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A whole lot of drama going on!

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Could it be that the pound sterling is decreasing in value relative to the U.S. dollar because of the “exit talk”? What do you think?

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60 Comments
    May 03, 2016 03:52 AM

    Off message so please bear with me Richard: However for your wider audience it’s such a nice and significant story that it needs telling. Leicester City Football Club have just won the top prize in English football. as champions of the Premier Division.

      May 03, 2016 03:59 PM

      5000 to 1 the odds were on that folks.

    b
    May 03, 2016 03:55 AM

    Is that the club that has something to do with Richard being buried?

    May 03, 2016 03:05 PM

    Sorry I clicked too early! Leicester a few years back were a no-bit footballing side, with one of their star performers all but injured to the point of never playing again. But now with a whole team costing less than some of what the top-flight Chelsea or Man Utd players get paid individually it is a fairy tale. How did they do it? Through an inspirational manager, an incredible team spirit unspoiled by players with towering egos, and through a sheer exuberance of playing for the love of the game. Leicester is only a small city in the East Midlands, but the whole place has erupted in unsuppressed joy.
    And the morale of this is surely that too much money can only provide partial happiness!
    Incidentally another Leicester lad Mark Selby won the title of world snooker champion for the second time, and on the same night as these otherwise lowly champions made history.
    Maybe it was thanks to the Buddhist monks shipped over by the club’s owners before each match that pulled this stunt off!
    Before last season Leicester were 5000:1!!

      b
      May 03, 2016 03:36 PM

      These are neat stories, hollywood makes movies of them, maybe they’ll do that one too.

    May 03, 2016 03:21 PM

    Re Brexit, please God may it be so! Small businesses are getting creamed by EU regs

      CFS
      May 03, 2016 03:20 PM

      It’s all circuses and carnivals, Andrew.
      The liberal BBC propaganda to hide the coming loss of sovereignty should Brexit not happen. In the sum-total of important things does the winner of the Premier League really matter one jot?
      I believe little of what is said by Auntie anymore. The collapse of moral values, by liberal-leaning schools will sink the country into oblivion.
      The utter Cr*p on TV Appauls me. Values are sinking to non-existent in much of the youth.

      E.g.http://www.usatoday.com/story/news/nation-now/2016/05/02/teen-filmed-pleasuring-herself-public-bench-found-guilty/83846666/
      Even many parents seem incapable or raising children…….such is the consequence of council houses, their gangs, and the welfare system nanny-state.

        May 03, 2016 03:04 PM

        Part of me agrees fully with your comments CFS. One man whom I know wrongfully convicted for 26 years is a far more matter, and SHOULD grab the nation’s attention. But then if football fans derive pleasure in such a way, one can feel some pity if not even sheering in a smidgeon of their joy?
        Dunno. The world’s so f…ed up.

          May 03, 2016 03:41 PM

          Part of it certainly is Andrew! I don’T hesitate to stress not all of it is!

        May 03, 2016 03:18 PM

        I happen to agree with you completely on this one, Professor!

      May 03, 2016 03:12 PM

      I am on your side Andrew!

    May 03, 2016 03:40 PM

    That huge bull flag on the weekly dollar chart has got to make a move soon. I don’t see gold beginning any new bull market. We are still in a cyclical bear in gold . I believe the next leg down is coming, which will take gold to $500.. A bull trap gold to 1400 would be fitting. That would send the dollar down to 89 – 90. 87 is 200 weekly avg.

      May 03, 2016 03:48 PM

      Are we related Velma!

      May 03, 2016 03:59 PM

      Velma…Why do you think gold could drop to $500 ?

        May 03, 2016 03:18 PM

        The real name is Velma Banky, she or he is the boardroom with the other banksters. DT

          LPG
          May 03, 2016 03:40 PM

          Nice one DT !
          😉
          LPG

        May 03, 2016 03:19 PM

        Velma forgot the 1……….1500………….. 🙂

      May 03, 2016 03:40 PM

      Velma my highest target for gold is 1310-1338 which could be reached by mid may.I am not seeing 1400.1st target is the monthly ubb (20) currently at 1310.2nd target is the 200wma currently at 1328 and 3rd target is the weekly ubb currently at 1340 and dropping.1328 is my preferred target because it is the .382 fibonacci retracement from oct 2012 highs to dec 2015 lows.

