Stories That Will Drive Metals Over The Next 2 Weeks
Jobs numbers tomorrow, a Comey testimony next week, and the Fed meeting in two weeks, all of which have the potential to move markets. Craig Hemke joins me to discuss the impact he thinks these events will have on the markets and especially metals.
Click here to visit Craig’s website for more metals commentary.
Click download link to listen on this device: Download Show
Well said CFS.
Trump actually missed a great opportunity to announce something meaningful, like major infrastructure initiatives to improve the power grid in the US, or encourage the use of renewable energy (After all it did sound like he had listened to Ivanka.
He might even have suggested that the US will start looking at the trade inflows from countries that are major polluters and abusers of human rights with a less favorable view, if he wants to sound pro-environment.
As if CO2 should be reduced in the first place — it is the opposite of pollution!
CO2 reduction starves the rain forest.
We dont care about rain forests, we cut them down for firewood.
Deforestation is actually one of the main sources of CO2 emissions.
The elites like Ted Turner and Bill Gates want to reduce CO2 so that fewer crops will grow and they can cull the population of the earth by 6 billion.
Turd will say just about anything (BSN) and extend/pretend that he has a clue where the metals are headed but a cursory look at his overall big picture synthetic analysis over the weeks/months/years shows he’s been almost completely wrong in the big picture view overall.
Is $1250 gold/$17 silver /Dow over 20K /USD consolidating @100 something to crow about?
What is it that he’s been right about?
About a year ago Andy Maguire and Turd spoke with that other pumper/shill Max Keiser and spoke confidently how the gold market would implode in 2016. Lol!
And here we have Turd telling us what’s about to happen in 2 weeks. Everyone check back in 2 weeks and see how that all went!
But for fun…let’s look at Andrew “90 Days” Maguire to see how he fared on yet another preposterous claim that had Turd all excited back in early February.
I’m no math wizard but it seems were past another expiration date of one more in a series of semi-anjual moronic and made up BS claims prefaced as analysis and insider knowledge.
It’s all a crock and has always has been a crock run by crackpot pumpers/shills looking for a fan club of naive doomer pigeons who’ll continue to believe or put up with seemingly everyhing they’re told.
In the end they’ll see it for what it was or became and they’ll just stay away unless watching and reading the comments of half angry/semi-deranged people offers some type of entertainment value. A real carny show.
Read this nonsense below, do the math, and ask yourself why Turd believes he can continue to roll out crap and expect/hope that you’ll eat it up.
https://www.tfmetalsreport.com/blog/8172/guest-post-heightened-risk-gold-price-reset-andrew-maguire
DP..history shows that people will continue to eat it up…an unfortunate situation..
Did the gold market implode last year? Lol…no!
Did anyone actually take that nonsense seriously back then?
Comments?
http://www.silverdoctors.com/silver/silver-news/silver-fireworks-june-has-begun-eric-sprott/
http://www.pmaccountability.com/
Gold will never go below $1500 again Jim Sinclair
Silver will never go below $30 again David Morgan
James Turk
When promoting his business GoldMoney (later bought by BitGold) – the purpose of which was to encourage people to buy precious metals – hopefully, through his company – James Turk made some of the most outlandish and ridiculously poor calls in the sector. Let’s look at a few of these headlines from articles:
November 16, 2010 James Turk – $400 Silver by 2013 to 2015 – and yet it flounders at 1/27th your predicted price 1-3 years after your specified date. Any comment Jimmy?
December 2, 2010 James Turk – Expect Extremely Bullish Action in Mining Shares – many of the majors went from $50 to $5-6 dollars
July 5, 2011 Turk – Commencement of QE3 to Send the Dollar Into Oblivion – yet the dollar has only gained strength since DXY from 78.2 (the time of his comment) to 94.64 (April 2016) exceeding 100 a few times on the way.
September 12, 2011 James Turk – Expect $2,000 Gold Within 45 Days (I, instead, expected James Turk to STOP MAKING PREDICTIONS!… but I was wrong)
October 31, 2011 James Turk – Silver Formation Projects Spike to $60 – $75 Level
November 28, 2011 James Turk – Bullish Flag Pattern to Quickly Send Silver to $70 (Note to self – don’t trust ‘flag patterns’… or Turk)
December 7, 2011: James Turk – The Banking System is on the Verge of Collapse (perhaps ‘verge’ is not the correct word, Mr. Turk)
an entertaining site.
Good collection, b.
Nice website, b.
Here are a couple of gems (with links):
1.
https://silverinstitute.wordpress.com/2011/08/24/john-embry-comments-hui-on-kwn/
‘John Embry Comments HUI On KWN
“The mining stocks were just breaking out, I mean the HUI (gold bugs index) got to 609 and that just coincided with this violent attack and correction in gold. Not surprisingly the stocks that comprise the HUI are getting banged around. When the HUI clears 600 with a lot of enthusiasm, and I think that’s probably going to happen pretty soon, I think that index has a real good shot at hitting 900.”
Read more at King World News’
There is a broken link there.
I am sure that I remember his call clearly, so I looked for evidence of it online. There it was. HUI Gold Bugs’ stocks index was going to go from 600 to 900. This was when HUI was hitting 600 of course, near the peak. Then it went to about 100! This I think is one of the best (worst) ever!
