From the 2013 California Resource Investment Conference
Click download link to listen on this device: Download Show
In this show Al discusses:
- Segment 1 – Al and Jeff discuss the sequestration impasse in Washington and the effects on markets.
- Segment 2 – Rick Ackerman has a great offer for listeners. He discusses his two day online seminar.
- Segment 3 – John Burges, President of Northern Freegold, discusses his company’s recently announced preliminary economic assessment.
- Segment 4 – Jeff talks to Daniel McAdams about defense spending and supposed sequestration cuts.
- Segment 5 – Peter Grandich gives his views on the short to mid term potential for precious metals and the related stocks.
- Segment 6 – Al, Jeff and Trader Rog discuss the precious metals market.
- Segment 7 -Many listeners are concerned about the resource sector and the conventional sector of the stock markets. Frank Holmes provides a great perspective to Big Al and Jeff.
- Segment 8 – Trader Rog discusses currency wars and gold.
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
and record numbers of jobs….hahaha hhhhaaaaaaaaaaaaaaaaaaa. cant these people get it into their thick skulls , they ARE NOT living on planet ZORG , they are living on planet Earth
Irish……they are out of their minds….therefore ,out of their minds, means they are in outer space(remember it is impossible to occupy more than one space at a time) therefore…….,means they must be from planet ZORG …..
JERRY …Thank You for that lesson in Physics How are you & your family , well i hope.
hello…Irish….just completed my honey do list for the week end……thanks for asking, I am doing great, hope all is well on your front….keep watching, someday maybe we can get together over a beer ,,,,or two……..ootb jerry
People on this site are still living in what Winston Churchill described as the wilderness years.
I hear from others all the time that they can’t buy gold or silver because they don’t know anyone else other than me who does that.
They will be the same people I will be selling to when the tops in gold and silver are reached. I can hardly wait to hear how great an investment gold and silver are as they pay outrageous prices, because they won’t listen then either. DT
I love the wilderness…..hard to argue with anyone in the wilderness, therefore you can always be right in the wilderness……
JERRY ….Nothing in life would give me more pleasure than to get together with you , & everyone else on this site , for a good piss-up if i ever win the lottery it’s all on me , how does a trip to Ireland sound ?
Ireland sounds like a great place to visit,,,,and maybe start a potato farm…., from there we can start making Irish Mash…
I would only leave Canada if I could bring my Irish tabby along, when he walks his tail fans out and stands straight up, so I gave him an Irish name it’s ……..O’Toole! DT
[…] Listen to the show HERE! […]
AL…Re seg 8… i dont see a black swan event , it’s worse, i see a black “ALBATROSS”
I am still bullish on the metals, forget the manipulation & the propaganda .
They are trying to turn us into Kitten’s…….meow
Dan McAdams makes a lot of sense regarding the military. Unfortunately, this is contrary to current political thinking. Ron Paul tried to push this agenda and we saw what happened to him. The military will NEVER be cut, the military industrial complex is WAY to powerful. JMHO.
Hi Bobby…..Sad to say , i have to agree with you , its not just the military industrial complex , it’s also the war hungry plastic generals , it’s time to put them out to pasture .
Bobby…..I think you are correct…..we might have had a chance, if our parents,,believed IKE E…., but, they were asleep at the switch…..and of course they all told us about the toothfairy…..ootb jerry…..
I think that chance was JFK. But people quibbled just as they did about Ron Paul.
After they showed they had the power to eliminate presedents at will, opposition stopped. Now they are so strong they can allow people like Ron Paul or all the evidence about 911 to be shown, because they know it doesnt threaten them in the least.
benb…….i agree……..it’s a fucking strange strange state of affair’s , 911 i have read thousand’s of pages , listened to many experts …..& the only conclusion i can come to ……………….IT WAS AN INSIDE JOB……………For the sake of the American people , i hope i am fucking wrong……………No i am not sorry for the language……..I like to to call a spade a spade .
Of course it was “inside” tony, they used it to start the good “war on terrorism”.
And now we are much better off, any 10 year old kid that takes a plastic gun to school is a criminal and those kids better learn to smarten up big time and get those permits and licenses for their tax evadeing lemonaide stands.
Not to mention what they do to kids at airports. These people are of the highest morals and I am going to feel ever so safe with 30 thousand drones flying over us.
God bless America, and hurry up about it because the dark side has gottem by the short ones.
