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- in reply to: Ideal Time for Facts #3798
Rick
Past civilizations have one thing in common, their politicians were mostly all just looking out for themselves and not for the interests of the people who elected them.
Most of our “so called” representatives are attorneys. What does that tell you? It tells me that they know better than anyone how to abuse our rights and steal from us.
One just has to be aware of what our politicians have allowed to happpen to us with all these recent bank bailouts. Where did the money come from and who got it? The so-called over-extended weak banks should have been allowed to tank but, oh no, they were the politician’s friends.
Until the people put a stop to all of this mismanagement and corruption we’ll continue going down this road in becoming another banana republic and ANOTHER failed civilization, eventually.
Politicians are notorious for ruining past civilization’s currencies. I just finished viewing on youtube many accounts of locating sunken ships that went down in the 1700’s. There were no signs of anything positive that the politicians accomplished from those days aboard, only gold and silver produced by the miners and other relics. What does that tell you? It tells me that the politician’s accomplishments can’t survive the test of time but gold and silver do.
Ahoy mates! Our current day pirates are the politicians who indirectly manufacture all of the fiat Monopoly money plus trample on our rights.
What would you prefer digging up in your backyard, a chest full of 1700 currency issued by a defunct central bank run by rank politicians or 1700 mined gold and silver?
in reply to: Ideal Time for Facts #3796Yes, please spread this to the people who can shatter ignorance or make changes. The Sixteen to One mining gold is the finest way (as are others) to improve GDP. Gold production creates new wealth and as importantly and socially, it spreads the new wealth initially to the workers, you know, those blue-collar guys who really need jobs. The miners will pass this newfound “money” around the rural communities, eventually reaching the cities. Each passing will get taxed, so a ppm will find its way to the coffers in Sacramento and Washington D.C. until it all disappears into services. BUT as the mine keeps on producing, its gold production becomes “sustainable wealth”, which continues to increase America’s GDP. Pretty simple economic concept for those folks in power to realize and support.
in reply to: Ideal Time for Facts #3795Mike
Sorry to read the mine is still getting harassed,Is it ok if I print this out and take it down to some of my elected officials?
Good news is people are getting feed up with whats going on & it seems their is a movement to vote some of these people out of office.
Stand tough their are people pulling for the Sixteen to Onein reply to: Ideal Time for Facts #3797I’m dying to know….was my question so simple and the hypocricy of the Water Board so great that nobody wants to say anyhting???
in reply to: Ideal Time for Facts #3793All this regulation as herein
described creates jobs for the
governmentally inclined and
thereafter tightens the gov’t
regulatory control “noose”.in reply to: Clips from Alleghany #3792There is a “strike” waiting to
happen just like in the H.L.
Johnson Tightener. Also my
wife’s grandpa back in the
l840-50’s found big (bigre!french term) nuggets he
found in Kanaka Crk. So it’s
there, we know. We need hope.in reply to: Water and Arsenic: which came first? #3790I need your help in keeping the Sixteen to One mine operating because of draconian measures regarding water. The following should introduce you to one of the red herrings that has and will continue to damage our society. The article is longer than expected.
Arsenic is a semi-metal element in the periodic table. It is odorless and tasteless. It enters drinking water supplies from natural deposits in the earth or from agricultural and industrial practices. Arsenic is a semi-metal element in the periodic table. It is odorless and tasteless. It enters drinking water supplies from natural deposits in the earth or from agricultural and industrial practices. Arsenic appears in three allotropic forms: yellow, black and gray; the stable form is a silver-gray, brittle crystalline solid. The silver gray is indigenous to the Sierra Nevada Mountain range and Alleghany. It is insoluble.
On January 22, 2001 EPA adopted a new standard for arsenic in drinking water at 10 parts per billion (ppb), replacing the old standard of 50 ppb. The rule became effective on February 22, 2002. The date by which systems must comply with the new 10 ppb standard is January 23, 2006. There are no scientific studies proving that Americans have suffered or will suffer health problems at the old levels.
Most ingested soluble inorganic arsenic is absorbed, whereas insoluble forms pass through the gastrointestinal tract with negligible absorption. Most ingested soluble inorganic arsenic is absorbed, whereas insoluble forms pass through the gastrointestinal tract with negligible absorption. The average American adult takes in 50 milligrams of arsenic each day, with 80% of it coming from meat, fish and poultry. Some wines also contain arsenic due to pesticides used in farming.
The average concentration in the human adult is about 20mg.
The health effects of any toxic substance are related to the amount of exposure, also known as the dose. The greater the dose the more severe the effects. Some chemicals can cause toxicity at very low doses and so it is important to be able to understand how these very small amounts are described. It is especially important to understand how low doses compare to one another and what they represent when compared to amounts of more familiar substances.
Parts per million (ppm), parts per billion (ppb), and parts per trillion (ppt), are the most commonly used terms to describe very small amounts of contaminants in our environment. But what do these terms represent? They are measures of concentration, the amount of one material in a larger amount of another material; for example, the weight of a toxic chemical in a certain weight of food. They are expressed as concentrations rather than total amounts so we can easily compare a variety of different environmental situations.
