Millennium Minerals, Searching for a Greater Fool

Silver COT Report

Source: Bob Moriarty for The Gold Report 05/08/2017

Precious metals expert Bob Moriarty updates investors on recent moves by Millennium Minerals in Australia and discusses recent moves in the silver COT reports.

After a record fourteen days of decline silver looks as if it’s ready for a dead cat bounce. Back in mid-March I did write about a pending correction. The open interest and speculator longs in silver futures were at record levels. Precious metals did turn about that date.

The COTs released on Friday, May 5, 2017, tell the story about who is moving the metals markets lower.

I did an interview about ten days ago where I commented on the number of speculator long positions. I said that I expected to see a decrease of 40,000 to 50,000 speculator long positions before we see a bottom in silver. Last Friday’s COT reports do a wonderful job of demonstrating just who it is that drives markets lower.

If you look at the chart above, you can see that large speculator long positions dropped by 19,480 and small speculator long positions increased by 2,187 contracts for a net decrease of 17,293 for the week ending May 2. And since we want to see just who is driving the market we look at the commercial shorts and see they closed 21,199 positions.

Now we know that all commodities are a zero sum game. That is, for every contract you have one buyer and one seller. Each person trading a contract has to either buy first and close by selling or sells first and closes by buying. There can be no “naked short sellers” since it is a zero sum game with one winner and one loser and all contracts are covered by an equal and opposite position. Anyone using the term “naked short sellers” referring to commodities is only advertising their ignorance of how the markets work.

In the week ending May 2, silver prices dropped a lot. In fact so far they have gone done 15 days in a row and went down every single day of the week the COTs cover. So if the commercial shorts were actually driving the market by closing 21,199 positions in some sort of panic, just how could they have done that?

For the shorts to close a position, they have to buy a contract back. So the commercials bought 21,199 more contracts than they sold. And the speculators sold 17,293 more contracts to close their positions than they bought. You can’t make prices go down by buying so simply and clearly it was the speculators in a panic who drove the market lower as they always do.

Without any doubt this week’s COTs will also reflect the speculators still in a panic and prices will continue to go lower until the weak hands have all sold at the bottom as they always do. The lower the speculator long positions, the safer it is to be a buyer. Speculators always buy at tops and sell at bottoms. I cover this at length in Nobody Knows Anything.

At the end of February I wrote a short piece about an Australian gold company named Millennium Minerals (MOY-ASX). Since that report, the market cap of the company dropped about 30% but lots of resources shares have dropped that much and more. The shares went down even as the price of silver and gold were increasing from the 10th of March.

The article was pretty simple and easy to understand. Through a lot of mismanagement Millennium Minerals seems to have painted themselves into a corner. For the last year they have spent all their free cash drilling out some 28 different deposits. Their largest gold resource is a transitional sulfide ore that can’t be recovered with the mill they have. They really aren’t running a mine, but an employment agency.

The company came out with a press release a week after my piece came out listing more drill results. It did nothing to increase my confidence in the company; in fact it did the opposite. When companies bury you in more or less meaningless data it been my experience that they are trying to conceal more than to reveal. It comes under the “If you can’t dazzle them with brilliance, baffle them with bullshit” rule.

Basically, Millennium has a mill designed for oxide gold. They are drilling a lot of sulfide material that can’t be recovered economically without spending $50 million or more to upgrade their mill.

I suspect large shareholders in the company are pushing management to unload the mine and mill while their shares are still in the stratosphere. The shares traded below $0.04 Aussie in December of 2015 and probably that more reasonably represents their true value than the $0.40 they reached in August of 2016. Having a tenfold increase in the share price I feel certain made major shareholders try to figure out how to unload them under the Greater Fool Theory.

I think Millennium Minerals is trying to sell the company and management has been told to spend all their free cash painting lipstick on the pig. Their latest press release dated May 4, 2017, gives me even more confidence in my belief. I have made the comment many times and in my book that when someone is trying to con you, they tell you things that are both perfectly true and perfectly meaningless at the same time.

The company claims in the release that met studies show they can recover more than 90% and some 850,000 ounces of this “fresh ore” using conventional sulfide floatation and furthermore up to 30 deposits at Nullagine are open at depth.

