Forum Replies Created
- AuthorPosts
- in reply to: Miscellaneous #5133
Tombstone Austerity & The John Brown Moment
in reply to: Gold Enters Major Bull Market #5132REAP
I saw the report from India concerning their cultural beliefs in gold. There is absolutely no way of breaking this trend. Thanks for the thought.
Concerning other mining companies taking an equity interest in the company, being in California is a gigantic negative. On the positive side, if we can gain access to some technology that sees through the quartz and slate to illuminate gold’s hiding places, well, that’s a different story that prospective partners would be quite interested in.
David
I think someday officials won’t have a choice in accepting gold in some form of direct backing but not specifically for the dollar as we know it. It will be a new form of currency that I have been hearing about for years which is the vaults of banks across the country awaiting from the word from above. Power and greed die hard.
Gold $1717.40 DOWN $4.50
Silver $33.54 DOWN $0.18Gold, especially, looks like it’s ready to roll over and drift or spike lower. I would be happy to be wrong. If the $1667 level fails quickly, I can see some panic selling. Aside from subjectively looking at the daily and weekly charts, the worse case scenario could drop the metal into the low $1200’s over a time period, perhaps, of a few months or a matter of weeks. Just fast enough to shake the metals from the inexperienced into the hands of the manipulators and professionals. It’s an old story. Don’t be duped into selling if a tremor hits.
I know this is an extreme thought for most everyone to envision but one must be intuitively creative for survival. It just looks like the right time to flush out the gold market which has to happen from time to time during any bull market. The most important thing, whether it happens or not is, to be mentally prepared and have your own plan in case of a short term flash fire.
The upcoming years will be kind to gold following any scary reaction which will pale in the face of $1000 intermediate advances to follow. The key here is not to get shaken out of your long term precious metal positions.
Although this estimate of gold’s potential to flip over and slide is contrary to some pretty well established people in the industry who remain bullish, I guess WE’LL just have to wait and SEE.
Personally, I have reduced my exposure by 10%.
in reply to: Miscellaneous #5131The MF Global scandal of stealing from the public is now approaching $1.6 billion. Where are our representatives? Who has the money? It seems to point in J.P Morgan’s and Jamie Diamond’s direction. In the midst of this disgracement failing of government, Mr. Jamie Diamond has the gull to say that the banking industry is “over-regulated.” Take Take Take…..Greed gone wild is why the world’s financial structure is “coming apart at the seams” as the politicians remain as complacent as usual.
Our politicians only have to look towards Greece in the up-coming March elections when they all get thrown out of office to grasp the simple fact that they are all expendable at the people’s will.
The following article by Martin Armstrong spells out the MF Global fiasco.
http://www.martinarmstrong.org/files/MF%20Global%20Continues/index.htm
in reply to: Gold Enters Major Bull Market #5130Bluejay, I think you will enjoy this vidio. It is a clip from CBS 60 Minutes.
The clip is a very colorful way of showing that the Bull Market will continue because there are NO BEARS in India.
Also, have you given any thought about a Private Placement of stock with mining companies?
in reply to: Miscellaneous #5129Excellent commentary, Mike.
And still, it begs the parallel question: “Where is the Water Board?” since water is cited as an issue.
The inequitable application of “justice” once again shows its blattant head.
This story is citeable in the record…we should!
in reply to: Clips from Alleghany #5128Our people in Sierra County who
have relatives in Sutter Co.(Yuba City) have told us that Sierra Co.seeks to issue a Pension bond which the PERS wants a lot of interest(variable) to float it.
Umqua Bank features a better deal, it was deternined.
But why couldn’t the ‘Sixteen’ contract with the County to mine and provide funds for the county to avoid the pension bond and mine enough for themselves to pay their back
property tax in the process?in reply to: Clips from Alleghany #5127Our people in Sierra County who
have relatives in Sutter Co.(Yuba City) have told us that Sierra Co.seeks to issue a Pension bond which the PERS wants a lot of interest(variable) to float it.
