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  • Is 2012 Silver's Year? [View article]
    HL: News today

    "The Lucky Friday Mine, one of the nation's top silver producers, may remain closed for a year after inspectors determined that sand and concrete material that had leaked from a pipe into a mine shaft over the years needed to be removed."


    "The closure prompted Hecla to reduce its estimated silver production for 2012 from more than 9 million ounces to about 7 million ounces, all from its remaining Green's Creek mine in Alaska."

    And we all thought the government couldn't do anything more to adversely influence the market for gold, silver and miners.

    Guess what.....less supply = higher price of silver.
    Jan 12, 2012. 04:10 AM | 2 Likes Like |Link to Comment
  • Is 2012 Silver's Year? [View article]
    "From a trading standpoint, the March silver futures contract on the COMEX is trading with the highest volume of any near-term contract. "

    You won't get any support from me on recommending that ANYONE use the COMEX criminal minipulation exchange.
    Jan 12, 2012. 04:04 AM | 3 Likes Like |Link to Comment
  • Mark My Words, Gold Is About To Skyrocket [View article]
    I continue to hold my gold insurance policy. Just like I continue to hold my life insurance policy. I haven't decided to up the amounts of either.

    I will sell some gold stocks if gold breaks $1900 again, but that depends on how silver is doing.
    Jan 12, 2012. 03:59 AM | 2 Likes Like |Link to Comment
  • It's Not What Bulls Are Seeing, It's What They Are Ignoring [View article]
    Well so long as markets don't reflect fundamentals line growth in GDP, reductions in unemployment, deficits, trade deficits, falling or rising dollars, etc....then I guess you just flip the coin or throw the dart. But, I see the bear in the woods. So....I am hiding from the bear.
    Jan 12, 2012. 03:54 AM | 4 Likes Like |Link to Comment
  • December saw 205,024 foreclosure filings, a 9% decline M/M, a 20% decline Y/Y, and a 49-month low. Filings were down 34% Y/Y in 2011. But despite the seemingly positive slowdown, RealtyTrac says foreclosures were in "full delay mode" in 2011 and will rise once again in 2012 as lenders take action.  [View news story]
    Yep....I'm sure those lenders are ready and waiting to take recognize those losses.
    Jan 12, 2012. 03:48 AM | 2 Likes Like |Link to Comment
  • What Really Caused The Recession? [View article]
    Blueline....The Utopian dream is only the facade that the elitists use to sell their BS to the rest of the world. The elitists never believed in anything resembling the "message" they send.

    The elitists are always in it for themselves and only for themselves and their elite families. They promote those agendas that allow them to accumulate and preserve while the rest of the world trys to struggle each day to get through. There is no leader in the US in recent history (since 1913) that hasn't been a co-opted member of the "elites". How do you think Clinton - a guy who never had a real job other than public service - could afford to spend $3 million his daughter's wedding. Because he was bought and paid for, just like all the rest. The leaders are puppets. Why would anyone want to be a leader?
    Jan 11, 2012. 09:30 PM | Likes Like |Link to Comment
  • Unmitigated Good News On Jobs [View article]
    GR...that's only logical.
    Jan 10, 2012. 02:18 PM | Likes Like |Link to Comment
  • The 'Real' Employment Situation Report [View article]
    Didn't the little green Yoda man in Star Wars say essentially, "Try Not, Only Do!" That's how you will know if it works....just do it. Clearly what we have been doing is not working and what we think we are doing is not working.

    Kennedy threw down the gauntlet of putting a man on the moon. Today we need leader(s) who can convince the American people that there is a plan and that it is essential to implement.
    Jan 9, 2012. 11:33 PM | 1 Like Like |Link to Comment
  • The 'Real' Employment Situation Report [View article] wife told me today COBRA for the two of us would be >$850 a month. I think I'd be happy to pay Medicare something on that order (hopefully) less for a comparable policy.

    I think we could get Hollywood and maybe Hooper to make it a foursome.
    Jan 9, 2012. 06:01 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    SNB Chairman....just another example of the rich and powerful insiders....seems they have a tough time maintaining their honesty...but then again....who teaches that anymore.
    Jan 9, 2012. 05:53 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    James, but from my experience in Shanghai, there are tons of electric bikes and scooters, and you know what....I think electric scooters would go over quite well here in the US. They seem pretty utilitarian. Just saying.
    Jan 9, 2012. 05:50 PM | 1 Like Like |Link to Comment
  • The European Situation: Where Does Sovereign Credibility Come From? [View article]
    "Barro is suggesting that the only way that the fiscally irresponsible will become credible is for them to be “out-on-their-own” again where they will have to be totally responsible for their own actions."

    Could we say the same thing about the TBTF banks?
    Jan 9, 2012. 05:27 PM | 1 Like Like |Link to Comment
  • Bank On It: Financials Will Lead The Way In 2012 [View article]
    Good luck to you all....I wouldn't touch the banksters with a 10 foot pole, neither as an investment nor as a supplier of banking services. I think they all have work to do to re-furbish their brands.
    Jan 9, 2012. 05:21 PM | Likes Like |Link to Comment
  • Gold And Silver Is Risky For The Long Term [View article]
    Debutant....I am on the same page as you. I will be coming to Prague, Vienna and Budapest this summer. I expect a wonderful vacation.

    Hopefully we don't have to live to a long and ripe old age to see these changes.

    Vielen Dank (just guessing)
    Jan 9, 2012. 05:13 PM | 1 Like Like |Link to Comment
  • The 'Real' Employment Situation Report [View article]
    Papa, you are talking about the food chain of technology and education. We all need to climb the food chain through education or through whatever means we acquire skills or use "gifts" we have that allow us to compete. We are constantly adding to the top layer the newly educated and newly skilled, while those at the top become top-heavy to those at the bottom of the food chain. Thus we are constantly looking for a way, not to deal with the additions at the top, but with the "deletions" at the bottom.

    From my past with Larry, I think he gets that and has introduced a concept that I have seen really no one else talk about and that is that we need to figure out what to do with the "deletions" from the bottom who find themselves without a capacity to compete in the labor market for a wage that allows them to be self-supporting.

    Interestingly, while on business trips in China, I have seen what I would consider alot of these kind of people. Some are out in the street sweeping with a broom made of twigs. Others are perform simple tasks like wheeling a cart full of boxes down the street. In the US, we have machines and couriers that do these jobs. I suspect they are subsidized essentially with a government issued pay check, but they are performing a service/task of some kind.

    In industry we have "outplacement" programs from people leaving companies in take-overs, etc. Perhaps we should have an "outplacement" program for people leaving the workforce because they have been "deleted" from the bottom of the ladder. And many companies and government offices look at "early retirement" offers to encurage people to consider leaving. It's an interesting concept to consider. And, as I mentioned earlier....what if this trend accelerates?

    Hey....set my full SS retirement age to 60 and put Medicare down to 60 so I don't have to COBRA for insurance coverage, and I'll leave the workforce early.
    Jan 9, 2012. 05:01 PM | 1 Like Like |Link to Comment