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- in reply to: Miscellaneous #5785
Nice mention of Alleghany in the Oct/Nov Pick & Shovel Gazette. First time I heard of the Sixteen was in a Gold Prospectors Magazine article after you found that pocket in the eighties.
One of the most authentic Gold Rush towns to be found, where the largest pockets of gold in the world have been found.
Wish he would have added working Gold Rush town, with a working publicly traded gold mine.
All the luck at finding another plum like that or larger, it sure would help right about now!!!in reply to: Ideal Time for Facts #5784Michael,
Please correct me if I’m wrong, but aren’t the “low-grade” mines usually open pit that involve processing thousand and thousands of tons of material at a time with chemicals while the “high-grade” mines tend to be deeper, underground mines that often use tracks? Is that right? I’m not sure that the “high-grading” discussed in this article is necessarily a bad thing but I don’t know. Can you shed some more light on this?
-Fred M. Cain
in reply to: Gold Enters Major Bull Market #5783Gold $1322.50 Down $30.00
Silver $21.91 Down $ 0.88Both gold and silver continue to be plagued by unsettled market conditions. The short term charts look miserable. The long term bull market continues to be intact but investor confidence has been shaken and is vulnerable to worsen on any further shakes to the downside with new recent lows. Short term rebounds joining in with the bull trend are usually commenced following investor shake outs.
In early October the 250 day moving average on gold drifted lower under its 1000 day average which may be setting the stage for a drop off in the weeks or a few months ahead.
With tax selling season upon us the general gold share market could be under pressure for the next two months, at least.
The current declining phase for the past two years from above $1900 has been brutal for many of us. Some hold gold at around the $400 level to much higher prices for recent purchasers.
As long as the government continues acting the way it does along with all the political in-fighting gold must be held regardless of price. I have bought from $350 all the way up to $1750 and don’t lose any sleep worrying about it. When I do, I will buy again. If gold goes under $1000 which it could, then we would be near a short term bottom. When gold turns higher it should be bought again. When it does, Martin Armstrong will report it and you will be informed as soon as he does.
in reply to: Miscellaneous #5782For information about metal detectors review the “Technology” topic on the FORUM.
in reply to: Ideal Time for Facts #5781I want you to read the article below that I received today. It is full of speculative opinions, which many interpret as facts. This troubles me since I am a gold producer and deal with every issue of management responsibilities. See if any of my concerns about ‘word play’ and credibility also strike you. The article is written by Angela Kean in the October 30,2013 issue of SNL Metals Economic Group West Edition of Metals & Mining.
“Gold miners tempted to ‘high-grade’ to weather downturn
By Angela KeanThe seemingly never-ending volatility in the gold price has forced miners to do whatever they can to weather the slump, from cutting workers to shelving or selling projects, but some gold miners are turning to a solution known as high-grading,” which could do more harm than good in the long term. The high-grading method involves mining only the highest-grade ore and leaving low-grade ore in the ground. Sprott Private Wealth LP investment adviser Michael Kosowan likens it to the phrase “take the best and leave the rest.”
This becomes somewhat appealing to struggling gold miners as it can give them a quick cash boost in times of low gold prices and high costs. One analyst told SNL financial that a company may have no choice but to resort to high-grading during a downturn, especially if low-grade ore is uneconomic. “Usually the longer the gold price remains depressed, the more likely that more miners will abandon lower grade ore and revisit their mine plan/reserves to mine higher-grade material,” he said. “Losing, or not making sufficient, cash flow as each month passes just becomes too painful to investors.” In his address to the Toronto Resource Investment Conference in mid-September, Kosowan said the industry’s response to recent challenges has led to an even “graver” future. “When a miner deviates from the original mine plan, which was intended for mining the entire deposit, it becomes much more expensive to later change the mine plan in order to capture the rest of the deposit,” he said “
in reply to: Miscellaneous #5779With a long good antenna and a
tube activated CB unit that was
produced by a company that is now
gone, I was able to talk to a
guy in Graniteville from my place
in the valley south of Yuba City.in reply to: Miscellaneous #5780Hi all,
I understand that Metal detectors were instrumental in the Sixteen to One. I am interested in what type and model of metal detectors have been used and how well they performed.Thanks,
in reply to: Miscellaneous #5778Hi Mike, go in to Robinson Timber, the truck parts section, they can help you with an antenna. what you get will partly depend on your vehicle, Magnetic mount ones work pretty well, then there are the stainless steel whips, twin co-phased and lots of other options, but I would keep it simple for now. You could set a c b in the seat, plug it in to the power source in the cab, and run the coax out the window to a magnetic mount antenna placed in the center of the roof of the cab, easy to set up, relatively cheap, and it would let you know if you can reach anyone. you might also google C B clubs for the area you are interested in. Big Al
in reply to: Miscellaneous #5777Thanks writers. So, I get one for the truck and drive the area to find out if a base can hear me. I buy a $50 mobile unit for the truck.
