BIG AL IS RIGHT ON!!!!

Yes there is a lot of anger at the banks but I will always say that the governments are allowing it because they need them to finance their campaigns and in the US, act as subcontractor to debase currency and crush the metals. The govt is the bigger enemy. Big Govt is exhausting our resources to finance their salaries, vacation days, bonuses and pension for life.

ANd they have allowed into the West, millions of people from poor countries who have no intention of knowing anything about the history of the West, but to exploit it and perpetuate their hatred and keep females looking like those sandbag creatures from Star Wars.

The OWS – what Ann Coulter calls the Flea Party: fraud financed by George Soros and his fellow travelers and helped by the worthless US media.

HERE IS A VIDEO OF THIS FRAUD by James Okeefe:

http://hosted.verticalresponse.com/743908/197637f55b/284969513/68f70b641d/

Roger, thanks for the intro to technical analysis. I would like to take a class from you. If you wanted, you could make it a webcast (like GoToMeeting) and have a telecon number to dial in. That’s how we uwsually train at work since so many us are in different locales. I did a quick search on amazon and it came up with the books you suggested with a few at a discounted price. TA would be interesting to learn, and as Big AL says, make his audience more educated in what we are discussing.

Big Al, a nice show again. I hope you can discuss platinum some weekend with a guest expert. I understand that the 3 major countries that have producing mines are having difficulties in keeping up with production levels. They are trending down each year and the mining process is progressively more challenging (older mines and not many new spots found). Plus for once, it’s finally cheaper than gold.

” I have meet the enemy, and that enemy is us..”…snoopie, charlie brown…1980

I just opened my Korelin Economics Report. I read the following: “You do not have permission to preview drafts.” So what is that for? I did find the reports, but why have that statement there? I’m sure many just deleted your web and never opened “The Report.”

I disagree that the problem of the US can be solved at the ballot box.
I see croney capitalism.
I see a political elite. Does not matter which party, insensitive to the needs of the country, pandering only towards re-election.
I see a President who thinks he is an emperor. Where in the constitution does he get to send troops into Africa without consulting Congress. On a trumped claim of National security.

I see corruption everywhere I look. I see kickbacks, illegal scheming for cronies everywhere. I see outright racism. I dare anyone to say the attorney general did not act on racist beliefs in dismissing the New Panther case.
I see flagrant violations of the law and the constitution and nothing being done. Don’t try to tell me Fast & Furious was not illegal and did not go to the very highest levels of government. Where are the shouts for investigation and impeachment?

Am I angry? You bet I’m angry, and that’s a gross understatement.
I see incompetent government and corruption destroying the US at every level: city, state and federal.

As a follow-up to Mr. Grandich’s comments: “A government big enough to give you everything you want is big enough to take away everything you have.”–President Ford (R) BTW, I visit his site often, and it’s a good one, too!

[…] Listen to sengments 3 and 6. […]

Ron Paul fans take note:

What else came out last week (during the Bloomberg Debate) was Herman Cain explaining how he served on the Federal Reserve under Greenspan! Boy, is it ever a small world. Anyone who thinks Cain is going to change the course of American is uninformed.

And yes, Mr. Weigand, our elections are a joke–an unending kabuki dance.

Al, I think your thought on the political outlook,,,and pm.” PERCEPTION” is correct. YOU say “if , the political- market looks better…” YOU ARE correct BUT ONLY SHORT TO MID term.

Polically..it will not make any difference in the long run who wins or which party wins.
Historically, you have to go back to 1837,,to see the polical difference….
The REBUBLICAN-DEMOCRATE IS THE SAME PARTY…(since that 1837 time frame)
the two headed snake….one body same agenda.
IF, this statement being true,,,it will not make any difference to the outcome of the election
which party wins ,,they are the same party,,,The election is just a delay in the eventual outcome and the outcome..is for precious metal to go higher than most can imagine

I believe Roger is correct in the
long term.via all the technical,,,wave theory…charts and graphs…but, I think the POWERS BEHIND THE SCENE,
.So, this is why both of you are CORRECT…..AND THEREFORE,,, important to the entire discussion as
to where we are and where we are going…
Time frame by either of you will be altered by the “POWER BEHIND THE SCENE”;
which can read what you think ,,but, you are at the disavantage , that you do not
know what they think…
WE ARE THE PUPPETS AND THEY HAVE THE CONTROL OF THE STRINGS..

