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- in reply to: Gold Enters Major Bull Market #4507
Gold $1391.40
Silver $28.78As Nobel Prize-winning economist Robert Mundell, ‘the father of the Euro,’ recently warned, ‘We are living in the worst monetary instability in the last 3,000 years.’ The prospect for precious metals has seldom been more promising.”
in reply to: Miscellaneous #4506Europe has a new emerging freedon fighter in the likes of Niguel Farage. We hope a similiar figure surfaces here in America. To learn of Nigel’s deep passionate convictions towards his fellowmen, his interview with Eric King from kingworldnews.com is linked below.
lishttp://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/12/1_MEP_Nigel_Farage.htmlten to the following interview of him by Eric King of
in reply to: Water and Arsenic: which came first? #4505Needless to say, given what Mike cites below and what I posted in the previous subject topic, of Nasa identifying arsenic as an essential life form for microbial replication:
This is direct scientific grounds to appeal the CRWQCB harassment of the Original Sixteen to One Mine.
The CRWQCB’s citation and contention that the Original Sixteen to One Mine’s proximal existence to naturally occuring arsenic within ambient levels of arsenic in the upstream and downstream waters surrounding the Allegany mining district…is somehow detrimental to life is brought starkly into view.
“Hey CRWQCB….are you ready to debate NASA?”
in reply to: Water and Arsenic: which came first? #4504Toxicologist Edward Calabrese finds that what does not kill you can make you stronger.
“All things are poison and nothing is without poison. It is the dose that makes a thing a poison,” declared the wandering Renaissance physician-surgeon Paracelsus. University of Massachusetts toxicologist Edward Calabrese has a possible amendment to Paracelsus’ dictum: Low doses of poisons may be good for you.
Calabrese speculates that evolution has given our bodies and cells the ability to repair them. Low exposures to toxins stimulate these biological repair mechanisms and lead them to fix the damage caused by the toxin—and even to repair some of the normal background damage as well. In other words, exposure to low levels of toxins provides “a very modest overcompensation to a little damage.”. Hormesis is an effect where a toxic substance acts like a stimulant in small doses.
There is even a forthcoming study that shows that exposure to low levels of arsenic protects against cancer. Calabrese’s arguments are more than just a scientific curiosity. They have political relevance as well. Modern toxicology has generally assumed that there is no safe dose for carcinogens. The regulations based on this belief assume a linear dose/response relationship for toxins—that is, if a lot of something is bad for you, even a little bit is bad for you.
This faith in a linear dose/response relationship has been codified in various federal regulations such as those promulgated by the EPA. The result has been a relentless and costly effort to reduce our exposure to even the smallest quantities of allegedly toxic molecules in the hopes of reducing rates of cancer and birth defects.
“The real significance of the hormetic model in the conflict over threshold versus linear response models is of course that if hormesis could be unequivocally demonstrated as universal then it would establish a bona fide threshold for carcinogenic effects,” writes Calabrese in the journal Mutation Research. “This would immediately discredit the many uses of linearity models to estimate cancer risk.” In other words, it would mean that federal regulations are wasting lots of money trying to solve a non-existent problem—and even stifling possible positive effects.Calabrese believes that is time for the EPA and Food and Drug Administration (FDA) to commission the National Academy of Sciences (NAS) and/or the Institute of Medicine to evaluate hormesis and its application to regulatory science. If the NAS agrees that hormesis is a universal effect, incorporating it into EPA and FDA standards would improve how cancer risk assessment is done and reduce the costs of regulation.
Who knows? Perhaps one day you’ll be popping an arsenic pill to ward off skin cancer.
in reply to: Gold Enters Major Bull Market #4502Gold $1388.30
Silver $28.12The following are comments on gold and silver from Dan Norcini at http://www.jsmineset.com :
Considering the fact that today is the end of the month and that during such times, many markets that have been in uptrends see some price weakness as traders book profits, gold, and silver for that matter, displayed impressive strength as buyers went to work. One can only suspect that December should start off very well for the fans of both metals based on what we saw today as overhead resistance levels were shattered and both markets appear to have broken out of recent consolidation patterns and look poised to move higher.
