- While you are all worried about a day or two correction --
MichaelH, 09:30:16 12/02/09 Wed
This whole thing is about abandoning the alternative... paper or electronic dollars. Got good reasons why the dollar managers are now handling things well?
[Edit]
- mudturtle @2:51 -- philbond007, 09:28:30 12/02/09 Wed
With respect, nobody's "disarmed" in Iraq, this is definitely not the case, regardless of what you're readinig.
Anyway, my thoughts on the President's speech is quite simple, it's an escalation, because there's simply no way of withdrawing "combat" brigades in Iraq next year, like the President stated, let alone a "complete" withdrawal by 2011. Now factor in what's going on in Pakistan, and it seems to me, in the not too distant future, we'll be throwing even more troops in the area. Personally, I don't believe Iran's the target of any kind of strike, but should this nonsense actually occur, it would imply even more troops in the area.
All I gathered from the President's speech is we're going to be shipping troops out for the foreseeable future.
[Edit]
- grandich likes silver -- mugwump, 09:24:25 12/02/09 Wed
http://seekingalpha.com/article/176126-it-s-silver-s-turn-to-shine-peter-grandich?source=yahoo
[Edit]
- yes philbond007 -- Kitcotodd, 09:22:38 12/02/09 Wed
add to that index doubletops.
just a wall of worry?
[Edit]
- gg sells interest in project -- mugwump, 09:20:50 12/02/09 Wed
http://finance.yahoo.com/news/Goldcorp-Announces-Agreement-iw-426972698.html?x=0&.v=1
[Edit]
- Kitcotodd: I just noticed Norcini's latest big chart -- philbond007, 09:15:56 12/02/09 Wed
Go figure, resistance is around this level:
http://jsmineset.com/wp-content/uploads/2009/12/ChartDec1-09.pdf
[Edit]
- kattar -- mugwump, 09:14:26 12/02/09 Wed
Mr. Kattar: The interesting thing about gold is that it has been in a bull market for nine years but has been consolidating sideways for the past year and a half. It recently broke out of that consolidation pattern and crashed through the $1,000 barrier. There were some headlines about it at the time, but the interesting thing is despite the fact that gold has been up each of the past nine years, has had this massive consolidation and has recently overcome major resistance, nobody is very bullish about gold. Even the gold bulls seem to have their doubts or at least are expecting a correction. So this is all very bullish.
We think gold is headed much higher and are viewing the old $1,000 ceiling as a new floor. We have a 12-month target of $1,300 and think gold will double over the next four or five years. Our major holdings include Newmont Mining (NEM) and the gold ETF.
We also like silver quite a bit, although we don't currently have any direct exposure to silver. Silver is cheap relative to gold, benefits from the same positive factors that are affecting gold. But in addition, it is economically sensitive and so will benefit as the global economy continues to recover. We actually slightly prefer silver to gold at current prices, although we like them both.
The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 55 page special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
For Information on subscribing to The Wall Street Transcript, please call 800/246-7673
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[Edit]
- 150% increase in gold forecast- wall st transcript -- mugwump, 09:12:41 12/02/09 Wed
http://finance.yahoo.com/news/150-Increase-In-Gold-Prices-twst-4281990187.html?x=0&.v=1
[Edit]
- what's going on in china? well, here's a clue -- mugwump, 09:07:22 12/02/09 Wed
http://translate.googleusercontent.com/translate_c?hl=en&sl=zh-CN&u=http://www.cngold.org.cn/c/cn/news/2009-11/18/news_3196.html&prev=/search%3Fq%3DChina%2BGold%2BAssociation%26hl%3Den%26rlz%3D1C1GGLS_enUS352US352&rurl=translate.google.com&usg=ALkJrhh2hTIHrz1Wkx_o_GPG8E_OJEc2ig
[Edit]
- folks - today = exhaustion gaps -- Kitcotodd, 08:57:31 12/02/09 Wed
just asking???
[Edit]
- global gold bull -- mugwump, 08:57:08 12/02/09 Wed
http://news.goldseek.com/GoldSeek/1259737440.php
[Edit]
- philbond007, 08:48:03 12/02/09 Wed -- Kitcotodd, 08:55:25 12/02/09 Wed
good post and analysis........
[Edit]
- will gg bust thru $50 today?? -- mugwump, 08:54:43 12/02/09 Wed
http://stockcharts.com/h-sc/ui?s=GG&p=W&yr=3&mn=0&dy=0&id=p64359491184
[Edit]
- morbius -- mugwump, 08:50:52 12/02/09 Wed
hey- i'm in the central time zone- why?
[Edit]
- Spot: weekly -- philbond007, 08:48:03 12/02/09 Wed
Price is now approaching "parallel" resistance on the weekly, which is about $35-ish higher than today's high so far. I'm sure everyone's already aware of the ("Bullish H&S"/"Cup-n-handle"), whichever suites you, pointed out by many, with approximately $325 worth of potential from the $1,025 level. Gold's now completed almost 61.8% of that potential, so it's no surprise we're reading lots of caution from TA types.
It wouldn't be surprising for some kind of bullish "halfway" pattern to start developing around this area. In other words, some kind of consolidation before screaming higher to the $1340-ish level. Unfortunately, I don't have a crystal ball, and TA doesn't tell me anything more than what I've just posted.
That's my take:
[Edit]
- @Qualifications to post - Forthecraic -- Smythe, 08:47:08 12/02/09 Wed
"only if you hit a triple in the last year"
To hit a triple you would have had to be about all in(bet the farm) the HUI at the bottom last year. No hedging. That would have been piss-poor risk management. Individual picks are an even worse lottery. Eg. see KGC and numerous others.
The guys who were all in at the bottom in 1929 got creamed for the next 4 years and broke even in around 1953. They were loosers. The fundamentalist who KNOWS where the market is going for sure (ha!), does not manage risk, does not hedge, he sees EVERY dip as a buy opp on the way to guaranteed nirvana. When he is correct he looks like a star, when wrong he is on skid-row and you never hear from him again. The risk manager never knows FOR SURE where we are going, so he never bets the farm, he hedges, and so does not ever go broke, but he also does not hit the big "bet-the-farm" homers.
For sure, the fundamentalist who ALWAYS swings for the fences, and who ALWAYS definitely knows where we are going, will ALWAYS eventually go broke. If he lives long enough LOL ! FWIW
[Edit]
- Rick Santelli says gold is supressed -- Skinee, 08:41:00 12/02/09 Wed
So what is the matter with that.
Gata and goldbugs have been saying it for years.
Manipulation, suppression no difference.
Why would any sane person invest in a manipulated product?
It will be manipulated down before long.
[Edit]
- APOLLO -- Frustrated, 08:40:19 12/02/09 Wed
take a look at the Jan options for HL and CDE...kinda strange
[Edit]
- Rick -- Skinee, 08:38:33 12/02/09 Wed
[Edit]
- Good to see you post Frustrated -- APOLLO, 08:26:18 12/02/09 Wed
x
[Edit]
- If Scary Gary Feels Good, Should We Be Scared? -- Submariner, 08:25:59 12/02/09 Wed
Time publishes a pro-gold piece:
http://www.time.com/time/printout/0,8816,1942958,00.html
He writes:
"Central banks buy gold. They do not buy silver. This has placed a floor under gold.
An article like this is a trial balloon. It tests the opinion of the readers. The readers are middle class and maybe upper middle class.
I think this balloon will fly.
We are at the beginning of a log change of opinion. This is a white flag in the Establishment's war on gold. It is a temporary truce. The war is not over. But the defenders of fiat money have begun to move into defensive mode.
I have waited to see this since 1963. It sure feels good."
http://www.garynorth.com/members/5763.cfm
[Edit]
- Getting to the bottom of Comex ETF gold delivery -- 2bro2b, 08:12:30 12/02/09 Wed
http://ftalphaville.ft.com/blog/2009/09/24/73781/getting-to-the-bottom-of-comex-etf-gold-delivery/?source=rss
http://goldchat.blogspot.com/2009/09/no-massive-institutional-gold-market.html
[Edit]
- This Guy's got it right, a Veteran -- crazytimes, 08:01:39 12/02/09 Wed
And soon Tens of Millions more will come to understand it also. A great tipping point is about to occur. The LIES have been blown up to the point of popping like a balloon.
Has The USA Forgotten Peace
By Gordon Duff
December 01, 2009 "Veterans Today" -- Tonight, I will listen to the President tell me that it will take years to withdraw from Afghanistan. He will, out of political necessity tell a series of lies. He will lie by omission, failing to tell people that this war, our "good war" was, when the facts are examined, a farce. There has not been a credible word from Osama bin Laden since December, 2001, when his death was announced in the Islamic press. What other reason did we have to occupy Afghanistan and lead it into total ruin?
The President will also lie because he has been lied to. He will present solutions, solutions sending troops into harms way, troops meant to build a government and country that force of arms can only destroy.
Years of propaganda and war mongering has made it impossible for any honest dialog about war. Years of lying, lying for politics, lying for profit, lying in support of treasonous foreign interests has left us with nothing to build on. No honest voice is left, just screaming liars paid by thieves claiming to represent the right or the left.
Neither really exist. If it talks, if it squawks, it is paid off by someone and is probably lying. Our government has their own business, getting elected, taking care of rich constituents and making sure war profiteers keep raking it in.
Without a voice of opposition from the people, as there is certainly no opposition in Washington, especially since the GOP is tied to the apron strings of the insurance industry and big oil and has no time for simple people, there will be no voice to scream "STOP."
Yes, support the troops. Bring them home to their families, let the villagers in Afghanistan continue whatever they have been doing for 300 years and stay out of it. We have managed to build a massive economy around playing at war. How many lobbyists does it require to hold a village in Afghanistan?
How many Predator drones does it require to find a bed for a homeless veteran?
How many mercenaries does it take to teach an amputee how to walk?
How many intelligence analysts does it take to figure out that if you keep doing the same thing over and over and it doesn't work, but you keep doing the same thing anyway, it is a sign you are nuts?
How long is it going to take us to realize that NOBODY is on our side. We think we are the new Roman empire, the policeman of the world. America isn't Caesar's Rome, not even the Rome of Augustus. We are the Rome of Nero and Caligula, a society steeped in corruption, excess and debauchery. How many Americans think of Washington DC as a center of culture and stability?
Does anyone even think America has a policy or government? Are we a country or simply a group of people ruled by a government owned and operated by special interest groups who dip into our treasury at will, send our kids off to war for amusement serve the agendas of "flavor of the month" allies, often brutal dictatorships disguised as enlightened democracies.
Over 40 years ago, America began to awaken to the fact that the war in Vietnam was a senseless slaughter having nothing to do with American values or security. President Obama is the 3rd president in my lifetime elected based on his promise to end a war.
In 1952, Eisenhower promised peace in Korea. We still have troops there nearly 6 decades later and wait daily for war to break out again.
In 1968, Nixon promised a "secret plan" to end the war in Vietnam. His plan, fight for 4 more years, killing 20,000 more Americans, then abandon most of our POWs and give Vietnam to the communists.
Tonite we hear another secret plan to end a war. Will we hear the truth? Not hardly!
"8 years ago we invaded Afghanistan and a short time later, Iraq, to punish a small group of murderers that killed 3000 Americans. As time has gone on, we now know that much of what we believed about those attacks is false. Evidence now points, not only to terror groups, but to countries we thought to be friends and there is even evidence of complicity here at home.
After years of phony intelligence, propaganda campaigns and torturing false confessions out of detainees, nothing can be trusted.
Donald Rumsfeld tells it best. He went before the 9/11 Commission stating there was never any indication that terror attacks of the kind seen on 9/11 were possible nor did he receive any warning. We now know that nearly every word he and so many others told that commission were lies, unquestionable, proven and done with remorseless cynicism.
8 years, the illegal invasion of Iraq, the engineering of an economic collapse in America, the corruption of our laws, of our national honor and our moral standing make it impossible for me to continue the war in Afghanistan.
No more Americans will die because of the criminality of a few. Are the few foreign terrorists or Americans, politicians, lobbyists, industrialist, bankers and their good friends overseas in Saudi Arabia or maybe Israel.
How can we order the deaths of thousands of Americans when the real "evil doers" at home run free? We know their names, we know their crimes. How can we bring justice and democracy to others when we, ourselves, have none?
Nearly 10,000 Americans are dead, tens of thousands wounded and trillions of dollars are missing. There is much more proof that these deaths and this massive theft was caused by a domestic conspiracy than any foreign intrigue.
First, we clean our own home, then we carry democracy to others."
Will we hear this tonight?
Veterans Today Senior Editor Gordon Duff is a Marine combat veteran and regular contributor on political and social issues.