2.
Another gem was Sinclair’s connection with $1764 gold and $12,000. I recall that he may have said something like if gold holds above $1,764 it would go to $12,000.
https://www.jsmineset.com/2011/07/15/jim-sinclair-gold-milestone-at-1764-paves-way-to-12000/
Actually, it paved the way for $1,200 and even $1,045!
I thought that I had heard this one a bit later, when gold retook $1764 on its way to $1800 in September 2012 before the crash to $1300 and then $1180 – but maybe I am mistaken. Sinclair seems to like square numbers (maybe a thing from Jesse Livermore) since 1764 is 42 squared. (Of course, 42 is the answer to life the universe and everything as Douglas Adams wrote.)
Naive doomers? Hmmm….
Worldwide debt levels are at unprecedented levels (both public and private … and, only public debts can increase indefinitely … lenders eventually stop loaning to private parties who are maxed out).
Stock markets are buoyed with QE from Fed, ECB and BoJ and are at all-time highs … soon to reach unprecedented levels (in terms of both PE ratio and duration of bull market).
To believe that this can continue indefinitely stretches one’s credulity (at least mine).
It seems that Hemke, Keiser, Maguire, Turk (and a host of others) have thought that this nonsense should have come to an end … and the fact that it hasn’t is more likely the product of unprecedented market manipulation (QE, ZIRP, NIRP, central bank asset purchases, etc.) than the fact that “this time is different” and market forces are no longer at play.
If so, I have sympathy for those who were early in their call for an end to this insanity and believe that they may yet be proven correct (at least in the next year or so).
DPH: It is about time someone made the goldbug promoters accountable for their ‘predictions’. None of them (at least I don’t think any of them) would in 2010/2011 had had any idea that gold would trying to get above $1270 as I write!
There has been so much pure BS talked in the gold community especially from 2009-2016 that I wonder how most of these people dare to get in front of a microphone.
The fact that they still do says it all.
It is time (overdue) to stop listening to the Fed.
They do not have the best interest of the US in mind, unless by chance it coincides with banking interests. They always put banking interests first; always have.
Otherwise why would the purchasing power of the dollar hardly drop at all the 50 years before the Fed was created, but has dropped in purchasing power over 95% in the last 100 years, since the Fed was created.
The Fed is destroying savings AND THUS THE ECONOMY, by keeping interest rates low; so low they will destroy the world monetary system.
Who cares what the proven LIAR, Comey says? Once proven a liar, why should anyone believe anything he says:
a. is true,
b. is not being said for political reasons.
Comey …does anyone with a brain think he is not a liar…….Just a cover man for the Clintons and Obama administration(s)
Absolutely, CFS.
Along those lines, former Director of National Intelligence, James Clapper: “I responded in what I thought was the most truthful, or least untruthful manner by saying no” when he testified to Congress.
Why isn’t he in prison? Apparently he’s now with the ‘Center for a New American Security,’ which sounds suspiciously like the Project for A New American Century.
A real crowd of winners:
“Dinner guests have included General Stanley McChrystal, Admiral Michael Mullen, Josh Bolten, Secretary Madeleine Albright…”
“Notable Scholars and Alumni
Robert O. Work, Deputy Secretary of Defense, 2014–Present
Michele Flournoy, Under Secretary of Defense for Policy, 2009-2012
Kurt M. Campbell, Assistant Secretary of State for East Asian and Pacific Affairs, 2009-2013
James Clapper, Director of National Intelligence, 2010-2017
Robert D. Kaplan, author and columnist
Colin Kahl, National Security Advisor to the Vice President, 2014-2017
Julianne Smith, Deputy National Security Advisor to the Vice President, 2012-2013
Dr. Ely Ratner, Deputy National Security Advisor to the Vice President, 2015-2017
Dr. Patrick Cronin, Assistant Administrator for Policy and Program Coordination, USAID
Shawn Brimley, Director for Strategic Planning, National Security Council, 2010-2012
Dr. Dafna H. Rand, Deputy Assistant Secretary at the U.S. Department of State, 2015–Present
Richard Fontaine, Foreign Policy Advisor to Sen. John McCain (R-AZ), 2002-2008
Loren DeJonge Schulman, Senior Advisor to National Security Advisor Susan Rice, 2013-2015”
https://en.wikipedia.org/wiki/Center_for_a_New_American_Security
canadian gov is giving the lumber industry 650 million because about 2000 people are out of work.
Invest in new markets they say, hmmm.
If the industry hasnt found new markets in years and years, why now?
Good management improves with a cash injection Im sure.
So funny, what they say? Not 1 in a million will see whats happening.
Same as bailing out the banks, I bet those 2000 guys would be happy with 250k each, but, its the lumber companies that really count.
We will keep doing the same thing over and over until we get it right I guess.
“Insanity”
Trying the same thing over and over and expecting different results.
Einstein
Gotta love the giveaways to the extractive industries.
What portion of Canadian wood goes to pulp for paper? Seems like that ought to be replaced by hemp. Oops, better spend another billion on finding new markets for wood.
