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AFAIC Google is a subsidiary of the NSA. I avoid using them if at all possible.

Special to Old Cars Weekly

By Arthur G. Petridis, Elizabeth, N.J.

A bit of Auto history and a personal connection ..My wife worked at this building for “Terry Mints”for a while as a teenager.located in part of the 1/4 mile long Durant Building .Anybody remember the Duesenberg Auto ? Sometimes the mints would jam up as they came down the Assembly and the girls job was to remove them before the packing machine got them It was like a “I love Lucy scene ” girls struggling to remove the broken mints..sometimes eating them  so the packing machine wouldent pack them…It was so funny ,Im sure it had to be the genisis of the Lucy working at the cookie factory scene !

On Dec. 22, 2011, an iconic piece of automotive history exploded into flames resulting in an eight-alarm fire that burned for several days.

As I read the news articles about the massive fire in Elizabeth, N.J., there is an important part of the building’s history and a big piece of New Jersey’s history that is forgotten.

The building was latest subdivided into many small businesses and storage uses. Before that, it had been the Burry Biscuit factory and I remember smelling the cookies being baked.

The real history began when the building was first built. In 1917, Fred Duesenberg built an assembly plant in Elizabeth, N.J. The plant was not successful and was soon taken over by John N. Willys of the Willys-Overland Company. Millions were poured into this plant and it was considered to be one of the largest and most modern assembly plants in the country.

Durant took over the assembly plant when Willys-Overland ran out of capital. Durant announced that his new Star automobiles would be made in Elizabeth, N.J. In November 1922, history was again made when the first Star emerged out of the Elizabeth plant. More than 1,000 workers were employed at this plant.

The housing market exploded and much of the houses seen standing today in that section of Elizabeth were built as a result of the Durant assembly plant providing jobs. Mr. Durant subsidized many of the houses as he wanted to attract the best workers possible.   By the end of the decade, however, Durant was out business and the Elizabeth plant was abandoned.

In 1934, the Burry Biscuit Company took over the building and it became the company’s home office. This ran as a successful business for many years.

My first Baseball Game was at Brooklyn Ny where jackie Robinson stole so many bases the Newspaper headline was “Robinson steals the Pennant”

I was at that Game somewhere in 1946-7 as best I can recall .It was on that visitation where is saw Trollys and Brownstone houses …our relatives lived  in one..

I dont recall st Cars in NJ,but sure remember them in Brooklyn NY.

Elizabeth had Public bath houses below  ground on Elizabeth Ave in Elizabeth as many houses didn’t have bath tubs or showers.

I remember the EMPIRE Burlesque in Newark and Minskys Burlesque ..as teenagers we visited what was the last vestages of vaudeville and I remember seeing Bert Lahr (comic)and Gypsy Rose Lee perform ….hehe

I ask that seriously cause i am an electric train/trolley buff.

I too grew up near and in Newark ,Elizabeth specifically ..Used to rollar skate at Dreamland in Newark also Twin Citys a block away in Elazabeth .on Frelingheisen Ave. RT 22 was on the path to Kenilworth for Saturday horseback riding as a teen.My  Fathers cousin owned the Mountainside Inn on rt 22 in Mountainside NJ.I know the area well…..

Can you see one thing other than the seasonality chart that makes you think this will change in October? Sept. is supposed to be a seasonally strong month too.

Other than a potential short term bounce or some major (always temporary) event, I don’t see it. I hope I’m wrong.

you must not understand how some particular feature works. there’s no way Google has time to be messing around with a few peoples email accounts. why not just send screen capture shots to people with the chart. are you using a Mac? it seems easier just to attached JPEG images when you want to send a file. there’s probably better things to be paranoid about

slw

I’ve pretty much come to despise Norcini as he has become an arrogant prick. That being said, he’s probably right, the fat lady isn’t even close to singing.

Today was just another day of a failed rally attempt. Not even close.

