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- in reply to: Clips from Alleghany #4425
Rain has finally ended the fall fire danger in Alleghany. There is an audible sigh of relief as the firefighters put their wildland gear back on the shelf. The last fire of the season was just about a week ago and too close to home at the Forest City turn-off on Ridge Road three miles from Alleghany. Luckily it was not windy and it was spotted early. The fire was contained within 30 minutes and burned only a quarter acre. Kudos to the fire crews! CDF,USF, Pike and Alleghany all responded. Air tankers were called in and made a couple drops as well.
Today attorneys from the Dept. of conservation are coming to do an inspection of the surface around the mine with Mike Miller and Klaus Kolb.
Sad news is that Felix the mine office cat has been missing since June. We doubt that he’ll return. Dore is now the lone office cat and tomorrow she goes to the vet for her annual shots. Evidently animal control has picked up over 10 stray cats in Alleghany recently and they all had Feline Aids, which is very common in Ferrel cats. Felix was current on his shots, so we don’t think that’s what took him out.
Rehab on the 1,000 level underground continues to take longer than expected. Money is tighter than tight.
On the bright side the PM london fix today for gold is $1,346.50 and the NY Market broke $1,350 today.
in reply to: How to Approach Thin Veins & Cost #4424I looked at the Bralorne Gold Mine site. It is an interesting mine but I have to respectfully disagree that it is similar to the 16 to 1. There they are drilling to establish ore reserves, here we are not able to that because of the nature of our deposit. That is the challenge of the Alleghany Mining District’s high-grade deposits. The only mine that I know of in our district with a disseminated ore body is the Oriental Mine.
in reply to: How to Approach Thin Veins & Cost #4423Hi, thought you might like to look at the Bralorne Mine website. If anything, this mine is very similar to 16:1.
(they just posted the website so some of the material is not yet there.)
in reply to: Miscellaneous #4422The root of this mess is the continued lie to the miss-informed….(I would call them ignorant, but that would be a misnomer, since they have been lied to)…but also, and the same, the voters in every election.
Here’s the problem. Most regulation has roots within a FARCE, promoting the notion of global-negative-environmental-impact-by-humans. Who is for destroying a Planet, after all?
I began studying geologic history specifically to discover (no, UNcover) the truth about all doom the doom-sayers play upon us. Follow the money, and the control potential, to uncover the real reason.
There is no global threat created by humans. That is an ugly, narcisistic and conceited view humanity’s importance. Within the context of the realistic and true analysis measuring extinction events, we humans are meaningless, and should not be fooled into believing such garbage.
“Hello, I’m here to sell you snake oil, to cure all ailments.”….yes, that guy on the wagon in the mid 1850’s ….
There have been many ice-ages, and subsequent warming ages, but this political fraudulent farce is trying desparately to not allow it to become known. Check within our public schools and you will find no mention of history in things geologic, but you will find lies that give environmental a front seat in importance. Ask your kids…they’ll tell you the lies they’ve been taught.
And along the way, remember to check the State Unions who have a vested interest in keeping the farce alive.
We should be ashamed to get sucked into it all….fox guarding the hen-house……
Better put, ugly and disturbing as it is, the fake notion of an-Earth-in-peril has allowed The New Regulation “ambitions” of a controlling political opportunistic group of crooks to actually sway the heart-strings of people completely unaware of the truth.
I want to gag.
in reply to: Miscellaneous #4421We have too many people in our
gov’ts who come fresh out of
college with no sense of the REAL
world, only academics, and all
they do a good job of is to sit
and think and create trouble.in reply to: Miscellaneous #4420Rick
You speak the truth.
The City Council in our town just banned leaf blowers. Ever try raking oak leaves, especially when you live on an acre and a third? Government, wherever, just seems to be senseless in what they create at our expense.
