Loading ...FGC, I haven’t thought of Ray in a very long time——–
He used to post the most hopeful chart of DROOY one could imagine! Sigh………. 
USD 12/14/08
The next short term support level of the USD is at 83.09 and IMO this will not stop the current decline but will only cause the movement lower to pause as it continues to fall toward the historical price level at roughly 80. It will be at that support level that I expect there will be a minimal bounce higher before it resumes lower and takes out the most recent low at 71.31
As a result, expect the commodity sectors to continue to rally higher on the drop to the historic 80 USD level, followed by a brief and minimal retracement, and then a resumption of the current move higher throughout 2009.
As mentioned several times in the past, mining stocks will rise substantially from the massively oversold condition with leveraged performance to physicals.
During the first phase the rise in commodities was due primarily to the USD … this phase will witness rising commodity prices against ALL fiat currencies due to the recent massive expansion of fiat globally.
madoff
characteristic .. sacrifice thine own ..
keep your eye on the road your hand upon the wheel
..
China
was taken long before Marco Polo ..
The Georgia Guidestones
have recently been ” trashed ” .. I will not post a link, as some of the spray-painting on them use four letter words ..
but you can find it at the rense site
..
The Georgia Guidestones
Someone or group went through a lot of time and expense to promote their views - going deeper into the rabbit hole searching for answers and the truth. Understand this movement and you will begin to better understand why we are in a crises and who are the puppet masters.
Further evidence (right here in the good ole USA) that there does exist a movement toward a “New World Order” which emphasises:
(1) Dramatically reducing the population of the world.
(2) Promoting environmentalism.
(3) Establishing a world government.
(4) Promoting a new spirituality.
On one of the highest hilltops in Elbert County, Georgia stands a huge granite monument. Engraved in eight different languages on the four giant stones that support the common capstone are 10 Guides, or commandments. That monument is alternately referred to as The Georgia Guidestones, or the American Stonehenge. Though relatively unknown to most people, it is an important link to the Occult Hierarchy that dominates the world in which we live.The origin of that strange monument is shrouded in mystery because no one knows the true identity of the man, or men, who commissioned its construction. All that is known for certain is that in June 1979, a well-dressed, articulate stranger visited the office of the Elberton Granite Finishing Company and announced that he wanted to build an edifice to transmit a message to mankind. He identified himself as R. C. Christian, but it soon became apparent that was not his real name. He said that he represented a group of men who wanted to offer direction to humanity, but to date, almost two decades later, no one knows who R. C. Christian really was, or the names of those he represented. Several things are apparent. The messages engraved on the Georgia Guidestones deal with four major fields: (1) Governance and the establishment of a world government, (2) Population and reproduction control, (3) The environment and man’s relationship to nature, and (4) Spirituality.
In the public library in Elberton, I found a book written by the man who called himself R.C. Christian. I discovered that the monument he commissioned had been erected in recognition of Thomas Paine and the occult philosophy he espoused. Indeed, the Georgia Guidestones are used for occult ceremonies and mystic celebrations to this very day. Tragically, only one religious leader in the area had the courage to speak out against the American Stonehenge, and he has recently relocated his ministry.
THE MESSAGE OF THE GEORGIA GUIDESTONES
1. Maintain humanity under 500,000,000 in perpetual balance with nature.
2. Guide reproduction wisely - improving fitness and diversity.
3. Unite humanity with a living new language.
4. Rule passion - faith - tradition - and all things with tempered reason.
5. Protect people and nations with fair laws and just courts.
6. Let all nations rule internally resolving external disputes in a world court.
7. Avoid petty laws and useless officials.
8. Balance personal rights with social duties.
9. Prize truth - beauty - love - seeking harmony with the infinite.
10.Be not a cancer on the earth - Leave room for nature - Leave room for nature.
Limiting the population of the earth to 500 million will require the extermination of nine-tenths of the world’s people. The American Stonehenge’s reference to establishing a world court foreshadows the current move to create an International Criminal Court and a world government. The Guidestones’ emphasis on preserving nature anticipates the environmental movement of the 1990s, and the reference to “seeking harmony with the infinite” reflects the current effort to replace Judeo-Christian beliefs with a new spirituality.
The message of the American Stonehenge also foreshadowed the current drive for Sustainable Development. Any time you hear the phrase “Sustainable Development” used, you should substitute the term “socialism” to be able to understand what is intended. Later in this syllabus you will read the full text of the Earth Charter which was compiled under the direction of Mikhail Gorbachev and Maurice Strong. In that document you will find an emphasis on the same basic issues: control of reproduction, world governance, the importance of nature and the environment, and a new spirituality. The similarity between the ideas engraved on the Georgia Guidestones and those espoused in the Earth Charter reflect the common origins of both.
What is the true significance of the American Stonehenge, and why is its covert message important? Because it confirms the fact that there was a covert group intent on
(1) Dramatically reducing the population of the world.
(2) Promoting environmentalism.
(3) Establishing a world government.
(4) Promoting a new spirituality.
