Loading ...Was pondering the poorformance of the financials last week and happened to take a gander at the performance of GM as well. Pretty darn ugly.
Is a GM problem the next financial shoe to drop?
Alot of shoes to pick from I guess. 
Time is more important than price; when time is up price will reverse.”
W.D.Gann
this seems to be a self serving statement .. to make it look like some one knows when the turn in gold will happen , or any event .. when will it turn… when time is up lol
when will the time be up..??? that’s the question.
i will go out on a limb and say, when gold goes up, gold will go up.
ment the gann
Ahhhh so nice. You got a picture of soee and Ment in one of their softer moments.
Ferrett ,I want my Silver Default …I want it now bwaaaaaaaa..to the dungeons with the shorts.
and I thought of you. Not sure if you still read here, but these pics are for you….
works of art
our computer with the intent of posting a link to the theft of gold-containing artifacts from U.B.C’s museum af anthropology. Although the despicable event is unfortunate, I am glad the event caught your attention and I’m glad you posted this news item. My wife and I went to Vancouver this weekend as part of the University of British Columbia annual alumni gathering and while we were there the news of this theft did not reach us, although we were not far from the scene of the crime..
This is an unfortunate event indeed. I suppose it is a hint of things to come. Recently there has been stripping of copper from plumbing in untended homes. Now we have stripping of gold and gold plating from works of art in museums. I suppose if the metals price trends are upwards to the right on the charts of TA gurus then we can expect more despicable thefts of metal objects from their current places of use or display.
It is a sad world we face as metals prices continue to rise into the foreseeable future. Equiz.
Turnpike deal has feel of a shell game Ron Bartizek Business Local
Is the deal to lease the Pennsylvania Turnpike for 75 years to a consortium that includes Citigroup and a Spanish company good for the state and the drivers who will pay higher tolls? It could be, but it’s also a sign that the kind of short-term thinking that gets Wall Street in trouble has seeped into the Capitol.
In a sense, what Gov. Ed Rendell wants to do is similar to a business selling its headquarters building, then leasing it back. In that case, the idea is to cash in a one-time windfall in the hope that reinvesting the proceeds will add more value than the expected appreciation in the real estate. Often, though, asset sales are a sign that operating performance is inadequate and management can’t figure out how to improve it.
In this one, the state gets the full lease payment of $12.8 billion up front, with its optimistically projected $1.1 billion annual investment earnings dedicated to highway and bridge repairs.
The governor says the state is not selling assets, just leasing the turnpike to a private operator who can operate it more efficiently, then return it in original condition. But with a 75-year term, the proposed lease lasts longer than most businesses’ lifetimes and certainly well beyond a politician’s tenure.
This move has the feel of yet another gimmick that extracts taxes from only a portion of the citizenry, rather than a broad-based revenue stream in which we all participate. Recently approved casino gambling is another example, but at least in that case the people paying the freight are doing so intentionally.
Truckers and commuters for whom the turnpike is the best route don’t have so much choice. The Pennsylvania Motor Truck Association recently came out in favor of increased taxes on motor fuels rather than higher tolls to fund desperately needed maintenance. Not only would that be more equitable, the association argued, it would eliminate an incentive for truckers to use narrow secondary roads such as state Route 118, the site of a recent fatal crash, to avoid paying tolls. The proposed turnpike lease allows a 25 percent hike in tolls the first year, followed by smaller annual increases.
Perhaps even more than shortsighted economics, the leasing scheme symbolizes political timidity, as elected officials choose what appears to be the least stressful alternative to others that could provide needed funding. Reforming the incredibly wasteful Turnpike Commission and modestly hiking the gas tax come to mind, but both would be politically difficult, but more responsible.
There’s another political risk; that a future governor and legislators will hijack the proceeds – or even some of the principal – for unintended uses or simply to plug budget gaps. That’s already happening with gambling proceeds, with a proposal to swing $750 million that was supposed to go for property tax relief into water and sewer work.
Structured properly, a turnpike lease may be able to avoid potential pitfalls. The least that needs to happen now is for the deal to undergo a thorough, third-party review as well as vetting by the Legislature, whose members hopefully can view it in the narrow way Rendell envisions, rather than as a piggy bank ripe for raiding.
