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GOA .. Iainmac .. -- Delta-au (), 00:56:00 11/12/09 Thu
from your link ..
By May, this new combined outfit will be producing - if all goes well - at the rate of 20,000oz a year in Brazil at a cash cost of $340/oz. Which leaves a very comfortable margin. And will, as intended, generate cash flow for other projects, although the two biggies will probably attract deep-pocketed farm-in partners. One of those projects is the potentially enormous Crater Mountain gold project in Papua New Guinea that Anomaly brought to the table. The other is the also potentially huge Croydon zinc-tin-copper-silver discovery in far north Queensland.
That’s a lot of bangs for your buck - or, in this case, for your 5c.
======================================
I know little about it ..
first thing is .. how much can one buy ..
* avg volume 1-2 mm x Price 0.3 - 0.05 = avg daily only $30K - $100K
* with that low cash T/O, I'd be only putting a small steak on it .. say $5K - 20K max depending on latest price range ..
* prod.n 20,000 oz's x ~$700 / oz = prophet $14mm .. not bad fer a 4-5 cent'er !
* market cap only $23 mm with 239 mm shares outstanding ..
* still 4 months to production ..
* Worth putting on the watch list ..
------------------------------------
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There's a ground swell happening in the World -- crazytimes, 01:09:06 11/12/09 Thu
it's in Europe, Russia, much of Latin America and the US too. It's not going to be stopped despite the media control. It's a rising tide against the Centuries Old Rothschild Criminal Network. The Cognitive Dissonance between what's presented on the Boob Tube and reality will become so great that it will just crack open into the Streets one day.
I'm no prophet but I can see where the World is headed. The signs are there. Here's an article about the rising opposition to the Lisbon Treaty.
The Fight Of Our Lives: Destroying The Lisbon Treaty
By Mike James in Germany – 10 November 2009
David Cameron, the leader of the British Conservative party, has, quite predictably, reneged on his promise to the British people to allow for a referendum on the illegal and treasonous Lisbon Treaty. This convoluted piece of repressive legislation is designed to place all living and future generations of Europeans in chains for ever and a day.
Cameron, like Gordon Brown, is a traitor to the people of England, the vast majority of whom want nothing less than total withdrawal from the Zionist Soviet European Union. I used to work close to Westminster and am more than familiar with three lampposts in that district tailor-made for the ropes that will hang the war criminal Blair, the liar Brown and the opportunistic coward Cameron.
The time for talking is over. There was never any real debate. Democracy, if we can even conceive of it as having played a meaningful role in our lives, has betrayed the British and American people. It serves only the interests of the Zionist-Jewish Lobby and their evil International Banking System.
We, who try to speak Truth to Power, are often regaled for ‘incitement’. My own people cower behind the adage that information alone will set them free. I have been told on numerous occasions: “Mike, the people are waking up. They know the truth. They will rise, and soon we shall be free.”
But how much longer must we wait? Talk, talk, talk.
We know all there is to know. We know that 9-11 was, as the Israelis have inadvertently admitted and the Danish scientist Niels Harrit has proven, a profoundly sophisticated demolition job fuelled by thermite explosives. We know that the Protocols of Zion, whether forgeries or not, have been enacted almost in their entirety. We talk, we complain, we moan, we waste our lives in endless debates in online forums, forever dreaming of nationalist revolutions that will free us from usury and the wickedness of Zionism and its handmaiden, the Marxist Soviet European Union.
Like my friend, the patriotic Australian, Fredrick Toben, I have fought on the frontline. To this very day I still bear the scars of a bullet aimed at my left shin. MI6 staged an attempt on my life in Frankfurt on 22 May 1997. A GSU trooper once forced a gun in my mouth, but, thanks to the power of the True Creator, he ran away in fright, for I calmly stared deep down into his soul and forgave him in advance. I willed him to pull the trigger, but his eyes filled with tears.
I despise violence. I am incensed by the Ritual Satanic Sacrifice of my people at the behest of Zionist Jews and those who reap vast profits from the business racket of war. I have always been a pacifist. During the course of my career as a former journalist, I have seen, with my own eyes, children lying dead in the streets, covered with flies. The stench of death is unimaginably awful. Worse still is the pain suffered by the mothers and wives of the fallen.
I am childless, but I am a brother to untold millions of beautiful children. They are my people: European Americans, Celts, the wonderful and brave fighting Irish, the defiant Scots, the irascible Anglo-Saxons, the long-suffering Teutonic people of Germany.
What right do I possess not to fight for them? What right can I claim, in mitigation of the meek servitude imposed upon us by our manipulative controllers, to say: “I wish for nothing more than a quiet life, and to hell with those yet to be born into a world of hug-me, squeeze-me, politically correct fascism.”?
Cameron, Blair, Brown, Obama, Netanyahu. Gentlemen who preside over the greatest holocaust ever to have taken place on this degenerate, Satanically ruled planet: the mass murder of unborn white children. Their evil is demonic in shape, depth and intensity. They hate us. They, as specified in the writings etched onto the Georgia Guide Stones, wish to destroy us.
But they have made one heck of an awful mistake. For God fights for us. I speak of the True Creator, the Father of Jesus Christ who told us: “Resist the Devil, and he will flee.”
The Treaty of Lisbon, signed, sealed and delivered by the Evil One himself, represents in its deliberate and evasive complexity, a death sentence handed down to the people of Europe.
I have abandoned my pacifism. It is incumbent upon me to fight. I wish to see none of my children lie prostrate in the streets covered by flies. I shall fight to end the Zionist-inspired holocaust directed against my people. I shall tolerate no ‘constitution’ that sanctions the Soviet state-murder of my fellow countrymen should they choose to rebel against the Satanic European Union.
They disarm us by filling our minds with shame. It’s just fine to be proud of your race if it is listed by the diabolic United Nations (an illegal and unaccountable Bolshevik construct) as a ‘minority’. When we, the true minority, representing less than seventeen percent of the world’s population, raise our voices in protest, we are silenced with their unending accusations of ‘white supremacy’, racism, anti-Semitism, intolerance and bigotry.
They have us by the balls and they squeeze hard. We comply, because we have become a race of surrender monkeys.
I’m sick of it. I have had a belly-full of want-to-be national revolutionaries talking grand and courageously over a beer or ten. I’ve heard it all before.
But now the fight-back begins. You can bet your bottom dollar that I’ll be amongst the first they kill. I’ll be dead within a year because I’m as fucking angry as hell and I’m not taking it anymore.
But I want you to live. I want your children to grow up in a world that allows them to be anything they want. A world of freedom. A world without fear. A world bereft of the evil machinations of mass-murdering Zionism. Within the context of a Leaderless Resistance, the choices you make are yours, and yours alone.
Don’t listen to me. I am only a man. Listen to that still, small voice within; and then act accordingly.
We, the ancestral people of England, will lead the way. We shall utterly reject the Lisbon Treaty: the blueprint for the Communist North American Union. We shall rise. We are becoming ever more militant by the day, and the elites are growing increasingly nervous.
Time is not on their side, yet we must race against the clock.
No more the thin blue line between us and those who have betrayed our country in Westminster, for not one patriotic British policeman would ever dare to murder a fellow Englishman. But the Lisbon Treaty provides for a thick red line. Romanian, Hungarian or NATO troops, flown in at short notice, would have no qualms in opening fire on the British people in revolt. (It's in the small-print of the Lisbon Treaty.)
Cameron, Brown, Blair and all those whose snouts are firmly entrenched in the New World Order’s exquisitely sumptuous trough of rewarding delicacies have had their necks measured for the lampposts that await them.
I have the rope. Just help me tie the knot.
And you, my people, will be free.
