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Franklin Mining - FMNJ - Silver -
RE: Silver - consolidation around the 200 D MA -
building strength.
Maybe a short go before an uptrend bull wave runs.
Fibonacci price projection -
new trends are often 162% of the previous correction.
Time to buy the dips for the long parabolic phase
starts.
All the perplexities -
confusion and distress in America arise -
not from defects in their Constitution or Confederation -
not from want of honor or virtue -
so much as from the downright ignorance -
of the nature of coin -
credit and circulation.
With the exception only of the period of -
The Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud and plunder the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Franklin Mining - FMNJ - Silver -
RE: Silver - consolidation around the 200 D MA -
building strength.
Maybe a short go before an uptrend bull wave runs.
Fibonacci price projection -
new trends are often 162% of the previous correction.
Time to buy the dips for the long parabolic phase
starts.
All the perplexities -
confusion and distress in America arise -
not from defects in their Constitution or Confederation -
not from want of honor or virtue -
so much as from the downright ignorance -
of the nature of coin -
credit and circulation.
With the exception only of the period of -
The Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud and plunder the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
WHAT IS MONEY?
WHAT IS MONEY? -
According to Webster’s 1828 American Dictionary of the English
Language:
MONEY, n, plu. moneys. [Sax. mynet ; D. munt, mint ; G. munze
; Sw. mynt ; Dan. myndt, money or mint ; Fr. monnoie ; Ir.
monadh ; W. mwnai ; Sp. moneda ; Port. moeda, contracted ; L.
It. moneta. Money and mint are
the same word varied.]
1. Coin ; stamped metal ; any piece of metal, usually gold,
silver or copper, stamped by public authority, and used as the
medium of commerce.
We sometimes give the name of money to other coined metals,
and to any other material which rude nations use as a medium
of trade. But among modern commercial nations, gold, silver
and copper are the only metals used for this purpose.
Gold and silver, containing great value in small compass, and
therefore of easy conveyance, and being also durable and
little liable to diminution by use, are the most convenient
metals for coin and money, which is the representative of
commodities of all kinds, of lands, and of every thing that is
capable of being transferred in commerce.
2. Bank notes or bills of credit issued by authority,
and exchangeable for coin or redeemable,
are also called money ;
as such notes in modern time
represent coin, and are used as a substitute for it.
If a man pays in hand for goods in bank notes which
are current, he is said to pay in ready money.
3. Wealth ; affluence.
Money can neither open new avenues to pleasure,
nor block up the passages of anguish.
Rambler.
12 USC 152—"The terms ‘lawful money’ and ‘lawful money of
the United States’ shall be construed to mean gold or silver
coin of the United States."
This section has been repealed (HJR 192, passed June 5, 1933),
the effect being that there is no lawful money in circulation.
Federal Reserve Notes are debt instruments.
A BRIEF HISTORY OF THE EVOLUTION FROM LAWFUL MONEY TO LEGAL
TENDER -
1787 – Article One, Section 10 introduced by Roger Sherman
at Constitutional Convention:
“No State shall make any thing but gold and silver coin a
tender in payment of debts.”
1789 – Constitution of the United States ratified.
1792 – Congressional Coinage Act defining “Dollar” as a
measurement of gold or silver.
Counterfeiting is a capital crime, punishable by death.
1834 – President Andrew Jackson tells the bankers:
“You are a den of vipers!
I intend to rout you out, and by the Eternal God, I will rout
you out.
If the people only understood the rank injustice of our money
and banking system, there would be a revolution by morning.”
1862 – President Abraham Lincoln arranges for the Bureau of
Printing and Engraving to issue 400 million “dollars” in
United States Notes, unbacked by specie. By definition, This
is counterfeiting.
1913 – Bankers finally manage to get a “central bank,”
called the Federal Reserve System, installedin the American
states. It is the Fifth Plank of the Communist Manifesto.
Earlier the same year the Second Plank, “A graduated Income
Tax,” was foisted on the people through the 16th Amendment.
It was never lawfully ratified by the States.
See The Law That Never Was by Bill Benson and M. J. Beckman.
1914 – The Federal Reserve Bank begins issuing notes
payable to the bearer on demand in lawful money. Notes may be
redeemed by the United States Treasury or any federal reserve
bank.
1928 – A new Series of notes released by the Bureau of
Printing and Engraving with the redeemability clause in
smaller but still very evident type.
1933 – Roosevelt “calls in” the gold and, once it is in
government posession, arbitrarily alters the value from $20 an
ounce to $35, thereby making $millions for himself and his
cronies overnight. His Legal Tender Act was a declaration that
the nation had gone bankrupt. His Emergency War Powers Act
circumvents and technically makes void the Constitution.
The American people are unaware of the ramifications, and
the politicians carry on the masquerade by constantly
reminding the people of “Constitutional rights.”
1934 – A new Series of notes is released by the Bureau of
Printing and Engraving with the redeemability clause appearing
in an even more shrunken type size.
1950 – New Series of notes released by the Bureau of
Printing and Engraving with type size of the redeemablity
clause so small a magnifying glass is needed to read it by
most people to read it.
1963 – First Series of bogus notes, issued on the day of
President Kennedy’s funeral, saying: This note is legal tender
for all debts public and private” but no offer for the bearer
to redeem on demand. Although claiming to be “Federal Reserve
Notes,” these pieces of paper suddenly and silently have
become nothing more than tokens. The legal tender notes will
circulate together with the lawful money notes for the next
five years as the originals are gradually removed by the
banks. At such a tragic moment in their lives, very few
trusting Americans notice the change or care.
1965 – Semi-slug coins are manufactured by the U. S. Mint
with drastically reduced amounts of silver. Dross filler of
copper alloy is added.
1968 – All silver is removed from the U. S. coins,
rendering their inrinsic value (of the remaining copper and
zinc) almost wothless. On June 24th, the banks slam shut the
silver exchange window and from this date forward, paper notes
(irresorective of the “promise to pay in lawful money”) will
be exchange only for more paper notes. A new infraction called
“Illegal(?) Counterfeiting” now appears as a criminal statute
in the United States Code books.
The preceding was taken from the book “The Montana Freemen --
The Untold Story of Government Suppression and News Media
Cover-Up” by J. Patrick Shannan, available from us in our
publications section for $12.00 plus $3.00 shipping.
Biggest Scam In History -
(speakers on )
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The study of money -
above all other fields in economics -
is one in which complexity is used to disguise truth -
or to evade truth -
not to reveal it.
Money: Whence it came, where it went - 1975 -
The process by which banks create money -
is so simple that the mind is repelled.
Money: Whence it came, where it went - 1975 -
Is there any reason why the American people -
should be taxed to guarantee the debts of banks -
any more than they should be taxed to guarantee -
the debts of other institutions -
including merchants -
the industries -
and the mills of the country?
The legal tender quality [of money] is only valuable -
for the purposes of dishonesty.
As long as we issue fiat currency -
i see no alternative to a legal tender law.
All the perplexities -
confusion and distress in America arise -
not from defects in their Constitution or Confederation -
not from want of honor or virtue -
so much as from the downright ignorance -
of the nature of coin -
credit and circulation.
With the exception only of the period of -
The Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud and plunder the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
WHAT IS MONEY?
WHAT IS MONEY? -
According to Webster’s 1828 American Dictionary of the English
Language:
MONEY, n, plu. moneys. [Sax. mynet ; D. munt, mint ; G. munze
; Sw. mynt ; Dan. myndt, money or mint ; Fr. monnoie ; Ir.
monadh ; W. mwnai ; Sp. moneda ; Port. moeda, contracted ; L.
It. moneta. Money and mint are
the same word varied.]
1. Coin ; stamped metal ; any piece of metal, usually gold,
silver or copper, stamped by public authority, and used as the
medium of commerce.
We sometimes give the name of money to other coined metals,
and to any other material which rude nations use as a medium
of trade. But among modern commercial nations, gold, silver
and copper are the only metals used for this purpose.