The military should have been scaled back after WWII, the true cost of their interventions will be severely felt when The US loses it’s reserve currency status and the money for the military must be paid by US citizens alone. This has been a tax on the whole world and it has bankrupt the majority of the planets governments that are working for the US$. DT
Dan McAdams makes a lot of sense regarding the military. Unfortunately, this is contrary to current political thinking. Ron Paul tried to push this agenda and we saw what happened to him. The military will NEVER be cut, the military industrial complex is WAY too powerful. JMHO.
ROGER W…..THANKS FOR COMMENTING ON THE SHOW, GLAD TO HEAR FROM YOU….. please come back more often……miss your input……ootb jerry
When we look at the markets whether on a short term basis or long term basis, probabilities should always be entertained. We’re always indirectly considering that when we talk fundamentals based on the best available information. Also, it’s a consideration when you look at usual technical analysis and its’ nuances. Now that the PM holders are considerably depressed and downtrodden; what are the probabilities in the technicals of the PMs. I believe they’re still with us. Some of the major technical supports have as yet not been compromised. The odds are still with us. True, some of the shorter term technicals have broken down but some of the longer term technicals are still in place. Until they break down, we’re still in a “safe place”. The odds based on some long term technicals are that the PMs bottom in the next 2-3 weeks and we form a basing period over the spring months. I still believe that we will move slowly sideways to higher into the fall months and then higher from there. I will take that stand until major support is broken—if major support is compromised then the odds change. As for PM stocks, they still have some work on the downside—–not a whole lot but some work. True, for the PMs, the momentum indicators are still pointing down but they can turn neutral at any point in time. Once they do, I believe they’ll be signalling an end to this downturn—that’ll have to happen in the next 2 weeks to avoid a breakdown of some major support. I believe that will happen—based on probabilities backed up with fundamentals. Based on TA, the odds are that gold this coming week will challenge $1525.00. The probabilities are that should hold and then we’ll be in a bottoming process from there. Just remember; the trend is your friend and at this time the trend is still with you until proved otherwise. I believe personally the next few weeks will be time to put your assets to work and I’ll be doing that myself since we’re at some very important long term support areas—-the risk/reward is high, however, they’re limited since if the long term support is compromised one can sell out of their positions to limit their losses. I’m of course not an investment adviser but just commenting on what TA is currently holding out in its’ palm.
THANKS, Doc!
Doc: The questions are: Should technicals break down lower, what will those who are moved by technicals do, for them fundamentals are complications but will that make a difference their decision or not? How many in the technical camp are left to move out of positions? The other side those that are positioned by fundamentals, what will they do should the technical side evacuate?
But the bottom line question is: Will the dollar, its government and power be able to stay up on top of all things in motion for several years more, or will it slip and fall?
clay……We are living in a corrupt , manipulated marked , technical… fundamental, what difference does it make……so long as the people driving the car , have their hands on the wheel they can steer this car in any direction they choose…………..
But in my opinion they will take the fundamental corner to too fast & lose control.
Concerning the dollar—-you can bet if our trade balance worsens more then it is due to the race to the bottom with their currencies by multiple sovereigns, this government and Fed won’t endure it and would do everything in their power to compete more for our currency debasement.
Doc….there is some great TA over at KWN….(KINGWORLD NEWS)…..check it out…the info just posted today…..
Thanks, I will.
Obama is simply putting his wishes above the best interests of the country. This person does not deserve to be president; I despise the piece of scum that seems deliberately to be intent on destroying the US and doing it more effectively than Bin Laden. Are you sure he is not an American-hating marxist muslim? If it walks like a duck….
He IS an “American-hating marxist muslim”. Has been long before the election. This was pointed out 6 months prior to the 2008 election and it made no difference. He is and will continue to destroy the U.S.
GATOR…..u are spot on…with your comment on BARRY…he needs to stick to his basketball, and golf….
Hi cfs,
Our President is a Muslim and we are buying Muslim owned oil, and not drilling are own on govrnment land. Best to you.
cfs……you are exactly correct…on Obama…BARRY S, without a birthcertificate,
SO GLAD TO SEE PEOPLE ON THIS SITE ARE AWAKE…..THANK YOU “AL” FOR ALLOWING US TO VOICE THE THE TRUTH ON YOUR SITE…….I GO TO LOTS OF OTHER SITES , & I AM PLEASED TO SAY PEOPLE “ARE” WAKING UP.
