silver standard breaks ten, first majestic breaks twelve.

i’m enjoying this 🙂

all the metal miners indices – gdx, gdxj, xau, and hui are solidly green

the broad market indices – naz, dow, s&p are all red.

deck the halls with boston charlie!

12 Signs That A Cloud Of Insanity Has Descended On The Land

slw just broke above the $20.00 line!

Haven’t seen any big news on First Majestic today. Maybe they’ve just been undervalued?

http://schrts.co/3wkWNe

STUNNER: Saudis Forcing US Navy to Use SILVER BULLION to Pay For Fuel! – Jim Willie

http://www.silverdoctors.com/gold/gold-news/stunner-saudis-forcing-us-navy-to-use-silver-bullion-to-pay-for-fuel-jim-willie/

I looked around a bit to see if I could find the source of this story, that the US Navy is being forced to pay for fuel with silver and all the articles came back to Jim Willie.

A South African court has allowed thousands of former mineworkers to proceed with a class action seeking damages from mining companies for lung diseases they contracted while working at their operations.

“Class action is the only realistic option through which most mineworkers can assert” their constitutional rights, Deputy Judge President Phineas Mojapelo said at the South Gauteng High Court in Johannesburg Friday. Otherwise, “impoverished, indigent workers won’t be able to access justice,” he said.

Current and former mineworkers who contracted silicosis and pulmonary tuberculosis and the families of employees who have died from the diseases are eligible to join a suit, which may amount to as many as half a million people, Mojapelo said. The action would sue 32 mining companies for damages caused by unsafe working practices, lawyers for the applicants say.

Silicosis, a lung disease caused by inhaling dust from mines, causes scar tissue in the organs, increasing vulnerability to tuberculosis that can kill more than half of sufferers if not properly treated.

cont. http://www.mineweb.com/news/sustainable-mining/south-africa-gold-mines-face-500000-strong-suit-diseases/

Avino Reports Q1 2016 Financial Results

http://finance.yahoo.com/news/avino-reports-q1-2016-financial-025800275.html

Canadian Zinc reports financial results for first quarter of 2016 and operations update

http://finance.yahoo.com/news/canadian-zinc-reports-financial-results-110000716.html

NV Gold Announces Share Consolidation

http://finance.yahoo.com/news/nv-gold-announces-share-consolidation-113000559.html

Independence Gold to Acquire the Rosebute Property, Yukon

http://finance.yahoo.com/news/independence-gold-acquire-rosebute-property-120000164.html

Brazil Resources announces NI 43-101 gold resource for the Raintree West deposit within the Whistler Project, Alaska

http://finance.yahoo.com/news/brazil-resources-announces-ni-43-120000014.html

I will give some of my experience to anyone who will listen in the interest of Making America Great again…

The Donald has shown the best and closest knowledge of what went wrong !  Just watch his attacks on the Media since they were a chief cause of the corruption between Unions and Government ..they controlled PUBLIC OPINION…..They advanced the proposed idea that Americans dont want those jobs !   The big LIE ..The same tactics the Communists were so successful at.   Just look at Cuba ,Venezuela and you will see Americas future !   Russia with Reagan and  Margaret Thatcher and Pope John s help crushed the communists in Russia and it was the only country that successfully evicted them as their leaders.  Russia evicted  and jailed the Communist Jews and the war continues today …Now dont go calling me a jew hater like the Media is quick to do because all my business associates in NJ were JEWS and they were decimated and their businesses were ruined just like mine was ….Its the Communists that needs to have a Silver stake driven into them..  I did good business with Jews  so dont blame them either ; for 60 years and some family members are married to them. Its the POWER hungry One  World government people that are the problem like Rockefeller and the Bankster associates…BIG is NOT BETTER ..Central Power is a huge mistake ,just like Central Banks are ! Its a Giant SQUID ~BREAK them UP DONALD !

Teddy Rooseveldt understood the problem ..the TRUST BUSTER !   Andrew Jackson understood it well ..the Bank BUSTER !

What we NEED NOW is a MEDIA BUSTER !   Without Media control of Public OPINION they will fail and the People will Prevail again just as Jefferson and Madison envisioned .

http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer

The range investors are looking at in oil is between 40-60.

So now that oil is nearing 60 there could be a cue to profit taking at this point.

Heres a editorial from Juback writers.

Oil hit a six-month high on Monday, May 16, on unexpected supply outages from Canada (wildfires in the Alberta oil sands region) to Nigeria (pipeline attacks.) That has led to an extraordinary consensus among Wall Street powers. Goldman Sachs, Morgan Stanley, Barclays, and Bank of America Merrill have all decided that supply has come back into alignment with demand much more quickly than expected. Demand will indeed outrun production in the second half of the year, they project. And that will take the price of oil to $50 a barrel (Goldman) to $54 a barrel (Merrill Lynch) in the fourth quarter.

I can see two problems with these projections–even if they are accurate–for investors and traders trying to make a profit in oil and oil stocks.

