Loading ...But the lyric is…”We tease him a lot because we’ve got him on the spot”. He he
Cheers, I missed you around the pond.
Thanks For The Welcome Mat !
Buygold, Glad to see you are still in the fight and hanging in with the best of em. Yep, backing away from these markets for the most part was a pretty good idea. I am beginning to think perhaps the best thing a goldbug can do is to step out of the way of the robo printing presses, stack a little as one is able, and wait for the end to this illusionary market crap to reach its final conclusion. Seems the prudent thing for me at this time.
Goldilocks, Happy to hear that you are still out and about gal. Sure hope all is well with you these days. Have you been able to slow life down a little or you still running 90mph like you used to? I will be happy to teach you the fine art of afternoon naps if you have the time. (grin)
M3, Appreciate the tune from last evening. Can see you still are the resident DJ at the Oasis. A Good thing to be counted upon. Blessings to you brother from another mother. Thanks for keeping our spirits alive with the musical interludes.
Redneck, Don’t reckon there is a man alive that can come up with as much junk to buy as you do. That Dodge is in worse shape than our economy and welfare state combined. Im thinking maybe if we passed the hat around here we could all send you a can of spray paint to dress her up a little. Colors may not exactly match, but then, the coat of many colors she wears now aint much to be said for is it? Course, you could just do nothing because I hear rust is the new chic color up northern ways. Thanks for the shout. Hey, I have some used sandpaper I could send you if you decide to paint that ole truck….oh….nevermind. lol
Ipso, I see you are still doing a yeoman’s work around the Oasis with all your reporting and charts. I have been doing a cost analysis of mine own and figure if Gold went to 30,000/oz and you owned all the Gold Eagles in the world you would have been paid about .10 hour for all the time you have put into providing us with all that information over the years. Well, better than hanging out at the Seniors Center and trying to trip some cutie for a date. Thanks for all you do. BTW, I think one chart sez it best when we are talking world economies. Nothing like staring at the Baltic Dry Index chart until it really, really, sinks in and you can see its message even with your eyes closed, “Busted !!” Lets see how the bankers paper over this one.
Ipso re: Holter
We’ve heard this story for a very long time and the criminals have been able to paper over or change accounting rules to benefit them every time. I’m not sure why this time will be any different. When you own the printing presses…..you know the rest.
Nice day for pm shares, stocks that have fallen 90% fall another 5-12% really good stuff.
The Land of the Free?
It’s Like “Nazi Germany” — Federal Police Officer Furious After Cops Attempt to Rob Him & His Wife
Nashville, TN — In May of 2014, Ronnie and Lisa Hankins were driving back from his grandfather’s funeral in Virginia when they were targeted by a gang of police officers in search of cash.
As Lisa drove the couple westbound down I-40, they saw an officer, who happened to be with the 23rd Judicial District Drug Task Force, and Hankins correctly predicted that they were about to be pulled over.
“I told her we are going to get pulled over,” Ronnie said to NewsChannel 5.
“What made you think he was going to stop you?” NewsChannel 5 Investigates asked.
“Because we had out-of-state license plates and my wife is Hispanic,” he explained.
The couple was then pulled over, and the officer quickly separated them before beginning his harassment of Lisa. In the video, the officer is heard badgering Lisa in an attempt to get her to consent to a search.
“You say there’s not anything illegal in it. Do you mind if I search it today to make sure?” the officer asked.
Lisa responded, “I’d have to talk to my husband.”
The cop continued to intimidate and harass her, “I am asking you for permission to search your vehicle today — and you are well within your rights to say ‘no,’ and you can say ‘yes.’ It’s totally up to you as to whether you want to show cooperation or not.”
Knowing that they had done nothing wrong and the officer had no reason to search them, Lisa continued to assert her rights and refused the search.
“You have to either give me a yes or no,” the cop continued. “I do need an answer so I can figure out whether I need a dog to go around it or not.”
After going back and forth and realizing that this couple was not going to give consent, a second officer brings out a drug dog. As the Free Thought Project previously reported, data shows that police K-9s will alert almost every single time they are called out, regardless of the presence of drugs.
The Hankins’ case, on the side of I-40, was no different.
“We’ve ran a dog, and the dog’s alerted on the vehicle. So we are going to be searching it, OK? And whatever is in there we are going to find in just a second,” said the officer to the couple.
“There’s never been any drugs in the vehicle and never will be,” Ronnie declared.
Ronnie became furious as he knew that the dog did not alert on his vehicle; he knows this because he is also a cop. He’s a federal police officer at the Marine Corps Air Station-Miramar in San Diego.
