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Farmboy @ 22:15 on September 1, 2014

Posted by aurum @ 21:44 on September 4, 2014  

My daughter flew down from Chicago for the Holiday weekend.  I have a few number of valuable things some of which are not heavy.  You may recall my Spirit Box which I used for help in trading – maybe I need to ask those spirits again?  Anyway the point is I have many interesting things.

She told me:  “Dad, the only thing I insist upon having and please put it in your will – is your vinyl collection.  The rest I don’t care about.”

What is that you say about the apple and the tree?

aurum

ipso facto @ 10:56 re Philippines Senator files bill to ban mineral ore exports

Posted by Mr.Copper @ 21:25 on September 4, 2014  

Related post, I wrote this on 4/21/08:

Ecuador revokes 80% of mining concessions

“The country’s government, headed by President Rafael Correa, says it has taken the dramatic action to secure greater control of Ecuador’s natural resources and increase the amount of profit the mining sector contributes to the state.”

“Around 40 international mining companies operate in the country, contributing millions of dollars in investment to the mining economy.”

Comment:
To me its another sign that Globalization, (the Titanic) is failing. It’s turning into, all hands abandon ship, and every man (country) for himself.

Lets face it. Businessmen used to get away with owning slaves. Woman at one time were not allowed to vote or drive a car.

To me it’s the same thing with global minded or global focused business people. They may be losing their ability to “get away” with things, that they used to get away with.

When global businessmen justify or brag, that investing in a foreign country, will benefit the locals, in reality, they are investing to profit, FAR more than the locals will. The ability of throwing them a bone is waning.

Unfortunately, for global players, the foreign country’s locals are learning, like slaves, woman and minorities, that they want more, and don’t want to be taken advantage of anymore.

Scruffy @17:26

Posted by commish @ 21:12 on September 4, 2014  

fbf896b629

Today

Posted by aurum @ 20:56 on September 4, 2014  

The few pm’s I had were mostly stopped out – yes I know I set my stops close and yes I know the 50 fib held today on GDXJ so I may well be wrong to be so cautious.  Still when I trade/invest and do well I increase my account funding – when I have struggled as this year I cut it.  Pretty soon I will have less trading/investing money than I used to use in poker night.  In the 20 years or so I have been doing this I have had one or two losing years and one was a big loss.  This year I am probably about flat and maybe I should let the year close out that way.

Anyway Barney and I went over to our favorite outdoor pub and he had his usual meatball dinner.  The sunset from there tonight was great.  I took photos of the outdoor seating but as there are friends in the photos I am reluctant to post.  Will get a photo next time of the seating area.

aurum

2

 

1

Louise Yamada today on King World on G&S

Posted by Richard640 @ 20:47 on September 4, 2014  

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/4_Louise_Yamada_On_Gold,_Silver,_Platinum,_Palladium_%26_Copper.html

Scruffy @ 20:18 LOLOL

Posted by Farmboy @ 20:26 on September 4, 2014  

Ouch….lOL

Re Slain American: “These Acts Unite Us” “Global Effort To Thwart Recruitments Of Militants” “L.I. Reps Back Strong Reply”

Posted by Mr.Copper @ 20:03 on September 4, 2014  

Front Page local paper today> “Cops Probe killing Of Pregnant Woman”….”GANG REVENGE” “They suspect she was targeted by MS-13 Gang Member as an informer sources say.

Comment:
Why is TPTB putting words in our mouths regarding the decades long growing problem in the Middle East? The problems for Americans are right here. These dirt bag gangs, and their drive by shootings.

That poor girl was sitting in her car in the driveway and some SLIME BAG pumped 6 rounds into her. And it could have been mistaken identity too. One time I heard a girl gang member, for MS-13 club initiation, went and knifed a wrong girl in a shopping mall because she had a red shirt on.

Its time for Americans to focus on more local killings and forget totally about the M/E until we clean house of scum right here.

Now their using Religion as a excuse

Posted by goldielocks @ 18:30 on September 4, 2014  

Same religion that they claim insults Muslims this is too funny. Kerry says the bible says we should protect the Islamic states from global warming. Where? Lol show me where the bible talks about the global warming. Is that under false profits?

http://www.redflagnews.com/headlines/john-kerry-bible-commands-america-to-protect-islamic-countries-from-global-warming

Scruffy

Posted by goldielocks @ 17:44 on September 4, 2014  

I think they need another committee. We need another a lot of things. Keep these articles then when the kid next door talks about joining the service show them to him. Ask him if he really wants to risk his life for these idiots when it’s not going to make any difference for anyone else either? With the constitution under attack what’s to defend, these guys? They and their peace prize is a joke.

