Opportunities for Investors
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1: Valentin Schmid, Business Editor of the Epoch Times, discusses Hong Kong and Mainland China.
- Segment 2: Technician Avi Gilburt, Founder of the Elliot Wave Trader, expresses optimism.
- Segment 3: Analyst Jayant Bhandari discusses merger and acquisition activity in the mining sector that could present opportunities for investors.
- Segment 4: Congressman Walter Jones strongly supports Rand Paul and he explains why.
- Segment 5: Dr. Quinton Hennigh discusses his reasons for becoming involved in Gold Canyon Resources a company with a thirty year history and five million ounces of gold.
- Segment 6: Brian Skanderbeg, President and CEO, discusses Claude Resources.
- Segment 7: Have the Republicans and Democrats evolved into negatives for our country Jeff Deist, President of the Mises Institute, and Glen Downs, Chief of Staff for Congressman Walter Jones, certainly think so.
- Segment 8: Our regular weekly market wrap with Dr. Richard Postma, AKA Doc and Chris Temple of The National Investor.
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Off message, but relevant to the Ukraine situation…
http://www.paulcraigroberts.org/2015/02/27/nemtsovs-assassination-propaganda-attack-putin/
Rev … Nice post.
WRMN is at AM 1410.
Talk radio Fox Station.
Thanks Professor.
@Andrew
”… Off Message…” ?… Impossible!
At the 01.40 timeline [Segment 4], Walter Jones mentions, ”…foreign policy…’, so your comment’s totally ”On message…” [ goody-goody-gumdrops & 🙂 ]
While I greatly respect P.C.G. and have been following his posts (as well as various interviews by many hosts) for over 3 years now, I found his recent missive, which you linked to, as being somewhat ”quick on the trigger”, despite its 2 either/or conclusions, both being quite possible (unfortunately, when I consider non-PCG material, there are at the least 4 possible murder-mystery-solvers; a veritable Agatha Christie ”Who dun’it?” take-out [- ”Murder On the Orient Express”, anybody? -].
To expand the ”thematic horizon”, here’s one for you & all:
Putin’s 2012 address re ”false flag” operations – [brief vid – 1 min -good Eng. sub-titles]
http://thesaker.is/nemtsov-murder-putin-warned-about-exactly-this-type-of-false-flag-two-years-ago/ [The ”Saker” has many sites,but they don’t mirror each other; the ”Oceania” site is quite good also-» vineyardsakerDOTcoDOTnz – with a good article by John Pilger just posted]
BR 2 U & All – LFP
Seg 3:A few other names would have been useful.
Fair enough, Andrew.
March 4 is the press conference date for a rate decision by the Bank Of Canada. If you are interested in Canadian-domiciled gold stocks, then you should be watching for further developments on the interest rate front. Three-year rates are below the policy rate, so you might see further intervention.
Many thanks Fran Six
Seg 7
Post constitutional system is a good name for it.
This system wont end until people realise this one is criminal, fascist, broken etc and a new one needs to be built.
Doug Casey was probably right years ago, just don’t vote, it only encourages them.
ditto……………….bb………………………………..j
Voting solves nothing……..agreed……….They put up the candidate , thru, the ELECTORIAL COLLEGE……………like duh……….
Nothing changes with voting because both parties accept “donations” (read bribes) by special interest groups. Therefore, politicians’ allegiance is to those special interest groups…not the people who put them in office.
Nice little racket they have going.
ditto……chris……….you are spot on………………..j
J, did you watch last night’s “drama” on the DHS funding? Give those guys and gals an Oscar.
chris……..no I did not watch………It is the same old story……and script has been written …….The country is Bankrupt, the congress is morally bankrupt, and now it is coming to the final end. The monster is raising it ugly head, and has been exposed for what it really is……
I hope more people wake up, I have been talking this same of bs for 9 years. , it has not changed and can not change , until ALL CONGRESS IS GONE.
TERM LIMITS, which will not be passed, because , they are all on the TAKE.
IT is not a GOVT for the people……The people are merely work slaves for the establishment………..OVER 50% of the people are bankrupt, that is why they do not understand , that the GOVT is Bankrupt. We have warped brains in the White House, and Congress. The entire system is BROKE…………..Sorry for the Rant………..j
J, what we need is more ranting. Sheesh, I can’t get anyone to wake up, at least just a little bit, around my parts. Take my neighbor, for example. He’s a very good guy but clueless as to what is happening in the world. A few days ago he comes to my house and tries to bum $500 off of me so he can take his family on a spring break vacation. I tell him I thought he was flat broke….he tells he’s going to use his tax return to take the family on vacation….just needs a little extra money. I slammed the door in his face. I am not a damn bank who you come to to be bailed out because you can’t control your spending. I am tired of this “I don’t give a damn attitude.”
Chris, Jerry and BB
I agree with all of you.
The members of our Discussion Group also agree with all of you.
In addition to my daily reading of editorial pieces, I have recently read Things That Mattter, 41 and Decision Points. Bush’s rationale regarding US involvement in The Middle East was interesting to say the least, but I do not agree with it.
I am currently reading The Manchurian President and even though I am aware of what the author says it is still a fascinating read. I highly recommend it.
Two headed snake Jerry. At this point I have to agree. Sad but true!
chris,,,,,YOU were correct in slamming the door in the guys face, maybe it will shock him enough to get off his arce……and save a little money,
AL, remember the TWO headed Snake ,,,goes back as far as ANDREW JACKSON…and the central bank at that time in 1837………
Great Rant, J….The Long.
The Truth.
Go, The Tea Party, but watch out for hidden RINOs.
thank you CFS…….appreciate……………………j
Here’s a further comment on voting:
We all ASSUME that voting results are announced correctly.
As a person who observed the Chicago system for over 4 decades, let me announce that I know elections in that City have been repeatedly rigged and bogus results obtained, when necessary for some democrats.
Evidence for this was produced repeatedly, by the number of DEAD people voting, by false (non-existing) registered voters voting in blocks.
Do not assume elections are NEVER rigged.
In Illinois, it became a fine art.
The refusal of democrats to allow use of driving licenses, etc., for voting IDs is PROOF that the practice of rigging votes continues.
The unconstitutional actions of Obama to add millions of illegals to the election roles to guarantee domination of the Democratic party is further proof of his evil intent.
I did not use the term “Devil Incarnate” lightly some four plus years ago.
Nothing has changed in my opinion over time.
A thought on Voting:
Have you ever asked the question:
“Why electronic voting is going to a totally paperless system?
(I.e. one in which there are not even hanging chad counting allowing a confirmation of the vote.)
Why is this happening especially in Democrat Party controlled states?
Is it because it is impossible to rig an electronic vote?
You naive suckers!
Beware anybody that travels with cash:
Increasingly the US Government is using charges of “structuring” to cease money illegally.
E.g. suppose you are travelling to the Caribbean with a few thousand dollars of cash. It is now fairly common to seize amounts over $3,000.
This routinely happens, I am told for people flying to Cayman Islands or Jamaica.
For Cayman Islands the charge will attempting to hide money in off-shore accounts. If travelling to Jamaica the charge will be possible attempt to buy drugs.
In either case this goes under the term of “structuring”, although more commonly known as forfeiture.
It is the money that will be “charged” and confiscated, not the person, who will have to go to the time and expense of taking a civil court action to retrieve the money.
Police doing this on interstate highways going to Florida are increasingly using structuring as a way of financing their departments.
Similarly this is used in ordinary towns for anyone just depositing regular amounts of cash into bank accounts.
Used originally as a technique of getting drug money under the RICO, this process is being fine tuned by many police departments, who have noticed that some people will not bother to seek to get their money back by using the civil courts.
Rand Paul has recently introduced a Bill to end this practice:
http://www.paul.senate.gov/?p=press_release&id=1279
You will see that The Bank Of Canada provides updated charts on a weekly basis for interest rates, and that a rate cut is not out of the question, as they’ve stabilized in the half a percent range. What that would mean is a dip in the $CAD, but that would be temporary, as rate cuts in the U.S. might ensue, leading to a reversal in th dollar index.
http://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/
WAR PARTY………….SEG 4………..The Republican Party…….part of the TWO HEADED SNAKE…………………RAND PAUL……only if he acknowledges the ACT OF 1871…..
DO YOUR PART…….Cong. Jones……..get the hell out of the SNAKE…….
Obama…..is not an American citizen check out his Student id at COLUMBIA……, HE was a foreign student………………..
No Jerry, stay and make a difference!
DON”T forget Greece:
The following is a report that most closely describes the truth:
http://www.counterpunch.org/2015/02/23/varoufakis-keeps-greece-in-the-eurozone-by-its-fingernails/
Merkel stood firm! Bravo, Angela.
When I look at the Eurozone and Greece, et al, I see a drowing man trying to save a drowning man
Good analogy bj!
SEG.7……….AL…….you are getting SHARP…only took you about 8 yrs……….
SEG 7…………JEFF got sharp………
Jeff,,,because we have forgotten the basics of the CONSTITUTION AND BILL OF RIGHTS, is what has put us in this CRAPPY SPOT TO BEGIN WITH. Moving on, is not possible, for man without morals is impossible. The Constitution and Bill of Rights and the Declaration of INDEPENDANCE, gave us the GOD given right……NOT MAN….or POLITICAL Parties……………………..
J……you spelled it out…. everything you said……much better than I could do.
YOU ARE A 100 % ACCURATE. All of the several posts above.
Was trying to stay off the board. Could not help but comment.
GREAT JOB ….J… Its unfortunate but the Republic is lost. Too late in the game now.
Not going to be repaired.
CFS….great read………..
No, Jeff and others have not FULLY got it yet.
They don’t realize that Obama is evil.
Big AL, JUDGE a person by his actions, please.
Obama’s actions make him a pro-islam, Marxist, Constitution-ignoring person.
Look at his actions .
ditto……………well said CFS…………………J
Agreed ..well done CFS..
Here’s a documentary and astounding information regarding our state of affairs.
http://www.youtube.com/watch?v=GbvQBKOYDbg
If you are not aware of all these things in this video
you are lost and very uninformed.
Great post HH. The spirit of America is undefeated if only people would open their eyes! Best, A
great post on the REPUBLIC OF TEXAS…………
Learn something new everyday……………………
Thanks Reverend Andrew and J.
