OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

I’m with you there. Legal means are a waste of time and money.

Lois Lerner is a case in point. Congress is powerless to convict and punish her, they must rely on the DOJ, the great protector of all things corrupt.

The legal system is a joke.

China is taking lunar mining seriously

The moon is rich in rare earths, titanium and could support mining with recent evidence of the existence of water, the big prize when excavating the moon is helium-3.

Almost non-existent on earth, helium-3 is abundant and accessible on the moon and could be used in nuclear fusion, producing much more energy than fission reactions and with much less radioactive waste.

It does, however, exist on the moon. Lacking an atmosphere, the moon has been bombarded for billions of years by solar winds carrying helium-3. As a result, the dust of the lunar surface is saturated with the gas. It has been calculated that there are about 1,100,000 metric tons of helium-3 on the lunar surface down to a depth of a few meters, and that about 40 tons of helium-3 – enough to fill the cargo bays of two space shuttles –could power the U.S. for a year at the current rate of energy consumption. Given the estimated potential energy of a ton of helium-3 (the equivalent of about 50 million barrels of crude oil), helium-3 fuelled fusion could significantly decrease the world’s dependence on fossil fuels, and increase mankind’s productivity by orders of magnitude.

However, supplying the planet with fusion power for centuries requires that we first return to the moon. At present, only China has this in mind, with its Chang’e program, a lunar exploration program that will send astronauts to the moon by the early 2020s. If Beijing wins the second “race for the moon,” and establishes a sustained human outpost conducting helium-3 mining operations, it would establish the same kind of monopoly that in the past created the fortunes of ventures like the East India Company. The ramifications would be significant, to say the least.

First, “China is what international relations scholars call a ‘revisionist power,’ seeking opportunities to assert its enhanced relative position in international affairs,” according to Foreign Policy. Establishing an automated or manned helium-3 operation on the moon would be a spectacular assertion. Second, with the inevitable depletion of fossil fuels on Earth, China would be in a position to gradually build a helium-3 empire in which it would control the supply of the lunar gas. The rise of such an empire would most likely be met with resistance. The prospect of China’s energy supremacy would probably lead to pervasive geopolitical influence, cause geopolitical tension and anti-Chinese alliances to coalesce, and prompt other countries – particularly the U.S. – to hasten to the moon to break the dragon’s monopoly.

more http://www.mining.com/china-is-taking-lunar-mining-seriously-65595/

BIG!

Amazing aerial footage of the Mount Polley tailings dam faliure

There needs to be a legal way to remove crooked judges like that. Otherwise …

Fortunately a lot of this concern is built into the stock. The shares are down 17% for the year and they are down about 25% since I wrote about the company in November. Furthermore short interest is a whopping 36% of float. The reason for this is that the company is highly leveraged to the gold price given that its costs include not just its production costs but its financing costs, and this increases its effective cost of production to a point near the current gold price. Given the company’s meager $307 million valuation versus its production capacity of over 250,000 ounces even a small increase in the gold price radically changes the company’s cash-flow potential relative to its market capitalization making it an ideal leverage vehicle for gold bulls. But until the company de-risks its portfolio by either de-leveraging or by finding a JV partner for its ambitious Hycroft expansion plan I don’t see the appeal beyond this optionality.

http://seekingalpha.com/article/2380775-update-allied-nevada-beats-on-earnings-rising-costs-and-negative-cash-flow-are-significant-issues

I believe about six weeks ago Turk said that silver could double in SIX WEEKS.

How ironic as silver breaks below $20 for the millionth time in the last three years.

I’m grokking on that!

Something seems to be wrong with our system. Where is Galt’s Gulch? I think I’ll pack my bags.

ISM Services blowout 58 vs. 56.5 estimates. Highest since 2005

I guess once they are appointed, short of committing murder, they are never removed.

Can you imagine the anger and frustration those plaintiffs with solid cases must’ve had running into a judge like that? Talk about a complete loss of confidence in the system.

It seems to be nearly impossible to put these powerful corporate officers into jail. A real person, a crooked thief made the decisions to break the law. They should be held accountable.

I guess that’s just a fairy tale … for now.

“Ipso what I found most interesting about that article was the administrative law judge Bruce Levine never found for a plaintiff in his 20 year career.”

