…even in the Orient prior to the Christmas holiday. Do they celebrate Christmas in the Orient, too? ; )
It sure looks like the manipulators are out on their yachts on all continents from here. Maybe they are all congregating on the French Riviera celebrating the returns on their virtual PM mining operations.
Times like this would be great for the deep pocket anti-fiat crowd to coordinate an upside attack while the banksters are lolling away their time in the sun. Yeah, sure, all are waiting with baited breath for Bernanke’s latest statement. Hail to the Chief, the elitists’ man in charge.
“…Didn't realize the ACA was his demand. …”
If you’d have been listening you would have heard him say we can keep our private insurance. That was the year’s biggest lie. You need to pay attention before you post things that most others are fully aware of. Since you seem to be an ACA supporter you may remember when Nancy Pelosi was asked what the ACA consisted of. She said: “We have to pass the bill so that you can find out what is in it, away from the fog of the controversy. …” Most of us know that Californians are clueless when tending to their civic responsibilities, so they keep re-electing these numb skulls.
It is clear by the POTUS actions that he does not hold the US Constitution as the major component of his oath of office. He has a lot of company with past presidents. Our money is clearly defined in the US Constitution. The Fed essentially runs the country. Everyone in finance is holding onto every word out of the mouth of the Chairmen of the Federal Reserve Banks, currently Bernanke.
The Fed’s charter is up for renewal on December 24th after 100 years. Isn’t that interesting timing? The last POTUS that had the spine to stand up to the 2nd bank of the United States was Andrew Jackson, who succeeded in having it closed down, resulting in the prosperity that ensued thereafter. It seems by your attitude that you would side with the central banking cartel.
It was recently reported that the woman in Hawaii that headed Hawaii’s birth certificate division and presented an electronic copy of Obama’s birth certificate to the public was killed in a plane crash that all other passengers survived. There is also the fact that Obama was mentored during his youth by Frank Marshall Davis, whom the FBI listed as a card carrying Communist. Obama’s features resemble those of FMD, but not those of Barack Obama, Sr.
As far as polling numbers go, they come into play when all the relevant issues that otherwise would not succeed in IMPEACHMENT have a chance of success.
Of course. bullion, AU, AG, SLW and junk silver are all related. As previously stated, unless you have the resources of a John Paulson you are outclassed when it comes to analyzing PM markets. What you might do is watch technical charts to see if there is confirmation of a double bottom by, for example, current news that John Paulson dove into them again. Paulson has lost a lot of money in this sector recently, but continues to believe it will recover and trend upwards. That makes sense unless untold millions remain brain-dead and continue to think paper based fiat money and wealth has any lasting value.
Just don’t get over enthused and expend precious resources before time. The more those who do that the more the likelihood that the fiat money crowd will back themselves into a corner they cannot exit from. That will be more entertaining watching them squirm than the actual positive returns to those who have somewhat accurately picked a price point they won’t have to watch continued price erosion from.
Every time there is an advance in PM prices as they arrive in the UK and USA markets they are whacked down. This is not the characteristic of a free market. It is the coordinated attack by western central banks, including those in Asia, to suppress them in favor of fiat currencies, except in the case of Asian markets, they are in acquisition mode, while western markets objective is the protection of the fiat money producing cartel.
So the recommendation here is to discount those with reasonable but optimistic views to what the real price should be, and also to make statements concerning their arrival in the near term. Rather follow the lead of John Paulson’s investments in PM mining companies and ETFs. When they, with their team of analysts, see an opening they are willing to take risks on to make significant investments in what they perceive to be the likelihood of advancing PM prices that will be the straw that breaks the back of the fiat bankster manipulators. You will then have a reasonable chance of success as a longer term investor. Those who visit this message board and continually day trade are never going to see the “forest for the trees” and are more likely to lose money, despite what they might claim to the contrary.
The object here is to find a true low point where manipulation is no longer viable, which can to some extent be correlated with good chart interpretation of true double bottoms. An increasing pool of successful investors opposed to central bank fiat money makes more likely that a turn-a-round will arrive sooner rather than later. That’s why all should look with more than suspicion at those who try to promote the idea that next week or next month will see the re-arrival of the bull market in PMs.
Assuming you’ve provided the correct numbers, the following conclusions result.
A cut of $2 billion compared with the under estimated ACA decade cost of $1.7 trillion represents 0.1%. That is laughable. These numbers need, first and foremost, to be posted as percentages if they are to have any meaning at all to the average person. Otherwise they are just meant to mask how out of whack and deceitful they are. Most look at these numbers, their eyes glaze over, and if they have anything to say it is; “Whatever”.