[Edit]
- Wall Street's great escapers -- doran, 07:58:00 12/02/09 Wed
Our nation should face up to a number of well-constructed myths before inequities and divisions between ordinary taxpayers and Wall Street titans unfolds into a calamity that endangers the future of the nation:
http://www.atimes.com/atimes/Global_Economy/KL03Dj01.html
[Edit]
- Mudturtle - thanks for the M-Stew update -- APOLLO, 07:54:56 12/02/09 Wed
no, I did not sell yesterday on the HL+C - but obviously, many sold the news on the dividend - which is not a bad move given this run & a good part of the catch-up is priced in. I am resolved to 2/15. Hopefully, that works out. The stuff in my IRA, I just might keep for a longer period of time & enjoy the div.
[Edit]
- DERIVATIVE REFORM, Part 1 The folly of deregulation -- doran, 07:54:12 12/02/09 Wed
A United States congressional hearing on reform of the over-the-counter derivative market would do well to recall that derivatives are not in themselves weapons of mass destruction, even though their presence is found suspiciously close to the wrecked heart of most recent financial meltdowns. - Henry C K Liu
http://www.atimes.com/atimes/Global_Economy/KL03Dj02.html
[Edit]
- @'da scene -- Eldorado, 07:50:07 12/02/09 Wed
"Is The Comex The Next Madoff Disaster?
Byline: Has fund manager John Paulson brought a butter knife to an automatic weapon fight?
To start, wouldn't it be ironic if now-famous hedge fund manager John Paulson, who made billions betting against the real estate using derivatives, gave most of those profits back if I'm right about GLD and GLD implodes like Enron? Judging from Paulson's investment activity in the gold market, he has entered his "horse" into a lucrative race, only his horse is crippled. His stock picks are pathetic and his choice of using GLD as a proxy for physical gold speaks volumns about his lack of understanding of the precious metals market. I will circle back around to this after I address the accelerating train wreck at the Comex.
My colleague "Jesse" of Jesse's Cafe Americain has posted a must-read piece about how the Comex now permits gold/silver contracts to be settled using ETF's, like GLD, IAU and SLV. Those of us who have been watching the Comex for many years have wondered with bewilderment, albeit horrified amazement, as the Comex and its regulators have allowed the short positions controlled by the big banks like JPM and Goldman to build up way beyond the ability of the Comex to settle those contracts with gold and silver, should there come a time when those holding those contracts from the long side decide to stand for actual delivery. This is the definition of a Ponzi scheme. Keep issuing paper claims and hoping that those claims either expire worthless or enough of the holders do not ask for actual settlement, which has been the case all along. But what if....?"
The rest at: http://truthingold.blogspot.com/2009/12/is-comex-next-madoff-disaster.html
[Edit]
- @'da scene -- Eldorado (), 07:36:48 12/02/09 Wed
.
Last edited by author: Wed December 02, 2009 07:42:54
Edited 1 time.
[Edit]
- @'da scene -- Eldorado, 07:38:13 12/02/09 Wed
mudturtle -- Re: "Gold, the Comex and Exchange For Physical"
; I.E. GLD contracts or cash for settlement.
Heh heh, when yer out of the physical, what else can be done but for closing up 'da casino?
Its now like accepting casino chips for casino chips.
[Edit]
- CDE...more shares, less debt...$21.66/sh -- Frustrated, 07:34:40 12/02/09 Wed
$30,186,000 /1,393,202 = 21.67
Pursuant to privately negotiated agreements dated December 1, 2009, Coeur d’Alene Mines Corporation (the “Company”) agreed to exchange $30,186,000 aggregate principal amount of its 1.25% Convertible Senior Notes due 2024 for 1,393,202 shares (the “Shares”) of its common stock, par value $0.01. The Company expects to issue the Shares on or about December 3, 2009, and it will issue the Shares pursuant to the exemption from the registration requirements afforded by Section 3(a)(9) of the Securities Act of 1933, as amended.
[Edit]
- mugwump...........your gold call......yes, and when POG surpasses $2600 -- AZAU, 06:54:38 12/02/09 Wed
and then on to 5000, there won't be an ounce to be found.
funny how that woiks.
[Edit]
- faloffal -- Raja, 06:14:43 12/02/09 Wed
I am sorry about your loss of job. I hope you find one very soon. And yes, my engineering education during what turned out to be my impressionable years (21-29) were spent in Scotland.
[Edit]
- mugwump - What time zone you in? -- morbius, 06:06:42 12/02/09 Wed
.
[Edit]
- vietnam lite -- mugwump, 05:56:42 12/02/09 Wed
http://www.atimes.com/atimes/South_Asia/KL03Df04.html
[Edit]
- fools at the white house ignore climategate -- mugwump, 05:53:18 12/02/09 Wed
http://www.investorvillage.com/smbd.asp?mb=2234&mn=241308&pt=msg&mid=8249757
[Edit]
- natural gas shortage hits china -- mugwump, 05:43:33 12/02/09 Wed
http://www.energytribune.com/articles.cfm?aid=2634
[Edit]
- update on the joe six pack factor -- mugwump, 05:36:58 12/02/09 Wed
well, it finally happened- one of my joe six pack friends sent me a congratulatory email about my gold call- he didn't buy any mind you, he just was thinking that i got lucky for some obscure reason
so the six pack boys are watching gold in a peripheral manner but none is buying yet and none are asking me for recommendations-lol!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[Edit]
- the dollar momentum -- mugwump, 05:32:33 12/02/09 Wed
yeah it's still downward bucko
http://www.safehaven.com/images/devincentis/15168_d.png
[Edit]
- trx gets mine approval- now the only question is -- mugwump, 05:30:30 12/02/09 Wed
when will gg buy them out??
http://biz.yahoo.com/iw/091201/0564573.html?.v=1
[Edit]
- bernanke pleads for his job and that fool obama will let him have it -- mugwump, 05:26:23 12/02/09 Wed
http://seekingalpha.com/article/176044-ben-bernanke-pleads-for-his-job-my-response-to-bernanke?source=yahoo
[Edit]
- siempre- Thanks -- Glyndwr, 05:25:38 12/02/09 Wed
[Edit]
- ho hum- another record for pog -- mugwump, 05:24:29 12/02/09 Wed
http://finance.yahoo.com/news/Gold-hits-record-high-as-rb-877219636.html?x=0&.v=1
[Edit]
- siempre re: those stocks you like -- mugwump, 05:22:46 12/02/09 Wed
i got'em
[Edit]
- mugwump likes AZK.... -- siempre33, 05:16:35 12/02/09 Wed
hey mugwump!
you should also like MMG....
it has kicked ass recently..
AND
I'm looking for a breakout for AGT
AND
I got the breakout I was looking for in AAU...
take a look at the 1 yr. chart comparison
for a surprise...
"these are a few of my favorite things"
http://ca.finance.yahoo.com/q/bc?s=AZK&t=6m&l=on&z=m&q=l&c=MMG,AGT,AAU
[Edit]
- Santelli :: CBs are suppressing Gold -- siempre33, 05:04:52 12/02/09 Wed
actually that was first reported here by MoreGold
by way of GATA....
http://www.voy.com/64855/1254440506.html
[Edit]
- Glyndwr -- siempre33, 04:58:15 12/02/09 Wed
someone who apparently watches CNBC faithfully
reported the Liesman quote to me, and also the Santelli
quote...."the dollar refunding" has been rumored and
talked about in private, but esp. by Christopher Story
on his public forum....
[Edit]
- I reckon Semafo's a $10 stock -- Iainmac, 04:40:26 12/02/09 Wed
Pity poor Skinnee with his RIMM....
[Edit]
- this sez it all -- mugwump, 04:39:32 12/02/09 Wed
A team of experts from Beijing and Shanghai set up a task force last year to study the issue of gold reserves, Ji Xiaonan, chairman of a supervisory board for big state-owned companies under China's state assets commission, was quoted as saying.
"We suggested that China's gold reserves should reach 6,000 tonnes in the next 3 to 5 years and perhaps 10,000 tonnes in 8 to 10 years," the China Youth Daily on Monday quoted him as saying. [ID:nPEK200596]
[Edit]
- yeah iainmac- when roan wakes up and buys semafo back -- mugwump, 04:38:06 12/02/09 Wed
( it's the nervous nellie syndrome) i expect smf will shoot over $5- lol!!!!!!!!!!!!!!
[Edit]
- china's appetite for gold will dominate -- mugwump, 04:36:21 12/02/09 Wed
http://www.reuters.com/article/marketsNews/idAFT887020091202?rpc=44
[Edit]
- EUR is basically where it was yesterday at this time -- Glyndwr, 04:35:53 12/02/09 Wed
Whilst Glod's added $20.
[Edit]
- Yeah mugwump -- Iainmac, 04:34:01 12/02/09 Wed
Got my Semafo at $1.07 cos ROAN tole me to...
[Edit]
- remember the good old days when semafo was a lousy $1 -- mugwump, 04:33:11 12/02/09 Wed
http://finance.yahoo.com/q/bc?s=SMF.TO
[Edit]
- Got some more SGX last week below $8 -- Iainmac, 04:33:04 12/02/09 Wed
cos mugwump tole me to
[Edit]
- glyndwr- parabolic moves don't wait -- mugwump, -- Glyndwr, 04:31:46 12/02/09 Wed
I'd just like to see it start from a higher base is all and not 'shoot its bolt' too quickly, though I can't really envision the Bull ending anytime soon.
[Edit]
- azk doing a-ok- i love this stock -- mugwump, 04:30:15 12/02/09 Wed
http://www.resourceinvestor.com/News/2009/12/Pages/Aurizon-intersects-125-grams-of-gold-per-tonne-over-11-metres-at-Casa-Berardi.aspx
[Edit]
- the vet re: goz -- mugwump, 04:28:26 12/02/09 Wed
i've seen this over and over with juniors
they sit and sit and after you've dumped them, they suddenly explode-lol!!
so, i just buy and forget until siempre wakes me up telling me my stock has tripled or something
[Edit]
- siempre33 If you're around.. -- Glyndwr, 04:27:57 12/02/09 Wed
You posted a bit arcanely about Liesman's Dolla comment, that it would be made to rise in a 'special way' or somesuch.
That was a day or two before the Dubai news broke. Just curious where you'd heard that.
[Edit]
- obama's afghan wavering was costly -- mugwump, 04:25:48 12/02/09 Wed
he's beginning to look like a one term experiment
http://www.usnews.com/blogs/peter-roff/2009/12/01/plummeting-polls-show-the-cost-of-obamas-afghanistan-dithering.html
[Edit]
- mugwump - GOZ is a real mystery to me.. -- The_Vet (), 04:24:26 12/02/09 Wed
I've got a boatload of GOZ and have traded in and out a bit in the past, but I've never seen it sit like it has over the past few weeks. It looks like there is a big seller sitting on the 50 cent ask, and no buyers prepared to step up. Considering that they have no debt and the rather small float, the lack of interest in a producer with gold at current prices is inexplicable.
Last edited by author: Wed December 02, 2009 04:24:47
Edited 1 time.
[Edit]
- glyndwr- parabolic moves don't wait -- mugwump, 04:22:26 12/02/09 Wed
you're either on board or gnashing your teeth
[Edit]
- nogtans - Freshlyground -- Glyndwr, 04:22:09 12/02/09 Wed
Great stuff. What a voice too. On my Christmas list.
[Edit]
- sino busts thru $8- i shoulda bought more -- mugwump, 04:20:59 12/02/09 Wed
http://finance.yahoo.com/q?s=SGX.AX
[Edit]
- I really kinda hope we pause here.. -- Glyndwr, 04:20:16 12/02/09 Wed
Bit of a pullback, bit of consolidation. I'd hate to think this continues parabolically; it just seems too early.
