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GOLD AND SILVER, ECONOMIC NEWS, COINS, 2009 forward

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  • 1jester1jester Posts: 8,637 ✭✭✭
    JP Morgue ups its silver short postion another 30%. That's why silver's recent advance has been so restrained.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    March CFTC bank participation report

    Here's the March bank report if anyone is interested. I found it interesting that the banks are heavily short on Plat, Pall, and Silver, less so on the gold.
    But they are heavily long on Copper.

    Feb CFTC bank participation report

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    What a powerhouse. There's enough for roughly 34 days in the "strategic reserve".

    Spend spend spend spend, don't save, try to make everyone think that whatever ails them is someone elses responsibilty, run around the world and have military in what, over 100 countries? , don't have a pot to piss in so that if indeed there's a shortgage, we can all do what?

    A rare peek inside our Fort Knox of black gold / Beyond wire, steel in Freeport lives oil stockpile that soon may grow only in value
    Peek-a-boo


    stra·te·gic adj strə-ˈtç-jik
    Definition of STRATEGIC
    1: of, relating to, or marked by strategy <a strategic retreat>
    2a : necessary to or important in the initiation, conduct, or completion of a strategic plan b : required for the conduct of war and not available in adequate quantities domestically <strategic materials> c : of great importance within an integrated whole or to a planned effect <emphasized strategic points>
    3: designed or trained to strike an enemy at the sources of its military, economic, or political power <a strategic bomber>


    Yeah, strategic.


  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    In the design world, we call that form over substance; it doesn't matter if it works well, just that it looks good and everyone knows that looks are very important. Is that supposed to make oil cheaper for a month? Better to save that little bit of oil for when the N. African Union tells us to pound sand...

    Weren't we supposed to be getting away from oil consumption and go immediately into alternative fuels a couple of years ago? Oh, wait, we're doing that, we sent all the oil producers packing; that should put an end to all that silliness. Form is important.

    Got CASH (for gas)?
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Using up our strategic oil reserve is the dumbest idea I've ever heard. It really is.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Using up our strategic oil reserve is the dumbest idea I've ever heard. It really is. >>



    yes it is, but it has been tapped a couple of times, (this not being one time to do it IMHO)

    any one care to decipher the $OVX for me?
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Cartoon from the 1930's

    image











  • 7over87over8 Posts: 4,733 ✭✭✭
    How current those quotes are in the cartoon!!!!! Switch the names and the characters, and whola!

    We haven't learned after all these years.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    great cartoon....

    so are you saying, this tiime it's NOT different?

    Liberty: Parent of Science & Industry

  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>image >>




    Which one is which?
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    From the 1930's. Looks like they were as "way out" as Ron Paul with their predictions eh?

    image
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    cartoon will apply equally well to 1930's, 1870's, 1830's, 1790's, ancient Rome, 2011, and probably 2090, 2157, 2344, etc..

    the names of the characters will change, the specifics will of course be different, and life will go on...

    Liberty: Parent of Science & Industry

  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    So now the Repubs are going to go after SS entitlements. Those under 54 will get screwed. OK to give the banks free money through the Fed. We are all serfs to the Federal Government. They own you. You may have your mortgage paid off but the Feds owns your home and your income. Stop paying taxes on your home or your income and see what happens. Best to go on welfare and let the state take care of you. But those relying on the government for handouts will get a rude awakening soon.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>So now the Repubs are going to go after SS entitlements. Those under 54 will get screwed. OK to give the banks free money through the Fed. We are all serfs to the Federal Government. They own you. You may have your mortgage paid off but the Feds owns your home and your income. Stop paying taxes on your home or your income and see what happens. Best to go on welfare and let the state take care of you. But those relying on the government for handouts will get a rude awakening soon. >>



    Congressman Ryan

    he's a young dude, i'm a year and a half away from the double nickel.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    That's at least 2 guys that get it: Ryan and Paul.

    But the hard nut to crack is the near 50% of voters who either don't pay taxes, get fat handouts, or both. They will never care about cutting debt, only about the next govt check...and will vote for any candidate, regardless of qualifications who will promise that.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i just hope we don't swirl the drain into a Social Democracy.
    scary to think those of us who produce and are taxed are in a minority (we are threatened regardless)
  • GOLDSAINTGOLDSAINT Posts: 2,148
    So why are all these hedge funds guys sending all the money back????


    LINK
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Very interesting, GoldSaint. Icahn doesn't want to lose money for his clients and he thinks it's gonna happen if he keeps it in stocks. That's how it sounds to me.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i agree jmski52

    he seems to think the "false rally" is going to burst soon.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    But the hard nut to crack is the near 50% of voters who either don't pay taxes, get fat handouts, or both.