An example might help illustrate the part per … idea. If you divide a pie equally into 10 pieces, then each piece would be a part per ten; for example, one-tenth of the total pie. If, instead, you cut this pie into a million pieces, then each piece would be very small and would represent a millionth of the total pie or one part per million of the original pie. If you cut each of these million minute pieces into a thousand little pieces, then each of these new pieces would be one part per billion of the original pie. To give you an idea of how little this would be, a pinch of salt in ten tons of potato chips is also one part (salt) per billion parts (chips).
In this example, the pieces of the pie were made up of the same material as the whole. However, if there was a contaminant in the pie at a level of one part per billion, one of these invisible pieces of pie would be made up of the contaminant and the other 999,999,999 pieces would be pure pie. Similarly, one part per billion of an impurity in water represents a tiny fraction of the total amount of water. One part per billion is the equivalent of one drop of impurity in 500 barrels of water.Stick with me a little longer. It’s important because California’s water regulators must not be aware of the mathematical conversions of the earth’s natural element (arsenic) and how dosage relates to potential health issues. The public is even more lost than the busy bureaucrats in Sacramento and Washington D.C., who rarely get outside their safe and comfortable desks to face man’s health issues with a sense of reality. The Sixteen to One has suffered and continues to suffer from the ignorance of people entrusted by you and me to do good work for the benefit of the public. We put our hard earned income in an envelope and send it to Sacramento or Washington D.C. as a tribute (called taxes) for the privilege of living in this great state and country. We expect something of value in return. The Central Valley Regional Water Agency and its federal counterparts are not giving the public value for their use of our tax dollars.
I need your help in keeping the Sixteen to One mine operating because of draconian measures regarding water.
Sometimes, instead of using the part per … terminology, concentrations are reported in weight units; such as the weight of the impurity compared to the weight of the total. The metric system is the most convenient way to express this since metric units go by steps of ten, hundred and thousand.
For example, a milligram is a thousandth of a gram and a gram is a thousandth of a kilogram. Thus, a milligram is a thousandth of a thousandth, or a millionth of a kilogram. A milligram is one part per million of a kilogram thus, one part per million (ppm) is the same as one milligram per kilogram. Just as part per million is abbreviated as ppm, a milligram per kilogram has its own abbreviation — mg/kg. Using our abbreviations, one ppm equals one mg/kg.
Kilograms and milligrams are units of weight so they don’t apply to volumes of liquids or gases. Instead of a kilogram, the unit of liquid volume most commonly used is the liter. A liter of water weighs one kilogram. If the contaminant is a solid, it is measured in milligrams. Thus, one part per million of a solid in a liquid can be written as a milligram per liter and abbreviated mg/l.
These are the most common units that are encountered. However, with the ability to detect even smaller amounts of contaminants, the terms part per billion and part per trillion are becoming more common.In the metric weight system, a microgram is a thousandth of a milligram. Since a milligram is a millionth of a kilogram, and the microgram is a thousand times smaller, it is equivalent to a billionth of a kilogram. Microgram is abbreviated ug. Thus, a part per billion of solid measure is equal to a ug/kg. Similarly, a part per billion of a solid in a liquid is equal to a ug/l.
We can compare metric weight quantities to the quantities we are most accustomed to using. A kilogram is equal to about two pounds. Thus, a milligram is less than a millionth of a pound. Looked at another way, it would take about five thousand milligrams (5000 mg) to make up one teaspoonful of a solid (such as salt). The unit of liquid volume, the liter, is very close to a quart. Thus, a milligram per liter is about the same as a milligram per quart.
The math of the ppm, ppb,mg/l pounds, quartz, kilograms and liters is a lot to deal with; however I gave it a try and came up (using the potato example above) that one person drinking 2-L/day of water would spend 13 years before he ingested that pinch of salt. Should society be spending time, money and compromising productive mining by claiming that arsenic in the Sierra Nevada Mountain range is harmful and requires oppressive monitoring?
I need your help in enlightening the public about this subject because the water agencies are deaf, dumb and blind.
in reply to: Ideal Time for Facts #3791(First off, Mike, re-post your message right after this.)
Deaf dumb and blind….refers to the public. All of you out there who are asleep.
It also is a perfect description to what the pathetic public officials who sit on the CRWQCB expect you to be….sum it up and they expect everyone to be not only deaf dumb and blind (that would be a compliment)…no, they want you to be STUPID.
We’re not stupid, and anyone else who takes the time to recognize the answer to this simple question isn’t either…
“If the levels of natually occuring elements are the same upstream as downstream from the mine in Kanaka Creek, what’s the problem?”
in reply to: Clips from Alleghany #3787Slow morning in Alleghany but the following seems worth repeating.
China has gone crazy for gold.
In April the government’s Foreign-Exchange Agency announced the purchase of an additional 16 MILLION ounces for state coffers.
A few months earlier, National Geographic Magazine reported that for the first time China had surpassed the U.S. as a buyer of gold jewelry.But here’s the amazing thing few investors realize…
What the Chinese government did for oil over the past decade… they are today doing for gold. This is a huge development. China is also one of the few countries in the world where known gold reserves are increasing… not shrinking.
In short, the Chinese government wants more gold. It realizes gold is one of the only buy-and-hold investments in the world right now. The Chinese have a lot of money to spend… nearly $2 Trillion according to a recent report in The New York Times.The Ministry of Land and Resources has completely rewritten the country’s mining laws (known as the Minerals and Resources Law) to encourage local and foreign companies to explore for and produce more gold. The government has also recently created the Shanghai Gold Exchange, to allow anyone to trade gold, on the open market, without government interference.
