Druck Backs Up The Truck And Loads Up On Gold
AUGUST 14, 2015
JESSE FELDER
GOLD, INVESTING, MARKETS,WALL STREET
Back in April I wrote a post titled, “how to trade like Stan Druckenmiller, George Soros and Jim Rogers.” It centered on a quote from Druck that really gets at the key to his incredible success in the markets:

The first thing I heard when I got in the business, not from my mentor, was bulls make money, bears make money, and pigs get slaughtered. I’m here to tell you I was a pig. And I strongly believe the only way to make long-term returns in our business that are superior is by being a pig. I think diversification and all the stuff they’re teaching at business school today is probably the most misguided concept everywhere. And if you look at all the great investors that are as different as Warren Buffett, Carl Icahn, Ken Langone, they tend to be very, very concentrated bets. They see something, they bet it, and they bet the ranch on it. And that’s kind of the way my philosophy evolved, which was if you see – only maybe one or two times a year do you see something that really, really excites you… The mistake I’d say 98% of money managers and individuals make is they feel like they got to be playing in a bunch of stuff. And if you really see it, put all your eggs in one basket and then watch the basket very carefully. -Stan Druckenmiller

The way Druck generated 30% average annual returns over a period of decades was by being a pig, by putting all his eggs in one basket and watching it very carefully. Considering he may be the most successful money manager alive, you may be curious to learn what Druck is buying today.

Well, you’re in luck! Druck’s latest 13F filing shows that he is currently backing up the truck and loading up on gold. In the second quarter, he bought over $300 million worth making it his single largest position. He now has more than 20% of his portfolio allocated to the SPDR Gold Trust (GLD). This position is more than twice as large as his next largest holding.

Clearly, Druck feels (as I do) that it’s time to get greedy in the gold market.

the Daily Mail ( dailymail.co.uk ) has a series of 58 photos of the aftermath , including several aerial photos of the blast area . None show that crater . Cyanide may have been either the cause or released during the explosion . One of the photos is of a man driving a small blue car , heavily damaged by the blast . The EMP of a nuclear blast would fry the electronics of a modern car , making it impossible to be driven . I was in a nuclear power plant in Asia during the Chernobyl catastrophe . The USSR did not announce the problem for a couple of days , but within hours of the event , plant radiation monitors at the plant I was working at began to signal alarms . The plant personnel thought the problem was internal and went to alert status until reports from other nuclear stations around the world began pouring in over the next day or so . Two days later the USSR admitted the accident . That event later created new work for me to upgrade the safety of a twin unit Russian designed nuclear plant being built in the Czech Republic .

Thanks for that FWIW-Blockbuster post.

Do you have any links for that story?

I’d not seen any story about the Russian lake and the Chinese “new” lake.

And the Hilary e-mail twist is interesting to say the least.

Just as almost everything going on today, there is something really fishy about what happened and what we are told.

Takes a lot of effort to try to keep abreast of all the antics.

Why your assumption that these petro chemical warehouses did not have sub-levels?

I’m no expert on Nuclear explosions, however, in my early adult life I was a powdermans helper in the woods for Diamond National Corp in Northern California. I know that explosions go toward the least resistance. I know if you want an expl0sion to go down you have to put a “plaster” of the appropriate size and weight to force it to go down. Otherwise it will just go up. So while I cannot say it WAS an nuclear explosion, I can say that he is probably correct that it was detonated several (many?) feet below ground to create that lake. It did not happen on the surface.

As for Hillary, I put nothing past that lying bitch!! Also, she reportedly has a China connection when shortly after Obama took office she was sent to China to give them Eminent Domain over the US in the event the US defaults on it’s debt to China.

All FWIW and IMO!!     Silverngold

At least I can hope that new refining capacity will be given a chance to come to completion, and be accompanied by other new refinery plans in Alberta and British Columbia.

http://www.theglobeandmail.com/news/alberta/oil-patch-faces-a-refining-moment/article25965077/

Hillary Clinton is a lady many despise and many love. But just what does anyone know about her background and how it relates to the United States? Her background has some really radical people in it, and one particular individual is none other than Saul Alinsky. Now, many have to wonder just who is this Saul Alinsky? Now we do have to give a brief background on him, since it is his ideology that Hillary Clinton grew up loving. The first thing we have to present is his famous book, “Rules For Radicals,” of which Hillary even wrote a letter to him asking when it would be out, as she so lightly stated in her letter to Saul Alinsky, dated July 8, 1971.

