I have always held poland in the highest regard, no idea why any one would move…..

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to remain minus more that a 100 pts for very long…?

Whatch ‘em take SPY back to 114.00 for the close…..81 000 puts in the money here

finance.yahoo.com/q/os?s=spy

and the HUI refuses to go down any further-I think that if the world goes into another meltdown, big money will not throw their gold holdings down the crapper like in 2008…

HUI At 2:53PM ET: 436.52 -12.32 2.74%

US Silver Corp USSIF:OTC

.188 +.0050 2.73%
337,100 vol. Last Trade as of 2:40 PM ET 1/15/10

Re Algo’s

My guess is they get turned down/off on experation day….after all it’s the house money at risk tdy.

………..because that would take 5 minutes of research which is beyond the ability of most main stream financial writers:

A post I copied from the ECU forum.

http://www.moneycontrol.com/news/commodities/gold-silver-markets-seen-much-harder-target-for-cftc_435982.html

Gold, silver markets seen much harder target for CFTC

Published on Fri, Jan 15, 2010 at 14:34 | Updated at Fri, Jan 15, 2010 at 14:56 | Source : Reuters

US Futures regulators set their sights on precious metals markets on Thursday after unveiling plans to limit positions in energy contracts, but gold and silver trading will be harder to control.

Commodity Futures Trading Commission Chairman Gary Gensler said the CFTC will discuss possible position limits on gold and silver contracts at a March meeting. The CFTC, the top US futures market regulator, on Thursday unveiled proposals to limit trading of energy contracts.

But unlike US crude oil and gas futures — which are in effect benchmarks for global prices — COMEX precious metals contracts are a small part of gold and silver trade. The CFTC is powerless to control the large physical market overseas that dominates overall trade.
Traders expressed surprise at the CFTC’s move to look at gold and silver trading given the relative lack of public outcry compared to energy markets. Still, most agreed precious metals markets had little to fret about.

“Precious metals are huge international markets because there are a lot more trading outside of the US, particularly in the physical market,” said Bill O’Neill, partner of New Jersey-based LOGIC Advisors. “I really don’t think it will have that much of an impact.”

Trading volume of the US futures market was relatively small compared to volume of over-the-counter physical bullion in Europe and Asia, analysts said.

However, COMEX futures turnover recently surpassed the volume of the London bullion market. In November, COMEX daily volume averaged 21.7 million ounces, slightly above the 21.5 million ounces cleared by London OTC bullion dealers.

The impact, if any, would simply be to erode COMEX’s role in a market already facing increased competition from Chinese and Indian exchanges, plus easy-to-access exchange traded funds (ETFs) that buy and store physical bullion or silver to reflect investment into the listed security.

“These moves may ultimately lessen participation (in futures), lower liquidity and could push particularly more metals volume out of the US,” he said.

KNEE-JERK BUYING

Far from fearing a cap on holdings that could force speculators to sell out of positions, gold traders bid prices slightly higher on Thursday, a move some analysts blamed on a knee-jerk response to buy and store more of the physical asset.

US February futures ended up USD 6.20 at USD 1,143 an ounce on Thursday. “The initial impact would be for investors to add to positions because they would be concerned that they might not be able to add positions later on,” said George Gero, Vice President at RBC Capital Markets Global Futures in New York.

But Gero said the long-term price effect would be minimal. “The metals are internationally priced and they are highly liquid, and certainly, the supply of metals is very large,” Gero said.

Martin Murenbeeld, Chief Economist at DundeeWealth in Vancouver, said public scrutiny of gold and silver trading was minor compared to oil and energy markets, which can have an oversized impact on the global economy.

“My guess is that the CFTC is reviewing every commodity that is traded, much like screening on the airplane. It wants to be politically correct,” said Murenbeeld, who is also an adjunct professor at the University of Victoria.

Murenbeeld said wealthy investors who want to circumvent gold and silver position limits could use other products like the exchange traded funds, which back each security issued with physical stocks of a given commodity.

“Position limits will not be meaningful because you won’t have the limits in London, Zurich, Singapore and other major physical gold markets,” Gero said.

To the Three amigos…

Scruffy commented, don’t be concerned about the small stuff. I would suggest that his insight was both very accurate and warranted. On this point I am certain. In the big walking world, we are very small and truly insufficiently powered to change anything, today.

Hopefully, we are enjoying “the small time related walk” while here.

In regards, to intelligence, human demonstrated brotherhood and insight, well my friends….the past historical events has written that portal, so to say.