Like you said Reverend Andrew the best advise is to pray and
you know the rest. You say it best Andrew. All your words of
wisdom is irrefutable. I could never repeat the way you structure
all the advise and words you use. Andrew, you are wise beyond
words and gracious too. Talented !!!!!
Both of you are very remarkable people. I have learned many things
from both of you. If I could only learn to act on them I could be a much
better person. I need prayer too. An inperfect man, I am.
God Bless and peace always to both of you and everyone.
ditto……….and ditto on the prayer…..everyone is going to need some………j
Six years later and people still don’t get it…..they never will….Obama is out to destroy this country and is progressing at a fast pace while the population sleeps….
A PICTURE IS WORTH A 1000 WORDS.
http://www.rense.com/1.imagesH/titanicwallstreet.jpg
Why waste anymore breath or time.
No, you can’t save it now. The damages are unrepairable.
Scoffers and mockers will be incorrect.
The great cataclysmic catastrophe is coming. Time is short.
Credit markets will freeze. Distribution and supply chains will cease up.
Merchants mostly operate on accounts receivables and payables 30 to 90 days to pay.
Once trust and confidence is lost, goods and services will be halted.
Welcome to The New World Order. HELL ON EARTH. and hard core tyranny.
Don’t tell me this is not coming. Only a fool believes in a …make believe world.
The world is highly leveraged, bankrupt and ridiculously very high unsustainable debt.
COME ON….all you genuis gentleman out there…ladies too.
I’M WAITING FOR A REBUTTAL !!!!!!!!!!! MAN UP !!!!!
How about you…BIG AL…..anyone ???????????????????
I’m callin everyone out !!!!!!
PUT YOUR BIG PANTS ON TOO !!!! You better, because I’m sick of fraud.
Damn straight too.
Don’t worry, nothing to see here.
http://www.israelnationalnews.com/News/News.aspx/191966
O is showing his true colors. Keeps up, this won’t end well for the world.
Some of us are slower than others!
I believe the actions in Libya, Egypt, etc. were deliberately intended to create rule by the muslim brotherhood in those countries and to establish an Islamic Caliphate rule over northern Africa and the Middle East.
Look at the number of times ISIS has been out in desert open ground and NOT been bombed.
Look at the number of times that when ISIS has been bombed that what has been blown up is some broken down vehicle that has been abandoned by ISIS.
The actions are for public show of “opposition”, not for actual opposition to ISIS.
Drone strikes have killed many more innocent victims than ISIS leadership; Causing more people to support ISIS.
Re: Section 5.
Numbers quoted were.
Payback: 1.7 years.
IRR: 25.4%
They don’t exactly seem to be self-consistent to me.
I know there are time factors involved, etc., but this does not smell right to me.
I hold shares in Gold Canyon, so I shoot myself in the foot.
Price to Book: 0.39
Price to Tangible Book: 0.39
Price to Cash Flow: -50.70
Price to Free Cash: -16.60
gives some idea of burn rate.
(I wonder why this is not ALWAYS automatically asked by Big Al?)
It’s one of my first questions.
Insider trading:
Latest 10 SEDI filings (by transaction date) for GCU within the last 6 months [?]
As of 11:59pm ET February 27th, 2015
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Feb 24/15 Feb 24/15 Bhandari, Jayant Direct Ownership Common Shares 10 – Acquisition in the public market 7,000 $0.165
Feb 18/15 Feb 18/15 Bhandari, Jayant Direct Ownership Common Shares 10 – Acquisition in the public market 40,000 $0.170
Feb 18/15 Feb 17/15 Bhandari, Jayant Direct Ownership Common Shares 10 – Acquisition in the public market 79,000 $0.170
Feb 6/15 Feb 6/15 Schmitz, Ron A. Indirect Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.155
Jan 2/15 Dec 31/14 Inwentash, Sheldon Control or Direction Common Shares 10 – Disposition in the public market -1,300,000 $0.105
Jan 2/15 Dec 30/14 Inwentash, Sheldon Control or Direction Common Shares 10 – Disposition in the public market -3,744,000 $0.114
Jan 2/15 Dec 30/14 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 – Disposition in the public market -3,744,000 $0.114
Jan 2/15 Dec 29/14 Inwentash, Sheldon Control or Direction Common Shares 10 – Disposition in the public market -3,567,500 $0.122
Jan 2/15 Dec 29/14 Pinetree Capital Ltd. Indirect Ownership Common Shares 10 – Disposition in the public market -3,567,500 $0.122
Dec 24/14 Dec 24/14 Schmitz, Ron A. Indirect Ownership Common Shares 10 – Acquisition in the public market 100,000 $0.100
Seg.7………WASHINGTON DC…….the ten square miles…..is the problem….
Looking at their published data (filings)
I know there full 2014 data is not yet available for Gold Canyon.
Assets in Thousands of Dollars
11/2013 . 11/2012. 11/2011.
Cash and Equivalents 4,959 12,457 15,503
Restrictable Cash – – – –
Marketable Securities 5 45 80
Receivables 146 299 796
Inventories – – –
Prepaid Expenses 18 140 32
Current Deferred Income Taxes – – –
Other Current Assets – – 300
I thought I typed in their, not there
We do not need HOMELAND SECURITY….., just issue every citizen a AR 15
And of course, personal responsibility instead of the “something for nothing” mentality!
You must be joking.
Don’t forget, NEVER FORGET, one of Obama’s first actions was to buy 1.8 billion hollow point, citizen-killing dum-dum, bullets. (EVEN though they are illegal on Geneva Convention to use in war.
Who made up the Geneva Convention…………
I know that Professor.
Have you read The Manchurian President?
And seen both versions of the movie.
I have no reason to believe Obama has been infiltrated by another power.
I only believe he is evil.
Anti-American.
An unconstitutional emperor who should have been impeached for over 50 unconstitutional and illegal acts…….but then I gave up counting the unconstitutionalities several years ago.
CFS, B.O. is much worse than you imagine.
A strong defense vs. aggressive govt……..
Gold Canyon, I have followed this company for years and continue to do so, it’s good to hear from the renowned Dr. Q, Quentin Hennigh. DT
Sorry, that’s Quinton! DT
I cant remember who said this….but what is said is ABSOLUTELY TRUE!!……There is no magic to these manipulated markets…u have to simply outlast them..position according the inevitable shake out and gross undervalued assets…i.e. hard assets and be prepared to outlast the market…simply, however long it will last…it is true…..the pure fiant currency system is fast approaching..change is coming…just try to make sure you are “there” to take advantage of it based on astute FORWARD thinking…sure peope are making a lot of money in the stock market and paper “assets”..but it much much safer to be early – in some instances – very early to the party….BUT much better than a day or two too late….a tired mantra??? Sure…but it is absolutely true!
Registration of some of those shares at the transfer agent or paper certs is not a bad idea. Digits in the system are subject to being hacked.
Re: “There is no magic to these manipulated markets…”
Very true, but I don’t think you can outlast them since it’s institutionalized corruption, organized crime at the highest levels of government. Honest investors will run out of money before they do because they can always print more money and infuse into the “markets”–and in the process steal from the public; they get you coming and if you choose not to play in their “markets” they get you via inflation..
Mr Powell explains in detail how it works and why it will never being reformed.
SDM, I couldn’t agree more! DT
DT, have you noticed those 50 for 50 and 100 for 100 coins at the Canadian mint? Seems to me that the mint might be giving us a subtle hint.
We mentioned that about a week ago……….DT noticed first, we had a good converstion on that one……….I think you are correct chris….., I personal think , they are thinking silver is going UP…….and getting ready to revalue the silver, why else, whould they stamp the coin higher.
Oops. I guess I missed that convo. Yeah, something has to be up.
No problem…..I am glad you mentioned it again…….great awareness on your part……j
OH……I THOUGHT that I was going to hear HARVEY ORGAN on the show BIG AL………what happened…………did you ever get in touch with him?
Tried and could not. If you have some type of contact help me out.
Thanks
WILL DO !
******** ANDREW MAQUIRE: ENDGAME FOR GOLD AND SILVER MANIPULATION SOON ********
*********** THIS IS A MUST LISTEN ***********
http://kingworldnews.com/Andrew-maquire-2-28-15/
Big Changes Coming to the Global Gold Market – A Conversation with Andrew Maguire
Earlier today, I had the opportunity to visit with our friend, Andrew Maguire. Some exciting, new developments are pending in the global gold market and Andy stopped by to give all of us in Turdville a sneak preview.
The goal of this discussion was to familiarize everyone with some of the operations of the London-based, fractional reserve bullion banking system. As background, Andy references a document written by Jeffrey “Sister” Christian nearly 15 years ago.
Andy goes on to inform us of a new project that he has been fortunate to be a part of…a new, 100% physical and fully-allocated precious metals exchange.
Markettofuture,
You know maquire personally I guess. Christian has mentioned many times this person does not exist and other mainstream media say that he is a car sales man not a trader. One side must be wrong. Is Andrew a car salesman?
Never mind. You just quoted the article. Sorry.
Lawrence…the podcast explains the whole enchilada. It will be nice to get real physical price, instead of the fractional reserve ponzi system that exists now.
ANDREW MAGUIRE……..is a REAL person !
Mark,
THANK YOU FOR THE LINK…I love Turd…good, smart – and somewhat funny dude!
U TOO…MTF…..:)
SD…He gives daily podcasts that cover the gold/silver market with charts for a whopping $10.00 a month or $99.00 for the year. The posters on the daily threads do not miss a beat when it comes market events and stacking. He gives 2 week free trials for the folks that need to take a test drive behind the paywall.
I listened to this commentary, got his points, but don’t see how that will end anything as long as LBMO is in the loop–human nature being what it is and the profits being what they are. Yes, something is going on here, but I think he is overly optimistic about the lasting outcome. It sounded more an advertisement in some parts to me.
Rand Paul is pretty good but he’s no Ron Paul. But the RepublowCons won’t even nominate a Rand Paul.
There are two corrupt, immoral, evil, criminal political parties that are just different wings of the same evil bird of prey.
And the lamestream bought and paid for media will help destroy the candicacy of those the evil bird of prey does not want.
And the Amerikan sheeple will fall in line and elect one of the two “choices.”
At this point,I can only support Rand Paul and Ben Carson.
What about Jim SInclair?
Bush, Klinton, Klinton, Bush, Bush, Obomber, Obomber, {Bush, Bush},{Klinton, Klinton}
There are your criminals in chief for 36 years.
