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- in reply to: Two-headed Front #3844
Below is an excerpt from a Tanzanian Royalty(TRE-ASE) report further down:
Here’s a name of a Chinese company that could have an interest in joining with us in the search for more prized high grade gold discoveries, Beijing Songshanheli Mining Investment Company.
“In his capacity as the most senior political officer of Tanzanian Royalty, Mr. Kahama was responsible for introducing the corporation to The People’s Republic of China. The company’s Mining Option and Royalty Agreement with the Beijing Songshanheli Mining Investment Company signed in February 2009 was greatly a product of his efforts.”
in reply to: Gold Enters Major Bull Market #3843Interesting to see gold price increasing when DJI is up $61.59 and PX is up $9.05. I never really understood those financial pundits who claimed that these markets worked in opposition to each other.
Gold remains the loose cannon in international and domestic finances.
in reply to: Gold Enters Major Bull Market #3842Last on gold is $1002.70.
For what it’s worth, below is the link to the late December 2008 WSJ article on the prediction of a US split-up:
in reply to: Gold Enters Major Bull Market #3848last on gold is $1001.00.
Barrick announces plan to eliminate gold hedges.
In an agreement with a syndicate of underwriters Barrick will sell 81.2 million shares representing an amount of $3 billion at $36.55 a share. $1.9 billion of the amount will be used for retiring its hedge positions.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=MW&date=20090908&id=10372575
Isn’t it interesting that Barrick has NOW decided to cover the last of their shorts. I remember years ago when Jim Sinclair ran a full page add in a major newspaper warning producers that they should cover their hedges when gold was significantly lower.
Hmmm…I wonder how how much money Barrick’s management has cost its shareholders by ignoring that “free” advice from a man who basically called the gold top in 1980.
in reply to: Gold Enters Major Bull Market #3841Last on gold is $994.40.
Increasing level of insanity in government, it’s not just California.
Lyndon LaRouche made the following comments in late August 2009 for Executive Intelligence Review in a article entiled, America Must Reject Obama’s Sellout of the Nation by John Hoefle:
“In reappointing ‘Bailout’ Ben, Obama is committing himself to the continuing collapse of the dollar and the removal of the dollar as the world reserve currency.” LaRouche said, “These moves will quickly and inevitably lead to the complete breakdown of the global monetary system, and civilization itself. The Fed is already bankrupt, due to the actions of Greenspan and Bernanke, and must immediately be put into bankruptcy protection. We should stop all the bailout programs, take back the bailout money already issued, and put the banks into bankruptcy protection. Without such steps, we face a complete disintegration of the system within weeks.”
The complete article:
http://www.larouchepub.com/other/2009/3634bernanke_usa_pays.html
in reply to: Two-headed Front #3840There are hundreds upon hundreds of creeks and other waterways clearly present on the many topographical maps of California. It certainly makes one wonder why the State jackasses require so much from us when there is no change in the composition of running water in Kanaka Creek from one boundry of our property/claim lines to the next.
America is waking up to corrupt and/or silly ways of administering the people’s will by their elected officials, officials that are soon to be out of work and on food stamps.
The following are some independent thoughts from a Texan who has clear sight as events unfold before his very eyes. If anyone doesn’t believe that Texas is a growing hot spot for resistance as our rights get trampled by politicians they just have to tune in to Alex Jones from Austin or Charley Jones from Dallas to see that these guys mean business.
Mrsoul, your perspective from abroad [Switzerland?] seems to be the preferred one according to those on this forum, and I have $10K that will wager Obama will not last beyond 4 years, if that. His approval rating has dropped from 65% to 45% for a reason, and from my perspective it is really about public distrust of his administration’s all out progressive power grab for the transforming of America through an orchestrated economic destruction by the the elite who control the radical left.
And yes, the Bushs’ were grass snakes as well. Poppa Bush’s father, Preston, was a German banker who helped fund fascist Hitler into power after the orchestrated Weimer Republic hyperinflation of 1921-1923 as paper money became totally worthless….ring any bells? Nothing really changes as power, envy and greed turn the cyclical wheels of time. Few live long enough to experience previous money clensings, and that is precisely why they can reoccur.
By the way, Van Jones, one of Obama’s first appointed and closest czars, has just last night resigned his Green Czar position after it was exopsed that he is a self espoused communist and signed on as a “9-11 truther” in 2002, claiming the U.S. govt helped to enable the 9-11 attacks. The press has barely reported this event. There are at least 5 other czars with radical left pasts, so the fun has barely started. Now I ask you why Obama would personally appoint these czars who can by bypass congressional process? These are the poeple he has chosen to enrich his ear in the White House. I respectfully submit that there is such mind blowing stuff going on with these power agendas, that health carre reform is simply one of many diversionary side shows.
Yes, Congress has been lobbied to corrupt excess, but they are now getting it big time from the awakening sheoples for spending this country into oblivion. This has been BOTH a Republican AND Democrat agenda. Yes, Medicare, Social Security, FDIC, Fannie and Freddie, and most banks are technically busted, but as long as Bernanke and the Fed can bid on their own treasury auctions and impose quantitative easing, the Ponzi scheme can go longer, but it will collapse with THIS administration.
There are throngs who will gather and protest next week, and the great majority never attended a political rally before 2009. Now how can that be? What might they see and feel from within that others dismiss because of donkeys and elephants and cicles and hammers and who knows what else. My country and its founding Constitution is being undermined, and only the light of exposure will stop this.