If that wasn’t enough, Gold priced in terms of the Japanese Yen made a 27 year high at today. When priced in terms of the British Pound and the Euro, it set new lifetime highs respectively. It also is within a few francs of setting a lifetime high in terms of the Swiss Franc.
Clearly unrest regarding the sovereign debt crises of some of the Euro nations is bringing strong demand from the continent into gold and silver for that matter as silver made a new record high when priced in terms of the Euro.
in reply to: Gold Enters Major Bull Market #4501Gold $1362.70
Silver $27.10The fact of the matter is that the knot-heads in Washington along with the biggest knot-head of them all, Ben Bernanke, plus their bankster buddies know not what they do and in the end (as is now for some folks), we will pay a very high price for their abundance of STUPIDITY and GREED.
Got your gold?
The following linked article by a “real” brilliant man, Mr. Martin Armstrong, clearly and sadly spells out a factual and shaking account of HOW IT IS.
http://www.martinarmstrong.org/files/Indirect%20v%20Direct%20Stimulus%2011-21-2010.pdf
in reply to: Miscellaneous #4500The systemic contagion has begun. Do you have your gold?
Hungary Follows Argentina in `Nightmare’ Pension-Fund Ultimatum
By Zoltan Simon – Nov 25, 2010 4:37 AM MT
Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension.
Economy Minister Gyorgy Matolcsy announced the policy yesterday, escalating a government drive to bring 3 trillion forint ($14.6 billion) of privately managed pension assets under state control to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim.
“This is effectively a nationalization of private pension funds,” David Nemeth, an economist at ING Groep NV in Budapest, said in a phone interview. “It’s the nightmare scenario.”
in reply to: Clips from Alleghany #4498Here’s the scoop from Alleghany:
Electric power gone last Saturday and returns Thanksgiving. That is long enough to cause some problems for all residents.
Snow last weekend turns to ice block. Fresh snow on going but the under layer of ice causes problems for snow removal on roads.
Only work last week at the mine was for snow removal on the roads. No one went underground. Some phone lines down.
Over 1,000 unopened e-mails on corporation address. Over 130 on Mike’s. If you wrote either, sorry for the delay in answering.
Other than that, life in Alleghany is grand.
in reply to: Miscellaneous #4497Every new law is a restriction of previous freedom, by definition. Read that again.
Why do new laws need to be passed, every effing day?????
What we are witnessing is a complete melt-down of our sovereinty…our ability to manage ourselves, our freedom to exist without the shackles from Gov’ment a-holes who wake up every morning with the sole purpose to regulate, design, propose, pass new laws every effing day.
STOP!!! We don’t need new laws, every day, every minute, every chance they can.
Has the definition of a Constitutional Representative been so denegrated to now be defined as “someone who can go to Washington and pass new laws?”
STOP PASSING LAWS!!!!!
Yesterday we woke up with yesterday’s laws. Why do we need new ones????
Yes, I know, we don’t. So let’s get those a-holes out of there, ASAP.
in reply to: Miscellaneous #4496Can we hire Mr. Nigel Farage, British politician and leader of the UK Independence Party, to come over here and speak to our knot-heads in Congress?
needs kind to understand culture, where should i go
in reply to: Miscellaneous #4494seen some destruction
[url=http://undercabinettvsite.com/]under cabinet TV[/url]
in reply to: Miscellaneous #4493As Tacitus pointed out in the second century, the more numerous the laws, the more corrupt the state.
in reply to: Miscellaneous #4492Above the law? Not this one.
Jury convicts Tom DeLay in money laundering trial
AUSTIN, Texas – The heavy-handed style that made Tom DeLay one of the nation’s most powerful and feared members of Congress also proved to be his downfall Wednesday when a jury determined he went too far in trying to influence elections, convicting the former House majority leader on two felonies that could send him to prison for decades.
in reply to: Miscellaneous #4491Capitalism, a system of credit and debt that produced 300 years of growth is now dying. The bankers’ debt-based money has created such levels of debt that not even 0% credit can no(any) longer induce growth. In the endgame, the problem is not the lack of credit — it’s the excessive amount of debt. – Darryl Schoon
…sooner or later, too much credit always turns into a giant debit as borrowers crumple under the burden of escalating payments ..Melchior Palyi, economist 1892-1970
The above quotes tell us everything, DEBT. The government facilitates the bankers and the elected officials use us as their power base. In the process we have our wealth detached from us and in the case of the latter, the detachment of our liberties.