What about its antenna, not the base antenna? Should the mobile unit boost its sending power? If so, what are costs and options?
I will do this then seek information about the needs of a base station to monitor the mobile unit. Ideas?
in reply to: Gold Enters Major Bull Market #5776U.S. Gold Mine Output Rises 3% Month-On-Month In June – USGS
By Debbie Carlson Kitco News
Friday October 18, 2013 12:43 PM
(Kitco News) – U.S. gold mine output was 19,400 kilograms in June, the U.S. Geological Survey said Friday.June output was 3% above the upwardly revised May production of 18,800 kgs. June output was down 5% from year-ago production of 20,400 kgs.
The average daily production rate in June was 647 kgs of gold, USGS said. This compares to May’s average daily rate of 608 kgs, the June 2012 average daily rate of 641 kgs, and the 2012 average of 641 kgs.
Domestic gold output for the first half of 2013 was down 3% versus the first half of 2012 and 8% lower than the second half of last year.
For more information, see:
http://minerals.usgs.gov/minerals/pubs/commodity/gold/mis-201306-gold.pdf
in reply to: Miscellaneous #5775CB with a 100 amp boost might work, it will depend on where the nearest base stations are. You can buy a nice little Uniden CB from General Trailer for around 50.00, You Might need a directional antenna, I once talked from Hershberger meadows above Prospect Oregon into Medford with one hooked to the booster, with an antenna we put up in a tree, we had it as communication for the vet checks on a horse endurance ride. I had one as a kid where we lived in a canyon 5 miles out of Myrtle Creek Ore. And I regularly talked to a friend in Myrtle Creek.
If you know some one who has one in their PU have them break for a radio check in the area you need to check out, and see if you get any response. Alternatively you could put an add in the local paper asking for help from local CBers, if they know there is a need they may well step up and help. Big Alin reply to: Miscellaneous #5774Thinking ham radio, but with no generator/power that is an issue.
If it is just solely for potential health issues, maybe get a SPOT emergency GPS transmitter.
Sat phones are pretty expensive, not my area of expertise but I am guessing
$500-$1000.Thank him for his service to our country!!!
in reply to: Miscellaneous #5773Satelite phone would be your best optiion.
in reply to: Miscellaneous #5772My brief search on Google under CB radio left me in doubt about a situation. Our caretaker at property about six air miles and ten dirt road miles in mountainous Trinity County has health issues. There is no electricity or phone service. He has a truck.(he’s a 79 year old vet…(Marine). I want to get him communications that work. It seems like the antenna is key not the unit itself. Used equipment is okay as cost is an issue; however reliability in bad weather trumps all.
Comments or suggestions welcomed.
in reply to: Miscellaneous #5771Jerry Brown takes a punch at the Feds.
in reply to: Miscellaneous #5770From Martin Armstrong:
The Pension Crisis is far different from the Mortgage Crisis. Now we are fooling around with the very issue that even destroyed the Roman Empire. Only a moron would promise pensions to state workers and then expect that they can just tax people forever so there was no need to actually fund such things. We are looking at state and municipal bankruptcies like Detroit where 50% of tax revenue was going to pensions. They keep raising taxes because they also refuse to reform or reduce the size of government. This causes a Phase Transition in the cost of government. We are going to see taxes soar in the USA to the point they will most likely DOUBLE. This will drive more and more capital underground, reduce LIQUIDITY future that is the destruction of a cooperative civilization, and this will further reduce the VELOCITY of money. This is how ALL empires, nations, and city states have died – by their own hand.