“Dear Saul,

When is that new book coming out—or has it come out and I somehow missed the fulfillment of Revelation? I have just had my one-thousandth conversation about Reveille and need some new material to throw at people. You are being rediscovered again as the New Left-type politicos are finally beginning to think seriously about the hard work and mechanics of organizing. I seem to have survived law school, alightly bruised, with my belief and zest for organizing intact. If I never thanked you for the encouraging words of last spring in the midst of the Yale-Columbia madness, I do so now. The more I’ve seen places like Yale Law School and the people who haunt them, the more I am convinced I am that we have the serious business and joy of such work ahead, –if the commitment to a free and open society is ever going to mean more than eloquence and frustration.

I miss our biennial conversations. Do you ever make it out to California? I am living in Berkeley and working in Oakland for the summer and would love to see you. Let me know if there is any chance of our getting together—2667 Derby #2, Berkeley 415-841-5330.”

(See the entire letter)

Let us inform you of just who this Saul Alinsky is that Hillary Clinton is trying to meet in California. We will make this brief, since including Saul Alinsky’s history and how it goes against the Constitution would take up many pages, which we will do in a book soon.

Saul Alinsky was born to Russian-Jewish parents in Chicago in 1909, Saul Alinsky was a Communist/Marxist fellow-traveler who helped establish the tactics of infiltration — coupled with a measure of confrontation — that have been central to revolutionary political movements in the United States in recent decades. He never joined the Communist Party, but instead, as David Horowitz puts it, became an avatar of the post-modern left.

NOW for BILL

The following is an excerpt from Des Griffin, a gifted writer and prolific researcher of facts [March, 1998]: “In the final analysis, the Clinton/Lewinsky scandal is a sideshow – a relatively minor distraction. Its salacious nature serves to draw away from more important issues, namely those that effect the future of the U.S. For well over three decades, the life of William Jefferson (Blythe) Clinton has followed an unrelenting pattern of personal deception, immorality, political corruption and national betrayal….Leaving the U.S. to avoid serving his country in Vietnam, went to England on a Rhodes Scholarship. As a student at Oxford, Clinton organized and led anti-American demonstrations and engaged in other leftist activities. In 1970, Bill Clinton was rewarded for his anti-American activities: he was the guest of the KGB on an all-expenses paid trip from Paris to Moscow. The October 25, 1992 issue of Rudge Pravda, the official paper of the Czechoslovakian Communist Party, carried an article titled, “Mr. Clinton Stayed with Agent of STB, Select Company.” It revealed that on his return journey from Moscow, Clinton stopped off for ten days in Prague. There he stayed in the home of Marie Svermore and her husband Bedrich Kubold.” For the sake of brevity, this family is well plugged into the Communist Party and their son, Jan, attended Oxford with Clinton. “Another interesting trip made by Bill Clinton was exposed by the Italian paper, Il Sabato, August 1992 in an article titled ‘Comrade Bill,’ where reporter Antonio Socci told of an interview he had with Clinton at the Democratic convention in NY a few weeks earlier. Clinton revealed that he had gone to Italy five years earlier to study how to solve economic problems. “I came five years ago to find out how the cooperatives, the artisan cooperatives, and the micro enterprises function. Then I went back to Arkansas and helped to put together 70 youth cooperatives.” Socci was fascinated. “Don’t tell me this communist cooperative is your economic prescription for America?” “Absolutely,” Clinton replied. Upon his return to Italy, Socci interviewed members of the Italian Communist Party and they confirmed that Clinton had in fact visited their cooperatives in 1987. One remembered the visit well, saying that he told Clinton the cooperatives were run by communists and socialists. Clinton’s response was, “No problem.” No? This can’t be real? This must be more anti-Clinton, vast right-wing conspiracy smear material! Wake Up. There is a book you must read, it’s short but to the point and one of the most documented and factual presentations I have ever seen. In this work titled SECRET, you will see the FBI documents that link Bill and Hillary Clinton to a Marxist Terrorist network [the FBI’s description, not mine]. They gave money to the IPS [Institute for Policy Studies] and have been very active in promoting their agenda: Marxism. No? Do your homework. SECRET is listed in the reference section. You’ll be amazed at how many of their current chums and White House staff came from this Marxist organization.

