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ment17

Posted by ipso facto @ 22:27 on July 21, 2014  

I haven’t followed Tan Range in a while. At least they’re going into production. To say that it takes a long time to develop a mine…

I guess they’ve changed their name or else … TRX New York exchange and everything.

ipso facto

Posted by ment17 @ 21:48 on July 21, 2014  

yes the jrs have found a profitable way to carry home the water to their benefiet ..

several years ago i exited all gold stocks ..all stocks hit the sell range on an atomatic sell .. i just kept raising that sell order .. and did okay

i think tan range soon could bring forth a double .even a triple . i will probably grab a few shares soon

i read that some disparage sinclair my opinion he is one of the good ones

and has developed some mines and real gold prospects  that will pay well in a couple months as he goes into production,,

ment17

Posted by ipso facto @ 21:32 on July 21, 2014  

What ticks me off is when the officers of some barely surviving junior are being paid exorbitant salaries. Sometimes more is going to the management than to exploration.

A small company was written about recently that had been in business for something like 30 or 40 years without mining a single ounce. The company officers were doing just fine but all the stock holders were getting screwed. I forget how many times they’d done reverse splits. Amazing!

Maya @ 19:02

Posted by ipso facto @ 21:00 on July 21, 2014  

Slacker! 🙂

miners empty holes willie

Posted by ment17 @ 21:00 on July 21, 2014  

RICK RULE COMMENTED ON JUNIOR MINERS AS EMPTY HOLES CHOCK FULL OF LIABILITIES… AS INVESTMENTS, THEY ARE NOWHERE AS PROMISING AS GOLD & SILVER BARS & COINS. $$$

 

Rick Rule, as clever wordsmith, enjoys harping negatively on the mining stocks as a losing venture. He points out that if all of the Junior Miners together were pooled into Junior Explorer Co as one giant single firm, the company would lose $2 to 8 billion a year. He concludes that miners and explorers are best at finding money in investor pockets and mining it to pay salaries. He said, “Most of the walking dead Juniors, the zombies, are a bunch of liabilities disguised as public companies. Their assets are liabilities; their financials are liabilities; mostly their managements are liabilities.” Their executive compensation packages are also liablilities. Their deposits when in high risk jurisdictions are liabilities. Their entire properties become liabilities when the output is over-committed to the big banks and gold exchange marts. Rule once told the Jackass back in 2007 that the newsletter business has an element of entertainment to it. To which he was told, “Yes possibly, but good solid analysis and writing style make for a better foundation to laugh and hold interest.”

Floridagold re RMB developing quickly as major world currency and things look Worser and Worser for the dollar

Posted by Mr.Copper @ 20:59 on July 21, 2014  

Imo regarding my reversal observations, what is going on is not a coincidence. It has to be the global powers, behind the scenes, changing things around. The global agenda that started after WWII ENDED in 2008.

The USA got screwed when it was determined by the global PTB, back in 1945, that the USA was getting key currency status. England had key currency status before 1945. That status has many advantages, but like in any machine shop, “wherever there is a plus, there is also a minus.

The prime disadvantage is the USA after the foreign war, was able to import goods from other countries at very steep discounts, (a plus) but at the same time we lose businesses and jobs. (a minus)

The other bid disadvantage, constant ongoing trade deficits. Those deficits were settled in GOLD at $35/oz until 1971. After 1971, instead of exporting our gold, their system made us export jobs and industries.

Bottom line. That trend (embezzle the USAs wealth for the have not countries) has ran its course. They took and took and took until that meltdown in ’08. The  final DRAIN. Nothing left to take. The middle class was finished.

It makes sense that the USA is now a “have not” country, and the global master planners finally got it thru their thick heads in 2008, and are now in the process of making some other “have” country or countries, be “blessed” with key currency status to enable THEM to import cheaply, and drive up THEIR deficits.

You could even say globalization (integration) is in reverse. Look at all the separatist movements. Various people and countries seeking independence. Nobody with a brain wants to be merged with some other country that has “baggage”.

 

RMB developing quickly as major world currency

Posted by Floridagold @ 20:34 on July 21, 2014  

RMB developing quickly as major world currency

Updated: 2014-07-21 07:21

By Jiang Xueqing (China Daily USA)

The renminbi is on track to become the third-largest international currency behind the US dollar and the euro within five years as China accelerates its promotion of the yuan, said a Renmin University of China report released on Sunday.

