Sunday, November 27, 2011

Christian missionaries playing stoupid games

Christians from outside of India are stirring up trouble using immoral practices.  Here is a link to the article.  http://www.hindujagruti.org/news/12683.html Do not give to missionaries sending money overseas for Christmas, the money is used to entice children away from their native religion to Christianity. I  am concerned Christian missionaries will start a civil war in India, they teach people scandalous and untrue things about native Hindu religion. The government seems to look the other way. See my page on missionaries explaining what has been happening in India and other countries.  Some Churches are sending shoe boxes to Africa and possibly India, this is to entice children away from their culture and religion with candy and toys.  This is wrong and very damaging to christianity.  Christians are using the ends justify the means, they will get quick but not lasting results and will cause resentment and many will die in violence that it causes. Do we really want to cause a war between Moslems and christians in Africa or between hindus and Christians in Asia-- we already have enough problems caused by polyticians, we dont need the Churches throwing gas on the fire!

Saturday, November 26, 2011

Billionaire Sprott

He asks silver producers to keep money in silver instead of the bank. This would be less risky. Banks are paying next to nothing in interest plus banks can go under. He is also the one who came up with PSLV the silver Etf backed completely by silver bullion. Here is a link to the article:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/25_Billionaire_Eric_Sprott_Asking_Silver_Producers_to_Save_in_Silver.html
The people who run SLV have been known to short silver at their own risk. Of course if they get caught they probably figure Uncle Sam will bail them out.

Monday, November 14, 2011

Be aware of fake silver

China is flooding the market with fake silver dollar coins and even fake silver bars. they have not started doing the dimes yet. Many are being sold on Ebay and pawn shops so be careful where you buy silver. Also know your weights, bars are being sold that have only a tiny fraction of the silver in them but they look like regular bars.Even coin dealers are being fooled by the counterfeit coins. One way to prevent a catastrophic loss is not buy really large lots of silver in one place, also getting dimes would work as well.Here is a link to an article on the subject:  http://www.shtfplan.com/precious-metals/chinese-counterfeiters-flood-global-markets-with-fake-silver-and-gold-100000-coins-from-a-single-counterfeiter_11102011

Neodymatic slide, how to tell fakes from real silver dollars. Some fakes are slightly magnetic and some are not.    <iframe width="960" height="720" src="http://www.youtube.com/embed/3gUjuS5TzwI" frameborder="0" allowfullscreen></iframe>

<iframe width="1280" height="720" src="http://www.youtube.com/embed/NgSXg-WOEVY" frameborder="0" allowfullscreen></iframe>   (slide strong magnet down silver bar)

Sunday, October 30, 2011

Silver and Gold

J.P. Morgan or JPM is the custodian of SLV the etf and HSB bank is the custodian of the etf GLD. Both of these companies are accused of shorting silver and gold. Some are concerned about statements in the etf prospectus and the safty of the etf.  There will be a Sprott silver fund coming out with better conditions, it is recommended to sell the SLV and buy the Sprott silver fund. Some etf s are better allocated than others-- it is best for the fund to hold silver bars in their possession to back all of the etf.
    Metals and maybe markets may back off some this week which is another chance to buy into the metals markets. Stock markets should be profitable for the rest of the year. The European debt crisis is not solved.

Thursday, October 27, 2011

US mint / Euro

The US mint started selling the 25thth Anniversary  silver Eagle set today for $299.95 for the 5 coin set. It completely sold out by 3:30 pm. The website went to a slow crawl. They are completely out of the 100,000 sets -- there will only be 100,000 coin sets made.  Who said there is a low silver demand? Silver is over $35 at close today. The US mint put a limit of 5 sets to be bought by any household so no one can get more than 5 , period.  Goldmart.com is offering  $400 for each unopened set and APMEX is offering $425.  They are also pre-selling them on Ebay.com for around $440 or more.
     The Euro will crash by 2016, temporarily it is fixed at least for a few days. The European Union is doomed to fall apart.

Wednesday, October 26, 2011

AGNC

AGNC has $1.39 per share earnings and after hours makes secondary offering. Silver is 33.55 at midnight.

Tuesday, October 18, 2011

Silver position limits

The CFTC  is imposing silver position limits and also short limits.  Some large holders may have to sell plus some shorts may have to buy. Greec's debt may be higher than what we previously believed so there may be a rough week for stocks. Silver is already down some, we could see a drop in price but also some volatility in both directions. REIT stocks are quiet. CIM is up 10% from a few weeks ago.