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Yamana Gold Announces Third Quarter 2014 Results

http://finance.yahoo.com/news/yamana-gold-announces-third-quarter-202000498.html

in 2011 Armstrong when gold was setting around 1300,, Armstrong and even old Rambus were calling for 1000 gold… next stop was 1900 .. but I am sure they are now right with their models … sometime the forgetful line of past blown calls is never discussed…. pause ..

Would he be obligated to support everyone? Give everyone a care free hobby filled life? Or would he hire and pay everyone to do stupid things he always wanted see happen.

They want to end the day on a up note.

As I said, why bother with QE when everything is perfect, tks to the Rig.

With mass production, all the computerized robotic production equipment, massive motor vehicles for mining and farming, ATM machines, self check out, etc etc etc, the entire world population COULD be having a lot more time off for pleasure. Writing books, inventing new products, or works of art.

The early pyramid building like WW I, and WW II, Korea, Vietnam, moon landing, space shuttle etc created too much unneeded wasted materials and wasted man hours. We could all be living a lot cheaper without all the taxes (man hours) required to do stupid things.

What good was going to the moon? Or WW II? Massive millions of people being led by the nose by small groups of very powerful special interests “pharaohs”. The pharaohs need to be buried. 🙂

stupidity these days…better off giving them $50K a few times and tell them to go have fun and learn something in your own business.

Student debt in the United States totals more than $1.1 trillion, having expanded by $855
billion in the past 10 years. The rate of serious delinquency on student loans has averaged
more than 11.25 percent over the past two years. Student loans are receiving increased attention
from borrowers, lenders and policymakers as concerns mount over students’ heavier debt loads
and their potential inability to repay.
So how do current student debt levels and delinquency rates, as well as trends over the past
decade, compare to other major consumer lending categories? Should borrowers, lenders and
policymakers be alarmed? And what are some possible consequences to younger borrowers?
Changing Trends of Consumer Debt
Chart 1 shows the rapid growth in student debt since 2003, surpassing the overall size of the
credit card lending market and the auto lending market. Near the beginning of 2003, there
was $688 billion in credit card debt, $641 billion in auto loans and just $241 billion in student
loans. Since then, student loans have increased at a compound annual growth rate of nearly
15 percent—more than three times faster than for auto loans. Credit card lending—which
increased prior to the Great Recession and then receded—is currently lower than its balance
in 2003. As of June 2014, credit card debt stood at $669 billion, auto lending at $905 billion and
student debt at $1.1 trillion. Read more and see charts

commentary, U.S. financial mkts are heaven on earth-the best of all possible worlds–why, heck, int rates are low-no inflation-low unemployment–low energy–great earnings…etc

Shock and awe=ANV=1.73 -.45(20.64%) 3:27PM EDT – Nasdaq Real Time Price eom

but yet the Fed holds all the purse strings. Messed up. Pure madness

So QE ends and what changes in the mkts ….nothing …the Algo’s just keep on ruleing all mkts. Bonds thought of a rally and were hit imediately, PM’s were hit even before and then smashed on the news,  oil has been knocked back well off it’s hi’s and the SM briefly did what it should have done, ie sell off, but was quickly bid straight back.

So now the Fed has total mkt control, why bother with QE, just let the Algo’s run everything and all will be well.

Ps just to show how mad this is getting, the Hui is on tgt for 9 weeks down……….!!!!!!!!!!!

PPs…as I typed this post the SM sniffed the lows again…..now 20 farcical mins later it is fully recovered.

WASHINGTON (MarketWatch) — The Federal Reserve won’t be able to exit from its accommodative monetary policy without some turmoil in financial markets, former U.S. central bank chairman Alan Greenspan said Wednesday on the eve of an interest-rate decision.

During an appearance at the Council of Foreign Relations in New York, Greenspan was asked if the Fed could engineer an exit without sparking a crisis.

Greenspan said he didn’t like the word “crisis” but that “turmoil” was a good substitute.

Then he replied, “I don’t think it is possible.”

Interest rates have been kept near zero since December 2008. Fed members say they expect to raise interest rates next year.

Also see: Here is when Fed officials see liftoff in interest rates

The former Fed chairman declined to say when the Fed should hike short-term interest rates.

The Fed on Wednesday is expected to announce it will stop buying bonds. Greenspan said that the Fed’s quantitative easing has failed in one of its goals to spur demand.

Inflation is “dead in the water” because effective demand is “dead in the water,” he said.

But quantitative easing has been a “terrific success” in getting the real rate of return on long-term assets down, boosting all income-earning assets.

“It hasn’t been a success in the demand side,” he said, because banks are simply parking the reserves at the central bank.

“They just let it sit. Unless or until that happens, you don’t galvanize economic activity,” he said.

“When that starts, all things can happen – and not all of them are good,” he said.

Greenspan said monetary policy is in uncharted territory. He said he was worried the “real pressure” will come when the markets demand higher rates from the Fed to keep reserve balances where they are, he said.

The former Fed chairman said he still has doubts about the viability of the euro. He said that without full political integration in Europe, the euro zone would break up.

There is a very high level of uncertainty holding back the U.S. economy, Greenspan said.

