and that on the day their ambassador is killed in Turkey
Will anything “fundamental” ever again help gold or would a China crisis spike the $ and crush gold like 2008? Anyone remember DB, lol?
Everyone Is Nervous” – Chinese Bond Bloodbath Reawakens As Hong Kong Stocks Turn Red For 2016
Dec 19, 2016 12:11 PM
After a brief respite, the bloodbath in Chinese bonds is back, with futures plunging back to lows overnight amid liquidity fears (short-term lending rates are inverted) and growing anxiety over China’s almost unprecedented debtload.
As The Wall Street Journal reports, a gradual tightening of short-term credit by China’s central bank – combined with rumors of liquidity squeezes at brokers – prompted a mini-rout in the country’s $8 trillion-plus bond market last week, forcing authorities to reverse course and inject some $86 billion in short- and medium-term funds.
China’s total debt surged to around $27 trillion this year, or 260% of gross domestic product, compared with 154% in 2008 at the start of a stimulus program to offset the financial crisis. It is continuing to grow at more than twice the pace of the economy.
Economists say growing amounts of money are flowing into less-productive channels, such as keeping struggling companies on life support, or feeding speculative investments in everything from property to bonds and steel.
GDXJ and JNUG
Does anyone know why GDXJ is down and JNUG is up?
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&b=5&g=0&id=p54948903150
http://stockcharts.com/h-sc/ui?s=JNUG&p=D&b=5&g=0&id=p07349553694
Maya
Blessings on your move, Maya. A Merry Christmas and Happy New Year.
Maya
Your not alone this year. I’m moving plus working and Christmas around the corner. Short time left to get things ready for movers, keeping things I need for work and friends wondering when we can meet to exchange gifts and family asking does this mean your wont be around for Christmas Eve or Christmas Day? Just gotta get it done. Onefunny comment from a friend out of state if Im leaving Calif yet. No such luck.
I guess the news out of Ankara distracted the bopster for a few minutes
Gold moved briefly through the concrete ceiling set at $1140 this morning .
Merry Christmas Maya
Have a smooth and safe move!
Russian Ambassador to Turkey shot
Russian Ambassador In Turkey Shot, Seriously Wounded In Ankara Attack
Happy Holidays to all
It’s about to get nutz for me with last minute details in the next two days. Wednesday I fly out, and you will likely not hear from me until next year. Wishing everyone the happiest of holidays! I know mine will be… despite all the work of moving.
Santa’s Coming!
http://railpictures.net/photo/599763/
Good luck with that
Taliban says ok for China to develop huge Afghan copper mine
A promise by the Taliban to safeguard the world’s second largest untapped copper deposit is being downplayed by the sitting government of Afghanistan.
In a statement on November 29, the shadowy group known for harbouring Osama bin Laden following the 2001 terrorist attacks on the United States, said that the Mes Aynak copper deposit is among those that it would allow for development.
“The Islamic Emirate of Afghanistan directs all its Mujahideen to help in the security of all national projects that are in the higher interest of Islam and the country,” reads the statement quoted by CNBC.
cont. http://www.mining.com/taliban-says-ok-china-develop-huge-afghan-copper-mine/
Good morning Oasis
TMAC Resources – Amended Doris North Water Licence Approved
http://finance.yahoo.com/news/tmac-resources-amended-doris-north-213100401.html
GoGold Announces Revenue of $16.7 Million with Net Operating Income of $943,000
http://finance.yahoo.com/news/gogold-announces-revenue-16-7-220300285.html
Mexus Santa Elena progress report
http://finance.yahoo.com/news/mexus-santa-elena-progress-report-080000977.html
Alacer Gold Announces Additional Exploration Results for Çakmaktepe and an Initial Mineral Resource in the Çöpler District
http://finance.yahoo.com/news/alacer-gold-announces-additional-exploration-110000300.html
Island Gold Mine Receives Permit Amendments to an Average of 1,100 Tonnes per Day
http://finance.yahoo.com/news/island-gold-mine-receives-permit-113000767.html
Osisko increases drill program at Windfall by 250,000 metres
http://finance.yahoo.com/news/osisko-increases-drill-program-windfall-130000391.html
Aurvista Gold Corporation Begins Ground UTEM Geophysical Survey at Douay Gold Project
http://finance.yahoo.com/news/aurvista-gold-corporation-begins-ground-130000139.html
Strategic Metals Ltd. Announces Spin-out Transaction To Create Trifecta Gold Ltd.