Gold and silver, containing great value in small compass, and
therefore of easy conveyance, and being also durable and
little liable to diminution by use, are the most convenient
metals for coin and money, which is the representative of
commodities of all kinds, of lands, and of every thing that is
capable of being transferred in commerce.
2. Bank notes or bills of credit issued by authority,
and exchangeable for coin or redeemable,
are also called money ;
as such notes in modern time
represent coin, and are used as a substitute for it.
If a man pays in hand for goods in bank notes which
are current, he is said to pay in ready money.
3. Wealth ; affluence.
Money can neither open new avenues to pleasure,
nor block up the passages of anguish.
Rambler.
12 USC 152—"The terms ‘lawful money’ and ‘lawful money of
the United States’ shall be construed to mean gold or silver
coin of the United States."
This section has been repealed (HJR 192, passed June 5, 1933),
the effect being that there is no lawful money in circulation.
Federal Reserve Notes are debt instruments.
A BRIEF HISTORY OF THE EVOLUTION FROM LAWFUL MONEY TO LEGAL
TENDER -
1787 – Article One, Section 10 introduced by Roger Sherman
at Constitutional Convention:
“No State shall make any thing but gold and silver coin a
tender in payment of debts.”
1789 – Constitution of the United States ratified.
1792 – Congressional Coinage Act defining “Dollar” as a
measurement of gold or silver.
Counterfeiting is a capital crime, punishable by death.
1834 – President Andrew Jackson tells the bankers:
“You are a den of vipers!
I intend to rout you out, and by the Eternal God, I will rout
you out.
If the people only understood the rank injustice of our money
and banking system, there would be a revolution by morning.”
1862 – President Abraham Lincoln arranges for the Bureau of
Printing and Engraving to issue 400 million “dollars” in
United States Notes, unbacked by specie. By definition, This
is counterfeiting.
1913 – Bankers finally manage to get a “central bank,”
called the Federal Reserve System, installedin the American
states. It is the Fifth Plank of the Communist Manifesto.
Earlier the same year the Second Plank, “A graduated Income
Tax,” was foisted on the people through the 16th Amendment.
It was never lawfully ratified by the States.
See The Law That Never Was by Bill Benson and M. J. Beckman.
1914 – The Federal Reserve Bank begins issuing notes
payable to the bearer on demand in lawful money. Notes may be
redeemed by the United States Treasury or any federal reserve
bank.
1928 – A new Series of notes released by the Bureau of
Printing and Engraving with the redeemability clause in
smaller but still very evident type.
1933 – Roosevelt “calls in” the gold and, once it is in
government posession, arbitrarily alters the value from $20 an
ounce to $35, thereby making $millions for himself and his
cronies overnight. His Legal Tender Act was a declaration that
the nation had gone bankrupt. His Emergency War Powers Act
circumvents and technically makes void the Constitution.
The American people are unaware of the ramifications, and
the politicians carry on the masquerade by constantly
reminding the people of “Constitutional rights.”
1934 – A new Series of notes is released by the Bureau of
Printing and Engraving with the redeemability clause appearing
in an even more shrunken type size.
1950 – New Series of notes released by the Bureau of
Printing and Engraving with type size of the redeemablity
clause so small a magnifying glass is needed to read it by
most people to read it.
1963 – First Series of bogus notes, issued on the day of
President Kennedy’s funeral, saying: This note is legal tender
for all debts public and private” but no offer for the bearer
to redeem on demand. Although claiming to be “Federal Reserve
Notes,” these pieces of paper suddenly and silently have
become nothing more than tokens. The legal tender notes will
circulate together with the lawful money notes for the next
five years as the originals are gradually removed by the
banks. At such a tragic moment in their lives, very few
trusting Americans notice the change or care.
1965 – Semi-slug coins are manufactured by the U. S. Mint
with drastically reduced amounts of silver. Dross filler of
copper alloy is added.
1968 – All silver is removed from the U. S. coins,
rendering their inrinsic value (of the remaining copper and
zinc) almost wothless. On June 24th, the banks slam shut the
silver exchange window and from this date forward, paper notes
(irresorective of the “promise to pay in lawful money”) will
be exchange only for more paper notes. A new infraction called
“Illegal(?) Counterfeiting” now appears as a criminal statute
in the United States Code books.
The preceding was taken from the book “The Montana Freemen --
The Untold Story of Government Suppression and News Media
Cover-Up” by J. Patrick Shannan, available from us in our
publications section for $12.00 plus $3.00 shipping.
Biggest Scam In History -
(speakers on )
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The study of money -
above all other fields in economics -
is one in which complexity is used to disguise truth -
or to evade truth -
not to reveal it.
Money: Whence it came, where it went - 1975 -
The process by which banks create money -
is so simple that the mind is repelled.
Money: Whence it came, where it went - 1975 -
Is there any reason why the American people -
should be taxed to guarantee the debts of banks -
any more than they should be taxed to guarantee -
the debts of other institutions -
including merchants -
the industries -
and the mills of the country?
The legal tender quality [of money] is only valuable -
for the purposes of dishonesty.
As long as we issue fiat currency -
i see no alternative to a legal tender law.
All the perplexities -
confusion and distress in America arise -
not from defects in their Constitution or Confederation -
not from want of honor or virtue -
so much as from the downright ignorance -
of the nature of coin -
credit and circulation.
With the exception only of the period of -
The Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud and plunder the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, the fellow is on the right road -
The real fundamentals of the Silver and Gold -
Silver and Gold are the only real money -
The potential demand for real money -
is the total of paper money -
or other wealth, that exists that could -
well one day -
show up as demand for real money:
Gold and Silver -
1,000,000,000,000: 1 Trillion dollars
1,000,000,000: 1 Billion dollars
1,000,000: 1 Million dollars
$400,000,000,000,000: Estimated total derivative exposure of all banks in the entire world. (20 x U.S. GDP) (up to $400 Trillion?)
$118,000,000,000,000: World Global Capital Markets (Stocks, Bonds, &?) Feb 2005 McKinsey Global Inst.
$75,000,000,000,000: U.S. Govt. unfunded liabilities; social security, etc.
$49,000,000,000,000: World bond market, Fall 2004 PWL Capital Inc.
$46,000,000,000,000: Total World Paper Money supply 2004; from M2 & GDP of EU, USA, Japan, & China (see SSR #56)
$45,153,000,000,000: U.S. Household wealth, as of first quarter, 2004. (Includes Real Estate, and investments)
$37,000,000,000,000: Total global equity market capitalization June 2001 UN.ORG
$21,700,000,000,000: Total global market capitalization of NYSE stocks, Dec '05 http://nyse.com
$21,000,000,000,000: U.S. bond market, Sept, '03: IAPF treas.gov
$12,605,000,000,000: U.S. GDP, 2005 (3Q) http://www.bea.doc.gov/bea/dn/home/gdp.htm
$10,261,000,000,000: M3 (money in U.S. banks) Jan '06 http://tinyurl.com/vra0
$8,249,000,000,000: US debt, 2-23-2006 http://www.publicdebt.treas.gov/opd/opdpenny.htm
$4,000,000,000,000: Total global market capitalization of Tokyo stocks, Dec '05 http://nyse.com
$3,600,000,000,000: Total global market capitalization of Nasdaq stocks, Dec '05 http://nyse.com
$3,000,000,000,000: Total global market capitalization of London stocks, Dec '05 http://nyse.com
$2,622,000,000,000: Total gold mined in all of history, 150,000 T (4.6 bil oz.) @ $570/oz. http://tinyurl.com/vrcc
$2,500,000,000,000: Total global market capitalization of Euronext stocks, Dec '05 http://nyse.com
$2,400,000,000,000: U.S. annual budget 2005
$1,200,000,000,000: Total global market capitalization of Deutsche Boerse stocks, Dec '05 http://nyse.com
$754,000,000,000: Total U.S. paper currency & coin in circulation, March 2005 http://www.fms.treas.gov/bulletin/index.html
$753,000,000,000: Annual U.S. current account deficit (trade deficit) for 2005, (annualized from 1 Q 2005).
