is having their problem is the US President thinks appeasement is the way to get Muslims to co-operate .They see it as WEAKNESS and to them its something to be disrespected .This leaves no option for Israel but to teach them some respect .US Foreign policy is just like Jimmy Carters ,it breeds disrespect because you look weak !   Speak softly ,but carry a big stick .  You need to get their attention first ..a smack up side the head with a 2×4  to get their attention is what the Israelis are doing in the absence of US firmness.Us invites this disrespect with their appeasement.

because of higher Oil prices…up nearly 1 % tdy….but no way does that mean weaker PM’s.

But good to see Oil can’t be held down….maybe Vlad called the JPM head Oil trader and asked him anything was glowing near him !!!!!!!!

When everybody stops working and lays back and tells them “print me some too!” if you want my vote .

THe problem with Government having contriol of the Printing Press is they print money for their every wish and try to hide that fact from the public .Government dosent need TAXES none of it requires taxes .Just print the money for Wars,imports ..anything they want…Print food stamps ,subsidize all your political friends healthcare ,but tell your political enemys find work for your needs.!The problem comes about when thay need somebody to work to provide service like cut your hair,grow your food,build your house .Taxes are not necessary for anything except to keep people working .Tax um and that forces them to work.Your Political friends …just print money and food stamps for them .They will stay plenty loyal and vote you in every time just make sure more than 50 % get freebees…..When everybody stops working and says “print me some too! ” the game is over and economic collapse happins and imports grind to a halt because your money is not accepted anymore ,you export nothing anymore because nobody produces anything useful.You print paper to buy your IOU;s back ,but that only works internally ,externally they want payment in GOLD,FOOD,OIL anything tangable .The dollar will be so worthless that BARTER is the only way .

ALL this because Politicians use the PAPER printing monopoly to favor Political friends and not their enemys ..the Ultimate DISCRIMINATION.

TAXES are not necessary ..they are simply a way of punishing your Political enemys…!   Its a form of SLAVERY to not print money for your Political enemys ,but print plenty for your friends.The Liberals have brought back Slavery by Taxing their enemys and not their friends.The President has brought back Slavery and discrimination .Shame on him…….

I haven’t seen that problem myself. Might be something specific to your OS or browser. Security settings?

“Love does not consist in gazing at each other but in looking outward together, in the same direction.”

Antoine de Saint-Exupery

As it is in love, so it is in most endeavors involving groups of people. There must be a meeting of the minds, and a commitment to common goals despite any differences.

More simply, it is the priority of caring. It is torn apart and rendered helpless by stubborn grudges, obstinate pride, and the indifference of selfishness and injustice.

I have seen even venerable organizations torn apart by the willful selfishness and jealousy of a relative, but powerfully articulate, few. They took the ship itself down, fighting for every last perk, every last vestige of power.

Gold had a bounce back today, while silver tended to linger near the lows for the week. For some reason I had a very good feeling about the action in gold as I watched the tape.

There was nothing particularly remarkable in the price action, except for the obvious capping which is back on, keeping gold below the psychological level of 1300 and silver below 21.

What was surprising is that in the first report for the month of August almost 20% of the registered gold in the Comex warehouses was stood for in delivery at the price of $1281. We won’t see what happened today until next week.

This is not to say that the Comex will run out of gold, or that this is some kind of default scenario. As we have seen, the Comex is no longer a delivery market, and most of the metals there just move around the plate within the warehouses and the ETFs and Funds.

Rather it was an indication that a price level of 1281 brought out a lot of buying. So we will take it for what it is worth.

It appears that the silver inventories in Shanghai are exceptionally low.

Geopolitical jitters will continue to dominate, and the US economy will continue to stagger on, given the life support trickled into it by the Dr. Feelgoods at the Fed, and the Dr. Frankensteins in the Congress.

Remember the innocents, and all those who suffer in quiet with their own burdens and trials everywhere. Harshness is the easy course, and a strong temptation, to finally become what we hate. Love is the way of all goodness, and life.

In the beginning, a man will marry a woman because he thinks that she will not change. And a woman will marry a man because deep down she thinks that she can change him. As they get older, a man grows sentimental, and a woman grows much more practical.

But in the end, it is all the same if they are still together, as one looking outward at life together.

Have a very pleasant weekend.

http://jessescrossroadscafe.blogspot.com/

The problems over there will take hundreds of years to smooth out.

