AS o.s. as gold is, any disappointment could spark a rally–highly doubtful the jobs # will be a surprise to the upside but a weak report would be…but screw it…as if any fundamentals mattered for more than 5 minutes

Armstrong commented on Poloz work for free comment.
Something can be said for volunteering but in politicians case who have lost all touch with humanity or never had it in the first place and their sense of entitlement this is their answer to the problems they caused?
Has it ever occurred to them that the jobs are just not there and they are the reason. Their answer. Let them eat cake.

Armstrong commented.
What is seriously being overlooked here around the world politically is we are dealing with a revolution of the youth as a consequence of the collapse in Marxism. Pictured above is Bank of Canada Governor Stephen Poloz who has amazingly stated that the rising unemployment among the youth who are living in their parent’s basements, should just consider working for free. That’s right! Adult children stuck in their parents’ basements should take unpaid work to bolster resumes as they wait for the recovery to take hold, which does not appear to be until about 2020.

The Bank of Canada estimates about 200,000 young people want to work or work more in Canada, but this seems to be an under-estimation. Poloz actually said that they may be scarred by prolonged unemployment that prevents them from moving out on their own.
Here in lies the crisis and it is the product of Marxist-Socialism and raising the taxes on the hated “rich” who create the jobs, yet the average person pictures Warren Buffet not the owner of the local store selling bread and milk. Small business creates 70% of the work force – not the big corporations that banks and politicians cater toward these days. They keep raising taxes on small business preventing people from trying to expand or start a business and the tax revenues go only in the pockets of politicians – they do not lower taxes for the middle class. Great slogans that the rich should give back, but the problem is it goes nowhere but to fund the pensions of government workers – nothing to lower the taxes on the lower classes.

More and more people among the youth do not identify themselves as a member of ANY political party. The older generations still read newspapers. The younger generation read the internet. They are LESS LIKELY to vote along party lines and this is the real key to the political revolution brewing in the wind everywhere from Asia (i.e. Hong Kong) to Europe (i.e. Scotland).
And more

Youth Should Work For Free – Bank of Canada Recommends

Yes, “this too will pass”

Might even pass before the end of the day. No one wants to jump into gold ahead of a Friday Job Report.

Can’t say I blame them.

JDST=33.33  Change -6.46 -16.23%

Don’t cry for me Argentina

This too will pass…

“Saudis Have Good Reason To Be Concerned” Warns Ex-CIA Officer, As ISIS Enters World’s Largest Oil Exporter

Submitted by Tyler Durden on 11/06/2014 11:38 -0500

Iraq Newspaper Saudi Arabia

For the longest time there has been speculation whether Jihadist forces, be they ISIS, Nusra or other regional groups, had managed to spread beyond the Iraq conflict zone and infiltrate the world’s oil mecca: Saudi Arabia. We now know the answer: according to Bloomberg, a Saudi citizen suspected of organizing the attack on Shiite worshipers in the oil-rich Eastern Province returned from fighting in Iraq and Syria, according to Saudi-owned newspapers. In short, ISIS has arrived in the world’s largest oil exporter, which begs the question: was yesterday’s news of an oil pipeline explosion, quickly downplayed by Saudi sources as “maintenance-related”, in fact what most assumed at first, namely an act of sabotage? And how long until the next “planned maintenance” pipeline explosion?

is all about nothing

the gold movement is hard to move up .. down this is a matter of a tick of the dump.. as many as it takes .. like 8 billion tons lol of paper just waiting to block the gold complex. the algos do not know the difference they just respond to the impersonal forces of the gold fix

Gold shortages and negative GOFO rates and Ukraine war.

The paper kings are keeping the gold price barely positive, and starting to drip sell the shares.

Gold is up 4% though – in Rubles.

hoping to find a positive take on gold.. but the truth be known all the sites are just struggling to understand what they do not know .. and that is the bottom

Author Dent: Dow Will Climb to 17,000, Then Crash to 6,000

Wednesday, 05 Mar 2014 07:30 AM

By Dan Weil

Share:
Get Short Link | Comment | Contact Us | Print | A A

The Dow Jones Industrial Average will probably reach 17,000 within the next few weeks and then enter a horrific downturn that will take it to 6,000 by 2016, says financial author Harry Dent.

A move to 17,000 would represent a 3.6 percent increase from Tuesday’s close of 16,396, and then a move to 6,000 would represent a 63 percent plunge.

Special: IRS Insider Confesses . . .
“I think we see another correction, crash, that is larger than the last one,” Dent tells CNBC. “Every bubble — and these are bubbles — has taken us to new highs, and every crash has taken us to new lows. . . . I think this will be the most dangerous period in people’s lives in investing.”

lower.as per usual the dollar is a mill stone on its own neck .. the stronger of the dead currencies needing fiat to prop them up.. kick the can…

“To succeed, we must inspire, educate and remove obstacles to participation. Only by changing our political environment and broadening the universe of the electorate can we build a strong sense of community and an economy that works for everyone,” she said.

When end she’s really saying she isn’t finished yet because??

” To succeed, we must threaten, dictate, and remove competition to participation. Only by changing our political environment to socialism  and broadening the dictatorship government can we build a strong sense of  marksism and and economy that works for the 1% ???