$596,000,000,000: U.S. debt increase (true deficit) (Fiscal year '03-'04). http://www.publicdebt.treas.gov/opd/opdpenny.htm
$400,000,000,000: Total silver mined in all of history: 40 billion oz. @ $10/oz. http://snipurl.com/93j1
$376,000,000,000: Market Cap of Exxon Mobil (biggest U.S. Corp.) (8-05) http://finance.yahoo.com/q?s=XOM
$286,000,000,000: Debt of General Motors (biggest U.S. car company) Jan 2006
$149,000,000,000: US gold, 261 mil oz., @ $570/oz. http://tinyurl.com/vsr9
$110,000,000,000: all the world's gold stocks/equities (Sept. 25, 2005, Denver Gold Conference)
$75,000,000,000: Money flowed into Equity funds in the first quarter, 2004
$26,000,000,000: Market Cap of Newmont July '05 (biggest gold company in the world)
$8,226,000,000: all the world's "primary" silver stocks (80 of them on this list, as of June 25, 2004) --my own data.
$7,000,000,000: annual flow of money "lost" in Las Vegas while gambling.
$4,000,000,000: Total annual ATM penalty fees http://redtape.msnbc.com/2005/10/now_even_atm_de.html $13/year per household
$3,500,000,000: 350 mil oz. of "identifiable" silver bullion left in the entire world, according to GFMS @ $10/oz.
$1,300,000,000: 130 million oz. of silver needed by the Barclays Silver ETF: feared to cause a silver shortage by the SUA.
$720,000,000: 72 mil oz. of "registered" NYMEX silver bullion (1-05-05) @ $10/oz. http://www.nymex.com/sil_fut_wareho.aspx
$266,000,000: 40 million oz. of silver purchased for investment, in 2004 at $6.66/oz.
$75,000,000: Limit 7.5 mil oz. of silver @ $10/oz. (limit of 1500 contracts per trader) at NYMEX
$15,000,000: Limit 1.5 mil oz. of silver @ $10/oz. (potential 1 month delivery limit) at NYMEX
$7,500,000: Limit .75 mil oz. of silver @ $10/oz. (over 150 contracts and you must reveal who you are) at NYMEX
$100,000: Limit of FDIC insurance per bank account.
$5,000: Limit of average cash withdrawl from small town banks, without ordering cash in advance.
$300: Limit of average ATM daily withdrawl
$10: Approximate amount of silver available per person in the U.S. at $10/oz., given 300 million oz., if that is available.
Therefore, when you hear that billions and billions -
of dollars are going to be invested in -
the Gold and Silver stocks -
just know that's an understatement -
i believe in 1980, the total market cap of all Gold stocks -
was $1 trillion -
and the total market cap of all NYSE stocks was $1 trillion -
today, the figures are about $110 billion for Gold stocks -
and $21 trillion for NYSE stocks -
it's going to be a great decade for Gold and Silver
FMNJ - Investors.
i love the hard working people -
Potosi Brothers & Sisters -
wish to be down in Potosi -
La Virgen del Cerro -
San Miguel with the cross -
to give a hand -
don't like to be sitting on top of -
the San Andreas fault zone -
http://tinyurl.com/o44wh
Pray to keep it down! -
would prefer to be on top of -
Cerro Rico - San Miquel -
well, one nice day -
history repeat itself
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, the fellow is on the right road -
The real fundamentals of the Silver and Gold -
Silver and Gold are the only real money -
The potential demand for real money -
is the total of paper money -
or other wealth, that exists that could -
well one day -
show up as demand for real money:
Gold and Silver -
1,000,000,000,000: 1 Trillion dollars
1,000,000,000: 1 Billion dollars
1,000,000: 1 Million dollars
$400,000,000,000,000: Estimated total derivative exposure of all banks in the entire world. (20 x U.S. GDP) (up to $400 Trillion?)
$118,000,000,000,000: World Global Capital Markets (Stocks, Bonds, &?) Feb 2005 McKinsey Global Inst.
$75,000,000,000,000: U.S. Govt. unfunded liabilities; social security, etc.
$49,000,000,000,000: World bond market, Fall 2004 PWL Capital Inc.
$46,000,000,000,000: Total World Paper Money supply 2004; from M2 & GDP of EU, USA, Japan, & China (see SSR #56)
$45,153,000,000,000: U.S. Household wealth, as of first quarter, 2004. (Includes Real Estate, and investments)
$37,000,000,000,000: Total global equity market capitalization June 2001 UN.ORG
$21,700,000,000,000: Total global market capitalization of NYSE stocks, Dec '05 http://nyse.com
$21,000,000,000,000: U.S. bond market, Sept, '03: IAPF treas.gov
$12,605,000,000,000: U.S. GDP, 2005 (3Q) http://www.bea.doc.gov/bea/dn/home/gdp.htm
$10,261,000,000,000: M3 (money in U.S. banks) Jan '06 http://tinyurl.com/vra0
$8,249,000,000,000: US debt, 2-23-2006 http://www.publicdebt.treas.gov/opd/opdpenny.htm
$4,000,000,000,000: Total global market capitalization of Tokyo stocks, Dec '05 http://nyse.com
$3,600,000,000,000: Total global market capitalization of Nasdaq stocks, Dec '05 http://nyse.com
$3,000,000,000,000: Total global market capitalization of London stocks, Dec '05 http://nyse.com
$2,622,000,000,000: Total gold mined in all of history, 150,000 T (4.6 bil oz.) @ $570/oz. http://tinyurl.com/vrcc
$2,500,000,000,000: Total global market capitalization of Euronext stocks, Dec '05 http://nyse.com
$2,400,000,000,000: U.S. annual budget 2005
$1,200,000,000,000: Total global market capitalization of Deutsche Boerse stocks, Dec '05 http://nyse.com
$754,000,000,000: Total U.S. paper currency & coin in circulation, March 2005 http://www.fms.treas.gov/bulletin/index.html
$753,000,000,000: Annual U.S. current account deficit (trade deficit) for 2005, (annualized from 1 Q 2005).
$596,000,000,000: U.S. debt increase (true deficit) (Fiscal year '03-'04). http://www.publicdebt.treas.gov/opd/opdpenny.htm
$400,000,000,000: Total silver mined in all of history: 40 billion oz. @ $10/oz. http://snipurl.com/93j1
$376,000,000,000: Market Cap of Exxon Mobil (biggest U.S. Corp.) (8-05) http://finance.yahoo.com/q?s=XOM
$286,000,000,000: Debt of General Motors (biggest U.S. car company) Jan 2006
$149,000,000,000: US gold, 261 mil oz., @ $570/oz. http://tinyurl.com/vsr9
$110,000,000,000: all the world's gold stocks/equities (Sept. 25, 2005, Denver Gold Conference)
$75,000,000,000: Money flowed into Equity funds in the first quarter, 2004
$26,000,000,000: Market Cap of Newmont July '05 (biggest gold company in the world)
$8,226,000,000: all the world's "primary" silver stocks (80 of them on this list, as of June 25, 2004) --my own data.
$7,000,000,000: annual flow of money "lost" in Las Vegas while gambling.
$4,000,000,000: Total annual ATM penalty fees http://redtape.msnbc.com/2005/10/now_even_atm_de.html $13/year per household
$3,500,000,000: 350 mil oz. of "identifiable" silver bullion left in the entire world, according to GFMS @ $10/oz.
$1,300,000,000: 130 million oz. of silver needed by the Barclays Silver ETF: feared to cause a silver shortage by the SUA.
$720,000,000: 72 mil oz. of "registered" NYMEX silver bullion (1-05-05) @ $10/oz. http://www.nymex.com/sil_fut_wareho.aspx
$266,000,000: 40 million oz. of silver purchased for investment, in 2004 at $6.66/oz.
$75,000,000: Limit 7.5 mil oz. of silver @ $10/oz. (limit of 1500 contracts per trader) at NYMEX
$15,000,000: Limit 1.5 mil oz. of silver @ $10/oz. (potential 1 month delivery limit) at NYMEX
$7,500,000: Limit .75 mil oz. of silver @ $10/oz. (over 150 contracts and you must reveal who you are) at NYMEX
$100,000: Limit of FDIC insurance per bank account.
