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- in reply to: Gold Enters Major Bull Market #4178
Gold is off $16.90 at $1085.90. The dollar is benefiting from weakness spilling over into the Euro and the Pound which are both breaking below short term support levels today.
The volatility in the currency markets as a result of growing sovereign debt is expected to increase. Today it’s all about putting funds into the dollar while withdrawing them out of western European currencies for safety. Safety?
Most currencies will eventually be unable to escape the coming contagion of debt default and all are expected to go south against gold in due course. It’s just a matter of time.
In the meantime, gold suffers a little as the dollar is the prettiest girl at the dance in the eyes of currency traders and institutions as it remains, for the most part, the world’s reserve currency.
I’ve been going over a 10 year chart of gold. What I see is that smart money is entering the precious metal each time it approaches its 40 week average, or the 200 day moving average line. With the exception of the banker’s raid on gold and silver in 2008, all have been perfectly timed. The 40 week average currently stands at 1045.72.
If I were operating China’s unannounced gold buying program, I would have been buying all day and looking forward to lower prices for the rest of the week and beyond. Whether they get their wish at these levels down to about $1046 is anyone’s guess.
Martin Armstrong has stated beginning next month through October of this year gold will be strong. Mr. Armstrong has a track record that surpasses the great majority of market followers. I guess we’ll find out soon enough if he can do it again.
in reply to: Another U.S. precious metals miner goes foreign #4177The problem today is that most Americans are Wankers. They expect the government to take care of them. What ever happened to the days of “Please Uncle Sam, I would rather do it myself”? Could it be that true Americans are an endangered species?
in reply to: Another U.S. precious metals miner goes foreign #4176Being aware of the lack of freedom and the continuous assault on those rights by an intrusive government trying to be the solution to all problems of humanity has taken away our freedom of responsibility to our selves. We as a people do we want this freedom back? We have grown complacent.
in reply to: Another U.S. precious metals miner goes foreign #4175Rick, you speak for the common man. Dave, I used to be a true believer like yourself. The Constitution is methodically being dismandled, make no mistake about that. I’m hearing from respected people that the health care plan that is supposedly going to be passed tonight with more people against it, will take in money early while delaying benefits for four years. Who does this benefit? It benefits the the governement in shoring up a faltering Social Security Program as well as it injects money into a failing Medicare system.
I’m with Rick, our elected so-called public officials have sold us all down the river.
Talk about the Constitution, it has done Mr. Martin Armstrong abolutely no good. He remains in jail, with it starting with a contempt charge. Imagine being in jail for five years or so only on comtempt charges? Regardless, whether there was a REAL cause of action or not. It could happen to you.
The coviction rate in this country by federal prosecutors is nearly 98.5%. Seem high? It’s the take here that certain rights guaranteed by the Constitution have been denied in some of those cases. The high conviction rates are even in excess of the ones handed out during the Spanish Inquisition and during Hitler’s regime. Don’t permit the politicians, government or the TV do your thinking for you. Think for yourself.
If you really want to get educated, I suggest going to the http://www.martinarmstrong.org website and read all of Mr. Armstrong’s writings. Mr. Armstrong may be the smartest person on the planet. I looked at his latest hand written thoughts tonight from March 12, 2010 and here are a few excerpts:
“We are entering Phase II of the debt crisis moving now from mortgages into commercial property and headed directly in a Sovereign debt crisis. I have warned that the DOW will make new highs and I do not see a 1929 collapse in stocks. My great fear is debt. The amounts of money in bonds relative to stocks is 10:1.”
“What made the the Great Depression so great was not the stock decline, it was the 1931 Sovergeign Debt Defaults that wiped out all those who thought they were smart escaping stocks, they lost everything in bonds.”
“Do not get caught up in this Doomday stuff that stocks go to 1929 levels, so buy bonds. This is the worst possible outcome you will run into. Read Herbert Hoovers’s Memoirs on the 1931 Crisis. Then you will know what to expect and how capital really moves. You will also know more than most governments.”
in reply to: Another U.S. precious metals miner goes foreign #4172Behre Dolbear just came out with its Ranking of Countries for Mining Investment, where not to Invest. Canada, Australia, Chile and Mexico where at the top. “The United States will remain a difficult country to develop new projects and could deteriorate further depending on additional new regulations and taxes”. India and Brazil also look good.
in reply to: Another U.S. precious metals miner goes foreign #4174A man,Rick. The Constitution does protect our freedom. As defined in the 9th Amendment of the Constitution: ” The Enumeration of the Constitution of Certain Rights Shall not be Construed to Deny or Disparage others Retained by the People.”
