Happy Birthday

91
Wed, Oct 8, 2014 - 6:34am

WARNING: This piece is a shameless attempt to distract you from the world of precious metals, finance, economics and geopolitics to draw attention to a ‘strictly human interest’ story. Please do not make ANY decisions, let alone investment ones, based on the information presented. This is purely for entertainment purposes.

Politicians and governments garner favor, popularity and support from their constituents in different ways.

Some favor populist measures, such as tax breaks or benefit ‘giveaways’ to citizenry, subsidies and social entitlements – be they cash transfers or fuel/food price controls. Thus it has been since at least the days of Rome (and erudite readers can no doubt point to much earlier instances), when panem et circenses (bread and circuses) became a part of everyday parlance.

When such measures prove inadequate to generate sufficient fervor due to, say, overwhelmingly deteriorating economic conditions, or when civil liberties and human rights are being systematically curtailed, or when war is deemed necessary (or all three of the above), the specter of an external, powerful enemy and its act of outrageous aggression and villainy almost magically materialize EVERY SINGLE TIME. Some 'fringe' students of history may even point to incidents where acts of sabotage and violence may have in fact been either carried out or 'gently encouraged to happen' by agents of various government actors. This in turn justifies not only immediate and extensive government (re)action -- but a mechanism by which this can be done to the cheering on by at least a tacit majority of the population.

But in the end, both of the above avenues are rather costly. Social benefits cost taxpayer money, wars cost lots of money AND taxpayer lives (though numerically this latter has gone through a deflationary bias in recent decades, at least on the Western side). Wars mean that energy supplies must be expended, geopolitical power must be put at risk. Even via close central planning and policies of total spectrum of dominance, wars introduce elements of chance and unintended or at least poorly controlled consequences. It is a great and mighty tool in the toolbox of the ruling bodies, but ultimately a resort for special, truly deserving occasions.

The method for influencing popular opinion with the greatest ROI, great scalability (to a limit), lowest cost of entry, fewest distortions of economic systems (unless so desired, of course) and lowest ratio of unintended consequences: pure, uncut and mainlined propaganda. This of course must also be liberally applied as part of BOTH avenues above, and so remains a constant garnish (some might even say determinant) of public discourse about the performance and likeability of governments.

One of the original tomes on the topic is a surprisingly short read, and its opening and closing paragraphs may sound chilling to some:

Page 1: “THE conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country.

We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society.

Our invisible governors are, in many cases, unaware of the identity of their fellow members in the inner cabinet.

They govern us by their qualities of natural leadership, their ability to supply needed ideas and by their key position in the social structure. Whatever attitude one chooses to take toward this condition, it remains a fact that in almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons—a trifling fraction of our hundred and twenty million—who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind, who harness old social forces and contrive new ways to bind and guide the world.”

Last page: “Undoubtedly the public is becoming aware of the methods which are being used to mold its opinions and habits. If the public is better informed about the processes of its own life, it will be so much the more receptive to reasonable appeals to its own interests. No matter how sophisticated, how cynical the public may become about publicity methods, it must respond to the basic appeals, because it will always need food, crave amusement, long for beauty, respond to leadership.

If the public becomes more intelligent in its commercial demands, commercial firms will meet the new standards. If it becomes weary of the old methods used to persuade it to accept a given idea or commodity, its leaders will present their appeals more intelligently.

Propaganda will never die out. Intelligent men must realize that propaganda is the modern instrument by which they can fight for productive ends and help to bring order out of chaos.” Edward Bernays: Propaganda (1928)

So it is with this lengthy preamble that I present to you what it looks like when efforts to sway the populace are executed with the most stringent care taken to safeguard shareholder return on investment in deploying funds. С Днем Рождения , товарищ Путин. Happy Birthday, Comrade.

"С Днем Рождения, Президент России" - поют "ХИТрюшки"

While most of the photos below are from (aka George Malets?) -- (please take a moment to peruse the author's blog, many more can be found there), the story was also covered in Radio Free Europe, ABC News and even the WashPo -- along with any number of media outlets decrying the sheer cult of personality on display. Putinwear and iPutin at the GUM: "GUM always was and remains the greatest country’s store."