There are 2 men in this world who know more about history, physics, ploitics and culture than any others I have read over the last 30 years…Martin Armstrong and Lyndon LaRouche. How ironic that both ended up imprisoned on trumped up charges because simply they knew too much and could not be corrupted by arms of government. Armstrong has clearly defined the Eco. Confidence Cycle [public distrust of govt] pointed down initially into May-June of 2011 [$1700-2750 gold], on to Sept 2016 at $3500-5000 gold, then a final confidence plunge into Jan. 2020.
Others like Chris Story, with a large intelligence network, are close to the chaotic greed that propells all this nonsense, but the details are sensational to the point of almost being non-believable and certainly difficult to grasp. I am but a passenger on this planet…a free thinker willing to share. And Mrsoul, you and I are not so different in that we both CARE. That is more than ample common ground……peace, pic.
in reply to: Two-headed Front #3839These jerks are broke,they see you have a three million dollar gold collection and they think that the courts will give it to them.
Kanaka creek is not navigable buy the States own definition so it should be dismissed right off the bat.It just makes me sick to see are State sink this low,how do they expect the Great State of California to ever recover if they keep going after the people who produce wealth and employment.Sooner or later their will not be any money left for them to steal and they will be on food stamps like everyone else.Problem with that is most of these people are little more then animals and when animals get cornered they attack anything close enough to bite.Just like the last case it will get thrown out,do not counter sue.
Just one more year and we the people are going to vote some of these people out of office and they know it.
If this is all they come up with Mike they have nothing and when it’s over and gold is $1,200 a ounce the mine will have to turn away investors.in reply to: Two-headed Front #3838I guess I must be one of the nasty doers as well, for I am not easily intimidated by folks with an evil agenda.
I see this whole conspiracy as a form of taxation without representation to steal our valuable assets by financially choking us while big brother keeps printing more and more money which, soon enough, will start up the fires of inflation once again while they and all their paid cohorts continue to wage war on gold.
Why in the heck is the Water Board calling us a shell company? Sounds to me like they are drawing at straws. We are a gold exploration company, according to the SEC. Is this obstreperous organization now representing the SEC or just for their own selfish interests based upon orders from their keepers?
I suggest we contact GATA and ask for assistance. Maybe, Mike needs to contact Fox News and see if he can get an audience with them for, obviously, a noteworthy news story.
Or better yet, contact the Chinese Embassy and let these guys know we are open for the business in seeking venture partners. They would love to get rid of some of their unwanted dollars for a possible equity interest. That
works for me.A good idea would be setting up a special day in paying honor and respect the efforts of all the Chinese workers that helped develop our famous goldfields.
Another thought: I don’t have time to properly quote a specific person from Russia who predicted that the US will eventually break-up into separate countries but if this does happen, where will the gold come from to establish the backing of a new currency??
Will it come from the streams? Will it come from reactivated mining operations? You tell me, where will it come from?
Is this their plan, slowly transfer ownership to the State of past producing properties by squeezing them now on environmental issues?Just look what the big bankers did, did they create a crisis just to pick some fruit for themselves via the takeover of the Bear Stearns’ and Lehman’s customers when King Paulson closed them down? Who benefitted? Who will eventually benefit from shutting down the gas powered sluices in the rivers and by forcing current owners of past gold producers to shutter over more attacks based on just pure fantasy?
in reply to: Two-headed Front #3837Sorry about misspelling your Name
in reply to: Two-headed Front #3836Hello Micheal,
I recommend, council from the Pacific Legal Foundation, and net working with Mining associations. To defend your position.
I believe your rights should be grand fathered into your mine as these subsequent environmental laws are alleged to be involved were made post establishment of your mine.in reply to: Two-headed Front #3835For six years this topic, Two-headed Front waited for another entry. It was never merged into the Miscellaneous Topic, another topics or deleted. It waited because of its powerful entries, written by some people who still participate in the public discussions we share. I don’t know why, but this morning I reread the nine entries by five interested participants (starting at the first entry on 04/11/2002) and thought, “You have something to say today and have wondered where to put it. Why not this Two-headed Front topic that has warranted its place to remain as one of the limited topics?”
Two-headed Front: right or wrong; fair or unjust; legal or illegal; responsible behavior or irresponsible behavior; we verses they; us verses them; fight or flight. Maybe the other four writers or others will voice their comments to the concept of a Two-headed Front.
Here’s the latest about real gold mining in California. On behalf of the People of the State of California, the California Regional Water Quality Control Board, Central Valley Region (CRWQCB) notified the California Attorney General (CAG) that it wanted to file a very comprehensive lawsuit against our mining company for about $3 million dollars in alleged damages, civil penalties and injunctive and other equitable relief. Just for the sport of it the CAG tossed in my name as a co-defendant. The case, NO 7019 was filed in Superior Court in Downieville on May 01, 2009, and served in July. We answered the complaint on August 20, 2009 and denied culpability. There are five causes of action.
Does this sound familiar? One can suggest a pattern. When the California District Attorney Association, lied to the Sierra County Grand Jury to get an indictment for murder against the Company, its mine manager and its president all interest in significant investments to development our property ceased. How will significant investors in advancing California’s greatest high-grade gold district view this specious claim for $3 million react to this news? Anyone care to guess? What timing!
Why were so many requests by the Company to issue a permit that fits the specifics of the mine operation ignored? Why did the CRWQCB ignore a hearing to air out the obvious difference in interpreting the regulation by its staff and the professional miners? Why did CAG take on and write such a specious lawsuit? Could all those people who have been telling me over the past decade that there are people who want this mine to close be correct?
