Inflation, deflation or stagflation?
Hour 1:
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Hour 2:
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Hour 1:
- Segment 1-2: A round table with Gary Savage of Smart Money Tracker, Rick Ackerman of Rick’s Picks, Chris Temple of The National Investor and Richard Postma, AKA Doc. We discuss if we are in an inflation, deflation or stagflation environment and where we should invest in these times.
- Segment 3: John Kaiser of the Bottom Fishing Report chats about the attitude in the junior resource sector.
- Segment 4: Chris Martenson of PeakProsperity.com, chats about a potential Greek default and continues our chat about inflation, deflation or stagflation.
- Segment 5-6: Bob Moriarty of 321Gold discusses Bitgold and politics. Does Bitgoldit have the ability to change the world?
- Segment 7: Chris Temple of The National Investor says there is always a brighter side.
- Segment 8: Glen Downs, Chief of Staff for Congressman Walter, wraps up the show to discuss the Patriot Act vote in Congress and progress on the Fat Track bill.
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The model answer is when gold sells (per ounce) at the value that equals the total dollar value of US foreign debt divided by the assumed number of ounces of gold the US government has, gold is full priced.
The reason for that is because at that price the international balance sheet of the USA and therefore the dollar is in balance. However, that number, which was $900 in 1980, is now slightly above $12,400.
Jim Sinclair
Dec.21,2011
backed by meant I (darn autocorrect)
I suspect Deflation/stagflation followed eventually by high inflation, but only after most folks are flat broke.
unfortunately for me, I exect to be flat and buried before my foresight of buying precious metals and related stocks is advantageous to my heirs; if they are wise enough not to sell them.
Meanwhile, I continued to be disgusted by politicians who are stealing from the elderly by low interest rates and by raping our children and grand children by the mill-stone of ever increasing debt by over-spending.
The real eventual question, that you guys did not ask: Will the buying and sale of precious metals be allowed or poisoned by taxation/prohibition/confiscation in many western countries?
With the other question: Is there any probability that the US will avoid war with China/Russia in the next few years?
Seems to me the US will get its ass whipped if it keeps doing what it has been doing……..(stirring up trouble everywhere, while diminishing its military capability).
I may dislike the military-industrial complex, but it is stupid not to maintain /improve capability in fighter jets and submarines.
Obama’s actions are treasonous, as he allows the growth of IS and degrades the military.
The Powers That Be have declared that they no longer trust large standing armies full of generalists who might turn on them as patriots, only highly-trained specialists that are sometimes assassin-like in their actions. A smaller group of people who can be used, and killed, if necessary. The elite just move on to the next group of specialists when done.
Mathematically Greece has to exit.
However, expect it to be helped by Russia.
They(GREECE) just need some form of QE…….QUICK EXIT…………
End of first hour: P.S. I told you guys over a year ago, I was investing in art. I received ridicule about Dali, Picasso, Chagall, etc.
Now I have more value hanging on the walls of my houses than the houses are worth!
The downside is that now I have to worry not only about the government stealing from me.
LAND, GOLD, ART……………YOU ARE SMART………
CFS – I never thought I’d find myself rooting for Sepp Blatter, but Sen McCain’s wish for the U.S. military to attack Fifa merely affirms that the Fifa attack is another demented red flag. Another commentator on USA Watchdog reminds us that Mr Obama – alias Barry Soetoro IS Isis. As for your paintings well done, but come the crash they’ll be worth diddly squat surely! A
I didn’t get much from this weekend show. Too broad on the topics to interest me.
Bob M, today seems to be a case of the enemy of my enemy of my enemy of my enemy becoming a sort of friend, at least for the time being. You doubtless appreciate that I’m not an HH ‘end of the worlder’, but WW 3 looks increasingly likely. Amidst all the chaos of people not knowing who they are there is a growing and stifling patriotism – the sure precursor for belligerents to get ready with their weapons.
Whatever your take on ‘Satan’ whether as a literal being or a metaphor for all-out evil, the Bible describes him as the ‘author of confusion’ and boy, have we got confusion morphing into all-out chaos everywhere. So bad and so schizophrenic are we all in danger of becoming that every citizen on Earth who has two brain cells to rub together needs to take stock of his/her true self.
Maybe I’m like you or anybody else: I struggle with what is meant by prayer. Right now I’m struggling in knowing what to do for a man serving a 26 prison sentence with no hope of release. Despite insisting that he take a lie detector test (and passing it without a bleep) and despite the heroic loyalty of this man’s wife, getting a reprieve for this guy looks all but impossible. Sorry I digress: The point is that each and every one of us must shout/scream that the truth be heard, so that sanity begins to return to a depraved world in which Orwell said something along the lines of ‘they’ll come a time when speaking the truth becomes a treasonable act’.
Albert Einstein “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”
God of coarse has already spoken to us what’s going to happen. The majority refuse to believe.
People don’t want to believe God who is a zillion times a zillion over and over again much
more intelligent that Ole Albert Einstein.
Now, whether one wants to believe WW3 is here they can continue in keeping their eyes
closed to all the evidence and facts. Americans and Canadians for the most part have
no idea what’s taking place because of CNN and FOX.
A reminder : I never signed up for WW3 and the end of this age scenario. Its unfolding
quickly for many valid reasons. I could name close to a hundred so why would I close
my eyes to these perilous times and events screaming at us that something is about
to happen in a cataclysmic way.
Only a fool in his heart believes there is no God. Einstien advised us as well regarding WW3 This is where we are.
We have our own free Will to reject the truth. Precisely, this is what the great majority are doing rejecting the truth which makes this shocking evidence the end is near.
WW3 is a 100% assured and guaranteed = Total destruction. Seek God as our refuge ASAP.
Destruction comes without a moments notice. Peace and Blessings to all !!!!!!
YOU HAVE BEEN WARNED. .
Many believe in God, very few believe what he has to say.
Rev,
Don’t let them steal your joy. Stay up and hard, stick with truth.
It’s easy to see how they feed off the fear they sell to the masses. All you have to do is watch one day of Fox News or CNN to realize what they are doing.
They are loosing control. That’s why the fear porn has been ramped up.
CNN and FOX do not report the importance news. The porn news is Hollywood.
Busy bodies in everyones business. People watch it and take joy in it with peoples
lives going sour. Whether its politics or whatever the case.
There is no fear of God any longer in peoples lives.
Terrible things are coming.
And good things are coming, HH.
OK….you have every right to believe in Santa Claus and The Easter Bunny.
Say hello to The Tooth Fairy for me while you’re at The Wishing Well…
And I do wish you well. 🙂
HH, maybe you would have a more positive effect if you let people know that the west really is the “great satan” and we could work to change that.
Maybe get your Christian buddys to work towards reining in the neocons?
Explain to them whats actually happening pertaining to our police state situation.
Anything might be an improvement on screaming “its the end of the world”.
Remember, at the “gates” they gonna ask you “what did you do?”, so far the only answer you have as far as I can tell is ” I acted like a chicken with my head cut off”
I can see them saying “ya, real useful”. Maybe next time they send a better teacher tho.
Speak for yourself bb. I understand your point.
Understand this, I can’t run around with a cannon
and a base ball bat to get the message across.
The problem who is the enemy “satan”has got the
doom and gloom message out there so many times
that people refuse to believe it when the real catastrophe
arrives.
Its was predicted long ago in Gods Holy Word. When the
end arrives many will be deceived. It will be like in the days
of Noah. The great majority will perish forever into outer
darkness because they lusted for the world. They rejected
God which is good, in favor of an evil wicked world.
Anyway, to everyone listen and learn below in the video
current as of today. America is going into a time never
seen in history. Its going to be war in the streets. Soon !!!
Noah? That’s a childrens story HH. There were thousands of boats, and the event happened much longer than 5000/10000 years ago. That eludes a lot of Christians of course, the world only being that old.
I guess if you have a defeatist attitude and you really don’t believe god would help you out doing good work, I can see why you would just give up and not even try.
Why keep screaming end of world on this site then?
bb, proves that you are completely ignorant to Gods Word.
Go ahead…Drown yourself out with your own ignorance and lies.
KNOCK YOURSELF OUT ..BB. Its your destiny, not mine.
May God help you believe The Truth !!!!
This is for a liar like you bb…full of fraud and deceit.
https://answersingenesis.org/noahs-ark/what-we-know-of-noah/
Keep spreading the lies bb…God sees what you do. So do I…btw.
Quit spreading the lies..BB..
Its people like you that will see themselves perish for
eternity because they listened to your…GARBAGE !!!
HH,
I told you months ago nuclear war was off the table. That was before the Iran nuke deal and before Kerry went to Russia to smooth things over.
Maybe you are freaked out by the Jade Helm thing.
Maybe you are freaked out by earth changes.
Maybe you like being freaked out.
Chartster, I never claimed nuclear war was coming immediately. Not once.
Sorry to bust your bubble but its just becoming more and more probable.
I guess all you can do Chartster is throw a few more quarters in.. The Wishing
Well and hope for the best. Keep driving down fantasy lane until all hell breaks
loose. Live by fate, no intelligence.
Also, you need desperately to get updated Chartster.
Kerry is a far cry from doing anything. Its only getting much more critical.
HH, I understand that you believe as you are told to. That’s ok.
Concerning Noah story, maybe if they had the tech to collect dna, or god minimized the animals as he minimised the geni to live in a lamp, I just prefer other logic I suppose.
Too much evidence to support the noah story is just a story to tell children tho.
Amazes me people want to ignore what actually happened, not like the evidence opposes the noah story, other than its just a story of what happened.
I guess informing yourself goes against your rules, but really, your logic leaves something to be desired as far as I can see.
HH, I know creation/creator exists and I have admiration for Jesus, its just I think your religion deceives you.
I think your religion is a detriment to understanding how creation works, and in not understanding you don’t get he benefits of that understanding.
I actually think its sad people put so much effort into understanding creation in a misdirected fashion.