YOU need to go back a little further………..to about 1871…….
The republican and democratic parties are a WASTE OF TIME…..they have BANKRUPTED the country……….and managed to put EVERYONE IN BONDAGE……
We need an Owl Coinland candidate! 🙂
Personally I like Jimmy McMillan’s The Rent Is Too Damn High party.
Dang, ain’t that the truth!
And they tell us we are back in deflation. Pure bullshit.
Sure oil has cratered but nothing else has gone down. It’s not only rents that are high.
And have you noticed how so many things in the grocery store are smaller? Orange juice now comes in 59 oz containers instead of 64. And coffee is insane. It used to be n 42 oz containers, then 39 now I amd seeing 27.8 oz containers.
I like how the media says that consumers have more money in their pocket because of the low gas prices. But they never mention that those savings are being taken back via higher taxes and that boondoggle called Obamacare. The whole system is just one big scam.
If they are not picking your left pocket they are picking your right one.
Funny………….on the Owl Coinland comment…………………j
How things in Florida these days?
Back in Indiana for a while……….my daughter is in college in Indiana, so we decided to move back and assist her for a while………..thanks for asking…………….j
but, wishing I was at the beach, instead of shoveling snow, and paying heat bills…..
What part of Indiana? I’m guessing the northern part of the state.
Indiana is quite a state. Do you know of a place called Gas City? Ever been to Gary? I think that is Michael Jacksons home town.
How has the winter been? More snow and colder than usual?
Hope your daughter is majoring in something that can lead to employment. Higher education seems to be one big scam these days where parents and students pay outrageous tuition and fees to support ridiculous educational bureaucracies or they kid starts employment (if they can even find a job) as an educational debt slave. And I believe gummit student loans are the only debt that can’t be discharged through bankrupcy. So the gummit gets the kid as a perpetual debt slave.
E……..Indianapolis………….
Gas City, yes……Gary,yes., you are correct MJ. was from Gary.
The winters are about 70% grey, not to much snow, but, this year is cold, but, not as cold as last year(I was in Florida most of the winter last year).
You are one hundred percent correct, concerning higher education. Anyone getting a loan for education is INSANE, there is absolutely no way that the system should be designed to be a debt slave, and as you mentioned It can not be discharged in bankruptcy…..
We are blessed, my daughter has scholarships for academics and talent.
Ebolan……..BTW……it was rude of me not to ask where you live,,,,so, where do you call home?
so, where do you call
For now Colliefornia (as Ahnode Schwartenwhatever calls it).
The scenery and weather is spectacular but everything else sucks. I’d move if I could but business obligations keep me tethered here right now.
Have you heard of the Free State Project? Let’s move there and start a business. 🙂
Is that in the REPUBLIC OF TEXAS?
OR……FREE STATE OF MIND…………….
This country could use another good Coinland Owl…or Owl Coinland. 🙂
lwo……… that makes two of us……………..
btw…..did you get to listen to the post HH put on above…..CONCERNING the REPUBLIC OF TEXAS………a must listen to video………………………..imho……………j
****** WHILE AT THAT LINK CLICK ON BROADCAST, AND THEN CLICK- KWN BROADCAST, SCROLL DOWN AND CLICK- ANDREW MAQUIRE ********
This is a fascinating interview on the new physical bullion market exchange coming soon in a few weeks that will force the paper LBMA and the COMEX to have to ARBITRAGE the price of GOLD and SILVER going FOWARD.
I REMEMBER DR. JIM WILLIE SAYING THAT ONE DAY SOON that the WEST would be forced to have to arbitrage the GOLD and SILVER price with the EAST and HERE IT IS:
http://kingworldnews.com/Andrew-maguire-2-28-15/
***The link above will work ****
China’s lending rate is dropped from 5.6% to 5.35%. Apparently competitive devaluation is still live and well. Now all the other major economies have a rate of 0%. Look like it is still going lower.
Valentin’s point is very interesting. HK is just one city in China and Chinese is the national language. I don’t think it is reasonable to ask business to be conducted in English. Otherwise they could not survive because their business was done with mainland. I can see how awkward if a HK person comes to mainland and use English or Cantonese to communicate. If Hong Kong wants to be business centre in China, it is reasonable to expect business to speak its own language. I would not believe I can get a job here if i don’t speak English here, let alone promoted. So I am surprised that whites are leaving because they have to speak Chinese. However, white workers are pretty happy to speak Chinese in mainland though. There are a lot of them. hongkong ‘s role as a international hub is diminishing. They have to improve themselves to stay ahead.
A lot of Hongkong people have superiority complex. They insult people from the north openly and complain about them. Mainlanders are very upset by this atitude as well. But so far, HK has been fortunate to keep its own freedom. I think their leaders have done a good job. Also extreme anti China groups like falungong/epoch times can still operate there. It won’t happen under the true communist control.
I think economically, China is moving at a slower path due to two reasons. One is it has reached a stage of development. The second reason is the current anti corruption effort. However I would not think it is going backward.
Lawrence, I always enjoy reading your thoughts regarding China. Keep them coming.
**** WELL……..IT LOOKS LIKE IT WON’T BE LONG NOW……..WESTERN GOLD AND SILVER ENDGAME SOON ****
******* BIG AL KORELIN ****** WITH ALL THAT IS MOVING FAST IN THE BULLION MARKETS………I THINK THAT YOUR NEXT WEEKEND SHOW HAS TO SHOWCASE ANDREW MAGUIRE, HARVEY ORGAN AND TURD FERGUSON……………YOU GOTTA CATCH UP, THINGS BEHIND THE SCENES ARE MOVING FAST………AND NOW WE ARE IN MARCH…………..IT’S GOING TO GET CRAZY !!!!!!!!!!!!!!!!
Brent is bullish at 62 and well above the 50 day at 55 but WTI is bearish. I wonder which way WTI is headed. It almost broke 50 on Friday. Brent is at a yearly high.
Brent is the bench mark for international oil price. It is always find the trend first. I remember it is the case in 2009. US bench mark is more local since the country does not approve crude export and still import large amount of crude. It can stay low for a long time since this one way move does not have mechamism of arbitrage.
Al and Cory,
Great show for the mining stock investor today!
I also agree with your guess Jeff Diest. He tells it like it really is!
Congressman Jones and Glen Downs circle around the real issues as usual.. But that’s expected of them.
The litmus test for every politician is to ” repeal the act of 1871 ”
If they say yes to repeal it, keep em. If they say no, fire them!!!
ditto on the repeal……….and firing…………………..j
The blame goes directly to the American for being stupid enough to put up with self serving corporate officers that parade around like they are helping the people.
It’s about time that Americans wake up to what a Republic is and stop being controlled by oligarchs!
Ain’t it interesting how the Klintons became multi-millionaires? Just one small example of the Corruptocrats…of course RepublowCons are just as bad.
http://www.newyorker.com/news/amy-davidson/what-the-clinton-foundation-is-costing-hillary
The first round of stories, in the Wall Street Journal and Washington Post last week, also had to do with the money that the Clinton Foundation took from foreign governments—more than twenty-five million dollars from the Dutch national lottery, between ten and twenty-five million from the Kingdom of Saudi Arabia, an unspecified amount of that in 2014. A few days later, the Wall Street Journal did some rough connecting of three dots: first, corporate donations to Clinton-linked charities; second, the lobbying disclosures by those donor-corporations; third, Hillary Clinton’s travels and initiatives as Secretary of State. “At least 60 companies that lobbied the State Department during her tenure donated a total of more than $26 million to the Clinton Foundation,” it found. While Clinton was “pushing governments to sign deals and change policies to the advantage of corporate giants such as General Electric Co., Exxon Mobil Corp., Microsoft Corp. and Boeing Co.,” all were among the foundation’s donors. ExxonMobil gave about two million dollars to the Clinton Global Initiative, after Hillary Clinton became Secretary of State. It gave more than sixteen million dollars to Vital Voices, a charity she co-founded, which promotes women in leadership around the world.
The funny part about the Clintons………..they were bankrupt when they enter WASHINGTON, DC………and when they left after 8 years…….they were worth over $135million ……and owned three houses. No, how do you only make $400,000 year times 8 years , which is only $3.5 mill. and come out with $135mill……….
Wash ing tons of money…………
Ebolan…if you do some DD on the Astor bloodline, you may recognize a few of the names. They are one of the 13 families that control everything.
Astors
Bundys
DuPonts
Freemans
Kennedy’s
Li’s
Rockefellers
Rothschilds
Russells
If you ask me………….there is to much inbreeding taking place with the bloodline, maybe that is why they are all insane…………………..j
It’s about time that Americans wake up to what a Republic is and stop being controlled by oligarchs!
Agreed, but I just don’t see that happening.
Who do the Amerikan sheeple think is going to pay for the Welfare/Warfare state? Who’s going to pay for all the warmongering, foreign “aid”, corporate welfare cronyism, benefits to illegal aliens, Obammiecare…the list is endless.
Through higher taxes, gummit “fees”, inflation and other avenues the Amerkan sheeple will be fleeced.
Maybe the election of Shllary or Jebby followed by an economic collpase will wake the sheeple up but I doubt it. When the SHTF the sheeple will just go running to gummit to “fix it.”
If we make them repeal the act of 1871, it solves all of those issues.
It will force an asset based current system and also bring back common law.
Currently we are not under the rule of the king. We are under rule of all the kings men.
The democrat / republican debate is an illusion of choice.
ditto …….Chartster………………………
We should ask Al,,,,to have someone like yourself, be invited to do a segment on the ACT OF 1871………..You and Chris T…….could do this segment and do it every week up to the next election……..Then it might start sinking in……………………..j
I hope you are right but even before 1871 there was a history of tyranny in this country. Lincoln was a tyrant who suspended habeus corpus, imposed an income tax, had people jailed and even exiled for publicly disagreeing with him…of course there was the tyranny that led to the Whiskey Tax Rebellion, the Alien and Sedition Act and more way before all that. It seems that if we rid ourselves of one tyrannous act another will pop up to take its place.
Yes, you are correct…………on LINCOLN….
check out the ACT OF 1871…, The US gave up it’s freedom for the cash LOAN from the banksters , because the country was bankrupt, and needed the money to pay war debts
WE were not different than Greece is today. But, we are now more broke than Greece, and more broke than any time in history…..BUT , Broke is Broke…..and I say, we NEED A JUBILEE………..DEBT FREEDOM FROM BONDAGE……
OVER TURN THE TABLES ON THE MONEY CHANGERS………….JESUS DID…….
