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old yeller starting to run. go or i eat u
got your rubbers on!!!
The key to running the short position for any junior starts with success on the ground. A junior must move to the producer category if it is going to hang the shorts out to dry. If the junior cannot make this leap then it will not fly with the eagles. However that alone is not enough.
The management of your junior gold producer will have to work for their shareholders. This is what Durban Deep did in the late 1960s and Homestake in the 1930s. That is why Durban Deeps went from $0.36 to $36.00. It is also why Homestake was the shining example in gold during the 1930s. Homestake's strategy was to dividend out a huge majority of its net profits to their shareholders.
It did not hurt that the Hearst family was a major stockholder in Homestake. But even today that is simply not enough.
The junior has to dividend something to its shareholders that the short does not want. A good example of this, albeit in a different market sector, was Canada's Schenley Distilleries in the 1940s. Schenley offered a dividend to shareholders in cash or in warehouse receipts for deliverable whiskey.
Applying the Schenley example to the junior gold producer, such a company could offer their shareholders dividends in cash or gold bullion much like Durban Deep and Homestake did in the past. Now the party shorting the junior producer will also be short of gold bullion in various amounts according to the wishes of the shareholder of the company.
There is no way to beat these destroyers of wealth other than to strategize retaliatory actions within a historical context - perhaps adding a Schenley wrinkle.
Send this to your junior mining and exploration company management. You will find out fast if the management is working for themselves or the shareholders.
This is where the rubber will meet the road in 2011 and thereafter.
Jim Sinclair
got your rubbers on!!!!!!!!!!
The key to running the short position for any junior starts with success on the ground. A junior must move to the producer category if it is going to hang the shorts out to dry. If the junior cannot make this leap then it will not fly with the eagles. However that alone is not enough.
The management of your junior gold producer will have to work for their shareholders. This is what Durban Deep did in the late 1960s and Homestake in the 1930s. That is why Durban Deeps went from $0.36 to $36.00. It is also why Homestake was the shining example in gold during the 1930s. Homestake's strategy was to dividend out a huge majority of its net profits to their shareholders.
It did not hurt that the Hearst family was a major stockholder in Homestake. But even today that is simply not enough.
The junior has to dividend something to its shareholders that the short does not want. A good example of this, albeit in a different market sector, was Canada's Schenley Distilleries in the 1940s. Schenley offered a dividend to shareholders in cash or in warehouse receipts for deliverable whiskey.
Applying the Schenley example to the junior gold producer, such a company could offer their shareholders dividends in cash or gold bullion much like Durban Deep and Homestake did in the past. Now the party shorting the junior producer will also be short of gold bullion in various amounts according to the wishes of the shareholder of the company.
There is no way to beat these destroyers of wealth other than to strategize retaliatory actions within a historical context - perhaps adding a Schenley wrinkle.
Send this to your junior mining and exploration company management. You will find out fast if the management is working for themselves or the shareholders.
This is where the rubber will meet the road in 2011 and thereafter.
Jim Sinclair
This is not rocket science: gold going straight up since y-2k. headed for a b.i.s. reset at 4,222.00 oz. If you have any gold in ground you'll make money..
yuan/yen/ruble/au/euro basket coming
This co should be trading over .60 that is why no split.
land cattle gold silver:
OUR LAND - COLLATERAL FOR THE NATIONAL DEBT
"I consider Wayne Hage one of the most intelligent men I ever met. On our very first visit he was explaining the World Bank, the International Monetary fund and how the world bankers planned on collateralizing the world debt with land. Not just the U.S. national debt, but the “WORLD” debt. A listener sent me a copy of a report of the FOURTH WORLD WILDERNESS CONGRESS, which was held in Denver in 1987. Over 1500 people from sixty countries were told that wilderness lands were to protect the reindeer, the spotted owl and other endangered species. Ninety percent of the group consisted of conservationists, ecologists, government and United Nations bureaucrats. The other ten percent were world banking heavyweights, such as David Rockefeller of Chase Manhattan Bank, London banker Edmund de Rothschild and the Secretary of the U.S. Treasury, James Baker, who gave the keynote address. George W. Hunt, an investment councilor, served as official host and sat in on all the meetings. It was George Hunt that wrote the report from which I have gleaned much of my information.
