Three Items For The Overnight

212
Mon, Jul 2, 2012 - 6:01pm

Thanks to all who submitted guesses for the latest hat contest. The contest is now closed. Recognizing you need a new thread for the overnight, here are three things to discuss.

First, Trader Dan doesn't have the time to post every day but, when he does, it's almost always worth your time to read. His post from Friday was fantastic. Below is a chart of his which I lifted from the post. It shows that we currently have a "record" amount of naked spec shorts in silver. Surely, this is a bullish, contrarian indicator and it follows along with the theory I've posited here that The Silver Cartel is methodically shifting the burden of being short from themselves to the specs (sheep). https://www.traderdannorcini.blogspot.com/2012/06/hedge-funds-continue-to-pummel-silver.html

Next, our pal Jeff Nielson has penned a great new article. This time he focuses on the LIEbor scandal. Please take the time to read it. https://www.bullionbullscanada.com/intl-commentary/25570-bankers-fraud-now-too-big-to-fail

Lastly, please take 30 minutes to listen to this program from BBC radio. It is a fair and balanced discussion of the benefits and challenges of a return to "the gold standard". It features two guys with whom many Turdites have become familiar, John Butler and Detlev Schlichter. Well worth your time even though it presupposes that "The West" will have some choice as to whether or not the world returns to sound money. Also, the arrogant AGA at 23:00 almost makes me homicidal. (If an admin can figure out a way to embed this audio, please do.)

https://www.bbc.co.uk/programmes/b01k9qd8

Okey-dokey, that's all for today. See you on Tuesday.

TF

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  212 Comments

Gramp
Jul 2, 2012 - 11:27pm

Cop Put in Place...

Looks to be in Maine.

If the weapon was not concealed, I believe no permit is required.

Though I am surprised they allowed him to go.

¤
Jul 2, 2012 - 11:31pm

Nice and mellow

A good vibe going on in here today

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Tube
Jul 2, 2012 - 11:37pm

Off to vacation...

Will be spending some nights in the hot tub so I'll post this for all to enjoy. Happy 4th everyone.

https://www.hulu.com/watch/291118

¤
Jul 2, 2012 - 11:39pm

This is for anyone who....

....couldn't stand that last tune.

The Rolling Stones Gimme Shelter 1970 / full concert

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sprite bam
Jul 2, 2012 - 11:48pm

@ bam

I doubt it.

Garrett is probably the most ineffectual politician we have. No thanks to Rudd.

He should have stuck to songwriting and milkshake machine imitating.

Gramp
Jul 2, 2012 - 11:54pm

.

.

Vypuero SilverFocker
Jul 3, 2012 - 12:01am

@SilverFocker

Ok, I will go to my employer and ask them to stop taking out the tax that is taken from my paycheck every week.

IT IS NOT FREE OR VOLUNTARY!

I am not saying insurance companies are not part of the whole cartel now, they are, but that was not always the case and would not be in a true free market, nor would I have money stolen from me daily against my will.

Be Prepared
Jul 3, 2012 - 12:03am

Making Your Own Buried Cache for PMs or Whatever...

Bury a gun and ammo
for 15 years
(and be assured everything still works when you dig it up)
By Charles Wood


Back in the early 1990s the outlook for the nation in general and gun owners in particular seemed rather grim to many people. A few years earlier in 1986, Congress had banned civilians from owning newly manufactured machine guns. There was ever more strident talk of banning semi-automatic weapons or so called assault weapons. Many of us regarded a semi-automatic rifle as the foundation of a home defense battery. Many of us believed that more laws banning ever more types of guns were imminent. About that time I acquired a Ruger Ranch Rifle through a private sale. I decided to stash it away in a safe place just in case my worst fear was to materialize, another gun ban.


The general location of the pipe after the logging was done. It would have helped if I had had a better method of locating the pipe.

First order of business was to decide how I would prepare the gun for long-term storage and where I would store it. I decided that for maximum security I needed to bury it. This would keep it safe from all but the most determined government goons. I set about finding an appropriate location. I live in a fairly remote, wooded rural area in the northeast. One day as I was walking in the woods I noticed a hemlock tree had blown down and been uprooted by a recent windstorm. There was a small crater about eight feet across and three feet deep where the root ball had been torn out of the ground. It occurred to me that this would be a good spot for my rifle.

Since I now had the location, I began preparing the rifle for storage. I bought a piece of 6-inch diameter schedule 40 PVC pipe, end caps, and PVC solvent from a hardware store in another town where I had never done business before. Being in a rural area where everyone knows everyone I didn’t want to arouse any suspicions about what I was up to. I then disassembled the rifle and completely coated every metal part with a rust preventative oil intended for storing unused machinery in damp locations. This oil dries to form a waxy coating. I was extra careful that the bore was completely coated. I wanted to vacuum-pack the rifle as extra insurance against rust. As it turned out my employer had just taken delivery of a mainframe computer that happened to be wrapped in a large


Here is the top of the pipe uncovered with the noose and winch attached.

aluminized mylar bag for shipping. This proved to be the perfect material for my purpose. I discovered that with a warm iron I could fuse the edges of this material into a custom-fitted airtight bag for the rifle. I placed each individual component of the partially disassembled rifle in its own custom-made mylar bag with a small bag of silica gel desiccant to absorb any moisture present. Using my shop vac and an iron I managed to produce a professional-looking vacuum-packing job. The barreled action, stock, trigger assembly, hand guard, magazines, scope, and mounts all went into individual bags. Since the rifle was so heavily preserved I knew I would need something to degrease it with when I finally retrieved it so I included two small cans of 1-1-1 Trichlorethane in the package. Also, since a rifle is of little use without ammunition, several thousand rounds of .223 were included. Because every well-maintained rifle needs to be cleaned and oiled occasionally, I added a cleaning rod, patches, Hoppe’s #9 solvent, gun oil, grease, and owner’s manual. A set of reloading dies was included as well. If dire circumstances required me to retrieve my rifle I wanted to be sure that I would have everything at hand necessary to put it into service. All of the individually wrapped components were sealed together into a larger mylar bag custom-made for the purpose along with a couple more medium-sized bags of desiccant. A few bags of ammo were taped to the side of this bag and the entire thing was wrapped in duct tape. Additional ammo was packed into zip lock freezer bags. <Rest of the Article>

bam sprite
Jul 3, 2012 - 12:06am

@sprite

That was just a (bad) joke regarding Emerson's singing and dancing.

Wasn't referring to the political skills (or lack thereof) of PG. I lived in Sydney for 7 years and Perth for 1, so I'm not too far out of the awareness loop, though a few years away have fuzzed the mind RE Australian politics.

pforth
Jul 3, 2012 - 12:15am

Nice spike

Go silver go. Not used to seeing late night upward spikes, but I like it!

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