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- in reply to: Water and Arsenic: which came first? #4547
LEGAL DEFENSE/OFFENSE PROCEEDS
A Case Management Conference was held in Superior Court in Sierra County yesterday at 1:30pm. On the telephone were Deputy Attorney General Jeff Reusch and Original Sixteen to One attorney, Klaus Kolb. These conferences are required to keep the court informed of progress between the parties. The next one is scheduled for March 25, 2011 at 8:30am.
This conference has been in my mind since the last conference held in September. First, we discussed the California Department of Conservation lawsuit against the company. In September Deputy Reusch and two staff from Sacramento examined the property in Alleghany, took measurements and were to prepare a map of what they observed as “human disturbance”. When the map is prepared, I am to receive a copy to remove areas that do not fall under the Surface Mining And Reclamation Act (SMARA). We have annually reported that no area is subjected to SMARA regulations.
California’s Water Board lawsuit was the next topic. Deputy Reusch said he would file a “summary adjudication “ motion in January. The plaintiff believes that settlement in not an option. Klaus spoke about his attempts to discuss settlement options and said there is some disagreement about the position of the Central Water Board staff. Since I am also named personally as a defendant in the water lawsuit, the Judge asked me if I had comments. Following are my written remarks. I add some spontaneous thoughts during its reading.
“Your Honor, the last appearance we three made in your courtroom resulted in a discussion in your chambers. Mr. Reusch, Klaus Kolb and I were present because of another lawsuit filed on behalf of the People of California initiated by the Department of Conservation. The meeting helped us work together to either reach a settlement or clarify issues, which in the long run will reduce court time. I believe a similar gathering in your chambers may help the opposing parties reach a settlement in this case.
“I recently phoned the Deputy AG and asked for such a meeting. He declined citing his belief and the water agency belief that their case is a slam-dunk. Even if there were interest, legislation forbids any compromise. A serious problem with this belief is the apparent lack of identifying how and most importantly who is driving this action. By ordering a representative from the water agency to come to your chambers accomplishes several things: it streamlines discovery, it identifies accountability, and it identifies responsibilities. While the plaintiff proclaims damages and its inability to talk about compromises due to the “law” or “legislative statutes”, others disagree.
“This lawsuit threatens the very life of defendant, Original Sixteen to One Mine, Inc. Many people are adversely affected right now. The very existence of this lawsuit is causing irreparable damage in that this public company cannot attract working capital to operate.
“A prolonged legal battle is not in defendants’ interest. I must add that is not in the plaintiff’s best interest as well. While the lead agency is the Central Valley Regional Water Board, the lawsuit is initiated on behalf of the People of California. My belief is that the Attorney General of California either does not have adequate information from the water agency staff or he has misinterpreted the data in his possession.”
Unfortunately, the judge denied my request. I wanted to make a record of my repeated attempts to reinstate the policy of due process and avoid a costly and unnecessary trial. This was accomplished. The water agency staff has side stepped due process by filing a lawsuit without setting a public administrative hearing. When all is said and aired, the wrong doer will shift to people who work as public servants in the water agency or even in another public agency.
Mr. Reusch corrected one of my statements. He said his agency never really characterized the concept of mandatory legislation that forbids settlement as a “slam-dunk”. If a battle like this one were not so serious and I had time and money on my side, this would be a whole lot of fun. I doubt that any business operating in California has not had experiences with state agents who failed to exercise their fiduciary duty and responsibility to the people of the great state of California. I have had more than my share.
in reply to: Miscellaneous #4545The biggest scam in government today is of regulation. This gives it the lever to outright steal from companies, not their buddy-buddy bankers and the connected industry giants, but mainly from the populace.
Government today represents a crime syndicate.
The following is the real news:
$2tn debt crisis threatens to bring down 100 US cities.
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery.
Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble
Elena Moya
guardian.co.uk, Monday 20 December 2010 17.58 GMTMore than 100 American cities could go bust next year as the debt crisis that has taken down banks and countries threatens next to spark a municipal meltdown, a leading analyst has warned.
Meredith Whitney, the US research analyst who correctly predicted the global credit crunch, described local and state debt as the biggest problem facing the US economy, and one that could derail its recovery.
“Next to housing this is the single most important issue in the US and certainly the biggest threat to the US economy,” Whitney told the CBS 60 Minutes programme on Sunday night.
“There’s not a doubt on my mind that you will see a spate of municipal bond defaults. You can see fifty to a hundred sizeable defaults – more. This will amount to hundreds of billions of dollars’ worth of defaults.”
