What is going on with the Republicans?
Hour 1:
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Hour 2:
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Russia and China sign natural gas pact. What is going on with the Republicans? And of course a bit on domestic and international economic issues. Enjoy!
Hour 1:
- Segment 1: Valentin Schmid, Business Editor of The Epoch Times, discusses the recent agreement between Russia and China pertaining to natural gas.
- Segment 2: Mark Fralich and Tom Callicrate discuss a new exploration company, Idaho North Resources.
- Segment 3: Our third segment features a relatively new guest, Gary Christenson of The Deviant Investor, chatting about the gold and silver market.
- Segment 4: Gary Savage of Smart Money Tracker, Rick Ackerman of Rick’s Picks, and Chris Temple of The National Investor, round out the first hour with an economic discussion.
- Segment 5-6: We open the second hour discussing politics on a national level with Glen Downs, Chief of Staff to Congressman Walter Jones.
- Segment 7-8: Congressman Walter Jones discusses the importance of high moral values to a strong society
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Thanks for your great comment,, Andrew.
You are a good guy!
I try Al – Hope your anniversary is/has gone well! A
A MAST SEE !!!!!!!!!!!!!!!!!! https://www.youtube.com/watch?v=wJpSjo19lq4
franky – Thank you for the u-tube piece. However I’m guessing that a lot on this site will NOT connect with someone who talks about wrestling with Satan all night, etc! Sure what this preacher says may sound wholly correct to some. But we MUST make allowances for other perspectives on our Christian faith. For myself I believe that many folk in the world who are trying to make sense of this crazy existence do not find preachers like that remotely helpful! More of a wind-up in fact! Besides which, religious pride is so subtle and often displays itself in folks who suppose that they have had some very special revelations from the Holy Spirit.
Very best wishes, Andrew
Many thanks Andrew!
Re Seg 1 Whatever we feel about Russia and China cosying up to each other over oil, of course it’s going to hurt the U.S. as Dr Russell says on KWN.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/23_Paul_Craig_Roberts_-_Putins_Threat_Just_Stunned_U.S._%26_Europe.html
Equally un-nerving in all this is Russia’s recent deal with Iran to build eight nuclear reactors. And just what in the hell might the U.S./Israel do about that?
Maybe start military action?
With Russsia taking the stance it is taking, that action would be suicide!
There is nothing and I repeat nothing good about military action, it is just bullying and it needs to stop.
May 23 248 armed conflicts after WW2; US started 201 (81%), killing 30 million Examiner
95% of Hollywood profits come from promoting guns and violence. 95% of Hollywood movie posters feature a gun
Max Keiser
And that represents the liberal bastion of America. Hypocritical? All about money or something like that?
I completely agree with you DT!
Russia and China are natural enemies. While they form alliance, they stick to it. The only two strategic defeats for US both happened under China and Russia coalition in 20th centry. China+Russia is much stronger than US and when they fight US benefit in a big way. For American’s own interest, don’t provoke conflict with either dragon or bear. They may fall back to their old way eventually.
Lawrence, here’s a nugget:
Another news worthy item that went unreported by America mainstream/corporate media
http://english.cntv.cn/2014/05/18/VIDE1400417758903139.shtml
It will be poetic justice if these treasonist so-called ‘American corporations’ listed in the S&P 500 who industrialize Communist China for great profit and human suffering both here and over there, and who thereby built China’s war machine, to have these assets confiscated and monies frozen–with executions to follow for reasons real or made up by the Chinese Communist Party without so much as a thank you.
Maybe paying taxes to the good old USA for repatriating those ill-gotten profits might be the better way to go. Go on, take the money and run!
Those profits made on the backs of China-men (more likely child labor) and the State needs a scapegoat for all that pollution to placate the plebes who are getting restless.
Just maybe it might be cheaper for these multinationals to run home with their money before the Communist Chinese use it to ‘buy into’ Mao’s utopia.
I have heard about this weeks ago. There would be a joint exercise in the East China Sea. The significance of the gas deal is not that they bypass US $ and trade in their currencies as some people suggested here. It is the start of another round of Russian-China alliance. This is not the fault of the US multinationals. They are doing their business. It is the fault of US military industrial complex. It is the desire of the US world dominance and the need to find an enemy as media talks about. Actually, both China and Russia have shown their willingness to become friend with US. China fought a brief war with Vietnam to show they are sincere and USSR broke itself up to show it is harmless. Both of them abandoned communism and adopted some degree of capitalism. Chinese economic system is now freer than US. The success of Chinese economy has nothing to do with Communism. In 1980s and 1990s, from the people to the leaders, nearly everyone was pro-America. Unfortunately US did not take advantage of this great opportunity to win at least one of them as its ally. US advanced the NATO to the east and refused to help Russian economy. At same time it supported or even instigated the conflicts between former Russian republics and Russia and now Russia is forced into a corner. In the Chinese side it is as bad if not worse. US bombarded Chinese embassy in Yogoslavia. It also routinely send spy plan into Chinese air despite repeated warnings. Then it intervened when China tried to stop Taiwan from independence. US sent seventh fleet into Chinese water. Then US openly supported the challenge against China from Japan, Philippine and Vietnam. The occupation of south China sea islands by these countries can effectively block the oil transportation from Middle east to China. In addition, US supports the independent movement of Tibet and West Muslim region and released the Muslim POWs in Afghan war and sent them back to China to create terrorist attacks. This resulted in many incidents throughout China. The list goes on. Nobody understand US intention and why it tries to invade the sovereignty of these two countries. Only explanation is the desire to eliminate the two potential adversaries. Or like Pentagon said “to bombard China into stone age”. There is no surprise that these two former enemies join hands to protect themselves. It does not look like US is going to stop hurting them.
Thanks for the comment Lawrence! You make some great points about the strength of China and Russia. We could see a very different world if they fully commit to working together. I bet the US will fight it as much as they can!
That brief (undeclared) war in Vietnam started with the French and was handed down to the US–thus blood in the streets and hamlets for over a decade. Vietnam can be summed up by three special interests:
1. Oil in the South China Sea
2. Asian Rice Basket
3. The export vertex of the Golden Triangle (the opium trade)
Transitioning to your other point…and in reply:
Who in the S&P doesn’t have ties to the military industrial complex directly or indirectly? A strong military needs everything from soup to nuts to sustain itself. And every multinational corp wants free use of our military, not only to maintain safe shipping lanes for world trade, but for hegemony when negotiating contracts, as well as government contracts to sell to the military. Thus they profit both ways, selling to the government that gives them free global protection. Cute!.