----------
Michael James, an English patriot, is a blacklisted former freelance journalist resident in Germany since 1992 with additional long-haul stays in East Africa, Poland and Switzerland.
Ruppert is still in the game -- crazytimes, 00:56:42 11/12/09 Thu
Michael Ruppert had the first 9/11 "inside job" book published, "Crossing The Rubicon". He still thinks the primary reason for 9/11 was/is Peak Oil. Now he's got a movie, "Collapse".
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@ JD -- crazytimes, 00:52:11 11/12/09 Thu
A little insight into Benjamin Britten
Benjamin Britten's diaries reveal boys, bitching and brilliance
Britten never wastes an opportunity to express his disgust for Brahms. The latter's First Symphony is "ugly and pretentious"; his Second, "dull, ugly, gauch" [sic]; his Trio in A Minor, "foul – I can scarcely bear to play it."
@obamas goonaa pay my biills!!! -- skys39 (), 00:32:23 11/12/09 Thu
ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
dumb ass
ok then
.
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sure im drunk they STUOIDDDDDD -- skys39, -- Earl, 00:41:39 11/12/09 Thu
There's a difference???
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Gold's Blood Relatives -- Romanov, 00:12:48 11/12/09 Thu
Those who sell gold stock in major size here and buy the dollar in size, are going to find they have a mouth full, not of shells, but of poison. It will be a mouthful far worse than the poisoning they got shorting the Dow into 6500. Gold's blood relatives versus USD paper bills in the oven. Not such a tough choice. Is it?
Lugol's iodine solution in a nebulize ...... Winston -- Earl, 00:12:26 11/12/09 Thu
One thing is for certain, iodine is an absorber of ionizing radiation ..... x-ray ....... if you aspirate it and subsequently have a chest x-ray, it will likely complicate the reading. The iodine will show up as light specs. ..... or if finely divide by the nebulizer, as a cloud.
b_w, 23:35:53 11/11/09 Wed @ technologically sophisticated network of nano-pipes -- LilDevil (), 23:49:06 11/11/09 Wed
".........network of nano-pipes............."
nano-pipes?
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GOLDEYE -- AU-RWG, 23:44:11 11/11/09 Wed
Good to see you back----Hope that many others return.
We are in a perfect storm for those of us that have been here for the last 9 years or so. Looks like the game has turned from us (Bugs) being the underdogs to us being the FAV's.
How this World Works -- b_w, 23:35:53 11/11/09 Wed
12 Nov 2009
How this World Works
Photo Politik-Global
"Health protection agency claims Crimes Against Humanity being committed ~ link ~ If you really believe that A/H1N1 and this Ukrainian Plague “just happened” naturally you are brain dead or totally lacking information on the subject. If you think that the silence of the news media is an accident, over the last almost two weeks, you are beyond brain dead.” Lab Virus
"Morgellons is: A communicable (nanotechnology triggered?) invasion of human tissues in the form of self-assembling, self-replicating visible tubes, colored fibers, wires, arrays with what seem to be sensors or ‘antennae’, and other visible configurations, some carrying what may be genetically-altered and spliced DNA/RNA. These (nano-triggered) ‘machines’ thrive in alkaline ph conditions and use the body’s bio-electric energy, its minerals and other unidentified elements for power." Politik-Global, Note yet another reason to keep your pH close to nutural
Most strange about the reports filed by Indian and Nigerian intelligence agencies about these aircraft, other than the armaments they were carrying, were their waste disposal systems that these reports say could hold in excess of 45,000 kg (100,000 pounds) and from which a “technologically sophisticated” network of nano-pipes led to the trailing edges of the wings and horizontal stabilizers for “dispersing” the contents of the waste tanks in an “aerial-type mist”.
“Furious” demands made by the United States to both India and Nigeria for the release of their planes led to Indian Defense officials allowing the AN-124 they had captured to be released. Nigeria, however, had to be “forcefully persuaded” to release its captured US plane when after its initial refusal to do so than had one of their major oil pipelines blown up by one of the many American backed terrorist groups operating in their country.
USA Caught Red Handed Chem Spraying
US Air force Operated UKRAINIAN chem-trail planes forced to land in India and Nigeria
Queen of Darkness to head the Thought Police... -- Iainmac, 23:05:04 11/11/09 Wed
Lord Mandelson to become Minister of Information
In a move that will see yet more power passed to the First Secretary, Lord Mandelson is expected to be increasingly used by Downing Street as the minister put up to “sell” the Government's message to the public.
Lord Mandelson could also make history as the first minister to make weekly televised briefings. They would be broadcast direct through the Downing Street website.
The new role will be seen as an admission that Gordon Brown has failed in his battle to communicate successfully with the public. However, the opening up of Westminster reporting to a wider audience is also a reflection of the changing way the journalism works in the new multi-media age, Downing Street said.
It will also increase Lord Mandelson's influence still further, as both the voice and one of the key architects of government policy.
Connecting the dots -- moonshot, 22:21:02 11/11/09 Wed
Militias, OKC, WHO, China physically taking over U.S.A. courtesy of CFR/Federal Reserve.
H1N1 and vaccines removing age groups that can oppose plan.
Giant solar cycle will increase virility of virus in 2012
... no dogsleds inna library, please ... -- BWP, 22:09:33 11/11/09 Wed
"CBC: Canada's real estate market suffered steep losses and a recovery will be slow as buyers worry about another potential economic dip, a new report suggests."
... yeah, but they're still in denial inna Great White Norf ... they think all is hunky-dory ... that's 'cause they're brains are frozed up from all that global warmin' ...
@ it has its share of hyper crap -- BWP, 21:57:30 11/11/09 Wed
... THERE AIN'T NEVER GONNA BE TOO MUCH HYPER CRAP! ... the sheeples' skulls are thick 'n need long term hyper stimulus, like bombardment, ta get through ...
so here we sit.. educated.. waitng for the masses -- skys39 (), 21:53:50 11/11/09 Wed
this is going to be like shooting fish in a barrel
..
our ship is coming in
..
..
..
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Hi-tech holy water calms flu fear -- Iainmac, 21:52:49 11/11/09 Wed
Catholic churches in Italy are installing automatic holy water dispensers to help reduce the risk of spreading swine flu.
The outbreak of the H1N1 virus has led many churches to suspend the tradition of having holy water in open fonts into which people dip their hands.
The new machine works like an automatic soap dispenser, squirting water when a hand is passed under the tap.
Don't let the women and children read this ..... it has its share of hyper crap -- Earl (), 21:50:00 11/11/09 Wed
Submitted by Jeff Clark of Casey's Gold And Resource Report
How Will Niagara Falls Fit Through a Garden Hose?
by Jeff Clark, Senior Editor, Casey’s Gold & Resource Report
“There’s no doubt in my mind that we’ll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.” –Doug Casey, September 2009
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wow .. someone tossing shit on the board .. -- Delta-au -- Miro, 21:50:05 11/11/09 Wed
heck, RIPchit is running his mouth again. What a fraud, a real contributor to gold forum, shitting all over it and then complains when somebody calls him on it.
I am trying to make some money in this gold related market, he just pisses and moans about everything. Easy to do when your mommy is still feeding you and making your bed.
... Marc this spot .... -- BWP, 21:45:33 11/11/09 Wed
"Nov. 11 (Bloomberg) -- Gold won’t fall below $1,000 an ounce again after rising 27 percent this year to a record as central banks print money to help fund budget deficits, said Marc Faber, publisher of the Gloom, Boom & Doom report."
... yeah, the sly ol' fox bought himself summa that yella crap hisself ... luv ya, Marc ... bring 'em in ... make gold fly ... bring alla l'il chillun into the streets ta sing gold songs ...
