Hi Big Al,
We are at a Generational Opportunity to buy precious metals, and equities and funds, as Big John Embry so rightly explained.

As per last week a superb weekend show Al and Jeff. Thankyou. How can anyone not take John Embry’s measured tones seriously?

Concluding a piece on April 26th Alastair Macleod of Goldmoney.com writes:

‘History might judge April 2013 as the month when through precipitate action in bullion markets western central banks and the banking community finally began to lose control over all financial markets’.

Seems likes this outgoing month could be a historic watershed, with the madness getting close to its zenith.

All the best, Andrew

Not yet Andrew.

Three little words of advice……Mayday, Mayday, Mayday.

ENJOYED BUD……I think he is correct on the paper market…..ootb….

Just heard Kudlow say gold had a dead cat bounce and is going down even more. That only means one thing – BUY GOLD BUY GOLD BUY GOLD.
Kudlows about to see what GOLD FEVER looks like!

GUN CONTROL….that is like trying to keep a teenager from speeding…..it is not going to happen…………….ootb

ARLISS AND THE NATURE OF MONEY

How many Disney movies can you think of that open up with an exploration into the nature of money?
I can only think of one. Not quite as in depth as “Atlas Shrugged” but a curious beginning to a Disney movie. It is as if there was no better way to start the picture.
Old Yeller was not Travis’ first dog.
Travis’ favored first dog Bell was bit by a rattler.
Just after the Civil War Bell was bitten by the head of a rattler “Papa” had separated from its writhing body with a scythe. The favored Bell did not make it.
Was the name of the felled favored first dog an accident?
The young America’s hard fought for Liberty was symbolized by a cracked Bell.
The Civil War had killed the country’s innocence causing it to mourn as Travis mourned his favored dog. Then Old Yeller burst onto to the scene calling for the love of a dog and/or liberty once again.
It is difficult not to compare Travis’ dogs with America’s healing and struggle for liberty.
Travis was given the chance to name the newly arrived stray.
He could have just as easily called him Ishmael.
On a basic level Old Yeller is a kid’s story of adventure on the frontier.
But the author of both the book and the screenplay delved into deeper levels of concern even though very simply put.
Below is dialogue from the movie’s opening scene, to wit:
Arliss: “What’s pop gonna sell our steers for?”
Travis: “For money of course!”
Arliss: “What’s money?”
Travis: “It’s what you buy things with.”
Arliss: “What do you mean buy things?”
Travis: “Well you got money ya give it ta people for stuff. They say you can get anything for money.”
Arliss: “Anything!!!!!! What’s it look like?”
Travis: “I never seen but one piece…a dollar bill Papa had. Its paper”
Arliss: “What did Papa get for this dollar?”
Travis: “Nothing it was no good.”
Arliss: “But you just said you could get anything with money!”
Travis: “Well you can..Papa’s was Confederate.”
Arliss: “What’s Confederate money?”
Travis: “Confederate money…well…..it’s……..
Arliss: “ Well!?????”
Travis: “Don’t you ever run out of questions!”

http://www.youtube.com/watch?v=ULhJk_6DwYU
Maybe we should be more like Arliss and ask more questions about the nature of money.

Hi Al, I notice you mention “huge” line ups at the Pender st. gold store in Vancouver.
The name of the place on Pender st. is “Gold Vancouver” they buy gold, they compare their prices to pawn shops and cash for gold etc. That would be consitant with what I have seen in Calgary, people selling, not many but some.

Benny Lee on Hastings is a couple blocks away, A very reputable place to do business for anyone happens to visit Vancouver B.C. At least he always was, I dont know why he would change, been there for more decades than I can remember.

Call me a commie if you like but I say the bottom is NOT in (gold).
I expect a “double bottom” and if it happens day after tomorrow it is not valid.

quote: “As with many other bases, a double-bottom base should last at least seven weeks”.

http://education.investors.com/ibd-university/452143-451713-charting-the-course-base-patterns-part-ii.aspx?chapter=1

[…] Listen to the show HERE! […]

The gold cheerleaders are highlighting the demand for physical around the world which as a momentum trader has me asking:
1) are the buyers old longs adding to positions?
2) are the buyers new buyers?….that’s the ideal as we need the momentum to continue to hold up physical demand putting pressure on bogus paper pricing

Two issues has me scratching my head??

