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- in reply to: Water and Arsenic: which came first? #5046
Just received word about the lawsuit decision. The judge ruled against the water staff so the company won. Following is the notice sent to me this morning by our attorney:
“Hi Mike – I received the Court’s ruling on the summary judgment – summary judgment denied, without reaching the due process issues. Judge Kennelly apparently tried to interpret the statute in a way that avoids the constitutional challenges, by suggesting that the Water Board was required to do an analysis of the violations and penalties despite the mandatory penalty language. I will scan a copy of the decision to you, in case you haven’t received a copy yet.”
Judge Kennelly wrote a very thoughtful opinion. Instead of ruling on the due process issue we raised he recognized that the water agency staff took portions of a detailed statute to justify the merits of the lawsuit. His decision thusly avoids a constitutional challenge, one we are prepared to argue.
Now the central valley water board and the Governor have the chance to look into just how the water agency staff is using statutes and regulations to levy fines, delays and causing unnecessary expenses. The water board preempted the laws as intended by the legislature. The outcome of this failed motion goes beyond our case. A challenge to Sacramento to correct draconian decisions that have hurt California, especially in the blue collar workforce is at hand.
in reply to: Gold Enters Major Bull Market #5044Gold $1571.40 OFF $59.50
Silver $29.02 OFF $ 1.82We are reminded by the media on an hourly basis during this sell-off that it’s all over for gold. Well, that’s the theme they’re trying to sell us and scaring some people in the process. Some folks are not getting scared but are really excited about lower gold prices, these are the Chinese.
China holds about 1% of their reserves in gold. Their expressed interest is in building up that percentage to 10% which is equivalent to three years of world gold production. Where’s that gold coming from?
The Chinese do have some consideration for price but it is supected they are more interested in building up their holdings in a slow and methodical way. It is believed that prices have been somewhat restrained from advancing by them awaiting Europe to unload their gold reserves.
It looks like the European Central Bank is being set-up to sell their gold reserves at a rediculously low price, closely following in the footsteps of what dum-dum Gordon Brown did to his country when gold was under $300. And as I remember, Gordie made the case for going into a small basket of currencies and selling gold far superior than holding a dust accumulating asset that had no return. What a buffoon!
The media is full of weirdo’s, that just don’t want to get it, one of which is Dennis Gartman http://www.theglobeandmail.com/report-on-business/top-business-stories/dennis-gartman-out-of-gold-proclaims-death-of-a-bull/article2269368/ and another is Jon Nader from kitco.com. Beware of these people and their out-of-touch ideas.
Sure, gold could go lower but this is only a temporary pause within a powerful bull market. Aside from naysayers attacking gold, it is still the safest assset class as long as you have physical possession of it and don’t trust someone else to hold it for you. The recent negative events surrounding MF Global is a game changer in allowing someone else to hold any part of your wealth.
As mentioned, I’ve been in the market acquiring gold coins on this spell of weakness. Seems odd that the Southern California coin dealer I use has extremely limited supplies of Mexican 50 Peso gold coins along with others.
I just read the following tonight from a Warren Bevan’s report in kitco.co from a few days ago entitled, Gold Shortages Are Real:
The fact that large gold buyers are having trouble acquiring physical is encouraging though, as a major miners CEO was interviewed this past week he told of large buyers contacting the company directly in hopes of buying physical gold from the company and skipping the now dodgy futures market.
This is a major shift and speaks volumes about the lack of trust in the futures market now after the failure and robbery undertaken by MF Global.
This current cascading gold market is just searching for a bottom. Where is stops in time and price is anyone’s guess. If gold is off another $50 or so tomorrow I’ll be back on the phone.
in reply to: Gold Enters Major Bull Market #5040Gold $1687.30 OFF $24.00
Silver $31.36 Off $ 0.87
U.S. Dollar 78.95 UP 0.36Gold got dive-bombed twice tonight(from 1710 to 1693 & from 1691 to 1680) as the Dollar keeps creeping higher. The Dollar looks to continue its short term strength into the vicinity of 81.50 to 82.
Gold’s ascending wedge line support remains at 1675 with its next support in the $1600 to $1610 area, aided by the ascending 200 day average at 1611.62. It wouldn’t be a surprise to see $1600 give-way followed by a final fast slap ending this bull market reaction that began above two $1900 plus closes in late August and in early September.
Tomorrow appears to be a good time to start another scale down gold-coin-buying-program.
The most competitive prices around are quoted at http://www.golddealer.com out of Inglewood, California. No taxes and shipping above a $2000 plus purchase.
in reply to: Gold Enters Major Bull Market #5043Tonight from the Casey Daily Dispatch:
Bottom line: We believe that a mania of epic proportions still lies ahead(for gold). No telling exactly when that train will leave the station, so we want to get on board now while the market is weak and prices are low. However, we also don’t want to go all in, not because we’re concerned about the eventual end game for this market, but because we want to have cash to deploy at lower prices before the mania, should a much greater correction give us the chance to do so.
in reply to: Gold Enters Major Bull Market #5042Gold $1655.00 OFF $32.30
Silver $31.01 OFF $ 0.35
U.S. Dollar 79.55 UP 0.60Selling down below symmetrical triangle support at $1675 on the surface normally would be negative but with so many orchestrated manipulations in the gold market by fiat based central banks, one has to weight in the miscreants hand at chart painting.
It’s been beneficial for many experienced market participants in the past to embrace the fear that is brought to them with declining markets. Jim Sinclair said a few days ago that gold will lash around within 300 and 400 dollars during this bull market and you should be prepared.