-- -- Winston, 21:41:38 11/11/09 Wed
Russian Clairvoyant Pavel Globa
--from Dec 2007 link, he said "2008 will be the year of the illusion of HOPE and CHANGE...followed by disillusion."
[he said this about Russia but it does ring true for another country.]
from machine translations:
Globa turn predicts that the global economic crisis will end only in 2020...
in 2012 to collapse the entire U.S. financial system, and the state will no longer be able to give money to those people it employs. In big cities there is a disorder where looting, and many people will die. In the civil war, which has a strike are not fighting against each other north and south as it was in the 19th century, but the east and west."
-- -- Winston, 21:29:43 11/11/09 Wed
Wolanchuk says:
$the market is in the process of discounting an inflationary world wide economic boom of unparalleled proportions The dows divisor is it $$
[link below]
... gold's up again, buckaroos ........ -- BWP, 21:27:15 11/11/09 Wed
... gold's 'splodin' in frunna yer eyes just like MYSTO tole ya .... wipe them snot-bubbles off yer lip and REVEL INNA GLORY .... yeah, do it ... revel yer ass off ...
@ Cramer likes gold .... -- BWP, 21:24:31 11/11/09 Wed
"Cramer: Rising gold prices don’t portend doom as they once did. In fact, Cramer said Wednesday, these days they trumpet good news. He even went so far as to call the present gold rally, with the commodity up 26% year-to-date to $1,117.80 an ounce, “a huge positive.”
... this asshole is DANGEROUS ... he shouldn't be allowed within fitty feet of a camera or microphone ... I'm surprised the people he fecked over let him live ....
wow .. someone tossing shit on the board .. -- Delta-au, 21:12:51 11/11/09 Wed
lil Devil has you nicely boxed ..
with yer hypocritical 50 postes a day ..
of what exactly ??
lemme give u a hint ..
it stinks .. and it YOURS ..
I'm not even disputing the content -- RIP, 21:05:45 11/11/09 Wed
What I am disputing....is someone tossing shit on the board, then saying Google the source.
Golden Boy has no problem with that, I see.
Most thinking people would.
I'm very bullish on the goldies -- goldeye, 21:01:31 11/11/09 Wed
I just sent a good friend of mine the following: "By the looks of things tonite, it looks like tomorrow may be a big up day for the goldies (indices and gold stox) imo. If I'm correct, gold could touch the mid 1160s (or even higher) by Friday. The gold stox as I've said before are way undervalued. The shorts have shorted the goldies to the extreme (I mean naked shorting too). It looks like their only choice now will be to buy them back. That means the gold stox will finally start a rampage up. Let's see what the market says. Timing is most difficult - I may be a bit premature."
-- -- Winston, 20:45:11 11/11/09 Wed
Bill Gross, the $747 billion bond man, declares the death of equities
he views stocks as the bottom of the liquidation hierarchy -- meaning that if a firm files for bankruptcy, all the other stakeholders -- such as bondholders, lenders, and preferred stock holders -- get their money before the common shareholders see a dime.
the future men of legend...the future men of fame -- skys39 (), 20:41:59 11/11/09 Wed
post here
.
bet
.
.
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((((any Chinese out there reading this board)))) -- BUFFORD, 20:42:11 11/11/09 Wed
If you want to send the money printers a message.......announce that you bought the other 203 tons of IMF gold just before Obama gets off the plane
in-somuch-as when I walked about the
Dubai Gold Souk ( 1998 )
there were " Guards " on every corner
Then with Rothschild ( maybe within the past 1-3 years )
entering ( or being invited to ) Dubai
this current event of Gold Thievery is too coincidental
I can not envision such theft happening
in 1998, I guess Dubai has been invaded
the phuns begub at 1121 -- duppy, 20:32:56 11/11/09 Wed
[Edit]
well booo feckin' hoo .. -- Delta-au, 20:32:21 11/11/09 Wed
crybaby whines "without saying whose they were" ..
mommy's prolly calling ya fer din dins again ..
offya run now !
rippee accuses others of "heinous thought crimes" .. -- Delta-au, 20:10:38 11/11/09 Wed
I din't try to pass it off as my own writings .. you idjit ..
and you actually acknowledge that in yer request for the link ..
wotta joker ..
Kitcotodd....now that's funny -- RIP, 20:07:15 11/11/09 Wed
Years ago I said bugs should cheer LOWER interest rates.
What happened?
I got called Mr. Bond.
RIP - I disagree. Fundamentals couldn't be better............ -- Kitcotodd, 20:02:44 11/11/09 Wed
The competition pays zero. You got a pretty good chance of winning a game if the other team doesn't field any players.
RIPypocrite @, 19:38:44 11/11/09 Wed You are what you are. A plagiarizer. -- LilDevil, 19:59:28 11/11/09 Wed
So says Voy's biggest parrot.........Squawk RIPy wanna post, squawk........lol
Don't know how much it matters............ -- Kitcotodd, 19:59:05 11/11/09 Wed
but on 39K volume afterhours the new junior etf is up over 6%. And it's been rising all nite... not just someone screwed on 100 shares.
Anyways...the more doubters the better -- RIP, 19:58:50 11/11/09 Wed
And fundamentals certainly do not support this move.
Nadler is actually working for us.
Rip - "so called manipulation game works both ways." -- Kitcotodd, 19:51:28 11/11/09 Wed
So the goal is to find the right side and you should be set. It's better to join them then fight em.
Iainmac - Uranium, afaik it's as common as muck -- The_Vet (), 19:46:51 11/11/09 Wed
Shhhh.. the great unwashed masses don't realise that, and politics is what drives it not rarity.. I've made good money trading UNX several times in the past but it isn't a stock you take home to introduce to mother.....
PDN is also good to trade as is ERA, but only for short term gains...
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Kitcotodd....so have I -- RIP, 19:44:38 11/11/09 Wed
I am only pointing out how the so called manipulation game works both ways.
Everyone gets a turn.
Iainmac - NQM.AX is looking frisky today... -- The_Vet, 19:39:50 11/11/09 Wed
but all the uraniums are dead in the water. They could get a bit of life soon, however as uranium is getting a little political coverage and both UNX and CUY (and HAV as a proxy for CUY) are cheap but there is just no volume yet... Probably too early to move on those yet...
Phunds aplenty at 1120 -- duppy, 19:32:06 11/11/09 Wed
[Edit]
And who cares if it's a lie........... -- Kitcotodd, 19:31:25 11/11/09 Wed
I just want to make money. Believe me I've lost a bunch when been lied to.........
Maybe someone would lie -- Prime8, 19:29:14 11/11/09 Wed
But gold production is down. So he's not lying today. Wonder why people get so frustrated with you.
rippee .. -- Delta-au, 19:27:17 11/11/09 Wed
do a google on "GHAWAR" ..
add "WATER CUT" if ya really wanna know some faxts ..
and then ..
do some reading ..
yer playin' "info catch up" ..
from an awfully long way back ..
Key word is Halliburton -- RIP, 19:19:05 11/11/09 Wed
[Edit]
Haliburton and Ghawar .. -- Delta-au, 19:12:37 11/11/09 Wed
Ghawar field, the world's largest, is a long asymmetric structure that is 230 kilometers long and approximately 30 miles wide however the width diminishes going south.
Ain Dar, the most mature part of Ghawar in the extreme northwestern region of the field, has been under pressure maintenance by peripheral water injection for over 40 years. Ain Dar (and other parts of the field) began producing salt water in the late 1970s and by 2005, the cut was 42%. All of Ain Dar was wet since 1984. Once water became a major problem, many existing vertical wells were converted to short lateral horizontals running along the top 10 feet of the Arab D zone, the main pay. New wells were drilled horizontally to the same layer. Today, the redevelopment process has gone on so long that future oil production from Ain Dar is speculative.