New Jersey governor Chris Christie summarised the problem succinctly: “We spent too much on everything. We spent money we didn’t have. We borrowed money just crazily. The credit card’s maxed out, and it’s over. We now have to get to the business of climbing out of the hole. We’ve been digging it for a decade or more. We’ve got to climb now, and a climb is harder.”
More…
(The access to the full story can be obtained from http://www.jsmineset.com)
Got your gold?
in reply to: Water and Arsenic: which came first? #4544Newsletter #53 did not get posted yesterday. Today unlikely due to short office crew.
in reply to: Water and Arsenic: which came first? #4543Company federal and state taxes were filed last week. No money was due as our operation was not profitable. My father never complained about paying an income tax because it meant his work was profitable, which is what a businessman works toward. I concur. The Sixteen to One is a great place to work when the mine is profitable.
Taxes are a vital part of the operation of our country. All Californians (well almost all except some bureaucrats in state, county or federal offices) must be well aware that our state is in epic financial trouble. The major reason is poor cash flow and even poorer cost benefit management from our many public servants. Following is one reason Californians face a “quality-of-life” crisis.
When I went to the Alleghany post office to put postage on the tax forms to the federal IRS and the state board of equalization, I asked Bernice, the postmaster, to weight both envelopes. The federal tax forms weighed in at 3.6 ounces. The California tax forms weighed in at 9.3 ounces. How did this happen and what shall the beneficiaries of California’s governments do about the massive intrusion of paper work they injected into our lives?
I’m not against paying taxes to California’s’ public agencies and servants for reasonable expenses; however, our state lost its long time motto of “fair, just and equitable”. Its management is out of touch and unreasonable in administering its duty. For example; our mine is an underground mine, not a surface mine; gold is money and is not taxable; the water seeping through our property in Alleghany is beyond reasonable control; our ore processing does not produce waste. Yet our company is being taxed or fee driven into poverty.
To gain additional perspective on what is making California “not tick”, please read the recent newsletter to shareholders that you will find under NEWSLETTERS. If you have time, read the earlier letters as well. Unreasonable government intervention against this venerable gold mining company is close to prosecution or extortion. To some extortion has become a fact.
Hmm, postage for completed tax paperwork: federal 3.6 ounces and state 9.3 ounces. Please fix this Governor Elect Jerry Brown.
in reply to: Water and Arsenic: which came first? #4542We need Jesse Ventura from Conspiracy Theory to do a report on the Water Board. Jesse does excellent reporting. Just check out his lates on TrueTV.
in reply to: Water and Arsenic: which came first? #4541What is the “damage” they seek? …and I don’t mean in monitary terms….I mean, what has been damaged?
WHAT has been damaged????
Can they show a comprehensive history of the water in and around the Allegany Mining District, and what about prior to that? Was is damaged before man showed up? Right afterward? Or as soon as $$ made them look?
What grounds do they base their born-yesterday claims upon? When did history start for them, when they were born, or when they were appointed?
Can they show evidence that anything has been harmed? And if so, when did it happen? Did it happen 200 years ago? 2000 years ago? 30 years ago before Mike Miller began mining in the area? Or did it begin when drool began from their chins?
It’s my understanding that actual physical damage has to be proven in order to obtain a summary (or trial) judgement in any lawsuit….what damage? WHAT DAMAGE????
Whoever is behind this, (ahem) do you really want to go into the record as attemptng to steal private assets? Do you really want to go on record as attempting to fabricate evidence, ONCE AGAIN, in the name of a farce?
The only damage I see is the onslaught from the Water Board (what an insult that title is to water, by the way)….an onslaught that has $$$ signs in their heads rather than a rational thought.
in reply to: Gold Enters Major Bull Market #4540Gold $1371.70
Silver $28.85A little concerned with the weakness in gold today? You might not be after reading the few exerpts below from the December 15th article, “Chinese Take-Out(of US economy) by Jim Willie:
The global monetary system is collapsing, led by sovereign debt ruin and amplified monetary expansion that brings no viable solutions anywhere. The major banks are collapsing in insolvency and futile defense of their broken fortresses. Government deficits are spiraling out of control, whose solution in fiscal austerity only makes the economies weaker. The metals exchanges are being systematically drained, even as revealed for the leveraged high risk in fractional methods. They buy and sell paper gold and paper silver without too much benefit of physical, permitting naked short sales by the biggest US and London banks. Their game is being called. The Swiss banks are under critical eye for foot dragging on gold & silver withdrawals from Allocated accounts.