This would be a FIRST that the street level Sheeple are actually buying a bottom!!

I’d be a lot more bullish towards the pm’s shares if the smackdown took place in ALL equities..2008…I’m not in the camp which calls for the pm’s shares to swim against a general equity liquidation event from another wave of DEflation

$1520 and $26 are going to be very, very key levels setting up for Battle Royal

Good Luck All !!!

i am saving my money for the next bottom. than i will be all in again! by the way, what happened to cfs (cash for silver)? haven’t seen his posts for a while. i always look forward to his contributions! dwj

For entertainment puposes only.

First time I’ve used this imaging service .. not sure if this will work.
-double bottom ?
http://postimg.org/image/63bnjxa29/

Syymmetry is always preferable. Reminds me of the cosmetic surgeon’s offer to the blonde: ‘I’ll do you two for the price of one”!

Suspect some slippage in the coming days/weeks.

Chop. Backing-and-filling.

Time is necessary for the healing process.

Days or weeks probably, but I don’t think much more than that!

Big Al

Small point: Yes, there are gun crimes in Canada, but a good portion of them are with illegal guns smuggled in from the US. As we all know criminals tend to use illegal guns where-ever you are.
Something to mull over: with the advent of 3d-printing, there is now capability to “print” your own gun! (Oh darn, paper jam!!)

George Jones
Born: September 12, 1931, Saratoga
Died: April 26, 2013

Choices:
http://www.youtube.com/watch?v=BQMI7TksYo0

Tributes to George on the Opry tonight.
opry (dot) com/wsm/

FYI….Now in my fig is a piece of Smith & Wollensky chocolate cake.
Family tradition is in the AM with coffee and/or milk we will pretend the delicacy is a misshapen doughnut.

The fat lady will tell us when the lights will turn on……
.

In the end the fraud will collapse due to psychology.
It will be like a light switch being flicked on from off.
Since the collapse of Bretton Woods and devolution into pure irredeemable paper money the only thing that separated the continuation of the fraud and the collapse was psychology. As long as a populace is willingly duped and accepts nothing as something then the fraud will continue. This is why over the last few decades so much effort has been engaged by the first use of the debt ‘money’ contrived into existence to shape what we think and even if we think. For example:
1) Wall Street stressed perpetual growth into layer upon layer of more complex leverage;
2) Madison Avenue stressed the natural state of debt and instant gratification…..”Do not leave home without it!”…..”put a little weekend in your week!”
3) Healthcare became place where common emotions were medicated away by a dispensary of mood altering drugs
4) Pharmaceutical companies designed hammer drugs and every common emotion became a syndrome and therefore a market to nail
5) Media provided an immersion into the unnatural state that was to be accepted
6) The end results being those that see the contrivance are the eccentric odd man out.

Whatever the form the manipulation takes and even considering the varied forms combined effects the sober clear thinking minds will have their day. Reality cannot be held in suspended animation forever. At some point the animation is seen for what it is and the participants will demand nature itself. The psychological light switch will be turned on. Standing in the light with our eyes wide open we will see that the game is over.

In re Segment 8
http://www.youtube.com/watch?v=AdhXSj-DL1A&list=PL0BFB57D15178B848

By the way, Al, this was an excellent weekend show. Nice work. Just listening to it a second time. You really have a great lineup of guests and the conversations are fascinating. I hardly know what to sink my teeth into first there was just that much material.

PRESTIDIGITATION…..a fancy way of saying we have been duped!

Birdman and Al brought up “Oz The Great and Powerful” in the response to my above comments about “Old Yeller”. Those of you familiar with my postings realize I have probed into the L. Frank Baum “Wizard of Oz” book and the 1939 classic film version. I am certainly not unique in this area inquiry but I do find it fascinating that things are in plain popular culture views which are for the most part ignored. In a March Weekend Show post I made note of what was written on the side of The Professor’s Wagon Dorothy runs into as she attempts to run away with the recently liberated Toto.
The post was on March 23….. I noted the text of the advertisement illustrated in the classic movie as follows:
Professor Marvel
Acclaimed by The Crowned Heads of Europe…
PAST-PRESENT-FUTURE
Let him read your palm- In his crystal ball
Juggling and Sleight of Hand