Yes, immigration is a LARGE part of the problem and why the West is under attack right now. The immigrants want what we have, but cannot be a part of who we are. The elites like this because it depresses wages, decreases political and social unity and makes a more controllable populace– for awhile anyway.

However, I feel that the banks and financial elite ARE to blame for these continued crises even though our politicians are culpable.
Real prosperity and rising living standards have not occurred since the 1980’s. Look at median wages in real terms— they have not risen in 30 + years.

As for the junior mining sector, I’m starting to feel like its completely disconnected from the POG. Hearing what is happening to gold seems to have no connection to the stocks. Its like its completely irrelevant. Gold up 10%, stocks up 5%. Gold down 10%, stocks DOWN 20%.

Wash, rinse, repeat.

Here’s a page worth printing out on tech analysis:

http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:john_murphy_s_ten_laws

It summarizes Murphy

And lastly Big Al,
Best wishes to your daughter and her marriage. And some advice!
In this day and age, where so many people think and behave as if “I and me” are the most important words in the english language, I believe it is vital in any marriage to think “we” and not “I and him”

Trader Rog; i live in London but would give serious consideration to any training course you may run in the US in the future. The info would be priceless! At the very least, a 100 page summary of TA would be great.

Big Al,

Just a few observations on the “useful idiots” masquerading as Wall Street protesters;

If these people are upset about their college loan debt, they should blame themselves. The Banks did not force them into expensive 4-year schools nor did the bankers coerce them into taking out loans.

If the protesters are angry about bailouts they should be protesting the guy who signed off on the paperwork – hint, he lives in a big white house in Washington, DC.

For years, Left Wingers have promoted themselves as America’s smarter demographic. If this is true, the protesters should have no problem building their own businesses, competing with and then taking market share from the institutions they disapprove of.

If the protesters are so bent out of shape about how people pay taxes, then they should decamp Wall Street immediately, set up shop at the IRS and demand a Flat Rate Tax for all- this is the only fair system.

Al, at the end of the day this “movement” will be exposed as a scam and the “protesters” will be left with little more than the stale remains of a bag lunch and a complimentary George “let’s wreck America” Soros t-shirt to show for their efforts.

Enough already with the “predatory capitalism” term, please! This sounds like some naive 19-year old in a class discussion in some useless college “political science” class. You make it sound like these bankers were forcing people to take their loans. The fact is, if rules are established, be they moral, immoral, or amoral rules, people are going to take advantage of those rules. In this case, our stupid government provided implicit and sometimes explicit backstops for bad business practices (loaning money to people who could clearly not pay it back). What would you expect to happen under those circumstances? What should have happened in this case is that the stupid lenders should have gone bankrupt, instead of being bailed out, the lying borrowers should have gone bankrupt and/or prosecuted, instead of being allowed to live in houses where they are not paying their mortgage payments, and government should have minded its own business. The root of the problem here is government and the Federal Reserve, the unintended consequence being what you describe as “predatory capitalism.” Opprobrium is more aptly directed at government and labeled “asymmetrical socialized capitalism,” defined as: I make a bet. If I win, I win, you get nothing, but if I lose, you get the bill.

Peter Grandich was right on all things he said. Well said Peter.

Al, I am so glad and not surprised to see that you now understand that Taxes is not the solution to US Government problems because no amount of taxes even if it were 100% of everything everybody earns or makes would solve the government debt. Fact is the Governments, and I use that in plural, are bankrupt and will go bankrupt in this accelerating order along with a loss of order accordingly, 1st the Cities, 2nd then the Counties and Municipalities, 3rd the States and finally, 4th the Federal Government. How the States handle bankruptcy of the cities and municipalities will determine their outcome, and how the Federal Government handles the State bankruptcies will determine its fate. As this proceeds far enough, which will with present politicians and people in government offices result in a fail safe national point where the US separates into separate nations. I do not think a civil war will ensue because there will not be enough unity to engage in one. Some revolution type fighting will happen, but this will be revolution not civil.

