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Factors influencing precious metals, oil and other commodities.

ker
March 12, 2011

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In this show Al discusses:

  • Segment 1 – The Dean of the Gold Markets, James Turk, discusses factors influencing precious metals.
  • Segment 2 – Oscar Carboni discusses oil and other commodities.
  • Segment 3 – Randy Turner, President of Silver Quest, discusses his company.
  • Segment 4 – A political rant with Dan Pisenti and Big Al
  • Segment 5 – Al opens the second half of the show with David Morgan discussing trends in the resource sector of the equity markets.
  • Segment 6 – Al and Roger Wiegand discuss Caza Gold
  • Segment 7 – Al discusses the importance of the potash market with Joshua Bleak, the President of Passport Potash.
  • Segment 8 – Trader Rog and Al discuss the terrible tragedy in Japan and the possible effects on the international financial markets.



Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show


Discussion
36 Comments
    Mar 12, 2011 12:08 AM

    seg 1:
    All cash, to be specific, is loaned into circulation. That’s why, among other reasons, it makes no sense to keep saying “printing money”. Where is all this “money”? Why aren’t jobs being created? People are going bankrupt, that’s why the purchasing power of the dollar is going down. For some stupid reason we refer to this as “inflation”.
    Take five of your friends, give each one $100 of Monopoly® cash. Use the cash to trade services with each other for a week. Then you’ll have a better understanding of what cash is. Now consider the effect of having a sixth person, who doesn’t do anything, collecting “interest” on that cash because he rented you a board game.

    Mar 12, 2011 12:23 AM

    seg 4:
    By the way, the guy who rents the board game’s name is Rothschild. Guess who has ancestry in the Rothschild family? Bush/Obama/Bernanke/Greenspan…

      Mar 12, 2011 12:30 AM

      Eric,
      I agree with you on the Rothschild,, but, where did you get your
      info. on Obama being related,,or do you mean that family like
      in the maffia?

        Mar 12, 2011 12:20 AM

        There are people wholly devoted to exposing this kind of stuff. You have to listen to a lot of alt. media sources. Sure you have to wade through a lot of BS, but eventually what makes sense and is reliable info becomes clear. I mainly focus on the philosophy of monetary policy and, of course, world domination. http://oraclebroadcasting.com/ – this station has some good stuff.

        Oct 29, 2012 29:21 AM

        Hi. I’m new to blogging and am just statring with my first site. I’ve only just picked up on the fact that not all links are the same. I am interested though. You say in your post that you get content from the comments you receive. I don’t really understand how that would help your blog. Why would comment content matter? Sorry if this is a basic question.

    Mar 12, 2011 12:23 AM

    oops.

    Ken
    Mar 12, 2011 12:48 AM

    Patriot Act, Afgahnistan, Iraq, Medicare Part D, Katrina response, bankster bailouts, burying a bankrupt country deeper in debt and even outlawing incandescent lightbulbs, and I could go on but won’t. You did a heckuva job, Bushie. Give yerself one of them Presidential Freedom medals and while yer at get one for Danny and Big Al!

      Mar 12, 2011 12:47 PM

      You’re right Ken. Al should do another show with Pisenti wherein both of them try to reconcile Dubya’s Patriot Act. Their efforts would be scary, no doubt. It’s called cognitive dissonance. The truth is a radical thing for those unacquainted with it. It is very difficult to admit to one’s self that a decades-old belief or perception is wrong. If Bush or any other modern, mainstream conservative were legitimate, don’t you think they would mention that the dollar, in its current form is illegal, since it is no longer equal to the constitutionally required 371.25 fine grains (troy) of silver? There has been no constitutional amendment to repeal this requirement. A gallon of gas would still cost less than 2 dimes. Wouldn’t a legitimate conservative point out that the existence of a central bank and fiat money in any society is the hallmark, the foundation, of communism?! The planners play chess while Pisenti plays checkers and the masses play video games in their diapers. Checkmate Amerika!
      “The only secret is the history you don’t know” — Harry S. Truman
      “If decade after decade the truth cannot be told, each person’s mind begins to roam irretrievably.” — Alexander Solzhenitsyn (Nobel laureate Literature 1970)

        Mar 12, 2011 12:35 PM

        Correction: between beers I realized that I wrongly cited the constitution where I should have cited the Coinage Act of 1792 regarding the value of a dollar. My apologies.