Included below is one man’s take on what’s going on in Las Vegas with folks who went belly-up depending upon their elected representatives to safeguard them closely in monitoring the mortgage companies and the banks concerning their past practices:
From Patrick.net
(We)live in Vegas, we have 3 houses here and a condo. The houses are all underwater and with the condo, their only worth 45% of what we paid for them 5 years ago. We moved here from NY to save money. The house we’re living in, we can’t get enough rent for to make the mortgage, the other houses and the condo all even out and we don’t have to put any money into them. The job situation here really sucks. The wife and I both work at home so it isn’t a problem for us, but there are tons of unemployed people here and thousands of empty houses. At the beginning of every month, we see moving vans, it’s a very transient place. Only 2 of our neighbors own their homes, everybody else is a renter.
Yet even with all the empty houses, they are STILL building more. You can buy a new house here for 1/3 the cost of houses that were built 10 years ago. I dunno who is buying them though. There are also hundreds of empty condo buildings around here. You can tell their empty as there are no lights on at night.
If you’re thinking of moving here, DON’T!
in reply to: Miscellaneous #4419Clarity and wisdom for the future of California lies directly with us, who know the problem. Regulation is killing the private sector.
Regulation is cloaked in “good-deeds-for-all” as the truth is plain to see…..regulation is a demon, used to sway heart-strings for political motive.
in reply to: Gold Enters Major Bull Market #4418While Ben Bernanke continues to burn the house down by employingh his euphemism of “Quantative Easing” for expanding the money supply, it’s taking more and more dollars to purchase the same old ounce of gold while our currency continues to be debased. All the metal ever produced could fill a swimming pool. How many super tankers can be loaded up with all the fiat money that has recently been created out of thin air by the Fed?
“The most important thing about money is to maintain its stability…You have to choose between trusting the natural supply of gold and the honesty and intelligence of members government. With due respect for these gentlemen, I advise you, as long as the capital system lasts, to vote for gold. — George Bernard Shaw, 1928.
“The public will believe anything, so long as it is not founded on truth.” Edith Sitwell (1887-1964)
I’ve been expecting the miscreants to go on the attack against gold, as they are known for, but it now seems that their powder has gone water logged for an unknown extended period of time ahead.
The politicians and their banking buddies seem only concerned with their own welfare as they steer us into a sea of poverty. Gold and silver buys you a mighty financial ally during these messed up uncertain times. For the tomorrows ahead, it matters little what you pay for these metals, tomorrow’s wealth determining factor, IMO, will be, how many ounces of each do you own?
in reply to: Gold Enters Major Bull Market #4417While “gold” continues its bullish trend,(undeniable,) gold as known by active gold miners continues to mystify investors. Gold is our product. It is a commodity with changing value. I’m not surprised that our understanding differs for others. The phone calls from individuals interested in becoming a gold miner continue to increase. Interest is bullish and the want-to- be enthusiasts seem like honest legitimate guys; however they are bitten by a gold bug, naive, rather lazy in their study and research habits or just plain foolish. Notice I don’t call them stupid. They are not stupid. They see a high and growing price for gold, very few gold mining operations in a land with an amazing history of containing gold and an opportunity to risk dollars for gold.
There are few primary gold producers in the world for such an important global commodity. The world wide production of ounces is not growing into a “bubble” panic. Gold is not intellectual property, whereby its holder must continue to worry about competition for his product. Gold price appears to be increasing in relationship to the dollar because it is in demand.
Now comes a caution on spot pricing for an ounce of gold. The supply vs. demand scenario that appears to be hovering over the world is affected when individual buyers buy beyond their cash flow and liquidity needs. In these cases (which I have experienced locally with buyers) a true believer in the value of gold and its prospects in the future, become sellers, thereby increasing supply. There is no measuring equipment for small gold holders to exchange gold for bread to feed a hungry stomach. A cash conversion must take place: gold for dollars for cash for bread. Trading like this increases supply with no new mine production.
Big volume participants in the supply/demand marketplace have additional players to call on that are not readily available to the rest of us. They have banking institutions and government agencies, both with power, competitive history and more. I have noticed over a lifetime of trading that it is easier to create a rush (panic sometimes) with falling prices than with rising prices. What surprises me about spot gold now is how quickly the downward pressure abates.
in reply to: Gold Enters Major Bull Market #4416Gold $1318.60
Silver $22.10Gold continues higher with strong buyers taking out offerings in a slow and methodical way with concurring all-time highs being set practically every day. Buyers are having a difficult time acquiring the metal on reactions as declines are only intra-day events with the exception of two times since the strong push from $1175 to $1321 started in late August.