$5,000: Limit of average cash withdrawl from small town banks, without ordering cash in advance.
$300: Limit of average ATM daily withdrawl
$10: Approximate amount of silver available per person in the U.S. at $10/oz., given 300 million oz., if that is available.
Therefore, when you hear that billions and billions -
of dollars are going to be invested in -
the Gold and Silver stocks -
just know that's an understatement -
i believe in 1980, the total market cap of all Gold stocks -
was $1 trillion -
and the total market cap of all NYSE stocks was $1 trillion -
today, the figures are about $110 billion for Gold stocks -
and $21 trillion for NYSE stocks -
it's going to be a great decade for Gold and Silver
FMNJ - Investors.
i love the hard working people -
Potosi Brothers & Sisters -
wish to be down in Potosi -
La Virgen del Cerro -
San Miguel with the cross -
to give a hand -
don't like to be sitting on top of -
the San Andreas fault zone -
http://tinyurl.com/o44wh
Pray to keep it down! -
would prefer to be on top of -
Cerro Rico - San Miquel -
well, one nice day -
history repeat itself
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
The Potosi city, Cerro Rico Mtn. -
that once made Europe rich -
with the Real Gold & Silver money -
the Miners who live there are to survive -
Mining has always been Potosi’s lifeblood.
Modern prospecting technology has discovered -
that the mountain still contains at least as much silver -
as the Spaniards extracted from it.
The Bolivian government has invited FMNJ -
got the contract to mine it -
through to the heart of the ore-bearing rocks -
i love the hard working people -
wish to be down in Potosi to give a hand -
don't like to be sitting on top of this San Andreas -
fault zone -
http://tinyurl.com/o44wh
Praying to keep it down -
would prefer to be on top of Cerro Rico -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
The Potosi city, Cerro Rico Mtn. -
that once made Europe rich -
with the Real Gold & Silver money -
the Miners who live there are to survive -
Mining has always been Potosi’s lifeblood.
Modern prospecting technology has discovered -
that the mountain still contains at least as much silver -
as the Spaniards extracted from it.
The Bolivian government has invited FMNJ -
got the contract to mine it -
through to the heart of the ore-bearing rocks -
i love the hard working people -
wish to be down in Potosi to give a hand -
don't like to be sitting on top of this San Andreas -
fault zone -
http://tinyurl.com/o44wh
Praying to keep it down -
would prefer to be on top of Cerro Rico -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - RSI - Relative Strenghts Index Indicator -
RSI - Buy when prices diverge lower and RSI is rising -
FMNJ - TI - RSI - is in the most oversold LT & ST condition -
FMNJ - TI - RSI - Alert - Strong Buy
FMNJ - MACD - Ocillator -
FMNJ - TI - MACD - study calculates the difference between two
moving average -
FMNJ - TI - MACD - signal oversold - in the Strong buy zone -
FMNJ - Slow STO - Slow Stochastics -
FMNJ - TI - Slow STO - %D in the oversold zone -
below 20 - calling for a Strong Buy -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - RSI - Relative Strenghts Index Indicator -
RSI - Buy when prices diverge lower and RSI is rising -
FMNJ - TI - RSI - is in the most oversold LT & ST condition -
FMNJ - TI - RSI - Alert - Strong Buy
FMNJ - MACD - Ocillator -
FMNJ - TI - MACD - study calculates the difference between two
moving average -
FMNJ - TI - MACD - signal oversold - in the Strong buy zone -
FMNJ - Slow STO - Slow Stochastics -
FMNJ - TI - Slow STO - %D in the oversold zone -
below 20 - calling for a Strong Buy -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - RSI - Relative Strenghts Index Indicator -
RSI - Buy when prices diverge lower and RSI is rising -
FMNJ - TI - RSI - is in the most oversold LT & ST condition -
FMNJ - TI - RSI - Alert - Strong Buy
FMNJ - MACD - Ocillator -
FMNJ - TI - MACD - study calculates the difference between two
moving average -
FMNJ - TI - MACD - signal oversold - in the Strong buy zone -
FMNJ - Slow STO - Slow Stochastics -
FMNJ - TI - Slow STO - %D in the oversold zone -
below 20 - calling for a Strong Buy -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, lead us on the right way -
americano, is it time to go trough the roof? -
You are Blessed with knowledge -
Rhodium, calling to Gold to hold hand with Rh -
Silver, on its way to catch up with Au & Rh -
FMNJ - has it all - can't ask for anything better -
the city that once made Europe rich -
history often repeat itself -
Cerro Rico rich treasure chest will be found -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of un 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, lead us on the right way -
americano, is it time to go trough the roof? -
You are Blessed with knowledge -
Rhodium, calling to Gold to hold hand with Rh -
Silver, on its way to catch up with Au & Rh -
FMNJ - has it all - can't ask for anything better -
the city that once made Europe rich -
history often repeat itself -
Cerro Rico rich treasure chest will be found -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of un 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
The city that once made Europe rich -
the Miners who live there are to survive -
Mining has always been Potosi’s lifeblood.
Modern prospecting technology has discovered -
that the mountain still contains at least as much silver -
as the Spaniards extracted from it.
The Bolivian government has invited foreign firms -
to bid for the contract to mine it -
through to the heart of the ore-bearing rocks -
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007 -
http://tinyurl.com/ptbmq
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us -
are You?
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007 -
http://tinyurl.com/ptbmq
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us -
are You?
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007.
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us.
.
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver -
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007.
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal.
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us.
.
batting, FMNJ - May 23 said: Ore -
recovered from the first -
of our four assigned veins -
est. a price of $700 per ton -
TON MIN
681,464
Est. appr. $700/ton x 681,464 ton = $477,024,800.00
"The estimated gross revenue we can expect to recover -
from the first of our four assigned veins is $52,500 per day - when using a price of $700 per ton.
Our consultants expect this to be a conservative estimate
for each processing plant."
"Obtaining in this manner the Total Prospective Reserves -
for the San Miguel vein with the following values:
TON MIN DM Ag % Zn % Sn KF Ag TF Zn TF Sn
681,464 2.26 4.22 1.45 154,011 28,758 9,881"
In making today's announcement, Franklin Mining CEO Jaime Melgarejo added, "COMIBOL has offered four veins to our Joint Venture and commissioned separate reports for each. The other reports are expected soon. When all four reports have been reviewed and accepted, we intend to finalize terms of our Joint Venture and begin work."
Additional information for Franklin Mining, Inc. is available on our web site, www.franklinmining.com
Note. COMIBOL - Ore est. take it with a grain of salt -
very shallow drilling -
most often modern Hi-tech exploration i do expect more
richer discovery - better results further deeper down etc.
imo.
Franklin Releases Potential Production Capacity of First Cerro Rico Processing Plant
LAS VEGAS, NV, May 23, 2006 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has completed its estimate of potential production capacity from the first of several planned processing plants needed for mining operations at the Cerro Rico mine.
"The estimated gross revenue we can expect to recover from the first of our four assigned veins is $52,500 per day when using a price of $700 per ton. Our consultants expect this to be a conservative estimate for each processing plant."
Franklin, COMIBOL Joint Venture Is Structured to Revitalize Mining Operations at Historic Cerro Rico de Potosi
Market Wire, May, 2006
Franklin Mining, Inc.
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL for four veins of the Cerro Rico de Potosi, has been designed and structured in anticipation of returning this historic mine to full operations and enhancing multiple aspects of the local economy. Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to provide Broadband technology and services designed specifically to help improve mine safety was one of the first such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with COMIBOL is not yet fully defined. What is known is that the Cerro Rico, under COMIBOL's ownership, is considered the world's largest silver deposit. Dr. Adrian Boyce, Senior Research Fellow, Scottish Universities Environmental Research Centre in Glasgow, has written that the Cerro Rico's production has never been matched, having produced almost five times more silver than any other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly identified, is estimated to contain 154,011 Kilo of silver. Results from COMIBOL's three other analysis reports have not yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo confirmed FMNJ's position in Bolivia, "Our agreement with COMIBOL is to be their partner in their goal of returning the Cerro Rico to full production. With Franklin Mining, Bolivia providing capital and technology, with FEDECOMIN providing workers and with COMIBOL having assigned the Joint Venture its four veins, work is set to begin."