Will the majority ever get it? That is the real question. A person can only do so much in a day to unvail these injustices, then go to sleep at night and try, again, tomorrow.
If a person seeks to re-educate himself or herself, I suggest making the two sites below your daily routine:
in reply to: Gold Enters Major Bull Market #4489Gold $1373.70 UP $7.30
Silver $27.35 DOWN $0.58Gold advanced on the reported shooting between the two Koreas. Silver got a one-two punch taking it down to $27.08 in early London trading. Silver is still weak but is trading higher being helped by its big brother.
It was quite apparent this morning that massive naked selling was once again at work in the gold shares. As gold advanced, you could have all the shares that you wanted which kept prices unusually checked. Silver being checked was also a bit unusual with gold advancing.
What are we to surmise today with the contrary action in the gold shares and silver?
Although the metals are in a general resting stage following their recent advances, any strength will be met with aggressive selling by the miscreants until new highs come again. Until that time arrives, when the bull starts lifting his horns again, it will make sense to remain on the defensive.
The HUI, the gold producer unhedged Index of stocks, made a long term breakout above the 515 trouble level on the chart about four weeks ago. The last on the HUI is 547.27. The naked shorters can dump all the paper they want into gold share market to surpress prices but they may be in for a shock when higher earnings expectedly hit the news wires.
The SEC is a criminal organization for permitting the conterfeiting of mining shares. Big money interests in Wall Street have bought and paid for this Commission many times over. These guys will never go to jail as they own the regulators who are paid to look the other way.
Frustrations are growing internationally at the influential control the big banksters have over our lives with their puppets in government orchestrating for them. Check out what the French soccer star, Eric Cantona, is advocating for December the 7th.
in reply to: Miscellaneous #4490Bluejay, yes! Spot on exchange…but how do we awaken the sleeping public?
I’ve been struggling with this forever. All of us aware of the “silent” fog descending upon free-America are screaming from the mountain-top, and yet, the fog advances.
We’ve been swaping perspectives and visions from this base-of-virtue for a while now, and yet when I look around me and see the vacuity blank-looks on people’s faces with: “What? Isn’t his about Hope?”…I am astounded that they are consumed in the fog, and all I say is “Nope.”
We need to enact a strategy.
in reply to: Gold Enters Major Bull Market #4488Check this out. Tired of banks controlling your life? This is an opportunity to show your dissatisfaction.
http://maxkeiser.com/2010/11/17/max-keiser-crash-jp-morgan-buy-silver/
in reply to: Gold Enters Major Bull Market #4487Asian Markets Sunday
Gold $1359.20 UP $5.10
Silver $27.81 UP $0.46Gold is up $1000 an ounce since this topic was created.
During the period the State has taken away management’s focus towards mining and cost the shareholders dearly in checks going to it along with the expenses of defending ourselves over and over again from these tyrants. To say we have been damaged would be an vast understatement.
The last time I checked mining was still considered a major enterprise in our country but in California mining is practically non-existant. We as Californians, along with the mining industry itself, have been beaten down with regulations, all in the real name of stuffing those fat cat pockets in Sacramento with unjustified high salaries and as mentioned earlier, with puffed up pension plans.
Well, State salaries and employment are due to be greatly reduced along with the outrageous entitlement programs. They did it to us and themselves all in the name of GREED. California may never be the same again because of the cupidity of these so-called bureaucrats or as stated by a friend of the mine, by these liberals and socialists.
When these legislators and all their staff along with the useless and unproductive bodies in these so-called regulatory agencies come home someday crying that the State can’t afford them anymore, you won’t catch me feeling sorry for them. They all deserve what is surely coming their way as a result of the State’s $25 billion deficit, growing each day, that they are all responsible for in one form or the other.
The new money in the world today is gold and we still have it in the ground just waiting to be daylighted. Gold and silver are going a lot higher in price as a result of the Fed printing all this new money because their little brains can’t figure out what else to do because their bankster buddies keep telling it to continue sticking it to the people. New money will equal more inflation(hidden tax), sooner or later, with the banks and government being the great benefactors.