Thus repeatedly we see our Third World puppets bowing at the point of a gun and signing contracts favoring the S&P multinationals regarding natural resources or cheap native labor. It hard to find any moral high ground out there when our government officials, along with their relatives and cronies, position themselves to profit from for our foreign policies that impose treaties and contracts that are not necessarily in the best interest of that Third World nation. Libya and the Ukraine are but the latest examples. It’s never about human suffering, albeit the popular pretext on talk TV, it’s about corporate profits for the multinationals–who own the networks.
Personally it doesn’t matter to me which multinational rakes in the money because I’m getting screwed regardless every time I pulled up to a gas pump, for example.
We never should’ve allow the Sherman and Clayton Antitrust laws to be gutted. Likewise, we never should’ve allowed the Glass Steagall Banking Act to be repealed. That they were is a tribute to Fascism and a measure of just how corrupt we’ve become.
Now the world suffers from untethered global fascism seasoned with Communism to create a toxic hybrid of crony capitalism. It all stinks, and to think America sends its soldier worldwide to kill and die for this…
These multinationals should fund their own mercenaries to do their dirty work–but it’s cheaper to buy off our elected officials who are all to eager to enrich themselves front running the ‘free markets’ with impunity and self-immunity knowing full well before anyone else (except K Street)–what’s being appropriated and authorizated in the PPBS.
How ironic that Fox news continues to carp about Benghazie while Hillary’s neck deep in the blood shed going on in the Ukraine: specifically, the special interest contracts written to enrich those with close, sometimes blood ties, to our heads of state and former Congressmen. Maybe the oversight (or better said overlook)of what triggers all these spontaneous revolutions by the corporate media is because the Rs are just as soiled as the Ds when it comes to crony capitalism.
Interesting thoughts Lawrence.
Interesting point Lawrence. I think that these two countries may be past that though!
I would hope the US/Israel will not do anything.
I doubt if that will be the case. It is so hard to understand what is going on behind all the propaganda and misdirection and obfuscation. I do not believe the government of Iran is stupid and I do believe it understands that if it attacks Israel then Tehran will be a big glowing hole. I am not sure the US government understands they are killing the US by all their warring and bullying; just hastening the decline of its empire.
My personal opinion, at this point it has gotten to be no more than saber rattling with not much it can do other than that. By this . I mean since the Ukrainian situation. And, that is good. I am fired of the leaders trying to impose value.
Maybe a another sign that markets are topping. Yesterday was a good day on the markets, but the day before a holiday is usually good and up. If we get a good correction in the next month or so I think the Nasdaq will get hit the hardest. I have some calls on a Nasdaq short fund for October, we will see says the blind man!
Strange. I had problems finding anything up in Canada under INR for insider trading.
Probably just my incompetence.
IDAH Idaho North Resources Corp OTCQB Logo
Common Stock SEC Reporting – Current OTCQB
0.160.00 (0.00%) at May 15, 2014Real-Time Best Bid & Ask0.07 / 0.15 (1 x 1)Why is size 1?
OTC Disclosure & News Service
No Insider information has been published via the OTC Disclosure & News Service for IDAH
SEC Transaction Summary — Last 6 Months
Buy/Sell
Buys
3
Sells
0
Total
3
Shares
Bought
15,000
Sold
0
Gross
15,000
Net
15,000
SEC Transactions Last 2 Years
Trans Date
Filer
Ownership
Type
Price
Shares
May 15, 2014 STEWART GREGORY S
Director direct Buy 0.11 5,000
May 15, 2014 FRALICH MARK
Officer direct Buy 0.10 5,000
May 13, 2014 FRALICH MARK
Officer direct Buy 0.10 5,000
Mar 13, 2014 COEUR CAPITAL, INC.
Beneficial Owner (10%) direct NA
Mar 13, 2014 COEUR MINING, INC.
Beneficial Owner (10%) indirect NA
Nov 5, 2013 FRALICH MARK
Officer direct Sell 0.16 10,000
Oct 28, 2013 CALLICRATE THOMAS E
Beneficial Owner (10%) indirect Sell 0.10 20,000
Does not trade on the canadian exchanges.. Thats too bad.. For me!!
This is totally a US company. To get this information go to http://www.sec.gov.
Either Cory or I will visit the properties shortly. Right now we have reports that we are relying on.
I have not met Tom in person but have spent time with Mark and talked with others about him. My opinion? A decent t guy..
Actually considering the amount of naked shorting I have seen coming out of Canadian brokerages, I considered that a plus for IDAH.
CFS- good point.. So true!!
It’s sad but true CFS. The Canadian brokerages have really been suffering here in Vancouver.
I sure would love to see all Governments held to GAAP.
But a snowball in hell has better chances.
I guess that’s more evidence that all governments are corrupt.
As a non-Christian, I have no problem with Christian religion taught in school.
I have a BIG problem with a total lack of moral values and human values being taught.
I believe the Congressman and Al are wrong about the need for religious values being necessary.
However, it is absolutely necessary to have a moral code; to understand the Golden Rule, to understand the moral values necessary for civilization and natural rights.
For myself, liberty and adhering to its principles is all that’s required.
CFS surely lying at the source of all western societies’ moral values are the values of Jodaeo-Christianity, rooted of course in a small thing called the Ten Commandments!
I agree that the ten commandments form the moral base of Western civilization.
I do not feel they are necessary as a base for a moral society, for to believe that would imply that those countries that have no Christians could not have a moral society. Are Japan, China, India, etcetera, moral societies?
I, of course, believe moral values are necessary for civilization, but is usury, for example, necessary or appropriate; pucking one difference between Sharia and christian values.
I think usury should not be banned, but I also believe that the amount of interest charged on pay-day loans as immoral.
Finally, it is clear that western society now completely ignores about half of the ten commandments.
Gentlemen,
I am a Christian as you know. Having said that, you all make great points. Thank you very much!
Absolutely with you on your distinctions CFS! How often the Church bangs on about the sins of the flesh while never addressing the crimes of usury when as it is now is it becomes unconscionable.
