Anyone holding Barkerville to see where it goes or is it time to cash out and take profits?

@Really-

They would be trading silver for gold.  After that, gold is money, so they can hold that until a gold standard re-establishes itself, either formally or informally, and then buy up whatever they are interested in.  If the US doesn't collapse too hard, I will probably be buying up a great deal of real estate, and investing in materials science R&D, as that is what I know.

Regarding solar flares affecting databases & triggering bank runs etc, I do believe the ultimate objective for those running the system is to herd everyone into a digital currency of some kind.

That said I have to question whether a major "glitch" with the current digital currency system would be the way to usher in a new digital currency system.

That thought has crossed my mind on a few occasions too.

When you look at the course of human history and how far we've come as a species in terms of technological achievement etc., it wasn't all that long ago that we were grunting bipeds banging rocks together to create a spark for a fire.

Suddenly we're on the cusp of discovering the God particle, and we're already far along with cutting (and editing) the very blueprint of human life (DNA).

Now that humans are "playing God" with the very building blocks of all life, I have great concerns over our (in)abilities to keep our greed and ego in check - and what the consequences of that will be.

"At the risk of being considered crass, I truly wish the economy would just swan dive over the ledge already.  It's become blindingly obvious to those of us paying attention that it can't be fixed in it's current condition."

I prefer the slow decline as opposed to pulling the rug out quickly. Giving people a chance to adapt, and letting them 'wake up' on their own terms is the better option, to avoid as much social unrest as possible. IMO

I hate to think what will happen to the 'prepared' when the 'unprepared' wake up suddenly and are already past the end of their rope. I don't really want to be in that reality.

True it can't be fixed, but giving some of us a chance to start building a replacement frame work on the way down is better than throwing the dice in an instant meltdown.

For instance, I'm still building my garden and figuring out how to grow and can food, getting started with a bee hive and bee keeping, have signed up for Red Cross first aid classes and a three day hand gun home protection course. Trying to get up to speed on food storage and haven't even looked at bug out options yet.

It takes time, I could use another year. Or two.

Just saying.... it's a lot to do.

higgs boson walks into a church.

the priest says, "you can't come in here, churches are only for people."

higgs boson says, "without me, you can't have mass."

I should have supported my argument for swan dive vs. crawl with the theory of triage.

Will 2-5 more years of gradual decline allow more people to prepare, or will a sudden reset force people to do something they might never do otherwise.  That is an argument I can't provide any data on, but what I considered in my previous post.  I guess we will find out.

Good point about the unprepared.  I don't want to deal with hungry, angry, scared, desperate people.

Good sir, your preps sound like a conversion to off the grid, and that is something I haven't even started yet.

I'm about to post the entire series somewhere else on here and I'll leave the link here after I do so.

This is part one.   And here's the link to the rest of the series.    

http://www.tfmetalsreport.com/comment/186337#comment-186337

The controversies and conflicts leading to war, including the Stamp Act, the Boston Massacre, the Boston Tea Party, and the Battles of Lexington and Concord.

@treefrog

A sound idea if you will pardon an interjection from an Ancient Briton.  Our parliamentary system was based on local men representing their locality;  now, centralised parties treat constituencies as within their gift, and bugger the locals!

I read the interview Turd gave with Doc this morning. Lots of ground covered and well worth the read/listen. One of the general themes discussed was how many things were fraudulently managed today. Future historians will surely be tempted to call this the Age of Corruption and the interview hits many of the high points of corruption as pertains to metals.

Reviewing the COT numbers, both Turd and Doc were enthusiastic that the numbers were potentially very bullish from a structure standpoint to allow significant price appreciation in the near future. When I first read their argument I'd have to say they both make a good case. Then I thought about forest and trees and assumptions (often assumptions are unstated).

Consider the COT report the tree. It exists in a forest of what exactly? Well part of this forest is the bullion banks (JPM, HSBC, Brinks, the Delaware Depository), hedge funds (for the most part anonymous), large commercial miners and speculators and the organizing entity, the Comex. Keeping in mind the Age of Corruption meme, who exactly says what the COT is. Why the Comex, of course. And the reports' numbers are verified for accuracy by: the Comex as they are a self regulated entity. I suppose one could argue that the CFTC oversees the Comex but I'd liken that to the fox overseeing the hen house. So basically just the Comex is responsible for the COT report. And everyone treats it as gospel.

Turd and the Doc just got through discussing how many things were managed today. So does the Comex reputation build any confidence that the COT report is accurate? Turd, and perhaps a few of you, just got burned by the MFGlobal fiasco. The Comex was supposed to stand behind, and touted such on their website, the safety from theft of customer accounts. So no help to the reputation there. And the allowance to settle contracts in shares of GLD or SLV in place of real metal is a reputation minus. And the monthly settlements of gold and silver contracts, millions of ounces per year, with no withdrawals from from the dealer category (Harvey Organ speaks of this often) calls into question just exactly what kind of a physical market is the Comex running? Ted Butler has written extensively on commodity law, which is supposed to apply to the Comex, and what really happens. Suffice it to say following commodity law is not a strong suit of the Comex. So no reputation help there.

