Letters to CIGAs:
The loss is unbelievable when you consider men and women who gave their lives as the ultimate act of love for liberty, their country and their fox hole buddies. It brings tears to my eyes that such a disgrace can be placed on their sacrifice for one thing – control of wealth. Damn the old family banksters, anyway!
The way Washington and the IRS works is if it looks like a chicken, it is a chicken no matter if it is really a horse. The plans in immediate danger are those that have the name retirement on them. Those you do not walk away from, you run away.
Jim Sinclair’s Commentary
A heads up to the community from CIGA Chris.
There was clarification from Franklin Sanders today concerning the USPS insurance situation I’d emailed to you earlier today… Thought I’d pass it on:
"They are no longer paying claims for bullion or currency shipped by ‘Insured Mail.’ This is not the same as ‘Registered Mail With Postal Insurance.’ Registered mail must be signed for every time it changes hands, so very, very rarely goes lost. ‘Insured Mail,’ on the other hand, might as well have a label that says, ‘Steal me, you can get away with it.’ "
I want to thank you for your dedicated commentary and education over these last many years (10-12)…I can remember your call back in "79/”early ’80s when Volcker raised interest rates to combat inflation and you helped the Hunts and the government negotiate a solution when the exchange changed the rules to squeeze the Hunts.
One comment concerning your possum photo – I believe the 1% is overpaid for the work they do (including inflation, merit and worthless papers of ‘mass destruction’ derivative creation) and of the 99%, 50% actually do the work and are underpaid and overtaxed and the other 49% are directly or indirectly on the government payroll.
I pretty much read your every word, although some may be arguable, 99% will do.
Your objection is well founded.
CIGA Craig Sutherland certainly has the Thanksgiving spirit.
We are all proud of you Craig in answering the needs of the less fortunate.
Jim and the gang
Good Morning Mr. Sinclair,
You mention that Hillary will probably be the next president. May I ask what indications have lead you to this possibility?
On a totally different topic, as you have direct experience in East Africa, do you have any opinions, observations or experiences pertaining to the escalating competition between the major powers for Africa’s resources? How would/should this competition affect consideration of this area for relocation?
Thank you once again!
All you had to do was to see her on TV today and you would have your answer. New hairdo, and no more frump. Also I am told this by people who know.
East Africa will eventually be split by China and Russia but based on economics, not aggression. They will buy everyone out.
Los Angeles Set to Rival Chicago With Highest Sales Levy
“If we continue to cut, we will drastically affect the services that we deliver to our citizens.”
Who cares if entrepreneurship squeezed by the costs of delivering services to our citizens flees to countries where standard of living increases flow from a strong foundation of investment, production and intellectual capital. America was once the standard of capitalism for the world to copy . It’s up to you to decided if this has changed.
Schumpeter was way ahead of his time…
The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism; it will be replaced by socialism in some form. There will not be a revolution, but merely a trend in parliaments to elect social democratic parties of one stripe or another. He argued that capitalism’s collapse from within will come about as democratic majorities vote for restrictions upon entrepreneurship that will burden and destroy the capitalist structure, but also emphasizes non-political, evolutionary processes in society where "liberal capitalism" was evolving into democratic socialism because of the growth of workers’ self-management, industrial democracy and regulatory institutions.
Headline: Los Angeles Set to Rival Chicago With Highest Sales Levy
Los Angeles shoppers looking for just the right satin blindfold or Whip Me stockings at Agent Provocateur’s lingerie boutique on Melrose Avenue may soon pay as much tax as customers at the company’s Gold Coast store in Chicago, and more than at the one on Madison Avenue.
The City Council, which faced $1.6 billion in deficits over the past four years, voted 11-4 today to ask residents to boost the local sales tax 0.5 percentage point, bringing the total levy — local and state — to 9.5 percent. That would tie Los Angeles with Chicago for the highest rate of the 10 largest U.S. cities. New York City is 8.875 percent.
“Our approach to dealing with our budget shortfalls has been to cut,” said Edward Johnson, a spokesman for City Council President Herb Wesson, who backed the sales tax proposal. “If we continue to cut, we will drastically affect the services that we deliver to our citizens.”
California’s municipalities have struggled to stay afloat by curtailing staff and services amid falling revenue and rising employee costs. The second-biggest U.S. city by population can’t impose higher sales taxes without going to the voters of Los Angeles, and is limited in raising real-estate levies under the 1978 law known as Proposition 13.
Soros Buying Gold as Record Prices Seen on Stimulus
It wasn’t long ago when Soros ‘negative’ comments about gold had everyone’s undies in a bundle.
Headline: Soros Buying Gold as Record Prices Seen on Stimulus
Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.
The metal will rise every quarter next year and average $1,925 an ounce in the final three months, or 11 percent more than now, according to the median of 16 analyst estimates compiled by Bloomberg. Paulson & Co. has a $3.66 billion bet through the SPDR Gold Trust, the biggest gold-backed exchange- traded product, and Soros Fund Management LLC increased its holdings by 49 percent in the third quarter, U.S. Securities and Exchange Commission filings show.
I have been following Silver @ Gold for 7 years. My investment is in physical form that I can get a hold of.
Thank you so much for your daily information. I am 77 years old so I see where we are headed and do not get concerned when we have corrections. I see things as you do. Something that I have been wondering about for sometime is the use of linear charts versus log for showing prices for silver and gold. In my mind it’s no wonder we get parabolic curves as prices increase. As we get to extreme prices a very small % move becomes an almost straight vertical line in using linear graphs. Should we be looking at changes in straight numbers by percent or both ways?
Thank you for all you do,
I am weaning people towards the log charts as you will see in my answers today to a CIGA’s excellent homework marrying Bezier cures to the Pi charts.
You are absolutely correct. Parabolic peaks can only be read via log charts.
I made the following charts using Bezier curves, placing the Bezier points (the little blue squares) at regular time intervals. I thought of the points as the "magnets" pulling on the price. Both analyses seem to show an imminent move upward in gold, but I can’t tell if I’ve simply manipulated the curves to suit my wishful thinking.
This is the direction I am pushing for those interested in motion TA to go.
You will find out very soon if this is true analysis or wishful thinking as you ask in your email.
Please keep in mind motion is not measured well on arithmetic charts as it is on geometric charts. Geometric charts are log charts.
When I coordinate the Bezier handles with Golden Mean ratios, the chart suggests an even higher magnet now pulling the gold price upward.
Back in the late 90s when I began investing heavily into silver, and then gold, I noticed the remarkably symmetrical parabolic formations in the price charts, especially gold’s monthly chart. Back then, I did not know what French curves were, but I started charting as a hobby with straight lines and parabolas, in a purely intuitive and artistic way. They turned out to be remarkably predictive of future price action. It lent me confidence in my timing of purchases, as well as the course of the future for long term holdings.
Here are four more charts I just applied French curves to, on gold’s monthly, weekly, daily, and hourly, as of today.
Thank you for your time,
CIGA Elon the Viking