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- in reply to: Clips from Alleghany #4137
On Friday the 12th there was a memorial service for Joe Anne the jelly lady a longtime resident of Alleghany. It was so nice to see the old school gym and the church cleaned up and in use! I worked long and hard helping with the preparations and then ironically here is how the night ended:
About 9 PM my husband David was locking the door to the old school gym (Sixteen to One Office) and I was standing nearby in the parking lot. A drunken mourner came up and picked me up by my thighs and started spinning around in the parking lot holding me up so my head was about two feet above his. The minute he picked me up I started yelling at him to” “Stop, stop, put me down, you’re going to fall!” to which he replied: “I’m not going to fall” and right then he fell. This all happened in the amount of time it took David to lock the door and my leg was broken. Since I AM the only EMT in town, calling 911 didn’t make a lot of sense. I told David where to get the splinting supplies out of the firehouse and I had good sensation in my toes. So David splinted my leg and a couple guys helped load me in our truck and then it was a very long ride to the hospital in Grass VAlley. There we found out that both the tibia and fibula in my lower right leg were broken. I’m mostly staying home and David and Wyatt are taking good care of me. Almost every single household in Alleghany has called to offer to do anything they can for me. This is what community is about. Thank you to you all.
in reply to: Risk Management Strategies #4136Hans: you don’t seem to get the message. When your ore runs an ounce of gold to the pound of quartz you will never have reserves
in reply to: Risk Management Strategies #4139Blue Jay:
Many physical and geochemical features are associated with high-grade in the 16:1 mine. The more indicators in a given area, the better the target. These indicators have been discussed in many publications including some of my own. Unfortunately, the Alleghany district is known for having many very good targets that turn out to be “false positives” with no gold.
At the time I seriously started working with the 16:1 Mine, I noted a direct correlation between the amount of material mined, (rock broken) and the production of gold. Historically, the years when the largest amount of rock was mined were the years when the largest amount of gold was produced.
Therefore, if you explore two targets a year, production will probably be very low as it has been. But, if you explore five targets a month, production will probably be very much higher. The 16:1 mine is full of good exploration targets. Each target contains several good indicators. These targets are waiting to be explored. Therefore, the problem is not geological or the geologist, but production.
Also, Rob McEwen hit a grand slam with Gold Corp. His new company is US Gold. With this company he is behind in the 9th inning with two outs and two strikes and no one on base.in reply to: Risk Management Strategies #4135Thank you, Mike, Dave I and Bluejay, for your comments.
Since English is not my native tongue, it is sommetimes difficult for me to get my ideas across in English language. Let me try once more from a different point of view.
Wherever the funding of mining activities is discussed, the “proven reserves” are one of key points that are of interest to the prospective investors. Right?
And in case of the Origsix, there are no proven reserves yet. Right?
So all I am saying is:
Let us proceed in two seperate steps that are seperately organised and seperately funded.
First, let us establish “proven reserves”, that are double-checked and triple-checked beyond reasonable doubt within the Origsix orebody via a “cutting edge” and low cost exploration program into prospective pay-zones.
Then, in a second step, let us get the funding to go blasting into those “proven reserves” and see for good whether they are just another bunch of “true falses” or real high-grade.
in reply to: Risk Management Strategies #4134The subject of getting the men back at work and the production of gold starting once again has been as perplexing for me as witnessing all the cheap shots that are being constantly lodged against us by a bankrupt State of California in the past seeking political gain and currently, seeking much needed added revenue flow with requests for bogus fines and penalties to be paid along with the Federal government demeaning gold through all of their agents of masquerade in proping up a dying fiat currency.
To make matters worse, our past lucrative halo of pockets between the 49 Winze and the Tightner shaft, basically above the 1000 foot level, appears to be a one time event within a very small section of the Alleghany Mining District.
Although we have a competent local geologist with many years experience in the District, it would never hurt to expose the Mine’s geology plus mining records to other experienced minds for their assessment. Some years ago Rob McEwen did this in the form of a contest with stated rewards asking where the great probability of gold deposits actually were in the Red Lake Mine of GoldCorp’s at Red Lake, Ontario. I believe the winner was from Australia, possibly a firm of geologists. Following the direction of the winner’s recommendations, massive high-grade gold deposits were located in the mine.