During the first three days, the group was told that the WILDERNESS CONGRESS was about beating the ozone deterioration and bringing the rain forests back. The following days were closed to the public. With only the bankers in attendance the topics discussed centered around the creation of a “WORLD CONSERVATION BANK” with collateral being derived from receipt of wilderness properties throughout the world. This bank would have central bank powers similar to the Federal Reserve."
http://www.newswithviews.com/brownfield/brownfield59.htm "
haahahah.. go mxgd....
http://www.xtranormal.com/watch/7676559/
we will flood the au stocks...... pennies create h.f.t.
gozillion trades coming
nano nano it and end of story.
hahahahaa... do u get it yet!!!!!!!!!!!
http://www.xtranormal.com/watch/7676559/
just raised mgr requirements 2nd time on silver. it's gonna blow
carry trades and how u r affected:
As the domestic currency of the nation falls in value due to the slowdown in demand, the cost of many goods in that nation begin to rise for two reasons:
First – investors move to protect the value of their wealth and shelter it against the fall in the currency in which their holdings are denominated. That is what is currently happening with the commodity markets. Those things which will tend to retain their value are sought out and purchased.
Second – weakness in the currency leads to a rise in the price of all imported goods as it now requires additional units of that currency to secure the same amount of foreign goods.
These two items are where the inflationary effect of QE arises.
One other issue that this article fails to consider is the role of speculators. Any analysis of QE impact that does not take into account the speculator is deficient. This role is closely related to the fact that investors will look to protect their assets from a decline in the currency but it goes a step further. Speculators will look to profit from the weakness in the QE currency by using it to fund a “carry trade”. This involves borrowing that currency, because of the extremely low interest rates, and then leveraging that borrowed money into trades that allow for maximum gains. For example, if one can borrow $1 billion at 0.5% and then invest that into a trade that yields 2.0%, they have just secured a gain of 1.5%.
QE feeds the carry trade frenzy by guaranteeing that the funding currency will not rise in value, which if it did, would offset any potential gain made by the trade. It does this because the money borrowed is then sold or exchanged in order to allow the borrower to make the purchase of other assets which are denominated in a different currency. For example – those speculators who wish to buy Brazilian equities as part of their carry trade must first borrow the newly created dollars, then take those dollar and exchange or SELL them for reals which can then be used to buy the Brazilian equities. This tends to keep additional pressure on the funding currency because the additional supply being created eats through the demand. One has only to look back at the Japanese Yen chart from a few years ago to see how the carry trade can lower the value of a currency.
The carry trade then works to jam higher the price of those assets which are the recipients of leveraged buying which tends to feed into the inflationary impact of points one and two mentioned above.
Perversely enough, the effect of these rising prices on tangible assets, particularly food and energy, can have the effect of actually stalling economic growth since consumers in those nations are forced to deal with the effect of the weakening currency as they must now pay higher prices for the essentials of life and have less income left over for discretionary spending.
Hopefully, this will help you to understand why this course of action is so fraught with danger. I get the distinct impression from reading the article that all of the commotion in the markets is nothing but a mere tempest in a tea pot and all of us are worried for no reason whatsoever. Meanwhile, while we needn’t worry, the Dollar has dropped 12% in value since the summer of this year. The only thing that has kept it from collapsing further is that the Euro is not any better. Any wonder why gold is staying so strong?
more fuel for cgfia's future....
nano gold.....................
http://inhabitat.com/2010/11/10/gold-nanoparticles-could-transform-trees-into-street-lights/
looking for .o1 today....
Harry Schultz:
The legendary Harry Schultz last night…
Start GoldChartsRUs with this article:
Preamble by Uncle Harry: Yesterday, Nov 8, 2010 was a day I’ve awaited for 40years, since Pres. Nixon shut down the last vestiges of the gold standard. But, yesterday, at last, a respected member of the ruling classes, called for a discussion to readopt a modified global gold standard as a lynchpin for the monetary system. Robert Zoellick, World Bank president & a former US Treasury official, says a new system is needed (as called for in HSL for 20yrs), using 5 main currencies, with gold as the int’l reference point for future currency values. He wondrously said "Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today." I couldn’t have put it better, & in fact I have put it in those exact words, as has Jim Sinclair & a number of free mkt analysts.
