
Good comeback today
Hope I was wrong to have sold some stuff because I’d like to go back in. Agree with Maddog that if we can bust 205 HUI maybe we can get to 220?
Gold and silver move is still muted, but at least silver came back from the severe beating this am
USD showing absolutely no life, can’t help but believe there is something else going on that maybe we don’t know about yet. Trade wars?
Maddog @ 15:10
Great to see the late day action with the big fat white candle in the HUI.
Usually we fade as the day goes by … to see the opposite is really heartening.
Well , I am still barely in the green on Pretium
But if I had sold about a week ago , I would have been up about 50% over where I am now .
As it is , it was dead money for a year and a half , or so . A lesson in greed for me .
It’s still dumb as hell
to have to be body slammed on a weekly basis for no reason
Good action
Really thought we would be bombed hard tdy and we were earlier….let’s see how we close but to come back like this, is gonna worry lots of people who were waiting for a bigger dip to buy on.
Hui close above 204.34, says last hesitation/ A-B-C was a running one….V bullish…..
Mr Copper
You were watching changes before me. You probably guessed I’m on the side of border control but not all banned less necessary as it probably was in the depression. I see we are probably the only ones who appreciate diversity say of arts music talent what not but now people eyes are opened to others taking advantage of it that are not. It’s identity warfare.
They call it the unarmed invasion but it is armed with identity and color. Doesn’t always have to be color like Ireland division but identity. It’s just as a lethal weapon in the end. We’re seeing how it’s one sided they call the double standard and what would happen if it would be in the reverse. There blatant in your face manner will go along way and many years of not trusting again and hope at this point until real change if ever. Then they try to spin it as we’re suppressing them and have these dumb Americans thinking the same as Europe with the refugees just be nice to them. Valor was nice to illegals for years, now look what happened. They have infiltrated and have their own sanctuary state. They should all be investigated. They should also charge all these other country’s for cost of jail and any services they get because they are importing and aiding them.
Sweeden is about lost now because of it and look how fast if happened while their lawmakers do nothing.They like Demos will put non citizens ah ad of their own. They would have nothing to lose by charging the gov and taking them out. In Ukraine they were taking them out and throwing them in the trash.
If we didn’t have border agents it would of happened just as fast here. This is no longer about assimilation as it was once.
As far as Japan as far as I know at least they started making their own cars not outsourcing ours. They even have plants here which I can’t say for the others.
They are now importing workers for lower level jobs as most are educated there or women don’t work like nurses aids what not and Japanese like Americans really don’t like it. They will not tolerate sub cultures demanding things like here for votes and will deport trouble which improves a more harmonic culture they would spin as dictation or racism here.
If Trump can pull it off perhaps we can salvage some of our jobs while creating fair trading partners that will benefit all country’s instead of looking for war to side track the issues here.
As time goes things will change and people will need to change or at least adjust wwith it or go extinct. We can’t do that with weakness rather like Obama but the fine line between exchange and not be taken advantage but the unscrupulous.
I fear after Trump it may go back to business as usual and more world poverty any more wars. I think Bushes paintings of veterans is his dealing with his own ghosts he created. Same time doesn’t think Obama has any conscious at all but enjoyed seeing the destruction of this country and the innocent world wise we’re no concern for him.
If everyone brings everything home it will also cause lost jobs. The biggest thing is trade deficit which also in shipping which puts things on our shelves that undermines American companies. We know it’s not just that but crooked politicians who drive them out in the first place.
macroman3
Ain’t that something! I’m glad I missed that one … I’ve had enough “surprises.”
@Goldilocks
Nothing really matters anymore after 2008. Everything is changing. Ran its course. The entire global system “threw up” because the US consumer dollars was successfully harvested for global consumption. They could not afford a down payment, and higher property taxes.
So they gave up, and stopped making payments. Millions of them out there living free for 6 years now. I know a few myself. Welfare real estate. The liquidation of America. By accident, the only good years were ’45-’75.
During the Great Depression, all immigration was BANNED. Remember the ship with Jewish people from Europe being turned away from USA??? Obviously today the USA in the second great depression, but nobody sees it except me and real TPTB. That’s why they don’t want any more immigrants. And new tariffs. Trump has nothing to do with what’s going on. He’s being used, because his rhetoric fits needs.
All past presidents were like a shop steward in a factory. They represent or are the go between, or spokesperson between the employers and employees. Its a little different now with Trump. The (PTB employers) now WANT more instead of less, for the “employees”. Citizens. For their own good. I’m done now. 🙂
Yikes ipso, Pretium sure got taken out behind the woodshed.