I can remember cases where farmers adjacent to GMO fields , whose crops became contaminated by the GMO strains were actually being sued for something akin to patent infringement by Monsanto’s lawyers . If anything , those farmers should have been the ones doing the suing , among other things , for loss of global markets for their now contaminated produce .

Monsanto is a warm , fuzzy thing..the Care bears love Monsanto and so should u-!!

1. Genetically Modified Foods are illegal in many countries for health and medical reasons all the while the U.S. passes laws making GMO labeling illegal.

You may be thinking, say what? That’s right. U.S. citizens are being propagandized daily and are being practically forced to blindly consume GMOs while countries like Austria, Bulgaria, Germany, Greece, Hungary, Ireland, Japan, Luxembourg, Madeira, New Zealand, Peru, Australia, Russia, France and Switzerland all have booted Monsanto and their GMO crops from their countries. That’s like being booted out of a town for being a rapist and child molester only to have that same person settle into the next town over and become a grade school teacher or pastor. Now imagine the citizens of that other town having a law forced on them that says rapists and child molesters must be allowed to teach little kids and run churches. That’s what we’re talking about here.

While humanity in other countries wakes up fully to the dangers of GMO foods, Monsanto and other GMO food producers are having a feast in the U.S. buying out politicians, distorting news, research and evidence that proves GMO foods are directly linked to cancer. Like a scene from a bad movie, only it’s not a movie. Actually it’s YOUR life if you are in the United States dealing with this nightmare.

As bizarre as it seems, only in the U.S. do criminal corporations like Monsanto enjoy the benefits of the support of the political and legal system. A bird’s eye view of the situation clearly shows how corrupt and evil the control system in the United States really is. Sadly, most Americans have no idea that they are being lied to every day and lured into eating dangerous cancer-causing and health-destroying food just so that someone can profit from your disease later on.

http://www.zerohedge.com/news/2015-08-14/10-disturbing-facts-most-americans-are-too-fearful-face

knowing that all paper money burns in the end ..It just needs someone to light the match !..

Excessive credit built Ghost cities in China ,but after the debt burns and defaults  the cities will remain  .Then the Banks will have to write down the value of those cities they carry on the books at cost  down to market value which is seems to me in a place where wages a 3.00 a day is going to be somewhere near zero .Then they can rent the apartments for  about $15.00 a month instead of the $3000.00 a month asking today.

ALL the debt will be defaulted on …all the paper will burn  ….China will have gained apartments ..tangable assets at a horrific cost..to the Banksters..who will demand  their governments confiscate Chinese  assets abroad and sell them at a risk of gun boat diplomacy.  In the end  what did it really cost the banksters ..just a notational decimal point move on a computer called credit !  and with that caused real people to work their asses off building this stuff they would not have entertained to do before.   It was all a scheme to get people to work in a Communist country where nobody works harder than the next guy because of NO additional reward.    Change that theme and everything else changes..

And if Hillary was able to get this done, who else was able to use the NSA as their own treasure trove of information? Having this happen clearly explains why almost ALL American companies are now Jewish owned, the Jews got EVERY PIECE OF INFORMATION THEY COULD POSSIBLY ASK FOR to assist in their final takeover and destruction of America. Nothing could be bigger or worse than that. It is GAME OVER.

Save_America 1st

gee, is something wrong?

Hmmmm…let me ask my shiny precious if anything is wrong…

Shiny stack says, “Nope…nothing wrong here.”…

must be some other bitchez with problems.

We’re all good with our stack…keep on stacking!

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Sat, 08/15/2015 – 03:25 | 6428464ilion

Tickmill’s head of China said that we could expect a rate cut from PBOC this weekend or the next one. Japan will most likely introduce a new QE program next Thursday as the BOJ meets to devalue Yen. Big moves ahead guys and don’t go against the trend!