Aside from efforts to halt or stall the march to higher prices in the metals, everything will be done to attack them. So when these days occur followed by weakness in the precious metals:
Buy Gold
Buy silver
in reply to: Water and Arsenic: which came first? #4484“The entire ocean life is just loaded with a series of contaminants, most of which have been released by human beings” says Roger Payne, biologist with Ocean Alliance and reported by Arthur Max, Associated Press writer. The study analyzed cells from sperm whales. The report noted high levels of cadmium, aluminum, chromium, lead, silver, mercury and titanium. Payne makes a fairly tight argument that these contaminants are “the single greatest health threat that has ever faced the human species.”
Further research was urged to the whaling commission. If Mr. Payne’s recommendation is to locate and mitigate the introduction of the mineral pollutants, hooray. If all that is wanted is more research of the sea life, boo. Anyone claiming that these mineral elements or chemicals could be “horrific for both whales and man” must place his energy directly to containment of the pollutant and not more research.
I’m not critical of the report or its important discoveries, yet it brings to mind some current misguided demands of people regarding arsenic in the Sierra Nevada Mountains. Of note in the newspaper article is the absence of finding arsenic as a serious contaminate. Normal levels are arsenic have beneficial effects of life. To all interested in the environment: please embrace HORMESIS as an important part of scientific research. Dosage and duration belong in all serious discussions. Grow up and embrace the true scientific approach to complex environmental issues. Precious money continues to be wasted on ideas with little or no benefits. Our venerable company is under attack.
The water permitting blunders committed by carelessness, ignorance or on purpose, (however great the mistakes made), cannot be so great as it would be not to recognize that someone has been in error; however ugly they may be, mistakes become elements in development for future business. The lawsuit filed against Original Sixteen to One Mine for the benefit of the people of California is a mistake. Please write the water agency, your elected representatives or people that will help settle the issue. Blunders were made.
in reply to: Water and Arsenic: which came first? #4486History for public employees began the day they were born. Somehow, they have absolutely no concept of where nor when they became dependent upon the producers.
Sadly, history is also lost to the fools that continue to vote the above-mentioned slugs into office.
I’ll substitute a bunch of explanations and words into this:
Get off our backs, in the name of the Constitution of the United Staes. And when you don’t get off our backs, we will defend it.
in reply to: Miscellaneous #4483The lawmakers in Sacramento have financially destroyed the State.
From today’s International Forecaster, written by Bob Chapman:
Municipal bonds have plummeted in recent days, as investors have suddenly focused on huge state and city budget deficits that there’s no easy way to fix.
Nowhere has this collapse been more visible than California, which faces a massive $25 billion shortfall and red ink for as far as the eye can see.
After years in which every looming financial crisis has been met with a government bailout, you might think that the same solution awaits California, as well as all the other states that have huge obligations that they can’t afford to meet.
But this time that may not happen, says Chris Whalen, a financial industry analyst and Managing Director of Institutional Risk Analytics.
In fact, Whalen thinks that California will default on its debt–hammering all the pension funds and other investors who have loaded up on apparently safe state bonds.
The state won’t immediately default, Whalen says. It will start by issuing the same sort of IOUs that it issued to by itself time during its budget crisis last year. But, eventually, the debts will have to be restructured, and this will result in those who own California’s bonds receiving less than 100 cents on the dollar.
Why won’t California just get a bailout?
Because the Republicans now control Congress, Whalen says. And also because, if California gets bailed out, dozens of other states will immediately line up with their hands out. The public is fed up with bailouts, Whalen says–and eventually, the country will be forced to face up to its bad debts and write them off.
Of course, if Whalen is right, the country could have a major crisis on its hands. California is hardly the only state in trouble (click here to see the worst ones), and pension funds and other “safe” investments that Americans depend on will get hammered if states begin to default.
Fixing state and local obligations will also require the renegotiation of pensions and salaries that government workers have long since taken for granted. And they certainly won’t give those up without a fight.in reply to: Water and Arsenic: which came first? #4485Yes Mike, you are correct.