Just what I think, I do see there is some benefit in any attempt tho.
NOTE TO bb……….You might want to visit the CREATION MUSEUM IN KENTUCKY, located just outside of Cincinnati , Ohio …They have some details which you might find interesting.
Well good..bb…what ever pleases you.
However, mans foolish ways is what’s leading this world
to complete destruction, ruin and demise.
Birds falling from the sky, ocean life washing up on the shores,
even recently trees dying in Toronto and the list goes on and on.
All recent tragedies only increasing with intensity. Its no wonder
the elite agenda no longer is concerned about economics but
extermination of human life killing their planet.
At least they believe they own it. They do as far as the world’s
standards are concerned.
God will prevail over these evil beings and so will Gods people.
The rest, the great majority or non believers…will perish forever.
Moscow Frank, I went to the creation museum outside of Calgary, a good argument that dinasaurs were around the same time as our recent history, from China, forget which dynasty. But it was interesting.
bb…hopefully God Lord Jesus will speak to your heart.
Its not a religious belief. Its a personal relationship with
our Lord God.
God despises religious practices and rituals. Keep that in mind.
bb……there are some answers to the question , you purposed concerning the animals and the space required.
bb……You might even want to find the quote and discovery from DARWIN and his explanation of creation. I am sure it is not what you think.
HH, there are other accounts to “man destroying everything” than the god of Abraham records, heck Plato writes about it.
You think if maybe these religions stopped enslaving and committing genocides it would help matters?
We have had this god of Abraham around now for about 5000 years I think, Jesus told us he is here till the end of the age, ages changing has been the times the gods change, I really hope we are not in for another age of this god of Abraham under the moslem influence this time. But people take a long time to change it seems.
Your obviously right about the environment dying, personally I believe our challenge is environmental as opposed to nuclear.
Maybe consider getting your buds to look into cloud seeding.
Maybe stop screaming “its the end of the world” and do something about it?
You might feel more empowered and feel better.
HH……..is doing his part…….everyone can not do everything.
I want to thank The Dear Reverend Andrew for starting this thread.
Apparently it was Gods Will. Never thought I would be posting today.
Never thought I would suffer persecution either. Thank you all !! 🙂
HH,
“God Lord Jesus will speak to your heart.
Its not a religious belief. Its a personal relationship with
our Lord God.
God despises religious practices and rituals”
That is your religious belief HH, Personally Im not so certain anyone can understand a gods thinking.
And as far as the god of Abraham records go, remember, pediphilia is just fine with those that wrote it, consider the source.
Altho, any truth getting thru could be argued miracles happen I suppose.
Whatever you say bb. Am I relieved now from persecution ??
Its the weekend you know.
HH……..YOU know they first hated Him.
I think Frank…Reverend Andrew decided to put me to work
today. I’m doing my share pleasing God and Reverend Andrew.
bb….is a tough cookie too. He knows how to dig in.
I’m tryin..man. 🙂
@bb and @HH
Jesus is made up Roman propaganda lies created by the imperial Flavius dynasty.
See: Joseph Atwill for more on that.
Regards the Hebrew Bible, it’s all true what’s written there. It is verifiable history, including the so-called miracles.
See: Immanuel Velikovsky for more on that.
Three stars today……….. 🙂
Thanks Frank but never signed up for this one today.
Passing the baton over to you. Good luck 🙂
No thanks……same old argument ……Got to believe before you can receive….. 🙂
Well then, I guess I must go it alone.
As usual and of coarse thanks for past
and present support for the cause.
Personally, I don’t enjoy communications with
the anti christ spirit in here. Its the same accusers
and there is no accomplishments.
Oh well, maybe someone will get the message
out there. 🙂
Never fear…..support is always near………..You are doing fine job,
I have been pointing out fallacies in their thinking for years………
closed ears. I have mentioned a good reference to some of their debate, and
some of their stinken thinken can be over come, if they do their own DD.
Very true. Thanks for the encouragment. Unfortunate
for most is they enjoy their blindness. So when judgment
comes I guess thats the chance and risk they take.
What a risk for eternity. Its beyond me. That’s what
they have chosen.
We all have a responsibility to choose.
Thanks Chartster, A
A few more quarters in ….The Wishing Well. 🙂
Peace HH peace, and I’m not crying ‘peace where there is no peace’., A
Another quarter for the ..Wishing Well… j/k
🙂
Swiss Franc mortgages are still in the news this week:
This is a problem as big or bigger than a Greek default.
Sorry this link does NOT want to shrink:
http://www.ft.com/intl/cms/s/0/bbe56c10-f326-11e4-a979-00144feab7de.html#axzz3bcK36LXW
20,000 Brits caught by Swiss franc backed mortgages in Cyprus, FranSix.
JUST THE BEGINNING…………
It sounds like the same kind of predatory lending that brought about the collapse of Lehman. And Swiss Franc mortgages are all over Europe.
BITGOLD:
Bob, How are they going to pay the bills and generate a profit ?
They certainly need to obtain a critical minimum of network users and transactions.
Storage fees are massive not to mention the other massive admin and overhead costs.
The company has arrangements with Brinks Company to have access to vaults in Toronto, London, Zürich, Dubai, Singapore and Hong Kong.
There promotional costs to generate customers is going to be huge As well.
BitGold would seek to list later in Hong Kong or Singapore.
That should bring more customers.
The gold is owned by the customers not BitGold , bitgold provides the platform and free storage to the customer
and charges 1% for every transaction.( 1% when you buy and one 1% when you sell)
Someone who buys gold just to have it stored is not the ideal customer , one that spends their gold is better for BitGold
The margins in this business at 1% are very low which means that for BitGold to be profitable they will need a huge customer base and large # of transactions per day otherwise they will continue to issue stock resulting in dilution.
Buying gold: 1%
Selling Gold: 1%
Gold storage: Free
Physical Vault redemption: 25$ + shipping + insurance
Send or receive gold payments: Free
BitGold debit card: Free
Transaction for sellers: 1%
Credit/Debit Card (Visa, MasterCard, Union Pay): 2%
Segment’s 5 and 6… very interesting…Thanks-Cory,Big Al and Bob M.
If you lived in Greece or Spain or Mexico or India and someone came to the door to tell you about BitGold and you had $15,000 in a bank account, what would you do?
BitGold has the potential for hundreds of millions of customers. Paying 1% to buy or sell gold is compelling and holding your own reserves in gold when all currencies are in a rush to the bottom seems pretty attractive. Spain hasn’t been getting the press that Greece has lately but their banking system is on the verge of collapse.
PayPal didn’t seem like it had a solid business plan at first but the numbers it generated made it a multibillion dollar company. With all the stupidity of government lately, holding money in the form of gold looks pretty good. Being able to spend it with a plastic money card makes it better than cash.
Yep, Interesting action in Spain right now.
How to Survive a Banking Crisis ?
http://armstrongeconomics.com/archives/31060
I would think a lot of people will be interested in bitgold, south american countries for example, actually anyone the realises their currency is being depreciated.
A big advantage I really didn’t appreciate was storage outside of your home country.
But with so much potential, bitgold really could get big.
Maybe that gap to $3 has to get filled, and maybe greshams law applys ,it could be dangerous due to so few shares, but I think these things will pass, eventually, people that buy shares will hold them.
Bob, their target in the first year is 50,000 customers. Long ways to hundreds of millions. At least it will be easy to measure their success as there is no way they can hide behind smoke and mirrors. Their financials will paint a clear picture. I hope they do well because I do want to open an account but not till they are clearly going to make it. It is the ideal way to hold gold. I would personally pay higher fees.
The dark side to bitcoin (inevitably).
peter r: They got 25,000 in the first ten days. You should follow them on Alexa, the biggest number of hits is coming from Spain, Mexico, Venezula and India are high on the list of people going to the site.
Alexa is not a good proxy for transactions only site visit.
I think the U.S. dollar was bought up as a hedge when European banks dumped their massive oil bets after the Swiss lost control of their currency. The exposure to Swiss franc mortgages is causing a housing bubble implosion in Eastern Europe.
Greece? Totally meh.
Chris Martenson – …DR. Chris Martenson…is a top notch guy and extremely insightful! He is emotionally even and a very clear thinker!!
No Dr. Chris..didnt pay me to say that…HAHA!!
Totally agree SD Marc: Wouldn’t have minded if he had!
Calling upon all U.S. citizens re Section 215 of the Patriot Act:
http://www.paulcraigroberts.org/2015/05/30/act-now-terminate-gestapo-patriot-act-john-v-walsh/
Ah, am I going to follow and listen to Dr. Chris…or Harry Dent….um….let me… see.let me see….what a hard choice!…..NOT!!!!…..Give me a break….very very simple…TOO MUCH MONEY CHASING TOO FEW GOODS…c’mon……dont make something so simple…..something so hard…stagflation is coming big time!!!
WHAT ASTOUNDS ME is that very smart people DONT SEE this coming let alone the 99% of Americans living in a vaccum full of champagne dreams and caviar tastes…gimminnnny!!
Bob M. – thanks for sharing the Bitgold info…very useful.
Q1: Is there enough gold in the world for the masses to have a Bitgold account (since this is a 100 percent conversion to gold & countries can’t even buy enough gold to back their currencies since they only say enough gold for 20 percent backing)??????
Q2: We need a running list of countries that allow a Bitgold account and a list of those who do not and a running no. of accounts- where can we find a link for this critical info??? (Bitgold website should have a real-time no. of accounts running)
Q3: Canada always bows down to U.S. pressure. Will Canada outlaw Bitgold under Canadian/U.S. Gov’t pressure if it threatens their currencies and system????
Q4: 1 percent in and out may be today……if the company is allowed to operate……years from now they can always increase to 2% or 3% and get greedy.
There is 3/4 of an ounce of gold per person in the world today. Given that half the people in the world survive on $5 a day, I think there is lots of gold around to support a gold system.