The Chinese have done something remarkable, only to be done if they know the game is over and the victory over fiat paper money is complete. The Chinese have laid out their game plan, their modus operandi, their tactics if not strategy, through an anonymous London broker. Hats off to the King World News for sharing the invaluable information that should encourage even the most timid and reticent investor. The Anglo bankers are stuck!! They are running out of physical metal to sell in a fractional scheme. They cannot afford to pounce too hard on the price, with either naked shorts or higher margin requirements. Doing so only plays into the Chinese hands, which are grabbing all the bullion available. So the challenge is for the Anglo bankers to control the pace of the demise of the Gold & Silver metal market. This is game over. In these times of monetary hyper-inflation, called euphemistically Quantitative Easing among gentlemen, the prospects for a double and triple in the Gold & Silver price is utterly obvious.
in reply to: Risk Management Strategies #4533Please go to NEWS on this web site for an interesting newspaper article published on December 13, 2010 in The Union.
It was a surprise to see this article in the semi local newspaper (Grass Valley). I’ve talked with the publisher/editor, Jeff, over the years. When he was typing on his computer while in his office, he must have been writing down my words. Hmm, I’d better be careful what all I say about gold mining to him in future conversations. To his credit, he got my sentiments right. Hope you enjoy his article.
in reply to: Gold Enters Major Bull Market #4539Sorry for the entra entries but tonight for some reason, the keyboard is somewhat sensitive and appears to have a mind of its own.
The feeling is apparent that bear forces are attempting to take gold lower, led by aggressive pressuring each time silver nears and breaks the 30 level. Aside from this, gold remains firmly entrenched in its bull market.
It’s no secret from viewing the gold chart that an effort has been in the works since early October from preventing the metal from establishing itself above 1400. What’s happening now is the bears are hoping to destroy a short term ascending trendline at 1376. Also, they have their eyes on invalidating another support area, this one from an established ascending 50 day moving average line at 1368.12.
This is just how the bear mind works, always looking for opportunities to erode confidence in the gold market by hacking away at perceived areas of support to create their little panic sell-offs.
In this case, their trick plan is to crush these two levels and hold prices below with more selling if gold tries to push back through them. Will their plan work?
Lower down there is support at the 1346 to 1350 area from a line extended through two recent bottoms(1320 and 1330).
Jim Sinclair states 1650 is coming in January. With a last of 1381.70 the big push, for him to be right, will have to start soon. If Mr. Sinclair is right, Mr Martin Armstrong’s prediction of $5000 comes into play. Mr. Armstrong stated, once the top of the ascending monthly channel line is bettered just below 1500 then its up, up, up and away.
Will PacMan eat the shorts in the coming days or not? Stay tuned.
in reply to: Gold Enters Major Bull Market #4538in reply to: Gold Enters Major Bull Market #4537Gold $1380.80
Silver $29.01in reply to: Stock exchange listing #4532John, why did you write this post on the Sixteen to One FORUM?
in reply to: Risk Management Strategies #4536I have worked in the Alleghany district for over 35 years. Less than half the gold on the 16:1 Mine property has been mined.
in reply to: Risk Management Strategies #4535One-way to send article to others: print article, scan it, transfer to desktop or my documents, and attach to e-mail.
Someone else chime in with an easier way. There must be a better way, Lone Wolf Geologist. Hope someone else shows the way. Is there any gold left in the Sixteen to One or have the “old-timers” mined it all?
in reply to: Risk Management Strategies #4534How can you e-mail this article to friends?
in reply to: Stock exchange listing #4531Penny Stocks bring high returns on investment. That is why people who know the value of these stocks invest their money in certain shares of stock. Actually, instead of investing a huge amount of money to a single share of stock, investing in a multiple stocks is better. Whenever possible, investing in solid stocks increases the chance to get profits.
http://www.ninjapennystocks.com/in reply to: Gold Enters Major Bull Market #4530Gold $1400.30 UP $5.80
Silver $29.73 UP $0.18If you like silver, this an opportunity.
Currently you can purchase pre-1964 silver coins for under silver content value, not to mention the 10% copper in each coin. Lately, copper has been hot and is over $4 a pound.
At the following website they are offering half dollars, quarters and dimes at about $27.50 for their silver content with silver’s last of $29.73.
http://prostores4.megawebservers.com/madeyourday16_com/-strse-Special-Offers/Categories.bok
I have dealt with these folks before with no hitches. All purchases are shipped free of charge with no sales tax from the State of Washington.
I’m going for more tonight.
in reply to: Miscellaneous #4529Bluejay is spot-on. Please read his post below, as this is relative to that.