If you are not outraged by past events that have happened to this small mine and Company, you may want to take an interest today. The CAG wants to ignore the corporate security laws that have served America well for a long time. If a corporate president is personally responsible for being responsible and protecting its shareholders (owners) against unwarranted attacks, all 350 million American citizens should know that this is the new direction of America. Plenty of laws exist to hammer foul play by corporate officers and directors (which I certainly support). The Sixteen to One has no guilt in this case (nor do I) and it would not take much of a due diligence review by CAG to agree.
The CRWQCB told the CAG that unidentified additional defendants are also pretty nasty. It alleges that Original Sixteen to One Mine, Inc is a “mere shell” and that other nasty does are using “the corporate entity merely as a shield against liability.” Wow, the CAG must believe it also. It has a fiduciary responsibility to the people of this state and to the legal requirements set forth in California’s codes and the California State Bar Association. Our corporation is almost 100 years old and has survived to become the oldest American public corporation operating in America. It did not accomplish this through illegal activities. (I wonder if CDAA wants to come back to Sierra County, lie to the grand jury and seek criminal charges again.)
One issue is monitoring the water or the lack thereof. I’m not going into details. CRWQCB wanted 1,440 annual tests at a cost of over $25,000. The mine tested the water for twenty years and the results are very predictable, depending of the season and weather. It requested a review by staff to lower the requirements. Yes, by necessity many of the tests were not complete. BUT, where was the environmental harm?
Well, CRWQCB told our elected Attorney General and his staff of lawyers that a serious public nuisance has occurred because the mine limited testing the water and discharged waste and pollutants into the “navigable” Kanaka Creek. How many readers are familiar with Kanaka Creek, a designated intermittent creek that goes underground in many places plus has a water diversion dam downstream from the mine. Also the stated discharge is naturally occurring elements that pre-exist the present waterways by 130 million years or so. Does the CAG have accountability to the court? To the people? To the mine? I hope so and that all of them will be held accountable for the assertions made in this lawsuit.
What does CRWQCB want? It wants money. Upon research it appears that this agency is funded from fees it charges and penalties it collects. All of this is conducted “in the best interest of the public”, you and me and those hard working blue collar miners who so desperately want to go back to work, earn a living and buy some new shoes for the kids and a pizza for the night. Anyone interested?
Klaus Kolb has professionally (means integrity and more) committed to help again. He knows the mine does not have the funds to wage an environmental fight against the stupidity of these allegations and the willful misappropriation of the intent of the legislature, who passed laws regarding water quality in California. Hey, let’s kill off all the productive workers. Let’s lean into the producers of materials useful to society. Let’s put them all out of business by enacting impossible conditions to operate and then sending them a bill for service. Let’s do it because we care so much and have such a superior grasp of nature than the farmers, loggers, miners or other providers of physical goods living in and working in rural California.
Let it be known that rural America is under attack again by white collar folks sitting in air conditioned offices in Sacramento or San Francisco, maybe even as far away as Washington D.C. Take a position. Help stop another nail into the greatnesses of America. Make freedom ring. Do it for yourself. Do it for future generations. Do it for a great gold mine in California. Do it for the miners and their families. Do it for me or do it for George.
in reply to: Gold Enters Major Bull Market #3834Last on gold is $994.60.
Don’t believe the following excerpt, China wants its gold on Chinese soil for another very good reason: Big Wall Street banks are ruining all markets with their flood of paper products and China has had enough.
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — Hong Kong is pulling all its physical gold holdings from depositories in London, transferring them to a high-security depository newly built at the city’s airport, in a move that won praise from local traders Thursday.The facility, industry professionals said, would support Hong Kong’s emergence as a Swiss-style trading hub for bullion and would lessen London’s status as a key settlement-and-storage center.
in reply to: Gold Enters Major Bull Market #3833Gold having a great day.
Last sale is $996.20
in reply to: Gold Enters Major Bull Market #3832Last on gold is $981.70.
Significant news from China.
GOLD ANALYSIS
THUNDER ROAD AGAIN
China pushes silver and gold investment to the masses
A report suggests that the Chinese government is pushing the general public into buying gold and silver bullion, which could have a dramatic effect on the markets.Author: Lawrence Williams
Posted: Thursday , 03 Sep 2009LONDON –
We are indebted again to Paul Mylchreest’s Thunder Road Report for news that will bring big smiles to gold and silver investors everywhere. Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!
The report notes that China’s Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying ” China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in.”
What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity. This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled. Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.
Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London – and no doubt delivered elsewhere in the world too – commented that some employees at the company’s gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector. To an extent we put this down at the time to mining company hype – but this seems to be exactly the same phenomenon noted by Thunder Road. The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world’s biggest gold market. And one suspects that the potential for gold purchasing by individuals is only in its earliest stages. As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.
Paul ends the piece on Chinese gold and silver potential with the following comment: “Simply put, the Chinese government is trying to trigger a national gold craze…and it’s working. The Chinese public now has gold trading platforms on steroids…. …Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold’ card. I can’t even get Bank of America to open a foreign currency account.”
This may be an overstatement of the case from a precious metals bull – or it may not! Certainly if China is indeed pushing the public to buy gold then there may well be a hidden agenda here. It’s unlikely they are doing it and will suddenly pull the rug out from under millions of investors. A cynic (or a raging gold bull) would suggest that this will precede a move to switch a good proportion of the country’s reserves into gold which would have a huge effect on the global gold price and could prove disastrous for the dollar. Maybe it’s not in China’s interests to drive the dollar down too much until it has managed to divest itself of the huge dollar overhang (see the article on Chinese Sovereign Wealth Funds we published yesterday – Chinese sovereign wealth fund dumping dollars for strategic investments like gold ). The country may well already be, of course, surreptitiously building its gold reserves without reporting the build-up.