Twenty years ago, China produced an inconsequential amount of gold. Today, China is the #1 gold-producing nation in the world (a fact Scoop lacks multiple sources to support).
When it comes to gold mining in China, it’s a whole different world than what is found in America or Canada. There’s no such thing as a NI43-101 disclosure form for mining companies. Instead of a handful of giant companies running the industry (how global gold mining has evolved, especially in the US), it’s basically thousands of small operations scattered across the country.
In short, it’s like the American Wild West. Ah, the American wild west; frontier freedom and frontier justice; pioneering spirit as defined by the California gold rush and the population and development of the west; exploiting the natural resources for the benefit of society; producing new wealth. Go, China, go!
As Mike has offered “The California gold belt is the most proven deposit with the fewest miners working it on earth.”
Scoop asks, “Why is the American investor asleep and ignoring gold and developing the gold assets of its oldest gold mining company?”
in reply to: Water and Arsenic: which came first? #3789I’m not sure that Alleghany is an incorporated municipality, but should it be, the community would have development rights to establish public infrastructure to meet service prospective demand such as hydro electric power. Public water service, and waste disposal. See Constitution Statement below.
CALIFORNIA CONSTITUTION
ARTICLE 11 LOCAL GOVERNMENTSEC. 9. (a) A municipal corporation may establish, purchase, and
operate public works to furnish its inhabitants with light, water,
power, heat, transportation, or means of communication. It may
furnish those services outside its boundaries, except within another
municipal corporation which furnishes the same service and does not
consent.
(b) Persons or corporations may establish and operate works for
supplying those services upon conditions and under regulations that
the city may prescribe under its organic law.in reply to: Miscellaneous #3788BAD BAD NEWS: The judge in Alameda Superior Court put out an order to suspend the issue of dredge permits by the fish and game.
in reply to: CDAA Conduct #3786The truth about the CDAA assault has been in place all along. It has always been about smearing.
Political points scored, especially with a corrupt court system and an AG with no spine. Votes purchased, when the ballot box is open.
“Conjur up a vision of steaming pools of toxic waste polluting drinking water and commiting children to cancer.”
Evil! Public is not informed and swallows the bait.
in reply to: CDAA Conduct #3783Dave, simple answer:
Gold is real wealth without any debt attached to it. Having the public accept paper along with its debt enables them to continue to steal our life saving
in reply to: Miscellaneous #3785There is a lot of iron on the mine site. You should see the old bone yard up the road. The crew hauled many loads of scrap iron to a site close to Henness Pass where transports will haul the scrap to Sacramento. Too bad the price dropped but there will be $$$ left over costs.
Now get this! Miners save iron stuff. Scoop asked the same thing and one afternoon pointed out iron junk. You should have heard the ear full about this part or that part, this just needs a ??? and it goes right back to work or Scoops favorite: this has copper, aluminum great hoses look at these valves worth saving and on and on.
A plan is underway to sell useless scrap (junk to many). Scoop will let you know when the first truck load leaves Alleghany.
in reply to: Miscellaneous #3784After the last share holders meeting ,I was really amazed at the amount of steel and stuff left rusting all around the mine. Is there some way the mine could sell all the scrap metal and bring in a little cash just to pay the electric bill maybe? It seems a shame to see all the compressors and equipment just sit there and rust to death. I know that stuff was not cheap to buy.
Alanin reply to: CDAA Conduct #3781I was thinking today, what is the real reason behind the unprecedented attack against a gold company by the CDAA?
I don’t think it was for credits to Governor Pete, it had its roots in something far more sinister.
Mike was bringing to the attention of the local area TV viewers by inviting news crews up to the mine the idea of gold. There are certain people in this country and around the world that do not want the public to ever know about gold, period.
This is for a very good reason, gold has always competed against fiat currencies when management of those currencies becomes suspect in the loss of continuing purchasing power to the people. Mike just kept fostering through his persistence the idea of gold and our mine.
Mike kept gold in front of the public’s eye which some had wished he hadn’t. So, an attempt was made to cripple the company and put him into jail thus silencing him. People like Mike, Jim Sinclair and others who bring gold to the attention of the public is our handlers worst nightmare.
These certain people only know control for their benefit. If anything gets in the way of their pursuit it gets eliminated, or at least an attempt to do so is made.
Martin Armstrong who they put into jail is still fighting back from his cell in informing the public what their game is all about.
What these people fear the most is the general acceptance of the truth.
Long live the advocates of gold and the truth.
in reply to: CDAA Conduct #3782Hi, The question is, why is there a prejudice by the socialist type of our society against gold mining?
California State Parks has historical mines within its property control, At least 7 maybe more. Due to the low price and restricted free trade of gold, these old mines lost there profitability. These mines still have resources that could be mined. Same thing as your mine. I fail to understand why the State of California has not reopened these historical mines to seek the wealth that would solve the state budget short fall?in reply to: CDAA Conduct #3779Yesterday in Sacramento a prominent lawyer said to me, “You and the Sixteen to One mine got screwed in that CDAA case.” He said that the case has been characterized as simply an immunity issue in some printed articles. He knew enough about the facts and law and said, “What a farce!” I agreed. We then talked about the legal antics and behavior of those in the profession (which really is no longer a profession). I asked what will he do about the situation and he said nothing, it has been corrupt a long time and I’m wasting my time trying to straighten out the lack of integrity, pride and responsibilities that go with being a member of the California State Bar. He went on to say that the problems are even worse with those with a Bar number higher than his (which means even though he has practiced law a long time, the new lawyers display less professional behavior that the old guys). Hum.