Q2. As far as I know all countries allow BitGold, BitGold has chosen to not allow Americans to hold accounts due to financial reporting (FACTA) It’s not an issue of the US not allowing it, it’s a case of BitGold not allowing US customers. In effect, the US has put on currency controls. Anyone who passed Econ 101 knows that currency controls always hurt the country that impose them.
Canadians still have some sense, Americans none. I don’t see Canada imposing currency controls. Some of the people north of the border can still add and subtract. To a great degree, Canadians understand the world better than the US. Bad Canadian newspapers are far better than good American newspapers.
I hope so. Canada is where my home is and I feel people have more common sense. I know so many Americans here in Alberta. It seems no one is happy with what happens back home. Some can not go back to US and other have to pay heavy taxes to maintain their citizenship. Two Americans in my group cursed Obama for 10 minutes in the group meeting. One of them is seeking to renounce citizenship. It looks like people living outside of the country have better sense.
The funny thing is I said “your president” to an American and he got pissed and told me, he is not my president. There is certainly a lot of hard feeling going beyond traditional American politics.
On the other hand, there used to be a broker in Luxembourg called Internaxx that did not accept U.S. customers when I first checked it out. You could be from anywhere else on the planet but not the U.S. When I looked at the site a year or two later, Canada had become the second country on earth that wasn’t welcome.
Now that it’s TD Direct Investing International, I do not know if anything has changed.
http://int.tddirectinvesting.com/en-gb/
It is strange. The reason that foreign banks don’t want to accept Americans is because US law requires foreigner banks to report bank american customer’s activities to IRS. Canadian law does not require it. This requirement is very invasive. I had no problem to open my bank account in China. They just checked my passport and opened it immediately. Off course even Canada requires it, they probably will ignore it.
There are a lot Americans in China. I don’t think too many Chinese banks report to IRS.
Bob, you give Canadian news too much credit.
They are owned the same as American news.
They omit misdirect and deceive on a regular basis.
Bob M – thanks much……..Power to the People……not to the Gov’ts anymore since Gov’ts are the root cause of all today’s problems with the great help of their banking and global corporate friends that have bought off all these Western Gov’ts and other Gov’ts in cahoots.
Inflation, deflation, stagflation
Armstrong, First Deflation then Inflation
Question for Doc, its interesting to me that “your” charts don’t suggest a hard fall on the gold chart, if I stated that to who I answer to the question back at me would be did your charts signal the hard sell offs in early 2013?, summer of 2013? fall of 2013?, mid winter 2014? and so on, if they did great, if they didn’t then why would you think it can’t happen again and the question would also be asked of me did your chart tell you the low at $1179 in 2013 was not going to be the low, or Dec 2013 at $1181 not the low either. If not then how could you know if $1130 is the low? and buying a full position this summer is the correct trade.
The monthly chart for all the periods of time you stated were indicating caution and not to be aggressive. The PM stocks were also signalling that fact. You currently can’t say that $1130 is the low since the monthly chart is still signalling caution. I personally am not buying a full position this summer and have said ad infinitum that as far as the PM stocks are concerned another good entry point probably won’t occur until the fall especially looking at the ETFs, GDX and GDXj. Right now the monthly is not signalling a hard sell off but more potentially a slow wind down to newer lows if new lows are going to occur. Can that change to a hard sell off? Absolutely, but that signal is not currently in.
Sorry Doc I thought you suggested in the audio today a full summer position is what your were looking for, I’m losing my hearing.
The monthly of gold shows even the blind that the bull bear fight is still on going, who would have thought that 2008 low of $681 would have ever put the trend line support it created in play at $1180 zone, wow!
ONLY one close above the 20MA since the bear in gold started, which was last March during the Ukraine war issue before it faded, $1243 key resistance
http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=10&mn=9&dy=0&id=p58031697608&a=410213040&listNum=1
JJ; what I would really like to see technically on the monthly gold chart is for a monthly close significantly above the 20 month BB MA. This would get my bullish juices really up and running. It’s one of the technicals I’m hoping and waiting for.
I’m with you on that Doc, I’d rather make money on the long side as a trader than the short side, I’m watching!
Agreed Doc. I am wanting to see a monthly close above the 20 month BB MA as well.
I prefer seeing a pattern play out on the longer monthly charts over the day to day gyrations. (However, I do end up swing trading the day to day gyrations anyway) 🙂
If gold takes a sudden big drop and bounces back up quickly, I don’t think the indicators would show that ahead of time ? Doc?
Gold is going to have a sudden unsuspecting wash. I know this for a fact. It should coincide with the Greece default.
True, right now anything could happen. If you look at the monthly MACD, it actually looks like it wants to head a little higher in June. Things have really quieted down for gold but something could happen to change that in a flash.
Doc,
It also looks like the trading range around the 1182 to 1210 area always has short candles because of resistance. The last three days are bunched up and ready for a pop and drop, or just maybe a big drop. Time will tell.
In other words. Sometimes big moves precede day counts like we have here.
Didn’t you call for a huge drop it in gold a couple weeks ago when it surged upwards?
Peter,
I thought the washout was last November too. As it turns out, was not the bottom. Yes, there has been times in the last few months that have looked good for a PMs washout.
It actually has looked much better other times than it does now ( from a gold chart perspective ) I don’t only look at the PM charts though. The gold weekly chart is telling me gold drops this coming week. I follow financial guidelines as much or more than the chart. And gold WILL drop like a rock.
1.) There is always plenty of gold. All that has to change is the price.
2.) From a BitGold press release: “BitGold accounts are free and convenient to open by anyone, anywhere* in just minutes.”
*The BitGold Platform will not initially be available to U.S. Residents and will be unavailable to residents of sanctioned countries
3.) True, but the U.S. has not outlawed it. BitGold has simply chosen, for now, not to deal with onerous U.S. rules.
4.) I would only view that as a risk if BitGold fails to get the number of active users that it needs to be a success.
Smart business men know that their personal “greed” is best served by keeping their companies competitive and serving their customers.
The comment above was meant for Samaki.
I will add that the response to Q1 will be a nice problem to resolve
for who owns gold :).
Mr. Bob.
I sure like to hear you, That’s probably because I see events exactly as you do.
The “tactical nuke” you are talking about in Ukraine was not a tactical nuke, I forget what it was, a fueling station, refinery, not sure now but it wasn’t a nuke. I followed the story on RT.
The VT article, we havnt had confirmation, so its possible it too was fuel.
The picture in the article showed scintillation in the form of spots around the center. That’s a function of neutrons, not overpressure. Months ago there was a similar weapon video out of Ukraine. I believe Pandora’s box has been opened and whoever is behind it is testing the waters.
Fuel doesn’t look like that. Even a ammo dump doesn’t go up like that. The NVA hit the Marine ammo dump at Dong Ha in 1968 and it went up for days but didn’t go all at once. This explosion appeared to be in the air.
http://www.veteranstoday.com/2015/05/29/how-israel-was-busted-nuking-yemen/
Cant say I know anything about scintillation.
The “nuke” in Ukraine was shown not to be nuclear.
Should the one in Yeman be proven to be a nuke, I think it is the “first” one.
Its possible, the Saudis were being drivin back at the time and isis had recently made an attack in Saudi Arabia.
They could have been desperate enough to use a nuke.
I can see one being “approved” in the U.S. if they thought it required to defend Saudi, the oil market would go nuts if the Houthis and or isis go far enough into Saudi Arabia.
But the picture sure does look like other pictures I have seen of nukes, as similar to controlled demolition pics are to the towers.
Odd tho, it not being on news worldwide if it was a nuke, especially RT.
wocsom…thanks…..retailers (all over the world) would have to accept the debit card for purchases…..that is a challenge to say the least……Bitgold would require alot of servers to handle the transaction volume (like a Mastercard/Visa) since they would be direct competitors. Starting low and slow… I get it but isn’t that the dream?
Samaki, I’m not qualified to agree or disagree but your comment seems reasonable to me.
Samaki, ahhh yes the dream, toss some Vegas money at it and if the momentum takes hold add to the trade, if it never does get street momentum its dead money
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=4&mn=0&dy=10&id=p31678110312&a=409671915&listNum=1
This is how I see it right now:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=4&mn=0&dy=10&id=p31678110312&a=410211777
My chart skills were not on the GDXJ chart I posted, just the overall trend of a dream turned into a nightmare, thanks
Anyone holding Harmony gold has learned the hard way to disss trading off the chart, would have saved yourself a lot of pain!, a lot!!
http://stockcharts.com/h-sc/ui?s=HMY&p=D&yr=0&mn=4&dy=0&id=p95528585380&listNum=1&a=410211569
I agree.
good charts on the dream turned into nightmares Orginal JJ and WMK.
Samaki: your comment is true but it’s my understanding that it will be a MasterCard in the same way that American or Bank of America issued debit cards but they still go through the Visa/Mastercard system. BitGold doesn’t intend to reinvent the wheel.
Samaki: Your question got me thinking and I think you have just hit on the key to financial success for BitGold.
I know they are issuing debit cards. I think they will be through the MasterCard system but it could be Visa just as easily. They will not compete with Visa/Mastercard.
A BitGold MasterCard holder will be charged 1% when he or she uses the debit card. But what we have all missed is that of course the merchant is charged 2/3% at the same time. It’s invisible to the BitGold owner but visible to the merchant and very real So when a BitGold account owner uses his plastic money, BitGold makes 1% from him and 2 or 3% from the merchant.
Roy Sebag is way too smart not to have a real business model that will make money.
Bob M.,
Question about the Bitgold debit card.
If the merchant has a bitGold account, do you think the customer can use the debit card and pay no fee on the transaction ?
Gabriel:
Now it gets really interesting, good question. If the merchant has a BitGold account, of course the customer could transfer grams of gold rather than pay in some currency other than gold and there would be no fee to either.
An advantage to doing business in gold.
Why would you use credit with a fee and not debit when there is no fee? Either way u need to have the gold. What am I missing?