If the Chinese are indeed beginning to buy gold and silver as the quoted report suggests then this has to be a strong signal that prices are going to rise, and perhaps rise dramatically, in the relatively near future. We await comment from other China watchers for confirmation of the gold and silver buying spree, but with global gold production at best flat and probably in decline, even a small increase in Chinese buying could have a substantial impact on gold and silver prices.
in reply to: Gold Enters Major Bull Market #3831Unlike most small gold companies, ours stays in business, paid dividends, expands its mineral claims and develops its properties by mining gold (small companies since the 1970’s usually sell stock, thereby diluting the shareholders). For several years our inventory assets) has been the source to pay the bills.
In addition to the variety of gold specimens, art pieces and jewelry in inventory, we occasionally pour gold dore from saw dust and gold crumbs. Dore is a natural unrefined product, which until a few years ago was sold to a refinery in Los Angeles. A local market took an interest in the dore and swallowed our modest supply. The supply may increase as the need for money continues and we crush specimens.
The thought hit me today, after reading the latest report from Bluejay , that some of you may like some dore. It sells at the spot price at the time of the order. We pour one to three ounce “buttons” marked with the date, weight and 16-1. (Dore is about .85 pure gold and .15 pure silver.) If no gold exists at the time of your order, you will be on a pre order list (chronologically) and called to confirm size and lock in a price before pouring a “button” for you. Credit cards accepted. Shipping and insurance not included.
Many people have asked about the mine bars we made between 1993 and 1998. The manufacturing cost presented some problems to some buyers, but the mini bars were made as fine jewelry. There were three sizes: quarter ounce, half ounce and one ounce. If you are interested in seeing these again, please write me with your thoughts on the subject.
in reply to: Gold Enters Major Bull Market #3830Last on gold is $979.50.
The move on gold today is closely associated with the following article from Jim Sinclair.
Dear Comrades In Golden Arms,
All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved.
–Sun TzuReported Chinese actions to unilaterally cancel OTC derivative loss debts held by state corporations whereby they purchased hedge contracts written by major American OTC derivative manufacturers and distributors is legally a unilateral novation. A novation declares an item to be invalid. Invalid means not valid. A contract which is not valid infers a form of a fraudulent contract.
Actions by the Chinese tend to follow and can be understood by learning the tenets of the teachings of Sun Tzu.
Had the West acted exactly this way rather than financing them to pay the winners when the hedge fund, Long-Term Capital, failed on OTC derivatives, there would have been financial problems but this event today would only be a modest recession and not a catastrophic depression.
MOPE(government BS) has blacked this event out while titanic pressure is being brought on the US to fall into line and pay off the winners in New York.
What happened here will pave the road of the future.
This is the most important economic event since the fall or shove into bankruptcy of Lehman.
Few understand.
in reply to: From the Sixteen to One Archives #3829My own personal archive:
Just before the CDAA assault, I’d been helping assess the highgrade potential within the mill-rock, so that the quality specimens wouldn’t be crushed and would be preserved, as all high-grade rock brought to the surface was being assessed.
Somehow I’m writing an entry under “Archives”…. while this super activity was ongoing at the mine, only a few years ago.
How far in the past is an archive? Relatively speaking, this was yesterday. The team was bringing major-big gold to the surface, and I was simply helping to identify a few missed ones.
The mine was so successful at this time in our “now”-past, that it boggles the mind…this was happening and then the crap shut it down.
Is an archive a “past” accounting of history? I know it’s a “now” accounting of real potential….as the potential today as it was 150 years ago. I saw the gold in the rocks. Awesome.
in reply to: From the Sixteen to One Archives #3828When the Company decided to sell its own gold collection to raise much needed working capital last year, I wrote the following descriptions for some of the pieces for the producer of the catalog to use as he felt fit. He used none.
The collection did not gain the attention it deserved. As one shareholder said at the 2008 annual meeting, “Lets hope that someone realizes what this collection will mean twenty or fifty years from today. People will say thanks for preserving it.”
I just stumbled across my comments about the collection and decided that maybe, just maybe some hearty soul’s curiosity will be stirred into action to keep the carvings in tact.Comments of collection:
March 2008Imagine carving a block of glass only this glass is composed of different elements with different harnesses. This block is natural quartz, the geological home of lode gold. The carvers’ troubles continue because the material will crumble under the grinding wheel without warning, thereby undoing hours of planning and tooling. It does not help matters that his material, formed 135 million years ago, is layered, faulted and went through the miners’ drilling and blasting. “It’s like a car hitting bumps in the road or an ice skater hitting a patch of sand,” says carver Buddy Miller. Buddy created both the Sesquicentennial Series and Saturday Life of the Miner Series.
Francis Musser who was the first lapidary to carve the quartz and gold felt other initial concerns. He just was unable to put the quartz rock in his saw. Francis created the trilogy of The Bear, The Eagle and The Trout (or call it the Fish). “I had never carved quartz with gold and never had seen it carved before. Mike gave me this large rock that contained $60,000 of gold and said, “Go make a carving’. It took me weeks before I had the nerve to clamp it in the saw and make my first cut.”
Ron Martinez approaches his quartz and gold specimen in another way. Ron loves to work small. His carvings are of natural things, leaves, shells and freeform design. “I avoid the hard rock/soft metal problem by simply letting the gold dictate where I carve: anywhere except where there is gold!”