Umqua Bank features a better deal, it was deternined.
But why couldn’t the ‘Sixteen’ contract with the County to mine and provide funds for the county to avoid the pension bond and mine enough for themselves to pay their back
property tax in the process?in reply to: Clips from Alleghany #5126Our people in Sierra County who
have relatives in Sutter Co.(Yuba City) have told us that Sierra Co.seeks to issue a Pension bond which the PERS wants a lot of interest(variable) to float it.
Umqua Bank features a better deal, it was deternined.
But why couldn’t the ‘Sixteen’ contract with the County to mine and provide funds for the county to avoid the pension bond and mine enough for themselves to pay their back
property tax in the process?
enough goldin reply to: Miscellaneous #5125This story is fraught with questionable statements. The land owner appears as stupid as the phony gold miners on TV, who are working in Alaska. The unidentified authorities in El Dorado seem arrogant in saying this is one of the most blatantly illegal gold mining operations ever seen in California. Another unidentified authority believes the property yields up to three ounces per ton. This is a regulatory hype to gain something (don’t know what) and is a blatantly irresponsible statement for an authority to make. The unidentified nearby resident’s statement of finding “plenty of gold flakes and nuggets weighing up to an ounce” must be related to a point in time. Did this happen in the 1970’s when the modern gold rush began? I doubt that no one is finding plenty of nuggets today or when the landowner lost his mind and began mining. Yes, today even a gravel operation must conform to Surface Mining Reclamation Act regulations if the size of the operation meets the threshold. He screwed up.
I hate to see the press treat this as if Mr. Hardsty (owner) is a gold miner. The mining industry has an uphill battle for educating the public about the benefits of natural resource extraction and its effect on the environment. I would like to ask the chief investigator, who is quoted that “the amount of gold they can pull out of there is astronomical” if he would put his credentials behind those words. Wow, a miner could use his statement to support financing the project (security laws, etc.), provide some blue collar jobs, increase our GDP and create a positive cash flow for the El Dorado community.
Maybe the last line of the story is the meat and potatoes of this whole story. “All the people up here are paranoid about it.” Fear and ignorance continues to run rampant in AP stories like this. If the “people up here” knew about a serious gold mining or gravel classification project coming to their community or more subdivisions, home construction, shopping malls and other city type industries, they may choose to do what a few planners realize. A well-conceived and managed gold mine/gravel plant may be a superior choice to protect the quality of life of California.
My industry finds it difficult to attract AP reporters or other news or story writers to dig into the issues of natural extraction in California’s Sierra Nevada Mountain gold belt. These want-to-be sensational stories are the ones that reach the newspapers, tabloids or internet. Truth, like gold, lies at the bottom.
in reply to: Miscellaneous #5124Here is one of the websites with the story.
http://www.newser.com/story/139397/californian-busted-for-lucrative-ilegal-gold-mine.htmlin reply to: Miscellaneous #5123Today, listening to the news flagship in Sacramento, AM 1530, I caught a glimpse of a story headlined as “gold mine president shut down for opperating without a permit” and fined $990K….and by the time I got to the radio close enough to hear, the story was almost over….by then I wasn’t able to take notes.
No, it wasn’t us.
I didn’t take notes of who or where, but is was someone local on some local river branch…shut down and cited for “opportating an illegal gold mine.”
Did anyone else hear about this? Was it dredging? Was it a hard rock venture?
I’d love to hear the back story and investigation that led to it….Mike? Any clue?
in reply to: Clips from Alleghany #5122A rich cache of historical photographs arrived this week for the Underground Gold Miners Museum thanks to the generosity of a benefactor. We can hope some will find their way to this website. Scoop says “hope” because for almost a month no one has been able to put photographs on the website and nobody seems to know how to solve this problem.