Personal responsibility is something lost on most Americans. When I turned 18 years old my grandfather, who had grown up during the Depression, sat me down and shared some of his wisdom. And the first thing he told me was not to rely on anyone else for my survival…always to take care of myself..to live my life as if I had no one to bail me out. It’s good advice because it keeps you on your toes and forces you to make smart decisions. His Depression-era stories still haunt me to this day… and I hope we don’t have to live through another one.
Chris, I have some great books on America during the 1920’s and 30’s, when you see children with filth all over there body, no shoes, and sitting on orange crates it really pulls at my heart strings. I hope we never see that time again. DT!
I have owned claude re for about 5 yeas. I think i paid about 4 plus a share. I lost over 14k and the management [i even spoke with vice pres about 3 years ago. i asked for a dividend [no dice] They had a good thing and maybee still do but they changed management several times, and opened a new smalll mine wihch was more profitable , but affter about 2 years they sold it . bad decision. 5 years is enough . these guys always want to buy or open new mines just before gold prices sag. I love you all S
thanks for the info ……r scott………………………..j
Doc is absolutely one of the best market commentators that I’ve ever heard. and there are many.
‘Humiliated Greece eyes Byzantine pivot as crisis deepens’
Neither side holds the upper hand in the strategic game of chicken which could still see Greece forced out of the euro
The above article suggests that Greece came very close to defaulting in the last week.
It ain’t over until the fat lady sings 🙂
What is making the situation worse for Greece is they can’t make anyone pay their taxes. There is a collective tax revolt, mind you that Greeks were never a big fan of taxes. Greece has no choice but to open their hand and ask for a handout.
Some insights:
Job creation is non-existent.
A lot of employers refuse to put their employees on the books, thus avoiding taxes and screwing their employee at the same time.
These same employers also refuse to give invoices…easy to do since most Greeks like to use cash instead of debit/credit card.
Only a hard reset can sort Greece’s troubles.
Would you pay taxes if you think your country is about to go bust? I wouldn’t in such dire circumstances.
I think none of us would. In my view, they should have left the Euro 5-6 years ago. It was obvious then as it is now that the debt could never be repaid. If they had returned to the Drachma they would have been on the road to recovery by now.
Bob, if I my ask you….what are your thoughts on the upcoming elections in the UK? What is the mood on the street level? You think the same old parties will win this one again…or are people sufficiently pissed off to put UKIP in power.
Chris – the British people are wonderful.
We are brought up with a sense of what is right and, as our history shows us, we tend to try to do the right thing even if it harms us. It is said that the British sacrificed the Empire in order to save the world from a greater evil which was National Socialism.
The post-war years brought many economic and social problems but, generally, the UK is now a wonderful multicultural society. The Empire, now the Commonwealth, brought many different nationalities, ethnicities and cultures to the UK and blended them into the British culture and way of life. We are proud of that.
But, unknown to most of us, when Tony Blair became PM in 1997 his Labour Party opened the doors to mass immigration because, as they shamefully admitted last year, they thought that immigrants would vote for Labour.
We now have the situation where ‘British’ people are going around the world murdering and killing people. When you examine who these ‘British’ people are they are no more British than Adolf Hitler would have been. Most of them only came to the UK in the past 15 or so years and were handed British citizenship, a British passport and usually a free Council flat or house by politically correct politicians.
They then milk the system for grants for their religious activities and anyone who challenges them is accused of being a racist or an Islamaphobe – you should have a google for Sky News’ Kay Burley interview this week. At last, a British journalist fought back.
The Conservatives ran for office in 2010 saying that they would close the borders. Did they? No. The mass immigration continued. It said now that the likes of the UK Immigration Department are run mostly by people who they themselves were immigrants in recent years.
Telephone the Department of Immigration and you will be lucky to understand the person at the other end of the telephone supposedly speaking English.
What I am trying to say, in order to answer your question, is that the British are slow to anger but there is a growing anger amongst the British now. The Media try to portray it as a white versus other colours issue but it is not. It is British people who feel, and fear, that our British way of life is being destroyed by political correctness… and being threatened by one thing in particular… and that is Islam.
If you walk up to a British person in the street and ask them what they think they would be too polite to tell you. But amongst friends I am hearing more and more people worried about the threat from Islam and how the Labour and Conservative parties have encouraged Islamic immigration into the UK. They have used our money to promote groups who wish to alter our way of life.
People think that the British are going to vote for UKIP because they want out of Europe. That is partly true. But most say, privately, they are going to vote UKIP because of Islam and how we see it changing our wonderful country for the worst.
I am a life long Liberal with one foot in the Liberal Party camp and one foot in the Labour Party camp… but I will never vote for either again. I am going to vote UKIP and I am one of the most tolerant people you will meet. For goodness sake, I am a Trekker!!!
But I see Islam as an evil as great as Nazism or Communism – it has to be fought and destroyed. If it is not stopped here and now then, in 20 or so years, the UK will be a horrific place to live.
Oh, forgot to say Chris.
I think UKIP will get a huge number of votes across the country BUT, due to our electoral seat system, I doubt that it will result in winning many seats…. but I think they will scare an awful lot of politicians.
Thanks Bob. I watch the BBC from time to time and they’ve been heavy on the UKIP propaganda. My favorite story was the one they said that the UK will fall into total anarchy if UKIP wins. It tells me the old guard is scared of UKIP.
I worked at the BBC making TV programmes.
The BBC is very much in bed with the Labour Party IMPO. Most people know that. It is politically correct and has a belief in multiculturalism to a point that it is discrimatory, IMPO, against those who do not fit its racial or political agenda. Arguably, the BBC is now an apologist for Islam some might say.
Here is Kay Burley’s interview this week.
Mark,
Your description of the “British” is very true.
Bob UK,
Accurate comments.
Great.
Hi Bob,
Thanks for a true UK update….King John has plenty of relatives in the US.
12-year-old girl created family tree linking 42 of 43 U.S. presidents to King John of England, who signed Magna Carta in 1215
Only eighth president, Martin Van Buren, was not related to John
The British are not that bright. They have been duped for many years (at least 40) by the pro-immigration propaganda and most of us are thoroughly on board with that. Most people under 50 think that there is no problem and will continue to think that until the economic downturn accentuates the racial and cultural divisions to a point where no-one can hide from them.
I think you may find that some of the most hazardous ‘British’ citizens are 2nd generation people who were actually born in the UK, which means that vetting immigrants properly now or closing the borders is not going to stop them.
The mass immigration by New Labour under Blair was scandalous and there is a free pass for all kinds of Eastern Europeans to get into the UK without any vetting whatsoever. Our towns are stuffed to the gills with them. Unlike many immigrants from the Indian subcontinent, the Philippines and elsewhere, the Eastern Europeans are barely ever hear speaking English in the street.
There is no chance of stopping this immigration without leaving the European Union and reversing 40+ years of Establishment policies that have brought us here, period. The Establishment have used all the propaganda tricks in the book, vilifying anyone who stood in their way with accusations of racism. Now to be frank, any chance of financing our huge government gravy train requires constantly increasing population, hence immigration has to continue or the UK is bankrupt straightaway.
Actually, it is too late to stop it, way too late. The chance came and went in 1968.
If they didn’t default, it’s because they’ve redefined the word!
Gold sovereigns, Greek drachmas, we’re almost there…
Jerry, my wife is always complaining about how many foreigners own our real estate, today in The Toronto Star they say that 500,000 Canadians own property just in Florida. Most of it is leveraged with lines of credit on their property at home. Can you imagine what will happen when our crash comes here.
A lot of Canadians are going to get hurt real bad….and most of them are blissfully unaware about what is coming their way.
Yeah….DT…we all will own half of Florida..:)
there is only about a quarter of Florida worth living in………the rest is filled with snakes and RV TRAILERS……..
Now gator do not get POed ,,,,,only joking……….
People do not realize how many dam snakes there are in florida….I think I will move to IRELAND…….I hear they chased all the snakes out years ago…….Even Irish left….ha,ha
there are no snakes on St. Croix in the Caribbean.
But I prefer St. Kitts.
ST Kitts …looks a little salty………price that is………..
jERRY,
Your funny as heck!!
SD……that is exactly , what I tell the bird, after he pecks the heck out of the family members……………….lol
DT……that is a lot….If most are leveraged, it does not sound good. Either way, there is going to be a lot of unhappy people on both sides of the boarder……..
Real estate in Florida will be interesting and condo fees are going to scream up.
I think you are correct on the condo fees going up…..and real estate taxes also…
That’s it…time for the US to invade Canada. The Canucks are getting too big for their boots. 🙂
not a good idea,,,,,,the US already has to many mouths to feed………….
Chris, don’t forget those Quebecor’s wearing their red speedos, they love Florida! DT
is that how you tell a Red neck from a Canadian goose……………
DT I understand that the Canadian economy was quite robust relative to others prior to 2010, and it was only when a certain Mr Harper became PM on a rigged vote in that year that things went t.ts up. Correct?
Andrew, I don’t know what you mean but there are a lot of time shares in Florida that Canadians have owned for a while, they love the warm climate as you can imagine and Florida is one day’s long drive away from Ontario or Quebec. Canadians are like most people they only buy real estate when they invest so being a property holder in Florida suits their retirement dreams, but like most people they buy with their hearts and not their minds. Florida is very much like Alberta it is either feast or famine. DT
DT….you are correct on the feast of famine……….just like dinner , you have to know what time it is…………….all in the timing……..
DT I wasn’t commenting on the Florida house purchases. More I was wondering about how the Harper government , being undemocratic came to power in 2010. See 56 mins into SGT report below
Like in the US…Canada’s economy was never robust. Sure on paper it looked good but that was because people were pilling up the debt. Don’t forget that Canada’s banks were also bailed out.
https://www.policyalternatives.ca/newsroom/updates/study-reveals-secret-canadian-bank-bailout
And Canada’s economy hasn’t recovered at all. Alberta’s economy is doing alright because of oil. The two major provinces, Ontario and Quebec, are basket cases.
**** ALL GOLDBUGS……IF ANDREW MAGUIRE IS RIGHT AS TO WHAT HE SAID ON KWN ****
…………..then it is TRULY going to be a very INTERESTING YEAR.