[Edit]
- WileE's favorite stock up 74% this year -- mugwump, 04:19:26 12/02/09 Wed
the guy is making money hand over fist
http://finance.yahoo.com/q/bc?s=AUY
[Edit]
- coral calcium just bought 20,000 shares of this -- mugwump, 04:17:32 12/02/09 Wed
he's no dummy
http://finance.yahoo.com/q?s=IPT.V
[Edit]
- i begged people to buy this at 40 centavos -- mugwump, 04:16:07 12/02/09 Wed
did you??
http://finance.yahoo.com/q?s=CGLD.OB
[Edit]
- are you paying attention?? cheap producer in sweden -- mugwump, 04:14:06 12/02/09 Wed
going for a crummy 50 centavos??
even my wife is loading up on this
it's like shooting fish in a barrel
http://finance.yahoo.com/q?s=GOZ.V
[Edit]
- i loaded up on aurcana- this baby's going to $1 -- mugwump, 04:11:43 12/02/09 Wed
http://finance.yahoo.com/q/bc?s=AUN.V
[Edit]
- it's hard to believe that roxmark is still only 20 centavos -- mugwump, 04:09:54 12/02/09 Wed
http://biz.yahoo.com/cnw/091201/premier_gold_hardrock.html?.v=1
[Edit]
- rosenberg likes pog $2,600 -- mugwump, 04:08:16 12/02/09 Wed
yeah, it's a nice intermediate price
http://finance.yahoo.com/tech-ticker/article/382000/Rosenberg%3A-Gold-Going-to-%242600-Thanks-to-China
[Edit]
- will gold go to $6,300??- well duh................... -- mugwump, 04:05:45 12/02/09 Wed
http://www.fool.com/investing/international/2009/12/01/will-gold-go-to-6300.aspx
[Edit]
- silver etf holdings jump to new record -- mugwump, 04:02:01 12/02/09 Wed
http://mineweb.co.za/mineweb/view/mineweb/en/page504?oid=93818&sn=Detail
[Edit]
- gold producers remove over 3 million ozs of hedges -- mugwump, 03:50:39 12/02/09 Wed
http://www.miningweekly.com/article/gold-producers-removed-318moz-from-hedge-book-in-q3-2009-12-01
[Edit]
- gold clean sweep in currency valuation -- mugwump, 03:48:23 12/02/09 Wed
http://www.hardassetsinvestor.com/features-and-interviews/1/1882-gold-makes-a-near-clean-sweep.html
[Edit]
- abx clears hedges- the bad old days are gone -- mugwump (), 03:43:15 12/02/09 Wed
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=93872&sn=Detail
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[Edit]
- European Banks Growing Bigger ‘Sowing the Seeds’ of Next Crisis -- doran, 03:43:34 12/02/09 Wed
http://www.bloomberg.com/apps/news?pid=20601109&sid=aRDrzOAWRekc&pos=10
[Edit]
- gma- multiple million share trades -- mugwump, 03:40:41 12/02/09 Wed
something's going on here
http://www.lse.co.uk/ShareTrades.asp?shareprice=GMA&share=gma_resources
[Edit]
- bob clark -- mugwump, 03:38:08 12/02/09 Wed
I like the odds.
The point of this is that buying a junior gold explorer at this time in the cycle may not be as risky as it first seems. In fact the risk may be lower than our other choices. If I am right about where we are currently in the gold cycle, (see my F.S.N article, Gold a cyclical recipe for disaster ) then there will be a lot of merger and acquisition activity taking place in the gold sector in the near future. At acquisition time, valuations will be partially determined by how many ounces the buyout target has. As the big fish swallow the smaller ones, they in turn will be hunting frantically for juniors to buy. Intending to increase their reserves relative to their market cap and make themselves more attractive. It won't be as important how mineable those reserves are, as long as they are cheap. Here's the thing, the bigger a gold company is, the higher value the market attaches to their reserves relative to their price. Some Juniors are trading at $15 to $20 per ounce based on proven reserves. Some of the bigger miners are trading at $300 plus. When they buy a junior, those acquired reserves increase to $300.
[Edit]
- norcini- inflation adjusted gold chart -- mugwump, 03:27:53 12/02/09 Wed
http://jsmineset.com/wp-content/uploads/2009/12/ChartDec1-09.pdf
[Edit]
- king tut sez ipt is a double -- mugwump, 03:25:44 12/02/09 Wed
http://www.mexicomike.ca/php/phpBB2/viewtopic.php?t=11150&sid=8743fa4692361f729ce37a90c9ba19b1
[Edit]
- pelosi spends $12,000 per annum on flowers -- mugwump, 03:17:36 12/02/09 Wed
http://www.politico.com/news/stories/1109/30013.html
[Edit]
- dollar, gold up -- mugwump, 03:11:53 12/02/09 Wed
http://www2.barchart.com/mktcom.asp?code=BSTK
[Edit]
- aurcana net income -- mugwump, 03:10:38 12/02/09 Wed
http://finance.yahoo.com/news/Aurcana-Corporation-Reports-iw-3625373963.html?x=0&.v=1
[Edit]
- For the future -- mudturtle, 02:51:19 12/02/09 Wed
"Today, after extraordinary costs, we are bringing the Iraq war to a responsible end. We will remove our combat brigades from Iraq by the end of next summer, and all of our troops by the end of 2011 … We have given Iraqis a chance to shape their future, and we are successfully leaving Iraq to its people."
+++++++++++++++++++++++++++++++
Under Saddam he encouraged weapons ownership among the reliable. Now that the whole place is disarmed except the corrupt (I am being redundant) gombit, none but the goomint is allowed to have small arms. Is that an improvement?
[Edit]
- settle in physical or was it a cash deal -- ellix, 02:48:52 12/02/09 Wed
Either way it should have had a tremendous negative effect on the share price http://www.google.com/finance?q=NYSE:ABX -- but it rose.
Are Barrick owners crazy? Am I?
[Edit]
- Muddee..I like your ramblings.....with the right drug -- Nuggets, 02:47:17 12/02/09 Wed
you have the makings of a Hunter S....
O.K....hooze got the Red....
[Edit]
- my story and I'll stick with it for a short while -- mudturtle, 02:45:04 12/02/09 Wed
The runup in golf is because the gombits and their bankster handlers are losing respect from their domesticated herds.
[Edit]
- I listened to the teleprompter reader tonight. -- mudturtle (), 02:37:11 12/02/09 Wed
He is as despicable as his predecessor. I got my only laugh at the point where he blathered on about the Constitution. If he is so keen on that he should get his pet congreff to issue a declaration of war just to make it all legal.
It must be fun to be a cadet at commencement knowing that you will be expected to do a minimum of 18 months, and likely a lot more to make the invaded land safe for the double pension dipping army reserve prison guards to take over winning hearts and minds.
Another of fearless leader's pronouncements was blaming Afghans for 9/11. Didn't any of his handlers inform his majesty that the official story is that they were Saudi subjects?
If skin color means as much as so many profess, why can't we exchange Obama with Woods? Woods would be a better president because of more experience with money matters and Obama with the name recognition might get a good summer or two as a caddy.
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[Edit]
- Five British sailors released by Iran -- doran, 02:25:39 12/02/09 Wed
"After getting necessary guarantees, Iran released the five," state radio quoted a statement issued by the Revolutionary Guards. "We reached the conclusion that they entered Iran's territorial waters by mistake."
http://www.telegraph.co.uk/news/worldnews/middleeast/iran/6706820/Five-British-sailors-released-by-Iran.html
[Edit]
- Barrick -- ROAN, 02:22:33 12/02/09 Wed
TORONTO, Dec 1 (Reuters) - Barrick Gold Corp (ABX.TO) said on Tuesday it had completely eliminated its fixed-price hedge book, allowing the company to take full advantage of rising gold prices
Does this mean they had to settle in physical or was it a cash deal. It would have an effect on Au price if the settlement was in gold? Anyone put light on this!
[Edit]
- @doran @that 02:03:49 rant is about the most chicken sh!t rant -- mozel, 02:15:27 12/02/09 Wed
ever published ...
[Edit]
- Obama’s War Speech: An Unconvincing Flop ...by Justin Raimondo -- doran, 02:11:56 12/02/09 Wed
After 92 days of waiting for the Word from on high, the nation received its marching orders from our commander-in-chief – and it was a flop of major proportions. As his West Point audience looked on disdainfully – applauding only twice, and then tepidly – President Obama tried to make the case that his escalation of the war in Afghanistan and Pakistan is really just a prelude to withdrawal. But is it?
http://original.antiwar.com/justin/2009/12/01/obamas-war-speech-an-unconvincing-flop/
[Edit]
- What Do Levi Johnston, Evangelicals and Oprah Have in Common? -- doran, 02:03:49 12/02/09 Wed
They All Blind Us to What Really Matters
What really matters in our lives -- the wars in Iraq and Afghanistan, the steady deterioration of the dollar, the mounting foreclosures, the climbing unemployment, the melting of the polar ice caps and the awful reality that once the billions in stimulus money run out next year we will be bereft and broke—doesn’t fit into the cheerful happy talk that we mainline into our brains. We are enraptured by the revels of a dying civilization. Once reality shatters the airy edifice, we will scream and yell like petulant children to be rescued, saved and restored to comfort and complacency. There will be no shortage of demagogues, including buffoons like Sarah Palin, who will oblige. We will either wake up to face our stark new limitations, to retreat from imperial projects and discover a new simplicity, as well as a new humility, or we will stumble blindly toward catastrophe and neofeudalism.
http://www.alternet.org/media/144255/what_do_levi_johnston%2C_evangelicals_and_oprah_have_in_common_they_all_blind_us_to_what_really_matters
[Edit]
- US Supreme Court suppresses torture photos -- doran, 01:59:41 12/02/09 Wed
The Obama administration told the Supreme Court that release of the photos would “pose a clear and grave risk of inciting violence and riots against American troops and coalition forces.” This is in fact a damning admission. Obama confesses that making the photos public would increase opposition among Iraqis and Afghans, the great majority of whom already despise the occupations. It is at the same time tacitly understood that their publication would further reduce public support for the wars in the US.
http://www.wsws.org/articles/2009/dec2009/tort-d02.shtml
[Edit]
- Hillary's Nasty Pastorate (3/19/2008) -- doran, 01:52:52 12/02/09 Wed
Clinton fell in with the Family in 1993, when she joined a Bible study group composed of wives of conservative leaders like Jack Kemp and James Baker. When she ascended to the senate, she was promoted to what Sharlet calls the Family's "most elite cell," the weekly Senate Prayer Breakfast, which included, until his downfall, Virginia's notoriously racist Senator George Allen. This has not been a casual connection for Clinton. She has written of Doug Coe, the Family's publicity-averse leader, that he is "a unique presence in Washington: a genuinely loving spiritual mentor and guide to anyone, regardless of party or faith, who wants to deepen his or her relationship with God."
http://www.huffingtonpost.com/barbara-ehrenreich/hillarys-nasty-pastorate_b_92361.html
[Edit]
- fraily .....................au parabolic wave iii -- BUFFORD, 01:46:54 12/02/09 Wed
http://breakpointtrades.com/controls/preview.php?la_id=831
mech systems and watch list
http://breakpointtrades.com/controls/preview.php?la_id=830
[Edit]
- Sanity returns to the Forum-Nuggets -- nogtans, 01:42:09 12/02/09 Wed
yip , cant agree more Springboks all sprightly and talking sense early morning over here
[Edit]
- I am Jesus ... and on the lam, Seattle cop killer Maurice Clemmons told NY bishop Bernard Jordan -- doran, 01:41:03 12/02/09 Wed
http://www.nydailynews.com/ny_local/2009/12/01/2009-12-01_i_am_jesus_seattle_cop_killer_maurice_clemmons_told_ny_bishop_.html
[Edit]
- Goldone news for the Aussies & Safrikans -- nogtans, 01:39:52 12/02/09 Wed
Worth a look at, I have a few
GUIDANCE FOR 2009 AND 2010
Forecasted gold production for calendar year 2009 is now expected to be between 16,000 and 20,000 ounces.
calendar 2010 gold production is estimated to be between 100,000 and 120,000
ounces at average cash costs for 2010 of US$ 330 per ounce.
Forecast production for calendar 2011 remains unchanged at 180,000 ounces at an
average cash cost of US$ 250 per ounce.
http://www.sharenet.co.za/v3/sens_display.php?tdate=20091202072601&seq=265
[Edit]
- mudturtle - Of course TCUYA has always been their wet dream -- morbius (), 01:39:01 12/02/09 Wed
The Biblical 'Mark of the Beast' means either the Bible is prophesy or the Romans had the same wet dream - the dream of all tyrants - Total Control. TCUYA is something we will have to deal with, but as GN pointed out recently, the NWO lacks a means of disciplining its prospective members (who may have differing agendas). Speaking of Biblical, the Tower of Babel comes to mind. Best get out of Dodge. It's gonna be wild.
Last edited by author: Wed December 02, 2009 01:39:47
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[Edit]
- Love this time of the evening.. -- Nuggets, 01:37:53 12/02/09 Wed
Sanity returns to the Forum,well, some does, & Muddee's ona 'nutha roll..
[Edit]
- There are a lot of gold mines that are going to go under the knife -- mozel, 01:32:49 12/02/09 Wed
because of this rise in gold. Australian gold prospectively mostly belongs to Rothschild's. The same sort that was bad mouthing gold at $400 on the way down and back is now prophesying gold rising and rising. Whether or not big things are causing this gold rise, it is going to cause big things to happen.