The part I like best is “we’re here representing the people of California.” Bob Chapman says attorneys in government today were just “C” students in law school. Concerning judges Bob basically said, he never met so many folks in a professional sector before that were so hooked on drugs and alcohol. Does anyone know if state attorneys and judges are required to take drug tests?
It doesn’t take a brain to see what is really going on here with Vendetta II against shareholders: too many State employees sucking off the system with nothing to do while charging struggling companies and State residents for their inflated salaries and supported puffed-up pension plans.
During the Dot.com bubble when State revenues significantly increased they all gave themselves big raises. How about reducing them now, boys? Did you public servants ever hear the State is in big financial trouble? Don’t the State employees read the papers? How about the Central Water Board, don’t they know we don’t run the mill anymore? How could anyone be so stupid and think that someone wouldn’t notice it?
The State needs to be publicly exposed for their tyranny against its own citizens. TrueTV will be contacted next week to see if Jesse Ventura wants to do a story on the conspiracy to bankrupt the owners of the Original Sixteen to One Mine, Inc.
I was in Quebec last month talking to some miners who couldn’t believe what the Water Board and State attorney’s office were up to with the mine. The most prevalent comment was, don’t they know where their revenues come from? Quebec is the most friendly area in the world for mining. Agnico Eagle, the premier mining company has, at least, three of its mines producing gold in the province. Agnico is very environmentally minded as they have proven by cleaning up one of their neighbors past producing mine sites adjacent to their Goldex mine by the city of Val D’Or.
Quebec subsidizes its mines and gives tax credits to those investing capital in the companies. All the miners I conversed with laughed out loud when they heard the State had attempted in vain to put the president and our mine manager in jail for an unfortunate mining accident. Some even jerked their arms up abruptly forward and spoke loudly in French.
Mahatma Gandhi (1869-1948) remarked on outrageous tyrants. He said first they ignore you. Then they laugh at you. Third they then fight you. And fourth, then and only then can you defeat them.(quoted from Martin Arnstrong’s article – The Rising Frustration With The Debt Crisis – November 11, 2010)
Sounds much like how the Water Board has treated Mike over the years, don’t you think?
in reply to: Water and Arsenic: which came first? #4482The following dialog between California’s Deputy Attorney General and a witness in defense of charges alleged by the People of the State of California (filed in Sierra County Superior Court) who was duly sworn to tell the truth, the whole truth and nothing but the truth. The deposition was taken in Sacramento on October 20, 2010.
Question by Deputy Attorney General: Are you presently affiliated in any way with Original Sixteen to One Mine, Incorporated?
I am. I am one of over a thousand shareholders of the company. In 2001, I’d been following the mine’s web site and I saw that they were having problems with the Water Board. And so I requested from the mine office, I said I’ve got some time, I was between projects, I would like them to send me copies of all their water monitoring and a copy of the order sent to the mine.
I read the discharge order. I was shocked. It had so many inconsistencies and so many things that were absolutely not true. If you had read this discharge order you would have thought that the mine was killing fish in the creek. They (water agency staff) had said that the mine discharge represented 30 percent of the water flow into Kanaka Creek. The water flow is minuscule compared to Kanaka Creek.
I reviewed all of their (the company) documents. They all showed one thing, that the flow coming from the mine, both summer and winter, is less than 3 percent, not 30 percent of the creek.
The staff intimated that the creek was no longer suitable for recreational use in that report. If there is any creek in this watershed that I would like to drink water out of, it’s Kanaka Creek. It’s not a degraded creek.
The biggest problem with water that is totally lacking arsenic is it’s going to be probably very high in E. Coli. The EPA studies came out of Taiwan and Bangladesh, but the studies in Bangladesh showed that wells that were absent of arsenic had tremendous bacterial and E.coli problems.
Arsenic is an interesting compound. It’s in water, it’s in the air, it’s in the dirt, it’s in the plants, plants take it up. We’ve evolved with it, and there’s a certain level of arsenic that we probably need to survive.
There’s something called hormesis, and almost all the scientific community knows about it, and that’s what can be toxic at high doses, can be beneficial at low doses. Throughout medicine it’s true with almost any medicine, low dose is beneficial and a high dose a fatal. A low dose of chlorine is beneficial, a high dose is fatal. A low dose, you know, of oxygen is okay. A real high dose can be fatal. The same with water.