I started following schultz in 1962 and have been a gold member since then.
not about doubt... bric nations r running away from u.s.a. which is now a 3rd world nation. Harley moves to india....
b.i.s. will reset gold...
u.s. has more problems with oil going to 200.00+ over next 5-6 years....
anyone doubt gold will not hit 4,222.00.........
it's coming!!!!!!!!!!!!!!!!!!!!!!!!
http://ttheory.typepad.com/files/sanjeevltgold-adjusted.pdf
it is coming!!!!!!!!!!!!!!!!!!!!!!!! for real!!!!!!!!!!!!!!!!!
http://www.shtfplan.com/headline-news/internet-abuzz-as-atms-stop-working-prelude-to-a-bank-holiday_11082010
it's coming!!!!!!!!!!!!!!1
http://www.marketoracle.co.uk/Article14996.html
Bank holiday before end of next week.
http://www.reuters.com/article/idUSTRE6A75EW20101108
it's coming... gold 4,222.00 soon!!!!!!!!!!!!!!!
http://www.ft.com/cms/s/0/eda8f512-eaae-11df-b28d-00144feab49a.html#axzz14eL7sku6
This will go higher than atadf, which u should have also bought...target on cgfia over 12.00 b 4 2012.
golden jackass is link.
"The pressured bank stock index breakdown will be led by Bank of America, HSBC, and Wells Fargo. The Wall Street firms remain protected bastions. The comprehensive fraud in a chain link, from home loan origination to bond securitization to debt ratings to ultimate foreclosure, reveals a corrupt protected broken bankrupt system. Its financial status will be clearly broken soon in full view. Further accounting fraud sanctioned by the FASB might come about, but the date with the destiny of failure is assured. My best source from the banking world believes the wheels come completely off the renegade wagon train that blocks the free market for determining a fair gold price when HSBC fails, and that event is imminent. That renegade wagon train has trademarks bearing the name USGovt and Wall Street nameplates, a merged enterprise. A chain reaction will follow. HSBC manages the SPDR gold exchange traded fund for its gold bullion inventory (symbol GLD). To those who were shocked by the mortgage fraud, wait until they witness the broken suppression levers and devices holding down the gold market. An estimated 50 to 60 thousand tonnes of gold bullion have been naked shorted by the biggest banks. Its value is worth between $2.16 and $2.60 trillion. Wait until the GLD fund lawsuits line up, since most of their gold has been leased by the COMEX and LBMA, since many of its shares have been used to cover short gold contracts."
It's time to move forward!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.smh.com.au/executive-style/luxury/you-chose-gold-bar--please-insert-11350-20101022-16xs5.html
why gold is going up and $ down. It is because they have closed off the spot metals mkts for trading.. and have cut the u.s. mkts leverage on all currency trading... and
the giant fraud continues...
http://www.washingtonsblog.com/2010/10/what-is-mers-and-what-role-does-it-have.html
the bankers are going to hang now, listen to max keiser...
only hope is gold backed $$$$$$$$$$$$$$$$$..
http://www.telegraph.co.uk/finance/currency/8052729/George-Soros-warns-China-of-global-currency-war.html
comrades we will come for you...
http://www.pbc.gov.cn/publish/english/963/index.html
gold!!!!!!!!!!!!!!!!!!!!!!!
http://jsmineset.com/
Politicians love fiat currencies and Keynesian Economics, which teach there is no need to back a currency with precious metals. Politicians don't like a gold, or silver, standard because it makes them accountable to the people. This is why Keynesian Economics is taught in all the schools. To afford all their debt schemes, they must have a fiat currency they can abuse at will-which is exactly what has happened in the U.S. for the past 39 years and why we find ourselves in such a tenuous situation. The financial consequences can be the catalyst for the real changes that must occur to send us into the next age of wonder and prosperity.
