How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
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Wanka-
Flagler’s “Rail Yacht”… great name! I will keep an eye out for more interior shots, too. It really piqued my curiosity. Considering what the man accomplished, I’m sure he settled for nothing but the best. Too bad the present day ‘Florida East Coast’ RR doesn’t have a museum. They are but a namesake shadow of a once great empire.
I wish I could understand what you said but I don’t. I’ll have to look up Altos. Although until I see some catalyst I’m not too hopeful in sales prices picking up even if they aren’t selling.
So, no overhang of central bank gold sales over the gold price!
the “set” is=he is standing in front of a bank vault–with a guard in uniform behind him–he says=experts say that gold could go to $5000 in a matter of months–[I guess he could quote Organ]….it’s really too, too funny-!
Does patience pay? Ask a cat.
There were no sales or purchases from or to the SPDR gold ETF or from or to the Gold Trust, on Thursday. The holdings of the gold ETFs stand at 773.449 tonnes in the SPDR gold ETF and at 164.18 tonnes in the Gold Trust. Equity markets in the U.S. are falling, but as you can see from zero sales from the SPDR gold ETF, this does not means that U.S. investors are moving into gold.
The gold price hit a level where Asian demand came through to snatch bargains in London, as we expected around $1,200. The gold price fell back to $1,208, but recovered quickly to $1,222 where it held overnight until London opened. This is an important move to us as there is no cogent reason why the gold price should fall with the euro. Yes, it is recognized as a hedge against the dollar, both ways, in the developed world, but this should not be reflected in day-to-day prices. It is becoming a hedge against all currencies and will be so in the future.
With the dominant factor in the gold market being Asian demand and supply we expect prices to reflect those market behaviors, as we said yesterday. This is rising, as they see such low prices and the season for gold is upon them.
Unlike the developed world, we see that gold has a very active role in the Chinese banking system in leasing and collateral down at company and individual levels. In the west its role is as an investment or important reserve asset. While the west may feel this archaic, we feel the Chinese are getting it right and in the future, in the west gold will take on a much more active role in cross border transactions.
Today marks the last day of the third Central Bank Gold Agreement and next week the beginning of the fourth one. In the statement from the signatories the big difference is that there are no more plans to sell gold. Essentially, their sales have been completed. They repeat that gold remains an important element of global monetary reserves. This Agreement will be reviewed after five years. So, no overhang of central bank gold sales over the gold price!
Silver– The silver price has stopped falling too.
Julian Phillips is the founder of www.GoldForecaster.com and www.SilverForecaster.com
FBI director James Comey, who used to be the head prosecutor in NYC the most corrupt office in the system, had come out swinging at Apple and Google for developing forms of smartphone encryption so secure that law enforcement officials cannot easily gain access to information stored on the devices – even when they have valid search warrants. Of course, Mr Comey can only see the abuse of power of government as necessary and not the severe damage that has been done to the entire industry because of the abuse of the NSA and others. He said he could not understand why companies would “market something expressly to allow people to place themselves beyond the law.” Perhaps he should not work for government and then he might get it.
Largely because of the abuse of government, which is by itself beyond the law that he cannot grasp, this is not a question of only criminals. This is a matter of personal privacy that a government if FREE – has not right to violate. This is not all about him. This is what those in government cannot see. There is a real world out here with a right to LIBERTY, FREEDOM FOR ALL, and the right to PRIVACY. It was government outlawing condoms that led the Supreme Court to draw the line and say no – there is a right to privacy. That right was established in Griswold v Connecticut. Just how does one enforce you are not using a condom? Do government agents storm into your bedroom to inspect before having sex? This is what Comey just does not understand – sorry you have no such right. Prove your cases the old fashion way – with detective work. Armstrong
In the Depression the Banksters were then able to convert Paper wealth Mortgages ,Loans,all sorts of debt intruments into REAL wealth via the process of FORECLOSURE .The Banks will kick you out of your house even if its 90%paid for because if you miss a payment the whole loan becomes DUE immediatly.
Thats why its best to have a paid for house OR a Mortgage with NO equity …Its the guy in the middle …thats who they want to foreclose on .Thats where the equity is.