Martin Butler, the youngest of the carvers, is a metal smith by trade. His unconventional beliefs about artistic creation told him to make his own tools for the Dragon and Two Hearts carvings. He shunned all power tools, spending countless hours grinding his masterpieces by hand. The result is a very tactile experience when his carvings are dropped into your hands.
1. #005, 006, 007 are in the Sesquicentennial Series. It is called Discovery (1848).
2. #002, 003m 004 are in the Sesquicentennial Series. The two carvings are called “ the Rush” (1849).
3. #001 is in the Sesquicentennial Series. It is called Statehood (1850).
4. # 008, 009, 010, 013 are in the Saturday Life of the Miner Series. If he was lucky, he took a bath once a week or once a month. Details include the pile of cloths, his golden toe prominently displayed and the ore car. He still wears his beloved hard hat, probably lite with carbide gas.
5. # 014, 015, 016 and 017 are in the Saturday Life of the Miner Series. The rugged grizzly-faced miners are rejoicing around a mound of gold. Even without the stimulation of gold, the men would join together in song and dance. During the gold rush and beyond men outnumbered women by thousands to one. Yet the joy of a dance persisted. The dress and physical appearance, the detail and of course the ever present hard hat deserve close attention.
6 # 011 and 012. The Phoenix is a symbol of immortality: a grand example of the matchless beauty of nature’s birthplace of gold.
7. #018, 019, 020 and 021. “A Rare Beauty”. With only the respect and admiration for the sight of a woman, this gold miner approaches a woman resting deep in thought. He brings a bouquet of fresh roses, gently reaches out to touch her hair. She is unaware of his presence but accepts his honorable intentions towards her for she realized how lost and lonely most of the miners feel in the untamed west.
8. #022, 023, 024, and 025. “The Jug Band”. The music livens the campsite; but the two dogs hear only noise. One howls and the other lies down and covers its ears. Note the detail in this six piece series, including what the miners are sitting on. The Jug Band elicits smiles. You can almost hear their music.
9. #026, 027 and 028. “The Law”. Lawyers and mining history are recounted in the early years of the American Western gold rush. The weight of the law book crushes the miner, bending but not breaking his neck. The city hat and miner’s hard hat represent an ongoing struggle between the producer and the regulator, the blue collar and the white collar.
10. #029, 030 and 032. “one of the most strikingly colored trout in the world”
at both the state and federal level have attempted to protect and preserve this beautiful native fish various means including:
1. designating the California golden trout has the State Fish of California in 1947;
2. creating the 300,000 acre Golden Trout Wilderness in 1978;
3. including the California golden trout on the U.S. Fish and Wildlife Service’s Endangered Species List candidate list as a category 2 species in 1991; and, most recently, by
4. adding the California Golden Trout to the Forest Services Sensitive Species List.11. #032, 033, 034,and 035. Found throughout the Northern Hemisphere, the Golden Eagle is common in western North America, but rare in the East. It is one of the largest birds of prey in North America; only the Bald Eagle and California Condor get larger.
The Golden Eagle is the national emblem of Mexico.12. #036, 037, 038, and 039. Francis Musser’s first carving is the Bear. Every view and every angle of this remarkable creature is inspiring. Featured on the 1995 annual report, the Bear please young and old.
13. #040 and 041. The Dragon. It seems that every dragon has its own personality just as each of the earth’s elements has its own energy. Perhaps by its size or the richness of the polished gold, the Dragon seems to pulsate when it is dropped into your hands.
14. # 042 and 043. Fred, we called this Two Hearts or Hearts on a Foot or Two Hearts on a Foot. This is another really fun piece. I tell people to close their eyes and hold out their hand and tell me what they are holding. Men or women stutter because it feels like a couple of balls, the ones we have. Maybe this is too risqué for the catalog but on the other hand….
15, # 044. A hand carved precious box of ebony wood with a large cabochone of quartz and gold on the cover.Fred, I’m stopping now. Don’t even know if any of this is appropriate but we are here to educate the rich and adventuresome. You said they want “bragging rights”, well this collection will give them a bunch. MMM
in reply to: Gold Enters Major Bull Market #3825Gold closed the weekend at $955.60
Antal Fekete writes another informative article relating to gold:
in reply to: Gold Enters Major Bull Market #3824Gold closed the weekend at $955.60
Antal Fekete writes another informative article relating to gold:
in reply to: Gold Enters Major Bull Market #3823cw3343
We’re in a bad economy for the use of gold in selling luxury items and in purchasing gold for industrial applications. The World Gold Council, FYI, does not support gold 100%. The headline of your referenced Bloomberg story was, as is usual of the media, to deceive the public with their inferred questionable merits of gold ownership.
Last on gold is $944.00.
The following are excerpts from a recent article entitled, US Dollar Analysis -Sea Change Coming by Stewart Thomson which appeared on the goldseek.com website recently:
20. If the Dow rally fails and takes out the lows at Dow 6500, I will be a buyer of any and all price weakness as it chews into new low territory. In terms of the public, I believe that will mark “the end” for this generation of retail investors. Their pipedreams of the stock market as their personal “long term wealth builder” will be 100% destroyed. Mentally and emotionally broken, they will begin a complete and total liquidation of their holdings.
21. Here is another critical point: As the above occurs, the only question is whether the bankers want to see the carcass of money from the stk mkt then flow into the bond market first, and then to gold, or immediately from the stock mkt into the gold market. To move gold to say $1500-$3000, money from the stock market would easily do that. But a US dollar currency wipeout could see money flowing from paper currencies into gold on a mass scale, which would send gold to levels like $10,000, and perhaps much higher. Using the same calculations Jim Sinclair used to put a $900 target on gold in the 1970s now yields a possible target in excess of $30,000 an ounce for gold.