          Mar 12, 2011 12:45 PM

          Couldn’t agree more, Matthew. And Ken didn’t even mention Bush’s secret torture camps across the world and his warrantless wiretaps and how he shamelessly made fun of the Iraqi missing weapons of mass destruction at that press club dinner. And the sad thing is that Obama is just as bad. They are all liars and criminals who make a mockery of the Constitution.

        Har
        Mar 12, 2011 12:35 PM

        Keeping the Fed rate at emergency levels while pushing home ownership.

    Mar 12, 2011 12:09 AM

    seg 7:
    I hope your $10mil “capital”, or “cash on hand” is in a safe. Ever heard of a stock market crash, or bank run?

    Ken
    Mar 12, 2011 12:42 AM

    Why does David Morgan look so angry?

      Mar 12, 2011 12:18 PM

      Dave looks angry because he blew out half of his speculative position too early! It’s funny how so many experts don’t err on the side of the BULL! When they start to assess risk properly, they will see that the high risk spec is the $usd and all fiat paper. Respect the bull market or be left behind to be mauled by the $bear.

      Mar 12, 2011 12:56 PM

      He looks a little like Morton Downey, Jr. in that picture.

    Ken
    Mar 12, 2011 12:51 PM

    Rickards says due to the existing size of the Fed’s balance sheet there will be QE in perpituity…

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/12_Jim_Rickards.html

      Mar 13, 2011 13:11 AM

      Rickards is well connect his words carry more weight than most.

    Dan
    Mar 12, 2011 12:52 PM

    Seg. 4, The Bushes – honorable, decent, concerned men???? Huh???? Can you be a decent, honorable, man if you know your people are being economically raped, and pillaged and destroyed, and you do nothing to stop it. Not one mention during the entire reign of the Bushes, or Clintons or Obama about the monetary destruction going on right under their noses by the Fed and Central Banks. These people are despots with only a facade of decency. Where’s an Andrew Jackson when you need one!

      Mar 12, 2011 12:20 PM

      ditto.

      Mar 12, 2011 12:44 PM

      Hey Bub, careful there. After all, Obammie made sure Daddy Bush got a Presidential Medal of Freedom, you know. Makes sense. Gangsters of a feather run amok together.

      Mar 12, 2011 12:38 PM

      I have no idea who this Dan Pissanti is and, quite frankly, after listening to him have no interest in finding out, so I will not bother commenting on what he said.

      But I have to admit, I’m very disappointed that Big Al constantly falls for this bogus Democrat/Republican, left/right bogus dichotomy. Anyone who says that any of the recent and not so recent occupants of the White House are anything but dishonorable criminal puppets who cr@p all over the Constituion and are out to grab all the power they can at our expense is just freaking clueless.

        Har
        Mar 12, 2011 12:37 PM

        I wish Big All would stop taking about how great Bush was. It really makes him sound like a NEOCON shill.

    Mar 12, 2011 12:47 PM

    “Can you be a decent, honorable, man if you know your people are being economically raped, and pillaged and destroyed, and you do nothing to stop it.”

    Of course they did nothing to stop it. Hell, they helped ENABLE it! Bush, Clinton, Baby Bush, Obammie….nothing but puppets of the bankster, Wall St., Fed Res criminals!

    Mar 12, 2011 12:13 PM

    Al:

    I wish you would ask these resource company spokesmen (Randy Turner of Silver Quest, this time) the “tough” questions. There are a lot of these junior companies where the stock price either has fallen dramatically or simply isn’t performing. I sent you an email a while back because you had interviewed the spokesman for Northern Tiger shortly after their stock price crashed from 0.70 to 0.35. And you didn’t ask him the reason for that. Why? In the case of Silver Quest now, their stock price is the same now as it was a year ago, having fallen about 50%. Once again you never asked why it’s underperforming. It’s fine for you to ask about this project or that project and to have your guest talk about that. But the fact of the matter is that your listeners are investors first and foremost, and want to know about the stock price, especially if it’s way lower than it should be. To me, I don’t give a damn about what’s going on with the projects, ask them about the stock price please. Thank you.

    Har
    Mar 12, 2011 12:42 PM

    Bush being drunk in public during the Olympics was a classic – making a total azz of himself. Sexually harrassing Merkel by giving her a very unwanted shoulder massage. Drunk again during the G20 and pouring a whole bottle of bear into a glass that was all ready overflowing and soaking everyone at the table. Telling everyone to keep shopping all time.

