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- in reply to: Miscellaneous #3013
The Tightner house was built
by a Mr. Locey who was related
to the wife of John Armstrong
who was my Granpa’s brother
and partner in Armstrong Bros
in town.in reply to: Miscellaneous #3012With it being October and all I was hoping some people would come forward with some ghost stories.
As kids in Alleghany we were all convinced that the Tightner Mansion was haunted. It had been vacant for many years. We all heard the piano playing one night and ran home as fast as we could.
Then there was the boot ghost. A certain resident in town whose name I will not mention would put his boots side by side each night when he went to bed. Every morning one boot would be moved so that it was perpendicular to the other one. This lasted for about a year then ceased.
in reply to: Miscellaneous #3011This is a bit out of character for the recent climate of debate, but of serious consequence:
Next year’s election’s outcome may spell out a prescription for behavior if we’re not vigillant…We don’t need that.
We don’t need a facist directive to dictate what we wish to achieve in the private sector. (Hmmm, who does everyone think I’m pointing to?)
It’s this blatant: whether there becomes a mandatory set of rules of behavior or not…whether freedom rings, or just goes “thud” when we try to ring the bell.
Let’s all beware. Watch Out! Freedom is at stake, when a complete faction of the population is identified as being stupid and dumb enough to buy into it, it’s prudent to stand up and talk, write, or scream.
If I need to spell out the rational for my entry tonight, I am well prepared to explain when anyone asks.
I’m preaching to the choir.
in reply to: Miscellaneous #3010Bullion is gold, silver or platinum in a smelted or refined state in the shape of bars, ingots or buttons etc. prior to coinage. Refined fine bullion is generaly used to create coins. Once coined it is called a bullion coin.
in reply to: Clips from Alleghany #3008The initial hydropower feasibility report for generating electricity for the mine is completed. The current water flow used to calculate (September), the elevation change (head) and the friction loss indicates that the company will make about $35,000 of electrical power a year. Since the water flow was at seasonal lows, the kilowatt production is likely to increase during the wet months.
The two big expenses for this power plant are the Pelton wheel system of generation and the 2500 feet of high-pressure pipe from the source to the power plant near the portal. The system cost is estimated to be $65,000 to $75,000 installed. In two years the power plant will pay for itself.
in reply to: Clips from Alleghany #3009Good look at the underground headings this morning. The sinking/ underhand drift work place floods each day after shift. It is in a wet part of the mine. The pump is air driven, so the compressor must be running to keep it dry (compressor only runs during the shift). As the heading advances, it takes a little longer to pump out. Under consideration is switching to an electric pump with a float valve. It seems to be a toss up because if no gold is found in about ten more feet, the heading will be abandoned.
One crew began a low degree raise towards the old Sixteen to One shaft about sixty feet below the 800 foot level. Boy, the quartz has all the look of a home for gold. The vein is about four feet thick with other features that are favorable to gold deposition. There is a good spot to dump the shot-rock, but Ian must decide whether to continue hand mucking, using water, or set up a slusher. Time is always a factor.
The 800 hanging wall drift crew is getting a round per shift. This looks more like a long shot for success. The strike of the vein is changing, which can be a positive geological occurrence but the quartz looks somewhat splayed. It is carrying sulfides, which is an encouraging sign.
MSHA finally came for an inspection last week. There were four citations. None were serious or substantial. One: a ground plug was missing on a cement mixer that was used a month ago in the construction of a change room for the miners. Two: a light bulb was out on one of the trammers. Most of the time the trammer drivers leave the lights off. Their headlamps provide enough light and they hate to interrupt their vision, which becomes accustomed to the low light after a short time underground. The inspector wrote that the hazard he saw was the potential of running into miners on foot. Humm. Three: a report (retrieved on the internet) for certifying annual refresher training was filed on the wrong form. Four: an allegation that the mine does not have alternative mine rescue capabilities arranged. This should be cleared up- in a conference and the citation vacated. The total money is $240, another blow to the boys.
An ongoing concern of the company is the proven fact that the media will use the number of citations to show how reckless mine operators are about the safety of the miners. That’s how the system works in a society that spends about thirty seconds analyzing a serious topic.
