You shall not bear false witness - towards this end, I have deleted a few posts. Who am I to presume. BobbyC may find the missing Rockefeller posts of interest.

PS - Most will be damned by the false witness clause (;-)

1) I am the LORD your God, you shall have no other gods before me.

2) You shall not take the Name of the LORD your God in vain.

3) Keep holy the Sabbath day.

4) Honor your father and your mother.

5) You shall not kill.

6) You shall not commit adultery.

7) You shall not steal.

8 You shall not bear false witness.

9) You shall not covet your neighbor’s wife.

10) You shall not covet your neighbor’s goods.

www.dynaconverter.com     pays 40 to 90 $ per unit,  200 for mercedes.  pictures of cutaway on web site. I am going to try to harvest core from one i have. a side note :– continual handling of the cores is toxic  ( that being said,     changing the oil in your car and letting it drip all over your arms is also ‘toxic”—- baaaad oil !!!!)

Price Might Be Soaring, but Jewelers Think Popularity of Gold Will Not Suffer
2008-02-19
The News-Herald

By Michael C. Butz, The News-Herald, Willoughby, Ohio

Feb. 19–This time of year, leprechauns have a lot on their minds in preparation for St. Patrick’s Day.

One thing they don’t have to worry about, however, is the value of the pots o’ gold they keep at the end of the rainbow, because as of late, the market price for the precious metal is higher than it’s ever been.

Though stock markets were closed Monday for Presidents Day, the market for gold was open, and it finished at a king’s ransom of $906.10 per ounce.

That’s a noticeable jump from where the price for gold was just six months ago, when it sold for around $650 per ounce. Even just 60 days ago, it was only around $790. Going back 10 years, the price of gold was around $300 per ounce, not adjusted for inflation.

But when most people — or leprechauns, for that matter — think about gold, they don’t think of market prices. They think about gifts for special occasions such as anniversaries, birthdays or Valentine’s Day.

So, what does all of this mean for someone walking into a jewelry store? Right now, not much, according to two local jewelers.

Ernie Logothetides, general manager at IMG Jewelers in Lyndhurst, said most of the items on his shelves now are unaffected by today’s gold prices.

“We bought it when gold was less than the $900 [per ounce] price it’s at now,” said Logothetides, whose store is at 5470 Mayfield Road.

Flip the page on the calendar, however, and it may be a different story.

“As we replace inventory, the new items that we purchase will come in higher than we’re accustomed to,” Logothetides said. “If I sell a piece and I want to get a similar item back in inventory, it will cost more.”

Steve Kozlowski, owner of Sands Co. Jewelers in Richmond Heights, agreed.

“Two months from now, yeah, I’m going to have to replace those goods,” said Kozlowski, whose store is located at 26000 Chardon Road. “Back when I bought ‘Piece X’ a number of months ago, I bought it at $550 [per ounce], so I don’t go around re-raising our prices.”

Kozlowski explains the jump in price is due to a simple case of supply and demand.

“Demand is high, supply is low, and the demand is being driven by the need for white gold,” he said. “White gold over the past seven or eight years is outselling yellow gold.”

White gold is an alloy of a white metal, such as nickel, and yellow gold, usually used to make a piece of jewelry stronger.

To that point, Kozlowski said the recent market price increases have helped his sales.

“In general, we’re surprised to find we’re selling more than we ever have,” he said. “I think the status of gold is becoming recognized again as a valuable commodity.

www.marketoracle.co.uk/index.php?name=News&file=article&sid=3753

How High Can Gold Go Before Peaking - Gold Dow Jones Ratio Important Indicator

Commodities / Gold & Silver Feb 19, 2008 - 01:45 PM

By: Dr_Krassimir_Petrov

 How about $10,000? or $1,000? Or even $100,000? - Calls for the price of gold vary, anywhere from $1,000 to $10,000 or even to $100,000. There is one true fundamental problem with all calls for the price of gold – they all ignore the future inflation environment.

