The situation, the way I see it, (if you are interested) #2 (FlyFish)
(Larry510) Jul 26, 18:08
On the northeast coast of the U.S. on occasion, we hear of a large storm, or hurricane, coming up from the tropics. It’s a slow moving storm, it’s a thousand miles away, the tides, wind and surf are already above normal, and it won’t be here for another week.

Naturally, when it gets here, (the calamity) it’s going to get a lot worse and hang around longer than normal. (FlyFish) It would not hurt to be liquid and mobile. In New York City there is the HSBC bank, they sell gold bullion, all you want, various forms.

You can open a money market account, and if the stuff starts hitting the fan, you can run down there as early as possible and withdraw gold, no waiting for a check to clear, and you won’t get better prices. If want to buy with cash, they say $2,500 per day max, but you can probably get around that.

Globalization Impact
(coffconn) Jul 26, 18:27
Larry510 I like the way you see it and agree. Anyone who has studied systems theory. ie theory of open and closed systems would find the whole current scenario wholly predictable and unfortunately leading eventually to entropy as at the end of the day our earth is a closed system apart from energy input from our sun.

The key (cause) to all this is communications originally roads and boats that allowed trade, specialization in production and then mutual dependence as opposed to independence. We now have mutual interdependence and lack of independence on a global scale and worsening every year!!!!

If interested in looking at systems theory check out Open Systems by biologist von Bertalanffy or management texts of 25 years ago by Kast & Rosenzweig. Management- A systems approach which I used with students in those days and forecast what we now see around us!!!

and I have been thinking about it for too many years

https://www.youtube.com/watch?v=dpWEv9Q0XQ4

and (sorry about the ad)

My daughter flew down from Chicago for the Holiday weekend.  I have a few number of valuable things some of which are not heavy.  You may recall my Spirit Box which I used for help in trading – maybe I need to ask those spirits again?  Anyway the point is I have many interesting things.

She told me:  “Dad, the only thing I insist upon having and please put it in your will – is your vinyl collection.  The rest I don’t care about.”

What is that you say about the apple and the tree?

aurum

Related post, I wrote this on 4/21/08:

Ecuador revokes 80% of mining concessions

“The country’s government, headed by President Rafael Correa, says it has taken the dramatic action to secure greater control of Ecuador’s natural resources and increase the amount of profit the mining sector contributes to the state.”

“Around 40 international mining companies operate in the country, contributing millions of dollars in investment to the mining economy.”

Comment:
To me its another sign that Globalization, (the Titanic) is failing. It’s turning into, all hands abandon ship, and every man (country) for himself.

Lets face it. Businessmen used to get away with owning slaves. Woman at one time were not allowed to vote or drive a car.

To me it’s the same thing with global minded or global focused business people. They may be losing their ability to “get away” with things, that they used to get away with.

When global businessmen justify or brag, that investing in a foreign country, will benefit the locals, in reality, they are investing to profit, FAR more than the locals will. The ability of throwing them a bone is waning.

Unfortunately, for global players, the foreign country’s locals are learning, like slaves, woman and minorities, that they want more, and don’t want to be taken advantage of anymore.

The few pm’s I had were mostly stopped out – yes I know I set my stops close and yes I know the 50 fib held today on GDXJ so I may well be wrong to be so cautious.  Still when I trade/invest and do well I increase my account funding – when I have struggled as this year I cut it.  Pretty soon I will have less trading/investing money than I used to use in poker night.  In the 20 years or so I have been doing this I have had one or two losing years and one was a big loss.  This year I am probably about flat and maybe I should let the year close out that way.

Anyway Barney and I went over to our favorite outdoor pub and he had his usual meatball dinner.  The sunset from there tonight was great.  I took photos of the outdoor seating but as there are friends in the photos I am reluctant to post.  Will get a photo next time of the seating area.

aurum

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/4_Louise_Yamada_On_Gold,_Silver,_Platinum,_Palladium_%26_Copper.html

Ouch….lOL

Front Page local paper today> “Cops Probe killing Of Pregnant Woman”….”GANG REVENGE” “They suspect she was targeted by MS-13 Gang Member as an informer sources say.

Comment:
Why is TPTB putting words in our mouths regarding the decades long growing problem in the Middle East? The problems for Americans are right here. These dirt bag gangs, and their drive by shootings.

That poor girl was sitting in her car in the driveway and some SLIME BAG pumped 6 rounds into her. And it could have been mistaken identity too. One time I heard a girl gang member, for MS-13 club initiation, went and knifed a wrong girl in a shopping mall because she had a red shirt on.

Its time for Americans to focus on more local killings and forget totally about the M/E until we clean house of scum right here.

Same religion that they claim insults Muslims this is too funny. Kerry says the bible says we should protect the Islamic states from global warming. Where? Lol show me where the bible talks about the global warming. Is that under false profits?

http://www.redflagnews.com/headlines/john-kerry-bible-commands-america-to-protect-islamic-countries-from-global-warming

On The Corbett Report

The Doublespeak Dictionary

I think they need another committee. We need another a lot of things. Keep these articles then when the kid next door talks about joining the service show them to him. Ask him if he really wants to risk his life for these idiots when it’s not going to make any difference for anyone else either? With the constitution under attack what’s to defend, these guys? They and their peace prize is a joke.

May she RIP. Another comic gone. Put things into perspective when I heard about  Robin Williams and now Joan dying. Make each day count even on a dismal G&S day!

and the frentic posts about Russia invading all B.S.