[Edit]
- Not planned -- morbius -- mudturtle, 01:28:33 12/02/09 Wed
Oh, and it is just a tenuous diaphanous connection to jamming TCUYA that is all the rage now when they can crush what little is left of the economy with a six month yield of two percent? Nah, it was a frat boy prank that got a little out of hand.
[Edit]
- I love the sound of -- nogtans, 01:24:08 12/02/09 Wed
falling dominos , in the morning , in the morning , doo be doo be dubai hey o
http://www.youtube.com/watch?v=kLuSyqMlm_U
[Edit]
- We are up nearly a hundred bucks since 11-01. -- mudturtle, 01:18:14 12/02/09 Wed
Blame it on Pascal and his 1091.20. That has enough ones to make it a numerology object of interest.
Speaking of interest, my unused line of credit with the bank is no longer based on prime rate. It is now fixed at 4.75%. Yet another reason to get away from their scams.
[Edit]
- mudturtle - Not planned -- morbius, 01:17:13 12/02/09 Wed
They had no choice (well only the same choice they have now, and STILL will not take).
Do you forget the 'miracles' they pulled off - Volcker crushing the gold bull and rescuing the dollar? The Maestro saving the system 1n '87? The Mexico default, the Russian default, the tech collapse in 2001. Each time they pulled the fat out of the fire and almost broke their arms patting themselves on the back. It is any wonder they succumbed to Hubris? We know what they were doing was blowing bigger and bigger bubbles, while simultaneously hollowing out our industrial base (and making a LOT of money doing it). Remember how proud they were of their 'Financial Engineering'? They really thought they could replace manufacturing good with manufacturing money. Their bullshit has served them well for 50 years (to our constant chagrin). Well, it's over now. This is IT, IMO.
[Edit]
- That is the end play -- mudturtle, 01:13:00 12/02/09 Wed
Winston - Cash rich banks would suddenly find a lot of bargains. -- morbius, 00:41:13 12/02/09 Wed
I know. The thought really pisses me off.
+++++++++++++++++
The banks that are stuffed with the same dollars that producers get if they satisfy customers, watch costs and do real innovation have the same value.
USD$1,000,000.00 gained from decades of investment, employment and production is worth the same as the 1/30,000 the part of what your bank gets when we taxcows give it thirty billion. The taxcow gets the loss of the interest on his million too so that the bank can get the faux cash for nothing so that the bank can rebuild from the ruinous and unpayable loans of the bank's Go-go years.
Hey, cash is fungible... It is the same value for a keystroke as it is for decades of real production. If the poducer stumbles during an episode of financial collapse brought on by the banker, his assets will be sold for literally nothing by the notional money of the redeemed bankster. The upside is that the wiped out real capitalist will be taxed pay the mercantilist foreign lenders interest bills on their notional money lending. His children are fecked too into perpetuity.
Maggots like Michael Moore condemn capitalism because the producers can no longer pay for the burden of the parasite class.
I am going to demand cashout of my bank accounts this Friday. My years of being an unsecured creditor are over,
[Edit]
- TFTD... -- WALIAC, 01:06:10 12/02/09 Wed
Revolution can only begin after the "fanatic" educates the masses.
[Edit]
- Found the parachute .......... now ..... where's that emergency oxygen bottle? -- Earl, 01:04:45 12/02/09 Wed
We are up nearly a hundred bucks since 11-01.
[Edit]
- Prepared to take some flack -- oilboiler, 00:54:19 12/02/09 Wed
Which I will ignore, but this Alex Jones interview with Lord Monckton on climate change fraud is worth a listen. Download and scroll to hour 2-3.
http://www.prisonplanet.com/the-alex-jones-show-l-i-v-e-november-27th-with-lord-monckton.html
[Edit]
- This run is becoming a bit unnerving ...... where's my parachute? ,,, jest in case -- Earl, 00:03 -- mudturtle, 00:53:43 12/02/09 Wed
I was ruminating on that one too. TSHTF is ongoing somewhere, OR, the pigmen have come to the conclusion that they have lost confidence in their rackets and the revolution is at hand. Something big is outgassing out there. It sure as hell wasn't Dubai World as the MSM would had us believe a few days ago.
The pressure on congreff is is rising with this sot of stuff:
http://www.zerohedge.com/article/questions-bernankes-senate-confirmation-hearing
----------
The first two thirds of it are questions that go to the heart of central banking. The last several paragraphs devolve into claptrap of those that beg for a continuance of the free ride.
The good part leaves anyone that thinks with the ugly feeling that this was all planned. (That is my position for many years.) It is impossible to swallow the notion that this was a simple greed operation that got out of hand. I posted hundreds of links that proved that the fraud was on a scale never seen before. I am not a smart guy in central banking, but just a manufacturing slob that saw it for what it was. All that I did was read and post links to this forum and others, AND wrote letters to the congreff that ignored it all.
There is no way that central banksters and their paid whores in academia could not have known how the dumping of all prudential lending rules would turn out in the end game. Academy whores on the take from the central bank can be excused for being whores, but their paymaster johns cannot claim that it was all a mistake. The piece makes it clear that there were adults in the building that warned of collapse. There were even Doctor degreed economists and banking experts that warned of the pitfalls that any juice loan shark would shrink from.
Why was it allowed to build to disaster levels and then accelerated to sure destruction? The civilization destroyers knew that they could count on the merely stupid greedy all the way down to the worst street level scamsters without anyone of any importance being led off in chains. They knew that their saddling of the taxcow with absolute financial ruin would not get anything but help from their owned US gombit and their owned other gombits because of the hidden policy of the real society destroyers.
I wonder if the fundies bet on gold has been overtaken by the slowly awakening populace that has lost most of their illusions on gombit as their protector.
[Edit]
- mudturtle -- WALIAC, 00:45:07 12/02/09 Wed
I had the thought the other day that China's mining capacity coupled with their secrecy means that they could be selling on the open market while simultaneously accumulating.
[Edit]
- The Copenhagen Diagnosis -- LilDevil, 00:43:41 12/02/09 Wed
.
.
The Copenhagen Diagnosis, 2009: Updating the world on the Latest Climate Science.
This report covers the range of topics evaluated by Working Group I of the IPCC, namely the Physical Science Basis. This includes:
* an analysis of greenhouse gas emissions and their atmospheric concentrations, as well as the global carbon cycle;
* coverage of the atmosphere, the land-surface, the oceans, and all of the major components of the cryosphere (land-ice, glaciers, ice shelves, sea-ice and permafrost);
* paleoclimate, extreme events, sea level, future projections, abrupt change and tipping points;
* separate boxes devoted to explaining some of the common misconceptions surrounding climate change science..................more
News release
http://www.copenhagendiagnosis.com/press.html
Download full report:
http://www.copenhagendiagnosis.org/download/
fwiw dyodd...........
[Edit]
- Winston - Cash rich banks would suddenly find a lot of bargains. -- morbius, 00:41:13 12/02/09 Wed
I know. The thought really pisses me off.
[Edit]
- @ Wow ... Have To Buy Some More AU Supplies ... -- MoreGold, 00:40:39 12/02/09 Wed
Was waiting for pullback. Hmmmm
I wonder how many others are caught in the same bind?
I think at 1325. we are in a major leg up and buy is a must, or at least buy GLD to hedge.
I need to buy copper and thats friggin EXpensive. Gonna call my supplier to see if they raised prices, hope not yet...
[Edit]
- -- -- Winston, 00:38:20 12/02/09 Wed
I think au is running up in anticipation of an attack on Iran. It would have to come around Dec. 21--three weeks from now. It might allow the suspension of Comex deliveries. Cash rich banks would suddenly find a lot of bargains. A lot of things are involved.
[Edit]
- lady_bug - -- morbius, 00:37:29 12/02/09 Wed
Still on the topic of gold, Ian McAvity (Ian McAvity’s Deliberations) said: “Gold bubble? I regard such talk as nonsense … Gold is about 52% higher than the peak weekly average price of January 1980. The US CPI is 177% higher, US M-2 Money Supply is 464% higher, and the S&P is 892% higher. I don’t think it untoward to suggest gold is badly lagging a number of important yardsticks and at these levels has some catching up to do.”
http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=15407
[Edit]
- Rciard Russel -- lady_bug, 00:27:04 12/02/09 Wed
Richard Russell "November 27, 2009 -- "Gold bubble? I regard such talk as
nonsense . . . . Gold is about 52% higher than the peak weekly
average price of January 1980. The US CPI is 177% higher, US
M-2 Money Supply is 464% higher, and the S&P is 892%
higher. I don't think it untoward to suggest gold is badly lagging
a number of important yardsticks and at theses levels has some
catching up to do.
[Edit]
- Gold is out of the box ... it's running ... and it's taking no prisoners ... -- mozel, 00:23:43 12/02/09 Wed
why it's time for this, I think, nobody knows ...
[Edit]
- Well what do you folks expect? -- crazytimes, 00:20:21 12/02/09 Wed
Of COURSE Gold is going higher. A County that is essentially bankrupt already from Wars based on lies and outright thievery is going to send 35,000 MORE troops to the Graveyard of Empires which will bleed dry whatever little is left of the hollowed out corpse of a Nation that is the USofA. Why the rush to Afghan? Let's see, I"ll take a guess.......... So Israel can attack Iran in the coming shortest days of the year and bring in its bitch-slave the US to fight for it before the bitch-slave crawls into the corner and perishes once and for all.
The US Dollar is TOAST, of course Gold is going higher.
[Edit]
- Earl -- oilboiler, 00:13:24 12/02/09 Wed
We all know that which is inevitable, but none of us know the timing. If this is the inevitable, gold is the parachute.
[Edit]
- 1213.....pinch ME -- duppy, 00:08:21 12/02/09 Wed
is it a dream?
nope.
dUp
[Edit]
- This run is becoming a bit unnerving ...... where's my parachute? ,,, jest in case -- Earl, 00:03:36 12/02/09 Wed
[Edit]
- crazytimes @ ?? -- Gidsek, 23:51:13 12/01/09 Tue
RUN crazytimes ! Run like the wind !
[Edit]
- @ @ BRIT^S ... -- MoreGold, 10:48:48 12/01/09 Tue -- MichaelH, 23:40:44 12/01/09 Tue
Hehehehe ... Five "Yachtsmen" ???
Having a limey old time off the coast of IRAN.
How about 5 MI-5 secret tactical operatives ???
***
Good post :-)
[Edit]
- I still think that Krasting is a saavy source. -- mudturtle, 23:35:43 12/01/09 Tue
Threshold of Pain
Bruce Krasting's picture
Submitted by Bruce Krasting on 12/01/2009 11:20 -0500
In late September the weak dollar and strong gold story were becoming obvious on the charts. I made a comment on someone’s blog:
“IF gold gets to 1200 and the Euro reaches 1.5 and the Yen is at 85, then Bernanke will be forced to give up the QE policy and reverse the emergency zero interest rates.”
I could not have been more wrong on that call. We have achieved the levels that I thought would be a, “Threshold of Pain” for the Fed. As of today the likelihood of the Fed amending its monetary stance anytime soon is nil.
For me this means that the pressure on the $ and gold has to continue. We are already at some galactic levels for gold and the dollar. I would have thought we would be in a “panic mode” if the screen read 1.51 and 1200. But there is no sense of panic at all.
I am revising my forecast for the threshold of pain: IF the Euro gets to 1.55 and gold goes to 1400 Bernanke will be forced to accelerate the timetable for reversing the emergency monetary measures. (I think the Yen is now a side show, it may add to $/Euro weakness)
http://www.zerohedge.com/article/threshold-pain
[Edit]
- Deepbreather- "...drawing funds away from others not -- lonestar, 23:34:09 12/01/09 Tue
part of the ETF..." I agree, and because of that I also sold some other stuff that I thought would rise slower that these ETF components
[Edit]
- Oh THIS is Rich. Friedman's latest -- crazytimes, 23:31:44 12/01/09 Tue
Thomas Friedman in an article in the New York Times goes on:
"Yes, after two decades in which U.S. foreign policy has been largely dedicated to rescuing Muslims or trying to help free them from tyranny — in Bosnia, Darfur, Kuwait, Somalia, Lebanon, Kurdistan, post-earthquake Pakistan, post-tsunami Indonesia, Iraq and Afghanistan — a narrative that says America is dedicated to keeping Muslims down is thriving.
Although most of the Muslims being killed today are being killed by jihadist suicide bombers in Pakistan, Iraq, Afghanistan and Indonesia, you’d never know it from listening to their world. The dominant narrative there is that 9/11 was a kind of fraud: America’s unprovoked onslaught on Islam is the real story, and the Muslims are the real victims — of U.S. perfidy."
http://www.nytimes.com/2009/11/29/opinion/29friedman.html?_r=2&em
I honestly don't know whether to laugh out loud or throw up at this nauseating propaganda of Friedman. At least Stephan Walt has a good response to Friedman, complete with a chart of Muslim Fatalities vs US.