I run $100k a year to my VISA and make sure I never pay interest. The merchant eats a % for the convenience but I still rake in 1% in points. I get a month with OPM. Why would I use anything else!?
You r talking about a traditional visa where you need nothing to back your credit and you arnt charged a few per transaction. With bit gold you need both. You need to purchase your credit in gold and you are charge to use your own gold. Again. What am I missing. Bitgold MasterCard is nothing like the one u use today.
I am not a chart guy Matthew as you know..but even I can tell that that chart looks encouraging as we finish the “SAUCER LIKE BOTTOM…and preparing for liftoff…correct??
Correct.
For lift off to take place instead of just hope, you’ll need the GDXJ to stop making lower highs AND lower lows that’s #1 then the resistance level which has held every advance since 2013 will need a weekly close above @ $36+ Yes for the first time since 2011 the upper resistance has been broken but at this point its only due to a weak pop within the key channel created off the April 2013 breakdown area
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=4&mn=8&dy=0&id=p30933359228&listNum=1&a=410212269
I didn’t see any pop at all, not even a weak one but I have noticed hidden strength, not weakness since the March low.
At this point the weak pop is off the March lows = 25% incline, lets see if it turns into a real pop taking out $27.29
I guess the lack of vertical moves, excitement or even recognition of a short term uptrend makes me think that “pop” is the wrong word.
For a real uptrend to be in place I’d like to see GDXJ take out the $30.10 prior peak from January 20th.
I actually expect the $27.29 to get taken out, but don’t know if the Jr Miners will have enough juice to get above the $30.10 level, and I expect the “Pop” when it happens to get up into the mid $29s.
Higher highs and higher lows make the current uptrend quite real. What you’re talking about is simply what I would call an intermediate term uptrend which would show well on a weekly chart not just a daily one. Of course, the long term or secular trend will require a new high above the 2011 high before we can be sure it has begun its next advance.
A lot of money can be made before each higher degree uptrend begins.
Interesting Gary that you held short positions in oil, yet your suggesting a bankruptcy phase in the gold mining sector but won’t hold a short position, say what?
Be careful Gary with that Euro short position as next week could be a real direction driver for the Euro either way although the chart suggests a long position Thursday.
The ECB has inflation data out before the ECB monetary meeting on Wed
http://stockcharts.com/h-sc/ui?s=$XEU&p=D&yr=0&mn=3&dy=0&id=p32394245850&a=410034164&listNum=1
The #1 data that the market is watching off Yellens remarks is US NFP which is out next Fri, US$ chart rolled over late last week right at the first resistance zone, a strong NFP could put the $ attacking that 99+ area of resistance and a very strong NFP data would have the market sniffing at a June hike, spin but spin it will
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=5&dy=0&id=p82346047331&a=409776590&listNum=1
This could be a game changer for the EURO$ and global markets, I don’t see anyone else giving this heads up, inside info?
Its one way to save Greece pile all the debt crap into the European union what they should have done when the E$ was created, morons!!
I don’t think it would have been politically possible to consolidate the debt when the euro was created. Remember that bankers pull the strings of those “morons” and they probably planned the scenario that would allow them to finally do it.
No bitgold for ‘Mercans….as Shrub calls ’em….sorry, your rulers will not allow it. Heck you’ll be lucky to even keep your paper and coin fiat…they are in the process of outlawing that.
No deflation. Anyone who has to buy necessities knows that….gotta stick it to the Sheeple.
Chris,
You gotta get out of Illnoise. The whole damn state is on the verge…and the Democraps are gonna tax the shiite out of you.
http://globaleconomicanalysis.blogspot.com/2015/05/five-chicago-suburbs-headed-for.html
Jeff Berwick: Systematic Market Crash to Occur on September 13th, 2015!
http://palisaderadio.com/jeff-berwick-systematic-market-crash-to-occur-on-september-13th-2015/
OK, 9/13 but at what time? 🙂
Funny Jade Helm. 🙂
Normally I don’t put much stock in these kinds of claims, but I had been targeting September as a likely place for a crash due to Fed rate hike jitters, a potential US dollar spike, and bond market madness. In addition, we’ve had a number of crashes and booms in history during Sept and October.
I just thought it was interesting because there were so many meetings of world leaders at that time, and the 2001 and 2008 crashes coincided with the Jewish year of debt forgiveness on the actual date of Shemittah. Here is an audio excerpt from the video:
“The date happens to be September 13th and around September 15th. There are a number of reasons. I started looking at that date. I do not want to get too in depth here, too detailed or complicated, but there is something in the Judaic religion called the Shemittah. Every seven years there is a washing away of debts.
Due to some research I noticed that almost every major market collapse happens during this year and usually on this one day when the Shemittah year is finalized. It is the final year of the Shemittah. I looked into it and this year it happens to be September 13, 2015. The last Shemittah was in 2008. That was the day that had the biggest point drop in the stock market of all time. Seven years before that was 2001, just after September 11th. On the final day of the Shemittah, September 17th, the New York Stock Exchange reopened after September 11th and fell, I think, the most in history at that point.
I have been just looking at these dates and then I start to put together that there is this massive military exercise going on in the US right now called Jade Helm. It runs essentially from July until September 15th. On September 15th there is also a meeting at the United Nations for their 70th Jubilee session, and most major world leaders are going to be there in New York. There are so many things. The pope also is going to be speaking at, I believe, the UN or Congress on that day or around that day.
There is something happening and I am still trying to put together all the details and all the numbers, and all the facts. I think something is going to happen. I do not know what it is going to be exactly, whether it is a complete financial currency reset. If you are looking at what the US government is planning for, looks like they are planning for a huge amount of chaos in society. They are planning for it. They are war gaming for a financial economic collapse. They are doing drills for it. There is something that seems to be in the works.
Now if I am wrong— and this is the great thing about this is if I am wrong and absolutely nothing crazy happens in September, I am still right on all the things that you should be doing right now. Because I think the collapse will come quite soon, very soon, as soon as maybe even September, if not in the next year to no more than couple of years at this point. I do not think so. All the things to do, that is, if you expect a September collapse to happen. Even if it does not happen you are still going to be positioned well, being in things like hard assets outside of the financial system as much as possible.” — Jeff Berwick
Mr.Downs,
I enjoy listening to your segments on KER. Even though you can’t tell us what is really going on, your commentary is much better than the main stream propaganda.
It’s good to see some of the corporate officers wanting to unwind the patriot act. Millions of Americans are aware of the fact that the patriot act was not about chasing the made-up boogeyman around. We know the 911 conspiracy is not a theory. We know if there was a real threat of terror, the southern boarder would have been shut down many years ago.
What did Rand Paul mean when he said, ” the GOP hawks created ISIS ” ??
Is that why no one in the corporation ( can’t call them government after the act of 1871 was passed to circumvent the constitution ) or the media Questions…why…or…who is funding ISIS?? Is that why ISIS is called dash or ISIL?
It is however free edging to hear the Clinton’s have been indicted for RECO violations. Guess Hillary won’t be running, eh?
It’s also refreshing that the ex speaker of the house has been indicted too. I’m sure that went over like a lead balloon on the beltway, given how many are subject to dereliction of duty.. It looks like some changes are about to be be made.
And God Bless America for that!
Your thoughts on these matters would be appreciated.
Charster……….thanks for mentioning ……Hillary on the RECO CHARGES…..game changer…..PROBLEM NEXT WILL BE BUSH AND NWO.
Spell check.. * it is however ” refreshing “
Mr.Downs,
I really would like to hear your thoughts regarding the act of 1871.
Thanks in advance. ( ;
DITTO
I also question ” who-what entity ” is funding ISIS?
Why is it Not questioned or talked about?
If we are to repeat last Junes early July “pop” in gold and the gold shares this week could be the deciding factor creating a decent swing trade.
ECB again will detail to the markets just how much they are going to juice their QE program during the summer months, they suggested so just when the Euro$ was hitting a key resistance area at 115 two weeks ago, a weak European CPI will allow such action and its released just before ECB meeting.
Then the US releases a weaker than expected NFP data which is all BS but anyhoot, that removes any suggesting of a summer rate hike sending the $ lower. The fed is trapped in a corner as they can’t tell the markets US economic growth is there yet not raise rates, but last weeks data was all weak, by Fri close we are going to have a clearer picture to where the currencies and gold are headed for June, well at least till the FOMC meeting June 17th
June 2015 repeat June 2014?
I have just listened to Hillary speak , i i think she was better at it than i thought she would be. I still will not vote for her. I also heard Carkt Fiorina speak [also on c span] and she also is improving her speaking ability. If the [stupid] old men who run the GOP fail to include her in thier debates , they will regret it. See the elections in UK [england] they only took about 5 weeks , and no one was allowed to buy advertizing time on british tv . We need several constitutional amendmits including a complete reform of our election practices. end the length of elections, and make every state use primary elections to pick candidates. These caucases like IOWA . are not fair and favor small intense groups who end up picking our Presidents too early , and not in a fair way. best of health and wealth to you all S
Comment on Canada and the passive dumb down folks here.
If you run a business you are taxed to the hilt. You need 2 people to handle the paper work. You spend all you or time counting GST PST WCB and making sure your income tax is paid or they threaten you with jail. I’m in the U.S. And everyone beats it down but if you like paying 40-100% more for everything and including a huge pile of blood sucking deAd beats In This socalistic country common up! There are so many bloody laws Keeping you safe from yourself I lost track. I’m in the U.S. Now and it’s pretty dam free in comparison.
Here in Montreal politicians are trying to ban grocery bags… as if it’s the most pressing issue in the city. It’s the only thing they’re concerned about these past few months. Who cares about the sinkhole that is forming in the middle of the street not far from where I live (mind you I have called the city 6 times since March, and they still haven’t shown up). They don’t care anymore. It’s all me, me, me and how to con the populace into voting for them. I’ve just about had it with this city and country.
