thanks Al,,,,great show…..ootb

Segment 8:
It is a long time between now and the next presidential election. Will not the economic problem be obvious by then?

I hope the Tea party starts to dominate the Republican candidates before the next Presidential election.

In regards to segment #1 and #2 ….both the segments exemplify it is virtually impossible to separate social issues and have an in depth discussion about politics & economics….
Just a couple of phrases tossed about…..”entitlement mentality”….”lost rugged individualism”….”things are OK as long as people are passive, if they can watch Desperate Housewives or they can watch football or baseball or whatever and not pay attention to what really is going on”…”people got soft”……”American people are not ready”….. “come hell or high water”……”honest money and the work ethic”…….”Amen Alleluia…I hate to bring church into it”…..
It is the decay of the American culture that enables the decay of American economics & politics. When the electorate is all too ready to take the easy way out the government that such an electorate puts in place will take the easy way out. The fact that the buzz phrase bombastic social wedge issues are even debated is a symptom of the underlying cultural decay of seeking the easy way out.
What all three speakers pointed out is the easy way out eventually is not good for you.
Yes it may be that social issues are truly important! Instant gratification equals ignorant ecstasy.
What “truly matters” was bantered around this week.
Last night I caught this interesting read on Zerohedge directly on point and yet somehow twisted….maybe nothing matters.
http://www.zerohedge.com/news/2013-04-12/aerodynamics-nihilism
If we are afraid to speak of the important truths of our day because truth is too divisive then what does this really say? Maybe by the time we get to the issues we deem worth discussion the discussion is irrelevant. What we chose to ignore has created chaos all around us. Instead of engaging in a preferred high level civil discussion we end up by necessity forced to implement an emergency escape plan. How will we escape the hell hole we created because we feared a dinner salad may go unattended if we talked about what in the end “truly matters?”

Hi guys,

Any chance you could switch back to giving a description of each segment, rather than just hour 1 and hour 2? I used to be very selective in downloading and listening to just the guests that I particularly wanted to hear and now I miss it!

Thanks for considering my suggestion

Jon
(in London, UK)

Totally endorse your observations, Dennis. Along with Desperate hlousewives, I tremble at how the masses continue to be fobbed off with an endless diet of soaps and sport. How long will our ‘celebrities’ and sporting ‘heroes’ become the sop for keeping countless millions in a braindead stupour? Already there are many signs here in the UK that the benefits ‘culture’ is going to implode, and when that happens desperate housewives will become desperate anybody whose brains have atrophied with no gameplan for what’s to come..

Thanks as always Al. A great weekend show. Tis an honour to be part of your website.

Andrew

Got a kick out of ur comments Andrew. I agree with Carlin that people just are not too bright on average.
KWN is thinking the gold smash is intentional, Keiser site is saying maybe with Cyprus selling their gold and potentialy other countries too, might have been the spark to sell. If it happens thats alot of gold going to market.

With this smash I really feel its not the price that counts,its the # of onces that matter. I dont sell physical. With trading we know the markets are corrupt, or should by now, and nobody should be gambling with money they cant afford to lose anyway.

Conventional markets have definatly been the place to be, even if they dont match inflation as Jeff said, they sure as heck have been better than resource companies.

The americans are loseing the reserve currency as we speak, Australia just signed a deal with China and I cant even recall all the countries that have already done so.
The writing has been on the wall for that for some time now I would say.

Just thinking what really hurt the states might have been moving the manufactureing, the companies wanted to increase profits for shareholders, pretty capitilist way to think.
I think when the americans can no longer afford imports they will begin manufactureing again, and it will be competitive to the rest of the world.
Wages will plumet of course but lifestyle will be in line with other countries, I have read thats been the plan all along.

I still think the floor on gold is $1000. Chinese government wont lose face to their people.

Really enjoyable show today Al.

The Cancer that emanates and has infected the entire global structure is rampant; blatant; pervasive; widespread, that being, Fraud & Corruption.

