Friday, January 9, 2009
You've all probably noticed I haven't posted much on this blog for a while. That's because I have been occupied with clearing snow and fixing the damage to my RV Jacks. Very little time to do anything but trade and sleep. Gradually, I will get back to having time to do more reading and posting of important articles for you to read. You should all be aware of the many authors that I recommend you read every day and be reading them already. Circumstances are changing so rapidly...for the worse...that you can't afford to be unaware of the slightest things that are transpiring as our economy, and culture, slip into the pit of no return. Jim Sinclair has recently posted that the DOLLAR IS DEAD ann that, if you don't have some gold by now, you will suffer greatly within SIX MONTHS! No more time to gamble. BUY YOUR GOLD AND SURVIVAL GOODS NOW! Have a productive weekend as you tidy up and fortify up your survival fortresses.
Wednesday, January 7, 2009
That glop of snow on top of my '85 Ford slid to the side later and hung over the side about a foot and a half before it fell off. If you drive around up here with a bunch of snow on top of your car, you can get a ticket, as it all slides forward over your windshield when you come to a stop. I've had it happen. It sounds like everything in the back of the truck is sliding forward, then all of a sudden your windshield is full of slush and it's usually more than your wipers can clear.
The speed of the melt off is quite amazing. Rain tonight should speed it up. The snow and melt water is making walking very dangerous. Ice everywhere and NO FRICTION!
Even with my hand next to it, it doesn't let you understand just how large these ice chunks are. They are about half the size of the ice you might buy at the market for your ice chest. This one is about one and a half feet long by 4 inches thick by 4 to 6 inches wide.
There was a great crash at 2:30am pst this morning. I knew what it was, so I didn't get up to check. Then I got to wondering, as it was windy, and there are big bull pines with lots of dead limbs adjacent to my RV. These are some rather large chunks of ice that would surely do damage to your head if they hit you, falling from a height of at least 6 to 10 feet. This view is from my front door looking straight down at the ice chunks at the bottom of my front door steps.
Tuesday, January 6, 2009
The snowplows push the snow to the sides and it shrinks the width of the street. There are deep gullies on both sides which several people have mis-judged and sunk into which tips their cars/trucks about 45 degrees and there is no way they are getting out without a tow. I go out and pull them out with my big 4 wheel drive F350 and a pull strap.
This van hasn't moved for a long time as I am fixing an electrical problem. So this is the amount of snow that has accumulated on it since the start of the storms. I've only knocked off the snow on the hood and windshield a couple of times. A snow cornice is hanging off the back of the roof at least a foot and a half over the rear doors.
Notice that the front window is gone. Somehow it came out and is buried in the snow. Funny, as it is a hinged window. I haven't had time or energy to dig it out. An Airstream, or similar type trailer, are excellent for gutting and turning into rolling storage units. This one has a workshop table and stores all my tools and a ton of stuff including my old 1974 Kawasaki 900 motorcycle which I am rebuilding. Her name is 'Jezebel' and I put 50,000 miles of heavenly trips on her up into Canada and all over the Western states of the U.S.
The stakes are pounded in about a foot, so they are at least six feet tall. This is NOT the actual snow fall level, as this is where we push the snow from the driveways. However, the actual snow buildup is at least 3 to 4 feet thick.
Don't worry, it's covered with a good cover and a good quality tarp over that. I will be putting wheel weights and chains on it (I already have them) and the snowblower attachment (42 inches wide and blows snow 60 feet) which is already on order three weeks ago. They are on back order up here and there isn't a snow shovel do be found anywhere.
Chunks as big as cinder blocks and bigger were laying right where I would have been soaking my aching bones a few minutes later. I'm sure something major would have happened to my head.
Sunday, January 4, 2009
You have to use this link EVERY DAY, or it updates to the next day's email. I haven't had time to find the archive link of previous emails. This link takes you to the current CASEY RESEARCH email: http://caseyresearch.com/displayDrp.php?e=true USE THIS LINK EVERY DAY TO ACCESS THE DAY'S EMAIL, OR SUBSCRIBE FOR FREE TO IT, AND GET IT SENT TO YOU. If you want to save the email's contents, you will have to copy and paste the email's contents into a 'document' and save it, as the link only takes you to the most current email. Excerpt from Saturday Jan 3, 2009's email: And then there's this... From Ed Steer: On New Years eve day, gold got sold off in the Far East a bit...and then the down trend accelerated through London trading, with the bottom being the London p.m. gold fix. From there...and to everyone's surprise...the price took off to the upside with some real authority. True, there hadn't been a lot of volume up until that point, but that changed from the London p.m. fix until the close of trading in New York. Silver's chart was very similar, with the metal turning in an outstanding day as well. Gold put in an "outside day key reversal to the upside"...which is a very bullish technical indicator. The boyz have never...ever...allowed this technical indicator to work in gold...and have taken gold down the very next day to negate it. The world's gold market's were closed on January 1st, but once early morning trading began on January 2nd in the Far East, the price spike in gold was killed immediately...and it became obvious that someone (JPMorgan, perhaps?) didn't want gold to rise and confirm that bullish technical indicator I just spoke of, so it was taken down with some authority...as was silver. This lasted until about 1:00 p.m. in Hong Kong, when both metals began to recover somewhat...but the selling pressure showed up again as soon as London opened, and continued that way, with both metals on the defensive when New York opened. Gold was not allowed in positive territory for the rest of the N.Y. trading session, but silver was allowed to tack on about 40 cents. Both metals would have done better yesterday, but it was obvious that someone didn't want runaway prices to the upside during London or New York...which is what would have happened if the moonshot open in gold that began in early Tuesday morning Globex trading had been allowed to run its natural course. In Tuesday's trading, gold open interest rose another 2,142 contracts to 300,448...with silver open interest actually declining 441 contracts to 85,312 contracts. New Year's eve's (Wednesday) open interest changes on the big spike showed an open interest increase in gold of a largish 6,203 contracts to 306,651. Silver o.i. rose 611 contracts to 85,923 contracts. It will be of great interest to see what Friday's open interest figures are like once they become available on Monday morning. The other item of interest on Monday will be the latest Commitment of Traders report. It will be interesting to see what the CFTC uses for a cut-off date. But regardless of which day they pick...neither Wednesday's nor Friday's dramatic action in gold and silver will be in that one. We'll have to wait four more days until next Friday to see who went long and who sold short these last couple of trading days. In gold news, the usual N.Y. commentator was not pleased (nor was I) about Indian imports of gold for December and all of 2008..."Yesterday the Bombay Bullion Association announced that India's December bullion imports dropped 81% from last year to 3 tonnes...and that the full year's imports were only 402 tonnes, down 47% from 2007's 759 tonnes." Equally disappointing was Turkish demand in December...a miniscule 227 kilos. His closing comment was the following..."The rally appears to be fuelled entirely by Western speculative sentiment, which can be very powerful. But with such a weak base in physical demand, it is likely to be short lived." We'll see. And lastly, I see that the GLD ETF added another 150,000 ounces on December 29th to a new record high total of 780 tonnes...if you believe that they actually have all the gold they say they do, that is. Oops...one more thing..."Apex Silver Mines Limited has received a delisting notice from the NYSE." If you're wondering why...just take a look at their hedge book...and the current zinc price.