Wipe that industry out and there is no way the FANG’s can carry the world

Kentucky’s new Republican administration is moving forward with plans to shut down the state’s health insurance exchange, becoming the first state to cut ties with one of the key pieces of President Barack Obama’s signature health care law because of a political promise.

Gov. Matt Bevin notified federal officials in a letter dated Dec. 30 that the state exchange will cease operations “as soon as is practicable.” That will be at least a year from now, according to federal law. It will not affect health plans sold for 2016.

more http://america.aljazeera.com/articles/2016/1/12/ky-moves-to-dismantle-health-insurance-exchange.html

Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO) is suspending work at its mine in northern Greece and laying off 600 workers following protests by local residents and a fresh spat with the country’s left-wing government.

The Vancouver-based company announced the measure late Monday, saying operations at its Skouries gold mine, one of four major Greek sites where Eldorado is involved, have been suspended.

The decision comes after a year of confrontations with the Greek government that included permits being revoked and delayed by the state multiple times.

The straw that broke the camel’s back, however, was Greece’s recent decision to delay for over three years a building permit that would allow the company complete construction of the Skouries processing plant.

The project has divided residents with supporters and opponents staging multiple demonstrations and, at times, clashing. Eldorado has fought several legal battles as it has tried developing the mine.

More job cuts to come

Eldorado Gold said a further 500 jobs were also likely to be cut later in the year, and warned that it would also halt construction at its Olympias project if it did not receive a permit by the end of March. It has suspended development work its Perama Hill and Sapes projects but could restart at a later date.

It is also considering whether to freeze a future expansion of its Stratoni mine, which has around three years of life left.

The miner noted it would rather create more jobs and carry on with construction and development in Greece.

“However, we have a duty to all our stakeholders and the significant time and process risks created by Greece’s Ministry of Energy and Environment have left us with no choice but to reduce activities and personnel,” Eldorado chief executive officer, Paul Wright, said in a statement.

The firm will provide further plans for 2016 on Jan. 25.

Shares in the company were hit hard by the news, trading more than 12% lower after hours in New York to $3.07, the steepest intraday fall in a year.

Eldorado Gold halts much of its mine construction in Greece, cuts jobs

Yup it’s all been fixed, now we can go back to 200 pt up days everyday.

A few hundred thousand e-mini futures, is chump change,to an outfit that can print $ 7.7 Trillion by keying the No in and then sending it to Fall st, as a bailout…..!!!!!!

http://news.yahoo.com/didnt-know-feds-7-7-trillion-loans-wall-232402036.html

RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.

The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,” it said in a client note.

Andrew Roberts, the bank’s research chief for European economics and rates, said that global trade and loans are contracting, a nasty cocktail for corporate balance sheets and equity earnings. This is particularly ominous given that global debt ratios have reached record highs.

more http://www.telegraph.co.uk/finance/economics/12093807/RBS-cries-sell-everything-as-deflationary-crisis-nears.html

the trains are back!  Good to see you, Maya!

🙂

I often like to think that David Bowie styled himself after me …

Pretium Resources Inc.: Valley of the Kings Infill Drilling Intersects 20,000 Grams Per Tonne Gold

http://finance.yahoo.com/news/pretium-resources-inc-valley-kings-100000024.html

Richmont Annual Production Exceeds Guidance: Island Gold Delivers Record Production Significantly Above Revised Guidance

http://finance.yahoo.com/news/richmont-annual-production-exceeds-guidance-110000453.html

Premier provides year-end exploration and operational update

http://finance.yahoo.com/news/premier-provides-end-exploration-operational-111500788.html

Eldorado CEO says mining halt in Greece will cost 600 jobs

http://finance.yahoo.com/news/eldorado-ceo-says-mining-halt-111937223.html

Hecla Reports Record Silver Production of 11.6 Million Ounces and More Than 189,000 Ounces of Gold

http://finance.yahoo.com/news/hecla-reports-record-silver-production-113000895.html

Endeavour Silver Produces 7.2 Million oz Silver and 60,000 oz Gold in 2015

http://finance.yahoo.com/news/endeavour-silver-produces-7-2-115500719.html

Orbite to Pursue Gold Recovery from Fly Ash

http://finance.yahoo.com/news/orbite-pursue-gold-recovery-fly-123000179.html

Robex Resources Inc.: Production Resumes at the Nampala Mine at 1,500 Tonnes Per Day

http://finance.yahoo.com/news/robex-resources-inc-production-resumes-134500232.html

Yep. It’s a never ending merry-go-round.

Appears everything got fixed since Sunday night.

Dollar Bid, SM calling Dow plus 150 pts at least and of course all PM’s weak, with their shares due well down……nothing changes, same story every day.

Only change is that Oil has been “allowed” an uptick. Plus no-one has ever explained why Silver always falls with the Dow, due to it being an industrial metal…ha bloody ha, but never rallies with the Dow….

