Posted by ipso facto
@ 10:37 on July 24, 2014
The proposed open-pit copper and gold Pebble Mine will not be built, according to billionaire mining financier Robert Friedland.
“The United States Environmental Protection Agency has just killed the Pebble Mine in Alaska. It will not be built,” Friedland said Wednesday during a presentation at the Sprott Natural Resource Symposium Vancouver.
Last Friday, the EPA suggested it might invoke a little used provision that may block the mine’s construction.
The Pebble deposit, near Bristol Bay, Alaska, holds an estimated 55 billion pounds of copper and 67 million ounces of gold. If developed, it would be one of the world’s largest open-pit copper and gold mines.
Pebble Mine will not be built: Friedland
Posted by ipso facto
@ 10:20 on July 24, 2014
US Manufacturing PMI Drops, Biggest Miss On Record
Tyler Durden’s pictureSubmitted by Tyler Durden on 07/24/2014 09:50 -0400
But, but, but… the rest of the world’s PMIs are soaring as soft-survey data trumps any hard data facts. US Manufacturing dropped from 57.3 to 56.3 despite analysts that were convinced it should rise further to 57.5. This is the biggest miss on record, and the 2nd miss in a row. In spite of soaring markets proving the recoverty is just picking up and accelerating, new export orders weakened, manufacturing production fell, input costs surged, and employment tumbled to 10-month lows. But, stocks are surging on this dismal news…
more
Posted by Farmboy
@ 10:07 on July 24, 2014
If ‘she’ finds it, just don’t let her use it ok?
Just wanted to give everyone a shout this morning. Heading out to clean up a rental house so you folks hold the fort for a bit.
Check back in a little later with ya. Farmboy
Posted by Samb
@ 10:06 on July 24, 2014
I keep reading that the manipulators are losing their grip based upon the quick snapback after the 2 day flash crash. But, but, but they accomplished their mission, imho. Now that the dust has cleared, we can see that the snapback produced a lower high and as of today a lower low. So, the Intermediate up trend was capped at only 6 weeks where normal should be 4 and 1/2 months., the normal cycles are still broken.
Posted by ipso facto
@ 10:02 on July 24, 2014
The disappeared Air Algerie flight AH5017 has crashed in Niger after flying through violent storms, it has been confirmed.
Algerian television station Elnahar confirmed the plane went down due to bad weather and an Algerian aviation official had told Reuters flight AH5017 had crashed.
The region was badly affected by violent storms and it was earlier said the plane was rerouted while it was flying over Mali.
http://www.ibtimes.co.uk/breaking-air-algerie-flight-ah5017-crashes-niger-due-bad-weather-1458125
Posted by ipso facto
@ 9:59 on July 24, 2014
Jihadists in Iraq Order Women Undergo Genital Mutilation
(AFP) — Jihadists in Iraq have ordered that all women between the ages of 11 and 46 undergo female genital mutilation, a UN official said Thursday.
“It is a fatwa (or religious edict) of ISIS, we learnt this this morning,” said Jacqueline Badcock, the number two UN official in Iraq.
She was referring to the Islamic State, formerly known as the Islamic State of Iraq and the Levant (ISIS) which took over large swathes of the country last month.
http://www.breitbart.com/Big-Peace/2014/07/24/Jihadists-in-Iraq-order-women-undergo-genital-mutilation
Posted by Buygold
@ 9:53 on July 24, 2014
The Oasis could use a good positive influence like you today. I’ve hidden AuGirl’s button.
Hope she doesn’t find it!
Posted by Buygold
@ 9:50 on July 24, 2014
Seems like they’d want to use the 370 for something a little bigger as a false flag. Just sayin’
Posted by Buygold
@ 9:48 on July 24, 2014
Well, most USD watchers focus on the Euro because it’s such a heavily weighted part of the index. IMHO what we should be watching is the Chinese Yuan and maybe to a lesser extent the Ruble. The Yuan is at its’ highest levels vs. the USD since March. Santelli has mentioned it twice now in the last two days.
So, we watch the Yuan and maybe Germany to see if they stay in the EU. Could be awhile though.
Posted by macroman3
@ 9:47 on July 24, 2014
Exactly the opposite of whomever is postulating it was MH 370.
Wouldn’t be the first time sensastionalism was used for page hits.
Posted by ipso facto
@ 9:44 on July 24, 2014
The Dutch are getting their people’s bodies back. DNA will tell if they are the passengers from the shootdown in Ukraine.
Posted by Moggy
@ 9:38 on July 24, 2014
Check out the pic at the end, should be meaningful to all veterans.
