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Great stuff Gaz.
Cheers

Ditto that snurks.

All good stuff Gaz.

The latest Jeff Nielson

enjoy!!


Gold-Bashing Mythology Hits New Crescendo

http://www.bullionbullscanada.com/gold-commentary/26267-gold-bashing-mythology-hits-new-crescendo

http://blogs.marketwatch.com/thetell/2013/06/17/get-back-into-beaten-down-mining-stocks-j-p-morgan/?source=email_rt_mc_body

Buy

The latest Bill Holter....... a nice double dose

what is the dollar

http://blog.milesfranklin.com/what-is-the-dollar


What has changed?

http://blog.milesfranklin.com/what-has-changed

Here is a bullion site in Switzerland which tends to sell a wide range of bullion of all metals.
The interesting part is the stock levels and lead times.....


https://suissegold.ch/home.php?cat=274

Bit of an 8ft x 6ft RED - warning flag ....is a-fluttering

New York Times

The first time in recent.... decades
- that total margin debt exceeded... 2.25 percent.... of G.D.P.
- came at the end of 1999, amid..... the technology stock ....bubble.
- Margin debt fell..... after that bubble.... burst,

but
- to rise again during the..... housing boom
- when anecdotal evidence said some investors were using their investments to secure loans that went for down payments on homes.

That boom in ...margin loans ...also....
.... ended badly......

In fact it seems whenever margin debt reaches 2.25% .....the stock market crashes

http://www.nytimes.com/2013/06/01/business/economy/shades-of-prerecession-borrowing.html

So are we around the red flag ....2.25%..... historical - crash warning level now

Apparently - Margin debt has now risen to about...... 2.4 percent..... of GDP

May not crash this week, or next week - but it seems "the writing is on the wall" by way of forewarning
(And - in rather - large letters - imo)

By way of a visual warning
- the GREY areas indicate when margin debt - exceeds 2-25%
- The chart after....the Grey areas
- represents the S & P......in the month that follows



Place your bets ??
- NB - the bottom right hand chart is - where we are....now :o)

Former FRENCH Foreign.....minister says .....

Britain...... had been planning a war against Syria some.....
- two years .....before ..... the unrest broke out in the Arab country.

http://www.presstv.com/detail/2013/06/16/309276/uk-planned-war-on-syria-before-unrest/

The statement by Roland Dumas came during a recent interview with
- French Parliamentary TV network, LCP.

“I’m going to tell you something...... I was in England
- two years.... before the violence in Syria ...on other business.
- I met with top British officials, who ....confessed to me
- that they were preparing something in Syria,” said Dumas.

He continued by saying, “This was in Britain not in America.
- Britain
- was organizing ......an invasion of rebels into Syria.

They even asked me, although I was no longer minister for foreign affairs,
- if I would like to..... participate.”

Gaz - Syria/Lebanon is about oil.
Afghanistan is about natural gas & copper.

http://www.globalresearch.ca/the-war-is-worth-waging-afghanistan-s-vast-reserves-of-minerals-and-natural-gas/19769


http://en.m.wikipedia.org/wiki/Economy_of_Syria

http://www.yalibnan.com/2013/04/26/lebanons-oil-fields-expected-to-exceed-israel/

Agree squirrel. Like any other war, if there wasn't anything to gain from it why bother fighting over it?

The fact that 100000 people have died already and only now that supposedly 100 people died from the use of chemical weapons does Obama take steps to enter this war. Never mind the genocide that happened in many other African countries, but as there is nothing there for them to steal, why bother?

Squirrel, could you add the gold chart next to the silver daily and year chart please?
Don't know why, but I miss it :-)
Saves me looking elsewhere

Squirrel - his book is worth reading too

(Major General... Smedley Butler
- the...most decorated US marine in history)
- he seems amply qualified and experienced to pass opinion.

The following is an excerpt from a speech he gave in 1933:

�War is just a racket.
- A racket is best described, I believe, as ...that is not what it seems to the majority of people.
Only a small inside group.... knows what it is about.
It is conducted for the benefit of the very few... at the expense of the masses.

I believe in adequate defense at the coastline and nothing else. If a nation comes over here to fight, then we'll fight. The trouble with America is that when the dollar only earns 6 percent over here, then it gets restless and goes overseas to get 100 percent. Then the flag follows the dollar and the soldiers follow the flag.

I wouldn't go to war again ...as I have done
- to protect some lousy investment of the bankers.

- There are only two things we should fight for. One is the defense of our homes and the other... is the Bill of Rights. War for any other reason
- is simply a racket.

There isn't a trick in the racketeering bag that the military gang is blind to.
- It has its "finger men" to point out enemies,
- its "muscle men" to destroy enemies,
- its "brain men" to plan war preparations,

- and a "Big Boss"... Super-Nationalistic-Capitalism.

It may seem odd for me, a military man to adopt such a comparison.
- Truthfulness compels me to.

I spent thirty- three years and four months in active military service as a member of this country's most agile military force, the Marine Corps. I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period,

I spent most of my time.... being a high class muscle- man

- for Big Business, for Wall Street and for the Bankers.

In short,..... I was a racketeer, a gangster for capitalism.

I suspected I was just part of a racket at the time. Now ......I am sure of it.

Like all the members of the military profession, ....I never had a thought of my own .....until I left the service.

My mental faculties remained in suspended animation
- while I obeyed the orders of higher-ups.
- This is typical with everyone in the military service.

I helped make Mexico, especially Tampico, safe for.... American oil interests in 1914.
- I helped make Haiti and Cuba a decent place for... the National City Bank boys to collect revenues in.
- I helped in the raping of half a dozen Central American republics... for the benefits of Wall Street.
- The record of racketeering is long.
- I helped purify Nicaragua for ...the international banking house of Brown Brothers in 1909-1912.
- I brought light to the Dominican Republic.... for American sugar interests in 1916.
-In China I helped to see to it that.... Standard Oil went its way unmolested.

During those years, I had, as the boys in the back room would say,.... a swell racket.

Looking back on it,
- I feel that I could have given Al Capone a few hints.
- The best he could do was to operate his racket in three districts.
I operated...... on three continents.�

(Should be on the compulsory reading syllabus - in schools imo)

On afghanistan
- whilst the US "discovered" :o)
- with their whizz bank technology - once they got in....
- several trillion in minerals & resources
(which they offered - to help - the afghans exploit)

However - the same info had been publicly available on an - afghan ministry of minerals website.....for many years - prior to the US .... erm - discovering them.

In addition
- the Talibanny boyz had virtually wiped out - poppy production
(Afghanistan had previously supplied 80/90% of the worlds - heroin)

Earlier this year - poppy production - was back up to around ....90% of it's former capacity.

The military aren't allowed to.... interfere.
- Why ? - in official military speak - destroying it - would result in major lost employment & income to afgahans
- which - would alienate the hearts and minds of the local population - leading them to potentially side and assist with alCIAda - etc
(I kid you not)

So the tomato growing didn't work then Gaz.

Snurks - do you want the big black kitco gold chart?

Squirrell - lol - I think the seeds keept bunging up the syringes :o)

Squirrel, the small one will do, but now I've seen the big black one... it makes the need for glasses redundant :-)

Ok snurks - know what you mean about the glasses.

Squinting squirrel at your service.

Gaz - lol!

Following on from the charts I posted on the other side as sahara, it seems the miners are still holding in the 'Wave-E' formation and the lower line of the bullish 'Wedge' is holding. Awaiting the Fed decision. It could pop nicely to the upside confirming the Inv 'H&S' on the daily charts but we need the price confirmation....



S.

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S.