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- in reply to: Stock exchange listing #4344
Here we go again with disbelief about how OSTO shares sell in regulated public marketplaces!
An existing shareholder wrote this week that his standing order to buy OSTO stock was filled at $0.15 a share (3800 shares) with Ameritrade. His pal called to report that he bought shares at $0.25 with Schwab. Other shareholders have standing buy orders with brokers at higher prices. The last actual trade our company handled for a seller and buyer went off at $0.60. In this case, as always, the seller sent his share certificate to Alleghany and the buyer sent her money. After the transfer agent got all the information, it sent new certified stock certificates to each party. It is like getting a deed to the property you just bought. That is what a stock certificate represents…ownership.
I called the lucky buyer. He is elated to get such a bargain. He had forgotten his standing order and was surprised to learn about his new addition. I encouraged him to order out his shares, which he said he would do. I asked him to tell his friend to do the same and let me know when the transfer is completed. If you are unaware of the trend in stock ownership, it is to eliminate stock certificates for all companies and just have a data entry to prove ones ownership. The movement is on a fast track.
I hope to hear from the buyers when they get the certificates. I will then go to our independent transfer agent to identify the seller. It will be thrilling to tell the seller that his broker screwed him out of $1,710. His $570 check could have been $2,280.
Why does the stock brokering industry and public companies lead this movement to eliminate stock certificates? Stock certificates have a tradition of artistic beauty and value. Many people collect them. Years ago some shareholders joked with me that everyone needs a worthless stock certificate hanging in their office or playroom.
Stock certificates mean a lot more to the financial industry and individuals than an barbaric paper trail. Stock certificates lessen fraudulent manipulation or manipulation that may not be illegal but not disclosed. Have any readers ordered an Original Sixteen to One Mine certificates and struggled to get results?
I also personally sign each certificate. So does the corporate secretary. The Wall Street Journal could do its readers a real service to do an in-depth analysis of this issue. Will our stock investments be more secure when all certificates are a thing of the past, an old relic of yesteryear? I think not. How about you?
in reply to: Miscellaneous #4343Recently I’ve written here with what seems like a negative vibe. Bringing truth to everyone’s attention isn’t negative, but a chore. Now we move forward.
Up! (Or down, depending on the dip of the quartz.)
For everything, there is a time. As frequent writer here, with a heart as wide and deep as every raise and dip and heading in our beloved blessing of a mine, it’s time to embrace and encourage, and no longer be on defense with things legal and negative.
Mike embodies this positive, and while he’s been at the helm for us all in the never-ending political onslaught of endless CRAP, I know the true spirit he carries….the same as us all, mining this blessing!
Positive!
in reply to: Gold Enters Major Bull Market #4342Last on gold is $1211.50.
In The News Today
Posted: Jul 13 2010 By: Jim Sinclair Post Edited: July 13, 2010 at 9:26 pmFiled under: In The News
Thought For The Evening
You pulled the rock over your hole in the ground when the BS was flying in gold and all the top callers were out of their cages. What you saw there was and will remain pleasing.
Gold is going to $1650 on this move with all the outrageous drama common to this market.
To our men out there, man up if you want to be in gold on pay day. The ladies seem never to whine.
in reply to: Miscellaneous #4340Rick
You are a valuable contributor to these Forum pages. It is quite apparent that you are well educated and know how to process your acquired knowledge.
in reply to: Gold Enters Major Bull Market #4341Weekly closes:
Gold $1211.40
Silver $18.15
DOW 10,198.03The stock market is finally showing signs of its traditional summer rally. In the past four days it has advanced nearly 600 points from close to the 9600 level. According to Martin Armstrong armed with his historic cycles studies research, August the 2nd will be turning point for the market in continuing its intermediate fall.
Ted Butler in his weekly metal’s wrap-up with Eric King at King World News states, that both gold and silver gained in relative strength last week. Gold is now at the 70-75% probable point of going higher, while silver remains better placed with a 90% ranking. Gold has now improved by 20% from last week’s mark in resuming its upward trend and is at its best probability mark for strength in many months.