Bill, a fair or flat tax would help both countries. It would simplify the tax code and help the economies. But wait, would the queen and Vatican still get their spread? Hmm
Flat tax……starts low………then will rise as the worthless politicans and govt need more money……….they always need more money…………..FLAT TAX, means you are going to be FLAT BROKE……………
LESS GOVT…….is only solution………
I agree with that chartser but the problem is the Canadian Government brings in more and more tax law bureaucracy because it creates jobs. Bean counters. I spend so much time on tracking expenses and then off to the bookepper at $50hr the. To the accountant. That’s the short story. I’m I’m not working I’m counting taxes to make sure those bastards get theirs.
Another example of taxation is the 2 new bridges in Vancouver and the tolls. They need 2 organizations to run this crap. Bunch of hired bums sitting on the other end of the phone at Treo. That’s job creation. Everything that breaths moves or farts is taxed. I got to run… And get a permit from city hall so I can burn some leaves. They will never flat tax. I wish. They get 60%++++ of my earnings Nikel and dimming through general and hidden taxes
F’em Bill. Go underground if you can. Hey, look on the bright side… they just got rid of taxes on tampons. Everyone around me (men and women) are happy like a pig in mud. I just don’t understand it.
Tax his land,
Tax his bed,
Tax the table,
At which he’s fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his work,
Tax his pay,
He works for
peanuts anyway!
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries
Tax his tears.
Tax his car,
Tax his gas,
Find other ways
To tax his ass.
Tax all he has
Then let him know
That you won’t be done
Till he has no dough.
When he screams and hollers;
Then tax him some more,
Tax him till
He’s good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he’s laid…
Put these words
Upon his tomb,
‘Taxes drove me
to my doom…’
When he’s gone,
Do not relax,
Its time to apply
The inheritance tax.
Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
Then make him a criminal for using paper or coin fiat!
STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.
What in the heck happened? Can you spell ‘politicians?’
I hope this goes around THE USA at least 545 times!!! YOU can help it get there!!! Please play this forward!
GO AHEAD. . . BE AN AMERICAN!!!
Considering the income tax was only 1% at the time of the CIVIL WAR 1861, and for the purpose of financing the war………. WE HAVE COME A LONG WAY……
Have you lived in Canada ?
3 licenses to go fishing and get insurance too. You want $5-$6 gallon gas. 24$ for 12 beer. I’ll trade ya. We are screwed but the Chinese pouring in will help. I near hate this place now.
Tea time again.
Boston , Tea that is………….party time………. Constitution wise it is time for the people to revolt against a few lousy leaders.
The problem with our species is we think that we are immortal, we are only part of evolution like the dinosaurs we will be extinct, only we have created our successors by developing technology that will make us extinct. That is a first for any species we know of that has inhabited our planet. Modern man will not survive the near future there are just too many challenges for us to be able to adapt to but we have created artificial intelligence that can. DT
The dinosaurs will have the bragging rights because they will have lasted much longer then modern man, so who is smarter?
IT AIN’T OVER TILL THE FAT LADY SINGS……. 🙂
Does that mean Shillary Klinton is the next prez?
good one……..Jade 🙂
Funny!
Great Point DT!
DT is correct. Man is foolish in most of his ways and its all
going to come crashing down. Starting shortly. Looks like
its begun.
The dreamers, the wannabes and bullsh%ters will insist
everything is going to be fine and prosperity is just around
the corner. UH..HA..HA..HA.. better get busy by The Wishing
Well. One thing I do get out of this board is ..bustin out laughin
off my chair. Its a muppet show. Just hilarious, keeps me chucklin.
Ha…haaaa where is ole Harvey when you need him. Everything has
me bouncin off the walls in here. Oh, …the joy of laughter. 🙂
Jade,
Very powerful point! And so true it is!
This is the simple way to fix it all and return liberty and a prosperous nation. It’s real simple. It’s only three things.
1. Repeal the act of 1871 and go back to the organic constitution.
2. Go back to common law and get rid of admiralty law.
3. Go back to an asset based currency.
It’s really that simple. All the problems of taxation and corporate manipulation will go away if those three principals where adopted and put into law. By the way, it would bring back a true republic. It completely gets rid of the oligarchy and will hold the elected officials accountable. As they instantly are jailed for breaking constitutional rules.
They have kept Americans down by brainwashing them on focusing on the day to day small things that undermine the truth of dismantling the tower of power. It’s why educating Americans the simple truth is so important.
It’s all about 1, 2 and 3. ( it’s the path back to freedom )
Chartster ……..you’re the man on the ACT OF 1871…….people need to know….
Thanks, j……Long………
It’s ..way…too important to Not talk about daily. ( which I do )
ditto
Good guys all of you – Jade, Chartster, Frank from Russia and many more – encouraging!
thanks A…………
They wouldn’t listen to Ron Paul and he had a better batting avg. then any of them. I just wonder what those in charge are doing with their money, since they have insider info. Do you think they have gold???
They might not listen to one man, but they will listen to millions of Americans.
Americans just need to know the truth and stop the water cooler BS talk.
It can’t be underestimated of the importance of being educated to the simplicity if those three principals and showing others. It’s the only fight. If you got any fight left.
Good luck on wishing for smaller governments. They are a self preservation entity. A complete revolt is the only way to reduce taxes. In Canada it has become CHARGE WHAT THE TRAFFIC WILL BARE. or sheeple if you will..as the majority of Canadians are idiots.
GOOD LUCK IN GETTING YOUR MONEY OUT…………..zerohedge………nice info if you do not already have some available cash on hand………..like now.
I agree with you completely r scott. Elections should be about idea’s. Also the media is suppose to treat everyone the same, not take sides.
But I have a question, who owns and controls the Partys ?
Where’s Ebolan?
■■■■■■■■■■■■■ HOW IN THE HELL IS ANYTHING GOING TO BE FIXED ■■■■■■■■■■■■■■■
………………………YOU GUYS STILL DON’T KNOW WHAT THE PROBLEM IS…………………………..
Everything you people discuss has litlle to do with anything.
What will it take for you people to wake up ????
Billions of lives lost. Probably not. I’m sure a few will but its
looking very grim.
Expect by the end of August for massive world breakdown.
Don’t give me any lip because none of you will last 2 momentos
in a debate right now.
Then again, who wants to be the new….Whippin Boy.
STEP RIGHT UP….I’m waitin for ya….done tired of all the lies and B.S.
You ready for WW III????
https://www.youtube.com/watch?v=OBzSe5Ph2OE
And martial law? Or marital law if yer not nice to wifey!
Inflation, deflation or stagflation?
How bout we jus call it ‘flation? That’s what Shrub would call it.
Jade Helm 15 is going to get the party started.
They still won’t wake up when their lives are
not their own.
Inflation…etc etc etc has nothing to do with anything.
Yes, WW3 is in the pipeline but these people are in complete
comatose state.
Anyway, its already too late. Total destruction is just around the
corner.
America is finished. They bought the fiat money scheme
and removed God from their lives.
THE HAMMER IS COMING DOWN HARD. How severe is
unknown but life will be miserable if anyone can survive.
Expect a very tragic life ahead for America
and the world.
THATS IT…FOLKS….like it or lump it.
Its done and almost over. Within months.
Anyone who wants to debate it….step forward.
You will be left embarrassed and you will be a…
New Whippin Boy here. I’m so sick of the ignorance
and lies. People have become so complacent and
niave. Its alarming.
WW3 is no match for anyone….no matter
how smart you think you are, how wise,
how famous, how wealthy and massively
rich…….
THIS POOP CHUTE NO ONE WILL FORGET.
Thats if…one survives. Even so, there won’t
be a life worth living. Major collateral damage
will result. Mark your calendar. Time is short.
○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ END OF DISCUSSION….start a new topic and leave this subject alone. I see whats coming
and its irritating. I’m not looking forward to it so its disturbing to me as well. Thanks, please
no messages. However, always looking for a challenging debate. OK… tamaguchi 🙂
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HH You’re so full of fear. It ill behoves a man who claims to love God and his fellow humans. No, we’re not all going to be swept into one huge sulphurous pit, and even at this eleventh hour WW 3 may yet be averted. Of course we desperately need real spokespeople like Paul Craig Roberts or Gerald Celente and many many more. A long time back you recommended Chris Martenson and rightly so. So of course we need people to speak up against the stinking evils seen throughout the world
But your task my friend is to NOT proclaim a diet of unremitting fear, but to stand up for the right, to encourage as far as possible all those on this site, and to walk humbly with the Lord your God. Ranting and raving will not achieve its ends. Worse still you could put the backs up of many who see you as a typical firebrand of all that’s unsavoury about religion. And please do not construe my remarks for weakness!
I still hope to call you friend.
Take care, Andrew
Reverend Andrew, that’s fine. I have never claimed to be perfect and
never intended posting this weekend. At least, let me make one thing
clear because God who is our creator has been very gracious and
patient with mankind. God will not always strive with man and our
world unfortunately for mankind is in rejection and rebellion against
God.
Until America and the world turns back to God and there is true repentance
we are not going to solve any problems whatsoever. Our planet and world
will eventually end tragically and all the signs are already here. The 7 year
tribulation is part of Gods Word. You may not accept it from previous
discussions in the past however, but I fully do.
My point is this. Until we turn back to God and stop removing him from
our lives our worldly life here living in sin is coming to an end. Won’t
matter who is leading, if all our debts are paid and anything else that does
not include God that mankind believes it has the answers for.
You can’t continue on a path we are on and expect blessings from above.
Everyone is seeking answers but the one person our creator God they are
rejecting is the same one who can solve our problems.
I know, many will disagree or mock me but judgment is already here or its
on it’s way very soon. That’s okay if people want to disagree. That’s not my
problem. God is being mocked by most people but time will tell us soon how
everything will work out. Things are increasingly getting worse and the
blessings from God are not forthcoming with a world so spiritually disconnected
as it is now. And yes, it’s scary. I’m only human and with God by my side is
comforting but we do have emotions and feelings. I’m far from anything
remotely perfect and God knows that. I know that. Nor is anyone else. I’m
washed clean by the grace of God through belief and repentance.