As to the first claim, nobody get better than 90% recovery of sulfide ores using floatation unless they roast the ore. 90% recovery would be excellent using even the most suitable oxide ore. I’m skeptical when I hear anyone claim more than 90% recovery of any ore, much less sulfide ore. Millennium is off the grid and their power costs are probably in the $0.50 a kWh range. Roasting and floatation are expensive even when power is cheap. It’s not cheap in Northern WA.

As to 30 deposits being open to depth, of course they are. The fact they are drilling 30 deposits should tell even the most ignorant of investors something important. How many other mines, not matter how large, are getting ore from 30 different holes in the ground some up to 40 km from the mill? One of the biggest costs in any open pit mine is stripping costs. And the more holes you dig for ore, the more you have to strip. If they had a low strip ratio, you can safely bet they would be bragging about it.

Millennium Minerals can only extend the life of their mine with a giant infusion of cash in the tens or hundreds of millions of dollars. They are spending all their free cash right now on generating numbers that are as meaningless at the U.S. dropping the MOAB on a hole in the ground in Afghanistan. That’s the only country in the world where bombing the place back to the stone ages improves the standard of living. They can always sell the iron from the bombs.

When you have dug yourself into a deep hole, the very best thing you can do is to stop digging.

I have no financial relationship with Millennium Minerals in any way. I am neither long nor short any shares.

Millennium Minerals
MOY-ASX $0.21 (May 05, 2017)
780.9 million shares
Millennium website

Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. The following companies mentioned in this article are advertisers on 321 Gold: None. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Chart provided by the author.

( Companies Mentioned: MOY:ASX,
)

When Will Gold Stocks Take Off?

goldeaglecoin

Source: Tom Beck for The Gold Report 05/08/2017

Gold stocks are trading at valuations not seen in decades, according to Tom Beck, senior editor of Portfolio Wealth Global. But conditions are ideal for a new gold bull.

History makes it clear that secular bull and bear cycles in gold are mostly correlated to one indicator: negative and declining real rates and real yields. That’s the key driving force.

Supply and demand for gold are unlike other commodities. The overwhelming majority of gold produced isn’t consumed; therefore, its supply keeps on growing.

That’s why investment demand is the determining factor that drives the price higher or lower.

In times of positive real interest rates, there is little incentive to hold gold, which is why it has underperformed under those circumstances.

Courtesy of Smaulgld.com

Right now, investment demand is at a 10-year low, and though we all know that central banks do not report their leasing, buying, or selling of gold—especially in China, where gold holdings are kept confidential—and although we are all aware of the London and New York paper manipulation and smashing of gold contracts, this chart at least partially shows that many gold buyers have turned into S&P 500 buyers. They couldn’t resist any more.

Inflation has cooled its progress and yields are kept low, so we are mostly in ideal conditions for a renewed bull market in gold after six brutal years. But there isn’t a green light yet.

The fact is that the 2011 bear market, which hasn’t officially finished selling out yet, is normal!

Yes, it is long, and yes, it has wiped out a ridiculous number of stocks from the exchanges, but that is the nature of gold bear markets. Rick Rule and Doug Casey, who actually experienced 40 years of these cycles themselves, state that this is the worst one yet.

barrons

So, what is missing now is the S&P 500’s well overdue correction, and even a bear market. This is the final hurdle before gold stocks make parabolic moves higher, which I believe will even shock the few investors that are actually positioned now and are suffering from temporary pains.

My Most Advanced Strategy:

More advanced traders do not only purchase shares of the highest-quality juniors on the long side anytime there’s sustained weakness. That’s an important part of the overall strategy, and it’s called Dollar-Cost Averaging.

But what truly seasoned investors do, which is my partners’ and my own strategy as well, is short the basket of juniors (GDXJ and others) on the flip side.

Gold mining stocks are trading at valuations not seen in decades. Valuations may be at levels not seen since before 1980.

In addition, the gold miners, relative to gold, have never been cheaper since at least the 1940s. Furthermore, the value of gold in the ground ticked below its 25-year low.

Gold and gold stocks are struggling now and it could continue, but they are perfectly set up for a massive move higher once the stock market peaks. Over the weeks and months ahead, I intend to accumulate shares of the best junior mining companies on weakness and short the basket (when necessary).

The massive move in precious metals during the first half of 2016 is only the warm-up of what lies ahead. We have to take advantage of the coming weakness or we risk missing the big move when it starts. Companies like this, chaired by the ultimate mining company builder, could end up cashing investors in at 1,000% gains and more.