What we witness on the exterior are merely Symptoms, while under the surface; the inner-body remains in decay

Much like the Constitution, Morals & Ethics have been fed to the shredder and no longer exist within vocabulary or actions.

The Apple is rotten to the core.

Radiation nor Chemo can or will cure the patient, yet (the Cancer) must be Gutted in order for survival.

“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” -Abraham Lincoln

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” – Cicero

Great show.

Have an enjoyable weekend.

In regards to Segment 6:

On March 11, 2012 at 7:48 pm in this forum I posted the following:

“I would suggest pulling F.A. Hayek’s opus The Road to Serfdom off the shelf (if it is not on the shelf remedy that immediately) and have some quiet time.”

A recommendation I believe Al then took up and read the classic offering.
Al…when I made the above comment I had no idea the book could have cost you 7 years in jail.
One could not invest their time much better than to flip the pages of a book that would put you in a Soviet Prison. Instead of envying the beauty of the azaleas at Augusta….I think it is time I re-read the classic offering. Below is a link to the condensed version which was celebrated when it appeared in Reader’s Digest 68 years ago this month:
http://www.iea.org.uk/sites/default/files/publications/files/upldbook43pdf.pdf

The US presently finds itself in a full blown Fascist state.

From your title of your program, Is it really das de end of the world ? Well the Banksters hope you take their cool-aid they are serving, and leave gold/silver, pgm`s, resource companies because they WANT them NOW. ….. I`m into another aspect of this market, I`m a miner who sells my metal for a profit, but hey I`ve got some real decent ore thats not up sh*t creek. I`m not leveraged to the ass in debt, nor I`m I a publicly traded company, don`t need to be. My ore is great, its taken me years of my life to get what I have, reading books on chemistry, refining of precious metals, doing experiments day after day, year after year, decade after decade, working two jobs to get it. So do I have an IRA or a 401K in a sense I do its in gold, silver, platinum, & palladium. Some might say, what has gotten me this knowledge/wealth its knowning who my God is. And its not the God of nearly not enough, but the God of the Bible, the Word of God, who is called JESUS, the Christ. Not Buddha, not Mohammed, nor cults, nor mind science, nor of the book of Mormon that my Mom`s family had and are now in outer darkness waiting for their time to be in front of God`s White Throne of judgment of tormorrow`s today. Yes Al, you have a great website, the comment section is by far the go to place I love to go, reading all the comments, Irishtony, CFS, Trader Rog, Jerry, and all the others keep me `thinking,` and thinking is where its at. If we all agree, not any of us would be thinking. TV, soaps, movies, entertain us with no thinking involved, just like a frog in a pan slowly cooking in a pan of water till we are dead, as the dust of time.

On a lighter note, I see that, at last, Obama is cracking down on crime:

http://news.yahoo.com/blogs/sideshow/virginia-man-gets-seven-years-prison-stealing-obama-012833191.html;_ylt=AvIsdHSBqVvvpDEW696N6HPEeOd_;_ylu=X3oDMTFmdGs2NDQyBG1pdANCbG9nIEluZGV4IGJ5IEJsb2cEcG9zAzEEc2VjA01lZGlhQmxvZ0luZGV4;_ylg=X3oDMTI2cGpqZmpxBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25zBHRlc3QDTjRVX2hvbWVydW5hcGk-;_ylv=3

Sad that he pushes through anti-gun leguslation, while ignoring the assassins around his schools in Chicago, who already have illegal guns, illegally carry guns, and commit murders. (20 murders in the neighborhood around the school where the first lady just gave a speech; that’s actually 20 murders in the last 10 months. Maybe he should pass a new law against murder, that might fix the problem!
I go through 2 blocks of Chicago, walking with suitcase, , on route to O’Hare airport every time I fly out of the US, and it is the scariest part of any trip I ever make.
Chicago, of course, has the toughest laws against guns of any type in the country.

People would be wise to realise that both Republicons and Demoncrats are identical. Two-headed one party monster.