Although our geologist, Ray Wittkopp, has concluded his study with recommendations, it would greatly benefit the Company to have a second opinion describing where the big pockets of gold are, augmenting his research and experience and adding creditability to our property from two professional perspectives to prospective investors.
My interpretation of the Ferguson and Gannett Report is that there remains 3,000,000 ounces of gold awaiting to be mined in the District. The currect value of supposed precious metal in the ground is worth $3,316,500,000 at current prices.
Now, this figure only represents gold for the refiners. Most probably, a great extent will be sold as specimens to jewelers commanding a high premium value to the prevailing gold prices. Could the ultimate value of the supposed remaining in-ground deposits be worth $10 billion? No, they will be much higher in the years ahead as our money becomes worth less and less and the dollar amount of gold is pushed higher. Another significant reason pushing gold higher is the general increasing mistrust of governments that is currently in a strong uptrend with no distant top seen on the horizon.
Yes the risk of ownership in the Company is great at the moment but what happens if there is a technological breakthrough in a device that can lead us directly to the gold avoiding needless blasting and mucking?
If this happens the mine could easily have gold sales of $50,000,000 a year. With about 12,000,000 shares outstanding, you figure out what someone with a financial mind would be willing to pay for a share of the company including dividends which surely will be paid out.
Taking on risk is the harbinger to great financial gain.
in reply to: Risk Management Strategies #4133My buddy Bob and I were on one of our historical tours to Nevada to visit some old Ghost towns an kick a few rocks around in a pan if the desire should occur. We figured that with the rise in price of gold, Nevada should be booming.
A few places were. And there are claim markers all over the land scape. There is big plans for development this year which is the general run of the rumors we herd form the locals in Lovelock, Winnemucca, and Austin.
The subject was women working in mines. While in Winnemucca and enjoying dinner at the Bass Hotel, an exccelent place to eat, it is a family style service where patrons sit together on long tables. While Bob and I were enjoying our meal also discussing mining history at the time, this Pretty lady walks in, was led and seated at our table. She expressed that she was famished and just got off of a 12 hour shift at the Berrick Mine, up the road, near Battle Mountain.
This quirked our interest, being the snoopy guys we are. we introduced our selves, as she did her self. we come to find out she operates a boomer or jumbo under ground. we visited about mining until her meal was served, it was so interesting about what the mines were doing, that she even forgot to start eating her meal and so we excused or selves to be kind to her so she could have her supper. Yes women do work in mines.in reply to: Risk Management Strategies #4132Hans, no one bit with your constructive ideas that started this topic. I’ll give it a shot this mid winter afternoon before the topic moves to Miscellaneous.
The “feast of famine” concept is deceiving when used to calculate a very high-grade gold deposit such as the Sixteen to One. Many important factors must be used to evaluate the Sixteen to One mine. Over the last couple of years management favored giving up future profit for speed or timing. We sought working capital. The company would benefit from some outside capital. I wrote, listened to or spoke with numerous people, men actually. Women seem totally out of gold as a means to increase or protect their wealth. It’s too bad. Women would find underground hard rock gold mining at the Sixteen profitable and stimulating. I would like to see women move into the gold mining industries. The men have screwed it up for the past twenty plus years. That is why so many gold deposits in the world lay idle. The industry lacks credibility even though many more investors have lost fortunes in high tech and the dot-com segment of investments.
Greed, lying just to make a buck, going after the quick dollar and indolence are not well suited to mining operations that place production (profitable production) as the primary goal. Too many past investments in gold mining failed. The stock play has been a dominant goal not gold mining. Frankly, failure is much greater than success. The next time some “want-to-be” gold player or gold critic brings up Bree X as a reason to stay away from gold, I’ll just mutter Enron or Lehman Brothers and politely walk away. My point: don’t put all of us in the gold mining industry in the same basket.
You get the point: all gold mines, all gold deposits and all gold mining plans are different. But students of the past gain a great edge in ferreting out the best from the good and the good from the bad. Gold mining, however, remains mysterious, more than drilling for oil, making new drugs for sale or the hottest investments known as “intellectual technology”.
Over the years my engineers, geologists and other staff and crew have figured costs down to a nat’s ass. What changes are the prices, but it is easy to plug in current figures. We co0ntinue to practice the art and science of mining, much like doctors and lawyers are always practicing medicine or law. When will they get it right and quit the practicing and start doing.