At the bottom, Bluejay shows us the elephant in the room, and is bold enough to say it. There is a blattant attempt to re-fund the broke California government’s economy (NOTE: not the economy in general, their BOOKS) by seizing private assets through state-sponsered corruption, harassment, politically motivated lawsuits and thug-pressure; and it is all being supported by a corrupt judicial system. THIS IS SERIOUS and no longer just speculation.
The Original Sixteen to One Mine is a convenient target, since the powers in the state government already know that a corrupt bench is in place, aka the previous CDAA crap.
They are forging ahead, figuring no-one will stop them. All my comments (on the Which-came-first topic) regarding the fact that suing this company will do nothing more than shut it down, is the direct evidence. Make them prove what they are charging the mine with is something they won’t do.
They know $millions won’t do crap to change anything in the watercourses up in the Allegany district. They also know that the mine has no money…so putting everything together, we can only arrive at one conclusion: THEY ARE BANKING ON A CORRUPT JUDICIAL OUTCOME.
One way of stopping them is to of course publically expose their motives…but best to put in place a motion in advance (in legal-ease there must be a term for it…lawyers please help out here) that will mandate that if a judgement is corruptly rendered in the A-hole’s favor, that they must adhere to the constraints they are insisting upon. Since they won’t be able to, they will have no grounds to procede.
In other words, prove the specious nature of their actions. Even the State of California can’t change geology.
in reply to: Miscellaneous #4528The question for California is, how much longer can lawmakers keep kicking the can down the road until they have to face reality? There will become a day when the life will be choked out of their ability to continue borrowing to save their precious little jobs.
When debt can no longer be serviced the State will be on its way to imploding requiring massive layoffs foreseen in 2011, just to start. Did these overpaid incompetents along with their overzealous regulatory bodies stacked with their friends ever think that their absorbitant incomes and benefits from sucking the financial blood out of the companies and citizens of California would ever end?
Of course not! They just wanted the money party to go on forever. Well, now they’re going to get what they deserve while forcing citizens to pay along with them. These people are clearly the real terrorists and they should justifiably be looking over their shoulders when California is ultimately forced into bankruptcy with severe deflation and depression to follow.
The worst investment for a person to hold or imagine buying into is California Municipal bonds. If a person has a financial death wish, this is for you.
In the end, unservicable debt will be the match that lights the fire, BANKRUPTCY. A new system or a new currency, historically speaking, will require a gold backing to get started again. Is there any wonder that the State is licking their chops at the thought of stealing the gold assets from the shareholders of the Original Sixteen to One Mine, Inc.?
Their plan has been in effect for a while now. Attacking owners of gold assets in the State is part of it. Closing down the waterways to gold sluicing was another. This is on-going confiscation with stopping others from getting their hands on the gold with more for them later.
It seems that there’s someone with a little smarts behind the curtain in Sacramento that has figured this all out: Gold has to be in the final equation to pull California out of the cinders following its expected financial bust or even, Washington’s. Who knows, will things get so bad that States break away in groups and form their own regions or countries? If this happens, California’s in the ground gold becomes that more important for its future rebuilders.
Think it can’t happen? Think real hard again. Expanding debt has aleady passed the point of no return. The only real question that remains
is, when will the implosion take place and how SEVERE will it be.Got your gold?
in reply to: Miscellaneous #4525Where are we headed?
Below are comments from Doug Casey and a few from Richard Russell on the second day of the Casey’s Gold and Resource Summit held in Carlsbad on October 3, 2010.
After talks by Bud Conrad and Eric Sprott, it was almost comic relief to hear Doug Casey speak on “Stupidity, Evil and the Decline of the U.S.”
Doug began by making a distinction between America, which came into being as a wonderful, liberating idea, and the United States, which is just another country – formerly known as the land of the free. But now there are regulations on everything. So much so that, as Doug puts it, “everything not obligatory is prohibited.”
To help make the point visually, and to the enormous delight of the attendees, Doug calmly extracted a cigarette from his pocket and lit up. In public! You can guess whether anyone dared tell him to put it out.
He boiled the serious side to his presentation down to this: Planet America is being circled by the twin moons of evil and stupidity and neither is conducive to healthy politics or economics.
The reasons for such a state of affairs are threefold, in Doug’s opinion:
1. We’ve lost our philosophical anchor. We no longer exhibit courage and initiative, nor are capable of producing more than we consume.
2. Concurrently, we’ve developed a reflexive belief in the power of government to solve all our problems.
3. Fear is the driving emotion among our middle class, which is shrinking, desperate to hang onto what it still has, and prey for any demagogue who comes along and speaks in the right kind of code.There is no quick fix for this.
But the market cares nothing for fixes, quick or otherwise. It imposes consequences on the actions people take. Party for decades like there’s no tomorrow and there will be a hangover when tomorrow finally comes, as it must.
