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Try this vid
Really interesting game.
domingo, 30 de diciembre de 2012
sábado, 22 de diciembre de 2012
Gold and silver 2013
Guys.
I predicted that gold was going to correct a week ago. This is because too much short positions were still there waiting to buy back with lower prices. Too much funds selling to grab their profits and pay lower taxes.
The fiscal cliff play is still on and the stock market is still in the highs. I don´t like it. So I guess the pressure on gold and silver may stay for a while. Also we have Europe drama that can be reactivated any time.
So I guess we should enjoy lower prices to keep stacking . I look for silver to buy if it get close to the 26 level.Maybe we never reach it.
Gold will have its prime time after the european crisis. We have also Japanese plan to print like crazy. this should help both dollar and gold .
stay tuned and only buy if it is really cheap. 2013 should be a crazy year.
I predicted that gold was going to correct a week ago. This is because too much short positions were still there waiting to buy back with lower prices. Too much funds selling to grab their profits and pay lower taxes.
The fiscal cliff play is still on and the stock market is still in the highs. I don´t like it. So I guess the pressure on gold and silver may stay for a while. Also we have Europe drama that can be reactivated any time.
So I guess we should enjoy lower prices to keep stacking . I look for silver to buy if it get close to the 26 level.Maybe we never reach it.
Gold will have its prime time after the european crisis. We have also Japanese plan to print like crazy. this should help both dollar and gold .
stay tuned and only buy if it is really cheap. 2013 should be a crazy year.
jueves, 13 de diciembre de 2012
Democrat lawmakers thinking on TAXING US GOLD MINERS!
Ok folks, This is reason why I don´t touch gold mines stocks:
TOO MUCH GOVERNMENT RISK OUT THERE.
(Reuters) - Revising a 19th-century U.S. law that governs the mining of gold and other precious metals could add billions of dollars to federal coffers at a time of tight budgets, according to some Democratic lawmakers and a government study released on Wednesday.
Taxpayers receive no royalties on metals pulled from federal land, and officials drew a blank when they tried to find out how much gold, silver, copper and other valuable metal is sold.
"Federal agencies generally do not collect data from hardrock mine operators," said the report from the nonpartisan Government Accountability Office, which looked at the market in 2010 and 2011.
But applying a metals levy of 12.5 percent - the benchmark government share for other resources - could deliver hundreds of millions of dollars a year to taxpayers, according to independent studies and U.S. Representative Raul Grijalva, who sought the report and other data from the mining industry.
"As we face these fiscal challenges, these are the pennies that we should pinch," said Grijalva, the leading Democrat on the panel that oversees public lands.
Grijalva, of Arizona, and Senator Tom Udall of New Mexico, who jointly called for the GAO report, say taxpayers should also benefit from a gold price surge that has boosted the bottom line for miners.
Applying Grijalva's royalty formula on the 1.1 million ounces of yellow metal pulled last year from Goldstrike mine in Nevada, the largest in North America, could have yielded $150 million to taxpayers, according to a Reuters tally of industry data.
Barrick Gold Corp (ABX.TO), the mine operator, said only a fraction of Goldstrike is on federal land, and the company's taxes have already quadrupled in the five years of climbing gold prices.
Taxpayers are entitled to a royalty from metal sales nevertheless, lawmakers said.
Under Grijalva's proposed formula, Freeport-McMoRan Copper & Gold Inc's (FCX.N) reserves of copper and molybdenum, which is used to toughen steel, would return about $700 million to taxpayers over the life of the mines, according to a Reuters tabulation of company data.
NO-ROYALTY RULE
The 1872 mining law that drove prospectors into western states such as California still governs much of the industry.
But this no-royalty law is a costly anachronism when mining giants can stake a claim on federal land for a few dollars an acre, Udall said. The coal, oil and gas industries, by comparison, have no such exemption.
"We are giving our gold and silver for free and don't even know how much we are giving," said Udall, whose father, Stewart, was secretary of the Interior during the 1960s and called mining law reform his great unfinished work.