 

Apart from a brief hiatus while Communism was around, we’ve pretty much been at war with ’em since they came into existence…..But in the past we didn’t “try to understand them” we just killed ’em.

 

 

 

 

 

the remorseless advance of ISIS (or ISL or the Islamic State) as it cuts a psychopathic swath through the Middle East marked by wholesale executions of civil servants, beheadings of “infidels,” and the occasional crucifixion of suspected enemies and traitors.

All Hell

That tractable beast, World Opinion, was apparently looking the other way when US video war-gamers blew up wedding parties and donkeys by remote control in Pakistan, Yemen, and Afghanistan, not to mention the now long ago shock-and-awe bombardment of poor innocent Iraq. It’s not paying much attention these days to the remorseless advance of ISIS (or ISL or the Islamic State) as it cuts a psychopathic swath through the Middle East marked by wholesale executions of civil servants, beheadings of “infidels,” and the occasional crucifixion of suspected enemies and traitors. UN Secretary Ban Ki Moon is so busy issuing condemnations of Israel that he has forgotten to ask Hamas the elementary question: What part of… quit firing rockets… don’t you understand?

Demonic forces are on the loose again now one hundred years after Europe blew itself apart for no good reason. (Why? Because some young Serbian nobody killed the heir to the Austrian throne on a back street in Sarajevo?) Maybe we are making a mistake to think that any sort of rationality applies now. Here in the depraved and disintegrating USA, we pretend that Afghanistan threatens our national interest from 7,000 miles away while denying that Russia has any business with its crumbling next-door neighbor (and former province), Ukraine — the crumbling of which was bought and paid for by the US Department of State and CIA.

The long sobering aftermath of World War Two is over now and World Opinion can once again assume the role of a rough beast slouching toward cataclysm. Starting from the premise that nothing is funnier than unhappiness, how funny is it that the US affects to manage the great demographic upheavals of the Middle East and Europe while it can’t even protect its own citizens from the still-florid looting and swindling operations of Wall Street — not to mention the wholesale renting of congressmen, cabinet secretaries, supreme court justices, and White House aides by US chartered corporations?

World Opinion is easily massaged by grandstanding around children who have been put in harm’s way deliberately by cynical adults. The UN was, shall we say, less than fastidious about Hamas stashing rockets and other war materials in their Gaza schools. In fact, they didn’t make peep — for years — and now they dare squawk that these arsenals are being targeted, even as Hamas continues its rocket attacks? Did these UN morons ever grok the possibility that they were being played? And, of course, not to change the subject too harshly but note also how children are being used to play the suspension of US immigration laws by cynical US political party hacks. Despite the dishonest pleadings of undocumentarians, what part of… illegal immigrant… remains unclear,?

Here is what I think is going to happen now. Israel will withdraw from Gaza. Hamas’s war-making ability has been deeply degraded for a while, but any further rocket attacks will be answered in kind. Perhaps the citizens of Gaza will rethink who they want to have as leaders. The action will shift back to the ISIS swath across Syria and Iraq. ISIS has become a juggernaut, seizing enough money and valuable assets like oil and gas fields to greatly expand its vicious operations. You can say this about ISIS: they are very plain about their objective: to reestablish a fundamentalist caliphate — that is, to return to the eleventh century. Personally, I think the Middle East is primed for exactly that outcome, since its brief adventure as a wealthy, modernized oil-producing region is reaching its natural limits. The very specter of that fate is enough to destabilize the fragile political arrangements there, and may actually hasten the arrival of those natural limits as the activities of ISIS shuts in the necessarily rational operation of the companies that run the oil wells, pipelines, transport terminals. Watch what it does to capital markets, without which oil production founders anywhere.

Speaking of capital markets, keep your eyes on the US indexes. Never has so much fragility-in-motion come so close to an implacable wall of consequence. All hell seems to be breaking loose.

Ebola, did a little reading pretty sure it’s a yang, acidic, and interesting to find that the bats who can carry it ” fruit bats” Yin, don’t get sick from it even if they carry it so your MM won’t make it worse. Seems like they could try to find something to attack the protein. Since it needs  protein a yin PH might help but how much I don’t know.

Wonder what country financing them to get get rid if their leaders and or start something. Now look what’s happened it’s gotten even worse for those poor people who are trying to be peaceful.

Your pic today caught my eye with something new for me – the theatre car.

Thought I’d share another view:

http://www.trainsim.com/vbts/showthread.php?314524-Theater-car-Fox-River

I read somewhere there are 5 million of our allies over there in an area the size of New Jersey, surrounded by 500 million natives, and another 500 million scattered in other areas.

