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- in reply to: Stock exchange listing #3885
Which stocks?
in reply to: Stock exchange listing #38842 more trades today, 414 and 5333 shares, both at $0.0001
Listing on Vancouver may not be a very good idea. From what I have seen, the speculation, maneuvering, etc., is even worse than the OTCBB and/pr Pink Sheets. There are so many “junior golds” listed on Vancouver, that it lends to a lot of email, website, and faxed newsletter “pump & dump” schemes.
in reply to: Gold Enters Major Bull Market #3883Last on gold is $1023.40.
in reply to: Gold Enters Major Bull Market #3879Where do you think all this expanding debt is leading us?
http://www.truthin08.org/widget/
When this debt bubble bursts owning gold affiliated companies or having the metal in your sole possession will help keep you and your family afloat as the financial tsunami that follows will surely put Main Street America underwater.
Believing in Washington’s magic show will leave you baffled and confused when this event comes to pass. Actually, you might just start laughing in disbelief as did the Roman’s when they had to come to terms with their Empire’s demise as a result of towering debt that just couldn’t be serviced anymore.
in reply to: Gold Enters Major Bull Market #3882Last on gold is $1017.00.
It certainly appears that Chinese interests have the cartel on the run.
I guess we’ll just have to wait for COMEX trading later this morning to see if the miscreants can answer back in any meaningful way. If not, Up, Up, Up and Away We Go.
in reply to: Gold Enters Major Bull Market #3878Last on gold is $1008.90.
The following supplied link give perspective in chart form to some items that may be of interest to you.
http://agoracom.com/ir/ECU/forums/discussion/topics/363806-a-few-charts/messages/1216306#message
in reply to: Miscellaneous #3881I live here somewhat locally, and my family loves to prospect. Not having a whole lot of experience at prospecting though, its hard to know where to go that is safe, and that welcomes you. I have seen many pay and pan advertisements in other states that people really seem to enjoy. I know would love to work the tailings of your mine, and i’m willing to bet the gold i havent found yet (and that is quite a bit) that a lot of others would too. So I’m asking would you please, please, please consider it.
in reply to: Gold Enters Major Bull Market #3880Last on gold is $1008.60
Jim Sinclair’s Commentary
Pressure is coming from everywhere to prevent FASB from requiring the truth to be told.
Pressure is even sophisticated as below. Harmonize means don’t !!
Fair value proposals should be harmonised: E&Y
IASB and FASB should co-ordinate fair value projects
Written by Accountancy Age
15 Sep 2009The US and international accounting rules maker should harmonise their fair value revisions, a big four firm has said.
Accounting firm Ernst & Young, said both the US’ Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) should head off criticism of an uneven playing field by coordinating their fair value projects.
FASB and the IASB are trying to converge US accounting rules with international standards.
An outstanding criticism from some in Europe is that the differences between the two systems results in an uneven playfield, with companies in the US benefiting from a softer accounting treatment, in the area of valuation.
Ruth Picker, Global Leader of IFRS at E&Y, said an approach needed to be found which balances the interests of all stakeholders.
“Overall, we believe our suggested way forward achieves both of these objectives simultaneously,” she said
More….
in reply to: Stock exchange listing #3877I believe there is a bank in
Sacto. Valley, First Northern
Bank (FNRN:BB) that has and
still trades on the OTC bul-
letin board. The bank has been
in business for 100+ years.
I understand the cost to the
issuer is much less than being
on an exchange. One might look
in to the idea.in reply to: Two-headed Front #3871Just finished sending Assembly Member Noreen Evans from the 7th District my feeling concerning the Water Board’s illegal attempt at trying to put us all out of business.
All interested parties need to e-mail their Sacramento representatives. The next step should be to march on the State Capitol, get the local news crews out there and have either Jason or Mike explain the facts of life concerning arsenic in Kanaka Creek.
in reply to: Gold Enters Major Bull Market #3874U.S. Dollar closed at 76.64, off 1.53 for the week.
Check out the US dollar chart at the following link: http://futures.tradingcharts.com/chart/US/W
What you will be seeing is a chart of a “train wreck” very similiar to the Enron and Fannie Mae charts prior to their collapse. The dollar has been fighting with heavy overhead resistance in the 90 to 92 area for the past five years. I view this trading pattern as representing a vast amount of pent-up negative energy just waiting to be released to the downside in what should be an historic short term wipeout. Got your gold?
It seems that the last quarter of past trading years for the greenback has usually pointed lower, all with the execption of 2008. Late last year’s strength was attributed to the percieved “safe heaven” dollar buying as the Eastern European banking sector melted down.