Obama is a Liar. Fake NATO Evidence. OSCE Confirms that No Russian Troops, No Tanks, have Crossed the Russia-Ukraine Border

Ecuador has announced it will begin to circulate electronic currency created by its central bank in December. This is the way of the future. They often take a country like this for the test case. Ecuador will begin the process and we will see it swing to the USA and Europe during the decline in the ECM after 2015.75. This is the way to the future.

Ecuador’s currency is effectively the US dollar. Ecuador is planning to take the first step toward abandoning the country’s existing currency, the U.S. dollar as people perceive the action. But this is a trial run for the USA since it will be a digital replacement that is going to emerge as a new electronic currency. Armstrong

Ps Same for prices in things we buy. Especially since not even made here. When I saw some of those prices for those little black dresses going for as high as 300 I think I’m glad I can sew and just zip one up even without a machine if I wasn’t one.  Now if I can learn to make shoes. Men can be just as creative with other things. People can throw a monkey wrench in their service job economy make things themselves and put made in USA on it. Same for those they hire. California a different subject. Pretty soon these idiots will have it succeeded from USA all together just for votes.

That is why one must view the chart to gauge which view will dominate. If Eurogold takes out the psychological and technical resistance level of 1000, then maybe we have something. For now, it is range bound.

The USDX has gained 5.5% since early May of this year and is currently working back to the top side of a more than two year long range trade. There is some light resistance near 84 with more formidable resistance near 85. If the Dollar breaks through both levels, one would have to say that a run to 88-89 is not out of the question.

The Daily chart shows a powerful uptrend underway. Simply put, it has become a matter of dueling economic performances. Traders are looking at the relative performance of the various nations/zones whose currencies comprise the USDX and compared those to that of the US and are voting in favor of the US.

This strength in the Dollar also tends to depress commodity prices in general. One thing that concerns me is that we are getting a surge higher in the Dollar at exactly the same time we are getting more and more confirmation of a bumper corn and bean crop. As a rising Dollar makes US grain/beans more expensive on the global market against our competition, prices may have to take into account the higher Dollar. Translation – foreign buyers of US grain may be waiting for prices to fall yet further than they otherwise would have to help offset the stronger greenback.

One last thing- this rise in the US Dollar is not going to make it any easier for gold to rise in price. In foreign currency terms, gold is doing okay, especially Eurogold but as said before here many times, it is geopolitical events supporting the metal.

As far as Europeans are concerned, an interest rate environment such as the ECB is creating, is a two-edged sword. On the one hand, it lowers the opportunity cost of holding gold since bonds there pay next to nothing and thus incentivizes ownership of gold. On the other hand, the stronger Dollar ( via weaker Euro) raises the price of the metal and thus makes it more expensive to buy and own.

http://www.traderdannorcini.blogspot.com

I look at it different. They could just raise prices  like everyone else but are making a (statement) and perhaps others should follow but will probably stand back. Only bad thing is that it makes the workers the target. Target should be these insurance companies as well as healthcare costs including pharmacies out of sight prices. I like Farmboys option though, if you didn’t vote for it shouldn’t have to pay for it. People should have their say including other things like war taxes, politicians raise taxes they didn’t vote for either.

If no serious injury to discs involved go to a chropractor maybe with a heat message table. I got hit by a car once and pain pills not much help hot cold only temp and wouldn’t help me sleep. I went there he put me in a table with a heat massage roller thing. After a few of those and I was cured when all doctor could do was prescribe pills. Some things were thrown out of place via X-ray  but major reason for stopping the pain with his work was that massager thing. If he wasn’t across town Id use him after some work days. But that was my case not yours.instead of just suffering you should get it checked out of don’t go away pretty soon.

And in spite of our differing views on things political. I would gladly show you my favorite spot down by the river on some moonlight nite.

Thought I had this back thing whupped, but I reckon not. Sure could us a back rub about now, even if you have left hands.

Think you just ought to go ahead and marry me. Don’t reckon we would ever get bored. 🙂

About to run out of pills and pain killer……guess I am in for a little ride shortly.

xo, Farmboy

d

The way prices have gone up I think many companies have already factored in Obama care their just not talking. Think they should but probably fear retaliation from these evil folk. Look what happened to GM management for voting republican vs workers union votes demo. Management lost their health care benefits.

I can only see Obama care helping the insurance companies and them get paid for forced health care which most will never use with out of pocket expenses 6-8k before they can ever use it not the first time won’t be the last . Ironically seemed to me most if the people who voted for these people were either uninformed esp immigrants and people who are sitting pretty on state or fed jobs who don’t need it or have to suffer the consequences themselves or even profit off it being state paid from the taxes of the private sector.  California lost Telsa but didn’t surprise me plus illegals would probably move in anyways and heard Texas a pro oil didn’t get it either.

Only 1/3 of one percent down for gold?? WHY? CRUDE’S FALLING!  The $ index is rising strongly! Stocks are THEE place to be, right-so who needs gold?

Today PM paper is dropping waaaay out of proportion to gold futs–this has always been a short term bottom–I will definitely take a pilot long position on any job report related loss in gold in the morning–might even buy a smidge before the close–and if I’m wrong tomorrow, I’ll just lie and say “I never done it”

remind me not to start another thread…farmboy hope your back is getting better…and yes folks farmboy and I tease each other..

but I am left handed and he is right hands…

and never the two should meet.

cheers

puptent

a while back, someone here had said something about AAU, I did a little research just to find out that is was NOT just a hole in the ground..with some Liar running the show! .. My daughters custodial accounts had no silver exposure  in them so i bought a meager 1000 shares for each of their accounts .. .. it is really hard to believe that i bought something, and it actually went up .. cause it usually works the other way around.