Pictures include pre fires and before automobiles. It’s the horse and buggy days plodding through the snowy narrow street. China town is visible on the north side of Main Street. There are pictures with early cars and trucks. Sometimes the miners are wearing cloth hats underground. Children are marching in parades along with bands playing. Alleghany is an historic place. History making will return when the gold miners are given an opportunity to mine for gold.
in reply to: Miscellaneous #5119The county Sheriff is the law and he must be supported to defend our rights.
Check out more to believe it can be done:
http://www.bobchapman.blogspot.com/
Check out the titled interview: “Ron Paul Will Get Nowhere at this point.”
in reply to: Miscellaneous #5117The little guys are rallying, check out Western Mining Alliance
http://westernminingalliance.org/in reply to: Gold Enters Major Bull Market #5116There is away to to bring back the dollar to the gold standard. This could easily be done as documenting a gold reserve trade document in value based on the gold or slver weight certificate. This the would fluctuate in value by comparing It to the world spot value of gold or silver.
in reply to: Miscellaneous #5114“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
~ Thomas Jefferson ~
in reply to: Miscellaneous #5110Sunday, January 29, 2012
From King World News,
Gerald Celente speaks his mind:http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
in reply to: Miscellaneous #5111Sunday, January 29, 2012
From King World News,
Gerald Celente speaks his mind:http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
in reply to: Gold Enters Major Bull Market #5109Questionable Status To The Dollar Remaining The World’s Reserve Currency.
An excerpt from today’s International Forecaster:
Earlier this week, DEBKAfile published an article that, if true, may be the single most important story of the past year.
The headline reads, “India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned.” Oil and gold
markets must be stunned. The U.S. government must be stunned. Those who believe in the value of the dollar must be stunned. The world’s central bankers and New World Order (both of which are built on fiat currencies) must be stunned.It’s one thing for the nations of the world (to) pay fiat rubles, fiat rupees or fiat Yuan (rather than fiat dollars) for crude oil. Such payments hurt the fiat dollar’s illusory value, but leave the power of fiat currencies and central banks largely untouched.
Paying for crude oil with gold rather than fiat dollars, attacks all fiat currencies and not only threatens to terminate the dollar’s role as World Reserve Currency, but threatens to prevent any new fiat currency from taking its place. From the perspective of the U.S. and New World Order, paying gold for crude oil must be deemed an act of war.
According to the DEBKAfile report,
“India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.”
1 million barrels at $100/barrel = $100 million per day. At current prices, we’re talking almost 60 thousand ounces of gold per day = roughly 2 tons of gold per day. The U.S. and London commodities markets may soon see an increased daily demand for 2 tons of physical gold.
The sale of Iranian oil for gold is a mortal blow to any plans by the globalists to replace the fiat dollar with some other “new and improved” fiat currency.If India and China are allowed to start paying their debts with gold, the next “world reserve currency” could only be gold. No more fiat currencies. No more “spinning money (fiat currency) out of thin air”. No more big governments. No more central bankers.
If an agreement to pay Iran 2 tons a day in gold for oil is allowed to stand, the dollar’s demise will be accelerated and the New World Order will be virtually destroyed.
in reply to: Gold Enters Major Bull Market #5108Gold $1737.30 UP $16.80
Silver $33.99 UP $ 0.52Not a bad day.
in reply to: Miscellaneous #5107January 27, 2012
TORONTO — The Honourable Joe Oliver, Minister of Natural Resources, spoke today to the Economic Club of Canada about the importance of Canada’s natural resource sectors to economic growth and stability. The Minister noted the importance of an efficient regulatory environment to Canada’s ability to attract investment.
