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Monday, October 29, 2012

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Geologist Merril McHenry keeps his eye on the Guerrero Gold Belt

Posted: 29 Oct 2012 11:09 AM PDT

Greg Weldon’s Metal Monitor Macro-Market Update

Posted: 29 Oct 2012 10:39 AM PDT

The following video is an excerpt of Greg Weldon's work from his Metal Monitor service. He's been kind enough to allow me to pass it along to my readers and viewers.

Greg offers a free, one-time, 30-day trial of three different research publications:
1)  Weldon's Money Monitor (global macro);  2) The Metal Monitor (precious metals markets) and 3) The ETF Playbook.

Click here to sign up for a free trial and gain immediate access to Greg's latest Macro-Market Metal Monitor which covers Silver, Global Central Bank Balance Sheets, and this week's release of the World Gold Council's 2Q Report on Gold Demand


The Great Gold Scam

Posted: 29 Oct 2012 10:33 AM PDT

A recent question from an inquisitive reader on gold "leasing" got my mind focused upon that topic again, as the question involved the actual mechanics of these transactions, and my answer dealt with issues of legal title to that gold. This, in turn, led me to consider to what purpose/use all of this leased gold has been dedicated.

Many commentators (including myself) have generally assumed that the gold being leased by undisclosed entities was being funneled to traders to be shorted onto the market – as part of the general manipulation operations of the bullion banks. We know that vast amounts of gold are being 'leaked' out of gold stockpiles in this manner, since lease rates are always near-zero, and frequently negative. This encourages those desiring legal possession (but not title) of gold to lease heavily.

But what if all this leased gold is not being used as simple collateral to back trading positions? Could there be another (nefarious) purpose in these gold-leasing operations?

We know there isn't any other legitimate purpose for all this leasing, since (apart from using it in trading) there are no legitimate business reasons for wanting mere temporary possession of gold bullion. As the gold-bashers themselves frequently observe, gold "generates no income" itself; so this leased gold must be used (for something) or there would be no purpose at all to these transactions.

Until recently, it would have been hard to conceive of even any other nefarious uses for all this leased gold, since there simply are not a lot of ways to capitalize on mere temporary possession of gold bullion. This all changed , however, in 2009. That was the year that the world's central banks flip-flopped from being (massive) net-sellers of gold to net-buyers.

As of 2012, the world's central banks are now massive, net buyers of gold; on pace to add more gold to their reserves than any other year in history. GFMS Ltd (formerly Gold Fields Mineral Services), the quasi-official record-keeper for the gold industry estimates that total purchases will approach 500 tons this year alone.

This begs an obvious question. Where is all this gold coming from?

It's not coming from the gold miners. Currently, global mine supply is roughly 2,800 tonnes of gold per year. However, of that annual total 2,000 tonnes is already committed to the wholesalers who supply the global jewelry industry. With demand for gold by investors surging; more than 1,500 tonnes per year is siphoned out of the gold market by investors.

Note that by itself this already creates a large supply-deficit in the gold market, one which can only be addressed by (supposed) "recycling". The mainstream media would have us believe that there is virtually an inexhaustible supply of gold waiting to be recycled each year. This myth is fueled by the record-keeping of GFMS, itself.

In the fantasy-world in which GFMS operates, supply perfectly matches demand every year – right down to the ounce. Gold inventories never change. If there is a supply-deficit of 1,700 tonnes in 2011, presto!, 1,700 tonnes of "recycled gold" appears in the marketplace to balance all the ledgers. You don't have to be a cynic (like myself) to note that the only "gold" which can be instantly/magically conjured up to meet any level of demand is the "paper gold" which banks like Morgan Stanley have been known to sell to their Chumps.

What Is Happening In Gold?

Posted: 29 Oct 2012 10:16 AM PDT

ByAdam Beaty:

What is happening in Gold (GLD)?

(click to enlarge)

By the looks of it in this chart it looks like gold is pulling back from its 52 week highs. We are seeing a nice topping pattern forming as GLD begins to rollover. We need a trade in this!