They do know what a high dose or arsenic is. Sixty thousand parts per billion is fatal. We used to have a level of 50 parts per billion from 1940 to 2006. The discharge 300 feet down the stream has always met this. I think it represents a purifying factor. They do graze cattle throughout the forest. You get E. coli; you get bad stuff growing.
All of a sudden you come down this remote mountain stream and you get a little shot of arsenic that ultimately gets diluted by the time it hits the Yuba. It’s a beneficial affect to any hiker. The discharge is beneficial to that creek. That creek is vibrant, alive, and the water there that’s coming from the mine comes from up above.
What bother me about it was here there was obviously some hostility between the staff and Mike Miller. It really bothered me that this report was going to the Board, so I got heavily involved, I did a lot of research. I just think that it’s sad that the 35 different regulatory agencies are all coming down on this little guy, because they’ll sink him and we’ll loose it. He’s closed that mill down, and by closing that mill down he’s cut the arsenic release level in half.
Question by Deputy Attorney General: What was it that led you to believe there was this obvious hostility?
By reading the tenor of what the staff were submitting to the Board. They were submitting something that didn’t represent anything that, that they showed any – to me the data was misinterpreted and misrepresented to the Board. And I thought why. The mill hasn’t operated since ’98, and my whole reason for being involved in this is: I think it’s the last really representative thing of our historical past in the state of California. It’s the last deep hard rock mine operating.
Question by Deputy Attorney General: The reports or the information that you described the staff as having submitted to the Board that contained inaccurate statements?
Right. The staff misinterpreted what was actually happening when you looked at the data that the mine had sent to the staff. I sent to the Regional Water Quality Control Board on February 17th of 2002, requesting to be heard at the hearing that they had set up for the Sixteen to One Mine. When they were running the mill almost full time, the discharge from the 21 Tunnel at that time average 1,058 parts per billion, so that the milling operation was a significant contributor to the arsenic in Kanaka Creek.
Question by Deputy Attorney General: Was that the main reason why you wanted me to take a look at those (data brought to the deposition)?
Yeah. It just shows that he’s done everything in his power financially to mitigate what he can.
Question by Deputy Attorney General: Have you ever been employed by Original Sixteen to One Mine, Incorporated in the sense that you were being paid for working for them?
Just the reverse. I volunteered and I’ve also given them money to help them keep operating. I initially gave them $50,000 that they couldn’t repay, and so I converted it to stock. I gave them $25,000 to help them pay their electric bill and other outstanding obligations, and that’s still outstanding.
My Comments To Each of You Readers:
These charges of wrong doing stem from a government staff that failed to exercise its duty to evaluate specific sites in California that may require a waste discharge permit. The language of the regulations and the specific situations present at the Sixteen to One mine fail to meet the requirements for permitting a discharge. What can anyone do when faced with a non-responsive agency?
in reply to: Gold Enters Major Bull Market #4481Gold and silver pushing higher in Asian and London markets.
Gold $1357.30 UP %21.50
Silver $26.51 UP $ 0.86in reply to: Gold Enters Major Bull Market #4478Gold $1331
Silver $25.07Bob Chapman of the International Investor says the big short in these markets is the government. Chapman adds that it doesn’t bother them being heavily short with naked paper sales because if they eventually get boxed in with continuing new highs, it’s just the public’s money in the end.
in reply to: Gold Enters Major Bull Market #4480Gold $1335.60
Silver $25.57The following was released this morning from John Williams from shadowstats.com:
Gold and Silver Highs Adjusted for CPI-U/SGS Inflation. Despite November 9th’s historic high gold price of $1,421.00 per troy ounce (London afternoon fix) and multi-decade high silver price of $28.55 per troy ounce (London fix), gold and silver prices have yet to approach their historic high levels, adjusted for inflation. The earlier all-time high of $850.00 (London afternoon fix, per Kitco.com) of January 21, 1980 would be $2,390 per troy ounce, based on October 2010 CPI-U-adjusted dollars, and would be $7,824 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars (all series not seasonally adjusted).