NO rate hike………I bet……..
I am disappointed that Trump has decided not to move the US embassy in Israel to Jerusalem. It appears to me he is worried about political criticism.
Let me state categorically that I am not a Jew and have no affiliation with Israel.
(I, in fact, dislike and distrust the banking establishment, and the Rothchilds)
I see no reason to support the arab so-called Palestinians, or Palestine in any way.
They have for half my lifetime been nothing but terrorist and terror promoters.
Abbas was one of those involved with planning the assassination of Jewish Olympic athletes at Munich. I remember how the Palestinians and others cheered when the 911 towers fell to the ground. (I was in Europe travelling at the time and saw nothing but joy from Islamic countries on the TV.)
Clearly, if one looks into the history and archaeology of Jerusalem, it has never been an arab capital; and despite an Islamic mosque being erected on the Temple mount, Jerusalem is nowhere mentioned in the Koran. It seems to me, therefore, appropriate to place the US embassy in the capital of Israel.
Wow.
What is it that makes you think what the Jews are doing in Israel is correct? How is it that after a 1900 year absence they have the right to take all land of value from those who have occupied it for many generations? You don’t see any terrorism in the acts of the Israeli Jews?
You consistently refuse to acknowledge the part of the US, Israel, and the UK in fomenting Islamic terrorism for decades. I don’t think you’re being at all intellectually honest.
John Pilger on the recent Manchester attack:
http://www.counterpunch.org/2017/05/31/terror-in-britain-what-did-the-prime-minister-know/
Since you bring up 911, I’m curious about your view on that as well. You’re a physicist, aren’t you? What do you think of physicist Steven Jones’ analysis of the collapse of building 7? Do you believe office fires can cause a steel frame skyscraper to collapse thirty meters at free-fall acceleration, and cause the building to collapse on its own footprint in a manner visually indistinguishable from a picture-perfect professional demolition?
As for cheering Arabs, that may well be the case, whether it was Arabs or not who were actually responsible. As has been mentioned here often, after decades of death and destruction in the Muslim world committed by the US with their Anglo and Zionist allies, it would not be surprising if many Muslims felt some cheer at seeing a stick get poked in the giant’s eye.
What do you say about the Israelis filming the 911 event and cheering?
https://www.corbettreport.com/911-suspects-dancing-israelis/
I do not believe the 911 investigation was correctly held.
Prima Facie, it would appear to be impossible for a non-impacted, non-burning building to collapse.
I was not in the country at the time of the investigations and thus am ignorant whether the collapse of building 7 was addressed. I assume it was not.
As regards the melting of iron due to burning of kerosene, I am skeptical of claims of impossibility.
My great-uncle was a blacksmith, as were both his father and mother. I don’t know if you have ever watched a blacksmith, but it is surprising the temperatures that can be achieved by forced air on burning coke. I suspect a tall building could radically increase air-flow and thus cause much higher airflows than even a blacksmith uses.
I will look at Steven Jones’ comments and then comment on his view.
I must say I’m surprised that with your voracious study habits you haven’t looked more deeply into the most glaring loose end of the defining event of the 21st century–WTC7.
Okay, so we can agree that the official story is likely a lie. (In my opinion it is a certainty that it’s a lie, when the sum total of inconvenient facts, not just WTC7, is taken into consideration.)
What really happened and who did it is another matter. Obviously, this is a question that requires a thorough, proper investigation.
You think it was Saudis. I find it very hard to believe that they played more than a supporting role. WTC7 would have had to be wired for demolition. Could the Saudis have done that? Not bloody likely. If they did manage to do it on their own initiative, would US leadership cover it up for them? Again, not likely. There is only one foreign power that commands the kind of obedience that might make that possible, and we all know which one it is. The same one that was able to ensure that most Americans do not even know what happened with the USS Liberty, and whose leader gets 20+ standing ovations when he speaks in front of our Congress.
Who was in power at the time, who could have rigged the investigation? The Bush administration, stacked full of Zionist Neocons. Cui Bono? Zionist Israel, for whom 9/11 has provided the pretext for all the subsequent wars. Even in Ukraine, it was a Zionist Neocon, Victoria Nuland, pulling the levers. Likewise, the same group overwhelmingly owns the mass media that allowed a massive cover-up to keep the American public largely unaware.
The obvious suspects, then, are the Bush clique with key supporters in the military industrial security complex, the Neocons, and Zionist Israel. Again, a proper investigation is needed. But these are the obvious suspects.
Here is one video that points in the directions that a proper investigation would have gone.
https://www.youtube.com/watch?v=n_fp5kaVYhk
As for where Israelis should live and what should be their capital, obviously it’s a thorny issue, preceded by a century of dirty deeds. So I don’t pretend to have a tidy answer. But I would propose that a starting place would be to force them to negotiate on a good faith basis, which they certainly do not do and have not done.
It would be best for the US to stop giving them any more support than it gives any other country on the basis of respect for international law and human rights. No more foreign aid, no more running interference for them at the UN. And their lobbies in the US like AIPAC should be registered as agents of a foreign power. This current debate about undue Russian influence on US politics is a pathetic joke, with everyone studiously looking away from the real instance of that problem–Israel.