Preparing for War
Posted by Maya
@ 9:37 on July 24, 2014
It takes a specially tuned diesel engine for these high altitudes and dust, working the mountains of the Atacama Desert in Chile.
http://www.railpictures.net/viewphoto.php?id=490585
Posted by Farmboy
@ 9:36 on July 24, 2014
A little something special this morning.
The True Story behind the Star spangled banner !
Posted by ipso facto
@ 9:33 on July 24, 2014
Seems to be a contagion going on. Airliners falling like flies.
Posted by Buygold
@ 9:26 on July 24, 2014
silverngold – ya gotta know that if Ipso is getting impatient then it’s preety bad right now.
He’s the most positive guy I know!
Posted by ipso facto
@ 9:18 on July 24, 2014
Hope your long term chart works out. I must confess I’m getting a bit impatient with this lengthy correction!
Posted by Buygold
@ 9:11 on July 24, 2014
Submitted by Tyler Durden on 07/24/2014 – 07:29 
Update: According to AP, the missing Algerian plane went down in central Mali, citing a U.N. representative, contradicting earlier reports that it crashed in Niger.
Not a day seems to pass in the past week without some airplane catastrophe: first over Ukriane, next over the South China Sea, now in western Africa over Mali where moments ago Air Algerie reported said that it had lost contact with one of its passenger aircraft carrying 116 people on board, nearly an hour after takeoff from Burkina Faso bound for Algiers. And what is most stunning is that just like in the MH17 case, the flight lost radio transmission shortly after it was ordered to change its course due to “poor weather.” According to an Air Algerie source “the plane was not far from the Algerian frontier when the crew was asked to make a detour because of poor visibility and to prevent the risk of collision with another aircraft on the Algiers-Bamako route. Contact was lost after the change of course.”
Posted by ipso facto
@ 9:11 on July 24, 2014
Indonesia to cut mineral export tax if miners pay smelter bond- official
The move will allow mining companies to restart exports even if they have yet to complete smelters that would allow them to process more ore on Indonesian soil.
“If you want to build a smelter then you’re eligible for a lower tariff for the concentrate export tax,” fiscal policy chief Andin Hadiyanto told Reuters, adding that no export tax would apply to finished metals.
The change comes six months after the government imposed a controversial escalating tax on shipments that brought copper exports to a halt. The tax was intended to force miners to develop smelters and mineral processing facilities and part of a government push to derive bigger returns from Indonesia’s mineral resources.
The new rate would be less than 10 percent, and scale down to zero as a firm’s smelter construction progresses, Hadiyanto said, while miners that did not have smelter projects in the works will remain subject to the escalating tax rate of up to 60 percent.
http://finance.yahoo.com/news/indonesia-cut-mineral-export-tax-113801241.html
Posted by Buygold
@ 8:39 on July 24, 2014
Just going to go with the simple black coffee today. Looks like it will be a steady drip diet in the gold market so nothing special or celebratory is required.
Winedoc – I hear you my friend. Sinclair has told privately many times that we will prevail, but it has been a very long time and the question is when. No one is getting upside direction right in pm’s these days as we are in full lockdown mode.
Posted by commish
@ 7:55 on July 24, 2014
Posted by Maddog
@ 6:44 on July 24, 2014
and that meant they had to get Gold down below 1300 for Mondays options expiry, before they all piss off. Yes Janet and Jamie all under control, Gold under 1300 and the SM at record Hi’s, so we’re off …..
I wonder if they invite the CFTC/SEC, or are they just left to watch porn on their PC’s on their lonesomes, while the scum get to live the dream and party with porn stars, while snorting barge loads of Boilivian marching powder and downing lakes of vintage champagne.
Posted by winedoc
@ 6:15 on July 24, 2014
The battle of 1300/21 continues to wage on
Most frustrating 3 yrs, especially watching my equity market friends “hi fiving”
No one said this would be easy
“Boston Richardson Mine, Upper Seal Harbour, NS Circa 1910”
Artist Joseph Druhan
Still stacking Phyzz when I can
Winedoc
PS Way back ……. Walka suggested flipping gold coins with your toes to counteract negative sentiment 🙂
Posted by MadMike
@ 5:16 on July 24, 2014
Please feel free to make the coffee whenever you wish, as a second cup would not hurt. Here is a brand new machine, as I have heard so many reports about the missing status of yours.
PS You cannot make me any madder than the fact I invested in gold stocks!!!
Best Regards
Posted by MadMike
@ 5:09 on July 24, 2014
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