 2017 25:22 AM

    Ronald Stoeferle: In Gold We Trust 2017

    By Collin Kettell on Palisade Radio – June 25, 2017

    Jun 25, 2017 25:23 AM
      Jun 25, 2017 25:42 AM


      That article confirms what the vast majority of people on this site figure out in the first day after the so called “chemical attack” by Syria.

      The US response was disinformation and if you think about it, the same group that controls the US political system, Hollywood and all of the media were behind it. They now have their own Shabbas Goy in the White House.

      Al might wake up but I really doubt McKinney will. He’s been too brainwashed.

        Jun 25, 2017 25:42 PM

        All a person can do is try. Who knows? Perhaps the horse will learn to sing. 🙂

    Jun 25, 2017 25:51 AM

    The Holy War continues as English civilian strikes back:

    Don’t expect to see this on “the news”

    It is just as wrong and inexcusable as terror.
    Civil society breaks down when Governments fail in their duties.

    Jun 25, 2017 25:34 PM

    More fake news from CFS. It was a 42 year old woman who had been part of the celebration. Sometimes an accident is nothing more than an accident. Except to CFS who needs to hate Muslims.

    I was trying to brake: Woman is arrested ‘after ploughing her car into families gathering for Eid prayers near Newcastle mosque’ sparking panic and leaving two children in intensive care – just a week after Finsbury Park attack

    The woman screamed ‘I was trying to break’ as she was taken away by officers
    Car crashed into people in a field by Westgate Community College in Newcastle
    Site used as overflow car park by worshippers using college for Eid celebrations

    Witnesses said woman had been attending prayers before returning to her car

    Read more:
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

    Jun 25, 2017 25:13 PM

    The dollars used toilet paper. lol Mike Stathis says your an idiot and has a $100k bet on market forecasting.
    All the guys / idiots you posted over the years…Doomsday idiots all wrong bleeding many people dry.
    Peter Schiff
    Doug Casey
    Mike Maloney

      Jun 25, 2017 25:24 PM


      I see that Mike Stathis has removed the link to where he claimed his mother invented belly dancing and other absurd claims. But I did find this.

      rom Wiki:

      Mike Stathis was born Moshe Stakinsky in Telaviv Israel in 1956. His father, who invented the crouton, was a recent immigrant from Czechoslavokia. His mother was a belly dancer of international repute, her stage name Le BelliBouton. He is a distant relative of Benjamin Hyman Bernanke, Chairman of the Federal Reserve Bank (USA) as his father’s brother was Bernanke’s sister’s music teacher. Stathis graduated the Hebrew High School in Telaviv and then attended the Kosher Cooking Institute of Jerusalem, graduating in 1978 with high honors in dinner pastries [B.C. summa cum blintzes]. ….He is presently employed as an expert commentator on monetary policy and the economy by several mainstream internet news outlets.

      Hang on to that commercial real estate Bill, it’s bound to come back someday.

      Stathis is a Jewish con-man who hates Jews and I have no doubt you and he will see eye to eye.

    Jun 25, 2017 25:16 PM

    I don’t hate muslims; but I do hate the Misogyny their religion preaches. I support women’s rights.
    Islam needs a reformation.

    Jun 25, 2017 25:24 PM


    Jun 25, 2017 25:25 PM


    There are as many flavors of Muslims as there are of Christianity and Judism. All religions have a lot of stupidity to them.

      Jun 25, 2017 25:27 PM

      Mr. Moriarty: How nice of you to denigrate all religions.

        Jun 25, 2017 25:41 PM


        Name a religion that doesn’t have some stupidity.

          Jun 25, 2017 25:43 PM

          Mine :>}

      Jun 25, 2017 25:38 PM

      It is true, however, that many religions have not historically always been infallible.
      Hence a/the reformation.

        Jun 25, 2017 25:51 PM


        The greatest evils in history were done under the umbrella of religion.

          Jun 25, 2017 25:06 PM

          Some of the greatest evils in history were indeed done under the umbrella of religion.

          A lessor evil, but by no means insignificant, are acts of terror performed in the name of Islam.

            Jun 25, 2017 25:08 PM

            lesser……my spell check incorrects again.

