https://www.youtube.com/watch?v=CMBb4hWef54

he who lives by T/A in the pm market shall also die by T/A

Just ask Rambus

Rotsa ruck

and snarling, and misery. It IS going to be quite a show … but no retsina for me!

got popcorn?  got retsina?  it’s likely to be quite a show.

drama, intrigue, pathos, karma, or some combination…

Going back to the March bottom threat, I had opined that I did not think that $1150 would hold but, had hopes that $1100 would. Based upon BS Fed minutes and employment reports gold held, went up, stalled and then crept along the $1200 line. Now, Gold is threatening again to challenge and break down thru that $1150 marker.

Going back to 3/17/15, I opined that a true bottom was never hit and that the rise thereafter  was a giant fake out/whiplash. I finally bought into the “breakout” and did buy calls. However, its apparent now that the down cycle that began in late Jan. is still in play and that the bottom of this cycle is still ahead. It was all one GIANT fakeout…the likes of which I have never seen.However, there is no way that the rise from 3/17 can be considered a legitimate Int. up cycle.

Greece Unable To Make €300 Million IMF Payment, Requests “Bundling”

http://www.zerohedge.com/news/2015-06-04/greece-unable-make-%E2%82%AC300-million-imf-payment-requests-bundling

Will Europe Survive
The Collapse of the Euro System?

by Helga Zepp-LaRouche

[PDF version of this article]

June 2—While the Greek crisis is coming to a head, maybe this week, but certainly in the remaining weeks of June, the idea of a unified European Union (EU) has become as full of holes as the proverbial swiss cheese. As this article is being published, ultimatums are flying.

No matter whether Greece suspends payment on the 300 million euros it owes the IMF this Friday, June 5, because it cannot accept further austerity measures demanded by the Troika, such as raising taxes in the range of 3.5 billion euros and further cuts in social services; or whether the European Central Bank, German Chancellor Angela Merkel and French President François Hollande at the last moment propose a somewhat less brutal austerity program; either way, within the current EU logic there is no way out, either for Greece, or for the EU.

Because after June 5, further payments by Greece come due: on June 12, 350 million euros; on June 16, 600 million; on June 19, 345 million; and then, altogether Greece has a debt of 350 billion (!) to the European Central Bank (ECB). If the proverbial miracle does not occur, such as the creditors agreeing to the European debt conference demanded by Greece—the chances of which are currently totally impossible—the policy of the EU will drive Greece into insolvency. At that point, and not at the end of the 30-day grace period, which theoretically exists before Greece technically enters definite insolvency, there is a threat of a general collapse of the European banks, and, as a result of the derivatives exposure and swap-arrangements between the ECB and the Fed, a collapse of the American financial sector as well.

more http://www.larouchepub.com/hzl/2015/4223europe_survive.html

I sure trust those guys!

Carpathian Gold Inc. to Voluntarily Delist from the TSX

http://finance.yahoo.com/news/carpathian-gold-inc-voluntarily-delist-204308677.html

These guys have been doing better.

Wildcat Silver Changes Name to AZ Mining Inc.

http://finance.yahoo.com/news/wildcat-silver-changes-name-az-203000870.html

Northern Dynasty: Federal Court Rejects EPA Motion to Dismiss Pebble ‘FACA’ Lawsuit

http://finance.yahoo.com/news/northern-dynasty-federal-court-rejects-210000244.html

https://youtu.be/TydA86jG42Q

I’m headed for the fetal position. Catch you later.

https://youtu.be/YgB2bhFfEtM

That IMF news should definitely be bad for gold – NOT

The most manipulated comedy on earth continues.

Looks like they’re going to try and finally break us down from the $1180 stronghold.

IMF Panics – Slashes US Growth Forecasts, Demands Fed Stay On Hold For Another Year

Tyler Durden’s pictureSubmitted by Tyler Durden on 06/04/2015 09:41 -0400

Anxiety over financial stability and shadow banking risks appear to have force Christine Lagarde and her fellow extrapolators to hit the panic button:

*IMF CUTS U.S. 2015 GROWTH FORECAST TO 2.5% FROM 3.1%
*FED SHOULD WAIT FOR TANGIBLE SIGNS OF WAGE, PRICE GAINS: IMF
*DOLLAR `MODERATELY OVERVALUED,’ CURBING U.S. GROWTH, JOBS: IMF
*IMF URGES FED TO DELAY FIRST RATE INCREASE UNTIL 1H 2016

Adding that they viewed the Dollar as “moderately overvalued” and any more appreciation would be “harmful,” it seems global disinflationary pressures have left the IMF no choice but to say publicly what everyone has uttered under their breath.