An excerpt from that speech:
“The natural resource sectors underpin Canada’s economy. In 2010, the energy, mining and minerals processing, and forest sectors contributed $140 billion to Canada’s gross domestic product. These sectors employed over 760,000 Canadians in communities throughout Canada, including remote and Aboriginal communities. Last year, Ontario’s natural resource industries employed a total of 276,000 people”
Sacramento’s status quo mentality concerning the State’s untapped resources is as stupid as it gets.
in reply to: Clips from Alleghany #5106A lawsuit against the Company was filed by the California Department of Conservation on January 6. 2010. The Company was coerced by threats of Surface Mining Reclamation Act fees, penalties and paying for the expenses of government lawyers of $351,000 and the government’s overwhelming power of litigation to settle the odd lawsuit. The lawsuit came as a surprise to the Company because the governing appointed board over the Department of Conservation’s lawsuit never conducted an administration hearing on the matter. Due process, established in California for airing differences with state agencies was denied the Company. “Maybe it is just a sad reflection of the times,” said Michael Miller, who is responsible for authorizing the settlement.
in reply to: Miscellaneous #5104“The recent incident with Senator Paul being detained by TSA guards who specialize in harassing 6 year old little girls, is just the tip of the iceberg. The American tourist Trade has suffered a loss of $600 billion and should exceed $1 trillion very soon – the entire cost of the Iraq War. So while our Backroom Bureaucratic Dictatorship cannot sleep at night unless a TSA guard looks under your bed at night, they are systematically destroying the economy and world trade. Those 19 guys and a camel accomplished more than taking down the World Trade Center – they discovered the real way to destroy Western economies – unleash the Backroom Bureaucratic Dictatorship and they will take down society faster than Superman.”
Martin Armstrong 1-25-12
in reply to: Gold Enters Major Bull Market #5105Gold $1707.90 UP $41.50
Silver $33.01 UP $ 0.96The World’s rich moved more of their idle money into the precious metals today. A dovish FOMC statement concerning interest rates along with the fact that large oil importers are electing to begin paying for their crude originating in the Mid-East by currencies other than dollars ignited gold while the Dollar Index sold off.
in reply to: Miscellaneous #5103re:
“Gold Still Attracking Investors Despite Recent Declines” – Sacramento Business Journal
STILL ATTRACTING INVESTORS???
Yes, still investing in gold, especially on declines, is the proven way to go.
First, Mike in the article gives us a great deal more smarts than the writer: you have to be careful with mining companies, especially with all the fraud in forcing them lower with naked short selling.
If you desire to be really educated go to and invest some of your precious time at:
1) bobchapman:blogspot.com
2) martinarmstrong.com
3) jsmineset.com
Basing your decisions upon the media is a “real loser.”
What the article doesn’t educate you on is, where the great percentages lie for your future security(or profits) versus your continuing loss of purchasing power along with the continuing debasement of our currency against gold. The story failed to acknowledge the biggest factor is gold’s continuing expected rise and that is China.
I see China currently in the market as buyers for about the next five weeks or so and then they will sell some lower to control its advancing too fast, all within their long term plan of accumulating it in a slow and methodical manner to where it represents 10% of their current official reserves. With available information, China has today in the excess of 1% of gold in their reserves.
Martin Armstrong states that gold closing above $1680.10 this Friday will be important if gold phases out of its current broad resting period and starts a new short term move higher within its continuing bull market or begins weakness.
While Armstrong remains slightly bearish over the short term, I believe the odds of the trend turning higher by passing $1680.10 and closing above it by Friday are slightly better than Martin currently feels based on his studies. I guess we’ll just have to wait for this pivotal weekly period to pass to see if gold goes into a new up phase or surrenders by continuing lower within its current resting period from the above $1900 highs.
in reply to: Miscellaneous #5102World industrial demand for silver could reach a record 665.9 million ounces in 2015 versus 487.4 million in 2010, according to a Gold Fields Mineral Services (GFMS) study for The Silver Institute, released in early April(2011).
in reply to: Miscellaneous #5101This is a grand Forum. Often stellar visionary entries are trumped to the next one to chime in…in this case, mine. Sorry about that…
MIKE!! (And please alert Scoop along the way)…. let’s consider a new Forum format to keep essential news and posts in a parallel area, so that your posts don’t get replaced by the next one to come along. We all want to comment, and it is difficult sometimes knowing that what should be on top of the Forum page disappears and gets replaced.