Shedgum, adjacent to Ain Dar on the east, is not much better off. Both regions began oil production in 1951.
Uthmaniyah was developed after Ain Dar and Shedgum were fully developed with vertical wells on 1 square kilometer spacing. It is somewhat narrower and the thickness of the Arab D is less. Reservoir quality is diminished.
Hawiyah, narrower than Uthmaniyah and to the south of it, was then developed. Reservoir quality is further diminished. In Haradh, developed in the 1970s, reservoir quality is so poor that vertical wells have less than one fourth the productivity of the northern regions. In 1983 with reservoir pressure falling rapidly, the region was shut in. Following increased demand as the result of the invasion of Kuwait, in 1990, these shut in wells were returned to production. Redevelopment began in 1996 with horizontal and multilateral wells.
The southernmost section of Haradh, known as Haradh III came on stream in February of 2006. Today, the entire field still contains a great deal of crude oil but it is much harder to get and the production rates continue to fall off. Halliburton's mandate will be to deal with higher and higher water cuts, utilize all known new technology to hold rates as high as possible and stimulate wells as required. The total number of wells drilled in Ghawar exceeds one thousand including hundreds of vertical wells that have either been abandoned or converted to horizontals. Now Halliburton will drill even more trying to improve rate and lessen decline. It is a good, long-term contract and a tall order for the company.
.
*** Doone sound like they’re gittin’ enuff of that abiotic oil flowin' in ..
.
RIP - they're talking about peak gold -- Kitcotodd, 18:30:47 11/11/09 Wed
And Skinny - "Hindsight is always 20/20," said Mr Regent, who was appointed from the outside earlier this year.
skinnee -- Earl, 18:19:39 11/11/09 Wed
Bring me a gourd rattle from Columbia ..... I'll shake it to ward off evil spirits ........ and also in front of all yer posts.
Rip -- Skinee, 18:11:36 11/11/09 Wed
Actually I bought a bit of Drys today and doubled up on DSX
Sold Freeport and put the money to work in stocks that will double and more on the economic comeback.
Added a bit more to all my ocean freight stocks.
Just dry bulk carriers...no tankers
Shhh!!!!!! -- RIP, 18:07:48 11/11/09 Wed
Skinee's paying big bucks for satellite internet service.
Must be because he has something important to tell us.
Bugs...Listen to the Skinny One -- Skinee -- Permabear1 (), 17:58:31 11/11/09 Wed
Gold isn't going to crash anymore than the dollar. Gold will correct back to $1000 at some point, but the Indian government decision to buy IMF gold changed the game entirely. Gold serves as an international currency to hedge against competative devaluations that are taking place all over the world. Really Skinee it is as simple as that. If you can not see this it is only because you do NOT WANT TO SEE IT.
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Bugs...Listen to the Skinny One -- Skinee, 17:53:54 11/11/09 Wed
Gold is just riding the USA greenback
And it ain't gonna crash as Goldbugs expect.
It will recover and Gold will crash
I recall a year ago when all you guys were screaming depression and I was screaming bullshit it will recover.
Eh Earl
After all these years from me being against every goldbug in the world on Y2K you would think you would have learned your lesson. Skinee is always right...even in politcs
One thing I have noticed about goldbugs and their idiot advisory newsletters is that the they all bought at the lows. I recall goldbugs saying when gold was going down and Barrick was short and making Billions from it the Bugs were screaming Buying opportunity.
They got their ass burnt all the way down.
Gata and the likes were screaming Gold suppression
They will do it again
well .. one thing fer sure .. -- Delta-au, 17:31:22 11/11/09 Wed
we're well above the previous all time high @ $850 ..
iow, no technical resistance above current Spot Price ..
the board musst be all wet .. -- MichaelH, 17:08:02 11/11/09 Wed
No kidding. I fished for sunfish and got carp last night. Silver rearview mirror says dump it. Forward looking says compares well to stock market of 1982 which started quite a long big bull.
'peak gold...... -- fedfighter, 17:05:01 11/11/09 Wed
Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.
"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.
Delta-au / all wet -- Sherlock (), 16:59:31 11/11/09 Wed
In a way, you can't blame gold bugs for not standing up tall and crowing. We've had our feathers trimmed so often, that we now tend to keep a low profile. Let's see $1200 gold!...http://www.youtube.com/watch?v=bfuLYW3HVoQ&feature=related
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wow, the stocks are forecasting one heck of recovery...puzzling. -- MichaelH, 16:58:42 11/11/09 Wed
So was the 1929 stock market predicting rosey times. Dropped from close to 300 to 41 and got a depression. Its merely a matter of catching the top - no easy task.
Applied Materials posts lower profit, announces job cuts -- Sherlock, 16:37:42 11/11/09 Wed
By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Applied Materials Inc. on Wednesday posted a drop in quarterly profit, and announced that it was cutting up to 1,500 jobs as part of a restructuring plan....http://www.marketwatch.com/story/applied-profit-drops-will-cut-up-to-1500-jobs-2009-11-11
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That HP deal might propel the SM through the 1100 area -- APOLLO, 16:29:08 11/11/09 Wed
& then we can start talking about the next FIB - if it takes, it won't be 50%
H-P to acquire 3Com for $2.7 billion -- Sherlock, 16:25:15 11/11/09 Wed
By Rex Crum
SAN FRANCISCO (MarketWatch) -- Hewlett-Packard Co. (HPQ 50.00, +0.01, +0.02%) on Thursday said it would acquire 3Com Corp. (COMS 5.62, -0.07, -1.27%) for $2.7 billion, or $7.90 a share. H-P said it was making the acquisition to "transform the networking industry and underscore H-P's next-generation data center strategy." Separately, H-P announced preliminary fiscal fourth-quarter earnings of 99 cents a share on revenue of $30.8 billion. Excluding one-time items H-P estimates it earned $1.14 a share
Gold hits record near $1,120 an ounce Goldman Sachs sees gold reaching $1,200 if rates stay low -- Sherlock, 16:22:20 11/11/09 Wed
By Nick Godt & Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Gold finished at another record on Wednesday, after tapping a new high near $1,120 an ounce, receiving a boost from upbeat Chinese economic data and continued expectations of globally loose money....http://www.marketwatch.com/story/gold-futures-climb-to-record-above-1117-2009-11-11
PM stocks in another pathetic performance -- Sherlock (), 16:14:12 11/11/09 Wed
GLD wins again +1.19% vs. GDX +0.42%... It looked like I got a nice birthday present earlier, But then they took it a way... Boo hoo hoo !.... They spoiled my party....http://www.youtube.com/watch?v=RpCv37mT5NE&feature=related
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AEM/ABX/KGC/AUY/NGD - on their lows, red or neat to it -- APOLLO, 16:12:20 11/11/09 Wed
into the close. There were others. Shorted CDE for a morning trade - 50% retrace on the SM & a D-bottom on the USD ST - potentially. It could also be that we're just tentative here with where the SM is, but looks more like a pull-back of sorts is in order ST>
Simulacrum (plural: -cra), from the Latin simulacrum which means "likeness, similarity",[1] is first recorded in the English language in the late 16th century, used to describe a representation of another thing, such as a statue or a painting, especially of a god; by the late 19th century, it had gathered a secondary association of inferiority: an image without the substance or qualities of the original.
An Eye Opener-Health Care around the World T.R.Reid Pbs.Org -- Snowbird, 15:56:06 11/11/09 Wed
Please note, I'm a Canadian and my only purpose is to inform and help you make your voting decision based on a World Wide perspective.