The bottom line according to Jim is, buy the declines and sell a little on the good advances. If you get scared out of your gold on declines you will be on your own later and will be the pavement for the keepers of gold.
I purchased two Mexican gold coins today below gold’s price on eBay. Tomorrow, I’m thinking of buying a few 50 Peso coins from golddealer.com.
in reply to: Miscellaneous #5041Kirland Lake Gold(KGI-TSX) recently made the following statements concerning the company’s expanding mining operations in Ontario:
The company’s work force grew by an additional 76 people in the quarter to a total of 832 employees. A total of 275 employees will be added in fiscal year 2012, of which 147 employees have now been hired.
All of the above was made possible by a man with a vision, Brian Hitchcliffe, in December of 2001. Of course, none of this could have been accomplished without the support of local government.
in reply to: Water and Arsenic: which came first? #5039Is it only “case law” that can be cited in appeals?
I’m not suggesting the need for an appeal, since I am a pragmatic realistic optimist with justice and reality on my side, when considering the pending decision facing our mine. BUT in the event one is needed, the testimony text below is damning to the crooks cause in any event.
The fact that such blatant hypocrisy even escapes the same entity’s voices speaks volumes:
Grounds for appeal, I’d say.
And while a $3K fine is still aggregious, perhaps send the check now.
When we finally get these un-elected effers out of there, we’ll find a bunch-o-gold.
in reply to: Miscellaneous #5038Education!
The knowledge gained
Bright the future featuredQuite mind keener
It is useful everywhereIt makes a fearful confident
Education put that self in passionIt makes an obtuse people decisive
It is useful in active and passiveEducation is power
And every educated is winnerEducation is the ability to meet life`s situation! ! !
Luwi Habte
http://www.inflateordie.com/files/MF%20Global%20Disaster%2012-09-2011.pdf
in reply to: Gold Enters Major Bull Market #5037REAP, good work.
Friday’s close.
Gold $1711.30 UP $5.50
Silver $32.23 UP $ 0.57From today’s International Forecaster:
“Something very unusual happened today(12-08-11). We have been saying the same thing since 1988, but we are called conspiracy theorists. Deutsche Bourse owned Market News reported that the BIS, Bank for International Settlements, the Bank of England and the Federal Reserve were selling gold in unison in order to manipulate the price of gold lower. There you have it subscribers – the gold and silver markets are being manipulated.”
The above is in stark contrast to the fairy tale reporting that the media constantly serves up to us.
In early Thursday world trading gold was selling at about $10 higher at $1757 when the Comex opened for business. Shortly afterwards, the rug was pulled out from under the metal and within an hour it was taken down to $1718. On the day gold lost about $36, closing at $1705.80.
The inside reporting by the Deutsche Bourse is just part of the story that routinely takes place in markets these days. Bloomberg recently did a story depicting all the phone calls that acting Treasury Secretary, Hank Paulson, made to his banking buddies disclosing, most likely, inside information of the governments intentions before the fact.
And then there’s the free pass for our representatives to trade on inside information for profit, no crime here. It was reported that Dianne Feinstein made one stock trade this year using inside information that resulted in a million dollar profit for her.
Makes you wonder, why we don’t get our piece of the pie? The obvious answer is, we’re the patsy and the gouging is intensifying.
in reply to: Gold Enters Major Bull Market #5036Howdy BlueJay! The Bull Market is everywhere! I saw this report and it gave me the answer to my trading question from a while back.
“With these gold rings I thee wed… bullion hits record high in rupee
MINING.com Editor | December 8, 2011
Gold today (Dec 8) rallied to an all-time high of Rs 29,540 per 10 grams in the bullion market here by adding Rs 240 on the back of marriage season demand amid a firming global trend. In the world’s second-most populous country, the Indian wedding season runs from October to November. At its height, there can be up to 15,000 weddings each night in the City of Dehli alone.”My Trading question was: Is the gold commodity vs foreign exchange market Efficient?
Today, Dec 9 Gold in Dehli is 29,560.00 Rupees for 10 grams. Gold is also at $1,716.45 per ounce which means that 10 grams gold = $605.46. At today’s rates $605.46 = 31,432.46 Rupees. So, if I take $605.46 and convert into Rupees I will get 31,432 RS. I can then use these Rupees to buy 10 ounces of gold and have 1872 RS left over. Finally, I convert RS back to $ and find that 1872 RS = $36.06 – a 6% arbitrage profit!
Now of course there are transaction fees to pay on all this dealing so it isn’t likely to make much net profit. But on a typical day when the gold price spikes somewhere in the world the currency markets do not respond instantly. This seems to answer my question. There is a time delay INEFFICIENCY in the commodities and foreign exchange markets. How ‘bout dem apples? (I am in TN)
in reply to: Water and Arsenic: which came first? #5035The Grass Valley newspaper (The Union) front page article titled, “Victims or Culprits? Colfax hurt by regulation or irresponsible stewards?” contains quotes by Congressman Tom McClintock said from the House floor on December 1. The Assemblyman said, “Over the past several years, this little town has been utterly plundered by regulatory and litigatory excesses that have pushed the town to the edge of bankruptcy and ravaged families already struggling to make ends meet.” He called the practices a “unconscionable”. HELLO out there! Everyone familiar with the Sixteen to One knows this to be true. But read the following written by the Central Valley Water Board staff and presented to the full board at its December 1 public meeting. It is the staff’s exact words.