in reply to: Miscellaneous #5100Regarding how best to keep our state parks going, check topic Empire Strikes Back for another view. One thing we all will agree…keep ’em open and in great condition.
in reply to: EMPIRE STRIKES BACK #5099A recent discussion under Miscellaneous about how the California parks should be managed excited some of my aged brain cells on the subject to reconnect. The question is: Shall our public parks continue to be operated by government or shall they be turned over to private enterprises?
My experiences with the world famous Empire Mine in Grass Valley have helped me decide. If you want background, please read the topic, “Empire Strikes Back”, which began here on October 23, 2004. I am confident that a similar scenario is found throughout the Department of Parks agency (DPR) at other parks threatened with closure. I know that accountability and responsibility behaviors are seriously lacking throughout our public social affairs in both private and government entities, not by everyone but by too few. Following is a letter I wrote to the head of DPR.
My recommendation is for our parks to be managed by the government only if the governor is held accountable for the ineptness of each agency, including DPR, controlled by the Executive Branch of our trilateral democracy (Legislative and Judicial branches). The head of DPR, Ruth Coleman, was appointed by Governor Davis, retained by Governor Schwarzenegger and remains in power by Governor Brown. She is the problem surfacing right now because her two top people were political hacks and unable or unwilling to manage the people under them. Most of the DPR employees I met during the Empire Adit Project seemed scared about keeping their job. Too many were counting down to retirement to “make waves”. California has suffered for their neglect. The elephant in the room is: how do we return accountability and responsibility to California’s bureaucracy?
July 11, 2006
Ruth G. Coleman, Director
Department of Parks and RecreationDear Ruth Coleman,
On several occasions over the past two years, I have written a letter directly to you instead of to Parks or other named Park employees. The time has come again. The issues before us are well beyond the responsibilities of the Project Manager and his immediate superiors, the Project Engineer, the Construction Manager, the Project Electrical Engineer and the Sector Superintendent. The outcome of this project and the decision on how to proceed rests with you and your top administrative employees.
It became absolutely evident to me yesterday that continuing with the electrical part of this project should stop. The plans are ill conceived. We have tried to correct the errors or shortcomings. They do not have a quick fix or can be successfully modified to construct. Morning Glory recommends that all electrical work be stopped immediately. Sadly, everyone may realize this but no one has the position to act except you.
Ron Munson made an observation yesterday that cemented my festering concerns that further work as planned or modified was in the best interest of Parks, the Empire Mine Project or the public or even feasible. Continuing may even be an illegal act. The electrical wires feeding into the mine did not meet State or NEC regulations as drawn. With more effort than should have been necessary to correct the illegal drawings, an alternative was prepared. One large electrical conduit was deleted and the electrical runs were put overhead in separate conduit. Mr. Munson was the first to recognize that the loss of about six inches of head room throughout the length of the adit conflicts with the ADA requirements of headroom. (The rest of us missed this important observation.) This places the project out of State compliance, according to State regulations. (The decrease also affects the proposed passenger car sizing.)
In May ADA headroom was a topic of discussion in the old stope, which connects the adit to the mine shaft. Due to the concern over ground support, additional steel lagging was ordered in this area. State employees voiced the necessity to increase the headroom because of the change order. It has been a laborious activity to accomplish. No one, however, realized that the change order for the electrical conduit also dropped the headroom by six inches, which now is out of compliance with ADA. There is a gross inconsistency in thought, planning and execution resulting from the inadequate electrical plans, and it does not end with this one example.