It has already been determined by the Supreme Court, that Those rights enumerated in the constitution are to be viewed as free as possible to the protection of the rights as defined by each as stated. I.E.: Freedom of speech, is interpreted form ” Congress shall make no Law Abridging the Freedom of Speech,” This is the right to Free Speech, It is the 9th Amendment that makes it a right which provides a duty to interpret the constitution.
We the people have other rights: the right of an expectant mother to give birth to a child. This is aright of humanity, it is not an enumerated right, it is an expected right of people. This is protected by the 9th Amendment.in reply to: Another U.S. precious metals miner goes foreign #4173Yes, the “United States will remain a difficult place to invest” because not a day goes by when Congress decides to pass a new law. WHY!!!!!??????
Every new law is a new regulation…no new laws will insure freedom and that Freedom will ring.
All the rest of the new laws are shackles.
Yesterday I woke up with enough laws. Far too many for yesterday, by the way. I respect freedom and don’t need a new law to tell me to be lawful.
These a-holes live to pass new laws! Why? Go Home!!!! Every new law is a restriction on freedom.
Freedom rings with the truth that embodies the honor: truth, bourne with a handshake and the word we give each other. Freedom is not written through a restrictive process, a shameful existence, but with the honor of trust and truth.
Government: STOP! You are not the reason we are free. Our Constitution, God and Country trump your sleazy motives, and we know it already.
More laws = less freedom. We are not on the side of less freedom. And you know it. We are stronger.
Government, GO HOME and stay there.
in reply to: Miscellaneous #4169Mike, using the formula for a right triangle, it would take 460.27 feet of cable on a line of 37 degrees to a depth of 277 feet. Of course, I would go with a full drum of cable and then these numbers wouldn’t matter.
in reply to: Miscellaneous #4168Exposure is the Topic I chose over a new topic called, “Plan to Mine”. Exposure houses some emtries to savor. It lives on.
Planning To Mine. Oh, sixteen to one mine, the phoenix of gold.
Planning To Mine. Here is a question that needs an answer.If the elevation change is 277 feet vertical, how many feet of cable is necessary to operate a hoist, considering the dip of the winze averages 37 degrees?
Please enter an answer and explanation if necessary. All support will be valuable. There are underground variables you may wish to include.
in reply to: Miscellaneous #4171Just finished reading Greg Hunter’s report from usawatchdog.com concerning the Social Security System that was available tonight on http://www.jsmineset.com.
I must have been watching gold and the charts for too long, as I choked on what I read.
Now, I completely understand what Marc Faber meant when he recently stated, “we are all doomed.”
One thing I figured out is that when I first started contributing to Social Security in 1962 while working for E.F. Hutton in my first year of college gold was $50 an ounce.
Today, Gold is over $1,100 and and the purchasing power of my then submitted payments over the years has shrunk to about 25% of what they can buy today which is reflected by my $1,100 plus monthly check.
This report or another report on Greg’s website mentioned that the government took $2.5 trillion from the surplus account of the Social Security to hide federal deficits and never paid it back .
So, 75% of some people’s original funds submitted have been compromised. The obvious winners on the other side have been the government and the Fed. When buying power disappears these two entities are the benefactors.
This is what a fiat system is all about, to prey on the people.
Here’s a little easy dose of inflation that’s easy to understand: A pre-1965 silver 10 cent dime with its 90% silver content is worth about $1.25 today.
in reply to: Miscellaneous #4170The Water Board would say “none” because they care more about politics than private sector mining with a hoist and the cable to support it.
So I have a question for the Water Board:
“If the ambient level of arsenic in Kanaka Creek is the same upstream from the mine as downstream, how much cable would it take to pull your head out of…”
in reply to: Miscellaneous #4167The “International California Mining Journal” Has an article Referencing Senator Reid making a statement about mining law will not be a subject of legislation for consideration in 2010.
in reply to: Gold Enters Major Bull Market #4166Last on gold is $1111.90.
Idaho Bill Permits State Taxes Be Paid With Silver
By The Associated Press 03/15/10 – 02:48 PM EDT
BOISE, Idaho (AP) — Idaho lawmakers are backing a plan that would allow state tax bills to be paid down with silver medallions instead of cash.
The bill approved Monday is intended to encourage the use of silver as a form of currency and reinvigorate Idaho’s silver mining industry, which has been in decline for decades.
Athol Republican Rep. Phil Hart told the House State Affairs Committee that consumers should rely less on money printed by the federal government because inflation will diminish its value. His bill reignites a long-standing debate about the value of paper money not backed by commodities.
Hart’s measure also includes tax breaks for any company that agrees to process silver ore for the medallions.