And day so NICE ! https://www.youtube.com/watch?v=NMLjrmh7BO8
What are the Republicans doing? The ‘establishment’, or ‘New England’ or ‘bought and paid for by lobbyists’ Republicans are desperately holding onto their Congressional seats and appointments that let them get kickbacks and free dinners and jobs after their Congressional time is over. They are RINOs as they are after the same thing Democrats are after – job security, perks, family’s job security, and the prestige of not having to obey many of the laws that they themselves passed as well as a healthcare system for life to be envied for. These establishment Republicans incumbents stick together much better than Tea Party or challenger Republicans, and also have the backing of ‘the old boys club’ – businessmen who are RINO but lobby for tax cuts and less regulation.
A big Amen, Mr Pace!
Yes Socialist Insecurity is a corrupt ponzi scheme but it’s nothing compared to the tens of trillions the banksters and the merchants of war have and continue to pilfer so it’s no surprise the little guy is cynical and wants his socialist insecurity and thinks to hell if the next guy in line doesn’t get his.
Get real, boyz. It’s ever person for themselves.
Of course Johnny in some cases that is true. Not how I choose to live my life though.
THE WEST IS DEAD ! LONG LIVE THE NEW WORLD ORDER ! WHETHER YOU LIKE IT OR NOT !!!! The SODOMITES RELIGION IS REDDY IN THE UNITED NATIONS !!!!!!!!!
THE POPE GO LOOKING A JOBE WELL DON ! https://www.youtube.com/watch?v=4Tr1rFvgA74
WELCOME ! CAESAR ! https://www.youtube.com/watch?v=mP38jQnBNXs
MEDIA BS FARMER ! WAK UP !
DAY ARE SO NICE https://www.youtube.com/watch?v=NMLjrmh7BO8
DAY NOW ALL AND WILL CONTROL ALL ! The UN climate change agenda !!!!!!!! https://www.youtube.com/watch?v=U2QrBziPHJw
A MAST SEE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!https://www.youtube.com/watch?v=wJpSjo19lq4
YOUR LEADERS COME FROM NOWHERE ; YOUR WAR’S COME FROM NOWHERE ; OBAMA HEALTH CARE COME FROM NOWHERE !!!!!!!!!!!!! LET ME ILLUSTRATE !!!!!!!!!!!!!! https://www.youtube.com/watch?v=rb4tpBGhAP4
NANCY SCHAEFER SENATOR AND MORE ! https://www.youtube.com/watch?v=8DWnEqKlKko
Franky, I did not think that sermon was a must see.
But I’ll tell what is a must see………………….Ephesus itself.
A great historical site. On a par with Pompeii or Petra
nice INFO thanks !
ditto on Ephesus………Patmos another great site……
An old letter offers some considerations for Memorial Day, to wit:
Dennis M. O’Neil says:
Below is a letter I sent to my Congressperson exactly two years ago.
It is on point with Al’s multi-tasking connecting flight question.
I offer it for your consideration as an open letter.
I hope it makes a point or two.
Dear Mary Jo Kilroy,
Thank you very little for ruining our country.
I had always found it dishonest that FDR sold Social Security as Insurance and described the payments to support the now insolvent program as premiums.
In court his lawyers argued that it was not actually insurance and the payments
were a tax. Why did they do that?
Mary Jo you and your colleagues have constitutional authority to levy certain taxes on us. What you and your colleagues do not have is the constitutional authority to compel us to pay premiums or purchase any other product. If you do then I may unfortunately be compelled to buy a General Motors vehicle in the near future.
That is of course if you still let us own our own cars.
If the fiasco you call “healthcare reform” stands the result is our country will have become what thousands of the honored in Arlington fought against.
Mary Jo…. take a walk!
Go past the Lincoln Memorial;
walk up the Honored Hill;
watch the ceremony;
see the endless ordered ranks;
and if you do not cry;
you will know why;
why we are
no longer free.
Cordially,
Dennis M. O’Neil
Read it over and over.
You are a smart guy Dennis M!
Great chart of the US$ ….there is a massive neckline support which is still holding the $ up from the calls of a collapse…..breakout higher is in play.
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=1&mn=8&dy=15&id=p05690720564&a=337847026&listNum=1
Matthew, maybe you can Fork the $ chart.
Ha! Ha Ha Ha!!! What are you guys anyway…..a tag team? The fork is your fantasy man. Not reality.
It’s just a tool, Bird. Is a hammer a fantasy?
Really man….I thought that was funny. You were trying to be funny right?
Where does the mighty $ top, 80.50….81.50….85….86.50
http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=7&mn=0&dy=0&id=p60435714445&a=337185172&listNum=1
Seg.7 and 8 ……thanks for having Walter Jones on the show…..
Actually our pleasure. He is our kind of leader!
I have long believed blind Patriotism to be a mistake. Days like Memorial Day and Remembrance Day simply reinforce that belief.
I visit Arlington, the Punchbowl in Hawaii, the fields of Flanders and all I can think is: “What a waste .”
I assume t B-) at you mean from a stupidly of war stand point!
Big Al, I guess that Chinese buyer of that Cali vineyard backing out was a great call, especially selling his Hawaii properties.
Anyone who doesn’t think the global media only tells us what they want us to know is brain dead!….not a single mention in main street media about the biggest nuclear accident every!
Japan Begins Purposely Dumping 100s Of Tons Of Radioactive Water From Fukushima Into The Pacific
It is both thought provoking and terrifying!
When considering the Silver/Gold ratio Silver was not in 2011 in a bubble.
31/1 seen in late April 2011 is not historically off the charts.
So in terms of real money aka gold 2011 silver was in not in a bubble.
Too bad it has not acted like it was not in a bubble!
Its why Jim Rogers has said he’d buy a bigger position in silver than gold going forward, gold did hit new record highs, silver is yet to make those historic highs….the sizzle will be in silver…..one day!
If you want to buy discounted gold you should buy silver at 67 to 1 Silver/gold ratio.
The ratio could go higher SURE!!! But trade it for gold when it compresses.
Buying silver now is a 50% discount off gold if you are patient and swap it at 33 to 1(or the 2011 low for the ratio). 33 to 1 is hardly an impractical level.
Silver in terms of gold is cheap.
ESQ.,
AGREED!!!
Good comment Dennis. I am surprised that the ratio is sustaining that high.
For This Weekend, lest we forget:
Flanders Poppy on the First World War battlefields.
by John McCrae, May 1915
In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.
We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.
Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.
Thanks Professor!