Maybe the few of us with knowledge about how unlawful the California Third Appellate Court and the California Supreme Court adjudicated our suit against Gale Filter and his pack of lawbreakers (pretending they were public servant prosecutors) have looked for change from the wrong people. Maybe we should try telling the young or new and fresh lawyers that they inherited an existing corrupt political judicial system and THEY are the ones to step up and demand change. After all change is the direction we seek. Let’s give it a try.
Another senior lawyer I have known for many years and admire also knew about our case. He knew we were screwed by the behavior of Gale Filter (who now is an enforcer for the California EPA) and the Third Appellate Court in Sacramento. He deferred publicly denouncing their behavior (the position stated for tossing out the Superior Court trial judge’s decisions) as unlawful (unsupported by legislation laws, regulations and intent). He said, “Mike, I would be cooked in the courtroom if I publicly spoke out against the Third Appellate justices who rendered such a preposterous decision.”
So, here California sits. Our population has law breaking de facto prosecutors operating in our courts, appellate judges who create decisions that have no legislative or judicial backing and twist a regulation passed by our Legislature to insure that the public could speak out against oppression in California. They also financially penalized those who do speak out for redress.
Are there writers with the time, ability and desire to educate the many Californians unaware of the lack of honesty, candor, integrity, justice, fairness and lawfulness left in our third and very important branch of the political process (Judicial)? If so, find some and get them writing and published.
Another lawyer joined us about this time and said, “You know one reason the California Supreme Court turn down your appeal was the lack of letters from watch dog non profits, other businesses and regular people about how wrong the Third Appellate Court judged by either supporting your case or pointing out the abuses in interpreting the law. You needed press and more awareness of the reckless and unlawful behavior by others.”
I agreed.
in reply to: CDAA Conduct #3780We are living our days in the midst of corruption, it’s all over. It’s even in my own family being orchestrated by an attorney member. It’s all over.
One only has to read the following linked article to understand how wide spread it really is and how deep it really goes.
The day is coming after many folks have lost everything that those injured will take action with nothing to lose. That is when real change will come. It has happened many times before throughout world history and it will happen again.
in reply to: Gold Enters Major Bull Market #3778Last on gold is $948.10
Recent comments from Jim Sinclair:
Gold will take out $1000 on this try with a very temporary retreat before it moves fully through. Gold will move to and through $1224 with a temporary battle. Gold will move toward $1650 but meet serious temporary opposition in the $1400 area.
All of this will occur starting quite soon. Hold on tight to all that is precious metals.
Stay the course.
in reply to: Gold Enters Major Bull Market #3775Last on gold is $937.00
The following was picked up today from the ECU stock page of agoracom.com in Canada. Sorry Mike, an easy link not possible.
Former Assistant Treasury Secretary, Paul Craig Roberts, again pens an excellent article below on the true state of affairs. He even pegs gold manipulation…”The price of one ounce of gold coins is $1,000 despite efforts of the US government to hold down the gold price.”
Nice DOW save – VHF
–
There’s Nothing Left To Recover – What Economy?
Paul Craig Roberts
July 16, 2009
There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a real estate bubble, and by “free market” financial deregulation, which unleashed financial gangsters to new heights of debt leverage and fraudulent financial products.
The real economy was traded away for a make-believe economy. When the make-believe economy collapsed, Americans’ wealth in their real estate, pensions, and savings collapsed dramatically while their jobs disappeared.
The debt economy caused Americans to leverage their assets. They refinanced their homes and spent the equity. They maxed out numerous credit cards. They worked as many jobs as they could find. Debt expansion and multiple family incomes kept the economy going.
And now suddenly Americans can’t borrow in order to spend. They are over their heads in debt. Jobs are disappearing. America’s consumer economy, approximately 70% of GDP, is dead. Those Americans who still have jobs are saving against the prospect of job loss. Millions are homeless. Some have moved in with family and friends; others are living in tent cities.
Meanwhile the US government’s budget deficit has jumped from $455 billion in 2008 to $2,000 billion this year, with another $2,000 billion on the books for 2010. And President Obama has intensified America’s expensive war of aggression in Afghanistan and initiated a new war in Pakistan.
There is no way for these deficits to be financed except by printing money or by further collapse in stock markets that would drive people out of equity into bonds.
The US government’s budget is 50% in the red. That means half of every dollar the federal government spends must be borrowed or printed. Because of the worldwide debacle caused by Wall Street’s financial gangsterism, the world needs its own money and hasn’t $2 trillion annually to lend to Washington.
As dollars are printed, the growing supply adds to the pressure on the dollar’s role as reserve currency. Already America’s largest creditor, China, is admonishing Washington to protect China’s investment in US debt and lobbying for a new reserve currency to replace the dollar before it collapses. According to various reports, China is spending down its holdings of US dollars by acquiring gold and stocks of raw materials and energy.
The price of one ounce gold coins is $1,000 despite efforts of the US government to hold down the gold price. How high will this price jump when the rest of the world decides that the bankruptcy of “the world’s only superpower” is at hand?