Central Valley Regional Water Quality Control Board
30 November, 1-2 December 2011 Board Meeting
Prosecution Team’s Response to Comments
Tentative Administrative Civil Liability Order for the City of Colfax Wastewater Treatment Plant Placer County“The following are Central Valley Regional Water Quality Control Board (Central Valley Water Board) Prosecution Team responses to comments submitted interested parties regarding the tentative Administrative Civil Liability Order (ACLO) for the City of Colfax Wastewater Treatment Plant. The Advisory Team extended the public comment deadline from 6 October 2011 to 13 October 2011.
“Issue No. 4: Failure to conduct receiving water monitoring or report results
Background: MMPs do not apply to the failure to conduct monitoring or to report results. These actions are considered deficient monitoring violations or deficient reporting violations and are only subject to discretionary enforcement actions. In general, when Board staff reviews monitoring reports and discovers these types of violations, it responds by issuing an NOV. The NOV will require the discharger to describe the actions it will take to stop the violations identified by staff.“Issue No. 5: Failure to monitor the ponds
MMPs do not apply to the failure to conduct monitoring or to report results. These actions are considered deficient monitoring violations or deficient reporting violations and are only subject to discretionary enforcement actions. In general, when Board staff reviews monitoring reports and discovers these types of violations, it responded by issuing an NOV. The NOV will require the discharger to describe the actions it will take to stop the violations identified by staff.
Prosecution Team Response: Although the MRP requires that dissolved oxygen be monitored in the groundwater, the Prosecution Team will recommend that the Permitting group remove this constituent when the permit is updated in 2012. Some consultants measure dissolved oxygen while they purge a monitoring well because it is one of several parameters which can be used to determine when formation water is being recovered. It can also be used as a surrogate for petroleum hydrocarbon contamination, but that is not a concern at this facility. It is very unusual to require that dissolved oxygen be measured in the groundwater at wastewater treatment facilities, and it is not a “waste constituent” as described in the Groundwater Limitations. Prosecution staff disagree that there was any violation to report regarding dissolved oxygen.“Issue No. 8: Failure to monitor the groundwater
Background: MMPs do not apply to the failure to conduct monitoring. These actions are considered deficient monitoring violations and are only subject to discretionary enforcement actions. In general, when Board staff reviews monitoring reports and discovers these types of violations, it responded by issuing an NOV. The NOV will require the discharger to describe the actions it will take to stop the violations identified by staff.
Prosecution Team Response: The monthly monitoring reports indicate that wells G-001 and G-002 were dry and did not have enough groundwater to sample for the above months. There is no violation if a discharger is physically unable to collect a sample.“Issue No. 12: Additional Enforcement should be considered
Comment No. 1: The City of Colfax has committed many violations over a period of several years: however, the Central Valley Water Board has been forgiving to a fault in the face of the numerous effluent violations with the reasons given being the small size of the City and the financial hardships it faces to deal with a complex and potentially expensive situation. (SARA) The proposed waiver of penalties is inadequate and excessive (FONF).
Prosecution Team Response: The Central valley Water Board’s ultimate goal is the prosecution of water quality and beneficial uses of water of the State. To this end, the Board uses a number of regulatory approaches to ensure compliance at hundreds of wastewater treatment plants we regulate. Board staff acknowledged that the City of Colfax has had a long history of violations; however, this has also been the case for a number of other facilities because of the Board’s limited resources and need to prioritize. Prior to 2001, the Board addressed the problems at Colfax through requirement in its NPDES permits. In 2001, the Board renewed Colfax’s NPDES permit and issued a companion CDO to bring Colfax’s discharge into compliance. Subsequent CDOs issued in 2007 and 2010 were intended to keep the City under a regulatory structure to keep it on a path to compliance in light of the unique factors and circumstances that have kept the City from achieving compliance.
In 2000, the CWC was amended to include MMPs for effluent violations. The CWC also authorized the Board to require publically owned treatment works serving a small community with financial hardship to apply MMPs towards a compliance project designed to correct violations in lieu of assessing MMPs. In 2003, the Board issued an ACLO which required Colfax to spend a total of $351,000 on a compliance project in lieu of assessing MMPs. In 2008, the Board issued an ACLO for additional effluent violations and required Colfax to spend a total of $234,000 on a compliance project. Recognizing that Colfax is a small community with financial hardship, and allowing the MMPs to be applied to the compliance projects is a practical approach taken by the Board and is specifically authorized by the Legislature.
The wastewater treatment plant did not have an effluent flow meter from 1 January 2009 through 28 July 2010. Effluent flows were estimated bases on a flow meter within the treatment plant. This was a permit violation, but is not subject to MMPs. The City is now in compliance and Prosecution staff does not recommend further discretionary enforcement actions.”I sincerely ask that you read the staff report to the same board that seeks $2.245,000 from the mining company due to its failure to file 13 reports, which by de4finition were not required according to the actual water situation on our property. We have no effluent. The water is surface or ground water. We are small and broke. We did “fail to conduct monitoring or to report results” as the staff comments about at “Issue No. 4”. Also we had serious weather related issues to even get to Kanaka Creek. What do you get from these contradictions? What else can we do to stop this regulatory and litigatory overzealous and predatory treatment?
NOTES OF IMPORTANCE from the same report:
1. Page 2. MMPs are also assessed for failure to file a monitoring report. However MMPs are not assessed if a monitoring report is submitted but is incomplete. Our reports are filed after notice of this clause.