That’s about One Billion enemies total. To get rid of them would be a dream similar to all the gun hating people trying to get rid of all the guns in existence. The problems over there will take hundreds of years to smooth out.

The bottom is NOT in, imho. Here is why: The Intermediate uptrend was capped at only six weeks. That is not normal and it was achieved by  large paper gold shorting on the 14th and 15th. There was a major reversal on the 16th and the goldbug analysts were saying that the manipulators were losing their grip. Really? Look at the charts and you see that the upside reversal on 16th produced a LOWER high. Just to make sure there was another massive hit on the following day. Three major hits in 4 days means the Boyz seriously wanted gold lower.

During a normal Int. Uptrend there are a couple of Daily reversals that normally last from 5 to 8 days. Well this reversal is now over 3 weeks… that means that the 6 week uptrend is over and we are now faced with an Int. downtrend. Ever see one of those last for only 3 weeks? Me neither! There is more downside to go here for gold and the very best that I can see here is Gold $1240. At any rate, the various signals/occilators that I customize say more down to come. At gap fulfillment we might find a brief relief rally.

(Reuters) – Iraq’s Prime Minister Nuri al-Maliki ordered his air force for the first time to back Kurdish forces against Islamic State fighters after the Sunni militants made another dramatic push through the north, state television reported on Monday.

Kurdish peshmerga fighters, who cut their teeth fighting Saddam Hussein’s troops, were regarded as one of the few forces capable of standing up to the Sunni insurgents who faced almost no opposition from Maliki’s U.S.-trained army during their lightning advance through the north in June.

Then on Sunday the Islamic State inflicted a humiliating defeat on the Kurds with a rapid advance through three towns to reach the Mosul Dam, acquiring a fifth oil field to fund its operations along the way.

State television and witnesses said that the Islamic State had seized Iraq’s biggest dam. Kurdish peshmerga officials said they have pushed militants from the dam area and were in control of it. This could not be immediately confirmed.

cont. http://www.reuters.com/article/2014/08/04/us-iraq-security-idUSKBN0G40ZY20140804

The Key To A Lasting Middle East Peace Is Total Victory

Here’s a wacky idea. Let’s win the war against our jihadi enemies.

Yeah, it’s certainly an outside the box idea. All we hear right now – in fact, all we’ve heard for decades – is about peace processes and negotiations and ceasefires. On and on they go, one after another, always crashing on the rocks of intransigence by people who hate our allies and who hate us. Maybe we need some fresh new ideas, some outside-the-box thinking.

How about we and our allies destroy our enemies? After all, the best peace plan is victory.

http://townhall.com/columnists/kurtschlichter/2014/08/04/the-key-to-a-lasting-middle-east-peace-is-total-victory-n1873681/page/full

Looks like a short term bottom is in place for a few days. This is a rally to sell not buy. August hogs are several dollars under the index so expect a rally or the index to fall rapidly.

A new high in bonds would make a rpw down. Looks like the usd index may have some more upside. I’m looking to buy the Aussie dollar and sell the pound in the currencies.

rno

I for one am rooting for you and your pitchforks!

Looks like the pig SM might be rolling over, hopefully that will give us a boost as the day wears on.

A drop below the psychologically important $1,300 an ounce level at the end of the month did not deter precious metals investors from pouring money into the sector during July.

Exchange traded funds backed by physical gold saw modest net inflows last week of 4 tonnes to reach a total of 1,743.7 tonnes.

July recorded the highest inflows for the dozens of gold-backed funds traded around the world since November 2012 and the first monthly net addition since March.

cont. http://www.mining.com/gold-etf-buying-strongest-since-november-2012-52406/

http://www.miningweekly.com/article/iamgold-declares-commercial-production-at-westwood-mine-quebec-2014-08-01

ah, I’m not sure either. So many guru’s and pundits it’s hard to keep track of them all. 🙂

Wasn’t Edelson a sub $1K gold guy awhile back or am I thinking of someone else?

Sunrise… time to head up into the mountains for another week.

http://www.railpictures.net/viewphoto.php?id=491285
http://www.railpictures.net/viewphoto.php?id=491284

Looks like we get a flat Monday opening but that’s better than the down I thought we’d get last night. Triple digit gains in the DOW don’t seem to be in order surprisingly, so if the SM rolls over we might gin some steam?