Just ask another investment legend, Richard Russell, who also spoke today. Richard began publishing his top-ranked newsletter in 1958. Since then, he’s seen it all. And he described our collective tomorrow with a single word: austerity.
“Get used to it,” Richard advised. ”And if you want to survive it, get some gold.”
in reply to: Gold Enters Major Bull Market #4527Gold $1387.60
Silver $ 28.76Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.
in reply to: Gold Enters Major Bull Market #4526Gold $1387.60
Silver $ 28.76Below is a linked chart from stockcharts.com depicting the recent weakness of gold against silver, basically saying, silver had been the place to be for folks seeking maximum protection against the general meltdown of public confidence in their governments.
in reply to: Water and Arsenic: which came first? #4521Answer to question below: arsenic.
It is probable that all the elements comprising the planet earth arrive at the same geologic time. Some made water. Some made carrots and some made humans.
in reply to: Miscellaneous #4524From the Drudge Report, government bonds take a big hit:
In addition, it is being circulated that some of our own States are in worse shape than some of weakest countries in the European Union. Is there any wonder that the incompetents who got us into this mess from Sacramento, acting behind the curtain, now have plans in the makes to steal money from some of the State’s financially strapped companies with assets?
Lower bond prices mean higher interest rates the next time the failing State’s have to come to the market for more funds, just to pay the interest due on their prior issued municipals. This merry-go-round of debt and more debt has to stop sometime. California is coming for your money. Is it any shock to you that 100,000 people a week leave the US for other countries?
It is a fact that 5% of the hundred million people that live in Mexico are Americans and Canadians.
The growing ranks of regulatory agencies in California are ruining the lives of fellow Californians. There should be an independent International tribunal organized to try the government in Sacramento for financial terrorist crimes against the law-abiding citizens of California.
http://www.ft.com/cms/s/0/e550f996-0304-11e0-bb1e-00144feabdc0.html#axzz17Zo3dNGI
in reply to: Water and Arsenic: which came first? #4523These people are not doing this because of arsenic in the water,it’s about money and revenge.
My check is on it’s way,am talking to others and faxing Mr. Millers letter to others who might be able to help.
Try to talk to some of the other miners in California and Nevada and see if they might be willing to help for a piece of the pie.Talk to Sutter,Atna,New Gold or one of the many miners in Nevada if they will front some money for say 10% of production for ten years.
These lowlifes who just take and take will soon have no one left to take from.
I wish you all the best of luck fighting these thugs,wish I could send more.
Rockin reply to: Water and Arsenic: which came first? #4522Dr. Savage told of a creature in
Mono Lake that thrives on arsenic
and selineum, from the area or water. Both are in the periodic
table of elements, I’m told.
Mono Lake is also like another
Dead Sea.in reply to: Water and Arsenic: which came first? #4517Sunday I heard there is a recent
study on arsenic. May be some
medical people have determined
that the human body requires some
amounts of arsenic to be able to
function,ie body cells depend on
portions of arsenic or the sys-
tem can’t function. This arsenic
blowup could be a fraud like
global warming. I don’t recall
the source of the info. It may
have been Dr.Oz or Dr. Rosenfeld.in reply to: Water and Arsenic: which came first? #4520Curious: nobody has ever answered the question posed in this Topic header.
Which came first? Arsenic or water?
in reply to: Gold Enters Major Bull Market #4519From Jim Sinclair at http://www.jsmineset.com:
In the News
Posted: Dec 06 2010 By: Jim Sinclair Post Edited: December 6, 2010 at 10:43 pmFiled under: In The News
My Dear Friends,
Gold is clearly on its way to $1,650 and beyond. I have told you for many years that there was no PRACTICAL solution to the problems created by OTC derivative manufacturers and distributors namely our beloved “banksters.”
By practical I meant a solution that itself would not cause more dislocations than the problem to which it was applied already has. Now you see political realities both in taxation and quantitative easing.
Friends, there is no practical way out of this problem – none. We are going to inflate and spend as the entire Western world financial/political managers again try to kick the can further down the road.
No further proof is required.
Regards,
Jim
in reply to: Gold Enters Major Bull Market #4518Gold $1398.10 OFF $26.50
Silver $28.51 OGG $ 1.57Government carpet bombing of gold and silver today has sent both metals lower. This is no less than a scare tactic. It wouldn’t surprise close followers of these markets if the disinformation dial gets abruptly turned up to support these shenanigans.