First, with oil closing at $47.72 a barrel (West Texas Intermediate) and $48.97 (Brent) Monday the market is getting very close to the target prices set by Wall Street analysts. At what point, I’d ask, do traders decide that it’s not worth hanging around for another $2 to $6 a barrel by the end of the year? In my opinion you should expect, relatively soon, a serious bout of profit taking before the market resumes any march to those end of the year targets. A consensus like the current one among Wall Street oil analysts makes me nervous. The most likely result is a crowded trade as everybody buys the consensus–until, that is, they don’t. Remember the sage advice of Yogi Berra (speaking of restaurants and not stocks, I grant): Nobody goes there anymore; it’s too crowded.

Second, this consensus also sees a return to an excess of supply over demand in the first half of 2017. Goldman, which raised its end of 2016 forecast to $50 a barrel from the $45 it projected in March, also cut its target price forecast for the first quarter of 2017 to $45 from $55. (Goldman sees oil then recovering in price to $60 a barrel by the end of 2017.) Higher oil prices leading to increased production plus the end of some of the current supply disruptions will see a return of the imbalances in the market.

And because stockpiles remain so high globally it won’t take much of a shift in supply/demand expectations to create major uncertainties in the oil market and move prices back down again.

In the very nearest term, however, prices should continue climbing this week on forecasts that on Wednesday the US. Energy Information Administration will report a 3.5 million barrel reduction in inventories. This would mark the first two-week decrease in oil inventories since September after inventories fell by 3.4 million barrels in the week ended on May 6. That brought U.S. stockpiles down to a mere 540 million barrels, the highest level in more than eight decades.

Even Armstrong mentioned Unions taking jobs from others then charging more probably by bribing lawmakers. Be it businesses doing it to monopolize, Unions, even Pharma manufacturers who it’s said spend the most including to use politicians to mandate vaccines or presumably look the other way with gouging prices not to mention regulations put in the right place to acknoledege adverse infects be statins or aspirin in OTC medicines people aren’t aware of because they don’t recognize the print acetylsalicylic acid is aspirin. Last I looked and been sometimes didn’t see a warning on pepto bismol didn’t put that warning that could put children at risk of Reyes during flu season causing death. There’s many.

I guess the first step is preventing and making it a crime thats inforcable either directly or indirectly including donations for them to bribe the gov. In effect we the people are the gov and they are there to represent the people so some checks balances must be in place. Also business should be able to refuse to be unionized and not be forced into it. One thing Trump has going for him “right now” is that he won’t be so easily bribed. I watched in disbelief whole hostess Twinkies company was being bullied by unions told them they couldn’t afford it they were just recovering from bankrupsy they would shut down. They continued nevertheless and they shut down. They lost their jobs. Current unions should have people that understand business better. I know Trump is aware of the dammage they can cause not just talking their bottom line Ive seen the other side, and no fan of unions. Bernie on the other hand has union backing. What does boggle my mind about Bernie supporters is why aren’t they going after Hillary? While their busy trying to harrass Trump rallies and another anti establishment Hillary is moving up in the polls against Bernie and their helping by directing that attention away from her. They can’t see the media manipulation or the forest before the trees.

Maybe Ill buy Gold and sell it in China tomorrow !    Thats where the action is ..not in corrupt America….!  Them I put my savings in Switzerland and my business in China …they know how to treat capital  that creates jobs ..I guess Ill become a perpetual traveler  and stay one step ahead of the crooks.

I get the feeling you have NO IDEA what manufacturers  had to deal with  ! for the last 40 years ..The Garment industry felt the problem FIRST because it was LABOR intensive ….!   So that made it an easy target to sell out to cheap labor political deals….

NOW the auto industry ,the air conditioner manufacturers ,the Hardware of all sorts are just beginning to get an understanding of the genesis of how it all started !.   Corruption in Government was a prime cause because they got in bed with the Unions and the RULE MAKERS ran the system into the ground NOT the Manufacturers !  ..DEAR Donald ….Dont threaten them with TAXES  they were not the PROBLEM ! They were DRIVEN off shore …NOT by GREED ,but by SURVIVAL  instinct.  driven by cheap off shore labor ….

The Liberal Media started a PROPAGANDA WAR to to aid the Political process calling the americans “greedy ,sweat shop operators ,unfair to women ,racists and every name they can think of to garner public opinion against American manufacturers ..somehow they became the enemy …those that employed American workers  !  Those Americans dont want those kind of jobs was the big LIE  ! and the public and women voters believed it and voted against American manufacturers.Just ask the Shoe and Furniture  manufacturers too…they were the second group to be victims.

The choice was give up your market to their cheap Labor manufacturers   or go offshore yourself and become a cheap labor manufacturer yourself  …Dont blame the American manufacturers or American workers !    Government created the problem !  I doubt FORD motor company can be bullied to come back ..they will simply create more off shore manufacturing until the US has absolutely NONE left .

So where are you going to get your cars from….Just wait until the unions get hold of TESLA cars and their battery manufacturing …They will subsidize them at first then move in to control them later with their Unions and Gubberment Regulation cronies and its good bye TESLA…by then Germany and Japan will be making electric cars in Timbuktoo !