Three other foreign-owned mining operations in the Potosi area are also projected to make contributions to improving local economies. Coeur d'Alene Mines is projecting their San Bartolome operation will be online in 2007. Apex Silver Mines, Ltd has two projects including the multi-million dollar San Crisotbal. This multi-national project is expected to be operating by the third quarter, 2007.
Franklin, COMIBOL Joint Venture Is Structured to Revitalize Mining Operations at Historic Cerro Rico de Potosi
Mining is a crucial part of Bolivia's history and is playing a pivotal role in President Evo Morales' plan to reinvigorate the economy. Modern era silver mining of the Cerro Rico de Potosi has been ongoing since 1544 when the Conquistadores discovered the immense wealth. A study by Mark Abbott (Univ. of Pittsburgh's Dept. of Geology and Planetary Science) and Alexander Wolfe (Univ. of Alberta's Dept. of Earth and Atmospheric Sciences) published in the Sept. 26, 2003 issue of Science, concludes that New World metallurgy was under way as early as 1000 to 1200 A.D. Abbott and Wolfe believe these large scale smelting operations continued through early Colonial times (1400 to 1650 A.D.) and provide evidence of a major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council responsible for providing guidance and supervision to all Cooperatives Societies. COMIBOL is Bolivia's national mining company. Franklin Mining, Bolivia (a Bolivian corporation) is a subsidiary of Franklin Mining, Inc.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com . To receive future Franklin Mining news by e-mail, please send contact information to info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
To receive future company information via e-mail, please send your contact information to info@franklinmining.com .
Contact: Franklin Mining, Inc. Andrew Austin 619-334-5644 info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5391
http://www.investorshub.com/boards/quotes.asp?ticker=v.cmm
.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5391
http://www.investorshub.com/boards/quotes.asp?ticker=v.cmm
.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5391
http://www.investorshub.com/boards/quotes.asp?ticker=v.cmm
.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.'
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.'
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,'' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.''
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
02opida, FMNJ - billions of fiat dollars
are going to be invested in -
Gold and Silver stocks -
that's an understatement -
RE: When You hear that billions and billions of fiat dollars
are going to be invested in Gold and Silver stocks -
that's an understatement -
it was stated in 1980, the total market cap of all -
Gold stocks was $1 trillion -
and the total market cap of all -
NYSE stocks was $1 trillion -
today, the figures are only about
$110 billion for the Gold stocks -
and $21 trillion for NYSE stocks -
The historic comparison reflexion that's going to be
a great decade for Gold investors -
including FMNJ Gold & Silver Investors -
imo. Tia.
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - billions of fiat dollars
are going to be invested in -
Gold and Silver stocks -
that's an understatement -
When You hear that billions and billions of fiat dollars
are going to be invested in Gold and Silver stocks -
that's an understatement -
it was stated in 1980, the total market cap of all -
Gold stocks was $1 trillion -
and the total market cap of all -
NYSE stocks was $1 trillion -
today, the figures are only about
$110 billion for the Gold stocks -
and $21 trillion for NYSE stocks -
The historic comparison reflexion that's going to be
a great decade for Gold investors -
including FMNJ Gold & Silver Investors -
imo. Tia.
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano thank You, please tell us more -
RE: With my play figures 280 oz silver should be the real price of silver adjusted to inflation and the dollars lose of value. Silver will explode compared to gold prices, at some point.
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared. So much so
that one could take the pragmatic view that commodities et al
were “overbought” and therefore due for a correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators. There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets. The opening move in the central
banks’ repertoire was a gambit. This occurred, not
coincidentally, at the same time that commodity prices were
hitting new highs and gold was breaking out above $700 per
ounce. In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game. If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit. It is a desperate move to take control of
an inflationary environment where they may already have lost
control. For now the central banks have the initiative and are
on the attack. But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce. It peaked in May at
$730 per ounce.
Oil started the year at $61 per barrel. It peaked in May at $75
per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control. They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year. By mid-May, the housing market
was clearly in decline and interest rates were rising across the
yield curve. The financial markets and the economy were being
threatened. Inflation had to be stopped in its tracks, come hell
or high water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so) and
talk tough on inflation. They knew full well that such a move
would bring down global equity markets as well. But the stock
markets were likely doomed regardless. Better that they come
down when commodities, and particularly gold, are coming
down as well, than to have a broad market crash while gold
continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle. They wanted to ensure
that gold won’t be the place to hide when global liquidity takes
it on the chin and forces asset prices down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly. Recently we’ve seen the European Central Bank,
India, South Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade. Then came the tough talk on inflation by
the world’s central bankers. It was a mass chorus: a newfound
vigilance on inflation – it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack. The price of
gold is the outwardly public manifestation of inflation. By
bringing down gold it was hoped that other commodities would be
taken down as well, thus easing inflationary fears. But therein
lies the Achilles Heel of the central banks, and what will
ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things. As such, there is little they
can do to manipulate the markets for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit. Merely looking at the upper black
line, much has been made of the equity market turnaround in the
past three years. It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak. Nonetheless, it would
seem that copious amounts of Fed liquidity have successfully
reversed the ill-effects of the stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story. This line measures the performance of the S&P 500 in
inflation-adjusted Euros. Here the comeback has been much less
impressive. In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom, and
down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal. The S&P still looks like it’s in
freefall! Perhaps even more interestingly, the recent drubbing
of gold in the past month (resulting in an ever so slight uptick
in the S&P relative to gold) has hardly changed the picture at
all. The S&P is still down almost 60% from its peak relative
to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar. In spite of recent feather pluming on
inflation, we do not believe that central bankers are serious
about pulling the reins on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand. It only stands to reason that the
likelihood of shortages will only be greater at the
artificially-induced lower prices that the central banks want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely budged,
remaining in the $70 per barrel range in spite of the liquidity
scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared. So much so
that one could take the pragmatic view that commodities et al
were “overbought” and therefore due for a correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators. There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets. The opening move in the central
banks’ repertoire was a gambit. This occurred, not
coincidentally, at the same time that commodity prices were
hitting new highs and gold was breaking out above $700 per
ounce. In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game. If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit. It is a desperate move to take control of
an inflationary environment where they may already have lost
control. For now the central banks have the initiative and are
on the attack. But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce. It peaked in May at
$730 per ounce.
Oil started the year at $61 per barrel. It peaked in May at $75
per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control. They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year. By mid-May, the housing market
was clearly in decline and interest rates were rising across the
yield curve. The financial markets and the economy were being
threatened. Inflation had to be stopped in its tracks, come hell
or high water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so) and
talk tough on inflation. They knew full well that such a move
would bring down global equity markets as well. But the stock
markets were likely doomed regardless. Better that they come
down when commodities, and particularly gold, are coming
down as well, than to have a broad market crash while gold
continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle. They wanted to ensure
that gold won’t be the place to hide when global liquidity takes
it on the chin and forces asset prices down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly. Recently we’ve seen the European Central Bank,
India, South Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade. Then came the tough talk on inflation by
the world’s central bankers. It was a mass chorus: a newfound
vigilance on inflation – it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack. The price of
gold is the outwardly public manifestation of inflation. By
bringing down gold it was hoped that other commodities would be
taken down as well, thus easing inflationary fears. But therein
lies the Achilles Heel of the central banks, and what will
ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things. As such, there is little they
can do to manipulate the markets for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit. Merely looking at the upper black
line, much has been made of the equity market turnaround in the
past three years. It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak. Nonetheless, it would
seem that copious amounts of Fed liquidity have successfully
reversed the ill-effects of the stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story. This line measures the performance of the S&P 500 in
inflation-adjusted Euros. Here the comeback has been much less
impressive. In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom, and
down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal. The S&P still looks like it’s in
freefall! Perhaps even more interestingly, the recent drubbing
of gold in the past month (resulting in an ever so slight uptick
in the S&P relative to gold) has hardly changed the picture at
all. The S&P is still down almost 60% from its peak relative
to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar. In spite of recent feather pluming on
inflation, we do not believe that central bankers are serious
about pulling the reins on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand. It only stands to reason that the
likelihood of shortages will only be greater at the
artificially-induced lower prices that the central banks want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely budged,
remaining in the $70 per barrel range in spite of the liquidity
scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold and Silver will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared. So much so
that one could take the pragmatic view that commodities et al
were “overbought” and therefore due for a correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators. There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets. The opening move in the central
banks’ repertoire was a gambit. This occurred, not
coincidentally, at the same time that commodity prices were
hitting new highs and gold was breaking out above $700 per
ounce. In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game. If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit. It is a desperate move to take control of
an inflationary environment where they may already have lost
control. For now the central banks have the initiative and are
on the attack. But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce. It peaked in May at
$730 per ounce.