Austrian and the Netherlandic bank loans to the developing nations in Eastern Europe were especially high with 80% and 66% of their GDP, respectively. Most of Eastern European problems emanated from the world collapse of the Collateralized Debt Obligations compliments of the American Investment Bankers, including AIG.
These are my feelings based on the condition of the US dollar chart, all hell is about ready to break loose on the downside. The only question that remains is how high will the 98 1/2% of Americans who already don’t hold gold take it when they finally accept the truth that their dollar denominated wealth is in the process of being destroyed?
As Martin Armstrong has stated many times, “Debt equals the destroyer of civilizations.”
China has been sitting on the alarm button for months now. Calling its gold home is one of the most significant developments in recent years that should alert responsible folks that big financial shifts have already started.
The Wall Street money junkies have ruined it for all of us. There is no leadership in Washington or statesmen anymore. Moral decay is at its height being fostered by an arrogant government that continues to be absorbed by its needs for more power and greed.
I heard the other day that 98% of Americans were against bailing out the banks. Henry Paulson is what’s wrong with this country and what does Congress do about him and his likes? They do nothing because our representatives take their orders from Goldman Sachs and the other Wall Street Banksters. Why doesn’t Obama do something about this cancer in our system? Would it have anything to do with the $1,000,000 that Goldman contributed to his campaign?
Each and every American is responsible for $235,000 of the nation’s sky-high debt. One can only wonder what’ll it be next year at this time?
What does this mean for people who are broke? Does this mean in the future that our children and our grandchildren will be in servitude to the banks or the government? Does this mean a return to feudalism and slavery for the masses?
Capitalism is the only system that really works. Then I ask you the following question, why does Wen Jiabao, Premier of China support captalism to a far greater extent than our own president????
Rome made great accomplishments during it day as did the US, but in the end the Romans were choked to death by TOO MUCH DEBT.
This is the reason why the dollar has much farther to go to on the downside, TOO MUCH DEBT.
in reply to: Gold Enters Major Bull Market #3876A Book: “THE GOLD STANDARD IN THEORY AND HISTORY”, edited by Barry Eichengreen.
This book is an excellent study of how the world backs the value of our money. Gold is still part of it, but there are other Commodities and the consumer price index as away of stabilizing the money of the world. In China the labor market is a commodity, that is now backed by dollars.
The principle of having multiple items of value to back the dollar, or any currency gives a better balance to stabilize monetary value, as well as increase trade with funds to make the trade work. Gold is basically a hedge when inflation expands. The actual flight to over invest in Gold as a hedge does more to destabilize monetary value.in reply to: Two-headed Front #3875Focus.
The purpose isn’t to “get permission”….the government answers to us, unless we drop the ball and forget why we’re free.
No more time to ask permission from the seated idiots. It’s time to act, not re-act.
in reply to: Two-headed Front #3873If you want right some one in Sacramento, write the governor he does have more respect for the need of the economics of gold production to help turn this economy around.
in reply to: Two-headed Front #3872Assembly Person Noreen Evans is the co Author of Sb670, the no dredging law. She is another person in the State Legislature who has very little compassion for miners rights, nor shows much respect for the will of her constituency. She needs to be recalled.
in reply to: Gold Enters Major Bull Market #3869Something that may have eluded us, gold with a close on Friday of $1005.10 set an all-time high weekly close.
Is gold establishing some sound footing in and about the $1000 area with emphasis coming from China readying itself for sustained upward momentum in the months ahead? The following link provides us with some proof that such an event is quite likely:
http://mineweb.co.za/mineweb/view/mineweb/en/page72068?oid=89018&sn=Detail
in reply to: Stock exchange listing #3868Any update on the note that was due in early Summer and mentioned at the Annual Meeting?
Still no willingness to raise capital from shareholders?
in reply to: Stock exchange listing #3870Have you folks thought about being listed on the Canadian Stock Exchange? There is a greater interest in small mine investment in that nation. Also what is future prospectus of development? A detailed future plan of action to increase production.
in reply to: Stock exchange listing #3867Its seems like an appropriate time to expand on common thievery. Gerald Celente recently called these kinds of people, money junkies. They, basically, produce nothing and dealing with them comes at a high price.
Just look what happened with the banks in 1980 when Paul Volcker declared war on inflation and raised interest rates to combat it. During the process the banks were allowed to raise the usuary rates(rates charged on credit cards) from just below 8% to whatever they wanted. Following the taming of inflation Congress conveniently forgot, in the bank’s favor, to return the usuary rates back in line with pre inflation conditions.