As I read the developments:
Maguire in
http://kingworldnews.com/andrew-maguire-2-28-15/
has misread things.
What I believe is that the bullion banks, with deep pockets, will simply use this system to grab physical.
Sure, in doing so they will drive prices up. However, if they believe that it is inevitable that prices will rise, what is there to stop them from using this new system in order to corner ALL available physical on that market?
Hard to say. I feel driving price up is contrary to what western government need for lower gold price to maintain the low interest rate and stronger dollar. So far all they done is to drive price down.
When it comes to the time that they start to drive the price up, PM price can go up a huge magnitude.
I DOUBT THAT THEY would be able to corner all available physical in the LONG RUN, but in the SHORT RUN YES………….that will happen……..if their INFLUENCE ON PRICE takes it to the MOON. One way or the other something BIG IS GOING TO HAPPEN.
…….ALSO DUBAI will be opening a new GOLD PHYSICAL EXCHANGE in the month of MARCH………….SO LIKE I SAID……………..things are getting ready to get very interesting !!!
But hes never been right as most aren’t..
AGREED……………….but this time………….
………..HE’LL BE RIGHT !!!!! THE WEST IS OUT OF GOLD !!!!!!!!!!!!!!
**** NOTE, THE BANK OF ENGLAND **** HAS ALL READY ADMITED THAT THEY ARE OUT OF GOLD……..THE FED DOSEN’T HAVE ANY, that’s why they don’t want an AUDIT…….COMEX ONLY HAS PAPER GOLD……….THE LBMA never had ANY only PAPER………..AND THE GOLD AT FT. KNOX LEFT OUT OF THERE 50 YEARS AGO……….AND IF THEY HAVE ANY, THEN LET’S SEE IT !!!!
LIKE I SAID……..it’s going to get very interesting soon.
Mark, FED does not have any gold was fact not conspiracy. It’s attorney clarified to congress a few years ago. It was meant to get rid of people’s misconception. The reason is that its gold was confiscated by treasury in 1933 and given gold certificate in return.
The gold it has is custodian gold for other central banks only. Treasury should have some gold in its vault but whether it belongs to US is another question since they have involved in gold leasing as admitted by Greenspan. However, as long as US has the physical gold, we can consider they have it since it can refuse to deliver to its real owners. Nothing other people can do about it.
No you not listening. Their never right and your a clueless gold bug. If I had time I would actually prove it. They have been talking dollar collapse for years. Have a look Amy the charts. The U.S. dollas actually hold
This year. Ya bob Moriarty your a complete idiot. Stock market and dollar collapse for 5 months.
Listen to segment #5, Quinton is the quintessential geologist if you know what I mean! DT
Any advise on Banro [baa] as a good company. Thanks
I’ve been doing some research on several mining stocks and other markets today.
Gold is certainly going to go down and hit new lows , but I think Doc, Gary, Matthew and yes, you Glen, are right. It looks like the mining stocks have bottomed. They might retest the bottom, but I think they just might have bottomed.
This next big metals drop ( which will happen ) I’m loading up!
That makes no sense Chartster. If gold keeps falling then incomes of mines will be further impaired as we see gross revenues decline. The industry is already in the critical care ward and many would not survive another 100 dollar drop that went on for very long. Furthermore, this current rise in miners is correlated with the seasonal increase in gold prices but that is coming to an end. What makes you think that excitement will be building in the gold mine sector once we start hearing of a few closures? Those are coming. Think about this for a second because if you felt we already saw the bottom in negativity towards producers you ain’t seen nothin until failures, closures or bankruptcies start making the headlines. At the best of times many think that the industry and its promoters are full of feathers and beans. You think they will fall for sweet talk and assurances of much higher gold prices as they report they are running at outright losses or close to shut down?
I think you are investing on hope, not common sense. The one time fundamentals apply most is when it comes to the bottom line, quarterlies and dividends. Other than high tech and its enticements of future opportunity, since when does it pay to buy profitless companies that are burning through their remaining cash reserves?
Oh yea, it looks like a lot of the emerging markets have bottomed too. Which makes me think the dollar has seen it’s day.
Dollar has had its day? Not even close, Chartster. You should be cautious investing on that theory because it has destroyed the investment nut of many thousands of goldbugs before you. I have a funny feeling you have no idea what is really going on in the world right now or your interpretation is faulty. I want you to consider though that if Greece does in fact default the Euro could crater as confidence is lost in the capabilities of the regions leadership. And that means the dollar would rise significantly. But that is only one of a host of reasons that currently support a high dollar. Although I would agree we are going to see a pullback in the USD / Euro I also anticipate that the dollars bull run will continue again and last for quite some time.
Bird,
I do understand that the price of metals drives the miners. And I do know that gold is about to take the plunge. But from the TA standpoint, the mining stocks should not go much below the last bottom. I think it’s because the gold wash will be fast a furious and the commercials will be buying mining stocks and ETFs on the way down. At least, that’s my take on what should happen regarding the charts and the happenings in the global finance arena.
If the dollar doesn’t start down this week, it won’t last long. But, every body has their own interpretation on markets and charts. I think the dollar has double topped and is going down. We shall see.
Marketofuture,
That was an excellent podcast by Andy Miguire!! Everyone should listen to that because it’s 100% spot on with what is happening.
Thanks for bringing it in MTF.
I do belelieve there’s one reason gold stocks go up. But only a few. Costs are being cut and oil has dropped. I own 2 KGI.to as a more solid play and a brilant chart and GCU as a spec play. .
The drop in oil prices has merely extended the lives of some marginal producers but it will not save them as gold heads for its next layer of declines. We are not only going to retest the lows of 2014 but we will fall to new lows and I fully expect gold will close the year lower, not higher than it began. These are very difficult times for the producers but the problems have not ended until gold completes its cycle.
I completely agree Birdman. I’m in for the short haul on this trade.
I posted a piece a month ago from a Great fund manager and I say that because he’s nevere had a losing year. Dollar to move higher, interest rate to stay low, US economy to surprise to the up and oil producers to have a tough time. That’s it and most wouldn’t beleve or want to believe that but that’s how she goes.
Thanks Bill. Gold will rise when gold’s time has returned. We are just not there yet and one of the ways I know that is because we have not seen much in the way of failures in the industry nor consolidations and mergers. These all need to take place before gold reaches its final bottom. Call it a cleansing if you will where the assets shift from one group to another at a fraction of cost. Can’t get that through to the gold bulls though as they are perpetually infatuated and blind to everything outside their narrow range of beliefs. But will gold go up eventually?…..of course it will. Just not on a timeline that satisfies those who are prematurely getting long. Not that I really care. It suits us all that the most vocal of gold bugs and the extremists amongst them lose their shirts before the bull resumes so the market is left to regular investors and the professionals. The constant din of one-sided bullish calls has grown fainter in the past year thankfully and reality has begun to set in. But another leg down remains that should silence the last survivors as they finally get shaken out of the tree and close out their losing positions. The most selling is at the bottom….the most buying at the top. It is ALWAYS that way.
Chartster, I have a great article that I recommend you read. It is from Hoisington Management and discusses the current period of deflation, high dollar, low interest rates and their outlook for the future. These are great reports by the way that are issued quarterly and should not be missed by anyone.
Fourth Quarter 2014 – Quarterly Review and Outlook — Hoisington
http://www.hoisingtonmgt.com/pdf/HIM2014Q4NP.pdf
Bird,
Pretty good article of what happened years ago. But they have certainly missed the boat of what happening now.
Yeah..they missed the boat……………….. (slaps head and rolls eyes skyward!)
If you prefer your information in video format though then I have a recent video of Lacy Hunt from Hoisington being interviewed by Gordon T. Long. This is well worth your time if you have 40 minutes to spare and want to hear a professional viewpoint of what is taking place in the world today (as opposed to the amateur soapbox mouthpieces who dominate the gold world and pollute everyone’s thinking). It covers a lot of material we already know but the conclusions differ from so many in the gold world who continue to see inflationary outcomes.
Financial Repression w/ Gordon T. Long and Lacy Hunt of Hoisington Mngt — February 12 2015
https://www.youtube.com/watch?v=oTbLKIc3JA8
GOLDEN T LONG……is one of my favorites………………….lol…………j
Hey Al,
it would be nice to hear an episode where Doc’s, Gary and Ricks thoughts about Andrew Maguire’s take on what this new Chinese gold fix will do?
Do you think it is really something that will fundamentally change the corrupted gold suppression scam the West/China has been running? More importantly what will the effects be on their charts? Will a higher gold price be the result? I think China might be ready to announce their holdings.
Here is a Reuters article about it: http://www.reuters.com/article/2015/02/27/gold-china-fix-idUSL4N0W04Z220150227
Bird,
The advice I would give anyone would be are you interested in short term change or long term wealth creation. From a a long term 45 year chart gold has gone up full throttle with stops and consolidation periods. Since being off the peg and being able to be let loose gold has gone up for reasons of inflation. This is 100 percent logic and truth. What it cost today for a home,car,pop,ttc ticket,groceries,cloth,beer,wine,gold,silver,lawyer fee,etc etc etc is absolutely astonishing. All this while population has grown tremendously to the point that when I go to a mall here in canada I’m bumping arms with people. This congestion and growth in population was not there while your generation sipped on the good wine at discounted prices. If one thing is for certain over the “long run” is that gold is not only going to go up and blow the lid of 1900 but it’s going to go to prices even you might not imagine. There is no will power, remorse,respect,ethics and moral values with the powers that continue this money expansion that has created this monster since the 70,80,90, and current cycle of era. We are headed towards inflation of massive proportions but they do it in such way so it becomes except able. Slow grind higher. One bedroom condo 500,000 lol. This game will go on for as long as they can sell there should and for as long as someone has the nerve about to say it ends here and rates spike.
