IS GOLD IN A BREAK OUT?

Once again I'm trying something new.  I began toying with recording some videos a while back and got bored with it soon but have renewed my interest.  Since this is for fun and not for profit it is what it is.  One guy's view just like the name implies.  I'm not a pro nor an expert so if you make any trading decisions based on anything I publish you are a fool and are not to hold me responsible for your irrational decisions.  Again this is NOT investment advice and you must use due diligence when making your own financial decisions.

Now that's out of the way.  I've been getting emails and calls about gold making a break out.  Some almost in a panic to "get in" but not sure.  The usual sellers of gold and gold financial products smell blood in the water and have escalated the fever.  None of this gets me too excited because nothing spectacular has occurred.  Yes gold has been in a bit of an up trend for the past couple of months and yes in the past week or so it has broken out of the sideways move of late.  It seems that about the time 3-4 days ago when it exceeded the peak from July the operators started touting all sorts of gold product and making lots of noise about the BREAKOUT.  Here I simply make some off the cuff remarks (playing with the software more than anything) about the recent move in gold price.  Enjoy and make comments is you like.

You can click on the screen below to start the video and click the square box on the lower right of the video to enlarge the screen for better viewing.  I can see the quality is not that good and I will find a better upload method to fix that sometime in the future.

Police Investigating Hate Crime After Bacon Found At S.I. Ramadan Site « CBS New York

Police Investigating Hate Crime After Bacon Found At S.I. Ramadan Site « CBS New York:

Careful where you leave a sandwich or you might be charged with a "Hate Crime"  folks we gotta just get a grip on reality.

CIVIL WAR Texas Judge thinks it's possible

Don’t think I have mentioned on this blog before but have in many other places the concern about revenue for local governments.  With the economic strife going on for the last 5+ years, the unemployment, loss of wealth due to foreclosures and small business’s contracting the States, local and county coffers are shrinking.  Unlike the Federal government these governments cannot print money and by law must balance their budgets. 

With the loss in tax revenue these local governments are and have been feeling the pinch for money.  In the several localities that I’m familiar with, local leader simply mention raising real estate taxes and the public response gets irate.  Citizens begin calling for change in leadership, cuts in large government salaries and benefits and anything that will prevent the government from putting its hand deeper into the pocket of the citizen.  It’s a though people realize their power in local government and take action against further taxation but somehow feel helpless to have any effect on the Federal side.  It’s almost like living a dual life.  One, a citizen and participant in local affairs and the other a victim or servant of a giant central government. 

It’s not easy to get locals to go along with any tax increases so, local officials have to make a case and explain to the locals why such increases are needed.  The success of this revenue gathering depends on how well the officials present their case.  If it’s not generally accepted and the boards proceed with tax increases anyway, it is likely they get voted out in the next election or at least challenged aggressively and are put through a mudslinging contest.   At the local level this can put plenty of stress on citizen leaders and divide families so the results are felt more severely on a personal level than is the case with those in Washington.  In the big league of Beltway politics all this seem to just run down the back of the politician and back into the mire to be recycled in the next election.  In other words,  those in Washington don’t pay much attention to such ire because they are separated by miles and miles and are no longer a real part of their community.  Other than a few trips back to the local office to drum up votes most of these politicians have their sights set on living the big life as a mover and shaker in Washington.   

To convince the citizens of Lubbock County, Texas Judge TomHead has taken a novel approach to convincing citizens of the need for a tax increase.  He says they need the money to prepare for civil unrest that will follow a re-election of President Obama. 

The short video is a news interview of the Judge explaining the why’s of a 1.7% tax increase for next fiscal year.   

Here's a link to an article about the same subject.

Texas official warns of Obama civil war