Lawmakers who have occasionally tried to reform the mining rules have never cleared all the hurdles to pass new laws, as the industry has strong political allies.
Senate Majority Leader Harry Reid, a Democrat, counts on mining support in his home state of Nevada, and lawmakers say it will be difficult to persuade him to take a bite out of the industry.
But on Wednesday, the two top senators on the Energy and Natural Resources Committee said they were open to considering reform.
"There's been agreement for a long time that the 1872 Mining Law should be updated to include a royalty" and reduce paperwork, said Senator Lisa Murkowski, the panel's top Republican.
Ron Wyden, the incoming Democratic chairman of the committee, also believes the matter is due for review.
"This is one of a growing number of issues that Senator Wyden plans to look at in the next Congress," said spokesman Keith Chu.
Whether or not mining reform can become law, some lawmakers are ready to target the hundreds of millions of dollars in tax breaks the mining industry claims each year, which they see as an easier political gambit.
"There are a lot of write-offs, and this is an issue we can bring to the coming debate about tax reform," Grijalva said.
Those allowances also benefit the oil and gas industry, the GAO report says, with the federal take on energy exploration running billions of dollars below target.
The offshore oil fields that were supposed to deliver a 12.5 percent royalty to taxpayers brought about 8 percent in 2010 and 2011, according to the report.
One explanation for the shortfall, the report says, is industry allowances for the cost of transporting fuel and incentives meant to encourage some exploration.
"We need to always be looking back and seeing if there is a good reason to continue with exemptions," said Udall. "That's something we're not very good at in government - ending the exemptions when they're no longer needed."
State and local governments often catch a windfall from mining revenue, and Udall said Republican lawmakers from the West might be persuaded to increase the federal take.
"Everyone agrees we need a balanced package to find new revenue," he said, "and this seems like the right time for reform."
(Reporting by Patrick Rucker; Editing by Prudence Crowther and Lisa Von Ahn)
http://www.reuters.com/article/2012/12/12/us-usa-gao-royalty-idUSBRE8BB1SL20121212
TOO MUCH GOVERNMENT RISK OUT THERE.
Levy on gold could be budget windfall, U.S. lawmakers say
(Reuters) - Revising a 19th-century U.S. law that governs the mining of gold and other precious metals could add billions of dollars to federal coffers at a time of tight budgets, according to some Democratic lawmakers and a government study released on Wednesday.
Taxpayers receive no royalties on metals pulled from federal land, and officials drew a blank when they tried to find out how much gold, silver, copper and other valuable metal is sold.
"Federal agencies generally do not collect data from hardrock mine operators," said the report from the nonpartisan Government Accountability Office, which looked at the market in 2010 and 2011.
But applying a metals levy of 12.5 percent - the benchmark government share for other resources - could deliver hundreds of millions of dollars a year to taxpayers, according to independent studies and U.S. Representative Raul Grijalva, who sought the report and other data from the mining industry.
"As we face these fiscal challenges, these are the pennies that we should pinch," said Grijalva, the leading Democrat on the panel that oversees public lands.
Grijalva, of Arizona, and Senator Tom Udall of New Mexico, who jointly called for the GAO report, say taxpayers should also benefit from a gold price surge that has boosted the bottom line for miners.
Applying Grijalva's royalty formula on the 1.1 million ounces of yellow metal pulled last year from Goldstrike mine in Nevada, the largest in North America, could have yielded $150 million to taxpayers, according to a Reuters tally of industry data.
Barrick Gold Corp (ABX.TO), the mine operator, said only a fraction of Goldstrike is on federal land, and the company's taxes have already quadrupled in the five years of climbing gold prices.
Taxpayers are entitled to a royalty from metal sales nevertheless, lawmakers said.
Under Grijalva's proposed formula, Freeport-McMoRan Copper & Gold Inc's (FCX.N) reserves of copper and molybdenum, which is used to toughen steel, would return about $700 million to taxpayers over the life of the mines, according to a Reuters tabulation of company data.