That’s gata leave a mark on our area micros. Could be a decade before I see a return…
Mr Copper
Here is the trade off for cars with Japan. Without exports they wouldn’t be able to afford imports so you are still supporting the American workers including Farmers, and industrials.
The thing we need to pay attention to is the trade deficits. That’s something these brain dead politicians and pink hats when it comes to economics don’t get or don’t care but at least Trump does. Because much food is imported due to lack of land it’s VERY expensive. Something people here with all this uncontrolled immigration needs to pay attention to.
Japan is a major economic power in the world.
Until recently the Japanese economy was growing very quickly. Much of this growth was the result of increases in worker productivity. This higher productivity was due mainly to: increased capital (machines, etc.) per worker, advance in technology, a highly educated and skilled labor force, supportive government policies and a good world trade environment. However, Japan’s miracle economy of the 1960s and 1970s may be a thing of the past as the nation copes with problems of lower growth.
Economic growth has raised the standard of living of the Japanese people to that of the United States and higher. Income is more evenly distributed in Japan than in the United States.
Like the United States, Japan’s economy has moved from manufacturing towards services. Its companies have successfully used the countries of Southeast Asia as pools of low cost labor. The change to a more service economy also shows changing tastes of Japanese consumers.
Japan is densely populated–it is the eighth most populated nation in the world.
The amount of land in Japan suitable for agriculture is insufficient to produce enough food for Japan’s large population. As a result, Japan imports most of its food from other countries.
Japan lacks many raw materials needed for industry and energy, such as oil, coal, iron ore, copper, aluminum and wood. Japan must import most of these goods.
In order to pay for these imports, Japan must export a variety of manufactured goods to other countries. Major Japanese exports include electronic equipment and cars.
Trade with other countries (international trade) is therefore very important to Japan.
The goods that Japan has exported have changed over time, from agricultural products to manufactured goods, textiles, steel, and cars. Japan is no longer competitive in agriculture because it has little farmland. Today simple manufacturing is too expensive because of the high wages paid to Japanese workers. Japan is also less competitive in energy intensive industries such as petrochemicals and aluminum since the country has few domestic energy resources.
Japan purchases oil from the Middle East. Since the price of oil rose in 1973, Japan has spent more money on oil than any other imported product. Middle Eastern countries cannot use all of the products Japan needs to sell or trade for the oil it uses, so Japan must sell its products elsewhere.
When a country sells more to one nation than it buys from it, the trade between the two countries (bilateral trade) is not balanced. In a world where many countries trade with each other, it is natural for countries to run bilateral trade deficits with some countries and bilateral trade surpluses with others. This is because trade encourages nations to specialize in the production of the things they produce well and to import those things they can not produce as well as some other country.
The more specialized a nation becomes the more likely it is to run a trade deficit with the nations that supply the inputs (oil and raw materials in Japan’s case), and to run trade surpluses with countries that buy the final products. This pattern holds particularly well for Japan. Japan buys coal and other raw materials from Australia and uses these resources to make high technology items. It can not sell enough of its finished products to Australians to pay for the raw materials it buys from them. So, it runs a trade deficit with Australia, which it pays for by running trade surpluses with other nations, for example, France.
Japan and the United States are very important trading partners. However, there is an imbalance in their trade. This is part of the pattern mentioned above. Japan is using its trade surpluses with the United States to pay for its trade deficits with the OPEC (Organization of Petroleum Exporting Nations) nations.
Mr Copper
I don’t think it was all or totally about turning back the mileage. It was parts too even if you took care of them and mechanic that may have done stuff to them to keep you going back. One of my brothers was a mechanic for awhile till he moved on opened my eyes to that. I remember I was to replace a timing belt once and didn’t want my other to do it because he didn’t want me to work and didn’t trust him either so he took it to a shop and didn’t tell me where. When I got it back I toook off for work on the Fwy and the belt which guessing was too tight snapped and the car just died with a truck behind me. Luckily I had just enough time to cruise to the side. I went straight to the dealers told them what they did and they denied even working on my car in a arrogant way. I’m one for keeping receipts and that’s why. I wanted to jump across that desk lol I told my other those mechanics tried to kill me and what they said. I don’t know what he did but they closed down right after.
Then the foreign cars were getting popular the mechanics or many didn’t know how to work on them came next. Even people who which was pretty common only buying American started saying the Toyota truck was a better truck as far as reliability. At the time I though you got to be kidding.
