“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)
"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence
I remember when 420 was just a gleam in Dan's eye. Whoosh! 460.
ReplyDeleteDan,
ReplyDeleteToday is Wed, June 6 about 2:00PM. The monster raids begin, or was that just profit taking? Any ideas?
ABX CEO let go due to share price? Are the NAV's for Barrick decreasing. I understand about the stockholder return, but, did not all the miner stocks get crushed since the 1895 high?
Pretty strange raids if you ask me? A wide open war is begginning.
The fundamentals still suggest that GOLD, and the Miners are way undervalued, unless, of course the Socialist start mounting an MSM war with regards to specific miners, more taxes (exuse me-mineral depletion fees?),etc. Collision course straight ahead. What is your view Dan?