2. Page 2. MMPs only apply to effluent limit violations of any limit defined in the NPDES permit, including surface water, groundwater, operational, or toxicity limitations. MMM declaration states that water is groundwater or surface water and nothing is added by operator.
3. Last paragraph recognizes small and financial hardship.
4. Senate Bill No 2165 February 25, 2000, Section 1(f): For purposes of this section, a single operational upset that leads to simultaneous violations of more than one pollutant parameter shall be treated as a single violation. In other words, $3,000.in reply to: Gold Enters Major Bull Market #5034Gold $1713.50 OFF $29.20
Silver $31.77 OFF $ 0.76Gold continues to be in a defensive posture within its daily trading transitional phase following highs above $1900 twice in mid-August and again in early September. The current parameters during this period are contained by rising bottoms and declining tops. Today’s support from rising bottoms comes in at $1675 with resistance expected at $1765. Both these numbers are converging while squeezing and and compressing the formation which creates energy build-up for gold’s next escaping move which is expected, one way or the other within a period of weeks.
http://stockcharts.com/h-sc/ui?s=%24gold
Gold one ounce coin sales at the U.S. Mint have taken a dive last month compared to the previous month. Does the public have enough for the moment? Does everyone believe that the Fed’s dollar injection to the ECB solves their problem? This may invigorate and return confidence back to the Euro but for how long with most Euroland banks lacking solid unimpeachable short term reserves?
In the following editorial by Jon Nadler(the perennial gold bear)from kitco.com he starts talking against gold as usual. Many gold-bugs view this writer as a hired gun of the cartel.
in reply to: Miscellaneous #5032While the fiat currency crowd still pound their chest yelling “it’s fiat”, that same nonsense existed for 19 years when gold fell from 1980 into 1999. Why did it not matter then? Because it still doesn’t matter now. Gold is the PERFECT hedge against political instability. That is why it has rallied. It’s the DEBT CRISIS not what money is! Gresham’s Law is that bad money (debased) drives out good money (not debased). People hoarded the old coinage because Henry VIII debased the precious metal content aggressively. He was broke even after confiscating all the property of the Church and melting down every altar piece he could find made of silver or gold. – Martin Armstrong
in reply to: Miscellaneous #5031DEUS EX MACHINA
by Egon von Greyerz – December 2011
With most of the world’s major economies as well as the financial system bankrupt, there is only one solution that can save the world economy. Like in the Greek tragedies, Deus ex Machina is now the only way that the world can avoid a total economic collapse. This would involve God being lowered down onto the world stage and miraculously saving the plot.
Read more:
in reply to: Gold Enters Major Bull Market #5030Gold $1721.50 OFF $23.80
Silver $32.12 OFF $ 0.52
(Silver sells below 50 day average at $32.50)Gold being lower is no surprise, just cosmetic tinkering with price probably with the selling of Gaddafi’s stolen gold. The urgently needed $1 trillion realistic Fed bailout for Europe has to look like “mission completed,” so gold gets beaten down. In fact, $100 trillion is needed to clean up EU’s real financial mess. Where’s that wealth coming from? Portugal has already mirrored that answer for all to see with the taking from their citizen’s pension fund accounts.
From http://www.jsmineset.com:
“Alf Fields is right when he says “Once this correction has been completed, Intermediate Wave III of Major Three will be underway. This should be the largest and strongest wave in the entire gold bull market. The target for this wave should be around $4,500 with only two 13% corrections on the way.”
Concerning future declines in this market, when gold trades at $3000, a 13% retreat would be about $400. So, prepare your nervous systems.
in reply to: Miscellaneous #5029Is The World Spinning Out Of Control?
in reply to: Gold Enters Major Bull Market #5026Asian prices
Gold $1744.90 Down $0.40 from NY close
Silver $33.07 UP $0.34 from NY closeSilver has pushed above its 50 day average at $32.56. Gold is having trouble higher up at $1750.
Coordinated efforts by world central banks dump large amounts of money into the system to save the world economy.
http://www.martinarmstrong.org/files/Intervention%2011-30-2011.pdf
in reply to: Miscellaneous #5028In the union newspaper today, Colfax having problems with attorneys over WATER QUALITY, Attorneys who are acting just like the water board after the 16
in reply to: Miscellaneous #5027Corrupt California and Federal Politicians and Environmental Racketeers? Read about The “Great Gold Heist” in California in 1994.
in reply to: Miscellaneous #5025We need to feel sorry for folks that just don’t have a creative clue in seeing the truth when exposed to the news: either on the TV, or in the newspaper, or on the Internet or other media outlets.
HSBC Holdings, PLC was kind enough today to raise their forecast on silver to $34 for 2012 while standing pat on their price projections of $28 in 2014 and five years from now, to an average of $25. So, uninformed folks would presume that holding silver at around $32.70 today and selling it here or just a little higher later may save them from taking an eventual loss, resulting in a bad investment.
How can anyone have enthusiasm for higher silver prices if they believe in HSBC? Certainly, HSBC and J.P. Morgan are not the ones to lister to as both are being sued by various parties for silver price manipulation, rigging the game in their favor and against the public.
During near the middle of 2008 the big U.S. banks held 85% of the total Comex short position in silver. Did HSBC warn the public then that prices were about to get tanked along with gold when they were heavily short? No, I don’t think so. Silver went from above $22 to under $9 in a matter of a few months while gold went from just above $1000 to about $700. Heavy losses were inflicted on the public invested in this group while the related shares got creamed.
