I’m so confused lately – not sure what this means anymore – accumulation?

Big volume was on the uptick

http://www.nasdaq.com/symbol/gg/after-hours

Aug. 3, 2015 Market Close: $ 13.07

Pre-Market Charts

|  After Hours Charts

Trade Detail

Most Active in the After-Hours

Read more: http://www.nasdaq.com/symbol/gg/after-hours#ixzz3hoIBoo5k

ADv-Decline made 3 LOWER TOPS since April  That means Fewer and Fewer Stocks are participating in the RIGGED AVERAGES  ..

The Summation Index is Bearish

http://www.cmegroup.com/education/featured-reports/gold-storm-on-the-horizon.html

“Gold storm on the horizon?”

Swhen gold goes up-and the time is near–ALL will not believe the rally-which will be explosive.

http://finance.yahoo.com/news/newmont-adds-profitable-gold-production-200200647.html

hope he doesn’t resent me in six months!

Just continues to be A-Effing-Amazing

the Dow gets taken from near 200 dn to less than 100 down….a miracle, I tell you it was a miracle.

Meanwhile monster offers in GDX ensured, despite a bit of heavy late bidding, a close near the lo’s..the Dollar is bid and rates are on their arses…the Scum chalk up another win and no doubt GS, JPM and Citadel etc all had another winning day.

Ps this now the 12 week of PM shares being down…there was 1 up week but so small as to be a sick joke….the machines will sell all commodities down to Zero..

Greece can print its own EUROS , to repay debt !

National Bank does and can Print EUROS

 

 

euro notes do not have a national side indicating which country issued them (which is not necessarily where they were printed). This information is instead encoded within the first character of each note’s serial number. (source: Wiki)

Currently in use:

• Z — Belgium
• Y — Greece
• X — Germany
• V — Spain
• U — France
• T — Ireland
• S — Italy
• P — Netherlands
• N — Austria
• M — Portugal
• L — Finland
• H — Slovenia
• G — Cyprus
• F — Malta
• E — Slovakia
• D — Estonia

However, where the banknotes have been physically printed can be determined by another number:

On each of the seven denominations of the banknote, there is a small six-character printing code which uniquely identifies the printing information of each banknote. These printing codes have an initial letter, followed by three digits, followed by a single letter, and ending in a digit, for example, “G013B6”. The initial letter identifies the printing facility, as described below. (source: Wiki)

• D — Setec Oy, Vantaa, Finland
• E — F. C. Oberthur, Chantepie, France
• F — Österreichische Banknoten und Sicherheitsdruck, Vienna, Austria
• G — Koninklijke Joh. Enschedé, Haarlem, Netherlands
• H — De La Rue, Gateshead, United Kingdom
• J — Bank of Italy, Rome, Italy
• K — Central Bank of Ireland, Dublin, Ireland
• L — Banque de France, Chamalières, France
• M — Fábrica Nacional de Moneda y Timbre, Madrid, Spain
• N — Bank of Greece, Athens, Greece
• P — Giesecke & Devrient, Munich & Leipzig, Germany
• R — Bundesdruckerei, Berlin, Germany
• T — National Bank of Belgium, Brussels, Belgium
• U — Valora—Banco de Portugal, Carregado, Portugal

less than 8 % away from it’s 2000 lo close of 41.85….which is all of 3.9 pts now….and where it’s bull mkt started.

Not that the ALgo’s Scum give a damn, especially when their beloved SM is rolling over.

Thanks Maddog. I’m going to look into that. 🙂

will kill any President that tries that again (printing Treasury NOTES).

That is the SOLUTION to the Nations Debt….Print “Treasury Notes directly from the TREASURY just as the FOUNDERS did and planned to do…!    Only after 1913  to that idiot Wilson allow a Private  entity to print money and charge the citizens 6 % interest to do it.

(Someone asked Ben Franklin how they managed to prosper ..his answer was “we print our own money” and manage it so it was sufficient to cover all goods and services  …not more,not less….)