22. President Obama, Tim Geithner, and Ben Bernanke are all committed to sustained money printing and dilution of the US dollar. The key word there is “sustained”. All the chess pieces are in place for a massive revaluation of gold upwards against not only the US dollar, but against all the world’s paper currencies. Just as the central banks worked together to stick the taxpayer with trillions in worthless otc derivatives, they will the stick the taxpayer with US dollars just in time for them to watch it decline heavily.
in reply to: Gold Enters Major Bull Market #3822My motive was just to solicit clarification, or information regarding the “news” item.
I was not trying to make a point about gold going higher or lower, but looking for the readers/contributers here to share thoughts and/or information.
There is so much mis-information out there that I figured you all could shed more light on that topic. Or, clarify it’s legimitacy (or lack therof).
I should have put that in writing- my bad…
If anything, my guess is that it would be bullish on gold, beings that the price has held up pretty good during a period of low demand. (If the article is correct). If demand picks up just a little, then prices should pick up as well…
in reply to: Gold Enters Major Bull Market #3820More of a reason for gold ownership.
Days Away From Economic Chaos?
in response to Re: Next week’s US data stream by ESL
posted on Aug 22, 09 05:59PM
Some highlights from Bill Sardi’s revealing article………………..Days Away From Economic Chaos?
America is just a few days away from a possible day of reckoning. I again call attention to this day, August 25, when the Federal Deposit Insurance Corporation issues its 2nd Quarter report for 2009 on the state of health of American banks………………………
The FDIC is required by law to maintain a reserve ratio, or balance divided by insured deposits, of 1.15 percent. It was at 0.27 percent as of March 31. It could be near zero at the current moment. (See 1st Quarter FDIC reserve ratio chart below)………….
Hiding losses
Banks have been slow to foreclose, allowing mortgage holders a few months before their home is deemed in default and giving another 2 years before the property is foreclosed on its accounting books. This practice has been able to temporarily hide most of the banking collapse……………………..
Zombie banks
The FDIC, which claimed only about 300 problem banks in the 1st Quarter of 2009, but hid the fact there were about 2000 total lame banks among its 8400 members,………………
Examination of the following FDIC chart shows geographically that most banks are not making a profit……………..
FDIC’s $13 billion against $220 billion liabilities
So just how much liability does the FDIC bear aggregately for its “problem banks?”
At the end of the 1st Quarter in 2009 the FDIC said that figure was $220 billion. Remember now, the FDIC had only about $13 billion to over these institutions at the time. (See chart below) This figure will likely grow beyond imagination with the issuance of the FDIC 2ndQ report…………..
(ESL comment: The FDIC cannot afford to cover $220 Billion in liabilities for 300 “problem banks” without dipping into Credit Lines at the Treasury. But even that LOC may not be adequate if banks fail to resolve their balance sheet issues, sink too deeply into the red and fold. True liabilities at SIGNIFCANT risk are several $Trillion if 2000 lame banks are included as they should be. To make matters worse the number of problem and lame banks is expected to be much higher in the Aug 25th Q@ FDIC report. Get the picture?)
Banks valued by goodwill and bailout funds
So there, you can see that in addition to goodwill, the bank’s capital was largely increased by bailout funds. So a dose of reality therapy will lead one to conclude that nearly all American banks are essentially insolvent.
If this leaves you feeling a bit queasy, well, you may need to reach for Dramamine when you realize the FDIC is not only broke, but it will probably announce it is tapping into its line of credit at the US Treasury Department, which is also insolvent (America is spending $1.58 trillion more than it collects in taxes this year).
Here is how Bloomberg’s Vekshin says it:
If the fund is drained, the FDIC also has the option of tapping a line of credit ……………… with temporary borrowing authority of $500 billion through 2010.
The mother of all bank runs?
Now if just a small portion of American bank depositors hear that the FDIC had to tap into the US Treasury for funds, and these depositors feel their banked money is at risk and want to withdraw some of it, the mother of all bank runs could ensue. This could create the day of reckoning that many have predicted……………………….
in reply to: Clips from Alleghany #3821I was wondering, any strangers around town? The linked article below states that some of the nation’s unemployed are headed back, again, to the California Goldfields.
http://www.washingtonpost.com/wp-dyn/content/article/2009/08/23/AR2009082301806.html
in reply to: Clips from Alleghany #3819Scoop is impressed!!! Company registered geologist, Ray Wittkopp, ascended Mount Shasta in northern Siskiyou County, California this week. The first leg of the journey stopped above the 8,000-foot elevation where he and his son, Richard, spent the night. Ray says there is no defined trail but we scrambled up spans of talus where they experienced talus creep. Oh, talus creep is the slow downward movement of rock fragments, either individual rock fragmented or the mass as a whole.
Naturalist and author John Muir said of Shasta:
“When I first caught sight of it over the braided folds of the Sacramento Valley I was fifty miles away and afoot, alone and weary. Yet all my blood turned to wine, and I have not been weary since.”When they got to the top. They realized it was a false summit and another steep climb was still ahead. Ray is a determined walker (now a rock climber) and finished the climb to the very top of the mountain. Not bad for a 66 year old.
While the view was an emotional high, Ray noticed the brown haze sitting atop the blue smoke that drifted about northern California from various forest fires. What’s a most serious environmental threat to the future of humans and other forms of breathers? Brown air. As in any toxin, it’s the dosage that counts. Remember you will die if you breathe pure oxygen or drink too much pure water.
