I read them every day, just don't want to clutter them up with chatter.

Ditto Brian.

Sorry, Jeff, you can't get off the hook that easy

I find them informative.

Jeff,

We read the "grind" daily, and we share the same thought as Brian. It's your view of the days market activity. To be read and take note, not to "clutter".

We marvel and appreciate your tenacity. It's a difficult task, but one fully appreciated and respected in our camp.

Thank You
Earl and Mertis

I don't want people to feel like I'm simply pandering for praise (I already do enough of THAT - lol!). Rather, I'm just looking at the ratio of "hits" versus total posts and wondering if there would be a better investment of the time/energy I'm putting into The Grind.

Let me approach this differently: is there something which people feel is "missing" from The Grind; or (alternately) would people simply like to see me "cover" the market in some significantly different format???

Thanks for all feedback...

Oh yes I do Jeff, the first thing that I do each day is check the daily grind, it gives me an handle on why gold is acting the way it is.

It's Thursday July 26th, and while we see gold and silver prices continue edging higher (on more banker mumbling about money-printing) that's NOT really the news of the day.

What was significant today came out of the mining side of the equation, where BOTH Barrick Gold and Goldcorp (two supposedly "premier" senior producers) reported terrible production numbers, and even WORSE news on the bottom-line.

I don't want to simply repeat something I just finished saying in another post, so I'll refer readers to that other entry:

"Goldcorp, Barrick Stumble on Costs and Production"
www.bullionbullscanada.com/bulletin-boar...and-production#19232

Precious metals investors saw two trends in the precious metals sector reinforced today, as both Goldcorp and Barrick reported disappointing operational results. While Goldcorp has missed significantly in its short-term production numbers, Barrick is backing-away from its long-term production goal. Meanwhile, both miners reported exploding costs – significantly reducing their profit-margins.

What we see here is exactly what I tell readers will happen every time we see the bankers making a concerted assault on either bullion prices or the precious metals miners themselves. In this case, we have the bankers making an all-out assault on both bullion and the miners – which has now lasted for nearly a year and a half...

Low prices CAUSE high prices. STOMP the miners today, and you create the "ten-baggers" of tomorrow...

It's Friday July 26th, and another week in Economic Fantasyland comes to a close.

Today the fiction-and-spin on display was U.S. GDP's numbers: the first lie for Q2 GDP, and the first "revision" for Q1 GDP.

With the first reading for Q2 coming in at a pathetic 1.5%, and with ALL U.S. economic indicators plummeting straight downward; we can expect even the OFFICIAL number for Q2 to go negative by the second revision. What this means is that retroactively the Official Liars will declare that the U.S. started a "new recession" in Q2 or Q3 of this year.

Unofficially, the U.S. Greater Depression has never ended. And as I noted on another forum post devoted exclusively to this subject, if we use REAL numbers for inflation then U.S. GDP is likely currently plummeting downward somewhere in the vicinity of -8% to -10% -- worse than the worst lows of the Great Depression.

NEXT week is another big Jobs Lie from the BLS. Even with their statisticians programmed for "maximum bullshit", I don't think there is any way they can stop THIS number from also going negative. With "job growth" OFFICIALLY ending (while unofficially there was NEVER any job gains), it now becomes impossible for the propaganda machine to continue to pretend that the U.S. economy is growing.

That won't stop these Liars from continuing to ATTEMPT to get people to believe it, but all that will do is erode their own credibility even further. Worse, it's almost politically IMPOSSIBLE to get any more "stimulus" approved AND it would take roughly three times as much money-printing to just produce the same TINY bounce that the U.S. got from roughly $1 TRILLION of "stimulus" in 2008.

The appropriate expression for the U.S. economy is "up the creek, without a paddle".



Thus it's IRRELEVANT if Bernanke and the Media Liars continue to insist there won't be (a lot) more money-printing. It's IRRELEVANT whether bullion price start moving higher over the short term.

As Jim Rogers observed a few days ago, B.S. Bernanke "only knows one thing...and that is what he is going to do." And cranking up the printing press is ROCKET FUEL for gold and silver.

Have a good weekend!

It's Monday July 30th, and a late edition of The Grind today. The official reason for the lateness is that I was waiting to see if silver could hold above $28/oz, simply because it hadn't done it in a while -- and there was absolutely NOTHING happening on the gold side today.

Of course as we all know, these minor technical barriers mean NOTHING (in either direction), so I won't even BEGIN to suggest that today's move above $28/oz has any significance as far as the actual numbers go. The only thing which IS interesting is that this is the first time in a LONG time where I can remember silver LEADING gold higher.

In other words, we've seen "rally" days in the last few months where GOLD takes off and silver may actually end up with a larger percentage gain -- but it was clearly silver which was piggybacking on gold's momentum. Today there was no momentum on the gold side, so silver's modest gain today was accomplished all on its own.

Could this be the first indication that all those hedge-fund "silver shorts" who Dan Norcini referred to are getting NERVOUS...???



It's getting to be that time of year when we might ALL want to start looking for "signals", since all indications are that "blast off" is not too far down the road.

