Loading ...Breaks my heart it does. Even the thieves are failing.
All this bad economic news out and gold can’t get any traction. Almost feels like some entity is smashing us down … 
Maddog
ipso-facto
Banks getting hit as well tdy, DB dn 2.5 % and counting….GS has dumped a load of Scum…..I know that will make us all sad.
Seems even the Uber Scum can’t make money out of Investment Banking..then again why would anyone buy anything from them, that is guaranteed to ruin you !!!!!
http://www.zerohedge.com/news/2016-06-01/goldman-fires-dozens-investment-bankers
US coal ash highly rich in rare earths, scientists find
US scientists have found what it could be key for the future of the country’s ailing coal industry as they detected that ashes from local operations, particularly those around the Appalachian region, are very rich in rare earth elements.
Researchers from North Carolina-based Duke University analyzed coal ashes from coal-fired power plants throughout the US, including those in the largest coal-producing regions: the Appalachian Mountains; southern and western Illinois; and the Powder River Basin in Wyoming and Montana.
One of the team main conclusions was that coal waste generated by the Appalachian coal operations was the richest in rare earth elements, containing 591 milligrams of the coveted elements per kilogram of ashes
cont. http://www.mining.com/us-coal-ash-highly-rich-in-rare-earths-scientists-find/
A Russian warning
We, the undersigned, are Russians living and working in the USA. We have been watching with increasing anxiety as the current US and NATO policies have set us on an extremely dangerous collision course with the Russian Federation, as well as with China. Many respected, patriotic Americans, such as Paul Craig Roberts, Stephen Cohen, Philip Giraldi, Ray McGovern and many others have been issuing warnings of a looming a Third World War. But their voices have been all but lost among the din of a mass media that is full of deceptive and inaccurate stories that characterize the Russian economy as being in shambles and the Russian military as weak—all based on no evidence. But we—knowing both Russian history and the current state of Russian society and the Russian military, cannot swallow these lies. We now feel that it is our duty, as Russians living in the US, to warn the American people that they are being lied to, and to tell them the truth. And the truth is simply this:
If there is going to be a war with Russia, then the United States
will most certainly be destroyed, and most of us will end up dead.
GM sales for May down 18%
Spin that one!
Research: Long-Term Use Of Benadryl, Many Over-The-Counter Cold Medications Linked To Dementia
NEW YORK (CBSNewYork) — New research is warning about a possible link between a very common allergy medicine and dementia.
CBS2’s Dr. Max Gomez reported that long-term use of an antihistamine known as diphenhydramine, which is commonly sold as Benadryl and included in many over-the-counter medications for cold and allergies, may increase the risk of dementia and even cause irreparable harm.
Diphenhydramine, which also causes drowsiness, is in popular sleep aids such as Tylenol PM, Advil PM, and ZZZQuil.
“I would take these medications myself only very rarely and I will try at all costs to avoid taking them for a long term,” Stanford psychiastrist Barbara Sommer said.
cont. http://newyork.cbslocal.com/2016/05/31/study-benadryl-dementia/
Good morning Oasis
Globex Options Ramp Gold Property to RJK Exploration
http://finance.yahoo.com/news/globex-options-ramp-gold-property-154602352.html
Aurcana Initiates PEA on Shafter Silver Project
http://finance.yahoo.com/news/aurcana-initiates-pea-shafter-silver-210000968.html
Lupaka Gold Reports Financial Highlights for the Period Ended March 31, 2016 and Extension of Pandion Financing Mandate
http://finance.yahoo.com/news/lupaka-gold-reports-financial-highlights-000000480.html
Alexco Initiates 2016 Bermingham Exploration and Other Work at Keno Hill
http://finance.yahoo.com/news/alexco-initiates-2016-bermingham-exploration-080000634.html
I propose goldilocks
You should change your handle to Armstrong. You talk about that clown too much
Maddog @ 5:42 Good Morning, That Article Makes a Lot of Sense
As I watch this ole world spiral out of control I thought that article probably lays out what ‘Ace’ the Banksters and the Elites have up their sleeve to continue the funny money games. And I am sure that they, knowing what their next move will be, will once again rake in Trillions and extend their reach and power even further. Course now, there is the Trump factor….and perhaps a ray of hope.
Hope Floridagold is stocked up on the popcorn. Its gonna be a hell of a show.
silverngold @ 23:33 Need More Reporting Like This !!
Those Panama Papers are not getting nowhere near the exposure, closer look, than they deserve. Figure the article you posted covers .00000001 percent of the corruption that government officials are involved in.
Was talking about Belize and some other Central America countries and they quipped about the Third World and the corruption of governments. Found their view hilarious in light of the greed and corruption of our own government at any level. ( Except for our Silver Rider ). Anyways, aint no Third Worlder got any thing over us, not even close ! When will Americans wake up? Figure most never will is the sad fact.