If ya have some time…this was great!
http://financialsurvivalnetwork.com/2014/05/turd-ferguson-the-emerging-new-financial-world-order-is-taking-shape/
Congressman Jones stated that our rights are derived from the bible, but I wonder if he or anyone else can cite specific statements in the bible where our constitutional rights are upheld. I am by no means a biblical scholar but I have read it and I haven’t found in its pages concepts such as freedom of speech, freedom of religion, trial by jury, abolition of slavery, the right of the people to elect our leaders, or any other rights we hold dear. Can someone please point out the specific biblical statements that uphold our rights?
I will be working on this.
Al’s going to write a book?
Re: Slavery. Here’s a start…..
Leviticus 25:39 – And if thy brother [that dwelleth] by thee be waxen poor, and be sold unto thee; thou shalt not compel him to serve as a bondservant:
Exodus 21:26-27 – And if a man smite the eye of his servant, or the eye of his maid, that it perish; he shall let him go free for his eye’s sake.
Deuteronomy 23:15-16 – Thou shalt not deliver unto his master the servant which is escaped from his master unto thee:
Just read cfs, Im not to sure these statements answer Waynes point.
I see these points as slavery is ok.
Sure, ways of escape but still ok.
Maybe theyr rules on how to treat slaves even, meaning, slavery ok.
Not exactly “our” values.
Heres a thought, where in the bible does it say we should be democratic?
Is our society against the bible?
Just ribin, I don’t see the “bible” or christinity having anything to do with what Jesus talked about.
Liberty, that’s exactly what Jesus was talkin about imo.
the three verse that cfs wrote…….ARE JEWISH LAW……..and directed to the Jews…, has nothing to do with TODAY…….
These verses set guidelines for the treatment of slaves, but they do not abolish the practice. Consider also Exodus 21:20-21 which gives a man the right to beat his slave so long as the beating is not fatal. Is that nice?
Excuse me. I’m not a Christian. I have mostly considered Christ’s teaching as pro-socialist.
I do not favor socialism, so I should have just stayed silent.
Obviously I am not the right person to advocate Christian values.
The recent movie 12 years a slave is an excellent example.
The “owners” use christianity and the bible to justify their actions and beliefs.
But somehow I doubt that’s what Jesus was talkin about.
Do unto others comes to mind, a minor contradiction I think.
I will never understand how a person with one fiber of “morals” could justify slavery.
cfs,I know your not Christian and where you were coming from.
Im not Christian either, but I sure like Jesus work and attributes.
I think there is a big differance between the two.
WAYNE………EXODUS…….is written to the JEWS…….and part of the JEWISH LAW., AND is not applicable TODAY……….
Christians…….do not advocate SLAVERY or anything that would constitute being under the “Law”(jewish)……..JESUS CHRIST after the cross……provided GRACE from the law…by his death covering for everyone’s sins………PAST , PRESENT AND FUTURE…., ALL anyone has to do to be saved ,,,,,,is confess and believe……..pretty simple………
Morning Wayne,
The Bible is a very interesting part of some of our lives.
You do make a good point here.
Realistically man, life is really interesting isn’t it!
By the way Wayne,
The question that you raise is interesting in that was the Old Testament divinely inspired?
I am not a biblical scholar so I really don’t know.
Was the New Testament divinely inspired? Christians believe that it was.
The conclusion that I have come to is that what really works for me is to follow the principals in the Bible as best as I can. To me that is pretty simple, I follow the Ten Commandments and spend time with God (as I personally believe He exists) every single day.
Am I a zealot? I prefer to think not as I really don’t tell others they should do the same. I leave that to God.
Works for me as I am a pretty happy person.
Best to you, Wayne.
ootb. isn’t exodus the old testament book where the 10 commandments come from?
Sorta applicable today, just sayin.
Not just sort of!
bb………you are correct…..the 10 commandments are part of the Jewish Law(MOSIAC LAW), which is almost impossible not to break……that is why Jesus Christ made it a little easier for everyone.WHEN HE DIED ON THE CROSS………..Jesus died for all and everyone’s Sin…….Past, Present and Future., which could not be accomplished under THE JEWISH LAW OR 10 COMMANDMENTS. Remember, the Jews were GOD’S chosen people at the time. GENTILEs were left out at this point. NOT until the NEW TEST., does Jesus, after the death on the cross, allow for the gentile and jew, to have a way for salvation…..The 10 commandments are a guideline, but, impossible not to break, whether in thought or in act……..We are currently not UNDER THE LAW(JEWISH MOSIAC LAW)…..BUT GRACE which was accomplished at the CROSS……
……….IT is GRACE…NOT THE LAW of the TEN COMMANDMENTS, which can save the individual . (Please note , this is part of the on going questions and thoughts that religious people are confronted with…………GRACE VS. LAW……..)
Amen Jerry,
The Owl
I didn’t know that ootb
You never cease to amaze me Professor!
Here is one of many great Biblical examples arguing again slavery.
You, my friend, are the one who needs to write a book. (Which by the way, we would promote heavily on this site!)
I have heard many Christian leaders make this claim, but they never cite specific scriptures that support their claim. So this just makes me suspicious: Is this something they know, or is it something they are pulling out of their ass and hoping that nobody calls their bluff.
who are you directing that to?
To anyone to whom it applies. If you are making the claim, then I would be directing it to you. Based on your comments, however, I don’t think it would apply to you.
I thought the “bible” promoted dictatorship.
Just for the record, neither am I of Jewish faith.
I am strongly anti-socialist, because it has been proven time and again not to work.
Thanks CFS I enjoyed the video. A good reminder of why need to oppose socialism anywhere and everywhere.
Wayne, I can refer you to a parable from the bible that explains tolerance for that which is intolerable and thus explain why we have freedoms of speech and acceptance when we do not like what others are saying nor do we enjoy the invasiveness of intrusion. In this short story there are weeds that grow amongst the crops. But Jesus counsels against pulling the weeds for fear that the grains will be destroyed in the process of cleansing the field of that which is not desired. It is called the parable of the “Wheat and the Weeds”. Thus the voices of discord are saved along with those that are of sober thought.
Parable of the Wheat and Weeds
The Kingdom of Heaven is like a farmer who planted good seed in his field. But that night as the workers slept, his enemy came and planted weeds among the wheat, then slipped away. When the crop began to grow and produce grain, the weeds also grew. The farmer’s workers went to him and said, “Sir, the field where you planted that good seed is full of weeds! Where did they come from? An enemy has done this!” the farmer exclaimed. “Should we pull out the weeds?” he asked. “No,” he replied, “you’ll uproot the wheat if you do”.
Ha Ha…I am just screwing with you buddy. Too sorry!