What HSBC is doing today is talking their book in hopes of affecting lower silver prices and their words, hopefully, are being listened to by the sheep(the traders and investors who don’t do their homework).
In 1970 I was buying silver for our first born at about $1.20 and mildly high prices for our next two. Starting in 2002 we began buying silver coins for ourselves each time the metal had a healthy sell-off. Now, we buy a little silver each month. When we were in Mexico in the early part of the year we bought the day silver hit about $33 coming down in a hurry from near the $50 mark.
The independent analysts I listen to on the Internet like Max Keiser, Bob Chapman, Jim Sinclair, Dan Norcini, Gerald Celente and others play a different tune to the research that comes from the banker’s controlled brokerage firms.
Silver is and will always be volatile as it is a small market one that is ripe for the participation of a crime syndicate. Regulators, don’t bother them as they have better things to do. One of which was proven to be their watching porn on the Internet while at work.
“Out of the blue” prices can be driven lover, fast, but the powerful major long term trend is UP. It is HSBC’s position for projecting lower prices that there will be a silver surplus going into the future but one has to wonder, what they are smoking?
Research the many growing uses of silver. Research who is buying silver and why. It’s not too difficult to understand that in the near future world silver deposits will be greatly depleted. Where will silver come from when industrial demand heats up? Dishoarding will occur at higher and higher prices. Silver surplus? Good luck, you miscreants.
This declaration of lower silver prices by HSBC reminds me of the time the Boston Globe some years back questioned a rising gold price at around $400 an ounce. It was at that time on these pages that it was basically stated that, the Globe is full of horsepucky.
in reply to: Miscellaneous #5021While the State chases us down to put us out of business who is chasing down Hank Paulson for blantant criminal activity?
From today’s International Forecaster:
We now find out the ex-Goldman Sachs’ CEO, and former Secretary of the Treasury, released a blockbuster report based on a FOIA response by the treasury fund that Paulson tipped off a select group of Goldman Sachs Diaspora hedge fund managers about the eventual failure of Fannie and Freddie. This is how the crooks on Wall Street operate. The meeting took place at the offices of Eton Mindich, who is in the hierarchy of the Asset Management Committee of the “President’s Working Group on Financial markets.” Again, where is the investigation and prosecution?
in reply to: Miscellaneous #5024You’re got it Rick. Now all we have to do is unplug the televisions and de-charge the cell phones and the majority just might wake up to what is being done to them.
I read something shocking today:
“Mining experts feel that over the next 25 years, we will need to dig out of the ground as many minerals as consumed since the beginning of mankind.”
I can see it now, by that time California might be owned by the Chinese thanks to the Bureaucrats who lack foresight with their crooked perspective as they continue to make it difficult for start-up mining projects to begin and continue to duke it out with some others in the State based on the conflict of personalities with appointed, not voted in, Water Board flunkies.
I have spoken to mining people and they avoid doing business in California like the plague. One was a past president of a NYSE listed gold mining company and the other was the president of another gold producing company that was listed on the ASE some years back.
What Californians need to do is recall their representatives and get some new blood in Sacramento. Folks in my District can start with Pat Wiggins. She has, twice, ignored our letters concerning the inappropriate behavior and lack of professionalism of the Water Board in their irresponsible treatment of our investment in the Sixteen to One while their very basis for the current lawsuit is just a plain old personality conflict with our president who is always fighting for our rights as shareholders.
I spent many years as a professional and I know how politics in organizations work: if you have a problem with someone or just don’t like them you get out the old rule book and stick it to them. It is beyond me how the responsible party for overseeing the Central Water Board can sleep at night knowing the potential damage that so many shareholders are exposed with the basis of the pending suit being predicated on only a personality conflict and twisting of rules because the Board would not hear that our processing mill was closed.
You know something is wrong when grammar school kids after hearing the story with the Water Board react by saying, What is their problem, are they stupid?”
in reply to: Miscellaneous #5023Prosecution of real crooks is asleep, because it would take an honest and genuine Justice Department and AG willing to address injustice.
While the de-regulation of Glass-Stiegal is the root cause (quickie explanation: Glass-Steigal Act separated all banks’ abilities to invest deposited funds, those of the public like us all, from an investment house using their own $)….those who rendered Glass-Steigal impotent go un-noticed and should shoulder all blame and, quite honestly, be in jail.
It is tragic that 99.99% of the public, a public pissed off at the whole demise of our economy, remain completely ignorant to this fact.
It was all designed to buy votes, and somehow, miraculouly, still does reap votes via ignorance, or better described: stupidity.
Allow me to break it down in a few sentences:
1) Corrupt Washington (Dems in this case) needed and still do need voters to stay in power, feeding them cheese while they are the cow.
2) Spew rhetoric and a racist agenda suggesting that ALL people ‘deserve’ to own a home, since the American dream is only accessible to the rich
3) De-regulate banks by elimintating Glass-Steigal
4) Force banks to now issue paper-tiger loans to all who cannot afford to buy them, under threat of prosecution by a corrupt Justice Department for ‘racism’ (note: what race??? …and I’m not talking about black, white or yellow)
5) Watch it all fail
6) Blame the banks
7) Count your newly purchased votes, sit back and laugh
8) …worry that the American public is stupid………
Bluejay asks the question, “Where is the investigation and prosecution?” The answer is obvious: the fox will never prosecute the henhouse for laying eggs.
THIS OF COURSE SUCKS, because while all the Washington corruption sails along, CRIMINAL UN-DUE PROSECUTION of our property in the Original Sixteen to One Mine is progressing unchecked, via public $ and corruption.