Lawmakers in Georgia considered allowing citizens to pay taxes with gold and silver last year.
in reply to: Gold Enters Major Bull Market #4165Last on gold is $1108.80. Is the recent price activity in the general 1100 area etching out enough support as a base in preparation for a new intermediate move higher or do we have to wait a little longer? Remember, playing the waiting game in any major bull market is the same as watching its battery getting recharged for its next expected energy burst forward.
Years ago when gold traded higher above its very long term declining 5000 day moving average line in 2002 or so at around $350, it was acknowledged here that the tide had turned. Nothing is yet seen on the horizon that would even slightly indicate that this bull has terminally exhausted itself, contrary to what George Soros said about gold being in a bubble. What is quite clear is that this monster of a bull market has many more charges left in it that will span years ahead of us.
Got your gold? In addition, it may be added that holding pre-1965 silver coins is an excellent idea as well. If our fiat currency is no longer accepted for one reason or the other and since no other world reserve currency exists currently, silver coins will regain their past status as the people’s currency.
China is collecting “in ground” precious metals along with copper hoping the markets remain tame while they methodically exchange their reserve currency dollar holdings. The Chinese are sly liquidators of dollars while at the same time they publicly support the currency and demean gold from some official circles.
The major problem for dollar holders is that the current exit point is very small and any pushing at this portal would cause a dam collape of historical proportions resulting in painful losses.
Words from Doug Casey concerning fiat currencies and the building debt behind them:
“A guy stuck with a dead man’s IOU has nothing.”
Fiat currecies come and go on a regular basis without one ever induring the test of time. On the other side of the coin, gold is eternal.
Think it can’t happen here, think again.
in reply to: Water and Arsenic: which came first? #4163Isn’t it odd to consider, along with the toxic dumping in our oceans and the continuing outrageously filthy condition of the Sacramento River here in California, why some water agency of the State views the Original Sixteen to One Mine, Inc as the great Satan, destroying water quality? When in fact, evidence to the contrary has been submitted to the Central Water Board by a State licensed mining engineer along with a proclamation from the company that the Mine no longer operates its mill.
The failure to accept reality seems to be spreading elsewhere within the State as a report coming out of Paris by Max Keiser this week so much as indicates that California is cooking its books. Even Jim Rogers said Friday on King World News from Shanghai that the State is imploding and inferred it is in worse shape than any other western European nation or any other State in this country. Eric King added by saying on the same show that, California is theoretically bankrupt and will be the first to fall.
The question is, are the rats lining their pockets as fast as possible to pay their mortgages before the mooring lines are cast off and the ship of State is led out to deeper waters to sink in peace so it won’t be a half sunk hazard in port?
What’s really shocking is that well respected people known to Jim Rogers are saying that the US governement will be financially bankrupt when it won’t be able to find buyers for its new debt issues in two years. If this is the case, California will go with it and all the State employees, including the ones from the Central Water Board, who will be cleaning out their desks and heading home, not to return.
Almost all living organisms depend upon: oxygen, carbon dioxide, water and the sun for their existence. When any government tries to control any of these necessities through regulation, you can be assured they will take it to the extreme using voodoo science along with their cooked up rules book. The samething is happening all over again to us, just like when the State sanctioned the CDAA to lynch the company, its president and the mine manager for an extremely unfortunate accident in the mine that resulted in the loss of one’s precious life.
The Water Board’s finger pointing is coming from the same utility type of false premise that Al Gore attempted to use in his case for global warming. Unfortunately for him and the people behind the promotion of the scheme, over 31,000 scientists disagreed with the premise which resulted in the government’s sponsored carbon tax bill being defeated in the Senate. If it had passed, an additional million plus private sector jobs would have been lost and each family would have been indirectly reponsible for handing over, annually, to the federal government about $1,250.
Growing regulation is destroying the people of our land and its companies. It’s the same old story of robbing the people which was so sternly put down by the original colonists when England attempted to impose a tea tax.
People, you need to wake up! Stop being glued to the television set and do some serious soul searching concerning where and how you want to be in the future.
I’ll give you a little clue what we are all up against: When Hank Paulson marched into the Congressional chambers and demanded billions for commercial and investment bank interests, hundreds of people protested in front of the New York Stock Exchange and on the steps of the old sub-Treasury building where George Washington’s statue stoically faced out with not one account of the event ever making it on TV news.
Thr protest was important as what was accomplished by Paulson and his support cronies was the biggest public financial theft ever perpetrated in the history of the world.
in reply to: Risk Management Strategies #4164There is a lot of talk in Europe right now about hedging the credit risks that weaker Euro-Members like Greece, Spain, Portugal and Italy cause for the Euro-Currency via creating a new European Monetary Fund similar to the IMF.
And guess what the German Department of Finance has proposed to back up that fund? Plain old gold. Is that a new approach to manage paper credit risks? Nope. It is a very old and very conservative approach.