Joan Rivers

Posted by newtogold @ 17:15 on September 4, 2014  

May she RIP. Another comic gone. Put things into perspective when I heard about  Robin Williams and now Joan dying. Make each day count even on a dismal G&S day!

 

 

the russian myth

Posted by ment17 @ 16:34 on September 4, 2014  

and the frentic posts about Russia invading all B.S.

Obama is a Liar. Fake NATO Evidence. OSCE Confirms that No Russian Troops, No Tanks, have Crossed the Russia-Ukraine Border

Can’t see this doing any good for their economy less their bankers

Posted by goldielocks @ 16:32 on September 4, 2014  

Ecuador has announced it will begin to circulate electronic currency created by its central bank in December. This is the way of the future. They often take a country like this for the test case. Ecuador will begin the process and we will see it swing to the USA and Europe during the decline in the ECM after 2015.75. This is the way to the future.

Ecuador’s currency is effectively the US dollar. Ecuador is planning to take the first step toward abandoning the country’s existing currency, the U.S. dollar as people perceive the action. But this is a trial run for the USA since it will be a digital replacement that is going to emerge as a new electronic currency. Armstrong

Florida

Posted by goldielocks @ 15:54 on September 4, 2014  

Ps Same for prices in things we buy. Especially since not even made here. When I saw some of those prices for those little black dresses going for as high as 300 I think I’m glad I can sew and just zip one up even without a machine if I wasn’t one.  Now if I can learn to make shoes. Men can be just as creative with other things. People can throw a monkey wrench in their service job economy make things themselves and put made in USA on it. Same for those they hire. California a different subject. Pretty soon these idiots will have it succeeded from USA all together just for votes.

Trader Dan today on the Euro-$-gold

Posted by Richard640 @ 15:38 on September 4, 2014  

 

 

That is why one must view the chart to gauge which view will dominate. If Eurogold takes out the psychological and technical resistance level of 1000, then maybe we have something. For now, it is range bound.

The USDX has gained 5.5% since early May of this year and is currently working back to the top side of a more than two year long range trade. There is some light resistance near 84 with more formidable resistance near 85. If the Dollar breaks through both levels, one would have to say that a run to 88-89 is not out of the question.

The Daily chart shows a powerful uptrend underway. Simply put, it has become a matter of dueling economic performances. Traders are looking at the relative performance of the various nations/zones whose currencies comprise the USDX and compared those to that of the US and are voting in favor of the US.

This strength in the Dollar also tends to depress commodity prices in general. One thing that concerns me is that we are getting a surge higher in the Dollar at exactly the same time we are getting more and more confirmation of a bumper corn and bean crop. As a rising Dollar makes US grain/beans more expensive on the global market against our competition, prices may have to take into account the higher Dollar. Translation – foreign buyers of US grain may be waiting for prices to fall yet further than they otherwise would have to help offset the stronger greenback.

One last thing- this rise in the US Dollar is not going to make it any easier for gold to rise in price. In foreign currency terms, gold is doing okay, especially Eurogold but as said before here many times, it is geopolitical events supporting the metal.

As far as Europeans are concerned, an interest rate environment such as the ECB is creating, is a two-edged sword. On the one hand, it lowers the opportunity cost of holding gold since bonds there pay next to nothing and thus incentivizes ownership of gold. On the other hand, the stronger Dollar ( via weaker Euro) raises the price of the metal and thus makes it more expensive to buy and own.

 

 

http://www.traderdannorcini.blogspot.com

 

Florida

Posted by goldielocks @ 15:28 on September 4, 2014  

I look at it different. They could just raise prices  like everyone else but are making a (statement) and perhaps others should follow but will probably stand back. Only bad thing is that it makes the workers the target. Target should be these insurance companies as well as healthcare costs including pharmacies out of sight prices. I like Farmboys option though, if you didn’t vote for it shouldn’t have to pay for it. People should have their say including other things like war taxes, politicians raise taxes they didn’t vote for either.