Thank you for reminding me of this parable. It does seem to support equal rights, but in the end the weeds are gathered and burned. Really, how good are rights if they are only temporary and can be taken away? This is not the nature of the rights that we are supposed to have in America.
Yeah. The weeds get whacked in the end. My parable did not work. That was why I was laughing.
The but Bird it still makes a good point.
That is not what I thought the parable was pointing out..
You never cease to amaze me Bird!
With all respect!
Right back at you Al. I am amazed daily by what a great job you and Cory and the gang do to put together this show here. I really appreciate the new guests you have been interviewing lately too.
Thanks Bird! We truly enjoy doing it.
You know on another note, it would be a truly worthwhile event if all of us could at some point in the future get together. Try to bring in some of our guests.
No, I am not talking about a “money maker” I am talking about a “social” event. Maybe meet somewhere at a mutually convenient location for a couple of days and exchange ideas.
Any thoughts?
Excerpt from interview with Michael Pettis on Financial Sense on the topic of a Chinese slowdown where he projects growth slows to a maximum of 3 to 4% annually and commodity prices collapse as an outcome. He believes that price collapse is currently in progress and will worsen substantially over the coming years.
“Three or four years ago I was saying commodity prices would fall a lot when iron was at $190. I said it would drop by 50% within in five years. Three years later I think it’s around $120, but I think I was too conservative. I think it’s got at least another 50% to go. In fact, I expect iron ore prices will drop below $50 and we’ll see that with other metals too. So, the impact on the rest of the world depends on which side of the trade you are on. If you are a Brazil or a Chile or a Peru or an Australia, you are going to be really badly hurt by the Chinese adjustment. But most countries are importers of hard commodities so they’ll actually do quite well out of the collapse—and I don’t think that’s too strong of a word: the collapse in the price of hard commodities”.
Michael Pettis: Hard Commodity Prices Will Continue to Fall with Decade-Long Slowdown in China
http://www.financialsense.com/contributors/michael-pettis/hard-commodities-collapse-chinese-slowdown
What country around the globe would kill for 3-4% growth…..China is coming off one hell of a high…3-4% growth is still a substantial decline.
I think somebody is holding up Dr Copper as many loans were lent against copper…that $3.00 level seems to be manipulated, lol
Changing The Subject: I think its interesting when I hear China is good at copying, but not very inventive. I seem to remember people saying the same thing about Japan in the sixties. I’m not a big fan of Chinese, but I think they will develop like Japan did .
Good point.
Iron ore under $100 now. Baltic Dry Index has crashed anew as well; an imperfect indicator to be sure, but one that has to be considered none the less.
Base metals probably won’t implode a whole lot more IMO, as the central banks will crank up the printing presses even more. But it sure won’t be like the “aughts” (2000-2008.) Base metals will generally bring up the rear at best as money printing supports PM’s, energy and land/agriculture more so.
Birdman,
A guy like Pettis and his deflationary outlook is clearly in the minority within the financial community and western centric pundits, because western oligarch must have inflation to survive and outrun a decelerating Ponzi scheme.
I think he is going to wind-up being closer to right than wrong. China is absolutely in a deleveraging and slowing environment.
China will still grow, even enlight of a slow growth profile and they will become one of the most powerful economies in the world as we all know, but their decades long infrastructure build-out has manifested itself at warp speed and consumed economies of scale far in advance of economic prudence.
Just as the collectivists in the US Govt and the FED have stole from Americas tomorrow to pay for today, so too have the Chinese oligarchs, both in monetary terms and physical infrastructure terms.
I think many of us westerners will look back, and even though we have disdain and disgust for what the FED has done to our national currencies debasement operations, we will probably have wished we had saved many more dollar units than we spent exchanging those for various commodities.
There will be many commodities that will prosper in the coming years, but there will many who’s price structure will be laid to waste, and make poor people who are trying to get ahead and think they are reading the economic tealeaves correctly, missing the boat and rendering them that much poorer.
A deflationary deleveraging cannot be stopped, it must and will overcoming inflationary pressures in the end. Investing in commodities blindly including the PM’s will be a one-way ticket to your new home. A cardboard box under a bridge.
In re Congressman Jones talking about the decaying societal ethos.
It must be those darn “social issues” again.
Social Issues have laid siege on American morals, ethics and law.
Next time a RHINO says there is no room in the expanded tent for social conservatives. Remember when we abandon the social issues we re abandoning defending the walls during a siege.
The segment of the party you are referring to is scared to heath!
Why is the debt ceiling continually raised?
Because if they do not raise the house of cards comes tumbling down.
When the Fed started out it was not allowed to buy US debt.
It was understood that to allow the fed to buy US Debt was a recipe for disaster.
While fighting WW I the Fed charter was amended to allow US Debt purchases but a limit aka ceiling was put in place. Ever since the overall debt ceiling is continually raised simply to avoid the pain needed to face reality.
You are right Dennis the debt ceiling will continue to be raised. After all it is a made up number and the Fed can not stop the buying of US debt.
Looking outside just the US there are a number of other countries in the same position.
Chris, I really appreciated your common sense comments on the US Dollar in segment four. I really don’t understand how so many people get hung up on this issue. Maybe it is the blizzard of anti-dollar rhetoric that is prevalent on some of the popular gold websites but too many people have lost all reason and sensibility on the topic. They hear one or two stories that sound like an attack on the reserve and instantly draw the most severe conclusions without paying any heed to the basics. By that I mean how deep the dollar based capital markets are and the overwhelming prevalence of its use. The dollar is decades away from losing reserve status in my opinion. Hell, Pound Sterling is still a reserve after several hundred years of common usage. Of all the topics related to gold I wish this one would just die off and be buried because it wastes peoples energy fruitlessly and distracts them from the more fundamental reasons that should be moving gold up or down. Not that the dollar does not matter to gold….I am only saying that making bets on gold based on the dissolution or collapse of the USD reserve currency amount to the most egregious form of market ignorance.
I couldn’t have said it better myself. Among other things, I have oft pointed out that, since early 2005, gold has about tripled (from $450/oz. to about $1,300/oz. now) yet the US Dollar Index is right where it was back then.
The equation has changed; the alleged trustworthy inverse relationship between the US$ and gold doesn’t mean what it used to anyhow; not to mention the fact that all the scare stories about the US$ collapsing tomorrow are just so much B.S. touted by people who 1. either have utterly no idea how markets work these days or 2. trying to sell you something you’d probably be better off without.