THIS SUCKS, and all of us need to awaken everyone we can think of.
in reply to: Clips from Alleghany #5022The high Sierra is rocken’ and rolling tonight! Winds began this morning, continuing through the day and right now, the windows are rattling. No one in Alleghany is complaining. Last year at this time it was all about snow, cold and few were ready for the early winter in the fall.
in reply to: Gold Enters Major Bull Market #5020Gold $1715.40 UP $5.50
Silver $31.92 OFF $0.14The educational interview with Dr. Edwin Vieira concerning Confiscation and the Constitution linked below is quite interesting.
in reply to: Gold Enters Major Bull Market #5019Gold – The Final Frontier
This July 13, 2011 article by Martin Armstrong beckons to be reviewed.
in reply to: Miscellaneous #5018BEWARE:
We are living in an unparalleled age of rampant financial fraud. Potential troubles often spawn when others are entrusted with your wealth.
in reply to: Miscellaneous #5017The downward angle of the winze is steep and yet leads to every drift and pocket…and the angle of the crooks is of a different sort: they aren’t considering reality in mining terms, but rather $$ in political coffers (coffins to those who don’t fight back).
in reply to: Miscellaneous #5016The Canadians realized the value of the exploitation of their native and natural resources decades ago. With cooperation between governments from Canadian provinces, the federal government, the paper producing private sector and the actual mining people, a great institution emerged, which continues today. The industry has not always been stellar. The provincial brokerage fellows used the stock market as a money making paper mill with questionable truths guiding investments in the stock markets. Many suffered financially due to lax or misleading reporting.
As others in and out of government realized that the negative impacts this hyper sensitive “game” was killing the industry, rules were established for protection. Who was being protected is questionable? Usually the greedy or ignorant public is identified as the component to protect. The paper pushers always seem to escape unscathed; however as I follow this thirty-six year progression, I believe the least important components to protect are the actual mine and its miners.
How did these interactions between members in the natural resource exploitation industry progress? The article below tells a good story about why Canadians support the exploitation of natural resources… mining creates wealth. Greed determines who wins the most and who are the losers. Nothing new here. But during the 1975-82 global rush for gold, stock brokers, stock players, gold analysts, promoters and many actual miners found it more profitable to mine paper than ore. Are we heading for a re occurrence of those heady days as gold continues its bullish trend?
Canada eventually changed the rules of its stock markets. How successful those rules are protecting the public from hype is worth pondering. I read disturbing corporate reports all the time from companies listed on one of the Canadian exchanges. The US stock markets continue to make it very difficult for start-up or junior gold mining companies to compete.
Good, solid governmental intervention still prevails in Canada which encourages natural resource exploitation. The tax benefits or rules favor taking a risk in a mining venture. Why is this successful government policy ignored in the United States? I used to think that we Americans were so smart. We would mine everyone else’s natural resources and when the world ran out of minerals for industry, America would become the haven for richness. I do not think this way today. I think our public and private movers and shakers have lost their way towards making and keeping America a haven of richness. A rebirth in the development of our natural resources accomplishes two important views that are expressed by both extremes of social thought.I use the word exploitation with pride. It is the process of winning or producing from the Earth the oil, gas, minerals or rocks that have been found as the result of exploration. When man exploits he turns a natural resource to economic account. America’s rebirth of exploration and exploitation of the Earth creates wealth in America and a greener Earth. Why a greener Earth? The United States demands that our industries do their thing under fair, just and equitable environmental considerations. Our industry is one of the least harmful environmental heavy industries (and many “light” industries) on Earth.
These are some reasons to rebirth America’s road to reform and prosperity through the exploitation of its natural resources. There are others. For labor, our industry is safer than skiing. In California a miner is healthier and safer than a roofer. Our industry pollutes less harmful stuff than shopping malls. Our industry thinks locally and acts globally. Our industry is sustainable because the world’s civilizations must have natural resources to survive. This will never be reversed. Enjoy your “Black Friday”. It would not be possible without the global miner. Let’s bring him back to America.
in reply to: Miscellaneous #5015The following data is an comparable Canadian example of what could part could be possible if the incompetent politicians in Sacramento looked to mining to help balance our State’s pathetic balance sheet.
An excerpt of a November 22, 2011 speech by the Canadian Minister of Resources, Mr. Joe Oliver.
In 2010,
mineral production contributed $35.1 billion to our GDP; Canadian mineral production was valued at $41.2 billion;
Canadian mineral exports accounted for $84 billion; and
21% of our total exports came from minerals.
If you ask me, that last number may be the most impressive.
Mining and mineral processing are directly responsible for the jobs of well over 308,000 Canadians. Thousands more work in related industries.
You of course know these facts, but I am talking to a broader audience. So, you won’t mind if I let them know as well.
The industry contributes billions of dollars in taxes and royalties to government every year – $35.1 billion in 2010 and $18 billion to our trade surplus for example. These funds support everything from education, to infrastructure, to health care.
in reply to: Gold Enters Major Bull Market #5014Gold $1693.60 UP $1.30
Silver $31.87 UP $0.11The following linked article by Howard Buffett, the father of Warren, clearly makes the case for owning physical gold. The article was written the 6th of May 1948 entitled Human Freedom Rests on Gold Redeeeable Money.
in reply to: Gold Enters Major Bull Market #5013The Bottom Line:
There should not be anyone between you and your liquid assets. The MF Global shock is a perfect example of how fast your assets can be gobbled up and taken away from you. Gerald Celente of Trends Research has, for the moment, lost his entire gold position at the Comex and the money involved goes into the six figures.