The metal detector has changes many areas in our mining operation, all for the better. More improvements wait. Much of what we have learned and incorporated into future operations is not for general discussion. It would be considered proprietary. A banker in Silicon Valley called my business “trailing edge technology”. After he got up off the floor, he explained that it was not the “leading edge” his investors thought so great. Yes, I took some offense to his characterization of our mining because few really know how much progress we have made over the past eighteen years in developing our “leading edge” technology.
The mine and company’s glorious past may not provide the assurances needed to attract some investors. Nevertheless, historic data are serious factors to judge. In 1974, it was that historical data, observations on the ground and analysis for the future direction of gold that convinced me to move here from Santa Barbara. The present and the outlook for the future provide the assurances for investment. The proposed limited partnership for investors that you saw removed much of the risk. Anything speculative has risk. Compared to all gold ventures I know about, the potential rewards exceed justification for the potential risks. That is one reason I continue my interest in our mines. All mining carries risk; however mining the Sixteen to One today has risks but the risk should not be considered “high”. Reaching that comfort level require a type of due diligence that few have taken. I along with a couple of dozen others took those steps and made a meaningful commitment. Hundreds of others have made a serious commitment but not necessarily with serious capital.
Influxes of money on acceptable terms to the Company shorten the time for developing the Red Star shaft. It will happen but sooner rather than later is my goal. The study or analysis or due diligence you proposed adds nothing new to the gut reality of the Sixteen to One operation. While it may be an exercise that nudges a cautious gold speculator into our camp, it adds nothing to the moves we are taking and have planned. My conclusions are that no one will get involved financial with our operation; we must figure this out on our own because the global fear of uncertainty has masked the unbelievable situation our company finds itself. Broke isn’t fun. Being aggressively attacked by some ill informed bureaucrats out of Sacramento isn’t fun. Under achieving a grand opportunity isn’t fun. Not taking a salary isn’t fun. BUT, the stars have aligned for this 100-year-old company. What it cannot control is positive with a favorable future. What is has before it underground is proven. Of the three M’s necessary for success in a gold mine (men-money and minerals) only money is in short supply. If I had a choice of which of the three to be short, it would be money.
I wish I could play into your concerns, but I cannot. Gold is not for everyone and neither is the Sixteen to One. I do wish that someone would knock at the office door with the only missing ingredient for blasting into that 100,000-ounce pocket of gold; however, the lack of money will not prohibit it from happening. It may just take longer.
in reply to: Gold Enters Major Bull Market #4131Gold rallied today to a last of $1115.50 from just below $1100 following the increase in the discount rate that intially took it lower. Demand for gold in the $1080 to $1100 area appears preparing the metal for another thrust higher in the weeks ahead.
Dr. Jeffrey Lewis reported in kitco.com, http://www.kitco.com/ind/Lewis/feb172010.html that “COMEX has systematically created an even bigger problem for investors. The exchange allows investors to make good on their future positions with gold and silver ETF’s rather than real assets, thus opening up the door for hugely distorted market prices.”
First, the COMEX isn’t referring to investors, they are referring to the likes of the big bullion banks like J.P. Morgan and Golden Sachs. When have you ever heard of an investor defined as someone who naked shorts gold and silver contracts? What a joke!
Physical gold and silver are disappearing from the market place, clear and simple. Basically the COMEX is saying, you can still bet on silver and gold prices but you can’t take delivery and walk away with the specie.
Jim Willie has repeatedly warned that there is a growing physical gold delivery problem in London with some large Chinese interests boiling mad enough to employ an army of lawyers and auditors to retrieve their gold.
The fiat currency managers by the actions of COMEX are saying, we’ll control the metal prices and prevent you from taking physical delivery but you can still play the game in our unbacked fiats.
The handwriting is on the wall for those willing to see it, the physical supply of gold and silver is running out. You better get your share before the supply channels start drying up.
COMEX’s message is quite clear, the big gold and silver shorts are close to default. The bending of the delivery rules is just another bail out for these sociopaths. The CFTC should close this crooked exchange.
in reply to: Gold Enters Major Bull Market #4130The derivative market was the high lighted on “Front Line” of P.B.S. and the high flying free market. This is still a mysterious market, that was using the housing bubble to back their debt. the whole house of cards imploded just like the fall of the stock market in 1929, except bigger.