@'da scene -- Eldorado, 15:41:54 11/11/09 Wed
APOLLO -- Unless the 'item' is particularly thinly traded, I find it's never 'immediate'; I.E., some kind of bounce will happen and play about that same trendline but from the opposite side, but then watch out for the action thereafter because it may not react much with support or resistance in the immediate area.
fwiw -- Raja, 15:22:39 11/11/09 Wed
50% retracement of the Dow is at 10334 (reached today) and 1121.44 for S&P, still somewhat short of it. This is from EWT. This is a free week at that site. These guys are superbears on all markets.
Education of a different kind -- Earl, 15:22:12 11/11/09 Wed
« Previous: DC Sniper Executed | LRC Home | LRC Blog
November 11, 2009
Toxic Injection at Gunpoint
Posted by William Grigg on November 11, 2009 02:02 PM
An inmate of the Wheeling, West Virginia Middle School had second thoughts about enduring a government-issue toxic injection. After he fled the gymnasium, the child was tracked down by a “resource officer” — that is, a prison guard — and coaxed back to the shot station. But it took two tax-fed heroes to pin down the resistant child in order for the injection to take place.
“He tried to run,” recalled Howard Gamble, Administrator of the Wheeling-Ohio County Health Board. “I looked over and saw two Sheriff’s deputies holding him down.”
The sight of a terrified child being restrained by two armed full-grown “men” didn’t disturb Gamble’s servile serenity.
“For the most part they go easy,” he commented during a November 10 Health Board meeting. “As far as the shots, every once in a while you have to hold down one or two — but that’s why mom is there or dad is there.”
Of course, he didn’t mean to suggest that parents are there to defend their children from such assaults; rather, he meant that it’s useful to have a parent handy to coax his child into submitting to a government-mandated violation of his bodily integrity.
The mother of the brutalized child described above actually fled the scene rather than witnessing the abuse — or doing anything to stop it.
@ Osisko warrants -- RIP, 15:18:24 11/11/09 Wed
Crunch time coming up in the next few days.
And there are a slew of em.
I'm sure they would like those $7.90 warrants exercised.
The $5.45s are in the clear.
Would they issue a PR today, Thursday, or Friday?
We shall see....lol
You Guys are Nuts -- Skinee, 15:16:12 11/11/09 Wed
Big Deal...gold up 10 bucks and you guys are all excited.
$1100. invested in a ounce of gold and the best you can do is $10 bucks, less than 1%.
I have a lot of stocks putting that to shame.
Go were the real money is
Get a Union...1% is starvation wages
@'da scene -- Eldorado (), 15:12:23 11/11/09 Wed
jesse22 -- So-called buying ops will continue to abound, for those nice 20-30% 1-2 day gains.
..But when they act tuckered-out, it generally means that they are.
If'n you want more constancy, you'll have to visit the general equities in the major indices.
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# Buddy can you spare me a Billion?? -- APOLLO, -- Carmack, 15:14:51 11/11/09 Wed
Not a problem. Print them and "make believe" they have actually borrowed it from Mr Chinaman. Gotta keep up the pretense to protect the UDS.
Silver Fox (your 14:14) -- jesse22, 15:04:18 11/11/09 Wed
Seems to me PM stocks are not believing the move in POG. That's a concern because PM stocks have historically lead the way.
Buddy can you spare me a Billion?? -- APOLLO, 15:01:11 11/11/09 Wed
Report: 10 states face looming budget disasters
Pew report says 9 states face budget deficits, economic challenges similar to California's
By Judy Lin, Associated Press Writer
On 1:11 pm EST, Wednesday November 11, 2009
Buzz up! 24 Print
SACRAMENTO, Calif. (AP) -- California's ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.
A report released Wednesday by the Pew Center on the States says Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin also are at risk of fiscal calamity.
That could mean higher taxes, more layoffs of government employees, increasingly crowded classrooms and fewer services in states that account for more than one-third of America's population and economic output.
Most of the states face rising unemployment and high home foreclosure rates, and their revenues have dropped by double-digit percentages.
The analysis urges lawmakers and governors to take quick action to prevent economic catastrophe.
@'da scene -- Eldorado, 14:58:12 11/11/09 Wed
Aaaannnnndddd while I'm at it, methinks if'n EXK sees 3.28, it might as well just see 3.15 and skip the interlude.
HL will be there; the weeeee little whisker on 'da 60 min near 2pm at least mostly never lets me down. Where she goes in the immediate term is generally a bounce but it seems to ALWAYS be fulfilled that the direction WILL be in the direction of that very interesting whisker that broke the trendline. Odds are that it won't get very far away from it.
It's all green -- fedfighter, 14:30:44 -- Glyndwr, 14:52:19 11/11/09 Wed
Yeah, I smoked some green once, in Amsterdam..
(What on Earth are you on?)
Nice post for an edit, methinks..
Eldorado -- Hambone, 14:45:06 11/11/09 Wed
Your bearishness seems a bit premature today, but I do agree things are getting a bit too euphoric. Seems to me before long the market will have to remind us it goes two ways.
@'da scene -- Eldorado (), 14:39:26 11/11/09 Wed
Yea BWP, just imagine 'da swell numbers if'n they fired everyone; 'da marketz would be at least to Pluto...
;;;; at least for a few minutes..
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... scratch 'n sniff .... -- BWP, 14:36:06 11/11/09 Wed
"FOX: But, investors’ general impressions are that companies met the numbers not because sales are surging, or because business is much better. In this tough economic environment, the story line continued to be that most companies beat expectations through massive cost-cutting measures, including major job cuts. According to Thomson Reuters, 56.4% of the S&P 500 components beat analysts’ already-depressed expectations on sales, while more than 42% of companies missed on revenue views."
... yeah, the real numbers ... soberin' ... scratch the surface 'n smell the shit, baby ... put on yer high-heel sneakers 'cause we're goin' out tonight ... smooooookin' ....
@'da scene -- Eldorado, 14:29:48 11/11/09 Wed
Hmmm, looks like AGT may yet again want to revisit the 48 cent area. Heh, bring it on, ya one more non-performing sicko..
... gold's up ... dollar's up ....... -- BWP, 14:28:19 11/11/09 Wed
... market buddies ... the Topsey Twins ... one of 'em is goin' down hard ... and it ain't gonna be the yellah crap ... MYSTO KNOWS STUFF! .... yeah, I be gifted wif visions ...
we won't see $50 oil again- badiali -- mugwump, 14:25:01 11/11/09 Wed
That's why many public oil and gas companies added huge leases in the major shale plays over the last few years. That gas pads the companies' ratios, and that's as far as many analysts go.
But this masks a critical fact: Oil reserves are falling among the giant oil companies.
The three U.S. majors – Chevron, ExxonMobil, and ConocoPhillips – hold 72% of the oil reserves among the public U.S. oil companies. The oil reserves of those three fell 6% from 2005 to 2008. That 1.4 billion decline in reserves is two-thirds as much oil as the next largest oil company's entire oil reserves.
A quick check of the oil industry shows only 30 companies with more than 45% oil reserves. Even venerable ExxonMobil, the best-run oil company in the world, hasn't replaced its oil reserves. In 2003, the company had 12 billion barrels of oil... Today, that's down to 10 billion barrels. That means it's replacing about 75% of its annual production. This is unsustainable in the long run.
We simply aren't replacing our oil reserves, and that is important because it means oil... any oil... will be more valuable tomorrow than it is today.
I don't like to make predictions about commodity prices. Usually, gut feelings are no better than a coin flip. But I can't see how we'll ever pay less than $60 a barrel for oil again. Even if oil dips below that level... it won't stay there.
@ Gold up nicely today yet the majority of my stocks are red -- BWP, 14:24:01 11/11/09 Wed
... yeah, the market wants ya in the ETF's ... it could become a giant paper gold pool that the miners may have ta do business wif soon ... but who nose? ... I'm a stranger here myself ...
