Politics and Precious Metals – Hang on to your hats! We get a little controversial this weekend!
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In this show Al discusses:
- Segment 1 – From Spain, James Turks discusses gold and silver.
- Segment 2 – More from Mr. Turk
- Segment 3 – From Washington D.C., Jeff Deist discusses politics, economics and the actions of the current administration. (Not to mention the previous administration!)
- Segment 4 – More from Washington D.C. and Mr. Deist.
- Segment 5 – Kitco continues to be the premier precious metals website. Kitco journalist Debbie Carlson’s interview illustrates why.
- Segment 6 – Ron Coombs, President of White Tiger Mining, provides listeners with an update on the Company.
- Segment 7 – Silver going down? Trader Rog says not to worry.
- Segment 8 – Big Al and Mickey Fulp begin a new weekly series designed to teach listeners the basics of geology.
- Click here to see the powerpoint presentation.
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
John Nadler,,, LAST years comments , were that gold was to high and overbought
and the market was temporary and we were at a high ,that was when gold was at about $960 (see the shows at the conventions around January where he debates the market with ???? can’t remember exactly who ,,,but , he sure was
not long term on the market, I thought that was strange at the time since he worked at kitco.(maybe he was trying to cover his case in the event the market
turned.down) I saw him more negitive long term at that time but , I guess he has gained confidence with the upswing.
Unlike you Al,,,you have not been wishy washy, but spot on for several years.
Jon Nadler basically implied when gold was at about $1300 that gold would top at $1380 and then go down 8% a year for the next several years – 10 years if I remember correctly. Interestingly enough, that would make gold average $941 over that period, the same average that Jeffrey Christian has quoted before – that might come after his forecast possible spike up to about $2000 maybe.
Jerry,
Please see my comment to James B.
Big Al
Hi James,
I have known Bart Kitner, Jon Nadler and most of the other folks there for a long time. I also don’t understand their bearish commentary. Jon, as an example, has not really been correct in his forecasts for the last few years. (This statement comes in a macro sense. On some micro issues he has been correct.)
I remember a few years back when gold was trading around $1050 to $1100, I was very bullish. Some of my collegues, including Jon, Mickey and Paul were feeling just the opposite.
My thoughts were based on both economics and political considerations. As a matter of fact, Kitco published an article which I wrote entitleed “The Perfect Storm for Gold.”
Some of my collegues did not agree with me.
Today gold is approaching $1600/ounce and silver is approaching $50/ounce. This is, by the way, after no major corrections since my article was published.
Am I the smartest most insightful guy in the world because of my “predictions” of a few years back? Nope, things just turned out the way I saw them. Did my thoughts and actions make me some money? Yep.
Regardless of your particular feelings about Jon, Kitco is still a great website for precious metal related issues. And, don’t sell everything that Jon writes short. He is a very bright guy who provides interesting commentary.
Rember, the philosophy of our show is to present both sides of every issue so that people can make up their own minds.
Does Big Al agree with everyone? Of course not!
Big Al
Two comments:
1.Your love affair with Kitco escapes me. Try going into a coin shop to buy or sell gold and silver. They price based on the real time prices of coininfo, not the delayed prices of Kitco. Also, the “contributed commentaries” on Kitco are generally yesterday’s news, which means I’ve already read the commentary elsewhere the previous day. As for Jon Nadler, please!
2. When interviewing guests please do not begin the interview with the words ” I may be nuts, but”. This makes you sound like a light weight and for that reason I don’t take you seriously. Please be more confident and leave your wife out of all discussions. If it were not for Trader Rog I probably wouldn’t listen at all.
Happy Saturday 🙂
1. Personally, I have no use for Kitco or the shill (Nadler).
2. In this world of poseurs and shill gurus, I welcome Al’s informal and humble approach. The REAL lightweight is the stuffed shirt, know-it-all like Bob Moriarity. Just think how nice it would be if he started with “I may be nuts, but”.
