Newmont
Here is what might happen Monday…Newmont shows down 2 cents on close.Up 38 cents after hours..hmmmm
It woulden’t
surprise me to see Volcker endorse Gold as a means to employ some discipline in the Current Bank environment , after all it is he that is advising Obama
on reform in Banking. He just dosen’t want to outright endorse it publicly ,that would cause its own type of instability. I think he knows the current scene is not the same as Jimmy Carter faced and requires a different solution. Deficit spending not yet the problem and the economy is in a DEPRESSION state unemployment is far higher than Carter had. There is no visable way to increase jobs at this juncture ,and that is the ONLY way out of this mess…until then ..Stability is forfront on his mind rather than chaos …Gold may provide that stability as a last resort.The politicians and Bankers have tried everything else and now its time for the FALL BACK to the tried and True stability discipline of Gold. Different times and crimes require different solutions. Gold has to be part of this solution albeit not the whole solution. I think Volcker knows that and needs to apply the decipline in a very quiet way piece by piece…..and turn a DEAF ear to the Banks .
aggie
Steers Steers I need Steers….Nice fat lumbering Steers…”Steers Are US” a product of Belize..
inspected by Goldrunner and Israeli Inc. An International Licensed Meat Certification company…
For information call Bertha at 501-667-0480…For further information call Burpa at 501-667-0481..for a Date call Belcha 800-I love Goldtent
Sckpak……….Steve, if I were you………
I would take both Israeli and old snake oil up on their offers to help. I know you like to do things yourself, but 3 heads are always better than one; and these two have the experience behind them. In fact, one or both might have cures at their fingertips that they have experience with. Only my opinion as always…………………..
aggie @ 16:24 pm.
I should have known what The Entreprenneur of the Year was up to.
JBI
JBI…..
Wanka is working OVERTIME at Lamposts-R-Us. hahaha!
All the best.——-aggie.
Irish @ 16:03 pm.
Absolutely.
Thanks for the reminder.
5:00 PM EDT.
Sneak clip preview:
www.youtube.com/watch_popup?v=0e_OFwtJMRY
JBI
PS - Aggie, most of it can be verified, from what I understand. Hopefully a few dozen more will pull their heads out of the sand. Cheers to ya, friend!
Irish….
Thanks for the reminder about Beck……I saw a preview of the show yesterday and it looked worth watching. A warning for those who think total tyranny can’t return.
All the best.——–aggie.
Irish @ 16:12 pm
maybe had something to do with the security warning in the UK - OR - it could be that some pm’s are getting to the over sold level. I sold my GDX puts shortly after the open this morning because I was looking for a bounce - we got one for a while but I sure hope that was not the bounce I was looking for because it did not last. We shall see what next week brings us.
As CNBC gives full press on the insane idea of a Bernanke non-confirmation
Consider this as just one example of how either stupid or disingenuous Ben Benanke was and more than likely, remains.
Fannie Mae, Freddie Mac Not in Danger of Failure, Bernanke Says
Wednesday, July 16, 2008
WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in “no danger of failing.”
The Fed chief made his remarks to the House Financial Services Committee, his second day on Capitol Hill where he briefed lawmakers on the problems plaguing the economy.
Bernanke appeared amid a backdrop of fading confidence in the U.S. financial system
Headlines from you know where……
BANK BUSTER: President calls for biggest regulatory overhaul since 1930s…
Bloomberg rips; Warns of more lay offs in city…
SPLIT: Geithner has concerns over proposed limits…
Senate Dems Not Sure Enough Votes to Reconfirm Bernanke…
Dow Suffers Worst Week SInce Last Month…
Obama seen as anti-business by 77% of investors…
Europe welcomes bank plan, won’t imitate it…
~ ~ ~ ~
Where’s WANKA, anyway?
Is he at it with those ducks again?
JBI
PS - TGIF!
Winedoc
Haaa a fake bull trap …I even lik that one…..Hey! we are supposed be conserving money here…tell Dad to get 6 litres of Boones Farm for only 6 bucks,eh?
How does the Supreme Court (out of left field reasoning)
reconcile their decision with the fact that the Founding Fathers NEVER gave Corporations the Right to Lobby !
It was intended for individuals ! If they wanted Gubberment by Corporation,they would have said so !
It reminds me of Henry Kissengers stupid remark that “Praise was the absence of criticism”,its that same left handed, far fetched, out of left field logic !
Just because they didn’t specifically prohibit it,dosen’t mean they endorsed it !
In a similar vein I had a friend whose wife onetime worked for the British Embassy in Iran.One day while in a taxi she was involved in an accident ..the crazy Iranian driver blamed her..because if it wern’t for her he wouldent have been there !
If this is the reasoning of learned men in the Law ,the Founding Fathers are Spinning in their Graves and we are in deep S–t.
florida
And there was a late rash of heavy buying right at the close…hmmmm Richard do some snoopin ….
Irish 15:57 “fake bull trap”
I like that “a fake bull trap”……
Someways I’m just stupid…..and apparently I don’t listen that well. So…….
I bought today, and don’t feel trapped or fake trapped.
Went to my local Scotiabank today and asked to buy some US dollars. All my branch had was 30 - One dollar bills…..whats up with that?
Mom and Dad are in Honolulu and loving it…….
Dad says a 5 litre box of chardonney is $12 bucks, so he’s happy
Another Friend and patient of mine goes to Belize every winter to bring back silver jewelry which she makes mostly down there and sell locally
Mrs Winedoc wants me to cook her supper
Gotta go
Keep well, friend
Winedoc
Ferret it has more to do with the REPO market
if Primary Dealers cannot partake profitably, then rates go up. That’s my opinion.
well,
a small consolation, HUI and GDX finished green on the day!
Obama backing Bernanke
provides cover for Bernanke to resign gracefully, so as to not embarrass the President.
jbi
Hmmmm interesting….UK on alert….
By the way watch Glenn Beck at 4 central time..he has something big coming on today….
? ? ? ? ? ?
3:58 PM - U.K. raises terrorism threat level to “severe”
….per MarketWatch
~ ~ ~ ~
JBI
ferret….
Good question….A return to Volker? That’s what is needed….but I don’t think the US has the guts to face the consequences….Hangin’ on to some gold.
All the best.——-aggie.
Richard
Take a step back on this Bull Trap idea….take some moments over weekend to snoop around for details..I think it was a fake bull trap myself…watch Sunday night…something smells wrong about it being what it appeared to be…
The bonds are pretty twitchy on what
should be a strong, flight-to-safety day for them. Possibly due to the Bennie confirmation issue? Is this the prelude to the return of Volcker? What would that do to the markets? We know what it would do to the POG. Maybe that is what is weighing on the POG too.