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Morning snurks - no not drink but it was a full moon last night & the summer solstice. Honestly - very vivid dream.

Interesting post btw. Met someone here who says invest in Turkey!

Snurks - very strong feeling to get home. I don't know why yet. Father-in-law had a wobble - nothing serious but its a factor for us to not be here too long.

This dream felt so powerful. I had a friend next to me helping me look for something then we came upon this site full of lit candles. The last time I had something like that I was home within a year & then the 2008 crash happened soon after.

I know we're on a time limit here. It might end up being a year.

Made new friends so its not that I'm feeling lonely.

It's something big coming. Feels none man made. A divine event. But when it happens I won't be alone.

I was in the 2004 Tsunamis. It feels big like that. Not sure.

Sounds ominous.

I hope you make it back home in time

Here's a piece of Ed Steer's daily catching up on yesterdays trading pm's


It was another busy day at the store on Friday...and like it has always been, silver sales were great, but gold sales were astonishing once again.

Well, my guess that there wouldn't be much in yesterday's Commitment of Traders Report turned out to be only half right. There were no changes worth noting in silver...but gold was a horse of a different colour.

In gold, the Commercial net short position declined by a very chunky 14,207 contracts, or 1.42 million ounces. The Commercial net short position is now down to only 4.41 million ounces...a level not seen, according to reader E.W.F..."since February 8, 2005." He also noted that the gold 'raptors'..."hold their biggest net long position since February 20, 2001."

The Big 4 short contract holders [which, of course, no longer includes JPMorgan Chase] are short 10.22 million troy ounces of gold which, on a 'net' basis, represents 31.9% of the entire Comex futures market in gold...once the market-neutral spread trades are subtracted from the total open interest.

The '5 through 8' short holders in gold are short an additional 4.60 million troy ounces of gold on a 'net' basis. That represents another 14.4 percentage points of the total Comex futures market on the short side.

So the 'Big 8' in total are short 46.3% of the entire Comex futures market in gold on a net basis...and are short 236% of the Commercial net short position, which is preposterous.

But to put things in perspective for gold, the 'Big 8' short holders in silver are short 252.5 million ounces of the stuff...and the Commercial net short position is only 29.8 million ounces...so that puts their combined short position at 1,080% of the Commercial net short position.

The 236 percent in gold...and the 1,080 percent in silver...are almost impossible to believe...but there they are...and will be even more over the moon in both metals as the Commercial net short positions in both shrinks to zero, which they're probably close to right now.

After the events of Wednesday and Thursday, it's a good bet that JPMorgan Chase is out of its silver short position...and if not out, then close enough that what remains of it no longer matters, as they are covered in other markets...particularly in gold...which they have an even bigger long position in now than they did at the Tuesday cut-off for yesterday's COT Report.

We'll only see these numbers IF the precious metal prices remain flat through the close of Comex trading on Tuesday, the cut-off for the COT Report on Friday, June 28th...and I certainly wouldn't bet the ranch on that.

Snurkle - some good info there thanks

Gridlock over the luxembourg discussions, I posted earlier - as they discuss how much of investors money - can be bailed in - they seem happy with excluding about 2.5% of total liabilities
- in my speak that's ...97.5% - of shareholder, bondholder, saver/investor funds
- that - CAN BE - bailed in.

The current deadlock in negotiations seems over
- whether it is a - FIXED RIGID plan - or nations get a tidgy widgy bit - of flexibility

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10136307/EU-bank-bail-out-talks-deadlocked-over-SMALL PRINT of investor rip off.html

And Joe Public - snoozes on

It's like reality has been suspended on ...- many many - counts
- and like the Titanic (or more accuratlely - it's sister ship - the Olympic)
- "The Band Just Plays On"

Talking of suspending reality - it seems rudimentary maths
- and common sense
- has been suspended too

I like this guy - he's australian - no nonsense or.. beating about the bush
(excuse pun - and/or unless you have a boomerang with you)

http://www.youtube.com/Grant Williams---Wakey-Wakey---do the MATH

Like the Tom Cruise Film "Cocktails" - Grant Wlliams is very much in the "Coughlins Laws" style...e.g

"if it makes no sense, ....it is nonsense"

A Few Examples

Problem 1:
If the global economy is stalling, Europe is in recession, China is slowing and growth is seemingly impossible to generate,
- what are equity markets doing at .....all-time highs?




Problem 2:
If Chinese manufacturing has stalled, demand for raw materials is slumping, imports and exports are declining, and Chinese power consumption is falling,
- how is China's GDP growing.... at 7.7%




Problem 3
Well lets just look at...France




Couple of his classics as nightcaps

Problem 4: If honesty is the best policy,
- then is dishonest...... the second best policy?

Problem 5: If there were no sponges living in the oceans,
- would the oceans be deeper?

I won't spoil the rest of the great content (& style)

Enjoy !

Squirrell
Re the gut sense of....
- Personally i think it's just - when
- And in the famous line in the film GhostBusters....."what form the Destroyer will take"
(Although I have pretty much discounted "The Puff Pastry Man")

The toally "unforseen" ..financial Black swans ...are already in final planning stages
(Luxembourg - 97.5 % bail ins - plus progress report from FSB to G8 on progress of Global Cross Border - Template - re Too Big To Fails Going Down etc).

They don't want a mass wake up of snoozers - so probably - "softly softly (taps with ...a rather large 'ammer)... catchy monkey" method... will probably continue.

EG - Iceland takedown didn't quite go to plan (lessons learned ...an all)
- but Ireland got a full blitzing, Greece went well, Cyprus...even better and so on.

The Ducks are all being lined up in the M/East - for a proxy session out there.

Ultimately the well funded armed2teeth state - promised by TPTB in WWI for bringing the yanks in, and fulfilled in round II - is actually Khazars - not the chosen lot.

