Dollar up. Gold down.

Do you see sub $8?

JNUG leverages the Jr gold miners index

By leveraging through derivatives to achieve 3 X the Jr miners performance.

Since the key point is derivatives, the movement direction is close but not spot on the underlying Jr miners or even the price of gold.

As a result, you cannot make calls from an hourly chart and calls are risky when trying to trade from even a daily chart.

In other words, the JNUG chart is nearly worthless for making trading calls during runs either up or down.

Wait until you can see the run or change of direction materialize before committing cash to a trade. Set a reasonable goal and trade out at the goal price.

You won't make as much money as a time traveler would but you will make money most of the time.

Always remember, it only costs about $10 to cash out at any time. Waiting on a downtrend to turn can tie up thousand$ while you wait.

Dollar still moving up

http://www.marketwatch.com/investing/index/dxy/charts

Downright Rude

The way Nugs sailed down into the $8's like it belonged there. (g)

Costs $10 or less to be in CASH

If Nugs goes to the $8's tomorrow you can buy 10% more shares.

Right now, I agree that the USD is something that is moving gold separate from JNUG. I sat in CASH for a long time watching. I recognized the OUT flag yesterday (Gravestone Doji in the gold futures along with firming up of the dollar) and I am glad I bailed.

Walk away. Live to fight another day.

Would you buy JNUG at this price today? Then why would you hold?

Your call on the dollar forming a new base

Was spot on yesterday. Got out of Nugs @ $10.20 right at the close.

Fundamentals????

Why, if there are 77 million trading shares, are there nearly 90 million showing on the ASK?

Recommended App

After a few days of using this app, you will say "Who Knew?"

https://www.ghostery.com/en/

Thank you Flowbewan.

Out of JNUG @ $10.20

YES!!!

Bada BOOM! $1252

EUROS

Stuttgart Market $2.24 USD

Daily Swing #s GCZ14 October 21, 2014
Resistance#2- 1257.3
Resistance#1- 1250.9
Pivot- 1242.9
Support#1- 1236.5
Support#2- 1228.5

It is sitting on the bottom of the 1 yr channel

Not Sure

Gambling on Gold breaking above $1250.

In JNUG @ $10.10

In JNUG @ $10.10

Nope. Got cancelled.

one 11.5 million share bid

It is the same money used over and over

The bank gets the application on you.

The bank gets an approval to close from FNMA whereby they agree to buy the loan from the bank at a 4% yeild.

The bank goes to their depositors accounts, gets $100K and closes your loan for $100K at 5% yield.

The payments generated on the $100K loan @ 5% nets $102,500.00 when those payments are sold to FNMA @ 4%. (it is called current value of future payments or yield spread premium) The bank takes the $102,500.00, pockets $2500 as profit and returns the original $100K to their depositors account paying them six or eight dollars for the use of their $100K for a few days.

They get my application for a loan the next day.

Lather, rinse, repeat.

World War IAAACite ThisRSS
Dec 26, 1917:
U.S. government takes over control of nation's railroads
Previous DayDecember 26CalendarNext Day
Eight months after the United States enters World War I on behalf of the Allies, President Woodrow Wilson announces the nationalization of a large majority of the country's railroads under the Federal Possession and Control Act.

The U.S. entry into the war in April 1917 coincided with a downturn in the fortunes of the nation's railroads: rising taxes and operations costs, combined with prices that were fixed by law, had pushed many railroad companies into receivership as early as late 1915. A year later, in a last-minute bill passed through Congress, Wilson had forced the railroad management to accept union demands for an eight-hour work day. Still, many skilled workers were leaving the cash-poor railroads to work in the booming armaments industry or to enlist in the war effort.

By the end of 1917, it seemed that the existing railroad system was not up to the task of supporting the war effort and Wilson decided on nationalization. Two days after his announcement, the United States Railroad Administration (USRA) seized control. William McAdoo, Wilson's secretary of the treasury, was appointed Director General of Railroads. The railroads were subsequently divided into three divisions—East, West and South. Passenger services were streamlined, eliminating a significant amount of inessential travel. Over 100,000 new railroad cars and 1,930 steam engines were ordered--designed to the latest standards--at a total cost of $380 million.

In March 1918, the Railroad Control Act was passed into law. It stated that within 21 months of a peace treaty, the railroads would be returned by the government to their owners and that the latter would be compensated for the usage of their property. Consequently, the USRA was disbanded two years later, in March 1920, and the railroads became private property once again.

Yup

And the real "Taking" happened when they took a perfectly adequately capitalized company into conservatorship and forced it to borrow billions of dollars to buy $20 billion per month worth of non-performing loans from the TBTF banks.