It is the Haves Vs. the Have Not’s and the Haves are coming for it all, as well as your very demise, both economically and literally. Globally!

GREAT SHOW!! (for lack of better terms!)

The world is falling apart before our eyes…sometimes I look back and wonder, what if Germany had won the war? Would we have better values, would they have grown to accept Jews and other races just as the USA freed the slaves and accepted blacks and Mexicans (for the most part) One thing I strongly believe is that Germany wouldn’t be screwing its citizens like the US is doing right now. I agree with one of the guests that one of the reasons the US citizens values are being eroded is because the honest days work for an honest days gold backed buck are long gone…US citizens are just thinking…”Give me my money I want it now! Now I’m going to watch some more TV and sleep”

From the Archives (sept 2011)
http://www.kereport.com/2011/09/15/big-al-james-turk-gold/

Sept 20, 2011
http://www.kereport.com/2011/09/20/rick-ackerman-big-al-discuss-gold-kitco/

And here is one from our friend Matthew, who yesterday claimed he sold all his gold at the top in Sept 11.
On October 2, 2011 at 6:13 pm,
Matthew says:

The longer your time horizon, the more you can relax and let the fundamentals assert themselves. Of course, if you are leveraged and/or in juniors, you should never be too far from the action. If you expect to make (and keep!) short term gains, you MUST be technically savvy AND willing to speculate on the actions of governments and central bankers. There is no way around it. To be totally honest with ourselves, we have to also realize that we are speculating any time we “invest” seeking a capital gain. No matter how good and profitable a company is, a gain beyond the dividend is inherently speculative. Juniors without cash flow are therefore, speculations. Those who play the entire sector tend to position themselves for the volatility caused by changes in market psychology, which, itself has other causes. Others position themselves based on the perceived merit of individual projects. Both approaches are speculative. Remember, not all specs are created equal. Gold bullion held for the long term is very low risk. Especially for those who understand the difference between price and value.

This graph displays the premiums in silver. i.e. the shortage:

http://d1w116sruyx1mf.cloudfront.net/ee-assets/gsd/yesterday/US90_Silver_Coins.gif

I would vote for Rand Paul.

The STUPID Republicans nominated the wrong man.

A investment banker that ran a hedge fund.

Are you kidding me?

The public really hates elite insiders so why the Republicans nominated this guy Is beyond comprehension.

http://www.youtube.com/watch?feature=player_embedded&v=iDRYlNxyUnQ

Someone selling gold on the streets in Greece.
It should come up with subtitles, I hope.

Economy, Gold and markets have nothing to do with squiggles, lines, patterns or any “technical” programs except by those that record such and people who respond accordingly. Nevertheless, people do respond because that is they way it has been.

Financial Repression and central controlled economies is the operative prime directive of Governments Worldwide. There are NO Free markets, nor any free people, everything is being controlled. But more importantly WHY?, and I think the reason is because of the debt unraveling that is underway worldwide. Remember the whole world is on fiat debt based money and this is moving nations and their international trading towards debt based settlement by borrowing now to pay ???? (“latter”) but more accurately NEVER. The actual amount of real trade in such things like oil, grains, manufactured goods and anything used and consumed is only a tiny fraction of the amounts in fiat being created and traded. This tiny fraction is not steady nor is it just getting smaller by steady state, but is actually getting exponentially smaller. This means that the governments and world economy is about to change fast and like Hemingway said when asked how he went broke, “Slowly and first and then all at once”.

Desperate economic and Geo-political situations are both created by and responded to by desperate actions meant to either attempt by kicking can or force the issue to reprieve. Cyprus was attempt to test this issue in order for Central controlled command to plan on a more world wide basis.

The fine book “Road to Serfdom” as Dennis kindly posted, is basically the direction being applied to the US, Japan, Europe, UK and any country affiliated and it is up to each one of us to individually decide if our own nation will go down this path to total tyranny or not. If for example the US goes to total tyranny, then it matters not whether a person has their wealth in gold, silver, real estate, dollars, stocks, bonds or anything else within reach of that nations government, because all individual wealth will be aggregated into a single pool by government and then used as they see fit. The only exceptions to this will be those people who are partners in command of the tyranny.