Ever wonder why we can’t get rid of our credit cards? The people who can least afford to give away money are being charged anywhere from 20% to 30% on outstanding balances. And let’s say that these banks have direct and indirect ties to the Rothchild’s. Our money “fee handouts” to the banks could very well be shipped abroad and not plowed back into local economies.
If the usuary laws were returned to historical normal levels we wouldn’t be requiring any DC stimulus packages of which we are getting charged for.
Max Keiser says the money junkies are so entenched in this country that it’s like have a serious virus in our A holes that we’ll never ever get rid of.
Your only hope in protecting yourselves is by having a good portion of your wealth in gold coins, not in safey deposit boxes, but in your own personal custody. It’s time to be creative in storing our treasures.
in reply to: Stock exchange listing #3866Let’s put into perspective the trade of buying 10,000 shares at $0.0001 and reselling it at $0.07: that’s a profit of 70,000 percent. Let’s see, buy 10,000 shares for $1 yesterday and sell it all for $700 today. This is the type of crap that gives the market making profession a reputation that it rightly deserve, THIEFS.
in reply to: Stock exchange listing #3865Ryan
Looks like we might have lit a fire and people may start buying into this gold mine.My 30,000 shares cost me from .05 to .75 cents per share so I feel better about it.
I think Mr. Miller would like nothing better then to get back underground with a crew,and I am convinced that he can and will find the most spectacular pocket the mine has ever seen.
Putting California back on the map as a gold producing State.in reply to: Stock exchange listing #3864Looks like someone bought a couple of blocks today at 7 cents and 15 cents.
Say, is there an update on securing a loan to replace the note that was called at the beginning of summer?
in reply to: Stock exchange listing #3863Whoa, wait and halt this conversation for a second. What did I just read? Did someone actually sell 10,000 shares of stock for $10? I agree with both of the previous entries here about the buyer. If the broker bought the stock or bought it for his client, he scored some fast value.
What about the responsibility of the selling agent for his client to his client? Is there a stock brokerage due diligence code? Is there an enforcement agency to oversee and confront those who screw the client on the sell side?
I’m shocked. I’ll pay the new owner a hundred times profit in one day with a check for $1000, which computes to “earning” an annual percentage rate too high for me to compute.
I just don’t get it for following reason as well as well as the obvious.
While the Company is not on any official trading markets, that is not an acceptable excuse. The Sixteen to One has filings with the SEC , it does the required steps that all public companies must take to stay in operation: notices, shareholder meetings, minutes, file corporate papers in Sacramento, keep a web site, keep an office with regular hours, maintain its assets and pay required State of California and Federal taxes. Original Sixteen to One Mine, Inc can be found by even the most illiterate Internet users.
That seller should be prosecuted or lose his or her license to be a stockbroker. That’s a fact not an opinion.
in reply to: Stock exchange listing #3862Rockroby
All I can tell you is where the Sixteen to One trades today in NY is just like turning back the clock to the lawless Wild West Days, and playing on their turf, to boot.
The jerk NY market maker who bought the 10,000 shares for a buck is as shameful as they get. Most of the responsibility for this disastrous trade rests on the shoulders of the registered rep who let this trade be executed at such a ridiculous price, $.0001, totally laughable and sad at the same time.
You have no idea at the scum-bags that actually work in this industry today. Many of them take absolutely no pride in their work.
The bottom line for this trade is that the client will have to submit a check to the broker for his commission deducted from the principle amount on the gross trade creating a deficit. Since the Orignal Sixteen to One is, more than likely, not programmed into any broker’s computer system for an automatic execution it has to be phoned into the trading desk for special handling and that, these days, costs mucho dinero.
The customer could be charged anywhere from $25 to $65 for this trade. So, in what sense is there any benefit to the customer here? He pays to have someone take the shares off his hands for a tax loss? Give me a break!
If I had to offer an opinion, I would speculate that some evil force put through a wash sale to exert pressure on the current shareholders who have their hands full at the moment with more legal intimidation.
The woods are full of people who think they can steal valuable past producing gold properties for a song and a dance from unsuspecting owners through all types of intimidation ranging from paid for negative news reports all the way up to their government connected buddies.
I have seen numerous accounts of low priced precious metal related companies get continually hosed by big investment firms for fun and profit in Canada to the point where a reasonable person would wonder, where are all the regulators?
We live in a society where morals are losing their age-old value as we witness an historic financial breakdown in this country.
When I was an Exchange broker and was given an order to sell for a customer and there was an absence of buyers I never hit the market makers bid, especially on an inactive stock. I took pride in representing the customer and looking out for his best interests. Many times I called the company and spoke to their Treasurer asking if he knew of any interest to buy shares that were not being represented on the floor. On occasion, it didn’t take too long until an order surfaced, sparing customer from the market maker’s low-ball bid while saving him a considerable amount of money.
