Donald Ingram is a luckily retired 'first wave' Baby Boomer. For how much longer? Who knows! He is a dedicated self-described gold bug. He follows the Austrian School of Economics and is a member of the Mises Institute. He is a golfer, historian, gardener of horticulture and ex military man. Donald Ingram http://seekingalpha.com http://seekingalpha.com/instablog/411333-donald-ingram/124825-strange-comparison-of-unemployment-numbers?source=feed 124825 Last week of December 2009
versus
Last week of December 2010

Last year's SA (seasonally adjusted) number for this week was 454,000 and NSA (non seasonally adjusted) was 556,000. That was a SA of -18.3%.

This years SA number for this week is 388,000 and the NSA is 521,000.
That is a SA of -25.5%.

This does not make much sense since it shows that the actual numbers are lower than last year's, but not by very much. Yet the reporting of the numbers is twisted to make it appear much lower, due to the huge seasonal adjustments that the Department of Labour is using.

Do they think that we are stupid?
Do they actually think that this will not be noticed?
If it is noticed, will people care? This is the crux of the matter, is it not? Just blatantly fudge the numbers since no one seems to care anyway!

Welcome to the new "fraudulent" normal.]]> Sat, 01 Jan 2011 03:52:10 -0500 Last week of December 2009
versus
Last week of December 2010

Last year's SA (seasonally adjusted) number for this week was 454,000 and NSA (non seasonally adjusted) was 556,000. That was a SA of -18.3%.

This years SA number for this week is 388,000 and the NSA is 521,000.
That is a SA of -25.5%.

This does not make much sense since it shows that the actual numbers are lower than last year's, but not by very much. Yet the reporting of the numbers is twisted to make it appear much lower, due to the huge seasonal adjustments that the Department of Labour is using.

Do they think that we are stupid?
Do they actually think that this will not be noticed?
If it is noticed, will people care? This is the crux of the matter, is it not? Just blatantly fudge the numbers since no one seems to care anyway!

Welcome to the new "fraudulent" normal.]]> http://seekingalpha.com/instablog/411333-donald-ingram/116500-the-comex-short-metal?source=feed 116500 In silver, there are 17,208 open contracts or, 86 million ounces. The Comex reports 48.5 million ounces available and approved for delivery. 
Any open long positions as of this morning are capable of taking delivery of gold and silver.
If the cartel is unable to force liquidation of a majority of the open gold/silver positions...
Houston. We have a problem!

Disclosure: No Positions]]> Mon, 29 Nov 2010 21:56:58 -0500 In silver, there are 17,208 open contracts or, 86 million ounces. The Comex reports 48.5 million ounces available and approved for delivery. 
Any open long positions as of this morning are capable of taking delivery of gold and silver.
If the cartel is unable to force liquidation of a majority of the open gold/silver positions...
Houston. We have a problem!

Disclosure: No Positions]]> Comex open interest long positions gold silver liquidation cartel delivery http://seekingalpha.com/instablog/411333-donald-ingram/106228-another-recession-dead-ahead?source=feed 106228
To smooth out this volatility its necessary to look at the CMI 186-day and 365-day growth indexes.

See chart;
http://www.dshort.com/charts/Consumer-Metrics-Growth-Index.html?CMI-shift-series-04

Note that during the most pronounced part of the last downturn, Q4 2008, the 365-day never went below -2%, while at present it sits at -2.88% and trending solidly down. This portends a much lower GDP number in Q4 2010 and lower still in Q1 2011. These trends in the CMI growth indices, add credence for the much dismissed double dip occuring during the first half of 2011.

Disclosure: Long physical gold and silver.]]> Sat, 30 Oct 2010 15:10:58 -0400
To smooth out this volatility its necessary to look at the CMI 186-day and 365-day growth indexes.

See chart;
http://www.dshort.com/charts/Consumer-Metrics-Growth-Index.html?CMI-shift-series-04

Note that during the most pronounced part of the last downturn, Q4 2008, the 365-day never went below -2%, while at present it sits at -2.88% and trending solidly down. This portends a much lower GDP number in Q4 2010 and lower still in Q1 2011. These trends in the CMI growth indices, add credence for the much dismissed double dip occuring during the first half of 2011.