Ted Butler is an expert on silver and gold and follows closely the commitment of trader’s changing positions in gold and silver on the Comex Exchange.
All Commitment of Trade categories internally improved except for the shorting by J.P. Morgan and their other few banking buddies. These are the same miscreants that brought us the metal’s collapse in 2008. Morgan, by far, is the greediest money monger around. These people are so obsessed concerning money making schemes that they may know “no boundries.”
They even try their hand at spinning the pending possible worst ecological event in earth’s history as being good for the economy with their ongoing half-ass clean-up efforts. Never mind that they(the puppet of the Rothchild’s)are the largest shareholders in British Petroleum along with the Queen, their arrogance and lack of REAL concern demonstrates that the English are back with their treacherous ways in disrespecting the well being of inhabitants of this land, all in the name of Satan.
Go gold!
in reply to: Miscellaneous #4339The farce embodied by the Global Warming hoax, masquerading as environmental concern, and through yet another non-elected body politic, rendered the safe near-shore drilling and on-shore drilling a mennace to the globe (refer again to the word farce), and along the way subjecting and directing safe exploration and extraction methods to the unobtainable, all in the name of green.
Nope, can’t drill close to shore, boys, might leak…
What an insult to our Earth, and any sound thinking for that matter….humans going around pretending that they are more powerful than that which blessed us all with this great wonder.
LJ, Bluejay is spot on.
Recall what has driven the rigs to deep water. (By the way, while you are at it, discover for yourself that many other nations are drilling in the same waters and are wise enough to see the hypocrisy put forth by this administration and its vote-immigration-fake-green-ajenda’s actions.)
Just as Frank and Dodd created the housing melt-down through the mandate of un-substantiated loans to those without a means, so does the environmental movement with its fake global-hoax circus try to sway the heart-strings of the gullible willing to believe such crap.
This is a disaster. Where is the Bam administration trying to stem the tide of the problem? I see the intentional stalling, for the obvious political gain. Wake the eff up.
And, this is directly the same tactic used against this gold mine.
in reply to: Miscellaneous #4338Are you really trying to tell me that people were really yelling was “Drill baby drill” (in shallow water)? Next you’re going to try to sell me a bridge.
in reply to: Miscellaneous #4337Contrary to the charade of TV news or newspaper reporting and the government, supposedly there to help us, one of the biggest cover-ups is now taking place concerning a possible threat to our lives. Toxic flamable organic chemicals are being released into the atmosphere from the British Petroleum’s monstrous blowout. I guess we found out what can happen by drilling in mile deep waters for an additional 25,000 to 30,000 feet into the earth.
What we have in government today, as Gerald Celente has said, is a bunch high school wants-to-be’s who got a degree in higher education that went on to Hollywood for acting lessons just to maintain their quad standing for continued power and some good money. What they all bypassed was the academy of common sense. Why drill in deep water when massive oil had already been discovered in the North Dakoda, South Dakota and the Montana areas? http://www.nextenergynews.com/news1/next-energy-news2.13s.html
What these fools may have done is to have opened up the gates of hell by allowing deep drilling in our adjacent water bodies. The air quality around the disaster is so dangerous that a captain of one of the support vessels recently shot himself. Dangerous levels of toxic emissions continue to spew into the air with no end in sight. These life threatening contaminants are about 600 times the safe levels for humans. Heaven help the people of the eastern United States if the remnants of a hurricane carries these toxic substances into their neck of the woods.
This adminstration will go down in history as being the worst EVER if there are any people around to read about it in the future. People are leaving the Gulf coastal areas in droves because they are getting sick. Forget about any EPA warnings to the people in these areas as no one in the adminstration or in Congress or in Senate have the balls to tell the truth. They just want to keep the status quo. What a miserable circus of incompetents. One of our short wishes should be to get rid of them all.
If you desire an education of what the air currents will probably be bringing you just search Pastor Linsey Williams, oil spell on the Internet.