Fundamental Analysis

Gold is a good asset to get in for the shear fact it adds a level of diversification to your portfolio. It carries with it a lower volatility making it more stable for portfolios. With gold there is a lower to negative correlation with stocks, bonds, and commodities. This correlation with other assets typically makes gold a good hedge. People will buy into gold to protect against inflation, devaluation of the US dollar, and decline in stocks.

Since gold is a commodity it is influenced by the factors of supply and demand. Gold is a scarce asset with limited supply.


Complete Story »

Don’t Fear a Normal Gold Correction

Posted: 29 Oct 2012 10:16 AM PDT

This fall, gold has followed this historical trend, with the metal climbing throughout the month of September to reach a high of $1,790 an ounce on Oct. 4, only to have a normal correction to $1,701.

Fear Index October 2012 – A tiger by the tail

Posted: 29 Oct 2012 09:00 AM PDT

The Federal Reserve's new stimulus measures have had a noticeable impact on market confidence in the dollar and the solvency of our current monetary system. The Fear Index picked up in September ...

The Free Market’s Slow Death

Posted: 29 Oct 2012 08:34 AM PDT

Governments will always try to persuade us that it is markets, and not them at fault. They have been doing this to varying degrees for a hundred years, ever since the abandonment of the gold standard. We are now on the last lap of this delusion.

Ship carrying 700 tons of gold ore disappears

Posted: 29 Oct 2012 08:20 AM PDT

link

Quote:

A ship carrying 700 tons of gold ore has disappeared off the coast of Russia.

The cargo carrier Amurskoe and its nine crew members disappeared in the Sea of Okhotsk on Sunday night, Russia Today reports.

Three ships, an aircraft and a helicopter were deployed to look for Tamurskoe. By nightfall, the search was called off on account of poor weather and waves up to four metres high.

Searchers returned Monday morning. An Mi-8 chopper and two trawlers joined the effort.

The Amurskoe left the village of Neran in Russia's Far East Khabarovsk territory and was headed toward Okhotsk in the Sea of Okhotsk, according to the newspaper.

Soon after the vessel entered the Sea of Okhotsk Sunday night, it sent out a distress signal and hasn't been heard from since
Even Russia is having 'boating accidents' now

Technocratic Control Over Greek Gold is Reason For Destruction of Economy

Posted: 29 Oct 2012 07:46 AM PDT

from occupycorporatism.com:

Last week, gold fell below $1,700 an ounce. This prompted caution in the metals markets as the Federal Reserve Bank continues its purchases of the mortgage-backed securities. The mainstream media touts this act as an attempt to stimulate the American economy; however it is nothing less than a land-grab by the technocrats.

Overseas, Germany's central bank has neglected to audit the country's estimated 3,400 tons of gold reserves. This resource would be desirable to the technocrats at this critical time – when they are endeavoring to implode fiat currencies in the EuroZone. Those gold stores are in the hands of the Federal Reserve headed by Ben Bernanke.

Keep on reading @ occupycorporatism.com

Santilli: 7 Billion People Cannot Be Sheltered. The Government Is Bunkering Up. Why Aren't We?

Posted: 29 Oct 2012 07:39 AM PDT

Tonight Pete interviews Robert Vicino about natural disasters, economic collapse, thermo nuclear warfare, and many other circumstances that could cause societal collapse. His company builds secret underground bunkers capable of sheltering 1000 + people. His comments that we will not be about to shelter 7 billion people is sobering, but he's right. He's also right about the fact that our Government has known since the 70′s about an "event" that may take place, and they are fully prepared to bunker-up.