Tom Beck is senior editor of Portfolio Wealth Global. Known as one of the first millennial millionaires in the United States, Beck is a relentless idea machine. After retiring two years ago at age 33, he’s officially come out of retirement to head up Portfolio Wealth Global. He brings a vision of setting a new record for millionaires with his seven-year plan to accelerate any subscribers’ net worth who will commit to the income lifestyle. Beck delivers new ideas on the marketplace that were once only available to the rich. Traveling the world, he’s invested in over a dozen countries, including real estate.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosures:
1) Tom Beck: I, or members of my immediate household or family, own shares of the following companies referred to in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies referred to in this article: None. My company has a financial relationship with the following companies referred to in this article: First Mining Finance Corp. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: None. Streetwise Reports does not accept stock in exchange for its services. Click here for important disclosures about sponsor’s fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Charts provided by Tom Beck

The Morgan Report’s Weekly Perspective

By David Morgan

The Morgan Report’s Weekly Perspective | http://www.themorganreport.com

The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware.

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I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite You to Join My Growing Circle of Successful Investors.

The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection.

Thus was born The Morgan Report – since then we’ve helped 11,000-plus members scattered over the globe in every continent and over 100,000+ e-newsletter subscribers have read our weekly e-newsletter — This Week’s View from The Morgan Report.

Through our publication, The Morgan Report, we provide you with ways to achieve greater financial security and wealth in all sorts of environments.

Learn more and become an insider for The Morgan Report, click link below…
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Our mission statement reads…

“To teach and empower people to understand the benefits of an honest monetary system.”

Today’s monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a country has tried to maintain this illusion (lie), failure has been the result. We invite you to learn more about what The Morgan Report can do for you. Click on the Learn More About The Morgan Report button now!
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Source:: david morgan

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Gold price in the red after centrist Macron wins French election

By analyst

By Andrew Topf

Gold is trading slightly down from its Friday spot price close of $1,227.90, as investors digest the outcome of the recently-decided French presidential election.

The French overwhelmingly rejected the prospect of a far-right leader at the helm, instead putting centrist Emmanuel Macron, the country’s youngest-ever president at 39, into the Elysee Palace. Projections from early counts on Sunday had Macron taking 65.1% of the votes to Marine Le Pen’s 34.9%.

However the Guardian noted the results showed both candidates to be deeply unpopular, with turnout the lowest in more than 40 years, almost one-third of voters choosing neither Macron nor Le Pen, 12 million abstaining and 4.2 million spoiling their ballots.

The effect on gold, which functions as a safe haven during political or economic turmoil, was predictable. After an hour of trading on Sunday, the spot price was down $1.10, or 0.09%.

While LePen campaigned to pull France out of the European monetary union and return to the franc, Macron has promised to strengthen France’s role inside the EU. His proposed reforms include a common budget for the 19 euro-zone countries, a euro-zone finance minister and a common defense force – all of which have been rejected by Germany before, according to a report in The Globe and Mail explaining what could happen after the election.

The spot price of silver on Sunday was up by 5 cents, to $16.35 an ounce, about an hour into the trading session.

The post Gold price in the red after centrist Macron wins French election appeared first on MINING.com.

…read more

Source:: Infomine

The post Gold price in the red after centrist Macron wins French election appeared first on Junior Mining Analyst.

Deal avoids strike at Collahuasi

By analyst

By Andrew Topf

A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.

Under a labour agreement reached Friday, workers in the 1,485-member union will receive no pay increase but each worker will get a one-time bonus of 11 million pesos (US$16,400), along with an interest free loan, Reuters reported.

The agreement starts in October, when the current contract expires, and will last until 2020. The mine, co-owned by Glencore (LON:GLEN) and Anglo American (LON:AAL), is the second largest copper mine in the world and one of Chile’s largest, producing 506,500 tonnes of the red metal in 2016.

The four-year deal reached in 2013 gave workers a 3.5% salary hike, a $31,900 bonus and a loan worth $6,000. Collahuasi miners staged a 24-hour walkout in 2015.

Friday’s agreement comes about six weeks after talks between striking workers at the Escondida copper mine in Chile and majority owner and operator BHP Billiton (ASX, NYSE:BHP) (LON:BLT), ended March 23 with the parties failing to reach a deal and the main union choosing to return to work.

