11 March 2014

SP 500 and NDX Futures Daily Charts - Seems Almost Like the Summer Doldrums

As Jesse Livermore once said, 'Never short a dull market.'

And this market is dullsville. If something sets it rolling downhill, it could go some way before it hits anything solid.

But, the Fed seems to have their backs.

NAV Premiums of Certain Precious Metal Trusts and Funds

The Sprott Silver Trust is getting low on cash as a percentage of its overall assets.  This time last year it had about $14 million in cash.

Typically they would look to do a secondary offering to add silver and cash.  That tends to temporarily lower their premium to NAV.

10 March 2014

Gold Daily and Silver Weekly Charts - Is Today Just Another Day in the Matrix

If someone strangles the canary, does that mean that the mine is now completely safe and risk free?

Neo: What does that mean?

Cypher: It means fasten your seat belt Dorothy, because Kansas is going bye-bye.

The Matrix

Have a pleasant evening.

SP 500 and NDX Futures Daily Charts - Ho Hum

As boring days go, today was a fairly boring day.

Given all the florid headlines about the confrontation in the Ukraine, the markets shook it all off.

Have a pleasant evening.


09 March 2014

Ukraine Gold Reserves Said To Be Put On Plane For Safekeeping in the US

Depiction on the Arch of Titus of the gold Menorah being
taken from the Temple to Rome after the sack of Jerusalem
This is a story based on a report out of the Ukraine. Obviously I do not know yet if it is accurate. The information coming out of the Ukraine and Crimea should be sifted carefully, no matter what the source. 

I find this one hard to believe.  I am informed by highly reliable people that no one cares about gold anymore. And very important analysts claim that transporting many tonnes of gold (Ukraine is said to have about 33 tonnes) is very difficult, and so unwieldy and fraught with peril that it must be a multiyear project.

But if the Ukraine's gold was taken away for safekeeping, it may be so safe that they will never see it again for a long time.  Just ask Germany.

Newswire 24
Ukrainian gold reserves loaded on an unidentified transport aircraft in Kiev
By Marcus Brooks

According to the iskra-news.info last night ,Ukrainian gold reserves (40 sealed boxes) were loaded on an unidentified transport aircraft in Kiev’s Borispol airport. The board took off immediately.

A source in the Ukrainian government confirmed that the transfer of the gold reserves of Ukraine to the United States was ordered by the acting PM Arseny Yatsenyuk.

So my guess is, that is if indeed this report is true it either means the new ruling elite have stolen the gold bullion or perhaps their is a legitimate fear of the Russians taking possession of this bullion, whatever the facts, it still looks very shady indeed.


Official narrative: gold bullion is going to USA (maybe to reassure the Germans their gold is in safe hands, after all the despite numerous requests from the German Govt The Feds have not given access for them to even view their Gold Bullion) . Real narrative: probably to Switzerland where it is divided between Yulia Tymoshenko and her cronies.

Here is a machine translation of the story in Russian from Iskra News:

Tonight from Borispol in the U.S. strartoval plane with gold reserves of Ukraine

As our site workers airport "Borispol", this night in 2-00, with the designated airport runway started unregistered transport plane ...

According to the staff "Boryspil", before it came to the airport four collector car and two cargo minibus Volkswagen, while , all arriving truck license plate missing. Car pulled out of about fifteen people in black uniforms, masks and body armor. Some of them were armed with machine guns. These people have downloaded the plane more than forty heavy boxes ... After that, some mysterious men arrived too entered the plane.

All loading was carried out in a huge hurry. After unloading the car without license plates immediately left the runway, and the plane took off on an emergency basis ... Those who saw all this mysterious "special operation" airport officials immediately notified the administration of "Boryspil", from which received a strong recommendation "not to meddle in other people's affairs ..."

Later, in received call back one of the senior officials of the former Ministry of income and fees, which reported that, according to him, tonight, on the orders of one of the "new leaders" of Ukraine in the United States has been taken all the gold reserves in Ukraine ...

08 March 2014

Third World America: 'The Greatest Health Care System In the World'

“Propaganda serves more to justify ourselves than to convince others; and the more reason we have to feel guilty, the more fervent our propaganda.”

Eric Hoffer

“It is a far, far better thing to have a firm anchor in nonsense, than to put out on the troubled seas of thought.”

John Kenneth Galbraith