May as well enjoy the outdoors and clean up the leaves

Best Regards

Winedoc

I toldja…bull mkts start ragged and divergent-is this the start? Am I being faked out cause I don’t like silver up only 4 cents with gold up 9.30 and JNUG up 14.5% ?? It’s just not kosher….

What am I grousing about?  Why not just kick back and enjoy…

the fundamentals are so very good …large buying .. but tomorrow the metals will probably go down …as the machines will rule ..keep the riff raft at arms length .. give them no outlet .. but to sniff glue and obsess on obola.. the markets order will be contained .. and all is well in the land of the free home of the brave

There’s certainly blood all over the overburdened back roads of the Bakken play all of a sudden, where $88-a-barrel shale oil doesn’t even allow you to pretend that you’ve got a profitable venture going. The shale oil fairy tale has been at the center of a matrix of lies America has been telling itself about its economic meth buzz. Saudi America and all that malarkey, all in the service of America’s master wish of all wishes: please Lord, let us keep driving to Wal Mart forever.

Speaking of dreams and dreamers, that was a pretty shabby one. But here we are now up against one of the master facts of the day: our world faces epic, desperate demographic shifts as regions of it are proving to be very unfriendly to human habitation. How long do we pretend that all the refugees are welcome to come here, bleeding from their eyes and noses, as their dreams of laying sod for $6-an-hour or slaughtering chickens for the greater glory of Colonel Sanders collide with the diminishing returns of yet another Elon Musk sales pitch for the blessed denizens of Palo Alto aspiring to Godhood. I, for one, doubt that there’s enough room for all of us in that much dreamed-of for-profit spacecraft soon to carry us to worlds where the black swan’s wings have never cast a shadow.

http://news.nationalpost.com/2014/10/12/man-mauled-by-b-c-grizzly-bear-and-shot-by-hunting-partner-trying-to-rescue-him/

After the 911 market shutdown I had some questions regarding stock options. Here is the scenario: You have invested in various options and there is a systemic collapse along with an EXTENDED market shutdown. Eventually, months later the markets re-open. How are the pricing of your option affected. Say that you had only weeks to go until your option positions expired but, the markets stayed shut for months. Any takers on this scenario. I spent some time with the respective authorities on this question. Still not sure about the answers  (hint: answers are in the plural) but, I did get at least a few of them. Some answered me saying they had never considered that scenario and didn’t have a clue. Any Takers???

or shorting jnug would do the trick, too…just a trade….this is not some major new stance/position

click pic to enlarge

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2014/10/11_Dr._Paul_Craig_Roberts.html

Heavy Metals in Atmosphere, Autism, ADD & Illness……4:47 minutes

http://www.youtube.com/watch?feature=player_embedded&v=WnaGGDt_CQ8

While demand for U.S. oil products slightly declined (or remained steady) from 2009 to 2013, this was the opposite for gold and silver.  Let’s first look at gold.  Here is a five-year gold price chart:

We can see gold’s trend line is similar to the price of Brent crude until the end of 2012 when the price of oil remained steady, gold declined precipitously.

The next chart is total global gold demand.  From 2009, total global gold demand increased from 3,493 mt (metric tons) in 2009, to a peak of 4,582 mt in 2011, and then a small decline to 4,416 mt in 2012.  2013 is a strange year because of the huge withdrawal of gold from ETF stocks.  According to the World Gold Council, a net 881 mt of gold was withdrawn from ETFs in 2013.

Many in the precious metal community speculated that the massive draw-down of Gold ETFs, was due to a shortage caused by huge demand coming from the EAST (China) after the price take-down in the beginning of 2013.  Supposedly, the Banking Cartel did not have the physical gold to deliver into the market, so it raided the only available stocks found in the Gold ETFs.

If we assume this was true, then it only makes sense to add this 881 mt figure to the net total of 3,756 mt published by the World Gold Council in 2013 for a grand total of 4,637 mt in global gold demand.

According to the Silver Institute’s figures, total global silver supply was 978 million oz, while total demand was 1,091 million oz (including 10 mt of ETF and Exchange build).  Where did the market find 113 million oz of silver to supplement the shortfall?

This is the TRILLION DOLLAR question.