To this point we have a COT report with major players of disrepute involved, put out by an organization of questionable repute, and overseen by a governmental body of questionable repute. I'm not saying the report is not genuine or correct, just that the players involved are unable to lend their reputations to its genuineness. So maybe this report is real. In an age when everything else of consequence is managed this one item might have been overlooked or just not require managing.

Which brings me to the point of motive: Is there a reason or benefit to managing the report? Could it be managed if the Powerz wanted it to be?

Certainly the COT report is talked about and analyzed extensively by the metal community. Turd, the Doc, Clive Maude, Ted Butler, Dan Norcini, and a host of other analysts discuss it at length. Many make going long or short recommendations based on the report structure. So from a motive standpoint a reason to manage the report is present. This reason dovetails nicely with the price management through paper contracts to move a relatively small community (in the West) one way or the other. Is there perhaps a computer algorithm or two that reacts in a particular way to the report numbers? So I would submit that motive is present.

Is there opportunity? Just because one wants to do something does not mean all obstacles magically vanish. Considering the reputations of the bullion banks and Comex, one obstacle not present is ethics, a point I will not belabor.

Now consider the construction of the report. In the most basic form the report is just a summation of market participants long and short positions for a given week. No fancy math required, just addition and subtraction. Similar to voting in a secret ballot, only the Comex and the CFTC are the ones which get to see and verify all the votes. And the CFTC is probably not looking, which just leaves the Comex. So the only thing stopping the Comex from adjusting the numbers is the Comex. That seems to me to be a very thin reed to hang any investment decisions or analysis on. But maybe, in an Age of Corruption, this is the one report that is not managed. Maybe, but opportunity is there if there is the will.

Military pilots are drilled with the axiom: Check Your Six. Investors need to check their facts, check their fundamentals, some check their TA and charts. And everyone needs to check their assumptions.

Just for the heck of it. Thing 1:

Town in England turns off traffic lights surprising results

... and I have received a complaint that my funny stuff is too wordy -- therefore:

... and finally:

Thanks for the input. I made 150% on that stock so will take profits tommorow. They say pigs get slaughtered so i'll try and have some discipline and sell.

...we are all in this together, like it or not. Here's to the only day when I might consider drinking something that looked like this:

While I certainly have reservations, worries and 'cultural differences' with the current state of things here in the USA, I've always thought that the ideals of enlightenment (no, I don't mean Illumination), liberty and opportunity were a lasting and very significant contribution from the forefathers here to the annals of history -- whatever detractors of the lack of history and culture in the US might say. I've certainly benefited from them, and grateful for the opportunity.

 "A single lighted candle, can light a thousand other candles"

That's what I love about this place, it's not just a Watchtower keeping vigil, it is a literal Grecian urn burning in front of that parabolic mirror, providing not only light but a source of ignition to spread ideas with. I'm very happy to have met this motley crue of freewheeling miscreants.

When my friends and family ask me what I think of the US, whether I like it, I am always torn in how to answer. I have plenty of issues with many things here, from the shallowness of society at times, the plutocracy, the 'disposable' attitude toward everything -- including, alas, human relationships, the lack of knowledge (or interest) about the world and history. Yet I always answer: this is a country the size of a continent, with myriad natural beauties (both landscape and human), with 300M+ inhabitants and climates ranging from arctic to equatorial tropics. If you cannot find like-minded, valuable people to share your life with, and an environment that suits your temperament -- then the problem is with YOU, not the country. And I suppose that goes for the entire world, as well - complaining about Anglo-Saxon shortcomings is a futile exercise (my ancestral home has MUCH more than its fair share of back-stabbing, short-sighted, ignorant idiots).

But this was, 'til now, largely a rationalization, a theorem that had yet to be proven. Now I see that I was not fudging or far off from the truth.

As a kid, I used to like this song a lot -- it only recently came to my attention that there was perhaps more to it than our MSM masters deemed fit to disseminate to the wider public:

As I went walking I saw a sign there

And on the sign it said "No Trespassing."

But on the other side it didn't say nothing,

That side was made for you and me.

Nobody living can ever stop me,

As I go walking that freedom highway;

Nobody living can ever make me turn back

This land was made for you and me.

In the squares of the city, In the shadow of a steeple;

By the relief office, I'd seen my people.

As they stood there hungry, I stood there asking,

Is this land made for you and me?

Remember the idea, not the imperfect human manifestation of the current day -- may we all live to see the recognition of these self evident truths once more (or for the first time, as the case may be):

"When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.--Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government."

Bill Nye / Science Guy