It was a time bomb that could have happened 10 to 20 years ago. The federal reserve was basically responsible for it. The Commodities market director was aware of it, but ham strung by the banking industry and the federal Reserve to stop the regulating of it.
Do not fear, time will heal all. Yes we will all have to pay for it. Life will go on. We will all figure out how to make a living or die trying.
Our nation is the bread basket of the world, so food should get cheaper. Housing will get cheaper. Retirement may become a lost cause, because the investment of that security went broke. We are a strong people,we will survive.
With out regulation of this derivative market, fraud and corruption ran out of control. We pay for it now.in reply to: Gold Enters Major Bull Market #4129Last on gold is $1121.50(now $1110.40) after trading under $1100 twice last night. Weakness developed soon after the close of the market in NY yesterday when the IMF, in an e-mail announcement, said that it would be selling the last of the 403.3 tons of gold, 191.3 tons, on the open market. This will never happen in the open market as it is against the IMF charter, conducting auctions would be more like it.
Releasing this information after NY hours would indicate an attempt to use black magic in order to get gold as low as possible in an illiquid market.
Unfortunately for the cabal, it was a dud. Just like when George Soros stated that gold was in a bubble in January. It turns out that since the Soros’ statement he actually has been buying gold for his own hedge fund.
We are in the age of manipulation and extreme greed. Getting the Federal Reserve Act of 1913 passed bordered on another form of manipulation, this time by the bankers and not a hedge fund.
The Act was approved during the Christmas Holiday. The crucial vote came in the Senate on December 23, 1913, 68 members were in attendance while 27 were no-shows. The final vote for passage was 43 yeas to 25 nays. One wonders, how many of the yeas were bought and paid for by the big New York bankers?
The bankers had long planned for this privately owned central bank to subsidize them beginning with their infamous secret Jeckyll Island meeting that begun in November of 1910.
http://www.youtube.com/watch?v=xISSTVF_KgM&NR=1
A quote from Robert Kiyosaki would seem appropriate here:
“This(Jeckyll Island get-together) is a murder mystery about the financial murder of the middle class.”
Anyone who has ever read Ferdinand Lips’ book, Gold Wars, is not surprised at what length the masters of fiat run currencies will do to support the continuing acceptance of those unbacked paper promises assisting the bankers in keeping us indebted to them as they both debase our wealth.
Gold is our only ally now as the real estate market has topped out for the long term, according to Martin Armstrong.
Armstrong also states, “the bottom comes in 13 years.” This continuing real estate collapse is far more serious than we are being told. Las Vegas and Reno continue to be hard hit with little hope in sight. My son predicts that in the future a person will be able to purchase an average sized home in Nevada or Florida for one ounce of gold.
The only home values that I am aware of that have bottomed out are in Detroit. About 1/10th of a ounce will buy you a handful of homes. Check it out, go to realtor.com.
in reply to: Miscellaneous #4124Squeeze The People
My grandfather was a member of the L.A. County Planning Commission from the mid-30’s until his demise in 1958. During his tenure he refused to take a salary and, of course, never took a pension. His conviction was that it was one’s civic responsibility to contribe to society, not to profit by it.
Today, so-called civil servants have positioned themselves through the halls of power in government to bleed their constituents. This is becoming self evident as government revenues supporting these high paying positions and pensions continues to shrink with expanding economic decay.
Position salaries for the CEO’s of the top three banks in China make $250,000 or so in yearly compensation. A big financial shake-up is coming our way as we have been living beyound our means for far too long. In the linked news newspaper report below check out the ballooned pensions that some of the southern California school districts have handed out.
The excessive forms of public employeee benefits is surely due to be reigned in with some realistice haircuts soon to be mandated as the bankrupt State of California along with many of its municipalities are running out of options to stop the bleeding.
The Water Board gestapo with their salaries in the excess of $100,000 is one obvious place to start yielding the axe.
in reply to: Miscellaneous #4128Wages are relative to cost of living for employees, The $19.45 hourly wages in the Bay Area were relative to wages of the early 1990’s Today it is now $25.00 to $35.00 per hour for skilled labor. As for benefits, they can be almost the same amount as the wages, so doubling the wages I would think would be the hourly cost of an employee. This would also include management of the employee, training of the employee, retirement funding, social security, medical benefits, safety equipment, vacation time, sick leave, unemployment insurance, and disability insurance. These are all costs associated with an employee. Especially a union employee.
in reply to: Miscellaneous #4127The following was submitted to the Casey Dispatch and printed today in that daily report.