Matter-a-fact, the total annual deficits from 2009 to 2013 equaled a staggering 372 million oz.  Who supplied 372 million oz to meet this silver demand?  I believe this came from what is known as “Implied Unreported Stocks” that were over 2 billion oz in 1990 (data from CPM Group’s 2014 Silver Yearbook).  This 2+ billion oz went to supplement the annual silver deficits over the past 3 decades. 

According to data provided by CPM Group’s 2014 Silver Yearbook, that 2+ billion oz of Implied Unreported Silver Stocks are now nearly totally wiped out.  I believe most of that silver went to feed the annual deficits and some made its way into the Silver ETFs.

Investors must realize that the Fiat Monetary Authorities will allow the price of oil to remain high because it is the foundation to economic activity and growth.  The Banking Cartel’s main focus in the oil market isn’t to manipulate oil prices higher to make profits, rather to allow HIGH COST oil to flow into the market.  And… high cost oil are Shale Oil and Tar Sands.

Without these two sources of expensive unconventional oil, Global GDP growth would have peaked and declined years ago.  Thus, putting a real KIBOSH in their control of the fragile fiat monetary system.. which needs a growing oil supply to survive.

The Banking Cartel needs to keep investors away from buying gold and silver because they are the BLINKING RED LIGHT that indicates something is very wrong with the financial system.  To keep the public and investor demand limited in gold and silver, the Banking Cartel is using price suppression tactics, including negative press via the financial networks.

Read more and see charts

Gresham’s law: “When a government overvalues one type of money and undervalues another, the undervalued money will leave the country…Good money is hoarded & disappears while overvalued money floods into circulation.”Bad money drives out good”

President Obama called no emergency meeting when he learned that JPMorgan and 15 other of the world’s largest banks had rigged LIBOR for years – distorting the prices on over $300 trillion in transactions.  He called no emergency meeting when he learned that JPMorgan and over 20 other huge lenders fraudulently sold Fannie and Freddie hundreds of billions of dollars in toxic mortgages.  Same non-result when JPMorgan and a dozen huge banks rigged bids on the issuance of municipal debt to rip off hundreds of government entities.  Same non-result when the big banks filed hundreds of thousands of fraudulent affidavits in order to foreclose on homeowners illegally.  Same nothing when he learned that over 20 huge lenders made the Office of the Comptroller of the Currency’s (OCC) list as the “worst of the worst” lenders and that Attorney General Eric Holder refused to prosecute any of their senior bank officers who led the frauds.  Same nothing when he learned that our home mortgage lenders had created “an open invitation to fraud” through making millions of fraudulent liar’s loans.  Another big nothing when Obama learned that the same banks controlled by fraudulent officers had deliberately created a “Gresham’s” dynamic by blacklisting honest appraisers who refused to inflate appraisals. Read more

Makes me wonder if the “great real estate rebound” has lost it’s steam?

As I did in 2000 and 2007, I feel obligated to state an expectation that only seems like a bizarre assertion because the financial memory is just as short as the popular understanding of valuation is superficial: I view the stock market as likely to lose more than half of its value from its recent high to its ultimate low in this market cycle.

…

At present, however, market conditions couple valuations that are more than double pre-bubble norms (on historically reliable measures) with clear deterioration in market internals and our measures of trend uniformity. None of these factors provide support for the market here. In my view, speculators are dancing without a floor.

http://theeconomiccollapseblog.com/archives/financial-trouble-is-already-erupting-in-germany-and-japan

Nice to see the SM down and HUI up. The world as it should be. Muy bueno!

But-overall–the action is well contained-and stinks

I was just curious whether there were any adjectives or other words in there that were special signals or clues of what is going on in the trading world. I wish you a good day, and I will return to being a patient watcher of the market shenanigans.

Well !!!

Actually nothing that you do not know already.

That is:

If a Day Trader, you have to be on your toes all the time. it is not a “romantic” adventure. You have to know more and earlier of important market news. But even then…. you will probably not make any substantial money!!  Work long hours…. and between… sweat alot:

Can not say this is rocket science… or what you say…???

NEMO

The Nevada gold-mining industry is keeping its ear carefully tuned to what residents think of the state’s mining tax.

In November Nevada residents will be asked to vote on whether to remove a mining-tax cap from the Nevada constitution, which stipulates that the mining industry will pay no more than 5 percent tax on the net proceeds of minerals. If voters reject the 5 percent provision, the state legislature could impose whatever tax rate it pleases.