Farmboy

Posted by goldielocks @ 15:20 on September 4, 2014  

If no serious injury to discs involved go to a chropractor maybe with a heat message table. I got hit by a car once and pain pills not much help hot cold only temp and wouldn’t help me sleep. I went there he put me in a table with a heat massage roller thing. After a few of those and I was cured when all doctor could do was prescribe pills. Some things were thrown out of place via X-ray  but major reason for stopping the pain with his work was that massager thing. If he wasn’t across town Id use him after some work days. But that was my case not yours.instead of just suffering you should get it checked out of don’t go away pretty soon.

Well…PupTent, I Cant Think Of Anyone I Would Rather Get Bushwacked With…

Posted by Farmboy @ 14:31 on September 4, 2014  

And in spite of our differing views on things political. I would gladly show you my favorite spot down by the river on some moonlight nite.

 

Thought I had this back thing whupped, but I reckon not. Sure could us a back rub about now, even if you have left hands.

 

Think you just ought to go ahead and marry me. Don’t reckon we would ever get bored. 🙂

 

About to run out of pills and pain killer……guess I am in for a little ride shortly.

 

xo, Farmboy

 

 

 

 

 

 

 

 

 

 

 

d

 

 

Florida

Posted by goldielocks @ 14:27 on September 4, 2014  

The way prices have gone up I think many companies have already factored in Obama care their just not talking. Think they should but probably fear retaliation from these evil folk. Look what happened to GM management for voting republican vs workers union votes demo. Management lost their health care benefits.

I can only see Obama care helping the insurance companies and them get paid for forced health care which most will never use with out of pocket expenses 6-8k before they can ever use it not the first time won’t be the last . Ironically seemed to me most if the people who voted for these people were either uninformed esp immigrants and people who are sitting pretty on state or fed jobs who don’t need it or have to suffer the consequences themselves or even profit off it being state paid from the taxes of the private sector.  California lost Telsa but didn’t surprise me plus illegals would probably move in anyways and heard Texas a pro oil didn’t get it either.

How bearish is gold? Let me count the ways….yet=jnug down 8.20% and Crimex gold futs down only .3%

Posted by Richard640 @ 14:23 on September 4, 2014  

Only 1/3 of one percent down for gold?? WHY? CRUDE’S FALLING!  The $ index is rising strongly! Stocks are THEE place to be, right-so who needs gold?

Today PM paper is dropping waaaay out of proportion to gold futs–this has always been a short term bottom–I will definitely take a pilot long position on any job report related loss in gold in the morning–might even buy a smidge before the close–and if I’m wrong tomorrow, I’ll just lie and say “I never done it”

let’s hope we have exhausted that subject

Posted by puptent @ 13:30 on September 4, 2014  

remind me not to start another thread…farmboy hope your back is getting better…and yes folks farmboy and I tease each other..

but I am left handed and he is right hands…

and never the two should meet.

cheers

puptent

 

Almaden – AAU is catching nice bid this am.

Posted by Mr.GoldBug @ 12:57 on September 4, 2014  

a while back, someone here had said something about AAU, I did a little research just to find out that is was NOT just a hole in the ground..with some Liar running the show! .. My daughters custodial accounts had no silver exposure  in them so i bought a meager 1000 shares for each of their accounts .. .. it is really hard to believe that i bought something, and it actually went up .. cause it usually works the other way around.

Mike Jenkins-Stock Cycles Forecast-Aug. 22nd letter-targets would be 1193 and 1060 UNLESS gold goes back above $1345

Posted by Richard640 @ 12:56 on September 4, 2014  

Gold keeps failing at key bull pivots and this last top was exactly dead center at key resistance. Usually that means a big leg down and clearly the targets would be 1193 and 1060 UNLESS gold goes back above $1345. If you look to the left near the final low, we could be folding back down into that October 2008 area from March / April 2009 and that foldback leg would be the 1062 target precisely. Of course if we are near March 2009 on the foldback it could mean most stocks are now at major TOPs but stocks that went up and back down like X and BAC are there too and folding up BIG, up into 2008. Gold will be a key tell so watch closely.

Here are the 10,535 pages of obamacare condensed to 4 sentences

Posted by Mr.Copper @ 11:41 on September 4, 2014  

I got this in my e-mail…..My response below…Food for thought.

Here are the 10,535 pages of obamacare condensed to 4 sentences…

As humorous as this sounds…..every last word of it is absolutely TRUE!