This move has advanced unabated during the period and looks as impressive as the start-up move of the 1979 push that doubled gold’s price in six weeks into early 1980 from $400 to over $800.
My monthly coin purchase program paid the equivalent of $1315 this morning. Found some great prices at onlygold.com out of Phoenix on some Australian Lunar 2010 gold Rabbit fractional pieces.
Looks like Bob Chapman, along with others, know exactly what they are speaking of when they have been saying gold is about ready to “roll.” Check out youtube.com for Chapman’s past comments that have been spot on.
in reply to: Miscellaneous #4415In a recent CNBC interview Meredith Whitney says, based on her exhaustive research on the financial condition of the States, that California is hurting the most by a mile. At the other extreme, Texas is the best.
Ms. Whitney alerted the financial world of the dire condition over at CitiCorp months prior to the bank’s shameful stock performance that almost hit zero, down from 50.
The bottom line appears quite likely that California’s financial condition is far worse than the politicians are letting on. California Municipal bonds are an item that should not be in your portfolio.
in reply to: Gold Enters Major Bull Market #4414Gold $1311.50
Silver $21.86Gold fooled everyone today and stepped over the $1300 level. Silver continues to be strong as it nears the $22 level.
The brilliant Martin Armstrong speaks his mind concerning our freedoms in the following linked article with emphasis on cycles in the gold market.
http://www.martinarmstrong.org/files/Gold%20an%2011%20Year%20High%20for%202010%2009-17-2010.pdf
in reply to: Gold Enters Major Bull Market #4413Gold $1297.00
Silver $21.46Owning gold is the way to go.
The following quote is from Martin Armstrong’s most recent article http://www.martinarmstrong.org/files/Gold%20an%2011%20Year%20High%20for%202010%2009-17-2010.pdf :
“The biggest problem we have is that we are moving too rapidly toward the END TIME from an economic perspective. As the debt crisis gets worse EVERY government turns against its own people. Everything then becomes the fault of the people and this leads to ECONOMIC TYRANNY marking the end of the government as we know it. In the immediate period, the U.S. will be the worst insofar as becoming ruthless against its own people and target them to raise money in a last desperate hope of clinging to power.”
in reply to: Miscellaneous #4412The founder of Home Depot, Bernie Marcus, explains how disconnected Washington is to the small businessman and how they are being destroyed, contrary to the phony rhetoric that comes from that source.
in reply to: Miscellaneous #4411Bernanke and Geithner come to mind after reading the true accounting of what really took place prior to the sinking of the Titanic.
http://news.yahoo.com/s/nm/20100922/lf_nm_life/us_britain_titanic_book
in reply to: Miscellaneous #4410The following is part of the Casey Dispatch letter today:
Termites in the Economy
Dear Reader,
On average, a termite colony eats the equivalent of about two feet of a 2” x 4” board every year.
Not a lot in the grand scheme of things.
Over time, however, their constant gnawing will destroy the integrity of a structure. I can still recall my great surprise when, as a teen living in a surf shack on the Kona coast, the ceiling of my bedroom gave way. One minute, quiet morning – the next, a scene worthy of a Stephen King novel, with tens of thousands of bugs pouring down from on high.
Termites came to mind yesterday while doing a quick pass through my email correspondence… much of it from you, dear readers. It seemed as though every third email had to do with some new regulation or new government agency started in order to pass some new regulation(s).
Viewed in isolation, these manifestations of the professional meddling classes might be of little consequence. But when you step back and view them as the swarm they are, you can quickly see that the termite analogy is a good one. Subtly, these termites are eating away at the foundation of America.
For illustrative purposes only, following is a hastily assembled and woefully incomplete list of just some of what’s going on just behind the smooth veneer of this American life.
Government Departments/Agencies. I don’t know with any certainty how many different federal departments and agencies there are, but there are a lot. Support for that contention can be found by visiting this U.S. government site containing page after page of links to the various departments and agencies. Not having an abundance of time this morning, I copied the names of just those entities that started with A, B, C, or D.