Oil started the year at $61 per barrel. It peaked in May at $75
per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control. They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year. By mid-May, the housing market
was clearly in decline and interest rates were rising across the
yield curve. The financial markets and the economy were being
threatened. Inflation had to be stopped in its tracks, come hell
or high water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so) and
talk tough on inflation. They knew full well that such a move
would bring down global equity markets as well. But the stock
markets were likely doomed regardless. Better that they come
down when commodities, and particularly gold, are coming
down as well, than to have a broad market crash while gold
continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle. They wanted to ensure
that gold won’t be the place to hide when global liquidity takes
it on the chin and forces asset prices down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly. Recently we’ve seen the European Central Bank,
India, South Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade. Then came the tough talk on inflation by
the world’s central bankers. It was a mass chorus: a newfound
vigilance on inflation – it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack. The price of
gold is the outwardly public manifestation of inflation. By
bringing down gold it was hoped that other commodities would be
taken down as well, thus easing inflationary fears. But therein
lies the Achilles Heel of the central banks, and what will
ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things. As such, there is little they
can do to manipulate the markets for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit. Merely looking at the upper black
line, much has been made of the equity market turnaround in the
past three years. It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak. Nonetheless, it would
seem that copious amounts of Fed liquidity have successfully
reversed the ill-effects of the stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story. This line measures the performance of the S&P 500 in
inflation-adjusted Euros. Here the comeback has been much less
impressive. In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom, and
down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal. The S&P still looks like it’s in
freefall! Perhaps even more interestingly, the recent drubbing
of gold in the past month (resulting in an ever so slight uptick
in the S&P relative to gold) has hardly changed the picture at
all. The S&P is still down almost 60% from its peak relative
to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar. In spite of recent feather pluming on
inflation, we do not believe that central bankers are serious
about pulling the reins on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand. It only stands to reason that the
likelihood of shortages will only be greater at the
artificially-induced lower prices that the central banks want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely budged,
remaining in the $70 per barrel range in spite of the liquidity
scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared. So much so
that one could take the pragmatic view that commodities et al
were “overbought” and therefore due for a correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators. There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets. The opening move in the central
banks’ repertoire was a gambit. This occurred, not
coincidentally, at the same time that commodity prices were
hitting new highs and gold was breaking out above $700 per
ounce. In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game. If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit. It is a desperate move to take control of
an inflationary environment where they may already have lost
control. For now the central banks have the initiative and are
on the attack. But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce. It peaked in May at
$730 per ounce.
Oil started the year at $61 per barrel. It peaked in May at $75
per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control. They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year. By mid-May, the housing market
was clearly in decline and interest rates were rising across the
yield curve. The financial markets and the economy were being
threatened. Inflation had to be stopped in its tracks, come hell
or high water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so) and
talk tough on inflation. They knew full well that such a move
would bring down global equity markets as well. But the stock
markets were likely doomed regardless. Better that they come
down when commodities, and particularly gold, are coming
down as well, than to have a broad market crash while gold
continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle. They wanted to ensure
that gold won’t be the place to hide when global liquidity takes
it on the chin and forces asset prices down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly. Recently we’ve seen the European Central Bank,
India, South Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade. Then came the tough talk on inflation by
the world’s central bankers. It was a mass chorus: a newfound
vigilance on inflation – it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack. The price of
gold is the outwardly public manifestation of inflation. By
bringing down gold it was hoped that other commodities would be
taken down as well, thus easing inflationary fears. But therein
lies the Achilles Heel of the central banks, and what will
ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things. As such, there is little they
can do to manipulate the markets for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit. Merely looking at the upper black
line, much has been made of the equity market turnaround in the
past three years. It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak. Nonetheless, it would
seem that copious amounts of Fed liquidity have successfully
reversed the ill-effects of the stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story. This line measures the performance of the S&P 500 in
inflation-adjusted Euros. Here the comeback has been much less
impressive. In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom, and
down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal. The S&P still looks like it’s in
freefall! Perhaps even more interestingly, the recent drubbing
of gold in the past month (resulting in an ever so slight uptick
in the S&P relative to gold) has hardly changed the picture at
all. The S&P is still down almost 60% from its peak relative
to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation. The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have been fundamentally unsound and this is being
reflected in the value of the dollar. In spite of recent feather pluming on inflation, we do not believe that central
bankers are serious about pulling the reins on inflation at any cost. They may talk the talk, but when push
comes to shove they won’t be able to walk the walk. Historically, central bankers have been chronic debasers
of money over time. They are addicted to money-induced asset bubbles. Although the central banks don’t
mind seeing gold and commodity prices crash, history shows that they have a soft spot for equity and housing
markets. Nary has a crash ever occurred in these areas without the central banks turning on the spigots. We
highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately backfire, as all orchestrated market
manipulations do. Not only is gold now cheaper to buy, but its underlying fundamentals (shortage of supply
versus demand) remain as favourable as ever. Furthermore, high prices in other major commodities have
failed to impede demand. It only stands to reason that the likelihood of shortages will only be greater at the
artificially-induced lower prices that the central banks want. Although the correction was a painful one (as it
was intended to be), we believe the long term trend for commodities remains intact. It is also worth noting that
the price of oil has barely budged, remaining in the $70 per barrel range in spite of the liquidity scare.
One thing that central bank maneuvers have caused is a crash in global equity markets.
If a financial crisis were to ensue as a result, we believe gold will once again shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the past month or so - what may be happening in these rather turbulent times.
Given the violence of the recent market correction, investors cannot be blamed for
believing that a global meltdown is taking place, the brunt of which is being felt in the sectors that have
heretofore performed the best; i.e., commodities, energy, and gold. There can be no denying that the first
quarter was a “great year” for commodity investors. Commodity prices, and commodity equities, soared. So
much so that one could take the pragmatic view that commodities et al were “overbought” and therefore due for
a correction. However, we are of the belief that there are greater machinations at work beneath the surface
than mere technical indicators. In our view, there is a chess game of paramount importance being played that
is driving current market conditions... at least in the short term.