Best always, peace and blessings !!!
HH, you mention “America needs to turn back to god”
I guess if you mean this god of Abraham upon arrival he never left, but if your talking about a “god of love” which I assume you are, my question is, when was there ever a dominant one in America?
Surely it wasn’t the time of the genocide, or the times of slavery, or the times of the religious pedophilia, what time is America supposed to go back to? The time of invasions and over throwing governments? Cant be that time were in it now.
Seriously, what time? Im not persecuting you, I just wonder in your mind when was America dominated by a “god of love”? Which time period are we supposed to go back to?
bb, the God of The Holy Bible. Abraham, Isaac and Jacob both the Old/ New
Testaments.
Anything is better than what we have now. So maybe 20 years. We had more
true believers and less false teachers and believers. What we have now is a
horrible apostasy problem in most churches.
Its gaining speed going in the opposite direction the church should. Not improving
but worsening. The majority of people are mocking God now as well.
America and the world is in a very bad spiritual crisis. This is not going to be positive
for all of mankind and will end in catastrophe.
HH, I didn’t think you would answer.
That’s because there is no answer to, “go back to god”, there never was a time in America the nation even attempted to follow the example/teachings of Jesus .
As a matter of fact there was not a time of Liberty either.
Ya gotta be asleep to believe the “dream”.
So, when you say, “time to get back to god” in america, maybe understand the times you have to choose from?
imo, those are the times we should be distancing ourselves from as best we can.
Only a small group ,which left England in 1623……..and ventured to Jamestown
You need to start with some English History and go from there and the 3 ships that departed England….THE JOHN, THE ANNE, one other which slips my mind at this time.
Try dates 1622-1623
Oh…bb…your only objective and motivation is to
accuse.
For all your answers try and google it next time.
Stop harrassing me..bb. Hopefully, God can speak
to your heart and sofen it as well.
Good luck with your endeavors. .bb. You’ll need it
with destruction coming to a God rejecting world.
Thats advise for all of us. You’re not alone ..bb.
Moscow Frank, I believe your correct, but that’s not exactly “the nation”.
HH, Im not accusing you, nor persecuting you, merely try to get you to see logic.
This god of Abraham is not really a fun guy. Excuse the expression, but try looking at the forest as opposed to the individual trees.
The god of Abraham story runs from the Torah, then Talmud, (to dispute Jesus), the new testament and ends with the Koran.
As Moses spoke to god, so does Bagdadi, both feel genocide,slavery etc are fine as the god of Abraham says it is. (for whatever reasons, those enslaved don’t really care) Heck, in a hundred years another book of the Koran could be added, the Book of Bagdadi.
I understand the different groups attempt to have people focus on 1 part, I prefer the whole story.
Heck, if you really get “possessed by a demon” you could even read the Indian and other records.
This is one of my missgivings of religions, they seem to restrict knowledge.
No offense HH, I am not accusing or persecuting.
And understand, I believe Jesus told the truth too.
Im just trying to get you to see what your praying for, as they say, careful, you could get it.
Following God and obeying is not recreational bb.
Abraham with a capital “A” was a good man of God.
What you really need to do bb is discover God and
his ways. That takes invested time.
Or you will always be confused.
QUICK ANWSER……..We are not in the TIMES OF THE OLD TESTAMENT…..and we had a correction from GOD, that changed things starting with JESUS.
We are in the AGE OF GRACE.
That age of grace is about to expire.
The deceiving spirit is coming and God
says you refused to believe the truth so
now you can really believe the lies.
Not in the times of the old testament Frank? check out whats going on in the middle east. Kinda similar to Moses no?
HH, I never said Abraham was not a good man, I said the god of Abraham was not a fun guy.
I said bb…following Gods ways is not recreational.
You…no comprendo ??? You machado?
🙂
NEXT COMES THE RAPTURE………1 Thess 4 13-18….
THEN the 7 YR. OF TRIBULATION …….Math. 3-7, JER 30-7
as specified in the AGES TO COME……Eph. 2-7
THEN THE 1000 Yr. Kingdom on Earth…… Math. 8-10, Dan. 2-48
THEN THE JUDGEMENT ……..Rev. 20
QUICK ANSWER…….bb……..Middle east…..who is CHOPPING OFF HEADS?
Actually Frank you missed my point, altho you made it for me.
Your group feels you should focus on the new testament, the Jewish god of Arabrham worshippers feel the old testament is relevant, there are groups of Jewish god of Abraham worshippers that like the Talmud, and the Moslem god of Abraham worshippers prefer the Koran, which includes Jesus with parts of the new testament.
I am just saying, they all have parts of the story.
Who is chopping off heads? That would be our allies in Saudi Arabia, so many in fact they are hiring more executioners.
Opps, you mean the God of Abraham worshippers in Iraq and Syria, my mistake.
Sorry, couldn’t resist.
Listen to Frank. …bb…he speaks the truth.
God Bless Franks new ministry.
All he’s doing and you…bb…do yourself
a favor surrender to God.
YOU SHOULD note bb…….THE JEWS HAVE BEEN SET ASIDE.during the AGE OF GRACE….THE JEWS will be in the 1000 yr. Reign…….and has nothing to do with GENTILES…..This is described in ACTS.
The only escape for the Gentiles is thru. GRACE.
FIGURE OUT who JESUS IS ……….and you will get the story correct….THAT IS THE REAL PROBLEM WITH PRESENT DAY MAN.
No thanks HH, at least not yours, make a mistake with that guy and your tortured forever.
Not a fun guy.
Frank, no offence to the other Jews but there will be no thousand years of peace until the Zionist are gone.
Which looks kinda doubtful as long as the Christians support them.
QUICK ANSWER …bb……..ABRAHAM HAD TWO SONS…….one legal, the other thur a bond servant………ISSAC and ISHMAL……go read about in Gen. 17
That is called the TRIBULATION ….bb
You are mixed up as well as the confused Christians why , we respect the JEWS.
if YOU get the TIME LINE correct you will see what I am saying……bb
I know bb. But you inherit all of what God owns !!!
The world and false gods only there to see you
be punished for eternity.
God promise is the best deal out there. It’s a free
gift…take it bb….don’t make a foolish eternal
mistake.
10 minutes from the time of this post:
11:00 am Belfast time:
“Let’s Go Free Some Captives”
http://www.metropolitan-tabernacle.org/content/
watch “LIVE”
– or archived service is “on demand” later in the week.
– they usually have some excellent Sunday morning music as well.
Thanks for the link Irwin. Will check it out later.
Always up for a good message. Yes Christ is
returning. PTL MARANATHA.. ..this world is
in serious perilous times.
An oldie from Whitewell Metropolitan Tabernacle Belfast.
Vintage Whitewell – Let The Fire Fall!
https://www.youtube.com/watch?v=gtmj5xBdVDg
Those are the church services we need again.
Night and day from what we have now. Those
days are gone forever. Not many around.
The enemy now is occupying most churches.
Take your bible and use a sharpie felt pen
scratch out what you don’t like.
That’s what the do and rip out pages.
Check out….. 2 THESSALONIANS
Shemitah by Jonathan Cahn
https://drive.google.com/file/d/0B6g0LtcPlQoAd3FZTVFYMXNtZ3VtMlVacTE5NjE2aVpDblVN/view
The man of lawlessness. He’s behind the curtain
ready to make his debut. A savoir to the unbelievers.
The man…bb..is losing for.
Shemitah……..Might fall under signs and wonders……as…The Jews are of need of a sign. OR, we are not to look for astrological signs , for they are of foreign gods
Anybody know of a good web-site where those that can make a living off chart trading the markets can share their knowledge of trading, not day trading either
This place is for end of the world whack jobs and religious god pumpers.
Thanks!
I do not know of any trading and chart action on Sat and Sunday……
O-jj
There’s always TA Paradise:)
-where one could throw a pair-a-dice
-and they don’t like gold that much – url notwithstanding.
http://goldtadise.com/
What’s all the fuss, watching the Greek situation get kicked down the road is like looking at the break up of The Old Soviet Union. We know it will happen, the World is in so much debt that when the drain opens up and Greece finally gets flushed the implications are critical for all the indebted nations, so the central banks will do whatever they can to keep Greece in the euro. It will happen, Greece can’t be saved. The World and Greece will be better for it, so what’s all the fuss?
HH, JJ I don”t know which of you two old farts make me laugh louder. A nice way to round off the weekend!!
Sorry, I’m still in my ..prime.
That is what Doc Holliday said to Johnnie Ringo……….”I’m in my prime” , GREAT one liners…..
Johnny Ringo asked Doc Holliday are you retired too.
He replied….no, Im.still in my prime.
Johnny said…ya….you look it !!!
Great movies of the past. Where did those years go.
DITTO……..
Are you retired too, Frank. lol
Yes…………..been retired for over 10 yrs………I am 66
Then you’re ready…harpazo rapturo….
Ha..Ha…when it really goes dark everyone
will want to be gonzo !!!!
Some love the darkness.
Frank, you retired in your early or mid fifties? That is pretty sweet. What line of work were you in?
real estate
The worst place to be
HH Have you heard of roypottega? You can see him on SGT. His utube posts are sensational. Have just come across him and he’s a guy you and I should have total affinity with.
Blessings, Andrew
Thanks Reverend Andrew. I’m gobblin up all the info and sorting through it
everything that’s worth reading and listening to. Do you have a link ?
Anyway, I will check it out. I know SGT. There is so much out there and
garbage flying around a forensic is required.
People may scoff but Jade Helm is definitely martial law. Texas is the
heart of America too. They always start from the center of a country
in a anarchy take over. Greece is collapsing and the timing of all this
is fairly obvious. Interest rates are being held down like a balloon under
water. They elite central planners know very well all the dominos are
going down. Thats not even scratching the surface. There are hundreds
of moving parts and info thats leading us to total destruction.
