in “old Chicago”–when most of the buildings/infrastructure of the 1880s thru the 1950s was still intact
Smells Like….A Sting
Reckon most folks would not call being in the PM’s a great investment idea with all the manipulation (proven beyond any reasonable doubt). Kinda like playing cards against a stacked deck with the bankers running their paper games. After watching the PM markets for nearly 15 years the past few have not acted like ‘normal’ markets. Have not reacted in ways I would have thought with the Trillions printed, a very unstable Middle East ( worst in 3 years), continuing news of bank failures, the list is long for the reasons for Gold and Silver should be at higher prices. Something just don’t smell right these days. Don’t feel like right.
The movie ‘The Sting’ comes to mind. Great flick and wonder if someone (??) somegroup (??) is beating down the PM’s as part of some Great Gold Sting coming to a computer trading screen near you. Just so much unknown to the most of us. What is really going on? What is going on behind the scenes? Two more questions come to mind.
Germany asked for their gold. We told em no. They said “ok’. So what did ‘we’ tell them to get them to drop their request so quickly?
Did we offer them (fill in the blank) instead of the gold and they gladly accepted ?
What about China, so what if we default on their trillion plus in Treasuries. I bet if we told China that they could have those seas near Japan with their oil fields without any US resistance. I think China would be happy. Heck, we might even throw in Japan.
I dunno, don’t have a clue, just trying to read the ‘poker table’ of the markets, and there are plenty of shifty eyes, nervous coughs, and I wonder who is holding the winning hand ? And I get the idea that this ‘game’ is nearing its end. Might be a good idea to stack a few more ounces while we can. Something has to give shortly I would think. And holding some tangible gold and silver in hand just might put us on the winning side.
Thoughts of an ole Farmboy who has learned to trust a crooked used car dealer more than I do these markets these days.
Best to all, and Good Luck ! Farmboy
commish @ 13:36 Head of horns
Thanks, that’s the first honest thing I’ve ever seen of that illegal alien impostor treasonous impeachable lying impersonator that is in his second term as president. UNBELIEVABLE!
China Resists Reciprocating, They Don’t Want To Contribute, They Want To Lock In Their Gains
part:
“The U.S. Chamber of Commerce, the U.S. China Business Council, the European Union Chamber of Commerce in China and the American Chamber of Commerce in China all lodged complaints within the last few weeks.
The U.S. Chamber said in a report released on Monday that China’s use of its six-year-old antimonopoly law has been subjective and that enforcement agencies have skewed its implementation to favor China’s own industrial policy and local companies. It said that discrimination “arguably violates commitments that China undertook when it acceded to the World Trade Organization.”
Comment:
The western leaders sold us out at the beginning of globalization. The alleged plan was China would eventually get wealthy enough with our western manufacturing jobs, and then RECPRICATE.
So far it looks like the Chinese leaders do NOT want to sacrifice their people. Will they succeed? Maybe not. None of our leaders did.
Oil And Gold
Its possible the managers of the economy want to bash heating oil down as much as possible before winter sets in in the North east. Naturally Gold goes down with Oil inverse the dopey/dollar.
They don’t NEED oil to rocket higher from an already high base. So it makes sense to get the base price lower. Let it go up from a lower base. many factories and homes are still burning diesel #2 for heat.
So far a lower low on heating oil this year than last years low. Check out where 2013 heating Oil lows are last year. Gold not making a lower low than last year. So far. Gold and heating oil went up together in Jan and Feb the coldest months.
The Federal Reserve and their dirtbag bankers
are in deep shite when interest rates have to move upwards. How much lower can they go below 0% again? Losers. Oh and there’s no inflation either. wink wink
Anybody buying? Like I said…gold looks like it is trying to make some kind of bottom-G&S
look hopeless and friendless–as my good buddy Don Wolanchuk always said “hopeless” is usually a bottom…I’m hearing Goldmans call for $1000 and some calls even lower-around $800–last time I heard them was the $1180 bottom…
Harvey Organ doesn’t quite get it…the US/London did possess the leased gold
It was a paper shuffle mostly while dribs and drabs (current production) of physical went to China.
The west’s plan all along to enforce the Petrodollar was to confiscate back all the leased gold they retained in possession but not legally theirs.
Now the US is refusing to give Germany their gold and the west begins to eat their own…
The crux of the financial portion of petrodollar hegemony that has the world currently in flux.
re If the NWO doesn’t like it then I’m for it>>Me Too Ipso
re part:
“The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer union based on shared values and ideals.”
Comment: The media left out the most important word…WEALTH.
S/B The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer union based on shared >>WEALTH<< values and ideals.
Harvey Organ
He has to say everything is going to collapse by December 2014 or everyone would stop listening to him including himself. He has been saying this stuff for years. Of course, one of these years he might be right. And it could be December 2014. 🙂
Scotland
I suspect has had enough of Liberals running UK Finances.The more conservative Scots may be just what we need to change LONDONS Paper Driven “leadership”. I don’t think the Scots were very happy with “BrownsBottom” antics…You Go SCOTLAND !
Scotland may be the SOLUTION MR SOROS ! not a problem !
If the NWO doesn’t like it then I’m for it
George Soros Warns “This Is The Worst Possible Time” For Scottish Independence
Authored by George Soros, originally posted Op-Ed at The FT,
This is the worst possible time for Britain to consider leaving the EU – or for Scotland to break with Britain.
The EU is an unfinished project of European states that have sacrificed part of their sovereignty to form an ever-closer union based on shared values and ideals. Those shared values are under attack on multiple fronts. Russia’s undeclared war against Ukraine is perhaps the most immediate example but it is by no means the only one. Resurgent nationalism and illiberal democracy are on the rise within Europe, at its borders and around the globe.
