They’re going to do what’s good for them. Thank goodness and hopefully we have a current president that’s going to do what’s good for us and not take orders or bribes from others like our past administration. Meanwhile people getting sick and tired of the conspiracy distractions from the left and right using it to stall. The real things like health care and tax reform with some of the arrogant right being just as bad. Guess they want to keep their easy money coming in as long as they can. That’s what it looks like anyways. Speaking of conspiracys and Alexia the talking robot. I saw something can’t remember the exact words but everytime someone asked if Alexia was working for the CIA or something it would shut down. Maybe it’s programed for them not to record. On the other hand it came in handy when some guy beating up his wife called the cops on himself mentioning the COPs so Alexia called 911.

If you see your land turning into quicksand get out.
Two houses swallowed up others evacuated.

http://abcnews.go.com/US/active-sinkhole-swallows-florida-houses/story?id=48636340

USD at lows of the day, G & S  and most shares, off the highs (par for the course), although RGLD looks strong….

Problem is always the same – endless sellers of everything pm and endless buyers of the ridiculous SM

Rates up, rates down, USD up, USD down = SM up

Name it = pm’s down

As always, there are no markets…

Right, so what country on the border of europe and Greece is helping migrants get through. They must be making a bunch on human trafficking

So glad to hear that you are prepped for whatever ill wind may blow your way.   And thanks for all the lovely tea cups, makes me feel better after I broke my gold-rimmed saucer, don’t ever use that teacup anymore…so it is super good to see your morning tea greetings.  Take care of yourself, we love you.

http://www.zerohedge.com/news/2017-07-14/speculators-sour-gold-and-silver-which-means-bottom-near

Playing this indicator – known as the Commitment of Traders Report, or COT – is of course just a way to pass the time while the real underlying forces affecting precious metals work themselves out.

Those forces – rapidly accumulating debts which leave central banks no choice but to inflate away their currencies – are still accelerating in most places, and the inevitability of mass-devaluation will become clear when the central banks now talking about “interest rate normalization” and “balance sheet reduction” are forced to admit that those things are impossible, and all that’s left is debt monetization as far as the eye can see.

On that day it won’t matter what futures traders – or junior miner ETFs – are doing. The physical precious metals bid will go infinite — that is, big players holding useless cash will buy up all the gold and silver that’s available, at pretty much any price that’s demanded.

Turkey ready to splash out $2.5bn for Russia’s S-400 air defense system – report

https://www.rt.com/news/396292-turkey-russia-air-defense-deal/

Yeah, something I guess. It only took the scum 54 minutes to gain control over the gold price after capping $1230

Whoever is doing the selling did another spectacular job of selling the open.

Wash, rinse, repeat.

I think higher gold prices makes Goldbugz paranoid … for obvious reasons …

Acacia Mining (LON:ACA), Tanzania’s No.1 gold producer majority owned by Barrick, has agreed to pay higher mining taxes in the country even though it’s still disputing in an international court some of the changes to the laws governing its three gold mines.

The company, which spun off from Barrick Gold in 2010, will now pay a 6% royalty, up from 4%, on metallic minerals including gold, copper and silver. The miner also said it would continue to pay the recently imposed 1% clearing fee on exports.

Acacia’s decision to comply with higher royalties fits experts forecast that companies already active in the Tanzanian mining sector will stay put, despite the much-less favourable regulatory environment.

cont. http://www.mining.com/acacia-agrees-pay-higher-taxes-set-tanzania-new-mining-law/

The obvious caps for the day. Beats the alternative instead of heading back down

At least they haven’t come into crush the shares yet.

We’ll see.

I shall now describe to you all where the technical analysts go awry; it lies in the realm of “data”. Where they all fall upon sharpened Swords of Damocles is in their total and uncompromised abilities to worship at the altar of raw data in the form of “charts” or as an old mentor used to say, “tea-leaf reading”. Their arguments are that interventions fall into the category of “events” and that the term “manipulation” is irrelevant because of the duality of both bearish and bullish manipulations. I argue that the bullion bank traders working in the space as “Commercials” have unfair advantage in that they are permitted (and some would say “encouraged”) to orchestrate price movements that create the illusion of technical “events” such as breakdowns or breakouts. These events are designed to trigger buying by technical funds, by algorithm-driven funds, by Large Speculators, and by private investors. This happened back in early June when Commercials nudged gold through a technical “resistance” level around $1,260 and then fed thousands of ounces of synthetic “gold” into the market to do two things: 1. Satisfy all demand generated within the traditional technical funds, Large Specs, and private investors, and 2. Cap the rally. By definition, point 2 falls into the category of “manipulation”.

Here is the COT report from May 16th with aggregate Commercial shorts at 142,859 and the gold price at around $1,230. There is no evidence of an impending rally based on the activities of either the Commercials or the Large Speculators. In other words, there is no “event” that would imply a bullish intervention.

CPI – miss

CPI – Ex food and energy – miss

Retail Sales down – 0.2% – miss

PM’s seem to be benefitting a little, but as usual no race to the upside.

Looks like Yellen has reason to be concerned – funny how data points match her speech and not the other way around.

Thanks for that!  Not only the Eclipse next month, but it is Hurricane season in the East Pacific.  “Fernanda” is cooking up right now for a close pass next week, so it is prep time right NOW.

