Is there a double left in the price of gold or silver?
The answer is a matter of simple arithmetic believes
one USA producer. David Garafalo, president and
CEO of Hudbay Minerals, who recently relisted his
minerals mining company on the New York exchange,
(HBM) figures it this way. He equates conditions
today to those at the beginning of the 70s decade.
At the end of that decade gold reached an all-time
high of $850 an ounce.
On an inflation-adjusted basis that would put the
value of gold today north of $2400 per ounce. So
according to David Garafalo the price of gold still
has a great deal of catching up to do.
For those looking to capitalize on the gold rush
but don't want to own the metal itself, owning a
mining stock is a great way to participate. My
favorite pick is Hecla Mining (stock ticker HL).
If you're still getting back to even, get on board
the fast boat here.
If you Google Hecla Mining they have a great video
link which captures the fervor Associated with the
precious metals mining group today.
Warmest regards, Bob Parmelee
Friday, November 5, 2010
Thursday, November 4, 2010
It's us (USA) against the world now.
Recent moves by the FED are guaranteed to cause the dollar to continue to decline against foreign currencies. A declining dollar guarantees that prices
of commodity-based assets and other asset classes like stocks are going up.
This policy will stimulate our economy but eventually, say over the next couple of years, this will spark countermeasures by countries whose exports get hurt by the steadily increasing value of their currencies and hence higher export prices.
There are advantages to being the largest economy in the world. One of those is the ability to force other countries to accept our economic policies simply because they must trade with the USA to survive and grow. But we had better take advantage while we still can. This may be our last chance to flex our economic muscles before China holds the whip and we’re doing the genuflecting.
If we come to our senses and quit blowing the nation's resources on the bloodiest military decade since the Vietnam era we may hang onto the benefits this current FED policy gives us relative to the rest of the world.
Here is what happened.
Centuries ago marauding militaries cost their home treasuries a small fraction of the bounty they generated by planting their country's flag on someone else's soil. After the conquering heroes secured the land the invading countries "businessmen" moved in to exploit the resources of the vanquished land. The damage done to the host country and its people were largely ignored or kept under the radar, politically speaking. In other words, the spoils of war far outweighed the cost.
Today things are different. Hiding under the radar is less and less feasible so political capital is at risk on these military adventures, as Barack Obama is finding out. At the very least, in order to survive world opinion, we are forced to repair the damage our military causes while wasting our resources on useless offensives. Chasing long dead terrorists as an excuse for war is growing old.
Worse, as recent history has proven, we don't even get any spoils to speak of.
So we need to quit this medieval crap. Being as bloodthirsty as the Khan may be fun for the nation but we can't afford it anymore. It is time to try civilized behavior for a change. Buying people's love and affection is just so darned cheaper than killing them that we need to take mass murder off the table.
of commodity-based assets and other asset classes like stocks are going up.
This policy will stimulate our economy but eventually, say over the next couple of years, this will spark countermeasures by countries whose exports get hurt by the steadily increasing value of their currencies and hence higher export prices.
There are advantages to being the largest economy in the world. One of those is the ability to force other countries to accept our economic policies simply because they must trade with the USA to survive and grow. But we had better take advantage while we still can. This may be our last chance to flex our economic muscles before China holds the whip and we’re doing the genuflecting.
If we come to our senses and quit blowing the nation's resources on the bloodiest military decade since the Vietnam era we may hang onto the benefits this current FED policy gives us relative to the rest of the world.
Here is what happened.
Centuries ago marauding militaries cost their home treasuries a small fraction of the bounty they generated by planting their country's flag on someone else's soil. After the conquering heroes secured the land the invading countries "businessmen" moved in to exploit the resources of the vanquished land. The damage done to the host country and its people were largely ignored or kept under the radar, politically speaking. In other words, the spoils of war far outweighed the cost.
Today things are different. Hiding under the radar is less and less feasible so political capital is at risk on these military adventures, as Barack Obama is finding out. At the very least, in order to survive world opinion, we are forced to repair the damage our military causes while wasting our resources on useless offensives. Chasing long dead terrorists as an excuse for war is growing old.
Worse, as recent history has proven, we don't even get any spoils to speak of.
So we need to quit this medieval crap. Being as bloodthirsty as the Khan may be fun for the nation but we can't afford it anymore. It is time to try civilized behavior for a change. Buying people's love and affection is just so darned cheaper than killing them that we need to take mass murder off the table.
Friday, October 29, 2010
Here is the news today -- -- Oh boy!
We just lost the speed advantage in computer computing to China recently. They won with the astounding number crunching capability of 2.5 times 10 to the 15th power per second. In other words:
2,500,000,000,000,000 calculations per second.
Talk about a twinkling of an eye. So once again in yet another venue we have ceded first place to the Chinese.