If we spread that $1.7 T a decade, or $170 B annually among 300 M people it means this low-ball cost estimate spread among that many people is $567 per person per annum. For a family of 4 that is $2,267 and THAT is not affordable compared to private insurance. Most under ACA would not be able to afford that amount. Add to that another 47 M non-elderly uninsured people and the cost to those who can pay will skyrocket as will future premiums when fiat money is used to cover the gap. But only 253 M people will be covering the $170 B annual estimate, meaning their premiums will actually be $ 672 per person, or $2,688 per family, making the monthly payments $224. The 47 M is therefore going to balloon to an indeterminate and much higher number increasing the costs to those who actually are forced to pay the additional amount.
Are there going to be any medical doctors left? Or, being the intelligent persons most of them are, will they find other ways to earn a living. That will REALLY make death panels likely from ACA’s backers. It will also demonstrate the savant type nature of most legislators whose only talent is to get elected, suck people into their schemes and guide them like lemmings to the sea.
The economy of this country is based on deceit emanating primarily from the Federal Reserve System, set up by the elite and the mega corporations for the sole purpose of lining elitist pockets. They are the last word on how everyone else lives or dies.
...by backing needed domestic change, as follows:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
The POTUS has refused to back down from his unconstitutional demands to go forward and implement the ACA. His poll numbers are becoming less with each assessment. At some point they will become so low that even the most timid or extreme leftist of our legislators will become isolated as also-rans with the preponderance of those remaining having the clear power to IMPEACH Obama. And if Biden does not toe the line on the US Constitution, he will also become an easy candidate for impeachment.
What all of this means is that We the People have more important domestic problems emanating from the public sector than all Middle East interventions as well as others internationally. Of course this is a “money” problem and our money is not as defined in the US Constitution.
The Coinage Act of 1792 makes clear what should happen should our money be counterfeited. That is the current state of our medium of exchange, the US dollar. The Federal Reserve Act is up for renewal on December 24, 2013. There are no broadcasts from the mass media for a movement to put an end to this private bank.
Are there a few remaining on this message board that understand the rightfulness of the above, which implies dramatically positive results for USAGX and other companies in the PM sector?
You are certainly right about the throwing money away buying at this time. Years ago we used to watch a TV program called “Charting the Market” with Gene Morgan. His recommendations ALWAYS were to wait for a double bottom to occur. Today that is quite an art to try and spot one because the stock market, in the opinion here, is highly manipulated from Federal Reserve influence. Just enough non-bankster people broadcasting their intentions appears to be a flag for those in manipulation mode to violate that correlation as a turning point. We shouldn’t want to give these blisturds (that’s called censor avoidance) a dime more than we can possibly avoid.
A better indication is long term support, which has not as yet been reached, but we’re getting close. For that to be violated means the banksters and their allies are going to start bleeding counterfeit fiat funny monopoly money to prevent a run-a-way market to the downside. This could kill any perception of a "recovery" and support for the socialist agenda by the ruling elite. If enough non-bankster types correctly get a good price, over time that will damage the bankster agenda. Besides, it’s always very entertaining to watch them squirm, kind of like watching the country’s enemy leaderships’ arms and legs flying apart in mortar explosions (admittedly an extremely rare event).
Unlike many who inhabit this message board, these are sincere opinions not meant to steer people in the wrong direction for our benefit, which doesn’t necessarily mean correct conclusions.
See “Gold-Stock Panic Levels” by Adam Hamilton of April 26, 2013, where he was implying that those who read his market predictions should jump into the PM market with both feet. Having seen others post messages here and on other message boards regarding their admiration for his charting abilities, isn’t it time you reassessed what his charts imply but ultimately fail to predict as the future arrives?
The current downturn isn’t the first time he has been out of sync with market direction. It also happened before the crash in 2008. Interestingly there is a gap that wasn’t there before during that time period.
Save your money. Zeal and Hamilton don’t have as good a crystal ball as do many of you. This goes for many of these other online gurus whose real main focus is to say the sorts of things that will gain them subscribers with total disregard for any consideration of accuracy. In the interests of full disclosure we have never been a subscriber as early doubters. Some are more honest than others about their capability to predict the future with their wiz-bang charts. It’s left up to you to discover them. The simplicity of trend lines that anyone can apply are far more accurate and don’t require a PHD in advanced mathematics.
Hamilton for years has been touting the unfailing predictability of the seasonality of PM price levels. It certainly hasn’t arrived this year. Of course there is perhaps a more predictable view into the future, and that is when statements like “seasonality” imply a sure statement of price levels annually that those with the ability to manipulate PM markets will drive them the opposite direction for their benefit. It’s left up to you to decide whether the gurus and the manipulators have conspired together.
Any specie from anywhere could be a medium of exchange, if accepted in trade in transactions.