    KP
    Mar 13, 2011 13:02 PM

    Did`nt Obama just slaughter 9 small boys in Afghanistan,kids that were gathering firewood? I guess it is a terrorist act nowadays…

      Joe
      Mar 13, 2011 13:31 PM

      Yeah, probably against the new global warming laws. Or perhaps those boys didn’t have the proper carbon credits. Maybe fake credits not bought from Goldman Suchs or Algore.

      Har
      Mar 13, 2011 13:20 PM

      At least it was in a country that had something to do with 9-11. Unlike “After all he try to attack my Daddy” Iraq.

        Oct 27, 2012 27:02 PM

        two disadvantages of the value comes light, the right to( )choose the two-phase benfeit. A folder to be the tail of the gecko already know how to give up the tail, the preservation of() life, let alone we are full of ()the wisdom of mankind? ! In everyone’s life, always ()have in the face of choice, a choice, there is bound to give up, we have to learn is to( )pay a painful price, to give up local interests and preserve the overall interests. In chess, there are not “abandoning single-car” this trick? As the saying goes: not old, not new. Sometimes, even ()the most precious things to know in good time to give up. When you( )graduated from junior high school, in the face of a sincere friendship, you( )will Yiyibushe. But think back, and only bid farewell to middle school, high school usher in a( )new life, can meet new friends. The recent shift is not on this? Finally, a celebrity’s life motto In( )conclusion: Life is like theater, everyone is their own lives in the only director. Only Institute of choice, people will know how to give up the Chewu life, Xiaokan life, the life Habitat has Seasky.

    Mar 13, 2011 13:24 PM

    section is not Al and Trader Rog about the fallout from the Japan situation …. was there a mistake?

      Mar 14, 2011 14:41 AM

      I was going to ask the same thing.

    Dan
    Mar 13, 2011 13:31 PM

    Seg. 1 – One often overlooked issue with regard to understanding the effect of additional dollars being injected into the system, and the subsequent effects of that inflation as it manifests itself in higher prices, is the “velocity of money”. The VOM is the speed at which new money is created, “loaned” into existence, and then actually works its way throughout the economy, person to person, person to business, person to store to bank, and back into circulation again, now having been expanded further through “fractional reserve loan making”. How does anybody really know how much money is really out there; in circulation, under mattresses, in cans in back yards, converted into gold and silver, stored in food bunkers, ha ha, just kidding?
    Thanks Al and Rog as always. Good work.
    Blessings

    WD
    Mar 14, 2011 14:57 AM

    Al you keep mentioning the conventional market will underperform the resource sectors. So explain to me why since this correction started teh HUI is down from 580 to 540, the TSXV is down 10%, TSX Gold index was down 5% last week. Uranium stocks are imploding today. While the S&P is down from 1340-1280…4% in total. I think you are completely off track with the conventional market.

      Mar 14, 2011 14:29 PM

      WD, Al doesn’t respond to many posts anymore, so allow me, card carrying member of the peanut gallery to opine. I have to side with Al on this. The HUI will magnify liquidity flows for two main reasons. First, the HUI is a MUCH smaller market than the S&P, and second, unlike the S&P, the HUI is in both a cyclical and a secular bull market. Combined, this results in large short term gains, and, therefore, large short term profits taking. Let’s go back exactly 10 years to March 14, 2001. The S&P closed at 1166.71 while the HUI closed at 54.36. Today, the S&P sits at 1296.39 while the HUI is 546.87. The S&P is up 10%, the HUI is up 1000%. This out performance will continue, but not necessarily in a way that is comfortable for you or me. Counter intuitively, history shows that some of the scariest declines happen in a bull market (today, gold/HUI), while the biggest rallies happen in a bear market (today, general stocks). Money is at stake, so markets are war, not a game. This is why the most profitable moves leave most investors behind. Investors/speculators must be able to recognize value where the market does not…YET. Incidentally, I believe that the HUI, which has gone nowhere for 3 years, is about to dramatically outperform the S&P. Could it scare us first? Yes. So you buy. I know I will. Fundamentally, ALL roads lead to gold (and for the next 1 to 3 years, silver too). The courage that comes with conviction is a real asset. Without it, this bull WILL throw you off. We succeed when we learn to approach the markets like our lives depend on it; rather than like a child who wants money for more toys. That last line is not directed at you, WD, it’s just my philosophy.

        Ken
        Mar 14, 2011 14:04 PM

        Al’s a big wig. He doesn’t have time for the hoi polloi. After all, he’s got to deal with the likes of CNN.