        May 03, 2016 03:49 PM

        sorry people I misread some numbers.The 200wma is currently at 1323.50 and dropping and the 0.382 fib. retracement stands at 1332.Thus the range that I think gold will reach its highs is between 1310-1338.

          May 03, 2016 03:56 PM

          Thanks Don Corleone for the targets.

      May 03, 2016 03:46 PM

      You sound like Harry Dent with forecasts that will not come true such as Dow 3000 that he has been calling and because he felt so dumb he upped it to 5000 or 6000 recently.

    May 03, 2016 03:51 PM

    Off topic: appeal to all. Does anybody have access to Brent Cook’s latest thoughts on Mariana Resources, please? A poster on one of the bulletin boards said that he has bought again and devoted most of his latest newsletter to it. He has been very changeable on the subject. First, he called it the ‘most exciting discovery of 2015’ and mentioned it all over the place. Then, he sold out and went quiet on the subject. Now, he’s bought in again. Can’t keep up with the man.

      May 03, 2016 03:48 PM

      mariana res. is exploring turkey,chile argentina & peru. with just under a billion sh outstanding & a penny stock, hard to believe brent cook would be interested!

        May 03, 2016 03:47 PM

        A billion shares?

    May 03, 2016 03:08 PM

    Al – being told by the US president that if the UK chooses to leave the EU then the US is going to put us on the naughty step is not going to swing the referendum for the remain campaign. Suppose the Chinese premier came over and told you to do something or else – would it work for you?

      May 03, 2016 03:15 PM

      I truly hope that you are correct Mr Howelks. I always thought the British had more “class and character” than that.

    May 03, 2016 03:10 PM

    Herb,
    that “geo-guru” is certainly not afraid of throwing his subscribers under the bus. Not like Al who warns you of buys and sells several days in advance. Last time I checked he was touting 3 stocks I owned several months before he “discovered” them. He might be a solid geo, but I am not a fan.

    May 03, 2016 03:12 PM

    Al – Obama’s statement caused a lot of anger in the UK and does not understand the British.

    How dare he – how dare any American President – try to bully and intimidate us? We stood alone against Hitler, Napoleon and Louis XVI. We are the world’s fifth biggest economy and we don’t need him coming here and telling us what to do.

    Americans would not tolerate us telling you what to do. You need to keep hyour President in line folks. Give him an education on democracy 🙂

      May 03, 2016 03:22 PM

      Bob, this is reverse psychology that is being used to sway the vote in favour of a Brexit. Of course the President knows that Brit backs will go straight up and they will vote against his obvious interference. Personally I think those comments were carefully thought out. It was no mistake and British indignation is well understood.

      CFS
      May 03, 2016 03:32 PM

      You don’t think that Cameron and his minions would not stoop to letting the Pound sink, to influence voting…….I do.
      Welcome soon to the United States of Europe, in which the northern workers subsidize the southern workers and their corruption and siestas.
      Welcome to Napoleanic law in which you are guilty until you prove your innocense, and are only permitted to do those things allowed by law; instead of being free to do anything, which is not proscribed by law.

        May 03, 2016 03:37 PM

        What an interest thought, Professor!

      May 03, 2016 03:09 PM

      Agree Bob. Obama’s arrogance knows no bounds. Interesting for Cameron however who although pro staying in the EU doesn’t have much time for O. After all it was O who described Britain and France’s involvement in Libya as like running a sh.t-show.

    May 03, 2016 03:29 PM

    +1

    May 03, 2016 03:31 PM

    Have You Been Damaged By the Manipulation Of Gold And Silver ?

    Legendary gold trader Jim Sinclair is ready to sue the pants off the gold and silver manipulators

    My Dear Extended Family,

    I have been exploring and analyzing the present and proposed litigation of Gold and Silver Precious Metals (PMs). I have reached some conclusions and want to share my views and offer you an important opportunity to join with me to address this problem in a never before used litigation approach.