The 12 Labors of Putin and other neoclassical pop-art, as envisioned in a collection put on display by (impromptu) curator Mikhail Antonov:

Slaying the Terrrrrist of Nemea, fighting the Hydra of Western Sanctions (note the flag on the head already severed), and vanquishing the Stymphalian Birds of Syria:

Herding the SinoRussian Relations of Geryon

Taming the Cretan Bull of Crimea

But all that is really just a warm-up. Perusing the media, one may notice that lots of great impromptu events seem to have popped up across the nation. While a few folks may have had a chance to visit an art gallery near the Kremlin, presumably many more passed by this bridge in Moscow:

A huge banner depicting U.S. President Barack Obama wearing a T-shirt wishing Russia's President Vladimir Putin a happy birthday, hangs on a bridge in Moscow, October 7, 2014. CREDIT: REUTERS/NEWS AGENCY RIDUS

Not to mention these fine, spontaneous expressions of civic gratitude in cities across Russia:

Russia: These 7 cities graffitied 'THANKS' to Putin on his 62nd bday

“The graffiti on the facades of apartment buildings spell out the words: Sovereignty, Memory, Arctic, Strength, History, Safety, and Olympics. The first letters of these words (Suveritet, Pamyat', Arktika, Sila, Istoria, Besopasnost, and Olimpiada) also form the word thanks (spasibo) in Russian. Altogether they appeared on walls in Moscow, St. Petersburg, Novosibirsk, Vladivostok, Irkutsk, Kaliningrad, and Sevastopol.

The youth educational project, Net, organised the art events. “

A fanshop even opened in New York, apparently -- making the phenomenon truly global:

USA: 'Putin the Peacemaker' t-shirts go on sale in NYC

“Julius Kasinskis, owner of the 'Peacemaker Shop' (English): "It's all about the idea of people portraying Putin as a different person. And my idea of him is totally different of what I hear as common knowledge, especially in the United States. "

But the TRUE Pièce de résistance was (at least to me) truly remarkable. As a matter of fact, it was the primary reason for wasting your time with such a fluff piece of a post in the first place. I am literally left speechless, and would invite readers to propose analogies for similar celebrations that were (or SHOULD HAVE BEEN) held for imperial political leaders who so successfully and humanely pacified earlier 'tensions' in distant provinces, and brought prosperity to the grateful inhabitants of said lands.

(from Instagram account of the former anti-Russian guerilla-leader turned Head of the Chechen Republic, Ramzan Kadyrov)

100,000 People Attend Putin Birthday Parade in Grozny (more pictures here and here)

В центре Грозного прошло многотысячное шествие в честь дня рождения Владимира Путина

And there you have it, ladies and gentlemen. Birthdays are naturally occurring opportunities to fortify and enhance the popular image of beloved leaders. I, for one, gladly welcome the fact that our wise and benevolent overlords/puppets statesmen have now grown to “present their appeals more intelligently”.

“CBS White House reporter Mark Knoller is the unofficial but widely trusted chronicler of data on presidential travels and other day-to-day White House goings-on, so we turned to his calculations.

On Aug. 8, 2014, Knoller tweeted that Obama had taken 19 vacations totaling 125 days so far while in office. Those numbers have risen a bit due to the Martha’s Vineyard vacation, but that’s still many fewer than George W. Bush’s 65 combined trips to his Texas ranch and his parents’ home in Kennebunkport, Maine, which totaled 407 days at the same point in his presidency.” Tampa Bay Times - PolitiFact

“The visit to the forests of the Siberian taiga will be the first time in more than 15 years that nature-lover Mr. Putin has taken a vacation on his birthday, Kremlin spokesman Dmitry Peskov told state news agency TASS.” – WSJ

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DeaconBenjamin
Oct 10, 2014 - 8:15am

South Stream project finance postponed until 2015

Fundraising to begin building the subsea stretch of the South Stream gas pipeline from Russia across the Black Sea has been postponed until the first quarter of 2015, Russian news agency Interfax has said.

A source at gas exporter Gazprom, which owns half the project, said the schedule had been pushed back from December, Interfax said.

“To raise the project finance by the end of 2014, this is not the case now,” the source said. “The shareholders have now agreed on arranging the funding in the first quarter of next year.”

South Stream Transport B.V., operator of the subsea part of the pipeline, and Gazprom both declined comment.