Now all we have to do is wait for the last hour/half hour, when SM will be ramped along with dollar and PM’s hit……then Rinse and Repeat ad infinitum.

A must read article, not sure how it will effect  all PM.

http://www.theage.com.au/business/markets/rbs-tells-investors-sell-everything-20160111-gm3ssa.html

GT

Woo Hooo!   Clear the track!  My TOR browser finally made a connection here!  Hope this is a permanent change (thanks Admins).

Still Unemployed… collecting dem ‘benefits’… hoping it costs my former employer some big premiums.  Didn’t find the house of my dreams on the trip to Hawaii… yet.

… but there’s a train comin’…

http://www.railpictures.net/viewphoto.php?id=561550

Could barely make out on my phone that news clip. They are trying to ” limit drivers right to fight a ticket?!?”  I hope they find out who thought that one up and get rid of them. Maybe they should evaluate who determines prices of them while they’re at it.

They can’t call it terrorist less they have a category for it or they admit it. They could be sued by the thugs. Read that some guy pepper sprayed some Muslins and paper all over that calling it hate crimes but their constant attacks going on they keep quiet. They wonder why MSM is loosing viewers.

U.S. Mint Gold & Silver Coin Sales Reach 81k oz, 2.8m oz On First Day

Monday January 11, 2016 16:36

Endeavour Mining Confirms ASX Delisting and Corporate Update

http://finance.yahoo.com/news/endeavour-mining-confirms-asx-delisting-191100922.html

Goldcorp will need to look outside Americas for assets, incoming CEO says

http://finance.yahoo.com/news/goldcorp-look-outside-americas-assets-195343363.html

Kinross Completes Acquisition of Strategic Nevada Assets

http://finance.yahoo.com/news/kinross-completes-acquisition-strategic-nevada-220000606.html

Eldorado Gold suspends much of its mine construction in Greece

http://finance.yahoo.com/news/eldorado-gold-suspends-much-mine-221746495.html

Centerra Gold Exceeds 2015 Production Guidance and Announces 2016 Outlook

http://finance.yahoo.com/news/centerra-gold-exceeds-2015-production-222104020.html

A whopping 45 millions Americans are now on food stamps, revealing the dire economic environment that thrusts people into poverty and despair.

With those government-funded food stamps, people are buying mostly processed junk food that promotes disease, dramatically raising healthcare costs and leading more employers to cut hours or jobs due to unaffordable health insurance mandates.

This, in turn, causes precisely the mass unemployment that puts more people on food stamps, which they almost universally use to purchase toxic, processed, genetically modified foods that worsen their health conditions.

This downward spiral is part of what’s destroying America.

Click here for the full story.

P.S. We’ve just launched PharmaDeathClock.com – check it out.

Still 5 days left. 🙂

if Hillery gets undone by her own Party  most likely Bloomberg will emerge as the Financial Engineer that tries to destroy the Builder Engineer TRUMP

It will be the last ditch effort to bring on the NEW WORLD ORDER  ..by Liberal Communists.

The Clash of the TITANS will be EPIC…..WE will either get a World of DEBT and Slavery from Bloomberg  with NO NEW Construction or investment …OR we will get a BUILDER of NEW and Beautiful places as Trump has proven he can do !

Remember when the Liberal NYC MAYOR KOCH couldent get an Ice Skating RINK built in NYC because of cost overruns and DEBT?

Guess who took over the PROJECT and built it under budget  successfully …..TRUMP.!

NOW we will see weather the Public  wants Financial Engineer Bloomberg  or successful Builder Engineer Trump ..

You will get what you deserve !

is going to lead them to Communists taking over and that spells destruction for their Industry ,Engineering and Finance  ..forget about surpluses and balanced budgets there a thing of the past …Now there looking for CHEAP LABOR where everybody gets paid the same regardless of ability or willingness to work .      Watch how the Communists feminists bleed them dry ….Its going to look like 1945 in Germany…you dont think so ?   Russia will emerge as Europes leader …they got energy,political will,public support unless the US interfers and does something Stupid like starting a War….Eisenhower warned us about the “Military Industrial Complex”,but he wasent up to speed on “Financial Engineering” dangers ….

Germany will experience destruction of “German Engineering” and replacement by “Financial Engineerings”    ..Americans have some experience with that !    In one word I can explain it…”DEBT”.  The Banksters are at work there….The Fems and Commies have formed an AXIS of destruction ……

The Commies are using the Muslims to infiltrate ,and bankrupt them as they eventually put them all in DEBT.    The NEW Financial Engineering in Germany  will NOT be anything that adds to their well being …..The leeches will bleed them dry !   The average German will confuse Financial Engineering with the OLD German Engineering   to their demise….Engineering aint what it used to be…..