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When the only tool you have left is a hammer, everything is a nail….what a bunch of fools we have in charge….

Gold Slammed After Someone Pukes $4 Billion Notional In Gold Futures

As we approach the European close, the dolar index just spiked and precious metals (and crude) were pummeled. Gold futures tumbled on massive volume as over $4 billion notional was purged instantaneously…

Another 400 SLV at 16 strike for .49!

See ya on the flip side !

The end is nigh, brother, the end is nigh!

World markets are like a pie crust stretched across the roof of a volcano!

Fu Manchu is about to pull the lever to the trap door!

Warbucks signals the trusty Punjab to cut the cords of the rope bridge!

Grease the skids! Happy tobogganing!

Looks rigged again

I think you have me wrong. I agree with you 100%. About whats right and not right, about agreements etc. many many things got done that NEVER would have got done, if it weren’t for the past.

Even the paper money credit expansion of the Fed, brought us cell phones GPS etc that would have all come much later. All I’m implying is nothing stays the same forever. Things are changing because of the past.

I HATE communism. That’s what we HAD the past 75 years. I don’t think socialism or communism works in the long run either, and I see global socialism FAILING after 2008. It started in 1913, global socialism.

The trouble with global socialism is that eventually you run out of AMERICAS money to spend. That’s why Trump is being wheeled around looking for aid, or reverse aid. Or pay back time.

since they’ve kept gold and silver in check all morning despite a weak USD, they come in to kill the shares.

The nightmare continues

Bloomberg) — Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.

“We and China Gold will create an attractive financial platform that private investors can take part in and make money,” Alexey Chekunkov, head of the fund, said in an interview in Danang, Vietnam, where he attended an Asia-Pacific Economic Cooperation business forum. “Our first goal will be to invest in gold, precious metals and copper projects.”

Russian fund plans a $1bn mining venture with China Gold

In almost all cases the mine in question would never have been built without foreign capital and knowhow. If you think it’s OK for a government to expropriate a mine after the company has invested hundreds of millions and years of work into it then that’s where you and I part ways. I don’t think socialism or communism works in the long run.

As Maggie Thatcher said: The trouble with socialism is that eventually you run out of other people’s money.

That’s about all I have to say on the subject.

Of course, I feel the same way. But after reading the “Confessions of an economic hit man” story, and what happened to the Indians, many “agreements” are not in the best interests of the constituents. As the constituents get smarter, they sort of have a right to reverse the agreement.

In fact, right now, Trump is trying to reverse some old bad “agreements” that have robbed and embezzled USA living standards.

Big anchor around its neck at $122

The boys won’t let it off the mat regardless of what the USD is doing.

One thing though, haven’t seen a VIX slam to save the SM yet.

If governments aren’t going to abide by their agreements, then they shouldn’t make them.

http://stockcharts.com/h-sc/ui?s=KLDX&p=D&b=5&g=0&id=p53666125857

Good morning, copy that, agreed. I used an exaggerated word, nationalization, just to make a point. Regarding “attracting more capital into their countries” and “sink hundreds of millions of dollars and years of work into a country”.

I assume those huge investments would glean a huge profit, which COULD be considered a net loss for the “occupied” country. 🙂 And that might be why so many populous movements going on. The global middle man. Hates borders. Can’t stay in his own back yard. Greed??

Like I said, apartheid.  Mini apartheids all over the planet. How would Americans feel if Russia invested in and owned a Uranium mine? And if China cornered all the Rare Earth properties?

A cloud of radioactive pollution over Europe in recent weeks indicates that an accident has happened in a nuclear facility in Russia or Kazakhstan in the last week of September, French nuclear safety institute IRSN said on Thursday.

http://www.telegraph.co.uk/news/2017/11/10/harmless-radioactive-cloud-europe-may-have-come-nuclear-accident/

The story I posted wasn’t about nationalization but more about just obstructing the construction of the mine. I agree though that in the future more cash starved govs will be raising taxes on the miners and in some cases taking over their operations. A good example is Indonesia and Freeport McMoran’s Grasberg Mine, and also what’s going on in South Africa. I think govs who do this are going to have big problems attracting more capital into their countries. What company is going to sink hundreds of millions of dollars and years of work into a country which is likely to just grab their operation? Not many I think.

The Northbound Coast Starlight is flying high
http://railpictures.net/photo/633724/