Rendell deserves credit for forcing action on this important issue and his instincts about what will gain approval may be right on target. But shell games like this can’t go on indefinitely. Sooner or later we’ll have to accept and pay for realistic solutions to real problems.
(If it walks like a duck, swims like a duck and quacks like a duck - IT’s A DUCK!) JMO
This plane can use some of your ballons!
http://www.aero-news.net/index.cfm?ContentBlockID=192746fb-481e-402c-8460-8754ad602c77#d
Thieves stole a collection of gold items believed to be worth millions from the University of British Columbia’s Museum of Anthropology at the beginning of the weekend. A university spokesman, Scott Macrae, told the Canadian Press that most of the stolen pieces are by a well-known Canadian artist, Bill Reid, and are considered “priceless.” Gold Inca necklaces are also missing.
The museum is located on the university’s campus and the theft occurred during alumni-weekend celebrations. The Royal Canadian Mounted Police believe the theft happened Friday night or early Saturday morning. Members of the art community in Vancouver say Reid’s work is so well known that fencing the items would be difficult, according to a local newspaper, The Province. They fear the thieves will melt down the gold.
Four of Reid’s works are featured on the back of the Canadian $20 bill. The artist died in 1998, after having created about 1,500 paintings, carvings, sculptures, and pieces of jewelry based on traditional Northwest coast aboriginal art. —Karen Birchard
Happy Memorial Day to All!
JBI
Yep, I know.
And connecting ‘more n’ more’ dots, per Sinclair—–Warren didn’t get Rich by being ‘dumb.’
There may be some ‘unseen’ dots to his Silver, it being SOLD, and Barclay. Just speculation, but it makes sense. He probably ‘made’ some additional big ‘fiats’ unloading it, too.
Warren is most likely arm twisted to toe’ the Cabal line when he gets “too smart.”
Years and years ago, [I don’t remember exactly when, but it was prior to Algor INVENTING the Internet} I told my Bonker to get me some BRK “A” shares. They were around $15K. And dumb me let that damn Bonker talk me out of it. Said it was ‘overpriced’, and lets wait for a pullback.
Yeah…..right. So I bought some MO & XOM & some other stuff which has been OK too.
Nowdays’ the BONKER’s buy what I say. Except when occasionally your truly gets in on a piece of some IPO of which their house is handling a portion.
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IKE-Buffett’s got no more silver–from A Jim Rodgers interview
Warren Buffett told annual Berkshire Hathaway shareholders Saturday that commodities are in a speculative phase. Jim Rogers disagrees.
May 8, 2006
Today, iTulip.com’s President Eric Janszen interviewed investor James Rogers to hear what Rogers thinks of Warren Buffett’s comments to annual Berkshire Hathaway shareholders Saturday on commodities and to get an update on the progress of what he views as the early stages of a long term bull market in commodities. Warren Buffett mentioned at the shareholders meeting Saturday that, “We had a lot of silver at one time, but we don’t have it now.” He noted, “something like copper is speculative on both sides of the market–you are looking at market that’s responding more to speculative than fundamental forces.” Buffett believes the price rise in at least these two commodities are the result of speculation not fundamental supply and demand, and he implies that commodities are in a speculative phase generally.
Warren Buffett told annual Berkshire Hathaway shareholders Saturday that commodities are in a speculative phase. Jim Rogers disagrees.
May 8, 2006
Today, iTulip.com’s President Eric Janszen interviewed investor James Rogers to hear what Rogers thinks of Warren Buffett’s comments to annual Berkshire Hathaway shareholders Saturday on commodities and to get an update on the progress of what he views as the early stages of a long term bull market in commodities. Warren Buffett mentioned at the shareholders meeting Saturday that, “We had a lot of silver at one time, but we don’t have it now.” He noted, “something like copper is speculative on both sides of the market–you are looking at market that’s responding more to speculative than fundamental forces.” Buffett believes the price rise in at least these two commodities are the result of speculation not fundamental supply and demand, and he implies that commodities are in a speculative phase generally.