Just getting back from a short out of town ‘vacation’, and trying to get caught up, See ya later, Farmboy
Helicopter money and the PM’s Third wave
Elliot wave analysis strongly suggests we are in the very early stages of a Cycle degree 3 rd wave up in Au and the Shares, which will last years. So if TA is massively bullish it would be good to have some fundamental backing…..well there is, as there is increasing talk that as QE ain’t working, the CB’s are going to have to use Helicopter Money…..
The notion of helicopter money – having a central bank issue new money to pay for government spending – could also be used to finance the US deficit, and eventually, to fund a budget surplus that could pay down the national debt.
This idea – often associated with economic basket cases such as Venezuela and Zimbabwe – has until now been left untested in the modern era.
It may get such a trial next month, when Japanese policymakers meet to discuss their next salvo against deflation in June.
“There has been more and more talk about what central banks could do should a recession come”Toby NangleJapan’s central bank, which has already experimented with mass quantitative easing and negative interest rates, is viewed as being on the cutting edge when it comes to unleashing monetary stimulus.
George Saravelos, a Deutsche Bank strategist, says that “with Japan fast approaching the limits of its existing reflation project, it is a canary in the coalmine for the next global policy innovation”.
Japan Is First To Panic; Won’t Be The Last
What does this mean? In a nutshell, the next phase of the global economic crisis has begun. First, governments responded to the 2000 tech stock crash with lower interest rates and big deficits. Then they responded to the housing/banking/derivatives bust of 2008 with even lower interest rates, bigger deficits and experiments like QE. Then they responded to the resulting anemic recovery with negative interest rates and more QE.
None of the above has produced the kind of growth in the US, Europe or Japan that slows the upward march of debt/GDP, which means everyone is still digging their own financial graves. Since this is not an acceptable long-term strategy (eventually the sides of the hole cave in and bury you), something else has to be tried by the people who hope for re-election a few years hence. So now we’re back to massive deficits, but with a negative interest rate twist. Think about it: When a government issues negative-rate debt, it earns a profit on the transaction. And when it sells its debt to its own central bank it in effect owes the money to itself. A site called Forex Live just published an interesting analysis of this unprecedented situation:
A paradigm shift is under way on deficits
If you can print your own money, you can issue unlimited amounts. The only risks are inflation and a decline in the currency.
It just so happens that inflation and a decline in the currency are exactly what many governments want.
In the developed world, inflation is non-existent and the currency war rages. The trump card in that game is default via monetization and it’s coming.
The dominant ethos of the past 25 years has been a drive towards fiscal discipline. Politicians and political commentators have built their reputations and careers as misers. There is something inherently, almost pathologically wrong about defaulting.
That will all change.
The idea of default sounds like it would create panic; if not in the streets then in markets. But it’s easier than you might assume and it will happen sooner than you think.
The hard part is already done. It’s simply a matter of taking the debt the central bank already owns and writing it off. To ease the shock value of it, the debt will simply be converted into bonds the central bank will continue to ‘own’ but will have 0% coupons and no maturity.
Japan will be the first to do it
Japan is a demographic nightmare and has been unable to stir inflation for the past 20 years despite zeroed out rates. The debt-to-GDP ratio is a mind-blowing 227.9% with a fresh stimulus budget coming. There is no way out.
At the moment, the BOJ owns 35% of Japan’s government debt and at the current pace of buying it will hit 63.3% at the end of 2020. With the stroke of a pen, all that could disappear.
I don’t even think it would be disruptive. The central bank could launch a new round of QE at the same time as the announcement and keep control of what’s left of the bond market. At the moment, Japanese 10-year are yielding -0.11%. The means you have to pay interest to the government just so they’ll give you your money back in 10 years. Almost everyone who owns Japanese bonds is an insurance company or pension fund that has no other choice.
How do markets react
Governments face hard choices but they will find that monetization is far easier than Eurozone-style austerity (how many governments won re-election after that?) or stalled out growth.
Certainly in the first episode there will be some worries in markets. Gold will undoubtedly rally and the currency will decline. It may even create some inflation.
But like QE, the first forays will be small and governments will quickly fall in love with the ability to spend in ever-larger amounts.
This is disturbing on a lot of levels, but it’s also quite conceivable. When governments figure out that in a world of deflation (caused by the industrial overcapacity and bad debt from their previous policy mistakes) they really can borrow and spend whatever they want — and if it causes inflation, well, great, they win the currency war — then the floodgates will open.
Japan, as it has with past monetary and fiscal insanities, is leading the way. And if history is any guide the rest of us will follow along shortly.
http://www.zerohedge.com/news/2016-05-31/japan-first-panic-won%E2%80%99t-be-last
Abenomics “Death Cross” Strikes As Japan PMI Plunges To 40-Month Lows