They needed a conduit to funnel those loans through just like they needed the US railroad system during WWI. They compensated the railroads after the war but they are trying to destroy FnF so they won't have to compensate the stockholders today. http://www.history.com/this-day-in-history/us-government-takes-over-control-of-nations-railroads

That's already been done


navycmdr Member Level Thursday, 10/16/14 07:24:55 PM
Re: None
Post # of 257644
Fannie And Freddie Did Not Need A Bailout

Oct. 16, 2014 1:31 PM ET ... Disclosure: The author is long FNMA, FMCC.

".... Previous price targets remain unrevised until additional facts come into view. At this time, the upside of the common is still in the $30 to $45 range, long-term.... "

Summary

Losses were overstated, due to Treasury involvement.

Equity book value would be about $31 per share, without the bailout.

Treasury knows that the evidence is damaging to the financial markets.

Judge Sweeney agrees that discovery documents could damage the financial system.

Sometimes the biggest breakthrough comes from an audacious idea. These types of things are so shocking that people don't want to believe them and they immediately get dismissed as foolish or immaterial twisting of facts.

The reader must understand that some of the very brightest legal minds have recently accused the Treasury of booking $161 billion in non-cash losses for the bailouts of Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC). Here is the section of the lawsuit again for your convenience:

For a starting point, let's begin with the actual amount of funds lent by Treasury to the GSEs. The most heavily reported figure is $187.5 billion. However, this is wildly inaccurate on a cash basis. Phillip Swagel sets the record straight by simply removing the dividends paid from the equation. Several years ago, the GSEs were actually borrowing money from Treasury to pay a dividend to Treasury.

Taxpayer support has ensured that mortgages have been available throughout the financial crisis even while other credit markets have been strained, but at a cost to taxpayers of roughly $132 billion so far, including $187.5 billion put into the two firms less $55.2 billion in dividends received.

Thus, to taxpayers, the actual bailout cost has been $132 billion on a cash basis. The difference is accruals of unpaid dividends added to the principal balance.

Can we break down that $132 billion and see if we can actually find the non-cash losses that it covers?

Here's some of it.

Deferred Tax Assets $74.5 billion
Excess Loan Loss Reserve Released $18.3 billion
Current Excess Loan Loss Reserves $41 billion
Total of $133.8 billion
Deferred Tax Assets

To non-accountants, this description may seem like a misnomer, as taxes are usually an expense. The Deferred Tax Asset (DTA), though, is genuinely an asset with real value. It represents future benefits from prior net operating losses. DTAs are generally recognizable if an entity is believed to be a going-concern with future profitability sufficient to offset a portion of the prior net operating losses.

Here is the key. Before conservatorship, Fannie and Freddie had DTAs with full value. The act of taking over the companies put their futures in doubt, which triggered an impairment of the DTA value. The DTAs did not go away. But negative rhetoric and a tricky legal status caused the accountants to say that the DTA may never be recognized. Treasury triggered DTA impairment by seizing the companies, creating a $74.5 billion loss.

The future of these entities should never have been in question, as they are vital to the health and function of the housing market.

Excess Loan Loss Reserves

The loan loss reserves fall into two categories. First, we have losses that were reversed. Second, we have loss accruals that are still on the books but are unnecessarily high.

Since about 2012, each company has consistently been reversing prior loss accruals each reporting period. In total, Fannie Mae has reversed losses of $15.3 billion. Freddie Mac has reversed losses of $3 billion. This reflects the benefit flowing through the income statement, which nets the gains and losses. The net benefit is recorded as income, but in prior periods, it was reported as a loss.

In a prior piece, Fannie Mae and Freddie Mac's loan loss reserves (current accruals) were compared to other businesses, including Bank of America and Citigroup. Based on the comparison, it was determined that Fannie Mae was carrying an extra $29 billion in loss reserves and Freddie Mac was carrying $12 billion in excess accruals. This total of $41 billion was previously recorded as a loss in the income statement and now sits on the balance sheet ready to be reversed.

Why were the GSEs booking losses that were too large?

Perhaps they were concerned with some of the billions in dollars of loans that regulators asked them to purchase. Maybe they did not know that FHFA would eventually pursue $200 billion in claims against the banks for faulty mortgages.

Implications of Excess Losses

The implications are simple. If the GSEs did not need to borrow the $132 billion that eventually ballooned into $187.5 billion, then they never would have paid the Treasury $213 billion in cash from the 3rd Amendment to the SPSPA. Thus, the GSEs would currently be sitting on equity capital of $91 billion. This is the $213 billion of net worth swept to Treasury plus the $10 billion currently on their books, less the $132 billion sent from Treasury through the Senior Preferred Stock Purchase Agreement.

