Quail: I believe that ifs, ands, buts and luck forms a history for one's life. Also trying to think outside of a manipulating universal box is useful to me.
So YOU may be RIGHT on the shorter term.
Take a look at my last post under your threat - "PM stocks detach from general market". I had worked for D of Labor for a year after my first degree years of college. The 7.0 figure is such dishonestly and it ticks me off, that manipulation controls our government in an increasing way. Talk to someone who has gone recently to Europe, and see if they were welcomed with US dollars. I was told NO.
In November, 2013, the real unemployment rate (U-6) was 13.2%, while the widely-reported unemployment rate (U-3) was 7.0%. Here's how to calculate both.
Step 1. Calculate the official unemployment rate:
U-3 = 10.907 million unemployed workers / 155.294 million in the labor force = 7.0%.
Step 2. Add in marginally attached workers: There were 2.096 million people who were marginally attached to the labor force. Add this to both the number of unemployed and the labor force.
U-5 = 13.003 million / 157.390 million = 8.5%.
Step 3. Add in part-time workers: There were 7.911 million people who were working part-time because they couldn't get full-time work, although they'd prefer it. Add them to the unemployed, they're already in the labor force. Many employers such as hospitals will have staff placed on call. Also according to patient census, hospitals can also force staff to use PTO - vacation time if they have/or not available hours in their accounts. BLS doesn't consider many factors, so part-time wage stats represents millions of people who would prefer working more hours. There are lies all over the place on those who have set and unset part-time hours, which is harder to study, but I will try to come up with figures. One can go with the 13.2 below, but it's much higher than that.
U-6 = 20.772 million / 157.390 million = 13.2%.
What is never discuss is how many people decided to take early retirement after being laid off as they felt that no one will hire them at their age. Some of these people are now finding it hard to get by. My knowledge of this is from a non-profit.
The real hurt will continue and one can thank our corporate welfare greedy shareholdering making nation. And I'm talking about those who want to work.
"Silver and gold will have their day.....but not today! "
Silver and gold has been moving up today. One reason is that Goldman is directing their private clients into some metal and core industry metal positions. My father-in-law swears by them as his account with mostly large cap and dividend stocks has done well.
This was just posted on MSN: News story
"According to the National Employment Law Project's (NELP) newest report, because the fast-food industry pays its workers less than a living wage, U.S. taxpayers must foot the bill in the form of the public assistance programs these workers must use to get by. McDonald's alone, according to the group, cost taxpayers $1.2 billion last year."
"What this report shows," explained NELP policy analyst Jack Temple, "is that whether or not you work in the fast-food industry or eat fast food, the industry is costing you. The low-wage business model that this industry is based on drains resources from the economy by forcing low-pay workers to rely on public assistance in order to make ends meet." Such assistance includes programs like the earned income tax credit, SNAP benefits (food stamps), Medicaid, the Children's Health
Program and the Temporary Assistance for Needy Families program."
From me: The $1.2 billion mentioned (public assistance) is just for McDonalds. Add numbers for all the other hamburger heart failures, plus other food services, retailers and others with low wage jobs. The number comes to some very serious money.
Hi Quail: I wrote - 'The number one private employer (with many part-time workers) in this country is Wal-Mart, and the number two employer in this country is a temp agency called Kelly Services.'
Kelly Services has many contracts with municipalities in which some are in support services, such as a level 1 computer programmer for a local SPCA. Although I was again making reference to private employment.
We also pay for food stamps and many other benefits for many Wal-Mart employees - often including medical care because Wally has so many part-time jobs.
Selling hamburgers and fries, or working at Wal-Mart should be mostly looked at as starter jobs for the young. So why is Wall Street and Washington bragging when we know the real propositional numbers, which are minimum wage jobs.
The executives of MacD's and Wallymart are laughing as they have increased your taxes to pay for corporate welfare. A two dollar rise in the minimum wage would only help you - not these employees - as it would only cut food stamps that you and I pay for. And as far as hamburgers or stuff from China going up in price because of a wage increase, it doesn't hold water for (yours and mine) life expenses. Let the competitive corporate battles begin. I would welcome that.