Martin Armstrong discusses possible gold confiscation with some other thoughts.
http://www.martinarmstrong.org/files/Will%20Gold%20be%20Confiscated%2011-22-2011.pdf
in reply to: Clips from Alleghany #5012Yeah, my Reno relatives live in
the s/w area of Reno. Their Home
is ok but the daughters home that
is further south and west was in
danger. The family told me there was some snowfall which helped out.in reply to: Gold Enters Major Bull Market #5010Gold $1687.40 OFF $37.40
Silver $31.21 OFF $ 1.20The enemy has attacked the support line on gold at $1715.10 and have temporarily won a battle. It looks to me that Momar Kadaif’s stolen gold is being sold in here by the folks who always have an interest in beating it down.
It looks like Armstrong was 100% correct when he stated weakness would develop from the highs around Labor Day and possibly continue for a few months, atleast.
in reply to: From the Sixteen to One Archives #5011Archives are a great addition to any business. Thanks to Ray Wittkopp for sending me the letter below.
Some important distinctions in the following letter by Reno H. Sales are important distinctions that relate to the Sixteen to One mine today (67 years later). I will point some out for those of you craving a deeper look into one of the world’s great gold deposits, those who want to get to know the possibilities of our operation in Alleghany and everyone with an interest in mining throughout the world.
Mr. Sales earned the title of “Father of Mining Geology” as his systematic study of ore bodies became the standard practice for the industry. He was born in 1876 and died in 1969. Bill Fuller, company geologist from 1950’s to 2001, studied under Mr. Sales. Bill’s maps are priceless treasures that we continue to study.
Anaconda Copper Mining Co. June 27, 1944
Mr. R. S. Moehlman
29 E. First St., Rm. 216
Reno, NevadaDear Bob,
I am in receipt of a copy of your letter to Mr. Perry dated June 20, also a copy of your “on-the-run” Memorandum on the Nevada or Hogle Mine, situated in the Battle Mountain District, Nevada. That kind of report reminds me of “hit and run” Joralemon, and it is the very thing I am trying to get away from. The Hogle property is within a short distance of our Copper Canyon operation, and if there is one place in the United States where we need additional ore developments, it is in that area. We spent a lot of money on the Iron Canyon and on the Minnie in the hope that an additional property would bolster the Copper Canyon Project.In addition to “too mush digging – – – in this mining profession on half-baked geology”, there is too much on the run type of geological examination work being put forth as a basis for starting the aforesaid digging.
You spent a long time in the Battle Mountain area, during which period you become acquainted with nearly every prospect in that region and you formed definite ideas on general geology. Jim Wilson is a relatively new man in examination work, and we should not put it up to him to decide for us whether the Hogle property has future promise.
When you are given the opportunity of examining a property in the Battle Mountain area, especially one that is closed most of the time, you should make that the occasion of a most careful and thorough study of its possibilities.
In your introduction you say, “The mineralization was not studied in detail, after it became apparent that possibilities were not likely to be large enough to interest the Anaconda Company.” Your course of action and reasoning is opposite the one I usually use. I study the mineralization and geology first and then decide whether or not it has possibilities of interest to the Anaconda Company.
Yours very truly,
Reno H. SalesReno Sales embraced utilizing the scientific approach as his foundation for exercising geological approaches for everything he did. No exceptions, no short cuts and especially no sifting data to support a conclusion. Just as Joe Friday said in Dragnet, “Just give me the facts, mam, nothing but the facts”.
The first distinction that relates to the Sixteen to One is describing ore examination as “on-the-run”. While inquiries continue about the worth of our property and participation in advancing the Sixteen to One’s operation, I knew that an influx of capital for sinking a new shaft or exploration was needed years ago. No one has done more than an “on-the- run” look. As Reno wrote, this is not the manner to approach a mineral property.
Reno also makes the distinction between “on-the-run” and “hit and run”. I got into the gold mining business in 1975. Over the past decades I’ve read about too many mining ventures that were actually funded on “half-baked geology”. What a shame!
Today there seems to be an aversion to risk by well-heeled investors to go get some of the yellow stuff that has continued to be a solid asset for centuries. Reno Sales’s spirit is howling over the sloppiness in the execution by professional geologists, mining engineers and mining operators that has taken place in North America since the governmental shackles place upon the gold mining industry were removed in 1975. I’m not in the grave yet and my spirit is howling in either disgust or despair over these abuses.
Reno hits the bull’s eye and does not mince his words in calling out Joralemon or Moehloman: “Your course of action and reasoning is opposite the one I usually use. I study the mineralization and geology first and then decide whether or not it has possibilities of interest.” Reno, I’m glad to know you.
in reply to: Clips from Alleghany #5009Ray was out of town when the speeding wind driven fire raced down the canyon behind his house. A massive battle stopped the fire; however it jumped the southern ridge and continued towards Reno. Ray’s wife called him in a near panic. He directed her to load the car with some precious items, point it out of the garage towards the street in preparation to flee. Before evacuation was ordered hundreds of fire fighters stopped the fiery path towards his house. A fire loss has monetary consequences but priceless and irreplaceable items tears the heart into pieces of despair. Most of Reno dodged that bullet last week, including the Wittkopps.
in reply to: Miscellaneous #5008The Chicago Mercantile Exchange(CME) who owns the Comex where gold futures are traded in New York City have really lost creditability with trends forecaster Gerald Celente and is he mad.
