October 21, 2018 

Ideal Time for Facts


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 By Michael Miller

09/28/2012  2:54PM

I subscribed to the Economist to gain a global awareness. Like the joke I heard years ago about how the miners felt like a mushroom…kept in the dark and fed manure. Over the past decade a noticeable lack of articles about gold are published. The July 10th 2010 issue cover excited me with this: “Why gold has probably peaked.” Here are some excerpts I highlighted.

“Low returns on other investment and fears about the world economy have caused the price of gold to soar. Don’t count on its continued rise. Willem Buiter, a former professor at the London School of Economics who is now the chief economist of Citigroup has called gold the subject of ‘the longest lasting bubble in human history.’ He says that he would not invest more than a sliver of his wealth into something without intrinsic value, something whose positive value is based on nothing more than a set of self-confirming beliefs.” Gold was selling at a little below $1200 an ounce at the time of this article.

The concluding paragraphs of this three page article say: “All this suggests that the traditional markets for gold cannot be expected to pick up the slack if rich world investors’ appetite should fail. As long as the world economy remains uncertain and investors fear inflation and sovereign default, gold will keep its allure. Eventually, however, the price will weaken; it is even possible that the recent slide below $1200 marks the turn. And investors may look back on the bull run of 2009-10-or 2009-2011-with the sort of wonder that humanity has too often reserved for the yellow metal itself.”

The article yaks about three question vital to understanding the future prices of gold.: how long investors keep piling into gold; will jewelry demand pick up the slack; and how will supply respond if the price stays high. The writer(s) reflect on the first two but ignore production. If the World Gold Council’s numbers are correct, gold production is in decline. If aware geologists’ observations are correct, the troubles in South Africa, Peru, Indonesia and the high costs of getting a mine into production and keeping up with regulators’ opposition to mining continue, gold production may significantly decrease in the future.

I found the article interesting when read in July 2010, and find it as interesting to read today. Spot price of gold today was S1776 an ounce.
 By bluejay

07/15/2012  10:27AM

The article below was written by Jim Willie.
 By bluejay

07/15/2012  10:26AM


The attorneys and aggrieved victims are lined up, as perhaps over 900 thousand lawsuits will come. That is how many adjustable rate mortgages were arranged from 2005 to 2009, with underwriting banks serving the complaints. The army of US legal beagles is on the job. The lost income to the victims is obvious. The lawsuits will eventually target the central banks. The fraud reaches into the $trillions easily, when all the derivatives are factored in. Think many $trillions in volume times small percentages skimmed illegally. The mainstream press carefully avoids such topics. Do a GOOGLE search of "municipal lawsuits LIBOR" to produce 21.1 million hits. This story will be gathering momentum for several months, and be in the headlines a year from now.
 By bluejay

07/15/2012  9:10AM

If we were to walk into a bank with intentions of stealing money and walked away with it the punishment would be jail time. Now the bankers can steal money by manipulating the Libor rate and just pay fines for their crimes and walk away?

In this morning's NY Times article, "U.S. builds criminal cases over price fixing," it states that civil and criminal actions "COULD" cost the banking industry tens of billions of dollars. Is anyone going to figure out how much all this stealing by the banks amounted to?

Since this is probably the biggest heist the banks have collectively pulled off in history one would think jail time for the individuals involved is fitting.

It seems the Justice Department has had an on-going investigation into Global rate fixing, looking closely into the dealings of more than 10 big banks in the U.S. and abroad. All will be forgotten soon as this type of drama repeats itself with the banksters, basically, always receiving the get out of jail card while the other law abiding players seem to always get nailed for their illegal reckless behavior.

The day will come when, as a result of a crisis, you will not be able to get your money on deposit with them. This is why they don't control my destiny.
 By bluejay

07/14/2012  6:52PM

Check out the most current story at http://www.jsmineset.com concerning no real collateral in the banking system but just debt and more debt. The interview with Maxx Keiser is quite enlightening.
 By bluejay

07/14/2012  2:10PM

The big banks are scum-bags.

 By Rick

07/13/2012  8:21PM

YES!! It will happen!
 By bluejay

07/13/2012  9:26AM

Here's something positive: If Reed and the boys come up with 5000 ounces of gold it will mean at least $6 million plus the gem quality factor which would multiply that number.

It's absolutely amazing how little acknowledgement the uninformed public places on our Company's prospects with all of our proven gold properties. Our fortunes are just around the corner and may come any day now, when least expected. It's just a matter of time and WE ARE DUE!

The largest high grade pocket ever found in California was pulled out of the 16-1 and was worth about $134 million at today's price.

 By Rick

07/10/2012  7:44PM

Everyone! (Big Al, Bluejay and of course Scoop)

It's time to turn our heads, our focus, from negative to Positive, REGARDLESS of our adversity!