How high are these metals going to go? It's anybody's guess; but, when you look back to the late 1970s that drive metals prices to their peaks in early 1980, it pales in comparison to what we're dealing with now. If you inflation-adjust-with real numbers not government-concocted nonsense-$875/oz. gold and $55/oz. silver in 1980, that $875 becomes $6,500 and $55 reaches into the hundreds. That's why I use those figures. I think gold will hit those targets before this is all said and done. It could go even higher depending on how bad the consequences are.
It's coming be patient...
http://www.reuters.com/article/idUSTRE6932NR20101004
The fun is about to start:
There is no question that GLD is also entering the settling process. We have witnessed GLD inventory leave London and land in many places such as the
ETF, IAU which is a strict allocated account. We suspect that GLD paper is also settling upon our patient longs at the comex. You can imagine the problem that the world will face when the London
Bullion Exchange blows up for lack of metal!!
First off, the Bank of England will demand its gold back from the GLD folk. The Bank of England will return the paper dollars it received in a swap.
However the GLD folk also sent the comex delivery slips to settle upon unsuspecting longs who think that they have metal at the comex.
This blows up the GLD shareholders who will then launch multiple lawsuits against the regulators over at London and the NYSE.(SEC)
The good ol' boys at the Bank of England will also have problems as all the gold that they swapped will not come back. The gold at the Bank of England
is not England's gold but Arab gold as the B. of E is only a foreign depository. The Bank of England has already sold most of its gold and leased what they had left.
Effective October 15, 2010 at 5PM ET, will implement the CFTC’s new provision. This provision will:
• Suspend trading Spot Metals in the United States.
• Limit maximum leverage to 50:1 on the eight major currencies.
any questions as to 4,222.00 coming
hahahaaah watch this week!!!!!!!!!!!!
waiting for revaluation...
In a fascinating essay written exclusively for King World News, Omnis Inc.'s senior vice president for market intelligence, Jim Rickards, says Treasury bonds are the new opium in the West's trade war with China. Perhaps more interesting for GATA supporters, Rickards goes on to concur more explicitly than ever with GATA on gold market manipulation. He writes:
"But there is another way to rebalance the world economy. Simply return the dollar to the gold standard and let the Chinese trade their maturing Treasury obligations for U.S. gold, if they wish, as was done under the Bretton Woods system. Critics will quickly point out that this would represent a bargain-basement sale of America's most valuable financial asset, and they would be right. But this is not because the idea is flawed but because the price of gold is kept artificially low by central banks operating through their fiscal agents at the Bank for International Settlements and the London Bullion Market Association. So let's do a thought experiment on what the market-clearing price of gold should be given global trade imbalances."
Rickards goes on to explain why the market-clearing price of gold is probably close to $40,000 per ounce.
Rickards may be the best-informed market analyst around, so GATA is especially thrilled to see him wearing one of our tin-foil hats.
His essay is headlined "Treasury Bills: The New Opium" and you can find it at King World News here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/9/7_Jim_Rickards_-_Treasury_Bills__The_New_Opium.html
Yes, there's still chicanery and opacity and more unwinding and uncertainty ahead. Fortunately we have a clearer picture of the future than ever before as the dysfunctionality of the markets is more out in the open. Bill Murphy calls the action counterintuitive and he and his newsletter contributors are among those who rail at the brazen malfeascance across WallStreet and Washington and their appointed overseers, who never met a new piece of legislation - supposed to finally enable them do their job - that they didn't like. Luckily cool heads prevail or heads would roll as in civil war.
Bix Weir today had some reason to be optimistic about JPM but I'm not in his camp and as far as silver he is always looking for excuses. I think silver will go into control-mode locked down in hibernation based on national security. The same elements of control they use in all markets will be retained in some way, maybe as Jim Sinclair has stated gold would be held within 100 or 200 dollar range after it reaches it's top allowing a "revitalized and reinvigorated gold certificte cover ratio". So derivatives futures would be the tool and many others say derivatives will stay and the banks and brokers and securities firms and government are planning for a wonderfully profitable future using just those tools, rules, models and software that virtually no citizen knows exist and even fewer care to understand.
yes.. and buy more gold..
Buy evrm now!!!!!!!!!!!!!!