Why was all this not pointed out sooner as required by the contract? Bits and pieces were which brings me to the realization and necessity of writing you. The electrical project has reached critical mass, whereby proceeding will be very expensive to the State. I hired two of the best electrical professionals as consultants in order to address the electrical deficiencies in the drawings. Chase Engineering is well known in Sacramento as a firm of the highest quality of work. Others have told me that it is the best electrical engineering firm in Sacramento with extensive government experience. Between Chase Engineering and the other consultant, Tom Fasoletti, the expense of fixing the drawing and bringing them into legal compliance has cost $20,000. And this is only the beginning, if we are to do the State’s work of preparing the electrical drawings. Other key issues remain that should have been presented prior to advertising for bid, such as voltages and line loss. Since wood was replaced with steel, construction options changed. The estimate for increased costs to the State by my consultants right now is $325,000 to $400,000. It is not possible to determine the exact cost until Parks makes massive clarifications. It is prudent to evaluate where we are now that the adit is completed before patching a bunch of individual “solutions” together. This project deserves more than this.
Another aspect of the Empire Mine Project that is very important to the public as well as me is the end result of the job. Over eighteen years of interest precede us. Our legacy is what we leave for the public to enjoy. I am convinced that the present electrical concept conflicts with the written objectives that are recorded in the 1990’s reports. Park personnel have raised CEQA as a reason not to change a minor improvement in the plans. I found this disingenuous since I served as a Sierra County Planning Commissioner for twelve years and Chairman for four. We implemented CEQA regularly and became quite familiar with its legalities. With the electrical a very real CEQA concern exists. The electrical system is not minor. By moving the electrical from the floor to the ceiling we have done more than threaten ADA compliance. We have destroyed the mine experience as we did in other areas. This electrical plan reduces the legitimacy of the project. Some Park people refer to this as aesthetics. It is more than aesthetics. It is the only reason for conceiving the project and spending $2 million or more of public money. Please honor my recommendation: none in the non-government sector of society would continue constructing an ill-conceived plan, especially when other options exist. How can Parks?
You should also be informed that very serious differences exist between the Empire Mine sector and the Sacramento office about the project. The project has suffered because of this senseless behavior, one that appears to be well known yet characterized as, “Oh well that is how it is. It has been this way and will continue.” Nonsense. The public does not condone this behavior by government when the public suffers and I do not choose to contribute to it any more with this project. I believe that present electrical construction threatens potential public safety more than the effort and expense we undertook with ground support.
I admit to you that I was a virgin regarding working on a government contract but have expertise in underground construction, safety of employees and the public, historical perspective particular to this project and more. Because of my unbending desire to make the Empire Mine State Park a great addition to California, my crew has worked through many obstacles. I can only hope that somewhere in this letter you will discover the merits and respond accordingly. The State has many good people who are working on this project. I point a finger at no one; however collectively the project has lost all credibility because of some sociological factor foreign to me. The Project must be reviewed and a sensible plan for operating must be prepared before further construction (other than the additional ground support). I have only touched the surface in this letter and remain at your service to review or respond.
Sincerely yours,
Morning Glory Gold Mines by
Michael Meister Millerin reply to: Miscellaneous #5098Leaseing out State parks to private management is a good idea.
The federal government has been doing it for years.
As for the Pension funding only new employees of the state could recieve a new pension plan, as the existing pension system is locked into the present employee benifit plan by law, and they would always be grand fathered in for the benifits they have earned.in reply to: Miscellaneous #5097THE DEBT BUBBLE
“The longer we postpone political-economic reform, the worse the problem is becoming. We are standing on the edge here about to commit suicide. We cannot hunt down everyone for taxes. That will reduce the VELOCITY of money and cause the hoarding of wealth instigating an economic implosion. We must STOP this insane policy of let’s just worry about today with no long-term planning. For unless we address this problem soon, there will be no tomorrow to worry about.
When Rome fell-the Romans were still laughing. As Sinatra’s hit song, Send in the Clowns so poignantly stated, don’t bother-they are already here. This is what the Sovereign Debt Crisis is all about.”
