September 18, 2020 
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Topic:
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 By bluejay

02/27/2012  6:17PM

Jim Sinclair’s Commentary

There will be many more to follow as many are sitting directly on the go/no go decision

Stockton to Take Steps Toward Bankruptcy, City Manager Says
February 24, 2012, 5:22 PM EST
By Alison Vekshin and Michael B. Marois

Feb. 24 (Bloomberg) — Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt and bookkeeping errors that misrepresented accounts, city officials said today.

The Stockton City Council will meet Feb. 28 to consider a type of mediation that allows creditors to participate, the first move toward a Chapter 9 bankruptcy filing under a new state law. The council will also weigh suspending some payments on long-term debt of about $702 million, according to a 2010 financial statement.
 By Big Al

02/22/2012  11:25PM

The draft proposals for dredgeing are out, close of public comment is a few days away, please go to western mining alliance's website and check it out. Big Al
http://westernminingalliance.org/
 By Big Al

02/19/2012  9:49PM

Josephine County, Oregon. Sheriff Gil Gilbertson has been researching the constitutionality of the actions of the federal government, his ten page document is well worth reading and passing on. http://politicalvelcraft.org/2011/12/16/breaking-oregon-sheriff-gil-gilbertson-continues-stand-against-federal-government-in-his-county/
 By bluejay

02/16/2012  9:02PM

California State Senator Noreen Evans from the 2nd District just got another reminder that she has failed, again, to address my concerns relating to the Central Water Board's persecution of our family's investment in the Original Sixteen to One Mine.
 By bluejay

02/15/2012  5:54PM

This is short and to the point in regards to keeping the faith:

My son was told, by a dealership mechanic, that a 2004 Civic Honda just left ahead of him after being serviced in Las Vegas with 1,200,000 miles on it. It has been used as a courier service between Las Vegas and and Los Angeles.

Of course, it has been run on synthetic oil, no sludge.

And then I started thinking about our State bureucrats and all the sludge they shovel our way. All we have to do for the Mine is get rid of the delutional muckrakers who are bleeding our resources and fouling up our operation. Politicians, at the most, produce nothing but their own waste.
 By bluejay

02/14/2012  9:34PM

http://maxkeiser.com/

Tombstone Austerity & The John Brown Moment
 By bluejay

02/13/2012  10:07AM

The MF Global scandal of stealing from the public is now approaching $1.6 billion. Where are our representatives? Who has the money? It seems to point in J.P Morgan's and Jamie Diamond's direction. In the midst of this disgracement failing of government, Mr. Jamie Diamond has the gull to say that the banking industry is "over-regulated." Take Take Take.....Greed gone wild is why the world's financial structure is "coming apart at the seams" as the politicians remain as complacent as usual.

Our politicians only have to look towards Greece in the up-coming March elections when they all get thrown out of office to grasp the simple fact that they are all expendable at the people's will.

The following article by Martin Armstrong spells out the MF Global fiasco.

http://www.martinarmstrong.org/files/MF%20Global%20Continues/index.htm
 By Rick

02/11/2012  4:48PM

Excellent commentary, Mike.

And still, it begs the parallel question: "Where is the Water Board?" since water is cited as an issue.

The inequitable application of "justice" once again shows its blattant head.

This story is citeable in the record...we should!
 By Michael Miller

02/11/2012  2:39PM

This story is fraught with questionable statements. The land owner appears as stupid as the phony gold miners on TV, who are working in Alaska. The unidentified authorities in El Dorado seem arrogant in saying this is one of the most blatantly illegal gold mining operations ever seen in California. Another unidentified authority believes the property yields up to three ounces per ton. This is a regulatory hype to gain something (don’t know what) and is a blatantly irresponsible statement for an authority to make. The unidentified nearby resident’s statement of finding “plenty of gold flakes and nuggets weighing up to an ounce” must be related to a point in time. Did this happen in the 1970’s when the modern gold rush began? I doubt that no one is finding plenty of nuggets today or when the landowner lost his mind and began mining. Yes, today even a gravel operation must conform to Surface Mining Reclamation Act regulations if the size of the operation meets the threshold. He screwed up.


I hate to see the press treat this as if Mr. Hardsty (owner) is a gold miner. The mining industry has an uphill battle for educating the public about the benefits of natural resource extraction and its effect on the environment. I would like to ask the chief investigator, who is quoted that “the amount of gold they can pull out of there is astronomical” if he would put his credentials behind those words. Wow, a miner could use his statement to support financing the project (security laws, etc.), provide some blue collar jobs, increase our GDP and create a positive cash flow for the El Dorado community.


Maybe the last line of the story is the meat and potatoes of this whole story. “All the people up here are paranoid about it.” Fear and ignorance continues to run rampant in AP stories like this. If the “people up here” knew about a serious gold mining or gravel classification project coming to their community or more subdivisions, home construction, shopping malls and other city type industries, they may choose to do what a few planners realize. A well-conceived and managed gold mine/gravel plant may be a superior choice to protect the quality of life of California.