According to this report from the BLS, state and local government employers spent an average of $39.83 per hour worked ($26.24 for wages and $13.60 for benefits) for total employee compensation in September 2009. Total employer compensation costs for private-industry workers averaged $27.49 per hour ($19.45 for wages and $8.05 for benefits).
Translation: government employees make about 45% more on average than private-sector employees.
No wonder the States are in trouble, the hired help is making more money than the citizens that are still lucky enough to still have a job.
in reply to: Miscellaneous #4126I ment to say in my last statement The argument to stop the state from enforcing the stop dredging law.
in reply to: Miscellaneous #4125The 1872 mining law, for which you have been gifted a right to mine. This is the argument that is being considered in federal court to cause the law the State of California passed to stop dredging. A gifted right is protected by the 9th Amendment of the U.S. Constitution.
This same right should protect the 16 to One from interference from the state water board law suit. P.L.P. is representing this argument, based on a court action of another federal court in another state. The argument is written up in the “California Mining Journal”. I recommend you get in touch with the P.L.P. about your case against this law suit.
You might want to get a venue change to a federal court as the action of the complaint is for federal land. Which is not a state jurisdiction.in reply to: Gold Enters Major Bull Market #4123Gold is higher today at $1119.40.
The following linked interview between Eric King and Jim Sinclair is about 45 minutes of the most priceless listening time you may ever spend.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/15_Jim_Sinclair.html
The financial sociopaths and serial bullies are just beginning to feel the wrath of the people they are attempting to destroy as the following news release suggests:
HurriyetDailyNews.com
Tuesday, February 16, 2010
Wires
Greece-BombATHENS, Greece (AP) – Police in the Greek capital say a bomb has exploded at the offices of American financial services firm JPMorgan Chase & Co., causing no injuries.
The blast occurred early evening Tuesday in an upscale area of central Athens, following a warning telephone call to an Athens newspaper.
The extent of the damage was not immediately clear. 161811 feb 10GMTin reply to: Miscellaneous #4122CNNmoney.com reports that beginning July 1th, the start of the State’s fiscal years, 900,000 of their employees will be released. I guess if you work for the Water Board and can write tickets to save your job. Those positions may be a bit more secure from the regular State folks who can’t write revenue producing demands for water infractions based upon fantasy. If Californians were aware of the extended injustices this body has directed towards the Sixteen to One heads would roll.
On a recent returning mid-week trip from Reno on I-80 there were more CHP flashing lights for infraction stops than ever seen before. The “squeeze the people” State agenda apparently is now in full speed ahead.
Just like Hillary Clinton recently stated, “We’re going to tax anything that moves” clearly exemplifies the government employee’s attitude towards their constituents to cover their expanded financial requirements for all the mistakes and those of the big banks.
The general criticism of government keeps expanding on a daily basis. Gold is a free person’s hedge against fumbling leaders. As the growing massive problems behind the curtain find the light of day it will become apparent to everyone that our elected officials and their appointees were clearly out of their league as is witnessed by all their cover-up arrogance and evident monopolistic corner on ignorance.
The growing job losses of the States are living proof of government’s incompetence and all the State governments, no one is more shameful than California. This trend should continue well into 2016 with higher and higher long term gold prices as educated people protect themselves and their families.
in reply to: Gold Enters Major Bull Market #4121China’s Pressing Need To Buy More Gold.
This is an excellent article from December 29, 2009.
in reply to: Miscellaneous #4120What do Hammurabi, Plato, Charlemagne, Dante and Queens Mary and Elizabeth have in common? They all condemned, outlawed or regulated the charging of interest on loans. In fact, until the early 1900s interest rates in the United States were kept at or near 10%. And until 1979, loan laws provided some interest rate cap in every state. Then everything changed. Governments and banks put profits before people. And now the lending industry is spiraling out of control. (From Wikipedia)
An excerpt from the 79.9% interest rate story from Yahoo.com today:
A national bank charging 79.9 percent interest on a credit card is legal — as long as the issuer fully discloses the terms as required by the federal Truth in Lending Act. Still, the high rate has been met with shock across the country because it is so much higher than prevailing APRs and penatly interest rates. The CreditCards.com Weekly Rate report national average for bad credit credit cards was 14.15 percent on Feb. 12.