NO-ROYALTY RULE
The 1872 mining law that drove prospectors into western states such as California still governs much of the industry.
But this no-royalty law is a costly anachronism when mining giants can stake a claim on federal land for a few dollars an acre, Udall said. The coal, oil and gas industries, by comparison, have no such exemption.
"We are giving our gold and silver for free and don't even know how much we are giving," said Udall, whose father, Stewart, was secretary of the Interior during the 1960s and called mining law reform his great unfinished work.
Lawmakers who have occasionally tried to reform the mining rules have never cleared all the hurdles to pass new laws, as the industry has strong political allies.
Senate Majority Leader Harry Reid, a Democrat, counts on mining support in his home state of Nevada, and lawmakers say it will be difficult to persuade him to take a bite out of the industry.
But on Wednesday, the two top senators on the Energy and Natural Resources Committee said they were open to considering reform.
"There's been agreement for a long time that the 1872 Mining Law should be updated to include a royalty" and reduce paperwork, said Senator Lisa Murkowski, the panel's top Republican.
Ron Wyden, the incoming Democratic chairman of the committee, also believes the matter is due for review.
"This is one of a growing number of issues that Senator Wyden plans to look at in the next Congress," said spokesman Keith Chu.
Whether or not mining reform can become law, some lawmakers are ready to target the hundreds of millions of dollars in tax breaks the mining industry claims each year, which they see as an easier political gambit.
"There are a lot of write-offs, and this is an issue we can bring to the coming debate about tax reform," Grijalva said.
Those allowances also benefit the oil and gas industry, the GAO report says, with the federal take on energy exploration running billions of dollars below target.
The offshore oil fields that were supposed to deliver a 12.5 percent royalty to taxpayers brought about 8 percent in 2010 and 2011, according to the report.
One explanation for the shortfall, the report says, is industry allowances for the cost of transporting fuel and incentives meant to encourage some exploration.
"We need to always be looking back and seeing if there is a good reason to continue with exemptions," said Udall. "That's something we're not very good at in government - ending the exemptions when they're no longer needed."
State and local governments often catch a windfall from mining revenue, and Udall said Republican lawmakers from the West might be persuaded to increase the federal take.
"Everyone agrees we need a balanced package to find new revenue," he said, "and this seems like the right time for reform."
(Reporting by Patrick Rucker; Editing by Prudence Crowther and Lisa Von Ahn)
http://www.reuters.com/article/2012/12/12/us-usa-gao-royalty-idUSBRE8BB1SL20121212
domingo, 9 de diciembre de 2012
SILVER AND GOLD AFTER THE END OF THE WORLD . DEC 21, 2012
Russians stockpiling emergency and survival stuff for the end of the world...
"Mankind will soon know that If we unite, money will become obsolete. We only need to start sharing and say no to fear."
"Mankind will soon know that If we unite, money will become obsolete. We only need to start sharing and say no to fear."
viernes, 7 de diciembre de 2012
Visit to the BANK OF ENGLAND GOLD vaults
This Is What $315 Billion Worth Of Gold Looks Like
Filmmaker Brady Haran and chemist Martyn Poliakoff go
inside the vaults of the Bank of England, where $315 billion worth of
gold bars currently sit.
Each shelf consists of one ton of gold, which equates to $56 million of gold.
Take a look at the Bank of England's enormous supply of gold below (video via Reddit):
Source:
http://www.businessinsider.com/this-is-what-315-billion-worth-of-gold-looks-like-2012-12
Each shelf consists of one ton of gold, which equates to $56 million of gold.
Take a look at the Bank of England's enormous supply of gold below (video via Reddit):
Source:
http://www.businessinsider.com/this-is-what-315-billion-worth-of-gold-looks-like-2012-12
jueves, 6 de diciembre de 2012
CFTC CHARGES 12 FIRMS FOR FRAUDULENT PRECIOUS METALS SCHEMES!12!!