But right now the biggest risks for Origsix seem to be legal risks. Maybe you’ll have to do something extraordinary – like converting the mine temporarily into a “gemstone quarry” to get it off the hook.
Maybe in a not too distant future a new California Administration will be happy to see some folks re-converting “gemstone quarries” into real gold mines again.
Anyway, I wish you luck.
in reply to: Water and Arsenic: which came first? #4162Answer to Dave I’s questions on the Water and Arsenic topic (March 5&6)
The weather forecasters blew this storm! I left Alleghany about 1pm to Oroville. Big snow was floating down. The drive back was fun. There was zero visibility while passing through clouds. Rain slapped my truck. Off and on it snowed. What was very strange and different with the weather was its unpredictability as I climbed and dipped in elevation. The changes were sudden even while driving thirty MPH. Fortunately, from Dobbins, across Bullards Bar, to highway 49 and onto Alleghany I saw no cars. Oh, those forecasters said to see clearing around 11am. They were wrong.
Now to those answers:
The claim is against Origsix as an incorporation and Michael Miller as an individual. Both are named as defendants. The theory to prosecute was determined by either the water agency or its lawyer. For some reason it was transferred to the State AG to file and prosecute. The paper filing is speculation, an irresponsible and wild twist of rules of the court. If naming Miller as culpable for the reasons alleged was proposed from some jerk-ass lawyer, it would trigger my forceful denial and a counter suit against the corrupted lawyer. Well, it is just as repulsive when the highest law office in California and not some jerk-ass lawyer does it; however, the AG lawyers in this case will claim absolute immunity. I don’t see how the water board lawyers could make the same claim.Perjured statements, violating rules of Californian courtrooms, misleading with malice and foresight a sitting judge from obeying the legislated rules for the courts of California used to be against the law. Court people know this but few either care or care enough to stop the behavior. The problem and solution to stop abusive behavior rest with the same people: men and women, boys and girls, guys and gals with a license to practice law. But, I digress from answering Dave’s question.
The beneficiaries of this prosecution are stated in the allegation as “the public”, which means you, me, our neighbors, your family and friends, and everyone between Oregon and Mexico and Nevada and the Pacific Ocean. Do you know anyone who meets this description? That means additionally that the beneficiaries will benefit from killing the company, mine and me? If some are found, let’s learn what are the benefits they will receive?
The AG representative interviewed tried to separate MMM as the president and MMM without that job, which I requested prior to the deposition. Neither the company nor I have money to get a copy of the deposition. By law I asked to read her record when she transcribed it. I’ll take down some notes and give you a report.
The company wrote the water agency a proposal to settle the disagreement with the best management practices and best outcome for the People of California and gave it to the deputy attorney general prosecuting the case. Who in our government decides is a mystery to me. Is it the client? The central water board? The State water board? Either water agency staff? The bevy of agents working for the California Attorney General’ office?
in reply to: Water and Arsenic: which came first? #4161I hope so
in reply to: Gold Enters Major Bull Market #4159Gold is below $1100.00 at $1099.30. What does today’s weakness mean? According to John Williams at shadowstats.com in Oakland and close believers of him around the world, it means nothing.
John in February of this year said, it doesn’t make any difference – in where gold is headed – if you are paying $700 or $2000 an ounce for it today.
The following is from Mike Maloney’s Gold and Silver Report on March 9, 2010:
This money(speaking of extremely high inflation rates in Argentina, Bolivia and Brazil during the 80’s) creation is unprecedented in the United States and shows no sign of slowing down. It may be new to us, but people from other countries can tell you from first-hand experience how it will turn out.
How many times do governments have to reprove that the formula of:
Slowing economy + increased currency creation does not equal long term prosperity for the country?
When this has happened in other countries there have been many losers, but the positive part of this equation is that there are also some individuals and families that win big with life changing wealth. Those who understand what is happening and take action, not only protect themselves but massively prosper in the final equation.
Mike Maloney – Rich Dad’s Guide to Investing in Gold and Silver:
Gold and silver have revalued themselves throughout the centuries and called on fiat paper to account for itself. In doing so, gold and silver bring fraudulent money to justice. They’ve always done this, and they always will.
Once again, the accounting has begun, and it will not stop until the full accounting is completed.
The resounding answer we have come up with for ourselves and our families is holding physical precious metals either directly or in storage.
Examples in these other countries show that when this debasement of the currency happens there is a massive wealth transfer from those that hold the depreciating paper assets to those holding items of intrinsic value.
Are you ready?
in reply to: Water and Arsenic: which came first? #4160Who are the employees of the the State Water Boards working for, themselves or the people?