Well birdman most goldbulls were just rewarded from 2002 to 2008 as gold was the perfect US$ hedge trade…..its the silliness of a $ collapse that grows old.
Since the dollar is measured against other currencies we are unlikely to see the dollar index collapse as other countries will just devalue equally. However based on it’s purchasing power compared to lets say 2000 the dollar has lost quite a bit of value.
Just using a gallon of gas as an example, it now takes three times as many dollars to buy that same gallon of gas as it did in 2000.
Absolutely Gary!
There is a difference between British Pound and USdollar, in that the Brits in this century, have not, for the most part, set out arrogantly forcing their way and upsetting people.
As I travel, I find there are a lot of people that don’t like Americans. I assume it’s the same for Governments.
The US has been acting like a big bully.
In its quest to “save the world” you my friend are absolutely correct!
Birdman ‘ the dollar is decades away from losing its reserve status in my opinion.’
Opinions are all that any of us have however carefully we apply reason, or the reasoning of others to what we believe. For myself, whose reasoning is largely dependent upon the informed minds of others I believe the dollar’s already on the way out!
Those are not opinions, Reverend. I have given my reasons in past threads and they have not been countered by anybody here. Keep in mind that even should the US some day suffer a debt crisis that still will not necessarily dethrone the dollar. Users will just process a lot more of them is all. It is the function of widespread acceptance that is key along with the strength and depth of capital markets.
I have to disagree as I think that process has already begun!
Just one man’s opinion.
Well we have to disagree about something!
Why?
The state of Americans….Al you need to get out there with your recording device and ask random americans what do they think of their lives….good, bad, ok? I think Walter Jones is being fed too many negative headlines and it has affected his relationship with the common man….my guess is that 90% of americans are relatively happy with their lives….which makes this a non issue not worth discussing anymore.
Tom,
You’ll notice that there is very little that is inspiring or positive discussed on this show. That’s because it’s only negativity that sells and attracts people.
Read Jeff Miller’s post at the link below: He has a balanced view of things.
http://seekingalpha.com/article/2234543-the-sound-of-silence
Also take some time to read through this article. It’s so true!
http://dashofinsight.com/dow-20k-and-the-wall-of-worry/
If you have made any investment advice based on the negativity you hear on this show then you have truly missed out on an incredible opportunity to make money.
Dale,
Of course you are absolutely correct. Common man, I am not an idiot! I simply believe that what is going on right now cannot continue. That is the whole point of most of our discussion.
I also believe that when the resource sector comes back, and I personally believe that it will, my being invested in it will again make my wife and I a lot of money as it has in the past.
Not investment advice simply our past experience.
Dale,
Please, please remember this is not a site that promotes investment advice.
Secondly, I have said numerous times that my wife and I are diversified in our investing.
Trust me my friend, that philosophy has served us quite well for a very long time.
I don’t suppose you see any irony in making negative remarks about a show you obviously follow daily while telling us how negative it is. Your genius gives me the usual chuckle, Dale.
It is all about self esteem Bird. But you are a bright man and I know that you realize that! Just had to put in my three cents!
Your point is very well taken Dale. Look to our future.
Best
Interesting point, Tom.
Perspective is an interesting concept. Some look at things one way and others look at the situation entirely differently.
I, as I hope you are aware, listen to everyone. Doesn’t mean that I agree with everyone, but I certainly do listen to all.
To some on this site, I daresay probably most, this is an issue worth discussing.
Great article here:
http://seekingalpha.com/article/2234543-the-sound-of-silence
It would be great if Al and Cory were willing to have someone like Jeff Miller on their show, but I doubt they’d be willing to do so. What about it guys? Get some balance in here.
http://dashofinsight.com/dow-20k-and-the-wall-of-worry/
Must agree Dale, knocking the US equity market (US economy in general) these past 3 years and continuing to pump the precious metals market has been the complete opposite effect of making money!
Dow up 57%….S&P up 72%…Naz up 90%….Gold down 33% …Silver down 60% and the HUI down 65%
The only way anyone’s portfolio made up of gold and silver bullion or stocks to be UP since Sept 2011 would have required trading, short and long the swings!
Of course we are willing to hear both sides.
Common man, give us a little credit!
Actually, Jeff Miller has been a pretty sober analyst. I have been reading him for years and the guy has had a great track record where he just cuts through the fog and the noise and seems to arrive at the right conclusions. Never heard him speak though so I don’t know if he interviews but he is a really bright guy in my opinion.
We will find out!
Al, I think you would really like Jeff. His style is methodical and well thought out. I would call him analytical if anything…..kind of the Spock of investing (if such a thing exists). He is a good critic of the pandemonium, knee-jerk reactive thinking of the day. But in a nice way that is easy to read. Ask him about his recession testing and Weekly Leading Indicators. Jeff went in search of better models to tell him what was really happening and spent more than a year trying to get more accurate forward looking information. Really, he strikes me a great guy with better insights than most and best of all he works at it seriously.
Thanks for the links, Dale.
I rarely go to SeekingAlpha but am checking out D-O-I.
As I’m short US market, long Cdn market, and fully allocated to PM sector, I have to consider all possible scenarios.
I think this story was making the rounds, including KER, last weekend.
Unsold Cars
Claim: Photographs show thousands and thousands of unsold cars deteriorating until they are scrapped.
This is part of what Snopes has to say:
“So these photographs do for the most part show unsold automobile inventory in various parts of the world, which hit rather high levels when new car sales badly slumped during the global recession of 2009. But even back then automobile manufacturers weren’t churning out product willy-nilly, regardless of demand — the captions to some of those 2009 photographs in their original contexts noted that, for example, “production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant.”
Read more at http://www.snopes.com/photos/automobiles/unsoldcars.asp#E3gkchI8pLwWbSuz.99
My usual Friday night meal at my favorite Mexican restaurant just went up 17% in price this week. Hey I thought there was no inflation???
Im sure the cost if running the diner gas gone up from higher food. higher property taxes etc as they pass on their costs to you trying to keep their margin of profit.
Every year it costs me more to live and dine out…..when did it ever go down?
It goes down the day you stop buying into the consumption economy, jj.
Your right, I should really give up eating, its a bad addiction!
Unlike red wine!