Last year, RMB cross-border trade settlement amounted to 4.63 trillion yuan ($746 billion), up 57.5 percent from 2012. It accounted for 2.5 percent of cross-border trade settlement worldwide, the report said.

By the end of the fourth quarter of 2013, direct investment settled in renminbi amounted to 533 billion yuan, 1.9 times the same period in 2012.

The RMB is currently the fifth-most widely used currency internationally. The British pound is third and the Japanese yen fourth.

The offshore yuan market has been developing rapidly in recent years, and this year the People’s Bank of China signed a memorandum of understanding regarding yuan clearing and settlement arrangements with the central banks of the UK, Germany, Luxembourg, France and South Korea.

Chen Yulu, president of Renmin University and member of the central bank’s monetary policy committee, said the offshore yuan market in Europe has huge potential since major European financial centers are competing for the market.

Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges, suggested the government establish additional centers in places such as Dubai, South Africa and Latin America.

In spite of the rapid expansion of the RMB, its internationalization still faces many challenges including technical difficulties using the currency globally.

“To resolve the problem, China has to build a safe, efficient and low-cost offshore RMB clearing system as soon as possible,” Chen said.

“In addition, the regulators must create a legal framework for the offshore RMB market and make sound regulations to stop money laundering and tax evasion via offshore yuan transactions.”

At present, Chinese financial institutions are relying mainly on traditional offshore yuan businesses such as RMB trade settlement and deposit.

They have to innovate on products to deepen and widen the offshore RMB market, Chen said.

By the end of 2013, the outstanding volume of international bonds and bank notes denominated in renminbi rose 24.9 percent year-on-year to $71.9 billion.

The issuers of RMB-denominated bonds started to expand out of Hong Kong, with countries such as Japan and Canada joining in.

As Chinese economic power continues to grow, an increasing number of countries have become willing to accept the renminbi as a reserve currency. By the end of 2013, the PBOC had signed currency swap agreements involving a total of 2.57 trillion yuan with 23 countries and regions, the report said.

things look Worser and Worser for the dollar

Posted by Floridagold @ 20:32 on July 21, 2014  

Swiss, Chinese Central Banks Enter Currency Swap Agreement

By Dow Jones Business News,  July 21, 2014, 04:12:00 AM EDT

By Neil MacLucas and Richard Silk

ZURICH–The Swiss National Bank and the People’s Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).

The deal will also allow the Swiss central bank to invest some of its huge accumulation of foreign exchange reserves in the Chinese bond market, the SNB said in a statement Monday.

The Zurich-based SNB said the agreement will further strengthen collaboration between it and its Chinese counterpart and is a “key requisite for the development of a renminbi market in Switzerland.” It could also facilitate trade and investment between the two countries, the PBOC said.

Switzerland is the latest of a series of countries to set up swap lines with China, which is keen to promote the international use of the yuan.

Last year China signed swap agreements with the European Central Bank and a clutch of others, including the U.K., Brazil and Indonesia.

The agreement between China and Switzerland has a term of three years and can be renewed thereafter, the PBOC said.

Read more: http://www.nasdaq.com/article/swiss-chinese-central-banks-enter-currency-swap-agreement-20140721-00068#ixzz389X63UWV

Hmmm

Posted by Scruffy @ 20:05 on July 21, 2014  

PAUL RYAN’S PROPOSED BUDGET CUTS

 

A List of Republican Budget Cuts

Notice S.S. and the military are NOT on this list.

These are all the programs that the new Republican House

has proposed cutting.

Read to the end.

* Corporation for Public Broadcasting Subsidy — $445 million annual savings.
* Save America ‘s Treasures Program — $25 million annual savings.
* International Fund for Ireland — $17 million annual savings.
* Legal Services Corporation — $420 million annual savings.
* National Endowment for the Arts — $167.5 million annual savings.
* National Endowment for the Humanities — $167.5 million annual savings.
* Hope VI Program — $250 million annual savings.
* Amtrak Subsidies — $1.565 billion annual savings.
* Eliminate duplicating education programs — H.R. 2274 (in last Congress),

authored by Rep. McKeon , eliminates 68 at a savings of $1.3 billion annually.
* U..S. Trade Development Agency — $55 million annual savings.
* Woodrow Wilson Center Subsidy — $20 million annual savings.
* Cut in half funding for congressional printing and binding —