Disclosure: Long physical gold and silver.]]> GDP consumer CMIGI down turn double dip depression recession http://seekingalpha.com/instablog/411333-donald-ingram/98306-nearly-8-in-10-americans-now-living-paycheck-to-paycheck?source=feed 98306
http//careerbuilder.com/share/aboutus/pressrel...

- In 2007, 43 percent fell into this category.
- In 2008, the number increased to 49 percent.
- In 2009, the number skyrocketed up to 61 percent.
- In their most recent survey, the number exploded to a mind shattering 77 percent.

This means in our nation of 310 million citizens, 239 million Americans are one setback away from economic ruin. The survey also reported that two in three (66 percent) do not save, while 28 percent set aside only $100 or less per month for savings.

Disclosure: No Position.]]> Sat, 02 Oct 2010 10:56:11 -0400
http//careerbuilder.com/share/aboutus/pressrel...

- In 2007, 43 percent fell into this category.
- In 2008, the number increased to 49 percent.
- In 2009, the number skyrocketed up to 61 percent.
- In their most recent survey, the number exploded to a mind shattering 77 percent.

This means in our nation of 310 million citizens, 239 million Americans are one setback away from economic ruin. The survey also reported that two in three (66 percent) do not save, while 28 percent set aside only $100 or less per month for savings.

Disclosure: No Position.]]> income paycheck saving survey http://seekingalpha.com/instablog/411333-donald-ingram/85090-full-employment-mandatory-service?source=feed 85090
H.R. #5741 will give the President the authority;
"To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defence and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes."

Welcome back to the age of 'Mandatory Service.' This proposed legislation in the from of H.R. #5741 was introduced July 15, 2010 and is now currently in debate in the House Committee on Armed Services.

Disclosure: Disclosure: No Positions.]]> Mon, 02 Aug 2010 13:31:55 -0400
H.R. #5741 will give the President the authority;
"To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed services or in civilian service in furtherance of the national defence and homeland security, to authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, and for other purposes."

Welcome back to the age of 'Mandatory Service.' This proposed legislation in the from of H.R. #5741 was introduced July 15, 2010 and is now currently in debate in the House Committee on Armed Services.

Disclosure: Disclosure: No Positions.]]> employment unemployment government legislation http://seekingalpha.com/instablog/411333-donald-ingram/83567-abandoning-precious-shorts?source=feed 83567
In Friday's Commitment of Trader's Report, JP Morgan reduced their net silver short position by 3,254 contracts. The eight bullion banks led by JP Morgan, hold 76.6% of the entire gross commercial silver short position.

The total commercial net short position in gold, fell for a second week in a row - down 32,684 contracts, to 21.6 million ounces. Which is a bit over 100% of the gold commercial net short position by the '4 or less' bullion banks.

Could it be that the decade long holders, of the majority of commercial net shorts in gold and silver, are abandoning their precious shorts in advance of a ruling by the CFTC mandate? If this be the case, then the prices of both gold and silver will rise dramatically, when freed from the constraints of these grotesquely large concentrated short positions. All eyes are now on the CFTC and what transpires within the next 180 days.
 

Disclosure: Long physical gold and silver.

Disclosure: Long physical gold and silver.]]> Sun, 25 Jul 2010 01:50:23 -0400
In Friday's Commitment of Trader's Report, JP Morgan reduced their net silver short position by 3,254 contracts. The eight bullion banks led by JP Morgan, hold 76.6% of the entire gross commercial silver short position.

The total commercial net short position in gold, fell for a second week in a row - down 32,684 contracts, to 21.6 million ounces. Which is a bit over 100% of the gold commercial net short position by the '4 or less' bullion banks.

Could it be that the decade long holders, of the majority of commercial net shorts in gold and silver, are abandoning their precious shorts in advance of a ruling by the CFTC mandate? If this be the case, then the prices of both gold and silver will rise dramatically, when freed from the constraints of these grotesquely large concentrated short positions. All eyes are now on the CFTC and what transpires within the next 180 days.
 

Disclosure: Long physical gold and silver.

Disclosure: Long physical gold and silver.]]> gld slv commodities CFTC Obama FinRegs law position limits Commitment of Trader's Report JP Morgan banks bullion net shorts gold silver