Loading ...I sure enjoy reading the Deadeye Chronicles. I’m looking forward to reading the few I haven’t seen yet! 🙂
richard640
re Willie
They can keep gameing for ages yet, as there is no-one to stop them…except that they have to keep the SM going north, but with rates held near zero the economy will stagnate/decline as it is now, mainly because the consumers who are the middle classes are being screwed to the wall, they have no spare income at all. So earnings in the SM will start to decline and therefore the P/E ratio will go crazy…at some point they have to back off or drive ratios to insane levels….I hear the Russell is already at 75 times earnings !!!!!!
http://online.wsj.com/mdc/public/page/2_3021-peyield.html
PS the defense of 21.00 in Silver is just so blatant.
Good morning Oasisers :-)
ATAC Announces Positive PEA Results for the High-Grade Oxide Gold Tiger Deposit, Rackla Gold Project-Yukon
Freeport-McMoRan Reports Second-Quarter and Six-Month 2014 Results
http://finance.yahoo.com/news/freeport-mcmoran-reports-second-quarter-120000498.html
Moggy @ 22:07
hi moggy
been a long time grind this gold and silver stuff// lot of good memory’s of the posting over the years
I thought their were many interesting discussions , some laughs , and for sure a lot of thought provoking moments
I certainly trust your mountain home in Georgia is providing you and your pets with a bit of security
how’s your family,? a daughter if I remember right
what is the take for the gold silver going up date in your opinion ‘are we close ..
take care
ment in seattle
Thanks Moggy !
Good to hear it does not fit into work you do. I look for things that seem to tell the same or similar story and then try to use the ‘preponderance’ of information to form some kind of opinion. I think I pretty much have figured out how all this mess is going to end, where might be safe havens of protection. It is the timing thing that I have so little to go on. They have kept the massage game going much longer than I ever would have anticipated. Which seems to point that when things do go south, it will be much faster than most thought.
Enjoy your evening dear one, Best Farmboy
Ps) Thanks for sticking up for me the other day. Its tough being green. ( Big Smile !)
Farmboy
Farmboy asked: “See if this fits in with any of your prognostications if you would please.”
It has nothing to do with astrology, which stands alone. I have not yet done the Full Moon for August but I’ll keep your interesting post in mind when I do.
The Fed
Should continue to buy DEBT until they have ALL us DEBT on THEIR Balance sheet ,not the US TREASURY Balance sheet .THENNNNN
shut them down and send them back to LONDON like Andrew Jackson did ! Maybe while there at it they can take some private debt also like STUDENT LOANS that THEY are responsible for since they are PREDATORY LENDERS .also the Mortgage LOANS under water ….W e need a clean sweep and a new beginning…..Then we need to re-establish some morality to lending and bring back interest rate CAPS .If a loan is so risky it deserved a 24 % interest rate ,it shouldn’t have been made to start with !Why encourage the poor to get into debt they cant possibly get out of ? How is that helping the Poor ? Its immoral ?
Yes Morality needs to be re established…How does the Government justify telling lenders they cant refuse loans to the Poor ,but can charge them 24% interest rates ? This is what Liberals have brought us.! Usuary LAWS need to come BACK .Virginia use to have them ,now you can buy a car and lose your house if you dont pay the outrageous rates..now we have become a Predatory Lender State due to political Contributions by MONEY LENDERS ! Usuary laws set a 12 % CAP on loans to everyone PERIOD .IF Lenders cant live with that ,dont make the LOAN….Give them assistance ! Its cheaper than everybody subsidising bad Loans.
MY Banker friend tells me 2% of credit card loans goes to pay for non payment defaulted loans.What it amounts to is ALL of us pay 2 % more to the LOAN SHARKS to pay the difference .Why give a SUBSIDY to the Money Lenders ! Thats all it amounts to ! Send the FED Packing ! THROW the money changers out of the TEMPLE again…nothing has changed in 2000 years ..
Thanks Moggy, Was Wondering What The BDI Was Doing.
See if this fits in with any of your prognostications if you would please.
I Was Just Thinking, Now That We Have The New Oasis, Maybe I Should…
turn over a new leaf and get in shape myself. I got as far as the Triple Clap Push Up and decided I needed an ice cream. Watching this stuff makes me hungry.
Digging a hole
Venezuela’s Transformation To Socialist Utopia Is Nearly Complete As Its Factories Grind To A Halt
snip
Car makers, including global giants like Ford Motor Co. , Fiat Chrysler Automobiles NV, General Motors Co. and Toyota Motor Corp., have cut output by more than 80% in the first six months of the year compared with a year earlier because of a lack of dollars to pay parts suppliers, according to data compiled by the Automotive Chamber of Venezuela, which represents car makers.
“This is the first time I have ever seen things this bad,” said 61-year-old Antonio Lopez, a Ford worker who recently prepared a sedan for painting at the auto maker’s factory here. The cavernous Valencia plant, about 110 miles west of Caracas, was quiet by midafternoon one day last month, with a handful of workers sweeping up and maintaining equipment on assembly stations.
Across Venezuela, car production and sales has been sliding fast. Balance sheets have been battered, with revenue vulnerable to devaluation and trapped in Venezuela because of currency controls. Auto makers built 36,919 vehicles through June of last year. But only produced 6,161 during in the same period this year, about what Argentina produces in a few days.