Remember, just like the way the bullion banks sell gold on the COMEX, it’s not necessarily their intention to get the best price but it has been mostly their desire to SET THE PRICE.
And WHO does setting the price benefit?
in reply to: Stock exchange listing #3861Stock went down today from .01 back down too .0001.
And I still can’t buy it on the open market for .85 cents,anyone find out why this is happening yet?
It does seen easier to get through my U.B.S. account just can’t buy through online trading.
Gold just went over a thousand dollars an ounce again.Californians have always headed for the hills to make a little extra money during high unemployment and now the State has taken away dredging.I guess that the State would rather have a bunch of pot growers in the hill’s(and they can cause a lot of damage)then people looking for gold.
Things must change or this State will find itself in one hell of a lot trouble,well more trouble then it already is.
Let’s open up 100 gold mines in this State and put us back on the map as the Golden State.in reply to: Ideal Time for Facts #3860Let’s all remember our chemisty, our history and especially remember our adversaries.
All elements present in our environment pre-date humans.
We mortal animals shouldn’t try to spin it any other way. Otherwise, we’ll look like idiots. After all, compared to 4.6 billion years……
in reply to: Ideal Time for Facts #3859Fact Sheet on Mercury Pollution from Coal-Fired Power Plants in Kansas
Prepared by Kansas Chapter, Sierra Club – 10-06-06
Summary. Coal fired power plants are currently the largest single source of airborne mercury emissions in the United States. Airborne mercury emissions travel tens to hundreds of miles before depositing, primarily in rainfall, into lakes and streams where it accumulates in fish that may be eaten by people. This adds to uptake via seafood consumption. The EPA recently announced that 1 in 6 women of childbearing age in the US have blood mercury levels that could be harmful to a fetus. Fish mercury levels in Kansas lakes have been increasing.
in reply to: Water and Arsenic: which came first? #3858Chuck, nice stuff. Keep it up.
Interesting to note is the environmental mercury factor, often lost in the debate when gold mining takes its undue hit from the un-informed masses that hear the word “mining” and think of disasterous results from killer biproducts like arsenic and mercury.
I hear this disconnect often, especially when the Original Sixteen to One is grouped together with the toxic cyanic-recombination reaction leach field mines of the barren streams in Colorado and neighboring states. The Original Sixteen to One clean gold-mine encounters only water, quartz, associated minerals and a drill-bit…for the Orinal Sixteen to One, its been years since the milling process was used, and even back when it used the mill and when mercury was used in an regulated “green” way, it was only used in a completely regulated and documented closed retort system. (Now the mine only targets highgrade deposites, uses no mill, and therefor no other methods of recovery than metal detectors; no byproduct but clean water and sand.)
[For new readers, the former use of mercury in the mill-recovery-process is still “green”…no mercury was ever released into the environment; its recorded use is documented, regulated by Federal Mining Health and Safety …and, for the record, all regulations were met.]
[Here’s a small reminder of how mercury is used in gold recovery: when gold-quartz is crushed, mercury can be introduced as a “PacMan” gobbler until the mercury is saturated with the gold, since mercury in the liquid state attracts mico-gold particles, being of a higher specific gravity and in a liquid form at ambient temperature. Once the mercury is saturated, it can be retorted (this means heating it to a gas state, leaving the gold behind, while the mercury is re-captured into a closed environmental lab situation, then cooled back to its original volume as it returns from a gas to a liquid in the beaker; nothing released into the environment, all volume of mercury recycled.]
This wasn’t always the case. Back in the 1800s gold-rush days, sleuce-boxes were lined with mercury and then the gold was recovered in open-flame mercury release systems, and unfortunately ignorance of the consequences resulted in the settling of mercury in the eastern California water-courses where it remains today. BUT…here’s the kicker:
Where did the old miners get their mercury?
They found naturally occuring (environmental mercury) in the western foothills north of today’s Lake Berryessa and continuing north into the volcanic regions of Clear Lake where the Gysers are today.
NATURALLY OCCURING MERCURY was mined there, and then introduced into the gold-rush eastern California streams in amounts never even used today, even in closed retort systems. Mercury has taken a bad hit as a toxic bad-guy, when it is one of the elements placed on this planet. And somehow, some “green” advocates haven’t taken the time to understand this and continue to associate mining of gold with toxicity, then blame then entire concept. Ignorance on parade.
I am astonished to find how few people raising the “green-RED-flag” HAVE ZERO UNDERSTANDING OF HOW NATURALLY OCCURING ELEMENTS OCCUR NATURALLY!