As the State falls deeper and deeper into a federally supported unprecedented bankruptcy mode, it seems to be business as usual at the Central Water Board, subsidizing payroll checks for their mortgages, hopefully, from the collection of fines and penalties. Now with the blessings of Jerry Brown, an action is being brought against the mines’s ownership.
We are not the first to be subjected to unreasonable requests from the Board. Barrick Gold’s subsidiary, Homestake Mines, was brought in by them for being liable for the discharges of mercury into Sulphur Creek in Colusa County. The Board’s rule book says that a passive migration constitutes a discharge that would make an owner or former owner responsible for clean-up.
Well boyz, you better go back to square one and start working forward from 1888 because you guys failed to consider the “real facts.” Which is par for their course at the Board because they also ignored Jason Burke’s submitted facts, as the responsible mining engineer, when they, again ignored, the truth.
On Sulphur Creek near the Elgin Mine is where the suspected discharge has been entering the waterway. Never mind, this is a past quicksilver mining area. Poor Barrick Gold had to send in one of their represenatives to state they only did minor exploration work and were never mining and were never owners. Seems like with all the guys at the State agency they could have figured this out for themselves. Did they think that a large company like Barrick was going to fall for some elementary school minded scheme to do someone else’s possible clean-up work from over 100 years ago? Sorry boyz, go talk to any remnants left from the old California Onyx Company who was on the property back in 1888 or try and discover with a little research who operated the quicksilver mines back then.
Or since you guys like to put the screws to past producing gold mines for your needed money, why not try and figure out who now owns the old Clyde Mine in Colusa County?
Since the Water Board went after Barrick Gold why don’t they show their brass balls again and go after some pharmaceutical companies who make all the chemicals that are ending up in our water supply and reducing everyone’s immune system who drinks from the municipal system.
In an interview on kingworldnews.com the top trends forecaster in the world, Mr. Gerald Celente has stated that a new health hazzard has already arrived and he has labeled it the “Black Plague.”
Isn’t it interesting that while water boards exist in California that people like Gerald Celente say that our water quality is on the decline. What society is headed for, if people continue drinking chemically tainted water from drugs, in a complete immune system breakdown where bacteria and viruses will just shorten everyone’s life.
Mr. Celente says, I’m not an imbecile and I don’t believe for one minute what these white-coated scientist type actor types on TV say when they state that the small amount of chemicals in water won’t effect your health.
Celente further states that important nutients are being washed away by unused chemicals that our bodies release thus entering the water eventually again which is as deadly as a nuclear blast. When crops are irrigated these same present chemicals just keep continuously being reintroduced into any living thing. The more time elapsed the bigger the build up and the greater is the continuing breakdown of your immune system.
It seems eventually that when the government of California falls apart so, too, will the highly over-paid tunnel visioned employees of the Central Water Board be sent packing as well.
in reply to: Miscellaneous #4158No one really has to wonder anymore as to why we have such dependence on foreign sources for natural resources: The US and especially California, are just plain anti-mining. As the excerpt below clearly states, we have uranium but we prefer to import it adding to the nation’s trade deficit and restraining the miners in the confines of the unemployed.
The excerpt is from the article “Identifying Stars In The Mexican Precious Metals Universe” Part II that appeared in the Gold Report January 10, 2010 and that was written by Trey Wasser.
“We currently operate the world’s largest fleet of nuclear reactors, which produce 20% of our electricity. The U.S. currently consumes 56 million pounds of uranium annually, but only produces 4.5 million pounds. So without adding a single new reactor we are short about 50MM pounds of uranium a year. That is hardly energy independence- especially considering that we have one of the world’s largest resource bases of the metal.”
It is understood that in our country’s historical pursuit of the metal Mother Nature was harmed but that was the fault of government, not the miners. For it was the government that issued the permits. It was, also, the government’s responsibility to insure that the land and waterways were protected which they completely failed to do.
How life for the miners has changed these days as the pendulum has swung to the other extreme: the regulatory agencies have now turned into big business with the appointees pulling in $100,000 monthly salaries plus who continue to castigate the miners with fantasy justification for fines and penalties.
Unfortunately, the miners don’t have the big check book that Goldman Sachs has to keep the regulators in their industry off their backs.
Is our problem with the Central Valley Water District caused because we don’t run a lobbying effort like Goldman Sachs?
It’s fairly obvious to informed people that rule books get thrown at you when your doing something that someone else doesn’t like. Is it possible that because stuffed white envelopes weren’t exchanged under tables that today we find ouselves in the position of being nailed to the cross?
Where is the rider on the white horse? What’s really amazing is that after the other three horsemen of the Apocalypse have ransacked our camp, our fires are still burning. Thanks, Mike.
in reply to: Water and Arsenic: which came first? #4157The letter I posted was rejected by the post master at the Sacramento Bee, so it did not get received by them.