The $45 billion pipeline is designed to circumvent Ukraine, with which Gazprom is locked in a dispute over gas pricing which promoted the company to halt deliveries in mid-June.

Wintershall, part of German chemicals group , Italy’s Eni and France’s EDF also have stakes in the pipeline project.

The project also passes through Turkey’s territorial waters before reaching Bulgaria.

Gazprom said Oct. 1 it has agreed with Turkey to increase the capacity of the Blue Stream underwater gas pipeline to 19 billion cubic meters (bcm), from 16 bcm.

The increase came as Turkey, the second-largest consumer of Russian gas after Germany, sided with Gazprom on the South Stream undersea gas pipeline project to Europe.

https://www.hurriyetdailynews.com/south-stream-project-finance-postponed...

Sanctions?

DeaconBenjamin
Oct 10, 2014 - 7:58am

David Morgan's Secret to Being Grateful, Even at $17 Silver

Manipulation and apathy can't keep silver prices down forever; there is too much demand and too much money sitting on the sidelines. In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life. He also explains why he is still excited about four developers that are moving projects forward at any price.

The Gold Report: A recent GFMS/Thomson Reuters Silver Institute World Silver Survey shows that while the price of silver dropped 23.6% in the last year, there was actually an increase in demand, particularly from China and India. Why is the price so low when the fundamentals seem to point otherwise?

David Morgan: As the survey shows, there was a deficit of silver, which means fundamentally the price should be higher. But real prices are determined in the paper markets and the pressure there has been downward.

Additionally, the large physical silver holding companies—Sprott Physical Silver Trust (PSLV:NAR), Central Fund of Canada (CEF) and the Zurich Cantonal Bank, the silver ETF—have not purchased any quantities of bullion in quite some time. That begs the question of why these big, traditionally bullish entities aren't stepping in at these low silver prices.

The other question investors are asking is, "When is this going to turn around?" They get depressed and say, "I can't win because the manipulators always win. It's pointless to be in this market." That mindset has taken hold of a lot of people who were once very bullish in the silver market.

This is all proof that we're very close to the bottom, if not at the bottom. When sentiment is this low, people become fearful. As Jim Dines says, the cure for low prices is low prices. It won't go on forever, even though it may seem that way now.

TGR: What price are you using for silver when you evaluate companies? Do you pencil in what the fundamentals say the price should be or the psychologically beaten down price of the paper market?

DM: We go with the market, which right now is saying $17 an ounce ($17/oz). The market cannot be argued with; the price is what it is. Regardless how it got there, manipulation or not, it is what it is. We use the 90-day average price because it's a standard in most industries and tends to smooth out the fluctuations. We might not agree with what the market is saying, but that's immaterial to our analysis. Our analysis has to be based on what the market is showing.

TGR: Is there a tipping point where the silver price is so low that even non-silver bugs start to see it as an entry point and come into the market?

DM: There are plenty of people, including money managers, who understand that this is a great price. They are just waiting for the right moment to bite. It usually starts with someone nibbling at the market and starting to accumulate. Or, someone sells aggressively to test the market for the absolute low. The Rothschilds were notorious for this type of market test and probably the first to do so in a manner that the public became aware of such tactics. They sold something they wanted to buy to force the price down so they could start accumulating at the very bottom. Either way, there will come a point where savvy buyers will start accumulating again.

TGR: Do those sorts of tests happen in the silver market more because it's smaller and more volatile both on the upside and the downside?

DM: I wouldn't say that kind of market activity happens more frequently, but I would say it's more effective in the silver market because it doesn't take a lot of selling or buying pressure to move the market. It would be more difficult to have the same impact with a large, liquid stock like Google Inc. (GOOG:NASDAQ), for example.

TGR: Is there a tipping point where the silver price is so low that companies can't afford to produce it?

DM: Yes and no. The reality is that there are actually very few pure silver operations. As much as 70% of the silver produced is an offtake of mining for base metals. These producers really don't give a hoot about the price of silver. As long as they're making money in copper, lead and zinc, they don't pay attention to the silver price. They will keep producing no matter how low the silver price goes.