Today's Topics Covered:

The Bunker News Report brought to you by OccupyCorporatism.com
Pete takes calls from listeners
Hurricane Sandy is barreling towards the Northeast, posing a national security emergency that could
At the :30:00 = 1:00:00 min: Robert Vicino, Founder of VIVOS ( http://www.terravivos.com )
Susannah Cole co-hosts the second hour with Pete. They begin by discussing the $43 Trillion Bankster Lawsuit
Pete presents multiple anomalies regarding Infowars.com Alex Jones's background. He asks the listeners to verify for themselves and ask themselves why Jones doesn't mention Zionism in his news segments and articles.
Pete announces that this episode is his last internet-exclusive show, as he launches on the Republic Broadcasting Network tomorrow 10/29/12.

Tune in every night at 7pm PST / 9PM Central / 10pm EST for the pre-show. The live show starts at 8pm PST / 10 pm CST / 11pm EST, and of course, join us 24/7 in the best LIVE show chat room in all of True Media!

from petersantillitv:

~TVR

Egon von Greyerz talks with King World News

Posted: 29 Oct 2012 07:33 AM PDT

Egon von Greyerz talks with King World News

To Listen to the Interview goto kingworldnews.com:

Egon von Greyerz (EvG): Founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland – EvG forecasted the current economic problems over 10 years ago. In 2002 (gold $300/ oz.) MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system. EvG specialises in M&A and Asset allocation consultancy for private family funds. MAM (based in Zurich, Switzerland) specialises in wealth preservation for high net worth individuals as well as institutions. The GoldSwitzerland Division was created to facilitate the buying and storage of physical gold and silver for private investors, companies, trusts and pension funds.

Listen to the Interview Now @ kingworldnews.com

Greyerz – Two Absolutely Incredible & Key Gold Charts

Posted: 29 Oct 2012 07:24 AM PDT

from kingworldnews.com:

Today Egon von Greyerz sent two incredibly important and extremely key gold charts exclusively to King World News. Greyerz, who is founder and managing partner at Matterhorn Asset Management, also spoke with KWN about these key charts and their importance in the gold market going forward."

But first, Greyerz had to say: "What I am focusing on is the economy is deteriorating everywhere, in Europe and in the US. I just saw some very interesting statistics, the US hourly earnings are down, in real terms, against gold they are down 90% since 1971, and down 81% since 2001."

Keep on reading @ kingworldnews.com

Celente – It’s Not Just Germany’s Gold That’s Missing

Posted: 29 Oct 2012 07:22 AM PDT

from kingworldnews.com:

Today top trends forecaster Gerald Celente told King World News it's not just Germany's gold that's missing. Celente discussed other countries missing gold as well as the collapsing global economy. Celente also gave KWN readers and listeners an exclusive second sneak peak at his Autumn Trends Journal. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.

But first, here is a small portion of what Celente had to say about the global economy and gold: "It's not only Germany (who's gold is missing), it's the United Sates, it's all of the countries. Nobody knows what's in Fort Knox. They won't let anybody in. Where's the gold in the United States? How come we can't go in and look in Fort Knox?"

Keep on reading @ kingworldnews.com

Here Is Why Gold & Silver Are Set To Explode Going Forward

Posted: 29 Oct 2012 07:20 AM PDT

from kingworldnews.com:

Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, discusses every investors dream.

Below is Fitzwilson's exclusive piece for KWN:

"We have seen some very fine discussions this week about the short-term technical and fundamental situation for gold. We thought it might also be useful to take a bit longer view of the situation as well as explain why people are frustrated with their investment allocations and the advice they have been receiving main stream financial advisors.

Keep on reading @ kingworldnews.com

Zimbabwe's gold production a shadow of its former self

Posted: 29 Oct 2012 07:15 AM PDT

Despite its natural endowment of resources such as gold, platinum, palladium and many other precious, rare metals, the Southern African state of Zimbabwe has not been able to profit from the ...

Sure, theres probably still gold in central bank vaults, but how many claims to it?