12 FIRMS GUYS
WE ARE SURROUNDING BY CROOKS. so , my advice: study about gold investing. and study your vendor.
http://www.cftc.gov/PressRoom/PressReleases/pr6447-12
According to the CFTC complaint, the defendants claim to sell physical metals, including gold, silver, platinum, palladium, and copper, to retail customers in retail commodity transactions. Under the defendants’ retail commodity transactions investment contract, customers allegedly make a down payment on certain quantities of physical metals, usually 25 percent of the total purchase price. Defendants allegedly claim to arrange loans for the balance of the purchase price, and advise customers that their physical metals will be stored in a secure depository.
The complaint further alleges that these statements were false, and that the defendants do not purchase any physical metals, arrange loans for their customers to purchase physical metals, or arrange for storage of physical metals for any customers participating in their retail commodity transactions. Instead, all the transactions are just paper transactions, according to the complaint. Defendants allegedly do not own or sell metals to customers; customers are charged storage and insurance fees on metals that do not exist; and are charged interest on loans, which are never made by the defendants.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010 expanded the CFTC’s jurisdiction over transactions like these, and requires that such transactions be executed on or subject to the rules of a board of trade, exchange or commodity market, according to the complaint. This new requirement took effect on July 16, 2011. The complaint alleges that all of the defendants’ financed commodity transactions after July 16, 2011, were illegal. The complaint also alleges that the defendants defrauded customers in all of these financed commodity transactions.
David Meister, the CFTC’s Director of Enforcement stated: “Here is a prime example of how the Dodd-Frank Act provided the Commission with additional strong authority to go after wrong-doers, such as, as alleged in the complaint, individuals who prey on people looking to make retail investments in commodities like gold and silver. We will use this new authority to the fullest extent possible.”
In January 2012 the CFTC issued a Consumer Fraud Advisory (see Advisory under Related Links) regarding precious metals fraud, saying that it had seen an increase in the number of companies offering customers the opportunity to buy or invest in precious metals. The CFTC’s Consumer Fraud Advisory specifically warned that frequently companies do not purchase any physical metals for the customer, instead simply keeping the customer’s funds. The Consumer Fraud Advisory further cautioned consumers that leveraged commodity transactions are unlawful unless executed on a regulated exchange.
In its continuing litigation against the defendants, the CFTC is seeking preliminary and permanent civil injunctions in addition to other remedial relief, including restitution to customers.
The CFTC thanks the Florida Office of Financial Regulation, the Florida Department of Agriculture and Consumer Services, and the United Kingdom Financial Services Authority for their assistance.
The CFTC Division of Enforcement staff responsible for this action are Carlin Metzger, Joseph Konizeski, Heather Johnson, Stephanie Reinhart, Jennifer Smiley, Judith McCorkle, Jeff LeRiche, Peter Riggs, Jennifer Chapin, Steven Turley, Brigitte Weyls, Joseph Patrick, Susan Gradman, Theodore Glotfelty, William Janulis, Scott Williamson, Rosemary Hollinger, and Richard Wagner.
Media Contacts
Dennis Holden
202-418-5088
thumbs up thanks to silverdoctors.com
WE ARE SURROUNDING BY CROOKS. so , my advice: study about gold investing. and study your vendor.