    Are you a PM share investor? … A PM producer? … A company whose business was injured as a result of the manipulation and suppression of the price of Gold or Silver? If so, please email me as soon as possible, and provide contact information for me to confer with you. If your entity meets the above criteria, I will speak with you personally as soon as possible.

    I have investigated Class Action Suits, and other conventional causes of action. I have not been satisfied by my findings. We not only need a cause of action, we need a prevailing case. We need a winning plan of action, not just another law suit on top of the heap of other emerging law suits.

    After analyzing, investigating and brain storming with various legal counsel, a Class Action Suit doesn’t seem to be the best strategy or tactic for recovering from the market rigging of PMs. It seems apparent that Class Action Suits have too many drawbacks. After careful research, I believe Class Action Suits for redress of PM manipulation will fail due to many of the drawbacks.

    Some of the drawbacks are:
    Even if successful, the classes may be so large that very little is ultimately returned to the plaintiffs in a settlement.
    Class Actions are long, protracted litigation and assets of the defendants may evaporate long before settlement. Class action suits can take a decade to resolve.
    Many Class Actions are framed inaccurately regarding who is eligible to be a member of the Class.
    The definition of eligibility for Class standing may be too broad and encompass too many plaintiffs.
    Many Class actions initially fail in Summary Judgment.
    Class Action complaints may be ill-presented and not truly representative of all members of the Class since often some, but not all issues apply to the entire class. This is too cumbersome.
    The costs of a Class Action are prohibitively high.
    Not all Class Action witnesses represent all members of the Class, or all issues. Often, witnesses are too academic rather than factual (evidentiary) or probative of actual damages.

    The above are just some of the drawbacks to Class Action Suits. We do not choose a Class Action Suit for the above reasons. We plan to win so a winning structure to litigation is fundamentally important to a positive and successful outcome.

    I believe after careful consideration, we have found the structure and method of winning in litigation against market manipulators. If you are an executive, decision-making officer of a PM producer, or in the process of becoming a PM producer, or an otherwise already operating entity in the production of PMs, and have damages due to the rigged manipulation of the PMs markets, please email me. I welcome your email and will reach out to you. Your entity can be operating anywhere in the world. I am not proposing a Class Action Suit, but we need each other for our mutual benefit in this litigation. I am happy to reach out to parties who have been financially injured and may be interested in participating with us in this dynamic, never before applied litigation strategy.

    No money is being asked of you. We are not soliciting funds to finance litigation, and we will not solicit litigation financing from you during the litigation process. This is a contingent fee litigation, which means legal counsel and expenses for litigation are paid, and only paid when we win.

    A few moments of time can determine our mutual needs, desires and benefits. Due to the manipulation which suppressed PM prices, we producers and those becoming producers have been significantly damaged. We need to overcome the apathy this suppression of the PM price has created in the producer’s industry. We need to overcome the inertia these suppressed PM prices have created and move forward to recover our damages. We need to act as expeditiously as possible.

    Once interested parties are on board, we will arrange a conference call with legal counsel. Our legal counsel will present the revolutionary framework for our successful litigation against those who have manipulated the price of PMs and financially harmed us due to their actions.

    For our JSMineset readers, I request that you urge the production entities you are involved with to discuss this important opportunity with me. Together we can make the difference. Speak with the decision makers of the companies you are invested with and urge them to contact me if I have not already reached out to them. In these matters, bigger is better. Your influence can help and support this cause, and will make the difference. Urge the companies you are invested with to send an email to me and provide a phone number for contact. Do you want all of your losses and damages back? I do! Wake up your company and ask them to have their decision-making representative email me so we can arrange a conference. Because neither you nor your company will recover your damages and losses by just hoping, we must act. Time is short for this window of opportunity. You have the power. Talk with your companies and take action by asking them to email me.

    This opportunity will not last long. The window of opportunity will close quickly. Billions of dollars are a potential recovery in this never before applied legal framework. Your PM companies need to join us. Please urge your PM company to email me at TRECEO108 at gmail

    We are in this together, and we are in it to win it.

    Best Regards,
    Jim Sinclair

      CFS
      May 03, 2016 03:39 PM

      Thanks for posting the Sinclair info.