The Bloomberg channel this morning is inferring once the relief well is established things could be under control. Nothing could be further from the truth. Why aren’t they speaking of casing fractures or air quality or other bleeding areas as far away as 20 miles? Why?
Why aren’t they quoting the Russian Minister of Natural Resources who is saying, this could be it.
The next bull market will be in Oregon and Washington real estate. These two states, outside of Hawaii, will be the destination of many families as the truth continues to seep out. The western coast of Canada looks equally appealing.
in reply to: Miscellaneous #4336Happy Independence Day.
The following story concerning the Gulf clean-up clearly depicts why big government must be significantly down sized. Too much power has been granted by us to too many politically greedy incompetents.
in reply to: Miscellaneous #4335A Steve Wynn commentary from May 29, 2010:
in reply to: Miscellaneous #4333Dow Jones Averages 9645.92 OFF 86.61
The stock market is either going to have a very short term summer rally or completely collapse from near current levels over a matter of a few months or so into the 6,000 to 7,000 area of the Dow Jones Averages.
If we get a short term rally, it would probably end prior to August setting up a decline in investment account values for the following 10 weeks.
The linked chart below shows the Dow Jones Industrial Averages for the last two years along with two moving average lines: the blue one a 1000 day average and a mustard colored one represents 500 days. If the yellowish 500 day average, currently at 9565, fails to hold DOW prices in here then this market could easily experience a sudden and sharp jolt turning into a monthly waterfall event that Martin Armstrong has already forecast based on market activity from the intraday collapse from May 6, 2010.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=indu&sid=0&o_symb=indu&freq=1&time=9
in reply to: Miscellaneous #4334Some years back, Mike relayed a story to me concerning the Comex. He said an acquasintance of his had attempted to submit a tender notice for 100 ounces of gold that he held via a contract with the Exchange.
Comex did everything they could to discourage the man from taking physical delivery. To my mind, the Comex continues to this day in running quasi bucket-shop operation.
Wikipedia defines a bucket shop:
Bucket shops specializing in stocks and commodity futures flourished in the United States from the 1870s until the 1920s.[5]. Edwin Lefèvre, who is believed to have been writing on behalf of Jesse Lauriston Livermore, describes the operations of bucket shops in the 1890s in detail[6]. In the United States, the traditional pseudo-brokerage bucket shops came under increasing legal assault in the early 1900s, and were effectively eliminated before the 1920s.[7] However, the term came to apply to other types of scams, some of which are still practiced. They were typically small store front operations that catered to the small investor, where speculators could bet on price fluctuations during market hours. However, no actual shares were bought or sold: all trading was between the bucket shop and its clients. The bucket shop made its profit from commissions, and also profited when share prices went against the client.
The terms of trade were different for each bucket shop, but bucket shops typically catered to customers who traded on thin margins, even as low as 1%. Most bucket shops refused to make margin calls, so that if the stock price fell even momentarily to the limit of the client’s margin, the client would lose his entire investment
The highly leveraged use of margins theoretically gave the speculators equally large upside potential. However, if a bucket shop held a large position on a stock, it might sell the stock on the real stock exchange, causing the price on the ticker tape to momentarily move down enough to wipe out its client’s margins, and the bucket shop could take 100% of their investments.[8]
The Comex clearly does not have physical gold to back up all sales. It is basically just a betting operation where the bettors recently have been stirred up with multi-dollar gold advances and declines.
Arnold Bock in his recent Kitco.com article, “Where’s the Gold,” does an excellent job in discussing where it is and most probably, where it isn’t.
in reply to: Gold Enters Major Bull Market #4330Gold $1221.90 OFF $20.50
Silver $18.02 OFF $ 0.60Dow Jones Industrial Averages OFF 131.12 at 9642.90
The widely followed DOW has smashed below support in the 9800 area and appears destined for some shaky months ahead. It appears that moving ahead into the infamous September/October time period, the market could well be considerably lower. What is bothersome is that chances of a summer rally developing are lessening with each passing day of weakness.