Martin Armstrong
in reply to: Miscellaneous #5092The Water Board is no more than a paper pushing band of administrative goofballs. With our environment under attack by the oil and gas, these guys do little of anything productive but stick it to us to pay their salaries and support their pensions with no intact recognition of intelligence or fair play.
When Jason Burke explained the facts of life to them they just acted stupid and arrogant and got away with it. This is a common theme among the servants of the State of California. These servants at the Board are just environmental racketeers. If their heart and souls were really in protecting the environment they should all get a real job and donate their free time to cleaning up the real offenders, the oil and gas industry of the State. The following linked article clearly states what’s happening to our in-the-round water supplies.
Waste Water(From the oil and gas industry): America’s Hidden 60 Million Barrel A Day Industry
in reply to: Gold Enters Major Bull Market #5091REAP – Thanks for the information.
Gold $1656.30 UP $4.70
Silver $30.48 UP $0.42Gold is continuing to repair suspected damage when it sold under its 200 day average some past weeks ago. In past years each time this happened it was an excellent time to load up on gold as well as a scary time for holders of the metal. Remaining above its current average at 1634.30 only invigorates gold to climb higher.
Silver has been quiet lately but things appear to be changing with its recent improved relative strength against the senior metal. Silver appears ready to push past the 30 level with conviction as it’s in the process of completing a head and shoulders reversal pattern with a neckline at roughly, 30 dollars.
Both Jim Sinclair and Martin Armstrong concur that a new high in gold will be established this year. Jim thinks 2100 while Martin hasn’t yet put a price on it.
Looking out further down the road, Mr. Armstrong believes that the following years of 2013 and 2014 could, overall, be lower as the gold readies for its big push into the heavens beginning in late 2014 to early 2015.Although gold shares are considered by many to be under-valued, the naked shorts are always ready to prey on certain ones that are either low activity explorers or some some of the seniors that fail to meet market expectations.
Regulators continue to look the other way concerning investment banks and hedge funds pulverizing many of the low priced related sector stocks with their potent naked short selling schemes. This is mainly allowed to build up the balance sheets of the major New York City banks at the public’s expense. The bottom line is, the public has and will continue to be bilked. IMO, the only one that can stop this, if elected, is Ron Paul. Otherwise, if someone else gets in, it will be business as usual, regardless of what comes out of their pie holes proceeding elections.
I would venture to guess that billions of dollars have already been stolen from shareholders via the fraud of permitting naked short selling.
in reply to: Miscellaneous #5094Rick knows what he’s talking about in the entry below.
The State’s servants, all of them, don’t have the guts to take a reduced eventual payout on their penions. Ever since the glory days of the go-go dot-coms when the servants all jacked up their pensions, no moves yet have been made for restructuring with the current economy.
THE SERVANTS ARE IN CHARGE WHILE ROME BURNS.
Just received today’s comments from a State Senator over the possible privatizing of our parks. Are these fools going to sell everything, possibly, even to foreign interests to protect their pensions? Jerry Brown took away their State cell phones and we’re still in a mess. Jerty needs to cut into the funding of those lucrative pensions. We hear about what Goldman Sachs did to Greece to cripple it but truth be told, California is in worse shape than Greece as we are just not told about it.
Dear Constituents,
The State has begun the process to privatize our parks!
The State Public Works Board and the California Department of Parks and Recreation want to solicit proposals from private organizations, including for–profits, to operate concessions (campgrounds, food services, etc.) at many of the state parks slated for closure. The proposal would allow for–profit and private organizations to operate concessions at eleven state parks–six in our district (Sugarloaf Ridge State Park, Russian Gulch State Park, Hendy Woods State Park, Westport Union Landing State Park, Austin Creek State Recreation Area and Standish–Hickey State Park) –with very low returns to the state. These agreements would undercut current negotiations with local non–profits to sign agreements to operate many of these parks – agreements that depend on the revenues that concessions would bring.
