[…] Listen segment 6 […]

All the best to you and your family this holiday season, Al Korelin.

The generosity and magnanimity of the people of Tennessee never ceases to amaze me.

And I love the studio dogs! 🙂

All the best to you and your family this holiday season, Al Korelin

I am worried. I live humbly and nobody knows how it will all end.

Too much headwind, bearishness on the PMs which is hatred of it by MSM financial pundits and PM dumping by European banks and evil American banksters squashing the PMs.

I just feel doomed at the moment. I hope we see printing and a lot of it.

Awesome show but Moriati needs a reality check. Merry Christmas to all.

CORRECTION: I meant Marschall needs a reality check, Moriati is right on que.

Regarding segment 4 with Bob M. –> http://youtu.be/qymIXlcO3JY <–

Listening to segment 6, Merry Christmas to all.
Lynn

In The Great Depression of the 1930’s at least The US was a creditor nation, they were still under the umbrella of a gold standard and they didn’t have to face the Asian manufacturing machine, instead of having a “CRASH” we will be facing “AN IMPLOSION”.

As to the speed we go to some kind of gold standard I am inclined to agree with Rickards. Just out of interest a week or so ago I read the U.S. gov was selling fewer silver eagles didnt get it confirmed and unrelated report a fellow in Asia was saying demand for silver dropped off there too. Today on KWN the metals rap reported an abundance of silver on the market. Makes sense to me as I see people forget and laugh at silver when it goes down and buy when it goes up. Line ups perchasing in my town last week.
Anyway there could be a long way to go before a gold standard comes about, I still think the “dark side” power is underestimated. Bobs example of Obomas “I can throw away the key on anyone I want for no reason” law is a great example.(more proof of evil required?)
Ron Paul could litteraly be the last chance, I hope enough people see and believe that enough to start working at saveing the states and the rest of us.
Big picture gold dont matter, the election does. imho
good show Al, thanks

May god bless and good luck next year.

happy holidays to you al & family! funny, i listened to seg 5 expecting to hear about timmins & heard about int tow hill & listened to seg 7 expecting rye patch & heard about timmins? oh well, nice to hear get your emails all year!! thanks for that!

Al, I’m with you all the way when it comes to being absolutely disgusted with what’s going on in D.C. But I’ll save my payroll tax rank for another post–probably sometime in the next month or two, when the clowns return to that Three Ring Circus.

As far as Obama, burning the Constitution, it was Bush and his elephants that put the Patriot Act upon the people. Now, anyone (especially political dissidents) can be labeled terrorists, rounded up and made to disappear.

Even so, let’s step back and analyze unemployment numbers being the lowest since 2008. Yes seasonality (temp. hires in retail during the Christmas selling selling) has a lot to do with it. But the same seasonality affects were there in 2008, 2009, 2010. Do you catch my drift?

Yep, BJ

I do catch your drift and you are correct, but I have to stand by what I said because my argument does hold true when you compare the current numbers to the numbers of the past few months.

The ability to round up and detain is really scary. Much more so than most folks realize!

And, yes of course, this was all started way before the current administration.

All the best,

Big Al

This won’t be popular, but I have to say that I do not believe we will see any serious decline in the Dow for 2012. In fact, I believe we are very likely to see the nominal highs of 2007 challenged. While the economic backdrop may not appear to support this position, other factors do. First, the big picture, as seen on a 20 year monthly chart, is hardly ominous looking. The five month decline this year only managed a “382” Fibonacci retracement of the rally that began in March 2009. This retracement also served to retest the 2010 break above resistance going back to the highs of 1999-2000. The action since the decline ended has been very bullish. The powerful reversal in October led to a bullish engulfing pattern. The RSI and CCI both bottomed near their midline, 50 and 0 respectively — nowhere near a sell signal for either. The MACD looked like it was going to flash a powerful sell signal, but the “cross” was weak at best and is now embedded (bullish). The TRIX (15,9) is beginning to flatten out in positive territory, sell signal averted.
Now consider the Dow component cash levels, credit ratings, dividend yields, and stock buyback programs, and you arguably have a more appealing investment than any sovereign debt. There should also be a demographic “push” developing as baby boomers increasingly seek a yield. When the T-bond market begins to crack, a portion of that tidal wave is sure to flow to the Dow.
So, while I’m bearish on the economy, I’m even more bearish on the real value of the dollar. As long as the dollar collapses at a faster rate than the economy, the Dow is likely to rise. Remember that each time we see a new high for the Dow, the dollar gets cut in half versus gold to achieve it. When the Dow went over 14,000 in 2007, it was worth about 18 oz of gold. If we see 14,000 in 2012 and gold at just $2000, that’s only 7 oz of gold. In terms of gold, the Dow is currently as cheap as it was in 1992. The REAL decline in the Dow will continue, but the next big nominal decline could be as far out as 2015 or 2016.
I’m not privy to the plan, so any number of developments could upset my applecart. But I do think it is a mistake to underestimate what coordinated central bank action is capable of. It is also nearly always a mistake to get caught up in widely held views.