For example, if a genuine Great-Depression-like deflation grips the U.S. economy, then $1,500 for the top of the gold bull market might be too high. On the other hand, if a long 1970 stagflation is in the cards, then $5,000 is too low. The point is that a call for the price of gold without a clear assumption for the macroeconomic environment is a wild and misleading shot in the dark.

Curiously, once gold shot up to $850, gold analysts did not waste time to update higher their long-term projections for the price of gold. My feeling based on a dozen authors is that the new consensus range for the top is in the $2,000-3,000. I beg to disagree. Their math is simple, but poor. Let me explain.

They say that gold peaked at $850 in 1980; I agree. They say that CPI is up about three times or money supply is up about four times since then; I also agree. It then follows that gold has the potential to peak in the 2,000-3,000 range; now I disagree . Here is one simple reason. We might say that this range is fair if this were the price of gold today . However, it might take four to five years to get there. The trick is that in these four or five years, price inflation and money supply may rise by another 50-100%, so by then the target moves higher, say to the $4,000-5,000 range. Then you need another 2-3-4 years to reach the target. The problem is that the target is moving; it moves approximately with the rate of inflation.

The advantage of the above approach is its simplicity and intuitiveness. However, it has obvious disadvantages. First, the target is a moving variable with unknown speed. Second, it ignores the macroeconomic environment. Clearly, deflation, stagflation, or strong inflation in coming years will make a world of difference for the target price of gold. Finally, it ignores basic market sentiment indicators like fear and greed.

Actually, a radically different approach provides a much better and much simpler answer. It also avoids the pitfalls of the previous approach. Most importantly, it tells us when the bull market is over. Thus, it tells us when to sell. It is based on the fundamental premise that in the long run, there must be a balance between the relative prices of financial assets and real assets. Roughly speaking, stocks and bonds are examples of financial assets, while commodities and real estate are real assets.

During the decades, the relative prices of real and financial assets swing wildly away from their well-established century-old mean. They inevitably revert to it, and then swing to the opposite extreme. A well-established proxy for the price of financial assets is the Dow Jones Index. The single best proxy for commodities is gold. Their price ratio, the Dow-Gold ratio, tells us how many ounces of gold buy one unit of Dow Jones. If today the Dow is 13,600 and gold is $800, the gold-Dow ratio is 17. Thus, it takes today 17 ounces of gold to buy one unit of the Dow Index.

History tells us is that secular bull markets for stocks can push this ratio high up in the range of 20-50. Look at the chart below. During the last century, there were three such secular (long-term) peaks, in 1932, 1966, and 2000. You can see the three peaks in the 20-50 range.

On the other hand, secular stock bear markets usually coincide with secular gold bull markets. At the secular peak for gold, the Gold-Dow ratio is in the range of 1-2. As you can see on the chart, 1900 recorded a low of 1.7; 1929 recorded a low of two; 1980 recorded a low of about one. This means that when the gold bull market peaks, the price of gold will roughly equal the Dow Jones Index (DJI). Thus, we should expect that gold outperform the DJI in the coming 10-15 years about 10-20 times, in order to bring that Dow-Gold Ratio down to the range of 1-2.

So, how high will gold go? The correct answer is simple: as high as Dow Jones. It is important to understand that this method does not tell us now the end of the bull market. It could be five, ten, or fifteen years from now. It also does not tell us how high. It could be $2,000, or $10,000, or $50,000. But the important point is that it tells us when we are there and inherently keeps track of the macroeconomic environment.

Which is the most likely price target will depend on how Fed will fight inflation. Based on the Fed’s reaction, there are three possible future scenarios: (1) deflation, (2) stagflation, and (3) strong inflation. Let us consider each in turn.

The first scenario , deflation, implies a major contraction in the supply of money and credit, similar to the one during the Great Depression. Consumer and commodity prices would fall rapidly; the stock market and real estate market would collapse. Back then, stock prices and real estate fell roughly 10 times and gold rose only a little. If this scenario were to play out, then a reasonable forecast for the Dow will be about $1,000-1,500, while the gold price will be likely in the range of $800-1,500. This scenario is highly unlikely as the Fed will fight tooth and nail to prevent a deflation from taking hold.