Heavy bursts of rain the past weekend. Alleghany is not ready for winter after the first week of fall.
in reply to: Miscellaneous #3006There’s nothing to be scared of. People love ghost stories! Actually it was the heater kicking on that kept my friends awake.
I’ve never heard of a ghost doing physical harm to anybody. I have a theory that people who come here for the first time are more sensitive to paranormal activity than those of us who have lived here for a long time. Then there are the Tommyknockers…..plenty of ghost stories from underground. I once felt a very definitive “tap tap” on my right shoulder underground but nobody was there.in reply to: Miscellaneous #3007My aunt also told me about the
chinese cemetery near town. The
last time she was there she
asked about and no one could
recall where it was located.
A Clamper friend of mine told
me that it was a Chinese custom
that the bodies were buried
here and later exhumed and
shipped to China, so maybe thereare no more chinese buried
in Alleghany, but maybe their
spirits are still around, no?in reply to: Miscellaneous #3000RE: Martin’s Aunt – yes it was Mountain House that had a reputation for being the last place a person was known to have traveled to before vanishing. That was in the early 1900’s.
in reply to: Miscellaneous #3005Is anyone in Alleghany missing a long red plastic scooper spoon? One turned up unannounced in my utility drawrer after a trip up the ridge last spring. None of my neighbors nor I had ever seen it before. I put it on top of my refrigerator and it hasn’t moved lately.
in reply to: Miscellaneous #3004Well first i want to say thanks for the info, keep it coming…Rae Bell from my reseach you are the curator at the museum and you might know what’s really going on… I’ve learned a lot from the museum web site, but can’t find any thing else about ghost’s/hauntings. Martin Newkon let me know if ther is any thing eles to the story or where to find more info. gfxgold I found this site through your site and I signed your guest book. I also read the story about the friend of yours that went to the Morning Glory Mine&Mill. The crew has only been in the house for 2 weeks and they have at least 8 more weeks, and after that I will be able to give you a better story. I was going to go stay a night or two with my husband but I don’t think I will(scared) of the house.
in reply to: Miscellaneous #2999I had some friends stay in that house about a year ago and they didn’t sleep either.
in reply to: Miscellaneous #2998Northern Line Builders can view
a revised version of my Aunt’s
comentary just before Rae Bell’s. I ran into key trouble
inputing the first one. sorryin reply to: Gold Enters Major Bull Market #3003In world markets tonight gold is trading at about $738.
in reply to: Gold Enters Major Bull Market #3002Rick
I forgot to thank you for your kind words.
By reading Jim Sinclair you will receive the best possible
financial education. On Jim’s site Monty Guild and Dan Norcini are contributors. These are very smart people. Monty is in Asia now scoping out things and has been reporting from there. Monty is one smart cookie. Dan knows markets inside and out.I hope, someday, your jsmineset.com education and desire to learn the truth will provide you with a comfortable amount of financial knowledge and security.
Good luck buddy!
in reply to: Gold Enters Major Bull Market #3001Gold $733.80
Silver $13.48
Gold Silver/Ratio 54.44
Gold/XAU Ratio 4.39An informative article today on the Fed at jsmineset.com.
John M. Berry at Bloomberg writes an article entitled, Greenspan says “Pending Tsunami” May Hurt Fed.
in reply to: Miscellaneous #2997I would say, Yes.
http://www.gfxgold.com/stories.htm
If you would like to have your story told on my website, send me an email with as much detail as possible. gfx@gfxgold.comin reply to: Miscellaneous #2996The house is right in the middle of town, with doors that go nowhere. I don’t think it’s Helga(ha ha)with her whiskers on her snout. It seems to be a spanish woman. All I know is that the entire crew staying in the house never gets a full night sleep. Martin Newkom you stopped mid sentence on your first responce, what was the end?
in reply to: Miscellaneous #2995I hear there’s a ghost named Helga who likes to steal things. An odd gal she has whiskers on her snout. Her taste is quite whimsical, a plastic jug of water, a roller blade, a hose nozzel even pruning shears!! Neighbors beware the wild wooley one!
in reply to: Miscellaneous #2994My aunt Helen who lived in
alleghany from 1900 to about
1915 talked about a mother and
son who away from town had
a boarding house where miners
and especially Hi-graders would
go for accomodations and never
be seen again. I believe is was
at Mountain House or a similar name.in reply to: Miscellaneous #2993I don’t know about any house
in alleghany but my aunt Helen
Armstrong Covell in the commentary she gin reply to: Gold Enters Major Bull Market #2992The Economist rarely has a gold article. The Sept 15-21 issue has one on page 90 entitled “The bear’s lair”. Actual quotes are:
1. Gold can still be hammered into pretty shapes and worn around the neck to impress the neighbors;
2. Lead has outperformed gold over the past two years, which might be some comfort to alchemists staring at pools of molten metal that stubbornly refuse to transmute.