I do not believe there will be a One World Government as designed by the West, which means that should the US move to total tyranny there will be eventual World War and the US and its allies will loose.

Life in Greece for the unemployed is not pretty.
(Greece no longer can afford to pay unemployment benefits, although there is some private and church help. This is a tragedy of immense proportions, spreading across Europe.
http://www.newsit.gr/default.php?pname=Article&art_id=202790&catid=3
This is sad.

In cities in Greece it is different. e.g. in Heraklion in Crete, a common sight:

http://www.newsit.gr/default.php?pname=Article&art_id=180707&catid=6

Homelessness has doubled in the last year.

Although Greece is no longer in the newspapers it is slowly collapsing, with the economy in downward spiral:

http://www.newsit.gr/default.php?pname=Article&art_id=203458&catid=9

The dollar will be defended and it is still the safe haven as other currencies are in worse shape. The fed will defend the dollar through such means as crushing gold while the military might will help keep the dollar as the reserve currency.

Update just rec’d from expected returns:
I’ve been saying for quite some time that it is not gold’s time yet. Earlier this week I noted that gold has sustained a rally for only 4 straight days in recent months, which is bad, and that time and price need to align. The average investor doesn’t think this way, but an asset trading sideways and an asset correcting are essentially the same thing. This is especially true with gold since it doesn’t provide yield. For the past year, almost any asset was preferable to gold, including real estate.

Just keep in mind that when it’s an asset’s time to correct that every single new item, bullish or bearish, will work against that asset. All of sudden we’re hearing news about central bank sales of gold, rising interest rates being bearish for gold, and more moderate than expected inflation. Gold’s not even an inflation hedge, but you’ll hear about inflation being low. Gold will rise with interest rates, but for now people have it backwards. And central bank sales of gold are often a good thing, as they were with the Bank of England in 1999. This is what’s needed to mark a bottom. Have we all not been here before?

Just give this correction a little more time to play out. Gold traded sideways for so long that the weak longs weren’t shaken out. Now they are in the process of getting shaken out, which is what always precedes a bottom. $1200-$1300 is a possibility for gold, but it is probably smart to start buying in the $1400’s. Don’t let your emotions get the best of you because things will just get more volatile from here.
Disclaimer: 1. This newsletter is for informational purposes only. I am not a registered investment advisor and I am not responsible for any actions taken by subscribers.

I stated a few weeks ago that the information shared on this blog needs to be confirmed. I said then also it was red flags time. My case in point is this. Many analysts (Sinclair, former asst treasury secretary) are saying yesterday’s take down was a concerted effort by us government and/or bankers to take down gold. Do I disagree? Not nessassarly, people can’t just make off the cuff statements without hard data. No point in sharing all these articles as if they are gospel. We need the real information, not rumors and speculation. Again I am not saying I disagree but I wants facts…
Also articles and threads are going around stating we are running out of physical gold,
People claiming they are going around town and no gold dealer has gold. I called up my gold dealer, he has no problem with supply. Again passing around wrong information is not doing anyone on this site any service.
As far as yesterday’s take down I do not think this was a flight to the dollar for safety. This was not 2007 all over again. The value of gold yesterday just evaporated. In 2007 the stock market crashed first and investors sold gold either to cover margin calls or a perceived flight to safety to the dollars. Gold was a victim of its own success as people sold their most profitable liquid asset. This was clearly not the case yesterday. Is gold signaling the coming crash first this time before the stock market, perhaps. Either way gold is in desperate straits right now and there could be a lot more pain. I’ve said for many months here we have seen the parabolic blow offs and newcomers will not be rewarded in this market. What is a newcomer? Anyone who bought gold in 2011 as it was on the way to 1900. They were late and will not see profits. Markets don’t work that way. Are these people still in or did they exit? Was yesterday’s shakout enough to drive them out. This is what worries me, this could mean the bull market is over, as I said and feared for many months. Am I selling? No. I will go down with the ship….