Why they hate us (II): How many Muslims has the U.S. killed in the past 30 years?
Tom Friedman had an especially fatuous column in Sunday's New York Times, which is saying something given his well-established capacity for smug self-assurance. According to Friedman, the big challenge we face in the Arab and Islamic world is "the Narrative"
http://walt.foreignpolicy.com/posts/2009/11/30/why_they_hate_us_ii_how_many_muslims_has_the_us_killed_in_the_past_30_years
[Edit]
- APOLLO -- mudturtle, 23:30:55 12/01/09 Tue
McStew is now M-Stew. If you recall him from the old days he is an occasional poster that shows up at lows as well as at highs. For me, I ignore him at my peril. He is a fine analyst in my book.
[Edit]
- How Prosecutors Wiretap Wall Street -- mozel, 23:29:29 12/01/09 Tue
http://www.wallstreetandtech.com/blog/archives/2009/10/how_prosecutors.html;jsessionid=2XNDVISTRCUKDQE1GHPCKHWATMY32JVN
[Edit]
- Thanks to Uncle Ben -- Iainmac, 23:28:48 12/01/09 Tue
Spot's at 1210
http://isht.comdirect.de/html/detail/main.html?hist=1d&sSym=GLD.FX1&DEBUG=0&sCat=IND&sIsin=n%2fa&sTab=bigchart&sWkn=n%2fa&type=CONNECTLINE
[Edit]
- APOLLO, 23:04 -- mudturtle (this is the complete post), 23:25:58 12/01/09 Tue
I would be closer to the exit, than the entrance -- M-Stew, 15:22:08 12/01/09 Tue
http://stockcharts.com/h-sc/ui?s=GLD&p=D&st=2000-01-11&en=1087-01-01&id=p06799319992
http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=3&mn=0&dy=0&id=p76939387533
Relative HUI is above 1.40. In very overbought zone. Could stay there for a while.
SP500 and HUI have been joined at the hip for many quarters. Stocks look toppy.
Raja, have stops in mind.
++++++++++++++++++++++++++
Huge volumn(k) on HL/C today. Were you selling? (kidding)
Nah, it must have been some big institutional/Fund holder clearing a big position. 227867 shares traded. That's a hundred times as big as many days.
[Edit]
- Is that the same as -- Carmack, 23:24:24 12/01/09 Tue
saying that you were wrong ??
"Dubai's a bit of a ST game-changer I would say."
[Edit]
- AU_NB, 22:06 -- mudturtle (), 23:15:57 12/01/09 Tue
Another was constantly on the upcoming failure to deliver real metal when the big exchanges defaulted. (circa 1997/1998 on Kitco).
The difficulty in getting fizzicle(k) out of COMEX suggests that they cannot deliver on the long's contracts. Those standing for delivery get paper promises from the ETF, but no 100 ozers out of New York. I wrote about that several years ago when CBOT failed to deliver real metal in the contracted time window, and then formally made it a strictly paper exchange on the mini gold contracts.
Unless one is big enough to take delivery on a million shares of GLD, one has to go to the private markets of coin dealers or mines/refineries to get physical delivery.
I think that our brothers in the derivative markets have overstayed the point where anyone with a brain will believe that their word is good on delivery.
Is this showdown time in the gold market? It smells like it is.
Last edited by author: Tue December 01, 2009 23:17:01
Edited 1 time.
[Edit]
- mudturtle - They can drop the HUI 9% anytime they want -- morbius, 23:13:41 12/01/09 Tue
Physical, is and always has been, the key. I suppose we shouldn't underestimate their capacity for mischief, but when you look at the debt, the fraud, the naked gold shorts, the wars, the taxes (health bill, cap and trade) they intend to impose on our ailing economy....WTF! They have lost their minds (maybe Bin Laden put something in the DC water supply). This has GATA blow. This will be a spectacle that will dwarf anything from Cecil B. DeLille - Decades in the making and featuring a cast of millions.
[Edit]
- Yet another "Noone(k) could see this coming". -- JoeB, 23:09:43 12/01/09 Tue
That's why I have the qualifier "officially." Many bugs deduced what the Chinese were doing. Nevertheless, my point stands about the delusional nature of his rantings. You like him? He's all yours.
[Edit]
- Mudturtle, Got a link on McStew|? -- APOLLO, 23:04:12 12/01/09 Tue
z
[Edit]
- In 1998, Zakheim signed a PNAC open letter to Clinton about the crisis -- mozel, 23:03:11 12/01/09 Tue
in Kosovo. The letter called for U.S. support for regime change in Belgrade. And Clinton stood at attention.
Madeline Albright demanded the Clintons restore Yugoslavia to Zionist control, and they did.
http://judicial-inc.biz/85clinton_zakheim_spies.htm
[Edit]
- Chinese leadership (officially) took everyone off guard with the announcement -- mudturtle, 23:02:23 12/01/09 Tue
JoeB,
Both RIP and myself were saying for months that China would buy internally produced glod and never push the price by international buys that get scrutiny.
Yet another "Noone(k) could see this coming".
[Edit]
- @ GOLD Isn't Supposed To Go Up In China CHECK ... -- MoreGold, 22:58:26 12/01/09 Tue
[Edit]
- I saw McStew's warning on maintaining careful stops. -- mudturtle, 22:57:44 12/01/09 Tue
GATA hand it to him on his past calls of potential tops. If this rally is just an echo of the previous bubble it will go away as quickly as it did in Q4 2008. If Ben gets past this confirmation in the US Senate he might try to mop up some of the slosh with a rate rise. Fifty bps would drop HUI by 9% in two hours. The maggot is doing some serious horse trading here so that he can remain as FED head. The pressure of GS opprobrium is mounting as well.
Wouldn't it be sweet if GS suddenly went very short everything just prior to Ben's re-appointment and his small raise of overnight interest rates.----Phase Two of the final crushing of the middle class, if you will.
[Edit]
- I'm gettin' a ton of emails askin' fer my next targets ..... -- BWP, -- Romanov (), 21:16:15 12/01/09 Tue
Who do your target prices end in odd numbers like ".31" and ".43" when gold is traded in ten cent increments?
Last edited by author: Tue December 01, 2009 22:41:49
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[Edit]
- Raja: If, and when thing get really dicey, -- MichaelH, 22:27:49 12/01/09 Tue
neighbors might not just be envious but demand to share what we have. And we will.
Raja, it sounds like you are good neighbor to have. Pulling and working together will be very advantageous.
[Edit]
- & I thought we would begin correcting this week -- APOLLO, 22:18:51 12/01/09 Tue
Dubai's a bit of a ST game-changer I would say. Good chart by KIP on the acceleration of price re the ST beta - I think he's right.
[Edit]
- this forum suits RIP's purpose... -- Nuclearson, 22:15:21 12/01/09 Tue
and what exactly is that purpose RIP?
[Edit]
- Obamma speech having good effect on gold...... -- AZAU, 22:15:20 12/01/09 Tue
the shittalk is wearing thin...
Prey for Collapse to end the madness.
[Edit]
- It actually started with the Bronfmans, bootleggers and whore -- mozel, 22:15:14 12/01/09 Tue
house owners, who eventually owned the banking industry. That group starts the Bank of Canada, the Canadian Stock Exchange, buy up the media, and now can direct the elections. Canada is another Russia, but without the bloodshed.
http://judicial-inc.biz/C.anada_website_publisher_gets.htm
[Edit]
- The lesson .. Choose yer ("self-annointed") gooroos wisely ..- Delta -- JoeB, 22:13:27 12/01/09 Tue
Add to that, the news this year out of China concerning gold purchases, was that they increased their reserves via buying from domestic production. A smart move, especially since China is now the world's largest producer. Chinese leadership (officially) took everyone off guard with the announcement. They also stated they bought domestic production, so as not to cause the price to suddenly rise through purchases off the open western markets. Again, smart move that seems quite logical and further has the ring of truth. But yet we are supposed to believe some anonymous self-anointed guru out of Canada who obviously has no real life, given his obsession in posting here (for what seems to be) every minute of the day.
So yeah, choose your gooroos wisely.
[Edit]
- deepbreather- Actually whenever GDXJ started -- lonestar, -- Deepbreather, 22:11:22 12/01/09 Tue
And as the ETF becomes more popular, one will see price strength in these individual stocks...thus, perhaps, drawing investment funds away from others not part of the ETF.
[Edit]
- mudturtle - Another -- AU_NB, 22:06:19 12/01/09 Tue
Either I missed it or CRS strikes, but what did Another say ?
Thanks
[Edit]
- Global Warming Scam .. -- Delta-au, 21:58:46 12/01/09 Tue
this subject is not goanna go away anytime soon ..
the political lines ahve been drawn in Australia ..
Kevin Rudd:
The Government took a plan to tackle climate change to
the last election, to tackle the risks climate change poses
to our planet, and especially to the health, lifestyle and
livelihoods of our children…
Temperatures in Australia rising by around five degrees by
the end of the century.... A fall in irrigated gricultural
production in the Murray Darling Basin of over 90 per cent
by 2100… Storm surges and rising sea levels – putting at
risk over 700,000 homes & businesses around our coastlines…
Our GNP dropping by nearly two & a half per cent through
the course of this century from the devastation climate
change would wreak on our infrastructure alone.
Tony Abbott:
This is a $120-billion tax on the Australian public & that
is just for starters. We have heard from the Independent
Pricing Regulator in NSW just yesterday that this ETS would
add 30 per cent to the people of NSW’s power bills… I am
not frightened of an election on this issue, because as far
as many, many millions of Australians are concerned, what
the Rudd Government’s ETS looks like is a great big tax to
create a great big slush fund to provide politicised hand
outs by a giant bureaucracy.
--------------------------------------------------------
Let the "Games" begin in earnest ..
[Edit]
- mudturtle - Old Business -- AU_NB, 19:41 -- mudturtle, 21:57:06 12/01/09 Tue
I meant "old business" about the actual numbers of contracts standing for settlement. This shows that there is just about an insuperable wall to scale to get fizzicle out of COMEX.
In the past two months there has been discussion on COMEX pushing GLD as good delivery. Now it seems that getting paper for your contract is the only settlement. Maybe old brother Another is going to get proved correct.
[Edit]
- @morbius -- mozel, 21:56:29 12/01/09 Tue
Whatever turns up will be very interesting, if you get by that way.
something's fishy
http://www.americanthinker.com/2008/11/why_the_barack_obama_birth_cer.html
[Edit]
- deepbreather- Actually whenever GDXJ started -- lonestar, 21:47:28 12/01/09 Tue
trading, I sold all of the individual stocks that I was holding that were components of that ETF, and picked up the ETF with the proceeds. Like yourself, I decided why watch these stocks when they will do it for me (and probably do a better job than I would), and what's more give me exposure to all of the 38 component stocks instead of just the 15 that I was holding.
[Edit]
- mozel - I'd love to oblige -- morbius, 21:44:55 12/01/09 Tue
but I am on another island. I'll probably go to Ohau sometime in the near future, but really, what are the chances? You would have a better chance of recovering intact your BMW on the cross Bronx expressway after having abandoned it a week before.
[Edit]
- Living in the Greatest Depression is wearing me out man... -- Nuclearson, -- MichaelH, 21:43:54 12/01/09 Tue
I wonder about that... Some "survivalists" seem to work very hard to grow a few vegetables.
[Edit]
- another example .. was his skirmish with Iainmac yesterday .. -- Delta-au, 21:43:34 12/01/09 Tue
Iainmac said he viewed the PoG chart as S/T bullish ..
RIP went apeshit .. saId the Chinaman aint buying and is
afraid to buy ..
The overnight markets proved RIP was wrong .. no apology tho' ..
and, in addition to that, this morning RIP had to climb
down from that "FACT" when ZeroHedge (one of his favourite
sites) printed this ..
quoting an official from the state-owned Assets Supervision
and Administration Commission (Ji Xiaonan, the Chief) as
saying “we recommend China increase its gold reserves to
6,000 metric tons within three-to-five years and possibly
to 10,000 tons in eight to 10 years.”
..
The lesson .. Choose yer ("self-annointed") gooroos wisely ..
[Edit]
- silver has been recently going up twice as fast as gold.. -- Nuclearson, 21:40:19 12/01/09 Tue
about time
[Edit]
- don't worry BWP, the aliens will be here soon to take all of the gold -- Nuclearson (), 21:39:19 12/01/09 Tue
you have collected for them and grind it into powder and release over their home planet, a job well done!
Last edited by author: Tue December 01, 2009 21:39:38
Edited 1 time.