Micheal Miller, when you go to court do you not have a right to a jury of your piers rather then the judge?in reply to: Water and Arsenic: which came first? #4156Here is a copy of the letter I recently wrote the Sacramento Bee.
To The Sacramento Bee
Dear Editor, March 5, 2010
It is official “Moon Beam Brown” is in the run for Governor of California. He is leaving the Attorney General office where he has had a hand in letting the Indian tribes win their case to stop Gold dredging in our state by failing to defend the position of the Fish and Game. Also he won the case against the gold miners in federal court in their constitutional challenge against the State of California, for destroying the right of the miner to dredge for gold as a granted right per the 1872 mining law. He is also supporting government law suit litigation against existing mines for huge sums of money to bankrupt these existing mines to gain control of the resources. This is done by his support of the Water quality control board regulators. He knows how to get more money for the state with out raising taxes, He will just sue you for every thing you got. To enslave the bankrupt people of California to this debt they owe the state.
It was the gold of California that built this state, it is still a viable resource to continue in providing wealth, jobs, and the economic stimulus to turn our state back into the black. It was one of our states major resources that saved us in the last depression. So many people were mining for gold at the beginning of world war II, that the president of the United State shut it down to get folks to join the service to fight the war.
I think Jerry Brown is beholding to the Sierra Club and the Indian tribes for advancing there environmental concerns over the well being of our economy and our human survival.Thank you
Sincerely
Dave Iin reply to: Water and Arsenic: which came first? #4155How did the AG depose you from your CEO position, or testify against you? Have you been to court as o yet.
in reply to: Another U.S. precious metals miner goes foreign #4152Yesterday one of my mining partners had a conversation with a Nevada lawyer who at times represents several of Nevada’s largest gold mining companies. During the conversation the lawyer made the statement “you know Barrick and Newmont just want to mine what they have and get out of the United States”. Many of us believe this but had never heard an insider admit to it. Considering the way the US has treated them I think they will be better off. Newmont and Barrick presently have 7 years reserves. There goes 60 thousand +$30/hr jobs.
in reply to: Water and Arsenic: which came first? #4154What a surprise to see this old topic get a fresh entry. It started over eight years ago. It is an example of “living history”. And you readers are proof that some “living histories” are truly worth keeping alive or “living”.
I’m on my own time now. It is approaching the teens outside in Alleghany. Burr. This morning my thermometer sat at 18 degrees. This is California cold even at 4450 feet. I am on my own time, a distinction I made to the Attorney General, when he deposed me on March 3, in Sacramento. Once again that old Sixteen to One mining company and I find us defending ourselves from crime. After all, the AG has chosen to convict me along with the mine of awful crimes. Seems like we were here seven years ago, only Gayle Filter and his gang of lawyers who perjured the judicial system or worse, violated California laws for lawyers and took the role that is presently coming from the Attorney General. I wrote the former AG and asked him to investigate these lawbreakers. No investigation was forthcoming. Prosecute them should have been forthcoming. What ever happened to Gayle? That issue is dead.
This issue is alive.
Who will investigate decisions by the directors and management of the Water Board?
The Attorney General represents the water board and claims attorney/client privilege between himself and his client. How does this work in a transparent government?The truth is what you say in a deposition, if you honor the judicial systems run by our States and the Federal Government. If a deposed person has no respect for the court system, say whatever makes for victory. Advice should you be deposed: Understand the question before you answer. Do not speculate. Stay on point with the question. Avoid responding to ambiguous questions. And answer truthfully. I raised my right hand and affirmed the administered oath, from this point on, to speak truthfully.
When I opened the Ideal Time for Facts topic tonight (because it was an entry I had not read), my mind felt a desire to reread the first entry dealing with the subjects of water and arsenic. Water and Arsenic: which came first? Is the topic that Rick wrote and initiated in December 2001. Please do the same and read it; go to the second page and scroll down to the entry that set this topic in motion. It is a great “living history”. You may want to continue the chronology of this topic right back to today.
I’ll be back in this topic later.
in reply to: Ideal Time for Facts #4153Mr. Michael Miller and Original Sixteen to One are under attack by bureaucrats running the State’s water quality programs. My familiarity with Sierra Nevada watersheds and specifically those highly mineralized zones like the Kanaka Creek canyon tell me so. Unless we, the public, who are the legally described beneficiaries of the Sierra County Superior Court law suit filed by the Central Valley Regional Water Board against one of the greatest small mines in the world, tell the politicos that persecuting this historic and valuable California resource into bankruptcy is not for the benefit of the public (us), the slaughter will continue until the company no longer exists. It has happened before.