3. Goldman expects the price of gold to move to $725 per troy ounce over the next year or so.The article also has a cartoon type colored insert that says, “Sack the alchemist”. Isn’t this a cute story? But is it a story that the venerable Economist should place before its readers?
The article ends like this. “The wedding season (India), which comes after the monsoon, is just around the corner. Lots of shiny things will be expected as part of the dowry.
Now to offer a little insight, the article reports that, “New sources of demand have appeared. Central banks in the Middle East and Russia are building their own gold reserves. Gold bugs are watching to see if the Chinese central bank does the same”.
This last statement confirms the belief that main line financiers pay no attention to gold. It is only those darn gold bugs that watch the market.
Oh, gold broke $730 shortly after the magazine was delivered.
in reply to: Gold Enters Major Bull Market #2991Bluejay, specifics on the referred web-sites you cite are major help, as well as your insight.
You’ve added another missing link to my old-time notion that “weak dollar = stronger gold”….of course it’s not that simple, as current trends point out when analyzed with a bit of scutiny. Perhaps such was the case at one point, but with a broader perspective a more complex picture emerges.
Bluejay, the references are extremely valuable, as is your tenacity to refer. Thanks
in reply to: Miscellaneous #2990our company is putting fiber(phone lines) in the area and is rentig a house from mike miller in alleghany, and they say the house is haunted, they have been hearing stories! anyone have info?????
in reply to: Gold Enters Major Bull Market #2989Gold $730.70
Silver $13.43
Gold/Silver Ratio 54.41
Gold/XAU Ratio 4.35Rick
Didn’t mean to confuse anyone.
The bottom line is the Fed has to create continuing large sums of currency to prevent financial institutions in this country from going bankrupt and thus upsetting commerce.
The reason for this is that financial instruments called OTC derivatives are melting down with the lack of performance by the seller causing a strain on the system. You can follow all this along with getting a high caliber top notch education by reading jsmineset.com daily.
Since being educated some more at jsmineset I have been taught that it is important to assess a mining company’s financials before you recommend it or buy it yourself. In particular, do they have any non-recourse loans on any of their projects or properties. If the borrower for the project doesn’t meet obligations of the loan requirements the lender can take the project or property from the company and only the specified project or property and nothing else.
Each gold stock will be a case by case study. This is the reason I don’t mention so many individual mining stocks or gold stocks as a group much anymore. Many people who buy gold stocks don’t care about non-recouse loans or, probably, don’t even know that they exist. Many gold companies with project loans don’t even know if they have them or not, believe it or not.
If a company is borrowing from a bank or another financial institution the lender will require you to sell part of the future production. In this case, gold.
The risk is as gold goes higher the project borrower is getting closer to turning over the project or property to the lender. The safest way to secure needed funds is to exchange them for treasury stock or give the lender a royalty on the project.
Royal Gold as a lender did this kind of deal on a particular transaction with High River Gold on one of their projects in west Africa. I believe, when the loan is paid off in specific ounces of gold, Royal Gold will still maintain a small royalty for the mine’s life. As a royalty company, Royal Gold benefits the most when gold rises. To my knowledge, Royal Gold does not have any non-recourse paper.
Global trends are such that world holders of the U.S. dollar are reducing their positions plus companys and foreign governments are preferring to take payment in Euros.
Some people feel that gold is not in a bull market. They say that gold in the benefactor of the U.S. dollar’s bear market.
Gold’s trend will definitely be bullish, aside from the dollar’s weakness, with more OTC derivative failures.
The newspapers don’t even call them derivatives so much anymore, they call them structured financial products.
in reply to: Gold Enters Major Bull Market #2988Bluejay, a bit confusing, but perhaps because it all is so inter-twined.