The money paid to banks for credit card interest expense never finds it way into the general economy. When Paul Volcker collared inflation in the early 80’s by increasing interest rates usury charges passed 10% to never return below there again. The bankers are sucking us dry and setting the nation up for another financial panic which the big ones usually benefit from. It’s an old game that’s been going on throughout our history.
They are turning us all into paupers all over again while our elected representatives care only about themselves. Is there any wonder that a recent survey indicated that the great majority of Americans have no interest in re-elected their representatives?
in reply to: Miscellaneous #4119A parallel here with the beginning of the decline of Rome?
From today’s Casey’s Dispatch:
Obama’s total proposed annual military budget is nearly $1 trillion.
To understand the immensity of one trillion dollars, one would have had to start spending $1 million daily soon after Rome was founded and continue for 2,738 years until today.
This [Obama’s proposed budget] includes Pentagon spending of $880 billion. Add secret “black programs” (about $70 billion); military aid to foreign nations like Egypt, Israel and Pakistan (including bribes); 225,000 military “contractors” (mercenaries and workers); and veteran’s costs. Add $75 billion (nearly 2.5 times France’s total defense budget) for 16 poorly functioning intelligence agencies with 200,000 employees who keep tripping over one another.
The Afghanistan and Iraq wars ($1 trillion so far) will cost $200–$250 billion more this year, including hidden and indirect expenses.
Obama’s Afghan “surge” of 30,000 new troops will cost an additional $33 billion – more than Germany’s total defense budget.
The Pentagon colossus now accounts for half of total world military spending.
China and Russia combined spend only a paltry 10% of the U.S. on defense.
There are 750 U.S. military bases in 50 nations and 255,000 service members stationed abroad, 116,000 in Europe, nearly 100,000 in Japan and South Korea.
in reply to: Gold Enters Major Bull Market #4118In speaking of buying gold coins on reactions in the past it was thought that folks knew where to go and get them. This may or not not be the case.
In past dealings of mine, and friends and relatives I have become aware of some outstanding sources for gold and silver coins:
http://www.moderncoinmart.com/cart1/home.php
In regards to ebay.com purchases have always been made from the top rated sellers using paypal. When using paypal all purchases are insured.
Numismatic coins can be purchased either professionally graded or not. I prefer some part of my coin’s position to be in these graded coins as there is never a doubt to the condition of them and in the future can be sold sight unseen. The coins are slabbed in hard plastic with the grader’s identification on it as well as the grade. The highest grade is MS 70 which is basically a flawless coin and carries the highest value in the series of MS ratings.
If anyone has an interest concerning the process of grading coins at PCGS which is my favorite there is a five minute video available from http://www.golddealer.com. When you get to the site go to “U.S. gold and silver PCGS certified.” Next select either high bandwidth(Cable/DSL) or low bandwidth(Dial Up).
For simplicity purposes within the current bull market in gold I prefer to scale down coin purchases from the lower half of the ascending up trendline channel. To make purchases easy and methodical in the days and weeks ahead for those with an interest, lets just take the current range in round numbers in the channel from 900 to 1200 as a starting point to arrive at the median level, 1050.
At $20 lower intervals or so from 1050 you would purchase your selected coin varieties from the above mentioned sources or your own sources. Of the people I speak to, they hold 70% in gold and silver bullion coins and the balance in certified coins of their allotted percentage in their portfolio for coins.
For folks who do not like to store the bullion coins an excellent alternative is in buying and having certificates delivered to you of Central Fund of Canada(CEF-ASE). Of all the Exchange traded funds, IMO, this is the most secure. CEF holds 50% gold and 50% silver bullion in secure Canadian vaults.
I am not at all convinced that the current short term move lower in both gold and silver is over quite yet. As the earlier supplied article from Jim Willie states the current market weakness is being driven by paper gold sellers who don’t necessarily have the physical metal but who are, anyway, affecting the physical price.
Mr. Willie states that this current weakness is an opportunity for physical buyers with the total collapse of the world’s paper gold markets pending as he convincingly made his case for.
in reply to: Gold Enters Major Bull Market #4116Gold has become weaker faster than expected as it is now off $14.10 for the day at $1049.10, breaking short term support at $1060.