The dollar is also weak this morning as the shorts in the Euro are getting squeezed with higher prices. It seems the gold price wants to sell-off based solely on the Euro’s strength as opposed to following a weak dollar with usually expected higher prices.
The dollar is off 1.32% at 84.92 while the Euro is up 1.70% at 124.53. Volatility in all markets seems to be the order of the day with the major banks being involved in trading as their main source of income these days.
Heaven help depositors and us all if the banks get on the wrong side of the market, again. Next time, there will be no bail-outs or as some call it, stealing from the public via their paid cronies in Washington.
Last on gold now is $2215.70. I wonder, where will the next great daily buying opportunity be? The key will not always be perfect as buying the metal at exact low points, but just keep buying it into weakness and you might get a low here and there.
The events at the museum last weekend were more than a success. Here in tiny Alleghany, last working gold camp in the Sierra Nevada, on public display for the first time in the former Alleghany Supply/ Alpha Supply store were over 400 gold specimens. Three hundred people drove to the Underground Gold Miners Museum to see one man’s gold collection. Not only could we see the pieces but we could examine them as well. The entire event was breath taking. It is a world class collection, not because of its glitter. It represents gold from around California and the world. Each specimen had a description of its location.
I tip my hard hat to Ed Metz, who spent 50 years gathering gold and other mineral specimens. It looks like he will repeat the event during next year’s shareholder meeting. I thought a quick peek would be enough but ended up in front of the four display cases, talking to Ed and other enthusiasts as well for almost three hours. What fun!
Rae Bell Arbogast, chief museum administrator, worked diligently to co-ordinate the public display. The fire department put on a spaghetti dinner and the ladies auxiliary held a bake sale. Many community members volunteered their time and it showed. Congratulations.
The Gold Show last weekend was a success! The display was quite impressive. We are planning on doing it again next year, last weekend in June so mark your calendars.
The museum is a MSA vendor and currently we have some brand new self-rescuers in inventory that somebody ordered, then changed their mind. Our price is $260 each without the protective boot and $275 with the protective boot. These were just manufactured. Please contact me at 530-287-3223 if you would like to purchase any and pass on the word.
Thanks.in reply to: Miscellaneous #4329The lead heading of Brent Cook’s article makes a bold statement: Geologic success can only come about if a company is exploring in the right place—a terrain that is capable of hosting a major deposit. His next important point is: Gold mines and discoveries are in Short Supply and that major companies are facing a big problem. He offers the reader a solid opinion: economic gold deposits are extremely rare. He closes,“ Now is the Bad News ”: It Ain’t easy.
I like what he wrote yet even with his 25 years as a geologist, consultant and investment adviser, he is not a miner with high level management responsibilities. Therein lies a problem for a thorough analysis of a mining operation or exploration proposal. Therefore therein lies the problem for you, the seeker of participating in the current bull market of gold.
I can add to Brent Cook’s fine knowledge and other writers with similar expertise in the multi-faceted analysis of gold. A key word that Brent used in describing the rarity of gold deposits is ECONOMIC. For financial survival the underlying values of a deposit are reported in various types of “reserves”. Only one is relevant in comparing the risk/reward and return of capital of a proposed operation. It must be provable. This is the life long industry standard for economic reserves. It must pass the economic test. Probable, inferred, resource or hope and gut feelings do not lend themselves to an economic evaluation for investment. They may have secondary value, but if the operations cannot function over time, they are meaningless!
Mr. Cook closes with the following: “If, for example, you are a company exploring for gold, you have to know where you are, and, more importantly, where you are not in these geologic models. If you are an investor in said company, you had better know too. It means all the difference between making a fortune on what the market has presented you—a sweet spot where the major miners need new deposits and can afford to pay top dollar for discoveries—and missing a real opportunity.”
Original Sixteen to One Mine, Inc will honor its 100-year or centennial anniversary in 2011. Competent geologists and others familiar with its history in Alleghany, California predict that more gold remains in its properties than the 1.5 million reported ounces mined. A world-class deposit is one million ounces. The company knows where it is and it knows its geologic models.