Its a good time to put a second mortgage on the house ..then they don’t want it ! Take the money and run ! I know of familys who that happened to.50% equity is a bad place to be.With NO equity the Bank will pay you to stay in the house to avoid squatters and copper thieves.
Banker mentality is predatory.
My Dads business partner taught me a lot about debt.He was married 7 times.Every one of his wives had money and he went through it so fast they didn’t know what happened.He had two mortgages on his house,two on the car and all the inventory in the business was borrowed money .He often said if I die tomorrow I beat them all! Even when the business got into trouble because payments were coming in slow as Retail stores started taking 60 & 90 days to pay .On paper it was profitable ..cash flow dried up.Before we went into a creditors meeting in 1969 he told me “they don’t know it yet ,but they are going to give me more credit or they will never get back what I owe them. He was right ..the crediters gave him another $200,000 in credit with restrictions on accounts receivable !
He was a rascal he was. As soon as he married one wife
he would use her money to court the girlfriend ..rinse and repeat 7 times…He was always 1 ahead of them…
He was super salesman ! I could write a book about that guy ! No creditor will foreclose if there is no equity !
He always said “they have to keep me in business”! We have a debt based economy make it work for you !
”
Our story is that the precious metals[PMs] markets will not turn until the US and the UK
lose their control over the money markets. It could not be any simpler. When will that
control be lost? Not any time soon, and 2014 could very well bleed into 2015 and 2016
just as 2013 did in 2014. It could all change next month or sometime thereafter, but until
it does, no change is happening, yet.
The UK is less problematic because it does not have the military might that the US has,
the Empire of Chaos, led by the Nobel Peace Prize winner cum War Lord of the Flies,
Barack Husain “Obomba” “If we do not have a coalition, we will not bomb Syria.” He
had no coalition because his “closest allies” bailed on him. True to form, he bombed
anyway, and he was joined in a last-minute “coalition” of other Arab nations that want
to get rid of Bashar al-Assad, president of Syria, at all costs.
No one can stop the United States from inflicting its debt pain and military might against
those who do not go along with the NWO [a wolf in US clothing], or “you will pay the price
by having your country wrecked.” In the world of international laws, none apply to the US
when they get in the way, and there are no consequences. Did international law stop the
Obomba administration from backing a coup against a sovereign Ukrainian president,
kicked out and replaced with a puppet loyal [at the end of a gun barrel] to Washington?
It used to be only Mao Tse Tung who ruled with power from the end of a gun barrel.”
I know Willie talks about the “Scheiss Dollar”. But what is the catalyst for the devaluation? I believe he thinks it’s the Saudi’s accepting other currencies.
Hard to see anything on the horizon at the moment that would be a catalyst for an “out of nowhere” devaluation.
What I mean’t was=I can think of many reasons for gold going up…but none of them have mattered for the past 3 yrs
is a prelude to a Devaluation..that way everybody gets Screwed EXCEPT the Gubberment !
Try the new ” Scheiss” Dollar ,you know what that means in German !!!
Shit Dollar is going to DEVALUE the Domestic Dollar at Least 5 for 1 …THATS HOW WE ARE GOING TO GET TO $5000 gold over night !!
Savers are going to get screwed again ! Purchasing Power 1/5 of what it was….
It will happin on a sunny friday after the markets close when you least expect it…….
and I (Armstrong) do it(whatever I do) to sell CD”s
2014 Cycles of War & Sovereign Debt Crisis Conference with Martin Armstrong
Price: $195.00 & FREE Shipping. Details
on what is going on in the Middle East.
I searched too, but I cannot find any interior pix of Flagler’s #90 private car. It is owned by the Indiana Transportation Museum, of all strange places. So far I have not been able to connect to the museum website at www.itm.org. The photographer that took that exterior shot, Casey Thomason, works as the Corp. rail photographer for Norfolk Southern also. I’m hoping he took the interior tour and will post photos later. That is a real historical gem!
Edit: AHA! Video of the car ‘in action’ with a few interior shots of the Opulence!
I like to try to be a jeweler of junk when it comes to producing architectural solutions.
And what a rip wanka…I don’t know why I didn’t join those guys years ago that buy junk silver
As for the USD, it’s always brightest before sunset?