The Federal Reserve is a money machine for the “money changers” and coupled with fractional reserve Banking made everyone SLAVES  to the “money lenders” ..

It has legalized SLAVERY ..!      NOW its reached its limits because the Interest cannot be printed with that system because ALL money enters the system via a DEBT arraigement .. So when a contraction occurs theres a scramble dog eat dog for cash until it ALL comes crashing DOWN .It was guaranteed to happen ,its built in !  Its a flawed system !    The “Money Changers ” were driven from the Temple and will get the Guillotine after the NEXT CRASH   ….deservingly so  !

Comex On The Edge? There Are Now A Record 124 Ounces Of Paper Gold For Every Ounce Of Physical

http://mepiscommunity.org/mx

Here u can download and then burn a disk, which u can then use to either Boot from ie start the Computer off the DVD drive or .. …..that way you can see what is in the Software…basically an Operateing System plus every other software u need like Office, File Managers, photo shop, music/Video players etc….at least one of everything. Or it will ask you if you wish to Install MX-14…if you do that it will see Windows on ur Hard drive and ask you if you want to partion ie split ur HArd drive….say 30 % MX-14 70 % Windows…depending on how big ur drive is and how much free space u have….Windows is a space Hog….

All the help you’ll ever need is out on the Web. MX-14 is based off Debian, the same as Ubuntu…so Ubuntu solutions work on MX-14

My PC boots from cold in @ 40 seconds !!! on MX-14.

The major diff with Linux apart from the fact that it is Free, is that it only uses the Programmes that u open, so as of now all I have is my Web Browser, whereas Windoze has loads of programmes running all the time, in the background, even if you fine tune it, otherwise they would take ages to open as well…but running ’em all slows everything else down.

Cheers

The media keeps suggesting a possible rate increase, I think, to make people think, the economy is strong and can withstand higher rates. But the rates on bonds are LOWER.

Dollar climbing chart:
http://schrts.co/Jaaqis

Interest rates falling chart:
http://schrts.co/7Cv19f

In one respect the deflation sounds like a lack of spending money, with many people, pushing prices lower, and in another respect, it looks like excess unneeded income is plowing into savings, pushing rates lower.

Falling interest rates and a less climbing dollar?? Something is way out of whack.

Space crab? Mars object in NASA pics totally thrills red planet fans

http://www.rt.com/news/311451-mars-nasa-image-monster/

You hit upon a Major DETAIL ,you are correct ..They never printed the Money to pay the interest with ….The only way they can do that is to print “TREASURY  NOTES”  and enter the system by passing the FED ,instead of “Federal Reserve NOTES”    John Kennedy tried that and you see what happened to HIM !

Barring that it means they have a ZERO SUM GAME  for everyone that does find the money to pay interest ,that leaves that much LESS for the NEXT GUY  and soon they have a CRASHING money Supply !

Thats the FEDS dilemma  and the higher interest go the FASTER it happins and the Higher the DEBT goes the faster it happins ..

Thats exactly why a DOLLAR was as good as GOLD during the DEPRESSION    …very scarce ..contracting money supply ,,very FAST …

Its NEVER good when the Dollar is as good as GOLD…its stops  circulating and becomes a store of value instead of a circulating medium ..

The medium of exchange needs to be plentiful  ..when it contracts its very painfull ……Thats why Milton Friedman called his book

“THE GREAT CONTRACTION”  ……now you know !

Huge, cheap skate, flimsy, shoddy constructed, hollow shell buildings, but very vulnerable to collapse into a small pile rubble if they have a fire. Those structures were not built to 1910 standards. Before that day, nobody ever saw a building implode because of a fire.

A steel pro that watch the construction said…”Gee, there is practically no steel in this building”. Those buildings were only as strong as the floor boards holding the walls upright. The weak link of the chain.

That’s our economy. A big hollow shell. Vulnerable.