The majors have shied away from the Sixteen to One because many in management misplaced their mining balls for security. This is a social complete turn around from the Fred Searles or Maxie Anderson and other mining men of the past. Corporate security and bureaucracy have replaced the spirit of miners. Why? Because the financiers deserted the industry or have invested in foolish non-economic exploration schemes. Money talks and gold mining can be a costly adventure. Less talk…more rock.
Thanks, Bluejay for introducing Brent Cook. Now I’ll introduce him to the oldest US gold producer and invite him to Alleghany for a look.
in reply to: Miscellaneous #4328The current politicians, in general, are over-paid losers.
The following quote from Martin Armstrong( http://www.martinarmstrong.org ) illustrates this point so well:
“There is no hope that politicians will save us for they only form committees to investigate after the shit-hits-the-fan. They will not risk their career for a future problem that may hit on someone else’s watch. There was a politician and an average man standing on the top of the Sears’ Tower when a gust of wind blew them off. The average man being a realistic-pessimist, immediately sees he is about to die and begins praying while the politician, the ultimate optimist, can be heard saying, “Well so far so good” as he passes the 4th floor.”
in reply to: Miscellaneous #4327Brent Cook talks about the challenges facing gold miners:
in reply to: Miscellaneous #4326Bluejay: “How do you screw up a place with the growth capability of California?”
The answer: Rigid ideology will do it.
in reply to: Clips from Alleghany #4324We had a great time yesterday at the Shareholders meeting..
Learnd some new information during the meeting I’m sure it will all make it to the forum soon..
Highlight of the day for me was getting to go under ground and see the mine workings.. Already waiting to come back next year !!!!!!A big thanks to Mike and the crew for making my first time to the Sixteen to One a very special one….
Jeff Smithin reply to: Clips from Alleghany #4325Would love to make it another meeting sometime in the future. Here is a picture from the ’95 meeting…
http://www.elitemuser.com/pic/19950520_0000_SixteenToOneMinePortal.jpg — the date is approxWe’re now in Maryland, and its a bit of a chore to travel…
in reply to: Clips from Alleghany #4323My spirit and heart were at our Mine today, but alas, obligations at home trumped my chance to attend.
How’s it?!!!
For me, it will be grand to hear from as many of us as possible, considering my inability to attend today. I’m very interested to read what any or all of you had to say about the water-board’s relentless prosecution of an environmental non-issue, and all the unchecked crap.
And, of course, the most important and vital course of action to start mining again.
in reply to: Miscellaneous #4320California is doomed.
Still, California isn’t Greece. It’s home to Silicon Valley, Hollywood and a $27 billion agriculture industry. “It’s unbelievable,” says Bob Nichols, CEO of Windward Capital Management Co. in Los Angeles. “How do you screw up a place with the growth capability of California? It’s so dysfunctional.”
in reply to: Clips from Alleghany #4322We will be there tomorrow for our first Share Holders meeting we cant wait !!!!!!!!
Jeff
in reply to: Miscellaneous #4321To our friend Bluejay and other ‘s upset with the decline in the quality of life in California.
I feel qualified to answer the question on the previous entry below. It is one man’s opinion but based on a lifetime of schooling, recreating,earning money, serving as a government appointee and an elected government official, alleged felon (thank you CDAA), parent, employer and producer of gold in this great State.
My faith in the people of California, the natural resources of California and the latent wisdom of all Americans provides me a calmness that better times are ahead of us. I’ll take on that writing task next week.
Everyone is very business right now readying for the shareholder visit to the mine. The place looks great and the crew has almost finished topping off our preparations. Mining gold is serious business and so are we. And you supporters and advocates help. Thanks for caring.
in reply to: Gold Enters Major Bull Market #4319Last on gold is $1242.70 UP $5.40
Last on silver is $18.57 UP $0.06Gold continues backing and filling with an upward bias following a suspected attack by the cartel after breaching $1260 some days back. The current daily uptrend shows about $1220 as support with resistance coming in at around $1320.