Hence - if needed - in a grand finale
- sacrificeable against the other lot - who can be hot headed and still wander about with automatic hardware
- tribal - and therefore a threat, if they ever got the nouse to spot the - real bad guys.

Natural events ??
- Well they built all those friggin great bunkers (under the auspices of...the cold war) for a reason.
- The land of the wonderful knife - with even a gadget for getting boy scouts out of horses hooves - has enough bunkers for....it's whole popuation
- Russia had a deadline for an extra 5,000 bunkers by 2013
(and all those extras - were just....around Moscow)
- Vaccine Bill G - is stashing art, rare photos & negatives in a room in... a nice - little very deep number.
- The (privately owned) Norway underground "seed vault" is being stocked with all the seeds they can cram in there (strangely enough all - non GMO :o)

So answers on a postcard re....... that (and...I've kept it short)....little lot.

Sundry
Comet ISON is on it's way thro the inner solar system - handy they have their little trundler up there as it makes a close pass by mars (Oct-ish if I remember correctly)
- most spectacular comet since "the great comet" of 18..whenever
- depending on what you read
- as bright as a full moon (and some say up to x times brighter)
- a tail that will stretch between a 1/4 and... half way accross the night sky
- possibly even visible in daylight
- heading thro.. here abouts.. late autumn(ish)
- then onwards round the sun (at which time coud break up and give us ...somewhat fun meteor showers of debris)
- if not - then back on out past - these 'ere part in early 2014 for - another show.

Bright and spectacular with a stonkin great tail of....? & allegedly just a large - dirty snowball
(losing that length of tails worth of...ice..one might have thought.. at that rate it might have...run out of icy bits by now...but hey ho)

Millions of miles away of couse so...should just be a pretty light show...for a few ..months.
(all just from memory)

(Update - As above recollection - this is a ...non - foil hat - version - in link :o)

http://www.mnn.com/earth-matters/space/stories/christmas-miracle-comet-could-be-as-bright-as-the-full-moon

So taking my last 3 posts together - as I said I think it's just when &.....in what form.

In the meantime - all reality, maths, economics & common sense suspended.
Kick all those cans down the road and....
- give the sheeple the mushroom treatment (keep 'em in the dark and just keeping feeding them the sh!te).


Well as it's a big picture late night musing I think that's enough so
- I'll cut things short at that...and have an hours wanderings of ..more of the big picture stuff, before bed.

Gaz - thanks for that. I've watched 2012 twice. I don't have a billion dollar ticket for the Ark :-(

I've always viewed the world as oval & thought I'd never want to see the poles.

Middle East is going through vast changes driven by the aspirations to become middle class. It will all be lovely when complete.......

As for getting home - I'm sure we'll be back & then wondering if we stayed here long enough as money shrinks fast when you stop earning it.

The UK financial system houses many wealthy folk so I'd be surprised to see a grab on savers/depositorsala Cyprus style. Besides that was more about our Russian enemies than anything else. Silly cypriots for allowing it in the first place.

Cash in a metal box will be safe from turmites but won't be worth as much each time you go to it to get the weekly shopping spends.

To sell a silver coin once a week might be the only inflation hedge to get the food in.

Clearly if banks are to further increase their capital then they can only do that by offering sweeter interest rates. Which will of course bring their requirements in line with last weeks report.

Silver - The physical price paid for the hard stuff has already disconnected from the paper pos.

Perhaps I should get a chart up showing how much silver ounces are from dealers?

Gold - genuine question this - how much has Assad got & who will soak it up?

Some good stuff there Gaz!!

Memories of Hale Bopp springs to mind. It was an amazing sight on a clear night. He had a beautiful long tingly tail. He seemed to be around for quite some time.

At that time I used to live on top of a hill so could see for miles and boy did he brighten up my evenings

Weekly market wrap

http://www.independentlivingbullion.com/hot-topics/market-wrap-podcasts/fed-speaks-markets-crash-physical-buying-frenzy?utm_source=130621BPodNP&keycode=130621BPodNP&AID=3818#.UcR8PbJwZMs

http://www.theweek.co.uk/uk-news/53747/care-quality-commission-bosses-pensions-jeremy-hunt

Now if bankers start losing their pensions for failing their customers & shareholders that would indeed make the public happy.

Don't know what I'm doing wrong, but these links won't work for me.

Anyway the thing that I've tried and failed to post is on the gold thread, posted by Cassini and a very good listen.

mabel


http://www.youtube.com/watch?feature=player_embedded&v=QIMucHfUMyg

edit. Oh surprise, it worked after all.

http://youtu.be/QIMucHfUMyg

Mabel - your link seems to end up asa 404 error.

The link above works but I haven't managed to figure out how to embed video - Gaz may be able to help.

We seem to have a female Farage - gulp!

I didn't click on the thing, but assumed that when it came up blue, it must have worked.

I can see that this link business is still 'work in progress' for me then.

mabel

http://www.coinflation.com/silver_coin_values.html

I can't embed the charts shown in above link but they show how coins inflate in value over time. Very interesting from an investment pov.

Mabel/ Squirrell

YouT's are the easy ones :o)

Look at the bottom of the video - there's an "embed" button
- click it and the code pops up in a box
- hold left click & highlight it all
- right click - copy
- then over 'ere - right click and just paste straight in the posting box
(NB - no need to use the or the buttons ....just copy it/paste it... straight into the post box box.....add your thoughts before or after the code - click "post message - bingo)

You get this - your thoughts/opinions and a - click and play video.

Gaz - ty.

Interesting video gaz, good on her!

GO GIRL!!!!!!!!!!

What a refreshing video.
Can we have more of this please?.........lots more!!