Can you imagine, selling crate loads of paper contracts(??) trying to make people believe they are just as good as the real thing? What a joke! Just try and take delivery and the Comex boys do everything to dissaude you. Just ask Mike. He had an associate that went through the Comex meat grinder when he wanted his gold. The Comex boys, basically, told him to go stick-it. What a joke!
What we’re probably witnessing today is a scared and freightened Fed and Treasury shooting the messenger that is telling us, these guys don’t know what they’re doing.
in reply to: Water and Arsenic: which came first? #4516Today I received an important letter from the Original Sixteen to One Mine, written from Mike Miller, an appeal to all of us to contribute to the absolute necessity of maintaining our freedom. This is a crucial cornerstone and I will help as much as I can.
For about 12 years now I’ve been writing here considering the absolute sham being leveled against this free enterprise company. It is a travesty that simply due to the nature of the busines…mining…that OAu has been selectively targeted. Now is a critical time to read all the postings here, all relative to the legal procedings that no doubt will prevail.
Since truth is the only thing I need to remember, I know it works every time. I willingly stand up for this mine.
Okay. Today’s essential thought regarding the legal challenge regarding ambient arsenic occurence in the Allegany Mining District, ambient levels in Kanaka Creek as well:
“What possible environmental mitigation does the CRWQCB plan, if it actually secures millions of dollars in damages?” …incidentally, for nothing….
Is the CRWQCB actually planning on spending the wish-list $$$-winnings to change the natural occurence of ambient levels of arsenic in the entire Sierra Nevada, let alone upstream from the Sixteen to One Mine?
Think this through….there is no plan. It’s EXTORTION!
in reply to: Water and Arsenic: which came first? #4515Considering the Sierra summit devide that separates the California eastern watershed from the western watershed, we see the stark difference in the terrain….
While the western side of the divide is a gradual decline in elevation with streams flowing through geologic arsenic deposits (such as in the Allegany District), in contrast the eastern side drainages show a stark difference, plunging from aproximately 14K'(tops) to the elevated Owens Valley floor. Not much water flows from the summit eastward; not as much distance is covered; and yet….arsenic concentrations are found on the eastern side.
And this begs the question…..simply because more watersheds drain westward than eastward:
Why is it that the westward draining watercourses that encounter ambient arsenic (arsenopyrite)are being targeted to political and economic distruction while the eastern side drainages (Mono Lake Basin, arsenic laden as well) become meccas for life research?
in reply to: Gold Enters Major Bull Market #4514Gold $1410.90 OFF $3.60
Ben Bernanke has just finished speaking on 60 Minutes back East. For us on the West Coast the buffoon will be coming on TV in a few hours.
Ben has, probably, by himself destroyed more of our wealth with all of his free hand-outs to his Lords, the international bankers, than any other person in the World’s history. If anyone believes anything that comes out of his forked tongued mouth, you are in dire need of some serious education.
in reply to: Water and Arsenic: which came first? #4510Then if Mono Lake is what you
say then the Dead Sea in Israel
might be examined also.in reply to: Water and Arsenic: which came first? #4513Let’s not lose track. This isn’t about where the arsenic science is happening, it’s about the significance.
I guess I’ll continue to put this on the top of the Forum page.
How about this: let’s measure the interest in the significance of this by seeing who actually chimes in with substantive comment relative to the fight that’s been happening for ten years now.
in reply to: Gold Enters Major Bull Market #4511The following are comments by James Turk who has been correct in his gold and silver predictions, many times. His comments were aired on kingworldnews.com with Eric King hosting last week.
“The market in silver is very tight, it hasn’t loosened up at all. The takedown we discussed in a previous interview that was an attempt to shake out strong hands in the silver market did not work. We actually had an increase in demand into that decline.
We may test support one more time, but there is enough of a base that has been built, it is strong enough to launch it. So you don’t need one more dip. The next upleg will begin with a break above $30 on silver and that should take place in short order.
The gold/silver ratio is once again below 50, that is a bullish indicator. When we take out the low of 48.70, silver should be trading above the previous high of roughly $29.30. Silver would then be leading which I really like to see.”
Gold also appears ready to launch, despite pulling back to even on the day. What are your thoughts on gold?
“Gold is taking a little longer to develop because it had several days of trading above $1,400, so some short-term resistance built up there. But I like what the gold chart is doing, it is creating enough of a base to power through that minor resistance level.
The bottom line is that I expect silver to take out its high, to be followed by gold hitting new highs a day or two later. It is important that gold confirms the new high in silver so that both metals are trading in synch with each other in new high territory.
By the way Eric, I like very much what the gold stocks are doing here today. We are seeing some real strength which suggests higher prices in not only the mining stocks, but also in the precious metals as well.