China has been downplaying gold’s strength from one of their many spokesmen as being in a bubble and having no interest in this volatile metal. Quite interesting as one of their gold producers just signed a deal to purchase about 50% of the gold production from Coeur d’Alene’s new Kensington Mine in Alaska. http://www.chinamining.org/Investment/2010-06-24/1277342344d37223.html
Another one of their spokesmen indicated some months ago that their plan is to acquire, within 10 years, a total of 10,000 tons surpassing the stated 8,000 plus tons that the U.S. holds. Unfortunately, there’s not many folks around that believe that we have nearly that much in hand lacking any recent audits. The Treasury reclassified their gold holdings sometime back as being in “Deep Storage,” whatever that means.
One thing is for sure, China continues to downplay gold as it quietly works behind the scenes to tie up physical gold while the bullion banks representing the Treasury continue hurting it with paper sales on the Comex Exchsnge in N.Y.
This game between the two will continue playing out with gold making new continuous highs as the cry babies of a dying fiat monetary system continue throwing mud at it following each price surge with no lasting effect.
in reply to: Clips from Alleghany #4318Ah, early summer in Alleghany means the annual Sixteen to One shareholder meeting. This meeting took place in San Francisco since 1911 until the Miller proxy battle for bringing the company back to mining was won in 1983. The corporate office moved to Sacramento, where a couple of annual meeting were held. The new board of directors changed the meeting site closer to the mine at the K through 12 school in Pike, about twelve miles from Alleghany. An invitation to tour the mine property was offered after the formal meeting was completed.
The next progression took place in 1991, after the company bought the interests of its non-performing lessee and took over the operation of the mine. The buy out was $300,000. The money came from a shareholder and university friend of Mike. He also put up another $300,000 for working capital and off the company went taking all the risks of gold mining.
In 1992 the directors opened the underground workings to the owners. It was a huge success. Year by year the event expanded. The walk to the famous Ballroom by way of the fishpond established in 1993 became very popular. After the crew established a mining heading in 2003 from the Ballroom up dip into the quartz vein, this section of the mine became off limits for everyone except the crew. (Scoop misses going to the Ballroom. It is breathtaking and ever so humbling to sit in this giant stope and marvel at the sights and sounds. Rumor is the company is willing to shore up the area but does not have the resources to do so at this time. Volunteers anyone?)
Other areas on the mine have been open to shareholders over the years. The Rainbow mine, Plumbago and Forest. Lately the walking tour covers the 800-foot level. A few years ago a crew drilled and blasted the north end, pursuing a splattering of gold in the quartz. It never wired into a pocket and management called it “deep enough”. There is a nice fishpond where one heading sunk down twelve feet and ran a short drift north.
Something new and exciting is planned for this year’s annual meeting underground inspection. Scoop has an invitation along with local and regional media and will write an account of the meeting. Right now the crew is setting up both tents and the large overhead shade where the meeting takes place. Weed eaters are whacking away, plumbing is under repair, landings are graded, trucks are gassed up (several times a truck that transports shareholders up or down to the portal have overheated or run dry of gas), ice is in the freezer, chairs are on the way to the mine, gold specimens for sale are inventoried and 200 delicious Cornish pasties have been ordered.
Pre registers are lighter this year. For shareholders who have flexibility on Saturday, June 26, come to Alleghany by 9:30 am for a treat you will enjoy and remember.
in reply to: Miscellaneous #4317Excellent informative conversation with the smart east Texas Mike concerning the Gulf blow-out, a short primer on drilling along with comments on the economy, M1, M2 and M3 money supplies, gold and the banks.
Texas Overnight with Charley Jones out of Dallas.
http://www.krld.com/pages/75514.php
Go to audio
Select Texas Overnight
Select interview from 6-21-10in reply to: Gold Enters Major Bull Market #4316California Numismatic Investments (CNI) – Englewood, California
Go to golddealer.com. All the info you require is there. In order to avoid tax and insured shipping charges you’ll have to spend 2M.