And this is just the tip of the iceberg – and many of these entities are umbrella organizations for yet more sub-agencies and departments.
Believe me, there were over two pages listed. No way I’m going to take up all of our Forum space with them. Their existence is bad enough.
in reply to: From the Sixteen to One Archives #4409Just a reminder: if you have never listened to east Texas Mike voice his opinion it is well worth the experience.
Mike is interviewed each Sunday night on http://www.krld.com by Charley Jones at about 10.06 P.M. Pacific time.
Pod broadcasts of previous Sundays night conversations with Mike is available on demand.
in reply to: From the Sixteen to One Archives #4407Look under “news” for a recent article about Rita.
in reply to: From the Sixteen to One Archives #4408Her is another, “I wonder if” about Rita Hosking. While refiling and organizing our Sixteen to One maps, I noticed (for the first time) the name Hosking Raise. It was in the early days in the upper workings and south of the Sixteen to One shaft. I was not familiar with the Hosking name (or a Hosking who worker as a miner) until Rita hit the KVMR FM radio.
Thinking of names in the past, does anyone know of an off spring of Tom Bradbury? Tom, the founder of the Sixteen to One vein in 1896, is buried in the Alleghany cemetery. I wish to honor his mining prowess with a large white quartz rock that was brought to our office from deep underground. Is it necessary to get approval from an ancestor before extending this honor to him?
in reply to: Risk Management Strategies #4406As a canvas painter, I sometimes refer to it as the “rubber-band effect”….the harder the pull, the bigger the snap.
There are times when I paint, and curiously times when I never paint, building the momentum for when brush hits the canvas (this is never intentional, it just happens this way)…usually the result is an explosion of something entirely new, and good.
The underground is waiting. The political and regulatory caltrops have been thrown down in front of this mine’s main focus for a very long time (pulling the rubber-band), and the obstacles have never stopped the next pocket.
This is the time!
in reply to: From the Sixteen to One Archives #4405Martin…are you linked into FaceBook? This is a great question for Rita on that forum. I know she comes from a mining background.
in reply to: Risk Management Strategies #4404I heard on CNBC yesterday that
Gold is becoming the “other”
currency “world-wide”; not only
in places like Sierra, Trinity
Counties. Each pocket found in
the Origsix is like a “Jackpot”
waiting to happen.in reply to: From the Sixteen to One Archives #4403I wonder if the Hosking fam.
mentioned had relatives in Yuba
and Sutter Counties?in reply to: Gold Enters Major Bull Market #4402Gold $1274.70
Silver $20.79David Levenstein reports from kitco.com this morning:
Last week the price for spot silver traded above $20/oz and the bullion banks increased their net short position to an almighty 61,798 contracts, or 309.0 million ounces of silver. The ‘4 or less’ traders are short 256.0 million ounces. That means that for every ten cent increase in the silver price they incur a “paper loss” of $25,600,000! (Silver is now trading around $20.50)($20.79).
This surge in investor demand for silver signifies a resurgence of the importance of silver as a store of value. Silver was recognized as more precious than gold when bartering in ancient Egypt. Silver’s use as money in coin form began around 2600 years ago. The Lydian (present day Turkey) Trite is considered by many experts to be one of the first coins used as money. It was made of “Electrum”, a silver and gold mixture. Egyptian silver in coin form began appearing around 300BC.
Silver and gold have stood the test of time, as a medium of exchange, a store of value and a safe haven in times of turmoil while the history of fiat money has always been one of failure. Every fiat currency since the Romans started diluting the silver content of their Denarius has ended in devaluation and eventual collapse of both the currency and of that particular economy.
For the very first time in our history, all money, all currencies, are now fiat. The Federal Reserve first issued its debt based paper money in 1913. Since then the US dollar has lost 95% of its value.
in reply to: Risk Management Strategies #4401The gold seizure, that has happened in 1933, may happen agein if things become bad enough.
In 1933 it was smart to have gold jewelry rather than coins, bullion or certificates.