            Jun 26, 2017 26:33 AM


            The last time I looked Islam was considered a religion

      Jun 25, 2017 25:41 PM

      Bill, that youtube example is one which clearly displays hatred and true ignorance.

    Jun 25, 2017 25:31 PM

    A powerfull infrastructure rebuild plan should have been the first thing Trump di not the last. Plus SOMEWONE NEEDS TO PUSH A MASSIVE TAX INCREASE ON GASOLINE AND DESIL so we can use the money to rebuild . REPUBS dont have the nerve to do it as they are fanatics about not pay taxes. 30 cents per gallon plus states must add 2 cents per gallon IF they want there state to participate. Reality time you cant fix thngs with no money. S

      Jun 25, 2017 25:35 PM

      Only a little-thinking person would advocate for increasing taxes; as opposed to cutting waste in order to allocate funding for desired programs.

      Jun 25, 2017 25:06 PM

      Governments everywhere have done enough “fixing” with other people’s money.

    Jun 25, 2017 25:23 PM

    Bankruptcy guru Edward Altman sees similarities to 2007 in the credit market today

    Jun 25, 2017 25:18 PM

    There are now over 60 no-go zones in Sweden, where civil society has broken down primarily because of Islamic violence and rapes.

    Jun 25, 2017 25:23 PM

    The only way to prevent this system from crashing is to keep interest rates below where they are now and to reduce the civil service slowly by 75% over the next five years. The only time America was really productive was when the government in the 1920’s was so small that business was unfettered. DT

    Jun 25, 2017 25:27 PM

    In England, the number of no-go zones depend on your definition of “zone” and the sex of the person “going”.
    Whereas in Sweden, the problem ares are mainly confined to the south of the country, in England no-go zones are substantially in the Midlands, although areas of London and the North of England have significant problems. In general, the BBC and newsmedia do not report or underplay the problems.

    Jun 25, 2017 25:51 PM

    “Boo Hoo Hoo” – New Jersey College Fires Black Professor For Making Racist Remarks

    Essex County College in New Jersey has fired adjunct professor Lisa Durden after she made racially insensitive remarks during an interview with Tucker Carlson on Fox News two weeks ago, according to the Associated Press. College officials said they received complaints about Durden’s interview, with some university constituents upset about statements that were disparaging to white people. During the interview, Durden, who is black, discussed a Memorial Day event held exclusively for black people hosted by a Black Lives Matter group.

    Jun 25, 2017 25:42 PM

    Bitcoin Ethereum Litecoin Golem Technical Analysis

    Jun 26, 2017 26:15 AM

    Chart of the Day: Déjà vu?
    The Hedgeless Horseman – June 25, 2017

    “At the start of the monstrous leg up in the miners early 2016 one of the most explosive mining stocks out there was First Majestic Silver Corp, which rose over 500% before a severe correction took hold. Many people has probably seen the graph of the miners long and tedious consolidation pattern that went on for about six months before the “final” leg down took place. After going over the recent trading action in First Majestic I realized it seemed to have many things in common with the previous consolidation pattern…”

    “Below is a graph of some interesting similarities between then and now:”

    “They say history doesn’t repeat, but it rhymes…

    If this newest consolidation pattern would play out in a similar way, we would be looking for a last and painful leg down (shake out), before this stock would be rocketing higher again, just like in 2016. Extrapolated to the whole sector, that would probably mean that the year long wedge pattern in GDX and GDXJ would also do a last leg down before turning up. Ergo, a false bearish break that inflicts the most pain and fear into the hearts of retail investor, all while smart money are picking up miners at fire sale panic prices (just like last time). Judging by the latest COT-report, the commercials seem more positioned for a bigger rally than an extended and deep correction. As always, nothing can be taken for granted, but I can’t deny that there are some interesting clues in First Majestic’s chart in terms of smart money perhaps trying to recreate the recipe for max fear once again.”

    Jun 26, 2017 26:47 AM

    Leaching and recovery operation tests complete at the Santa Elena mine (MEXUS)

    June 26, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) announced that its JV partner, MarMar Holdings, has been working hard for the last 60 days fine tuning the leaching and recovery operation. MarMar states the replaced equipment and various adjustments although costing time and money will save both in the long run once production begins in earnest. These steps are necessary to ensure a smooth running operation and avoid down time.