The labour action at the world’s largest copper mine, which finished after 43 days, became the longest private-sector mining strike in Chile’s history.

The post Deal avoids strike at Collahuasi appeared first on MINING.com.

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Source:: Infomine

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Junior granted mining lease for primary scandium mine; stock rockets 15%

By analyst

By Andrew Topf

Investors in a small-cap junior focused on the mining of a lesser-known element – scandium – were rewarded on Friday after a favourable decision from the New South Wales government in Australia.

A mining lease was granted by the Minister for Resources of the State of New South Wales last Wednesday, May 3, to a subsidiary of Scandium International Mining Corp. (TSX:SCY), for the company’s Nyngan Scandium Project, located about 500 kilometres northwest of Sydney. The lease effectively means that Scandium can move forward with building the mine. Environmental consent from the NSW government was given in November 2016.

Investor reaction in Toronto was swift. Following a news release on Friday, shares in Reno-based Scandium closed at 42 cents a share – up 15.07% from the previous trading session.

“This Mining Lease grant is a major milestone in the Company’s development of the Nyngan Scandium Project. It signals the full support of state government, regulators, and the community for our endeavor, and is validation of the level and quality of work that has been committed to date. We couldn’t be more pleased with this show of support and encouragement from NSW regulators to move forward and build Nyngan into the world’s first primary scandium mine, and to do so in NSW, Australia,” said Scandium International CEO George Putnam, in a statement.

Scandium is a soft, silvery metallic element with the symbol Sc. While it is often classified among the 17 rare earth elements (REEs), scandium is not particularly rare – occurring in greater abundance than lead, mercury and precious metals. However, the element is not commonly found in concentrations over 100 parts per million, meaning that currently there are no scandium-only mines. Scandium International says it is estimated that only 15 tonnes of scandium are produced globally ever year. Prices range from $3500 to $5000 per kilogram depending on the quality.

Scandium is primarily used as an aluminum alloy, producing aluminum products that are more corrosion and heat-resistant. The use of scandium-aluminum alloys can reduce aircraft weights by 15 to 20%. The element is also a good conductor for heat and electricity, hence its use in solid oxide fuel cells, used for example in auxiliary power units in vehicles and stationary power generation.

The Nyngan Scandium Project, 80%-owned by SCY and 20% by Scandium Investments LLC, was originally explored for gold, tin and platinum group metals. But it wasn’t until 2010 that Scandium and Jervois Mining Limited, of Melbourne, agreed to develop the property into a scandium-only project. In 2014 Scandium took on a US$2.5 million loan and purchased the project from Jervois Mining.

The granting of the mining lease triggered an option for its minority partner to convert their 20% interest into SCY common shares, an offer that expires mid-June.

According to a May 2016 definitive feasibility study (DFS), the project has the potential to produce an average of 37,690 kilograms of scandium oxide per year, at grades of 98.0%-99.9%, for a 20-year minelife. The open-pit mine is expected to cost $87.1 million to build, with a payback of 3.3 years, according to the DFS.

The …read more

Source:: Infomine

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This Week on Wall Street: Disney Earnings, Puerto Rico’s Crisis and the ACA Repeal

disney-earnings-puerto-rico-aca-repeal-2

By Samuel Taube

The Affordable Care Act has proven a lot harder to repeal than President Trump or the GOP Congress thought it would be – but this past week, they finally made some headway in the House.

Whether you see the repeal measure as an abomination or a long-overdue rollback, we can all agree that it will have significant effects on healthcare stocks in the weeks ahead. As we’ll discuss below, they’re already up slightly on the news.

The same can be said of Puerto Rico’s recently declared bankruptcy. It’s the largest local government debt restructuring case in our country’s history, and municipal bond markets have already started to sink on the news.

Back on the mainland, America’s largest movie studio is due to report earnings next week. So is the world’s largest online travel agency. Let’s dive in…
Big Earnings Reports: Disney and Priceline
Disney (NYSE: DIS) is scheduled to report second quarter results Tuesday evening. Analysts are expecting earnings per share to fall slightly to $1.44. Disney has missed two of its last four EPS expectations, but an infusion of cash from Beauty and the Beast and other big releases should help it meet estimates.