Those Saudis…
THEIR ALL TURBAN AND NO CAMELS …..HEHE
MY PREVIOUS PEACE PLAN WAS BETTER
I suggested the US build at No expense to either Israel or Saudi two of the Largest Worlds Nuclear Power Plants in Jerusalem and Mecca and supply Free electric Power to all withen the range if they would move there ! That way if Muslims or Jews bomb each other the Whole Fuckin place becomes radioactive for a thousand years …problem solved …Peace for a thousand years …This new plan is a varient of my plan using Nuclear Weapons instead …Oh well choose your poison if you will,,it dont matter to me .
I still think Nuclear Power was a better idea !
From Murph tonight=the XAU was making new lows below 40, which is more than 1/3 lower than when The Café opened with the price of gold below $300 an ounce.
The most disturbing aspect of the morning was the battering of the HUI, which was way over the top weak early on and down over 5%. It fell to the very bottom of its massive base to below 101, and then took out 100. Meanwhile, the XAU was making new lows below 40, which is more than 1/3 lower than when The Café opened with the price of gold below $300 an ounce. Should the HUI take its base out, there is the potential is for a sizeable number of stops to be set off. Should that occur, it will turn our massive base into a massive top formation.
Peddling Fiction
By Bill Holter
“Peddling fiction” …this is what Mr. Obama said of anyone who believes and says the U.S. has a weak economy. How ironic he should say this when he did, the State of the Union address? I mean the timing could not have been any better! In a week where oil prices hit a 14 year low, freight rates at over 30 year lows, equity, credit and FOREX markets all over the world crashing and derivatives blowing up. How do we know derivatives are blowing up? Simply because the Dallas Fed has given their banks permission not to mark energy debt to market. In essence, the Fed has instructed their banks TO PEDDLE FICTION!
One must ask the question(s), how can the Fed really do this as accounting firms must sign off on any audits or official financial reports? Do the accounting firms also get “special waivers” to lie or as our fearless leader says “peddle fiction”? Also, how can the Fed really do this with a straight face? Did they really believe the markets would not sniff this out?
Just as I was about to send this post out, the Dallas Fed responded to Zerohedge and said they did not “issue such guidance to banks”, the follow up story is here. I personally hope this is true as “reality” will be pulled forward, …one can hope! (This is a very important revelation, I plan to write again tomorrow regarding the Dallas Fed’s denial tweet).
Now, we await to hear individual names of “who” is in trouble. We have already seen Glencore and other commodity trading group bonds collapse. The credit markets have already discovered Citi and Wells Fargo have just “non” reserved for almost no losses in their energy portfolio. Is this credible? Somewhere $500 billion and $1 trillion has been lent into the energy industry over the last 30 months …with probably a minimum expected oil price of $70, is ANYONE profitable at $29? The rubber will surely meet the road in this market!
While on the subject of fictional accounting, foreign central banks have off loaded some $1 trillion worth of “reserves”, specifically U.S. Treasury securities. There is only one problem with this, there has been no accounting anywhere publicly on the other side of these trades. Who bought these Treasuries to provide the cash? Where are they accounted for? Most probably the ONLY place where this size transaction could be done in the darkness of night would be the ESF (Exchange Stabilization Fund chartered in the 1930’s). For $1 trillion worth of securities to go unaccounted is not small potatoes, the only other such “misplacement” was back in Sept. 2001 when it turned out the military could not account for $2.3 trillion but that was overshadowed the following day with the “other” news.
As for peddling fiction, if the BLS used the “old fashioned” unemployment numbers (U-6) they used to report, the U.S. would have 9.9% unemployment. If they decided to go entirely non fiction the number according to John Williams is 23%! In a nation of 330 million, we have 94 million “no longer in the work force” and 46 million unable to feed themselves …30% and 15% respectively. Are these 94 million, independently wealthy and do not need work? If we were living in a day of still photographs and radios, the food lines could mostly be hidden. Since we live in a world where everything you do is recorded, these “food lines” are erased by EBT transfer payments …problem solved (at least publicly)!
A little off subject but how about the timing of the Iran deal? They are now allowed to sell oil at what Wall Street has already called “bottom”? Are we now looking for another, future bottom? Also, they now get their hands on somewhere near $150 billion in previously tied up funds. What will happen to the institutions who will need to credit these funds and forward to Eastern institutions? Another question, one many have simply laughed off as not doable …what if Iran took a “small” amount, say $10 billion and bought gold with it? What if they had a “crazy” (and angry) man at the helm and decided to take those funds and bid for every gold ounce for sale on the planet? Might this be a financial nuclear bomb …? I am not saying they will do anything other than tend to their own business with these funds, what I AM saying is, we just handed them a very big and very loaded financial gun!