And what will happen to America’s ability to import not only oil, but also the manufactured goods on which it is import-dependent?
When the over-supplied US dollar loses the reserve currency role, the US will no longer be able to pay for its massive imports of real goods and services with pieces of paper. Overnight, shortages will appear and Americans will be poorer.
Nothing in Presidents Bush and Obama’s economic policy addresses the real issues. Instead, Goldman Sachs was bailed out, more than once. As Eliot Spitzer said, the banks made a “bloody fortune” with US aid.
It was not the millions of now homeless homeowners who were bailed out. It was not the scant remains of American manufacturing–General Motors and Chrysler–that were bailed out. It was the Wall Street Banks.
According to Bloomberg.com, Goldman Sachs’ current record earnings from their free or low cost capital supplied by broke American taxpayers has led the firm to decide to boost compensation and benefits by 33 percent. On an annual basis, this comes to compensation of $773,000 per employee.
This should tell even the most dimwitted patriot who “their” government represents.
The worst of the economic crisis has not yet hit. I don’t mean the rest of the real estate crisis that is waiting in the wings. Home prices will fall further when the foreclosed properties currently held off the market are dumped. Store and office closings are adversely impacting the ability of owners of shopping malls and office buildings to make their mortgage payments. Commercial real estate loans were also securitized and turned into derivatives.
The real crisis awaits us. It is the crisis of high unemployment, of stagnant and declining real wages confronted with rising prices from the printing of money to pay the government’s bills and from the dollar’s loss of exchange value. Suddenly, Wal-Mart prices will look like Nieman Marcus prices.
Retirees dependent on state pension systems, which cannot print money, might not be paid, or might be paid with IOUs. They will not even have depreciating money with which to try to pay their bills. Desperate tax authorities will squeeze the remaining life out of the middle class.
Nothing in Obama’s economic policy is directed at saving the US dollar as reserve currency or the livelihoods of the American people. Obama’s policy, like Bush’s before him, is keyed to the enrichment of Goldman Sachs and the armament industries.
Matt Taibbi describes Goldman Sachs as “a great vampire squid wrapped around the face of humanity, relentless jamming its blood funnel into anything that smells like money.” Look at the Goldman Sachs representatives in the Clinton, Bush and Obama administrations. This bankster firm controls the economic policy of the United States.
Little wonder that Goldman Sachs has record earnings while the rest of us grow poorer by the day.
in reply to: Miscellaneous #3774IS THERE ANYONE OUT THERE WHO POSSESSES ONE OR MORE OF THE MINE’S ORIGINALLY ISSUED 1OZ BULLION BARS? IF SO, I WOULD APPRICIATE SPEAKING WITH YOU REGARDING A POSSIBLE PURCHASE OF AT LEAST ON BAR. THIS IS FOR HISTORIC REASONS, AS I HAVE SEVERAL SAMPLES OF GOLD IN QUARTZ, BUT THE MINE HAS NOT HAD THE 1OZ BARS FOR SALE FOR ABOUT 8-10 YEARS NOW. THANK YOU IN ADVANCE AND I LOOK FORWARD TO ANY FEEDBACK YOU CAN PROVIDE.
BEST REGARDS,
DAVE
in reply to: Gold Enters Major Bull Market #3772Last on gold is $923.60.
The following link is to a recent interview of Jim Rogers by Fox News. Aside from the interview, how much longer can government revenues shrink while it continues to expand our debt to unprecedented levels? It must be nice to have a printing press in your basement but what will be the ultimate cost to you and I?
http://tipd.com/Videos/youtube–jim-rogers-bailouts-just-throw-good-money-away-1/
in reply to: Gold Enters Major Bull Market #3773I can’t help but notice the parallel between the languishing gold price of the past recent doldrums ten years ago (280-320) and today’s languish of 800-980….
It seems like the pull of the rubber-band: the stronger the pull, the bigger the snap.
in reply to: Clips from Alleghany #3771Just another crucial thought….
Let’s celebrate our birth of Freedom!
Let’s not be caught sitting on our butts while it melts away by thieves.
in reply to: Clips from Alleghany #3770Happy Birthday to the world’s greatest experiment in the extension of freedom to all.
It happened in a land called America, which evolved into the United States of America.
When our means of barter are under tyrannical control, be that control appointed, elected or assumed the experiment is over. Freedom suffers. Barter in this instance means the exchange or trade of goods and services for something of equal value. The following American leaders had this to say:
“If you would know the value of money, go and try to borrow some.” Benjamin Franklin
“Money is a good servant but a bad master.” Francis Bacon
“Americans have little faith. They rely on the power of the dollar.” Ralph Waldo Emerson
“The use of money is all the advantage there is in having money.” Benjamin Franklin
“Can anybody remember when the times were not hard and th4e money not scarce?” Ralph Waldo Emerson
“Opportunities are greater today than ever before in history. Young people graduating from our schools have greater chances for health. Happiness and prosperity than had the children of any previous generation. A little money will today in setting up a young man or woman in business will do more than it would ever do heretofore. There is a greater demand today for people of character than at any time in the history of America. Industry, intelligence, imagination and persistence are great gold miners’” Roger Ward Babson
in reply to: Gold Enters Major Bull Market #3769Last on gold is $940.20
Last on silver is $13.70
From Agoracom.com in CanadaTerresainte is from Geneva
JPM & Snowwhite
posted on Jul 01, 09 10:18AMThe OCC derivatives report Q1 2009 Table 9 on page 30 shows that the Fed’s conduit, JPM increased its Gold derivatives exposure by $10 Billion in Q1 vs Q4 ’08 to a mindboggling 79% of all outstanding Gold derivative contracts -> $92 billion or 100 million ounces.