The second scenario , stagflation, is most likely. It should look similar to the 1970s. Back then, the Dow made its peak in 1966. It made little progress for about 15 years, so that in 1980 it was just about where it was in 1966, roughly around 1,000. Gold, on the other hand, rose from a low of $35 all the way to $850. This means that strong inflation during the period kept the Dow from falling, so it did not fall as it did during the Great Depression. On the other hand, inflation powered the price of gold about 25-fold. In this scenario, we should expect the Dow to remain range-bound in the 10,000-15,000 range. Then, a gold forecast of 10,000 is perfectly realistic.

The third scenario , very strong inflation, is definitely possible, although less likely than stagflation. This would mean a typical, commonly-observed inflation of a third-world country, may be 15-25% annually. This kind of inflation could easily power the Dow may be 3-4 times in the coming decade, may be all the way to $30,000-50,000. This could mean a $20 for a loaf of bread or a gallon of gasoline. This would imply a gold price in the range of 20,000-50,000. It is possible, even probable, but in my opinion, not very realistic.

To summarize, I believe that both deflation and very strong inflation are not very likely. The likely outcome will be stagflation. Then a $10,000 price of gold is consistent with this view. This is my price target for 2015-2020. My advice is simple – stay with gold and you will be fine in the long run.

Krassimir Petrov ( Krassimir_Petrov@hotmail.com ) has received his Ph. D. in economics from the Ohio State University and currently teaches Macroeconomics, International Finance, and Econometrics at the American University in Bulgaria. He is looking for a career in Dubai or the U. A. E.

Dr Krassimir Petrov Archive

I’m sure that you’re right that there must be many companies salivating over the prospects of doing business in Cuba, and that you Cannuckians have the inside track since you’re already there.  <g>  For American companies there is a little stumbling block named Raul Castro who has been prepped to take over and I don’t see him abandoning the present policys in a hasty fashion.  I hope that we (Americans) come to our senses and lift the embargo even if Cuba keeps it’s communist government but that may be years away.

Cheers, ipso

here’s a few snips from a Rhodium article I posted a few days ago:

It is not at all clear how much rhodium is recovered through the recycling of catalytic converter scrap, because most of this recycling is done in the South African primary electric arc furnace smelters where crushed substrate material from the U.S., Europe and Japan is utilized as an auxiliary feed supposedly not only for its PGM content but also for its ability to form a fluid slag in the processes used.

The amounts of PGMs either individually or together recovered from scrap are not normally broken out by the smelters for reasons of competitive advantage and to maintain the general aura of great secrecy used in the PGM world principally to control information on the exact supply and therefore the price.

To the best of my knowledge only one American OEM automotive assembler, General Motors [NYSE:GM], currently maintains a full laboratory staff for determining the optimum ‘loading’ of its own emission control catalytic converters.

The (un)amazing result is that today GM catalytic converters use less PGMs by far than those of any other competitor, because GM alone has a fully staffed laboratory and a quarter century of continuity in designing the loading of catalytic converters. Everyone else overloads, purposefully they say, to insure compliance and avoid the dreaded “R” word, recall, for emissions problems.

Toyota [NYSE:TM], for example, which has spent a fortune building its green image uses 1.5 grams of rhodium in a typical catalytic converter servicing its V6 engines on cars sold in the U.S. In the same situation of engine size and weight GM uses a maximum of 0.5 grams of rhodium.

You might think from just the information above that if the rhodium price is not climbing due to being synchronized to the platinum price then perhaps Toyota is in the market to correct a shortfall due, maybe, to increased sales of large cars which were not predicted.

I think that the above explanation may be on the right track but it is the wrong train of which we are speaking.

The Ford Motor Company [NYSE:F] has an absolutely abysmal record of losing money due to the inept sourcing of PGMs. Remember that it was Ford in 2001, which entered into a ‘take-or-pay’ contract for palladium, guaranteeing to pay for the metal in a price range in which the lowest purchase price was $500 an ounce and the highest was $1,000 an ounce. This contract was entered into in the spring of 2001 when palladium hit an all time high of $1,100 an ounce purely due to market manipulation and speculation by producers and funds. In 2003-4 Ford took a write down of one billion dollars to cover its losses incurred by having to utilize $1,000 per ounce palladium when the market was $250 per ounce.