Posted: 29 Oct 2012 07:09 AM PDT

Superb Hugh Hendry Interview on Gold, Hyperinflation, Treasuries, Stocks, Japan, China, Real Assets

Posted: 29 Oct 2012 06:46 AM PDT

Here Come the Gold Naysayers Again

Posted: 29 Oct 2012 06:24 AM PDT

Casey Research

Gold 'Lacks Upside Drivers,' but Support at $1,700

Posted: 29 Oct 2012 06:04 AM PDT

U.S. dollar gold prices dropped below $1,710 an ounce Monday morning in London, below where they ended last week, after failing to hold onto gains made in Asian trading.

Bullion Price Waiting for US Election Outcome

Posted: 29 Oct 2012 05:31 AM PDT

This week we will finally wave off October which has been the first month in the last five to register a decline in the gold price. It hasn't all been bad, last week holdings in gold-backed exchange-traded products reached record levels.

Indian Gold Demand Absent as Bearish Trend Remains

Posted: 29 Oct 2012 05:30 AM PDT

Gold Mining Margins Will Expand Further

Posted: 29 Oct 2012 04:29 AM PDT

The commodities that represent mining cost inputs are not only trending bearish but are little threat to move much higher anytime soon. Meanwhile, gold is trading in a healthy range.

Gold and Silver Market morning, October 29, 2012

Posted: 29 Oct 2012 04:00 AM PDT

Gold: India’s Capital Asset through History

Posted: 29 Oct 2012 03:58 AM PDT

Mises.org

Links 10/29/12

Posted: 29 Oct 2012 03:46 AM PDT

Sunlight in a Pipe: New Natural Lighting System OilPrice

Huge boost for nanotubes on chips BBC

Steve Jobs' Yacht Revealed, Christened 'Venus' [VIDEO] Mashable

Is Pakistan's Paranoia Pushing it Into a Nuclear War with India? OilPrice

Rajoy Faces Bailout Split With Monti at Madrid Meeting Bloomberg

Europe's Crisis Spawns Calls for a Breakup—of Spain Wall Street Journal

Germany rattled as losses loom in Greece Telegraph

EU Bureaucracy has Lost Control of Italy; Social Mood Turns Black Michael Shedlock

Italian Markets Are Tanking — And These Ominous Comments From Berlusconi May Be Why Clusterstock

US money market funds return to eurozone Financial Times

A pari passu upset? FT Alphaville and Known Unknowns in Pari Passu … and More to Come Anna Gelpern, Credit Slips

Sharp Warnings as Hurricane Churns In New York Times

Hurricane adds uncertainty to US election Financial Times

Visual Guide To The Federal Reserve Barry Ritholtz (furzy mouse)

Barclays survey shows bullish sentiment in case of Romeny victory Sober Look

Junk Bonds Grow More Popular and Turn Even Riskier New York Times

Koch Brothers and the Road to "Citizens United" Real News Network. You really need to watch this or read the transcript. I'm a big fan of Greg Palast and he delivers.

The Effects of Golden Parachutes James Kwak

Flexibility for Employers Means Less Flexibility for Workers Dean Baker

Why Does the SEC Protect Banks' Dirty Secrets? Bloomberg (furzy mouse)

Can the company fire you for the way you vote? Guardian

MF Global Couldn't Keep Track of Funds Wall Street Journal. How is this not a blatant Sarbanes Oxley violation? Why has Corzine not been prosecuted? The WSJ is getting damning info from litigant who have no subpoena powers. The lack of official action is a disgrace.

* * *

lambert here:

Mission elapsed time: T + 51 and counting*

Too often summer days appear 
Emblems of perfect happiness 
I can't confront: I must await 
A time less bold, less rich, less clear: 
An autumn more appropriate. –Philip Larkin, Mother, Summer, I

Walmart. Unions: "The day of the strike, we spoke by phone to [Manuela Rosales, 25 a] Wal-Mart employee at a Los Angeles-area store who had joined the walk-out. 'Me personally, as a single mom, it's very hard. I go day-by-day with my paycheck, and sometimes I have to take loans,' she said. 'I don't think I should have to do that. And I don't want to go for welfare, either. Why would I go to welfare when I work for a company that could pay me more? A company that makes billions and billions of dollars?'" … Zoning: "Despite the recent posturing against the project by some council members, Jim McMahan, in particular, and by Harford County Executive David Craig, who has asked Walmart to consider staying put in Abingdon, all these folks had multiple opportunities to stop the project before it ever saw the light of day — and in most instances they did just the opposite." Zoning, permitting, code enforcement: Where home rule is won or lost.