No other paper in the west is worth holding so the USD is the best of the crap? That is until the Saudi’s say they’ll take something other than USD’s for oil. Houston, we then have a problem. Course, as long as we’re attacking Syria and Assad, then the Saudi’s will probably be happy?
No way the USD goes to 50 against all the other garbage currencies of the west. That being said, 11 weeks in a row should be enough for a little pullback right? Maybe not.
Truth is, if the BRICS don’t do something to unseat the USD as reserve currency them pm’s are probably just garbage. Sad to say but it appears the crooks are winning again.
Willie and Organ say the collapse happens before the end of the year. I give them 100-1 odds.
Today we had a “killer” [phoney?] GDP final revision of 4.6%–yet another–of many lately–strong gains in the $–strong stocks—the strong GDP means the taper program [death to gold] as rates will rise to a big, luscious 1/2 of one percent…So, again I pose this question= WITH ALL THE O-SO-GOLD-BEARISH for gold factors in play-[and O-so-bullish for U.S. paper assets]–why was gold down only 1.90 at 5:15 today and silver up 19–where is the dnside mo-mo?
ACCORDINGLY, I executed the following trade after the close today=
Completed:
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JNUG – 04:06
Bought 2000s @ $13.19 – Total: $26,387.00
Submitted by Phoenix Capital Research on 09/26/2014 10:05 -0400
“Buy stocks! It’s a great opportunity! They present great value.”
This is the non-stop mantra espoused on financial media. It’s simply astounding given that
1) Everyone with a modicum of sense knows stocks are in a bubble
2) Financial media viewership is plunging to multi-decade lows (you think they’d consider changing the content?)
Here are a few thoughts no one in the mainstream financial media seems to address.
First of all, corporate insiders are dumping shares at a pace not seen since 2000.
That’s correct. The folks who know more about their companies and future growth prospects than anyone in the world are unloading their shares as quickly as possible.
Investment legends are doing the same. Warren Buffett, perhaps the single biggest fan of stocks in the last 100 years is currently sitting on over $50 billion in cash. Buffett’s partner Charlie Munger recently commented that he has not bought a single stock in his personal portfolio in over two years.
Aside from Buffett and Munger, Carl Icahn, Stanley Druckenmiller and numerous other investment legends have warned of a potential market catastrophe. George Soros has even taken out a record size bet on the market collapsing.
Beyond the legends, institutional investors have been net sellers of stocks for most of 2014. The same goes for hedge funds. Do you think they’d be doing this if they thought stocks were offering a lot of opportunities and value today?
Market volume is collapsing to a dwindle and fewer and fewer companies area participating in the rally. Both of these are clear signs of a top forming. Nearly half of the stocks on the NASDAQ are down over 20% from their recent peaks.
Global growth is slowing down sharply. The only non-manipulated economic data point out of China (electricity consumption) shows GDP growth there is HALF of the official 7.5%. In Europe, Italy is back in recession for the third time since 2008. Germany’s economy contracted in the second quarter of 2014 and will likely be in recession before the first quarter of 2015. France has registered zero growth for six months now. And the US is showing anemic growth if any.
So we have corporate insiders selling the farm, investment legends warning of a collapse, institutional investors selling stocks, and global growth slowing rapidly.
And now is the time to buy stocks? No, now is the time to prepare.—PHOENIX CAPITAL
TD: Rick, Warren Buffett is known for having said that a bull market is like sex in that it feels the best right before it ends. I asked you back in January, your thoughts on the general equities market. I’d like to ask again: When you look at the strength of the S&P 500, reaching all-time highs —what are your thoughts?
[commercials “IS” supposed to be the smart money]
Silver
*The large specs decreased their long positions by 2,934 contracts and decreased their shorts by 844 contracts.
*The commercials increased their longs by 2,428 contracts and reduced their shorts by 4,364 contracts.
*The small specs decreased their longs by 2,035 contracts and increased their shorts by 2,667 contracts.
Normally, this would be a bullish report. However, the small specs are the winners so far.
Gold
*The large specs increased their long positions by 367 contracts and increased their shorts by 7,936 contracts.
*The commercials increased their longs by 3,135 contracts and reduced their shorts by 8,789 contracts.
*The small specs decreased their longs by 4,278 contracts and reduced their shorts by 657 contracts.
No surprises in either of the changes in the commercial positions.