To read the orginal wording of President Roosevelt’s gold seizure order go to: http://en.wikipedia.org/wiki/Executive_Order_6102
in reply to: Gold Enters Major Bull Market #4400Gold $1267.10
Silver $20.55Bob Chapman made the following comments on the Gold Report a few hours ago:
If you look at the figures for the last seven years, you’ll find that every currency in the world went down versus gold. In the first six months of 2010, most of the major currencies went down 12% or 13%. The final arbiter here is gold. The question is who’s going to win? Is gold going to become the ultimate currency or is it the dollar or will it be another currency? It’s hard for another currency to compete with gold with all the debt out there and all the problems the world’s got when you have a fiat currency that’s backed by nothing. The only currency out there that has a backing of gold is the euro; it used to be that 15% of the currency was backed by gold, but now it’s about 7%.
in reply to: Gold Enters Major Bull Market #4398The precious metals are having a good day:
Gold $1272.50 UP $27.50
Silver $20.46 UP $ 0.41As these metals rise in price, one thing is for sure: our money is losing its value.
in reply to: How to Approach Thin Veins & Cost #4397Here’s a discussion in exploration-processing.com about the historical Pickle Crow mine in Ontario, CDN:
in reply to: Gold Enters Major Bull Market #4396in reply to: Gold Enters Major Bull Market #4395A good long-term forecast for gold prices comparing the Dax vs one ounce Gold. The accompanying videos explain the logic and the conclusions.(in german) By 2015, the Dax will have declined to 1500, and gold appreciated to €3000.
in reply to: How to Approach Thin Veins & Cost #4399I have news for all: Gold spot
went well over $1200 and $24
increase today according to CNBCin reply to: Gold Enters Major Bull Market #4394Gold $1248.70
Silver $20.13Richard Russell:
What was the stock market telling us by handing us a decade of losses? The answer is that the stock market was telling us that the era of frivolity and good times in the US had come to an end. Something very fundamental had changed.
…To wipe out 10 years of stock gains is a most unusual feat. I think it means the end of equities as the magic and guaranteed road to riches. It’s the end of Warren Buffet’s thesis that you should “buy good stocks and hold ’em forever.” What this means is that Americans can no longer be certain of their retirement. It means the end of the time-honored American dream that “My kids will have a better life than I had.”
It may also herald the end of America’s leadership on the world’s stage. America will be just a republic as the Founding Fathers wanted it to be — not an empire.
…In the big picture, I believe we’re going to put fiat money to the test. Fiat money allowed the US to experience boom. Fiat money produced the tech bust, the equities bust and the housing bust. Fiat money is the vehicle that is created and sponsored by the world’s central banks. Fiat money will prove to be a fraud. Out of the graveyard of fiat money will emerge real intrinsic money — gold. But gold’s time has not yet come.
The gold bull market is a very strange bull market. It’s a bull market that has progressed without the participation of the US public. That will change. When it comes, we will finally experience the speculative third phase of the gold bull market.
…The more I see of Obama, Summers and Geithner, the more I want to have all my money in gold. The Washington establishment is a menace to this nation. Don’t bother fighting them, just protect yourself. Remember, you can still swap fiat junk for real money.
in reply to: Gold Enters Major Bull Market #4393Eric King interviews James Dines in the following link, learn the truth:
[audio src="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/11_James_Dines_files/James%20Dines%209%3A11%3A2010.mp3" /]
in reply to: From the Sixteen to One Archives #4392Well, good things happen to those of us who have faith and perseverence!
Facebook just announced Rita and Sean’s release of the CD recorded live underground in the Original Sixteen to One Mine and they all instantly sold out.
Check Rita Hosking on FB. HUGE NEWS from both the creative front and the underground workings!!!
in reply to: Gold Enters Major Bull Market #4391Gold $1254.80
Silver $19.91Technically speaking, the price of gold, silver and the two major precious metal stock indexes, the HUI and the XAU, have arrived at resistance levels.
This is a time when the dark side forces flex their scare tactic muscles to overwhelm unsuspecting buyers.