    Metallurgists believe they have perfected the different check points to assure maximum recovery at this time. Both Mexus and MarMar believe that the start-up problems to date are normal and want all to know that everything is being done to assure great results for years to come.”

    “The cyanide drip of the heap leach pads will be increased this week with additional cyanide being added to the solution. The plan going forward is to increase all aspects of the mine operation given that all systems are operating efficiently.”

    Jun 26, 2017 26:15 AM

    Gold slips, market cautious ahead of U.S. data this week
    Reuters – June 26, 2017

    “Investors will watch U.S. data including June consumer confidence, pending home sales, crude oil inventories and revised first quarter GDP for any signs of softness that could push back rate hike expectations.

    “The market is looking at this week with caution… There’s certainly some expectations of disappointing data and also a more dovish Fed, that could keep gold prices elevated,” ANZ analyst Daniel Hynes said. “Anything on the inflation front will be constantly watched.”

      Jun 26, 2017 26:28 AM

      The article should read………”Investors await the Fat Finger of the Gold Dumper”

        Jun 26, 2017 26:56 AM

        Yeah there was a “Fat Finger” article out on ZH and a few other sources this morning. $2 Billion worth of contracts sold (18,000 contracts) in one motion, that kicked off the downturn. It was a commercial selling those contracts.

          Jun 26, 2017 26:57 AM

          However, the Yen was down and Dollar/Yen was up, and that is the correlation that likely started the selling, and that scenario pressures gold.

          Jun 26, 2017 26:15 AM

          I see that zerohedge had 63,000 people reading this article……….that is a lot of people…jmo

            Jun 26, 2017 26:11 AM

            PMs is niche, but maybe 63k will grow, 1 mind at a time?

            Jun 26, 2017 26:17 AM

            You want plenty of interest when selling, not buying.

      Jun 26, 2017 26:55 AM

      Opinion with Peter Hug
      Gold Falls As Large Commercial Sells Volume
      Peter Hug – Monday June 26, 2017

    Jun 26, 2017 26:21 AM

    Confusion, Inertia and the Lithium Investor

    June 24, 2017 – Joe Lowry – One of the World’s Leading Lithium Market Experts

      Jun 26, 2017 26:26 AM

      “Lithium is an industry currently dominated by less than a handful of companies that can only be described as “less than forthcoming” about the details of how their world works. ALB’s loquacious CEO does a lot of talking but says very little. SQM prefers to be understated. Western investors are just learning how to spell Tianqi and Ganfeng and besides the general skepticism about the reporting of companies in China find little written in English to provide insight. FMC is now in reality an Ag company that may IPO their small lithium business which will likely get a lot of market interest based on legacy but should be considered a “second tier” option (think unwanted downstream assets and potential environmental issues from old plants) if and when the IPO time comes.”

      The lithium juniors are almost too numerous to keep track of in the alphabet soup of ASX and TSX listings; yet only a few have a serious chance of bringing supply to market in a meaningful way. Galaxy and Orocobre are in commercial production. LAC and Pilbara have financed projects moving forward. Nemaska is demonstrating a new technology in the most attractive market segment but still needs additional financing to go from a very small (500 MT) “Phase 1 plant” (out of respect for Guy Bourassa I won’t call it a “demo plant”) to true commercial production. A couple other companies (that will remain unnamed) have reasonable chance at success in the coming decade. The majority of the rest of options from Australia to Argentina or Qinghai to Quebec are either too small to give serious comment on or are “pump and dump” schemes where the “product” is stock price and exit strategy. ”

      — Joe Lowry (from the article linked above

    Jun 26, 2017 26:20 AM

    FLASH CRASH……gold flash crash as someone dumps $2 Billion in gold, FAT FINGER blamed, ….

    Jun 26, 2017 26:48 AM

    “Gold Support Test: Deep violation overnight!”
    Chart to come.

    Jun 26, 2017 26:54 AM

    I FIND THIS FUNNY………..Kitco is now covering crypto currency……jmo

      Jun 26, 2017 26:57 AM

      Does anyone know when they started covering ??????…..I just noticed it…..