2 very reliable TA guys stated that 1430 must hold , one stated that if not we will see another $100.00drop in gold, with a possible test of the $1000.00 area.

This is a real human tragedy that is happening throughout Europe.

What a horrible indictment of Socialism that renders individuals incapable of maintaining a civilized life. While altruistic and caring on its face, socialism actually takes away the teaching of a man to fish. It makes citizens totally dependent and subservient to the ruling political class. What is happening in Europe and what will happen in the US will make the dustbowl years pale in comparison. But what can we do? We must do something! I see the train speeding towards the washed-out bridge, but I feel so helpless.

President Obama`s 2012 tax return looks a lot like the ones from Mitt Romney that he criticized. To bad my tax % was like that of Obama`s. http://foxnewsinsider.com/2013/04/12/neil-cavuto-president-obamas-2012-tax-return-looks-a-lot-like-the-ones-from-mitt-romney-that-he-criticized/ and thats another point to be taken at this time. ITS TAX TIME, investors cashing out to pay for their own new taxes, an ouch time for sure. Since most of the upper middle class pay more than 44% or more in taxes and then its sometimes every quarter instead of yearly. And what do bankers have to pay ? Well they just have to steal it, to pay what they owe.

It seems that as death is an inevitable part of a humans life so it is with empires.

Seven steps in the life cycles of great powers

1. The age of outburst (or pioneers).

2. The age of conquests.

3. The age of commerce.

4. The age of affluence.

5. The age of intellect.

6. The age of decadence.

7. The age of decline and collapse.

http://www.ucg.org/united-states/life-cycles-empires-lessons-america-today/

Tom very good point. From the looks of things it is clear we are in the last stage

I got to ask:
I have followed the gold market for the past 10 years and the technical s and charts that indicate tops and bottoms have always been my friend, but in the last few years and more often as of lately the manipulation of gold and silver has been so ramped how can you guys still give a number for the bottom when they knock the crap out of the price to drive it down?
When or at what point will this control come to an end?

Did I miss something? Earlier this week the major market manipulators (the banksters) paid a visit to the White House. Next came the massive naked shorting of gold and silver. Just a coincidence, I’m sure….

Jerry the short – no csinclair isn’t the former asst treasury. I. Was referring to 2 different people. Sthe treasury sec I can’t. Remember his naw was on Peter Schaffer radio on Thursday

[…] Listen to the show HERE! […]

I heard kudos today. I know when you listen to him he makes everything out to be rosy. However he was talking about the sequester and how good it is for the economy. The day the sequester passes the stock market went up 300 points. Could this be the reason for gold going down ,not just Friday. Could this sequester be the solution that maybe rights the ship, or at least slows it down. Just a thought

S/b kudlow today…

I agree with the comments in the first hour that quantitative easing is just kicking the can down the road, but what really concerns me is that politicians talk about reigning in spending, bu no one is reigning in Bernanke and the fed, quantitative easing may seem to provide short term relief, but in the long term I don’t think it is a good thing. Also, everybody talks that social security is an entitlement program, I have paid into it for over 40 years so I feel that labeling it as an entitlement program is not correct. getting food stamps or free healthcare without paying for it to me is an entitlement

another thing, I have contracted my national representatives about quantitative easing and the fact that the fed needs to be regined in and has too much power, but as usual nothing seems to get done

Total Fiasco: Germans Are The Poorest, Cypriots The Second Richest In The Eurozone
TUESDAY, APRIL 9, 2013 AT 7:11PM
In March, six years after inception, the first ECB-organized Eurozone-wide household-wealth survey results were trickling out. But when the Bundesbank refused to publish the German data, insiders leaked the reason: too explosive for the current debt crisis and bailout environment because Italian households were far wealthier than German households. Shocking! And a red herring. The truth turned out to be far more shocking.