If resistance levels fall, be prepared for a surge in prices. Being conservative, expect temporary sideways action to softer prices to follow for, at least, the very short term.
in reply to: Gold Enters Major Bull Market #4390Weekly closes:
Gold $1246.60 UP $8.70 or 0.007%
Silver $19.85 UP $0.79 or 4%
The daily chart of the Gold/Silver Ratio from stockcharts.com which is linked here http://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER clearly shows that the stage is set for silver to outperform gold in the months ahead on a percentage basis as the amount of silver required to purchase an ounce of gold declines.
The ratio is currently under the 50 and 200 day moving average lines which indiates that there is significant chart pressure for the ratio to continue lower thus making the conversion into silver from gold more expensive. Although gold will continue to advance, silver is just going to become more expensive relative to it.
Although silver is approaching the round number of $20 an ounce, some type of resistance should be anticipated. The recent weekly trading range for the ratio has been from the 68 to 70 area down to 62 which may indicate with a ratio last of 62.85 that the metal may be due to take a breather with the ratio ticking up.
If the recent buying pressure continues and silver smashes past the $20 level and below the 60 to 62 area on the ratio chart, the metal could easily catch fire. Beware of the price volatility in silver. It’s safer to buy in down markets as daily trading is greatly influenced by the dark side who control daily swings for profit to a great extent.
In the event silver backs off, a scale down buying program would be prudent considering the probabilities are growing that silver will be seeking higher levels sooner or later.
Leaving money with the banks doesn’t cut it for me as almost all of them are fundamentally insolvent, believe it, along with the interest they pay doesn’t come close to keeping us even with rising food prices at the supermarket. So, the idea of silver and gold coins is a no brainer. Keeping them out of bank boxes is another step in the right direction.
In the very near future the IRS will be requiring purchases of $600 and more to be reported to them by the sellers of especially, the precious metal coins and bars.
With the price of gold being so expensive for most people, it is envisioned with the new requirement that there will be significant demand for silver coins in small lots for those who still conconsider their financial matters as being their own personal business and as a hedge against continuing currency debasement.
The most convenient conservative way to position yourself for the expected higher silver market is by purchasing the 90% silver/10% copper U.S. coins minted prior to 1965. These are easily aquired from coin dealers or on e-Bay but watch the premiums over silver content. After a little investigation, it will become apparent to you what percentage premium is the cheapest.
Disclosure: I have been acquiring silver since 2004 and plan to purchase it on a continuing monthly basis going forward.
in reply to: Miscellaneous #4389The following is a short exerpt from today’s Casey’s Dispatch:
And the mining industry added 8,000 jobs, as you would expect it to. All to the good, until the next round of legislation sends this and other “dirty” businesses back into retreat. (A major overhaul of the U.S. mining regulations was temporarily shelved because the Democrats were concerned it would hamper Nevada senator Harry Reid’s reelection chances. After the elections, expect it to resurface.)
in reply to: Gold Enters Major Bull Market #4388Thanks for scooping the letter and posting! Before anyone reads my words, please scroll down and read what I am responding to.
Two major things come to mind:
1) Diversification, if we can, putting our money/assets or hearts in the best places we KNOW are solid. Gold, and the Original Sixteen to One Mine, is a grand choice. I remember 1ozt gold-bars offered and wish I had purchased many form the Mine (I still hope to, and there is positive potential for this.)
2) RECOGNIZE, in the latter part of the article posted below…how the manipulation of things in Washington is an attempt to buy votes.
So, I implore everyone to read the entry below.