There is no question that the cartel wants the metal under $1000. They have succeeded in freightening the market which is one of their onerous trademarks. Manipulating the dollar higher makes the weakness more justified in the minds of market followers but it’s the gold they want lower, not the dollar higher. Just because Euroland has their troubles the dollar is now the currency of choice? The fact of the matter is that all fiat currencies will erode in value against gold and this present playing off one currency against the other is just child’s play when weighing in some serious consideration for real wealth preservation with gold.
The following linked video clearly states the case why the dollar will fall in value against gold when some day over the next five years it will take 15,000 dollars to buy one ounce of gold.
Continue buying and holding gold, it is your family’s insurance policy against planned government mistakes that are more than likely being orchestrated by the owner of half the world’s wealth from across the Atlantic.
http://www.thestreet.com/video/index.html?bcpid=1815813252&bctid=64473713001#64372897001
in reply to: Gold Enters Major Bull Market #4117Gold closed on a strong daily note at $1065.00 rallying from an earlier low at $1042.50.
The following linked article by Jim Willie goes into the structural breakdown of the gold market in detail which may shock you:
in reply to: Clips from Alleghany #4115Thanks auriferous, looks like Tuesday March 2nd is the date for the program.
in reply to: Ideal Time for Facts #4114Recent comments from Martin Armstrong:
“This is the real behind-the-scenes life with regulators, they are relentness and will NEVER yield to the truth.”
“It’s all about winning and they WILL do whatever it takes to win.”
in reply to: Clips from Alleghany #4113Found schedule note here: http://tv.msn.com/tv/episode/how-the-earth-was-made/america’s-gold/
in reply to: Gold Enters Major Bull Market #4112The following is an addendum to the previous comments:
It wouldn’t be a surprise if the cartel has a plan to jerk our chains with further paper selling in gold and silver along with the related shares in the weeks ahead. Over the short term if the $1060 level on gold gives way they will be successful in stirring up our nerves again like they did back in the later part of 2008 when a few U.S. banks tore into the precious metal’s prices with a flood of paper product sell orders.
Recent bullish chart patterns of the Gold/XAU and the Gold/Silver ratios indicate that not only will gold be weak in the short term ahead but that suspected down leverage will be extended more to the related shares along with silver. When these ratios are bullish they actually represent bearishness. It’s almost like when a bond is advancing it actually relates to a bearish trend of a lower expected interest rate return for current buyers.
It’s the opinion here that plans should be in place to take advantage of weakness in gold if the $1000 level gets cracked. Any forced sell-off in gold only goes to show how desperate the fumbling fools in Washington have become as is supported by the growing numbers of folks who have become anti-government.
in reply to: Gold Enters Major Bull Market #4111Last on gold is $1110.50 after hitting a high of $1125.80 in Hong Kong last night as the metal continues to gyrate around its median price within its bull market channel formation at about $1112. Gold’s last sale is neither over-bought nor over-sold within this major ascending trend.
Currently, the top of the channel is at $1250 and the bottom of it at $975 are well entrenched and continue to direct the metal higher into the future as it continues to recover from a recent speed bump at $1225 in December.
in reply to: Clips from Alleghany #4110Just got word that the date for the History Channel Program has been changed. Don’t have confirmation of the date yet. Will pass it along as soon as we have it.
in reply to: Clips from Alleghany #4109Maui Black Jack call me at 808-348-3466
in reply to: Clips from Alleghany #4108Cool cant wait to see it !!!!
in reply to: Clips from Alleghany #4107Origins of the Earth program featuring the Sixteen to One Mine will air on Tuesday February 9th on the history channel. Check your local listing for the time.
in reply to: Gold Enters Major Bull Market #4105The last on gold is $1105.50.
The following link provides perspective from Rick Ackerman concerning gold’s weakness encouraged by the fiat currency lovers:
in reply to: Gold Enters Major Bull Market #4103Gold closed out the week at $1080.20.
The battle against gold by the cartel is starting to intensify. Since CNNMoney.com early last week put out an article that predicted $500 gold, Nouriel Roubini is stating that $1500 and $2000 gold projections by experts are non-sense.