http://finance.yahoo.com/news/strategic-metals-ltd-announces-spin-140000672.html
Brixton Metals to Acquire Gowganda Mine from Tahoe Resources
http://finance.yahoo.com/news/brixton-metals-acquire-gowganda-mine-140000260.html
Re: Posted by goldielocks @ 1:03 on December 19, 2016
Brought tears to my eyes. Thanks goldielocks.
Silver Train
Yes, it’s a bit chilly. But the silver train will keep you warm.
http://www.railpictures.net/photo/599055/
Send me an Angel. Sometime you don’t need to be asked to act.
A christan ” Arab ” christan friend sent me this. He said it made him cry, good enough to pass on.
As noted in a posting here a few days ago, Egon Von Greyerz has recently recorded his very
positive outlook for the future of silver as a vehicle for protecting one’s wealth, just as he has always been positive about gold for the same purpose.
In the past few days I had the opportunity to check out the”Revised and substantially enlarged edition” of Willem Middelkoop’s ” The Big Reset. War on Gold and the Financial Endgame”. In 2014 I had read his first edition and have not now noted any major changes to his main 2014 conclusions and predictions. It seemed important to check that out because the prologue to his 2015 edition states that “This revised edition contains an extra 30,000 words analyzing the latest developments, since the first print early 2014”
One significant addition that did catch my attention indicates that Middelkoop displays the same optimism for silver as a store of wealth as Von Greyerz has recently stated . The following sentence from page 265 of Middelkoop’s 2015 edition stood out for me: “I would like to add that physical silver is an even better investment. At the moment of writing (summer of 2015) gold is over 75 times more expensive than silver. Historically, the norm has been ten to 15 times. Given the growing shortages in the silver market I expect an enormous re-rating of the ‘poor man’s gold”
If Von Greyerz and Middelkoop, and Eric Sprott too, have positive views about the future of silver, relative to gold, I am content to keep our present allocations, which are more heavily weighted to silver than to gold.
Wishing happy wealth protection to all. Equiz
Ain’t that a B ha ha Their sick of these self absorbed A holes.
Breaking: Crew Of Air Force One Refuses To Fly Obama 6000 Miles ‘Just To Play Golf’
After eight years of flying to Chicago for White Castle burgers, bringing Michelle Obama to LA for the afternoon for a hair appointment and taking the Obama girls to a park they like in San Fransisco to walk the dog on the government dime, the crew of the famed Air Force One has said enough is enough.
Obama was set to leave Hawaii tomorrow, just for the day, to meet with a pal 6000 miles away for a round of golf. The Captain of the President’s plane told him that unless it was official business from the office of the President, he wasn’t obligated to fly him anywhere.
Obama will fly out on the Air Force Osprey they use to transport the family dog, BO, who was forbidden from traveling on the President’s big plane after he peed on the leg of the French foreign minister during one of Michelle Obama’s lavish vacations. The Osprey, which costs less to fly than a 747, is still going to cost the American taxpayer $2 million for the day.
It’s a fairly well-known fact that after about 150 words and a picture that may or may not be related, most conservative readers will stop reading and go comment that the Muslim should be executed for playing golf. Therefore, less than 20% of those who clicked this article will have made it this far.
This is where you find out that you are a pile of idiots; a mountain of mental illness. No, the President didn’t try to commandeer Air Force One for an afternoon of golfing. He’s on vacation in Hawaii, you morons. Please do us all a favor and wipe that angry look off of your face before you hurt yourselves. Also, if you could not take bullhonkey seriously and abuse the family pet or a local pizza place we’d greatly appreciate it.
Thanks in advance and as always, get bent, you stooges.
Maya
Took these in front of a friends house this morning at only around 150′ above sea level. I had to cover some strawberries last couple of nights. They survived somehow. People were sliding down hills in some places because they usually don’t need snow tires. This isn’t snow its ice.