I have been looking into mainly the sleight of hand aspects of how an audience can be deceived en masse. As recently as last week I referenced little Bobby Murphy disrupting the birthday party magic show. There exists a direct relationship with “sleight of hand” and the fractional reserve central banking system. People have been induced to believe in fraud.
On the Wikipedia page for “sleight of hand” aka Prestidigitation there is a reference to a Penn and Teller skit to which I provide a video link:

http://www.youtube.com/watch?v=2azeC57Fn4c

The skit breaks down the deception into categories.
1. Palm – To hold an object in an apparently empty hand.
2. Switch – To secretly exchange one object for another.
3. Ditch – To secretly dispose of an unneeded object.
4. Steal – To secretly obtain a needed object.
5. Load – To secretly move an object to where it is needed.
6. Simulation – To give the impression that something has happened that has not.
7. Misdirection – To lead attention away from a secret move.

I suggest that 1 through 7 above is a breakdown of the fractional reserve central banking system’s deception.
Every step above has been necessarily implemented over time by the bankers because if the populace consciously realized the nature of the fractional reserve central banking system they would not have participated. To explain how we arrived in the fiscal monetary predicament in which we find ourselves is similar to understanding an audience applauding a magician in a sideshow act.

It is telling that the name of the mime is Teller. In the world of deception and illusion things are named exactly for what they are not.

Back to the Movie the prequel is a worthy time investment. My take away from the journey is it is better to be good than to be great, but to be truly good you do not need all the machinations.

A critical thinker might ask why go through all the trouble?
Why didn’t Teller just light the darn cigarette for real?
But there would not be any deceit in that!
Some people would rather be great than good.

Another way to put it simply is a point “Oz The Great and Powerful” makes on multiple levels and in not so subtle ways which is……evil exists.

Al,
Instead of putting it all on Bernake, let’s go back to 10 years when monetary policy was launched orbit under Greenspan. To keep it simple, let’s say you have $100K in savings and then work in round numbers to calculate the damage done.

First come opportunity costs, where the Fed deprived people of the beneficial use of their own life savings. Back in 2003 a 5% CD was pretty common. That translates into $5K/year of passive income you never saw—or $50,000 over 10 years that you never got because the Fed decided their banks keep it for their own good. That’s $50K.

Next comes the Fed’s attack on your principle—the inflation thing. We can argue numbers till the cows come home, but here’s a couple of good benchmarks: Nationwide utility rates have increased on average better than 4% over the last 10 years. Also, the cost of running the Federal government went from around $2.2T to $3.6T.

Do the math and you get an average cost increase (inflation rate) north of 6% over the last 10years. Average 4% & 6$ and you get 5%. Times 10 years and you get $50K. In short, the Fed cut your net worth in constant dollars by 50%. Of course, will argue it’s worse than that, citing the fact that a gallon of gas more than doubled during that same time, and college tuition also went to the moon. But, I’m offering round numbers for the sake of a benchmark. Actual damage to individuals will vary, where those who owned gold and silver throughout that period suffered less.

Back to that $100k in life savings you had sitting in an insured bank account.
1. You were deprived at least $50,000 of beneficial use of your own money.
2. The Fed then debauched your life savings by another $50,000.

So, there sits your $100,000 with half the purchasing power it had 10 years ago and the banks getting free use of it by depriving you any interest income.

Oh darn; I had mixed emotions when I traded my 1969 Mercury Grand Marquis for Myrtle’s engagement ring, but this takes the cake. Now Uncle Clive and I are on the same page.
quote: “Even in the best case scenario the price (of gold) is likely to back off now towards the lows”. ~end quote

This means that everything I’ve been thinking about gold since Friday’s close is wrong. Now I say, after a wee dippity-do on Monday get ready for turn-around-Tuesday and blast off!

But no matter … I’m still doing nothing.

http://www.safehaven.com/article/29643/gold-market-update

jj haven’t heard from you in a while. Last time I did I thought you were very bu
Polish on gold. Did you change your tune?

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

Thanks mr kramer for your vision regarding the precious metals and the great results of canamex resources. Keep up the good work.