It is not eating that is the problem, jj. It is what you eat, where you buy it and how it is prepared that is the problem. Like most people, I am pretty sure your diet is primarily processed, canned, frozen and manufactured foods with periodic meals taken at restaurants. That is what the statistics and data tell us about American and European meal planning. Perhaps you are an exception though. One of those who grows a garden, keeps chickens and understands the basic principles of food preparation. Maybe you have decided to personally take control of what you put in your gut each day. Then again, maybe you are the type of person who is just too busy so you are therefore subjected to the costs that get delivered by the food industry that caters to those who know little about food nor what is introduced into the packaging of meals and so you just merely consume. More a pedestrian of diet than a real participant. The data on how many take their primary nourishment from the assortment processed meals found in the center aisles of supermarkets is damning. You can eat there or you can eat well I suppose. But the thing is that inflation is found mainly in the items that are highly processed and not so much in the raw ingredients themselves. Choice is yours to pay the price any way you choose. I keep a spice garden for example. It costs pennies compared to what is on the shelves at the shops. I make my own cheeses. Again, it is a preference for being able to control what gets input to the product and a matter of creating food that is often better than what is in the store. We also have free range chickens and organic eggs. Between that and knowing how to dry, salt or can home produce and meats it is less difficult than you might imagine to take control back over your food. Results are usually excellent with a little practice. For me, it is not about saving a buck but rather about keeping the chemicals, preservatives and GMO’s out of my dinner. The cost savings just happen to be an added incentive.
Gotta be your mistake Gary!
Big and smart Al!
Yeah Gary….stop eating so much!
Whatever anyone may expect for precious metals in the next while I think we absolutely must keep in mind what is now happening in Europe. It is now a virtual certainty that some sort of stimulus or reduced rates or a combination of approaches will be applied with an announcement coming as early as June this year. My belief is that this will lead to a number of outcomes that are important where investors are concerned. First, credit will begin to expand on those shores and gradually asset prices will rise including both home prices and stocks. Second, inflations direction will reverse course and gradually increase thus ending the trend that has seen it approach zero. Third, the Euro will keep falling and the dollar will strengthen while European exports will improve and thus flow through to corporate earnings. As an outcome it is also my conclusion that gold will fail following this long consolidation process and it is going to be a short into the fall. Technical analysis is important no doubt. The charts are indecisive currently though. In such cases we must look more closely at monetary policy and other Central Bank initiatives for guidance on price and trends as these will lead to more accurate answers we need before staking out positions on precious metals and other commodities. For those who are uncertain this may be a time to avoid metals and keep your tinder dry. A better day will come at a later date. Personally I would not go long right now. That looks to be a risky bet as an announcement from the ECB looms. Until Euro policy is clarified it is best to stay out of the deep end of the pool.
It will be interesting what unfolds this summer in Europe….the ECB could certainly get a reaction in the market place with some aggressive talk, follow thru, But without employment improving big time I’m not sure reduced rates or stimulus will make a difference….Japan is a perfect example regardless of easy money if the guy on main st doesn’t take the debt bait, your consumption growth will not take place.
Taxation alone is like $200 oil in Europe a major hangover of any real growth.
Technical analysis will highlight were the big traders will cover short or exit longs as key levels come into play
Ukraine better continue to add the war premium to gold or June-July will produce some fireworks……still Short and looking to add to my positions….a “close” below $1280…$19.00 and 211 HUI will have me adding….”close” above $1310, $20.00 and 230 will have me looking at the long side
Seriously jj……Ukraine is irrelevant where gold is concerned tight now. I have not detected any war premium for metals. The needle barely moved. Nor do European employment levels play any role exactly as employment in the US and China not matter to precious metals price (and never have). And I will add one other remark…..technicals cannot see what is coming because if they did we would all know with confidence which way gold will break, either up or down. That is a fact. NOBODY reading technicals can tell you squat with a straight face right now. But I will tell you this…… If the ECB gives a strong signal on interventionist policy then gold is going down like a lump hammer.
Interesting that the Euro goes up against the dollar after the European elections.
Dollar rose too.
Really Birdman, you think a White Flag all is fine outcome today from Ukraine wouldn’t send gold lower?….really!
Sorry I guess the way I wrote suggested employment effected gold in anyway, it doesn’t….the growth or positive outcome you mentioned in Europe I believe is very much related to a positive employment outcome. Employment effects the whole global growth outcome.
You’re obviously not an investor who has used the chart of XYZ to guide your investments. When the trend in anything is up then key resistance levels once taken out with a “close” especially a weekly close that’s bullish and the next level of resistance comes into play…that’s the basics of momentum flows, same works when a down trend is in play….If gold approached $1180 there would be many hedge funds that would have orders to puke long positions if a close unfold below that very key level….knowing that level on the chart will produce either a negative or positive reaction is what charting is all about…where will those that move the chart react.
The long gold can not close above $1300 or silver $20 the more bearish the outcome becomes that is fact which I can tell you with a straight face!
If that was reliable then we would all just chart away blithely and become billionaires. The system you speak of is NOT reliable though. You know as well as anyone that it is all open to interpretation and what is a fact is that when one person sees a big down move coming then another sees a big thrust up. I use technicals too. As a guideline and assist only. They are not to be counted on in isolation.
If they were so good then maybe you can tell me what gold will do on Tuesday.
No problem, this is not an opinion Birdman its all data related, Gold will continue to trade between $1290 and 96 until those levels are tested which could mean $1300 comes into play or $1286
I’m not telling anyone that reading a chart is the only tool to use, hell no! but if one does know how to read them and have the balls to act on what the chart/trend/momentum is telling you than you would still be hoping gold and silvers bear market was over but making money regardless of where you hope its should be but where it is and where that trend suggest (until it changes) will go.
If the Feds announced today there is no gold in Fort Knox even a complete dead moron would know what direction gold would react into, its where to sell that reaction as key resistance levels come into play that helps one know where to sell into that strength.
Opinions we all have them, charts have none just like Armstrong keeps reminding his new readers its not his opinion that keeps nailing capital trends perfectly, its historic data….we really are a simple bunch as we repeat the same trends over and over thinking this time is different, not!
Historic data is a guideline, not a road-map. That’s why they say history rhymes but does not repeat. On the issue of chart analysis I don’t want to be too critical but please note in the above post that you wrote “Gold will continue to trade between $1290 and 96 until those levels are tested which could mean $1300 comes into play or $1286″……right? That is what you wrote.
So it’s 1300 or 1286. Those are two very different choices that do not offer a definitive answer as to the direction whether up or down. We need something better than that otherwise bets amount to nothing more than a crap-shoot in a casino.