He said that concern about tax policy is a large part of the uncertainty and also the rate of entitlement spending.

only when we have a complete collapse trying to stuff it.  I love how you can buy any old shitey Fed approved stock and make a 10 bagger, but if you’re holding a miner or something PM related you get hammered out of this universe.

But don’t chew go buying Gold or Silver or I’ll smash your fingers with this hammer

it’s not fair to attack Gold and not Silver too. Drive it into the basement! Let’s see it

Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.
What Greenspan failed to add is that it is thanks to his disastrous policies (subsequently adopted by Bernanke and Yellen) that gold is the “place to put money.”

Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases.

He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and mortgage-backed securities did help lift asset prices and lower borrowing costs. But it didn’t do much for the real economy.

“Effective demand is dead in the water” and the effort to boost it via bond buying “has not worked,” said Mr. Greenspan. Boosting asset prices, however, has been “a terrific success.”

He observed that history shows central banks can only prick bubbles at great economic cost. “It’s only by bringing the economy down can you burst the bubble,” and that was a step he wasn’t willing to take while helming the Fed, he said.

The question of when officials should begin raising interest rates is “one of those questions I cannot answer,” Mr. Greenspan said.

He also said, “I don’t think it’s possible” for the Fed to end its easy-money policies in a trouble-free manner….

“Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different, Mr. Greenspan said.

“I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves,” Mr. Greenspan he said.
And finally – while CNBC’s audience is told what a terrible thing gold is, “The Maestro”, having personally created the financial cataclysm the world finds itself in following a lifetime of belief in fiat, Keynesian ideology and “fixing” one bubble with an even greater and more destructive asset bubble, has suddenly had an epiphany and now has a very different message from the one he preached during his decades as the head of the Fed.

Mr. Greenspan said gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.
What Greenspan failed to add is that it is thanks to his disastrous policies (subsequently adopted by Bernanke and Yellen) that gold is the “place to put money.”

And now, paging Scott Nations.

http://www.zerohedge.com/news/2014-10-29/alan-greenspan-qe-failed-help-economy-unwind-will-be-painful-buy-gold

Whenever I read something like Larry Edelson or many of the other guru’s who start discouraging gold and silver investors and hinting that maybe they they should sell their PM’s and go to cash or buy an ETF to hedge….. I start seeing the movie The Sting. I start thinking that we are being set up to be the patsies when TSHTF!!

Where would you rather have your wealth if/when there is a sudden reset of the US Dollar??

I think I’ll just hold my …….silverngold!!

I can’t argue dollar having a dead cat bounce ” Larry’s note on dollar” he was kinda late in that realization though. He mentions Europe selling gold but others are buying.

Heres something’s going on were not hearing about in Europe.

Sales to European buyers rose on the belief that a proposal to prohibit the Swiss National Bank from selling any of its gold reserves and a provision that the SNB may have to have a 20% gold backing to the Swiss franc may lead to increased demand both from the Swiss central bank and from other central banks.
http://m.resourceinvestor.com/2014/10/29/silver-bullion-flying-off-the-shelf?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+resourceinvestornews+%2528Resource+Investor%2529

To get monkey-hammered………..ANV. The only industry where 41% of the float is “short” and it gets annihilated.

is wearing her GOLD necklace again  !   Its a signal   for Gold !  I betcha !

She can’t say it ,but nothing stops her from wearing “innocent” jewelry does it.?

It seems to have the same pattern as Mad Cow disease….That got started when humans fed less desirable cow parts back to cows as feed ..yeah it worked in theory except for the fact that the healthy cows got sick from eating sick cows because they had the same DNA and were subject to the same diseases.

Now on to Africa where its not uncommon for Africans to eat BUSH MEAT…..Whats wrong with that ? Well we eat deer ,bear,and some eat squirrel and even possum without getting sick ,so why Africa ?

Its quite simple  we are closley related to monkeys,apes where its said that we share 97 % of our DNA …so dosent that also mean that theres a 97 % chance we can be subjected to the same disease that they get ?

Its so close that a small variation in DNA could cross over very easily .Thats how HIV got to humans and it appears the same mechanisn made us subject to Ebola ! Stop eating Monkey meat !  The DNA is too close ! It seems like a NO brainer  to me !  BUTTTT its too late now ,you cant undo the dna crossover .

In the future we can educate Africans and in other parts of the world where they have monkeys not to eat them ….Its too easy to share their diseases…

The only complex in the world that the grubberment needs to control. everything’s fixed, granny Janet says so. She also pushed the dollar north of 86. More pain to come. Fight the Fed and learn the hard way. They’re going to keep printing…bury the stats somewhere

After seeing what they did to the seals in op redwing I was appalled. They didn’t even have a working radio or back up and when it came wasn’t enough and they were killed too. These men died for military incompetence. Personally they should have had someone familiar with mountains and climbing because watching it I seen so many things that could of prevented what happened next and next. They are part of the 99 percent. They are as risk.

Well while they are holding PMs down picked up some historic hand made silver jewlery from Isreal. One kinda reflects that of today jewlery made of a widows mite. A reflection of scribes stealing widows houses for the treasury although so see it as sacrifice of the widow theirs a bigger picture behind it.  While PMs still cheap get things that can tell a story to pass on to their children so they don’t forget. Hopefully by then they won’t think those brave enough who pointed out the corrupt isn’t just a fairy tale.