Hats off to Ray and tip your glass to his spunk.
in reply to: Gold Enters Major Bull Market #3818Last on gold is $953.70.
The following is the closing excerpt from the summer edition of The Trends Journal by Gerald Celente. Gerald’s format in trends research is to reach into the future with supporting factual trends and identify the continuing process.
Trendpost: With America deep in denial, any product, service or enterprise that facilitated “escape” would turn a profit. There were two sets of emotions in play simultaneously. Fear and Hope. Although “Hope” was winning campaign slogan for candidate Obama, and still played well in the polls, “Fear” was the dominant underlying emotion playing to the public.
Recognizing that all was not well beneath the surface, anyone selling anything would do well to understand the public’s anxious, confused and depressed state of mind … no matter what the polls were showing. Projecting genuine empathy, compassion and honesty would win over consumers.
Our trend forecasts, unlike those with optimistic outcomes – and even those who don’t buy the “green shoots”- scenario but forecast eventual “recovery” – are for longterm decline and a permanently altered consumer climate. Those planning long-term strategies and product launches should design them to correspond to current and emerging mood/attitude perceptions of targeted market sectors; to have a real world understanding of what prople feel, not just what they say.
Both “escapism and “fear” were overriding long-term trends.
Much of what held true in America would filter abroad. Ironically, although the world blamed America for the economic crisis, it still looked to America to fix it. And although copying the US way of life was a declining trend, America still exerted cultural influence. The trends prevailing in America would have parallels and variations, nation by nation.
In the Summer of 2009, the mass media, Washington and Wall Street were pitching recovery.
NEW INDEX FORECASTS RECESSION’S END
Economic outlook gauge pegs turnaround in SeptemberUSA TODAY, 11 June 2009 – The recession will likley end in September and be followed by a mild recovery, according to the new USA TODAY/IHS Global Insight economic outlook index.
The “all-clear” signal was sounded. The worst of the economic storm was over. By September there would be blue skies and fields of green shoots in flower.
By 2012 that picture looked as inaccurate and as dangerously naive as those official announcements on 9/11 telling people in the World Trade Center to go back (to) their desks, “the fire in the North Tower is under control.”
The worst of the economic storm had not yet hit, and there was a widespread, if unarticulated sense of impending disaster.
When major natural catastrophes threaten, many creatures proact in anticipation of what’s to come. Whether through intuition, instinct or some form of hypersensitivity, some seem to know what has to be done to survive … moving to higher ground, taking flight, finding shelter, etc. Others, possibly as sensitive but less directed, become disoriented. They sense something has to be done but don’t know what.
That was the situation in the Summer of 2009. There were those proacting intelligently in anticipation of “Obamageddon.” There were others, possibly a majority that sensed it, but either did not trust their instincts or didn’t know what to do. And then, of course, there were those didn’t know and didn’t want to know.
“Survival was THE trend. “Depression-Era Self Defense” was the strategy.
in reply to: Gold Enters Major Bull Market #3817CW3343, what is the motive to write what you did?
in reply to: Gold Enters Major Bull Market #3816To the previous contributor concerning “Gold Demand Drops To A Six Year Low??,” it’s nice that you have made an appearence but I think it would be best for other readers if you quote subject article titles accurately.
Instead of the question marks you left out “On Recession.”
What the article said was that jewelry and industrial demand were at a 6 year low.
In the guts of the article was a far more consequential comparison than gold demand being effected by a slower economy. It was the international central banks were net buyers of gold for the first time since 2000.
The questions marks were misleading. Get the facts straight. The reason that gold is not headed lower is that the US is in the midst of a major currency crisis, massive amounts of fiat money being manufactured. The lack of continuing demand for jewelry and industrial usage significantly pales in comparison to this.
The US Mint has suspended on and off the sale of gold and silver coins this year and last because they can not keep up with demand. Jewelry is a luxury item in the western world. If our currency implodes overnight during a “banking holiday,” I would rather have the coins than a box full of jewelry, any day.
Advertised gold jewelry buyers are only paying 60% or so for the metal content. Sellers of gold coins would rarely receive a discount to the spot price.
in reply to: Clips from Alleghany #3815Regarding the last post: just a small clarification, SPI’s owner is Red Emmerson. Not sure who Red Perkett is…
in reply to: Gold Enters Major Bull Market #3814Gold demand drops to 6 year low???
Per the World Gold Council.
http://www.bloomberg.com/apps/news?pid=20601102&sid=ayr30bHgFXQE
in reply to: Miscellaneous #3813pat wiggins santa rosa ca please send letters to the press democrat P.O. box 910 santa rosa 95402 att. let the public speak. Dredging she is a fool, just a power grab
in reply to: Gold Enters Major Bull Market #3812Last on gold is $938.20
An excellent background on who is pulling the financial strings in Washington that’s sending the great majority to the poor house:
in reply to: Gold Enters Major Bull Market #3811Last on gold is $943.10
A quote from Martin Armstrong:
“Democracy died a long time ago. Our politicians are sitting on the otherside of the table, and we are the meal.”
in reply to: Clips from Alleghany #3810Relating to the fair, this is a reaction from a Quincy resident:
The fair’s theme is “Relive the Memories~Recapture the Fun” and has always featured mining, railroads, ranching, timber, agriculture and homearts. Thursday’s attendance was up from previous years, probably because the laid off mill workers were looking for some fun time with their family. I just had a dozen trees removed from my property and three 40′ logs were donated to the fair for Saturday’s logging show. This is because Sierra Pacific Ind. owner Red Perkett reneged on his offer to donate logs. Red Perkett is the largest single, land owner in the U.S. But the sawmill in Quincy (largest west of the Mississippi) isn’t closing. They just are milling more lumber than they can sell because no one is building homes. It’s a business decision to keep Red happy at the expense of his workers. But I haven’t heard any complaints…it’s a way of life for the mill workers that they’ve adapted to through generations.
in reply to: Clips from Alleghany #3809The Plumas/Sierra County Fair opened yesterday in Quincy, the Plumas County seat. The theme of the fair is “What makes our counties tick?” The directors decided to feature mining, agriculture, timber and railroads. Mining was first. And most historical mining was for gold.
