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He like my proctologist, nine holes in the morning and 9 more after lunch. Usually brown sugar back ribs…sticky fingers for sure (I think only winedoc will get the musical allegory).
GDX
GDX dropped from 19.70 to 17.70 (>10%) in ONE minute at end of day..
then good recovery to 19.25 in same minute..
Happy Hour: Hunting Trips and Car Parts ……….. Arrived from Fridays Plunge Purchase
I gotta say, ScotiaMocatta is fast and reliable. Any everything is newly minted.
I wonder if “UPS Steve ” is pondering ….. even a little bit about the car parts ?
He is German ……. and they like their precious metals……. Hmmm …….
A little shake shake here and there…….
No one says a word
As for J6P …….. I hardly waste my breath …….. even on my recent hunting trip after too much beer and wine ……..
the only “deer in the headlights” were my buddies, not owning a single ounce between them ……… saying gold is “risky” and sure to go much lower.
Onward Pilgrims
“She’s a Beauty” Hurricane Island Mine by Joseph Purcell ……… click on that for something special ……..
Winedoc
Maddog-GDX flash crashed but came right back–according to this chart and closing price
http://www.marketwatch.com/investing/fund/gdx
Could be a deliberate try or some kind of error??
12-3–Clive Maund gold report-bullish!
Gold Market Update
Clive Maund—December 3, 2014
Yesterday was an extraordinary day in the Precious Metals markets, with a good chance that it signals the reversal from the brutal 3-year plus bearmarket that so many have waited so long to see. The day started with gold and silver plunging on the news that the Swiss voted against backing their currency with gold, but later in the day they rallied strongly on heavy turnover to close with giant reversal candlesticks on their charts. Regardless of the reasons for this bizarre behavior, technically this action looks very positive, and this is written with the awareness that gold has reacted back this morning on dollar strength.
http://www.gold-eagle.com/article/gold-market-update-182
Big Surprise
Sessions: House GOP Is On the Verge Of Breaking 2014 Campaign Promises
Senator Jeff Sessions (R., Ala.) suggested that House Republicans are on the verge of breaking their campaign promise to fight President Obama’s administrative amnesty, judging by the legislative text currently being circulated.
Sessions said that the proposed language “fails to meet [the] test” established by Republican National Committee chairman ReincePriebus, who promised earlier this year that the GOP would do everything possible to thwart Obama’s executive orders.
“The executive amnesty language is substantially weaker than the language the House adopted this summer, and does not reject the central tenets of the President’s plan: work permits, Social Security and Medicare to 5 million illegal immigrants — reducing wages, jobs and benefits for Americans,” Sessions said in the statement expressing his dissatisfaction with the results of a House Republican conference meeting today.
In the meeting, “the lawmakers began coalescing around a two-part plan that would allow a symbolic vote to show their frustration with President Obama’s executive action on immigration, before funding the government ahead of a Dec. 11 deadline,” according to the New York Times.
Sessions wants Congress to attach a rider to the government-funding bill that prohibits Obama from implementing the orders; his office released a list yesterday, compiled with the assistance the Congressional Research Service, of instances in which Congress did just that on a variety of issues last year.
“Congress must respond to the president’s unlawful action by funding the government but not funding illegal amnesty,” Sessions said. “This is a perfectly sound and routine application of Congressional authority. In fact, the nonpartisan Congressional Research Service reports that last year’s omnibus spending bill included 16 such funding restrictions on fee-based programs.”
To those inclined to worry that using the spending power would backfire on Republicans, Sessions suggested that economic populism would lead to a GOP victory.
“Polling shows voters believe that Americans should get preference for available jobs by almost a 10–1 margin,” Sessions said. ”Republicans should not be timid or apologetic, but mount a bold defense of struggling Americans
eeos
Re Something has to give.
Seeing as Obummer makes an eight arm sailor on shore leave, after 1 year at sea, look like scrooge himself, it sure won’t be the debt.
Dr’s
A year ago my Primary Care Dr sent a letter offering a special fast track service if I would join for a fee of $2000 up front.
I never responded,Im on medicare!.
Well I had a Gout attack and wanted something for the Pain ,but when I called the Dr office the answer service told me I was caller 37 and would have my call answered in order it was received.DOC joined with 10 other Dr’s to save office expense ! After 20 minutes waiting for a voice to answer.I was greeted with a message “if you need immediate attention call 911…..I waited a little longer for a voice again and I was told DR K was “booked up” for the next 3 weeks and no appointment could be made until after that. I explained I was in terrible pain and all needed to get a script for pain ,not an exam.I was then told “we do offer a walk in service with another DR.
I said is he a licenced Physician and does he accept medicare she said yes ..I said Ill be right there.I got there and waited my turn after 4 patients ahead of me I saw the Dr.He said he wanted to do blood work I said ok…They sent me to another room where a young black man about 20 years old asked me a list of questions ,he was very polite and friendly then he went looking for a needle to extract blood……He paused and said to me I had small veins and “I dont know if I should be doing this”?
He obviously haden’t had any training at all because the prospect scared him ! You can imagine what it did to me ! I quickly suggested I had seen a Reg Nurse earlier why not get her to do it.. He said she been very busy ! I said “Ill wait I got plenty of time ! There was no way I was going to let him do it !..He finally rounded her up and she took enough blood for 3 different tests.While i was waiting I looked around and noticed the place was filthy trash can with no lids held old bandages ,the examining bench had torn leather and even the paper covering was brown from being used and never changed wrinkled and looked used,obviously used equipment..
and this was the NEW WALK in Service ! She took her blood samples and I had Doc write me a script for pain and got out of there!