What real evidence of a nuclear blast is presented in that article? None that I saw.

“It’s a big hole in the ground so it must have been a nuclear blast.”

Ridiculous!

The crater pictures people posted previously were from the small blast, not the big one, a new picture which clearly shows where the big blast went off just got released by China. After looking through the images of the soviet nuclear tests, the new lake in China appears to have been made by a slightly sub surface burst of at least a 5 kiloton nuclear bomb.

There is no way the earthquake from this was in the 2’s. Take a look at the pond made by a test of a small nuclear weapon ground burst in Russia and compare it to that new lake in China, which is many times as big as the pond made by a nuclear test in Russia!

Now we have limited options for this blast, since nothing stored there could have possibly done this.

This was NOT an accident and the fracture pattern around the crater proves a sub ground burst. If it was a sub ground burst,then a small nuclear weapon is the biggest possibility because once a nuke has to push dirt, the blinding flash will not happen. A slightly subsurface detonation would explain why camera sensors did not get strange artifacts. And if it was not a nuke, it was something else incredibly huge, but not a fuel air bomb because fuel air bombs will not leave craters.

A little bit more of a detailed explanation: If the blast happened at ground level, almost all of the energy would go upwards and the blast would not have made a large deep crater, especially one large enough and deep enough to make that lake. If you look to the right hand side of the lake, you can see fracture patterns in the earth, which were caused by the earth being compressed sideways and not downwards. This would only be done with a sub surface blast. After the blast, the earth bounced back towards the center of the lake, which opened up the cracks.

That type and size of blast crater will only happen if a massive bomb goes off a few feet underground, such as a tactical nuke in a drain pipe which leaves scant few options, No chemical blast did that, PERIOD.

The building that is still standing in the upper right hand side of the frame is a typical example of what is left after a nuclear test, concrete buildings seldom get leveled, but they do get gutted by nuclear blasts. Just look through pictures of the soviet nuclear tests and you will see this. Bottom line? The aftermath is completely consistent with a nuclear blast and nothing else.

I think a glue fire was started as an excuse for this huge blast, which came considerably later. And who knows what made the first big blast, or smaller blasts that led up to it, but I am confident it was a show and not an accident.

They wanted this filmed from all angles and set up the show to make sure people would be recording when the big one went off. If there were lots of little blasts before that, why was there not a single small blast after the big one? That is when I would think the small blasts should have started if this entire scenario was not contrived from the start.

What would be the motive for this attack? I don’t buy the currency devaluation, but something else very tasty was going on that a distraction was needed for, SUCH AS:

You cannot “professionally wipe” a server and then hand it to ANY American intelligence agency, Hillary is BUSTED

The only way you can secure a hard drive that is actually in the hands of the NSA is to either incinerate it or shred it down to dust. It won’t matter if you use Norton Clean Sweep or some other app to purge it, even if a full write was done to the entire drive several times, enough stray magnetic data remains from past writes for the NSA to do a deep analysis of and extract – with errors, but they will at least know what is there, and THIS IS WHY THEY KNOW:

Hillary: THE ISSUE IS NOT THE E-MAILS, THE ISSUE IS THE FACT SHE HAD COUNTLESS SPOOKS INSIDE THE NSA FEEDING DATA STRAIGHT TO THE ENEMY. The mail box is just a diversion from this core fact!

The tribe controlled MSM is trying to pawn off the worst proven case of espionage in America’s history as a “mishandled mail box!” The fact the NSA never found that mail box before Hillary gutted the nation also proves that spooks inside that organization covered it all up!

Hillary’s NSA spooks really are the story of the decade

Let me say this in a very simple way:

The NSA has been able to prove that Hillary had many many moles inside the NSA that used the great surveillance power of the NSA to steal America’s secrets and hand them to the Chinese, the Israelis, and the Russians. These moles were so well entrenched and at such high level that they were able to use the NSA’s own satellite uplink to send the classified data to Hillary.