http://www.cftc.gov/PressRoom/PressReleases/pr6447-12
CFTC Charges Hunter Wise Commodities, Lloyds Commodities, C.D. Hopkins Financial, United States Capital Trust, Newbridge Alliance, Blackstone Metals Group, and their Principals in Multi-Million Dollar Fraudulent Precious Metals Scheme
CFTC alleges that defendants conducted illegal, off-exchange commodity transactions, and deceived customers in connection with financed transactions in precious metals
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced that on December 5, 2012, it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Hunter Wise Commodities, LLC; Hunter Wise Services, LLC; Hunter Wise Credit, LLC; Hunter Wise Trading, LLC; Lloyds Commodities, LLC; Lloyds Commodities Credit Company, LLC; Lloyds Services, LLC; C.D. Hopkins Financial, LLC; Hard Asset Lending Group, LLC; Blackstone Metals Group, LLC; Newbridge Alliance, Inc.; United States Capital Trust, LLC; Harold Edward Martin, Jr.; Fred Jager; James Burbage; Frank Gaudino; Baris Keser; Chadewick Hopkins; John King; and David A. Moore. The complaint charges these entities and individuals with fraudulently marketing illegal, off-exchange retail commodity contracts. The complaint alleges that Hunter Wise Commodities, the orchestrator of the fraud, has taken in at least $46 million in customer funds since July 2011.According to the CFTC complaint, the defendants claim to sell physical metals, including gold, silver, platinum, palladium, and copper, to retail customers in retail commodity transactions. Under the defendants’ retail commodity transactions investment contract, customers allegedly make a down payment on certain quantities of physical metals, usually 25 percent of the total purchase price. Defendants allegedly claim to arrange loans for the balance of the purchase price, and advise customers that their physical metals will be stored in a secure depository.
The complaint further alleges that these statements were false, and that the defendants do not purchase any physical metals, arrange loans for their customers to purchase physical metals, or arrange for storage of physical metals for any customers participating in their retail commodity transactions. Instead, all the transactions are just paper transactions, according to the complaint. Defendants allegedly do not own or sell metals to customers; customers are charged storage and insurance fees on metals that do not exist; and are charged interest on loans, which are never made by the defendants.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) of 2010 expanded the CFTC’s jurisdiction over transactions like these, and requires that such transactions be executed on or subject to the rules of a board of trade, exchange or commodity market, according to the complaint. This new requirement took effect on July 16, 2011. The complaint alleges that all of the defendants’ financed commodity transactions after July 16, 2011, were illegal. The complaint also alleges that the defendants defrauded customers in all of these financed commodity transactions.
David Meister, the CFTC’s Director of Enforcement stated: “Here is a prime example of how the Dodd-Frank Act provided the Commission with additional strong authority to go after wrong-doers, such as, as alleged in the complaint, individuals who prey on people looking to make retail investments in commodities like gold and silver. We will use this new authority to the fullest extent possible.”
In January 2012 the CFTC issued a Consumer Fraud Advisory (see Advisory under Related Links) regarding precious metals fraud, saying that it had seen an increase in the number of companies offering customers the opportunity to buy or invest in precious metals. The CFTC’s Consumer Fraud Advisory specifically warned that frequently companies do not purchase any physical metals for the customer, instead simply keeping the customer’s funds. The Consumer Fraud Advisory further cautioned consumers that leveraged commodity transactions are unlawful unless executed on a regulated exchange.
In its continuing litigation against the defendants, the CFTC is seeking preliminary and permanent civil injunctions in addition to other remedial relief, including restitution to customers.
The CFTC thanks the Florida Office of Financial Regulation, the Florida Department of Agriculture and Consumer Services, and the United Kingdom Financial Services Authority for their assistance.
The CFTC Division of Enforcement staff responsible for this action are Carlin Metzger, Joseph Konizeski, Heather Johnson, Stephanie Reinhart, Jennifer Smiley, Judith McCorkle, Jeff LeRiche, Peter Riggs, Jennifer Chapin, Steven Turley, Brigitte Weyls, Joseph Patrick, Susan Gradman, Theodore Glotfelty, William Janulis, Scott Williamson, Rosemary Hollinger, and Richard Wagner.
Media Contacts
Dennis Holden
202-418-5088
thumbs up thanks to silverdoctors.com
sábado, 1 de diciembre de 2012
Keiser MUST WATCH VIDEO!
watch it guys
Keiser is just an amazing guys
http://www.youtube.com/watch?v=1KTaka00MDU
Keiser is just an amazing guys
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