The reference to the 'green mean machine' is too say that jobs for the middle class aren't available for the entire middle class. The last time that I checked from private economic data, the American middle class ranked 27th in the world.
Almost 80% of the jobs created in the last five years are part-time jobs that won’t pay the bills of an average middle class lifestyle.
And, the second biggest employer in America is now a temp agency!
Food stamp rolls are growing faster than employment. The national debt has increased by 50% in the last five years. There was a promise to reduce health insurance bills for an average American family by $2,500 per year, instead your middle class health insurance went to $3,000 per year. Almost 50% of Americans have less than $500 in savings. Many in the middle class are living paycheck to paycheck.
Labor participation % by men is at the lowest rate ever measured – since they started tracking it in 1948.
National debt will continue to grow. The powerful are stockpiling money now and much of that will be turned into gold. Private vaults for storing gold are increasing.
Never trust government or banking statistics. Your children's lives may depend on it, if you are part of the middle class.
Heads are only counted as unemployed if they have been actively looking for work in the last 30 days, so seasonal part-time jobs are estimated and always overstated.
When you hear people in the media and politicians discussing the unemployment rate, the number they quote is called the U-3 rate. This is a very statistically manufactured number, and only counts heads who are actively looking for work, but can’t find any. If a person isn’t actively looking for work, yet still unemployed, it isn’t counted in the unemployment rate.
The better number to look at is the U-6 unemployment rate. It includes, in addition to unemployed people as defined by the U-3 number, people who are underemployed as in not working as much as they want to be. Then there are heads who need/want jobs, but are so discouraged that they have quit looking.
The number one private employer (with many part-time workers) in this country is Wal-Mart, and the number two employer in this country is a temp agency called Kelly Services. The number three employer, which really is the true number one, is a couch in a living room and the couch isn't a green mean machine.
Mapman, here are two previous posts that may interest you.
newscentral2002 • Nov 11, 2013
Sure: I got mineral mapping from a tech and economics college in Boston that has satellite agreements and contracts, but I had a study - student association with them. Services are expensive, so I recommend that you contact a large tech college to see if they will help. If you know someone that works for a mineral, land or geology agency of the federal government, then they might be able to help you.
One last though. Sorry for the multiple posts, but I was trading some biotech. When you go to 'Satellite Imaging Corporation', scroll down to
'Mineral Exploration and Mining'. Click on the three ASTER images and enlarge the images. This is what mapping would look like for EXK. There are also tools with the real service, that makes mapping very real serious aiding business.
12/4/13 - Oct 26 - Part 1 and Part 2 that explains the tools. Look for a post titled: satellite imagery by shiftsuper175607 •Oct 26, 2013
Note: with the ASTER images mentioned above, keeping clicking on your target mark.
Second Note: The service and tools for ASTER has been updated since.
Mr. Red, " 45% tax increase of total tax burden" is a lot less than 45% of income. Do the math if you can count. Edmundaronson made a honest mistake, more honest than you hiding behind your IDs.
Ryugo82, you would think - LOL. I think that Obama and the US government made an unwritten agreement on trade and border issues.
Tax for oil was part of that agreement. The tax has reflection to the following cartels - oil, drugs, currencies and exchange for deal making, trade and development with US banks as wheeler dealer.
Then I had a conversation with someone at MIT -economics - and his thoughts were the same, but more developed than mine. I don't trust politicians , bankers, or dishonest / greedy people.
The hard working middle class is doomed, except for the one's who are selling you something that you don't need or cheat you too.
"Virtually every silver mining company is impacted because most of us have mines in Mexico, so silver mining companies in general will be reporting higher tax payments and therefore lower profits after tax from our Mexican operations. We estimate the impact the new taxes would have on Endeavour's annual cash flow assuming the same production, costs and metal prices as 2013 will be around $6.5 million of extra taxes. Fortunately, the Special Mining Duty and Environmental Tax are deductible for taxable income calculations so at least we are not getting a double dip. Mexico has historically been one of the more attractive jurisdictions in the world for new mine investment based on its combination of political stability, good infrastructure, low tax rates, and attractive mineral potential - all of which drove our decision to make significant investments in Mexico over the past 10 years". . .
