stocks selling off before the close-but that’s looking unlikey–cause the “virtuous circle” [jerk] is still in effect for Gladstone Gander America….
SO WHY IS SILVER UP AND GOLD DOWN ONLY .5% if things are so gold bearish.
stocks selling off before the close-but that’s looking unlikey–cause the “virtuous circle” [jerk] is still in effect for Gladstone Gander America….
SO WHY IS SILVER UP AND GOLD DOWN ONLY .5% if things are so gold bearish.
Via Zerohedge
Secret Recordings about how Goldman controls the NY Fed……
Meant to mention that to you but got busy doing something. Got a lot of talent there my friend. Creativeness…think one can learn such a skill ? I think its a Gift. Good to see you putting it to such use.
I am seeing more and more of those coin counting/vending machines. Where folks pour their coins and get a receipt, less the percentage the machine owner deducts. Finding them in grocery stores, convenience stores and the one at my bank most always has someone bringing in their bag or box of coins. Now besides the ‘fee’ for using the machine, I am guessing one could find quite a bit of those 90% coins thrown in the bunch. Think of it as owning a silver mine without all the hole digging. 🙂
Dollar making new highs, but Gold NOT making new lows, so far.
GLD/UUP
http://finance.yahoo.com/q/bc?s=GLD&t=1y&l=on&z=l&q=l&c=uup
Gold might even be bottoming.
http://finance.yahoo.com/q/bc?s=GLD&t=3m&l=on&z=l&q=l&c=uup
For TPTB to push the dollar way up like that, so fast, it has to be a big policy change, reasons not yet in the news.
I’d like to run one of those ads where we are asking for people’s silver coins and junk silver. and then when they call just tell them yea sure I’ll meet you. Look at thier goods…. and then just explain to them, well with silver prices so low. …we’re going to have to offer you a few dollars below spot because this is a risky investment for me. you want the cash or not? And the scam is exposed on how it really works
Golly, the way they just keep pounding the PM’s I am thinking of starting up a business and I wanted all you folks to know just in case I can be of service. Farmboy’s Recycling and Junk Removal Service. Figure at this rate, in another month or two some folks will be willng to pay me to back up my truck and haul off their gold and silver. No sense taking up valuable space in their homes storing the Barbaric Relics. Let me help you clear out that unused space. I will also be glad to take any aluminum or copper off your hands. Reasonable fees and 24 hour service guaranteed.
Always looking for ways to be of service, Farmboy
Snip: “Bill Gross, who co-founded and led the giant fund manager Pimco for more than four decades, is leaving the company to join Janus Capital.
Investors have been pulling money out of Pimco’s Total Return Fund, the world’s biggest bond fund, for more than a year over worries about Gross’ ability to continue to deliver big returns. Investors have also been rattled by reports of a regulatory probe into the way Pimco has been valuing bonds in a smaller fund and by management turmoil at the company. In January, Gross’s heir apparent, Mohamed El-Erian, abruptly resigned.
http://news.ino.com/headlines/?newsid=306923928
Comment: The more one gets a peek under the hood of these markets, you have to wonder how much longer Richard’s 640 pie crust will last. Plenty of ‘tremors’ signaling something is about to blow. Got Gold?
Thought he did an excellent job as CEO of Goldcorp. Was sad to see him leave, but looking forward to his new ventures. You have been posting some great thoughts of late, I have not had the time to tell you so. Always a pleasure to read. Thanks !
VANCOUVER –The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations.
Several mines globally have already suspended output in the past 18 months, but not as many as industry watchers expected as producers focused on slashing costs and reworking mine plans to extract more profitable, higher-grade ounces.
But with bullion’s slide this week to a nine-month low of $1 208.36 an ounce, those defenses may not be enough.
“$1 200 is a critical level. The industry has geared itself around $1 200,” said Joseph Foster, portfolio manager at institutional investor Van Eck Global. “If it falls below that level, then there are a lot of mines around the world that are really going to struggle.”
well it seems to me that gold is tied to the hip of the buck.
no an exact correlation but nevertheless a function of the buck;
when the buck goes up in price via the index gold seems to ramp down.. not because of gold selling but because of the natural value of what a dollar can buy at any time in gold and visa versa dollar down gold up more dollars to buy same gold
so if the dollar has a real run up it will directly value the price of gold down because less dollars are needed to buy the same oz.
but why is the dollar going .up. the perceived safety as opposed to the flight away from other currencies into the dollar.