Even as that fiasco was peaking Ford had already begun to outdistance the industry in the amount of PGMs it used in each catalytic converter. The 2004 Lincoln Navigator used, at 2004 prices, more than $1,400 worth of PGMs. Even today, in January 2008, a scrap catalytic converter from a 2004 Lincoln Navigator has a street (first sale from the actual collector of the item) of $750!

No help tonight on the cat converters. But interested to see the response you may get. Have a friend that owns a couple brake/muffler shops…..and beginning to wonder what his ‘recycle’ plans, if any, are at this time. ??

By the way, you have been posting some great writings/thoughts the past week or two. Least from the ones I have been able to read. Interesting times we/America is passing through. My mind continues to dwell on the fact that Ron Paul received (a rough figure here), about 3-5 percent of the vote in recent months. Still pondering, wondering, I figure about the same percentage of Americans own any Precious. Still think, even more so these days, that 3-5 percent of Americans know much about our Country’s history, or about the ‘Creature’. Still think, 95-97 Percent of Americans….have not a clue. And now beginning to comprehend, its not so much for lack of information….(internet for one), as it is a ‘choice’ to remain blind, dumb, and ‘happy’. Figure that general concept applies equally well, to not only Freedom, but trust in government, modern medicine,(not all bad…but think we over rely on pharma pills…), to understanding the difference between paper promises, and items of true, lasting, value. Think, perhaps, as I see it, this Country as leaned towards, come to depend upon, things of Socialist Value….way too much. Think, that the ‘Matrix’ is alive and well, and the ‘Illusion’ has been bought line and sinker by far too many.

Anyways, hope the healing of the knees is going well. Hope, you are able to write a little more, share more of your thoughts.

Best, Farmboy (who has learned to have more patience, understanding of late. Learned, that an open mind, open eyes….is not always an easy thing.)

Several nights I have read your posts past few weeks and by the time I get around to posting, you have hit the rack. Much better than old days when you were up all night. I have nothing really to say..just wanted  to let you know I think of you often and hope you are doing well. We will probably meet up from what I hear before too long in a warmer climate. Best to you on your journey-Sinbad

..I certainly am following TME….they have this Noront Play property…they have a Great Gold Property….they have a great silver property soon to be producing……they even have Diamond properties……all round explorer …..lean and mean…with nothing but potential…..and the kicker……ALL in Ontario….THE most mining friendly Province in THE most mining friendly Country……..

…….I met Ian Campbell..the CEO of TME recently….He asked for the meeting when he heard of the Tent…and how we move stocks….hehe..

……By an amazing coincidence he was just on his way to a gold confrence in Munich…hosted by our own frr….are you out there Florian?…anyhow after I met him I bought a bunch more….I like the versitility and the Location…should be a good one when the hot money arrives

…I had heard of his company thru my long standing broker..another real goldbug….

….anyhow I have only ever met 1 other Mining CEO….a guy named Robinson from Eastmain Resources (ER)…he is neighbour…so I bought some ER a few years ago..exciting Property in Quebec..another Mining Meca..it has been comatose for a long time …like most juniors….but last 3 days its up 30% on increasing volume…..with NO news……..this probably means a big strike in a hole or 2..and the locals are impressed…will see soon some nows…it will likely be halted first….sometimes the news is sold too….but …Let the GAMES BEGIN !

…BTW….these 2 guys really have great jobs….wow..they are Geologists who also must have a great financial background also……and a huge network of contacts…its a fascinating industry…and I wish them well….

