Derivatives: Abuse, Props, Risks
By: Jim Willie CB

What colloidal silver do you take and where do you buy it?  I’ve been meaning to replenish some old stock and my source is no longer active.

These people will be flown from Honduras to the U.S. at taxpayer expense.  Is this a great country, or what?

http://www.nytimes.com/2014/07/25/world/americas/administration-weighs-plan-to-move-processing-of-youths-seeking-entry-to-honduras-.html?_r=1

Is Big Dairy Putting Microscopic Pieces of Metal in Your Food?

Welcome to the Oasis! 🙂

this is the biggest cup and handle in history

Re: LSG, my biggest position. These guys execute. Wait till the next quarterly comes out.

PS Samb … I like Pilot Gold too. Not to put the mortgage money on but it’s a very good speculation.

Oh it’s just an accounting error! Absolutely unbelievable!

I’ve got gadgets! 🙂

Rambus recommended LSG not long a go in the 80 cent range and pow a week or maybe ever earlier it went up big. I am a Rambus subscriber, one of the first, and love the service.

Africa’s Largest Refinery Finds 2.7 Tons Of Gold “Missing” After Computer System Upgrade

Submitted by Tyler Durden on 07/25/2014 15:38 -0400

It’s one thing to implicitly admit that there is a physical gold shortage and as a result nations – such as Germany – are unable to repatriate their physical gold held in the safe and trusted confines 90 feet below the NY Fed, gold which may or may not be there and has likely been leased out exponentially to cover paper shorts by virtually every BIS-overseen central bank (and the BIS paper gold selling team itself of course). It is something totally different to corzine, as in vaporize, 87,000 ounces of physical gold, some 2.7 tons, and blame it on a computer upgrade glitch. Which is precisely what Rand, Afrrica’s largest refinery and processor of about a third of the world’s gold since 1920, has done after it “discovered” that $113 million in precious metal was missing after “adopting a new computer system.”

Bloomberg reports that the refinery in Germiston, a town 20 kilometers east of Johannesburg, has 87,000 ounces of physical gold less than the amount present in its accounting records after “implementation difficulties” with the new system, the company said in a statement today. That’s worth about $113 million at today’s price of $1,296 an ounce.

Taking a page out of China’s infinite rehypothecation scheme, the South African refiner essentially told its investors, most of whom are gold miners, to step up and replenish the missing metal or else investors may come asking questions about their own reported gold holdings. And, it succeeded.

 

http://www.zerohedge.com/news/2014-07-25/africas-largest-refinery-finds-27-tons-gold-missing-after-computer-system-upgrade

Aspengold – don’t own any Midway but have been eyeballing that and Lakeshore (LSG). Both still look cheap and should do well if we can get on a sustained run. LSG was a recent Embry reco.

grin – I’ve found that lately no one can predict what pm’s are going to do. I will say this, the pm shares don’t seem to want to go down anymore and the days of a good metals performance combined with a poor share performance of the last three years seem to be ending. I’m hoping that’s a hint of what lies ahead. I can remember an awful lot of days in the past few years when the metals were up and the shares went nowhere or down. Seems the opposite is happening now with the shares outperforming. Course, that could change next week.

https://www.goldbroker.com/en/news/above-ground-gold-stock-how-much-is-there-why-does-matter-546

me neither, (who)  could predict that volume surge at the end of day?

I remember those posts, they had a smaller float back then.  I owned it and made a nice profit, but bought in $1 range after your reco and sold at$1.70 or so and it went to $3. Never lost money selling a profit early(quote from some famous investor). I have an $.87 average buy in.  MDW had an 8 million share day last month, I don’t think it has ever had a day as big as that in their history. Someone wanted in, in  a big way.

Did really well with US Silver in 2010-2011 and think it was a reco of yours also. Sold when my son was born in May 2011 and glad I did, helped out my accounts real well.

Coral was the only one I have held since 2010 with a mind blowing 120,000 shares, but getting close to being back to even. I really like Coral and just as the board spoke years a go, they want to be a buyout target, all the sudden Barrick is finally sniffing around their property and gave them a little, needed, cash.  Right next to the world famous Pipeline mine with all the infrastructure a golf shot away from Coral. a very strong performer this year on Volume.  Only 40 million shares outstanding. Hmmm

Do you like US Silver with the Reverse Split?  thinking about that one again?

I posted about Midway several years ago on the tent. Got in @ .45 and sold 60% at $1.95.  That 40% left was sold a few months ago @.95 because I needed funds for option trading. MDW is a good stock but, I feel that the PAN project is priced in. Good Mgmt with a superb relationship with Barrick. Solid, imo, but not an All Star. Now, Pilot Gold….there is a lottery ticket!

Wow

Yep, with the banking issues and War, I think Gold should be  heading up or at least stable. Closed at the HOD not to mention GDXJ, wow.  Been buying MDW (Midway Gold), does anyone own it here?   The low cost mining, experienced board looks like a winner to me. JV with Barrick  (could be good or bad) and millions of ounces.

Aspengold – Yes, I remember your post about the USD, gold and Armstrong. Your post was the one I was referring to earlier. The USD and gold going up together would be a goldbug’s dream.

samb – yeah, I can’t figure this out. After yesterday I’d have thought we were sure to see $1280 today. Could just be the escalation in geopolitical tensions, but the shares responded as well. If players thought geopolitical stuff was temporary, should shares have been this strong? Bonds rallied hard, the USD rallied. I dunno, but it seems to me that maybe the SM is headed for trouble. We’ll have to see how pm’s respond to a real SM correction 10%+ that we haven’t seen in nearly 3 years.

I think it’s the wrong time of the year for gold to be going down for week/months. Anything can happen, but most are waiting for $1050, don’t think it’s going to happen. Nice volume on the close for GDXJ. We could be in for a terrific rally.

both up. I mentioned this in a post a couple of days a go. When gold moves up it will be with the dollar, a la Marty A.

Interesting tool. I believe most of that info is also on the Task Manager. My cpu’s don’t seem out of whack. (technical term) 🙂

Unfortunately I had auto update checked and I now have IE 11 as a browser. I don’t think I can go back … at least not without mucho trouble.

For now I’m just running IE for most stuff and listening to youtube on Opera. Maybe they’ll fix this youtube glitch in IE’s next version.

Cheers

This was a head scratcher for me today. As of yesterday, I had clear signals that the Int. uptrend was over and we faced multi weeks/months of downside action. Today’s action reversed those signals into neutral. Meaning that the last 2 weeks of downside could have been just a daily cycle low with the Int. uptrend continuing for weeks/months. By next Friday’s close we will know the answer.