Is that a disgusting, disgraceful fact or what! Is there no way to remove corrupt judges?

Ipso what I found most interesting about that article was the administrative law judge Bruce Levine never found for a plaintiff in his 20 year career.

Corrupt and bought off judges are becoming an all too familiar sight in this country. In fact honest, ethical judges are becoming a rarity.

Looks like the shares are still begging the metals to catch a bid, but the metals refuse to comply. Frustrating to watch the “boot on the neck” action.

A blast from the past… first generation diesel PA-1 locomotives pulling the “San Francisco Chief”.  Looks like a Lionel toy train.

http://www.railpictures.net/viewphoto.php?id=484399

Moving along to today’s story, we learn that the CFTC will impose a meager $650,000 fine on JP Morgan, despite years of warnings about fraudulent data reports. The CFTC announced that:

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against J.P. Morgan Securities LLC (JPMS), a wholly-owned subsidiary of JPMorgan Chase & Co. and a CFTC-registered Futures Commission Merchant (FCM), for submitting inaccurate reports to the CFTC relating to the required reporting of positions held by certain large traders whose accounts are carried by JPMS. The reporting violations occurred despite the CFTC notifying JPMS of numerous errors in its reports. The CFTC Order requires JPMS to pay a $650,000 civil monetary penalty to address its unlawful conduct. The reports are known as the “large trader” reports and are used by the CFTC in order to evaluate potential market risks and monitor compliance with CFTC requirements.

http://www.zerohedge.com/news/2014-08-04/another-settlement-%E2%80%93-jp-morgan-receives-slap-wrist-despite-years-fraudulent-cftc-dat

ya a bottle of baily’s, a guy named Mad Mike and an axe

interesting combo <G>

Richmont Mines Consolidates 100% Ownership of Island Gold Mine

http://finance.yahoo.com/news/richmont-mines-consolidates-100-ownership-110000685.html

Richmont Mines Announces Record Quarterly Revenues and Operating Cash Flows in the Second Quarter of 2014

http://finance.yahoo.com/news/richmont-mines-announces-record-quarterly-115900154.html

Preliminary Economic Assessment on Brewery Creek Project, Yukon Commissioned by Golden Predator

http://finance.yahoo.com/news/preliminary-economic-assessment-brewery-creek-123000772.html

I suspect you’re right, no serious consequences will be laid on JPM for these crimes. It’s just such a surprise that they’re being dinged at all. Someone didn’t get the memo!

If you don’t want to view the video, scroll down and read his bullet points:

https://www.perpetualassets.com/news/2014/07/29/unintended-consequences-with-jim-willie/

Gold is in backwardation, signifying scarcity, Turk tells KWN

Submitted by cpowell on 05:43PM ET Monday, August 4, 2014. Section: Daily Dispatches
8:40p ET Monday, August 4, 2014

Dear Friend of GATA and Gold:

Gold in London is in backwardation for the first time since May — at least the first time since May for small orders, GoldMoney founder and GATA consultant James Turk tells King World News today. But, Turk adds, gold likely has been in backwardation for longer for large orders, with the market being supplied — and manipulated — by central banks affiliated with the United States.

Actually, no bears to deal with this trip, but had some of Ladybug’s great homemade burgers.

Lakeshore neighbor was the controller for that Co.

Murray Edwards (beaucoup billionaire) main shareholder if I remember correctly…

He can afford it, Mother Nature not so much.

Seems to me Mt Polley was a contraversial reopening because of environmental concerns.

I’m sure Equise will set me straight.

http://www.cbc.ca/news/canada/british-columbia/mount-polley-mine-tailings-pond-breach-called-environmental-disaster-1.2727171

Camped at Likely and explored from there. Found a fantastic old miner’s homestead and picked through the remnants of the log house. Found softball sized hunks of Galena under the floor boards. I bet I got a coupla hundred ounces of silver on the first trip. That was back when the silver was the miner’s RRSP.

I took my son up there last summer after playing Sun Peaks golf. He thought he was gunna strike it rich. Long way to go for two ounces of silver I missed the first time.

Mt Polley isn’t Taseko is it? No matter now, Prosperity and Fish Lake are done like dinner.