That being said, the bulk of the commodity complex is REELING this morning. Here is the latest Goldman Sachs Commodity Index chart. For any commodity ( and that includes both gold and silver) to escape the general downward tug being produced by money flows OUT of the overall sector, it is going to take some incredibly powerful fundamentals for that specific commodity.

 
Case in point is gold today; the weakness in the equity markets is producing some safe haven flows ( Bonds are higher and the Yen is stable). That is producing a bit of a bounce in gold but the blip higher is attracting sellers up near $1220 at the moment.
It should be noted that GLD, the giant gold ETF, reported a very sharp drop in gold holdings of nearly 8 tons this past Friday. Total holdings are not at the LOWEST LEVEL for this entire year, (down some 21.78 tons from the start of the year) and the lowest level in nearly SIX YEARS!

Here is a closer in view:
Here is a longer dated view:
One has to go way back to December 2008 to find a comparable level of reported gold holdings in the ETF. Just to remind the reader, that was the point that the markets began to respond to the very first Quantitative Easing round implemented by the Fed. Another way of saying this so that it perhaps serves to bring more force to the argument, is that nearly every single bit of gold purchased in GLD at the initial implementation of QE has been SOLD. That is astonishing! Those who keep talking about STRONG DEMAND for gold are simply incorrect, at least as far as the West is concerned. They have been selling their holdings and buying equities and look to continue doing that unless there is some sort of strong catalyst that changes the equation and thus the prevailing sentiment.

It just goes to illustrate how much gold has fallen out of favor as an alternative investment class by Western-based investors. That is the reason ANY FALTERING IN ASIAN-based DEMAND will be brutal for gold.

Based on the above-mentioned collapse in GLD holdings, AND the fact that the TIPS spread is also plummeting, there is simply no reason to buy gold at this time in the minds of Western-based investors.

Here is the latest on the TIPS spread and the comparison against the gold price. Notice that both lines are moving in unison. As inflation expectations fall, ( and I might mention as the Dollar moves higher ) the gold price is falling.

A vast puss bag of vulgarity and prevention is about to burst on Wall St!

Fu Manchu is about to pull the secret lever to the trap door!

Happy tobogganing…grease the skids!

GOT GOLD??!!

Gold is about to embark on an historic bull run!

I strongly suspect the “managers” of the global economy gave up on quantitative easing, and made a big abrupt policy change that they started in June by running the dollar straight up to stimulate Europe and other nations with weak, or deflationary prone economies. (a temporary shot in the arm)

Reason being the US exporters have been built up since 2008 to tolerate the burden (a temporary strangulation) with a stronger dollar for a while, and at the same time, US consumers would spend more and feel better with falling gasoline and heating oil. Its like getting a pay raise.

Dollar chart straight up:

http://scharts.co/1sicXWW

Gold chart straight down:

http://scharts.co/1qnqViH

These moves can’t possibly be natural market forces right?

for the lady to sing in a higher note .. I suspect gold needs to sustain higher prices .

gold just hanging on by the fingernails of hope ..

Few bottles of wine and I will be calling you Darling. Not so sure about kissing ya, but for sure call you Darlin.

Besides, you and I both know the Secret to Living a Long Life. Tacos !!

wine is better than gym

http://www.latintimes.com/drinking-wine-better-going-gym-according-scientists-yes-261496

Thanks for the musical delight today. That is one talented piano player !!

Come on government officials, pick up your knuckles when you walk

Sinclair

DEFINITION OF ‘HINDENBURG OMEN’
A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows – the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day).

Hindenberg  omen ,,, how many time has this Hindenberg omen been generated in the last many months

I am almost sure this omen has been mentioned .. but alias nothing really happened

is this Omen the real signal for melt down in stocks .. ..or just a procursor for watching charts that may or may not be manipulated depending on who one talks to ..

ment

but as long as you are having a good time I say strike up the band. 🙂