This is exactly what the Original Sixteen to One Mine is encountering with the CRWQCB’s miss-understanding of naturally occuring arsenic above and below the mine in the occuance of arseno-pyrite within the quartz vein system.
Actually, I don’t believe it is a miss-understanding. I believe it is an intentional misrepresentation of geologic fact, with the sole purpose of political blackmail.
in reply to: Miscellaneous #3857However, you may not be aware that suction dredge mining is currently regulated with respect to endangered and threatened species, with seasonal and size restrictions that prevent harm to these species. Suction dredge mining has been subjected to many studies that indicate this activity not only is de minimis to fish and their habitat under current regulations, but this is the only activity that occurs in our state waters that provides mitigation.1
Suction dredge mining creates dissolved oxygen and breaks up compacted gravels, creating the spawning areas, holes and cooler waters necessary for a healthy fish population. The DFG spends millions of dollars to create this same scenario for spawning fish.2
Suction dredge mining removes harmful lead, mercury and man-made debris from our waters. Washington has set up a program, in cooperation with suction dredge miners, to collect harmful metals and debris. Over a 12-month period the Washington Department of Ecology took possession of over 150 lbs. of mercury that had been recovered by suction dredge miners.3
California Mining Journal, Inc.
dba ICMJ’s Prospecting and Mining Journal
cc Honorable California Legislators
1 Effects of Small-Scale Gold Dredging on Arsenic, Copper, Lead, and Zinc Concentrations in the Similkameen River, Washington State Dept. of Ecology, March 2005, Publication No. 05-03-007.
Impact of suction dredging on water quality, benthic habitat, and biota in the Fortymile River, Resurrection Creek, and ChatanikaRiver, Alaska, US Environmental Protection Agency, June 1999.
2 Evaluating the Success of Spawning Habitat Enhancement on the Merced River, Robinson Reach, California Department of Fish and Game, 2002.
3 Miners Clean Washington Rivers and Streams, ICMJ’s Prospecting and Mining Journal, May 2007.
in reply to: Miscellaneous #3856Waterborne Carbon Increases Threat Of Environmental Mercury
ScienceDaily (Dec. 11, 2007) — Mercury is a potent neurotoxin and a worrisome environmental contaminant, but the severity of its threat appears to depend on what else is in the water.
See also:
Earth & Climate
Hazardous Waste
Environmental Science
Geochemistry
Environmental Issues
Sustainability
Pollution
Reference
Mercury poisoning
Soil contamination
Hazardous waste
Pesticide
Researchers at the University of Wisconsin-Madison have found that the presence of dissolved organic material increases the biological risk of aqueous mercury and may even serve as an environmental mercury source.
Mercury is present throughout the environment in small quantities in rocks and in watery environments, including lakes, wetlands and oceans. It accumulates in fish living in mercury-contaminated waters, posing a health risk to animals and humans who eat the tainted fish.
The greatest threat comes from a form called methylmercury, which is more easily taken up by living tissues. The methylation process, therefore, is key to understanding the potential danger posed by environmental mercury, says UW-Madison geomicrobiologist John Moreau.
He presented his research findings at the American Geophysical Union meeting in San Francisco today (Dec. 10).
Environmental mercury is predominantly methylated by naturally occurring bacteria known as sulfate-reducing bacteria. These bacteria – Moreau calls them “little methylmercury factories” – absorb inorganic mercury from the water, methylate it and spit methylmercury back out into the environment.
“The bacteria take mercury from a form that is less toxic to humans and turn it into a form that is much more toxic,” Moreau says. “[Methylation] increases mercury’s toxicity by essentially putting it on a fast train into your tissue – it increases its mobility.”
Many previous studies have focused on the chemical interactions between mercury and sulfur, which is known to bind to inorganic mercury and may regulate how well the bacteria can absorb it. However, scientists do not understand the factors that control the methylation process itself.
“Those studies have related methylation potential to geochemical variables,” Moreau says. “We would like to take a bacterium that we know methylates mercury very efficiently and let it tell us what it can methylate and what it can’t, under given conditions.”
Moreau and colleagues at the U.S. Geological Survey, UW-Madison, the University of Colorado and Chapman University chose to look at the role of dissolved organic carbon (DOC), a richly colored brew created as plants and other organic materials decay into a soup of proteins, acids and other compounds. DOC can tint wetlands and streams shades of yellow to dark brown.
DOC has noticeable effects on bacterial mercury processing. “They seem to methylate mercury better with DOC present,” says Moreau.
In the current studies, the scientists looked at the effects of DOC samples collected from two different organic-rich environments, a section of the Suwannee River and Florida’s Everglades.