In Silver (precious metals) JPM holds 56% of all Silver derivatives ($4.6 Billion or 338 million ounces) vs 48% in Q4. In addition the JPM current net silver short position on the Comex should be approx. 200 million ounces. This vs an annual world-wide supply of 888 million ounces. The paper ETF SLV claims to hold 280’500’000 Silver ounces (8724 tons). The Custodian “Surprise” is JPMorgan. https://ebts.jpmorgan.com/ebtsWebMod/ebts_downloads/BONYBARLIST.PDF
A Conflict of interest between these positions and at the same time being the custodian for the SLV shareholders is manifest. There is no written guarantee whatsoever that SLV’s silver claims on the physical silver inventory is not encumbered by one party or another. One has to be gullible to ignore the coincidence. Manipulating the price of silver with this kind of massive dominance is child’s play.
Barclays, the current ETF owner predicting a silver price of $12 towards the end of the year should not surprise anyone either, they wish to fill their obligations at a discount.
in reply to: Gold Enters Major Bull Market #3768Gold is holding it’s own,with India exporting for the first time?and not importing much with President pushing through a 400 ton IMF sale & all the scrap sales I am surprised gold is not going down.I am still buying miners and doing well with most of them and will continue through the Summer along with some physical gold & silver.
The U.S. does hold the most gold but who’s gold is it & how much do we really have if they will not let audits take place, the people of the United States of America’s gold could already be gone.in reply to: Gold Enters Major Bull Market #3767Blue Jay: The USA holds the largest gold reserve in the World. What do you think will happen to the price of gold when your pinko friend Obama decides to sell this reserve to pay off your national debt? I read what you say and think you are a stupid jack ass.
in reply to: How to Approach Thin Veins & Cost #3766I came across the following article written some time ago by Murray Pollit, it more or less answers a lot of what I was wondering about:
http://www.greenlightadvisor.com/glablog/2008/04/19/murray-pollitt-the-history-of-gold/
in reply to: Another U.S. precious metals miner goes foreign #3765Do you have photos and GPS coordinates? (I’m not a potential buyer, but I’m curious)
in reply to: Ideal Time for Facts #3764It seems with California falling apart that it would make some sense to support an industry like gold mining that continues to have a bright future in order to create some jobs in order to shore up a crumbling taxpayer base.
One only has to look to Quebec to see what is possible in building up a taxpayer base with incentives to the mining industry.
I was unable to link the following report concerning today’s miserable economic condition in California. So, here it is in its entirety:
California collapsing. US Economy Next
posted on Jun 23, 09 01:21AM
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Monday, June 22, 2009
California collapsing. US Economy Next
California Collapsingby Martin D. Weiss, Ph.D. 06-22-09
Washington and Wall Street seem to be treating California as if it were a sideshow in the financial circus of these turbulent times.
It’s not.
California is home to the largest manufacturing belt in the United States and to Silicon Valley, the nation’s largest high-tech center.
California is America’s most populous state with 38 million people. Its GDP of $1.8 trillion is the largest in the U.S. Its economy is bigger than those of Russia, Brazil, Canada, or India.
And it’s collapsing.
Major California counties are ground zero in the continuing mortgage meltdown:
Los Angeles County with 5.32 percent of mortgages 90 days past due … Monterrey County, 8.02 percent … Imperial, 8.13 … San Bernadino, 8.66 … Madeira, 9.21 … San Joaquin, 9.53 … Riverside, 10.2 … Merced, 10.57 … and more!
California’s inventory of foreclosed homes is skyrocketing. Home prices are plunging. And the impact of surging unemployment is just beginning to show up in the data …
Worst Unemployment in 64 Years
The state’s unemployment rate has surged to 11.5 percent, the worst since World War II.
Last month, California lost 68,900 jobs. And since July 2007, it has lost 859,000 jobs, including 739,500 just in the past 12 months.
Even if the economy recovers, an unlikely scenario in my view, economists agree that California will continue to be slammed by layoffs, at least through the end of this year and probably well into 2010.
And even assuming a national recovery, UCLA’s Anderson Forecast projects an average unemployment rate of 12.1 percent from this fall through next spring.
What about without a national recovery? California’s jobless could go beyond 15 percent.Worse, if you include part-time workers seeking full-time work plus workers who have given up looking entirely, it could reach 25 percent, exceeding the worst national unemployment levels of the Great Depression.
“Our wallet is empty.
Our bank is closed. And
our credit is dried up.”These are not the words of a Dr. Doom in New York or a forlorn banker in Georgia. They represent the confession of Governor Arnold Schwarzenegger before a rare joint session of the California legislature … and with no exaggeration!
The state faces a stunning $24.3 billion budget deficit, even assuming no significant deterioration in the economy from this point onward. And the state has lost virtually all hope of President Obama declaring, “California is too big to fail.”
California State Treasurer Bill Lockyer tried to make that argument to Washington, and did so with great vigor. But he was rejected. After the long line-up of failed companies with hat in hand in recent months — on the steps of Congress or the White House lawn — some folks in government finally appear to have learned how to just say “no.”