$47 million annual savings.
* John C. Stennis Center Subsidy — $430,000 annual savings.
* Community Development Fund — $4.5 billion annual savings.
* Heritage Area Grants and Statutory Aid — $24 million annual savings.
* Cut Federal Travel Budget in Half — $7.5 billion annual savings
* Trim Federal Vehicle Budget by 20% — $600 million annual savings.
* Essential Air Service — $150 million annual savings.
* Technology Innovation Program — $70 million annual savings.
*Manufacturing Extension Partnership (MEP) Program —

$125 million annual savings..
* Department of Energy Grants to States for Weatherization —

$530 million annual savings.
* Beach Replenishment — $95 million annual savings.
* New Starts Transit — $2 billion annual savings.

* Exchange Programs for Alaska Natives, Native Hawaiians, and

Their Historical Trading Partners in Massachusetts — $9 million annual savings
* Intercity and High Speed Rail Grants — $2.5 billion annual savings.
* Title X Family Planning — $318 million annual savings.
* Appalachian Regional Commission — $76 million annual savings.
* Economic Development Administration — $293 million annual savings.
* Programs under the National and Community Services Act —

$1.15 billion annual savings.
* Applied Research at Department of Energy — $1.27 billion annual savings.
* Freedom CAR and Fuel Partnership — $200 million annual savings..
* Energy Star Program — $52 million annual savings.
*Economic Assistance to Egypt — $250 million annually.
* U.S.Agency for International Development — $1.39 billion annual savings..
* General Assistance to District of Columbia — $210 million annual savings.
* Subsidy for Washington Metropolitan Area Transit Authority —

$150 million annual savings.
*Presidential Campaign Fund — $775 million savings over ten years.
* No funding for federal office space acquisition — $864 million annual savings.
* End prohibitions on competitive sourcing of government services.
* Repeal the Davis-Bacon Act — More than $1 billion annually.
* IRS Direct Deposit: Require the IRS to deposit fees for some services it

offers (such as processing payment plans for taxpayers) to the Treasury,

instead of allowing it to remain as part of its budget —

$1.8 billion savings over ten years.
*Require collection of unpaid taxes by federal employees —

$1 billion total savings.WHAT’S THIS ABOUT?
* Prohibit taxpayer funded union activities by federal employees —

$1.2 billion savings over ten years.
* Sell excess federal properties the government does not make use of —

$15 billion total savings.
*Eliminate death gratuity for Members of Congress. WHAT???
* Eliminate Mohair Subsidies — $1 million annual savings.
*Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change — $12.5 million  annual savings.WELL

ISN’T THAT SPECIAL

* Eliminate Market Access Program — $200 million annual savings.
* USDA Sugar Program — $14 million annual savings.
* Subsidy to Organization for Economic Co-operation and Development (OECD) –$93 million annual savings.
* Eliminate the National Organic Certification Cost-Share Program —

$56.2 million annual savings.
*Eliminate fund for Obamacare administrative costs — $900 million savings.
* Ready to Learn TV Program — $27 million savings..
* HUD Ph.D. Program.
* Deficit Reduction Check-Off Act.
*TOTAL SAVINGS: $2.5 Trillion over Ten Years

The question is, what is all this doing in the budget in the first place?!

Maybe this is why the Democrats are attacking Paul Ryan.

larryc

Posted by Fullgoldcrown @ 19:30 on July 21, 2014  

also case closed

Big crowd all of a sudden…

Posted by old-timer @ 19:23 on July 21, 2014  

Wow, looks like moving has it’s advantages!

Thanks all for the tips for purslane – I’d heard about it’s nutritional value, but wasn’t ready for eating it yet.

I’ll give it a try.  Also, one of the links you left to Wikipedia showed that purslane is good for conserving soil moisture, something I’d observed, but with no credentials, could not say for certain.

No fear, it’s got hold of my plot this year, we think it came in with a bad batch of compost, as other gardeners have it too. (My patch is in a community garden).

Next time, I’ll harvest and try a sauté!

Also, while I’m here, I read that post from the supposed old timer who is going, with other legions of us, to take back the country.