“We found that different DOCs have different positive effects on methylation – they both seem to promote mercury methylation, but to different degrees,” Moreau explains.
Because DOC is virtually ubiquitous in aqueous environments, its effect on mercury processing may be an important factor in determining mercury bioavailability.
Moreau and his colleagues are now working to understand how DOC promotes methylation. One possibility is that DOC acts indirectly by increasing bacterial growth, while another is that DOC may directly interact with the mercury itself to boost its ability to enter bacteria.
Although mercury already in the environment is there to stay, Moreau says an understanding of what regulates mercury toxicity is critical for developing ecosystem-level management strategies.
“Strategies to deal with methylmercury production [should] lead to hopefully more efficient ways to reduce human consumption of methylmercury and lead to less potential human health problems,” he says.
Adapted from materials provided by University of Wisconsin-Madison.
Email or share this story:| More Need to cite this story in your essay, paper, or report? Use one of the following formats:
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University of Wisconsin-Madison (2007, December 11). Waterborne Carbon Increases Threat Of Environmental Mercury. ScienceDaily. Retrieved August 29, 2009, from http://www.sciencedaily.com /releasesin reply to: Miscellaneous #3855In late September 1977 a local air taxi operator sighted a large shark stranded on a beach 16 miles southwest of Ketchikan, Alaska. Fisheries biologist Robert Larson examined the shark on 30 September 1977. The adult male White Shark was 15 feet 4 inches in total length. Upon dissection of the shark’s stomach about “”***100 opaque circular objects were discovered, each about 0.25 inches in diameter. John E. Fitch, Research Director, California Department of Fish & Game, Long Beach, subsequently identified them as lenses from fish eyes, most probably salmonids.***”” The number of lenses present in the shark’s stomach suggests that fish might provide a larger percentage of adult White Shark nutritional requirements than previously thought. Although White Sharks appear to prefer pinnipeds (seals and sea lions) as their main staple after attaining maturity, they still consume fish. This fact has been overtly omitted, or frequently understated, over the last two or three decades by some White Shark researchers. The irrefutable evidence from this stranding tells us that adult White Sharks are apparently opportunistic predators and will readily take any prey species that is available.
in reply to: Miscellaneous #3854————————————————————
|SENATE RULES COMMITTEE | SB 670|
|Office of Senate Floor Analyses | |
|1020 N Street, Suite 524 | |
|(916) 651-1520 Fax: (916) | |
|327-4478 | |
————————————————————THIRD READING
Bill No: SB 670
Author: Wiggins (D)
Amended: As introduced
Vote: 27 – UrgencySENATE NATURAL RES. & WATER COMMITTEE : 8-3, 4/28/09
AYES: Pavley, Benoit, Kehoe, Leno, Padilla, Simitian,
Wiggins, Wolk
NOES: Cogdill, Hollingsworth, HuffSENATE APPROPRIATIONS COMMITTEE : Senate Rule 28.8
SUBJECT : Vacuum or suction dredge equipment
SOURCE : Author
DIGEST : This bill imposes a temporary moratorium on the
granting of new suction dredging permits until the ongoing
environmental review is certified. It provides that the
issuance of permits is not a ministerial act, and that,
therefore, such permits may not be issued until a valid
underlying environmental document is in place.ANALYSIS : Under existing law, the Fish and Game Code
prohibits suction dredging except when permitted by the
Department of Fish and Game (DFG) and when consistent with
regulations adopted by the department. The statute
requires the regulations to designate streams where dredges
may be operated pursuant to a permit, streams where
dredging is not allowed, and the time or times of year when
CONTINUED,,
SB 670
Page
2dredging is allowed.
Permit fees for residents are established at $25(47.00 )*unless a
site inspection is necessary in which the fee is $130.(194.00 ADDITIONAL)* The
respective non-resident fees are $100(185.25)* and $220. (222.00 ADDITIONAL)*
Approximately 3000 permits are issued annually.