Personally, I know for a fact I have much more time invested in research
that many on this board time wise put together. Doesn’t mean I will be
correct. However, I’m a lot closer to the truth. So far the world is not fairing
very well as predicted. We have only just begun the journey of the worst
part coming up. So, we still occupy Disneyland until the rubber band ….
Snaps. We will see in the many weeks ahead.
You’re the watchman…HH….hang in there….that’s why I suggested you read Thess…….you the man on that subject.
Like I told Reverend Andrew it gets tiring and you become weary.
If nothing happens by year end definitely going to pack it in.
Never to return here. Not going to happen though…SHTF is what’s coming.
The link as requested. I think this guy is really great!
http://sgtreport.com/
Scroll down below Peter Schiff. Secrecy is deceit…
I will listen and learn Reverend Andrew. Thanks
for the inks and info.
Just so you know it makes me tired and weary
following it all. What choice do I have though.
The eveidence is overwhelmingly IMHO something
huge is coming.
So I have compassion for those who don’t care. Is
that the right thing to do though. Every time my mind
asks me that question its not the right decision to
ignore these perilous signs.
Anyway. …we will see as usual. We are down to several
weeks or several months. We should start seeing real
good evidence soon as its going to be difficult to conceal
what they are hiding and not telling us. And of coarse they
are not going to tell us. They never do. Destruction could
come anytime as well with not a moments notice.
That is scary. Not fear mongering just the truth of the matter.
Roy, hits on some of the key points leading us to total
destruction. He understands some of the moving parts.
There is a lot of them. He’s excellent and by no means
is he misleading. This is spiritual and physical warfare.
Very dark evil forces are now in play.
There is so much more but Roy is aware of what’s in play
now. The enemy is definitely occuping our governments
and that will lead to anarchy. From all the evidence its all
coming down soon. IMHO and all my research. Time will
tell though. In fact, my mind is made up without anymore
evidence. Regardless, I’m staying informed as much as I
can. I want to be ready spiritually and emotionally. As I have
said there will be no notice or very little when destruction
comes.
To add…the end game or final goal is …they want your soul.
People can’t relate but this is what they are after.
Its here. Technology plays a significant role in this.
Time to stay alert. Remain walking with our Lord God. IMHO
BTW….they can’t have my soul. The bastards.
I’m so pissed off just thinking about it. I get furious.
F….them…sorry I’m sick of it. However, we must endure
to the end.
Not only that there will be so many people that
end up in destruction. Many..many are being
deceived.
Its heart wrenching.
Like Roy said they are not going to wake up
only when its too late.
I have family and friends that will be caught
in the snare. On their way to great pain and
suffering. I’m sorry but that’s the truth.
Its grieves me. Time is short too.
P.S. I’m a lot older fart than you btw!
Well, I guess that makes 3 of us now. Old Men Rules Club.
Welcome aboard Reverend Andrew. 🙂
Accumulated knowledge…………250 yrs. or MORE…..
Even so, mens hearts will be failing them for the
things that are coming upon the earth.
a more relevant message= CLIMATE CHANGE
https://www.newyorker.com/magazine/2015/05/25/the-disappearing-river
John Kerry Breaks His Leg !
And Joe Biden Son Dies At 46 ! GOD RULS !
Another Banker Bites The Dust ! GOD is in CONTROL ! https://jwilliams7497.wordpress.com/2015/05/29/another-banker-bites-the-dust-77-a-29-year-old-investment-banker-died-after-leaping-from-his-financial-district-apartment-building-video/comment-page-1/
AND YOU ALL NEED TO KEEP LOOKING TV ! AND FAKE MARKET NR AND FAKE ENEMYS AND FAKE STARS AND FAKE SPORTS AND FAKE ?????? https://www.youtube.com/watch?v=tNP8Eudq2WI
START PAY CASH ! Ore day will EAT YOU !
Its all a bunch of phoney rotten corrupt lies…franky.
The NWO is now going into action. But people like
all the..la..la.land lies. BIG SURPRISE IS COMING !!!
I know, see it all the time in a box of Cracker Jacks.
People are surprised after throwing all their money
away on lotto tickets. DUMBO !!!!
PAY CASH YOUR LOTTERY TICKET HH !
Franky, I never buy lotto tickets and wouldn’t do it
with someone elses money.
IMHO…its foolishness.
HH ! The teenagers have dear ( FAKE MONEY ) money one daer fingertips ! A total disaster ! Day no need WW3 ( WW3 is in are citys homes families ! Day will control ALL !
Lots of truth to that..franky. People are their own
worst enemy.
WW3 is coming franky. It cannot be stopped.
Hunker down !!!
Day will never destroy this wonderful individual electronic banking system ! So no WW3 only a new PRISON in your HOMES !
Not according to God of the Holy Bible.
WW3. franky !!!! Be careful….bye…bye…buy
I AGREE ! When jesus comes it’s all over ! I afraid we will have same suffering first !
Not too too much frankly. If we love our Lord God with
all our strength and might he will deliver us from the
coming wrath Nothing to worry about then.
Its those that question faith and non believers who are
in great peril. Many are now being deceived.
They are blinded by the lusts and things of this world.
OK ! I’M GONE ! https://www.youtube.com/watch?v=GstwLblPpIM
Going out with a ..bang. ..Frank !!!
No more of this 🙂
Franky…. not that guy from Moscow.
maybe……..I should change my moniker to Moscow Maniac or just THE BOOT.
Maybe go back to J.
You seem to live moscow too much though.
like , not live….or both 🙂
Primero Mining gets Zack’s #1 Strong Buy rating.
http://finance.yahoo.com/news/increased-earnings-estimates-seen-primero-125512643.html
I added to my PPP position recently.
I’ve been keeping my eye on Primero Mining lately looking for a good entry point. Thanks for posting the link Matthew.
Matt, Doc
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Gold Spike in June and an ‘Exciting’ September
Friday, May 29th, 2015 | Filed under Money | Podcast Guest: Bo Polny
Podcast: Download (Duration: 22:56 — 21.0MB)
Markets are like comedy, timing is everything.
Question :
When gold drops, let’s say like Gary says to 1000. Then it drops again to 800 like Rick says. Then it drops to 5 or 600s like I think?
When it drops to 1000, most investors will buy mining stocks thinking it’s the bottom? Most investors that are in mining stocks have no choice but to stay put knowing they will come back?
So, gold could have a big washout and the mining stocks could go up during that period?
Many miners should fail during the washout phase, but could still make it because of bad investor choices and rising stock prices?
Very tricky play coming when gold starts to drop…
Harmony was once on the top of the list of HUI.
Scary stuff!
Yes it is scary Chartster. A scary business indeed. A huge gamble.
Taught me a lesson. A friend I have could care less about all this. Started out small building and designing homes in Vacouver. Worth maybe $25 mil now flying around world checking off his bucket list. The very very high percentage of people chasing the gold bullshit dream will and have crashed and burned. Look up Falcon Homes. The other Formosas are Wealthy as hell too. Buying up good realestate over the years. To late for me as I owned a fair bit myself and bought into this BS as so to “protect” myself. Can’t afford to buy back in the way I was. Bottom line never sell and accumulated good land / realestate. You’ll have something to give you kids and so on. I can see clearly through the gold hogwash now.
US Sec of State. Are those horns?
http://news.sky.com/story/1493667/john-kerry-breaks-leg-in-alps-cycling-crash
YEP…. TO FUNNY
Good grief – weirder and weirder….
Andrew,
The question is why. I doubt it’s a religious belief.
So, the real question is ” Who is paying Him “!?
It’s interesting that when measured by the dollars in your pocket, gold and silver bottomed last year; but when measured by the USD index that currency traders trade, they bottomed in March. Here’s a look at silver:usdx which has been in an uptrend since then on the daily chart.
Note that each little rally has been failing at the next higher Fibonacci-based exponential moving average. The last run exceeded its ema (144) by more than the rest probably because the April low was higher than the March low. I think the 233 will get taken out easily on the next move which should be starting very soon.
http://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24USD&p=D&yr=0&mn=11&dy=0&id=p68251940753&a=410339152
Half way through this article is most important!
” Financial System in Transition ”
Silver, the channel trade since 2013, we know where the break out zone is from heavy resistance
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=2&mn=3&dy=0&id=p35385680691&listNum=1&a=410366646
This chart might explain why it didn’t reach the top of your recently:
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=2&dy=0&id=p40679214700&a=401841004
This Schiff fork action might, too:
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=4&mn=11&dy=0&id=p67052208027&a=398349731&listNum=1
This looks very promising to me.
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=2&dy=0&id=p61496823304&a=400521788
Good chart on Silver Matthew.
Oops, comment at 5:14 should read “…reach the top of your *channel* recently:”
Matthew what are you seeing these days that interests you in the junior resource sector, does anything look promising. DT
DT, I think there are a lot of extraordinary values right now in just about every part of the sector. At this stage I would not put much into the pure exploration plays simply because there are so many that have proven assets as well as plenty of discovery potential that are priced like moose pasture.
For great speculative upside without all the potential downside, a cashed-up junior like Strategic Metals is very appealing to me. They have a well diversified portfolio of assets, more cash than market cap, and trade at just .39x book.
http://www.strategicmetalsltd.com/s/Home.asp
If you’re bullish zinc (as John Kaiser and I am) and copper (as Stephen Leeb and I am), you might consider Constantine Metals. Their JV partner has deep pockets and the Palmer project has real merit.
I got very lucky and sold about 80% of my original position last year pretty much at the top. Then, when it corrected below .15, I started to buy again and have now tripled my remaining position. I am still likely to buy more.
John Tognetti (Chair of the Board of Haywood Securities) owns about 13.5M shares and Sprott owns close to half a million.
