I was using sarcasm, taunting, because of lies. Just about very post that I've written points to unfairness, manipulation, money games and illusions. This year and last, I have written many posts on silver, economics, employment numbers -U6, and the struggles of the middle class. I just finished reading 'Animal Spirits' which talks about economic illusions and corruption. I wrote my economic thesis on this subject. I won't have spent a thousand hours posting on pm boards if I felt different. I just would not be here. Read the article below.
"Here is the current definition of recession: "a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters."
This definition worked fairly well when economic growth and employment were fairly well correlated. So the recessions ended for both the rich and the rest of US at the same time. Since the 1990 recession, jobs have taken much, much longer to rebound from recessions than GDP.
By this definition the current "recession" ended in June, 2009. The banks and Wall Street are doing very well, and the incomes of the 1% are at record levels. The "jobs" recession is still going on as we are still below 2007 employment levels.
My personal opinion is that the definition of recession is important for the simply reason that the only contact the elites have with America anymore is through government statistics. So it is important that government statistics paint a fair picture of conditions in the country.
So how would you change the definition?
The current U6 unemployment rate is 13.6% Using a percentage for recessions would that work?? Or should we redefine it similarly to the GDP definition....two consecutive quarters where employment exceeds the previous high. I personally would adjust it for population growth through births and immigration."
I would buy silver over gold. We're not in a recession and silver has stronger industrial demand. Old mining lanterns made with part silver was once my thing. I like older coins. I have a few PSA graded. I hope that life has been good to you. I get emails from a few who once posted on the other board.
I posted this a while back. 'Gold reflects the price of currencies (mainly the USD) as they do against each other. Most important is complex swaps, including interest rate swaps and currency swaps, that are used by corporations doing business (mostly real estate or corporate development) in more than one country to protect themselves against sudden, dramatic shifts in currency exchange rates or interest rates. Currencies and gold both do trade on economic agendas and that's why corporations and commerce are always considering currencies, bonds and interest rates.'
Right now, swaps are being used as an INSURANCE hedge by US international corporations and banks - see today US economy numbers. It's insurance against rates here and rates abroad. They are hedging against China, India, Japan and gold nations such as Australia. Citizens of China and India must have wealth to buy gold as a wealth symbol. This would be an 'opposite' reason from their central banks buying.
I think that EXK is on the ore move (including gold) in going for more now. When they add cash, I think that they may start to invest in Canada. I may increase my small core to a larger core soon.
This time around, also watch the difference between yields on five- and 10-year notes. They widened to almost the most in two years, suggesting investors are betting faster growth will lead to higher long-term borrowing rates.
Winusky: I had no idea this time around about what the FED would do per QE, so I didn't give you an opinion. Any tapering would cause PMs to drop due to a dollar reaction. Right now it's mostly about the dollar and with that I never hold a currency position for very long. I glad for that, because as of a month ago, I had though that the dollar would continue to drop. So no hurt there compared to my thoughts about the Mexico tax bill.
A couple of weeks ago, I mentioned that GS was selling some of their gold to clients, along with vault services increasing worldwide. Jeweler's vaults are selling faster than temperature and humidity controlled archival storage vaults, which are used for the preservation of valuable archives such as rare books, paintings and historical documents. I have a 50% ownership in a small business that sells rare historical stuff. I believe that vaulting will help hold metals range bound as well as the needs for silver in technology.
Our government doesn't want China owning gold and that should be a bigger discussion for the next couple of years than US debt numbers. EXK internals - They must bring home the gold. have Right now, day traders rule and it's not profitable enough to be one of them (miners). I still have a longer term outlook.
I really like the wisdom of Richard "Old Man" Harrison on the History channel reality series "Gold and Silver Pawn Shop" in Las Vegas. They also buy old guns, cars and history stuff. My kind of stuff. He has been known to ask sellers questions like "Is this your real name" and "be honest to me boy". You can see in his character and eyes that he's a straight shooter and funny too. He wears the same hat to work each day and I respect that. No hidden meaning there, it's obvious.