As far as the actual water that passes through the Alleghany Mining District and other gold producing areas, the permitting issues now alleged by the water agency and prosecuted by the California Attorney General are summarized below:
Results are predictable
Costs are prohibitive.
Benefits are zero.
Government is non-responsive.Requirements are outrageous.
Enforcement is punitive.
Administration is unequal.
Decisions are political.
Demands are unscientific.in reply to: Gold Enters Major Bull Market #4151Last on gold is $1139.60.
One very good reason for holding gold is the mistrust of the hired-hands, supposedly, who are safeguarding our welfare.
For a real eye-opener on what has been done to us and what continues, check out the attached article.
http://www.martinarmstrong.org/files/Behind-the-Curtain-Part-II.pdf
in reply to: Miscellaneous #4148Hello Dave
I couldn’t agree with you more. The 30 to 40 age group in Reno that I am aware of have lost their jobs while the remainder are in fear of being eliminated as well.
I have never in my life known of so many personal bankrupties and others seeking legal advice for them.
There might be Californians comtemplating Nevada as they prepare their exit plans but I see Texas, especially Austin, as a much better choice.
I recently heard that 25% of California’s millionaires have already vacated. California which is the eighth largest economy in the world really messed up, big time. There is some good news for them, I’m sending in taxes due when the time comes in April.
in reply to: Risk Management Strategies #4150After seeing “How The Earth Was Made”. I stand corrected as for the gold deposit in the quartz vain. It is a very good program, and the interior of the Original sixteen to One looks very promising for much more gold value. I like that ribbon quartz.
in reply to: Gold Enters Major Bull Market #4149Last on gold is $1134.50. From a chart interpretation, gold has completed its recent weak spell that began soon after it passed $1200 in the beginning of December.
The $1300 to $1350 area seems reasonable to expect for an upcoming intermediate high point. If this range is bettered in the next three months or so, gold could well enter a ran-away phase like it did in 1979.
Don’t forget silver, it will join in with gold’s strength, possibly, to a much greater degree. Although gold continues to outperform it, this can all abruptly change if the precious metal’s market gets hot.
Pre-1965 US coinage of dimes, quarters and halves is a sector of investment that continues to look quite attractive. Accomplished folks that I know who began their purchase program of these coins when silver was above $6, still continue to add to their hoard.
eBay continues to be the most competitive market for prospective buyers with an interest in these items. If payment is made through Pay-Pal your purchase is guaranteed.
in reply to: Another U.S. precious metals miner goes foreign #4146Last weekend the Nevada legislature passed a proposal to raise the tax on unpatented mining claims ten times. It amounts to an increase per claim from $12.50 to $125.00. All unpatented mining claim owners were hit by a series of increases that raised the fee just to hold onto a mining claim that has gone on for two decades. Now each claim holder must pony up $140 to the federal BLM to maintain ownership in the right to spend his money looking for ore. The Nevada governor, Jim Gibbons has indicated he will go for an increase. The question is how much?
There are near 14,000 miners employed in Nevada. They produce new wealth for Nevada and America. The equipment purchased supports American companies throughout the country. The wages are mostly locally spent in the mining towns. What will be the fall out from this legislation?
For years Congress has had legislators pushing to rewrite the 1872 Mine Act. A key change is a proposed royalty on gross production. A figure as high as 8% is proposed. What will become of American investment in exploration on US soil? How will front the money to develop a mine in the United States? Where will the capital come from to take a property into production?
Interestingly, the Nevada newspaper that reported on the tax increase said, “Miners agree to increased fee on mining claims.” This means the big dogs: Newmont and Barrick. Why?
in reply to: Another U.S. precious metals miner goes foreign #4147Why??? Is only open to speculation. During a tour through Nevada last year, the landscape was a planted garden of white tubular claim stakes. Thousands and thousands of mining claims have been staked.
By the allowed number of claims that can be staked per person by the 1872 mining law, that to hold them has been cheap for the claimant.
Now with this increase in tax per claim, it will become exponentially more expensive for the small miner and the speculative claim holder, looking to hold and sell a claim. This would be a bad time for this due to the present economic recession thus causing stress to the small claim holder.
Who benefit? The big mining companies do, and the state government do.
The big mining companies are flush with profits, but limited on staking new claim. They hold to many to originate new mining claims.
So the next thing they can do to increase their claim holdings is to buy up existing claims who are unfunded to develop. These existing small claim holders would be willing to sell cheap to get out from the tax loss for holding such claims. This higher tax is beneficial to a monopoly of greed.