Focus on content instead of delivery, and you will see that Al has been right-on while so many of his colleagues were not. He and a few others (like James Turk and Jim Sinclair), who aren’t trying to sell a newsletter, keep it simple. Since protection is number one at a time like this, he is doing his listeners a favor with this approach. Don’t think for a minute that he’s unsophisticated in his knowledge.
I would bet that he mentions his wife out of his respect for her, not for lack of confidence in himself.
Hi Matthew,
Many, many thanks. Do I respect Kathy? More than I respect myself!
It is nice to be in a position where we are not selling a product. That is what makes this “circus” really fun!
Best,
Big Al
I think you have been a bit hard to our friend Al.
I regard Al as a friend in the sense that he has always had good manners, friendliness and humility in his shows that I have heard for 8 years, almost every week (only almost, yes Al(!) – but every week in the last year I am sure and practically every day recently.) Al was a key person in reinforcing my ‘nascent’ interest in precious metals and the economic issues involved. I also went on to Jim Puplava’s show, GoldSeek Radio then KWN, Jay Taylor, Dominic Frisby and others. The improvements to KEReport and Roger’s great recent contributions have made Al and Rog a dream team. I never left KEReport even though it did have a weaker period around 2007/8 – but it is now my GO TO show after all this time because of the good balance and the daily updates. Sometimes Al does take up a lot of time asking the question to the interviewee – but that just make me chuckle. I don’t see it as a cause for complaint! The show is a great free gift for us.
Many thanks silverbug (Dave)
Big Al
Hi Tommy john,
Okay.
By the way, I am definitely not nuts! I wish I were a light weight. I could stand to loose a few pounds.
Thanks a lot for listening. You comments about my friend Roger are spot on. He is definitely one of the most insightful guys in our business.
Best,
Big Al
Hi Big Al. I always listen to the weekend broadcast a couple of times. always good and thanks for the terrific views.
I think old trader Rog is correct! I can’t see anything good happening out of what is happening today. I bought silver & gold years ago as an insurance. kind of a security blanket, as i knew we were headed for “big trouble” Looks like a train wreck about to happen. I also listen to other broadcasts the dollar cannot come back. were up the creek without a paddle. What to do? Hopefully we can rebuild the country, money, politicts, & morality. I do not believe that money is the important thing to dwell on I have never seen a uhaul trailer following a herse. Something to think about huh!! I don’t know what precious metais going to do, but im going to have a great ride! all for now and thanks again.
happy day
fat ivan
Hi Ivan,
I agree completely with you about the train wreck. I just pray that it happens in such a way that there are no dramatic events envolving major suffering.
Human nature being what it is, I am not sure that is possible.
Best,
Big Al
Bob Moriarty is a total idiot and should be banned from your show
Hi George Martin,
Bob is an interesting guy. Definitely not a total idiot.
Notice he is not on our show.
Big Al
I want to show my thanks to the wrteir just for bailing me out of this particular challenge. Just after surfing through the online world and coming across tips which are not helpful, I believed my life was gone. Existing without the presence of solutions to the problems you have fixed by means of your entire short post is a crucial case, and the kind which could have in a negative way damaged my entire career if I had not encountered your site. That natural talent and kindness in playing with every item was invaluable. I don’t know what I would’ve done if I hadn’t discovered such a stuff like this. It’s possible to at this time look forward to my future. Thanks for your time very much for the expert and effective guide. I won’t be reluctant to propose your blog to any individual who should get direction about this situation.
Many thanks for the kind words, Aiko!
We do have a great family here!
Big Al
Hello Tommy John,
Hey my friend, your blind-sided attack on our good buddy Al is hardly justified. I like the fireside chat environment. It’s like having a great discussion and a good cup of cup with your favorite uncle. Going after somebody, who doesn’t deserve it, in a public manner is not classy at all. If it’s personal, you need to take that up with him personally, not out here for everyone to see.
However, maybe Big Al is simply taking the advice of his Creator to heart and trying to publicly honor his wife. By the way, that’s a great way to stay married. Look at what Solomon, the wisest man who ever lived, wrote in regards to a noble, industrious, honorable, exceptional woman. Proverbs 31 says:
25 She is clothed with strength and dignity;
she can laugh at the days to come.
