Poster’s Paradise

is diluting by an additional 45 million shares right? Probably more as their shares drop in value.

Never seen dilution be a positive - just ask CDE

 Just happened to notice that WAMU is down $.97 to $3.68.

 WAMU failure coming to a theatre near you.

 Should be dollar positive.

There is no way that KGC should be down on this news. They are buying a monster mine for stock.

I think ECU will be taken, too.   Cherry assets… strangled and cheap.

So much for the helicopters in Cali… Is Cali still the USA leading edge ahead of the rest of the country? ie what happens there follows later in other states?

Schwarzenegger to Cut Most California State Workers’ Pay to Minimum Wage?

July 24th, 2008 It’s not the Onion.

Via: San Francisco Chronicle:

Gov. Arnold Schwarzenegger plans next week to slash the pay of more than 200,000 state workers to the federal minimum of $6.55 per hour to help ease the state’s budget crisis, according to a draft executive order obtained by The Chronicle on Wednesday.

The governor also will order an end to overtime pay for all but critical services, a freeze on state hiring and the immediate layoff of nearly 22,000 temporary, seasonal and student workers.

“As a result of the late state budget, there is a real and substantial risk that the state will have insufficient cash to pay for state expenditures,” the executive order states.

Schwarzenegger’s staff would neither confirm nor deny that the governor plans to issue the executive order, but sources said he could take action as early as Monday. The state, facing a projected $17.2 billion budget deficit for the fiscal year that began July 1, has not approved a budget.

“The governor is looking at a number of different options to ensure that the state does not run out of cash,” said Aaron McLear, a spokesman for the governor.

But administration officials, who asked to remain anonymous, said that about 200,000 of the state’s 245,000 workers, both hourly and salaried, will see their pay trimmed back to the federal minimum wage of $6.55 an hour, saving the state up to $1.2 billion a month. Dropping the temporary and short-time workers will save an additional $28.5 million each month.

While the layoffs could be made immediately, the pay cuts might not be completed until mid- or late August.

The proposed pay cut for hourly employees would take their wages well below the state minimum wage of $8 an hour. But a 2003 California Supreme Court decision allows the state to chop workers’ pay to the federal minimum when a state budget has not been enacted.

moral improves…

I think so too. Next up minera I bet. Nothing but good news for a yr and continuously walked down.

 If the targets don’t work the first five times just push em’ back until they do. But never, under any circumstances admit that you were wrong. LOL

  That being said the old HUI dog is getting pretty oversold here, should bounce sometime in the next 6-12 months.

  I noticed the latest housing and jobless claim data are bullish for the dollar - bearish for the only thing that matters - THE EURO.

HUI vertical — coming to screen near you soon!  Well, unless the Fed comes in and changes the timeline…blah, blah… then we’ll just move that vertical call back a week or two — PERPETUALLY! 

I think Otto is spot on.  He’s got the analysis right.  Kill the juniors, and steal ‘em cheap… stockholders be damned.  This situation will not change as long as the current financial crisis continues.  Paper is toast.

  How do you keep the HUI from ever acheiving upside targets?

  Simple, take the components out one at a time and destroy them.

  Today the targets are KGC and AEM. Previously wiped out components: CDE, GSS, GFI, HMY etc.

   Easy to control investment/performance in GDX as well.

    HUI 640? 900? 1200? yeah sure. LOL

That’s the question everyone is asking themselves.  Oil and gold just barely hanging on to unchanged at the moment.  There is little doubt in my mind that we won’t get some margin call action soon.

Go get em dude.

…TIA

Even more scary to me than what’s happening to my AEM is this
from Turk @ 321Gold…

www.321gold.com/editorials/turk/turk072408.html

Apologies if it’s already been noted.

Phone - 902-295-3007, Harvey Drive,

Sandy Campbell .. .. ” Proof Positive Coins Ltd. ”

I got some grams from him last Friday

..

…..but I guess the deal isnt 100% yet….also maybe someone else comes in and offers more…
…..so Its probably a keeper…
…..also since Kinross goes down on the aquisition that factors in too…
…..Oh the Games People Play now!

day by day re-coup and better n better. no longer term additional dammage since i’m back to my standard for the most part 1 Lpm on the o2. a great relief from some worry on the subject the end of last month on exit from the hospital. last day on the ’steroid’ pills yesterday and begone to them i say. no other meds now other than the inhalers which on monday with my doc we will see if out of 3 kinds any can be dropped. life is good on the reef.
yes in the small duck world in which i reside the seattle operation cooks as well as other affiliated operations of my friends in branson and atlanta. here is a link to ducks and mother company. the ducks will once again ’steam’ the streets and harbor of key west most likely next year since we should be finished up on the litigation and collection by the end of this year. wj
www.ridetheducks.com/
www.hfecorp.com/

This is a forced reaction because when the euro hit $1.5980 the panic alarm sounded in the dollar vs. euro relationship. A freefall was destined to occur.

Crude to gold works only via its impact on the dollar vs. euro action

Its should trade up to its $8.20 stock swap price and stay near there until the takeover shouldn’t it??

I only own it through a mutual fund, John Embry’s (Sprott PM Fund) biggest holding.

Winedoc

AEM and into NEM. It’s about time. AEM’s valuation has been stupid for over a year.

yep comic book stuff.. but really heavy reading for some lol

maybe it takes some real lifes experience’s in the foxholes to appreciate ;;

and are you feeling some what better on the reef.

this summer the duck boats in seattle are running overtime .. it takes a day to get a reservation on one of their 6 or 7 or 8.. boats with tires … what recession

quack

Kinross taking over Aurillian…..LOOK ar Aurillian go…..(how much is an Aurilion anyhow….more than a Billion ?)

….wow its up 63% today….to 7.29….looks great BUT….it was a 10 dollar stock recently…then as we see now SMACKED down to 3 and 4 bucks…just churning around untill this……

….I am really excited to see this takeover…as it will start to stimulate the juniors…but..PUKE..its sooooo obvious the Majors and their cohorts have been behind this Junior Depression for so long now….

…I own some Kinross….its one of my only majors…and I like it….but look at it tooo…19 bucks down from 27 recently….Oh the games people Play now !

 He has more than one idea in his head.

 Can find no fault with his logic .

I continue to look forward to his thoughts and ideas.