Sierra County borders Plumas County on its northern flank. Both have a common boundary with the state of Nevada. Plumas population is about 21,000 while Sierra has 3,600; however Sierra operators dominated the gold show by setting up an eclectic display of gold specimens, historical posters, photographs T shirts and jewelry.
Sierra County made a huge and significant cultural jump by displaying its own 1000-ounce placer nugget collection, the first time is has left the County. Retired sheriff and current supervisor, Lee Adams, guarded the display, well sort of. He engaged the passer bys with the nugget stories and history but confessed that all the pieces (158) were replicas of the real nuggets. The fair goers interest was very positive in bringing the real nuggets back home. Everyone agreed that this would be the right thing to do for the real Gold Country.
Thursday’s attendance was a real flop. The rural people of northern California are not having much fun since special interest Americans have attacked the mining, timber and agricultural industries that are the foundations of and reasons for their existence. Maybe rural cleansing needs to expand its name. Maybe the West is seeing cultural genocide in the mountain and rural areas of the west. There weren’t many miners. Only a few hangdog hobby dredgers were moping about. As of a few days ago the fair directors couldn’t even find enough loggers to make a splash for Friday’s celebration. Everyone seems pretty sad about the sawmills closing in Quincy.
The most vibrant part of the fair was (and probable will continue to be) with the animals and their handlers, young 4-Hers. They maybe the last vestige of the once productive and vibrant rural mountain communities coming into the deadly sights of the most self-centered, entitled, arrogant men and women breathing the air, drinking the water and eating and excreting their waste that the West has ever seen. These kids with their animals may be the last ones standing.
in reply to: Gold Enters Major Bull Market #3807An “Oldie but Goodie”
Home » Daily Dispatches
Peter Millar: Seven-fold increase in gold needed to avert debt depression
Submitted by cpowell on Thu, 2007-02-22 00:14. Section: Daily Dispatches
7p ET Wednesday, February 21, 2007Dear Friend of GATA and Gold:
While it is almost a year old, a study of the enduring importance of gold in the world economic system by R. Peter W. Millar, founder of Valu-Trac Investment Research Ltd. in Scotland (www.valu-trac.com), seems ever more compelling, and Millar graciously has agreed to let it be shared with you.
Millar stresses the periodic upward revaluation of gold as the mechanism for defeating a deflationary debt depression at the end of an economic cycle. Millar writes:(When gold was about $660)
“The first cycle unfolded as follows:
“– Phase 1: Stability under a gold standard until 1914.
“– Phase 2: Inflation until 1921, which resulted in a buildup of debt.
“– Phase 3: Disinflation, which brought stability and allowed asset inflation until 1929, but encouraged a further buildup of debt.
“– Phase 4: Instability after 1929 caused by deflation of assets from overpriced levels and exacerbated by excessive debt levels, leading to depression of economic activity.
“– Phase 5: Monetary reform enabled by a revaluation of gold to overcome deflationary debt depression.
“In the second half of the 20th century we saw a repeat of the first three phases of the same cycle:
“– Phase 1: Stability from 1944 to 1968 under a gold standard.
“– Phase 2: Inflation from 1968 to 1981, which caused and justified another buildup of debt.
“– Phase 3: Disinflation from 1981 until the end of the 20th century, and maybe to the present.
“However, it appears that Phase 4 (instability and ultimately deflation due to excessive debt) may have started. If so, Phase 5 (revaluation of the gold price to raise the monetary value of the world monetary base and hence reduce the burden of debt) becomes likely or inevitable. The extent of that revaluation would need to be major according to our calculations, probably by a factor of at least seven times, possibly up to 20 times the current price of gold.”
The price of gold when Millar wrote his study, in May 2006, was about where it is tonight.
Millar’s study is titled “The Relevance and Importance of Gold in the World Monetary System” and you can find it in PDF format here:
http://www.gata.org/files/PeterMillarGoldNoteMay06.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.* * *
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in reply to: Gold Enters Major Bull Market #3806Friday’s gold close $955.40
Significant charts from the Department of Labor.
in reply to: Gold Enters Major Bull Market #3801last of gold is $961.40
The gold cartel digs in its heels and defends a given level. They dump paper gold on the market periodically in defense of the indefensible. The sequence has the strange characteristic of lower highs and higher lows each time. A resolution is demanded. The gold cartel is fast running out of physical gold with which to fill their rifles and artillery cannons. Being shot with a paper bullet from a rifle surely hurts, but the effect to stop a rush of angry investors cannot be stopped by paper gunfire. Beware of upcoming shocks.
Comments by Jim Willie
CB. Editor
Hat Trick Letter
July 29, 2009
USGOVT YUAN BOND THREATin reply to: Ideal Time for Facts #3800Who is John Galt???
in reply to: Gold Enters Major Bull Market #3799Last on gold is $960.60
GoldSeek.com Radio interviewed Jim Sinclair on August 5, 2009 concerning gold.
Check it out and learn:
http://www.radio.goldseek.com/players/sinclairnuggetaug5.php
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