My industry finds it difficult to attract AP reporters or other news or story writers to dig into the issues of natural extraction in California’s Sierra Nevada Mountain gold belt. These want-to-be sensational stories are the ones that reach the newspapers, tabloids or internet. Truth, like gold, lies at the bottom.
 By gfxgold

02/10/2012  5:50PM

Here is one of the websites with the story.
http://www.newser.com/story/139397/californian-busted-for-lucrative-ilegal-gold-mine.html
 By Rick

02/10/2012  5:25PM

Today, listening to the news flagship in Sacramento, AM 1530, I caught a glimpse of a story headlined as "gold mine president shut down for opperating without a permit" and fined $990K....and by the time I got to the radio close enough to hear, the story was almost over....by then I wasn't able to take notes.

No, it wasn't us.

I didn't take notes of who or where, but is was someone local on some local river branch...shut down and cited for "opportating an illegal gold mine."

Did anyone else hear about this? Was it dredging? Was it a hard rock venture?

I'd love to hear the back story and investigation that led to it....Mike? Any clue?
 By bluejay

02/06/2012  4:56PM

The county Sheriff is the law and he must be supported to defend our rights.

Check out more to believe it can be done:

http://www.bobchapman.blogspot.com/

Check out the titled interview: "Ron Paul Will Get Nowhere at this point."
 By Big Al

02/05/2012  9:31PM

The little guys are rallying, check out Western Mining Alliance
http://westernminingalliance.org/
 By bluejay

02/03/2012  10:19AM

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

~ Thomas Jefferson ~
 By bluejay

01/30/2012  8:16AM

Sunday, January 29, 2012

From King World News,
Gerald Celente speaks his mind:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
 By bluejay

01/30/2012  8:16AM

Sunday, January 29, 2012

From King World News,
Gerald Celente speaks his mind:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/29_Gerald_Celente.html
 By bluejay

01/27/2012  6:01PM

January 27, 2012


TORONTO — The Honourable Joe Oliver, Minister of Natural Resources, spoke today to the Economic Club of Canada about the importance of Canada's natural resource sectors to economic growth and stability. The Minister noted the importance of an efficient regulatory environment to Canada’s ability to attract investment.

An excerpt from that speech:

"The natural resource sectors underpin Canada’s economy. In 2010, the energy, mining and minerals processing, and forest sectors contributed $140 billion to Canada’s gross domestic product. These sectors employed over 760,000 Canadians in communities throughout Canada, including remote and Aboriginal communities. Last year, Ontario’s natural resource industries employed a total of 276,000 people"

Sacramento's status quo mentality concerning the State's untapped resources is as stupid as it gets.
 By bluejay

01/25/2012  12:25PM

"The recent incident with Senator Paul being detained by TSA guards who specialize in harassing 6 year old little girls, is just the tip of the iceberg. The American tourist Trade has suffered a loss of $600 billion and should exceed $1 trillion very soon – the entire cost of the Iraq War. So while our Backroom Bureaucratic Dictatorship cannot sleep at night unless a TSA guard looks under your bed at night, they are systematically destroying the economy and world trade. Those 19 guys and a camel accomplished more than taking down the World Trade Center – they discovered the real way to destroy Western economies – unleash the Backroom Bureaucratic Dictatorship and they will take down society faster than Superman."

Martin Armstrong 1-25-12
 By bluejay

01/23/2012  8:48PM

re:

"Gold Still Attracking Investors Despite Recent Declines" - Sacramento Business Journal

STILL ATTRACTING INVESTORS???

Yes, still investing in gold, especially on declines, is the proven way to go.

First, Mike in the article gives us a great deal more smarts than the writer: you have to be careful with mining companies, especially with all the fraud in forcing them lower with naked short selling.

If you desire to be really educated go to and invest some of your precious time at:

1) bobchapman:blogspot.com

2) martinarmstrong.com

3) jsmineset.com

Basing your decisions upon the media is a "real loser."

What the article doesn't educate you on is, where the great percentages lie for your future security(or profits) versus your continuing loss of purchasing power along with the continuing debasement of our currency against gold. The story failed to acknowledge the biggest factor is gold's continuing expected rise and that is China.

I see China currently in the market as buyers for about the next five weeks or so and then they will sell some lower to control its advancing too fast, all within their long term plan of accumulating it in a slow and methodical manner to where it represents 10% of their current official reserves. With available information, China has today in the excess of 1% of gold in their reserves.

Martin Armstrong states that gold closing above $1680.10 this Friday will be important if gold phases out of its current broad resting period and starts a new short term move higher within its continuing bull market or begins weakness.

While Armstrong remains slightly bearish over the short term, I believe the odds of the trend turning higher by passing $1680.10 and closing above it by Friday are slightly better than Martin currently feels based on his studies. I guess we'll just have to wait for this pivotal weekly period to pass to see if gold goes into a new up phase or surrenders by continuing lower within its current resting period from the above $1900 highs.
 By bluejay

01/23/2012  5:51AM

World industrial demand for silver could reach a record 665.9 million ounces in 2015 versus 487.4 million in 2010, according to a Gold Fields Mineral Services (GFMS) study for The Silver Institute, released in early April(2011).

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