In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce (London afternoon fix, per silverinstitute.org) has not been hit since, including in terms of inflation-adjusted dollars. Based on October 2010 CPI-U inflation, the 1980 silver price peak would be $139 per troy ounce and would be $455 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars (again, all series not seasonally adjusted).
in reply to: Gold Enters Major Bull Market #4479Gold $1339.00
Silver $25.67From Bob Chapman’s International Forecaster(not the International Investor as erroneously posted last night) this morning:
Monday, just like on Friday,
the Comex again raised margin requirements on silver from $6,700 to $10,000 a contract and on gold from $5,700 to $6,000. That is to allow the shorts to drive both metals down, so the shorts can cover and restrict their losses. It does not get any more blatant than this. Cross-market manipulation.in reply to: Miscellaneous #4477Check out a daily chart of California Municipal Bonds. This is the proof in the pudding that things are just not right, and its financial future is being seriously questioned by the market.
http://stockcharts.com/h-sc/ui?s=PCK&p=D&b=5&g=0&id=p78958660858&listNum=1&a=214327313
in reply to: Miscellaneous #4474Here’s what I found online today: “The EB-5 visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990. This visa provides a method of obtaining a green card for foreign nationals who invest money in the Unites States. To obtain the visa, individuals must invest at least $500,000 creating at least 10 jobs”.
I do know that in the past we had some individuals from Saudi Arabia who were interested in investing in the mine on this program, but it fell through. Perhaps we should look into a way of getting people to “sign up”. There is a large list of companies that already offer this, so I’m not sure how successful it would really be. Nor can I tell from what I saw on the North Bay website whether or not the Ruby Folks actually already have investors or whether they are just requesting investors at this time. Maybe I missed something. Anybody?in reply to: Gold Enters Major Bull Market #4476In the prior contribution re silver dollars, was referring to the Morgan and Peace 90% silver coins.
The follwing is an informative listen, if you can spare the time it’s worth it:
http://bobchapman.blogspot.com/2010/11/bob-chapman-on-sovereign-economist-10.html
in reply to: Gold Enters Major Bull Market #4475Gold $1358.90
Silver $25.53Both metals came under selling pressure today as the Dollar Index rose, closing at 78.68. It appears that Wall Street’s trading houses(the banks) have been buying the dollar as there is far too much negativism in short term for its impending collapase. Too many shorts are in the boat for the moment and these trading concerns thought they would shake it a little for hopeful profits, it may have worked.
As the dollar strengthens it usually makes gold cheaper as was the case today as it’s off about 10 bucks. The Dollar Index may be heading higher in the days ahead, at least, into the 80 to 82 zone on the chart. This type of action would most certainly encourage futher selling of gold, as well as in silver.
A few days back, or so, it was discussed that gold was brushing close up against monthly resistance in the $1440 to $1480 area. At the time the following should have been included concerning silver, silver’s monthly top on its ascending channel line of the chart is in the area from $29 to $30.
Today, at around $25.50 its down about 13 1/2% from the recent high of $29.50. Silver, unlike gold, is quickly disappearing from above-the-ground inventories. In 1942 the Treasury had 3 billion ounces. Today, it has none. For the year 1940, above the ground supplies of silver in the hands of governments were 10 billion ounces. Currently, above the ground silver supplies amount to less than 1 billion ounces.
The current annual world demand for silver is 900 million ounces with only about 480 million of those ounces being supplied by the mines. So it only makes sense to say that, inventories will dwindle further as the years go forward.
Where is the silver going? It is being used up by industry. There are so many growing uses for the metal that it boggles the mind to wonder where the new source will be one day when earth’s below-the-ground resources have been largely depleted. The U.S. Geological Survey estimates that there are just 8.5 to 18 billion ounces left to be mined.
Folks would be surprised what silver is being used for these days. Just research silver uses and be enlightened. When you’re on the Internet search Robert Kiyosaki silver to get the true story concerning silver’s price future. Robert Kiyosaki is a self-made multi-millionaire and who is most probably worth north of the billion dollar mark.
With Christmas closing in on all of us, the best gift, IMO, for a child remains a few silver dollars for his or her stockings.
