If only commish would give me apprentice points…

Sounds like you know what it costs to build a mine. Agreed, the company deserves what they get after the brains, hard work and layout. Hopefully the mine was operating for many years and owners were well rewarded.  The “back yard” was just a figure of speech. A lot of other words I could use. Nationalism is bad. I’m just on the outside looking in. Reporting what I see. Not choosing sides. It’s not my fault that the system crashed, and what WAS isn’t what is anymore. I was always against globalization because Long term it’s not practical. Nothing lasts forever and nothing stays the same. My guess is FCX or Freeport, was screwed by the people that manipulate metals prices. Maybe FCX wasn’t profitable enough to pay decent wages and royalties?

No direct reference to commish post , but from personal experience,

women have natural acting ability, without formal acting training !!

As I recall , Cosby was said to be a regular at the Playboy ‘Grotto’ .

Great family values …Yeah , RIGHT !

never get criticized    ……How come COSBY went for ten years with a False image as “Americas DAD”that the MEDIA CREATED and NONE has said a WORD about THEM for creating such a LIE ,no criticism,no OUTRAGE   ..yet 65 women said otherwise and the MEDIA dismissed all criticism  and not ONE NETWORK TELEVISION has said a BAD  word about the NETWORK that sponsored his image making .Since his going to JAIL the silence has been deafening !

Good evening gang,

The last 5 years gold/shares sector has been the most disappointing for hard core gold bugs, even worst are the  “fortune tellers” with their crystal ball. The predictions  about direction of gold movement change every hour, Kitco included , not a sound  financial investment advice.

Still holding on  to my  300 oz of silver, (where are the Hunt Brothers when you need them 🙂  )

I have been slowly  rotating into other mining sectors such as lithium and rare earth metals, in companies that are already producing , but it appears to be public ignorance of importance of the these elements in industrial application. Lithium, EV batteries, rare earth metals in electronics and automobile industries and China is the main producer of some rare earth metal , so one would think it should do well, not so far , but public awareness may change eventually.

GT

Elon Musk Sued By SEC For Securities Fraud, Tesla Stock Tumbles: Full Complaint

https://www.zerohedge.com/news/2018-09-27/elon-musk-sued-sec-tesla-stock-tumbles-here-full-complaint

Its one thing to spend millions to discover Gold,,then invest about 500 millions more to build a MINE when the Government in those jurisdictions didnt do the hard work or make the enormous investment UP FRONT to build a Mine

and then get criticized that you did it in “someones elses back yard ” is so disingenuous …like your a thief !   Who pays for the Knowledge and  Education of the  mining engineers and Geologists expertise learned over a lifetime  and the 500 million to 1 billion it takes to get into production in addition to about 5 years of work to get the first ounce out of the Ground ..Then to dismiss that as doing it in”someone elses back yard” is very flippant to say the least !

Take the VOTE—Take the VOTE—Take the VOTE

Build the Wall–Build the WALL–Build the Wall

Lock er Up—Lock ur UP–Lock er up !

Kavanaugh  did well today    ,,and  I take back all those things I said about Lindsay Graham  ….haha

He but the Icing on the Cake today !

A headline on the Kitco home page made the following astounding statement – “Gold will rally when investors stop focusing on the short term”.

I could not be bothered to read the article, but thought I should pass this learned headline around for others to see in case they missed it. Sarcasm intended.

Cheers. Equiz

Nationalization? To convert from private to governmental ownership and control.

This is a new trend, that started after the 2008 meltdown. The meltdown was a result of the failure of globalization, and started a REVERSAL of globalization. This is simple stuff, it was obvious to me, and I posted it soon after the meltdown, that corporations operating in other peoples countries, would get their wings clipped.

I also stated a phrase, covering people and businesses, “If you were getting away with something, you have to stop because it’s going to end”. I think what is going on is “natural resource nationalism”. Even the slave owners eventually lost their gig or what ever you want to call it.

So, lets face it. Many of these mining companies (and other big corporations) are operating in somebody else’s back yard. They got away with it for decades. One by one they will have problems. On the positive side production may dwindle and drive physical prices up.

Everything is unfolding in slow motion.  I forgot to mention the candy ass sugar coated headline by the fake news media. Why did they do that? To not alert the investing public. Because this trend should grow.

Freeport McMoRan (NYSE:FCX) and Rio Tinto (LON:RIO) signed Thursday final agreements that give Indonesia a majority stake in their Grasberg copper mine, the world’s second-largest, and which would be transferred to the state-owned mining company PT Indonesia Asahan Aluminium (Inalum).

The “definitive” and “binding” agreements end a long-drawn-out, three-way dispute over the mine, centred on bringing Indonesian ownership up to 51%, a main requisite set by the government to allow Freeport-McMoRan, operator of Grasberg, to keep doing so.

It could also bring closure to years of disagreements between the Phoenix, Arizona-based copper miner and the country’s government, which last year curbed output at the mine, impacting metals prices worldwide.

Freeport, Rio formally yield control of giant Grasberg mine to Indonesia

Are they trying to bash oil down? Or over ride tariffs on imports? Don’t they know if something is priced too low it will get under produced and over used, and eventually rebound higher.

If Oil is priced too HIGH it will get OVER produced and UNDER used, and eventually rebound LOWER.

Think, remember $145/bbl down to $28/bbl. Now climbing again.

http://schrts.co/D8p1Mk

especially the large caps aren’t doing too bad considering the carnage in the metals.

Then again, there is the last hour of the day yet to come

looks like at a minimum, we have to go back down to the recent lows.

Because we can never be allowed to test a low just once.

wpm is screaming.  up about 5%.  i have always loved wheaties.  the streaming business plan is a stroke of genius.

That the precious metal complex will never recover

An WPM takes off the other direction. It makes zero sense

it’s gotta be true.  i found it on the website of the church of the flying spaghetti monster!  besides, look at the rainbow colors !!!

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Despite interest rate hike the dollar funds showing a HS and dollar weakening funds showing Reverse HS.