What gives -- SilverFox, 14:14:12 11/11/09 Wed
Gold up nicely today yet the majority of my stocks are red. GSC is a sick puppy. Hit 4 dollars canadian last week and is running hard down again. Since the Cabal is not able to stuff physical gold recently are they trying to jam the share prices down to cover the naked shorts?? Still waiting but share prices have disappointed
Now a fourth short term bear posting on Kitco this one from Summers -- fedfighter, 14:10:02 11/11/09 Wed
Sorry to mix metaphors but I'm starting to smell a rat.
SM - just hovering under the 1100 S&P mark -- APOLLO, 14:08:19 11/11/09 Wed
this battle is to us a good Nov, versus an interesting Nov & a need for divergence (not easily found)
... cream o' the crop .... -- BWP, 14:03:14 11/11/09 Wed
"Besides Gates, rounding out the top 10 on The Forbes 400: Oracle founder Larry Ellison ($27 billion); Wal-Mart heirs Christy Walton ($21.5 billion), Jim C. Walton ($19.6 billion), Alice Walton ($19.3 billion), and S. Robson Walton ($19 billion); media maven Michael Bloomberg ($17.5 billion) and energy titans Charles and David Koch ($16 billion each). The 10 richest Americans lost a combined $39.2 billion in the past 12 months, a 14 per cent decline."
... yeah, I coulda been #11 if CALVF woulda taken off ... maybe next year ...
The Next Thing Investors Need To Panic About -- Sherlock, 14:02:22 11/11/09 Wed
Liz Ann Sonders, the chief investment strategist at Charles Schwab video:
Eight months ago, it was that the world was about to end: Stocks were down 60% from their highs, the economy was tanking, unemployment was soaring, and commentators everywhere were talking about a second Great Depression.
Dolla - rageing against the dying of the light.. -- Glyndwr (), 13:53:23 11/11/09 Wed
Watch out for your stox.
(POG, however, laughs as the cow jumps over Da Moon..).
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... don't accept substitutes .... -- BWP, 13:56:42 11/11/09 Wed
"Dubai Police apprehended the suspects in a daring $1.6 million gold heist in the Dubai International Airport within 48 hours late last month. This case highlights the security issues surrounding gold ownership, and for local investors points to the usefulness of exchange traded funds to own gold."
... yeah, sell yer bullion fer ETF's ... that's like sellin' yer toots fer an inflatable doll ... until they can teach a doll ta open a beer 'n make breakfast, it's a dumb move ...
welcome to the USSA comrade -- mugwump, -- Monoimos, 13:45:44 11/11/09 Wed
The treat is that $ 8000.00 first time home buyer program
The Trick is that $ 8000.00 first time home buyer program
The disaster coming is anyone who has any equity left in Real Estate because that is the how they borrowed all the money in the first place.
When you don't have common law you don't have private property rights..
The City, The County, The State are all bankrupt and John Q
homeowner regardless of his financial condition is just a debtor in possesion who owes all to the above.
The Real Estate ATM is now owned by the state as they will do anything and everything before "Declaring Bankruptcy"..
@'da scene -- Eldorado, 13:37:06 11/11/09 Wed
Yea, we don't want or need any stinkin jobs. Those are for Mexicans and Chineze.
We only need play 'da markets.
... next shoe ta drop .... -- BWP, 13:31:46 11/11/09 Wed
"Zisler, whose firm focuses on real-estate investment, estimated that building owners will default on $500 billion to $750 billion of mortgage debt. This equals as much as 54 percent of the $1.4 trillion in loans that will come due in four years, by his count."
... yeah, the commercial real estate market is El ToastO ... it's ridin' the Bobsled ta Beezelbub's Bosom ... we all gonna die ...
... danger, danger, Will Robinson .... -- BWP, 13:21:24 11/11/09 Wed
"Corporate defaults have almost tripled this year to 239 issuers, compared with 82 in 2008, Standard & Poor’s said last week in a report. The 12-month forecast for U.S. high-yield bond failures is 6.9 percent, the ratings company said last month. More defaults mean the amount of face value investors can expect to recover is lower. The rates may range from 35 percent to 40 percent this year, compared with 66 percent from 2005 to 2007, according to Moody’s. When defaults last rose in the periods ended in 1991 and 2002, the amounts averaged 45 percent."
... yeah, pull the plug on all of 'em ... don't need no corporations anyway ... let the Fed provide sustenance ... cut out the middleman ...
welcome to the USSA comrade -- mugwump, 13:18:05 11/11/09 Wed
Don't Fool Yourself: America Is "Now a Communist Nation"
By Porter Stansberry
At last year's Alliance Conference, I urged folks to buy stocks – vehemently... It was the most bullish I've been in my entire life. But now I feel the opposite way. When the facts change, I change my mind. I never thought we'd see the government running $2 trillion deficits, taking over health care, owning all the banks...
The stock market seems to believe the government can solve all of our problems with paper money and bureaucratic mandates. My bet is, it doesn't work... at least, not for long. And given the choice between earning less than 1% in the bank and buying gold at $1,100 per ounce, I'm buying gold.
Watching the government rack up debts that will be impossible to repay while narrowing the tax base (at least 50% of Americans pay zero federal income tax) at the same time is very scary. Not only has the government gone mad with spending and corruption, but it also expects about 10% of the population to pay for essentially all the costs. The math simply doesn't add up: 10% of the population can't (and won't) pay for all of the costs of a socialist federal government.
The battle of the Fed Place your bets -- Sherlock, 13:14:55 11/11/09 Wed
By Darrell Delamaide
WASHINGTON (MarketWatch) -- While there's a lot of political posturing in Sen. Chris Dodd's mammoth financial regulation bill, the Senate Banking chairman does bring to the fore a key issue that needs to be debated -- the role of the Federal Reserve System....http://www.marketwatch.com/story/the-battle-of-the-fed-place-your-bets-2009-11-11
ivernia?? -- 2bro2b, 13:07:58 11/11/09 Wed
Individual stocks for me are history other than the few laying around from past years to parcel off.
Equity exposure in general via funds has little appeal remaining. Others mileage/plans/purposes can only vary.
GDXJ and TRE -- AU_NB, 12:54:27 11/11/09 Wed
Addendum
Since Van Eck Associates Corp has been accumulating TRE, I assumed that TRE would be in the ETF. Having reviewed the ETF holdings, it does not appear to be in the complete list of holdings.
... DA 'SPLOSION CONTINUES !!! -- BWP, 12:53:29 11/11/09 Wed
... will the upward thrust of gold ever relent in it's voyage todamoon? ... not hardly, buckaroos ... the yellah crap is stronger than the Hulk or even Superman ... BIFF! BANG!! BAM!! ... it's sublime, I tell ya ...
Kitcotodd - CDE -- AU_NB, 12:27:11 11/11/09 Wed
All I can figure is that when they started the underlying index, CDE was trading at under $1.00 before its reverse split.
@'da scene -- Eldorado, 12:21:46 11/11/09 Wed
HL, I do believe, just broke a trendline that goes back to 11/2, to the south, or is 'just' on the verge of doing so. Caution is warranted more than it was.
Could be yet one of many buying ops coming up later this week if this is true.
More on GDXJ -- AU_NB -- Kitcotodd, 12:16:29 11/11/09 Wed
How can they make CDE the biggest holding? It's like making Pee Wee Herman the star of your movie.
More on GDXJ -- AU_NB, 12:09:52 11/11/09 Wed
The website:
"The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of the company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver."