….Oh ya..I just remembered…i know a Third CEO of a Mining Company……the COF himself (Chief Operating Flintstone)…Irish

thanks again Striker…..FGC

Anyone have the scoop on how to access actual information on cat.converter metals content (preferably by manufacurer), and how to mine the contents? I have a friend who has 3 junk yards-the kind out behind the house on the hills in KY. He asked me if we could make any money  (legally) by selling metal contents. There are over 6000 vehicles in which he owns the converters. Told him I had no clue, but knew some really smart guys who might have the answer. For obvious reasons, he does not want to contact salvage yards. Thugs are crawling through parking lots around here and stealing them…no need to let them know where a mine is.

Smokke: Hang in there. Prayers and thoughts with you as you fight the battle. HOpe you reconsider the ‘last post’ thing.

Hummaniod? Anyone hear from, have contact with him? Any news on how his war with the ‘Big C’ goes?

EQ: Thanks for the ‘Frozen in Time’ Video. Could not help but imagine if 50 of the Gold Tenters pulled a similar prank…each of us stopping, holding a Golden Eagle in our fingers…could not help but think how many folks passing by would connect with the Frozen in Time Wealth of the Ages? That ought to get a few folks thinking huh? Perhaps a couple, one holding a Gold Eagle, another lighting a dollar bill with a match, moments before the ‘Clock Stops’. Think the masses could conclude anything from such symbolism? Well….just a thought.

Mad Mike: Those Gold Bull Pics….enough to make a man reach down and rub his leg for sure. Elicited painful emotions they did. Somehow, could not help but feel for the man riding the horn. Somehow, think this will be played out in the future, with many millions of ‘investors’ experiencing similar pains. Oh, if they had only sought the saftey, and comfort of the Precious.

Comment of today’s Gold Action. Phew! In a word.
Could not help but think back not that many years….1999, 2000 perhaps….when the gold community got all whipped up, excited, euphoric even, on a two dolla rise in price. Can remember dem days….when a few brave souls predicted, 10…even 20 dollar swings in the gold price. Seems so long ago, far away, ….seemed like such a ‘dream’ at the time. Glad I am still around to see the Gold Train pick up speed. Seems, we are entering the days, when truth, and value, shall no longer be so easily denied, or paper overed.

Wanka….will be following your chlorine experiences…lol. Have yet to try it, …figure if you can handle, stand it….well maybe I will then belly up to the MMS bar, and knock back a few stiff ones. Have Clothspin at the ready….(grin) Just need to stockpile more TP/Greenbacks, and get the computer set up in the ‘Situation Room’, as it sounds like most folks spend a lot of time, ‘working things out’. LOL

Irish, hope you find a good charity to donate all those woolen clothes, gloves, ear muffs..etc.
Dont reckon you will have much use for a snow blower/shovel in your future? (grin)

Floridagold….you win the ‘Blue Ribbon’ Award for keeping these pages up to date with the latest developments…well, those worth hearing about. Mighty Fine Job! (And Thanks)

Just Buy It….Dittos to you as well. A great job you do, keeping that Golden Eagle front and center in our minds, and hearts. When you get a chance,….would like to request an oldie, but goodie…one of your 300 Day Moving Avg charts. Thanks,

To the rest of this bunch of Goldbuggers…and Buggerites….keep the lamp oil filled, the wood piles topped off, and hidden.

Best, and Keep On Keep’n On….Farmboy

In the catalytic converter, there are two different types of catalyst at work, a reduction catalyst and an oxidation catalyst. Both types consist of a ceramic structure coated with a metal catalyst, usually platinum, rhodium and/or palladium. The idea is to create a structure that exposes the maximum surface area of catalyst to the exhaust stream, while also minimizing the amount of catalyst required, as the materials are extremely expensive. Some of the newest converters have even started to use gold mixed with the more traditional catalysts. Gold is cheaper than the other materials and could increase oxidation, the chemical reaction that reduces pollutants, by up to 40 percent.
END