We do this in our personal lives, every day. We wake up knowing that we are in command of our own destiny. Right?!!!

We KNOW that success isn't defined by what others suggest....nor by what others throw down in front of us.

IT IS TIME to direct our energy to the positive, inevitable, right-in-front-of us success.

Can you see it, RIGHT THERE?? It is.
 By bluejay

07/10/2012  8:48AM

Increasing unproductive government hiring, more controlling rules and regulations, courts not protecting the Constitution, increased taxation in proping up a degrading power base and no more Rule of Law, it's all in the linked article below by Martin Armstrong:

 By Big Al

06/17/2012  9:21PM

To Rick, As I was telling a friend of mine, Ed Smith, the brother of Smoky Smith that owned Black Barts welding, that I would be moving to a mine up on Kanaka Creek over upper Tyler Foote, he replyed, oh, thats the one the Swiss Engineers bolted to the side of the mountain to stabilize it when they built it. When you look at the side of the wall from a curve you can still see the bolts and plates they used. Sadly, Ed, and his brother Clarence (Smoky) Smith have died, I miss them, but when I drive upper Tyler to Foote's crossing I remember those words. Big Al
 By Michael Miller

05/12/2012  6:00PM

I was a guest speaker at the Sierra Fund conference in Nevada City on May 3, 2012.
Below is the synopsis:


Did you know that America’s oldest gold mining company operates the Sixteen to One mine about one hour from the Miners Foundry in Nevada City? Michael M Miller, president of Original Sixteen to One Mine speaks about the past, present and future of gold. He discusses reasons why and how the Sixteen to One survived through the tough years for gold miners, the Company’s current operation and its plans for leadership and the exciting outlook for the next decade PLUS DETAILS ABOUT THE UPCOMING MINE TOUR. A view from inside the Sierra Nevada turns feelings into facts, dreams into reality. It is safe but your feet get wet.

Sixteen to One mine is an high-grade, underground, traditional, gold deposit with one significant exception: the concentration (pockets) of gold in white quartz is so concentrated it’s measured in ounces per pound. It is one of the richest concentrated gold deposits in the world. Alleghany is recognized as the last gold mining camp in California, a place where history meets the present.

His focus:
GOLD MINING IN THE 21st CENTURY in the Sierra Nevada Mountains of Northern California! Is it beneficial to our communities? Will it bring lasting harm to our environment? Is gold mining history relevant today? Why are people upset with natural resource industries?



Questions are encouraged on all gold and mining related topics: health concerns; government regulating too much or too little; speculation, investment or a gamble; social/economic benefits or losses.”

This nonprofit took a questionable position last year entitled “Legacy of Toxic Mining in the Sierra Nevada”. Of the sixty speakers, only three of us offered any rebuttal to the exaggerated positions. I was invited back and again too the only rebuttal to the gloom and fear of abandoned mines in the Sierra Nevada, which they now named, “Reclaiming the Sierra”. The organization is sincere and well-meaning but sorely out of touch with real fear for this mountain environment: FIRE.

My talk closed saying, “if you really want help the Sierra Nevada spend your time and money on forest restoration. The Sierra Nevada is in grave danger from fire not abandoned mines.” The overzealous environmentalist has placed our forest in eminent danger. Their position has been: No cutting anything. The understory is over grown and a fire hazard. Poor trees are left to take water and space from healthy trees. The question of fire is not “if” but “when”. They call themselves progressive activists. They are not thinking progressively. They may be smart enough to change. Ignorance is the enemy. Enlightenment is the solution.
 By Rick

05/05/2012  9:17PM

Michael Miller's message below rings a loud bell!

I have seen the Chinese walls that extend 1000-ft below the one-lane treacherous decent into the Kanaka Creek on Tyler Foote Crossing (scariest road I've ever driven) and peek over the edge with wondrous abandonment:

How did they do that??

Michael's message below brings forth the message that historical knowledge must be nurtured, lest be lost.

It takes a strong will, unfathomable strength of character and will, to even go underground and break rock....I only know this because I have only witnessed it, a very few times first-hand, and nothing close to the reality is takes....scared the crap outta me to even live it for a few hours....

The only, ONLY way this knowledge can be shared, the wisdom passed along for future exploration, empowered by the passion it takes to even try, is to have the freedom to do so.
 By Michael Miller

05/05/2012  9:32AM

Our Company has been aware of the following, discussed it and planned to mitigate the conclusions expressed by the thought expressed below by Ahead of the Heard. The Sixteen to One will overcome the threats due to our foresight and circumstances.