Going back to gold it will continue to crunch higher over a long term perspective. 5-10 years from now maybe longer. It is normal to have correction of 2,3,4 and even longer term perspective as the Roman Empire was not built overnight. What I would not be betting on is golds long term monthly macd which is showing that it is about to break out. We are very close to an inflection point that your 1000 dollar or even 800 dollar price objective is nothing compared to the longer term chart. If and that’s a big if it dropped to those prices, Chartster is correct that it would be so short lived that I would suspect a v type reversal from that low. In reality who the heck cares of a couple of bucks down if your playing smart. Nothing has changed from my views. We remain on track cycle wise and price wise for a reversal very soon this year or next which will have big 100 dollar a day move up catching many off guard. The key is to buy miners with cash hoard or cash balance with good management team as they will make through this and not only survive but will become profitable again. Position yourself snow not later when there is bankruptcy ect. I personally don’t speculate on exploration. Buy the mid tear companies with money in safe jurisdictions each and everytime they through meaningful number retrace nets. Forget the short term noise and if you want to trade then do it after big meaningful corrections like current one. Again I would not bet against a 3+ year correction going on 4 that has a monthly MAcd heading above the 0 line. This is going to get interesting soon I assure you. So for all the listeners and viewers here, I’m willing to say that we can have further price reduction but this is very short lived on time horizon and possibly by summer we shall start to attack higher not lower prices. This also coincides with armstrongs 2015.75 of a major trend reversal and start of something new.
As for you bird, I don’t’ mind your comments as your as smart cookie and have a good track record. All records eventually become obsoete lol. Just a little fun bird. I will continue to buy a mountain when your covering and sell my positions with my trading account when your shorting.
We are reaching inflection point and always leave some cash as LPG says for the short term out of the blue price smashes/ opportunities as they are coming to an end.
excellent post!
double ditto…………………j
thx j..
thank you chris.
Good points but I prefer to have say 30% in income producing realestate. Safe leverage one of which you can NEVER have in gold. There is virtually no young person that’s going to save save save and then when they have enough $ go buy some gold and pray pray pray it will go up. Far far far more people are wealthy because of realestate than any other thing.
Golds some where T&t place some cash long term if you don’t need productivity.
Leverage is ok, but, it infers debt………..debt is not good……..just saying…….j
Take a rest Jerry. 55 posts and 10 “ditto’s” this weekend is probably enough.
ditto……………that makes 11…………..
🙂
ARE you now the monitor………..Mother goose, may I please post……..lol…….
No….go to bed!
J……..THE LONG………………..OOTB
The whole system is a DEBT based gig. There would be no system or money without debt…Nothing wrong with debt when managed correctly…This is how we have created a modern society. BONDs are debt based instruments…That’s how capital projects get done…on all levels..
BILL…………..I GET the OPM……theory of real estate……, there is a time and a place for all investements……………j………
sorry, forgot to ask Mother goose, (bird) for permission to post……………
Cool is the way Jerry. Walk your dog….errr, goldfish!
COOL is the way……..I can not walk the dog today…..we got 9 inches of SNOW.
BILL…………..there is a great article at KWN……..CONCERNING DEBT…..
No J the Long
Its a long term wealth builder that works…..
Gold on the other hand is a chunk of metal producing nothing for up to decades…
Go ahead and leverage it and see what happens….OMG
Bill you have not read all the post from before, and you think that no one else, owns real estate…you can be a gold bug and own real estate free and clear………the difference in OPM and no debt, is in Real estate when it is paid for it is yours and not the banks. no counter party risk…like owning gold fee and clear, no counter party risk……………..Many cocky real estate guys go Bankrupt, try DONALD TRUMP……
Oh I agree there a lot of debt. Way too much but it can run far far further than most think. If you listen to the gold bugs we were in the grave 10 years ago….
One must have a lot of dirt before one buys gold…
The Donald is hilarious. Property has no counter party risk…Only when you leverage to the hilt and rates ect move against…Like Trump…That’s dumb…
Bill, I do agree that the debt can go longer……but, the debt is way past being able to be repaid…………..The article at Kwn….HIGH LIGHTS some of what you are mentioning,
Bill, I think we agree on the counter party risk……meaning free and clear
There is counterparty risk at closing, but more importantly, RE comes with countless other risks including many that require accepting the counterparty risk that comes with insurance.
Great point Bill. It is the demographic that moves the market and you are correct in asking why younger people who have saved up would rush out and buy gold of all things when there have been so many other assets that actually moved. If anything though, savers have become more conservative and risk averse so the percentage who might take a flyer that gold is the ticket is reduced. This is nothing like the 70’s when savings rates were higher and we faced serious inflationary forces that made for a cauldron of fear and drove so many to attempt to preserve buying power via speculation. We are deflating. The gold bugs insist that is just another reason to buy! (everything is a reason for them to buy and encourage others to do the same). But timing is important. And most of them have no bloody idea what they are talking about.
Very good point Bill.
Real estate is the place to be if a person wants to create wealth for himself, at least it has been for the last 40+ years.
Or a business or invest in apple or Microsoft, etc years ago but there has only been 2 precise times for gold/silver.
And geez would you ever have to time it exactly right.
Don’t get me wrong gold/PMs have their place.
Just a thought too, when the “big bull” happened last, yes I made money on gold/silver jr miners but the biggest money I made was actually copper.
I expect gold to increase, along with everything else. Just my guess. Unless it continues to deflate of course.
bb; I think we a firmly immersed in deflation in most areas…Accept for staples…People are going to wake up in the years ahead and will realize they are poor and cant retire…And that’s the middle class…
Its looking that way Bill.
FED printed five times more money since 2008, where are those money? How come people get poorer. Is the system only for rich people not for middle class? Bill you are on to something.
All they care about is keeping the system moving forward. Middle class are just casualties of war…
The money all end up with those rich bankers and corrupt politicians. It is people’s wealth which has been diluted. Poor has no money anyway. It is the middle class who stands to lose. Middle class should do something to change it. Why not occupy white house or capitol hill? Tea party has not changed any thing.
In 1960s, US people voiced their opinion through massive protests, why not now? It is far more serious now.
Bird
I have some respect for Bob Hoye and the historic prospective…Watching closely…
http://talkdigitalnetwork.com/2015/02/us-economy-slowing/
Nice post Glenfidish.
Best to you, and hope all’s well.
LPG
LPG Thank you sir!
Good post Glen.
I do agree that gold will be going to the moon in the future. I doubt it will be soon. Maybe we see the big moves up late this year early next year. I do agree with the monthly chart as you said. But take a look at the weekly spot gold chart. We should see the big drop shortly and bounce back off the lows pretty quick. I guess that’s why the mining stocks look much better than the PM charts?
I know we have had our indifferences but I tell you that despite that, I also value what you have to say. Thank you for the kind words.
sincerely
glen
I hope I live long enough to see it only because I enjoy life and want to live a long time–and also, I hope it takes a while because when the moment of truth finally hits these “markets” there will be a great unwinding of biblical proportion. So much so that 1,000s of years from now (maybe even 10,000 if humanity can hang on that long) it will be akin to the stories of the Great Flood
Forgive my grammar as I’m with the family on the run.
FYI:
The reason why Iran will eventually have nukes:
http://www.israelnationalnews.com/News/News.aspx/191966#.VPNMDnzF-bM
Next time, perhaps Israel will not be so stupid as to consider Obama’s USA as an ally.
Dissident group alleges new secret nuke site in Iran
http://www.usatoday.com/story/news/world/2015/02/24/dissidents-iran-new-secret-nuclear-site/23946643/
This is why the UK should leave the EU.
The human rights’ law forced by the EU on the UK do not allow the UK to strip someone of citizenship.
Thus Jihadi John’s friend is still free to recruit more Jihadis.
The law is an ass and Cameron even more so.
NEWS……AUSTRIA BANK……………has a short fall of 7.6 billion…..and is looking for “BAIL INS”………..zerohedge today……
Doubt it, they might just print it. Bail in will smash the confidence and result in bank runs. It will be used only as last resort.
Draghi will cover it. No bail in…unless they’re feeling suicidal.
I think they signed the bail ins ….into law………j
The banks will be shut for bankers holiday….., there will be no run…….it will be like Cyprus….but, with a difference, there is no Russian money to worry about……………..j
on second thought…..there could be a run….at the atm machine…..and a limit of funds available,,,,,,so, it could be a slow run…….
An atm run is more likely than a bail in. I’d surprised if they do anymore bail ins at this point. Might as well torch the banks if they do bail ins.
IF they torch the bank……what is the price of a few bricks and mortar…..NOT$ 7.6 BILL
Re: Lawrence says: On March 1, 2015 at 1:34 pm:
Wages didn’t keep up so the middle class are the working stiff going down the toilet. The poor…well most don’t want to work as in Canada theirs a lot of free paychecks handed out…
As for the people here that owned a fair bit of real-estate well their fine…and will continue to be so even in the event of a 15-20% correction…
“I swear to God…that 7.6 billion was there a few seconds ago.”
In the twinkling of an eye,,,,,,,,,,,
ditto………………
According to Bloomberg, the creditors talked about being at risk of a “bail-in” are bank bondholders. While uninsured deposits may be at some risk of being included in a “bail-in”, insured deposits are protected and are not at risk.
Just the beginning. This is a story of how falling asset prices and currency distortions can make short work of the thin reserves most banks have these days. What we need to accept though is that property and real estate is inflated all over the planet and banks everywhere are at risk, not just in Europe. Suddenly mattress money is looking like a good idea to some people again. And that’s a problem for all banks because as news of bank failures get telegraphed around Europe and the world then people become fearful and some will take steps to hoard physical notes and bills outside the system. That’s just one more way to lower us all another notch on the falling velocity line while making dollars scarcer and more dear at the same time. It is a self reinforcing phenomenon as well since the effect adds pressure to the system if it becomes widespread.
BTW, Why does this stuff always start in Austria? Anyone know the answer to that?
** excellent article, must read **
http://www.zerohedge.com/news/2015-03-01/we-are-failing-deliver-our-obligations-americans
Harvey Organs predictions like Jim Willies NEVER amount .
Forget it.
HEY MARK……….your favorite BDI…..is as low as 1987 …..WORLD TRADE SLOWING DOWN……………..article at zerohedge………tonite
WELL……………..THAT’S WHAT I HAD BEEN TELLING EVERYBODY !!!!!!!
THE BALTIC DRY INDEX MATTERS……………….BIG TIME !!!!!!!!!!!!!
You do know that shipping volumes have actually been INCREASING I hope.
show us the info………………………..lol
Well LOL to you too Jerry because this is pretty standard fare that everyone here should already be familiar with. So here is an article detailing merchandise trade growth according to the World Trade Organization (WTO). There are plenty pf pretty charts and graphs that leave no doubt trade is actually growing.