These folks have, overall, the best prices that I’ve seen. I’ve dealt with them for years. These people are very professional.
in reply to: Gold Enters Major Bull Market #4315BlueJay, refresh my memory please…what is the best way/place to buy physical gold (not paper) ?
in reply to: Gold Enters Major Bull Market #4313Gold hits all-time high of $1262.30
Last on gold is $1260.70 UP $15.50
Last on silver is $19.23 UP $0.50in reply to: Gold Enters Major Bull Market #4314Speaking of a all-time high of gold today, one needs to consider the following along with silver’s current price:
From John Williams subscriber comments today.
“Gold and Silver Highs Adjusted for CPI-U/SGS Inflation. Despite another recent all-time high in the price of gold, in the current cycle, gold and silver prices have yet to approach their historic high prices, adjusted for inflation. Even with the June 8th historic high gold price of $1,246.00 per troy ounce, the earlier all-time high of $850.00 (London afternoon fix, per Kitco.com) of January 21, 1980 was not breached in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 gold price peak would be $2,384 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $7,595 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.”
“In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce (London afternoon fix, per silverinstitute.org) has not been hit since, including in terms of inflation-adjusted dollars. Based on inflation through May 2010, the 1980 silver price peak would be $139 per troy ounce, based on not-seasonally-adjusted-CPI-U-adjusted dollars, and would be $442 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.”
Also from John Williams today:
“The general outlook on the economy and the markets is unchanged. For those with assets at risk, circumstances continue to suggest looking at actions for long-range wealth preservation. Despite any severe near-term volatility in the markets, physical gold and silver, assets outside the U.S. dollar (such as the Canadian dollar, the Australian dollar and Swiss franc) and assets outside the United States, offer long-term hedges against the severe loss ahead in U.S. dollar’s purchasing power.”
Current gold and silver prices in “funny money” combined with skewed government reporting of our real inflation rate make these metals the most under-valued assets on the planet.
in reply to: Gold Enters Major Bull Market #4312Last on gold is $1234.00
Last on silver is $18.62Remember May 6, 2010, the day the market crashed 1000 points within minutes? Remember the paper’s reporting that some order entry person submitted the wrong dollar amount to liquidate?
Well, get ready for a real education.
in reply to: Miscellaneous #4311“Throughout history, it has been the inaction of those who could have acted; the indifference of those who should have known better; the silence of the voice of justice when it mattered most; that has made it possible for evil to triumph”
–Haile Selassie
in reply to: Miscellaneous #4308Unbridled confiscation and theft is not just a State of California endeavor.
David DeGraw in the following short video with Max Keiser explains how it works on an international scale. You’ll be surprised to find out who the financial death squad leader is. It’s an old game: How do we steal someone else’s wealth?
All these entitles, believe it or not, are allowed to operate in destroying the wealth of the people by our permitting them to hold powerful positions. Are we really that naive? The current problem for the Mine is, how do we get an Arkansas sized tick out of our lives when the courts are greatly stacked in the favor of prosecutors?
You take your case to the common sensed people who put these scoundrels in there in the first place.
in reply to: Miscellaneous #4309Dave
As most folks are aware of, we have a two party con-operation of control in effect at election time – both basically wanting the same thing as they continue degrading the constitution which so many sad lives were lost in defending. These people have no shame.
They will do whatever they want until people stand up and say something like this: I don’t want the fox guarding my chicken coop anymore.
“Most of the representatives are only interested in the status quo.” The statement originates from someone in the U.S. Congress that recently wrote a letter to Mr. Martin Armstrong stating this. In November we’ll see how tired and mad voters have become with the trashing, little by little, of our Constitution.
I remember some years back a phrase from the “Dallas” show, probably Jock Ewing said this, “no one gives you power, you take it!”
I think we know who the power grabbing mongers are: you don’t have to look any further than to the hacks in government. Whose real bidding were they secretly conducting when the Glass Steagall Act was ordered torpedoed? You don’t have to look far: Who benfitted?