What the answer certainly is not is for the US to continue to give unconditional support to an expansionist, apartheid regime which has clearly stolen the Palestinian’s land, perpetrates an endless string of atrocities against the Palestinians which is far greater than the Palestinians’ retaliations, and has manipulated the US into a large number of wars.
What bothers me about your constant commentary in this area, CFS, is that it is incredibly one sided and fails to take into consideration a great deal that is known about western responsibility for fomenting Muslim terrorism. It’s easy to express horror at a terrorist attack. But what you do does nothing to get to the bottom of the problem and find solutions. All it does is fan the fire of violence and misunderstanding.
I should have concluded with:
All it does is fan the fire of violence and misunderstanding which, in turn, is destroying all we hold dear in US tradition. It’s been used to justify subjecting us to illegal, unconstitutional surveillance; to justify the Patriot Act, torture, and suspenion of habeas corpus; to loot us through military spending; and to distract from defending our rights and well-being as bankers and multinational corporations bleed the country dry. Even all the Lefty garbage that you rail against–who promotes it? The same mass media, under the same ownership, that passed off a brain-dead version of the 911 story to a naive and ignorant American public.
Intelligent people have a responsibility to get to the bottom of these matters. Not to hoot and holler and be distracted by the fireworks show.
Re: “Even all the Lefty garbage that you rail against–who promotes it?”
I’ve been waiting a long time for someone to make that statement around here. Doesn’t anyone know where Marxism comes from?
Gh, thanks for your reply.
My guess is that you have not visited much, if any, of the region. You should.
Comparing Jordan or Egypt with Israel, whether Mediterranean coast or Red Sea is like night and day. One can tell the location of borders from a mile out at sea…..The Israel side of the border shows development and progress whereas the Arab side tends to be a wasteland of rocks without much development.
I start with a basic premise that the Jews deserve a location to form a country, pretty much everything else, borders, etc. should be negotiated. Given that Jews are the descendants partly of Egyptian slaves that originally settled in Judea, the location of Israel seems appropriate.
Neither side Israeli or Arab is without blame in the current problems, but how (given my tenet that the Jews should have a country) does one proceed to negotiate anything when the Islamic side is not prepared to accept ANY non-muslim presence in any territory they control?
I accept that between a half and one million arabs were displaced by the creation of Israel, but it was my understanding that over a hundred million pounds was given by the British as compensation, under the League of Nations creation of Israel. Just as nowadays when a new road is built in the US land is seized by eminent domain and compensation given.
Do I believe US aid to Israel should be reduced or eliminated? Yes.
I do understand what appears to be selfish Jewish self interest in maintaining a strong army/Air force and using it in usually retaliation against rocket/mortar attacks.
This is often called Israeli terrorism, but I don’t think it should be.
I disagree with much of the Patriot Act.
I disagree with suspension of Habeus Corpus under any circumstance than declared war.
I rail against Islamic misogyny, I agree, because I believe that that religion has a fundamental flaw and is in need of a reformation.
I believe most of the American “values” stem from Anglo-Saxon heritage; not Christianity, Judaism or any other religion.
CFS, Likewise, I appreciate your reply.
First off, the comparative level of development is irrelevant to the issue at hand.
But yes, that Jews are high achievers in many disciplines is clear. And having the backing of global finance and the US can’t have hurt. Just as the US having propped up Mubarak for 30 years couldn’t have helped the development of Egypt. Look what the Zionist Neocons with their tools Hillary & Obama did to the development success of Gaddafi in Libya–they utterly destroyed it.
There would appear to be but one way to development for countries without sufficient military power to defend themselves–through subservience to the Zionist-controlled central banking cartel. Surely a man as well-traveled as yourself is not blind to the ongoing consequences for development of neo-colonial exploitation of the majority of the world by the ‘developed countries’? That’s only part of the explanation, of course, but it is a significant part.
“I start with a basic premise that the Jews deserve a location to form a country…the location of Israel seems appropriate.” There’s nothing ethical about using a 1900 year old land claim to justify breaking some eggs to make the omelette certain parties want. It’s purely might makes right.
I agree neither side is without blame. But as far as I know, your next assertion is blatantly false: ” the Islamic side is not prepared to accept ANY non-muslim presence in any territory they control?” There are example of other Muslim countries that are successfully multi-cultural. Iran has a Jewish community. Syria is highly diverse, but it is being destroyed by the usual suspects–the US and Israel, with their Gulf State Sunni allies. If successful, Syria will be safe only for Sunni fundamentalists. Which will justify Israel carving out whatever parts of Syria that it wants. In the specific case of Israel, if what you say were true, Jews never would have gotten a foothold. But they did, and when their strength had grown sufficiently, the Nakba happened.
As for the compensation matter, you’ve given me something further to study. Assuming payment was made, I wonder who it went to and how. Has all that has happened in the meantime, as illustrated in the following map, been compensated?
http://www.catholicsforisrael.com/images/stories/palestine_map.gif
How do you rationalize what this map illustrates? Or is it in error?