Dollar bounces off 15-month low as stocks pare gains -- Sherlock, 12:03:01 11/11/09 Wed
By Deborah Levine & William L. Watts, MarketWatch
NEW YORK (MarketWatch) -- The dollar rebounded versus the euro on Wednesday, pulling an index of the greenback away from a new 15-month low, as U.S. equity markets pared some of the strong gains seen earlier, leading traders to reconsider bets on riskier assets...http://www.marketwatch.com/story/dollar-edges-down-vs-yen-after-japan-data-2009-11-11
The Great [Energy] Game - Update -- Smythe, 09:02:59 .. -- Delta-au (), 12:02:37 11/11/09 Wed
Thx fer re-posting that gem ..
Pepe rocks ..
..
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@'da scene -- Eldorado, 12:01:07 11/11/09 Wed
The good newz is that no gap shall be left behind.
The bad newz is that this sh!t has to retreat to fulfill the good newz.
Daytrading reigns supreme.
TRE - Van Eck' Junior Miner ETF -- AU_NB, 12:00:07 11/11/09 Wed
Eck’s Market Vector Junior Miners ETF is set for trading to begin on Wednesday, November 11, 2009. Symbol GDXJ
"GDXJ is the first Exchange-Traded Fund (ETF) in the country to provide investors with concentrated access to “juniors,”—small- and mid-cap mining companies which generally represent a dynamic subset of the global gold-mining industry as many are companies actively engaged in developing new sources of gold either through greenfields exploration or use of new geologic models to prospect for gold in overlooked or abandoned properties. "
does the govt have the right to tax existence?? -- mugwump, 11:48:36 11/11/09 Wed
In her coverage of the November 5 rally on Capitol Hill and attorney Mark Levin's impassioned speech to the assembled throng (great video of it in the link), Penny Starr reports:
Both the House and Senate versions of the health-care reform bill would force all individuals who are citizens or legal residents of the United States to buy health insurance or else pay a fine, even though the Congressional Budget Office has reported that the federal government has never before required Americans to buy any good or service. Sen. Orrin Hatch (R.-Utah), a longtime member of the Senate Judiciary Committee, told CNSNews.com recently that this mandate is not constitutionally justifiable and that if Congress can force Americans to buy health insurance "then there's literally nothing the federal government can't force us to do" [emphasis added].
ted butler's gonna like this -- 2bro2b, 11:48:36 11/11/09 Wed
If the current position providers are limited other providers will provide if there is any money in it.
Of course he'll like it, being the exception to a cardinal
trading rule sin, trading on rumor, a bad deal for all except rumor-mongering profiteers.
It's his bread and butter, his worst fear, they be proven true. The manipulators in his narrative sort of evolve over the years, an ever-changing cast of characters...variously AIG, the Chinese, Phibro, Buffet..currently
three of the Street dominoes left standing.
The identity of criminals endlessly rotate, only the manipulation charge remains fixed.
Mugwump: Thanks for the Erhe update. -- Snowbird, 11:33:16 11/11/09 Wed
You are as usual a fantastic source of reliable information and appreciated by the entire Board. Huge thanks are in order! Voy would not be the same without you and the many other great personalities here who share there hard earned work unselfishly.
take that group out of the labor force by reflating stocks.--Ktodd -- Pyrite, 10:24:35 11/11/09 Wed -- Kitcotodd (), 11:05:16 11/11/09 Wed
Not for a long while. Were we flooded with money when the Dow was 40% higher?
And RIP says there's no money anyway.
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Careful here, trading folks.. -- Glyndwr, 11:20:10 11/11/09 Wed
Watch that Forex. A Dolla rise here could be bloody for Glodstox. Then again, it might reverse too. Keep an eye. bbl
Filch Ratings -- 2bro2b, 11:12:43 11/11/09 Wed
“Some concerns about the asset-price inflation are overstated,” Riley said today in a phone interview from Seoul. “Policy makers want to reflate asset prices as part of the recovery; if that starts getting out of hand, then you can get worries about future asset bubbles. These concerns I think are somewhat premature.”
The three ordained ratings agencies, expressly required, all others expressly forbidden, and reordained after congressional inquiry into how and why, paid by the issuer, they were wrong about everything, while the unordained raters, paid by the purchaser, were right about everything and right from the issuing get-to and ahead of the progressive rotting with lower and timely lowered ratings...proved themselves to issue whatever would keep the money music playing.
"These concerns I think are somewhat premature.”
Leopards and spots. Whatever keeps inflating is what keeps issuing more and more goodies to rate.
Official 1: By the way, that deal is ridiculous
Official 2: I know, right. The model definitely doesn’t capture half the risk.
Official 1: We should not be rating it
Official 2: We rate every deal. It could be structured by cows and we would rate it
Official 1: There is a lot of risk associated with it. I personally don’t feel comfy signing off as a committee member.
Apparently those cows were dry from conception, the drained bezzle flows never really existed, taxcows are replenishing so the everflowing political milk money
diverted doesn't dry up, heaven*...for bid.
Best of Times for Wall Street, Worst of Times for American Workers -- Sherlock, 10:56:46 11/11/09 Wed
More Americans are losing their jobs as domestic unemployment soared to 10.2% in October -- a 26-year high. It could take at least four years before unemployment recovers to more normal levels of 5 or 6 percent, Chris Rupkey, an economist at the Bank of Tokyo-Mitsubishi, told the AP.
Who cares about gold? Who needs it? MoreGold -- Submariner, 10:55:28 11/11/09 Wed
If Canada needs gold, they will get it the old-fashioned way. The miners are no match for the Canadian Army. Even with a chunk of it deployed to Pipelineistan.
China Signals That It May Allow Currency to Rise Against Dollar -- Mikikis, 10:55:08 11/11/09 Wed
"China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
In its third-quarter monetary policy report, the People's Bank of China departed from well-worn language on keeping the yuan "basically stable at a reasonable and balanced level." It hinted instead at a shift from an effective dollar peg that has been in place since the middle of last year.
"Following the principles of initiative, controllability and gradualism, with reference to international capital flows and changes in major currencies, we will improve the yuan exchange-rate formation mechanism," the central bank said in a 46-page monetary policy report.
The comments, published just days before a visit to Shanghai and Beijing by U.S. President Barack Obama, set out the possibility of a return to exchange rate appreciation that began with a landmark July 2005 revaluation.
The yuan strengthened by nearly 20 percent against the dollar until concern over the impact of the global financial crisis prompted Beijing to hit the brakes in the middle of last year to protect exporters.
The yuan has been stuck at around 6.83 per dollar ever since, drawing increasing ire from other countries, especially as it has followed the dollar downwards against other currencies.
The dollar has dropped 13 percent against a basket of major currencies including the yen and euro since mid-February.
Back to a Basket?
Some analysts have called for the return to a genuine basket of currencies, which the central bank said in 2005 it would use as a reference for the yuan.
Winterizing Your Portfolio - A CNBC Special Report
"I think the wording change ... shows that it is an irresistible trend for China to resume yuan appreciation," said Xing Ziqiang, an economist at China International Capital Corp (CICC) in Beijing.
"It is not sustainable for the yuan to always be pegged to the U.S. dollar; after all, the repegging since late 2008 was just part of China's measures to address the global financial crisis, and now the impact of the financial crisis is fading, so the yuan should resume appreciation sooner or later."
The central bank's report came just hours after data that showed the world's third-largest economy had firmly put the worst of the global financial crisis behind it. Factory output growth surged to a 19-month high of 16.2 percent in October.
While exports were still down in year-on-year terms, economists pointed to the likelihood that they would start growing again soon.
Some analysts said the statement could have been timed to send a signal ahead of Obama's Nov. 15-18 visit to China.
Obama told Reuters on Monday that he planned to raise the currency issue during his trip.