Even primary silver producers are reluctant to turn off the lights temporarily when they are working at a loss. I figure the average all-in sustaining cost per ounce, including taxes, is $23/oz. That makes selling for $17/oz unsustainable. But in the long run, operating minimally at a loss for a few months actually makes more sense than halting production. There are many reasons. Customer and employee contracts would result in big fines if not fulfilled in some cases. Also, keeping the wheels turning is important because mines deteriorate rapidly. A lot of them have to be dewatered, monitored for structural integrity and generally maintained. It actually might cost more to shut down and restart later than run it at a loss for a year as an example.

TGR: Is high grading taking some of the edge off that loss? Is that going to have an effect a couple of years from now on the number of Indicated resources left when prices are higher?

DM: Any company that has the ability to high-grade right now is doing it to squeeze out any profit possible. Some companies are in a better position than others. When gold was $1,900/oz, some mined the lower-grade ore that cost them, for example, $1,600/oz all-in costs and took that profit, leaving the $1,100/oz or lower higher grade for a rainy day when margins are tight, such as what we are experiencing now.

The general trend, however, has been toward lower grade resources. We have a finite planet and the easy stuff is targeted first. It's true in oil, it's true in metals. The grades being mined now are grades that were not considered worth mining three decades ago. But there is very little high grade left, so companies go after whatever can be done profitably.

https://www.theaureport.com/pub/na/david-morgans-secret-to-being-gratefu...

DeaconBenjamin
Oct 10, 2014 - 7:46am

Another Financial Times article

China’s migrants thrive in Spain’s crisis
Entrepreneurs rely on family support to scale the economic ladder

The article states that the Chinese in Spain prospered -- even during the downturn -- because they do not use banks. The community (individuals) invests in various businesses and there is a high degree of personal accountability. There is also a work ethic with which the Spanish have no desire to compete.

DeaconBenjamin
Oct 10, 2014 - 7:34am

Financial Times article

Merkel looks to China for Putin mediation
Ukraine crisis overshadows meeting of Chinese and German leaders in Berlin

Safety Dan
Oct 10, 2014 - 7:33am

Dept. of Defense Ebola

Dept. of Defense Ebola manual: smoking guns

by Jon Rappoport

October 9, 2014

NoMoreFakeNews.com

As I’ve been pointing out, the standard test for diagnosing Ebola is the PCR, which has many flaws that render it misleading and useless.

Therefore, “diagnosed with Ebola,” through the PCR test, means nothing. “Ebola” could be flu, could be “drinking contaminated water,” could be any number of non-Ebola conditions.

Analogy: you’re flying a plane at night over a land mass your instruments tell you is Greenland—but the instruments often indicate Greenland when they should be reporting Iceland, Alaska, Nova Scotia, Quebec or even Fiji.

So when the authorities report there are 6000 cases of Ebola and 3000 deaths, or when they report that two patients in the US have Ebola, they’re relying on a diagnostic test that can’t confirm any of these assertions is true.

This is verified in spades by a Dept. of Defense manual.

The title is: “Ebola Zaire (EZ1) rRT-PCR (TaqMan®) Assay on ABI 7500 Fast Dx, LightCycler, & JBAIDS: INSTRUCTION BOOKLET” published by “Joint Project Manager Medical Countermeasures Systems.” It is dated 14 August 2014.

https://www.fda.gov/downloads/MedicalDevices/Safety/EmergencySituations/UCM408334.pdf

Under the title is the statement: “Manufactured by the Naval Medical Research Center for the US DOD.”

Here is a quote:

“…the EZ1 assay [the PCR test] should not be performed unless the individual has been exposed to or is at risk for exposure to Ebola Zaire virus or has signs and symptoms of infection with Ebola Zaire virus (detected in the West Africa outbreak in 2014) that meet clinical and epidemiologic criteria for testing suspect specimens.”

Translation: “Unless you’re already pretty sure the patient has Ebola—whatever that means—don’t run the test, because the test isn’t all that reliable.”

Not very reassuring. A test is a test. It’s supposed to register a true positive or negative result on anyone.

Here’s another quote:

“[The PCR test] should not be used as the sole basis for patient management decisions. Results [of the PCR] are for the presumptive identification of the Ebola Zaire virus (detected in the West Africa outbreak in 2014).”

