but the scales are out of balance today. from Don Stott’s column

John vs. Juan

A client sent me this, and I reprint it.  Thanks Susan!  I have no idea who wrote it, but it is unbelievably self-explanatory, and a perfect reason why the borders should be sealed, and illegals returned.  The 50,000 recent child arrivals have spread disease all over America.  I’m simply tired of the Republicrats not sealing the borders, and allowing free access to America.  Job losses, crime, disease, and “Press one for English” is absurd.  America wasn’t founded on this.  At any rate, here is “John vs. Juan.”

“You have two families:  “John Legal” and “Juan Illegal”  Both families have two parents, two children, and live in Arizona.  John Legal works in construction, has a Social Security number and makes $25 per hour with taxes deducted.  Juan Illegal also works in construction, has no Social Security number, has no taxes deducted from his ‘under the table’  $15 per hour cash pay.  John Legal @ $25 an hour, works 40 hours a week, earning $1,000, or $52,000 a year.  Subtract 30% for state and federal taxes, and John Legal now has $31,231. Juan Illegal @ $15 an hour, works 40 hours a week, and brings home $600 a week, or $31,200 a year.

“John Legal pays medical and dental insurance with limited coverage for his family @ $600 per month, or $7200 a year.  John Legal now has $24,031 a year take home.  Juan Illegal has full medical and dental coverage through the state and local clinic, plus emergency rooms at a cost to him of zero, paid by taxpayers.  Juan Illegal still has $31,200.  John Legal makes too much money to be eligible for food stamps or welfare, and pays $500 a month for food, or $6,000 a year, leaving him with $18.031.  Juan Illegal, has no documented income, gets food stamps and welfare, and still has $31,200.  John Legal pays $1200 a month in rent or house payments, leaving him $9631 a year.  Juan Illegal receives $500 a month in federal rent subsidies, which covers his Section 8 home.  He still has $31,200 a year.

“John Legal pays $200 a month or $2400 a year for car insurance, some of which is for ‘uninsured motorist’ coverage, leaving him with $7231.  John Legal has to budget carefully to cover utilities, gasoline, car repairs, etc.  Juan Illegal says, “We don’t need no stinkin insurance,” and still has $31,200, which he has to stretch to pay utilities, gasoline, and what he sends out of the country every month to relatives in Mexico.  John Legal now works  overtime on Saturdays or gets a part time job after work, to make ends meet.  Juan Illegal has nights and weekends off to enjoy with his family.

“The children of John Legal, and Juan Illegal, both attend the same elementary school.  John pays for his children’s lunches, while Juan Illegal’s children get a government sponsored lunch.  Juan Illegal’s children go to a “English Second Language” program after school, while John Legal’s children go home.  When they reach college age, John Legal’s kids may not get into a state school, and may not qualify for scholarships, grants, or other tuition help, even though John Legal has been paying for state schools with his taxes, while Juan Illegal’s kids ‘go to the head of the class,’ because they are a minority.  John Legal and Juan Illegal both enjoy the same police and fire services, but John paid for them, and Juan did not.”  Isn’t that a perfect reason for sealing the borders?

GOLD…..

September 29, 2014 Mon 12:21 PM CT

Is it time for gold miners to rebound?

David Russell | david.russell@optionmonster.com

optionMONSTER’s Heat Seeker monitoring program detected the purchase of almost 21,000 Weekly 23 calls in the Market Vectors Gold Miners

GDX: SEE  CHART GET CHAIN FIND STRATEGIES

tradeMONSTER

Gold miners have gotten slammed, but traders are looking for a rebound.

optionMONSTER’s Heat Seeker monitoring program detected the purchase of almost 21,000 Weekly 23 calls in the Market Vectors Gold Miners exchange-traded fund, most of which priced for $0.10. Volume was almost 13 times the previous open interest in the strike, which indicates new money was put to work.

These long calls lock in the price where investors can buy stock in the GDX, letting them bet on a rally by Friday’s close at limited cost. They have a lot less risk than buying shares outright because only the options’ premium can be lost o a downturn. The traders also stand to earn significant leverage if the fund pushes higher.

GDX is off 0.36 percent to $21.90 in afternoon trading and down 18 percent in the last month. That makes it the second-worst performer of almost 50 exchange-traded funds tracked by our proprietary researchLAB market scanner over the same period. Only the Global X Silver Miners (SIL) fared worse.

Precious metals have fallen sharply as inflation slows and the U.S. dollar appreciates against most currencies. Today’s bullish activity in GDX is probably tied to hopes of a rebound in gold and silver after the European Central Bank’s big policy announcement Thursday morning. (See researchLAB’s interactive calendar for a complete rundown of potential market catalysts.)

The exchange-traded fund’s main holdings include Goldcorp, Barrick

North Texas Hospital Evaluating Patient For Potential Ebola Exposure
Updated | September 29, 2014 10:58 PM September 29, 2014 9:06 PM

DALLAS (CBSDFW.COM) – A North Texas hospital has a patient in isolation as they evaluate them for potential exposure to the Ebola virus.

Officials with Texas Health Presbyterian Hospital in Dallas released the following statement Monday night:

“Texas Health Presbyterian Hospital Dallas has admitted a patient into strict isolation to be evaluated for potential Ebola Virus Disease (EVD) based on the patient’s symptoms and recent travel history. The hospital is following all Centers for Disease Control and Texas Department of Heath recommendations to ensure the safety of patients, hospital staff, volunteers, physicians and visitors. The CDC anticipates preliminary results tomorrow.”

It is unclear what specific symptoms the patient has or what the patient’s travel history was.

