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Yemen’s Capital Rocked by Explosions

Yemen’s capital was rocked by explosions and gunfire tonight as forces loyal to President Ali Abdullah Saleh battled tribal opponents in the city’s north.

At least 10 people died and dozens were wounded after the army shelled several districts with artillery and mortars.

Walid Qassem, who lives in the city’s north, said five civilians were killed in al-Thawara zone after they were hit by shells.

He said he saw their bodies in a mosque as they were being prepared for burial.

“There is a terrible destruction and damage of the houses. I have seen big buildings being rocked by shells,” he said in an interview.

To contact the reporter on this story: Mohammed Hatem in Dubai at [email protected]

GOLD & SILVER TO TREND TO HIGH AS CHRISTMAS RALLY TO KICK START AFTER OPTION EXPIRY.

CHECK THE FOLLOWING CHARTS.

Turd, thanks for the podcast. Well done!

Noticed the social networking icons aren't quite right when the podcast is made "sticky." Will do a quick adjustment for now and look into it.

Very Nice Turd. JC's spidey senses on high alert as well. Hmmm.

Probably my favorite so far. Thanks.

BSD

That was a stand up interview. Very nice!

The part about the ETF's being untradeable and us being stuck when the market is closed hit home. What a helpless failing it is.

Great job again TF

This is a collection of some of the best Nebraska Cornhuskers highlights ever, all put together in one amazing video. Once you see this, you will see the tradition of Husker football at it's best. Includes 70's, 80's, 90's, and 2000's clips... from Jerry Tagge to Johnny Rodgers to Mike Rozier to Tommy Frazier to Matt Davison and even to Eric Crouch. A MUST SEE!!!

The two of you should set up a one day seminar/conference where we could watch you guys can talk for hours on stage.  I'll set up the popcorn and fried dough stands.

A few threads ago, someone posted the melt values of coins, specifically nickels.  I tried to find it again but missed it.  Anyway, has anyone given thought to stacking nickels in case the currency does go up in smoke?  Seems you can exchange paper dollars for them all at a discount to melt price, but still use them as currency if needed.  "Hi, I would like to buy some farmland with these 2 million nickels please."  Logistically, storage may be an issue.

Keep up the great work Turd.  Love the forum and the many contributors.

Humble

I don't know how this would skew things;

Privacy and secrecy are very real concerns with this tool.  Everything said on this forum, and all others will be recorded and searchable 100yrs from now.

Even "lost" Presidential emails will be found.

http://venturebeat.com/2011/10/21/anonymous-occupy-wall-street-police/

I always have some vague hope that if a trend starts in the UK, or Canada that it'll catch on in the US.

Accounting auditors;

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8842094/...

Anonymous may have found something.  Like a use for themselves.

http://www.huffingtonpost.com/2011/10/22/anonymous-hacks-lolita-city_n_1...

Hey Turd, just wanted to say thanks again for the podcasts. Could you also link that one you did with Jim Rogers? Not sure if you did any others before that can't remember. But I think you did a couple interviews on other shows. Those would be cool to see in the archive too.

:

At the link to the S.E.C. below – there is an archive of “fails to deliver equity” data whose original source is the DTCC [Depository Trust Clearing Corporation].

http://www.sec.gov/foia/docs/failsdata.htm

What is presented below is an analysis of September 2011 “fails to deliver” equities which are understood to represent physical gold and silver bullion in the market place. The individual instruments are aggregated on a coloured, daily gross ounce basis to show the serial and systemic nature of the DRAMATIC SHELL-GAME build in [naked] short ounce equivalents – which, when one considers the Jeffrey Christian Constant. It was back in March, 2010 – at CFTC hearings in Washington that expert testimony was given by C.P.M. Group Chairman, Jeffrey Christian where he explained,

Precious metals are financial assets - and like currencies, T-Bills and T-Bonds they trade in paper at a multiple of a hundred times the underlying physical.

Using the “Jeffrey Christian constant” that 100 ounces of “paper metal” can expected to be transacted for every ounce of physical – we can “model” by “grossing-up” the effect of “understood-to-be” physical sales [but really a criminal, naked-short, shell game] by a factor of 100 to understand the amount of futures selling we should expect in response to any serial, systemic, pre-meditated, criminal, naked-shorting.

This sheds new light on the dramatic decrease of Large Commercial Net Shorts [LCNS] on COMEX we have experienced in September 2011....

http://www.24hgold.com/english/news-gold-silver-algorithms-bullion-and-criminals-the-abc-s-of-understanding-precious-metal.aspx?article=3669716960G10020&redirect=false&contributor=Rob+Kirby

Conclusions:

The data above outlines an algorithmic, naked-shorting, shell-game which has been perpetrated on our Capital Markets in a co-ordinated fashion with the complicity of the CFTC, the U.S. Treasury, The Federal Reserve and quite possibly the S.E.C. as well. The object of this criminal exercise is/was to create a plausible path for bullion banks to reduce their systemic, serial gold and silver short positions while hopefully maintaining some illusion of “free markets”.