Translation: “The word ‘presumptive’ means ‘we’re not sure’. And that’s right. We’re not sure. Don’t rely on the PCR for a definitive diagnosis of Ebola.”

Here is the final quote: “The definitive identification of the Ebola Zaire virus (detected in the West Africa outbreak in 2014) requires additional testing and confirmation procedures in consultation with public health or other authorities for whom reporting is required. The diagnosis of Ebola Zaire virus (detected in the West Africa outbreak in 2014) infection must be made based on history, signs, symptoms, exposure likelihood, and other laboratory evidence in addition to the identification of the Ebola Zaire virus (detected in the West Africa outbreak in 2014) by this [PCR] test.”

That’s the capper. It baldly states that other diagnostic tests must be run. I can tell you what those other tests should be. One, purification and direct isolation of the virus from the patient; and two, a test to determine the amount of virus in the patient—because millions and millions of active Ebola virus must be present in the patient to even begin to say he is “an Ebola case.”

And I can tell you these tests are not being run on so-called Ebola patients.

Therefore, this whole “Ebola event” is the blind leading the blind.

We see other evidence of this. Press reports are mentioning the fact that far fewer “Ebola patients” than expected are showing blood hemorrhaging. Another tip-off that the PCR test is bringing into the fold “presumptive cases of Ebola”—people who are suffering from factors that have nothing to do with Ebola.

Last week, when Tom Frieden, the head of the CDC, gave a press conference concerning “the Dallas Ebola patient,” he assured one and all that the patient had Ebola, because the PCR test, “a very accurate test,” had been run. (see the 2m06s mark in the video of the press conference.)

Another CDC lie.

Some readers, who haven’t been reading all my Ebola articles (archived here), will respond by saying, “If it isn’t Ebola, then what is it?”

The flaw in that question is the use of the word “it,” which suggests that whatever is making people sick and killing them is one thing.

This is the same flaw present in AIDS, West Nile, SARS, bird flu, Swine Flu. The assumption that one germ is responsible, in each “epidemic,” is false.

The illness and death occurred for many different reasons—and the medical trick involved is pretending a single virus connected all these disparate people together.

In other words: hoax.

Jon Rappoport

Safety Dan
Oct 10, 2014 - 6:56am

Who Will Control Ebola - Insurance Companies?

Ebola and Insurance

Andre Willers 10 Oct 2014 Synopsis :

Insurance companies can and will destroy the Tourist Industries in overreaction to Ebola . Shipping will be affected as well . Effective quarantine as insurance becomes unavailable .

Discussion :

1.You will have to be really , really healthy to go anywhere .

The end of the Jet-set .

2.What do you do with an Ebola-contaminated aircraft or ship ? They are nearly impossible to decontaminate .

3.If Governments lack the will to take the necessary shut-down steps , the Insurance companies certainly will . If you get on a plane knowing there is an Ebola risk , insurance will not cover you . Ditto for ships . Fancy being member of a crew with suspected Ebola members aboard ? Passenger ships will be even more paranoid.

4.This will effectively ground the planes and ships to and from certain destinations . Lack of a coherent and believable policy by nations will destroy the economies of many tourist countries . In most of Africa and Europe , tourism plays the role of distribution of surplus wealth . Ie , it lowers global Gini . A few rich nations cowering behind armed plague barriers surrounded by desperate Ebola-fodder does not seem healthy . No wonder they are fortifying the Balkans and Ukraine . Not to mention the Urals . All food importers will starve . The grain will rot in the producer warehouses , and the cargo ships will be mothballed .

5.This has happened before . The most famous case is the destruction of British Empire trade after Churchill signed the notice that the Royal Navy would not protect shipping (in 1914) . Seehttps://andreswhy.blogspot.com/2009/03/featherfall.html Catastrophe ! No ship would sail without insurance clearance . The trade empire ground to a halt . Many entire nations were ruined overnight (Argentina being the main one . They still have not recovered .)

6.You can always walk . And walk they will . The Volkewanderungs have only started .

7.Flashpoints are northern borders of old Ottoman empire , Mexican-US border , US-Canada border , all African borders , all Mediterranean shores , etc

8.The new cattle-class : the Uninsurables . Coming to a transport hub near you !