        May 03, 2016 03:58 PM

        CFS, someone noticed that this was posted on Jim’s site yesterday?

        from JSmineset – Posted May 2nd, 2016 at 6:13 PM Dear Friends,

        Two questions:

        In the Puerto Rico default what happened in the universally feared Chapter 9 Bankruptcy that would end the life of the Muni bond market?

        Well apparently according to some, an island has no such relief if the USA owns it. Puerto Rico has a person in congress as an observer, but no Senator. Long Island, another playground of the sociopathic 1%, better not get Trump angry with them. Fire Island is toast if you hear someone say President Trump. Thank goodness it is said that a President was born in Hawaii.

        Here is another important question. Is today the day someone somewhere figured out what Jim is up to or what they have considered scary risk is actually outrageous opportunity?

        Regards,
        Jim

        http://www.jsmineset.com/

      May 03, 2016 03:16 PM

      Great letter markedtofuture. As I understand it all too few PM CEO’s have dared challenge the status quo; Keith Neumeyer being a notable exception.
      So is Jim Sinclair asking all KER members to contact him? Al, Cory Doc what do you think?

        May 03, 2016 03:40 PM

        Archdeacon, I believe he is interested in getting the different mining companies together first.

        I believe after careful consideration, we have found the structure and method of winning in litigation against market manipulators. If you are an executive, decision-making officer of a PM producer, or in the process of becoming a PM producer, or an otherwise already operating entity in the production of PMs, and have damages due to the rigged manipulation of the PMs markets, please email me. I welcome your email and will reach out to you. Your entity can be operating anywhere in the world. I am not proposing a Class Action Suit, but we need each other for our mutual benefit in this litigation. I am happy to reach out to parties who have been financially injured and may be interested in participating with us in this dynamic, never before applied litigation strategy.

      May 03, 2016 03:27 PM

      Is he doing this out of principle or for profit, Market?

        May 04, 2016 04:10 AM

        Big Al, I would think both. He has paid for JSmineset out of his own pocket for as long as I remember. If anyone can succeed it would be him. He knows all the ins and outs of the gold market better than anyone. The criminal activity of suppressed price affected TRX and him financially. They were able to extend the downtrend for an additional 2 years.

    May 03, 2016 03:07 PM

    The Brits have been brainwashed into believing they should remain with the EU, but they have been brainwashing other countries for a long time, it just goes to show you that BS beats brains. DT

      May 03, 2016 03:13 PM

      It’s too bad Britain doesn’t realize they are the suckers, if you can’t spot the loser (EU) then you are the loser. DT

      May 03, 2016 03:21 PM

      Trouble is DT many young people know no different, basing their ‘remain’ mentality on nothing more than being able to move freely across Europe.
      £350 million going weekly to Brussels should be quite enough for saying let’s get the hell out! Brexit should be our get out of gaol card.

        May 03, 2016 03:33 PM

        Andrew, you are right, Britain is in deep decline. The British Empire is no longer, it’s not even a shadow of it’s former self. RULE BRITANNIA, no more. DT

        CFS
        May 03, 2016 03:57 PM

        The funny thing is that even with Brexit, you go through passport control on entering the EU, AND THEN ARE FREE TO TRAVEL WITHIN THE EU.
        Until the EU collapses or puts up border controls around individual countries.

    May 03, 2016 03:26 PM

    Trump is a winner and the establishment which won’t have it’s way when he is President knows they will have to adjust to the alterations in the national temper and the ways of American life.

    May 03, 2016 03:36 PM

    Here in INDIANA………..TRUMP OFF TO A BIG LEAD…………..

      May 03, 2016 03:38 PM

      GREAT, Thanks Frank! DT

      CFS
      May 03, 2016 03:00 PM

      I did not think Hoosiers were so gullible. How sad! Not surprising, just sad.

        May 03, 2016 03:24 PM

        Hoosiers aren’t angry or gullible they are just fed up with The Government pablum! DT

        May 03, 2016 03:45 PM

        CFS………..the HOOSIERS ARE PISSED……………

        May 04, 2016 04:50 AM

        DT yesterday WAS decisive! Cruz lies in ashes!