The large, main-line precious metals ETFs [the ones sponsored by the likes of J.P. Morgan, Barclays, HSBC et al] were created for a reason folks. They were developed to serve as “tools” to enable ongoing manipulation of the traditional inflation sanctuary metals – suppressing their prices in the face of MASSIVE, GLOBAL, FIAT CURRENCY DEBASEMENT.

The shell-game outlined above is VERY REAL, is being conducted by depraved lunatics we call our “leaders” and has severe geo-political and economic implications.

We better start dealing with this in a more transparent manner or humanity has a date – in the very near future – with Armageddon.

Got physical gold and/or silver yet?

http://www.huffingtonpost.co.uk/2011/10/21/economics-how-screwed-are_n_1023505.html


Pictured above "Howard Camping"

"The self-imposed deadline for solving the eurozone debt crisis is moving. With the German and French governments at loggerheads over the size of the bailout mechanisms and over the details of its reform, hopes are fading that an agreement will be reached on Sunday.

The two governments said on Thursday night that a comprehensive plan would be announced by the middle of next week at the earliest.

Just like Camping’s forecasts, every hard deadline in Europe seems to soften as it is breached. Sunday was the absolute latest, but now it could be November." (continued)

The mortgage insurer PMI group seized in Arizona

http://finance.yahoo.com/news/PMI-unit-seized-by-Arizona-rb-3933843808.h...

They do these things on the weekend. 

Can this be at all related to the sell off of the primex? 

Sweet Turd! A joy to listen to

Keep doing what you're doing because I, as a member of Turdtown, love what you do! 

RaRa

Renminbi Kilobar – Another Sign of China's Growing Role in the Gold Market

by Alena Mikhan and Andrey Dashkov

This week the Chinese Gold & Silver Exchange Society (CGSE) – a bullion exchange based in Hong Kong – started trading gold quoted in Chinese yuan. The contract, called Renminbi Kilobar Gold, is promoted as offering investors a "double safe haven" – exposure to both gold and an appreciating currency. This line of thought nicely accompanies China's intention to boost the yuan's international appeal. It is expected that this product will attract retail and institutional investors alike from both the Chinese mainland and overseas.

Whether or not the yuan can deliver its part of the "double safe haven plan," Renminbi Kilobar Gold trading in the first day was strong, with 322 traded gold contracts totaling 112 million yuan (or US$17.5 million). The settlement price ended up at 346.95 yuan per gram, or $1,693.9 an ounce.

This is yet another sign of how fast the gold investment sector is growing in China. In 2010 investment was up 70% over 2009. In Q1 and Q2 2011 gold investment rose by 123% and 44% over the same quarters of 2010 respectively. At such a pace, the Chinese market seems to be swallowing virtually every ounce of gold it is offered. Haywood Cheung, President of the CGSE, expects their new product to boost these already-growing volumes.

To make trading convenient for overseas investors, trading hours have been set for 8 a.m. to 3:30 a.m. the next day, Hong Kong time. Traders may choose to settle their trades either in cash or with spot gold delivery. Also, there is apparently a mechanism for investors to buy with US dollars.

The main goal of this investment tool seems to be promotion of the Chinese currency across the region and on the global scale. However, the impact – intentional or otherwise – on Chinese demand may potentially have positive implications for the price of gold.

We would not be surprised to see a similar offering in India soon and will continue monitoring such developments to make sure our readers are among the first to know if anything changes.

I love the laid back conversational format, moar!

News 1: Just read an article in Nature (Oct 20, 2011) about Obama is using NASA and OSTP (Office of Science and Technology Policy) to promote technology collaboration with China.  

Quote: "The US National Science Foundation (NSF) opened an office in Beijing in 2006, and the US Department of Energy (DOE) founded a US$150 million Clean Energy Research Center with China in 2009. 

... 

NASA administrator Charles Bolden visited the country last year and invited Chinese officials to visit NASA facilities in return." 

My comment: US taxpayers are paying to give away advanced technology to China. 

News 2: A different article (Nature, Oct 20, 2011) covers China's increasingly becoming aggressive in its foreign territory claim. It claims that the entire South China Sea (including disputed territories of Paracel Islands, Spratly Islands, and Scarborough Shoal) belongs to China. Its marine scientists are ordered to use the map that include such territories in any publications they publish. It also sends geology expedition ships and robots to the disputed territories. This makes Vietnam, Philipine, Japan, Malaysia, uncomfortable. What is the motivation?  

Quote: "The disputes are decades old, but reports of oil deposits - estimated at anywhere from 1.6 to 21.3 billion recoverable barrels - and significant mineral resources are now raising the stakes".

My comment: peak resources and declining US power means rising regional powers and regional confrontation.  

Russian house repair spam above & the ability to flag it is gone from my account view. Lol!