Self-insurably yours Andre xxxxxxxxx

https://www.academia.edu/8713304/Ebola_and_Insurance

Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
5/28 8:30 ET Durable Goods
5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Safety Dan
Oct 10, 2014 - 6:37am

President Obama Speaks on Ebola - Another Few "Oops

President Obama Speaks on Ebola

President Obama Speaks on Ebola

1:50 min President states chances are extremely low Ebola will come to the US.* - missed Dallas

2:00 min Hospitals have been prepared to detect and treat Ebola - missed 1st Dallas case sent home

5:50 min Directed team to prepare 2 months ago - missed, see below

6:00 min 3 Steps - missed, see below

6:50 min How to prevent spreading - missed, see below

10:50 min Sadly see prediction was correct - missed see below

Chronology: Worst Ebola outbreak on record tests global response

(Reuters) - International agencies and governments are fighting to contain the world's worst Ebola epidemic since the disease was identified in 1976.

The virus, which causes fever and bleeding, has killed nearly 4,000 people.

Here is a timeline of the outbreak: - See linked article

*OBAMA REITERATES CHANCE OF EBOLA OUTBREAK IN U.S. EXTREMELY LOW

Followed by CDC Director Frieden's perspective that:

"I've been working in public health for 30 years... The only thing like this has been AIDS. And we have to work now so that this is not the world's next AIDS."

and then none other than SOUTHCOM Commander, Marine Gen. John F. Kelly warns that:

"The nightmare scenario, I think, is right around the corner."

Why Screening for Ebola By Taking Temperature CAN’T Work

Safety Dan
Oct 10, 2014 - 6:01am

You Might This Is Funny, But Its Snot... & Gold

By Rachel Feltman October 9 at 2:23 PM

That's going to be one glittery sneeze. (bigstock)

Could this be the new gold standard in mucus appraisal? Researchers from the University of North Carolina at Chapel Hill have used tiny particles of gold to help measure the thickness of human secretions -- an important diagnostic for people with diseases, such as cystic fibrosis.

Healthy lungs are kept snot-free by cilia, which line our airways like little hairs. These cilia catch mucus and pull it out of the lungs and into the throat so we can breathe easily.

Some diseases like cystic fibrosis make mucus form too thickly for this mechanism to work. It can get trapped in the lungs, making breathing laborious -- and even causing infections. There are drugs that help to thin the mucus, but it's important to monitor their effectiveness.

These researchers, who will present their work at the 98th annual meeting of The Optical Society in Tuscon this month, used gold nanorods to check mucus thickness.

Gold nanorods were dropped into samples of mucus, which were then lit up with a laser. By analyzing the way the light bounced off these tiny gold pieces, the researchers could track how quickly they were moving through the mucus. The faster the nanorods spread through it, the thinner it was.

The method might even be used directly within the body, because the analysis worked even when mucus was sliding around on top of other cells. It's going to take at least five years for the researchers to undertake human testing, though -- they want to be sure that the particles will pass right through the body instead of lingering.

https://www.washingtonpost.com/news/speaking-of-science/wp/2014/10/09/sc...

Spartacus Rex
Oct 10, 2014 - 5:55am

Steve St. Angelo, SRSrocco Report

U.S. MINT RECORD SILVER EAGLE SALES: Best All Year

https://www.silverseek.com/article/us-mint-record-silver-eagle-sales-best-all-year-13683

Excerpt:

"Lastly…. investors are voting with their fiat money by purchasing 85 Silver Eagles for each Gold Eagle oz. Thus, investors have now spent more money purchasing Silver Eagles than Gold Eagles in 2014–another record.

If we go by the current average annual price of gold and silver (add premium for Gold Eagles and for Silver Eagles), we would have the following:

Estimated Market Value of Gold & Silver Eagle Sales in 2014

2014 Gold Eagle Sales = 1 million

2014 Silver Eagle Sales = 5 million

Again, this is just an estimate, but I would imagine when the U.S. Mint publishes its 2014 Annual Report, we will see that total Dollar sales in Silver Eagles will be higher than Gold Eagles."

Gee, Sorry Steve, but Not Quite Correct!

Facts trump "estimates". Courtesy of Chartsrus:

Cheers, S. Rex

atarangi
Oct 10, 2014 - 3:08am

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Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
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5/11 12:00 ET Goon Bostic speech
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3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

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