Three reasons we can’t balance the budget by returning to the budget of 10 years ago or any other way: Cronyism, Nepotism and Bureaucratic Perpetualism.
The statement that aviation will have to be reduced by the sequester is a ridiculous deliberate choice. Considering how small the cuts really are compare to the size of the budget, it would be relatively easy to cut government inefficiencies and waste to meet the spending reductions. The choice, however, is politics, in deciding to inflict the maximum pain on the general public. Disgusting. It is so sad that the average citizen is so dumbed down by the poor quality of the educational system that they believe the lies fed to them when it is obvious the financial promises of the government cannot be sustained without growth and so much time is being wasted when we could be working on fixing things.
Notice Obama is NOT screaming about cuts within the Dept of Trans. for public mass transit, AMTRAC or high speed rail. Also, no threat of cuts for all those biking and hiking trails. Nope, just air traffic controllers.
bj….he is only worried about the air clearance, because he might get stuck on the runway, by the backup…..
NO….JERRY………….HE NEED’S MORE AIRSPACE FOR HIS DRONE’S
they say, that they want to launch 10,000 drone,,,,who is going to watch the drones…..I guess it will be Obama’s cousins from Kenya, I understand they have said they will” work for food”……
Ancient Astronaut Theories might recommend we shoot them down as UFOs, especially if they’re flying below the aviation easement above your private property and no search warrant was served.
Re: Gold.
You guys really need to look at Maguire’s comments on the Kingworldnews.com blog.
I told this forum a couple of days ago the price in Hong Kong was higher than London and the US, indicating a shortage of supply.
THIS IS NO BUBBLE . We are about to see the physical market blow up. This is not years away.
While everyone is focused on gold, it is silver which, I believe, will blow up first.
cfs…I have to agree with you , with regards silver , from what i can see all the small buyers of silver out there , (& there are millions of them ) are buying on the dips , also more & more people in China & India , & i would hazard a guess across Asia are turning to silver , because Gold is out of their price range ,i could go on for hours making a case for silver but i would only be repeating what most people on this site already know .
ditto…on the silver
CFS,
I think you are absolutely spot on! Jeff, you are one articulate dude…but, the bubble question was a little out there- my friend. There is ABSOLUTELY no evidence or trading/herd psychology fundamentals that point to ANY type of bubble in the PM market.
I predict the futures market will blow up because of failures to deliver.
When this happens there WILL be failures of several firms like MF Global. This time as it happens, the physical market WILL TAKE OFF. It is possible that there may be a violent price fluctuation as the futures market is in its death throws . The writing is on the wall and not far away.
Do you think you will be able to pick up good mining shares cheaply when the physical market takes off? Selling will dry up.
Soros and Paulson did NOT sell off.
Turkey is not a big buyer of gold; it is Iran doing the buying via Turkey.
(I did not say Turkey is not buying. They are, but most is headed for Iran.)
Your right about Turkey gold and Iran from what I have read.
The americans are trying to stop that too.
I wonder if the americans are not driving countries in that part of the world to use gold over the american dollar.
I agree that PMs are going higher. KWN says the premiums are big in Shanghi?
but cmi has been saying for a week or 2 that sales are slow. I have never seen any sign of shortage having options as to where to purchase from. Just seems to me that not everyone is buying PMs, especially in the west. People used to talk about when the “average guy” starts buying is when the prices go balistic. We are a ways from that, there are options to gold for money, buisiness real estate for example.
I still havnt even met anyone in passing that knows gold is money, the vids are still showing people passing on gold/silver for a coffee etc.
So we have a ways to go. But I do think a bottom is in.
Mr Bob is a smart cookie, even if I do continue to lose on some of his picks. lol
Al: The Chinese are not buying much treasury debt and they are not funding the US. Where in the world are you getting that?
I have read that China started to stop buying Treasuries at the point that the long bond interest rate moved up about two weeks ago. I have also read they are still buying very short term treasuries to keep the Yuan rising at a SLOW rate, to maintain their exports.
There is clear evidence much of China’s excess dollar reserve is being used to buy gold and US and Canadian companies; as this also gets rid of dollars and keeps the Yuan down.
CFS,
Again, exactly. The international dominance of the DOLLAR is dying. There is AMPLE, ample examples everywhere. When the game is over, all those dollars that werent able to find a home in internation settlement for REAL ASSETS will come flooding back home. Domestic disaster in COST PUSH INFLATION will rear its ugly head.