Here is what this could mean. Let's take the stock market for example. High-speed computers can now sample the fluctuations in stock prices in almost real time. They can tell, within microseconds, trends in an individual stock price based on two simple factors; one, the most recent price and two, the volume of shares traded. Pretty simple algorithm really. As share volume and prices in a stock fluctuate the computer calculates to a certainty of 99% the next trade share price and then executes a buy or sell transaction. If you're trading millions of shares, by trading in the right direction 99% of the time you will, without a doubt, make millions of dollars. Do this millions of times a day and, well, you do the math.
High-speed computing gives the user untold advantages in every endeavor man attempts.
Fortunately, access to equipment of this kind is not available to currency traders, commodity brokers, stockbrokers, bond traders, or money manipulators of any kind.
HA!
HA!
HA!
HA!
Happy Halloween
2,500,000,000,000,000 calculations per second.
Talk about a twinkling of an eye. So once again in yet another venue we have ceded first place to the Chinese.
Here is what this could mean. Let's take the stock market for example. High-speed computers can now sample the fluctuations in stock prices in almost real time. They can tell, within microseconds, trends in an individual stock price based on two simple factors; one, the most recent price and two, the volume of shares traded. Pretty simple algorithm really. As share volume and prices in a stock fluctuate the computer calculates to a certainty of 99% the next trade share price and then executes a buy or sell transaction. If you're trading millions of shares, by trading in the right direction 99% of the time you will, without a doubt, make millions of dollars. Do this millions of times a day and, well, you do the math.
High-speed computing gives the user untold advantages in every endeavor man attempts.
Fortunately, access to equipment of this kind is not available to currency traders, commodity brokers, stockbrokers, bond traders, or money manipulators of any kind.
HA!
HA!
HA!
HA!
Happy Halloween
Friday, October 22, 2010
Another platitude bites the dust
As the media relentlessly scours every dark corner of people’s lives for daily grist, one thing has become abundantly clear; at least to me. No one seems to be the saint they claim to be.
Virtue is no longer the key to success. Guile seems to be the new key.
Take banking for example. Banks have been the self-described bastian’s of integrity and honesty for centuries. Now they hang their heads in disgrace after news that their outrageous incomes come at great expense to their own investors. What’s up with that?
The dawn of our new millennium is not as yet spiritually uplifting. War is up while the workforce is down, and Wall Street is being held responsible.
We need a way to stimulate our nation’s morale. Blowing away less developed parts of the world will not accomplish that. Falling behind in every humanitarian statistic which measures our place in the world is not the answer.
Doing something for ourselves like rebuilding our infrastructure or reinventing our educational system or reducing our dependence on foreign oil, all the while creating jobs and alternative energy solutions in the process is the answer.
It is time to elect a few politicians who realize that the way forward is not to go backward. Getting rid of the politicians who have been presiding over the declining circumstances of America will be a great start to correcting our decades long losing trend.
Virtue is no longer the key to success. Guile seems to be the new key.
Take banking for example. Banks have been the self-described bastian’s of integrity and honesty for centuries. Now they hang their heads in disgrace after news that their outrageous incomes come at great expense to their own investors. What’s up with that?
The dawn of our new millennium is not as yet spiritually uplifting. War is up while the workforce is down, and Wall Street is being held responsible.
We need a way to stimulate our nation’s morale. Blowing away less developed parts of the world will not accomplish that. Falling behind in every humanitarian statistic which measures our place in the world is not the answer.
Doing something for ourselves like rebuilding our infrastructure or reinventing our educational system or reducing our dependence on foreign oil, all the while creating jobs and alternative energy solutions in the process is the answer.
It is time to elect a few politicians who realize that the way forward is not to go backward. Getting rid of the politicians who have been presiding over the declining circumstances of America will be a great start to correcting our decades long losing trend.
Wednesday, October 20, 2010
Most of us are in the middle.
Golly, how profound; knock me down with a feather!
The truth is, there is a huge difference between:
• The brightest and the dullest among us
• the most beautiful and the most visually challenged
• the most athletic and the clumsiest
• the richest and the poorest
• the most erudite and the least educated
The dichotomies are endless. But the fact is both extremes amount to a very small percentage of humanity. The vast majority of us fall into the middle 90 percentile.
With the middle’s overwhelming numbers it would seem the world should be a middle-class oyster. But we don't control our own destinies. We defer to others to decide our fate.
We could bequeath the world to the future with no more wars… no more poverty, or starvation, or disease. It seems unfortunate we spend far more of our combined capital and resources today blowing ourselves apart than we do working towards what should be every one's common goal.
It seems our overwhelming fear of humanity, in its various unfamiliar forms, overwhelms our love of humanity and the self-sacrifice it takes to do well by each other. Perhaps another millennium is required for humanity to reach the level of benign neglect we need to survive one another.
One thing is guaranteed. Polar religious views will not help speed the way. Religious leaders will in fact, only be dragged by the heels, kicking and screaming, into the future. Their vision will cause loss and disruption and devastation until their progeny, the product of their continual, millennium long, brainwashing has finally been replaced with a less self fulfilling, self-aggrandizing prophecy. Once the fanatics have finally been eradicated in all their myriad forms can humanity rest in peace and look forward to its future.