Option 1: Take a one troy ounce PM coin, from anywhere. With the US Government as the certifier of assayed content, punch a hole in the coin. Take slug with a wire that exits the slug for scanning purposes to certify content. The antenna would be flush with the coin's surface and connected to a microchip containing a serial number and certification information ONLY. The slug (inserted in the punched hole) would be of sufficient PM weight to replace the amount of material removed. A government issued microchip reader could be obtained to read the certification information, or any 3rd party could provide the service.
Option 2: Foreign gold coinage could be submitted to a US bank. The bank would exchange the coinage with US coinage containing 1 troy ounce of PMs (or other denomination). Foreign coinage would be sent to a smelter and returned to the US Mint in ingot from whence it would be turned into US specie. This would be free of charge, as a US Government service, originally specified in the Coinage Act of 1792.
Laws against industrial use of coins removed when melted down for product applications for those manufacturers requiring small quantities of PMs. Coin clipping fraud detection could be integrated into the microchip through point of sale exchange tracking. This feature would have to be debated to satisfy privacy concerns as a modification to the statement above on certification information. (That ought to bring forth some very interesting arguments.) The death penalty for coin clipping and attempts at counterfeiting could be incorporated into a rewrite of the Coinage Act of 1792.
Let’s see how interested people are in fixing this mess of governments issuing counterfeit fiat funny monopoly money that has the potential of plunging the whole planet into another Dark Age with the banksters as the recognized tyrants in charge in a one world government.
"...Price action has remained within a range since July and could bottom again slightly over $1200/oz..."
See: “It Will Take The Fed Seven Years To Deliver 300 Tons Of German Gold” at ZeroHedge
“how do you "seize" an asset that exists only as crytography on a global network of tens of thousands of individuals in every country in the world. …” You underestimate those with evil designs on anyone that threatens bankster hegemony.
The NSA operatives, through what is fed to them through the NDAA, will have innumerable drones programmed to take out all the identified servers in one fell swoop. It probably will be effective enough to shut down the bitcoin experiment if only 10% get taken out. It’s “national security” they will say. If a few innocents get eliminated in the aforementioned scenario, charge that up to “unfortunate friendly fire”. As reported, that has taken place innumerable times in the past. People don’t seem yet to realize how committed are the banksters to prevailing, with no holds barred. They, and their brethren, are “too big to fail”, didn’t you know?
Again, the only exchange medium that has stood the test of time over the millennia is PMs.
“…the growing portion of the population that are becoming unbanked. …”
Cometh the domestic “bail-ins” and “bit-coins” will be the first to be seized. It’s easy pickings. The NSA and NDAA will spring into action identifying all participants, possibly targeting them as “enemies of the state” to be jailed without trial.
The only safe currency insurance is that which is held outside the reach of the current crop of fascist/natsi governments, including the current version in the USA.
We can put an end to all of this Obamanation if the POTUS’s poll numbers drop into the single digits. That is quite likely when the 10s of millions lose their private healthcare coverage. At that point it will become IMPEACHMENT TIME in order to prevent a revolution. If Biden doesn’t toe the line in support of the US Constitution, it will become IMPEACHMENT TIME for him as well. Then if the SCOTUS fails to uphold the US Constitution, Chief Justice Roberts will become A CANDIDATE FOR THE SAME.
Nothing will get the public riled up as much as the huge impact the current government healthcare takeover will have on their pocketbooks. Perhaps the Libertarian and Tea parties will then have an opportunity to replace the current major parties. The mass media will at that point be totally discredited if they continue to support socialist/natsi political agendas.
The current corporate control of government, down the road, would indicate the removal of CEOs from major corporations who have been reliant on the government teat, perhaps even resulting in jail time, especially in cases like that of Jon Corzine.
Addressing the damage done by the military/industrial complex, whose existence is tied to fiat money, wars and the concomitant destruction of our monetary system through outlandish wasteful money flows into the bank accounts of that bunch of pickpockets will be fare game replacing Bush's “new world order” with that which puts the people first via the US Constitution.
Do you know what is implied by mining and extracting gold and other precious metals from Mother Earth? Do you realize the capital expenditures mining overhead and minting costs to bring to customers the final product?
If so, why on Earth would you have any interest in “bitcoins”?
From perspectives here these are no different than governments issuing “legal tender”. The fact that there are some depraved carnival act type individuals trying to convince people that bitcoins should be considered as an alternative to fiat counterfeit funny monopoly money is testament to what PT Barnum is to have supposedly said: “There’s a sucker born every minute.”
But in fact this quote is attributed to a bankster named David Hannum. Since you know this originated from a bankster expressing proclivity to engage in devious objectives, you must also have a hunch that bitcoins have arisen from similar type individuals.