Certainly the group that commissioned the Georgia Guidestones is one of many similar groups working together toward a New World Order, a new world economic system, and a new world spirituality. Behind those groups, however, are dark spiritual forces. Without understanding the nature of those dark forces it is impossible to understand the unfolding of world events.
The fact that most Americans have never heard of the Georgia Guidestones or their message to humanity reflects the degree of control that exists today over what the American people think. We ignore that message at our peril.
$HUI:$USD WEEKLY
The intermediate term trend is changing in favor of HUI. NIA
FGC
As you know it is near impossible to locate any mining shares which didn’t get taken behind the barn on the most recent managed correction. Even majors took a spanking far greater than the norm.
But now, that is all history and the time has arrived to once again look for opportunities. Those firms which have survived - have not declared bankruptcy - portray a sign of strength IMO. As the spigots are opened and inflation is released upon the global economies, the commodity sectors will recover … in fact, mining stocks will likely outperform due to the lack of physical that is available. The next best thing to physical gold and silver in the hand will be physicals in the ground.
This period of uncertainty and disappointment by those who invest in the commodity sectors IMO will never be forgotten yet will be remembered as just a pause in the continuing bull market advance toward new historical highs. Just as was the lack of interest in commodities back in 2001 when they were at historic lows, so now also we are witnessing hesitation. What few today realize is that this next move will either make or break investors … this next run higher will on a percentage basis be greater than the gains witnessed during the initial phase of the bull market. In fact, historically it can be seen that this next impulse wave is where the junior mining stocks will far outperform the majors. The key going forward will be diversification and liquidity and IMO juniors should not be overlooked and avoided but rather more thoughly investigated for their potential.
Remember at one time even Barrick was traded as a penny stock.
Steve
ooops…..
REPORTER THROWS SHOES…
Bush waved off lead Secret Service agent, prevent bigger incident… Developing…
VIDEO…
Sckpak….I wish Calvf holders well… but what a dog it has been
..I am glad to be out of it….Bought more GBG and SMF with the meagre proceeds..a couple fine juniors that actually go up sometimes….also looking forward to a rebate from the Capital loss….
…anybody remember Ray from GoldEagle Forum….I wonder if he sold his millions of shares ?
For the unwary GLD & SLV
The Fraud of GLD & SLV…
The ’sweat of the sun’ and ‘tears of the moon’ are singularly unique commodities. They function as unencumbered equity and function as a presentation currency. For this singular reason they are largely hoarded, not consumed, and serve to protect against despotic government inroads by preventing confiscation through inflation which is a form of taxation without representation.
The ETFs GLD and SLV are commonly represented as being bullion. Accepting this assertion is naive and with potential financially lethal consequences. While GLD and SLV track the relative prices that is where the similarities with bullion end.
On May 20, 1999, Alan Greenspan testified before Congress, “Gold is always accepted and is the ultimate means of payment and is perceived to be an element of stability in the currency and in the ultimate value of the currency and that historically has always been the reason why governments hold gold.”
The ETFs GLD and SLV are not this ultimate form of currency. I will raise only a few essential issues, although there are many.
QUALITY OF GOLD
Gold is a physical substance with a specific definition and is listed as element 79 in the periodic table. Gold is not subject to any risks and serves with complete fidelity only its master. Drafted by securities attorneys usually earning $500+/hour, the GLD prospectus, which is similar to SLV’s prospectus, states, “Investing in the Shares involves significant risks. See “Risk Factors” starting on page 6.” Page 11 states, “Neither the Trustee nor the Custodian independently confirms the fineness of the gold allocated to the Trust in connection with the creation of a Basket [issuances].” Page 12: “In issuing Baskets, the Trustee relies on certain information received from the Custodian which is subject to confirmation after the Trustee has relied on the information. If such information turns out to be incorrect, Baskets may be issued in exchange for an amount of gold which is more or less than the amount of gold which is required to be deposited with the Trust.” There is no assurance that the ‘gold’ held in the ETFs is actually the same gold as defined under the periodic table.
On page 11: “In addition, the ability of the Trustee to monitor the performance of the Custodian may be limited because under the Custody Agreement the Trustee has only limited rights to visit the premises of the Custodian for the purpose of examining the Trust’s gold”. Therefore, it appears that an audit of the actual physical gold is precluded. In other words, ‘Just trust us, the gold is there.’
COUNTER-PARTY RISK
The reassertion of counter-party risk is driving much of the risk in the current markets. Page 10 states, “If the Trust’s gold is lost, damaged, stolen or destroyed under circumstances rendering a party liable to the Trust, the responsible party may not have the financial resources sufficient to satisfy the Trust’s claim.” On page 9, “The Trust does not insure its gold.” Further on page 12, “Gold held in the Trust’s unallocated gold account and any Authorized Participant’s unallocated gold account will not be segregated from the Custodian’s assets. If the Custodian becomes insolvent, its assets may not be adequate to satisfy a claim by the Trust or any Authorized Participant. In addition, in the event of the Custodian’s insolvency, there may be a delay and costs incurred in identifying the bullion held in the Trust’s allocated gold account.” Gold is not subject to counter-party risk or in other words the financial ability of a counter-party to pay. Clearly, GLD is impregnated with counter-party risk that may instantly and violently appear from within like the Alien.