And you thought I was making this all up I bet. Here is the key point from the article:
“World merchandise trade volume is expected to rise 3.1% in 2014”
WTO lowers forecast after sub-par trade growth in first half of 2014
WTO economists have reduced their forecast for world trade growth in 2014 to 3.1% (down from the 4.7% forecast made in April) and cut their estimate for 2015 to 4.0% from 5.3% previously.
https://www.wto.org/english/news_e/pres14_e/pr722_e.htm
Sorry Jerry….where is you LOL now? How about you admit I am correct?
just answering you is……………….lol……………
beside I posted the news yesterday…off zero hedge………and if you have anything later then that is what I was wanting……………..thanks………….mother goose…………..j…….lol
mother goose …….that is old news……..you posted
that is from last year in SEPT 2014
Enjoying the day, I hope , and I hope everything is” letting the light in through the cracks”
lol……………………………………….j
OK, I get it. You don’t understand the reporting periods. By the way, the ZeroHedge article you refer to also notes that global trade is still INCREASING. That is to say it is not in actual decline even if it is not beating estimates. So a downward revision is not the same as a negative number in the same way Chinese GDP growth falling from 7.5% to 7% does not represent an economic contraction or resession. It’s in how you read the numbers Jerry. Yes they are lower…..no, they are not negative. Which is exactly what I told you. Global trade is still positive and growing even if it is growing less fast.
Why don’t you just Google on it and learn a little instead of being a smart ass?
Don’t need that last sentence, Bird.
DO NOT PUT WORD , in my mouth…..I never said that………………lol
YOU should watch who you are calling A SMART ASS………..
You need a spell check. (And other stuff too but that’s your responsibility).
You kidding me Al?
Regarding?
BIRD………LIKE ABOUT 4 OR 5 OTHER PEOPLE HAVE SAID………YOU NEED HELP.,
Spell check……..does not overcome RUDENESS………,
PLUS I NEVER POSTED IT TO YOU………….MOTHER GOOSE………
Yes you did.
sputniknews DOT com SLASH europe SLASH 20150301 SLASH 1018923535 DOT html
18:29 01.03.2015(updated 20:38 01.03.2015)
According to the self-proclaimed Donetsk People’s Republic, Kiev is redeploying withdrawn heavy weaponry near the contact line.
— Kiev Regroups Heavy Arms Near Contact Line, Violates Minsk Deal – Donetsk —
DONETSK (Sputnik) — Ukraine’s government troops are regrouping heavy arms near the line of contact, the deputy commander of the self-proclaimed Donetsk People’s Republic’s (DPR) forces said Sunday.
“Unfortunately, DPR intelligence is spotting new cases of withdrawn Ukrainian units being redeployed [in] violation of Minsk agreements, 20-30 kilometers [12-18 miles] from the line of contact,” Eduard Basurin said at a news briefing.
The official also flatly denied accusations that DPR was secretly turning back its large-caliber arms to positions from which they had been previously pulled away.
“These assumptions are untrue and cannot serve as justification for Ukraine’s non-compliance with its obligations to withdraw weapons,” Basurin said.
Earlier in the day, Basurin, along with a self-proclaimed Luhansk People’s Republic (LPR) official, told RIA Novosti that both DPR and LPR have completed heavy weaponry withdrawal in adherence to the deal with Kiev.
Basurin added at the briefing that his command passed on the details of the withdrawal to the Organization for Security and Co-operation in Europe’s (OSCE) observers.
The agreement, dubbed the Minsk Accord, was signed after extensive talks on February 12 in the Belarusian capital. It specifies 13 measures to end the conflict in east Ukraine.
Worked out by the German, French, Russian and Ukrainian leaders, it includes the aforementioned pullback of heavy arms, a general ceasefire and an all-for-all prisoner exchange.
Sunday marks the 14th day since the ceasefire came into force and the last day of the large-caliber arms withdrawal envisioned by the deal.
Here is a nice short interview between Jordan Roy-Byrne and Hedge Fund Manager Erik Townsend talking primarily about gold both short-term and long-term.
Among other things Townsend believes that QE #4 has already taken place and the next round of QE will actually be QE #5. That’s the first time I’ve heard anyone say that, so that’s interesting.
Townsend also thinks that in about two year’s time we will start to see very aggressive inflation creep back into the system. He’s estimating that it could reach as high as 20%. If true that will be staggeringly high inflation.
If that were to happen you can expect gold and anything gold related to react aggressively to the upside.
http://thedailygold.com/erik-townsend-gives-near-term-outlook-on-gold/
Just listening to it now.
Gold has popped up to $1220 overnight on Sunday/Monday morning as of 0200 Greenwich Mean Time after holding support near to $1210 at last last Friday’s close.
There is resistance at $1220 and needs to break above that. The potential would be to move to the top of the channel of the recent uptrend which is now at $1335-1340 area (see charts):
http://1000gold.blogspot.co.uk/2015/03/gold-has-popped-up-to-1220-overnight-on.html
Gold has reached $1223, above the level of the first upsloping resistance line at 1220 but level with some horizontal resistance at 1223.40 and price has pulled back a bit after this strong early overnight move
It is surprising we just broke the 1220 rail. It broke the same line about two weeks ago and got back in channel. The breakout from this channel should be down. Only a day or two at most to see which way she blows.
I certainly am expecting down
chartster,
The way the miners have been behaving has suggested it’s going higher. For what it’s worth my daily charts are telling me higher for at least 2-5 days. how high? could not say..but higher I know for sure. we are testing 1253 at the very least this week.
im expecting a massive one day up candle at the very least. Tuesday is my bet…
I spoke about this last week to matt. big massive 1 day candles have happened on Fridays and Tuesdays. consider that we rarely gap up on Mondays, im expecting this pop tomorrow once and for all.
Glen,
The indicators are looking bullish right now. If we see 1226 it’s bullish. If we hit 1198, it’s a big bear. I do agree that by Tuesday , it’s one or the other.
charts,
Fair enough i meant to say tomorrow tuesday..
In fact, $1223 has been an important level of resistance and support since September 2014. Of course, it was also the level of the price peak in late 2009! See link above.
Dave,
Good stuff on the link. Thanks
YES TO ALL THE ABOVE……………..BUT KEEP IN MIND THAT THE RIGGING BOYS ARE BULLISH TOO.
Jordan was calling for a gold boom just before it crashed….He has no clue whats out ahead….You can put this on the fridge…
I will put this on the fridge….Under article the ” ICE.”…………I think that has
something to do with the NEW CHINA EXCHANGE , which will freeze the LONDON FIX….lol
hahaha…..
Interestingly enough, in his article today, Egon von Greyerz feels much the same as Erik Townsend does about inflation over the next few years.
Egon says he expects hyperinflation to arrive in the U.S. within the next 2 – 4 years.
QE is over for good
Agree
I dunno about QE and whether it ever stopped.
You need to look at the numbers for how much US debt was bought by the Fed not what is quoted as the QE amount. Is the QE program not just a guarantee to buy a certain (minimum) amount per month to support the system? That means that if it is a minimum or a guarantee then the buying will be that amount or above.
So when QE3 was $85bn, 85bn was a minimum. The on tapering as it went to say $45bn, then $45bn was a minimum. Now it is tapered to $0 so $0 is a minimum. That does not mean that they might not have been buying $100bn a month all that time!
Netanyahu leaves Israel for Washington.
Could this be a snow job?
What’s the deal Al? Sponsors can’t handle the truth?
Sorry Bird,
I do not understand.
I’ll get back to you on it later.
This is just how we know we have hit a nerve that is an uncomfortable truth. Not hearing about it does not make it go away either. The industry will consolidate. There are big losses coming and gold will indeed fall much lower before it is all over. But I don’t write the rules. I am merely an observer and have followed the history.
Bird, can you expand a bit. What has got you so fired up if you don’t mind me asking.
I went to PDAC today and signed up, visited Gold Canyon, Dr. Q was there, I got the sense during my interview that they are sitting tight on their cash waiting for the shoe to drop. Always Do Your Own Due Diligence I have done mine. DT
DT,
can you expand on shoe to drop? What are you referring to?
thanks
Glen, This company has taken it’s exploration about as far as they can, the stock is in play, they are looking to take it to the next level which means either a jv or a buy out. How many juniors are out there that have been around for 30 years with a deposit proven up this size with the credentials of DR. Q, in a geopolitical area like Red Lake. DYODD
Gold up to over 1220 in Asian trading. Charles Nenner is saying gold should rally for a couple of weeks if it closes above 1217.
The Rambus Chartology weekend report suggesting a rally in gold as well.
http://rambus1.com/?p=33438
Biggus i have a closing between 1217-1219. Lets see if it has enough mustard. Again this from my side is being played on my trading portfolio for a bounce. Then we will determine what comes after.
Thanks Biggus for the links.
Below is a nice short snippet from this year’s PDAC Conference 2015.
Rick Rule continues to brace the public and institutional investors alike that the PM sector is still in need of a washout or the much talked about “capitulation” event. He states that mining CEO’s are still far too optimistic about future prices and debt financings at favorable conditions. In other words the old days are long gone for just throwing cheap money at anything that calls itself a company.
He further reiterates that there are still hundreds of hopeless juniors remaining in what he terms a huge oversupply that needs to be removed from the market.
That is exactly what I am talking about, Vortex. I agree with Rick 100% on that sentiment. I remain convinced that we have not seen golds bottom BECAUSE we have not seen the washout stage in the industry yet fulfilled. These processes (falling resource prices and a sector consolidations) are a hand and glove fit so often that the incessant gold-bull arguments about prices heading upwards anytime soon are going to fall on these deaf ears because I just know better. We will know we are bottoming once there are reports of gold mine bankruptcies and closures and a good cleansing of the Junior sector.
Bird,
This is one crazy sector that is filled with every kind of crackpot imaginable to be sure. What amazes me is the average Joe gold bug is fighting this clearing event that Rick is talking about tooth and nail.
If you try to talk about this subject in a realistic and honest framework people just become angry and defensive. What they fail to realize is if this event does take place, it will make the entire PM mining sector a much more lucrative, stable environment and much easier atmosphere to conduct in-depth DD on your favorite little companies.
An extreme market clearing event cleansing these crappy no resource, no future, no money junior mining companies off the board should be what every gold and silver bug mining aficionado should welcome.
But unfortunately very few get it.