Hello Mainman: Do a little checklist research and brighten the darkness as to whom or what ID stands behind the curtain. Bashers will jump with red when they see a vulnerability or weakness as we all sometimes leave our doors unlock. That type of bashing doesn't happen often and only by the real sick jealous types. Some trolls have multiple IDs and friends.
Start first with a time search - above. With that, the street is not crowded. Notice how a suspect treats others who confront them. They will give red, but will give themselves green mostly only when they are confronted back. I don't have a concern with the poster above or with the recent posting of MR. Yahoo message boards (public and private) have trolls and bashers that will go after main posters.
Those with paranoia personalities along with other social behavior - controlling, ego, anger or trust disorders get self satisfaction by all of this. With message boards it's about power without their face or life on display. If they make money trading from this, it's a frill, but the pulsing satisfaction comes from seeded conditions.
What is posted on this board, seldom if almost never will make a big difference in price. It's best to forget the trolls and keep posting.
Have a warm Christmas with your family and to all the other posters long or short.
I'm not referring to MR, it's someone else that posts on another pm message board. This someone has posted here and dislikes EXK. I'm not the only one that knows about this per emails. Others have seen red as well.
He's given me as many as 6 down red thumbs per post in less than 3 minutes. Immature, and I suppose those that have / had connect with him in real life feel the same way.
Sure why not, it's called manipulation to brainwash you in thinking that a better economy is bad for silver. Corporate industrial banking want you believe that silver is just a currency, dollar negative and an inflation hedge, so they can buy silver cheap and you won't.
A silver coin has two sides --- heads for industrial growth as in silver usage and tails for economic concerns.
Research the Silver Industrial Conference held in Washington, D.C, and you will see the other world of silver - and lately it's been the real world. Heads up. Tails another day. Either way, silver is a reflection of the future.
I've never been invested in Canarc. Many shareholders of past were from Vancouver, BC Canada per local mining presentations and media outflows.
I posted this on June 23, 2013.
Canarc - Form 6 - K 2012
CEO Bradford Cooke - salary - $35,290. Total Compensation $47,150
Most other option-based awards are nil (present) including pension plan
Canarc has their own President / CFO, and 2 VP's that manage day to day operations.
I understand your pain. They should never had issued public shares for funding development. High reputation underwriters require revenues of approximately $10-$20 million per year with profits around $1 million for issue of public stock pertaining to a new company. Risk ratios and beta are always high with any new company becoming public to raise cash for development.
Not much to say today , but for the many reasons that metals rose yesterday, nothing has changed. There's little notable government reporting today, here or abroad.
From Market Watch - “European currencies do have a tendency to strengthen toward the end of the year,” he said, adding that the trend had been overshadowed in the past few years by the European crisis. The year-end strength in the euro has to do with export companies that tend to hedge at the end of the year for the following year."
That is true. Also, European's, Australians and a lot of other countries are getting upset with our government on several issues. International spying by our government is starting to make waves. Many foreigners are starting to boycott the dollar and dollar trades. This could Heat Up With Activism, but what do I know. The CME pasted rules yesterday to investigate non banking criminal futures activity. I expect that this is mostly because of possible banking restrictions with hedging.
Boring post, boring day.
The DRY Index or ICE may fall more based on Foreigners view of the frosty dollar
Foreigner Cold As Ice Lyrics
You're as cold as ice
You're willing to sacrifice our love
You never take advice
Someday you'll pay the price US government, I know
I've seen it before, it happens all the time
(Oooh-oooh) You're closing the door, you leave the world behind
You're digging for gold, yet throwing away
(Aaah-aaah) A fortune in feelings, but someday you'll pay more for my gold
Sorry about that, Yahoo jumped the gun and posted before I hit the post key. The same with the above post as 'their' needed to be changed to there.
I also wanted to mention the Volcker ruling in relation to Black Swan events - banning portfolio hedging. This is why Goldman and other investment houses wanted to sell gold, their gold, to clients. This issue is helping metals and will slow manipulation until they fully re-open prop desks in London and Asia.
We should get another day of up movement with futures. Their is some sand short covering, but currencies are pointing to China and away from Japan.
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.