Gold is CHEAPER! and it works BETTER! Hmmm.
Respectfully,
Edward Ulysses Cate

Temex sets terms for East West earn in on claims near Noront Ni-Cu-PGE discovery

Tuesday February 19, 10:00 am ET

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

TORONTO, Feb. 19 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) (”Temex” or “the Company”) announces that it has entered into a binding letter of intent (”LOI”) with East West Resources Corporation (”East West”) whereby Temex has granted East West the option to acquire a 50% interest in 25 staked mining claims (the “Claims”) totaling 333 units (13,320 acres), in the general area of the Noront Resources Ltd. (”Noront”) recent Ni-Cu-PGE discovery. The Claims, which are located in the Sachigo Greenstone Belt in the James Bay Lowlands region of northern Ontario, are located south of the high grade Noront Eagle One nickel-copper-platinum-palladium discovery.                                                  Highlights :      <<  -  East West granted an option to earn 50% interest in claim group near        Noront Ni-Cu-PGE discovery     -  Airborne EM - Mag survey scheduled to begin     -  Temex total land position now increased to 7,000 mining units covering        280,000 acres; interests range from residual royalties to 100%        ownership     >>

The Claims cover features thought to represent geological environments similar to the geological environment near the Noront Ni-Cu-PGE discovery. It is believed that the recently acquired Claims have never been subjected to any previous exploration for Ni-Cu-PGE mineralization, and for the most part, the Claims have not been covered by a modern magnetic and electromagnetic geophysical survey. The initial exploration program will consist of a combination of airborne and ground geophysical surveying followed by diamond drill testing of any priority targets.In order to earn its undivided 50% interest in the claims East West shall, upon execution and delivery of a definitive Option and Joint Venture Agreement, make a cash payment of $100,000 and issue to Temex 250,000 common shares of East West, and complete an aggregate of $1,000,000 of exploration expenditures (the “Work Commitment”) over a three-year period. East West must also issue an additional 250,000 shares on the first anniversary of the agreement.

East West shall be entitled to extend for one year the time for completion of each milestone of the Work Commitment by notice to Temex if given prior to the applicable anniversary of signing. Each extension shall require East West to issue to Temex 250,000 common shares of East West.

During the earn-in period, East West may appoint Temex as its Agent to carry out the exploration programs and Temex would be entitled to charge an industry standard management fee. Upon East West earning its 50% interest in the Claims, Temex shall have 60 days from the date of exercise of the Option to elect either to form a 50:50 Joint Venture with East West for further exploration and development of the claims or to forego the Joint Venture and reduce its undivided 50% interest in the Claims to a 15% carried and non-assessable interest in the Claims to the date of commencement of commercial production from the Claims. Should Temex elect to form a joint venture, Temex shall be the operator and the Joint Venture shall be governed by a joint management committee. The terms of the transaction are subject to TSX Venture Exchange approval.

Temex now holds a direct interest in 7,000 mining claim units covering 280,000 acres in the immediate area and region of the Double Eagle discovery making Temex one of the largest landholders in the region. The claims subject to the LOI, located to the southwest of the Noront discovery, are owned 100% by Temex.

Ian Campbell, P. Geo., is the designated qualified person responsible for the preparation of this news release. Bruce Durham, Executive Chairman of Temex, also serves as a Director of East West. For further information on Temex please contact Ian Campbell or Bruce Durham, at 416-862-2246 or visit the Company’s website at www.temexcorp.com. Temex is a well-funded Canadian exploration company focused on advancing its precious metal, diamond, nickel and uranium projects in Manitoba and Ontario.

On behalf of the Board of Directors,

 "Ian Campbell"  	President and CEO

(x)The TSX Venture Exchange has not reviewed and

does not accept responsibility for the adequacy

or accuracy of this news release(x)

For further information

on Temex please contact Ian Campbell or Bruce Durham, at (416) 862-2246 or visit the Company’s website at www.temexcorp.com

Gold and silver are poised to soar, especially with new physical market demand entering the scene from a growing number of institutional money managers. Both physical markets are LEADING the shares, which have a ways to go to catch up. What continues to blow me away is the lack of oomph in the smaller gold/silver companies. Keep in mind many of the good ones, like an ECU Silver, are 8 standard deviations from where they would be in normal times. As a result, investors have the opportunity of a lifetime staring at them. Buying in at these levels is the biggest layup trade I have ever seen.

GATA BE IN IT TO WIN IT!

MIDAS