The thing is now that they can’t put the mileage back you won’t see too many 20 year old American cars on the road but will the Toyotas. It’s not just problems it’s your life. I had to learn to fix carbs and change my own timing and change tires which I think all women should learn how to change a tire case it happens in a isolated place but change them first to lessen that problem.I learned to Hotwire them too case you lose your keys as one of my toddlers lost mine once. Now they’re different. So even when you take care of them things can happen.
The new thing now is they are so computerized and keep adding things that almost anything can turn on the check engine light. You have to get one of those machines you can check what it is or can get ripped off at a mechanic and could be something simple.
Now the new thing is not mileage it’s resetting the check engine light. No matter if the car is 1000 dollars or 30k there should be a bumper to bumper and no deductible. When my youngest bought a used car for something for now thing they didn’t want to give her a ware tee so I negotiated and made them give one for 3 months. Sure enough after 50 miles the check engine light came on and they had to fix some things that would of cost her.
My Grandpa drove Caddys they were very smooth rides but his last was before 1971.
Guess the point is the car be saftey or getting your money’s worth. I used to drive fast but in LA everyone did and my 57 Chevy had trouble turning corners at 50 miles hr. These newer cars handle better although don’t drive that fast usually anymore.I remember LA cops who had a better sense of humors pulling me over saying I can’t believe you took that corner at 50 miles a hour and what I really can’t believe is you passed us to do it. I almost said well I couldn’t go faster because the steering wheel would start to shake but I needed to get out of a ticket, Got tired of tickets.
True story
My neighbor is a great guy and a good , reliable friend . Decades ago he had four little kids to feed and had been hungry himself as a kid , so he worked three jobs to see that they lacked for nothing . One of the jobs he found was on night shift at a GM parts warehouse , pulling parts for shipment to GM dealers . He needed the work and soon was putting out about three times the orders that the other union guys were . He teamed up with a couple of other workers who also had a work ethic . Pretty soon the dealers calling in orders were asking that they be given to Frank’s team , because they would have the parts the next day , keeping repair customers happy , instead of waiting three or four days for parts .
The union bosses did not like Frank and his team’s work ethic .
One night , in winter , coming off shift , his windshield was snow covered . He opened the door , reached in , inserted the key , and started the engine while he was outside starting to scrape the windshield , when the bomb went off under the driver’s seat . He had an angel on his shoulder that night . He was re-assigned , and the dealers ( and their customers ) were unhappy again .
Re Modern Cars With 7-8-9 Speed Transmissions?
Go out and price the cost of rebuilding the tranny when it blows. So expensive you have to junk the car. I know used car dealers that won’t buy those cars, or offer very little at auctions etc because they have to stand behind the car if the tranny goes, $6-$7,000 repair. Often only make $1,000 on a used car. Can’t risk a $6000 comeback.
If you REALLY want to see how good your new import is, check the owners manual and check “towing capacity”. My little ’98 mini-blazer, body on frame quality, with a 4.3 liter V6 tows 5,000 lbs. Your import? Figure 1,200 lbs. Weaklings. Geared low, to make them feel peppy.
If your life depended on it you can’t get a car with a 4.3 liter engine. More manipulation. Not allowed.
Ororeef @ 11:15
I agree after 1970, American cars (and the whole damn country, went down hill. The illegal immigrant cars, were better and cheaper. (cheap labor and cheap prices not fair, drives out the good domestic jobs) I shouldn’t have to explain any of this. They Globalized us, and US failure starting in 1971 culminated in 2008 crash.
Domestic makers had to cut back on quality to compete. They SHOULD have just shut down totally in 1971 and say “We can’t compete, we give up”. I’m pretty sure the domestic/global car makers were quietly encouraged to give Americans CRAP to encourage Americans to buy foreign. Welfare for other countries.
The global influences thought the USA living standards were TOO high, and had to be scared with less fortunate countries. Satellite TV (and Archie Bunker) exposed our higher standards. Remember the cash for clunker scheme?? Numerous American cars worth $800 were turned in at $4000, and they all bought new imported cars.
I drove behind the local Toyota dealer, and saw all the used turned Explorers, Blazers etc. Welfare for Japan. I have an ’89 Chevy van with 208,000 miles, its fine. I have a ’98 GMC Jimmy with 165,000 miles. I’ve spoken to people with 300,000 miles on the 4.3 liter V6 and 5.7 liter V8.
If you bought the Cadillac, and or the Olds, pre owned, used, back then, odds are the clock was turned back, and your cars really had 250k each on them. And only God knows how they were treated.