The State of Nevada is the holder of the greatest mineral wealth of our nation as well as geothermal wealth for energy needs. There will probably be a need for this open land to support Solar energy farms, and wind farms. With the possible economic development for National lands of Nevada, he who controls it gets the most.in reply to: Miscellaneous #4145Hi bluejay,
You are concerned about Reno meltdown. You maybe right, but they still have another benefactor, being California and there over taxed population moving out of state to enjoy a freedom from California anti business and anti mining regulations.
in reply to: Miscellaneous #4141Emergency shipments of condoms headed to Winter Games. 100,000 were originally handed out to 7,000 athletes and officials in Vancouver prior to the Games by health officials.
With the world financially falling apart Gerald Celente said the new big trend will be in feeling good, so the condom shortage is not a surprise at the Winter Games in Vancouver.
Just recently bad news just keeps rolling in. We have been informed that the AIG’s loss in bigger than expected and Fannie needs $15.3 billion more to stay afloat.
All this reminds me of Jim Black’s book, “When Nations Die.” If you have read the
book you know that there are many current parallels to past demises around the globe to indicate that our turn is next.Gold is going to unimaginable heights for those willing to accept what is happening in front of their very eyes. Reno, as an example, is way ahead of the rest of the nation being in the midst of the first stage of a complete meltdown.
in reply to: Risk Management Strategies #4144Dave & Hans,
There was a guy named “Gold Master” who suggested this very thing 5 years ago on this forum, I think he said they should drill holes as a patern down through the tunnels at some degree of angle aiming both up and down of the structure of the vien! (45 degrees & 225 degrees) with the vien running 45 degrees of verticle and bore into the face of each tunnel. This opens up and defines pockets with out actually stoping or blowing and mucking the face! I think this guy said you can run a metal detector up the bore hole to detect gold 3 or 4 feet around the bore hole. It’s a lot cheaper testing than actually mining a dry hole.
in reply to: Clips from Alleghany #4143Holy Cats!! Life in a mining camp. I wish you an uncomplicated and speedy recovery.
in reply to: Risk Management Strategies #4142I feel that Dave I.’s proposal has a lot of merit for future, underground exploration projects.
If we could use the existing horizontal bore-drill at the mine to drill – may-be 5 inch bore-holes – several hundred feet(?) towards the prospective pay-zones, collect and examine the drill spoils and then run micro-detector-coils through a set of bore-holes about 20 ft apart from each other, Ray and Mike should be able to make very precise decisions on how to point the future headings.
That would be exactly what I mean, by “establishing proven reserves” within the Origsix. And if the crew is just a bit luckier than during the past few years, the bore-drill might hit a “high-grade-pocket-home-run” during the exploration stage.
If you need additional information on bore-drills for pointed bore-holes in hard-rock that can be operated in a very limited underground work-space, let me know. I have collected such information already over here in Germany.
in reply to: Risk Management Strategies #4138I appreciate the depth of these comments and look forward to responses from geologists or others or Ray. My comment is only directed to the second paragraph of Bluejay’s entry:
“To make matters worse, our past lucrative halo of pockets between the 49 Winze and the Tightner shaft, basically above the 1000-foot level, appear to be a one-time event within a very small section of the Alleghany Mining District.”Consider that the past halo of pockets between the 49 winze and Tightner as well as those document throughout the mine are like gold spread on the ocean floor from sunken ships. Deep ocean underwater miners use this to discover even greater booty. It works at the Sixteen to One for the underground miners as well. Nature played a role in both events. These gold deposits, whether from activity 135 million years ago or the 1800’s are proven methods for mining gold.
Yes, the gold deposit in Alleghany was a one-time event; however the event spread gold along the strike of the quartz vein and its dip for miles in both directions. The Sixteen to One mine workings stretch over six miles along the strike and down dip about a half a mile. Our production records are ‘proven valuable data ’in guiding development over the past one hundred years.
The best part and why anyone with dead money in storage should come knocking on our office door is the following. The amount of virgin quartz veins owned by Original Sixteen to One Mine, Inc associated with past production is vast and located in California
in reply to: Risk Management Strategies #4140Exploration needs to the required development. Metal detecting is probably lowest depth indication from the existing walls of the mine. What is the next highest exploration method to determine the depth of the next gold bearing ore body. I think that drilling holes normally for explosives, rather for exploration to depth of 6 to 10 feet in the walls of highest probability form indicators would be away to locate another gold source.
Collect the drill spoils from the drilled hole and check for gold content.
I have also noticed that the major gold ore came from the upper quartz deposits of the mine.
The 16 to One lode ore body was originally found chasing an under ground ancient river bed. Is it possible when the intrusion of the igneous host rock went around a previous river channel of quartz cobbles causing the metamorphic melting of the cobbles and gold into pockets of the molten quartz. There has been previous quartz mines that the gold was less at depth. - AuthorPosts