in reply to: Miscellaneous #5769For better real-time data acquisition from the ground monitoring devices, gas sensors, equipments used in the Underground Mines, and most importantly for locating the trapped miner, the deployment of Wireless Sensor Networks (WSN) is very much indispensable. The traditional methods using wire communication was found to be inefficient and ineffective at the time of mine hazards such as roof falls, side falls etc… Before implementing any wireless system, the variable path loss indices that imply the losses of signal in different environment should be determined for better localization. Localization of low cost sensor nodes using Receiver Signal Strength Indication (RSSI) model gives some error due to the shadow fading of signal.
in reply to: Miscellaneous #5768Posted on September 26, 2013 by Martin Armstrong
I reported that the object of the IRS is now to regulate accountants doing your taxes. The real idea is to expand the Draconian measures that any foreign bank that does not report what Americans are doing will be subject to have their assets confiscated in the USA. This has resulted in throwing out Americans from especially Europe. Now the IRS is seeking to impose regulations on accountants and then they will impose an obligation that they will also be required to report anything to the IRS. Barclays Plc has announced that it will cease offering wealth management services in about 130 countries by 2016.
What is entirely possible is the Sovereign Debt Crisis could be pushed off into the next 8.6 years wave insofar as the USA is concerned. The current wave may see the crisis in Pension Funds hit and we may then see the confiscation of all 401Ks as well 2017. This will be seen as a measure to regain national security by buying back bonds held by foreign governments. That way, if the US wants to invade someone, it will no longer have to worry about how to fund the debt.
in reply to: Clips from Alleghany #5767Scoop,
I was sooooo glad to hear that you got rain! Wonderful news. I only wish the rain had hit the Yosemite area sooner. 🙁
Sorry to hear about Mike’s rotor-cuff. That can take a long time to heal. My brother-in-law had a torn rotor-cuff after the horse-drawn vehicle he was riding on was hit from behind by a drunk driver. Took a long time to heal.
Is Mike still able to go down in the mine? I hope so.
Regards,
Fredin reply to: Clips from Alleghany #5766We are having perfect fall weather here in Alleghany, but on Labor Day it rained over 4 inches! It’s a good year for fruit: peaches, pears, apples, grapes, plums and blackberries.
The historical church is having its second annual fundraising concert on Sat. October 12th. Go to http://www.hiddenchurch.info for details. Seating is limited and reservations are required. This promises to be a unique event.
Mike is out of commission for awhile having had massive rotor-cuff repair surgery on the 6th. Luckily it is his left arm (and he is right-handed) but nonetheless it will hamper his ability to type and do other things for several weeks.
There is a Grower’s Market in Alleghany every Sunday from 11 am to 2 pm. Bill & Roger of You Bet Farm bring their fresh produce from their farm on the Ridge across the Canyon. Scoop is impressed that their farm is close to the same elevation as Alleghany and they are able to sustain themselves by farming. (And no, they don’t grow the green stuff) They will continue to come up as long as the farm is putting out. They expect to have winter squash (in addition to their other offerings) this coming Sunday.
The area around the gate to the mine has been leveled off and is a work in progress. Representatives of Quartz-View are back this week fine-tuning their equipment. No one thought it would be easy to adapt modern technology to the mine, but step-by-step improvements are being made.
in reply to: Miscellaneous #5765California – Tax Man Cometh – As Always Their Mistake You Still Pay
Posted on September 15, 2013 by Martin Armstrong
California small business owners and investors are facing $120 million in back taxes after a 20-year-old tax exemption was struck down by an appeals court last year. That’s right. Government always wins. They make a mistake, and you still pay. We would be better off with the Mafia in charge – at least you can negotiate with reason.