I took a 100 mile trip over the mountain to Costco to load up on everything.  The Saddle Road goes up 6,500 feet into the saddle between Mauna Loa and Mauna Kea to connect the east and west sides of the island.   It was a poor, winding, bumpy 35mph (risking your life!) road I remember from the 1980s.  The county had done an amazing job of widening and leveling it into a 60mph highway for over 90% of the way.  Still a few construction spots & slowdowns, but it is a wonderful, point-to-point highway now.  Local people still avoid it and prefer the belt highway at lower elevations around the rim of the island.

Biggest problem is managing one’s engine, transmission, and brakes.  There are some insane long slopes to climb and come down on each side.  Doing it at 60mph and trying not to become a runaway vehicle on an 8% downgrade (Truck Warning signs) is a bit of a thrill.

But I got my hurricane preps.   Let ‘er blow!

This is Mauna Kea State Park in the saddle at 6580 ft elevation.  The slopes of the mountain tower next to us, up to a summit at 13,796 ft. elevation.  This is representative of the quality highway over the hill now.

It’s Friday, and I know Farmboy….

In the event of economic collapse…  The German “two horsepower” locomotive
http://www.railpictures.net/photo/622906/

http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1cmg6r9-IMG_7340.JPG

I try to always keep the ducks in a row, but there is ever more to do.  Thanks for the response.

Thank you.  I haven’t worked up a chart on the August Solar Eclipse, but I’ll run a few areas of stress by you.

1.  Already mentioned is a retrograde Pluto (destruction) in Capricorn in the 2nd house of the country’s wealth opposing Venus (currency) in the 8th house of the treasury, national debt and the banking industry.  An opposition means separation…in this case I think Pluto will wreak bankruptcy on the country.
2. Jupiter in Libra in the 10th house (government) opposition retrograde Uranus in the 5th house of stock market.  Expect a huge and sudden upheaval in the marketplace.
3. Retrograde Neptune in the 3rd house of trucking and transportation of all kinds opposition retrograde Mercury in Virgo in the 9th house.  It appears that Neptune will cause communication breakdowns that will disrupt the ability of the truckers to move (Mercury) food (Virgo) to where it needs to go.

Events should begin to manifest due to the eclipse from mid-August onward.  It does not bode well for Americans so you need to have all your ducks in a row to get through the coming chaos.

There are four interesting developments taking place in the gold and silver market that precious metals investors should be aware of.  While Americans continue to place all the BETS in the CASINO called Wall Street, via stocks, bonds and real estate, the EAST has been acquiring record amounts of gold and silver.  Furthermore, something interesting seems to have changed recently in the Silver Eagle sales market.

FIRST DEVELOPMENT: Let’s start off with showing the stunning amount of silver India imported in May.  According to Smaulgld.com, India imported nearly 2,000% more silver in May 2017 vs May 2016

Matter-a-fact, India imported nearly the same amount of silver in May, than they received from January-April.  Also, we can see that May’s 1,473 metric tons of silver imports is 2-4 times more than any of the prior months.  Something has inspired the Indians to import that much silver this past May.

SECOND DEVELOPMENT: India also imported a record amount of gold in May:

ccording to Smaulgld’s article, INDIAN GOLD IMPORTS ON RECORD PACE IN 2017:

Indian gold imports of 220 tons in May were up from 36 tons in May 2016.

May Indian Gold Imports were the largest one month total in twenty years.

The impact of 220 tons imported into India on the price of gold was de minimus

So, for some reason, India’s gold and silver imports surged in May.  It will be interesting to see what their figures are for June and July.  Please check out the Smaulgld.com site run by Louis Cammarosano.  He does an excellent job covering updates on the Gold and Silver Market.

THIRD DEVELOPMENT:  Silver Eagle sales have surged in the first two weeks of July.  According to the most recently released U.S. Mint data, Silver Eagle sales as of July 12th, are 1,290,000 versus 960,000 for the entire month of June

At this pace, the U.S. Mint might sell over 2.5 million Silver Eagles in July.  This recent increase in precious metals buying in Asian and in the U.S. may be an indicator showing that something may be seriously wrong in the markets.  Furthermore, several analysts are forecasting that the stock market is RIPE for a huge correction starting this fall.

Rick’s Pick for Friday  [clik to enlarge]

That gets my attention.   I don’t remember if you have done a chart about that; if you have, do you remember what day (where to find it here).  If not, would you have an interest in working something up?  I’m sure I would not be the only one paying attention.  I do read and enjoy your astrological posts.

The proof is all over the whole country. Pensions, states and healthcare are underfunded. USA has a $19 trillion national debt. In other words, the USA spent $19 trillion MORE on imports than we sold of exports. The American people have been asleep at the wheel of a Toyota since 1969.

Ya know? I feel like I’m all alone here in this Tent. I’m the ONLY one out of all the posters to complain about IMPORTS. I think everybody knows my rhetoric and views by now. I must have said the same things 1000 different ways.

I’m tired. Pooped. So going forward, I’m inclined to stop by the tent to look for interesting links or interesting things to read, and inclined to only post if or when one of you guys address me for my view or opinion on something.

Medical bombshell: Chemotherapy found to spread cancer

http://www.naturalnews.com/2017-07-13-medical-bombshell-chemotherapy-found-to-spread-cancer.html

It is my hope that the August Solar Eclipse will be the catalyst that collapses the system…and with a Pluto opposition Venus occurring across the 2nd/8th house axis, the chances are excellent.  Time grows short and our long wait will finally come to an end.