A combination of mass retirements and increasing natural resource demand from emerging economies has created a crisis in the resource extraction sector - one which is definitely not on investor’s radar screens.
Currently there is a “massive talent gap” that is going to get worse because the global mining industry is experiencing the biggest wave of workforce retirements in 70 years - the oldest baby boomers turned 65 years old in 2011.
The Mining Industry Human Resources Council (MIHRC) has recently said that about 40% of the resource extraction industry’s workforce is at least 50 years old and one third of them are expected to retire by 2022. .
Increased resource demand is driving demand for skilled workers. A shortage of skilled workers was the second biggest business risk for mining in 2011 (as it was in 2010) and is forecast to be the number two risk (resource nationalism/country risk is the number one risk) for miners again in 2012. In the coming years a lack of skilled workers is going to be the major cause for concern in the resource extraction industry.
“Given the aging profile of the current workforce and a lack of engineers and geologists with enough experience, the labor resourcing requirements for new mining projects at various stages of development across the globe are simply not going to be met. Production targets and project deadlines are inevitably going to slip. The time taken to train a mining professional can be up to five years, but it is the candidate with around ten years experience who is in particularly short supply. A failure by the mining industry to recruit and train during the tough times in the 1990s, when the price of metals plummeted, has led to particular shortages of mid-career professionals.” Mining Global Employment Review 2011, Faststream Recruitment

Just when we need it the most the mining industry is starting to suffer a massive loss of accumulated wisdom, knowledge and field experience. This loss of experience, when combined with labor shortages, means future mineral output will be constrained and that has bullish implications for prices.
 By David I

04/22/2012  9:14PM

That is one the remarks of wisdom to reality that I have had the pleasure of reading. We need Government to get out of the way.
 By bluejay

04/22/2012  10:17AM

From the Casey Wire:

If history has taught one certain lesson, it is that the less fettered an economy, the better humankind is able to do what it does best: run from trouble and run toward opportunity. In this way mistakes are quickly resolved and progress assured.

Conversely, the deeper the muck of regulation, mandates, taxes, subsidies and other bureaucratic meddling, the slower we humans are in following our natural instincts until the point that progress is slowed or even stopped.

It is said that history doesn't repeat itself, but it often rhymes. In the current circumstances, it appears that enough time has passed that current generations have completely forgotten the critical connection between the ability of humans to freely pursue their aspirations and economic progress.
 By bluejay

04/20/2012  10:13AM

In a 10/2/11 interview with Jim Puplava, Martin Armstrong said the following concerning lawmakers:

Martin: Well unfortunately they’re not economists. Most of them are not even business people. Most of them tend to be probably the dominant profession of lawyers. And they have this attitude that they can pass a law and everybody has to comply. But that is not the case. You can pass a law and say 65 miles an hour and nobody can go above that. I mean, we are always looking at more and more regulation, and the problem is that we had this economic decline and then the natural response from someone is to say it wasn’t regulated enough.

We had more than ten agencies regulating the CDSs that collapsed. Not a single one did anything to prevent a central crisis in this country. We keep adding layers and layers and layers of regulation, but they simply do not work. I mean the SEC has not prevented one economic recession, one economic decline. We have too many agencies and that is the problem of why they created Homeland Security because they admitted that a lot of these agencies had information on 9/11. Even the people who were from the first attack on the world trade center had drew the world trade center on the walls of their jail cells with planes going into it a year before. They took pictures all kinds of stuff, but nobody does anything.

You have too many agencies and so they create Homeland Security supposedly to sit on top of all these agencies to get the information, and we are just so over regulated. I mean, just have one agency to do this. Why do we need so many different ones and they all contradict each other and then they compete and won’t share information. So we seem to defeat everything we do, but the answer is always to not improve what we have, but always add another agency until the point we have so many people running around, it is crazy.
 By Rick

04/14/2012  10:05PM

September 12, 2005....date when I initiated this topic...when the CDAA was riding rough-shod over the mine with criminal intent.

Corruption doesn't change course, does it?

Most instructive to recognize, throughout this battle against obstructionist non-elected, imbedded, corrupt and criminal regulators is the stark reality that the former CDAA rep is holding an active position in the EPA.

Where is the integrity of the California AG? Or the former, now Gov, AG???

Hey Jerry, do some home-work to realize what crap you've decided to ignore. Your reputation and integrity is at stake....

Summary: politically appointed adjenda-driven regulators will never be held accountable for criminal actions when the head of the snake doesn't look back into the crap in its intestines.

04/14/2012  11:06AM

Mike, in my very humble opinion you did the right thing with SMARA. Continued litigation, especially with the government, is a heavy pall that can prevent forward progress. I expect to learn a lot more about SMARA in May. Looking forward to meeting you, Ron
 By bluejay

04/13/2012  9:14PM

You have an obligation out of respect to thoroughly read and digest the gift that our founding father bestowed upon us, the people in our Constitution. The following article by Martin Armstrong is one of the best works I have ever read concerning the people's rights that have been slighted by some of the "high priest" judges that have been appointed to the Court in the past along with the Congress of mostly lawyers who have done no better.


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