Talking population numbers also is irrelevant. It was several generations ago now, and their descendant population has grown exponentially. It’s a sad fact that the poorest tend to have the highest population growth rates. And who is poorer than those who have been dispossessed?
The bottom line is that you are falling for ruses (or promoting them) and thus supporting the Zionist agenda, which is the root of most of the problems you claim to be against. As long as it advances:
The bankers and Marxists you say you distrust will become ever more powerful.
Terrorism will continue, given its utility in promoting the ‘forever war’. How did al Qaeda and ISIS come into being? Whose interests have they served? Yes, Saudi and other gulf states support them as well. But the notion that that Saudis are in the driver’s seat on this, or in the 911 plot, is laughable. If the Saud family ever pisses off the US/Israel sufficiently, they will be gone in a flash.
Continued warfare in service of the Zionist agenda will continue to destroy American and European liberties and finances, while further fanning the flames of terrorism. Who is promoting the unlimited immigration of Muslim refugees to the West from the countries destroyed by the wars in service of the Zionists? The Zionist owned mass-media, that also promotes all the Marxist garbage (along with affiliated groups like the ACLU and ADL).
I would encourage any and all to research mass media ownership and control. When you consider that, and who controls finance, a lot of pieces fall into place.
gh, I listened to the Corbett report.
I do not know if the specific Dan Rather comments referred to “dancing Israelis” or whether to arabs celebrating. I did not see Israelis celebrating, I did see film of arab celebration.
It would not surprise me if Israel spied on the US, indeed, I assume they do.
(Just as I assume the US spies on allies)
It would not particularly surprise me if Israel intelligence had some idea of 911 in advance. They seem to have an efficient spy network that is not impeded by “political correctness”.
It would surprise me if they had complete details of the 911 attack in advance and did not pass on that information to the US. That would trouble me.
On the other hand there is no proof that the US did not have advance warning.
(Theories of controlled demolition would tend to support the US taking advantage of fore-knowledge.)
It worries me, for example, no intercepters were scrambled to force the Pentagon or Pennsylvania planes down.
It worries me that the specific area of the Pentagon that was hit contained the only accounting records of the missing money announced just the day before.
There are many aspects of 911 that I find disturbing, and I am sure the general public does not know the full story.
I do not believe that Israel was guilty of instigating or financing the 911 terrorism.
I don’t believe Saddam Hussein had any significant role in 911.
I believe that the guilt lies in the direction of Saudi Arabian citizens.
Steven Jones report did not say much.
The calculation needed would be an estimate of the energy capacity in the fuel and what percentage would be needed to raise what amount of concrete and steel above 660 C. Clearly even then such a calculation would only be an estimate of a possibility.
That a building collapsed without being hit by a plane says to me that we have not been told the truth.
I hope that answers most of your questions.
A request for information…..
Where do you think the Israelis should live and where should be their capital?
“I do not believe that Israel was guilty of instigating or financing the 911 terrorism…
I believe that the guilt lies in the direction of Saudi Arabian citizens.”
Assuming the above is not ‘legalese’, is it safe to conclude you believe the most powerful factions in the US and the Western world were not responsible in any way, yet they covered up for the crime of the Saudis?
You have an interesting concept of how the world works.
CFS:
If you understood history at all, it was the Zionists who brought terrorism to the Middle East and they continue daily.
You are wearing blinders. Israel isn’t the victim, they are the ones guilty on a daily basis for war crimes.
A few things I observe about CFS:
1. He is apparently intelligent.
2. His views are internally inconsistent. He claims to be in favor of liberty and the Constitution, and traditional American values. Yet he tacitly supports mass terrorism, and policies that undermine liberty, the Constitution and traditional American values.
3. He resolutely refuses to engage in honest debate.
Conclusion: I’m leaning away from the ‘blinders’ explanation, and toward ‘wolf in sheep’s clothing’.
It’s really indecent.
RM..as usual you are the one with the blinders…a lost cause..
Gator, as usual, sharing so much insight with your one-liners.
As I recall history, those Jews occupying Judea prior to WWII did indeed commit many acts of terrorism against the British forces of occupation.
I notice now that in Israeli controlled territory that Muslims are allowed to have mosques and pray, as are Christians allowed to have churches.
Inotice that in Arab controlled areas and countries Christians and Jews are not allowed the same privileges.
Indeed, Bethlehem was a Christian village for 1500 years until the Palestinian Authority has removed virtually all the Christians in the last couple of decades.
I have not seen unprovoked attacks Israeli on Arab. I have seen unprovoked attacks Arab on Israel I am fairly sure there is mutual hatred between the two factions, probably quite deserved, which is sad and continuously inflamed by schooling.
CFS:
There is an open air prison called GAZA. You should look into it.
I was wrong, you don’t have blinders, you are deliberately ignoring the pimple on your nose and pretending it doesn’t exist.
Israel is not the victim and never has been. Gator knows that but he needs to go down to Kmart and buy a moral compass because his seems to be totally broken.
If you have not seen unprovoked attacks by the Zionists on Arabs you have your head where the sun doesn’t shine.
The mutual hatred on part of the Arabs is because they resent living as 2nd class citizens with no rights and having their land stolen from them. I actually understand that and it has nothing to do with religion.