After subtracting out the Junior Preferred stock, the $91 billion becomes $57 billion in equity book value that would be available to common stockholders on undiluted shares of 1.8 billion. In other words, the common stock would have book value of about $31 per share. This is a revision of history and assumes that the GSEs would have continued to access capital markets for short-term financing. And of course, each entity would have its own story and valuations.

Update on Tim Howard and Discovery

Yesterday, Judge Sweeney issued a ruling that said she would not allow Tim Howard, the former CFO of Fannie Mae, to participate in the discovery process. Judge Sweeney essentially agreed with the government that the risks involved outweighed the benefits and that having Tim Howard involved could have a "destabilizing effect on the nation's housing market and economy."

What is so damaging in the sealed documents that it could destabilize the entire U.S. economy?

The opinion goes on to say, "Defendant has clearly defined a serious injury that could occur if protected information is disclosed-not merely to one discrete business, which would, in itself, justify denial of the motion, but rather, to United States financial markets. Indeed, it is evident in this case that defendant offers specific facts with a cognizable risk, rather than mere conclusory allegations, of harm. "

Wow. Now, its really getting interesting. Apparently, we are sitting on pandora's box here. Opening it will destroy the entire United States financial markets. Specifically, Judge Sweeney goes on to say that the fact that Mr. Howard is a stockholder is another reason that he cannot view the documents.

Whatever happened to due process? Basically, stockholders are now sitting here not knowing the facts in a case that may determine their rights as owners.

Conclusion

As facts become known, it may become more clear that the GSEs never needed a bailout. Could this be damaging to the financial markets? Yes. Could this vindicate former executives of the companies? Yes.

Does this have value to the current stockholders? This remains to be seen, as stockholders still don't have a complete picture.

Previous price targets remain unrevised until additional facts come into view. At this time, the upside of the common is still in the $30 to $45 range, long-term.

Breaks my fricken heart!

Biden’s Son Hunter Discharged From Navy Reserve After Failing Cocaine Test
Lawyer Pursued Military Service as a Public-Affairs Officer
Hunter Biden, right, attends a basketball game with his father, Vice President Joe Biden, center, and President Barack Obama in Washington, D.C., in 2010. ENLARGE
Hunter Biden, right, attends a basketball game with his father, Vice President Joe Biden, center, and President Barack Obama in Washington, D.C., in 2010. ASSOCIATED PRESS
By COLLEEN MCCAIN NELSON and JULIAN E. BARNES
Updated Oct. 16, 2014 7:35 p.m. ET
218 COMMENTS
WASHINGTON—Vice President Joe Biden ’s son Hunter was discharged from the Navy Reserve this year after testing positive for cocaine, according to people familiar with the matter.

Hunter Biden, a lawyer by training who is now a managing partner at an investment company, had been commissioned as an ensign in the Navy Reserve, a part-time position. But after failing a drug test last year, his brief military career ended.

Mr. Biden, 44 years old, decided to pursue military service relatively late, beginning the direct-commission process to become a public-affairs officer in the Navy Reserve in 2012. Because of his age—43 when he was to be commissioned—he needed a waiver to join the Navy. He received a second Navy waiver because of a drug-related incident when he was a young man, according to people familiar with the matter. Military officials say such drug waivers aren’t uncommon.

Mr. Biden was commissioned as an ensign on May 7, 2013, and assigned to Navy Public Affairs Support Element East in Norfolk, Va., a reserve unit, according to the Navy. In June 2013, after reporting to his unit in Norfolk, he was given a drug test, which turned up positive for cocaine, according to people familiar with the situation. Mr. Biden was discharged in February, the Navy said.

Mr. Biden said in a statement that it was “the honor of my life to serve in the U.S. Navy, and I deeply regret and am embarrassed that my actions led to my administrative discharge. I respect the Navy’s decision. With the love and support of my family, I’m moving forward.”

The vice president’s office declined to comment. The Navy said Mr. Biden met all of the criteria for a direct commission, but declined to provide any details of why he was discharged. “Like other junior officers, the details of Ens. Biden’s discharge are not releasable due to the Privacy Act,” Cmdr. Ryan Perry, a Navy spokesman, said.

Navy personnel who are discharged from the military because of a failed drug test don’t receive honorable discharges. Most are given an “other than honorable” or “general” discharge. It isn’t clear which discharge Mr. Biden received, and the Navy doesn’t release the discharge status of low-ranking officers or junior enlisted personnel.

Mr. Biden was recommended for a direct commission after interviewing with a board of Naval officers, according to the Navy. The direct-commission process was created to allow the Navy to tap civilians with needed skills. The program allows civilians who have not attended the Naval Academy, a reserve-officer training course or officer-candidate school to join the military by attending only an abbreviated training program.