By the use of mineral satellite mapping I was able to see three past events in which I posted before management did. First were results for underground gold/silver at San Sebastian. Second was a mention of extended rich veins for Guanacevi and Bolañitos. Third was strong gold reporting this last quarter - in which I had combined satellite mapping with surface mapping to see progress.
I see some big deposits of gold beyond the last locations - one is El Cubo, which I also posted about two areas before management did. I went into great posting detail of vein location and geology of El Cubo thru use of satellite and surface mapping.
In my opinion, EXK will at future points do a PVG - and not once or twice, but three times.
I started posting on the SLW, as you may reminder when the stock price was $2.85. I posted early on that silver would hit $50.00 and when it did, I said that I'm finished - the game is over for now. I came to this board, where I owned shares at 2.50 because of older satellite mapping. New mapping came out last November and was improved again in April/May. So why do I still have a core? It because at any time, stock price could move up faster than a bullet where one wouldn't be able to buy fast enough, due to a major announcement. The first announcement may be two years off, or it may be sooner.
Disclosure: Geology was a hobby as I was once climbed hills and mountains. My life employment was working for a firm similar to Goldman, but better and more respected. I also taught night classes for a few years. I'm not a professional geologist.
Just wait a couple of years as the weight of greed hurting the middle class and those younger working 30 hour weeks at low wages can't afford a decent life. 30 hour weeks = food stamps and this will be the will be just one of a thousand ways that debt will continue to rise. QE and talk about it's future status with reflection to jobs has banks laughing all the way to Aspen. Banks are playing the talk, both ways, depending where their money is for a particular week. My neighborhood is full of bankers and not one of them believes that the system will not fail. Gold and silver will rise again.
To the person with the thumbs down with no response, what don't you understand about honestly? If you can't agree why yesterday (Monday) wasn't a good day, then you shouldn't be investing in metals.
Wimuskyfishernan: ◾Goldman will exchange $1.68 billion in cash with the Venezuelan central bank, that will be backed by Venezuelan gold reserves. "The terms of the loan dictate the South American government will pay 7.5 percent plus three month LIBOR over seven years, with Goldman Sachs holding the gold in a margin account. Speculation has been rampant after some details of the story were leaked to the press, with some analysts calling the transaction a classic, non-transparent emerging market transaction where deduction is necessary to guesstimate where the story is going." The gold provided by Venezuela to Goldman Sachs will create another source upon which the bank can write and sell massive paper gold bets on, increasing the already speculative paper gold market, and continuing to disturb the well-earned reputation of physical gold.
To support this, how many International companies trading in New York closed lower Monday - most. This relationship is about retail sales, products made in China and US jobs, but the true manipulation is a by factor of the status quo of QE. Banks just want to make money as they are loyal only to themselves. Most of the dealing today was in South America including Venezuela.
This downing of gold/silver will reverse when banks and investment banks want to do foreign deals, including M&A here in the USA - low dollar, margin, debt financing, favorable swaps, bonds and interest rates. They are using mostly monthly timetables per region/sector of industry. In concert with this, when the tables again turn to foreigners buying US assets, gold and silver will rise. All of this is also connected to when US industry or foreign suppliers including retailers want to buy metals.
Back in 2010, I had developed a computer program with the assistance of some very smart people in detecting timely movement of gold/silver to manipulation. It only worked about 80% of the time on a monthly outlook by viewing dockets - M&A, commercial transactions included. I changed the program back at the beginning of 2012. By using this program on a bi-weekly basis, it has been right 48/48 to date. From this, I was able to see when India and China bought metals. A portion of jewelry or solar panels were then shipped to the USA for sale. Made in China means nothing. If a gold watch for example is made in China, and the leather or some small detail in produced in Texas, then the watch will say, made in the USA.
The power of banks that I had mentioned above and for the last few months is continuing, but Goldman is now at full speed. Facts: Banks control all money, pricing and movement, including shorting the COMEX - a double in three weeks, driving fear to the metal markets.
Read about all the deals Goldman placed in process just today in South America. These deals were ordered by GS to have South American countries sell gold to pay for transactions. What is most concerning is how JPM and Goldman have paid off high officials in China. The giving of employment to their children is such a small part of it.