Priceline Group (Nasdaq: PCLN) is also slated to announce quarterly results Tuesday. The consensus EPS estimate for Priceline this quarter is at $8.76 – a little down from last quarter. The company has beaten all four quarterly earnings estimates in the last year. Its dominance in the online travel broker industry has propelled it to great profitability in recent years.

As you can see, Disney has traded down in the lead-up to its quarterly earnings report. Priceline has done the opposite.
Washington: Repeal and Replace, Take Two
The Republican Congress’ first attempt to repeal the Affordable Care Act went nowhere – and turned into a political debacle in the process.

But last Thursday, the House of Representatives passed a bill that dismantles most of the ACA’s major provisions. The ACA repeal measure gets rid of the taxes used to fund healthcare subsidies, the individual mandate and the anti-discrimination measure for patients with pre-existing conditions.

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The bill will head to the Senate next, where it faces an uncertain fate. Many GOP senators are more ideologically moderate than President Trump or their House Freedom Caucus contemporaries. Infighting between these groups is generally seen as the main reason why the party failed to repeal the ACA on its first attempt.

The Senate has yet to commit to a timeline on passing its own version of the ACA repeal. But the market effects of this attempt have already started and should continue into next week. The iShares U.S. Healthcare Providers ETF (NYSE: IHF) rallied on the news.

While some healthcare companies, like hospitals, have benefited from Obamacare, others, like drugmakers, have suffered under the tax and regulatory burdens it introduced.
Puerto Rico: The Largest Local Government Bankruptcy in History
Puerto Rico’s finances have been in a downward spiral for years now. It defaulted on a bond payment back in 2015, after racking up more than $70 billion in public …read more

Source:: Investment You

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The Health Care System Is Completely Broken

By Charles Hugh Smith

This post The Health Care System Is Completely Broken appeared first on Daily Reckoning.

Forget ObamaCare, RyanCare, and any Future ReformCare they might come up with. It’s just shuffling the deck chairs on the Titanic.

The fact is, it’s time to start planning for what we’ll do when the current healthcare system implodes.

As with many other complex, opaque systems in the U.S., only those toiling in the murky depths of the healthcare system know just how broken the entire system is.

Only those dealing daily with the perverse incentives, the Kafkaesque procedures, the endlessly negative unintended consequences, the soul-deadening paper-shuffling, the myriad forms of fraud, the recalcitrant patients who don’t follow recommendations but demand to be magically returned to health anyway, and of course the hopelessness of the financial future of a system with runaway costs, a rapidly aging populace and profiteering cartels focused on maintaining their rackets regardless of the cost to the nation or the health of its people.

Whew, got that out all in one breath.

Ask any doctor or nurse, and you will hear first-hand how broken the system is, and how minor policy tweaks and reforms cannot possibly save the system from imploding. Based on my own first-hand experience and first-hand reports by physicians, here are a few of the hundreds of reasons why the system cannot be reformed or saved.

Say 6-year old Carlos gets a tummy-ache at school. To avoid liability, the school doesn’t allow teachers to provide any care whatsoever. The school nurse (assuming the school has one) doesn’t have the diagnostic tools on hand to absolutely rule out the possibility that Carlos has some serious condition, so the parents are called and told to take Carlos to their own doctor.

Their pediatrician is already booked, so Carlos ends up waiting in the ER (emergency room). Neither the school nurse nor the parents see the symptoms as worrisome or dangerous, but here they are in ER, where standards of care require a CT scan and bloodwork.

Hours later, Carlos is released and some entity somewhere gets an $8,000 bill — for a tummy-ache that went away on its own without any treatment at all.

Since the Kafkaesque billing system rewards quick turn-arounds, observation is frowned upon unless it can be billed. So if observation is deemed necessary (to avoid any liability, of course), Carlos might be wheeled into an “observation room” filled with other people, where a nurse pops in every once in a while. This adds $3,000 to the bill.

(Never mind the stress on Carlos being in such unfamiliar surroundings; he might have felt better if he hadn’t been subjected to the anxieties that come with being enmeshed in the healthcare system’s straight-jacket of standards of care.)

If Carlos doesn’t feel better after all this, then the bill is set to balloon bigtime because an overnight stay in the hospital is the next step — and if there isn’t a 100% certainty that there is no chance of his stomach-ache becoming something serious, then the system will …read more

Source:: Daily Reckoning feed

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