Also, since you asked the question, maybe you should withdraw consideration of any market investments until you’ve further educated yourself. A good start would be to read: “The Creature from Jekyll Island” by G. Edward Griffin. It is 600+ pages and available free on the Internet (targeted to a general audience). If you take this advice note that nowhere within is this fraudulent concept of “bitcoins” discussed.
If you have read anything that “sugarsail42” has written, consider him/her a bankster agent. Note that he/she stated it is endorsed by Bernanke and governments (crooks sticking together) and “sugarsail42” acknowledges participation.
The following post contains recent statements by Antal Fekete on the issue of gold “backwardation”:
“From two-tier gold backwardation to goldscam! – Fekete”
And a countervailing argument that takes the opposite view by a German PM investor, Dr. Tom Fischer, a professor at the University of Wuerzburg near Frankfurt (the birthplace of fiat money in recent history), Germany:
“Why Gold's Contango Suggests Central Bank Interference”
Fischer’s name appears associated with the Illuminati in a brief search and posits that “contango” is the natural state of affairs in the gold market.
If you do not understand these terms you might best place your dollars in the bank at 0% interest. However recent reports are that the banks are going to be charging YOU to do so.
For those who have thought this through the conclusions are obvious.
Both Fekete and Fischer are mathematicians, but, as you know, “figures don’t lie, but liars figure”.
Who do you believe?
It is too bad that links cannot be provided so you can easily access these reports, but those of you who have been here for a while know that Yahoo has designed algorithms to disallow links, so you must use the titles above in your browser in the "phrase" box to find the cited articles. No attempt will be made to see if either is "white listed" checking if Yahoo censorship has included either link as “safe”.
See the account by Alex Jones, late on 11/22. It should still be available (unless it too has been censored). Federalized police (local sheriffs) roughed up peaceful demonstrators, like the thugs that they are, bloodying a father who was holding his baby daughter on his shoulders. The purpose of the Jones protest was to expose the fraudulent conclusions of the JFK assassination by the US Government. Jones also put himself at risk for bodily harm, just by being there to defend what all who read this, except the bankster spies who inhabit this message board, is outlined in the US Constitution.
If you are invested in PMs, remember that those who passed out the orders to act against the US Constitution in that event will have no hesitation on coming after YOU if they believe they can seize your assets in future “bail-ins”. That means your SLW is going to disappear into government hands.
As Jones stated quite accurately, any who believe the propaganda that we are living in a “free country” are living in a bankster driven mass media dream world, unaddressed by any of our “representatives” who claim to adhere to their oath of office. The country can now be described accurately as fascist/natsi. Take your pick of which political tyranny fits for you. It is really a distinction without much of a difference.
So the banks paid it all the TARP money back?
1. Banks are getting free money from the Fed by not lending, but leaving it at the Fed at interest.
The banks took very risky investments that they were able to use, in part, to pay back what was lent under TARP because these investments were successful. However they knew if they were unsuccessful they could claim, once again, their “too big to fail” argument as Hank Paulson II arrives on the scene.
2. The Fed has bought the toxic assets from the banks, thus removing them from bank balance sheets. The Fed cannot sell these toxic bank assets that it bought from the banks, except at a loss. Then the losses will become public knowledge, leading to a downward assessment of the value of bank shares and bank failures.
3. Further, since the money “was paid back”, the politicians are borrowing even more from the Chinese for jobs programs (but that is fast disappearing as the Chinese are about done with being burned in its lending to the US Government with deflating dollars).
Read the referenced article carefully. We are at a crossroads that could go either way, but today that appears to be DOWN as far as the Precious Metal sector is concerned.
You shouldn’t rely on the advice of others, but if so, at least consider what appear to be valid arguments that match your own beliefs.
Can’t you just see the manipulators rubbing their hands together in glee?
Many of the long term PM charts, going back a decade, such as the HUI, GDM (Gold Miners Index), GDX (Market Vectors Gold Miners NYSE), XAU (Gold & Silver Index), Newmont Mining, among others, have come down to long term support.
See: “Gold & Silver Equities To Rise Like The Proverbial Phoenix” by Vronsky
Are the manipulators going to marshal their forces and violate this long term support? We will find out soon. If they succeed it will mean massive dumping of everything PM related. Depending on how you look at it, that could become the opportunity of a lifetime if the bottom is correctly guessed at, or a disaster for some that have bet the farm with their margin accounts on an upside reversal.
Given all the out of control spending a reversal would make sense. But who says anything makes sense in the way things are handled in a fiat counterfeit monetary system? It’s all about creating fake chart patterns at opportune times, and the Fed with its allies have the printing press to do so. Let John Paulson take the risk here, and if he is successful, follow him on up.