Clay, there was a story on RT last week that said the Americans intended to put sanctions on China if they didnt stop the cyberattacks. How that would work I have no idea. Then the Chinese came out stating they like the american dollar.
I am missing pces but thats the gist. Right after that the dollar got stronger.
benb, Who really knows and why? Probably know one actually knows why, not even those in China and the US who are doing these things. Basically I think all of this, cyberattacks, money printing, currency wars and even the manipulation of PM’s, currencies and equities is the result of excess debt based money concentrated into the powers of the very few such as banks, governments and big corporations which are trying to push things in the direction they want. Problem is all these governments, big money centers and bankers want something different.
People like us and all of Al’s guests speaking are trying to figure out what these people in power are going to do, which is really hard considering the fact they the people doing it probably don’t know what their doing. For example we read the Fed minutes and then hear various Fed governors speak without synchrony. The US Senate and House is completely polarized with practically no agreement, which is why power concentrates into the white house.
All of these things are causing a concentration of wealth into the hands of a very few while at same time the vast majority, 99% become poorer and poorer world wide. Marc Faber who travels extensively has been mentioning this and he does not know exactly how it will end and certainly no idea when.
My instinct tells me that all these things will accelerate economic and social dislocations in the same way that highly managed complex systems become increasingly unmanageable. In this respect we can expect to see the Central authorities in the US loose more control the greater they try and maintain it. And because it is a first time in history world wide event, no central government can stop it especially when they part of it.
I might add, that anyone trying to time all these rapid changes are going to get older faster than the conclusion is known. So it is probably much wiser to look into the longer term depending on the years a person has left, and live and plan accordingly.
Sounds logical Clay. Might be best just to save in PMs and forget it.
Cfs I have read the same thing about Chinese purchases. Makes total sense to me.
Re: Segment #1-
Al your generalized question “Why don’t our leaders realize the gravity of the situation….and do something about it?”
The question assumes the “leaders” have the country’s best interest in mind.
Why is it that they not only do not get it but they consistently do the exact wrong thing?
Why do these “leaders” ignore the Constitution to which they took an oath to follow?
Could it be that our leaders have a different philosophy in mind?
Could it be they ignore the constitution because they believe “the ends justify the means” trumps the constitution?
Below are simple oaths required to be entered without evasion by our “leaders”:
Oath of President as provided in Article II, Section I
“I do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.”
Congressional oath taken at the beginning of each new Congress….
“I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter.”
Al…our ‘leaders” in DC might not read the Bills they vote on but they were required to at least mouth the above oaths. It is obvious our leaders are consistently violating their oaths..why? In order not to let a good crisis go to waste they have to first cause a good crisis. When our leaders…consistently ignore the plain language of the Constitution…consistently do the exact wrong thing…could it be their true oath is not to the constitution but to “the ends justify the means”?
Our founding fathers saw such a day coming and this is why defense of the constitution was to be sworn to from even from the guy standing next to you. The high irony is that “our leaders” have now made policy that suggest the guns of the state should be aimed at defenders of the Constitution.
The requirement of defense of the Consitution is an affirmative requirement not a passive suggestion.
So follow this…… our leaders violate their oaths by failing to defend the Constitution and not only do they not get called on this they criminalize those that desire the Constitution to be followed.
SHOULD it be clear to us is that “our leaders” are enemies of the constitution from which it should be defended?
Could it be that somewhere along the way there was not only a bloodless coup….there was a coup that no one even bothered to announce?
DENNIS….I can see the day when there is a counter-coup , by the people .
Not just in the US , but also in Europe , When that day comes , GOD have mercy on us all .
There is a balance between doing nothing and causing harm. We cannot ignore those effectively organized against our interest but care should be taken not to organize ourselves against our own interests.
Why is it you can rally the masses easily and most often against their own best interests?
It reminds me of James Dines truism in his book Mass Psychology when he illustrated
“The Secret Desire of All Gamblers to Lose”:
A further illustration:
I agree completly Dennis. Just a thought but was it a Christian bibble Obama took an oath on? Which god did he swear to? Not that I am concerned either way, I am not religous, just wondering.
A Danny Diveto character once said “if ya take an oath in court it means they gotta believe ya.”
That reminds me of George Carlins discusion about oaths, “if the book is backwards, does it count? if there is a page missing, does it count? if its another language does it count? what if it upside down,backwards with a page missing in a foregn language?”