As Bloomberg reports,

The Federal Reserve should hold off from raising interest rates until the first half of 2016, the International Monetary Fund said as it cut its U.S. growth forecast for the second time in three months.

The lender also said that the dollar was “moderately overvalued” and a further marked appreciation would be “harmful,” in a statement released in Washington on Thursday on its annual checkup of the U.S. economy.

“The FOMC should remain data dependent and defer its first increase in policy rates until there are greater signs of wage or price inflation than are currently evident,” the IMF said. Based on the fund’s economic forecast, and “barring upside surprises to growth and inflation, this would put lift-off into the first half of 2016.”

…

“There is a risk that a further marked appreciation of the dollar — particularly one that takes place in an environment where policies to address growth deficiencies languish both in the U.S. and abroad — would be harmful.”

The report also discussed financial stability, with the IMF pointing to higher risks in shadow banking, a potential lack of liquidity in fixed-income markets, and greater market risk-taking in the insurance industry

* * *

Now Yellen is really cornered.. and just exactly how are the talking heads going to spin this as positive?

http://www.zerohedge.com/news/2015-06-04/imf-panics-slashes-us-growth-forecasts-demands-fed-stay-hold-another-year

Leaked TISA Documents Reveal Privacy Threat

Under the draft provisions of the latest trade deal to be leaked by Wikileaks, countries could be barred from trying to control where their citizens’ personal data is held or whether it’s accessible from outside the country.

Wikileaks has released 17 documents relating to the Trade in Services Agreement (TISA), currently under negotiation between the US, the European Union and 23 other nations. These negotiating texts are supposed to remain secret for five years after TISA is finalized and brought into force.

The deal, which has been under discussion behind closed doors since early 2013, is intended to remove barriers to trade in services. It’s a sort of companion piece to the Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP), which cover trade in goods – but potentially far bigger, with Wikileaks claiming that ‘services’ now account for nearly 80 per cent of the US and EU economies.

Like TTIP and TPP, TISA could be sped through Congress using Trade Promotion Authority (TPA), also known as fast-track authority, which has been passed by the US Senate and may be taken up in the House this month. Under TPA, Congress is barred from making amendments to the trade deals, and most simply give yes-or-no approval.

more http://www.forbes.com/sites/emmawoollacott/2015/06/04/leaked-tisa-documents-reveal-privacy-threat/

The “toy train” view of a most iconic streamliner…
http://www.railpictures.net/viewphoto.php?id=528427

Looks like another beatdown day…

Detour Gold Provides Operational Update for Detour Lake Mine Tour on June 4

http://finance.yahoo.com/news/detour-gold-provides-operational-detour-210100251.html

North American Palladium Provides Update on LDI Operations

http://finance.yahoo.com/news/north-american-palladium-provides-ldi-221000187.html

Top miners slashed costs, spending to cope with price falls – PwC

http://finance.yahoo.com/news/top-miners-slashed-costs-spending-104531627.html

“Ellensburg”

Looks like the same sort of terrain. I don’t get over the mountains there too often.

MM- I agree, that video looks like the Tri-cities area.

Looks like the USD will be down for the third consecutive day but bonds have stabilized a little. PM’s dancing with the bottom of the range again. We’ll see.

And that Kunstler article was dated back in January!  But it’s all true.  Here’s a similar account by an experienced Oilman…

“What I think of oil and the future…”

http://ruralpioneers.com/

The only thing ‘Oilman2’ does not address here is the financial fallout of all the derivatives that financed the last run.  But the peak oil curves are out there.  There is oil to be had… if it is profitable… at great cost.  So who will finance the next run?

Oil is set up for a supply crunch coming down the road.  And it is unlikely to ever recover to present levels.

Wonder if deadeye has any insight in this one.

A Solemn Pause

GS There’s no rest for the wicked but in this case different for the young man, he finally got his rest. They probably have no remorse for what they did to him either. He should of took heed to his fathers advice.

Gold still on down trend what else is new. Trying to watch insiders even though still only temp bounces. One insider biying at one so far what I had time to watch anyways.  That was HL