There can be no cover-up for the day of disaster or Nakba in 1948 when 700,000 Palestinians were evicted out of Israel.
They are guilty of war crimes Bob, and on daily basis.
Yet they are still victims. They are victims to the same people we are all victims of.
That, of course, is a key point, b.
i understand gh, its just sometimes Bob doesnt mention some Jews are also victims.
An interesting u tube is “communism by the back door”, it shows where the Jews actually came from, I guess they have zero claim to palistine.
But control the coin and you have rights to pretty much everything.
ya gotta luv capitalism. lol
Yeah, I watched that a month or two back, probably due to your recommend. Very interesting.
Control the coin AND the public dialogue, and then you’ve really got something. I don’t think it has so much to do with capitalism. I guess it depends on how you define it.
My guess is most Jews are victims in the same sense most Americans are — victims of mis-education and brainwashing.
I agree with you 100% gh.
Good posting today.
I say “ya gotta luv capitalism” simply because alot of things are done for profit, the industrial security complex for 1, destruction of our environment etc.
Im not really making a comment on the definition of capitalism.
Guess I should be more careful around educated folks.
Isn’t America great!
Freedom of Speech.
Liberal Democrats can get rich, even without stealing.
Of course, I, somehow, didn’t think China, India and other much more highly polluting countries were committing acts of war. Stupid Me.
CFS:
Yes, here you go again half baked with fake news.
ira epstein metals:
https://youtu.be/IixzgrG4Opo?t=32
ira epstein end of day:
https://youtu.be/56GfYmIulfk?t=33
CFS, if you are going to put out such a controversial, indeed bellicose opinion, you really ought to have the decency to defend it in debate. Not to do so puts your sincerity in doubt. This is your m.o., in case you’re not aware–people challenge you on your views in this area, and you disappear. Not cool.
See above. Feel free to ask further questions if you wish.
CFS, I have to step out for a couple hours. Let’s see if you have anything to say in the meantime. If not, all I can say is that your position on this matter undermines everything else you claim you stand for.
2016’s Top Hedge Fund Manager Relives History’s Greatest Gold Scam
by @WarrenIrwin on May 31, 2017
https://ceo.ca/@warrenirwin/2016s-top-hedge-fund-manager-relives-historys-greatest-gold-scam
Ex, what do you think of these drill intercepts: https://web.tmxmoney.com/article.php?newsid=4971356213532202&qm_symbol=MYA
DT – Yes, it was a great intercept. I was a prior investor in $MYA and realized they had the potential to pull hole like this from Zgounder, but my concerns came from a different area.
My conflict with staying an investor in Maya Gold and Silver came after a working geologist, Dan Kogaion, who I speak with from time to time and read his articles put out a lengthy piece about the potential environmental and human interest concerns on their property (that as far as I am aware remain unmitigated).
Dan pointed out the concerns about the Mercury and Cyanide issues (from prior artisanal miners) and as an investor, I couldn’t stop thinking about it and they became a concern for me.
The company was advised by a 3rd party consultant to clean it up and process all the old ore and water to get those toxins out, and apparently they just put a membrane over the polluted area and moved along with their operations. You can read his criticism below, but the main worry is that this could leach out into the water table and affect the local communities.
Personally, I wrote to their IR department twice w/ excerpts of the article and with links, with questions, and specifically asked if they had done anything to mitigate those issues. Nobody ever responded. It rubbed me the wrong way and I exited my position. That has no impact on the quality of their drill holes or mining efficiency, but there are thousands of miners to invest in, and I don’t want to knowingly invest in a company that may end up cutting corners and hurting others.
Mining is a risky business with all kinds of upheaval to the area and various harsh chemistry used, but there are processes in place to minimize damage. In this case, it is not the company that did this, but rather prior local miners. However, they are care-takers of that property now, and it is their responsibility to manage things ethically. I wouldn’t feel good making money on the company if the water leached out from under that membrane and carried those toxins down-stream and they hurt the villagers in that path.
If they clean up that area (and maybe they’ve started to address it as others have been discussing it as well) then I’d be more enthusiastic about $MYA. That’s just my personal opinion and 2 cents on them.
_______________________________________________________________
Here is the @DanO piece on $MYA
Here’s a link to Dan’s site:
Here are some specific passages that concerned me personally:
“Recent miners used cyanide to recover silver from the ore but unheard of they did not use a cyanide destruction circuit therefore their tailings are laced with cyanide which seeps in the aquifer and gets into the creeks located below their location (creeks 1 km down of the tailings dam are high in cyanide)..
The second environmental problem is represented by the way they process the ore because their mill did not catch the mercury which was therefore released in the air in an uncontrolled manner.
The consultant company recommended that MYA reprocess all the historic tailings and recover some silver but at the same time destroy all the cyanide still existent in there. MYA decided to only cover the tailings with an impervious membrane and divert water runoff around them. While this is a step in the right direction it is definitely not good enough as one would have to drill some holes and test the aquifer below the tailings pond to figure out how much cyanide is still escaping and travelling down the slope. There are creeks (some temporary) that flow through the mine area and some villages down slope that rely on agriculture to make a living; and they are at high risk of getting poisoned by mercury and cyanide. It is not only an environmental disaster (that the MYA is supposed to have the money to fix) but also a money problem and a social license problem which could also affect an investor’s return if the shit hits the fan. The consultant co also recommended that they recover the mercury (fumes) resulting from processing of the ore. And a cyanide destruction circuit is to be built and incorporated in the mill flowsheet. All these only add to the bill faced by MYA.