In conclusion, I am humbled….not by you three Remarkable intellects….just humbled….smile

is petering out? I do…I think its on its last legs–today gold is down but seems reluctant to realy go belly up-like down $20-$40 bucks–that used to happen when the long gold tech funds’ robots would kick in…

“The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the presidency. It will be easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails us. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.”       — Author Unknown

news.goldseek.com/GoldSeek/1263539280.php

So what have we done to “fix” our problems - clearly we have handed the inmates the keys to the asylum, giving the SAME idiots who wrecked the economy the first time $700Bn in bailout money and, just yesterday, the Fed announced that they have given them an additional $1,137,000,000,000 since last January after giving them anoher $14Bn just yesterday in exchange for their possible worthless MBS paper. That’s right, the Fed gave GS and company $1.1Tn in cash to play with in exchange for $1.1Tn worth of mortgages they were stuck with AT FACE VALUE. No wonder these guys are making record profits and taking record bonuses - they were given $2Bn in taxpayer money to play with. As I mentioned yesterday, they repaid our kindness by doubling the price of commodities in 2009, costing US taxpeyers alone over $400Bn and costing global consumers over $2Tn of their “disposable” income. Isn’t that great?!?
seekingalpha.com/article/182761-options-expiration-day-promises-a-wild-ride

 Just seems like the reality is that the HUI will follow the broad market even though the metals seem to be kinda holding up. Nothing ever seems to change with these stocks.

stockcharts.com/h-sc/ui?s=&p=D&b=5&g=0&id=p85025407672

 but IYR will just not die.

Hecla forecasts 10m-11m ounces 2010 silver production

With record production, strong metals prices and repayment of all debt, Hecla Mining CEO Phil Baker considers 2009 to be “an exceptional year”.

Author: Dorothy Kosich
Posted:  Friday , 15 Jan 2010
RENO, NV -

Hecla Mining Company Thursday said it achieved record silver production of 10.9 million ounces in 2009, a 26% increase on its 2008 number.

The company forecasts 10 million to 11 million ounces of silver production this year. If metals prices remain at their current levels, Hecla expects cash costs this year to be below $2 per ounce of silver produced.

Production records were also established for lead with 44,000 tons and 80,000 tons of zinc produced in 2009.

In a statement, Hecla Mining CEO Phil Baker said, “2009 was an exceptional year for Hecla with the record quantities of metal produced, increased silver production for the third consecutive year and a cash cost of less than $2.00 per ounce.”

“With the cash generated, we were able to repay our [$38.3 million] debt and still have more than $100 million of cash,” he said.

“We expect 2010 to be just as strong with similar production and cash costs. So between the cash on hand, our credit facility and the cash flow we will generate in 2010 and beyond,” Baker added. “Hecla is well positioned for growth.”

end

mineweb

 a few days ago and the scientists said satellites had found a hole in earths magnetic field that was much larger than they had previously thought. Their concern was the solar flare activity and disruptions with the sun. They said the magnetic field protected us from the sun’s disruptions. They felt that the biggest threat this posed was to the power grids by 2012. However, this was an easy fix, all they had to do was place resistors? at the power grid sites. They said the governments were fully aware of the threat but had done nothing. Figures.

 BTW - volume is up in the markets today, not a real good sign. Especially considering how good the earnings were on INTC and JPM.

is CDNX going up or is the HUI just continuing to look uglier against gold?

Juniors starting to outperform ?

stockcharts.com/h-sc/ui?s=:&p=W&yr=2&mn=0&dy=0&id=p09892203520

Looks like it wants to close that weird Gap from Sunday nite’s open

Hmmmm…. I don’t have such a bleak view of the future as you do.  IMO we won’t get to the point where the PTB are forcing us to use electronic money or chipping people.  I think the eoconomy is going to blow up and that the remedies are such that the PTB will lose much of their power.  For instance if the value of the currency is declining to a fantastic degree which is likely, then who is going to trust or allow their money to be digital.  The money in circulation is more likely to be metals based.

The internet taxation you mentioned… I don’t think people would stand for it.  JMO

Cheers, ipso

Hi Buddy.

In my working life I worked as an engineer on teams that build satellites. There is a bunch of weird data that you come across trying to design the Space Vehicles. A few those have to do with the earth’s magnet field, the solar wind (much greater effect than the earth’s mag field), etc.  WE even have to account for the effect on the SV position, based on the release of heat in the from of infrared radiation from the SV as it moves into earth’s eclipse and the effects of light reflected off the earth.
Your head gets filled with some of the strangest minutia.

With “Big Brother” in charge, I can see internet activity dropping off to next to nothing by 2012. All “they” have to do is impose a world wide tax on all emails…. say $.50 per email sent….. and then they will impose a tax on every site you access…. say $.10 per access…. and presto… internet activity will drop as suggested. I’d say this is a “natural”, and most likely going to happen along with the one world government and one world currency. Since the currency will be digital and there will no longer be paper money, there will be nothing that can be done to prevent it. the deductions will be constantly made, just like with the debit cards which will also no longer exist. Very scary future if we don’t take a stand to prevent it. Chip anyone???

LOL, guess the book I read was published a gazillion years ago.  Thanks for the current news.  Now at least I won’t have to worry about the cell phone dying when the asteroid hits.