" alt="" /> " alt="" />

Gaz - Yamadas charts lol!!

Options are a bewilderment to me. IO think its cos I always get the Theta's wrong ;-( Also time decay can work against you more than you may have envisaged. Probly better to write option at least you end up with the premium. Your son may have more nouse than you perhaps credit him with, but if not and he does take up thew wager and wins then as you say may not e the best outcome after-all.

|Talking of Backwardation...'Let me emphasize that I think this should be regarded as rot.' ie 'the rot in the monetary system has increased.' but Basis curve is still positive....

http://seekingalpha.com/article/1588782-what-drives-negative-gofo-and-temporary-gold-backwardation

S.

Snurkle
Interesting that Pakistan has placed a "temporary" ban on import of gold (with an Aug review)
- temporary often becomes actual or quasi...permanent
- Like India - may drive further demand towards silver

And that's another interesting one re US debt

If the debt had increased by even $30 million
- at any time during those 70 days,
- it would have exceeded the statutory limit.
But, according to the Treasury, the debt did not do that. Instead, it remained precisely $16,699,396,000,000.00.

As of July 26, according to the latest Treasury statement, the Treasury had already redeemed approximately $6,128,368,000,000.00 in bills, notes and bonds during this fiscal year.
- But, at the same time, according to the statement, the Treasury had sold an additional $6,759,148,000,000.00 bills, note and bonds-
- for a net increase of $630,780,000,000.00 for the year.

(so they they 30 million limit left - and blown 630 billion - although slightly confused when the article states***....
Thus, the value of U.S. Treasury debt instruments circulating in the public has increased ......$53.267*** billion)

On the subject of Gov't data
- I think it was one of Martin Armstrons researchers that asked him to check her finding, that
- US GDP was calculated using Gov't expenditure plus the population income
- when Armstrong queried - that Gov't employees salaries were being - double counted
- he got a reply that ....it was adjusted back out the figures
- when he asked where and how.....silence

Miners have lost the blue line support and are heading to the low of the blue arrow perhaps, although the downtrend channel has some support in here, which eerily coincides with lateral support...



S.

Bill Holter's latest. Certainly one that made me chill out about stuff a bit more.

http://blog.milesfranklin.com/shootout-at-the-white-hat-corral

Sahara - all trading (bar the very basics) bewilders me - it's bordering on advanced physics .

I suppose an alternative view of the basis curve could be - if ..."the system" makes it past Dec
- enough people maybe think ....things will revert to nearer normal (in the topsy turvy sense of normal)
- after all - I am sure there are many traders,... just one notch up from 24/7 sky sports intelligence :o)

1 - If it is not a good report..... spin it so it is.
2 - if that stops working - change the calculation
3 - when all else fails - just lie
(are we at a 2/3 or just a full 3)

Jim Sinclair

Jim Sinclair opines on the Bureau of Economic Analysis’
- changes to GDP calculation announced Wednesday,
- which will add 3% to .....official US GDP
(or equivalent of adding .....an economy approximately the size of Belgium)
by counting research, development, and copyrights as part of the GDP calculation for the first time.

Apparently the only way to delay recognition of the latest recession (for 2 quarters perhaps?) among the mainstream is to blatantly manipulate the calculation by a whopping 3%.

We are carrying these major changes.... all the way back in time
– which for us means to..... 1929
– so we are essentially..... rewriting economic history,”
(Brent Moulton, who manages the national accounts at the Bureau of Economic Analysis, told the Financial Times)

Gaz - While we are awaiting the month end prints on miners and metals, what do you makwe of the devastating decline of the humble bee?

I read that over 70% of the main crop species in which we obtain 90% of our food are dependant upon these fast disappearing fastisous workers. And all because of pesticides?/

I was Shocked!! to read of over 10million beehives that have been wiped out in the last six years alone. Not knowing how many bees are in the average hive I would confidently say over a 100million bees have VANISHED!!

Wha with all the other issues of weather, earthquakes, wars, disease, warned about in scripture perhaps 'the terrible arrows of famine' will be the most devastating?/...

