Because of citizenship, location, bad teeth, or all of the above:)

If I was ever tempted to marry a stock it would be FNV. I’ve traded her a couple times, but this time might ax her to stay:)

I’m not able to own USA mutual funds, however, my largest holding is RBC global p.m. fund with FNV at the top:

http://quote.morningstar.ca/quicktakes/fund/f_ca.aspx?t=F0CAN05NGC&region=can&culture=en-CA

My top performer this year is Sentry p.m. fund. Very volatile with a high MER (2.84%). They go more for the smaller caps and might not own any FNV.

http://quote.morningstar.ca/quicktakes/Fund/f_ca.aspx?t=NCE703&region=CAN&culture=en-CA

We really need silver to go green, it’s the only thing holding us back right now.

That sounds great to me. Thanks for the good news. The fake imposter Dollar (and the Fed Res) deserves to get their asses kicked. It KILLED our independence. The original real US dollar could never lose 98% of its value.

The Fed Res is a form of global gov’t. The actual new world order that started in 1913. Then 1917 we end up in WWI?? Then in ’41 Foreign War II??

YIPEE

$1310 gets breached, can we hold it?

I have it on good authority that Ipso thought we might actually rally today. Go figure.

Could be another good afternoon with GOLD taking off now.

I don’t look at performance charts too often because my own performance is the squiggly line running along the bottom 🙂

sometimes it good to look at performance charts, it gets the mind thinking…..like “WHAT IF?”

what if I bought Silver before the spike

what if I did not buy Gold mining stocks at the peak

always the “what if’s” .. kinda like woulda , coulda , shoulda …or maybe should’nt have …haha

Eve of destruction—take a listen.

Franco Nevada is the second largest holding in the GOLDX Gabelli Gold Mutual Fund (I own shares)

https://finance.yahoo.com/q/hl?s=GOLDX+Holdings

4th largest holding in the

Tocqueville Gold Fund

https://finance.yahoo.com/q/hl?s=TGLDX+Holdings

Gold Jumps, Germany Dumps, S&P Slumps As NATO Tells Russia “To Step Back From The Brink”

Submitted by Tyler Durden on 08/07/2014 10:49 -0400

NATO’s Chief Anders Rasmussen is unleashing his latest set of ‘back down or else’ comments this morning towards Russia:

• *RUSSIA MASSED ‘LARGE FORCES’ ON UKRAINE BORDER: RASMUSSEN
• *RASMUSSEN TELLS RUSSIA ‘TO STEP BACK FROM THE BRINK’
• *RASMUSSEN: FURTHER RUSSIA INTERVENTION ‘HYPOTHETICAL QUESTION’
• *NATO: INTL COMMUNITY TO ‘REACT DECISIVELY’ IF RUSSIA INTERVENES

And ironically Rasmussen proclaims Russia faces further isolation if it continues down this path… by which he means Russia will become even closer to its BRICS allies.

 

The rhetoric is rising…

• *NATO HAS ALL CAPABILITIES NEEDED TO PROTECT ALLIES: RASMUSSEN
• *RASMUSSEN SAYS NATO HAS TO ADAPT TO `ILLEGAL RUSSIAN BEHAVIOR’
• *RASMUSSEN SAYS `BUSINESS AS USUAL’ CAN’T CONTINUE WITH RUSSIA
• *RUSSIA DOESN’T CONSIDER NATO AS `PARTNER,’ RASMUSSEN SAYS
• *NATO SEEN AS ADVERSARY BY RUSSIA, RASMUSSEN SAYS

The market’s reaction to this tone is bad… stocks dropping and Bunds to record low yields…

http://www.zerohedge.com/news/2014-08-07/nato-tells-russia-step-back-brink

Thanks for the perf charts.

In the 1960’s I was in the Garment business ,we had just entered a new partnership with was to be the best Salesman I ever met.I was running a sewing factory and my uncle was running another with my Dad overseeing both operations .We were making a good living but had some problems with unions in NJ .

Dad entered a partnership with a guy named Bernie ..and a new era started .We were the best Factory men, my Dad,me and Uncle.We had a combination of 100 years experience between us so,we knew the business.We succeeded where 90 per cent of the industry was failing and moving offshore to cut costs.

Along comes Bernie age 63 with decades experience in Sales.A marriage made in Heaven occured ..all we need was some credit and sales.Well bernie got an order from Macy’s worth $100,000 ..I sewed up a dozen samples for Bernie to get that order..Bernie took the confirmed order to the Bank and asked for $100,00 loan to buy piece goods with ,he got it and proceeded to Cloth mills in N.C. to buy some cloth and asked for another 100,000 in additional credit ,that he got.!   We were off and running ..no money out of pocket just some samples and a confirmed order.     Well along comes President Kennedy with the INVESTMENT TAX CREDIT ..a scheme whereby if you bought new plant & equipment grew your business hired more people you would get a TAX Credit for making the investment in new machinery…Well it was just what we needed !   The next 7 years was nothing but money …I was the only sewing factory in NJ hiring as fast as I could train them.I did not want any of the OLD Union people ,so it was a big effort on my part.I trained about 150 new people working 12 hour days to do it.Our employment went from 50 initially to 150 at peak form.We were making money hand over fist,my employees were making 50 % more money than nearby union plants by working piece work instead of an hourly wage at the Union places.WE were in the right partnership at the right time of the Kennedy investment scheme.I can tell you without any reservations ..give some tax breaks to business for investing in new plant & Equipment ,hiring new people and you would have a hard time findiong enough workers .!..If Apple got a tax break and brought home the 150 billion they have offshore provided it was invested in New plant & equipment ,our un employment rate would be cut in Half at least as others will want to get in on a good deal.Government needs to stay out of the way ,don’t give them new regulations or try to tell them who they have to hire.Instead of paying taxes it got invested in JOBS the Country benefits ..everyone benefits because with higher employment everybody becomes a taxpayer with a Broad base to the tax system.It creats a very stable TAX base at low Rates. High tax rates kills incentives period……CUT taxes with the condition that its used for investing in new plant and equipment and things will boom…..!