What we should see is the XAU which has already confirmed, followed by a confirmation of new highs on the HUI as well. You know my view has been that the new bull market in the mining stocks began when the XAU made a new high above 206 back in October.
Just to be clear, going forward we should expect extremely bullish activity in the mining shares.”
The comments at the end by Turk remind me of Jim Sinclair’s statement that people should hold on to their book (positions) right now. In secular bull markets, it is a huge mistake to lose your position. At the same time it is very difficult for individuals to hold on all the way to the mania. As Richard Russell often says, “Very few human beings are able to hold for the duration of a bull market.”
in reply to: Water and Arsenic: which came first? #4508CONGRATULATIONS TO RICK for his leading edge report on our FORUM of the information releases by NASA. Its relevance to the Sixteen to One mine is the unnecessary, questionable and criminal (yes criminal) portrayal of the demands made to our company by the Central Valley Regional Water agents to conduct 1440 tests per year. This has cost us plenty. The damages are in the millions to our shareholders.
I was interested to learn more and did some research this morning. Below are excerpts from various newspapers that edited the original NASA report.
(1) The discovery is about “cracking open the door and finding that what we think are fixed constants of life are not,” said Wolfe-Simon.
(2) The structural similarity between arsenic and phosphorus is so great – the two elements are in the same column of the periodic table – that arsenic can substitute for phosphorus in some biochemical reactions.
(3) Phosphorus is a central component of the energy-carrying molecule in all cells (adenosine triphosphate) and also the phospholipids that form all cell membranes. Arsenic, which is chemically similar to phosphorus, is poisonous for most life on Earth. Arsenic disrupts metabolic pathways because chemically it behaves similarly to phosphate.
(4) The team chose to explore Mono Lake because of its unusual chemistry, especially its high salinity, high alkalinity, and high levels of arsenic. This chemistry is in part a result of MonoLake’s isolation from its sources of fresh water for 50 years
(5) The microbe does grow better on phosphorous, but showing that it can live with arsenic instead raises the possibility that a life form using arsenic could occur naturally, either elsewhere on Earth or on another planet or moon where arsenic is more common.
(6) Arsenic was more common in the early times on Earth, she said, so researchers have speculated that early life forms might have used it.
(7) The organism’s existence suggests life on Earth has an unappreciated flexibility, experts said, and could have evolved from a wider array of building blocks than previously thought – not only here, but elsewhere in the universe.
The next two excerpts demonstrate how easily it is too educate by omission (misinform by omission or lead the sheep). First excerpt is the report carried by several newspapers (the staff writer chooses his or her relevant information for the article). The second is the report as released by NASA.
(A) Mono Lake is a promising place to look for unconventional chemistry. One of several lakes on the western edge of the arid Great Basin near Yosemite National Park, the lake catches runoff from the volcanic Sierra Nevada mountains. A closed basin lake, its concentration of arsenic is about six times higher than the maximum allowable limit for drinking water
(B) The lake receives runoff from the Sierra Nevada mountains, which have relatively high concentrations of arsenic. When the water arrives at Mono Lake, it has nowhere to go because there are no rivers carrying water farther downstream. That means the arsenic, and other elements and compounds, can concentrate to unusually high levels. Arsenic is present in Mono Lake at a concentration 700 times greater than what the EPA considers safe.
Do you see the subtle misleading language?
in reply to: Gold Enters Major Bull Market #4509Gold $1414.50
Silver $29.38Something is seriously wrong in the world with derivatives and debt and gold is yelling loudly to be prepared.
From http://www.jsmineset.com:
Jim Sinclair’s Commentary
You know what respect I have for Martin Armstrong as a broad market trend timer.
He is simply the best in modern times. Yes, he is a tad self-destructive but that does not detract from his genius. I have known MartinArmstrong since the late 60s and have yet to see him seriously wrong.
In Martin Armstrong’s last writing he said the following about gold. His history of accuracy demands that we all listen carefully to him, myself included.
“I have given a number for gold $5,000 that is very conservative. If we take U.S. gold reserves at 252 million ounces and we divide that amount into the national debt of 14 trillion that yields a staggering amount of $53,639 per ounce. Even taking the world official gold reserves divided into the US debt of 14 trillion we still get $15,873 per ounce.”
This makes my eight year price objective of $1,650 in January of 2011 look pitifully on the low side. Assuming Armstrong is right (as he has been for 40 years), the shorts of gold and gold shares are going to be destroyed.
in reply to: Water and Arsenic: which came first? #4503This is no joke. At 11am today NASA announced the discovery of a bacterium (from Mono Lake) that doesn’t use phosphorous to support a DNA chain…instead, it uses ARSENIC to replicate.