Can you help me distinguish the last year’s entries touting investing into the coming gold advance with you last warning?
I have no clue. Alhough, I am going to the web-site you suggest for clarification.
Personally, I find it better to try to locate gold myself. That’s why I’m tiny-small potatoes.
to wit: all gold value, no matter where found or held, is currently exploding in terms of dollars, yet the dollar is becoming a weak beak.
I guess I need a local-type-home-grown-perspective : how to put into perspective global trends while we here at home maintain a position of optimism.
in reply to: Gold Enters Major Bull Market #2987Gold $735.40
Silver $13.47
Gold/Silver Ratio 54.60
Gold/XAU Ratio 4.27The news is all bad.
The Fed is burning our money and will continue to burn it to protect the big money interests in this country with no end in sight. The Fed is bad news for the common man.
There will be no financial future for the common man as long as the Fed exists. You can take that to the bank if in the future some are still open.
The next big move on stocks will be in the companies that install safes in people’s homes. All valuables and stock certificates should now be in personal safes and not in safety deposit boxes of financial institutions.
The financial instruments called derivatives are going to bring financial choas upon us. It is all starting to happen now which is not really being reported in the general media.
The excessive printing of money by the Fed to bail out Wall Street interests will make gold skyrocket in the many many months ahead and cause unbelievable inflation.
Gold may be vulnerable to fast sell offs engineered by our representatives but these declines will only be temporary as they have been before.
Seize weakness in the gold market as a golden opportunity to exchange your fiat money for more gold coins and some silver ones, too.
We are at the very beginning of historical times that will financially destroy the lives of many. Holding gold is a way to protect your family and its wealth.
You can be updated to events as they unfold on a daily basis at http://www.jsmineset.com.
in reply to: From the Sixteen to One Archives #2986Mike is preparing documentation from the many reports written about the Alleghany Mining District, the Sixteen to One mine and the nature of the gold deposit as it relates to reserves. The Company dramatically shifted emphasis to find financiers who understand risk, see a future in gold and have the money or access to money to join the Company in its development. He seems serious this time to find the right combination of people to launch his program. Gold production has been unbelievably down this year, which probably drives him, as does the strong rise in the spot price of bullion. Also the gemstone (slab) market is very strong.
Scoop walked upstairs yesterday and found historic reports scattered all over the desks and floor and asked, “What’s up?” “Same old question comes up, that’s what’s up” was Mike’s rather repugnant reply. So Scoop attacks with, why the attitude big fellow? Here’s the story.
The Alleghany Mining District has one of the most successful and unconventional gold vein systems the world has ever seen. Of the top ten gold concentrations most are from the Sixteen to One, Oriental, Rainbow and Plumbago mines. All are in Alleghany. The Alleghany Mining District includes the longest productive gold mine in America, perhaps the world (the Sixteen to One). The Company continues to mine gold going into its third century. Owners have benefited over the years from dividends, as has the regional economy. The proof abounds. One reoccurring question is, “What are the mine’s reserves?”
Active mining people like Michael Miller (president), Ian Haley (mine manager), Ray Wittkopp (mine geologist) and others who remain anonymous must deal with people, mining wise or not, that are brainwashed with the concept of reserves and how it must be applied. Many serious financiers, investors or gold bugs have missed this golden train because of the verisimilitude in evaluating a gold mine opportunity predominately with reserve accounting. These mines have no reserves. So the next question that bright financiers ask is, “How do you know any gold is left and then how much?”
Scoop walked into a room full of open reports as Mike works to answer the reserve concern.. He sort of covered his paper mess except for a report written by a student from Mackey School of Mines in Reno. The student prefaced his report with a pretty cool quote, which was submitted to Dr. Jack Daemen on December 5, 1990:
“In the first place, then, I will lay it down as an axiom, that the mines of California are inexhaustible…In many places rich discoveries have of late been made far below the surface…but seeking for it at depth…is the work of chance and requires capital. But such is the character of the American people, that they will never stop their researched until every foot of earth in this vast El Dorado has been prospected to the bedrock, and two hundred years from this time will find the Yankees digging for gold on the western slope of the Sierra Nevada.”
Franklin Street
California in 1850
R.E. Edwards and Co.