Two months went by and I was in another Dr. office a kidney specialist I see twice a year..I asked him to request the records of my blood test from the other Dr.Since he never bothered to call me back with the results or mail me a copy.He’s a good Doc and got what I requested and looked the results over ..since he had an interest in the results also. Everything looked ok to him.I thanked him .Then he asked what did I do about the Gout attack ! I said I took care of it myself ! You did ?How?
I took a dose of Caster oil and that flushed the excess acid from my system in one Day! .He said where did you learn that.? I said i used to have a fantastic Dr,but he has since passed away.Following a very severe Gout attack He gave me several pills of Colchicine which is a poison taken in small doses causes the body to flush everything out.I was told to take one every hour until the onset of diarrhea ..and viola ! Gout was gone the next day!
I never forgot that ! I then reasoned Castor oil is from a poisonous Plant that does the same thing taken in small doses. I followed the label and took 5 tablespoons of it with exactly the same results as the Colchicine !…
Kidney Doc then said I see and thats available without a Script ? I aid yes for about 4 bucks you get a whole bottle !
He just shook his head and said Ill see you in 6 months..
eeos
Yeah hopefully most of it goes to the bottom of the ocean and not into people’s bodies. Those heavy metals are dangerous.
kind of a snoozer day …
Platinum from road dust, Veolia cleans up on British streets
thanks ipso- – think what goes into our streams and rivers…and let’s not forget about brake dust too.
Goldcorp weighs investment in Guatemala after royalty hike plan
VANCOUVER, Dec 3 (Reuters) – Canadian gold miner Goldcorp Inc said on Wednesday it will examine its future investment in Guatemala following the country’s move to raise mining royalties from 1 percent to 10 percent.
Late last week, Guatemala’s Congress changed a nearly 20-year-old mining law to raise the royalties. Proposals to increase the levy had failed in previous years, and such a steep increase had seemed unlikely.
Guatemalan President Otto Perez has yet to sign the measure into law, but the country’s main industrial chamber has already said it is mulling a legal challenge.
Goldcorp, which operates the Marlin mine, the country’s largest, said it would have to look at its future investment in Guatemala as a result of the new measures.
more http://finance.yahoo.com/news/goldcorp-weighs-investment-guatemala-royalty-171248229.html
commish
Pretty twisted eh!
Scruffy Eeos
The insurance system is all messed up now including getting access to a good doctor that’s not over worked which is about no such thing, which is causing over crowded emergency rooms. It also delays check ups and follow ups that results in delays in the stitch in time or early diagnosis causing even more health care costs. Hope you can find a good doctor and keep in mind some charge more than others and doesn’t mean care is better just costs to you if over charged.
New Rules: Cyprus-style Bail-ins to Take Deposits and Pensions
On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.
Russell Napier, writing in ZeroHedge, called it “the day money died.” In any case, it may have been the day deposits died as money. Unlike coins and paper bills, which cannot be written down or given a “haircut,” says Napier, deposits are now “just part of commercial banks’ capital structure.” That means they can be “bailed in” or confiscated to save the megabanks from derivative bets gone wrong.
Rather than reining in the massive and risky derivatives casino, the new rules prioritize the payment of banks’ derivatives obligations to each other, ahead of everyone else. That includes not only depositors, public and private, but the pension funds that are the target market for the latest bail-in play, called “bail-inable” bonds.
“Bail in” has been sold as avoiding future government bailouts and eliminating too big to fail (TBTF). But it actually institutionalizes TBTF, since the big banks are kept in business by expropriating the funds of their creditors.
It is a neat solution for bankers and politicians, who don’t want to have to deal with another messy banking crisis and are happy to see it disposed of by statute. But a bail-in could have worse consequences than a bailout for the public. If your taxes go up, you will probably still be able to pay the bills. If your bank account or pension gets wiped out, you could wind up in the street or sharing food with your pets. read more
Harsh words on Swiss gold referendum from von Greyerz
Maybe he would be classified as a sore loser but Egon von Greyerz, of Matterhorn Asset Management, and one of the leading lights behind the unsuccessful Yes campaign in the recent Swiss Gold Referendum, may have a point regarding the tactics used by the Swiss establishment to secure victory.
“We were beaten squarely, but not fairly,” he commented at Mines & Money London on Tuesday.
He pointed to examples of the unprecedented campaign by the Swiss National Bank (the country’s central bank) to derail the Yes campaign. How the leader of the Swiss Gold initiative was prevented from appearing in a debate on the referendum on Swiss TV and that the Yes campaign was blocked from receiving donations via PayPal. This was quite apart from appearances by the head of the Swiss National Bank in the Swiss media almost daily to generate opposition to the proposal by someone who normally shuns any kind of publicity.
He pointed out that Switzerland was the biggest seller of Central Bank gold in recent years (sold down from 40% of its foreign reserves in 1999) and scathingly referred to it now as being more of a hedge fund than a Central Bank given its reserves have so little gold backing in percentage terms – even compared with much of the rest of Europe. According to the IMF, the proportion of gold in Swiss reserves nowadays is only 7.5% compared with over 60% for Germany, Italy and France, over 70% for Portugal and over 50% for the Netherlands. Even the UK, which was castigated for the selling of half its gold reserves at the gold price bottom, has a higher proportion of gold in its foreign reserves than Switzerland at 11%. For comparison, 71.6% of the USA’s foreign reserves are still officially held in gold.
Von Greyerz is a firm believer that gold is underpriced at the moment – primarily because it is now so out of sync with the huge amounts of debt built up by governments around the world and the huge amount of money printing to preserve the perception that economies are stable to positive by keeping interest rates at or near zero. Read more