‘So it shall be a reproach, a taunt, a lesson, and an astonishment to the nations that are all around you, when I execute judgments among you in anger and in fury and in furious rebukes. I, the Lord, have spoken. When I send against them the terrible arrows of famine which shall be for destruction, which I will send to destroy you, I will increase the famine upon you and cut off your supply of bread. So I will send against you famine and wild beasts, and they will bereave you. Pestilence and blood shall pass through you, and I will bring the sword against you. I, the Lord, have spoken.’ Ezekiel 5:15-17

'Watch therefore, and pray always, that you may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.' Luke 21-36

http://www.theguardian.com/environment/2013/jul/30/buzzfeeds-bees-colony-collapse-disorder

S.

Snurkle -
Yes - I think we have all seen Holter style - bitching, back biting, general critisism of the poster not the content, trolls and whingers
- just on the 2 RU..AG/AU threads on ADVFN
- In fact - on RUau - at one stage Sahara seemed to have a whole posse of trolls, some of whom I am sure spent sleepless nights trying to find some tiny thing to launch
- what I can only describe as - an attack
(some of whom seemed quite long established regulars).

Strange effect that some people get, when they are so tightly wound up that - they and only they are right.

Mind you I became a little curt with McBeany - on his unwavering intransigence in his opinion in.. insisting
- "Who cares about JPM - what has JPM got to do with ...the price of silver...or the price of fish"

$Silver trying hard to get back into the safe zone...



S.

The lower blue 'triangle' line eerily coincides with the daily 50/MA...



S.

is SLVR ETFS Silver backed by physical silver. i am after a silver play that is ISA-able.
LSIL is ISA-able but if SP drops too far in a day i could lose everything[obviously it could go exponentially the other way]. i believe Silver will go up and by some margin but not sure when.

i could just hold mining stocks but think that a more purer silver play may be more profitable.

Any thoughts/suggestions welcomed

Alex

Hi Robert - Not sure what the prospectus terms for the SLVR ETF is, but it should state it in here somewhere...

Seems like it is backed by 'Swaps'...'The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. '

http://www.etfsecurities.com/Documents/ETFS%20Commodity%20Securities%20Limited%20-%20C&LD%20-%20Prospectus%20-%20141212.pdf

http://www.etfsecurities.com/institutional/uk/en-gb/products/product/etfs-silver-slvr-lse#14

WHichever - I would never accept anything other than physical in my possesion to be actual Silver.

Hope that helps.

S.

$Silver - up against that green average resistance again - Remember if it gets above there today at the close we will have a better looking 'HArami' print for the month of July...



S.

Sahara - seems there are around 30,000 bees in the average "small hive"
("Rodney Oakley moved 30,000 bees, the amount typically found in a small hive")
- that bumps it up to 300,000 million bees lost :o(

Haven't seen a honey bee in our garden for last 3yrs - but plently of the bumble bees.

I think the fact that probably the last USDA recognised leading etimology and specialist firm in the world on - bee colony collapse - got...bought by Monsanto (something like beeLogic around 2011 from memory),
- says a lot.

They just buy up any opposition (Mafia style - offers that can't be refused etc).

Any court cases and they can wheel in all the leading recognised (effectively in house) experts, literally by...the bus load.

Whilst GM plants - with their genetically inbuilt insecticides & herbicides on board, will definitely feed on to the bee chain via their pollen, the abscence of GM crops in Europe (although GM potato's got the green light ...for animal feed, but can you spot the difference and we...eat the animals) - suggests that the insecticides and herbicides mentioned in the article play a big part as discussed in the article.

All the traditional "cheap" insect/herb icides, get discontinued
(Like Creosote tuppence a gallon and last years got "the cancer scare" replacement by £20 a tin versions - apply every year. Or Weedkiller - Sodium chlorate tuppence a bucketfull and nothing grows for 6m got discontinued because it can be used in making LaBombas etc - replaced by £4/5 a small bottle sprays).

Farmers can only buy what's available in the herb/pest icides market - and the market is .....monsanto and cartel (and their expensive patentable concoctions),
- of which glyphosate plays a big role
- it destroys the soil microflora
- which then changes the plants - and then both get into the pollen
- it gets into run off water
- which then gets extracted from rivers and streams by farmers and sprayed back on crops and back into pollen
- and it gets into humans too (Dr mercola.com covers that & very well)

On top of the popular angle - all life on the planet is bio electro/magnetic in nature
- there is good research that EMF from digital transmissions, Phone cell towers and the miriad of other sources not only disrupt humans ...but bees and other life too.