Since 1993, California provided that you paid only half of the capital-gains taxes due on sales of stock in businesses with less than $50 million in gross assets. The hitch was that the business must keep at least 80 percent of payroll costs and assets in the state. In August 2012 the tax exemption was ruled unconstitutional ob the basis it interfered with interstate commerce. That was about as rational as a metal patient on drugs. If the court ruled it denied equal protection in the sense of “justice for all” I would agree with the decision. But to claim it interfered with interstate commerce by trying to keep people in the state with incentives is nonsense. New Jersey has an EXIT tax. You leave, and they want more taxes. That will never be ruled unconstitutional because the Supreme Court has held taxing powers are unlimited in a fundamental sense – nobody in government ever met a tax they did not like to suppress others with.
As always, in comes the bureaucrat looking to get even with those in the private sector for having talent they lack and money they get only by taking bribes. These are typically the people who were stuffed in gym-lockers in high school and it is pay-back time for them. They hate people who make money – look at one in the eyes. You see hatred paired with stupidity.
Faster than a speeding bullet, the state’s Franchise Tax Board was signaling plans to collect retroactive taxes dating back to 2008 from more than 2,000 small businesses licking their chops for an expected take of $120 million. The small business owners screamed and turned to seek a legislative solution. In February state tax collectors offered to hold-off on issuing tax summons that would not down include interest and penalties provided they signed waivers extending the statute of limitations so they could go after them later. The state Senate passed a bill that reduced the total amount of retroactive tax due by only 76%. So you see, the bastards just cannot keep their hands out of other people’s pockets.
in reply to: Clips from Alleghany #5764I recently read concerning the
shale oil on the west coast:
permits to drill and mine the huge,shale oil sites of Calif. havembeen held up by bureaucrats at the State (typical). Well, several of those officials were recently fired by Gov. Jerry Brown and now permits move along repidly in procedure. We should take
note.in reply to: Stock exchange listing #5763Chas. Schwab grew up in Woodland
Calif. a sizeable Agric. town
north and west of Sacramento.
Most folks there and in Yolo
County speak very highly of”Chuck”.When he started the
company his Number two office was not in New York or Los Angeles,Schwab established it in Sacramento, perhaps recognizing the values in Northern Calif. And the fact that one other firm, Dean Witter
had placed its Number two office
in Sacramento prior.in reply to: Miscellaneous #5762The USA cannot grasp that this unilateral attack on Syria will set in motion the next stage of the Sovereign Debt Crisis that will ultimately lead to your pensions being confiscated when they cannot sell their debt to foreign governments.
Martin Armstrong
in reply to: Miscellaneous #5761per the post below – also note what Poland is doing with private pensions. They are calling it “reform”. What a joke…
in reply to: Miscellaneous #5760Something you should know.
The G-20 summit has made a major decision that will enable the DEFLATIONARY destruction of the World Economy and life as we knew it. From here on out, the control of all data being collected internationally (including NSA) regarding the wealth of citizens worldwide, will be made available to every member state.Under the cover of terrorism, there is no profit in stopping terrorists. It is all about using them to further power. They are arming and funding terrorist organization in Syria. But if they turn those weapon against the USA, it will get more power.
Ostensibly, this is all about tax evasion in their mind for if they had everything there would be no budget crisis. Indeed, it is important that the community of G20 nations will assume complete control of the financial circumstances of each individual citizen. The summit marks a milestone on the road to full expropriation of citizens. The end is here. This is going to be the worse economic decline in modern history. They are hunting money everywhere and cannot see that they are shrinking the world economy and that means higher unemployment.
Martin Armstrong 9/07/13
in reply to: Miscellaneous #5758U.S. gold production down from January-May – USGS
The U.S. Geological Survey reports that May 2013 was the eighth consecutive month for gold price declines.Author: Dorothy Kosich
Posted: Friday , 30 Aug 2013
RENO (MINEWEB) –U.S. gold production dropped 4% in the first five months of this year, the U.S. Geological Survey said Thursday in its Mineral Industry Surveys gold report.
Total domestic gold production for the period from January through May 2013 was 89,200 kilograms (2,867,846 troy ounces). The state of Nevada led U.S. gold output with 64,900 kilograms (2,057,647 ozs) of production, followed by Alaska gold mining at 12,500 kilograms (401,884 ozs) and other states at 11,800 kilograms (379,378 ozs).