[audio src="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/17_Gerald_Celente_files/Gerald%20Celente%2011%3A18%3A2011.mp3" /]
in reply to: Miscellaneous #5007Another good example of a malfuctioning Congress.
From Saturday’s International Forecaster:
The concentration of elite legislative power in America is well under way today as the new “supercommittee” is working on an end-run around Congress to put together a “secret farm bill” that would prop up failed agricultural policies with yet more billions in taxpayer dollars.
The “supercommittee” is the newly-formed (and utterly illegal) committee of 12 members of Congress who engineer new debt-related legislation that’s only allowed an up or down vote by the full Congress. This bypasses the traditional debate process by elected representatives, effectively concentrating the power to shape laws in the hands of a mere dozen members of Congress. The very structure is elitist from the start, and it directly contradicts the United States Constitution.
Because the committee concentrates yet more power in the hands of the few, it is being heavily lobbied by various groups and industries that want more government handouts. The farming industry, of course, is lined up at the trough of government slop just like everyone else, and this secret farm bill could cost taxpayers billions of dollars in government subsidies that are tied to commodities prices (which are extremely volatile and could unexpectedly rise).
Bypassing representatives to concentrate power with the elite.What this latest move demonstrates is that the supercommittee will now be used as a way to bypass the rest of Congress with yet more bloated government spending legislation that puts America further into a debt hole that increasingly appears to be headed toward total financial collapse.
That this is all being done without open debate in Congress, and without any public scrutiny of the actions of the 535 members of Congress is yet another disturbing sign that the very fabric of power in America is being deliberately destroyed and re-concentrated into the hands of the few — the “global elite” who now consider themselves kings who rule over the slave masses.
America needs hemp farming, not more bailouts for growing low-value crops. Of course, the ultimate farm bill for America would be the legalization of industrial hemp farming — a move that would unleash a whole new era of agricultural abundance across the nation.
Presently, the USA imports thousands of tons of hemp products each year from Canada, China and other countries. These products include hemp seeds, hemp fibers, hemp clothing and hemp oils. Why on earth is it illegal for U.S. farmers to grow these products when we import them from Canada anyway?If anybody in Washington could pull their head out of the clouds, they would legalize hemp farming for American farmers. So instead of farmers earning pennies a bushel for growing corn or soybeans, they could earn dollars a bushel for growing hemp. This would put hundreds of millions of dollars back into the economy and create new jobs in farming, agriculture and hemp products. Legalizing hemp farming is the ultimate “jobs bill.”
Better yet, hemp grows without pesticides and requires little to no chemical fertilizers, either. It’s environmentally friendly, it makes money for farmers, and the demand for hemp products is absolutely huge.
The U.S. Constitution is written on hemp. Sails and ropes from the ships that brought America’s original explorers were made out of hemp, and the earliest renditions of the U.S. flag itself were also made out of hemp. Ever wonder why? Because hemp lasts! It’s more rugged than cotton and far easier to grow and harvest.
So why isn’t hemp legal in America? And why is the supercommittee in Congress secretly scheming behind closed doors to spend even more taxpayer money propping up a failed agricultural subsidy system that traps farmers in financial slavery while denying them the freedom to grow a crop that’s just begging to be met with additional supply?
The answer is simple: Because the U.S. government doesn’t want Americans to have economic freedom! And the DEA, in particular, doesn’t want to give up its tyrannical power over everything related to marijuana. Yet another reason to rise up against tyranny and government oppressio.
If the People of America are to have any hope of restoring their freedom to farm, freedom to garden, and freedom to consume plant-based medicine, they are going to have to take those freedoms back (with protests and Free Speech, not with violence) and remind the government that it has no right to tell the People what they can or cannot grow on their own land, with their own hard work.
Heck, the U.S. military is in Afghanistan right now helping the locals grow heroin crops! This is on the record. So why is the U.S. government guardian (of) opium farms in Afghanistan while criminalizing industrial hemp farming in America?
Because Washington is insane, of course. Agricultural policies are set not to help the American farmer, but to centralize power in Washington and either criminalize or financially enslave as many American citizens as possible. It’s all about stripping power away from the People and delivering it to the hands of the few.
Once again, the only man who takes a consistent stand against all this insanity is Rep. Ron Paul. If you support the legalization of hemp farming, the legalization of food freedom and the ending of the ludicrous “war on drugs” and all the millions of innocent people rotting in our prisons today for merely growing and selling a medicinal plant, then your only logical candidate is Ron Paul. [We warned you of this when this Committee was set up. This Committee is a mirror image of the Enabling Act of 1933 by the National Socialist (NAZI) party, that made Adolph Hitler a dictator. This is what is going to happen to the US. It supposedly was set up only to deal with debt reduction under the debt extension and we told (you.XX) it would be used for everything to by-pass Congress. Instead of working on budget deficit they were working on a secret farm bill. Bob]
in reply to: Gold Enters Major Bull Market #5006Gold $1724.80 UP $4.90
Silver $32.41 UP $0.70Silver’s own weakness in the past few days has apparently cast its spell on gold with its lower prices. In order for some price stabilization in both, look for gold to hold above its nearby 50 day average currently residing at about the 1716 area.
The gold stocks are starting to get weak following the breaking below of the slower MACD(12,26,9) Indicator moving average line by the faster one. This indicates that the short term upward momentum has been broken with some gifted time ahead for some to ponder taking new positions or adding to old ones on the usual scale down buy basis. It is expected that the naked shorters again will have no mercy on our markets.
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