Folks, it is what it is and the global margin call is being issued with no hope of it being met. The real economy is now contracting with a financial economy more leveraged and in debt than ever before under any measurement. “Less income and less cash flow to service more debt than in all of history” … this is not fiction, it is stark reality. Now, we must watch to see what the responses will be as the markets overwhelm all plunge protection teams, central banks and sovereign treasuries. In plain street language, the markets are now far larger and far more disorderly than the smoke, mirrors, lies and abilities of the financial puppeteers to handle.
We will shortly be hearing individual “names” as we did back in 2008. Names like Fannie and Freddy, Lehman and Merrill, Citi and AIG. Once you begin to hear “names”, we will be very close to the plug being pulled on markets. When you hear individual names it will be like blood in the shark infested waters of the speculators. These names will be attacked to the death. Counterparty risk will be back, first and foremost in decision making, NO ONE will be trusted. Credit markets will begin (they already are) to seize up and the only “policy option” will be to unplug the computers! I wish it were all fiction!
Standing watch,
Bill Holter for;
Holter/Sinclair collaboration.
More Au bearish news
Stocks Slump After Saudis Threaten Nukes Against “Nefarious” Iran
Any body know
somebody RUNNING MONEY ? JESSIE LIVERMORE WHERE ARE YOU ?
If we target them
one at a time and pile on ,,,we can run a Sniper orperation if we find the right Hedge Fund to join with us ! Go after the Darlings of the Media like FB, Apple ..run a Propaganda operation to cast aspersions on their earnings and Future prospects just when it hurts them the MOST ….THIS is WAR !
Im not talking about BUYING anything …IM talking about SHORTING our enemies …WHEN YOU SHORT YOU GET PAID up FRONT !
WE can supply the PROPAGANDA and co-ordinate with a GOOD SHORT TRADER ! THE TIME IS RIGHT !
Fat Lady not singing yet
In fact, still not even in the audience. Protective puts was the way to go and that’s what I did. Now resisting still the urge to book substantial profits. That’s reality, not hopium. Still way to early to buy calls.
Ororeef
They have unlimited buying power, they have unlimited power in every mkt…..
There is no-where to invest as of now, that makes any sense, other than Phys and some miners and even they are now vulnerable.
Now decided to sit on the sidelines.
Too much stress, even with good shares. Hope it’s not too long before we can get in again. I still think Australia is the way to go though.
WE need to get together with a good trader
and hire him to run a RAID on the DOW now that they are vulnerable ……Who knows the right GUY ?
Knocking Down PM’s
Do you want a war ? If you dont stop knocking down GOLD & SILVER we are going to SHORT the DOW just when you are MOST vulnerable
Thats how we get even with the traders …WE need to organize the AU &AG guys into a SHORT operation that will make their heads SPIN
The money we make on our SHORTS we buy AU &AG ……What say you all ? Do we organize into a SHORT DOW and FIGHT BACK ?
Classic Scum action into the close
ramping the SM and Dollar, no matter how much selling around, as the Hui sits on lows, kept there by the Scum.
Auandag
We’ve broken big TA levels tdy, so that has produced selling of the shares….but I agree why did those levels get taken out, when both metals were unch or up….and weak Oil is helping bring down costs.
Looking at the SM it is no longer buying the Rig, despite being up 300 plus o/n, the scale of the redemptions is overwhelming it…they knew about all this selling, so had to kill any arb developing in the PM shares …….if they had rallied off that now broken base, they could have gone a long way, hence they had to be drilled.
That said the Rig is still dieing.
Whenever something really bad is about to hit the system, one of the first places it manifests is with an unexplainable raid on the mining stocks. I thumbed through the news announcements of every single component of the HUI index and could not find any news reports that would have triggered a 6% hit on the HUI. Some of the biggest stocks, like BVN, Kinross and Newmont are down 7-10%. Unexplainably down.
This could lead to a big attack on gold/silver, so brace yourself. It won’t last and anyone who sells into it out of fear will regret doing so in 3-6 months.
Hi Goldilocks
Nice to hear from you.
Although we live in New Zealand, the shares we hold are Australian. Lots of people seem to think we are part of Australia, but we are a different country altogether. (Much smaller, of course.)