However, May 2013 production of gold by U.S. mines dropped 5% to 18,000 kilograms (607,649 ozs) compared with May 2012 with 18,900 kilograms (607,649 ozs) of gold output, the USGS reported. Average daily gold production for U.S. mines was 582 kg (18,711ozs) in May 2013, down from 609 kg (19,079 ozs) in May 2012.
In their analysis, the USGS noted that May was the eighth consecutive month that the average gold price decreased.
Some domestic gold mining companies announced reductions in production in May including Atna Resources, which deferred ramp up of the Pinson underground mining operation near Winnemucca, Nevada. Allied Nevada announced that it was considering scaling back development plans at its Hycroft Mine also near Winnemucca.
in reply to: Stock exchange listing #5757FYI
I have a family members who left Fidelity because the higher ups were doing uncontrolled insider trading.
I have personally met Charles Schwab on occasions and find him to be an honest and reputable man. That’s where we have our account. My close friend was an officer of the company who recently retired and he has always told me, “Schwab is a great firm.”
in reply to: Stock exchange listing #5756thelast trade price is what people everwhere see as a share price you suggest i learn the basics. i have made a few trades this year and have made some money . how are you doing?
in reply to: Stock exchange listing #5755who cares how many offices Fidelity has and what their “price” is. That has zero bearing on anything.
To get the real current price, you have to work at a brokerage, or call a trader or someone with Level II quotes who can see the various bid/asks and what prices they are currently at. This changes often, even intra-day.
The last trade price makes no difference on an illiquid stock. Learn the basics of the markets/trading (or lack thereof) and it’ll do you good.
in reply to: Stock exchange listing #5753i have three other listings at higher prices. 0.30 is double the price at fidelity which has offices worldwide with several officies in most states.people everywhere see the price of osto as 0.15 which is a small fraction of my cost if people who are interested in osto would buy a few shares maybe we could get some worldwide interest
in reply to: Stock exchange listing #5754Could it be, could it just be that fear over pending litigation is impacting stock valuations? Those are the kinds of things that penny stock and micro cap investors look at when deciding whether or not to invest. If we could somehow, someway, just put the litigation issues behind us then I would not be the least bit surprised to see share valuations soar.
Regards,
Fred M. Cainin reply to: Stock exchange listing #5751last sale at mine was .89 seller listing 1.25 the reason i offer to sell at .30 is to get exchange price to.30 which i consider pitifully low but it would have set broker price at .30
in reply to: Stock exchange listing #5752The broker price is pretty much irrelevant and why would you want it to be .30 and not .40 or .50 or 1.00? But it doesn’t matter because, as we see a few times a year, there will be a transaction of say 300 shares for .01 or .10 or .20 or whatever and that will be the new broker price. The stock is not liquid enough, and there are too may bogus transactions, to worry about what the last “official” transaction price is.
in reply to: Stock exchange listing #5750I’ll clean you up at $0.20 on our marketplace in Alleghany.
in reply to: Stock exchange listing #5749i have 7000 shares for sale at fidelity brokerage minimum of 100 shares at o.30
in reply to: Stock exchange listing #5748Actually, I have been toying with the idea of buying another 1,000 shares in my I.R.A. The only hold up is that I need to send in a check to cover the investment. I just haven’t had the time to get around to it.
in reply to: Stock exchange listing #5747i have 200 shares for sale at fidelity stock brokerage if someone could buy them it would raise share from 0.15 to 0.25
in reply to: Miscellaneous #5746Politicians are clueless and their policies are more like strip-mining. They are destroying the economy right down to the foundation and fail to grasp that they keep raising taxes to support unfunded liabilities for state workers. This is destroying the productive sector of the economy to fund the sector that produces nothing to increase the national wealth.
Martin Armstrong
in reply to: Gold Enters Major Bull Market #5745Gold $1377.20 UP $11.10
Silver $23.26 UP $0.25Over the short term it is understood that games are played with the prices of gold and silver by the folks with the big bucks. The following excerpt identifies one of these entities. The writer is Rob Rinear. The full article, “$50 million In A Day -Legal Frontrunning” was published in today’s International Forecaster.