Tried the experiment - grow on two plants from seed - then put one near a wireless router and the othe in a similar light/heat location well away from the router
- shame that "a" plant was killed - in the experiment (no need to guess which)
- did the same with 2 plants one fed tap water - the other water previously microwaved
- unfortunately - one - died

Also read a good account that as the bees
- also use the sun to navigate - then the chemtrail blurring milky haze of the sky could be a further unhelpful bee related factor, as well as disrupting natural light spectrums (eg ultraviolet range etc) used by the bees.

All in all the bees join..us on.... the receiving end of TPTB war on..... everybody & everthing..else,
- that stands in the way of their...objectives.

Alex - if you still have faith in paper
- the only silver ETFs with much credibility as to actual physical silver backing are

Central Fund of Canada Silver & Sprott silver fund
(No idea if ISA-ble tho')

That said - Sprott keeps his silver at the ROYAL Canadian Mint (A crown corporation & Crown = Bankster families controlled ..as indeed Canada itself is - long story...just googly Canadian Crown Corporations for a list just by way of a circumstantial hint...quite suprising how many...pages.. of them there are).

As to anything held paperwise (electronic on screen record broker/nominee held etc)
- they can be borrowed - see my post above re GLD shares
- they can be hypothecated & re-hypothecated - the MF Global experience

or paper can be....

Cyprussed - shareholder wipe out, bond-holder wipeout, above 100,000 euro depositors -80% wipeout

Greeked - Sovereign Gov't debt holders 80+% - wipeout

UK Co-op'ed - bond holders - 80% wipeout

So i will leave my thoughts as to paper investments
- with just those comments.


And a chart illustrating what Johnny Foreigners opinion of ....US Treasury.... paper
is....
- getting the hell ...(discreetly without crashing the price)....out of dodge perhaps

Just 7 mins.... and worth watching on several counts
- major one
- Glyphosate residues are being found - EXCEEDING safe levels
- However the EPA is taking - swift action
- By.....

- INCREASING the ...existing...permited residue ..."safe levels"
- by up to.....a factor of....3,000
- making the new revised - safe acceptable levels
- up to 3,000 x higher,..... than the existing safe levels

Coin invest have changed the lay out on their web site.
No more 'best value'
and split in pages

Can't say I think it has improved

Gaz - If the decline of bees CCD (Colony Collapse Disorder) was planned that would explain the need for gene banks and the reclusive Svalbard seed vault (NorGen) near the North Pole financed by Norwegian Gov't and GCDT (Global Crop Diversity Trust) Which has Gates name and money all over it.

I smirked-wryly when the strongest earthquake in Norwegian history hit the Svalbard Archipelago just after the seed vault was fully commissioned and a week before the Norwegian Prime Minister Jens Stoltenberg and the then EC President Barroso were to perform the official opening ceremony. ))

http://my.opera.com/nielsol/blog/2008/03/01/svalbard-earthquake

S.

Jim Willie interviewed by S/Doc





He called Barclays - "problems" correctly - now public
- a hole in it's capital needs... requiring a huge multi-billion rights issue
(generally that is descibed out here in the real world as.....insolvency)

He has also mentioned Deutsche & Citi as in the same boat
- goes into great detail, as to if/when..... Deutsche goes .....(Think Lehman/AIG x multiple SHTF scenario)
- Interesting comments - on Interpol raiding Deutsche bank's CEO office
(CEO ousted & vice presidents being - indicted....and doing deals with interpol)

JPM - not yet delivered on it's way back ....June deliveries...of silver
JPM - buying up ....90% of comex SILVER delivery contracts....and having them delivered...into London

Allocated gold accounts raided and taken - up to 60,000 tons
- The wealthy unable to... get their gold out of Swiss banks
- A friends former colleague now - guarding f/knox
(will let you guess what he says in ...in there)
- Morgan Stanley - stalling & delivering.....allocated metal.....with "different serial No's - to those that were...deposited"
- Metal holders - being told you can't have your metal.....read the fine print (Settlement may be made - in cash - dependent on our business conditions)
.......and a lot more !

We got the end of month print and it was....Ta Da....An 'Harami Doji'...

Which being right at support has the potential to form a bottom. We need to see this candle followed by an upside candle for confirmation. And as we are entering into the seasonally bullish time-frame of August it could well be that we see a big white candle on this chart?/...



S.