Just bought some silver dollars at a good price today. If you would like the source in Tacoma, Rae should be able to furnish my e-mail address.
in reply to: How to Approach Thin Veins & Cost #4472Mike, I hope the Company hit some
luck and paydirt on your proposal.in reply to: Miscellaneous #4471Who or what is EB-5 and who can
explain the Ruby Gold project.
Looks to me like an “end around”
attempt to do the inevitable.in reply to: Gold Enters Major Bull Market #4473What is the expected potential for price weakness going forward in gold as the dark forces, apparently, are at it again?
Did they not learn their lesson in 2009 when they were severly beaten, like Napoleon was at Waterloo in 1815, when the $1000 ceiling on gold imploded? With the realistic chances being nil of gold bullion being sold by the IMF or any other country, their going to have to come up with a lot more than jaw-boning futures exchanges to raise margin requirements and continuing their usual media blitz.
To be honest, after following markets for years, especially, following the tracks of the inventive cabal, they always seem to come up with new tricks to flush the gold market. Something has changed this time, from a recent low-point at $1150 in August of this year, strong relentness buying took the metal up to close to $1400 six weeks ago. This type of buying, minus but one small reaction of, maybe, 30 dollars had not been seen since late in 1979 when gold was in the process of doubling during a short period of six weeks, to $850.
So if gold does remain weak next week and beyond during its bull market, we can look for some excellent support around the $1300 level. Below that, the general $1250 area is much stronger.
For folks looking to buy either gold stocks or gold bullion coins, 15% should have already been committed as of last Friday. Going forward, Another 50% should be used for scaling down to the $1300 level. Following that, if gold continues its retreat the remaining funds should be in place for final purchases lower into the general area of $1250.
Disclosure:
I personally trade 5% of our long term position, never the bullion coins. On the day gold hit $1420 certain gold shares were liquidated and beginning Friday, a small portion of the funds were recommitted to two issues. On Saturday a small portion of silver bullion coins were acquired. The balance of the proceeds are awaiting lower prices or possibly, higher prices if gold has a shallow continuing reaction.
in reply to: Miscellaneous #4468What’s going on here? Can we get a piece of the pie, too???
North Bay Resources Inc. (PINKSHEETS: NBRI) (“North Bay” or the “Company”) is pleased to announce that Northern California Regional Center, LLC (“NCRC”), a USCIS-designated Regional Center under the federal EB-5 Program, has agreed to expand its scope to include mining projects in the counties of Sierra and Nevada in Northern California, and together with ACG Consulting, LLC (“ACG”), has agreed to sponsor North Bay’s application to obtain $7.5 million for North Bay’s Ruby Gold Project in Sierra County, California, through the EB-5 Program.
in reply to: Gold Enters Major Bull Market #4470James Turk made the following comments November 11, 2010 while interviewing David Morgan at goldmoney.com:
James Turk:
“Well, my long term view is that by 2013 to 2015 gold is going to be 8,000 $/ounce and if you accept that, as I do, that the ratio(gold to silver) is going to fall and go below 20, even if you take the ratio of 20, 8,000 dollar gold means 400 dollar silver. I think that is a very reasonable target. You know when I first did that forecast of 8,000, back in 2003; there were a couple of aspects to it. One is that in 2003, gold was about 350 $/ounce and it took 10 dollars in 2003 to equal what the purchasing power was of 1 dollar in 1971, so if gold could go from 35 dollars to 800, on an inflation adjusted basis it could go from 350 to 8,000. It is basically saying that history is going to repeat on an inflation adjusted basis. So I don’t think it is unreasonable of a silver price of 400 $/ounce or perhaps even more, if the ratio goes even below 20, because I think 8,000 $/ounce gold is not an unreasonable target by 2013 or 2015. So bottom line, we’re both very very bullish, both on gold and on silver, but particularly bullish on silver.”
David Morgan: “Exactly.”
in reply to: Gold Enters Major Bull Market #4467From the Weekend Edition of the Casey Daily Dispatch:
Given that the combined size of global stock and bond markets is on the order of $120 trillion – with trillions more at risk in faltering dollars and other fiat currencies – it doesn’t take an Einstein to figure out that even a slight additional shift towards the precious metals will send them soaring.
in reply to: Miscellaneous #4469Seems unethical and un-equitable…so, and but, do we want to become beholden to the keepers of the public troughs?
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