The mine itself is old and so many parts of it were mined out that getting back and mining the ore that is still in place (i.e. around those old mining works) presents a significant risk from a mining point of view. It also could mean that their scheduled production (2300 tpd) cannot be achieved if old uncharted mining works are going to be encountered by their development work. Which is very likely.
The consultant co aware of this problem engaged a local co to do some laser scanning of the old mining works to try to map them. For certain
reasons they weren’t 100% successful therefore the risk is still present. And some of this incertitude is therefore incorporated in the resource estimate. Consultants strongly recommended the mapping of all (still uncharted) historic mining areas.
The mine does not have neither geotechnical nor hydrogeological problems. But there is water below the main 2000m adit (flooded) and to mine or search for extensions to the mineralization down there one would have to dewater it first. At this moment it is unknown if the underground water carries a heavy load of mercury, arsenic etc which would prevent it from being discharged (untreated) in the local creeks. Possible permitting roadblock. The consultants recommended that they start by mining above the 2000 m level. But a decline is to be constructed to reach the lower part of the mine which is flooded. MYA didn’t say anything about the decline yet….”
Thanks Ex, I didn’t realize you had done so much due diligence. WOW! DT
I have a few rabbits up my sleeve 🙂
Really I want to be able to like it, but it also pisses me off when IR departments don’t respond at all, especially with something as serious as this.
In full disclosure, I have not followed their news very closely this year, and it is possible they may have addressed some of these concerns.
It definitely has room to run from here, but I choose to go with less controversial companies in the Silver and Gold space for my own conscious. I may give them another look and reach out to Dan sometime in the near future to see if he’s revisited things with them.
IPT closed at the 233 week MA today but I wouldn’t be surprised if it dips to the 200 wk MA at .49 very soon…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=2&mn=7&dy=0&id=p85387178664&a=527173254
ipt could go very low over the next 2 months.
so could alot of others.
course maybe the impending shortage will finally get recognized and its……to the moon.
Tomorrow is friday tho, and fridays reverse directions sometimes, the full moon did, sure didnt last long tho.
Yes, it COULD this and it COULD that but what’s with your preoccupation with a silly shortage? IPT happens to be a business that mines silver. It will go lower if silver goes lower. Pretty simple stuff.
lol, yup, pretty simple stuff.
like calling for a reversal on a friday.(no chart required)
Sure enough, we got it, only been an hour but most are even to less than 2% up.
cherry picking will find a couple above 5%
A weak reversal at this point, well, COULD be weak, COULD be strong, we know more as the future unfolds.
IPT for example, hasnt budged so far, doesnt SEEM to be taking part in this reversal at this point, kind of an indicator it tanks should gold drop a bit I would think.
Im only saying it COULD drop.
Metals are very place to be right now, to be fair, alot of resources are weak, Russian agriculture looks good tho.
oops, metals are a very weak place to be right now,….
which of course makes it a good time to buy.
Buying during the Summer Doldrums has worked out well a number of years in the PM miners.
I’m personally waiting to see if there is continued selling pressure going into the Fed babble and GDXJ rebalancing that should be completed by June 17th. If we get some more pressure in the next week or two, then I’ll be adding.
July is seasonally a booger of a month for Gold and if thinks look dire in July, and people start clamoring about all time lows again, then I’ll deploy my remaining portion of dry powder.
If the selling pressure gets exhausted over the next 2 weeks and I add a bit more, then my portfolio has plenty of exposure to participate in an earlier than anticipated Summer rally. Personally, I’m fine with either path the miners take at this point.
a fair stratagy ex, buying in doldrums works out most times alright.
My point was simply PMs are weak right now.
As matty was mentioning ipt, I said ipt could drop, sure enough, gold up about $16 from yesterdy and ipt is down 2 at this particular point. (sure could change)
A weak share. and it indicates a suseptibility to dropping in price during the doldrums as many do.
extrapilation may mean to wait for purchasing.
Guess I should have spelled that out.
Wow b, you said IPT could drop right after I said: “I wouldn’t be surprised if it dips to the 200 wk MA at .49 very soon.”
You could’ve just said “I agree” – it would’ve been easier.
ur comments actually mean very little to me Matty.(ur ok with charts tho)
ur a percentage player, I dont view the game that way.
lol, i c it, u mean that 6 min interval? dont flatter urself Matty.
I was teasing you, little b, not flattering myself. The day my comments matter to you is the day I should quit this game.
with all the cash you claim to have made I dont understand why you wouldnt leave the table.
the trick my friend is not to play the game to long.
i do understand not having anything else to do tho.
other than that, go spend the cash, thats what its for.
some people say its a sin to die with cash.
get urself a harem, enjoy.
Will the Dollar/Yen gap to 109.500 be filled?
