http://dublinopinion.com/2011/04/21/david-mcwilliams-condensed-bollocks-with-a-shamrock-on-top/#comment-79869

See comments 16 — 18 in particular for an account of how he has recently engaged in censorship here on his own site, in relation to the Google article.

Specifically he engaged in censorship in relation to post question google and others tax avoidance.

Stop at langtons see who is around etc
Back to bnb

Sat 0930 bnb breakfast

The Invisible Hand Is A Master of What the Public Ignores

CIGA Eric

Those frustrated by timing gold have two choices. Remove opinion and emotion by (1) turning off the quote machine and refrain from using leverage going forward, or (2) through mathematical study of money flows, confidence, and time to interpret the market. The latter is much harder than the former.

Those expecting gold to transition from the power D-wave decline (DOWN) to C-wave advance (UP), thus, skipping the AB transition fail to recognize the importance of price management by the invisible hand to prevent what Jim Sinclair describes as follows:

The more money you create, the more money you must continue to create until it goes to infinity. You go cold turkey on money creation, you unleash the economic wrath of hell in the entire Western world. It all comes down in one great implosion.

Russia and China would act immediately economically to take full and powerful advantage of your error in application. You have to wean a drug addict off the drug in order to not kill him in recovery.

The stakes of this monetary game, not widely understood or well played, are extremely high.

The secular bull market follows a basic ABCD cycle. AB transitions transfer ownership of the trend from weak to strong hands before the powerful C-wave advance due to start in 2013. While the investment world tends to focus solely on price, they completely ignore money flows, confidence , and TIME. The invisible hand profits from a rising trend without heavy long side exposure because it’s the master of what the public ignores.

Jim Willie (Hat Trick Letter)

THE LONG ACCEPTED INVERSE CORRELATION BETWEEN THE USDOLLAR INDEX AND THE GOLD PRICE IS FLAWED AND SHOULD BE ABANDONED IN ANALYTIC CIRCLES. IT FAILS TO EXPLAIN THE LAST SEVEN YEARS OF GOLD’S PERFORMANCE. THE LACK OF CONNECTION SHOWS HOW ATTENTION PAID TO THE USDOLLAR INDEX IS MISLEADING AND IRRELEVANT.

Jonathan Kosares of USAGold focuses his attention in the argument against the correlation on the consumer purchase patterns and prices paid. Still housing costs dominate the household budgets, then transportation and food. The biggest escalation in price has been seen in gasoline (+100%), coffee (+87%), eggs (56%), meat (+40%), and electricity (+41%) since 2005. Although the USDollar has gained ground versus the embattled Euro currency, all major currencies have lost significant value versus the Gold price. Kosares concluded, “The net result is that the dollar index remains tightly bound in its range, as do all of the other currencies, yet all devalue against real goods and services. As currency wars ramp up, the nominal values applied to currencies in this model will become increasingly irrelevant and misleading. In fact, one could argue, given its decline across so many areas, that a collapse in the value of the dollar is already taking place, and it is being disguised, not displayed, by the dollar index.” See the Gold Seek article (CLICK HERE).

THE UNITED STATES HAS SUFFERED A HUGE GOLD DEFICIT AS RECORD AMOUNTS HAVE BEEN EXPORTED TO SWITZERLAND, LONDON, AND HONG KONG. THE THREE COUNTRIES ACCOUNTED FOR 70% OF ALL US-BASED GOLD EXPORTS. THE AMERICAN SOURCES ARE BACKSTOPPING ENORMOUS EASTERN PURCHASES TO PREVENT DEFAULT. THE STORY CONFIRMS THE DRAIN OF GOLD IN LONDON BANKS. WITNESS A CONTINUING TRANSFER OF WEALTH FROM WEST TO EAST, MAKING HISTORY.

Over the first seven months of the year, the United States has run up a huge gold deficit, after exports of a record 424 metric tons of gold. The ramp-up is significant, since the US exported a total of 488 metric tons for the entire year in 2011. According to the US Geological Survey, their July Gold Mineral Industry Survey states the US only imported 188 metric tons of gold between January and July, but exported 424 metric tons. The resulting deficit amounts to 102 metric tons. One would think the big shortfall would make the financial news. Some of this deficit was compensated by the domestic US gold mine supply. Factor in the domestic gold mine supply plus the gold imports in the first seven months of 2012, to find the United States ran a large 102 metric ton gold account deficit. The United States is exporting record volumes of gold. The majority of it is being sent to Switzerland, London, and Hong Kong. Without a doubt, these large gold exports from the land that constantly denigrates gold are intended to fill the insatiable demand for physical gold by the Eastern buyers. The US is helping to backstop the European big bullion banks that are under siege from demand by China and the Dragon Family. This data confirms, or at least provides some corroborating evidence, that the London banks are being drained of gold.

The United States produced 134 metric tons of gold between January and July of 2012. Shown in a table from the linked article, with source again the US Geological Survey, of the total 134 metric tons of gold produced in the country, Nevada supplied 102 metric tons or 76% of the overall amount. Alaska produced 11% of the US production. The three nations of Switzerland, London, and Hong Kong are major bank centers. Clearly, Hong Kong is taking delivery of massive orders on behalf of their many diverse Asian clients. They surely have lost patience with the banker fraud, monetary excesses from QE initiatives, and the debasement of their outsized reserves in possession. The arrivals to the Swiss and London locations are to backstop the enormous deliveries to Eastern clients. Switzerland received the largest share of the gold, importing 137.3 metric tons of gold from the US, while the United Kingdom came in second at 84.3 mt, followed by Hong Kong at 74.5 mt. These three countries alone imported 70% of all the entire 424 mt gold exported from the United States during this time. Other nations involved in the exports were Australia, Canada, India, and Thailand. See the Silver Doctors article (CLICK HERE).

Subscribe to the Hat Trick Letter for the full article.

I have signed up to attend 11 shows. 1 down and10 to go.
I noticed Sat night had one I wanted to attend. 9.45 pm is “Wrestling the economy back from the banks”.
So I will be at the Langtons pub at about 8.45 to 9.15 and then return at 11.15. I have a Festival Club ticket for Sat night as well which is held at Langtons.

If anyone else wants to attend the Festival Club gathering the ticket can be purchased at the ticket office on John Street accross from Langtons for 5 Euros.