[Edit]
- Chelsea Clinton To Wed Marc Mezvinsky -- mozel (), 21:38:09 12/01/09 Tue
Last edited by author: Tue December 01, 2009 21:38:47
Edited 1 time.
[Edit]
- Living in the Greatest Depression is wearing me out man... -- Nuclearson, 21:37:52 12/01/09 Tue
I have recently darned a sock, replaced 2 buttons and learned how to make a mean vegetable/meat stew...
by the time gold reaches 3K I will probably be able to iron my own clothes...
[Edit]
- -- -- Winston, 21:34:19 12/01/09 Tue
au close above $1210 is the number to watch. Scroll to see second chart: http://jsmineset.com/wp-content/uploads/2009/12/November-2009-monthly-gold.pdf
[Edit]
- Ain't Gold Great ! -- siempre33, 21:32:15 12/01/09 Tue
we're at 1208
[Edit]
- foreign holdings of US treasuries- contrary investor -- mugwump, 21:28:19 12/01/09 Tue
http://www.safehaven.com/images/contrary/15162_g.png
[Edit]
- BOJ wants gold higher -- mugwump, 21:20:58 12/01/09 Tue
Bank of Japan is determined to do its part to keep the gold price high. The BoJ says it'll pump 10 trillion yen of new money (US$115 billion) into the Japanese economy.
[Edit]
- "Nice!" -- AU_NB, 20:54:17 -- Kip, 21:19:58 12/01/09 Tue
AU_NB...... thar's something about 'curves' ......some I find most appealing! :)
[Edit]
- Last night.... -- JoeB, 21:12:34 12/01/09 Tue
in Asia, the price of gold shot up $20. Tonight it breaks $1200. Neither, we were assured, was supposed to happen.
Me thinks the board needs a new self-appointed guru.
[Edit]
- sino gold holders approve merger with eldorado -- mugwump, 21:12:08 12/01/09 Tue
http://finance.yahoo.com/news/Eldorado-Gold-Corporation-iw-3244572398.html?x=0&.v=1
[Edit]
- ron paul- the fed will destroy the dollar -- mugwump, 21:04:44 12/01/09 Tue
http://www.lewrockwell.com/paul/paul612.html
[Edit]
- US bankruptcy now certain- got gold?? got silver?? -- mugwump, 21:01:26 12/01/09 Tue
http://www.thedailycrux.com/content/3455/Porter_Stansberry/eml
[Edit]
- .. -- Delta-au, 21:00:53 12/01/09 Tue
As great an example of RIPlogic that anyone here needs ..
to help you answer the question of why he is here ..
----------------------------------------------------------------------------------
RIP - No -- morbius, 17:25:26 12/01/09 Tue
----------------------------------------------------------------------------------
morbius -- RIP, 17:22:33 12/01/09 Tue
So you agree...the Chinese are essentially short.
----------------------------------------------------------------------------------
RIP - The Chinese don't want to blow through $1200 -- morbius, 17:19:30 12/01/09 Tue
They want to accumulate. Remember the old maxima and minimal
problems from freshman calculus? The number of tickets sold
being a function of price, the problem is to find the price
that maximizes profit (not ordinarily the highest price).
http://www.math.ucdavis.edu/~kouba/CalcOneDIRECTORY/maxmindirectory/MaxMin.html
The problem for the Chinese is not to find the highest
price for gold (or the lowest), but to find the price that
will maximize the rate of transfer of bullion from the West
into Chinese coffers.
[Edit]
- Iainmac .. -- Delta-au, 20:57:51 12/01/09 Tue
thx for the RMS updates ..
BTW .. the XGD (Gold Index) is up 4% today ..
[Edit]
- Australian Senate defeats ETS (Emission Trading Scheme) .. -- Delta-au, 20:55:38 12/01/09 Tue
Mission Complete ..
(uhh .. fer now ..)
[Edit]
- Kip -- AU_NB, 20:54:17 12/01/09 Tue
Nice !
[Edit]
- @"So you agree...the Chinese are essentially short." @essentially ???? -- mozel, 20:53:59 12/01/09 Tue
I think the Japanese, koreans, L.A. dwarves, and Vietnamese are short, too, but what does "essentially short" mean ?
[Edit]
- morbius -- WALIAC, 20:53:33 12/01/09 Tue
Dun, dun, dun dun da dun dun...
[Edit]
- @morbius -- mozel, 20:45:50 12/01/09 Tue
Supposedly the Honolulu Star-Bulletin and The Honolulu Advertiser included Obama's birth in vital-statistics columns in August 1961 & it is available on microfilm in the main state library.
Why don't you slip down out of the clouds there and get a print of the relevant data off those films and make an image and post it here ?
This is an historic mission. Given the givens, I suggest you verify the microfilms are there with the librarian before you leave your perch. And go incognito.
[Edit]
- "...getting ready to go exponential ?" -- AU_NB, 19:19:38 -- Kip, 20:44:48 12/01/09 Tue
'bin rising exponentially since July (...in retrospect :)
[Edit]
- ... global warmin' myth finally busted .... -- BWP, 20:43:32 12/01/09 Tue
.... makes me wonder what they'll come up wif this time 'round ... it's gonna be somethin' ta do wif aliens fer sure ... stuff like that .... it's gotta be somethin' spectacular like that 'cause we know they lied 'bout everythin' else ... in any case, the next one is gonna be hugely entertainin' ... greatest show on Earf ... smo-o-o-o-kin' ....
[Edit]
- .... I'm gettin' a ton of emails askin' fer my next targets ..... -- BWP, 20:33:28 12/01/09 Tue
... OK, I hear ya ... $1867.43, $2117.31 and $3381.12 .... I can't see beyond that 'cause my visions don't go there ... I have ta live wif that ...
[Edit]
- ... we're goin' higher ... much higher .... -- BWP, 20:19:55 12/01/09 Tue
... gold excitement is buildin' and the media are in on it ... at some point in time soon, most investors will figger out that gold paper is also not the place ta be and they'll scream fer fizzicle ... then gold will go even higher ... ain't got a clue how long it'll last but me, I'm gonna sell at $3450 come hell or high water ... by then, CALVF should be at $.075 ...
[Edit]
- WOW PHILBOND007 RE the Raja post -- AU-RWG, 20:19:04 12/01/09 Tue
Why don't you just come right out and say what you mean!!!!
I agree with you on conviction. If you don't believe, you shouldn't play. You will only hurt yourself.
This is the largest Bull I have seen since 1982 when the 18 year stock market bull began.
[Edit]
- LSG.T- sold remainder of the LSG acquired as result -- lonestar, -- Deepbreather, 20:16:51 12/01/09 Tue
I like that move, Lonestar although LSG has nice upside potential. In fact, with GDX and GDXJ now available, it makes less sense to be buying individual PM stocks, especially with the flexibility allowed over mutual fund restrictions. I am still holding LSG having incrementally sold WTM prior to the deal being finalized.
[Edit]
- WAR PIGS! -- LilDevil (), 19:50:33 12/01/09 Tue
.
http://www.youtube.com/watch?v=4wwccDLfUV4
http://www.youtube.com/watch?v=BTRMZk-l_VY&feature=related
All together now:
War Pigs
Generals gathered in their masses
Just like witches at black masses
Evil minds that plot destruction
Sorcerers of death's construction
In the fields the bodies burning
As the war machine keeps turning
Death and hatred to mankind
Poisoning their brainwashed minds
Oh lord yeah!
Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role to the poor
Time will tell on their power minds
Making war just for fun
Treating people just like pawns in chess
Wait 'til their judgement day comes
Yeah!
Now in darkness world stops turning
Ashes where the bodies burning
No more war pigs have the power
Hand of God has struck the hour
Day of judgement, God is calling
On their knees the war pig's crawling
Begging mercy for their sins
Satan laughing spreads his wings
Oh lord yeah!
Last edited by author: Tue December 01, 2009 19:57:36
Edited 2 times.
[Edit]
- fingerprint calling two gold tops in a now -- BUFFORD, 19:52:35 12/01/09 Tue
he could be going for the record this year for top calling
[Edit]
- franco neveda .scotia presentation -- BUFFORD, 19:48:35 12/01/09 Tue
http://www.franco-nevada.com/files/Scotia_Presentation.pdf
[Edit]
- Raja: if I may -- philbond007, 19:45:40 12/01/09 Tue
Morbius is correct, and it's in your own post, put simply:
You're a man with no conviction;
So what good is asking for advice?
Without going into detail, I purchased my first "respectable" round of gold right near the bottom around $300/ounce. Because I'm convinced of gold's longterm trend, I "doubled" down after gold "tripled" around $900/ounce. My strategy is to "double" down again when gold "triples" from the $900 level, which will likely be viewed as "insane", just as my purchases at the previous levels was viewed as "insane".
How about them charts I post, well, quite frankly, they don't mean sh!t. Because of my conviction, I held my "core" position thru that major drubbing back in 2008. In hindsight, this was "ignorant" as feck, and anyone on this forum or elsewhere who tells you "buy & hold" in the stock market is a "great" strategy is fecked in the head. Yes Raja, I don't mean a little fecked in the head, I mean full tilt lying sack-o-sheet. Of course, this will offend some, but who really cares, it's the truth, and if it wasn't correct, then people like "Uncle Harry Shultz" wouldn't tell you "buy & hold" is a dumb feckin strategy.
Take Jimmy Sinclair for instance, he was throwing his love around at Uncle Harry, but as soon as Uncle Harry said "dump TRE", things changed. Ask yourself, what are the odds that you're going to hold the stocks which "happen" to "continuously" trend higher in the gold bull? Now anyone who tells you they just happened to have picked companies like "EGO" instead of companies like "KGC" in 2003 for instance, and therefore have benefited from a constant "uptrend" is an outright liar. So you buy KGC around $6-ish in 2003, and you don't sell near the top, and hold thru the 2008 drubbing, only to get back "near" that high is "not" a strategy. On the other hand, EGO faced the same drubbing, and not only came back, but continues it's "uptrend", but this wouldn't make the "buy & hold" strategy correct either, as witnessed by the 2008 drubbing.
So what's my point? First, don't get me wrong, guys like WileE, Apollo, AU_NB, etc... may very well be making money hand-over-fist, but they can't shove a lifetime's worth of experience into a couple posts. Now consider that gold's a unique investment, in the sense that you can buy the actual product yourself, as opposed to investing in a car company for instance. You're a logical fella Raja, and my point is the only real strategy you need is to put a "respectable" portion of your investment capital in "physical" itself. You see, "buy & hold" might work, but this assumes you "bought" the right stuff, and didn't "blink", in the "thick of it". Of course, "trade" might work, but this too assumes a good measure of "discipline".
However, the only thing you know for sure right now is anyone who's purchased physical is definitely making a profit. Moreover, seriously lousy news can come out in a heartbeat on a company and "voila", your profits just went back to break even. On the other hand, gold is gold, and a bird in hand's better than two in the pelt.
For fecks sake, if you "believe" that gold's going above $2,000/ounce, then what possible excuse could you have not to purchase around $1,000/ounce or less. Either there's no "conviction" on your part, or "greed" got the better of you, or perhaps both.
Bottom line, if you can't bring yourself to buy the physical, then you likely have no business investing in the sector. Physical rules, and all else is secondary, a crapshoot in the giant casino's we call the "markets".
[Edit]
- mudturtle - Old Business -- AU_NB, 19:41:46 12/01/09 Tue
http://www.voy.com/64855/1254442294.html
[Edit]
- Shorts on their knees @1203 -- duppy, 19:39:11 12/01/09 Tue
mo'please
dUp
[Edit]
- Live Gold in color -- AU_NB, 19:38:58 12/01/09 Tue
To watch in different time periods, move cursor to upper right corner and click on "Options."
http://www.stockmaster.in/gold.html
[Edit]
- Gold, the Comex and Exchange For Physical -- mudturtle (IS THIS OLD BUSINESS?), 19:36:52 12/01/09 Tue
"Some months ago a chap described changes in the comex rules for futures contract deliveries. Therein it was described that the EFP, exchange for physical, rules were amended to allow for delivery of GLD shares in lieu of bullion.
Well take a look at something new, at least for me, in Monday’s comex preliminary volume and open interest report. On page 3 of the attachment, notice that in addition to futures contracts listed under the EFP category, a new category is listed: “Delivery Cash Settled” = 2866 december gold contracts. Just so happens 2866 was exactly the number of delivery notices issued on FND as reported in the Nov 27 vol and op int report.
Conclusion: guess you can no longer get bullion via using comex contracts. This apparently is the next step in the evolution of gold trading."
http://jessescrossroadscafe.blogspot.com/2009/12/gold-comex-and-exchange-for-physical.html
[Edit]
- RIP - Front Running -- Submariner, 19:32:32 12/01/09 Tue
If Chinaman wants to up his gold holdings -- RIP, 13:07:46 12/01/09 Tue
...he will for sure be front run by NY hedge funds and investment banks.