Occupy. Occupy Oakland: Iraq veteran on where the movement stands today — video (Scott Olsen). 

AL. Voting: The Don Seigelman case and election fraud (video).

FL. Voting: "The R attorney who engineered the 2000 FL felons list, which African American leaders [correctly!] said purged thousands of eligible blacks from voter rolls in the state and helped swing that election to the GOP, also wrote the first draft of FL's controversial House Bill 1355 that has restricted early voting and voter registration campaigns in 2012." The scum also rises. … Polls: "To win FL, Obama needs a big lead in Miami-Dade, where Ds outnumber Rs by 15 percentage points, 44-29 percent. Obama won Miami-Dade by a 16-point margin in 2008. A Sunday Miami Herald poll, however, shows Obama is only winning Miami-Dade by 9 percentage points." … Alan Grayson: "[R Todd] Long is considered a long shot in the race because [D Alan] Grayson has raised 33 times more money than he has, and also because of the party makeup of the district — 42 percent are Democrats and 27 percent are Republicans."

IL. Vouchers: "Only months after the passage of [Jonah] Edelman's historic anti-union legislation, the Chicago Teachers Union authorized a strike. [Edelman] had predicted it would never get the support of 75% of its members. It got the support of 90% (and 98% of all who cast a ballot). And now strikes have broken out in other districts in Illinois. Some may have been inspired by the CTU strike. Those Chicago equity investors picked a losing cause. They seem to have energized the teachers unions."

LA. Snark watch: "I look forward to arguing against using federal tax dollars to rebuild flood prone Manhattan and, of course, sending a stream of Bywater hipsters to entrepreneur Brooklyn back to life" ("People shouldn't live there"). Ouch!

MA. Hurricane Sandy: "It's a good idea to secure the loose stuff that could fly around in the wind, e.g. political yards signs."

MD. Zombies: A look at 2012 in zombies (gallery).

ME. Ladies of negotiable affection: "But the prosecution also noted in that it has retained for trial seven computers, a scanner, two cellphones, a global positioning system, surveillance glasses, night vision glasses and various cameras and equipment." Memo to self: Do not give real name while receiving zumba instruction!

MI. More guns, please: "Saad and Beckering reversed the lower court ruling, holding that a MI statute that prohibits local units of government from regulating pistols or firearms except as provided by state or federal law precluded the [Capital Area District Library] board of trustees from enforcing its library-specific ban."

NJ. Hurricane Sandy: "'If you're staying [on the barrier islands], you're just stupid,' [Gov. Chris] Christie said. 'It's just plain stupid to stay. For any folks on barrier islands right now and you still have power, yes, I'm calling you stupid. It's very difficult for us to order first responders to go in there and try to save folks.'" "Folks." … Hurricane Sandy: "'People are just buying whatever they can,' [Costco Manager Lou Raymondi] said. 'They're picking up jewelry or TVs with their water.'" Is this usual? … Hurricane Sandy: "'You get the crazy ones who want to party it out,' [Trump Palace casino, locksmith and security guard Art Hartwell] said. 'You could sandbag this place and they'd still try to get in.'"

NY. Hurricane Sandy: "The state Department of Environmental Conservation issued a notice Friday that states all hunters, hikers and campers should be out of the woods by Sunday evening." … Unions: "This may have been going on below the radar but the state Nurses Association has voted to disaffiliate from the American Nurses Association. Citing what they term a new militancy among New York nurses (many of whom have long complained of being overworked and understaffed) they contend the national group wasn't doing much for them."