Gee, that means there is a severe shortage of dollars circulating. I knew decades ago, after the 1975 1980 era, the primary gov’t/business objective was to lower the extremely high wage costs in the private tax paying sector. No such objective required or mandated in the tax absorbing civil service sector. (at that time low wage high benefit)

There was always ongoing inflation, and said to myself…..All prices including labor prices all have to go up in unison to make sense. Allowing all prices to rise, but NOT allowing wages, minimum wage, and Social Security increases to rise in unison with the others would be a big problem in the future.

And here we are…IN THAT FUTURE. The low wages are bringing down (deflation) the whole stupid man made artificial game of a financial system.

TPTB are SCRAMBLING to get wages higher, too little too late. If when this DEFLATION gets far worse, Gold should fly because people will see the result or proof of mismanagement of the financial system.

Doubling tripling and quadrupling of the workforce, combined with computerized labor reducing technology has created a very interesting situation.

I once made a post about what if one man had a machine that produced and did everything. What would happen? Would he be obligated to provide for everyone?

The Tide has Turned and These Charts Predict the Next Stop

by Thad Beversdorf • August 2, 2015

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What we saw with the latest GDP reports is something truly remarkable. A market that was explicitly told the past 4 years of economic growth had been overstated simply shrugged off the news. That is, absolutely no price recalibration took place. This really evidences beyond any doubt that there is no relationship between the economy and the market. It further evidences the Fed’s increased proficiency in directly guiding the market.

Now I know this is not shocking to many of us. But to watch the market’s blatant irreverence toward a report that, with the flip of a switch, removed 12% of the presumed economic growth from the past 4 years did strike me as remarkable. It shows that the printing of economic indicators is nothing but theater. There is absolutely no rational market explanation that the market traded flat to up on the day when current GDP missed estimates and the past 4 years of growth was adjusted downward, all in the midst of one of the worst seasons for YoY deteriorating corporate revenues/earnings.

But more realistically what it suggests is the only player left in the market is the ‘buyer of last resort’, i.e. the Fed and its minion entities. Certainly nobody wants to aggressively short the market in the face of a clear long only strategy by the Fed, but just as certainly no major money managers are longing this market. Volume has simply dried up.

The Tide has Turned and These Charts Predict the Next Stop

Lots of good properties in that area!

I don’t own Pretium but it looks it will be a successful project. Grade is King in these days of low gold prices.

RIP Golden Triangle

Gold – The More Hate, The More Bullish We Become
Taki Tsaklanos

August 3, 2015

After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries.

Admittedly, the breakdown does not bode well from a chart’s perspective. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.

But if we compare this breakdown with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.

Consider the following mainstream media headlines of the last week:

“Let’s Be Honest About Gold: It’s a Pet Rock” by the Wall Street Journal

“Gold is Doomed” by the Washington Post

“Gold Is Only Going to Get Worse” by Bloomberg

“Two Reasons Why Gold May Plunge to $350 an Ounce” by Market Watch

“Gold’s tumble is far from over” by CNBC

“Deutsche Bank says gold’s fair value is $US750 an ounce” by AFR.com

“Wall Street Bets Gold Drops Below $1,000” by Barron’s

“Are There Any Reasons to Own Gold?” by Bloomberg

From those articles, we selected the three most impressive quotes:

“Gold is a weird relic of antiquity.”

“Gold won’t just drop below $1,000 an ounce but, eventually, to a far, far lower price as well.”

“Gold is out of fashion like flared trousers: no one wants it.”

News headlines are a great way to gauge sentiment. And they are simply telling a ‘hate story’ currently.

In particular, that one last quote of the ones above is very interesting: “no one wants it.” Really? Nobody? As in, “this time must be different?”

Let’s face it. Markets can become extreme, but markets do not remain endlessly at extreme levels. They also do not trade endlessly in one and the same direction.

Along the same lines, sentiment as measured by statistical methods is simply confirming what we see in the news headlines. Sentimentrader’s optimism index for gold stands at 12 on a scale from 1 to 100 (the latter being the highest value). And guess what, gold has currently the lowest reading from all assets (including currencies, commodities, stock market sectors).

http://www.marketoracle.co.uk/Article51691.html