Well, we’d better get some people on the ballot who can really make a difference.  My battles to get Ron Paul to the ballot in 2008 and again in 2012 showed me how corrupt and entrenched the morlocks who control, at least the Republican party machinery are.  I have no reason to expect anything different from the Dems.  There is a line of hacks and operatives waiting to run for office.  Access to the ballot -names put up for the voters – is strictly controlled.  The salvation of the country will IMO, have to come from  the people themselves, independent from the FedGov.

Something else caught my eye in the posts, folks looking for a PM source.

I bought some one ounce silver dragon bars from Ampex on Ebay a while back.  The shipping charges were small, maybe $5, and they packaged well and delivered quick.

Unfortunately, I have no idea where the silver dragons went once they got to me.

They were on the table for a while, and then they got consumed by the ever-present mess, and now, I think I may have thrown them away with the recycling.

I do a periodic clean-up of all the accumulated stuff on the table – magazines, appeals for donations, things I think I am interested in for the moment., etc.

Regardless, Ampex was good to me, I wish I could treat myself as well.

Finally, THANKS MAYA – love those train pics, I remember them from the days on the other, other site – Dr. whomever, who deleted stuff he didn’t approve of.

Let’s hope this new spot will bring back that old original renegade bunch who struck out from the clutches of the evil Dr. V (?) to have opinions and thoughts aired in the bright desert light.

 

Posted by larryc @ 19:23 on July 21, 2014  

wj Sorry, I was a little abrupt.  But this back and forth stuff makes EVERYBODY look smaller.

larry —

Posted by WANKA @ 19:18 on July 21, 2014  

wanka rests his case. best wj

W J, FGC

Posted by larryc @ 19:15 on July 21, 2014  

I am sure I and others would pay money just to get the two of you to Shut T F Up!

Can’t you take this off line??????
wj

Wanka

Posted by Fullgoldcrown @ 19:15 on July 21, 2014  

 

I asked and the answer is no we don’t have anything past 12 months

 

Did you keep them

maya but but but you caught it a little ways

Posted by WANKA @ 19:15 on July 21, 2014  

down the tracks because silver was flat and the train hardly moved. 🙂 best wj

fully 18:48……2400 on the existing contract of its day with a 600 increase

Posted by WANKA @ 19:11 on July 21, 2014  

on the new contract making it 3003 and cancelling the old contract leaving an 840 prepaid credit towards the new contract of 3003. gads perhaps i’m speaking broken english if so sorry.
and yes the webilizers go back one year to date but surely your partner has the statistics in some hard drive somewhere in cyber world being such and expert and spending so many hours even at 10 and hour we would owe him hundreds of thousdands of dollars. isn’t that what you said? so i’m sure he has the webilizer stats somewhere since i can only work off my memory on the one point of 1/4 to 3/4 rounded. wj

july 21 2014

Posted by ment17 @ 19:10 on July 21, 2014  

time marches  on .. with out a doubt we can no more stop time as we could scoop the ocean with a tea spoon

 

ment

Russian Foreign ministry has serious questions for Ukraine about MH17

Posted by Maya @ 19:09 on July 21, 2014  

https://tinyurl.com/nr3ysow

 

 

Wanka

Posted by Fullgoldcrown @ 19:03 on July 21, 2014  

It is now July 2014

the webalizer goes back only 12 months

May 2013 is more than 12 months ago

Silver Train

Posted by Maya @ 19:02 on July 21, 2014  

(Blush!)  I missed the train this morning!

…it’s Monday.  🙁

http://www.railpictures.net/viewphoto.php?id=459548

Aushux … check your email

Posted by ipso facto @ 19:00 on July 21, 2014  

I sent you a new PW but the email got kicked back.

fully or better yet

Posted by WANKA @ 18:59 on July 21, 2014  

just simply use the month of may 2013 to make a comparison between the two. that is when the upgraded server began its usage under the new contract of which the pp had an 840 paid credit applied to it. wj

edit: i’m sure audept the webmaster can find back statistics.

Mr Goldbug 17:18

Posted by Fullgoldcrown @ 18:58 on July 21, 2014  

Beautiful

 

thanks

Wanka

Posted by Fullgoldcrown @ 18:48 on July 21, 2014  

No I cant ..I just checked

the webalizers go back 12 months only

 

……edit

 

regarding

the increase was 600 dollars since 2400 had already been paid by the pp members for the contract then in place in may 2013

agree but we paid $2200 not $600

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.