OH. Swing state Keynesianism: "Obama has basically been running for 'President of Ohio,' as Jon Stewart calls it for four years." Yep. Too bad I don't live there! (And rather unexpected to see in Electablog, I must say.) … Obama: "There are no precedents in the database for a candidate [in this case, Obama] losing with a two- or three-point lead in a state when the polling volume was that rich. it is misinformed to refer to Ohio as a toss-up. Mr. Obama is the favorite there, and because of Ohio's central position in the Electoral College, he is therefore the overall favorite in the election." … Early voting: "Voters without clear party allegiance outnumber both Democrats and Republicans. The number of non-affiliateds casting early and absentee votes in Hamilton has jumped 13% since 2008, to 48,282. Similar trends hold in many of the other big counties across the state. The mystery of who is really winning the early voting race depends in large part on who those voters are voting for–and that, no board of elections can say."

PA. Hurricane Sandy: "The City of Brotherly Love is straight in the path of the storm. It goes without saying that Philadelphia is Ds' base in PA. A large natural disaster, which could knock out power and telephone service for large areas, could throw a wrench in [D GOTV]. [OTOH,] Managing a natural disaster is one of the most visible roles of the federal government and the President." … Hurricane Sandy: "One friend told me to make sure to loosen the strings on my guitars, because the humidity may warp the necks." … Hurricane Sandy: "'Everyone has exams coming up, and Thanksgiving isn't far away,' [Alex Klein UPenn junior] said. 'If worse comes to worst, we'll just study. We've got candles.'"

TN. Sex scandal: "'His biggest thing that's completely unethical is him [Rep. Scott DesJarlais, R-TN] just picking up women while he's a doctor,' the woman said. 'I mean, seriously, that's his big no-no. … He's just a hound.'"

VA. Class warfare: "With more than 200 wineries, 50 breweries and distilleries and a notable wine-to-table movement, VA can position itself as a serious destination for high-income foodies." … Voting: "The state has decided to allow people who are concerned the storm may limit their ability to get to the polls on election day to vote absentee in person. The last day to do so is Saturday." … Meta: "We love Obama. He's a person you want to have a beer with."

WA. Police state: "[Seattle] Mayor McGinn said he sees the drones as 'a low-cost alternative to having a helicopter' at a scene." Reassuring! … Police state: "This is the militarization of our streets and now the air above us." … Coal: "Close to 2,000 people came to participate in a public meeting called to identify public concerns about the [proposed] Gateway Pacific Terminal coal export pier."

WI. Yah sure you betcha: "[Our Norwegian visitors] wanted to stop at a gun shop where they could get some pictures. I suggested the Ace Hardware in Sauk City, where I get my own rifle serviced. They want to try to explain to their readership the prevalence of guns in American culture. Good luck with that, I thought." … Red vs. blue: "It's almost as if there are two Wisconsins: not 'red' Wisconsin and 'blue' Wisconsin, but 'base' Wisconsin and 'swing' Wisconsin" (charts).

Outside baseball. Disposition matrix: "They're using metadata to target people," [NSA whistleblower William Binney] says." What could go wrong? … Disinvestment: "Washington's failure to come up with a long-term funding plan to repair the nation 's faltering transportation system is shifting the cost of critical infrastructure repairs to state and local taxpayers, according to Standard & Poor's Rating Services." Next stop, privatization! … Food: "The country this year is on pace to double the number of foodborne illnesses from last year." … How It Could Happen, Part IV: "Late in the afternoon of the 18th, after a day of bruising debates, the UT delegate slumped back in her chair and said wearily, 'I've got an idea. Why don't we just dissolve the Union and let everyone have what they want.' 'I could live with that,' snapped the delegate from VT. She considered him for a long moment. 'I'm starting to think a lot of people could.'" … ObamaCare: "According to the guidelines set out by ObamaCare states had until Sept. 30 to choose the 'essential health benefits,' or minimums, that would be covered under state exchanges. Iowa was not the only state to miss the deadline. Only 16 states and Washington, D.C., met the target date, according to the Kaiser Foundation, although another 16 states indicated they would submit their plans in the coming weeks." … "Burn pits": "Casteel, a 32-year-old writer and converted peace activist, died Aug. 25 of lung cancer his family believes was caused by toxins from the burn pit at Iraq's Abu Ghraib prison, where Casteel served as an interrogator in 2004. More than 200 people in 48 states have filed lawsuits against Kellogg Brown & Root, a TX-based contractor that operated military burn pits. The suits claim soldiers were sickened by dangerous smoke and contaminated groundwater."