But there’s a bigger game being played in the gold and silver market and the main culprit is JP Morgan. Over the past 5 years I’ve gone out of my way to show you how JPM was oft times short more silver than a full third of all the worlds production. That’s illegal, yet no one at the CME or CFTC saw a thing. I’ve showed you how they’ve used off hours trading to move the price of Silver around to suit their short positions. Nothing was said. Metals traders the world over have contacted the authorities concerning their illegal positions and blatant manipulation. The regulators say “they can’t see any manipulation”
Well, consider this. During the big gold smack down JPM was net short a “ton” of gold. When the paper attack on gold and silver hit back in April, it didn’t’ happen until JPM was notoriously short the metal. Then after watching it plunge from almost 1900 the ounce to under 1200, something changed. By following the printed data from the exchanges, we saw them shift from being insanely short, to being very very long. Yet they didn’t do it over night and gold didn’t really move. It sat there, bouncing and wiggling up and down.
But sure as the sun comes up each day, when JPM is net/net long something you can bet that eventually it is going to go where they want it. Back on June 27 th I told my Insiders Members that the miners were beginning to look very attractive. We bought five of them for our long term account. Gold was only trading at a low of about 1180 the ounce, horribly down from the 2011 highs. From then on however, gold started moving back up. The miners have gained smartly, but gold itself has really taken off. From 1180, gold hit 1340.
But here’s where it gets interesting. On Friday morning, CNBC was doing its pre market cheer leading and they mentioned gold. That’s when I heard it… “and find out why JPM says you should buy this gold bounce”. Now let’s get this straight. An investment house that gives investment advice to traders and investors was short gold and profited greatly by the massive manipulated illegal take down. Then they accumulated longs and as if by magic, gold starts rising. Then as they got “really long” they come out and tell people to continue to buy the metal despite the massive bounce it’s had.When you’re JPM you can manipulate the metals market and no one says anything. When you’re Carl Icahn, you can make yourself 50 million in a day by going on twitter and hyping your own book. When you’re a lowly newsletter writer you have to defend yourself against charges of “misleading investors”. Sort of ironic, no? Yes.
I’m a gold and silver bull. No one that has ever read one of our letters since 2001 could deny that. When gold pushed up over 15-1600 I told my readers I was no longer adding to my position, as I felt it was getting too much froth from late comers trying to catch the train. Then when it fell back under 1300 I’ve been adding on dips. Why? Simple, gold and silver are the only real money out there. Of course that’s not the only reason, but it is the most basic. Most people collect “currency”. I don’t want currency for anything more than paying bills. I want money. “Money” doesn’t go to zero. Currencies do.
For the last 100 years, our currency has lost 98% of its purchasing power. Gold on the other hand has retained 100% of it. Now which one would you rather hoard?? But besides the idea that owning “money” is considerably better than owning debt notes which is what our currency is, I also like to have things that are in demand. Consider this… Gold bar and coin investment grew 78% year-on-year globally in Q2, topping 500t in a quarter for first time. After rising from just 299 dollars the ounce in 2000, all the way to 1900, don’t you find it really telling that so many people want physical metal that its demand grew almost 80% in one year?? I certainly do.
All the stars are lining up for gold and silver to make their next move higher. Not because the economy is going to crash ( it is) not because our monetary experiment has failed ( it has) not because Central bankers have lost control and credibility ( they have) but because JPM is long. JPM gets what it wants and if they’re net long, you can bet they’ll “make” gold rise. It’s what they do.
Silver has a very good shot at challenging its all time high within the next ten months. While Silver is the whipping boy of JPM, if gold gets loose, Silver will tag along simply because the folks that want to buy gold but can’t afford it, will rotate into silver. Never underestimate the animal spirits of greedy investors. If they see gold really on a tear, even though they don’t have enough money to buy one ounce of gold, they’ll buy the 10 ounces of silver they can afford. All those wanna be gold buyers will add to the underlying manufacturing and medical demand for the metal and push it quite nicely. Yes, we’re silver buyers too.
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