His discussion might actually matter. What if its the wrong book entirly?
benb…..They might be swearing on ..”MAO’S ” little red book , inside the cover’s of the bible ……..Heck it might even be a copy of ..HOW TO MAKE FRIEND’S & INFLUENCE PEOPLE.
Daniel McAdams made a great point about The Fed being an enabler.
On point of Central Bank enabling is a today WSJ A-11 article titled “Why the Euro Crisis Isn’t Over”.
The article is too long to read if you have a February tee time in the desert but in summary it is says the obvious….central banks destroy price mechanisms.
It is similar to the heir who is ruined by inherited money they did not earn.
When central banks “provide liquidity” they prevent the pain that is needed to diagnose the underlying illness.
It used to be the Treasurer would tell the King the treasury was becoming light.
The King had to engage austerity, tax or plunder.
When none of the above was a viable political option the King learned to secret his methods.
The already taxed, overly austere citizen tired of foreign plundered could become a danger to the tranquil throne.
The king learned to shave the tax receipt coins of the realm. But this literal destruction of the coins of the realm only provided relief until it became all too obvious.
How could the King double money supply without cutting the coins in half.
Like a casino replaces your money with chips the King needed to call in the coins and replace them with something he could expand the supply of without clipping the coins in half.
The statement “Central banking is an enabler of monetary inflation” is a very true statement. Monetary inflation is why central banks were invented.
DENNIS…….I love your contribution’s ………Why the hell dont you write a book about the wrongs of the fed…………A simple title for said book…………………………………………….
2 & 2= 4..
Chapter 1 Bubbles eww you turn me on!
Irish…I ma having trouble with Chapter 1…can you please review and offer corrective criticism and/or suggestion:
My goal is to communicate to as many as possible with both message and humor to retain diminished attention spans…tell me what you think:
Dennis………I am humble enough to say…….Nothing i could add would improve on what you write…….Respect to you ..SIR.
countrys that participated in WW2 had a baby boom from 1940-1959. now many are retireing . So of course budgets are stretched , for health care and Old age pensions. We should take SS out of the budget, and make it an off budget item, like it was until 1965. Dont panic because after say 2040 older people will slowly die off and budgets will, gradually get better. The world will not end, but i [age 66] will not be here. Thats life. love to all, S
It is off budget…already.
Obamacare will speed up the “die off” and path to balance budgets.
Wait for the Hunger Games and prosperity!
A link to an interesting read…
Pull quote
“The economist who dared to predict Europe’s mess, and was fired for it, says there is much more pain to come.”
DENNIS……This EEC mess, I used to send articles to the financial times just before the UK’s entries into it ,at first they used to publish my comments , but when the the UK government …Decided to ignore the wishes of the people & went into the the EEC , then they would not publish any of my letter’s……They ignore me here in the UK..that’s why i am active in the US…….I Thank ..AL …for allowing me the platform to try to wake some of the people , to whats going on.
David Morgan was on the corus radio network today and I was only half listening, but he was pushing his newsletter and touting a company as a possible 10-bagger.
I did not hear the name of the company, but he was talking about 200 grams of platinum over 2 meters.
Then he also said the company has only $1million market cap at $1 dollar a share and only 100,000 shares out.
Well I did the math in my head and it did not make sense.
I don’t know any company in mining that has that low a number of shares.
So I obviously mis-meard something. So I searched my memory banks over where I had seen over 200 g/t over 2 meters and remembered a stock the Roger Taylor had been touting a couple of years ago:
http://finance.yahoo.com/news/crocodile-gold-intersects-240-2-110000514.html
This may or may not be the stock Morgan was referring to. It’s gold not Platinum, but the grade is the same.
So I did a search of major shareholders of Crocodile and among the > 10% owner crops up the name of a hedge fund owner Christian Leone (Luxor fund)
So I do a search for news on Leone and looks what comes up:
Is it nice to have the internet.
If you are thinking of buying anything mention in this posting, do your own due diligence
The internet is very powerful if used correctly. Nowadays you can find out almost anything that has been said or published. I remember having to plot my own graphs daily on paper stuck on my office walls over weeks and months, now I don’t even know if I have graph paper in my house.
“We have never had it so good….but I have an uncomfortable feeling that this prosperity isn’t something we can base our country’s hopes for the future”
Al, It is not about kicking the economy can down the road or is it about fixing our economic problems. ( you just mentioned Bernanke) I believe it is all about heading this country into the channels of the New World Order – Socialism, and in order for them to get the ship turned in that direction they know they have to take America down.