    And those that paid into the system for over 35 years get shafted. They are handing my retirement social security check over to these types with their ideas of reforming entitlements. Give me the 200K that I and my employer paid into the SS and Medicare and I will be fine. These politicians violated the trust of the american people by looting social security and putting worthless treasury IOUs in its place. It was the politicians that made this into a ponzi scheme.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>But the hard nut to crack is the near 50% of voters who either don't pay taxes, get fat handouts, or both.

    And those that paid into the system for over 35 years get shafted. They are handing my retirement social security check over to these types with their ideas of reforming entitlements. Give me the 200K that I and my employer paid into the SS and Medicare and I will be fine. These politicians violated the trust of the american people by looting social security and putting worthless treasury IOUs in its place. It was the politicians that made this into a ponzi scheme. >>



    that was my first knee-jerk reaction, but there must me some trasnitory or "cusp" program for those soooooo close the that 55 age. this will need to get passed of course, maybe in the early fall of '12?
  • fastrudyfastrudy Posts: 2,096
    George got it right

    owners
    Successful transactions with: DCarr, Meltdown, Notwilight, Loki, MMR, Musky1011, cohodk, claychaser, cheezhed, guitarwes, Hayden, USMoneyLover

    Proud recipient of two "You Suck" awards
  • GOLDSAINTGOLDSAINT Posts: 2,148
    Supposedly the interest on the national debt is 6 billion per day, but as we all now know the social security system has been looted
    and contains Treasury IOU’s, so does the Federal employment retirement fund, so does the Medicare fund.

    Soooo when the calculation is done for how much interest is due on the debt each day, does it included the INTEREST on all those treasury IOU’s
    on all the trillions of debt in all these funds?? Huh?
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>Supposedly the interest on the national debt is 6 billion per day, but as we all now know the social security system has been looted
    and contains Treasury IOU’s, so does the Federal employment retirement fund, so does the Medicare fund.

    Soooo when the calculation is done for how much interest is due on the debt each day, does it included the INTEREST on all those treasury IOU’s
    on all the trillions of debt in all these funds?? Huh? >>


    The interest on the national debt is not $6 billion per day. It's only about $1.13 billion per day.

    Feel better now? image

    My Adolph A. Weinman signature :)

  • ProofCollectionProofCollection Posts: 6,115 ✭✭✭✭✭


    << <i>The interest on the national debt is not $6 billion per day. It's only about $1.13 billion per day.

    Feel better now? image >>



    Especially when you consider that rates can only go higher from here, and a vast majority of the debt is very short-term debt!
  • 57loaded57loaded Posts: 4,967 ✭✭✭
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Some thoughts from 1974

    Robert Welch-1974











  • 57loaded57loaded Posts: 4,967 ✭✭✭
    March 2011 Martin Armstrong (if anyone is interested)

    Link...it's a pdf as most always


  • << <i>March 2011 Martin Armstrong (if anyone is interested)

    Link...it's a pdf as most always >>



    Anyone keeping track of the dates to see if any of these Shamans are correct??
    Kip
    UCSB Electrical Engineering....... USCG and NASA
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Anyone know what this means?

    image
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Anyone know what this means?

    That somebody at the Fed wasn't paying attention this afternoon?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Oy Vey!

    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>March 2011 Martin Armstrong (if anyone is interested)

    Link...it's a pdf as most always >>



    Anyone keeping track of the dates to see if any of these Shamans are correct??
    Kip >>



    i think i have one of his from a few years back, but it's in my office and i don't do "log-on-to-my-PC" with the old Commodore 64image, if i have it, i'll post it Monday
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    About freeking timeimageBombs Away!!!!!!!!!!!!!!!!!!!!
    Avid collector of GSA's.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Perpetual war.

    More and more Americans can't seem to wipe their own ass but they sure have an opinion on who "we" should bomb or dictate to ( all the while whining and sniveling for more socialism at home )

    Should be ashamed of themselves

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Kadaffy bout 30 years overdue! IMHO

    We got show power off every so often to keep them scared and USD valubleimage
    Avid collector of GSA's.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Bombings have given initial boost to all the metals and commodities. But now a lot of retracement eventually needed to cover all those gaps from Thursday to today.