Friday off to a good start………gold…banging it’s head on $1275
Illinois junk bond status………….way to go Obama…….(couldn’t help myself)…lol
Cairo , Illinois………there will be no more public housing……people on welfare asked to leave. …pbs
HUD housing being condemned …….public projects not working as planned….
This is hard to believe, …..but, the report said ….there has not been one new house built in Cairo in 50 yrs.
Cairo is located on a flood plain. A few years ago extensive areas of good farmland were flooded to save the place.
Flood plain area…..ok, I see why there has been no new housing.
JOBS Report stinks………People not in the work force increases…..by 600,000 …NO JOBS NO MONEY…….going to be a long hot summer………………………..jmo
Full time jobs tumble …….the obama plan effect, worst president in our life time…..
Everything sick with America summed up in two words…….CLINTON OBAMA
They are just “front men” Jerry
then putting them in jail ,should be no big deal……..LOCK HER UP…..Obama can be her door man………. 🙂
Take the time to watch that “communism by the back door” u tube.
They run everything Jerry.
that u tube presents another possibility as to why hitler didnt attack britain.
my favored thought has been “ideology” for awhile, now im not so sure.
This all ties together…….Pilgrim society, Communist , Rothchilde, Queen of England, Nazi in Washington, all have been running the show for a long time.
Even the Pretend Jews… BUT,,. Still does not mean you should not be able to lock up two criminals
how jerry?
unless they get sacrificed to keep the masses quelled.
They should just throw the sheeple some red meat to keep the circus going….. 🙂
Unfortunately , there are just not enough people who have done their homework……or just do not give a dang……….
nail on the head Jerry.
All dirty rotten scoundrels need is for good people to do nothing.
BoJ, ECB balance sheet exceeds FED’s first time ever……………zerohedge
Gold should be $1300 today………
Galane Gold is working on its 8th consecutive close above the 600 day MA — which hasn’t happened since last July…
http://stockcharts.com/h-sc/ui?s=GG.V&p=D&yr=1&mn=0&dy=0&id=p43803347250
GLD is poking through resistance…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p86599274799&a=521457207
The miners are unlikely to launch a sustainable move higher until SLV:GLD takes back the 89/100 week MA…
http://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=W&yr=3&mn=0&dy=0&id=p94688402956
Agreed. I will be pleased when Silver takes over as the leading indicator moving up on a larger percentage basis than Gold.
If we see miners out performing the metals then that is the 2nd factor for a bullish move.
There may be more short-term pain in the meantime, but I’m still evaluating my shopping list for the next few weeks. 🙂
To be specific, and I think you’ll agree, the miners must outperform the metals by at least 3x in order to be considered bullish. For example, if gold goes up 1%, then GDX should rise 3% or more.
Miners come with significantly greater risk; why hold them if they don’t deliver much greater upside?
Adding to the above example, gold rose almost 32% from trough to peak last year while GDX went up 157% — nearly 5x gold’s gain. THAT is bull market action.
Yes, I agree that a 3:1 ratio of out-performance in the miners is in the bullish category, but as you mentioned it can temporarily outpace at 5:1. That won’t hurt my feelings if we see that kind of action on the next significant leg higher.
usawatchdog:
An Instructive Market Lesson: Arizona Silver Exploration (AZS)
by @Goldfinger on June 2, 2017
https://ceo.ca/@goldfinger/an-instructive-market-lesson-arizona-silver-exploration
Deutsche Bank…..just another one doing the same thing…..rigging…..and CFTC cares not.
Trump should stomp on this one.
Tillerson: US Still Will Cut Emissions Despite Paris Pullout
By JOSH LEDERMAN and MATTHEW LEE – Associated Press – 31 minutes ago
WASHINGTON (AP) — Secretary of State Rex Tillerson downplayed the significance of the U.S. pullout from the Paris climate pact, arguing Friday that America still will continue taking steps to cut heat-trapping pollution.
In his first public comments on President Donald Trump’s move, Tillerson called it a policy decision by the president. Tillerson, a former Exxon Mobil CEO, had urged Trump not to abandon the deal but was ultimately overruled.
Tillerson said people need to recognize that the U.S. has a “terrific record” of reducing its own greenhouse gas emissions, adding that it is “something I think we can be proud of.”
“That was done in the absence of the Paris agreement,” Tillerson said. “I don’t think we’re going to change our effort to reduce our emission in the future, either.”
Here are some humorous and stirring conspiracy videos (strictly for infotainment). 😉
The Canadian dollar turned up after precisely backtesting fork resistance-turned-support…
http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=2&dy=13&id=p42613949838&a=524751879
IPT has found light support at a steeply descending pitchfork…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=13&id=p64244836675&a=504696309
Fwiw, I’ve been buying even though I think it can go lower.
Silver/SLV is looking good to me…
http://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=5&mn=6&dy=0&id=p43307259853&a=527342898
Trump exits Paris climate agreement!
Fantastic. Only a moron would stay in, regardless of whether we cut co2 emissions or not.
In fact we have cut CO2 more than most countries. We have increased Solar and Wind power more than most.
The Paris accord was a typical Marxist UN agreement which gives India and developing countries a free ride, while the US would have paid them!