Reactions in the Arab world to Obama’s new ISIS policy
Middle Eastern commentators have reacted to US President Barack Obama’s new strategy for dealing with the Islamic State (IS) militants with opinions ranging from praise to suspicion and scepticism.
Iraqi pro-government TV reported in positive tones on Mr Obama’s speech, in which he said the US will lead a broad coalition against IS militants, who have seized large swathes of Iraqi and Syrian territory. Syrian TV criticised the strategy for excluding Damascus from the coalition.
Newspaper commentators wondered who will be pressured into providing ground forces, while others suggested Mr Obama has underestimated the task that lies ahead.
Here is a flavour of the reactions in some of the region’s media:
Syrian state TV
Obama’s strategy against the Islamic State exposes Washington’s lack of seriousness regarding combating terrorism, as it fights against only one group while arming others.
Iraqi Al-Iraqiyah TV
US President Barack Obama said that IS gangs constitute a terrorist organization that has no vision other than killing whoever stands in its way with unprecedented violence.
Seyyed Reza Akrami in Iran’s Mardom Salari
Iran has become the flag bearer for the fight against terrorism… Obama is explicitly saying that Daesh (the Islamic State) – not Iran – is a threat for the region.
Ahmad Kazemzadeh in Iran’s Javan
The new Western coalition has been created to allow members to achieve their own goals:… expanding Nato’s borders into new areas like the Gulf and the Indian subcontinent,… overthrowing the Syrian government and challenging Russia.
Editorial in Palestinian newspaper Al-Quds
The military confrontation with the Islamic State will only escalate the problem, and ultimately no-one will be able to resolve it.
Ala-al-Din Abu Zyna in Jordan’s Al-Ghad daily
Obama repeated what former US President George W Bush did 13 years ago… talking of the war between the civilized West and the backward Islam… They should leave us alone.
Editorial in London-based Al-Quds Al-Arabi
The world held its breath yesterday evening… as it listened to US President Barack Obama announce his strategy to “weaken and destroy Daesh (IS)”. It won’t be easy.
Fayiz Sarah in Saudi-owned Al-Sharq al-Awsat
For the war on terrorism and extremism which is represented by Daesh to succeed, it should include the regime of [Syrian President Bashar] al-Assad.
Orly Azoulay in Israel’s Yediot Aharonot
The war that will be attributed to him [Obama] is a war against evil, cruelty, and extremism, and intended to react to the Islamic State which spat in the face of the American nation by executing some of its citizens.
Ibrahim Karagul in Turkey’s Yeni Safak
We know that those who say no operation against IS can succeed without Turkey actually mean Turkish ground forces.
Ibrahim Kiras in Turkey’s Star
One shouldn’t forget that the USA, by hitting the IS, will anger the Sunni Arabs.
eeos: 08:28 Silver
Such a tiny market, paper games.
Why isnt Eric Sprott or any other Billionaire finishing this paper game RIGHT NOW. Prolly cause they are playing both sides and are in on the rig. All we can do is stack and hope fundamentals play out in our favour long term.
Winedoc
Nice catch ment
“From September 1, 2011 to the present, 621 out of the 744 6:00 PM access trade opens have been lower. All manipulation denialists take note: that’s an astounding 83.5%.”
No manipulation there, just normal market action.
Kinda like the SM over 1100 days without a 10% correction. This will all end badly.
America Is On The Verge Of Losing Its Place In The World As No. 1
The U.S. economy is the largest economy in the world.
But it wasn’t always the largest.
And it’s unlikely to remain the largest economy for much longer.
The chart above comes to us via Deutsche Bank’s Jim Reid.
“As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip,” Reid writes in a new note to clients. “America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to do with the actions of the US but rather with the unraveling of a century’s long economic anomaly. China has begun to return to the position in the global economy it occupied for millennia before the industrial revolution.”
One look at the chart and it’s pretty clear that it may not be very long before we start saying the U.S. is No. 2.
“Based on current trends China’s economy will overtake America’s in purchasing power terms within the next few years,” Reid continued. “The US is now no longer the world’s sole economic superpower and indeed its share of world output (on a PPP basis) has slipped below the 20% level which we have seen was a useful sign historically of a single dominant economic superpower. In economic terms we already live in a bi-polar world. Between them the US and China today control over a third of world output (on a PPP basis).”
Reid offered this prescient quote from Napoleon Bonaparte: “Let China sleep, for when she awakes, she will shake the world.”
Read more: http://www.businessinsider.com/chart-rise-and-fall-of-modern-empires-2014-9#ixzz3D0rt8mat
Nice hit for Decade
Decade Resources Ltd. – 39.43 g/t gold over 12.66 m intersected in second discovery zone
http://finance.yahoo.com/news/decade-resources-ltd-39-43-130000561.html
and about Gold and Silver
Janet and friends, if you’re going to smash the metals, let’s at least pretend by allowing the dollar the rise. It can’t just sit there doofuses
good morning Winedoc
the problem is that even when we go lower, premiums keep rising. At the low last year, premiums on Silver Eagles at ColoradoGold was around 25%. So the market price is a scam. The best way to punish the bankers is the buy a Silver Contract and take delivery of 5 lumpy 1000 ounce bars. Then trade them to dealers for smaller bars. It only take you and 4 other smart people to accomplish this feat. Hard part is getting Dunn Barr or Brinks to deliver, so I’d bring guns and just pick them up. Safest way I know that’s cheap
Coffee Time: Bottom in Silver ??
At what price will coin shops/Kitco take it off the shelf ??
It’s happened before, and we could go a lot lower ………. trying to raise some cash ………
Morning Friends
Winedoc