CEM is going to spend $5M of OPM (other people’s money) this year so there will be new flow.
http://constantinemetals.com/
There are lots of others I like. What are you looking for in particular? Do you want production, development or early stage? How about market cap preferences? As mentioned earlier, I really like Primero Mining, but it’s huge by my standards. 😮
True Gold Mining remains my favorite development story since I am not worried about the Burkina Faso government. The potential upside is huge, so I would take a small position even if I was worried.
http://truegoldmining.com/
Among the very small silver juniors, I still like SPM and AXR and think they will outperform their larger competitors when silver finally catches a bid.
Matthew, I am frustrated by this market and I need to get another view, thanks for the information on strategic and Constantine, I must admit I am not familiar with either company and will have a look at them soon. DT
Claude Resources remains extremely compelling, I just wish it would fall a little more so I could replace some of what I sold. That’s a short term concern though. Longer term, I consider it a very good deal right now and I still have a substantial position.
Here’s another that’s way too cheap and worthy of due diligence. It’s the type of play that tends to shine a little later in a bull cycle than a lot of the flashier stories, but I think it will do very well.
http://www.globexmining.com/
For clarity, I have to correct the second sentence of my first comment above. It should read: “At this stage I would not put much into the pure exploration plays simply because there are so many OTHERS that have proven assets as well as plenty of discovery potential that are priced like moose pasture.”
Matthew – Good thoughts on Strategic Metals and Constantine Metals. I was familiar with both but hadn’t really taken a close enough look apparently. I spent some time on both websites tonight and have added them to my watch list. Thanks for your insights.
I don’t know how anyone can look at the following chart and still say that there’s been no “bloodbath phase.”
http://stockcharts.com/h-sc/ui?s=GDXJ&p=M&yr=5&mn=11&dy=30&id=p65147534848&a=409118317
Bankruptcy phase, bloodbath phase, capitulation, who knows?
If we get a global system reset brought on by the bond markets triggered by default in debt markets (Europe) we could see a repeat of 2008 as gold fell 30% while the globe ran towards the US$ popping 15 cents as $GDM fell 68% $HUI fell 68% and GDX fell 70% GG fell 75% all in 4 months!!
Is it possible we know its happened before.
Possibly, but I don’t think so. Gold, like everything but the dollar, was coming off of a major high that year so a lot of people had long exposure. Now it’s the opposite; everything but gold is coming off of major highs —including the dollar. Margin calls will have little impact this time.
In addition, I doubt that the market will crash even though I do expect a bear market to begin. Unlike 2008, bonds will be under pressure this time which is likely to be supportive of gold and even conventional stocks to a lesser extent.
Big/smart money will be competing for any mining shares getting dumped so they are very unlikely to plunge. Big/smart money cares about and recognizes value and the miners are already there.
Well nobody knows what insane positions the leveraged hedge funds are holding, who would have thought letting Lehman go under would have unravelled so many positions around the globe, liquidation can become a flash crash very quickly. I don’t think a lot of money was ever actually in the gold bull run I think it was the most hated, most missed 12 year run of any bull with very little exposure. So who is big smart money? certainly not the likes of Sprott or Turk who have never suggested selling always a buy. If a global event happens with the European debt situation effecting countries why wouldn’t they sell their gold to raise US$’s?
Its all far to complex for me I’ll stick to the chart for my road map
Yes, it was the most unrecognized bull market but I watched it all very closely and there were plenty of non-gold bugs who did have some exposure.
I consider the bankers to be the biggest and smartest but there is plenty of big and smart money that isn’t famous. Especially now, “big” is a relative term when talking about the gold space.
The smartest money buys weakness and sells strength better than anyone. It turns the market and provides the the signals that most traders use.
With the self-serving rule changes that we’ve seen because of 2008, I do not see the same kind of crises developing. I think a bond market collapse will result in a currency crisis which will support gold even if some players must sell it.
Nothing wrong with sticking to the charts.
Matthew,
I agree with the comment and chart. But the final wash still is yet to be seen.
The commercials will let us know when the bottom is in. GDX and GDXJ still have more downside coming. The washout has to happen. The bottom surely doesn’t look like what we’ve seen the last few months. No way..
Miners to the moon, , once the bottom is in!
A comment I laid above:
I run $100k a year to my VISA and make sure I never pay interest. The merchant eats a % for the service but I still rake in 1% in points on my card. I get a month with OPM. Why would I use anything else!? When the system blows sky high!? Great then maybe my month of debt racked up will disappear. Bob you should head over to Greece and Spain to go door to door to get this Bitgold off the ground. We shall see if this gold bug tool works along with all the other brain storms of Sprott, Schiff and other flip FLOPS
Its the likes of Turk and Stephen Leeb that investors should learn to read a chart, these two guys over the last 3 years have made so many very bad calls regarding gold and silver that its almost criminal, that’s not my opinion, its fact!
Reader beware if you make any investment decisions based off their opinions when it comes to gold and silver.
The chart is never wrong!
Try to open your mind and be like a trader just following the trend and the capital flows. The market is always right – it cannot be wrong. Only we are wrong for when the market does something we did not anticipate our analysis is at fault – not the market.
Those guys talk big picture and will be correct. Having an opinion is not criminal. Blaming others for one’s actions is.
Since you keep putting that quote up, what has the volume (capital flows!) in GDXJ told you? Here’s Q1 of last year:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&st=2013-06-06&en=2014-03-22&id=p34668546376&a=377127099&listNum=1
Now find Q1 volume on this chart:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=W&yr=6&mn=5&dy=0&id=p29072169272&a=362909039&listNum=1
This is what a BIG turn in the market looks like. Never mind the daily noise.
Nice chart, Matthew.
You are party correct but these guys steered a ton of people into a massive hole. It maybe kool with u. Not me. I never followed him because he’s just another perma bull promoter clown. I met Jim Dines and he had some brilliant calls but forgot to get his readers out a few times. Oops. Not everyone can sell at once so these guys don’t want to spook heard.
Thanks for the charts. A few gold equities are doing ok
The quote is not for you, its for those that are still trying to figure out why they are under water with their pm’s positions. We have no idea who reads these posts as I would think many do and never post.
The capital flows across the whole pm’s sector is telling me there is no momentum, strength is still be sold into at every key chart point. Still lower lows and lower highs, that needs to change and the monthly gold chart suggests capital is not looking at gold like it did in 2005, the last two years has produced only 2 consecutive back to back gold pops on the monthly chart before rolling over again, gold needs more white candles!
http://stockcharts.com/h-sc/ui?s=$GOLD&p=M&yr=10&mn=9&dy=0&id=p58031697608&a=410213040&listNum=1
Ojj. The million dollar question is more like, who has got anything right in the past 4 plus years?! I know only a couple I know. Everyone is a brainiac in a bull market. I stopped reading all those clowns a long time ago. The deleveraging began and there no need still to be bullish on commodities. Production ramped up and then the meltdown came. We still have oversupply.
Bill anyone can call a bull market and look like a star, As I chart traded silver for entertainment I’d give Leeb a listen at KWN, that guy should be locked up, he relentlessly called for silver to explode higher and the chart never confirmed his outrageous calls again and again, don’t know how the man can live with himself, total scum!
Rick A, Gary Savage don’t trade the short side of the pm’s market, it doesn’t take any special level of talent just belief in your chart indicators the only time I’ve been burnt giving back a decent portion of my gains while holding a short has been quick short coverings they can be very swift indeed.
I’m no bull or bear I just trade what the chart swings produce.
As far as I know, Leeb never said that a move up was imminent.
I blame my computer for that old “ignoring Birdman.” I changed it and don’t know how it came back. Definitely NOT intended.
Still funny Matthew!
jj,
You are probably short GLD or the miners. The weekly looks, weak.
I start my positions off the daily and add as the weekly follows thru.
I’m not short I sold my DUST position taking an 18% profit after 8 days
One thing for sure. These short candles won’t last much longer. I’m thinking JDST tomorrow.
Based on the 60 min chart of gdxj, that could be a good idea for a day or two but I’ve seen much better setups.
You better be selective because some have broke out some look like crap. GUY broke out just after I posted it may. ASR could really rocket on a breakout. TMM is still screwing around but looks ok. Major volume and range last go. But could be good. BTO looks very interesting too. In a normal bull I’d be buying with both hands but with the no go directing on gold I’m Cautious.
Gold looking good again………1200.55…………
up on heavy volume ….
Gold gets juiced off a Fed member speech, US economy not strong enough for rate hikes
HUI has two gaps that will either be completely filled on the way to 180 or only half filled ending with todays action or higher up at the 178+ level, 182 would be a decent resistance zone
http://stockcharts.com/h-sc/ui?s=$HUI&p=D&yr=0&mn=3&dy=0&id=p11636328947&a=409959133&listNum=1
Ojj rely to up top. What people need to realize that they are being led by rip off artist.
If anyone cannot forcast a bear market which seems to be 99% they are a con.
I have read everyone and boy the list is down to near nothing. They are promoting their own cause and If a person doesn’t have that much experience they will get fried.
If I save one person from them bozos I have done my job.
Also you can trade the indicators on charts that’s for sure but in bull and bear markets the indicators stay overbought or sold for a long long time leaving heaps of money on the table. That’s where knowledge of fundamentals comes in but good luck finding someone that can predict accurately. I know of 3 that are decent. Cheers
Real gold or silver coin in hand requires work Bitcoin or Bitgold does not. Real coinage is far more honest and therefore better. If you don’t physically control it you don’t have it or own it.
totally agree Steven, if I’m going to own physical gold and silver I’m not leaving it with Sprott any bank or any storage facility, its where I can get it 24/7
great comments…….both of you………one in the hand is worth two in the bush….
Maybe this is what’s going on. Fed “prints” money to buy toxic mortgage backed securities. What are mortgage back securities? Securities back by mortgages. What are mortgages? Securities back by hard assets. Get country into so much debt it can’t be repaid, raise rates, then foreclose on everything. Give me a “clicking” press and I could buy the world.