*LIES YOU NEED TO CHECK THE FEES*It is illegal to use a suction dredge within 100 feet of a
closed area.This bill imposes a( temporary) moratorium on the granting of
( new) suction dredging permits until the ongoing
environmental review is certified. It provides that the
issuance of permits is not a ministerial act, and that,
therefore, such permits may not be issued until a valid
underlying environmental document is in place.Background
According to a recent report by the Sierra Fund, an
estimated 26 million pounds of mercury were used to extract
gold from ore in California. Half of this mercury was lost
in the environment in placer and hard rock mining
operations where it remains in watersheds where it is
commonly encountered. Mercury runoff from these watersheds
is a source of mercury contamination of the California
Bay-Delta.Suction dredgers remove gravel from riverbeds with a hose
powered by an engine. The water quality controversy
involves what opponents characterize as the “tendency” of
dredging operations to “flour”(THIS DOES NOT OCCUR) mercury in the water, making
it more readily available for bacteria to methylate, a
process that converts base mercury into a (developmental
neurotoxin) (NAME IT?) that accumulates in the food chain and that
humans ingest through fish that they consume. (WE TAKE OUT THE MERCURY)(ALONG
WITH LEAD FISHING WEIGHTS)Dredgers may try to separate mercury from any amalgamated
gold, and the recovered mercury is then either stored or
disposed of in an unauthorized (SAYS WHO)manner. Storage of mercury
is subject to regulation also, but there is no available
information from state agencies that mercury obtained by
dredgers is regulated. (THEY WOULD BE REGULATED JUST THE SAME AS OTHER AMERICANS)CONTINUED
,,
SB 670
Page
3Dredging permits issued by DFG state that the applicant
will comply with all appropriate water quality regulations.
However, the State Water Resources Control Board does not
have a program to regulate suction dredging.
The board(WHAT BOARD?) found, however, in a 2003 study, (REFERENCE THE STUDY) that dredging
exacerbates mercury contamination of rivers and streams.FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes
Local: No(ASK THE LOCAL SMALL TOWNS THAT MINERS FREQUENT)SUPPORT : (Verified 5/11/09)
Cal Trout
California Coastkeeper Alliance
California Tribal Business Alliance
Clean Water Action
Friends of the River
Karuk Tribe
Pacific Coast Federation of Fishermen’s Associations
Planning and Conservation League
Sierra Club California
Sierra Fund
Sierra Nevada AllianceOPPOSITION : (Verified 5/11/09)
County of Siskyou
New 49’ers
Regional Council of Rural CountiesARGUMENTS IN SUPPORT : Friends of the River supports the
bill but believes the temporary moratorium should be
expanded to include more than salmon streams.(SB760 COVERS ALL RIVERS,OBVIOUSLY THEY DID NOT READ THE BILL.) It believes
that suction dredging affects wild and scenic rivers, wild
trout populations, other wildlife, and river-based
recreational opportunities.Many supporters categorize suction dredging as a rather
crude technology by which miners “literally vacuum up our
river beds and spawning grounds, and disturb and mobilize
the mercury left behind by gold mining operations” as was
stated in several letters. All of the supporters agree
that the rules governing this practice are outdated.CONTINUED
,,
SB 670
Page
4Sierra Club California and Pacific Coast Federation of
Fishermen’s Associations point to the ban on commercial
salmon fishing and argue that the salmon crisis threatens
thousands of jobs. Sierra Club California concludes that
“It simply does not make sense to jeopardize an entire
fishery, and to ask commercial fishermen to sit idle, while
allowing ongoing environmental harm for a recreational
hobby.” WHAT ABOUT THE DAMS?HOW DO THEY HELP THE SALMON.ARGUMENTS IN OPPOSITION : The Regional Council of Rural
Counties argues that the existing regulations are
sufficiently restrictive and protective and allow
individuals to legally mine their claims of precious
minerals. It points to parts of rural California where
mining remains an important port of the culture, history,
and economy of some local communities. Siskyou County
separately asserted these same concerns.The New 49’ers, a mining advocacy group, argues that no
scientific information points to suction dredging as a
cause in the collapse of salmon, that the collapse is due
to ocean conditions and an over-reliance on hatchery fish,
and that a moratorium would violate the private property
rights of those who have federal mining claims and create
“takings” liability on the part of the state.CTW:nl 5/11/09 Senate Floor Analyses
SUPPORT/OPPOSITION: SEE ABOVE
**** END ****
AGAIN OUR LEGISLATORS FAIL TO READ A BILL (SB 760) THAT THEIR SO EAGER TO PASS. CLOSING ALL THE RIVERS TO SUCTION DREDGEING WILL NOT HELP THE SALMON. ESPECIALLY THE ONES THAT FLOW EASTWARD FROM THE EAST SIDE OF THE SIERRAS. NOR WILL IT DO MUCH ON ALL THE WESTERN FLOOWING RIVERS THAT ARE DAMED UP WITHOUT FISH LADDERS. THE KERN RIVER FOR EXAMPLE HAS NO WAY IN HELL FOR A SALMON TO SWIM UP STREAM FROM THE OCEAN. WE HAVE NO MONEY TO KEEP PRISONERS IN JAIL, YET WE WILL FUND A STUDY AND CRIPPLE AN INDUSTRY THAT PROVIDES 60 MILLION DOLLARS A YEAR TO OUR CALIFORNIA ECONOMY. TO MY KNOWLEDGE A EVNVIRONMENTAL REPORT ON SUCTION GOLD DREGING WAS COMPLETED BY THE STATE IN 1994.DREGERS TAKE OUT MURCURY AND LEAD FROM THE RIVERS WICH ARE FAR MORE DETRAMENTAL TO OUR ENVIRONMENT. IF WE HAVE ENOUGH MONEY TO WASTE IN OUR BUDGET PERHAPS A SELECT GROUP OF RIVERS THAT HAVE SALMON WOULD BE A BETTER CHOICE. YOU GUYS MIGHT WONDER,WHY WE HAVE LOST FAITH. ***
in reply to: Gold Enters Major Bull Market #3853Last on gold is $996.20.