The Navy typically accepts about six people into the public-affairs reserves each year. Navy reservists usually serve one weekend a month and two weeks a year, but they can be called up to serve as much as a year on active duty.

The vice president and his wife, Jill Biden, speak regularly about the pride they take in being a military family, often referring to son Beau Biden’s time in the Delaware Army National Guard and his yearlong deployment to Iraq. After Hunter Biden joined the Navy, his mother said he was following in the footsteps of two of his grandfathers, who also served in the Navy.

“This year, I’m looking forward to standing with our son, Hunter, when he is commissioned as an ensign in the United States Navy,” she said in 2012.

In January 2013, Joe Biden joked about Mr. Biden’s decision to pursue military service at age 42. “We have a lot of bad judgment in my family,” the vice president said at the American Legion’s Salute to Heroes Inaugural Ball. “My son, who is over 40, just joined the United States Navy. He’s about to be sworn in as an officer, Hunter Biden.”

Hunter Biden, who is married with three children, is the younger of the vice president’s two sons. Beau Biden serves as the Delaware attorney general and has announced plans to run for governor in 2016. Joe and Jill Biden also have a daughter, Ashley, who joined the Delaware Center for Justice in 2012 as associate executive director.

Hunter Biden has embarked on several different professional ventures, including his recent appointment with a Ukrainian firm, that have drawn scrutiny. In May, he joined the board of the Ukrainian gas producer, Burisma Holdings Ltd., which is controlled by a former security and energy official for Ukraine’s ousted former president. The announcement that Mr. Biden would be responsible for Burisma’s legal unit raised concerns about potential conflicts of interest, because his father, the vice president, was engaged in diplomatic efforts involving Ukraine.

At the time, the vice president’s office called Hunter Biden “a private citizen” and said Joe Biden didn’t endorse any particular company. Hunter Biden didn’t return calls seeking comment on the matter.

Earlier in his career, Mr. Biden worked as a lobbyist. He quit the business and resigned his partnership at a Washington firm after his father was named to join the presidential ticket in 2008.

Now, Mr. Biden is a managing partner at Rosemont Seneca Partners, an investment company. He also serves as chairman of World Food Program USA, which calls itself “a humanitarian agency fighting hunger in the world today,” and he is an adjunct assistant professor at Georgetown University.

Write to Colleen McCain Nelson at colleen.nelson@wsj.com

Futures



Click on any box and get the chart http://finviz.com/futures.ashx

Now this sux

10 @ Ihub. 32 @ Drudge Reports. 10 @ my ISP home page.

https://www.ghostery.com/en/

Reconfigure to what?

Another completely unique signature? Are you going to do this several times per day? Or are you just going to do it right before you use your bank account? Right after?

My bank IDs my machine and makes me jump through hoops if I logon from another machine. Not sure what they use for the signature but I kinda wish they would make me hoop jump anyway. I would ask them what they use but I am even more afraid that they would tell me.

That fingerprinting crap is scary.

Did you know that Adobe font library is randomly arranged on your computer based upon how you originally set it up?

That means a hundred or so fonts in a random order that IDs your machine with every bit of the confidence of DNA at a crime scene.

Possible combinations 100 X 99 X 98 X 97...........Like counting sheep.

Interestingly though is the security of smartphones. Nobody changes anything much so they all look nearly identical to fingerprinting algorithms.

Oh Crap!

Now I'll never get to sleep. (g)

And wouldn't you be connecting to PIA via the internet?

I get the feeling that the ISP business will be fractualized.

http://en.wikipedia.org/wiki/Virtual_private_network

Putting your network on the Internet?

Sounds scary!

Possible

Load Ghostery and find out.

Yup

I knew it was bad but I had no idea.

So. Bailout not needed. WHY did they do it?

Remember the order from Treasury for FnF to buy $40 billion per month of non-performing loans from the TBTF banks starting in October '08?

Treasury needed a conduit to rescue the banks.

It is that simple. They are gonna pay for what they did if Sweeney allows this to go beyond the jurisdiction question.

Drudge Report had 33

The Centers for Disease Control told the incoming Obama administration in 2008 that it should establish 18 regional disease detection centers around the world to adequately safeguard the U.S. from emerging health threats like Ebola, according to an agency memo.

But six years later, as the government struggles to contain the fallout from a deadly Ebola outbreak at home and abroad, the CDC still has only 10 centers — and none of them operates in the western Africa region hardest hit by the deadly virus.



Read more: http://www.washingtontimes.com/news/2014/oct/15/cdc-outbreak-prevention-advice-dismissed-by-obama-/#ixzz3GKfTDd3x
Follow us: @washtimes on Twitter