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About Carlton

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  1. Carlton


    Maybe today is a start: Au +0.34% Ag +0.64% as of this post. Time will tell.
  2. I went to Sinclair's first Q&A in NYC for $50. NYC was $50 and Fletcher, NC is $100? This has turned into a not insignificant revenue stream. http://www.jsmineset.com/2014/01/07/north-carolina-qa-session-venue-confirmed/
  3. My list of safer miners: ANV, HL, AUQ, AEM, Osisko, Detour, NEM, FNV and safer juniors: THM, NG, Kirkland, Lakeshore Slightly less safe, but still probably okay: IAG, AUY, KGC
  4. Carlton

    UK House prices: News & Views

    From the Guardian: Sure makes one reconsider the housing privitization, and of course the low interest rates and state benefits.
  5. I do not dismiss him. He also called $1650 gold almost right on time, ten years prior. That was an amazing call, making him "Mr. Gold" for the oughts as well.
  6. In this case, you may be running from the truth. If you want the truth click here: http://www.9-11commission.gov/report/911Report.pdf ^^ That is the most accurate, comprehensive, thorough, and best explanation of 9/11 that is available. It has been researched, cross-checked, verified, and re-verified by teams of highly qualified researchers. Perhaps Stone was not a "sellout" and simply used the most accurate and well-reasoned information available as the basis of his film.
  7. I'll add, he really thinks Cyprus was a huge event. It could have been the beginning of bail-ins rather than bail-outs. Bails-ins could mean less QE and could be gold negative. Some actors had word of the (attempted) Cyprus bail-in, and this was a reason to sell gold. Cyrpus (and Russia, and reactions from around the world) have now shown that hitting depositors with bail-ins is not an acceptable way of saving banks, meaning more QE. However, I should also add that if you google for "Sutton Resources" there is a good bit of critical info regarding how the company operated, the role of Sinclair, and the veracity of some of Sinclair's statements. Some have also critized his purchases and sales of TRE stock.
  8. Notes from Sinclair Q&A, March 20, 2013 Storage companies aren’t run by saints; most physical holders never sell; the companies may be tempted. Bitcoin is “intriguing” but not practical, will not be better than a Krugerrand. PSLV is less safe than physical, though Sprott is a “top of the line fellow”; he won’t steal from you. “I don’t believe in ratios” between gold and silver. The best currencies will be from countries that have a high ratio of gold to debt, and currencies that have resource characteristics. Remonetization of silver is “most unlikely.” $500 silver is a myth. Yellin is most likely the next Fed Chair. Major miners are “so undervalued,” they’re the best values around. McEwen is “extremely capable,” but he should expand beyond the South American focus. Without Bernanke’s actions this Q&A would be held in a cave, not in the Hilton with microphones. Sprott won’t take steps to bust the COMEX because it’s “unethical” to break the “playing board.” The Angels are based on the square of the numbers, by Livermore. Gold miners used to be (stodgy, boring) dividend payers, then we had the bull market of the 70s; the nature of the sector changed. The bond market will not break, QE is an “infinite bid.” TRE shareholders will realize value through cashflow or through a sale of the company. Sinclair won’t issue one more share of stock. TRE can use its gold to finance development and operations (through ad hoc forward sales [with Oman mentioned as an example]). TRE has four cashflow projects; these are at the surface and are relatively easy; TRE may contract mine them. “I am a firm believer that we are building a major company.” Sinclair notes his sale of Sutton Co. to Barrick: “I don’t play for peanuts.” Fiat and fractional reserve banking will stay. Alf Fields is a “hardworking, straight guy,” though not necessarily perfect in his analysis. The Cyprus depositors’ haircut will go down in history as “the dumbest thing the IMF ever did.” At present, gold <$3500 is a buy and gold >$4500 is a sell. Shareholders should “kick some ass,” demand and sue for more dividends. Deciding whether to close retirements accounts is a difficult choice; you may want to keep them for a while; if there is an employer match then someone else is carrying the load with you. The average guy knows he’s been had; if they start taking money in bank accounts in the US there could be a disaster.
  9. I came from the Sinclair Q and A a few hours ago (having been in NYC for other business). I'll post some of my notes when I can use my home computer tomorrow. I definently feel that Sinclair is earnest and honest, both in his investment advice and in terms of his management of TRE and his treatment of shareholders.
  10. It's amazing that people can (presumably) study history and learn so little. In the past several days I've been able to see just how right-wing the moderator of this website is.
  11. That is a ridiculous statement. Eight years of Republican failure, turning a surplus into a deficit, starting a seemingly senseless war, declining real wages, were all good substantive reasons to switch parties in 2008. Now, why was Obama the Dem nominee? In part, because he was a good campaigner. He's inspiring, articulate, and not divisive, which is why even now about 70% of Americans have a positive view of Obama. Whereas Clinton had historical baggage and she was punished for it, fairly or not.
  12. Carlton

    The 2012 "Presidential Circus"

    (Num 14:33-34 NIV) Your children will be shepherds here for forty years, suffering for your unfaithfulness, until the last of your bodies lies in the desert. {34} For forty years--one year for each of the forty days you explored the land-you will suffer for your sins and know what it is like to have me against you. 40 years of fiat money?
  13. Carlton

    Marc Faber’s thread

    Okay, but let's put it in the right order: Gloom, Boom, and Doom. The title is easy to remember since it goes in chronological order.
  14. Yeah, the north side of Chicago. It's a nice area, but I wish the mass transit were a bit better. Specifically, the train system needs to be denser, but at least the transport bones are there. In fact, the regional rail, METRA, is excellent, going about 60/70 miles outside the city.
  15. Carlton

    North Korea

    ^^ Yes,great photos. Pity the silly captions like: Hello! People were sending rockets into outer space in the 70s also.