Monday, May 23, 2016

The Government Seizes Gold Mines!

Or so says one Youtube channel.

This channel is claiming that the US Government is seizing silver and gold mines and that we are going back to a gold backed currency.....drum roll......, by the first. Of June. I only typed as much to spare you from watching the video. I will post the video below for posterity's sake and you may watch it as you wish but I stopped nearly immediately. My call sign is TheFinnmacool.

Anyway I saw a post on the board and felt compelled, nay, obligated to write the following message back. She posted something to the affect of, "If video is true" and, "knew it was coming", and "that's why I don't own any shares".

Here's my response:

This most certainly is not true because shareholders would raise holy hell and you can be assured that the United States would not seize mines and they certainly would not close them if they were going to back the currency with silver and gold.

If the currency is backed by silver and gold they would need more of it to expand the money supply, not less. They would need more to accommodate an expanding economy. They would do what they needed to, to get it.

This is from a report by Casey Research about Uranium. The US did this to acquire uranium for the arms race against Russia and the desire to build nuclear weapons: "The first uranium bull market was fueled by the incentive program the US government implemented through the Atomic Energy Commission (AEC) in 1946. The AEC guaranteed a minimum price for uranium to increase the domestic uranium supply available. It raised the price of uranium to reflect its current need, which sent explorers and prospectors into a uranium frenzy."

So to wrap it up, if we go back to a gold standard a few things would happen:

1) The Treasury or Federal Reserve would raise the price of gold or at least guarantee the price of it. Then they would buy it.
2) The Gov would relax the regulations on mines and increase the speed of issuance of permits.
3) Gold mines would start producing gold faster.
4) People who own mining shares would become rich.
5) The government would likely apply a windfall tax to those newly rich but the newly rich won't mind too much cuz their rich.
6) People who don't own mining shares because they were too afraid to buy them because they listened to hucksters who have to deliver "something" to his large # of subscribers will lament their never ending poverty because they don't make their own decisions and verify claims such as these.

I also reject the claims of anyone saying the government will confiscate the mines and people's holdings of silver and gold for a host of reasons. If you must know message me and I'll whip something up.

The end.

"THE" video:

Hillary Supporters - Corrupt, Ignorant & Entitled

This man needs our support.

A Harvard MBA Guy Is Out to Bring Down the Clintons

There’s a new Markopolos in town with that same brand of leave-no-stone-unturned tenacity and he has his sights set on the charity operations of Hillary and Bill Clinton, known as the Clinton Foundation and its myriad tentacles. Ortel’s actions come just as Hillary Clinton makes her final sprint for the Democratic nomination for President of the United States with Bill in tow as her economic czar. Like Markopolos, Charles Ortel does not mince words.

Wednesday, May 18, 2016

Fed Meeting - More of the Same

Are you sufficiently scared? Will you stay away from the metals now (please).

Remember that the options for the June gold contract expire next week, the 25th. Just keep that in mind when you see these games being played.

You know the market is a strange place. What do we see today with the Fed threatening to raise rates in June? Dollar up, bullion down, markets whipsaw.

Apparently no one remembers what happened after the Fed hike in December.... Bullion turned up, the dollar down and the markets tanked. Oh the folly of short term memories. Having no critical thinking skills makes these traders no better than Pavlov's dogs.

The US$ - Plunge Imminent?

Hubert Moolman has come out with a fascinating chart of the dollar.

Here's a link to the article, here.

Is a dollar fall imminent, as in today or very soon? Remember, the Fed meeting minutes come out at 2:00 today.

Tuesday, May 17, 2016

Re-post-The Age of Impunity

The law doesn't work, I doubt public shaming will work. Where does that leave us? Where's "V" when you need him? Is the only solution to let the system break and watch millions upon millions suffer and potentially die? Apparently so because collectively, people are choosing to ignore this. How do I know? Look what people wear, drive and carry around with them. Just shoveling their paychecks into these people's (pockets).

The fraud and corruption in America today will be a stain on this country for a thousand years. Not that the likes of these people care if America even survives the coming deluge. Perhaps the Russians can comfort us?

Kudos to the Boston Globe and Jeffrey for publishing this:

(click link to read full article)

The age of impunity

 By Jeffrey D. Sachs 

The Panama Papers opened yet another window on the global system of financial corruption, showing how political leaders and businesses use shell companies in secrecy havens like the British Virgin Islands and many US states to evade taxes and hide corruption and other crimes. Yet the system of corruption depends on another factor beyond secrecy, one that is perhaps even more important: impunity. Impunity means that the rich and powerful escape from punishment even when their malfeasance is in full view.

Monday, May 16, 2016

Gold Beat Down SMACKS of Desperation

This is getting laughable at this point. Rather than be discouraged by this price action, you should know that "someone" is getting desperate. Will this even last the day??

This price action reminds me of this song:

The BIS strikes again?

Wednesday, May 11, 2016

Karl Rove - Reflections on Reality and Douchery

There's an interesting thing about reality that the Neo-CONS are figuring out. Though you think you control reality, the reality is that reality controls you. Sure, in the short term you can control perceptions about certain events but eventually the world will deal with you.

Let's reflect on one of the most idiotic, arrogant statements made in the last 100 years; that of Karl Rove. I only bring this up because of a comment made by Rob Kirby in a fantastic interview I watched last night where he states that the powers that be are losing control of the "narrative". How do we know? Simply look at the ratings of certain financial TV shows and the sales of established newspaper and magazine publications. People aren't buying the bullshit like they used to.

Here's Karl in his arrogance:

We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality — judiciously, as you will — we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.”

We'll see how this plays out for Karl in the future.

 "You can ignore reality, but you cannot ignore the consequences of ignoring reality."

Ayn Rand 

Monday, May 9, 2016

BullionStar Infographic

London Gold Market – An infographic hosted at

To embed this infographic on your site, copy and past the code below

Wednesday, May 4, 2016

Druckenmiller Speaks

From the Hedge:

Druckenmiller ends with saying that gold is his biggest currency allocation. As you might have guessed, he's bearish stocks.

The former Duquesne hedge fund manager also agreed that negative rates are "absurd", said that he is bearish stocks, and concluded by revealing what his biggest currency allocation is.


Tuesday, May 3, 2016

Ted Cruz-Jump Off A Bridge

Wow, Ted has figured out how Americans feel about every single politician alive. Ted, screw you royally. We've been LIVING this for years you little bitch!

Ted Cruz Explodes In Epic Anti-Trump Rant: "He Is Utterly Amoral, Narcissist, Philandering, Pathological Liar"

 "I’m going to do something I haven’t done the entire campaign. I’m going to tell you what I really think of Donald Trump. This man is a pathological liar. He doesn't know the difference between truth and lies. He lies practically every word that comes out of his mouth. And in a pattern that I think is straight out of a psychology text book, his response is to accuse everybody else of lying."

Monday, May 2, 2016

Strange Things Afoot With the Dollar

Whither to dollar? And strange behavior in silver and gold. The cap is on. Will TPTB be successful in capping the price.

Obviously $1300 in gold and $18 in silver is a new battle ground.

Edit: I'm going to make a guess that we see more action to the downside after 1:25 today (COMEX close).

Something strange is happening. Or it's just me.

Sunday, May 1, 2016

Chart Update on Mining Stocks

Let's revisit the stocks I had posted earlier in February and see how they're doing. Would you believe me if I said we were early in this bull market? Very, very early.

Dollar Breaks 93, How Low Will It Go?