Ask them their thoughts,Pierre Lassonnde says China will determine Gold prices.He’s the best in my opinion.
Rob McEwen not talking too much I would love to here more from him.
Frank Giustra is a financing Genius for Gold companys ,but he’s friends with Bill Clinton and that makes me nervous ,I suppose knowing what liberals are thinking and who they know has its advantages.He certainly knows how to use that to make money .
There are plenty of Rich Liberals,so maybe Franks on to something…
I sometimes joke to my friend ..when I become a millionaire I’ll become a Socialist,When Im a Billionaire I’ll be a communist…That way I can say to the Poor “don’t Tax me I’m a Socialist just like you”
A spice commonly found in curries may boost the brain’s ability to heal itself, according to a report in the journal Stem Cell Research and Therapy.
The German study suggests a compound found in turmeric could encourage the growth of nerve cells thought to be part of the brain’s repair kit.
Scientists say this work, based in rats, may pave the way for future drugs for strokes and Alzheimer’s disease.
But they say more trials are needed to see whether this applies to humans.
Too much political and technological manipulation (HFT). Plus BG still has some sanity.
I keep hanging on because the time for financial upheaval gets closer each day, thought 2008 was it. No rescue when that happens next time. I think deflation, especially in debt (maybe a jubilee) and then hyper Zimbabwe style.
winedoc, thanks for BB, neat encounter you had. Riding with the King of gold.
but when she blows, there is going to be a lot of folks experiencing the ‘Gnashing of teeth’, wishing they had a few ounces in their pocket.
Just waiting for the Magic of Illusion to end……lasted longer than I thought for sure.
The Aussies are following right along. I’m a little surprised … not seeing the need for these new laws, except to further control the poplulation. Maybe one of our wandering Aussie friends will comment.
LA TUQUE, Canada — For years, members of the Atikamekw First Nation have watched trucks rumble through their traditional territory, carrying out load after load of timber, only to see the profits slipped into others’ pockets. Recently, exploration companies have begun searching for rare metal and gold deposits on the land, a vast stretch of Canadian wilderness nearly the size of Maine. And like many First Nation tribes, the Atikamekw have had enough.
Atikamekw leaders declared sovereignty over the 31,000 square miles of boreal forest in north-central Quebec earlier this month in a bid to control the extraction of resources on their land. This week they issued another statement saying they won’t allow forestry work to continue on their ancestral land without their approval. The moves came after a game-changing Supreme Court decision this summer that recognized the rights of a First Nation in British Columbia to its ancestral territory. Now many tribes are examining if and how they can exert more control over the land they claim as theirs.
Most of the Atikamekw-claimed territory is interrupted only by a scattering of small towns and gravel logging roads. The First Nation group, consisting of about 7,000 people living on three small isolated reserves, has been fighting for greater control over its traditional land for years.
The declaration of sovereignty came after years of watching with frustration as the Quebec provincial government made deals with forestry companies without Atikamekw consent, said Constant Awashish, its newly elected grand chief.
more http://america.aljazeera.com/articles/2014/9/25/first-nations-sovereigntycanada.html
kept out of the mkt just for the reason u mention…
“Richard640 @ 9:41 on September 26, 2014
A bull mkt [in stocks] climbs a wall of worry.”
But this has not been a bull market of old, this is a totally manipulated ‘Artificially Propped’ up market. Imho.
Evidenced perhaps best by the lack of ‘normal’ corrections a run up of this magnitude should have experienced if I grasp normal market fundamentals.
Australia’s senate has endorsed new anti-terror laws that will grant its intelligence agency the right to spy on any citizen with just a warrant, while journalists and whistleblowers “recklessly” exposing special ops can face up to 10 years in jail.
The anti-terror laws, which cleared the Australian Senate on Thursday – and will almost certainly pass the House of Representatives on Tuesday – grants extraordinary powers to the nation’s spying agency, ASIO, to effectively monitor the entire Australian internet.
The National Security Legislation Amendment Bill allows one warrant to give the ASIO access to a limitless number of computers on a computer network when attempting to monitor a target. It also allows for the content of communications to be stored – while ASIO agents will be allowed to copy, delete, or modify the data on any of the computers it has a warrant to spy on.