The truth is, there is a huge difference between:
• The brightest and the dullest among us
• the most beautiful and the most visually challenged
• the most athletic and the clumsiest
• the richest and the poorest
• the most erudite and the least educated
The dichotomies are endless. But the fact is both extremes amount to a very small percentage of humanity. The vast majority of us fall into the middle 90 percentile.
With the middle’s overwhelming numbers it would seem the world should be a middle-class oyster. But we don't control our own destinies. We defer to others to decide our fate.
We could bequeath the world to the future with no more wars… no more poverty, or starvation, or disease. It seems unfortunate we spend far more of our combined capital and resources today blowing ourselves apart than we do working towards what should be every one's common goal.
It seems our overwhelming fear of humanity, in its various unfamiliar forms, overwhelms our love of humanity and the self-sacrifice it takes to do well by each other. Perhaps another millennium is required for humanity to reach the level of benign neglect we need to survive one another.
One thing is guaranteed. Polar religious views will not help speed the way. Religious leaders will in fact, only be dragged by the heels, kicking and screaming, into the future. Their vision will cause loss and disruption and devastation until their progeny, the product of their continual, millennium long, brainwashing has finally been replaced with a less self fulfilling, self-aggrandizing prophecy. Once the fanatics have finally been eradicated in all their myriad forms can humanity rest in peace and look forward to its future.
Sunday, October 17, 2010
We are entering the final stretch.
November elections are just around the corner and the airwaves will soon be saturated with political ads. At this point the best prevaricator usually wins.
The few voters who have kept themselves apprised of issues will soon be outnumbered in the polls by those whose entire knowledge of a politician's position has been formulated by 30 or 60 second sound bites. At this point in an election cycle total gibberish holds sway in the media. For an opinion favoring your bias just pick your favorite talking heads and follow their lead.
Those citizens whose opinions are formed by a close analysis of an individual candidate's voting record ... wait a minute what am I thinking? The few voters who even know the names of the candidates running for office in their district prior to the "voting season", or those who actually understand the issues, are so small in number as to be, polling wise, insignificant.
Is This Smart?
Is a democracy bought and paid for by the deepest pockets really the best answer to running the country? After all, as a population we are incredibly naïve. We have bought into it every subterfuge our government has run by us for over 40 years. We are suckers for a good pitch.
However, allowing the best advertising agencies to run campaigns which eventually dictate the future of this country seems, well, even more insane.
Without an educated electorate I wouldn't bet against Wiley Coyote winning the race for governor in Arizona… if he was running against immigration.
The few voters who have kept themselves apprised of issues will soon be outnumbered in the polls by those whose entire knowledge of a politician's position has been formulated by 30 or 60 second sound bites. At this point in an election cycle total gibberish holds sway in the media. For an opinion favoring your bias just pick your favorite talking heads and follow their lead.
Those citizens whose opinions are formed by a close analysis of an individual candidate's voting record ... wait a minute what am I thinking? The few voters who even know the names of the candidates running for office in their district prior to the "voting season", or those who actually understand the issues, are so small in number as to be, polling wise, insignificant.
Is This Smart?
Is a democracy bought and paid for by the deepest pockets really the best answer to running the country? After all, as a population we are incredibly naïve. We have bought into it every subterfuge our government has run by us for over 40 years. We are suckers for a good pitch.
However, allowing the best advertising agencies to run campaigns which eventually dictate the future of this country seems, well, even more insane.
Without an educated electorate I wouldn't bet against Wiley Coyote winning the race for governor in Arizona… if he was running against immigration.
Thursday, October 14, 2010
The "TYPO" of the 2010 election season to beat.
If I were a cynic I would probably read more than is strictly necessary into this story I heard on Keith Olbermann's show (MSNBC 5 p.m. on DirecTV channel 356). Keith picks up this thread from a reporter in the hotly contested November election race for governor of Illinois:
A Chicago Board of Election’s touch screen test poll covering about half the counties spelled the “Green” candidate’s name correctly in their listing all of the candidates, but as soon as you cast your vote on those machines the green candidate’s name comes up misspelled. The error, according to the Chicago Board of Elections, cannot be fixed in time for the election.
Half of the wards where the test was conducted are predominantly African-American. The candidate's name is Rich Whitney and the typo was a loss of the letter “n” from his last name.
Good luck, Rich Whitey, in those close black districts come November's election.
A Chicago Board of Election’s touch screen test poll covering about half the counties spelled the “Green” candidate’s name correctly in their listing all of the candidates, but as soon as you cast your vote on those machines the green candidate’s name comes up misspelled. The error, according to the Chicago Board of Elections, cannot be fixed in time for the election.
Half of the wards where the test was conducted are predominantly African-American. The candidate's name is Rich Whitney and the typo was a loss of the letter “n” from his last name.
Good luck, Rich Whitey, in those close black districts come November's election.
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