06 November 2014

Eldorado Gold Corp (TSE:ELD) stock was a rare winner in the sector on Wednesday, gaining 4% into the teeth of fresh falls in the gold price.

The gains for the $4.3 billion Vancouver-based company came after it was revealed that a handful of Chinese miners, including the country’s largest, China National Gold, are interested in picking up its three operating mines in China.

The mines which produce roughly 300,000oz/year could fetch as much as $1.5 billion ahead of a proposed listing of Eldorado’s Chinese assets in Hong Kong that could raise $250 million.

Chinese bidders line up for Eldorado Gold mines

Continued weak bullion may derail Kinross Tasiast mine expansion

http://www.miningweekly.com/article/continued-weak-bullion-may-derail-kinross-tasiast-mine-expansion-2014-11-06

I can smell the diesel from here … that’s the smell of the Russian tanks as they turn around and head for the border …

Great idea lets send both of them over there!

Wanka … “glass armor” that’s the ticket!

Ukraine Begins “Large-Scale” Offensive In Donetsk; “War Has Resumed” Rebel Leader Warns; Russian Stocks, Currency Crashing

Mario Draghi’s efforts to save EMU have hit the Berlin Wall

Mario Draghi has finally overplayed his hand. He tried to bounce the European Central Bank into €1 trillion of stimulus without the acquiescence of Europe’s creditor bloc or the political assent of Germany.

The counter-attack is in full swing. The Frankfurter Allgemeine talks of a “palace coup”, the German boulevard press of a “Putsch”. I write before knowing the outcome of the ECB’s pre-meeting dinner on Wednesday night, but a blizzard of leaks points to an ugly showdown between Mr Draghi and Bundesbank chief Jens Weidmann.

They are at daggers drawn. Mr Draghi is accused of withholding key documents from the ECB’s two German members, lest they use them in their guerrilla campaign to head off quantitative easing. This includes Sabine Lautenschlager, Germany’s enforcer on the six-man executive board, and an open foe of QE.

The chemistry is unrecognisable from July 2012, when Mr Draghi was working hand-in-glove with Ms Lautenschlager’s predecessor, Jorg Asmussen, an Italian speaker and Left-leaning Social Democrat. Together they cooked up the “do-whatever-it-takes” rescue plan for Italy and Spain (OMT). That is why it worked.

We now learn from a Reuters report that Mr Draghi defied an explicit order from the governing council when he seemingly promised to boost the ECB’s balance sheet by €1 trillion. He also jumped the gun with a speech in Jackson Hole, giving the very strong impression that the ECB was alarmed by the collapse of the so-called five-year/five-year swap rate and would therefore respond with overpowering force. He had no clearance for this.

more http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11211973/Mario-Draghis-efforts-to-save-EMU-have-hit-the-Berlin-Wall.html

What is Putin going to do about it?

Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001

Submitted by Tyler Durden on 11/06/2014 09:37 -0500

The last time there was an systemic physical gold shortage was in July 2013. It is then that, for the first time in 5 years, the 1-month Gold forward offered rate, or GOFO, went negative. We said:

Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time in nearly 5 years, or technically since just after the Lehman bankruptcy precipitated AIG bailout in November 2011. And if one looks at the 3 Month GOFO, which also turned shockingly negative overnight from 0.05% to -0.03%, one has to go back all the way to the 1999 Washington Agreement on gold, to find the last time that particular GOFO rate was negative.

http://www.zerohedge.com/news/2014-11-06/physical-gold-shortage-worst-over-decade-gofo-rate-tumbles-most-negative-2001

 

Yeah we’ll have to see how this shakes out. Maybe Obama has figured out he’s not really the king.

We should send McCain over there to Kobane and put a rifle in his hand.

President Barack Obama’s decision to seek authorization for the battle against Islamic State extremists will test the ability of a divided Congress to agree on a war strategy for Iraq and Syria.

After insisting for months that he has all the authority he needs to launch the airstrikes already under way against the radical Sunni group, Obama reversed course and called for a new authorization for the use of military force a day after his party lost control of the Senate.

“The world needs to know we are united behind this effort and the men and women of our military deserve our clear and unified support,” Obama said yesterday at a White House news conference.

more http://www.bloomberg.com/news/2014-11-05/obama-to-seek-new-authorization-for-islamic-state-fight.html

with the $ up strongly–and G&S futs still in the red albeit just a tad…the days’ high is in–we can all go home and open up a can of Dinty Moore’s Beef Stew

Asanko Gold Mine Construction Update

http://finance.yahoo.com/news/asanko-gold-mine-construction-120000053.html

Argonaut Gold Announces Third Quarter 2014 Revenue of $37.3M, $8.7M in Cash Flow from Operations Before Changes in Non-Cash Operating Working Capital and Other Items

http://finance.yahoo.com/news/argonaut-gold-announces-third-quarter-123000289.html

Midway Advances toward First Gold Pour at Pan

http://finance.yahoo.com/news/midway-advances-toward-first-gold-123000907.html

Richmont Mines Announces Continued Strong Quarterly Revenues and Operating Cash Flows in the Third Quarter of 2014

http://finance.yahoo.com/news/richmont-mines-announces-continued-strong-125900582.html