Now the ECB has finally published the all-country report—and it’s far worse than feared. Italian median household wealth was indeed over three times larger than Germany’s. But that wasn’t the problem. The problem was Cyprus.

Cypriot households (CY), as measured by both their median and average wealth, were the second richest in the Eurozone. Median household wealth—half the households had more, half less—of €266,900 was over five times Germany’s puny median of €51,400. Average household wealth reached a phenomenal €670,900 (that’s $872,000!), 3.4 times Germany’s €195,200, and just shy of Luxembourg’s €710,100. Rarefied levels of wealth achievable only by small countries with huge and murky banking centers, or lots of oil. Few countries in the world are in that elite club.

And Germans (DE), based on median household wealth, were the poorest in the Eurozone
http://www.testosteronepit.com/home/2013/4/9/total-fiasco-germans-are-the-poorest-cypriots-the-second-ric.html

Japan economy summarized graphically:
http://www.zerohedge.com/news/2013-04-13/japans-full-frontal-charting-abenomics-so-far

Please have Yuri Maltsev return! His insights are fascinating.

I would like to know whether he thinks it possible for a country to escape from socialism…or must new countries be formed?

For those interested living in the Orlando Fl. area. 3 coin shops have no junk silver or silver dollars and the premium for silver 1 oz eagles is 16.1%. I inquires as to when there might be available supplies for junk and silver dollars. The reply was not anytime soon. The ratio of buyers to sellers was 25 to 1. This was from 2 different sales people so may or may not be real accurate. Kinda gives one an idea of where the physical market is headed.

Germany does all the work, Cypriots have all the fun. What stinks worse is these elitists are causing us pain over here, as our investments go down to bail out these lifestyle of the rich and famous

Hi Big Al,
Really good show.
2 – 4 weeks wait for silver eagles at Scottsdale Silver. They are flying on the internet. Best to all.

It is nice to see the comments for The Weekend Show back over 200 for the first in over a year. It is also nice to see the comments reflect relative reasoned stability after the recent market direction. This demonstrates to me that the volatility that makes you want to pull your hair out was anticipated. Further this tells me that stronger hands are taking hold with other current momentum participants eventually needing to cover. It is nice to see all the varied comments in this environment all of which add to what I see as an enriching environment…… even while being distracted by the beauty of a golf course I will never play.
May it be that our overall enrichment is measured in units of common sense and may our wealth be measured in both ounces and hugs!

I went back (and if I am correct) the last time The Weekend Show comment section went over 200 comments was St. Patrick’s Day 2012…..that forum started off with the following (if I may say so interesting missive)comment….I must have been up putting green food coloring in the beer:

March 17, 2012 at 1:41 am,
Dennis M. O’Neil says:

What does “global warming’ and nationalized health care have in common?
This is deep thought kind of stuff….but do not dismiss the connection.
The government’s authority to require health care coverage and/or to tax your carbon footprint is/are both taxes on life. If you breathe you must pay this premium. Pay for this coverage….. We will tell you what your care is later. As far as “global warming” your inhalation is free except your exhale is CO2 and therefore a taxable event. In both instances it places the yoke of taxation on an individual simply because he/she can fog a mirror. A wise man once said “collectivism is slavery”. “Global warming” (now retreating in the face of reality to a more humble climate change) and nationalized health care are a Madison Avenue-esque way of enslaving us while making most of us slaves make the mistake thinking we are still free.

If people are worried euro zone countries will start flooding the market with gold when faced with a bail out I have to think China will be more than happy to take the gold off their hands.

Here is an old utube of Roberts explaining the collapse of Europe an the oligarchic tyranny. Unfortunately the interviewer from northest England (Durham) is a bit too chatty. But the interview is quite educational.

http://www.youtube.com/watch?feature=player_detailpage&v=agWgGWiUoSs

» Assault On Gold Update — Paul Craig Roberts
By: pcr3| April 13, 2013
I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.