Please reference:
Released by Dwayne Brown, NASA Headquarters at dwayne.c.brown@nasa.gov and by Cathy Weseby, Amse Research Center, Moffett Field at cathy.welesby@nasa.gov
“NASA Funded Research Discovers Life Built With Toxic Chemical”
Dec. 02, 2010
Dwayne Brown
Headquarters, Washington
202-358-1726
dwayne.c.brown@nasa.govCathy Weselby
Ames Research Center, Moffett Field, Calif.
650-604-2791
cathy.weselby@nasa.govRELEASE: 10-320
NASA-FUNDED RESEARCH DISCOVERS LIFE BUILT WITH TOXIC CHEMICAL
WASHINGTON — NASA-funded astrobiology research has changed the
fundamental knowledge about what comprises all known life on Earth.Researchers conducting tests in the harsh environment of Mono Lake in
California have discovered the first known microorganism on Earth
able to thrive and reproduce using the toxic chemical arsenic. The
microorganism substitutes arsenic for phosphorus in its cell
components.“The definition of life has just expanded,” said Ed Weiler, NASA’s
associate administrator for the Science Mission Directorate at the
agency’s Headquarters in Washington. “As we pursue our efforts to
seek signs of life in the solar system, we have to think more
broadly, more diversely and consider life as we do not know it.”This finding of an alternative biochemistry makeup will alter biology
textbooks and expand the scope of the search for life beyond Earth.
The research is published in this week’s edition of Science Express.Carbon, hydrogen, nitrogen, oxygen, phosphorus and sulfur are the six
basic building blocks of all known forms of life on Earth. Phosphorus
is part of the chemical backbone of DNA and RNA, the structures that
carry genetic instructions for life, and is considered an essential
element for all living cells.Phosphorus is a central component of the energy-carrying molecule in
all cells (adenosine triphosphate) and also the phospholipids that
form all cell membranes. Arsenic, which is chemically similar to
phosphorus, is poisonous for most life on Earth. Arsenic disrupts
metabolic pathways because chemically it behaves similarly to
phosphate.“We know that some microbes can breathe arsenic, but what we’ve found
is a microbe doing something new — building parts of itself out of
arsenic,” said Felisa Wolfe-Simon, a NASA astrobiology research
fellow in residence at the U.S. Geological Survey in Menlo Park,
Calif., and the research team’s lead scientist. “If something here on
Earth can do something so unexpected, what else can life do that we
haven’t seen yet?”The newly discovered microbe, strain GFAJ-1, is a member of a common
group of bacteria, the Gammaproteobacteria. In the laboratory, the
researchers successfully grew microbes from the lake on a diet that
was very lean on phosphorus, but included generous helpings of
arsenic. When researchers removed the phosphorus and replaced it with
arsenic the microbes continued to grow. Subsequent analyses indicated
that the arsenic was being used to produce the building blocks of new
GFAJ-1 cells.The key issue the researchers investigated was when the microbe was
grown on arsenic did the arsenic actually became incorporated into
the organisms’ vital biochemical machinery, such as DNA, proteins and
the cell membranes. A variety of sophisticated laboratory techniques
were used to determine where the arsenic was incorporated.The team chose to explore Mono Lake because of its unusual chemistry,
especially its high salinity, high alkalinity, and high levels of
arsenic. This chemistry is in part a result of Mono Lake’s isolation
from its sources of fresh water for 50 years.The results of this study will inform ongoing research in many areas,
including the study of Earth’s evolution, organic chemistry,
biogeochemical cycles, disease mitigation and Earth system research.
These findings also will open up new frontiers in microbiology and
other areas of research.“The idea of alternative biochemistries for life is common in science
fiction,” said Carl Pilcher, director of the NASA Astrobiology
Institute at the agency’s Ames Research Center in Moffett Field,
Calif. “Until now a life form using arsenic as a building block was
only theoretical, but now we know such life exists in Mono Lake.”The research team included scientists from the U.S. Geological Survey,
Arizona State University in Tempe, Ariz., Lawrence Livermore National
Laboratory in Livermore, Calif., Duquesne University in Pittsburgh
and the Stanford Synchrotron Radiation Lightsource in Menlo Park.NASA’s Astrobiology Program in Washington contributed funding for the
research through its Exobiology and Evolutionary Biology program and
the NASA Astrobiology Institute. NASA’s Astrobiology Program supports
research into the origin, evolution, distribution and future of life
on Earth.For more information about the finding and a complete list of
researchers, visit:-end-
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