CONFLICT OF INTEREST
There is economic incentive for the Custodians to loot the ETFs. From page 9, “Under the Custody Agreements, the Custodian is only liable for losses that are the direct result of its own negligence, fraud or willful default in the performance of its duties. Any such liability is further limited, in the case of the Allocated Bullion Account Agreement, to the market value of the gold held in the Trust’s allocated gold account with the Custodian, or the Trust Allocated Account, at the time such negligence, fraud or willful default is discovered by the Custodian”. Not only does the Custodian attempt to disrobe itself of liability, but even if it is found liable it tries to assert damages accounted at the time of discovery of the default. The probability of such damages being woefully understated relative to the potential future market value in the event of such a default is extremely high. In effect, this provision gives the Custodian a perpetual call option on the GLD hoard.
Who are these parties that say, ‘Just trust us, the gold is there’? Page 36 lists some Authorized Participants including such venerable, safe and secure Wall Street behemoths as Bear Stearns & Co. Inc., Lehman Brothers Inc., Citigroup (C) Global Markets Inc., Merrill Lynch (MER), Goldman Sachs (GS), J.P. Morgan Securities (JPM), UBS Securities (UBS) and Morgan Stanley & Co. (MS). Given the past actions of these firms, I am not sure I would want them anywhere near my gold.
For example, in June 2007 Morgan Stanley & Co. settled a class action lawsuit for $4.4 million where the complaint alleged ‘that Morgan Stanley told clients it was selling them precious metals that they would own in full and that the company would store. But Morgan Stanley either made no investment specifically on behalf of those clients, or it made entirely different investments of lesser value and security.’ While the efficacy of the claim may still be at issue the Better Business Bureau-like complaint from unsatisfied customers who initiated litigation does not inspire confidence for those seeking to reduce risk.
During a credit contraction and liquidity crisis the ‘relationship goes out the window’. On December 12, 2008 UBS ‘UBS AG announced today it has frozen one of its real estate funds until the end of next year, due to an inability to keep up with redemption requests from wealth management clients.’ Why? The spokeswoman said, ‘We closed the fund temporarily for the protection of the investor’. It would be most unfortunate to have one’s gold in the sticky fingers of such fine and upstanding firms that refuse to deliver to protect you.
Additionally, the GLD and SLV hoards may pose a convenient source of bullion for the United States government to steal. Given prior tyrannical history with FDR’s Executive Order 6102 this may be a material threat. On the other hand, Section 19 of the 1792 Coinage Act stated that those who ‘debased or made worse as to the proportion of fine gold or fine silver therein contained … shall suffer death’. Perhaps the Americans were more civilized than their French counterparts and preferred the appearance of due process of law when executing their bankers and politicians for destroying their economies with fiat currency and fractional reserve banking.
ACCOMPLICES TO CENTRAL BANK GOLD PRICE SUPPRESSION SCHEME
During the 1990’s Mr. Rubin had devised the gold leasing scheme with the intent being elucidated by Dr. Greenspan’s testimony in 1998, “Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.” Many of the previously mentioned firms are alleged by GATA to be complicit players in the central bank gold price suppression scheme. Mr. Robert Landis, a graduate of Princeton University, Harvard Law School and member of the New York Bar, has asserted that “Any rational person who continues to dispute the existence of the rig after exposure to the evidence is either in denial or is complicit.” Is it possible that GLD and SLV hoards are being surreptitiously used to continue the gold price suppression scheme?
CONCLUSION
For those desiring to trade paper gold, the GLD and SLV vehicles may satisfy those requirements. But for those who desire the ’sweat of the sun’ or ‘tears of the moon’ in order to own the ultimate form of payment and therefore hearken to Chicken Little’s warnings and protect their assets then the GLD and SLV vehicles appear extremely deficient. Alternative forms of holding allocated gold bullion exist that are affordable, secure, convenient, trustworthy and not subject to counter-party risk.
For these reasons including (1) the quality of the gold is at issue, (2) no audit of the physical metal is permitted, (3) counter-party risk impregnates the investment vehicle and (4) there are strong conflicts of interest with complicit players in the central bank gold price suppression scheme; GLD and SLV appear impotent in reducing inflation or counter-party risk.
seekingalpha.com/arti
GoldBallon - FGC & CALVF
You asked if I thought it was the right or wrong decision for FGC to have sold recently shares of Caledonia Mining. To begin, the decision to buy, sell, or hold any investment is strictly up to the individual and is based upon making a decision they have reached after giving it serious consideration. Who am I to question the specific trading decisions of anyone?
Would I be a seller of Caledonia Mining at these levels - no. The time to have recently sold based on the indicators I use would have been back in early Sept when the 8 ema fell below the 21 ema on the daily chart at roughly $0.1400 per share. At this time, the indicators are showing an extreme oversold condition - IMO the probability favors an increase in value rather than a continuation to lower levels. Take special note of the positive divergence between price and the MACD / RSI since late Oct.
NIA