1. In order to insure the uninsured, we first have to uninsure the insured.

2. Next, we require the newly uninsured to be re-insured.

3. To re-insure the newly uninsured, they are required to pay extra charges to be re-insured.

4. The extra charges are required so that the original insured, who became uninsured, and then became re-insured, can pay enough extra so that the original uninsured can be insured, which will be free of charge to them.

This, ladies and gentlemen, is called “redistribution of wealth” … or, by its more common name, SOCIALISM.

Yup. This is it in a nutshell.

===================================================

Mr.Copper Response.
Ree,

Yer right. That’s the way it looks in a nut shell. But lots of things are not just the way it looks. In my view, this all fits with my reversal observations. Briefly. No time for full explanation.

When they started globalization around ’75, and started giving away trillions of dollars worth of manufacturing jobs and production business activity, they HAD to come up with artificial service job creation ways to make up for the losses. The medical SERVICE industry was expanded via free medical insurance expansion after ’75.

At the beginning, (late ’60s) coverage was free at work. Nothing is a coincidence. The reasonable premiums the employer paid, the $10 co-pays and little or no deductibles, encouraged many people to take advantage, and go to the Dr. for any miner little thing. And naturally the “cover my ass” excuse encouraged Drs to run many expensive tests. (more service workers)

Naturally we all know how out of hand the trend evolved between ’75 and summer ’08. We are now in my opinion and observation, a reversal of that trend. Obama care was the “method” or “encouragement” (thru bigger deductibles, bigger co-pays) to STOP people from going to the Dr. for miner things, and unneeded tests. (less service workers)

One medical receptionist told me…”I’m doing this 30 years and never seen it this slow” “Nobody’s coming in for tests like they used to” “Many are going without”. TPTB finally knew in 2008, that artificial service job creation is no longer sustainable. It simply ran its course. Many other artificial gov’t supported service jobs are in trouble too.

They are bringing production and manufacturing back. Starting to produce THINGS here that people actually need to live. We don’t really NEED services to live. We need food, fuel, cars, planes, TV sets, widgets etc. China IMMEDIATLY went into contraction after we imploded in ’08. At the same time we went into expansion. But very few see this. Those who are first, always look wrong at first.

PS: Medicare itself was a make work welfare project as we started to lose jobs to Japan after wwII. Medicare and Medicaid gradually became needed as our wealth was being drained for foreign nation benefit, WWII Korea Vietnam etc.

The tax PAYING people can no longer be taken advantage of. We can’t afford to fight other peoples wars anymore either. “Bernie Madoff” was known and allowed to do that because it helped generate revenue.

The No Doc liar loans were also allowed to keep real estate related home Depot jobs going. Paying Americans to sell foreign made goods. Solar panels another gov’t welfare industry.

I can go on and on. Note the zero interest rates these days. Sub prime loans and 7 year payouts for cars now ya know. Cash for clunkers, more welfare for USA car dealers selling Jap Korean and German made cars.

The central planners are managing the entire planet. They may have waited too long to rotate the production situation back to USA. They keep getting hit with “black swans” lately.

The entire Middle east is in reversal too. Even some European countries want separation. California I heard had some counties that want to separate.

Too many square pegs were forced into round holes, and the “mechanism” is malfunctioning. You will never see these views on Glenn Beck, Rush Limbah, Fox news etc.

re In Shocking Move, ECB Cuts By 10 Bps, Sends Deposit Rate Further Into Negative Territory

Posted by Mr.Copper @ 11:17 on September 4, 2014  

Nothing is a coincidence, or natural market force. TPTB have been driving the US dollar higher since June to invert the Euro LOWER since June.

“Europe NEEDS inflation” to stop deflation is their stupid logic. And of course, the USA needed a little break from inflationary $4.25 gasoline or high oil prices from back in June.

I’ve been watching the game a long time. They have been rotating and smoothing things, sharing pain and pleasure from country to country.

Don’t think, look at the Dollar and Euro:
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1

Now look at the US Oil cost:
http://finviz.com/futures_charts.ashx?t=ENERGY&p=d1

re Philippines Senator files bill to ban mineral ore exports

Posted by Mr.Copper @ 11:06 on September 4, 2014  

More evidence. Reversals. Push is coming to shove. Countries are starting to watch out for their own asses. In other words, like the Commune they had going in sunny ca. in the 1960s, one by one, the people getting the short end of the stick, dropped out.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.