Mike,
You are onto something.
I have always surmised The Treaty of Ghent was not the only agreement that concluded the War or 1812. Why Andrew Jackson was left hung out to dry in New Orleans? The news of Andrew Jackson winning The Battle of New Orleans was received by some in DC similar to the way Miami dealt with Doug Flutie’s hail of Mary pass.
http://www.bing.com/videos/search?q=doug+flutie+hail+of+mary+pass&view=detail&mid=FE936BF7837CF2CC56EAFE936BF7837CF2CC56EA&first=0&FORM=NVPFVR&qpvt=doug+flutie+hail+of+mary+pass
The once “denied they even exist elite” are not content without a central banks. They will not stand down because they will say they are needed to clean up the mess of debt they created. Which means layering on more layers of debt and government?
Can someone please tell me how a paper Global SDR is any different than a paper Bretton Woods USD?
The only possible difference is the name of the resort they meet to concoct it.
How about the Whistler SDR? It sounds funny but whatever it ends up being do not let it grow on you!
Dennis…………..At the end of the day……………It’s all a load of bollocks.
MIKE STRY……..Welcome to the sane zone……………I for one agree with you.
You’ve really captured all the esslitnaes in this subject area, haven’t you?
Jerry- thanks for the comments to come back more often. I do my own daily radio show but continue to work with Big AL to do regular Kitco Audias and of course the editorials for the weekend show. You find our daily radio at: the wavelength site of our radio site directly. These are direct responses to markets and forecasts each day monday through friday -thanks for the input —Roger Wiegand
traderrog@comcast.net
http://www.tradertracks.com
http://www.letustrade.net
http://www.wavelengthpublishing.com
Jim Puplava’s sidekick, John Loeffler has deep interests in Education and also religion.
While I disagree with his view on religion, I must admit I partly believe his view on “one world order” (I know there will not be one world order in my lifetime and probably not in my son’s lifetime, but Loeffler’s writings are quite persuasive.
e.g.
http://www.insidermonkey.com/blog/christian-leone%E2%80%99s-luxor-capital-joins-john-paulson-in-american-capital-14335/
This would seem to label Obama as a Transformational Marxist.
cfs………It’s coming…………….UNLESS WE THE PEOPLE , STOP IT>>>>>Google these people, you will get there addresses!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The link above should have been:
Another good article by Loeffler:
In 2010 gold corrected sharply down in January and then things got worse in February and after that a multi month long rally. Time seems to be running out as the slow season of May to July is approaching. Gold should remain in the 1500 to 1795 area this year in my opinion. If we break 1500 it falls fast to 1400 within 2 days.
It fell to 1555 this week and I was expecting 1550 at least after it failed so many times at 1680 at which time I bailed out. It may still have some downside left unless it can stay above the 1572 area. RSI is extremely oversold and signalling a good bounce.
A great show today Al.
I added a large amount of Apple this week as it hated by all and very oversold and left for dead like gold. Still one of the most innovative companies around and they are not ready to die yet and will have more products up their sleeve in coming years, Hedge funds are piling into AIG and dumping Apple. Aig is the penny stock that split in reverse (1 for 10 I believe) to get to the current price. It will run into trouble again.
HP had been written off to as the PC market was considered dead and look how it has taken off and up around 13% Friday. Dell was also written off and bounced as well as Cisco the leader in networking.
Canadian dollar gave an early signal weeks ago (risk off) and it has fallen to the 97.50 cent area and usually that is the area it usually starts to turn up and pm’s will turn up when that happens. The worst drop would be to the 95 cen area. It was 1.03 at the highest level in September.
interesting
We need a bass ……
http://www.youtube.com/watch?v=AiYzQx4HLXM
“It is time like these you learn to live again
It times like these you give and give again
Its times these learn to love again
It is times like these time and times again”
We have the message we need a band.
Neil Pert is just a phone call away so we have a drummer.
Whose got Austrian Economic Musical Talent:
Jeffrey Tucker likes to sing but his bow tie makes him tour manager.
Ted Nuggent could be guitar.
We still need a bass!
Lemmy
Lemmy Kilmister, Ted Nuggent and Neil Peart…What would that sound like?