A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign.

Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.

According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.
more at paulcraigroberts.org

Is there a way to have a vote of no confidence in the president and kick him out?

Just to comment on your final segment (8) Al and Jeff: Here in the UK the vitriol’s running pretty deep over Margaret Thatcher’s demise, and her funeral this Wednesday. As she thrived on controversy, there are many pros and cons to her premiership. The Falklands had to be a plus, as was the way she broke the unions which by the mid-seventies were rabid commies hell bent on smashing up our economy. But she also helped break up society (whole communities destroyed to this day when it came to the miners), arguing that free enterprise was the only way forward. Sadly the result of all that was to squander our North Sea oil while selling off out utilities to ovesea frnachises, which as well as undermining her huge sense of patriotism has done much to leave Britian in the mess it now finds itself in.
Capitalism without compassion and mercy is as abhorrent as socilism without responsibility.
Yet as the grocer’s daughter who saw that nothing comes to those who do not or will not work, she was a role model to many of those who hate her.

Andrew

….its always good to hear Roger….

http://www.naturalnews.com/039829_humanoid_robots_Pentagon_Terminator.html As if there wasn’t enough going on now it’s time to meet the future enemy, robots designed for warfare. DT

We have had versions of this concern for a long time…take a look at this video from way back in 1934:

http://www.youtube.com/watch?v=rDdhg8CyeUo

Hello all!…just peaking my head out from my bunker to see what the pm’s world looks like at street level vs the chart action…..I’m more bullish on owning GoldnSilver bullion than the past 11 years and Fri was a pure panic attack by the Central Wankers….Gold making a record high in $Yen…and with Cyprus bank run, Japan going nuclear QEasing and the kid in Korea pounding the war drums the US$ Index should be 88-90…AND after Fri gold smackdown….a 2 cent pop in the US$ should have been a given…..NOT!!…the US$ fell Fri…..I am 100% certain da boyz are getting long goldnsilver and shorting the snot out of the US$ because capital flows are moving away from the reserve currency as more and more countries are setting up trade in their currencies vs the US$………back to my bunker!

jj haven’t heard from you in a while. Guess you were hiding out in your bunker

In a few hours when the Asian markets open up we will know if they are ready to buy gold on sale or if they will follow Fridays action and kill it. I honestly can’t say what will happen. The next 24 to 48 hours are going to be the deciding critical factor in this gold market. I am waiting with baited breadth…

4 million ounces of annual silver supply and 400,000 ounces of annual gold supply have just been vaporized landslided.
Rio Tinto’s Kennecott mine in Utah- the US’ 2nd largest silver mine and world’s largest copper mine has just suffered a massive landslide which will likely shut down production at the mine for years as upwards of 1 billion tons of dirt and ore have collapsed into the basin.
16% of US annual silver production just vanished. Good thing there aren’t any physical supply issues in silver currently or anything…

Found it on Max Keiser, and silver doc I think.

I am surprised there have yet to be any mentions of Pascua-Lama Court injunction.

“A Chilean court has suspended the construction of Barrick Gold Corp’s $8.5 billion Pascua-Lama gold and silver mine after indigenous communities said the project was destroying glaciers and harming water supply.”

At some time those wishing the metal price to be lower must realize the paper battle needs to be joined by increasing the supply available. It would then follow that collectivists environmentalist need to make a decision…..do we want to assist paper fraud making all the government grants/programs possible or do we want to continue to prevent ore bodies going into production.
I suppose a middle position is to voice concern….take your bribe…. and then withdraw opposition.

RT to be congratulated on ther radar advanced warning system. No lives lost, thank God

That really is somthing, dont know if I ever heard of somthing close to this large happening and no one got killed.

Did ANy body SEE……”BANK OF FRANCE to do curruancy swap with CHINA…” 4-12-2013
this should make the FED happy……

Thanks all for the record-shattering volume of comments!