To a lesser extent, the above also applies to the S&P 500.

I hold no Dow stocks and am much more bullish on gold and the miners.

I disagree with what Marshall Berol said, about 80% disagree. I don’t think Mr. Berol is right about what is happening in Washington and I certainly do not think he is right about what will happen. It is fine to be optimistic, but it is more important to be realistic.

The problem in the US is attitude of people, most specifically those on the inside.

Al: you are 100% right about Obama showing not one inch of leadership by going to Hawaii this season and spending way too much money when the vast majority of Americans are hurting. Mr. Obama is not a leader and never was a President. The protests will not be subsiding next year and things will get really bad. But look, from my perspective all the protesting, anger and just wait until next November, you are going to see a change like not seen in over 100 years in the US, these things are signs for optimism to me. If people just sat back and believed things will get better on their own, they won’t because that is not how realistic change is made.

Hi Al,

Would you be so kind as to provide your opinion or view on on Hecla mining? (HL NYSE) they recently had an accident at their Lucky Friday mine.

James Turk is a most welcome fixture to your show and a fountain of PM insight with a fascinating historical perspective. Would you consider asking him to discuss the corrections that occurred in the 1970s gold bull market and their presumed causes? I think having such a historic perspective (especially on the etiologies of the corrections) would be valuable to all.

While I am making up this Christmas wish list for future KEREPORT shows, I wish that Trader Rog would grace us with a sage discussion on the impact of high-frequency trading on technical analysis. Has it made technical analysis more complex? or less predictive? or obsolete?

Finally, please keep Peter Grandich at it with his appearances on your show. I find his sessions with you hopeful and generally uplifting.

Merry Christmas to all!

Happy Holidays to all! 2012 will be very interesting.

A rant that wakes we up every morning at 3 AM!

Mr. Moriarty is on the right track I BUT… I’m starting to believe it’s a vastly deeper and darker hole we are falling into.

IMO all fo those TSA dollars spent since 2001 are not wasted but another tactic to a greater strategy in this great CONFIDENCE GAME:

On Zero Hedge see the excellent thesis (2 parts) by COGNITIVE DISONANCE. It’s a chilling romp into MAYBE but reads with too much coincidental possiblity to be totally discounted I’m thinking.

In addition, to those very prescient words I would like to add that we think of an INTERNET HOLIDAY in addition to a BANK HOLIDAY courtesy of the PTB (bankers and their handlers – yup, bankers and politicians are the street muscle that are visible and get their hands dirty – look beyond their level for the real DONS of the world – yes Dorothy, there is an Oz).

The Oz Mob.

INTERNET HOLIDAY: Under HomeLand security authority, all servers are turned OFF. The value of our stocks or bonds or warrants or ETS or whatever disappear instantly when the screens go blank. If you can’t touch it – it is and was just a promise (again that confidence thing). and when the reboot occures – the legal battles begin (another confidence game).

Legal? Corzine and MF??

THoughts on this Christmas day?

Question: High frequency trading and tech analysis: Day traders and some swing traders 1-2-3 weeks; always use tech analysis with good programs providing instant information. The largest funds use even faster tech stuff pre-progarmed to trade based upon market reactions. They own T-1 lines direct to the pits and can trade faster than anyone with pre-set decisions programmed into the mix. Pre-programmed trading runs the markets. The trick of it is to understand where these guys are going based upon markets and potentials in pre-programming. For us smaller traders, spreads remove a lot of the risk and enable traders to stay in the trades and not be stoppe out. We are long our usual spread trades until the end of May. Thereafter in 2012 I will be re-calculating all to see where we go short for the balance of 2012. There may still be PM trades in the 2nd half of 2012 but I want to see the outcome in the first quarter of 2012 before placing trades in the second half of 2012. More and more techies are winning. Fundamentals are too slow and non-reactive. We are teaching a class on 4-26-11 in Tempe AZ on technicals and fundamentals for traders and investors. – Traderrog

I wish you would comment on the sudden drops in 30-day gold lease rates to negative on Dec 2 and again on Dec 7 which coincided with the beginning of the final pullback.
http://www.kitco.com/charts/popup/au0030lrb_.html