It's Tuesday July 31st, and after a very late edition of The Grind yesterday I'm coming back with a very early edition today -- what psychiatrists would call "over-compensating" (lol).

Is there anything to talk about in this market, with metals prices still in their trading range, the 'lazy days' of summer still upon us, and nothing but the same B.S. blaring out of the media propaganda machine?

Only this: as Dan Norcini's recent comments illustrated, the "shorts" are in a rather precarious position with both silver and gold (but especially silver). This may serve to explain WHY we have not seen even more aggressive efforts to push bullion prices lower -- especially with many of the "stiffs" in the sector predicting that gold could fall to $1500 or lower.

Just like the banksters themselves like to "ambush" longs in order to drive them out of their LEVERAGED positions -- and create sudden/dramatic downward price momentum -- the same/thing can and does happen in reverse (except obviously NOT on purpose).

The banksters push prices down, and too many (amateur/greedy) short-traders jump on the bandwagon, BELIEVING all the bankster propaganda about how low bullion prices will go. Lol!! These idiot-traders get themselves ridiculously over-committed, meaning that the MOMENT the market turns higher these shorts start toppling like dominoes -- and sudden/dramatic UPWARD pressure is created on prices.

With the sector ALREADY close to a break-out (simply on the basis of the length of sideways trading), the banksters are basically FORCED to simply try to hold bullion prices steady. Allow them to rise (at all) and they will quickly spiral out of control. But even try to push prices DOWN further and the banksters could TRIGGER the very sort of massive rally they desperately want to avoid.

As I continue to remind ALL bullion-holders, we are not the ones who should be worrying at the present time...

It's Wednesday August 1st, and another early edition of The Grind. There was no point in waiting until later in the day to write this, because the propaganda machine has (kindly) provided us with their "script" for the remainder of the week's events.

First, we have been tipped-off (via the ADP jobs-report) to expect a "surprisingly/amazingly" good U.S. jobs number on Friday from the Liars at the BLS. And by "surprisingly/amazingly", I'm meaning a number that will be SLIGHTLY better than the terrible number in last month's lie.



We're also told at Basher Central that we gold-bugs are supposed to be "worried" because B.S. Bernanke -- the man Jim Rogers just told us only knows how to do one thing -- is going to tell us again that he is not printing any more money at the moment (while he SECRETLY counterfeits greenbacks by the $trillion).



And thus we have the banksters JUMPING on the market today, in order to push gold below the $1600/oz threshold, and silver below the $28/oz threshold.



However, as with EVERY bankster script which is presented to us we never know whether this is the TRUTH or just more of their disinformation. Thus we are staring at (as usual) two more-or-less opposite scenarios as we look ahead to tomorrow's "B.S." from Benjamin Shalom Bernanke; followed by Friday's lies from the BLS.

Scenario #1:

The propaganda-machine is going to try to feed us an especially absurd lie with Friday's jobs-report -- i.e. they are going to feed us a "good number" despite the fact that every sector of the U.S. economy is currently PLUMMETING lower (except housing, which was ALREADY in full-depression mode - lol).

Armed with this Big Lie, B.S. Bernanke is going to "stand firm" tomorrow with respect to any talk of money-printing, talking about the "strength" of the U.S. economy -- almost like he knew in advance what the BLS was going to say on Friday (lol).

Thus with the U.S. economy "strong", and Bernanke saying "no" to money-printing (lol); we will see the banking cabal make one, last attack on the sector; before it blasts off higher this fall. They will try to drive gold down toward/below $1500/oz, and silver toward/below $25/oz.

I consider this the less likely scenario, as trying to pass off these lies would be SO absurd that I would assess it to be too great a risk. However, I've already underestimated both the STUPIDITY of the Sheep and the AUDACITY of these Liars on more than one occasion -- and so I won't dismiss this scenario.

Scenario #2:

The B.S. today is all a big FRONT, because the banksters have already gotten the word that the BEST that the BLS can do with its jobs-lie on Friday will still be a terrible number. In that scenario, Bernanke is FORCED to start mumbling about "more money-printing" -- or look like a complete idiot to the whole world when the weakness of the U.S. economy is highlighted the next day.

Thus in this scenario, the move downward in the price of gold and silver today is ALL bluster-and-manipulation; damage-control because they know that events later in the week will IGNITE both gold and silver. I consider this to be the more likely scenario.

As I always warn/remind readers, we can NEVER know with 100% certainty whether these liars/criminals will "zig" or "zag" over the short term, which is why we don't place BETS in advance of moves in these (rigged) markets. However, there is still value in OBSERVING these events -- and analyzing them in hindsight -- in order to piece together PATTERNS in the lies and manipulation of the Cabal.





"Fed Not Likely To Announce Stimulus At FOMC Meeting; Gold Might Be Pressured"
www.kitco.com/reports/KitcoNews20120731DeC_fed_stimulus.html

"July private-sector jobs rise 163,000: ADP"
www.marketwatch.com/story/july-private-s...63000-adp-2012-08-01