Then....if Chinaman gets his gold.....the ultimate price still becomes decided in London and NY.
Lose lose.
*******************************************************
I don't understand what you are saying here.
Please explain.
[Edit]
- Delta - RMS news -- Iainmac, 19:25:56 12/01/09 Tue
http://www.stocknessmonster.com/news-item?S=RMS&E=ASX&N=175808
[Edit]
- ohoh...1202 -- duppy, 19:23:29 12/01/09 Tue
whiskey tango foxtrot
dUp
[Edit]
- $1200 - Hola Toro! -- Glyndwr, 19:21:10 12/01/09 Tue
Zzz...
[Edit]
- Norcini's Stairs Getting Steeper -- AU_NB, 19:19:38 12/01/09 Tue
Dan Norcini tonight
"I have included today’s price in the charts to give you a feel for where we will be if gold can maintain its footing above the $1200 level by month’s end. As you can see from the inflation adjusted chart, the $1200 level is quite significant which is why a battle is raging around it. Based on this inflation adjusted chart, a move above this level will put gold solidly above all of the major Fibonacci retracement levels associated with its monthly closing price. That would set it up for a run to near the $1,590 – $1,600 level which is not all that far off from Jim’s $1,650 number."
http://jsmineset.com/
But getting ready to go exponential ?
NOrcini's Stairs
[Edit]
- POG strong in Oz trading again -- Iainmac, 19:18:12 12/01/09 Tue
http://isht.comdirect.de/html/detail/main.html?hist=1d&sSym=GLD.FX1&DEBUG=0&sCat=IND&sIsin=n%2fa&sTab=bigchart&sWkn=n%2fa&type=CONNECTLINE
[Edit]
- “The leadership team.. are united and committed to the task at hand.” -- Earl, 19:10:08 12/01/09 Tue
.... and we're jest tryin' to hang' on to a paycheck as long as we can.
[Edit]
- Delta pic RMS moving nicely -- Iainmac, 19:04:41 12/01/09 Tue
http://finance.yahoo.com/q/bc?s=RMS.AX&t=3m&l=on&z=m&q=l&c=
[Edit]
- - -- faloffal (), 17:42:02 12/01/09 Tue
skinnee
you'll hear of death when we get closer to '59, so careful about whistling past graveyard, comrade
Last edited by author: Tue December 01, 2009 18:52:38
Edited 1 time.
[Edit]
- General Motors chief stands down -- P2_Lodge, 18:46:54 12/01/09 Tue
General Motors chief stands down
By John Reed in London and Tom Braithwaite in Washington
Published: December 1 2009 22:15 | Last updated: December 1 2009 23:06
General Motors said that Fritz Henderson was resigning as its chief executive immediately in a shock move that will see the ailing US government-controlled carmaker get its second new boss in less than a year.
Ed Whitacre, GM’s chairman, said that he would take over as CEO while the search for a successor took place and that he would now be working from GM’s Detroit Renaissance Center headquarters “on a daily basis.”
Mr Whitacre said that while “momentum had been building” at GM over several months on Mr Henderson’s watch, all involved agree that changes needed to be made.
“To this end, I have taken over the role of Chairman and CEO while an international search for a new president and CEO begins immediately,” he said. “The leadership team.. are united and committed to the task at hand.”
Mr Henderson’s resignation comes just five months after GM emerged from US government-supervised Chapter 11 proceedings and nine months after the US government’s autos task force sacked his predecessor, Rick Wagoner.
http://www.ft.com/cms/s/0/c50d9ef6-dec4-11de-adff-00144feab49a.html
[Edit]
- - -- faloffal (), 18:17:43 12/01/09 Tue
most expensive Indian paintings
http://www.theartstrust.com/big_investment_image.aspx
'birth 1955' is top $, go figure
Last edited by author: Tue December 01, 2009 18:39:11
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[Edit]
- - -- faloffal (), 18:29:30 12/01/09 Tue
raja
my daddy said to me long ago.. If you want to be like a gentleman, mimic the British. If you want to act intelligent, mimic the French, and if you want to swagger with riches, mimic the American. Unfortunately, i'm in a country, by birth, that is a confluence of those three countries. What comes out is a blend. I'm aggressive at the moment because of unemployment. fwiw
Last edited by author: Tue December 01, 2009 18:33:59
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[Edit]
- RAJA - Advice -- morbius (), 18:28:10 12/01/09 Tue
You keep getting it and keep ignoring it. Stop following Elliot Waves. Stop selling at the bottom. Buy bullion not bullshit, but if you must buy bullshit - sell it into strength and buy weakness. If you can't do this, you have no faith in gold. You might as well buy bonds.
And, of course, NEVER short anything. NEVER use margin.
Last edited by author: Tue December 01, 2009 18:33:12
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[Edit]
- @Roan @why do I think ???? -- mozel, 18:32:03 12/01/09 Tue
It just happens ...
[Edit]
- LSG.T- sold remainder of the LSG acquired as result -- lonestar, 18:31:30 12/01/09 Tue
of WTM consolidation, and picked up GDXJ
[Edit]
- Frus .. -- Delta-au, 17:02:43 Just watched it - excellent.. -- Glyndwr, 18:26:16 12/01/09 Tue
Thanks for the reminder. I missed it earlier amidst the melee today.
Repost of Frus' link for anyone same - http://video.google.com/videoplay?docid=-5576670191369613647#
Sure is one to bookmark and pass on..
Thanks, Frus.
[Edit]
- bbml -- Raja, 18:23:25 12/01/09 Tue
[Edit]
- Why the Barack Obama Birth Certificate Issue Is Legitimate -- mozel, 18:22:32 12/01/09 Tue
http://www.americanthinker.com/2008/11/why_the_barack_obama_birth_cer.html
[Edit]
- - -- faloffal, 18:21:38 12/01/09 Tue
http://www.most-famous-paintings.org/home-1-24-1-4.html
[Edit]
- faloffal, Miro -- Raja, 18:21:23 12/01/09 Tue
faloffal: Is it really necessary to criticize everybody? Does it make you feel good or superior? It is my understanding that gentlemen don't do things like that!
Miro: Thanks for the support. As you can see, I am fallable and need advice sometime. I see no harm in it. It does not make me feel inferior, but I wish to acknowledge that at least the following are a lot more knowledgeable that I: AU_NB, WileE, mugwump, Frustrated and some others who are willing to share their opinions. Please do post when you feel the time is approaching to stand aside.
[Edit]
- Seventh highest HUI close ever! -- Kitcotodd, 18:20:25 12/01/09 Tue
[Edit]
- El Toro.. -- Glyndwr, 18:14:40 12/01/09 Tue
Watch out - blood fury beginning to boil again.
[Edit]
- fraudulent cultural marxists deliberately deceiving the world on climate ... -- mozel, -- ROAN, 18:13:29 12/01/09 Tue
so why do you really think?
[Edit]
- Obamma will get the Time award......Do they ring a bell at the TOP? -- AZAU, 18:12:11 12/01/09 Tue
Ans:
No, but they do at the END.
[Edit]
- Obamma with peace prize in hand will tell the US public -- AZAU, 18:02:39 12/01/09 Tue
that the war will continue for 3 more years...
How very loathsome.
impeach now.
[Edit]
- Qualifications to Post -- forthecraic, 18:01:48 12/01/09 Tue
Repeat Post...If you have not tripled your $$$$$ in the last 12 months you probably need to consider posting elsewhere or keep quiet.
[Edit]
- can't nominate sub-humans .. -- Delta-au, 18:00:52 12/01/09 Tue
gotta omit skinty and his ripe uncle
[Edit]
- time person of the year........nominate Skinnee, .... -- AZAU, 17:59:28 12/01/09 Tue
Who gives a f*ck?
[Edit]
- climate science conspiracy to deceive: fact not theory ... text with photos -- mozel, 17:57:08 12/01/09 Tue
http://canadafreepress.com/index.php/article/17364
[Edit]
- - -- faloffal, 17:56:51 12/01/09 Tue
is the gig up on diamonds?
a few here understand the collosal price fixing scam
[Edit]
- - -- faloffal, 17:52:28 12/01/09 Tue
she comes across like diamonds, diamonds... remember that song?
DeBeers, investors DISCUSS possible stake sale
Globe and Mail, last weekend...
"South Africa's De Beers SA has discussed with its three shareholders - Anglo american PLC, the Oppenheimer family and the government of Botswana - the possibility of selling a stake ahead of a March deadline to refinance a $1.5 billion (U.S.) debt facility, Bloomberg News reported, citing two people familiar with the proposal. Two other options are also being considered:
Shareholders injecting funds into deBeers, and the lenders agreeing to refinance without any contribution from the investors.
London spokeswoman said the company 'is entirely confident about our ability to renew financing'
[Edit]
- Miro....yer a fly on a camel's arse -- RIP, -- Miro, 17:50:27 12/01/09 Tue
RIP, answer the question what position you hold in this market, and I don't care if it's even just $200, just tell me and stop talking nonsense. Put your money (if you have any you little boy) where your mouth is.
[Edit]
- morbius @ smart? -- RIP, 17:47:45 12/01/09 Tue
Not necessarily.
But mutual funds must work within a mandate.
The 5% rule still exists.
[Edit]
- RIP - BTW - Buying those bonds instead of gold -- morbius, 17:44:41 12/01/09 Tue
was really a smart move, eh?
[Edit]
- RIP - Yeah, I remember -- morbius, 17:40:07 12/01/09 Tue
He who dines last, dines worst.
[Edit]
- - -- faloffal, 17:38:39 12/01/09 Tue
thatz more like it Miro! give RIP shiet
Czechoslovakia was truest to stalin legacy, and turned out the best hockey players per capita!
if it was run out of Prague and not Moscow it wouldof been all different. Nowadays they just make lozza babies, real quiet like.
[Edit]
- morbius -- RIP, 17:37:17 12/01/09 Tue
You always smell crow.
Remember bonds?
[Edit]
- RIP - We shall see shortly.... -- morbius, 17:36:13 12/01/09 Tue
I can smell that crow.
[Edit]
- morbius -- RIP, 17:34:45 12/01/09 Tue
Sorry....can't agree.
The shorts are where you are least likely to look for them.
[Edit]
- RIP - The only thing Barrick has covered -- morbius, 17:33:52 12/01/09 Tue
is the media with several feet of bovine excrement.
[Edit]
- OOOhhhhhhhh and by the way -- Skinee, 17:33:46 12/01/09 Tue
When are all these deaths worldwide suppose to start from taking Flu shots.
Is skinee going to be right again as usual?
[Edit]
- RIP - The cat is out of the bag. -- morbius, 17:32:21 12/01/09 Tue
Anyone with a brain cell knows that the White Shoe Boys are short, naked short. The Asians don't want to force a default. They want to obtain the metal as quickly as they can. The actual price is relatively unimportant. They will let the Cabal defend their positions. They may even withdraw their bids for a period of time to tempt the Cabal to launch an attack (but the Asians will be waiting in the weeds). The White Shoe Boys better start scraping their bonus bucks together, because they are in deep shit.
[Edit]
- Miro....yer a fly on a camel's arse -- RIP, 17:31:55 12/01/09 Tue
Shoo.
Find a forum that suits your purpose.
[Edit]
- @the short position of the NYC/DC/London scamsters -- RIP, 17:29:37 12/01/09 Tue
LOL
Barrick has covered.
What more do you need to know?
[Edit]
- RIP, answer the question or shut up -- Miro, 17:27:21 12/01/09 Tue
have you ever invested in the market or hold any position, and if you did I would like to know what was it.
You keep talking, pissing and moaning but newer saying what positions you hold.
I can tell you what I hold, no problem, just don't run away you pussy!
[Edit]
- RIP - No -- morbius, 17:25:26 12/01/09 Tue
The Chinese will push the price up to the point that engenders the greatest sales volume in defense of the short position of the NYC/DC/London scamsters.
[Edit]
- morbius -- RIP, 17:22:33 12/01/09 Tue
So you agree...the Chinese are essentially short.
[Edit]
- Miro -- RIP, 17:20:34 12/01/09 Tue
Is there a time you have addressed me without using the word 'ass'?
Is it a Czech....or Slovak thing?
[Edit]
- RIP - The Chinese don't want to blow through $1200 -- morbius, 17:19:30 12/01/09 Tue
They want to accumulate. Remember the old maxima and minima problems from freshman calculus? The number of tickets sold being a function of price, the problem is to find the price that maximizes profit (not ordinarily the highest price).
http://www.math.ucdavis.edu/~kouba/CalcOneDIRECTORY/maxmindirectory/MaxMin.html
The problem for the Chinese is not to find the highest price for gold (or the lowest), but to find the price that will maximize the rate of transfer of bullion from the West into Chinese coffers.