One just has to look into Mr. Roubini’s past to see who he’s been rubbing elbows with to get an idea what side of the fence he is on.
The following is an excerpt from Wikipedia concerning Mr. Roubini:
After receiving BA in political economics at Bocconi University and doctorate in international economics at Harvard University, he began academic research and policy making by teaching at Yale while also spending time at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel. Much of his early studies focused on emerging markets. During the administration of President Bill Clinton, he was a senior economist for the Council of Economic Advisers, later moving to the United States Treasury Department as a senior adviser to Timothy Geithner, who is now Treasury Secretary.
We live in a cruel world of thievery, injustice and moral decay and now the ones with political connections tell us gold is not for us.
Is there any wonder why the government put one of the most brilliant minds in the world, Martin Armstrong, in jail? Believe what you must, I prefer to be educated by the prodigies and not the white shoed boys from Harvard and Yale.
in reply to: Gold Enters Major Bull Market #4102Last on gold tonight is $1083.60 following a low of $1073 earlier in the day in NY.
It’s quite apparent that pressure is being exerted on gold’s price at and around the $1100 area. As this selling continues the media whores along with a big investor are talking this market lower by pointing out that gold’s recent strength represents a bubble ready to pop.
Isn’t it interesting that the press reports bad mouthing gold is never balanced with positive comments? Now George Soros says, in so many words, that gold is coming down. Soros trades the US dollar and one can easily speculate with these negative comments on gold that he is long the dollar. Soros has had a keen interest in holding gold shares in the past. Is Soros short gold and worried at current levels or is he looking to buy the bullion lower along with the related shares????
Since his comments were made today at Davos 2010, expect some follow through in gold selling from folks who find themselves in a state of confusion or not being dynamic in their understanding of monetary science.
Another linked article below from CNNMoney.com from the 25th of the month is a real laugher: Some non-gold-expert who writes for Fortune Magazine predicts that the price of gold is headed to $500 in two years. This forecast may turn out to be the worst of all-time, beating the Boston Globe’s stated position that buying the metal back in the early 90’s at just above $300 was, basically, risky and a bad idea.
http://www.foxnews.com/story/0,2933,297483,00.html
http://money.cnn.com/2010/01/25/news/economy/assets_bubbles.fortune/index.htm
in reply to: Clips from Alleghany #4101Keeping watch of events from Maui. Would like to help shovel snow if I was there. It’s hot here on Maui. Wouldn’t mind a short stay to cool off. Good luck to all those involved.
in reply to: Clips from Alleghany #4100Winter has finally arrived in Alleghany. We got close to four feet of snow over the last week, then yesterday it started raining. Yuck. Luckily it did not rain a lot, today it is just cloudy. The snow depth varies from three to four feet.
Last week a large oak tree fell on the pump house for the town’s water system. The pump house will have to be rebuilt and the power line is still disconnected. Thankfully none of the equipment inside the pump house was damaged and we are able to pump water using our propane generator.
The power was out for about four days, parts of town had power restored a couple days earlier than other parts of town.
A large fir tree fell across Miner’s Street last Friday. Luckily the only thing it took out was a phone line. Yes we are feeling lucky.Mike Miller and son Reid are in Sacrament today and tomorrow taking the OSHA safety rep. and gas tester course. Rae Bell is doing year-end payroll and sales taxes for a few different entities including the mine this week.
Ray Wittkopp returns from his trip to New Zealand tomorrow.
The fire department is looking for volunteers to help shovel out the fire hydrants in Alleghany. This is a never-ending job when it snows but “many hands make light work” and the four hands that have been doing it have sore backs!
in reply to: Clips from Alleghany #4099Whats the latest weather conditions in your area.Here in the Islands we are enjoying 82 hi 70 low and some 40 foot waves.
in reply to: Gold Enters Major Bull Market #4097Last on gold is $1132.70 with American markets closed today in observance of Martin Luther King day.
Jim Sinclair at jsmineset.com makes positive comments today on Africa’s economic future aided by Chinese investments.
It’s all about developing new markets and locking up natural resources along with guaranteeing China an exclusive source of gold in the years ahead.
Martin Armstrong sees China as the new Rome.
in reply to: Ideal Time for Facts #4096An excellent YouTube presentation by the Patriot, Gerald Celente, in keeping us focused on Washington’s continuing support of the Wall Street crooks:
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