Cincinnati, 1851, pp. 37-38in reply to: Clips from Alleghany #2985Ian and Mike returned from the MSHA hearing in Nevada City seemingly content about the proceedings. The administration judge is based in Denver not Washington DC as reported earlier. At issue are two citations. Both citations dealt with allegations that openings next to regular travel ways could be fatal to a miner. The openings were not contested; however the section cited and a potential for injury or death were. There is nothing wrong with openings in a mine. There are a series of facts that must be present for the situation deserves a citation.
Mike practically apologized to the judge for requiring a formal hearing for the citations. He complemented the MSHA district office negotiator, John Pereza, for his effort to mitigate the charges in a compromise. He stressed the need that today a miner must challenge false allegations because both the press and lawyers are using citations as evidence that mine owners or management are criminals. He should know. He also thinks it is wrong for the government to post citations on its web cite before they are adjudicated.
Our guys seemed concerned that all parties must use words, such as a travel way according to their definition when writing a citation. Through the cross examination of the mine inspector responsible for writing the citation, Ian and his own testimony, Mike presented a step by step analysis of the actual circumstances at the two separate inspections. Troy, one of the inspectors, was newly trained. This was his first Sixteen to One mine inspection. Both Ian and Mike testified that Troy’s facts and observations were not correct (neither were present during the inspection). These two, however, have sixty-three years of experience in the Alleghany mines, mostly at the Sixteen to One. They clearly know the lay of the land and over the years are knowledgeable about the safety standards regulating the operation.
The other inspector did not come to the hearing. He took a job in the private sector and quit MSHA. Scoop learned that this is a growing trend in the industry due to the need for more experienced miners in Nevada.
Ian says they won the arguments and logic but won’t win the hearing because they never do. Mike just says, hum. The judge said he would make his decision in a month or so. He probably wants to review the transcript, which was recorded by a private stenographer.
in reply to: Clips from Alleghany #2984Have no fear, they will find
it!!in reply to: Clips from Alleghany #2983PG&E turned the power off in western Sierra County this morning at 8am. One of the main transformer stations is in Alleghany. Power feeds to Downieville, Sierra City, Goodyears Bar and Pike. If you called the mine office, no one answered because no one was there. The power is back on (6pm).
The miners were able to work because the backup diesel air compressor was hooked to the air intake next to the electrical compressor. The psi dipped to 90 during the day with two drills running, a slusher and the mucking machine. All in all the Ingersoll Rand 400 cfm compressor did a great job. The electrical compressor is about 1000 cfm.
Looks like management has challenged a couple of MSHA citations and were unable to get the issues solved with the inspectors. A hearing is scheduled for Tuesday, September 11, 2007 in Nevada City. The amount of proposed fines is about $220. Scoop asked Mike why didn’t he just pay the fines and avoid the time spent before a judge. He had this to say.
“ The press as well as lawyers are using citations as evidence that mines are either unsafe or the miners or management are operating in a knowing unsafe manner. You know what this leads to!!! Well, it can be a piece of probable cause to indict a mine officer or a mine supervisor for manslaughter, which would send him or her to prison. These citations are not warranted, and I cannot take the easy way out for convenience. Sure it’s the money, but much more is at stake as perhaps well meaning people, ignorant about the realities of operating the Sixteen to One mine, make claims that are not correct. I hate these hearings. After all, it is our tax dollars at work: a judge flies in from Washington DC, a reporter makes a transcript, a lawyer drives up from San Francisco, a couple of MSHA employees come to testify and Ian and I go to Nevada City for a couple of hours. I sure hope we prevail. The mine inspector who wrote the citations probably believed he was right; however, the actual circumstances say otherwise. ”
Miner Mark and his 18 year old son are sinking south of the gold found in the footwall vein. They have blasted quartz everywhere else. Where is that pesky gold?
in reply to: CDAA Conduct #2982Hey Mr. Knox.
Have you ever considered the possibility of a class-action lawsuit brought against your practices by those of us you claim to represent in your representation of the CDAA?