And if Hillary was able to get this done, who else was able to use the NSA as their own treasure trove of information? Having this happen clearly explains why almost ALL American companies are now Jewish owned, the Jews got EVERY PIECE OF INFORMATION THEY COULD POSSIBLY ASK FOR to assist in their final takeover and destruction of America. Nothing could be bigger or worse than that. It is GAME OVER.

And then we had the impossible Chinese blasts, right at the perfect time to take Hillary out of the news, people love fireworks and now that is all anyone cares about, and the story of the decade – the end of America for Americans goes down the toilet bowl in a great big swirling glurp.

They keep changing the story on what blew up to circumvent analysis. What I have here is what was really claimed to have blown up, and the correct answer for it.

I am not stupid at chemistry. The list of things that were given to cause the blasts does not add up, not even close. Carbide is practically an inert dust that is left laying around openly at steel mills, where melted blobs of metal often fly everywhere.

The actual material being blamed for the blast is butanone. Butanone is airplane modeling glue. You know, that stuff they banned 20 years ago because “kids sniffed it”. Believe me, if it could blow up THAT BADLY modeling glue would have leveled many bedrooms. And then we have a compound of arsenic, which had practically no potential for anything other than creating a nasty gas or burning on the ground, if that, with no boom potential at all.

So let me put it all together here, the story goes like this, if those were the only 3 items in question:

Someone managed to get a bunch of modeling glue burning. And it sat there and burned for 45 minutes (nasty fire there, tough job putting that out, but no boom potential in the context of how it was stored or to even one percent of that magnitude.)

After it burned for a good long time, enough to ensure everyone was watching, somehow some small explosions were touched off to get people to start filming.

Then the MOAB or some other huge explosive device comes in, and blows the whole place to smithereens. Bam-o, perfect show for burying the biggest known act of treason in American history – Hillary’s Wal-Mart of American secrets, open to the highest bidder. If the story is modeling glue, it does not wash for that type of explosion, it just does not work that way.

What would I believe for the Chinese blast?

I’d believe that blast if someone said five thousand gallons of acetone dissolved acetylene went off. I’d believe that blast if someone said an entire semi load of tetra hydrazine went off. But modeling glue? Whoever drew that connection should be sentenced to wearing an underwear hat at the stockade, to be buried under a mountain of rotten eggs and tomatoes. And that is why China sent nothing but weapons experts to the blast scene, 218 in total, because they are not stupid about this.

And WHY would this be done? Because a media diversion was needed to bury the fact that the NSA finally got into Hillary’s hard drive, and found text strings that identify THOUSANDS AND THOUSANDS of classified documents that were ripped right out of the NSA’s underground bases and from those bases Hillary’s spooks sent them straight up to a satellite that Hillary had been handed the encryption keys for.

Hillary had no clearance or authorization for that, this is a massive case of espionage blown wide open. And these text strings were found AFTER all the actual documents they came from were wiped from the hard drive during Hillary’s cleanup, and were found as quotes and snips in discussion e-mails her staff overlooked during the cleanup. If Hillary does not fry for this over the next few days, you can bet on America being finished. This is the litmus test.

The latest joke is that ammonium and potassium nitrate blew up. And that IS a joke, because if it is not mixed with fuel in the correct ratios it has no explosive potential at all. Stabbing at the common core with that one I guess . . . .

I know I’ve personally posted on at least 9 of the 10 listed items numerous times and pretty well get the “raspberries”, or worse yet, get ignored for doing so. People just don’t want to believe these things are happening to them, even though they are happening right before their eyes. They’d rather just go back to their favorite sitcom, or believe the lying MSM, and close their eyes to the truth, rather than confronting it and exposing it and beginning to deal with it in whatever way they can. That ostrich is the perfect picture to portray the American (and Canadian) people. The three monkeys are a close second.

Thanks for presenting this. Lets hope at least a few will begin to clue in.  All The Best……………………Silverngold

investing have any lessons for the small retail investor. Translation of large-sum investing to the small sums that individuals can invest may be a meaningless comparison. Nevertheless, I hope that Norway, unlike Alberta, has some investment guidelines of practical value for individuals.

http://www.theglobeandmail.com/report-on-business/international-business/european-business/norways-sovereign-wealth-fund/article25973060/?cmpid=rss1