Proponents of the ballot measure say the industry has a sweetheart deal that keeps the industry from paying its fair share. Opponents say removing the cap will open the door to increased taxes, which could discourage investment and kill jobs. The latter group feels that now is an especially bad time to be imposing more costs on the industry, when the gold price is in a slump.

more http://www.mining.com/nevada-residents-to-decide-fate-of-mining-tax-77408/

Thus we can also imagine some conference calls being made this weekend to coordinate intervention on whatever scale is necessary.

If central banks have learned anything since 2008, it’s that waiting around for the panic to deepen is not a winning strategy.

We can also ponder the psychological consequences of the vast expansion of intervention. Where prior to 2008 the Fed and other central state players might have viewed $10 billion as a major intervention, what do you think whatever it takes is now? Do you really think $1 trillion would give those in charge pause? Since we’re talking about propping up a $160+ trillion edifice ($80 trillion of assets in the U.S. alone), what’s a trillion or two between pals?

Some observers think it bearish that no central bank has stepped up and announced a new easing program. I reckon the central banks have fully grasped that the public is now skeptical of PR campaigns, and so the smart move is to avoid public jawboning in favor of buying the assets directly, in whatever quantities are deemed necessary.

Put yourself in their shoes. Isn’t this what you would do, given the dearth of alternatives and the very real risks of implosion? Anyone in their position with the tools at hand would not have any other real option other than to buy stocks in whatever quantity is needed to reverse the selling and blow the shorts out of the water.

If $1 trillion doesn’t do the job, make it $3 trillion, or $5 trillion. At this point, it doesn’t really matter, does it?

http://www.zerohedge.com/news/2014-10-13/will-fed-let-stock-market-crash-election

Even though Islamic State militants in Syria have no aircraft to speak of, the US’s top military commander says establishing a no-fly zone may be part of the campaign. Such a move is what US allies, including Turkey, have been pressing for.

The possible establishment of a no-fly zone over northern Syria was hinted at by Chair of the Joint Chiefs of Staff General Martin Dempsey.

“Do I anticipate that there could be circumstances in the future where that would be part of the campaign? Yeah,” he told ABC’s This Week program.

The general also warned that IS are better than ever at blending in with the population and hiding from coalition attacks

“An enemy adapts and they’ll be harder to target. Yeah, they know how to maneuver and how to use populations and concealment,” he said.

US Secretary of Defense Chuck Hagel earlier hinted a no-fly zone in Syria, as per Ankara’s request, was on the cards.

“We’ve discussed all these possibilities and will continue to talk about what the Turks believe they will require,” The New York Times reported him as saying.

more http://rt.com/news/195420-syria-no-fly-zone/

Submitted by cpowell on 07:27PM ET Sunday, October 12, 2014. Section: Daily Dispatches
10:31p ET Sunday, October 12, 2014

Dear Friend of GATA and Gold:

Financial letter writer Marc Faber made on Friday what likely will be his last appearance on Business News Network in Canada — not because of failing health or retirement but because he declared that the monetary metals markets are manipulated.

As soon as Faber made his declaration on BNN’s “Business Day” program, moderator Frances Horodelski cut him off, asserting that time had run out.

Horodelski asked Faber if gold would reverse upward with other commodities when the U.S. dollar falls. Faber replied: “Precious metals can still go lower, because, as some knowledgeable people have proven, the markets are manipulated. But I don’t think they will stay low. I think they may go lower temporarily and then rebound strongly, and if I were a reader, I would no longer trust central banks, and [instead] say, ‘I want to be my own central bank and have some gold and silver stored in a safe place, certainly not in the U.S.”

BNN’s likely final interview with Faber is 9 minutes and 22 seconds long, with the comments about gold and silver market manipulation coming at the 8:15 mark. Until BNN takes it down, it can be watched at the network’s Internet site here:

http://www.bnn.ca/Video/player.aspx?vid=464264

if gold can come back from that and make new highs…then the action must be deemed bullish…let’s keep out cajones crossed!

Who knows, maybe we can build on some gains for a change?

Can’t figure out whether pm’s go inverse the USD or the SM.

One thing, I’m becoming more and more convinced is that silver is the banksters Achilles Heel.