CBS 11 News spoke with Dallas County Health and Human Services Director Zachary Thompson who confirmed the patient had been in an area where the Ebola virus exists. “Looking at the travel history is the first indicator and then the next step is [treatment or non-treatment] once we get lab results,” he said.

Thompson definitely felt that there should be a heightened sense of awareness in North Texas, based on what has happened internationally. “With what we’ve seen in the media and how deadly the Ebola virus is, it is a concern.”

More…

I dunno, it seems like a breakdown to $1180 is inevitable.

I think there’s something much worse on the horizon than just deflation, hence the need to hit gold in advance. I also think the same goes for oil, that and trying to hurt Putin’s exports.

The paper selling in silver is just beyond belief.

Something wicked this way comes IMHO but WTFDIK???

As  long as it doesn’t break 1179–he said they’ve had every reason to sell down gold …..

more stunning, it’s been under 30 for 15 trading days

even more stunning under 50 for 2 1/2 months.

Just normal market action.

Someone will make a lot of money when it bounces. Just not me.

crude down $3.39-the $ up-stocks up–curious, what? Sadly, though, it will–Mission control is waiting for some nefarious reason before they drop it to $1050…is they afraid of  creating a deflation scare?  Copper’s about to get a 2 handle….like I’ve said before, we really have to change the theme of this forum…to something like fly casting or making lures….

Alrighty then, we managed to wrestle PSLV under $7 .. have bid in for $6.75

Anybody out there with a crystal ball? will it get that low?

Poking & Fun has price objective of $5.50

http://stockcharts.com/freecharts/gallery.html?PSLV

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%

Tyler Durden’s pictureSubmitted by Tyler Durden on 09/30/2014 10:39 -0400

Just a week ago, the Russian energy minister made the first public ‘threat’ of gas supply “throttling” disruptions to Europe but judging by the data that has just been released, it appears the ‘throttling’ has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 – the most in over two years – as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any “Winter War” disruptions, as we noted here, but as Citi warned previously, “if colder weather arrives, storage levels will be drained,” and then there is the Spring (and German industry needs).

more http://www.zerohedge.com/news/2014-09-30/did-winter-war-just-begin-russian-gas-supplies-europe-plunge-15-ukraine-transit-slas

Check out the Bling …… was the King wrong ??

See Ya’ll at Happy Hour

Winedoc

If gold confirms with a breakdown of its own below 1180 ……..  we are going  for a wild ride.

All “paper games”  aside,  there is still plenty of silver to purchase at these prices.

The currency issue  (CDN)  is not making prices  that much cheaper for me, so I’m going to sit on my hands and see what gives with this smack down

$16 dollar silver is here !!!  Per Kitco  low of the day $16.88 USD

Never thought I would have seen sub $20 again,  if it goes lower,  well then I’ll buy more.  Haven’t seen the USD/CDN  exchange much  higher than 1.12  a long time either.

No one said this would be easy

TK

Winedoc

I see Coloradogold now sells 100 ounce minimum orders in Silver….reasonable up charge for small orders. Don’t let local yocals rip you off

Briefly:

But how long is temporary? That’s the question. Is it over now since June? Or are they going to strong dollar HURT the USA for another 6 months? Or a year?? It all depends how fast things get bad here.

I never went to Europe, and don’t know anybody over there, but I’ll bet any money Europe is chocka block full of imported crap from Asia et all just like we are in the US.

The deflation started by importing cheap, to keep “inflation” numbers lower and then they sell dear to tax payers and consumers, while those wages got stagnated, and are dragging everything down, and budget deficits up.

I remember writing an essay years ago, that globalization was going to fail, like a sinking ship, and the passengers are the global commune-ity of countries. When a ship sinks it gets ugly, like every man for himself.

I stated….Who do you think will be the strongest swimmer and survivor? The USA of course. Because we got used to “swimming” with too many countries on our backs. Without them? Its an easier swim.

All countries that have trade surpluses and or export to the USA are in trouble ever since the summer ’08 meltdown, because American tax PAYERS have less to spend, and credit limits curtailed.

USA has been in decline since 1975 giving away the store. All other nations in decline only since 2008, with a loaf under each arm. USA had a loaf under each arm back in 1975. I’m sure the global central planners know what I know and that’s why they dropped the dollar from 120.

until the boyz came in with the crush at $1220.

Silver is absolutely killing this sector. Never seen anything crushed and oversold so repeatedly.

Volume is pretty heavy, maybe we’re getting close to some kind of capitulation?

If the dollar keeps going up US poised to become world’s biggest importer of oil again in about 10-20 years.

yes you are so correct .. but with china closed the sells of paper swamp the buys of gold // yes announcement to create confusion. But if a buyer of large is out for a time .. gold suffers .. I think lol

Gold is bought and sold every day. information such as this market closing is only used to manipulate bugs and create confusion.

as thee (almost a thee god ) dollar ratchets up…

with china shutting down market activity for a week .. will this effect the price of gold with no buying from the china connection

just wondering out loud

some one buys gold paper .. to take it up.. then short like heck to take it down rinse and repeat

the game of thrones .. the big banks with crowns on their head

The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.

US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries.

cont. http://www.ft.com/cms/s/0/98104974-47e4-11e4-be7b-00144feab7de.html#axzz3Eo4wUtth

changed with the $

http://www.marketwatch.com/investing/fund/jnug

Autumn in the White Mountains of New Hampshire
http://www.railpictures.net/photo/499792

the resilience was a bullish sign but now I’m throwing in the towel…I think it will just plunge thru one-O-these days…barring some “event”, the only thing gold’s got going for it is “too many bears”…maybe it will plunge on Friday after the jobs #….whether they are high or low….