Another stupid statement intended to mislead the public, this time from the Fed chairman.
Recent comments from John Embry, Sprott Asset Management with the contained dense statement from Chairman Bernanke.
One of the most outrageous comments that I have seen in a long time was Bernanke’s testimony to Congress recently when he said, “We also believe that it is important to assure the public and market that the extraordinary policy measures we have taken in response to the financial crisis and the recession can be withdrawn in a smooth and timely manner as needed to avoid the risk that this policy could lead to a future rise in inflation.”
That’s just an outright lie. They can’t possibly withdraw the stimulus. If they did – either raise interest rates or shrink the Fed balance sheet- the economy and the financial system would collapse.
in reply to: Gold Enters Major Bull Market #3849Last on gold is $999.20.
As we hover in the 1000 area on gold and threaten to move into all-time high territory out come the stupid statements:
What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment,” Greenspan said. This guy is as looney as the Water Board.
And not to forget another related stupid statement recently by the CRWQCB: The Original Sixteen to One is a “shell company(new spokesperson for the SEC?).” Senator Wiggins in Sacramento got an earfull about this one last night.
in reply to: Gold Enters Major Bull Market #3852Last on gold is $992.40.
Think about the following statements each time gold gets soft under $1,000.
Jim Sinclair’s Commentary
Into Gold. That is an interesting comment.
China Raises the Money-Printing Alarm
Published: Tuesday, 8 Sep 2009 | 4:40 PM ETAt a conference in Lake Como, Italy, a leading Chinese economic spokesman—Cheng Siwei—criticized Ben Bernanke’s loose monetary policy. “If they keep printing money to buy bonds it will lead to inflation,” said Cheng, “and after a year or two the dollar will fall hard.” Cheng went on to say that China was diversifying its roughly $700 billion of U.S. foreign-exchange reserves into gold. “Gold is definitely an alternative, but when we buy, the price goes up,” he said. “We have to do it carefully so as not to stimulate the market.”
in reply to: Two-headed Front #3851I have just forwarded the Mountain Messenger article to State Senator Patricia Wiggins representing my District in hopes of opening some eyes in the State Senate as to the childish behavior and incompetence of the Central Valley Water District Agency.
More should chime in with their State representatives.
in reply to: Two-headed Front #3850The Mountain Messenger newspaper published its opinion on State Water Board treatment in rural Sierra County in its September 3, 2009 issue. Find it on this web site under NEWS.
in reply to: Two-headed Front #3847Bluejay, in response to your suggestion below:
September 8, 2009
Dear Dr. Tomas Chaize
A gentleman interested in international gold mining recently presented you to me. I contact you to introduce the gold producing company in California, which I have held the office of President for over twenty years.
Due to some unusual interferences and very poor production in 2007, our performance requires and will improve with an infusion of working capital. China seems to have an awakening to the future value of gold and seems to have the dollars to consider investing in gold mining. (Americans with large amounts of dollars seem to ignore gold as a valuable asset).
Original Sixteen to One Mine, Inc is the oldest American gold mining corporation still operating. It has much undeveloped property and a strong record of proven production. It has sound plans to develop its mines beyond the current activity, especially as gold hovers around the exchange rate of $1000 for one ounce of gold.
Securing working capital is my highest priority. You are invited to examine the company for the possibility of introducing this rare opportunity to take part in the on going development of one of the world’s most under achieving gold districts. The Company realizes that potential investors may have varying reasons for investing. We are creative and are willing to adjust the return of capital and profit to suit the investor.
Please contact me so I know you received this invitation. Your questions will receive a quick reply.
Michael M. Miller
President and Directorin reply to: Two-headed Front #3846Here’s the link:
in reply to: Two-headed Front #3845The link below is to an article concerning China’s growing appetite for natural resources, especially oil. It is written by Thomas Chaize from France. Mr Chaize has done some important work in the past concerning “Peak Gold.”
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