I thank you for the comeback Farmboy. Very interesting response. Years ago on the Eagle site, when I used to whistle blow constantly on TPTB bozos, someone told me God put me down here to inform everyone, or something like that.

Can’t remember who though. I can probably search here and find it. I probably saved many of your posts. Farmboy goes to the tax assessors office, on a hot humid day, was my favorite. I’m smiling here just thinking about it. I sometimes wish I knew someone like myself to follow so I can stop putting so much thought into playing this game.

It depends on what spectacles you look at the situation with. Really 3 tons is about 90000 ounces. Here’s a country w/ 1.32 billion people. I’m calling it a vote of no confidence in their banks.

Mark Cuban watch out!

Wanka’s pick Golden Arrow, GRG.v is up 19% today. That Wanka is a genius!

oops 10% now but Wanka is still kinda smart.

This is a biggie:

snip

The ‘decline rate’ of production over the first four months of each well was 90pc a decade ago for US frackers. This dropped to 31pc in 2012. It is now 18pc. Drillers have learned how to extract more.

http://www.telegraph.co.uk/business/2016/07/31/texas-shale-oil-has-fought-saudi-arabia-to-a-standstill/

A Golden Rescue on the COMEX?

http://news.goldseek.com/GoldSeek/1469994958.php

I agree totally. If a large percentage of the gold lenders try to get their gold back at the same time, such as a crisis it will be SOL!

It will be pitchfork time!

I would not like to be anyone involved with that Indian gold scam, when the public find out is has been sold to bail out the Scum !!!!!!

Indians plow 2.95 tonnes of gold into banks

The Indian government’s plan to incent households to hand their gold over to banks in return for interest payments appears to be working.

According to The Indian Express, the government collected 919 crore (USD137.8 million) during the fourth tranche of its Sovereign Gold Bond program, rolled out in November 2015.

“The amount realised through the 4th tranche, at around Rs 919 crore, is the highest achieved as yet. The previous highest was Rs 746 crore in the 2nd tranche when the issue price was only Rs 2,600 per gram of gold. This was mobilised through over 1.95 lakh applications representing around 2.95 tonnes of gold,” a finance ministry statement said.

The first three tranches of the Sovereign Gold Bond program raised 1,318 crore (USD197.6 million). The fourth tranche was launched July 18-22, in consultation with the Reserve Bank of India.

Under the plan, people who own physical gold will be allowed to put their metal into banks and earn interest until it is withdrawn. The idea is to mobilize the thousands of tonnes of gold estimated to be sitting idle in Indian households.

cont. http://www.mining.com/indians-plow-2-95-tonnes-gold-banks/

JOHANNESBURG (miningweekly.com) – TSX- and OMX-listed Lundin Gold is preparing to advance its Fruta del Norte (FDN) gold/silver project, in Ecuador, into the next phase, moving the flagship operation a step closer to construction.

During the quarter to June 30, the company completed a positive feasibility study and closed the first tranche of a C$82.5-million equity financing and, post-period, secured the nod of approval from the Ecuador government to take its FDN project into the exploitation phase, said Lundin president and CEO Ron Hochstein.

cont. http://www.miningweekly.com/article/lundin-gold-eyes-next-phase-of-fruta-del-norte-project-2016-08-01

Islamic State called on its group members to carry out jihad in Russia in a nine-minute YouTube video on Sunday.

“Listen Putin, we will come to Russia and will kill you at your homes … Oh Brothers, carry out jihad and kill and fight them,” a masked man driving a car in the desert yelled while wagging his finger in the last couple of minutes of the video.

The video with subtitles showed footage of armed men attacking armored vehicles and tents and collecting arms in the desert. “Breaking into a barrack of the Rejectionist military on the international road south Akashat,” read one subtitle.

http://www.reuters.com/article/us-mideast-crisis-russia-idUSKCN10B0WI

Lol ! Have to run some errands in town this morning, so keep an eye on gold and silver for me. Catch ya later, Best, Farmboy

I can’t imagine Hillary looking great in ANYTHING!! They say beauty is only skin deep but ugly goes all the way through!!

“PHILADELPHIA – The National Security Agency (NSA) has “all” of Hillary Clinton’s deleted emails and the FBI could gain access to them if they so desired, William Binney, a former highly placed NSA official, declared in a radio interview broadcast on Sunday.”

http://www.breitbart.com/jerusalem/2016/07/31/exclusive-nsa-architect-agency-clintons-deleted-emails/

Maya, is this one of your pranks ?? LOL

http://abcnews.go.com/US/mysterious-smiley-face-appears-hawaiian-volcano-eruption/story?id=41039508

would be terrific if Trump appoints her to investigate all things illegal in the Clinton Foundation. Hillary is going to look great in orange pant suits. 🙂

Good one, passing that down the line.

‘Sell everything,’ DoubleLine’s Gundlach says

“The artist Christopher Wool has a word painting, ‘Sell the house, sell the car, sell the kids.’ Thats exactly how I feel sell everything. Nothing here looks good, Gundlach said in a telephone interview. “The stock markets should be down massively but investors seem to have been hypnotized that nothing can go wrong.

“The yield on the 10-year yield may reverse and go lower again but I am not interested. You don’t make any money. The risk-reward is horrific,” Gundlach said. “There is no upside” in Treasury prices.

Gundlach reiterated that gold and gold miners are the best alternative to Treasurys and predicted gold prices will reach $1,400. U.S. gold on Friday settled up at $1,349 per ounce.

Gundlach lambasted Federal Reserve officials yet again for talking up rate hikes for this year while the latest GDP data showed disappointing economic growth. “The Fed is out to lunch. Does the Fed look at what’s going on in the economy? It is unbelievable,” he said.

Overall, Gundlach said the Bank of Japan’s decision on Friday to stick with its minus 0.1 percent benchmark rate — and refrain from deeper cuts — reflects the limitations of monetary policy. “You can’t save your economy by destroying your financial system,” he said.”

http://www.cnbc.com/2016/08/01/sell-everything-doublelines-gundlach-says.html

Comment: I do not think this man is alone in his views that gold and miners is a great place to be. More folks like him and we have the underpinnings of a major gold and silver rally. About time the ‘big boys’ took a ride on the Gold Train ! Think a lot of folks are getting out of Wall St town while the getting is good.

A $50 billion gold-industry deals spree is extending into its third year, even as a surging bullion price makes sealing transactions and valuing mines more difficult.

Gold has regained its luster as investors seek havens from volatile markets and weak interest rates. While the metal is up about a quarter this year, the value of mergers and acquisitions has soared. The average paid in 133 transactions in the three months to June was $64 an ounce of gold equivalent in the ground, up from $36 in the first quarter of 2016, as buyers factor in better long-term price expectations, according to Bloomberg Intelligence.

cont. http://www.bloomberg.com/news/articles/2016-07-31/gold-s-50-billion-m-a-spree-builds-as-price-gains-boost-values

https://superforcesignals.com/video/2016july28pm/2016july28pm.html