Several things to go over this morning:

First off is the condition of Gold. As I told you, we are (IMHO) in immediate danger between now and March 1 of seeing gold break below the $1,000 level.

Before that can happen, though, we will first break the $1,100 handle and that could happen before year-end.

To be sure, there has been a lot of turmoil in places like India, but one must remember that accounts of “foreign gold prices soaring” must be adjusted to their dollar-denominated behaviors. When this is factored, the movement in foreign markets is hardly alarming.

Secondly is the newsletter publishers who have been shamelessly promoting a Gold rally based on a “major decision that will impact Muslim’s ability to own gold” that takes place January 1.

While this may sell a lot of newsletter subscriptions, our view is a bit more methodical. First is that long-term gold ownership is simply a rational buy-sell investment over the longer term that doesn’t seem to violate the Sharia ban on Interest. So any changes are hardly new/earth-shaking/or ground-changing.

Thirdly, IF THERE WERE a huge rally in gold around the corner, the market would have already begun to price in such an advance.

Since we were under the $1,130 handle when I looked earlier, it seems to me that the odds of a massive gold rally, while not totally impossible, are (how should we say this?) mighty damn low.

A few facts of interest, since I have been invited to appear on Coast-to-Coast AM with George Noory on Boxing Day:

First is that when we look at precious metals, we need to make a full-stop at the end of that sentence and ask “So what is it that make Gold precious?”

From my notes to the Other George:

“We know from Colloidal silver research – how silver kills certain pathogens, not to mention keeping milk fresh – so would qualify it as “precious” particularly in ancient times when disease didn’t have antibiotics or targeted anti-parasitics and such. Oh, and no refrigeration.

“Precious” Gold is more difficult. Yes, it is malleable, durable, divisible, and all those coinage-related terms, but when we look at what ancient practical applications might have been, how does gold really stack up?

Silver and copper both are electrically more conductive so ancient wiring is out.

Gold’s melting point is (1,948°F) is almost 200 degrees higher than silver (1,763°F) so we can take ease of melting off the table. Copper’s melting point is 1,984°F so about 40-degrees hotter than gold to work. Copper can be worked to be harder (alloying) than gold so why the fascination? Other than the rarium and unobtainium.

Except for the high Gold recycling rate, silver in many ways is superior to gold except that silver does tarnish, although the oxidate is still conductive.”

From here we can launch into the annual production and consumption figures, but you see my point?

When there is a major metals move on the horizon much will likely be foretold from a comparative study of the pricing of Gold-to-Silver. That ratio, based on the chart numbers this morning, is about 72:1.

According to

“In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803.”

Believe me, I am not an investment genius: I just happen to be your typical, curious, MBA-packing wanker with a calculator.

If we applied the old historical ratio, we could make a case for Gold to drop to as low as $243.82. OR applying the price ratio against Gold, we could see silver shoot up to $72.903 per ounce.

Neither, of course, will happen. Most likely is the scenario where silver (due to industrial demand) continues to hold slightly better relative strength than gold. But overall, a handle under $1,000 certainly seems more likely than $2,000 in the foreseeable future.

(To us, with no warranties and this is not trading advice, yada, yada…You plays your money and takes YOUR chances…).

This gets us on to the next point: Where will the market head today?

I continue to believe that we should see some unloading of stocks for year-end tax-selling, but it may not be a playable event.

Trump’s Last Lap

The decision of the Electoral College means that the (weak/lame) attempt to scuttle the Trumpedency has failed hugely. And, as a result, the MainStreamMedia should begin an obvious change of course to begin great sucking noises toward his incoming administration. The MSM has much to apologize for and little time to do it.

We notice the lack of favored democratic issues in this morning’s NY Times front page, left column. Instead, they seem to have buried the hatchet, except to say that the Trump Treasury pick moves in “Secretive Hedge Fund Circles.”

It’s here a good sense of linguistics pays off. While a NY journo may think of such “circles” as secretive, I would propose that if you had personal wealth in the half-billion and up range, they would hardly be “secretive.” Rather, you’d quickly find yourself “in the club.” It may seem like a secretive thing, but it strikes me more likely that it’s a cash balance circle.

This is not to suggest that the NY Times and the other “big national media” have totally reformed; I notice the NY Times is fishing for news tips on page 1.

BTW: If you send them anything horribly scandalous, please use our news tip link above.