I’ve seen many friends and relatives that ALWAYS bought used American cars, got fed up, switched and bought a NEW NEW foreign made car. They did EXACTLY what TPTB wanted. Give money to a socialist foreign nation.
Ororeef
What a nightmare. Hope you had bumper to bumper warrantees on them. I think we all had our issues with cars as well as mechanics. One mechanic somehow put a hole in my carb and was leaking gas on the pipes below. I heard a sizzling on the Fwy pulled over and a cop pulled over and saw it too when I opened the hood. Kept on about how dangerous that was. They won’t admit they mess up either or didn’t then. Another problem occurring now even with foreign cars are the electric cars and batteries. They sell them used and people suddenly find the battery no good and don’t have the 6-8 thousand to replace it and may be still paying on it. Meanwhile crazy Brown of Calif wants to try to mandate all cars be electric by some future date. Wonder what kick backs he’s getting from that. These sanctuary states should be investigated and follow the money.
aufever @ 11:40
You bet. I’m don’t know much about PVG but that grade shortfall could be a big problem. The whole deposit could be worth less than previously thought. On the other hand maybe their next quarter it turns out as expected. Isn’t mining fun!
Cheers
ipso, PVG
Thanks for that info! I sold my little bit of PVG quite a while ago based on something I read warning about a problem or problems, and have been kicking myself ever since as it just went up and up, more than most PM stocks.
Now I see it wasn’t a mistake to get out of it.
I thought it was last year, but I looked and I sold 2 years ago.
Mr.Copper @ 16:51 on January 22, 2018
The worst car I ever owned was a Cadallic 1977 ..an absolute disaster ..everything went bad…the transmission ,the radiator leaked fluid into it and everything went out.All the electric windows went bad.The trunk lock had to be drilled to open it .It was just one thing after another,kept it one year and dumped it..Bought an OLDS 98 and in 6 months the MOTOR MOUNT fell off while on vacation in N.C. motor was cocked to one side and ruined the Radiator wipers ruined the Radio antenna located inside the glass….Dumped that dog withen 6 months ..Two brand new expensive cars ,the worst piece of shits both of them GM..never bought another GM since and wont…nothing but TOYOTAS for me ..Had 6 of them between me & the wife over 30 years never took 1 of them back to the shop for anything.. My only regret was not keeping them longer .I gave one to my son when he Graduated College ..It had 200,000 miles on it..He drove it to California to get his first job ..He drove it for 5 more years and only sold it because it failed “polution “emissions new standards ….at that time….Back in the seventies those UNION hoodlums that were building GM & FORDS in NJ would deliberately sabotage them if the companies wouldent give them what they demanded …I said goodbye and never looked back .Maybe they changed ,too late for me ! I think they all learned a lesson ,but I got a long memory and am not very forgiving when I bought expensive cars and got crap in return ..It was hard earned money…..
Ho Hum…..
One Killed, Multiple Wounded At Kentucky High School Shooting; Suspect Apprehended
I HAVEN’T SEEN THIS ON THE TEE VEE BOX ALL MORNING-random shootings in america are commonplace–not much news value anymore…
***************************
as SHAKE-A SPEAR SAID=
****************************
A curse shall light upon the limbs of men;
Domestic fury and fierce civil strife
Shall cumber all the parts of Italy;
Blood and destruction shall be so in use
And dreadful objects so familiar
That mothers shall but smile when they behold
Their infants quarter’d with the hands of war;
All pity choked with custom of fell deeds:
And Caesar’s spirit, ranging for revenge,
With Ate by his side come hot from hell,
Shall in these confines with a monarch’s voice
Cry ‘Havoc,’ and let slip the dogs of war;
That this foul deed shall smell above the earth
With carrion men, groaning for burial. (3.1.254-275)
Cqrlf Conquest
a stock Iv owned for years looks like its coming to life …..Small Cap, cheap price ,good location,just sitting there… next door to GOLDCORP ..all they have to do is drill deeper and do what Mac the miner did when he developed GG. its been asleep …This is not a recommendation ..its only a speculation..I think management may have decided to wake it up….drill baby drill….deeper deeper…..
There are some big bounces off the early bombing of G&S stocks & ETFS
PAAS=25 cent off the bottom–WPM=35 CENT–NEM=53 cent–JNUG=60 off etc
macroman3 @ 21:25 on January 22, 2018
Centerra paid me a 38% premium for my stock ..in CASH .. Im outta there ..I never had any interest in owning Centerra.