Think about it and laugh, giggle, whatever you do. And if you back-track me and my motives, you will discover that this is not a threat, just a simple reality check for you crooks.
in reply to: CDAA Conduct #2981August 31, 2007
Thomas S Knox
Knox, Lemmon & Anapolsky, LLP
One Capitol Mall, Suite 700
Sacramento, CA 95814-3229Re: Proposed order to collect attorney fees in Miller, et al. v Filter, et al
Dear Mr. Knox,
I object to the language in your proposed order to recover attorney fees resulting from the bewildering decisions of California’s 3rd Appellate Court and the subsequent lack of interest of California’s Supreme Court. The Court of Appeals opinion remanded this case to Sierra County Superior Court to “consider defendants’ entitlement to attorney fees.” Whether you or one of your associates wrote the order stating the “Defendants will recover attorney fees” was intentional or just plain sloppiness remains to be determined. It certainly fits your pattern of misleading the court, a ploy you have used throughout this case. Perhaps you should be reminded that there are rules, doctrines and regulations that make a lawyer vulnerable for purposely misleading the Court. I welcome your explanation of how a member of the California State Bar could confuse the Court of Appeals decision so blatantly if it were not intentional.
I incorporate by reference the letter from Klaus Kolb (August 29, 2007) to you, which details his objections to the language of your proposed order as my objections and instructions to your misleading order pursuant to California Rule of Court, Rule 3.1312.
You also wrote a letter addressed to Mr. Kolb and Mr. Miller dated August 21, 2007. It left me speechless. I shall consider reporting your conduct to the California State Bar ethics committee for investigation. Need I, a mere California businessman without any formal legal training, remind you, a graduate of law school having passed the California State Bar exam, that it is illegal to insert threats of criminal prosecution in a civil matter to gain an advantage? Even though I am not restricted to the ethical conduct (not a member of the Bar), I chose to take the high road in the case against Gayle Filter and his fellow lawbreakers. I did not bring his illegal activities to the attention of the California State Bar or the Attorney General during our civil lawsuit proceedings. Your defendants broke three or more laws. For you to suggest that either the Original Sixteen to One or I would break the law as you imply with Penal Code section 154 or Penal Code section 531 clearly uses a threat of criminal prosecution to gain an advantage. You also imply a threat with Civil Code section 3439.05. What arrogance! I consider your style of lawyering deplorable.
Mr. Kolb, on behalf of himself and his client, Original Sixteen to One Mine, Inc, said it more succinctly than I: “Your letter continues the practice of making false and offensive accusations against my client. The Original Sixteen to One Mine reserves all rights to take appropriate legal action in response to your letter and any further false accusations made against it.” Michael Meister Miller now says the same to you.
Have you forgotten that it is your clients who broke the laws? Your clients prosecuted without probable cause. Your clients willfully misled the Sierra County Grand Jury. Congratulations that your presentation to the Three Blind Justices got your clients off the hook for their behavior. If I were mean spirited I would now write, birds of a feather flock together. I’m not mean spirited or even aggressive; however one must respond to incessant attacks against one’s character.
I recently visited Mc George Law School and read the following, “The ultimate result of shielding men from the effects of their folly is to fill the world with fools. “ Herbert Spencer quoted in the halls of Mc George Law School, Sacramento. In the situation and case you chose to defend, the lawbreakers were successfully shielded from accountability, responsibility and damages.
Sincerely, Michael Meister Miller
Cc: Klaus J. Kolb
in reply to: Clips from Alleghany #2980Scoop begged and begged some more to go into the mine today. Few of us remote rural Californians have air conditioning. The most we get is a swamp cooler and usually the filter is plugged with leaves and rat nests or the water connection barely works. Naw, this isn’t meant to be whining or complaining. It’s just a fact of life, things we give up for clean air, no traffic and a majestic view of the sky and stars each day and night. No one in Alleghany has air conditioning, something city dwellers take as a right!
Well, Alleghany does have the Sixteen to One mine. For those of you who have been underground, you know why Scoop shamelessly begged for an inspection of the new project on the 800 level: cool air with just the right amount of moisture on this hottest day of the year.
Ian took Scoop to the heading where miner Mark had been preparing to began sinking on the vein. Mark had been a miner raiser for many shifts as the crew drilled blasted and slushed the vein upwards from the 800 level; however, once again the gold was elusive and pleasures were few. The reasons for choosing this heading were solid. The miners knew where they found gold over the past six month; they knew the gold pockets from historic maps; they knew the geology of this large unmined area north of the Tightner Shaft. Nevertheless, the high-grade sacks remained empty, deep enough and time to take another approach. (The Company had threes pay days in August plus over $13,500 was paid to the BLM to maintain the unpatented claims.)