You don’t get something for nothing
You don’t get freedom for free
If I were a Teenage Mutant Ninja Turtle, now I’d say “Kagbounwa, dude!”
If he ain’t Ron Paul….he’s wrong!
Government hates gold. Gold is the political equivalent to the North Star. The North Star always points you in the right direction…no matter what the issue of the day is..no matter what the media says to distract you. You can lose your focus and get lost very easily…that is why we need a North Star…that is why we need Gold.
On King world news today Maquire is indicating that Gold will blow first.
By “blow” I mean the physical market will run out of physical.
I have been thinking about.
On the one hand silver is more tight physically.
On the other hand Gold is sucking up more margin coverage in dollars.
Since it is the bullion banks doing the manipulating and have really deep pockets, Maquire may be wrong.
In conclusion I expect silver to blow first, but I am not as sure as I was.
I am sure we are talking months not years though.
The blow is barely over the horizon. Keep watchin’ Cap’n Ahab.
CFS, KWN indicates that the financial system may reset with gold at 10,000.00. I don’t question the 10,000 figure but it may take 10-15 years for that to happen. I don’t question the fact it will happen but I don’t think a quick time frame is in the cards. The 10-15 years seemed reasonable given the fact that the administration whether Dem or Rep will continue to kick the can until the can is so dented and destroyed that there is nothing left to kick. I can live with the 10-15, well maybe not me but the kids will enjoy the inheritance. Regards.
Jerry,
We don’y know how much gold China, Russia and India are buying.
We do know how much ships through Hong Kong.
If my memory is correct, China imported through Hong Kong last year 225 tonnes.
Do the math with guestimates for India, Russia and Shanghai importation.
10-15 years does not compute.
At the current rate we are talking months, maybe a year or two if as the price rises and enough western gold is shaken loose.
As for $10,000, I have no idea. Clearly, at that kind of price, it will be smuggled OUT of India.
I do know that Germany is clearly expecting that gold will not blow up before 7 years from now. I happen to disagree with them.
cfs,
When the pizza place tells you the pizza will be there in 1 hour that does not mean
the person who placed the order would not prefer that the pizza arrive sooner.
I am certain Germany would gladly accept delivery of their gold by Fed Ex before 10:30 AM tomorrow morning if the gold existed.
Hi Dennis, I have always seen a similarity in thought and action with Germany and the United States of America, I don’t think they ever sent any gold to the US for safekeeping, I really believe it is all a ruse, why else would they not be pressing this issue, a previous german government has worked out a deal a long time ago and they don’t have anything other than bragging rights to the gold. DT
Maybe Kelly’s Heroes did get the gold
a drum solo for them then:
http://www.youtube.com/watch?v=9esWG6A6g-k
If we go back to sound money all drummers will once again wear tuxedos.
Osborne ‘humiliated’ by rating cut
Share79
Share
5
289
George Osborne said the loss of the UK’s gold-plated status did not mean the Government should change course
The Chancellor George Osborne has been accused of having suffered a “humiliating blow” after Britain was stripped of its AAA credit rating.
Ed Balls, shadow chancellor, said the announcement by Moody’s downgrading the country’s AAA credit rating was a “very, very bad moment” for Mr Osborne following the Chancellor’s assertion that losing this status would be a humiliating blow.
“The Chancellor said this would be a humiliating blow and the first test of his policy was to avoid it, so clearly for him politically, it is a very, very bad moment,” he told BBC Breakfast.
“I think economically, the credit rating decision itself makes no difference at all.
“What the credit rating agencies are doing though is reflecting the reality and the reality is an economy which is not growing, a deficit which is getting bigger, families in real stress and a Government which is ploughing on regardless with a plan which is not working – saying ‘the medicine is not working, let’s increase the dose of the medicine’ that is completely crazy economics.”
The attack by the shadow chancellor came after Mr Osborne said the coalition was determined to stick by its plan for economic recovery after the rating was lowered by a notch to AA1.
Moody’s warned that “subdued” growth prospects and a “high and rising debt burden” were weighing on the economy.
Mr Osborne said the loss of the gold-plated status did not mean the Government should change course.
“We have a stark reminder of the debt problems facing our country – and the clearest possible warning to anyone who thinks we can run away from dealing with those problems,” he said.
“Far from weakening our resolve to deliver our economic recovery plan, this decision redoubles it. We will go on delivering the plan that has cut the deficit by a quarter, and given us record low interest rates and record numbers of jobs.”