“You’re on your own,” is the message from the president to the governor. “Beyond your share of the stimulus package, that’s it! No more!”
Result: The inevitability of massive state cutbacks, including large numbers of state jobs getting axed — all while the California jobless rate is already 11.5 percent.
How many state jobs are in jeopardy? Right now, Schwarzenegger is proposing laying off 5,000 state employees, as well as slashing education and social welfare programs. But the Anderson Forecast projects that Schwarzenegger’s budget cuts will eventually result in 64,000 job cuts from state government plus countless private-sector and local government jobs.
Massive Downgrades Coming
California’s credit rating is already the lowest among all U.S. states.
But with Moody’s, S&P, and Fitch still greatly influenced by massive conflicts of interest, it’s not nearly low enough.
And sure enough, on Friday, Moody’s tacitly admitted as much, announcing that it may have to cut California’s rating by several notches in one fell swoop!
Standard & Poor’s put California on watch for a possible downgrade a few days earlier. Fitch did the same May 29.
The big problem: Once downgraded, California’s rating is likely to fall below the minimal level legally required for most money market funds, forcing these funds to dump California paper posthaste.
Moody’s wrote:
“If the Legislature does not take action quickly, the state’s cash situation will deteriorate to the point where the controller will have to delay most non-priority payments in July. … Lack of action could result in a multi-notch downgrade.”But lack of action is precisely what Sacramento is now becoming most famous for. In fact, in their latest scuffle, Democrats proposed a budget that would raise $2 billion from cigarette taxes and oil companies. But the governor promptly vetoed the plan. So now Sacramento is in a new, escalating battle over the deficit just weeks before the state is expected to run out of cash to meet payroll and other bills.
State officials continue to insist that a state default is unthinkable … much like GM executives said their bankruptcy could never happen.
In my view, there is a very HIGH probability that California will default.
It’s obvious its debt merits a junk bond rating from every Wall Street rating agency.And it’s equally obvious that the ratings agencies are artificially inflating the rating, stalling downgrades, and grossly understating the risk to investors.
My recommendations:
1. If you wait for Moody’s or S&P to act, it could be too late. Even if you can’t get what you might consider a good price, sell all California paper now!
2. Seriously consider dumping all tax-exempt bonds. I know the income is better than equivalent Treasuries. But if California defaults, it could set off a chain reaction of bond price plunges and defaults throughout the municipal bond market.
3. Don’t underestimate the impact California’s depression is having — and will continue to have — on the rest of the U.S. economy. At $1.8 trillion, the state’s GDP is so large, any further deterioration could wipe out every so-called “green shoot” in the national economy seen to date.
4. Stay safe, with a big portion of your nest egg in cash, tucked away in short-term Treasury bills … and with a very modest portion in gold, as an insurance policy against a dollar decline.
Good luck and God bless!
Martinin reply to: Clips from Alleghany #3763SHAREHOLDER DAY JUNE 20, 2009
It was a beautiful day last Saturday for the 98th annual shareholder meeting. About 100 shareholders, fifteen present or past employees and a handful of welcomed volunteers gathered at the mine. President Michael Miller called the meeting to order at 10:37am with a quorum just over 8 million shares. Thirty hands were raised as first time attendees. The President outlined what to expect: lunches served from noon to 3pm, underground tours til 4pm, gold offered for sale (great T-shirts as well), and a review of the activities since last year and current affairs.
Minutes were read and past . The names of Scott Robertson Dan O’Neill and Michael Miller were offered for reelection and elected. Prez Miller revived the financial reports that were sent to shareholders. Revenue dropped $548,000 in 2009 from 2008 yet the loss from operation increased $50,000. Liabilities increased $133,000 and inventory decreased $82,000. This was a result of a much scaled down maintenance program from a production mining program, careful sales of inventory to maximize revenue and efforts by the crew to keep the company operating.
The specimen gold collection sale was a disaster. The catalog was late in its printing with little promotion. Although several people spent great effort seeking a buyer to preserve it , no offers were forthcoming. The Brown Bear property was listed for $1.3 million surface and $2.3 million for surface and mineral rights.
Mike detailed his work to get a bank loan for $3.5 million. What a revealing story about the government stimulus package. A small Plumas County bank and a manager from the federal Department of Agriculture visited the property early spring for a site visit. All went well and Mike’s representation to his directors jumped from a 50/50 possibility to a 80/20 likelihood that the loan would happen. All had reviewed the company’s paperwork and based on a guarantee by the Dept of Ag it looked like it would be funded. The regional government has $1 billion available with another $2.9 billion coming from Congress.
The fed wants to get jobs, get money in the hands of workers and break the ill liquid situation facing the country. Well, two weeks ago the bank rejected the loan. A flimsy excuse was offered. A discussion was held with valuable input coming from some shareholders. Find another bank. After all if a lender has a 100% guarantee that it will not loose its money, what is the problem? If this is what the federal leaders want, do it. Well, another federal agency, the FDIC is regulating the bankers out of the lending business. Sound familiar? Confusion about purpose and fear are alive and affecting the nation’s recovery.
The private loan company ($400,000 first deed) called the note on June 1. The Company must come up with a full payment by September. Mike will pursue a solution. Ideas welcome.