However, Beijing is increasingly facing complaints about its currency from other emerging economies, which see an undervalued yuan as undercutting them in global markets.
No Sudden Shift
Those concerns were evident in a draft statement from APEC finance ministers circulated on Wednesday, in which they call for flexible interest rates and exchange rates as a way of redressing economic balances.
"We agreed that flexible prices, including exchange rates and interest rates, play a critical role in allocating resources efficiently, and can facilitate the adjustments needed to support balanced and sustainable global growth," said the latest draft statement by the finance ministers dated Nov. 10.
While the statement could change in its final form, a deputy Chinese finance minister was present at discussions on it, suggesting some level of agreement by Beijing on the wording.
However, analysts were quick to caution against expecting any sudden shift in the yuan's actual value, given China's penchant for carrying out any reforms gradually.
"The central bank's worries about capital flows, liquidity, and inflation signal growing pressure for yuan appreciation," said Ben Simpfendorfer, strategist with the Royal Bank of Scotland in Hong Kong.
"But I'm not looking for gains in the currency until the second quarter as the export sector still faces large challenges and margin pressure." Markets priced in a slightly greater appreciation over the coming year.
Offshore one-year dollar/yuan non-deliverable forwards (NDFs) fell to 6.6075 bid late on Wednesday compared with Tuesday's close of 6.6320.
Yuan appreciation implied by NDFs, which moves inversely with the forwards, was around 3.3 percent in a year compared with 3.06 percent before the announcement.
Xing with CICC said he was expecting even greater appreciation, of 3 to 5 percent next year, in the face of growing external and internal pressure.
"For China's own sake of balancing its economic growth and reducing its large surplus in the trade account, it is also necessary for the government to make the yuan more flexible." " http://www.cnbc.com/id/33850971
PM Indexes -- jesse22, 10:55:01 11/11/09 Wed
It's amazing how many times in the last month we've seen a sharp sell off in the PMs around 10:30. Its like clock work. I didn't bother to look at the charts to verify the numbers, but I would be willing to bet it's been happening 75% of the time or more. Seems like a good opportunity for day traders.
2020hindsight- GORO -- lonestar, 10:46:52 11/11/09 Wed
FYI Bobwins, over on Smartinvestment. com, has been a GORO enthusiast for years. You might enjoy reading his posts. I met him a couple of years ago in Reno at Coach's conference. He is extremely intelligent and one of the nicest people I have ever met.
@ Canada A Panzy Of US ... NIDLER- Read And Learn ... -- MoreGold, 10:45:31 11/11/09 Wed
"" As for the argument that U.S. dollars are backed by the biggest gold reserves in the world, so holding them in reserve is relatively safe, that's rubbish. True, the U.S. has a lot of gold, 8,100 tonnes of it officially, or 77 per cent of its reserves. But it's well known in bullion circles that a lot or most of it has been lent out to banks and whatnot that sell it short, depressing its value.
And anyway, even if it is all there and not lent, all that gold is worth only about a tiny fraction of the U.S.'s rapidly growing debt. So holding U.S. dollars in reserve isn't exactly comforting.
It may be that the only reason for our central bank not to have gold in its vaults is because our American friends don't like us supporting bullion even though the mining industry employs a lot of people and produces big payrolls. ""
A Rock-Solid Case for Gold Reserves
By Fabrice Taylor
The Globe and Mail, Toronto
Wednesday, November 11, 2009
There's one mention of the word gold in the Bank of Canada's latest annual report. There are no mentions of bullion.
Canadians once owned 30 million ounces. Now we own none, preferring to back our currency with rock-solid things such as U.S. dollars and other pieces of paper worth something only as long as we all agree they're worth something.
Meanwhile, India is buying gold. So are other countries, especially those not in the sphere of U.S. influence. Latvia and Honduras, have more than we have, which isn't saying much, but seems to emphasize the point.
Things are getting better for the Indians. Time was if they wanted to buy, say, a barrel of oil they had to make a bunch of T-shirts and trade them offshore for dollars or some other exchangeable currency. No one wanted rupees, so they couldn't just print a bunch of them to buy oil. They had to work for it. This system imposed a certain discipline on them. Look at them now.
Americans, in contrast, have had it good for a long time because they own the reserve currency so when they want to consume they can just create dollars in one way or another. They don't necessarily have to work for it.
When the U.S. dollar was linked to gold, at US$35 an ounce, they had to be rigorous. If they printed more money they had to buy more gold, making it hard to be reckless. But they abandoned that peg 40 or so years ago. You can start to understand, then, why it is U.S. policy, however unofficially or quietly, to deprecate gold and tout the dollar. It's a huge advantage to be the reserve currency.
It's also a huge problem if you consume with vengeance and produce relatively less. And look at them now.
Meanwhile, there's Canada. We're pretty cocky. Our banks didn't blow up. We have commodities. Our dollar is strong. Who cares about gold? Who needs it?
Not so fast. Our dollar is strong against the greenback, which is sinking fast. It's not exactly a contender against other currencies. And it's speculators who are driving the loonie higher, not intrinsic value. Ontario is practically broke. Even Alberta is running U.S.-style deficits on a per capita basis. We don't invent a Google, Microsoft, Pfizer, or IBM every few years. The U.S. looks like a better bet than Canada by some yardsticks, although again, that's not saying much.
Investors follow certain basic rules when it comes to their money. They diversify, they prepare for the unexpected, they see inflation as the enemy. Why not central banks? Gold diversifies in that it's a hard asset whose price is set by supply and demand; it's not an obligation of some government whose value is theoretical.
It also maintains its value while paper currencies only lose theirs over time because of inflation. And you can't touch it for security when things really get bad, such as when currencies fail, which happens more often than we realize. Many of us keep gold bars or coins in the safe or under the mattress just in case, or wish we did. Why not a central bank? Unforeseen calamities happen, as we learned.
As for the argument that U.S. dollars are backed by the biggest gold reserves in the world, so holding them in reserve is relatively safe, that's rubbish. True, the U.S. has a lot of gold, 8,100 tonnes of it officially, or 77 per cent of its reserves. But it's well known in bullion circles that a lot or most of it has been lent out to banks and whatnot that sell it short, depressing its value.
And anyway, even if it is all there and not lent, all that gold is worth only about a tiny fraction of the U.S.'s rapidly growing debt. So holding U.S. dollars in reserve isn't exactly comforting.
It may be that the only reason for our central bank not to have gold in its vaults is because our American friends don't like us supporting bullion even though the mining industry employs a lot of people and produces big payrolls.
When it comes to managing a currency, we can find better role models.
-----
Fabrice Taylor is a chartered financial analyst and a financial columnist for The Globe and Mail.
Can't remember who wrote it, but sometime last spring there was a treatise floating around claiming that the only way out of the present mess was to continue increasing the money supply at an unsustainable exponential rate, or reduce the population.
Thanks Philbond - got it -- APOLLO, 10:31:34 11/11/09 Wed
my target on the DOW was 10750 - looks like some ups & downs to get there - if we do based on your chart.
take that group out of the labor force by reflating stocks.--Ktodd -- Pyrite, 10:24:35 11/11/09 Wed
but that would flood the system with phoney money and mistaken sense of "worth."
Here's a new perspective on chemtrails, vaccine -- moonshot, 10:15:44 11/11/09 Wed
Reverse speech analysis of D.C. - boomers targeted - Dec/Jan important
As I have been saying.... SM not going down. -- Kitcotodd, 10:14:32 11/11/09 Wed
Government can not stop job loss... much of it is baby boom crowd. The only way to lower unemployment is take that group out of the labor force by reflating stocks.
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
skys39, 01:12:15 11/12/09 Thu 
I Gue$$ the g00-r00 from Guelph -- 