http://stocktwits.com/message/25486085

A benefit for US farmers … or … coming soon?

a look at different time frames

*for 700 & 1000 day time frames, GDXJ & $HUI are severely undervalued, but look at the 45 & 60 day chart,they come roaring back …just like some of Maya’s train pictures!

45 days (the Juniors are leading which is a positive sign in my opinion)

http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=45&O=011000

60days
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=60&O=011000
160 days
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=160&O=011000
700 days
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=700&O=011000
1000 days
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=1000&O=011000
1187 days
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&n=1187&O=011000

but just look, if you happen to catch $SILVER rise from a low price point???
http://stockcharts.com/freecharts/perf.php?GDXJ,$GOLD,$SILVER,$HUI&l=0&r=360&O=011000

French Farmers Call For EU Help to Offset Russian Import Ban
10:56a ET August 7, 2014 (Dow Jones) Print

French Farmers Call For EU Help to Offset Russian Import Ban

By Inti Landauro

PARIS–French farmers Thursday called on the European Union to help offset the impact that a Russian ban on imports of a wide range of food products could have on domestic prices.
The closure of Russian borders to European food will be negative for farmers and could lead to a glut of some products in European markets, pressuring prices downwards, said Xavier Beulin, the president of France’s largest farmers union.
“Producers will try to sell the products they can’t deliver in Russia on their home markets at whatever price they can,” he said. “The EU can use crisis funds to mitigate the effects the ban could have.”
Peter Stano, a spokesman for the European Commission, the EU’s executive arm, said it was “premature to discuss specific actions before we fully assess the extent of the impact Russian measures will have.”
Even though Russia is a huge producer of cereals, it imports large amounts of fruits and vegetables as well as meat and dairy products.
Russia annually imports between 700 million euros ($935.5 million) and EUR1 billion worth of food products from France, Mr. Beulin estimates. Wines and spirits–which are not covered by the Russian ban–make up 40% of Russian imports from France, while fruit, such as peaches, apples and melons, vegetables, cheese, pork and beef account for the rest.
Earlier Thursday, Russian Prime Minister Dmitry Medvedev laid out the details of his country’s response to Western sanctions, banning imports of a wide range of foods, including fruit, vegetables, meat and dairy products from the EU, U.S. and other countries.
By targeting imported foods, the Kremlin is sending the message that the country is ready to make sacrifices in order to stand up to the West. The EU said the Russian ban was “clearly politically motivated.”
In picking products that have a short lifespan, Russian authorities are ensuring the effects will be felt immediately by European farmers and Russian shoppers, Mr. Beulin said.
“I hope they will change to a more critical attitude towards their president when they realize products they are used to buying are disappearing from shelves,” he said.

Seems our pm’s want the SM to crater today. At least the shares seem to want to follow the metals and not the SM. That’s a good thing. On any given day, who can figure this stuff out? Rarely any clear cut correlations.

$1310 is the new block wall, if we can manage to break it the wall will be moved to $1320

http://rt.com/news/178608-malware-smartphone-banks-android/

I heard on bubblevision this morning some discussion about using some sort of physical “key” to log into your device. Sounds like a good idea to me.

No follow thru to yesterday as expected although with the USD strength we’re doing OK just to be holding our own.

Wondering why bonds are rallying and yields down, that probably shouldn’t be the case in an up SM. So maybe the SM is going to roll over?

GLD just ticked positive. Go figure.

http://www.gold-eagle.com/article/gold-starting-blocks
.

The technical cup-and-handle formation gives, as objective, the equivalent of the cup’s depth, or the former high of around $1,900 for gold. For silver, the theoretical objective is around $38.

with apologies to USA Gold

Mexico’s Congress has approved sweeping changes to the country’s energy industry which will see private oil contracts awarded in the country for the first time since 1938.

New laws voted in on Wednesday will open the market to foreign oil firms.

As a result, state-owned energy group Pemex will lose the monopoly it has held since nationalisation.

President Enrique Pena Nieto has made energy reform the cornerstone of his administration.

He expects the changes will boost production back to 2004 levels by 2025.

Crumbling infrastructure, bureaucracy and corruption have pared Mexican production from 3.6 million barrels a day in 2004 to just 2.5 million.

The ending of Pemex’s monopoly required changes to the constitution, signed into law last year.

The reforms are expected to attract billions of dollars of investment into the country, the world’s ninth-largest oil producer.

They also authorise private production of electricity.

President Pena Nieto tweeted: “A more competitive and prosperous Mexico. They have laid the foundation for a new era of development and prosperity for Mexican families.”

more http://www.bbc.com/news/business-28685504

Gold Train in Tuscan red, the Pennsylvania RR
http://www.railpictures.net/viewphoto.php?id=483364