The game of chess in question pits the world’s central banks against the “free” markets. The opening move in
the central banks’ repertoire was a gambit. This occurred, not coincidentally, at the same time that commodity
prices were hitting new highs and gold was breaking out above $700 per ounce. In chess parlance, a gambit is
a ruse or trick in the form of a sacrifice of material (usually a pawn) with the hope of gaining a decisive
advantage in space and time early in the game. If this advantage isn’t made to count (i.e. the bankers’ initiative
peters out), then the market’s advantage in material will eventually win the day. We’ll call this opening the
Central Bank Gambit. It is a desperate move to take control of an inflationary environment where they may
already have lost control. For now the central banks have the initiative and are on the attack. But if the
markets are able to hang on, then they will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may ask? It goes without saying that it has been of
no small concern to the central banks that commodities have had a spectacular run in the first four and a half
months of the year. Gold started the year at $515 per ounce. It peaked in May at $730 per ounce. Oil started
the year at $61 per barrel. It peaked in May at $75 per barrel. Copper: $2.06 per pound at the start of the year,
almost $4 per pound in May. Silver: $8.80 per ounce at the start of the year, $15.20 per ounce in May. This is
on top of gains enjoyed since the commodity bull market began in earnest in 2001. Using the CRB Index as a
proxy, commodities as a whole have doubled in that time and some of the major commodities, such as oil,
copper, and iron ore, have done far better than that. This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with hardly an exception. In every which way it was
reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs continue while at the same time claiming that inflation
was under control. They realized that something had to be done. Based on the latest inflation , annualized
inflation is running in excess of 5% so far this year. By mid-May, the housing market was clearly in decline and
interest rates were rising across the yield curve. The financial markets and the economy were being
threatened. Inflation had to be stopped in its tracks, come hell or high water. In many ways it was a desperate
move – a gambit. They had to reign in liquidity (or at least appear to do so) and talk tough on inflation. They
knew full well that such a move would bring down global equity markets as well. But the stock markets were
likely doomed regardless. Better that they come down when commodities, and particularly gold, are coming
down as well, than to have a broad market crash while gold continues to soar. The central banks wanted to
preemptively discredit gold as the “flight to safety” investment vehicle. They wanted to ensure that gold won’t
be the place to hide when global liquidity takes it on the chin and forces asset prices down.
That was the move envisioned, not just by the Federal Reserve, but by central banks around the world. The
central banks conspired to raise rates in tandem, some unexpectedly. Recently we’ve seen the European
Central Bank, India, South Korea, South Africa, Turkey, Denmark, Thailand, and Switzerland all raise interest
rates within days of each other. Japan proclaimed the imminent end of “quantitative easing” and the Yen carry
trade. Then came the tough talk on inflation by the world’s central bankers. It was a mass chorus: a newfound
vigilance on inflation – it must be quelled at all cost. The primary target: gold.
Gold took the brunt of the central banks’ attack. The price of gold is the outwardly public manifestation of
inflation. By bringing down gold it was hoped that other commodities would be taken down as well, thus easing
inflationary fears. But therein lies the Achilles Heel of the central banks, and what will ultimately prove their
gambit to be unsound. Under a fiat currency system, the central banks are the undisputed masters of paper…
but they are rather impotent when it comes to controlling the market for “real” things. As such, there is little they
can do to manipulate the markets for things like oil and copper – the markets for these commodities are just too
big. Oil, for example, trades to the tune of six billion dollars per day and is too large for central banks to have
any say over. The market for gold, on the other hand, is only 1/30th the size and the easiest commodity to
manipulate in the short term. Furthermore, the central banks still have some gold in their vaults as added
ammunition. So the game plan was simple: hammer gold and cause a selling panic in all commodities.
Although some kind of correction may have been expected in commodities given the magnitude of their
escalation in such a short period of time, the violence of it was orchestrated and in every which way intended
and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the Central Bank Gambit. Merely looking at the upper black
line, much has been made of the equity market turnaround in the past three years. It appears to be up 50%
from the bottom; albeit, still down 18% from its 2000 peak. Nonetheless, it would seem that copious amounts of
Fed liquidity have successfully reversed the ill-effects of the stock market crash of 2000. Chalk one up for
monetary policy!
The blue line, on the other hand, tells an altogether different story. This line measures the performance of the
S&P 500 in inflation-adjusted Euros. Here the comeback has been much less impressive. In fact, there has
hardly been a comeback at all. This is the performance that a foreign investor might see. A US equity market
that is still flailing along the bottom, and down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line in the above chart), the performance of the US
stock market has been even more dismal. The S&P still looks like it’s in freefall! Perhaps even more
interestingly, the recent drubbing of gold in the past month (resulting in an ever so slight uptick in the S&P
relative to gold) has hardly changed the picture at all. The S&P is still down almost 60% from its peak relative
to gold.
So has the Fed, through easy monetary policy, successfully fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no. This goes to show that the Fed is in a box when it comes to
manipulating markets. It is unable to prop up the markets relative to “real” things, regardless of how much
liquidity it provides and how much money it prints. Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation. The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have been fundamentally unsound and this is being
reflected in the value of the dollar. In spite of recent feather pluming on inflation, we do not believe that central
bankers are serious about pulling the reins on inflation at any cost. They may talk the talk, but when push
comes to shove they won’t be able to walk the walk. Historically, central bankers have been chronic debasers
of money over time. They are addicted to money-induced asset bubbles. Although the central banks don’t
mind seeing gold and commodity prices crash, history shows that they have a soft spot for equity and housing
markets. Nary has a crash ever occurred in these areas without the central banks turning on the spigots. We
highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately backfire, as all orchestrated market
manipulations do. Not only is gold now cheaper to buy, but its underlying fundamentals (shortage of supply
versus demand) remain as favourable as ever. Furthermore, high prices in other major commodities have
failed to impede demand. It only stands to reason that the likelihood of shortages will only be greater at the
artificially-induced lower prices that the central banks want. Although the correction was a painful one (as it
was intended to be), we believe the long term trend for commodities remains intact. It is also worth noting that
the price of oil has barely budged, remaining in the $70 per barrel range in spite of the liquidity scare.
One thing that central bank maneuvers have caused is a crash in global equity markets.
If a financial crisis were to ensue as a result, we believe gold will once again shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
One of the most important investment principles -
that i've ever discovered is this -
Smaller investors have the greatest advantage of all -
because they can grow their money the quickest -
but big money grows the slowest -
In other words - acorns can grow into big oak trees -
but big trees cannot grow to the moon -
ex. Issac grew his wealth 100 fold in one single year -
from simple farming -
Isaac planted crops in that land and the same year -
reaped a hundredfold, because the LORD blessed him -
Large investors, on the other hand, have great difficulty -
growing so fast, or outperforming the market -
Gold & Silver - Frontunner Rhodium + $550 -
$5000 per ounce -
calling on Gold to come along -
- showing PM a clear road to GO Higher -
To be at the right place - at the right time -
to a strategic bargain price -
The Gold and Silver will continue its -
Bullish Long Term Trend -
Most of all Franklin Mines Rich Resources -
The old Franklin Gold and Silver Mines -
are intact in the safest safety box -
the ore values have increased the FMNJ LT -
Real Assets Values of Gold & Silver Resources -
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
Note. often great Gold Mines stock increase -
many times faster than the bullion price -
Fundamental Analysis of Gold, Silver -
and base metal shares appear soon -
to be beginning the next up leg -
of the bull market, which suggests -
considerably higher prices -
are in the offing -
analysis based on reflexion -
of the past - historic -
often repeat -
Fundamentally that's the reason -
for this review appraisal -
Technical analysis gives no consideration -
to the fundamental analysis -
Technicians believe that future economic -
and fundamental news is already reflected -
in the price and volume characteristics -
displayed on a chart -
well, there does seem to be a fundamental -
reason to support this technical appraisal -
during the last Kondratieff winter -
a world currency crisis developed -
following Austria's defection in -
early 1931 from -
The International Gold Standard system.
Then, every currency became suspect -
because every country was printing money -
in an effort to offset the ravages -
of deflation.
At that time any country's Gold -
could be exchanged -
for its currency at a fixed POG -
Gold price.
With all the monetary expansion - the Gold -
became the money of choice.
After Austria and Germany succumbed -
speculators eyed the next country's -
currency that might be forced off -
The Gold Standard.
They swapped that country's currency -
for its - Gold.
So it was that the mighty British pound -
came under attack.
The loss of its gold forced Britain off -
The Gold Standard - in September 1931.
It didn't stop there.
The next suspect currency was the dollar.
Although the US was the world's largest -
creditor nation -
so many dollars had been printed -
to offset the Depression -
that American Gold -
was much preferred -
to American paper.