    Jun 26, 2017 26:30 AM

    I posted the following chart on Friday and the red arrow is now looking pretty good:

    Jun 26, 2017 26:36 AM

    Gold is down more than silver, GDX, and GOEX. That is a positive divergence in favor of silver and the miners.


    Jun 26, 2017 26:46 AM

    The dollar looks like it will go significantly lower before it goes significantly higher…

    Jun 26, 2017 26:53 AM
    Jun 26, 2017 26:07 AM

    In March, last year, I said that JAG’s day was coming soon. It then went from under .30 to .85 in the following four months. Today, at .405, I’ll say it again, JAG’s day is coming soon.

    Jun 26, 2017 26:44 AM

    HAHAHA If you even had a clue. Stathis has a pile of Jewish subs that actually pay him for his research. He even says that he doesn’t dislike Jews but there’s a crap load that run the US Wall street and Hollywood included….If you don’t play by their rules as they see fit YOU ARE OUT. BLACKLISTED forever….crooked ass hell. By your forecast we should be back yo the horse and buggy days paying for shit with precious metals….Fear pumping IDIOT you are…

      Jun 26, 2017 26:52 AM

      You’ve outdone yourself, Bill. Your attitude toward sound money is the mark of true idiots everywhere. In your twisted world, fraud is a step forward and honesty is a thing to be left in the past and forgotten.

    Jun 26, 2017 26:11 AM

    Its not nessasary Mathew. Sound government is and people in control of the money supply are…how in the hell is everyone on the planet going to use pm….You know how much money is in circulation? Maybe we should use copper. Theres enough of that….corupt gov is the problem period. Ive managed quite well without pms for 50 yrs. Inflation has been wouderful to inflate my debt away on my commercial RE and set me up big time…no need to gamble or work.

      Jun 26, 2017 26:46 AM

      Of course sound money is necessary. By maintaining otherwise, and pretending there’s a such thing as sound government, you just prove how deep your lack of understanding is.

    Jun 26, 2017 26:16 AM

    As you know I certainly don’t waist my valuable time 7 days a week looking at a screen yakking on the chat site…OMG Its near the definition of insanity….

      Jun 26, 2017 26:49 AM

      It’s funny that you do “waist” your time here around every significant low.

        Jun 26, 2017 26:05 PM


        Funny that you pointed that out. Bill was whining back in Dec of 2015 about how gold was never going to go up when you and I and Excelsior were pounding the table that gold was going to go higher soon. We were right, he was dead wrong.

        He’s nailed another bottom. Congratulations Bill, you outsmarted the entire group again.

        Santhis is a clown. Even you will figure that out one of these days, Bill. Eventually. Why don’t you go out of network or comm range for a year. Let us know how rich you are then.

    Jun 26, 2017 26:08 AM

    HAHAHA what does that have to do with the price of rice! Trust me I know where the markets are…I barely have to watch at all. Like me pounding the table that there would be no DOW cash 1-2-3 years ago and arguing that with Bobbo
    I’m not a habitual gambler like some here…I don’t need to speculated to survive…..
    Stathis had it EXACTLY RIGHT year in and year out….and I don’t need him to school me…..Mathew just how do you speculate on thinly traded stocks with a lot of money……mines where it will be so when I kick off my kids are set up and them some….I can go out of network or comm range for a year and sleep in everyday then come home and have another $250k in my bank and my along with my inflating RE…and virtually no debt….Gold is lead to me…Just another commodity.

      Jun 26, 2017 26:24 AM

      You buy when fear is peaking and people like you can’t believe it’s not going lower. THAT is how you speculate in thinly traded stocks with a lot of money. Most can’t do it.

        Jun 26, 2017 26:42 PM


        When you are drinking your spelling really goes downhill. Why not share your wisdom with us when you sober up?

    Jun 26, 2017 26:51 PM

    That’s all you got!? Hilarious as hell….You can ride Bird ass too. Hes long gone?
    I’m going to get a drink.

    Jun 26, 2017 26:08 PM

    Go back and read some of your stuff. THE END OF CHEAP ENERGY orWE ARE GOING TO RUN OUT fear mongering….is $45BL cheap enough?! Technology help blow the out of the water….
    The USA was suppose to collapse up Break up into smaller pieces so you bailed out of Florida…..LOL Near 10 years later….You don’t have a clue along with 99% other market gurus.