…
Economists say the car industry, like newspapers, bottlers and food processors, has been hard hit by a shortage of dollars in Venezuela that has left many companies scrambling to pay for much-needed imports in a country that produces little more than oil. The reverberations in the economy include companies going out of business, a shortage of basic products and one of the world’s highest rates of inflation.
…
“[Sales] volumes are down 75% below 2013, and last year was the lowest level in a decade,” said Carlos Gomes, an economist who follows the global auto industry for Scotiabank. “I think it is fair to say that the situation is alarming.”
Richard640
How’s that pie crust?
grin
At the point where these companies go from losing or making nothing to making a profit will be enjoyable. We should make multiples on some.
I have a bone pile in my Pf of juniors who turned to 5 or 10% of what they used to be. Some have faded away. Que lastima!
No wonder gold is being so ferociously and persistently suppressed—from Jim Willie
JANET YELLEN HAS SIGNALED SHE WILL NOT RAISE RATES TO FIGHT ASSET BUBBLES… SO THE DISTORTIONS CONTINUE, ALONG WITH COLOSSAL CAPITAL DESTRUCTION… TOTAL DEPENDENCE UPON WEIMAR FUNDING IS PERMANENT, QE TO INFINITY ETCHED INTO THE MARBLE FACADES, UNTIL THE COLLAPSE… THE USGOVT DEBT AND FINANCIAL MARKETS DEPEND UPON THE WEIMAR PRESS… THE MONETARY MONKEYS ARE A TRUE TAG TEAM, AS THE WORLD ATM MACHINE HAS SHIFTED TEMPORARILY TO FRANKFURT AT THE EURO-CB OFFICE. $$$
Still new to the post, USFed Chair Janet Yellen delivered the most significant speech yet in her brief tenure. The message reveals a great deal about how she will deal with new risks on the horizon from financial asset bubbles, which the United States as a nation has grown dependent upon for over 20 years. Think Ponzi Economy. Yellen believes that it would be imprudent to raise interest rates to fight financial excesses. Her focus is to prevent financial instability in the financial markets (primarily the bond market) from causing economic disaster. This focus on resilience differs from the typical talk of responsibly pricking bubbles before they grow too large. In the 1980 and 1990 decades, the more competent USFed Boards halted bubbles. Since the Lehman kill event, the USFed has been busy promoting and building the grandest asset bubble in history, in the USTreasury Bond. It is supported with both Zero Interest Rate Policy and Quantitative Easing. The US has no resilient financial system with its Third World finances and stuck hyper monetary inflation in place.
ipso facto @ 19:11
“At some point when gold takes a moonshot there’s going to be a lot of leverage in these barely making it little companies.”
Not to deflate your balloon, but which ones will not be at – 100% by then?
If the ratio is 9 out of 10 then you need something like a ten bagger just to break even. That sounds like pretty awful odds and is likely why the etfs have sucked so much money flow out of this very tiny cap sector.
I can’t even stomach the thought of investing in a jr gold co after what I have seen in 13 yrs. Who can?
ps ;amals another believer or another sucker, honestly I dont know. Fully posted some gap analysis that was very useless. Sure they fill the gaps pretty much 100% but when? How much cap do you loose looking for a fill? Show me the real time trade data and the net gain or loss in the longer time frame and count me in. Otherwise………….Its easy to paint charts after the fact and say see…look .and then change your mind after the fact and say well this happened..
ipso facto @19:11
That’s what I’m talking about! At least one other true believer!
MadMike @ 18:37
At some point when gold takes a moonshot there’s going to be a lot of leverage in these barely making it little companies. Let’s hope it comes before they’re all bankrupt!
Equisetum, Ipso-facto
Just read your entries from this morning. Just last month I received notice that Kerr Mines (KER) had purchased American Bonanza Gold (BZA). Now Kerr and San Gold are joining. From my experience, I owned a dog with BZA and I fear it may drag my San Gold down a bit. Sure hope to be wrong. Best.
of their investment falling out of the sky.
no worry for the airlines .. they all carry hull insurance for the full value of airplanes
in five days max the airline collects a check that drops right to their bottom line and probably is more than they paid for the jet orginally
the passengers will be fighting for years to collect little for the pain and death…
now no airline loves the bad press .. and loss of future fares of those who may think twice about jumping on one of their airplanes
So the Malayasians just gave the MH17 black boxes to the Brits.
The same Brits that suicided David Kelly over the Iraq WMD and the basis for the Malay War Crimes indictment of Bush + Co.
Seems to me the Malay Govie just cried uncle and don’t want anymore of their investment falling out of the sky.
Like that Airbus 380 flying over Syria…
Equisetum
I used to follow American Bonanza. They sure fell on hard times. I think their mine is closed right now. Kerr is making some smart moves picking up these properties when prices are still low. A move higher in POG and they’ll look like genius’s.
Cheers
amals
“Many of the percentages are 90+ down. They are way too far down to sell; it wouldn’t be worth it. So I’m holding.”
Me too brother, hoping we’ll be vindicated at some point. Course the problem we have is we now need 9 baggers to breakeven. The good thing for us is that 10 – 30 baggers are commonplace in this sector when things get rolling.
Been a very long road. We have been basing now for a very long time. When the dam finally breaks it will be a thing of beauty. Never seen a beach ball held underwater for so long.