300 celebration
A call to battle……………
http://www.youtube.com/watch?v=sFOl-QXpLc4

Al, Jeff & Crew,
Wow! Seldom miss your great program & this weekend was a real “eye opener”. I’ve watched and studied rise and fall of civilizations & could never quite get a grip on the key rot factors in the downward slide. Yuri Maltsev really nailed it. I will be writing to my “representatives” with some hard questions for which I want answers. The aim of course is to prompt them to THINK and ACT. Start with audit the Fed, then bust up the banks – impose 50% reserves/Shah Ghilani & kick some ass big time on Wall Street. Revamp the monetary system & get back to the spirit of 1776. Will it happen? Not with “We the Sheeple!” Hey guys, thanks again. Knowledge is still the best kind of power. Keep it coming! And good luck to us all.

DITTO…….

I am observing on average 15% premium on silver Maples and Eagles.
Looks like a bear trap.

Good news for those who want price of gold to rise.
Clive Maund is bearish – $1000?
He’s been wrong every time I’ve read his b.s.
http://www.safehaven.com/article/29492/gold-market-update

To see past articles:
www dot safehaven dot com/author/137/clive-maund

I listen to the whole two hours Al – waiting to hear one comment on the monthly 85 billions pushed to banks by the Fed, instead hearing things like “the people are now soft” and other irrelevant things. We are publicly being looted as we speak, and I hear the victims being blamed.

Can you ask Professor Yuri Maltsev to read the following text from Benjamin Franklin and discuss it with you?

A Modest Enquiry into the Nature and Necessity of a Paper-Currency by Benjamin Franklin (1729)
http://etext.lib.virginia.edu/users/brock/webdoc6.html

Also, how does he view the fact that the 5th plank of the communist manifesto has been in effect in the United States of America since 1913? And that most of the other 10 planks are also in place in some form or fashion?

How does he view the fairness of the fractional reserve banking system?

If you always find individuals that have the exact same view you have, how does it edify the audience you seek to inform?

“I hear the victims being blamed.”
My reply: In this context the victims allow their own predicament.
This is why “they” want the victims’ guns.

You, Mr. O`Neil, are part of the group being victimized as well. Don`t fall for the divide and conquer strategy.

That is, unless you are part of the 0.01% of the population running this looting operation.

Thanks for the blog readers points. I learned from a Bloomberg story that India now has three gold buying festivals. Trading in this volatility has proven nasty for over six months. Keep in mind we only need a handful of good trades and prob a few weeks to make a good year. The hard part is stay out and avoid the rough markets that eat your lunch. I’m down a bunch just like 2008, but then I traded back to even trading gold futures for the last 60 days of 2008 to break even and was happy to get there. I think the same stuff happens this year but some stocks can be good for you but you better be pickey and have good timing. Noticed a good essay on all the Presidents legislation failures. Things are going bad in Washington DC very quickly. We did forecast the events of Q-4 2013 and Q-1 2014 and they are setting up to happen on huge pressures and scandals. Step back and think once in a while and look at the big picture. Sometimes boring markets are good ones. I expect a very good year this year but you have to earn it. Most action comes in Q-4 from my viewpoint. Be careful out there. Don’t get mad… get smart and deal with the messes. Be a situational analyst. Figure what the leaders do and work with it. Normally they all do they wrong things so its not too difficult to figure this stuff out.
Traderrog http://www.wavelengthpublishing.com

When gold sold off so hard based upon the FOMC and the bullion banks shorting with both hands, that gang made money on positions that were underwater (they regained losses held) and then they shorted more, earning additional cash. This was done to avoid a Precious Metals runaway market. Our technical forecast remains the same as repeated by Big AL shown above. I have no way of telling what the markets can do under extreme severe circumstances with politics, credit, consumers attitudes, etc. in the 4th quarter when we expect a hard smash. The administration is facing unprecedented headwinds on several nasty problems the public is for now ignoring. This is very serious stuff in our view, but keep in mind those sellers could do a re-run. -Traderrog http://www.wavelengthpublishing.com