The Rothchilds in London, who control about half of the earth’s wealth, always seem to write their own financial future by contolling events along with manipulating the flow of information. Remember all the money they made on British government bonds following the outcome at Waterloo in 1815?
I turned in my federal reserve notes long ago for the real thing. Our Founding Fathers had every right to require gold and silver to be used in exchange as I’m sure they knew a thing or two about the bankers and government debt.
in reply to: Miscellaneous #4307The Paradox of Regulation
by Martin Armstrong 6-03-10
An opening excerpt. The balance can be accessed from the following link:
http://www.martinarmstrong.org/files/The-Paradox-of-Regulation-God-vs-Man-6-3-10.pdf
God v Man
“Here is a strange phenomenon that is inherent in any action. My mother perhaps had the best maxim: “Even a good thing to excess is bad.” This phrase she use to say when I was growing up is such a profound wisdom, we get caught up in all the nonsense that we become blind to the effects of what we are actually doing. I have observed this phenomenon for decades both live and in my study of history. I call it the Paradox of Regulation for what happens is quite profound. The more we try to regulate something, the more we in fact Deregulate. Indeed, where god set down a simple list of just 10 Commandments, man has frustrated his world by trying to constantly improve upon them to the point there are over 15 million laws, rules and regulations that all try to say the same thing, but in the process turn the world upside down. This is the source of our problems and the torment of political vacillations. If we could just get this one right, we would solve most of our problems in society.”
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Mr. Armstrong speaks the truth. Wouldn’t it be far simpler for the Company to just have to listen to the county Sheriff? Let him be the authority figure watchdog on the block with the Company’s affairs with the caveat that he or she has to answer to an elected local citizen’s over-sight committee. Let them be responsible for the 10 commandments and in the process get rid of the anti-Christ in the form of a politically appointed Water Board who doesn’t want to exercise any compassionate creative reasoning with us but hand out tickets to support their ridiculous occupational presence and outlandish incomes.
Environment issues are important but having a rag-tag group of Ligislators use it to confiscate wealth is a CRIME against mankind in the eyes of our creator.
How many governments of the world had tried to indict a company and its officers for murder in an obvious accidental and traggic death of a miner in performance of his duties? Enough is enough!
in reply to: Miscellaneous #4306The blow-out in the Gulf, at the hands of ignorant and money thirsty British Petroleum, will prove to be the most catastrophic event against the environment in all of world’s history. Even Obama has shown he is no leader by failing to take complete charge by just naively supporting one of his large campaign contributors.
I hold our government responsible for the continuing and pending destruction of the entire Gulf, the Atlantic Ocean and along with all of their inhabitants plus the sea birds that are suffering and dying a slow death being laden with crude.
The following is an interview with an elderly gentleman well experienced in the oil business. At the end of the interview his final comment of the atrocity against nature is garbled out. I ask, for whose benefit?
http://www.msnbc.msn.com/id/21134540/vp/37560013#37627680
We are living in another disgraceful period in world history where out-of-control corporate power not only is stealing our money via New York investment banks but now, it is destroying our planet.
How ironic it is that the flat-lander Central Water Board is chasing a ghost in the mountains with their their little rules book attempting to destroy shareholder’s wealth when, in fact, there has been no damage at all.
in reply to: Gold Enters Major Bull Market #4304Words from Jim Sinclair:
I know for certainty that gold will trade at $1650 on or before Jan 14th, 2011, but Armstrong thinks higher and before the end of June 2011.
in reply to: Gold Enters Major Bull Market #4303Gold closed off its high today at $1253.30 with a current last of $1234.80. This action could well be a very short term high point but never the less, an all-time high was established this Tuesday.
The following link is to a ratio of the DOW to gold, showing the great weakness it has experienced over past months. Richard Russell, when the Index was much higher predicted, the Index would continue lower until the DOW and gold were at the same level. The chart is courtesy of Dan Norcini at jsmineset.com who recentled moved from Houston to Idaho in getting away from big city life.
http://jsmineset.com/wp-content/uploads/2010/06/Dow-Gold_ratio.pdf
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