So true Vortex. I guess the problem with so many of them is that they became so committed to their gold philosophy they did never sell but rather held all the way down. So its in their interest to keep insisting gold is soon going to see a big recovery. They are shockingly tenacious in their views despite being wrong so many years in a row. I know I will bide my time. There is nothing happening here for long positions right now….just short term trades on the bounces and the predictable declines that follow. We will grind lower until the last of them throws in the towel and the gold bug sites go dark.
Vortex, the business model seems have changed. A lot of these juniors do not have buyer and not going bankruptcy either. They just stay listed. I have one junior which is now 0.005. I paid a couple of thousand and now worth a few dollars for last two years. Exchange seems no longer enforce the rule. Owner might have walked away to do something else. Once every few days, it trade a few thousand share. It is quite strange.
It gives you the feeling of zombie land.
Well said Vortex. Which is why I embrace the coming washout.
Waiting for washout is fine but predicting it will happen in the next few days constantly for the last four month is completely different.
ditto
Nobody did that to my knowledge Lawrence. A washout is a process that unfolds over months if not several years. It is not a single day event. All you really need to know is that this is still a bear market in decline. Nobody knows how deep the final bottom will go but we do know life is not getting easier for miners.
Even you said the other day you would not buy them anymore.
You can ask chartster how often he does it.
Agree on miners.
Lawrence,
It’s real simple. Being that the individual juniors are confusing. I’m waiting for when I ” think ” the bottom of gold is. Then buy the indexes, GDX, GDXJ and HUI. Then DD and assess the companies that shake out.
Still got to see the wash..
I don’t see gold/silver goes too much lower but this price level is very bad for miners. They have to accumulate debt to stay operational and they lose value as debt mounts. Evetually, even they stay producing, they worth nothing.
True Lawrence, I did think the bottom was in November , until it stopped at 1130. It will fall under 700 soon. I’ve been wrong about when, but won’t be about ” what is going to happen!
There is always opportunity in the markets, I’m sure Rick Rule is doing fine and Mathew as well, if you want to wait for what you believe are perfect market conditions it’s not going to happen. DT
dt….ditto
Can’t disagree with that DT bur I would not be getting long on the majority of companies when it is my conviction that gold prices have a lot more to fall. The link between the price of the resource and bottom line is too strong and a lot of companies are already marginal and posting terrible quarterlies. Nobody gives a rats ass how many ounces they have in the ground when it costs more to get them out than you can sell for!
Bird, I agree you have to be smart to spot the real opportunities that exist right now when sentiment such as yours prevails. These companies are not buy and hold, some of the better juniors that can be purchased now for under 20 cents were selling for 10, 20 or 30 times 5 or 6 years ago. I know you don’t see it and probably never will. DT
Well sure I do DT. But you are forgetting that my basic premise is that gold was in a bubble and thus the conclusion is that miners were also seriously inflated as an outcome. In fact, just as you have pointed out, some were sporting valuations multiples exactly as one would expect during a bubble phase in the market.
How could you possibly see it otherwise?
Meanwhile, your optimism is commendable as you see the lows and then project highs similar to what was seen before. I don’t though but wish you good luck. What I see is the carnage of a bubble that already popped and trapped a lot of money in losing trades and in companies that will in many cases be delisted or be bankrupt before they ever see 30 times multiples again.
Don’t you understand it is a mania that drives prices that high in the first place. Please tell me you know better.
DT,
Being patient is part of the buy low sell high strategy.
This I agree with as there are many talking out of there arse believing 100% in there scripture as they have a cyrstal ball. NO ONE WILL GUESS THE BOTTOM NUMBER I ASSURE YOU.
Probably true, nobody will get the exact bottom. In the meantime the only thing that’s important and all we need to know is that the chart still points down…..and as a rule that is not the best time to be a buyer since NOBODY (not even you) knows how steep the final decline will be.
But you can keep guessing. Who knows…maybe you will get lucky. That’s not my strategy but each to his own.
Jerry, yesterday I noticed a lot more interest at PDAC then the last three years, I always go on a Sunday because it allows you to get a reading on attendance that would otherwise be at work.DT
So, how was the attendance?
For the record Im “open minded” about temporary lower prices. I will tackle that if and when it comes. Place your stops!
DT is right bird. The conditions are the worst at the bottom and look to go further south. Check out KGI a and GCU. Their doing quite well. Not all will though as they will go titters.
DT is dreaming of the good old days and wants to return there for the feeling of victory one gets for being on the right side of a trade that goes parabolic. The anger that some express though (and this is not about DT because I don’t know what he still owns) is that they drank the Kool-Aid all the way down to the bottom and never did sell losing positions. Because golds going to take off again of course….any old day now. Just you watch!!!! Of course there has also been endless promotion of the gold market literally since the day gold died and it still continues to this day as if we had not even seen serious double digit price declines. But at what point do you pull the plug and just admit this is no longer a viable trade outside of a handful of companies? I have to admit I am baffled by that kind of thinking. Who holds on to those kinds of losses and does not learn to move on or change strategy? As far as I am concerned gold is just a short term trade. It’s hit and run in both directions then get the hell out again. Anyone making bets long side are just hoping for a lottery payoff and dreaming of the past. But that’s gambling in my view, not investing.
I gotcha Bird and I agree this is not a long term move. It’s more a Loonie and oil trade. The loonie crapped itself and that’s making Canuck shares look better than they are. Oils plunge has helped and to top it some companies have cut margins. It’s is no BULL and not going back to that for some time. Maybe years.
It is a bit like the Barbie ended and the drunks are hanging around hoping that the party is going to spring back eternally.
Guys like Eric Sprott ended the bull early. Gold / silver enthusiasts are the worst thing for a bull market.
We will see what happens if the Euro really craters or once Europe starts getting its first major bank or sovereign defaults. Probably still a year or more away but that could light a fire under gold. Not for the usual speculative reasons unfortunately.
Funny you should say. A fund manager that use to be at Sprott, dumped all resource stocks 2011 and stayed away mention the same possibility. He didn’t want Eric’s coolaid.
A cycles guy no doubt. Not that it took cycles to see that the run-up in commodities had only one way to go once prices hit nosebleed levels. That direction was down of course following the near parabolic rises we saw.
What bothers me about the gold community is they refuse to see the linkages between the resource sector, currencies and rate as a whole versus the prices of metals. Like gold should function in its own independent world or something. It just does not work like that though.
Instead the popular blogs kept treating us to articles about how the commodities supercycle had not ended. Implicit in this argument was that gold was only in a correction and not a full fledged bear market decline. And the poor saps who fell for that with no understanding of how these ideas are connected got totally blindsided and lost their shirts on silver, gold and the producers who dropped like proverbial rocks to the bottom of the ocean.
And then to make it all worse….they kept insisting for all who would listen that this was the bottom. Buy now! Don’t miss the boat! There is blood in the streets and only contrarians will win the race while the rest are left gasping for breathe trying to chase price higher. All a crock of stew.
You just cannot reason with them.
What is closer to the truth is we now stand on the edge of an historical debt reconciliation that most good traders now grasp yet few seem to know how to protect themselves from properly and still remain whole.
We are suffering a secular decline in most commodities that appears as if we are mean reverting after coming off record highs. Even the bounce I hoped for that might come in at 2009 levels may just be an interim stop on the way to much lower levels judging by the longer terms charts that threaten full reversals.
In that environment it is almost improbable that most would run to gold which throws off zero income. What the market demands now are dollars and long bonds. Corporates are coming back in fashion when the debt is issued by the best quality companies. Well are those things not anathema to the whole gold bug thesis?
So we have a bond bubble that is already living on borrowed time, resources that keep hitting lower lows, rising taxes that strangle off any new investment and what is happening?…..well equities are being bid up because they are the only thing with a positive growth trajectory right now and some debt is looking dangerous as hell. At least with a good company you still own something even if the market crashes……I mean your investment does not literally go to zero if the company lives.
So I guess my point is it is best to remain long dollars for now. At least until the smoke clears a little. And in the meantime it is pure folly to be buying debt laden gold miners fighting falling prices when the prospects of a resurgent market still appear dim.
The Euro breaking up will change all that no doubt but who the hell knows if and when that will happen?
Absolute Hogwash, you should be ashamed! DT
I am talking about Bird.
I use to exchange research with the Sprott group when they were small and a good nimble firm…They are more intent on building a brand. My fav guy left and so did 95% of my loot…Good thing the Hedge Funds down 75%…If my portfolio was down that much Id shoot myself…
So far I have been right Dick. And you know what? After this is said and done some years have passed you will reflect back on these conversations and understand that I knew what I was talking about all along.
You are on your own though. Rigid thinking. I wish you the best.
Rigid thinking is your forte’, that being right all the time and sure of it, more nonsense. DT
How much gold stock do you still own since the peak DT? Care to reveal a few facts? Lets discuss it after you come clean.
Bird, I am only a trader and still am today, if you had read my past posts when you were whining about Theralase , you would know that. Coming clean is something you should submit your conscience to. DT
Whatever. You are wrong about gold. Keep dreaming buddy.
Bird is right again, you are rigid and you constantly prove it, whiner! DT
I would not bet against DT………..he did sell his silver at the TOP…
Yes I am right. But not by good luck and gambling.
Your right in your own mind that is something that can’t be helped, except through counseling.
Sorry…so what exactly were your share losses in gold miners that tanked? 🙂
You need help, Bird.
Not as much as you need to get your pride and your money back! Ha!!!!!!
Something is seriously wrong with you!
😉
Your problems aren’t funny.
I’m not here often but same poop different day LOL…
This is a PDAC curse/ Monday morning takedown combination……
It’s always darkest before the dawn?
Al, agree Rand Paul is better than most, I don’t agree he can’t be bought or played.
Everyone carps about Obamacare, and McConnell was key in getting it fully implemented.
McConnell also killed a reform effort to put a balanced budget amendment out to the states to be ratified.
In short once elected, Sen Paul threw in his lot with the incumbency protection program, the very ones who oppose what he claims to stand for.
So Al,please explain to me why he endorsed Mitch McConnell during McConnell’s primary against a reform-minded candidate. Why did he inject himself into McConnell’s primary?
I whole heartily support Congressman Walter Jones’s comments on factions of the Republican party. The George / Jeb Bush wing takes the pro war stance. At some point the party needs to recognize that an indefinite war strategy will make this country eventually bankrupt and crumble sooner than later. Sounds like the decline of the Roman empire. Please email a copy of the IBM report from Roger. thanks, Jim C