Shortly before he left office, President Hoover -
was advised by his Secretary of the Treasury -
that the US Treasury was running out of - Gold.
As most people had expected, the response of
President Hoover's successor - President Roosevelt -
was to effectively take America off -
The Gold Standard System -
within a month of his inauguration.
This spelled the final collapse of -
The International Monetary System.
Fast forward to today in the present -
Kondratieff winter where a similar currency crisis -
is in the making.
All currencies are suspect.
Just too much paper money has been created to fight -
this Kondratieff winter.
Gold is becoming the money of choice as it was -
in the 1930s? -
i actually think that for some time during last rally -
You could argue that Gold is genuinely benefiting -
from concerns people have about currencies -
unlike the 1930s, the price of Gold POG - is not fixed -
and so its price must increase as demand rises -
particularly in the face of declining supply -
and that is what the charts are telling us -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006 is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
One of the most important investment principles -
that i've ever discovered is this -
Smaller investors have the greatest advantage of all -
because they can grow their money the quickest -
but big money grows the slowest -
In other words - acorns can grow into big oak trees -
but big trees cannot grow to the moon -
ex. Issac grew his wealth 100 fold in one single year -
from simple farming -
Isaac planted crops in that land and the same year -
reaped a hundredfold, because the LORD blessed him -
Large investors, on the other hand, have great difficulty -
growing so fast, or outperforming the market -
Gold & Silver - Frontunner Rhodium + $550 -
$5000 per ounce -
calling on Gold to come along -
- showing PM a clear road to GO Higher -
To be at the right place - at the right time -
to a strategic bargain price -
The Gold and Silver will continue its -
Bullish Long Term Trend -
Most of all Franklin Mines Rich Resources -
The old Franklin Gold and Silver Mines -
are intact in the safest safety box -
the ore values have increased the FMNJ LT -
Real Assets Values of Gold & Silver Resources -
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
Note. often great Gold Mines stock increase -
many times faster than the bullion price -
Fundamental Analysis of Gold, Silver -
and base metal shares appear soon -
to be beginning the next up leg -
of the bull market, which suggests -
considerably higher prices -
are in the offing -
analysis based on reflexion -
of the past - historic -
often repeat -
Fundamentally that's the reason -
for this review appraisal -
Technical analysis gives no consideration -
to the fundamental analysis -
Technicians believe that future economic -
and fundamental news is already reflected -
in the price and volume characteristics -
displayed on a chart -
well, there does seem to be a fundamental -
reason to support this technical appraisal -
during the last Kondratieff winter -
a world currency crisis developed -
following Austria's defection in -
early 1931 from -
The International Gold Standard system.
Then, every currency became suspect -
because every country was printing money -
in an effort to offset the ravages -
of deflation.
At that time any country's Gold -
could be exchanged -
for its currency at a fixed POG -
Gold price.
With all the monetary expansion - the Gold -
became the money of choice.
After Austria and Germany succumbed -
speculators eyed the next country's -
currency that might be forced off -
The Gold Standard.
They swapped that country's currency -
for its - Gold.
So it was that the mighty British pound -
came under attack.
The loss of its gold forced Britain off -
The Gold Standard - in September 1931.
It didn't stop there.
The next suspect currency was the dollar.
Although the US was the world's largest -
creditor nation -
so many dollars had been printed -
to offset the Depression -
that American Gold -
was much preferred -
to American paper.
Shortly before he left office, President Hoover -
was advised by his Secretary of the Treasury -
that the US Treasury was running out of - Gold.
As most people had expected, the response of
President Hoover's successor - President Roosevelt -
was to effectively take America off -
The Gold Standard System -
within a month of his inauguration.
This spelled the final collapse of -
The International Monetary System.
Fast forward to today in the present -
Kondratieff winter where a similar currency crisis -
is in the making.
All currencies are suspect.
Just too much paper money has been created to fight -
this Kondratieff winter.
Gold is becoming the money of choice as it was -
in the 1930s? -
i actually think that for some time during last rally -
You could argue that Gold is genuinely benefiting -
from concerns people have about currencies -
unlike the 1930s, the price of Gold POG - is not fixed -
and so its price must increase as demand rises -
particularly in the face of declining supply -
and that is what the charts are telling us -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006 is:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
02opida, thank You,
take a look at one of the richest
historic Gold & Silver Mines in Utah -
http://www.investorshub.com/boards/board.asp?board_id=177
RE: Unico, Inc. - NEWS - Deer Trail Gold & Silver Mines -
Gold Frontunner Rhodium + $550 - $5000 per ounce -
calling on Mother Gold to come along -
- showing her a clear road to GO Higher -
UNCN - try the link its to Gold & PM -
http://www.investorshub.com/boards/board.asp?board_id=177
Get in at the right time at the right place -
to strategic bargain price -
Best Regards
Bob
Franklin Mining - FMNJ - News Market Conference -
http://www.mn1.com/press_conferences.html
Good Morning, don't forget to turn into
Franklin Mining - FMNJ -
News Market Conference -
http://www.mn1.com/press_conferences.html
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.investorshub.com/boards/board.asp?board_id=2957
Franklin Mining - Est. 1864 -
has old rich Gold and Silver Mines in Colorado -
and got into Cerro Rico -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 500 years.
Franklin will make Cerro Rico
great again -
Please, let your friends now -
send them a message -
don't forget to turn into Franklin Mining -
FMNJ -
News Market Conference - get in now -
http://www.mn1.com/press_conferences.html
Tia.
Bob
Good Morning 02opida,
don't forget to turn into Franklin Mining - FMNJ -
News Market Conference -
http://www.mn1.com/press_conferences.html
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.investorshub.com/boards/board.asp?board_id=2957
Franklin Mining - Est. 1864 -
has old rich Gold and Silver Mines in Colorado -
and got into Cerro Rico -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 500 years.
Franklin will make Cerro Rico
great again -
don't forget to turn into Franklin Mining - FMNJ -
News Market Conference - get in now -
http://www.mn1.com/press_conferences.html
Tia.
Bob
FMNJ with the worlds richest Silver Mine -
Franklin Mining, Inc. *** NEWS ***
FMNJ - Will Be Featured Live on MN1.com -
Franklin Mining, Inc. Will Be Featured Live on MN1.com
Franklin Mining, Inc.
(FMNJ) will conduct a live press conference -
on www.MN1.com at 11:30 a.m. Central Time, Wednesday,
June 21st, 2006.
Interested parties may go to -
http://www.mn1.com/members/modules.php?name=News&file=article&sid=2884
http://www.MN1.com
and listen in for management's review of operations -
and discussion of future prospects.
This live broadcast is available to anyone -
at any computer connected to the internet -
and should prove to be an eye-opening -
and enriching experience for all -
of those associated with -
Franklin Mining, Inc.
About MN1.com
Market News First is the only online destination -
that brings real microcap news to investors -
and features live interaction with companies -
from the Bulletin Board, Pink Sheets, and Amex.
Featuring Live Press Conferences -
All-Day Live Trading Commentary, Analyst Profiles -
Interactive Forums, News Items, and
"The MicroBlog," MN1.com -
gives microcap investors the information source -
necessary to trade in the markets.
MN1.com boasts being the largest true news company -
reporting on microcap traded stocks.
About Franklin Mining, Inc.
(PINKSHEETS: FMNJ)
Franklin Mining, Inc. is engaged in the exploration,
development and mining of precious and nonferrous metals,
including gold, silver, lead, copper and zinc.
The company owns or has an interest in a number of precious
and nonferrous metal properties and is presently -
negotiating for development of a fuel plant -
in Bolivia.
Franklin Mining, Bolivia S.A. -
and Franklin Oil & Gas, Bolivia S.A. -
(Bolivian corporations) are subsidiary companies of -
Franklin Mining, Inc.
For additional information on Franklin Mining, Inc.,
please visit our web-site,
http://www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Franklin Mining Inc.
Source: Market Wire (June 20, 2006 - 7:59 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj&qm_page=8221&qm_symbol=FMNJ
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold & Silver -
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.