The mine is well maintained. The water level is holding. Some bad ground was caught up with support. The roads and surface looked pretty good. The permits are in order. And the last inspection brought no citations. Shareholder Ott was present and available to discuss the hydro plant. Former director Sandor Holly flew up from Los Angeles and gave an update of the world of detection (not gold but, you know, secret government detection). Much is happening and some will help the Sixteen to One locate gold.
A film crew from London arrived to film gold and the quartz vein for an upcoming documentary. It is the second part of “How the Planet Formed” a high quality presentation of the history channel. No date for showing is know but sometime in the fall.
President Miller ended the meeting raising a metal hammer up for view. It was a pathetic tool: a bent thin metal rod for a handle, a big screw jammed to hold the hammerhead on the improvised handle. But it was solid and could drive anything before it. He said he found it last week while cleaning the old shop. He looked at it and thought that it represented the will and creativity of a distressed miner in need of a hammer. He said,” Times are tough for our company but as this hammer represents how a miner overcomes a problem by fixing it, our situation will return to success. We need to get some more miners working. The gold will follow”
in reply to: Gold Enters Major Bull Market #3762Last on gold is $934.00
Dear Comrades In Golden Arms,
There is no better proof that we are getting extremely close to the Armstrong/Alf point of lift off than the violence of the shorts in their desire to cover both in paper gold and the long suffering junior gold shares.
The method used is to increase the short position now while we are waiting for the uptick rule to be reinstated all while driving a bulldozer of selling into markets. This selling is not to sell shares as much as it is to make a grandstand play to shake the confidence out of the bulls.
This type of strategy in paper gold today and many of the highly shorted junior gold shares is to ignite the passion of fear in holder’s hands, therein allowing the shorts to make cover.
Call or email your company and inquire about their fundamental position. If it is good, then be sure you are witness to a strategy that is as old as markets themselves. This strategy is used by bulls to run shorts, and shorts to make cover depending on the circumstances.
In my opinion we are very close now to the best and longest move upwards in the gold market.
Gold is going to $1650 and then on to Alf’s numbers.
The US dollar has nowhere to go as its support here has been only algorithms and coordinated statements of support, but actions to the contrary by the BRICs.
Stay the course.
Sincerely,
Jim (Sinclair) http://www.jsmineset.comin reply to: Clips from Alleghany #3761The weedwackers are buzzing in Alleghany.
Tents are up at the minesite landing.
Ovens are baking goodies for the bake sale Sat.
The clampers are coming to town and the 16 to 1 shareholders and a group of bicyclist! There also is a training operation going on in Plum VAlley Sat. with all the local fire departments and the Forest Service.
Busy weekend.
For those driving to Alleghany Sat. there will be a parade in North San Juan at around 9 am. The way to get around it, is to turn off at Tyler Foote Road off Hwy 49 before you get to North San Juan. Then just past the white fire station on the left and at the store “Mother Truckers” turn left on Oak Tree road, this will take you back to hwy 49 at the post office in North San Juan and hopefully the parade doesn’t go down that far!
in reply to: Ideal Time for Facts #3760Somehow I knew when I wrote that, I wasn’t referring to the readers of this web-site. It is why the spirit is strong, despite the crap. Dave, you’ve stated it more concisely that I did, direct and to the point.
Foremost is the challenge: how to awaken those who willingly drink the coolaide.
in reply to: Gold Enters Major Bull Market #3758The last on gold is $926.50. The banksters are feeling smug today with another manipulative feat. Why does the CFTC permit such a high illegal concentration of current short selling in gold and silver by two or three US banks???? The responsibility to the people by the government to insure fair play in markets was abandoned a long time ago.
The banks involved in setting prices for gold and silver are are criminals with no one in government brave enough to prosecute their own bosses except Ron Paul and possibly, a few others.
I have included a link to a remarkable effort by Martin Armstrong to awaken the people through his recent works in the essay entitled, Anatomy Of A Debt Crisis with special emphasis on the past reforming accomplishments of Julius Caesar during Rome’s financial period of crisis.
Mike and Rick will find the content of Martin’s report quite enlightening as it proves that incompetent judges along with incompetent politicians continue to make matters worse for the people in a historical repeating cycle of greed and lust for power.
in reply to: Gold Enters Major Bull Market #3759Last on gold is $932.30.
I have just finished reading Antal Fekete’s Primer On The Silver Basis. Thanks to Mr. Fekete my education continues to move forward.
The link to the article is:
in reply to: Ideal Time for Facts #3757No we are not a sleep, but it is a responsibility of those who see the attempt at a communistic take over of our society, to challenge and expose the threat for what it is. To slow it down till the next election of Congress and use the threat of the communistic threat as the need to replace the present representatives.
in reply to: Ideal Time for Facts #3756Ayn Rand’s ‘Atlas Shrugged’ is timeless. Everyone should go find it, buy it and at the very least start reading it for the exact parallel written in 1957 for what is unfolding in front of us in 2009. An astonishing parallel and warning.
Written when the Eastern Socialist-Communist block was becoming an established force….it is a mirror to today:
Evidence as soon as the 20th page of this 1169 page realty check is so stark, it confirms that the “worry” from 52 years ago is an immediate reality threat to our freedom today, and everyone seem to accept it and is asleep.
Get a copy and read it.
I’ll personally send a copy to anyone who can’t find one, just ask.
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