I do not want to see these things happen, but it will if people in America do not stop their madness.

Trader Rog: I’ve been a Trader Tracker for about a year and find your thoughts, advice, tips and training invaluable. When you write the book, I’ll be first in line to buy it. Just hurry, the Huns are at the door.

Hi Al,

Congratulations to you and your family of your daughters marriage and best wishes to the bride and groom!
The Wall Street group is the product of American School system which has an agenda of dumbing down of America. They are incapable of thinking for themselves or cleaning up after themselves. Their behavior is both irrational and ignorant, protesting for bigger government which is the very thing that caused their unemployment. To top it off some of them are being paid by the working family party which is a communits group. Here is the add:
http://citizenwells.wordpress.com/2011/10/10/occupy-wall-street-obama-acorn-working-families-party-protestors-craigslist-ad-acorn-helped-create-mortgage-crisis/

BIG Al and Rog,

Thanks for the intro to tech. I see that Bud is already in line for the first copy. I’ll take the second!

Problem is Wall Street OWNS Washington. Protesting Washington is akin to complaining to the workers and not the manager. It’s futile! It’s time the true directors of this disaster are targeted. (just my opinion)

I have reminded members of this blog that the center of corruption is Illinois and that the last 5 out of 6 Governors of Illinois have gone to jail for corruption. (Or is it 6 out of 7?) Well the last on was Rod Blagojevich. The trial of one of his compadres is now under way:

http://www.chicagotribune.com/news/local/ct-met-cellini-trial-1012-20111012,0,6167122.story

Cellini’s trial will show how Acorn shook down people for contributions.
Acorn was, of course, Obama’s group.
Not wishing to upset Big Al, I will not describe my level of loathing for the Corruptor-in-chief.

2010, the federal government collected $2.2 trillion in tax revenue and spent north of $2.5 trillion just on those three programs– already $300 billion in the hole. Everything else– the post office, Homeland Security, the FAA, the FDIC, even the light bill at the White House– is funded by debt.
That includes the most peculiar debt-funded item– interest on the debt. The US government has to borrow money just to pay interest on the money it has already borrowed. This is unsustainable, it’s simple arithmetic.
Simon Black in Sovereign Man

Once upon a time our leaders were honest and brave, and the Republic flourished. But nowadays the virtues of the founding fathers have given way to corruption. The Republic is experiencing political and economic turmoil. Some even argue that it has entered terminal decline and will soon be supplanted by upstart rivals from the East. If they wish to avoid this dark fate, the citizens of the Republic must rediscover their ancient virtue.

Thus spoke Marcus Cicero some 2050 years ago.
(Plus ca change, plus ca la meme chose!)

SUNDAY NITE NEWS….HAS ANYONE NOTICED…….SILVER TO GOLD RATIO 52 to 1
something is about to happen…

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

– John Maynard Keynes, Economic Consequences of Peace

Yes Roger You should write Book you are ” Rock Star ” of technical analysis
and I’m your number one customer

YES ROGER I WOULD BE INTERESTED IN THAT TECH. ANAYL. BOOK IF ITS UNDER 100 PAGES.

Thanks for the info about Rye Patch Gold. From what I read online, looks like Kinross has a huge part of the company also. Something like 60% of the shares are owned by insiders, Kinross and other big investors.
The price seems really cheap especially when you look at the prices of other mining shares with less gold/silver.
Thanks
Dagen

AL, or the other listeners.

Please post a direct link to Grant Williams (“Things That Make You Go Hmmmm”) newsletter. Not much direct luck when you google it.

Thank you, great show as always.

Al,
what about having BOB MORIETY(321 GOLD) back,,,to speak….
I know some of the listeners from the past ,,PO BOB (not meaning mailed)
but, he did have some good info and a great call on silver parabolic move…
You might mentionto him, that some of the listeners do read Bob’s 321,(along with yours of course),and think he is a great listento,call it like he sees it type guy…(no BS) not british solvern
thanks

NGD to Acquire SQIFF
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=45285911&topic=SQI:CA&symbology=null&cp=null&webmasterId=500
Offer values silverquest at US$1.32

Drop in gold today was american arranged……..they had to wait until London closed!