Murder and Germany’s Collapsing Immigration Mess

While Donald Trump was busy on the US campaign trail earlier this year, with talk of closing the border with Mexico except for legit checkpoints, we warned you that Europe was insane in allowing the huge influx of (largely unvetted) refugees from the Middle East.

To be sure, there were sound economic reasons to open the floodgates, just as there were/are here: Cheap labor, a kind of push-button economic stimulus, and all that, sure.

But we warned of the social costs – those bills which would come later and would make Liberals rue the day they stopped having borders.

We, the costs are now going up. This as an attack by a 23-year old Pakistani refugee who went on a truck-killing spread in Berlin has resulted in 12 dead and many more injured.

It was certainly not popular when we were talking about the “cause and effect” nature of open borders, but this will likely only be a pit stop on the highway to the disintegration of Europe, led by the bureaucratic Brussels sprouts who should learn to read data and consider alternative futures, rather than engage in masturbatory policies.

We look at the massive refugee camp, once Templehof airport, and wonder if that might not be what all those FEMA camps were for here in the USA? Will they remain unused due to the change of national direction due under Trump? All in the fullness of time, I suppose.

The “Archduke” of Turkey?

We are blessed with some really smart readers and one of them wonders if the assassination of the Russian Ambassador to Turkey might be similar to the assassination of Archduke Ferdinand that set off World War I?

There is a very good, though short, Wikipedia description of what happened that June day in 1914:

“On Sunday, 28 June 1914, at about 10:45 am, Franz Ferdinand and his wife were killed in Sarajevo, the capital of the Austro-Hungarian province of Bosnia and Herzegovina, by Gavrilo Princip, 19 at the time, a member of Young Bosnia and one of a group of assassins organized and armed by the Black Hand.[4] The event led to a chain of events that eventually triggered World War I.

Earlier in the day, the couple had been attacked by Nedeljko ?abrinovi?, who had thrown a grenade at their car. However, the bomb detonated behind them, hurting the occupants in the following car. On arriving at the Governor’s residence, Franz angrily shouted, “So this is how you welcome your guests — with bombs?!”[32]

After a short rest at the Governor’s residence, the royal couple insisted on seeing all those who had been injured by the bomb at the local hospital. However, no one told the drivers that the itinerary had been changed. When the error was discovered, the drivers had to turn around. As the cars backed down the street and onto a side street, the line of cars stalled. At this same time, Princip was sitting at a cafe across the street. He instantly seized his opportunity and walked across the street and shot the royal couple…”

By the way, we encourage you to pop $20 from your gifting in Wikipedia’s direction –[ they perform a marvelous service as a place to go fishing for context. Not perfect, but check the mirror…

With their description, the reports that the assassin in Turkey (reportedly a police officer) leaned over the body and said “This is for the people of Aleppo” could be seen as rhyming, somewhat.

What’s going on?

Looking at a map offers some clues: This is likely yet-another result of the US State Department neocon effort to destabilize and press Ukraine into the European Union. Ukraine is directly north of Turkey (*across the Black Sea) while Syria is directly south.

Already, the Russia media (Pravda) reports here that Ukraine is praising the assassin:

Unaffiliated deputy of the Verkhovna Rada of Ukraine Vladimir Parasyuk believes that the killer of Russian Ambassador Andrei Karlov in Ankara committed a heroic act.”When a person is ready to sacrifice his life, go to extremes for an idea, for truth, then one can say with confidence that this person is a HERO!” Parasyuk wrote on Facebook, posting the photo of the armed gunman, who killed the Russian ambassador by shooting him in the back. “

Whether these is direct linkage between the assassination and the terrorism events in Berlin or a second Russian diplomat’s death in Moscow, is difficult to tell.

Likely, Russia will respond forcefully once the trigger for the killing has been more thoroughly assessed.

We have our suspicions; could this be the death throes of the neocons?

Global Warming

Sorry, I know full well its climate change for those who are easily programmed by the globalist’s governments.

Still, we need to report that it has snowed in the Sahara Desert for the first time in 37-years.

However yes, climate has been changing for millions of years, so if someone wants to open your wallet “for climate change” smile, nod, and tell ‘em to piss off.

China’s Peace Offering?

China returns unmanned underwater drone to Navy, Pentagon says.

(Available at Toys-R-Us stores next Christmas?)

Only in ‘Merika

And last, if you had any question in your mind as to whether we have lost our fricking minds as a Nation:

Pagan priest granted right to wear horns in Maine driver’s license photo.

Thanks to Maine, we can skip the humbug and get right to the “Bah….bah…..bah….”