Grand Bargain™-brand catfood watch. Public relations: "Funded by Peterson, several corporate CEOs, and other wealthy donors, the Campaign to Fix the Debt seeks to sway media coverage and buy numerous ads to push its austerity-for-others agenda. Perhaps the most public spokespersons of the Campaign are ex-politicians Erskine Bowles and Alan Simpson." Remind me again who set up the Simpson-Bowles commission? … "Fiscal cliff": "[A] growing contingent of policy wonks and Democrats insists that letting the Dec. 31 deadline come and go — thus triggering automatic tax increases and spending cuts — could produce the best outcome for the country." Trial balloon.

The trail. Crazy Republicans: "I swear, it's as if they are doing damage control for Obama – no sooner does he step in it than they come in swinging to punch themselves in the face." Crazy? Or point-shaving? … Immigration: "But when the president announced a policy allowing young people like her to temporarily avoid deportation, [Viridiana Martinez] was anything but elated. 'It's all political theater," said the 26-year-old who came to the U.S. illegally from Mexico when she was 6 and grew up in North Carolina. 'For me, at this point, applying for deferred action would be like accepting that theater, and I can't do that.'" Enthusiasm! … Electoral college: "There are 11 days left in the presidential election, and the picture is static. Mitt Romney and President Obama remain knotted in the national vote. Obama, however, maintains an edge in the all-important electoral college. The lead is small, but seemingly solid." … Swing states: "At the same time, The Washington Post is hardly alone among pollsters to show better results for Mr. Obama in the swing states than in their national numbers. This is a pattern that we have been observing all year, and it seems to have become more pronounced recently" (Nate Silver). … Exit polls: "To save money this year, the [consortium formed by ABC, CBS, CNN, Fox News Channel, NBC and the AP] is doing bare bones exit polling in 19 states. The affected states are: AK, AR, DE, GA, HI, ID, KY, LA, NB, ND, OK, RI, SC, SD, TN, TX, UT, WV and WY, along with DC." And not OH or VA? No swing states at all?! [UPDATE: But see comments.] … Class warfare: "The campaign finance reports show that this year's presidential race has created a huge economic stimulus package for campaign operatives, whose total payday is often undisclosed."

The Obama vs. The Romney. The Romey: "However, Romney surpassed Obama on the peace front, repeatedly using the terms peace and peaceful, which Obama never uttered. 'We can't kill our way out of this mess,' he said of Iran, after previously endorsing a possible military strike on Tehran."

The Obama. Climate change: "[OBAMA:] I am surprised it didn't come up in one of the debates." Oh please; the debates are totally wired. If the campaign had asked for it, the question would put. … Obama parody: "For those who haven't channel-surfed their way to Comedy Central, Luther is Obama's so-called anger translator, the president's fictional right-hand man — a wildly animated and overtly frustrated pulls-no-punches mouthpiece whom Keegan-Michael Key and Jordan Peele created for their edgy sketch comedy series 'Key & Peele.'"

* Slogan of the day: The Obama Loves Children!

* * *

Antidote du jour. Furzy mouse's labrador, Claire, was bitten by a king cobra and died (the perils of living in Thailand). This labrador photo is in memorial:


This China News Supports Higher Silver Prices in 2013

Posted: 29 Oct 2012 02:17 AM PDT

Analysts forecast China's silver demand to increase as much as 10% in 2013 from investors looking to preserve their wealth. This is a record level for Chinese silver demand – and good news for silver investors since China is the world's second-biggest user of the metal.

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