Okay where is the real Birdman?…funs over
Still here. Watching the charts this morning. Gold was off as much as 10 dollars a short while ago and broke down to 1281 in the futures. Basically it blasted right through your 1286 number rendering it not all that meaningful a support from a technical perspective. This is presumably some reaction to the weekend elections in Europe although the Euro is up slightly. What I believe though is that a poor showing at the polls for some of the established parties increases the likelihood of ECB interventions and thus that precious metals will fall. The reasons should be obvious. There is a growing sense of urgency to get the economies heating up over there and prospects of deflation amidst exceedingly high unemployment are seen as becoming socially and politically destabilizing. You just can’t have so many of the youth unemployed and feeling disenfranchised without the expectation that trouble will eventually erupt. There is an electoral backlash coming that should not be a great surprise to anyone in power. While I would argue that longer term gold will be a stellar investment I do not think that in the near term that is going to be the case. I fully expect the dollar to transition into a strengthening phase as the Euro weakens that will translate into less than satisfying results for precious metals. Indeed we are seeing the first glimmers of that this morning as silver again appears to want to threaten dropping below the 19 dollar mark. So I am sticking with my short theme for the time being as that is obviously what is paying off judging by the action thus far. Take a look at the chart. Gold appears to be threatening the lows of April and May and if it does break below I think we will have good confirmation of the directional change. The Governing Council press announcement for the ECB will come out June 5th. Some in the market may already be adjusting positions on that basis. A lot will depend on how much those statements move the needle on the Euro although we will concede much has already been priced in well ahead of any specific news on policy prescription. I think all of us would like to see an economic pickup over there especially after so many consecutive years of declines. If they can achieve higher rates of inflation accompanied by improving growth we would also expect that some Euro rates will start to move up off their current extreme lows.
And there she goes….we may break down technically this very day. Gold approaching 1278 as I write this and now off almost a percent from the close on Friday. If support fails the prognosis is not going to be good. I would not be a bit surprised to see sub 19 on silver today either.
And boy are we close to breaking lower on silver right now. Aprils low was 19.06 back on the 24th and here we sit at 19.07 this very minute. Stop triggering will be the action of the day I suspect as price is hitting on that button now. You should be a happy camper today jj if you did indeed go short last Friday (despite some other prognosticators saying it was folly to take that position!) ……….. KA-CHING!
That was the sound of a cash register by the way!
Im in the camp of gold starts dropping this week into next week just before ecb announcement. Ecb will pull the trigger and reduce rates. I smell it. Commodities should rise afterwards. Looking for at the very least 210 hui to dip in and I will wait to see if my target of 198 hui hits for my final purchase.
Went to the store the other day and could not believe a watermelon going for $12.95 canadian. Folks times are getting ugly.
glen as we all know food inflation is created two ways, lack of supply vs demand or currency inflation….2000-2008 was pure currency inflation as the US$ Index fell from 121 to 70+
Food inflation = Cali is drier than a popcorn fart!
I’m going to look back to when ECB cut rates last and see the reaction to Gold as any Central Banker that cuts rates sends an immediate reaction to their currency, sending it lower!…= higher US$ = gold negative
kind of depends on where you live as to the price of perishables. I have purchased a dozen watermelons (seedless) in the past month from 10 to 15 cents a lb. here in las vegas!! probably from mexico but still they were very tasty!!
Looking at this past year regarding Gold, its had two great Short opportunities and two great long trades.
Shorting June of last year and Sept as well with the third possibly with the same downward % move since March 17th of this year.
The long trade (short covering) was last Junes lows and Dec lows….if Gold was truly breaking out it would be testing the key above resistance level the past highs this last year has produced…that trend line comes in at $1370+
So do we head for $1370 and test the Bull or do we head lower like last June and test the bulls in a painful way, as in bend over!
The continuance of Lower Highs continues on the Gold chart…that’s not bullish. Suggesting as Norcini has highlighted many times, strength is being sold into as shorts are covered but NO new long buying is entering the sector.
IF the miners are to lead again, they better start sooner than later….giddy up!
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=1&dy=0&id=p23402635848&a=352292553&listNum=1
Gold will eventually test 1370 and break through it IMO in the very near future. Like I said down some more and then higher. As far as bend over, im sure many have been bent in so many ways the last 2+ tears that there seems to be resistance in the bending here lol.
Anyhow you are right. The trend says lower but these trends can change on a dime and that’s what im expecting. Ecb, fed or black swan something will move this sheep and when it does a new bull will arise. Ive stated far better to dip in here then lose out on a big percentage turn. good luck
LOL, yes very hard to bend over when your already down on both knees.
I don’t think I’ve ever seen a new bull market unfold in anything Glen that if one wasn’t positioned before a big move that they still didn’t make great % gains riding the CONFIRMED bull market.
How many Goldbugs have held onto that motto I must stay in so that I don’t miss the big move. All the way down….ouch.
Good luck to you as well!
Let me add that from these levels the percentages to gain in a rise outweigh the percentages to go down. Both on time and price. That’s my view and im sticking with it 🙂
The more sharp the knife the more important it becomes to grasp it securely by the handle.
Good to know as I always thought a dull knife would require a more secure grip.
The reason a butter knife does not have a sharp tip is because they were first so designed for a feast celebrating a newly negotiated peace. Daggers were left at the door and the rounded butter knife was presented adjacent a soup spoon.
Or so someone may have conjured out of a lively imagination.
Its where spooning ones eyes out originated…during a feast
Forks, hammers, knives and now spoons….what’s next….sickles or pots and pans!!!
Can I get a good call glen 🙂 A little more pain before gain.
I found Seg 3 v. interesting. Gary Christenson reminds us, if we need reminding, that QE and manipulation are the overriding opponents of PMs, and that the schemes to keep the dollar alive will get their comeuppance big time, and that each day we have to wait brings us nearer to that time of reality.
Re Segs 7 & 8 the congressman is clearly a fine and principled indicdual, of whom in a nation’s decline there are always a growing few. Yesterday saw a long programme on one of my hero vocalists – Nat King Cole. As a black man not only was he a sublime singer, but a guy whose colour became less and less relevant the more folks got to know and love him. Arguably the U.S. was in its heyday during the 50s/60s yet the King had to still fight the forces of the Klu Klux, as well as living in an all but white neighbourhood which whilst it sought to evict him were busy buying his records. Sadly while U.S. society is and remains as blind as anywhere else when it comes to prejudice and/or gullibility, there are still our role models out there. And as the old adage would have it: LOVE CONQUERS ALL