Lead miner Mark and his crew are now miner sinkers, a term that causes muscles to ach and management to shudder. Gravity is no longer their friend. Miners are always aware of the force of gravity and use it whenever possible to help their work. They set up their equipment and moved four feet north of where the gold shoot should be located. Wish them good luck.
The time underground was too short for Scoop. If you ever get a tour of the Sixteen to One mine, you will always remember the cool air in the summer or the pleasantly refreshing air in the winter. You will also remember the shock to your eyes, as you emerge into the bright sun after a few hours underground.
in reply to: Gold Enters Major Bull Market #2979Yes, we must remember our lower
division economics subject which we can look back on now
with things “boiling”. The
most vital elements could be
monetary policy used by the
Federal Reserve and Fiscal
policy which can be exercised
by the Federal Gov’t. We feel
the effects more from the latter than from the former
the Gov’t raises and lowers
taxes which hits our wallets
most directly. The former method requires some explaining
which is too involved for this discussion.in reply to: Gold Enters Major Bull Market #2978I truly appreciate the recent discussion about banks, dollars and related areas. My father had an attorney friend, Bob Thurn of Auburn, who thought the Fed Reserve acted in a surreptitious manner. This was in the 1950’s. I enjoyed listening to their conversations as a boy of 12 to 15 years old. Bob was definitely in the minority. Even then most people did not care about such a cerebral topic. The mystery remains today.
A lot of the old fashioned gold bugs of the 1970’s wrote about dollars, money, gold, Fort Knox, central banks and the Fed Reserve. There is quite a bit of history available on the subject, but who really knows. Has Fort Knox or the Fed banks undergone financial audits? If so, is the information public? Do many care today to understand US and international currency evaluations?
I cannot offer much without some research. My library has numerous books on gold currency and banking. My great grandfather and great-great grandfather, Henry and Frank Miller, were bankers with the D.O. Mills bank in Sacramento in the 1800’s. They both signed the bank’s notes or money. Banking was much simpler then than now.
As far as conspiratorial theories, they may not apply to the banks. As far as manipulation or concealed consensus in the banking field, the word oligopoly pops into my mind. We studied it in Economics 1A, and the definition may apply to the banks: a form of monopoly in which the effective control of a market is exercised by a limited number of competitive sellers. I do know that it takes more dollars (Federal Reserve notes) to buy an ounce of gold today than it did fifty years ago.
in reply to: Gold Enters Major Bull Market #2977Gold $666.40
Silver $11.76
Gold/Silver Ratio 56.67
Gold/XAU Ratio 4.88Dick,
Thanks for the tips.
The banks just probably changed their names with the backers remaining the same. This happens all the time in the furniture busines following the big close out sales. I’m sure they just didn’t sell their shares and get into something else.
Banking is a great business to make money in. When you make mistakes in lending or in becoming a party to a drivatives contract the central bank(Fed) will always bail you out at the expense to the public practically every time.
“The Fed makes people poor” -Ferdinand Lips
in reply to: Clips from Alleghany #2976Scoop has been remiss; maybe it’s the gorgeous weather. The rattlesnakes seem to be especially happy to be in Alleghany this summer. What’s with that? Rae has had three in her yard this year and had close encounters with two of them.
To answer the question below from Mark R.: Yes, our waste rock has been assayed again and again and we just sent a sample to be assayed this week. Historically it has been proven that in the Sixteen to One mine most of the quartz is barren but an “aura” of mill rock will often surround gold pockets. This mill rock is easily identified with metal detectors. If somebody more knowledgeable than this scoop would like to elaborate please be my guest!
The Sixth Annual “Old Alleghany Days” was a success. All had a good time and the Fire Department made some much needed money. Thank you to everybody who attended and participated!
Contest Results
Drilling Contest – Professional
1st Place 1 minute 35 seconds David Byers
2nd Place 1 minute 47 seconds Adrayan Aguirre
3rd Place 1 minute 52 seconds Matt JurgensenMucking – Adults
1st Place 1 minute 54 seconds Larry Wall & Mrs. Wall
2nd Place 2 minutes 12 seconds Tim Fadda & DJ Minsart
3rd Place 2 minutes 15 seconds Josh Grimes & Larken BauersMucking – Kids
1st Place 1 minute 48 seconds Sarah Ray & Tristin Ray
2nd Place 1 minute 54 seconds Elijah Bauer & Matthew Finney-JordetWe did not get the results of the watermelon eating, nail-pounding or sack race contests but enjoyed watching them. Thanks to Cathy McGuirre (Degrio) for putting those on for us this year.