Not only does this proposal undermine local efforts to keep parks open, it’s questionable if low rents paid to the state will be sufficient to economically sustain our parks. I see these concession agreements as a major step toward privatization of our state parks.
There are two things you can do to stop this ill–conceived proposal:
1. Join me in speaking out against this plan at the State Public Works Board meeting at 10 am, Thursday, January 19 in Sacramento. The meeting will be held in the State Capitol building, Room 3191.
2. Answer this brief survey so that I can share your positions: Click Here for the Survey
Noreen Evans
California State Senator
Second Senatorial Districtin reply to: Miscellaneous #5093If the Water Board were really after environmental results, ask the simple question: how would the water in Kanaka Creek change if their fraudulent attempts actually came to fruition?
The water wouldn’t change, can’t change, and never will change because the Water Board and all their cronies can’t play God well enough to actually affect anything. I’ve repeatedly pointed out, in fact pointed out in front of the California Regional Water Quality Control Board in person, that ambient levels as measured have been consistent long before the Original Sizteen to One Mine ever existed, upstream as well as downstream.
They know this, and refuse to admit it. It is criminal.
Imagine this: we’re paying (as tax-payers) for these A-holes.
in reply to: Gold Enters Major Bull Market #5090Bluejay, here’s some very interesting statistics reported by Price Waterhouse PwC:
Eighty percent of gold company executives expect gold to continue rising in 2012 and a majority says it will peak at $2,000, according to the results of a new survey by PwC.
PwC’s 2012 Gold Price Report surveyed companies representing 26.5 million ounces of gold mined in 2011, and 37.75 million ounces to be mined in 2012.
AND
PwC calculates a total of 544 gold acquisitions were made in 2011 at an approximate value of $11.2 billion. As of November 30th, the M&A volume increased 12.6% from the same period last year but the value dropped by 38.4%.
This M&A activity might suggest that a Private Placement of stock with some mining companies could be a viable way to go.
Ron
in reply to: Miscellaneous #5087New York banks have been stealing from investors but there are and have been champions of the people that are “hot on their heels.” Thank you Martin Armstrong and belatedly, Mark Pittman.
The failure of a prominent U.S. regulator beckons the question, WHY DO YOU ALLOW THIS?
http://www.martinarmstrong.org/files/Judge%20Rakoff/index.htm
http://www.martinarmstrong.org/files/Rakoff%20Part%20II/index.htm
http://www.martinarmstrong.org/files/Rakoff%20Part%20III/index.htm
in reply to: Miscellaneous #5089Visit http://www.jsmineset.com and check out Jim Sinclair’s thoughts on who really owns your gold stocks,
in reply to: Clips from Alleghany #5088This is of bomb-shell development significance to our Constitutional rights!
Its actually possible that my use of the above adjective will encarcerate me into eternity for the threat meant only in prosaic terms. In other words: watch what you say, because it may land you in prison.
Which country am I living in?
The old lethal bad-guy terrorist definition has just morphed into a new potential for authoritarian definition: POLITICAL TERRORISM, (the phrase predicted here first) although Ayn Rand and George Orwell wrote about the concept, now manifesting into reality.
In case anyone thinks I’ve gone “off my rocker” please check back (in a personal sense) to see if I’ve been disappeared in the next couple of years. I’m serious. Once a regime re-defines purpose and combines with the cyber technological ability to parse words and phrases, identify and locate the “offenders” and hence target said potential “threats” to the “good of the country”….we’re screwed.
THE MOST IMPORTANT issue at hand for our freedom at this moment in time is the teeter-totter swing of our courts, and the potential for appointment to the US Supreme Court to be swayed by an opportunistic authoritarian administration hell-bent upon forcing control upon us.
This is why we vote.
in reply to: Miscellaneous #5086Dr. Paul Roberts speaks with Max Keiser concerning 2012:
http://maxkeiser1.blogspot.com/2012/01/paul-craig-roberts-max-keiser-on-edge.html
- AuthorPosts