26 She speaks with wisdom,
and faithful instruction is on her tongue.
27 She watches over the affairs of her household
and does not eat the bread of idleness.
28 Her children arise and call her blessed;
“”””her husband also, and he praises her””””:
29 “Many women do noble things,
but you surpass them all.”
30 Charm is deceptive, and beauty is fleeting;
but a woman who fears the LORD is to be praised.
31 “”””Honor her for all that her hands have done,
and let her works bring her praise at the city gate””””.
I believe that Big Al is being obedient to his Creator. I hope you don’t have a problem with that!
Dan
Dan…….Good reminder for us all, concerning wife
sorry. meant to say, “a good cup of coffee” with your favorite uncle.
I agree with Dan — it was absolutely uncalled for.
Hi Dan, Jerry and Bentnail,
God bless all of you,
Big Al
Geology presentation – Fantastic service/education for your listeners. Keep up the great work!
Thanks Manny,
I will definitely let Mickey know. Let me tell you, Mick really knows what he is talking about.
Best,
Big Al
Buying gold and silver is a very personal decision for many of us. For me I consider my whole family, not just myself and what profit I can make. Thank you Big Al and Trader Rog for your great work.
Hi Paul S,
I too consider my whole family and always have.
Best,
Big Al
I normally don’t comment on these things but I have to come out from lurkville to say this: Keep up all the great work you do Al. I look forward to listening to your show every week. I love your easy going, relational interviewing style. I think it puts people at ease and that’s the perfect environment for learning. And keep mentioning Kathy and your family who you’re so obviously proud of. That is a sign of a wise man to have such an amazing family. These things don’t occur by accident. I hope to see you in New York!
Best to you.
Kirsty
Many thanks Kirsty,
I will not be in New York. Too much traveling.
Please keep listening and commenting.
Best,
Big Al
Silver just took the smack down of its lifetime, Check it out!
DOWN $5, JUST A SHORT CORRECTION,GET READY TO BACK UP THE TRUCK
I watched the opening of Asian gold and silver trading. Gold gapped up about $10 on the start at 11:30 pm British Summer Time (BST) on Sunday night 1 May 2011. Silver ralled about 30 cents, then …
I was reading some articles and listening to a podcast. When next I looked at my trading screen I saw a huge drop on the silver chart. I coudn’t belive the scale running down the side. From about 48 to 42?!
Gold was down 20 dollars and SILVER DOWN 6 DOLLARS IN 15 MINUTES!
This occurred from about 23:20 to 23:35 BST. It was basically a vertical drop.
The price changes were (top to bottom from my chart):
Gold: $1577.51-$1543.67=$33.84 down
Silver: $48.177-$42.152=$6.025 down!
THAT’S ABSOLUTELY OUTRAGEOUS!
Of course, liquidity is probably thin; it’s the middle of the night in Asia after all. If you look at the latest COT report on http://www.traderdan.net, Dan Norcini shows that there are a lot of small speculators long at the moment – I guess they will have been wiped out pretty much by this move if leveraged.
If I switch to any other time frame on my live charts, even daily (covering the lkast 10 months) or weekly charts (going back to 2007), this 15 minute move shows up. The drop looks huge on the daily chart.
Is this why there are no limits up and down for silver now?
I meant the middle of the night in London and NYC, not Asia. It’s Monday morning there.
Dave Morgan, silver-investor .com,,, indicated that we would see drops like these
over a year ago,,, and this tends to shake people our of their positions.
weak hands…the strong hands take the opportunity if they are long the market.
good time to average in if you have not been in the market.
Hi Jerry, silverbug (Dave) and SLA Silverbug,
Trader Rog and I discussed this subject today on our Kitco Audio.
Thanks for the comments,
Big Al
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I find that kitco commentators such as John Nadler and Schmidt really do it a disservice. Although i love reading the commentaries and listening to the m, especially Mr Korelin, Mr Wiegand and Mr Turk, i find that kitco commentaries turn very bearish during corrections, especially in Nov 2010 and jan 2011.