The Sixteen to One Crew made the Drilling and Mucking happen. Thank you guys! To see photos of the festivities go to http://www.exquisitepixels.com/AlleghanyDays2007/
Sorry I can’t make this a live link but you can highlight the address and use copy and paste to put it in your address bar.Gold production has been disappointing at the Sixteen to One Mine. The quartz vein is “blowing out” (getting bigger) in the 800 North Footwall Drift. A crew is raising above where the 50 ounces came out recently and the Quartz looks favorable.
A shareholder of the mine who is a retired Hydroelectric Engineer volunteered at the annual Shareholder’s meeting to help us put in our own hydroelectric plant. Another generous Shareholder has volunteered funding for the materials. Work is in progress. This has been a dream for many years. Hopefully our dream will come to fruition this year! We cannot say enough about how much we appreciate this help so we’ll just say THANK YOU!
Our hearts go out to the families of the miners in Utah. All miners feel the impact when something like this happens. May their families be strong and find healing with time. May they rest in peace.
in reply to: Gold Enters Major Bull Market #2975Dear Bluejay,
I do appreciate your checking this out.
Yes, this is the heart of conspiratorial thinking.
But how can the list of banks be close if they don’t exist? I would check the original source and date.Try to look them up one-by-one on Google.
It does sound similar to Henry Ford’s regrettable Protocols of Zion, a fiction that Mr. Ford belatedly apologized for.
I believe you’ll find that the U.S. Post Office also has no “owner.” But someone with better legal/government knowledge might set me straight.
Best regards and I hope to hear about striking gold at the 16:1.
Dick Davis
in reply to: Gold Enters Major Bull Market #2974Dick
On Augtust 17, 2007 Tyler wrote Jim Sinclair the following at http://www.jsmineset.com which Mr. Sinclair responded to:
Dear Jim,
I did not know this….
Furthermore, the privately owned Federal Reserve Bank(the Fed) is not a government agency and is owned by a group of primarily foreign bankers. These controlling shareholders are: Rothschild Banks of London and Berlin; Lazard Brothers Bank of Paris; Israel Moses Sieff Bank of Italy; Warburg Bank of Hamburg and Amsterdam; Lehman Brothers; Kuhn Loeb Bank of New York; J.P. Morgan Bank and Goldman Sachs.
Mr. Sinclair’s response:
Dear Tyler,
This is the foundation for all the conspiratorial views. No one really knows who owns the majority of the Fed, but the list is close. One thing you can say referring to axiomatic truth that “you can take to the bank” is that when the big boys are starting to roll over, the Fed will burn the dollar to ashes if required in order to prevent its major owners, whoever they are, from folding.
This one is akin to the ads recently run by GEICO concerning the educated, up style modern caveman. The caveman is being interviewed and is asked what he thinks about the group dynamic and the individual ego. He replies, Huh? Then the interviewer says, “Sounds like somebody got up on the wrong side of the rock today.”
My reaction to this sentence is “Huh?”
The Federal Reserve System is not “owned” by anyone and is not a private, profit making institution. Instead, it is an independent entity within the government, having both public and private aspects.
1. It is owned by many entities and therefore “not anyone.”
2. If it is not a profit making institution could it be a private, loss making institution or a private break even institution? There are many ways to make money from the Federal Reserve outside of the Federal Reserve.
3. It is an independent entity within the government. That is another “Huh?”
4. “Has both public and private aspects.” That sounds like ownership to me.
Jim
In the movie “Conspiracy Theory” I found it thought provoking. Since monetary history has never been taught in any learning institutions that I am aware of, my original quoted source was intended to be thought provoking concerning our money.
Thoughts concerning the Fed can range from believing what they tell you on their website to a hard right turn towards curiousity and education.
Personally, I find that when any organization is not transparent to the public there must be a reason for it. The lack of transparency provides fertile ground for illicit power and greed to flourish.
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