My personal feeling is that our GRAND USA is one made of strong self-determination and optimism of outcome! recognition of
in reply to: Gold Enters Major Bull Market #4385I rarely copy a newsletter to our FORUM. Marc Cuniberti is a local host of a weekly radio show on KVMR FM 89.5. It’s a quick read. MMM
Money Matters Newsletter: Market Rally reflects investor hope! We are not done says Wall St! Update Sept 1, 2010
Marc’s Notes:
The market shot up on today’s open because of hopeful news from China that counter acted the recent onslaught of dire news pieces that have pummeled the US markets. You have to admit this market is dying for good news and any hint of it sends the indexes soaring. Keeping that in mind we must realize investors are still very positive on the “recovery” and believe the spin coming from the Wall Street Cheerleaders, amazing as that may seem. I find it incredible that also out today was a bad hiring report showing more job losses yet the market ignores that and focuses on China. What this tells me is that we are nowhere near a bottom as contrarian economics says when most investors give up, a bottom is near. With all this “hope” and investors buying ANY good news, they are nowhere near capitulation. This means the markets still have buyers waiting so we are not done going down, but these rallies can be violent. Wow, up 230 as I write this.Gold is looking great still and we are looking to close out our UNWPX when it doubles, but we are still a long way out from there. Meanwhile our dividend payers are holding up, those that didn’t get stopped out that is.
This thought made me mad yesterday. I was thinking about that Flash Crash a few months back and how many listeners, clients and investors got stopped out of their positions way below their stop prices. The markets rebounded immediately and good people lost positions and profits to Wall Street. This was a blatant fleecing of the American public. The SEC could have negated the whole day, or at least paid people what their stops said, but know, you got railed and Wall Street Brokers got great deals on shares sold to them way under market, then these shares immediately went to real value and the brokers got all these shares in the end. Is it possible these houses needed money and engineered this thing? Maybe. Or maybe they just saw a good thing come their way and said too bad. Do you think if the brokers and banks were on the burnt end, they would have had the trades reversed?
Of course.
This whole market, this whole bail out thing, this whole bank rescue, its all a disgraceful sham, sanctioned by Washington in exchange for campaign money. The system is rotten from stem to stern.We as investors are stuck with it however. So we do the best we can. Realize this market is now one big casino, where you pay your money and take your chances. When even legitimate stops and protections are by-passed thru flash crashes, you have to wonder where can we go for protection, to keep what we earned.
The answer is TRUE DIVERSIFICATION.
That means:Gold and Silver in possession. Overseas money. (Offshore).
FDIC SAVINGS ACCOUNTS where they have to guarantee your money. (Not money market funds by the way).
Dividend Paying stocks, not NON PAYING mutual fund or stocks.
Gold and Silver funds and stocks. Overseas stocks.
Your primary residence. Foreign Currencies. Energy.A bit in gamblers plays if you are a sophisticated investor and can tolerate loss possibilities.
Gun, Garden, Dog, Jeep, Gas, Cash, Friends, Family, Local contacts, debt free, healthy and mobile.Stay tuned for FALL market activity. Tis’ the season. Its about to get volatile.
Upcoming Show Tomorrow: THURSDAY Sept 2, 2010. Noon PST.
“You Print, I Print”.
I describe the relationships between countries and currencies when one entity prints massive amounts of money (debt) and how it affects other economies and currencies. Important topic to comprehend so listen in.
All for now,
MarcMoney Matters Newsletter: Market Rally reflects investor hope! We are not done says Wall St! Update Sept 1, 2010in reply to: Miscellaneous #4387The following are some beginning exerpts by Vedran Vuk in today’s Casey’s Dispatch article, “Regulation to Nowhere:”
Regulation to Nowhere
By Vedran VukChina has some serious economic issues, but many are pointing to the wrong problems. A common culprit is the vast government spending that has created empty cities such as Ordos on the Mongolian border.
At first, the reckless spending on the empty city seems like the apex of government waste. But in a way, this isn’t so bad. In fact, it is a lesser evil as far as government expenditure goes. The United States has had similar projects on a smaller scale, such as the Alaskan bridge to nowhere.
Though many were outraged by the bridge, the spending could have been worse. Think about it this way. The bridge to nowhere would have cost nearly $250 million. The result would have been a redistribution of funds to a select few Alaskans and a useless bridge. Sure, it’s a waste. But suppose that instead, the government gave an additional $250 million to the Environmental Protection Agency or to the Internal Revenue Service to hire more employees.
With a bunch of new environmental busy-bodies to concoct and enforce regulations, we’d certainly be worse off. They would spend their time harassing and intimidating mines, power companies, and other productive industries. As a result, it would become more difficult to operate these important businesses. With more restrictions and obstacles, jobs are lost and costs increase.
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