    Australian banking act of 1959, section 4 - gold ownership

    Best I can tell this law is still active and gives the Australian govt the power (when deemed necessary) to remove/limit private gold ownership.
    Frankly, I'm surprised that Australia has such a law on the books. Then again, we have the leftover War Powers Act and various laws from the
    1930's that could probably be construed to do the same thing with private American gold holdings.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "Frankly, I'm surprised that Australia has such a law on the books."


    Hard assets, particularly PM, are the enemy of fiat. Banksters own all the fiat and the citizens that own hard assets are a threat to total control of the money available to citizens. Once the nations were taken away from PM and became totally bankster fiat dependent then the citizens lost their individual sovereignty to the fiat that the banksters totally control; as in what citizens can borrow/buy, what the cost or benefit of using fiat will be to the user, and how much tax can be generated by using the fiat instrument itself for commerce.

    At this point in time, in the US, the gov want's velocity with a lot of tax activity every time there is any movement. It is not in the banksters interest to have high citizen savings, hence the bankster rate of 1.5% on CD's for the citizens. If the fiat is not in the stock market where it can be worked or out in the economy where it is churning consumer goods then it does nothing for our GDP or for the banksters nor does it generate any tax income. Not a question of if it's good or bad policy, it's simply what it is, but individual citizens that own PM at least have a little independence from the banksters and the monetary policies that the banksters promulgate on our behalf.

    Got CASH?
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>

    << <i>

    << <i>March 2011 Martin Armstrong (if anyone is interested)

    Link...it's a pdf as most always >>



    Anyone keeping track of the dates to see if any of these Shamans are correct??
    Kip >>



    i think i have one of his from a few years back, but it's in my office and i don't do "log-on-to-my-PC" with the old Commodore 64image, if i have it, i'll post it Monday >>



    PM to Kipsent but if anyone wants an 11/2009 "report" from Armstrong to compare at all, send a PM with an email addy.

    I may have some time later to do this myself, just an exercise. Some of these guys are all over the place, others preach the same gospel knowing that someday they will hit it spot on.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭


    << <i>Hard assets, particularly PM, are the enemy of fiat. >>




    I don't really disagree with this except that all commodities, and to a very real extent, all sources
    of production are also enemies of fiat and those who control it. What difference does it make to
    the purveyors of money if people are buying wheat or silver. Ideally this would apply equally to
    shares of manufacturers except now days these are giant conglomerates that are in the orgy with
    bankers and government.

    Bankers mostly just control the flow and amount of money available and it's this amount that drives
    the prices of everything. Gold goes up because the amount is increasing and silver because it is
    coming to be seen as undervalued. In either case though so long as th amount of money increases
    the prices of commodities will increase. This can affect the value of the plant and equipment that
    processes or delivers these commodities as well.
    Tempus fugit.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Thanks, Clad...nice explanation.
  • 57loaded57loaded Posts: 4,967 ✭✭✭
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Police: Angry Taco Bell customer fires at officers
    (03-21) 08:13 PDT SAN ANTONIO, TX (AP) –

    Police say a San Antonio Taco Bell customer enraged that the seven burritos he ordered had gone up in price fired an air gun at an employee and later fired an assault rifle at officers before barricading himself into a hotel room. San Antonio police Sgt. Chris Benavides says officers used tear gas Sunday night to force the man from the hotel room after a three-hour standoff. The man is charged with three counts of attempted capital murder. Authorities have not released his name. Brian Tillerson, a manager at the Taco Bell/KFC restaurant, told the San Antonio Express-News that the man was angry the Beefy Crunch Burrito had gone from 99 cents to $1.49 each.



    Good thing I don't go to Taco Bell anymore for my old favorite hard Taco Supreme. I might have lost my cool as well. So did the guy buy them after all?


    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ProofCollectionProofCollection Posts: 6,115 ✭✭✭✭✭
    I wonder if Cohodk still doesn't see any inflation in his neck of the woods. BK dropped the Buck Double, it's now $1.29 and a few months ago the value fry went from $1 to $1.29. $1.29 is the new dollar.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    1/2 gallon of buttermilk up 31 cents $3.43 from 2 weeks ago $3.12.

    Suppose they are adding the fuel price in nowimage

    It was $2.67 a 1/2 gallon in November 2011.image
    Avid collector of GSA's.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    BJ's gallon of milk $2.67 to $2.99 in about 3 weeks.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Starbucks coffee in Albertsons is $10.99. Was $8.99 last year.
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>1/2 gallon of buttermilk up 31 cents $3.43 from 2 weeks ago $3.12. >>


    Does that mean I have to raise the amount I'm willing to pay to avoid drinking it? image

    My Adolph A. Weinman signature :)

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