[Edit]
- See ya'll -- Sherlock, 17:18:26 12/01/09 Tue
tomorrow...http://www.youtube.com/watch?v=xLd4FswUQro
[Edit]
- Here is Chinaman's big chance to blow through 1200 -- RIP -- Miro, 17:16:44 12/01/09 Tue
hey RIP, have you EVER traded or hold some position in these markets?
You are such an ass, knowing nothing but talking and talking. Did you even invest or trade, or do you just run your mouth 7x24?
You keep talking but did you ever put your money to what your mouth is saying?
[Edit]
- - -- faloffal, 17:10:00 12/01/09 Tue
good luck Raja, but your constant crying for handholding is rather pathetic, and unAmerican. You might want to buddy up with Miro, and between the two drive the new Trabant to see if it measures up to experience from olden days.
oh well, it's a TimeWave thing. When the time was ripe to choose Commie or Capitalism, as was clearly the case in 1956, India went Neutral and it cost them dearly.
Look for India to fuck up again,
thanks for the sounding board. You too Miro
[Edit]
- Any of you guys on that Facebook thing -- Skinee, 17:09:55 12/01/09 Tue
is that just for kids and Earl or what.
[Edit]
- THE CINDERS OF AYN RAND -- Sherlock, 17:06:23 12/01/09 Tue
HE LEGACY OF ALAN GREENSPAN...http://www.youtube.com/watch?v=kQES16MmFNI
[Edit]
- Here is Chinaman's big chance to blow through 1200 -- RIP, 17:05:43 12/01/09 Tue
LOL
[Edit]
- Frus .. -- Delta-au, 17:02:43 12/01/09 Tue
Many Thanks for the Global Warming video link ..
it's the best I've seen ..
..
[Edit]
- Raja, stay with it -- Miro (), 16:59:30 12/01/09 Tue
you'll do just fine. I don't give a damn about some eggspurt on this board saying "sell now by now."
I simply hold my position because I see that the trend is still up.
There are lot of assholes on this board trying to push their agenda and in a process confusing the real purpose of this board - investing in gold.They beat they chest saying
"I know" while they know the shit.
Don't pay any attention to that stuff and you'll do just fine
cheers.
Last edited by author: Tue December 01, 2009 17:02:17
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[Edit]
- - -- faloffal, 17:00:19 12/01/09 Tue
hey, RIP - Merkel the Amerken
thatz a great idea. Turn Kennedy around. Maybe by March when AstroGenesis TimeWave Quant-Time crosses at year 48
[Edit]
- faloffal -- RIP, 16:59:52 12/01/09 Tue
The Iranian protesters are rich, educated, and funded by Liz Cheney.
[Edit]
- Skinee, -- Carmack, 16:59:06 12/01/09 Tue
Sorry to agree but they not only control the $$$$ they "own" Abameramas ass !!!!!
[Edit]
- - -- faloffal, 16:57:14 12/01/09 Tue
iran protesters are first!
what? you mean the poor in the slums chanting 'god is great', to spite the mullah's.
the problems in iran are the same problems as anywhere: income bifurcation.
[Edit]
- Merkel will deserve an award -- RIP, 16:55:56 12/01/09 Tue
...when she tells the US to get the feck out of Germany.
[Edit]
- @ Merkel -- RIP, 16:53:49 12/01/09 Tue
What is a Merkel?
Another dollar derivative?
[Edit]
- IT'S BEGINNING (TO LOOK A LOT MORE RISKLESS) -- Sherlock, 16:51:11 12/01/09 Tue
http://www.youtube.com/watch?v=GzA9xaQaYEA
[Edit]
- - -- faloffal, 16:50:18 12/01/09 Tue
I'd say the momentum indicator for 'Women leaving' or 'Women having a fling' has turned positive. This might drive the men into doing or saying something rash. Financial country demographics, including Germany, are Very Bullish and you never know what could happen. I'd say watch Ang Merkel, she could dress down a couple of guys right now and she's a shoe-in for the Time award
[Edit]
- THE DOLLAR AND ITS DIVING -- Sherlock, 16:48:43 12/01/09 Tue
http://www.youtube.com/watch?v=0sbzZ4nNvuo&feature=related
[Edit]
- Carmack -- Skinee, 16:48:20 12/01/09 Tue
It is a dam good thing the Jews do control the money.
I would rather have them than Obama and his braindead commie Liberal socialists
[Edit]
- Just think -- Skinee -- Carmack, 16:46:36 12/01/09 Tue
Very true and they are just now getting over their chief pedophile /singer/dancer ! However a few more birdies to go !
[Edit]
- Federal Reserve -- Carmack, 16:40:57 12/01/09 Tue
ZIONIST JEWS CONTROL THE MONEY in America. Zionist Jews own & run the Federal Reserve Bank that the US government continually borrows from and is in debt to.
Napoleon said:
— “When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.” —
The Federal Reserve Bank is a consortium of 9 Jewish-owned & associated banks with the Rothschilds at the head:
$1. Rothschild Banks of London and Berlin
$2. Lazard Brothers Banks of Paris
$3. Israel Moses Seif Banks of Italy
$4. Warburg Bank of Hamburg and Amsterdam
$5. Lehman Brothers of NY
$6. Kuhn, Loeb Bank of NY (Now Shearson American Express)
$7. Goldman, Sachs of NY
$8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders)
$9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders)
[Edit]
- It's a feckin shame they couldn't get a pic -- RIP, 16:39:18 12/01/09 Tue
...of some Iranian taunting a tank.
Like Rachel Corrie and the bulldozer with her name on it.
[Edit]
- Hey there Obama -- Sherlock, 16:38:12 12/01/09 Tue
http://www.youtube.com/watch?v=3yUOq9wwXVI
[Edit]
- fallowfal -- Skinee, 16:38:10 12/01/09 Tue
wherever there is a union,there will be a loss of jobs.
[Edit]
- My Somali pirates are in last place. -- RIP, 16:33:57 12/01/09 Tue
Who is first?
Iran Protesters.
rotflmao
http://www.time.com/time/specials/packages/article/0,28804,1939691_1943685_1943686,00.html
Zionists rule!
[Edit]
- faloffal -- Raja, 16:30:58 12/01/09 Tue
What dent pdf? In any case, my roots have shifted to the USA since our children would never dream of going to live in India. With the population problem in India and the next door crazy muslims (Pakistan) with nukes, it is safer to be here in the US of A.
I have gotten used to the day-to-day amenities here.
[Edit]
- I would have voted for Goldman Sachs -- RIP, 16:29:35 12/01/09 Tue
But they weren't listed.
If I wanna be robbed.....do it to my face.
Goooo....pirates.
[Edit]
- - -- faloffal, 16:26:11 12/01/09 Tue
a vote for Somalia Pirates, RIP
is a vote for whatever the Brits call M15 these days.
but maybe thatz the point. Time Man of the Year: Spooks
[Edit]
- Who Will be Person of the Year 2009? -- RIP (), 16:17:57 12/01/09 Tue
I'm all for #6....on a pathetic list.
I hear they are now selling shares.
http://www.time.com/time/specials/packages/completelist/0,29569,1939691,00.html
Last edited by author: Tue December 01, 2009 16:19:16
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[Edit]
- - -- faloffal, 16:15:32 12/01/09 Tue
skinnee
they were disassembling Ontario breweries in the late 1980's and 1990's and shipping them to Africa.
lock, stock and barrel.
[Edit]
- Watch Al Gore Goons Use Force to silence Exposure of ClimateGate -- mozel, 16:14:01 12/01/09 Tue
http://targetfreedom.typepad.com/targetfreedom/2009/11/gore-goons-use-force-.html
DOWNLOAD THESE QUICKLY BEFORE THEY ARE CENSORED:
Al Gore confronted on Climategate in Chicago
http://restoretherepublic.net/Gary/vid/1151
ALTERNATIVE URL
http://www.youtube.com/watch?v=UjHAB62xKXI
Those who tell the truth use facts and evidence. Those who lie must use force and censorship.
[Edit]
- - -- faloffal, 16:12:58 12/01/09 Tue
Raja, got a chance read the Dent pdf?
Dent says India will outpace China in global boom after 2020. I can only imagine some of the cities by then. Dubai World will look like a Lego Set. My bet is British Somalia will be the new Riviera. Torrid zone peoples were never dumb, they just never had the proper tools to be productive.
[Edit]
- Dollar falls as Dubai worries fade, equities gain -- Sherlock, 16:11:34 12/01/09 Tue
By Deborah Levine & William L. Watts, MarketWatch
NEW YORK (MarketWatch) -- The U.S. dollar fell to its lowest level in 15 months against the euro and a basket of other major currencies on Tuesday as concerns about Dubai's debt problems faded and a gauge of manufacturing activity in China indicated the fastest pace of expansion in that country in five years, boosting equities....http://www.marketwatch.com/story/dollar-rises-versus-yen-after-special-boj-meeting-2009-12-01
[Edit]
- iRAQI SHOE THROWER GETS SHOE THROWN AT HIM -- Skinee, 16:08:31 12/01/09 Tue
http://ca.news.yahoo.com/s/afp/091201/world/france_iraq_media_shoe
[Edit]
- It's not so much a short squeeze.....as it is a China squeeze -- RIP, 16:08:01 12/01/09 Tue
Chinaman can continue buying US T-bills at 0%.....or take a chance and buy gold.
The longer US rates appear to hold near zero....the bolder the hedge funds holding gold get.
Look outside the friggin' box.
[Edit]
- So wy doesn't GM absorb Chrysler -- Skinee, 16:04:03 12/01/09 Tue
After all it is all a commie enterprise.
Made in America by scumbags and government
[Edit]
- Leading Indicators to Credit Contraction, Round 2 by Gary Tanashian -- Sherlock, 16:03:37 12/01/09 Tue
The junk bond etf HYG is a good indicator of the mood of speculators and their confidence in policy makers' ability to keep the inflation going because the fundamentals of the companies represented here boils down to the fact that money is created out of thin air (inflationary debt creation) and targeted toward keeping enterprises destined to fail, that should fail, alive. This is part of the wasteland where money goes for very unproductive means, other than to enrich speculators taking in interest income while playing a game of musical chairs with the public trust....http://www.safehaven.com/article-15167.htm
[Edit]
- Half Of US Debt Is Owed to Fed -- mozel (), 15:55:42 12/01/09 Tue
December 1, 2009
by Henry Makow Ph.D.
Chelsea Clinton's engagement today to Jewish banker Marc Mezvinsky, who works for Goldman Sachs, is another reminder that America is ruled by the Illuminati clan, joined by marriage, money and love of Lucifer.
The source of their power is the Fed which has pilfered the US government's credit card and used it to buy politicians and everything else worth owning, creating trillions in tax payer debt.
That money Ben Bernanke is throwing from the helicopter cost the Fed owners pennies but they expect the US taxpayer to refund face value. To be specific, the US National Debt is expected to reach $13 Trillion this year. That's about $44,000 for every man, woman and child in the US.
Almost six Trillion will be owed to the private Illuminati families who own the banks that own the Fed. For fiscal 2009, US taxpayers will cough up $380 Billion in interest, half of that to the Fed. By 2019, the cost of servicing the debt is expected to reach more than $700 Billion annually.
As you all know, billions were paid to these banks during the "credit crunch" so that they may now reward their lackeys with humongous bonuses. But as Goldman Sachs CEO, Lloyd Blankfein said, they "are doing God's work." Unfortunately, their God is Lucifer.
GUARDING THEIR 'INDEPENDENCE'
Ben Shalom Bernanke has warned Congress not to interfere with the Fed's "independence." In a veiled threat, he said it would "seriously impair the prospects for economic and financial stability in the United States."
This is a reminder that the US is the Illuminati's bitch, and should not get any other ideas, such as abolishing the Fed altogether and with it, six Trillion dollars in debt which they created out of thin air.
The American government is quite capable of accessing its own credit and creating its own currency.
The Illuminati bankers must be pleased with their investment in Barack Obama. The Federal government spent $3.5 Trillion during his first year in office, far exceeding any other first-year President. Of that $1.4 Trillion is deficit, and half of that is owed to guess whom.
The other half of the US debt is owed to countries like China, Russia, UK and Japan, oil producing countries, states, offshore banks, pension funds, insurance companies and mutual funds.
VAMPIRES
If its any comfort, in relation, the US is the world's 20th largest debtor in proportion to GNP. In other words, the same Illuminati families have their teeth into many other countries.
For example, the US deficit is estimated to be 94% of GDP. In Germany it's 178% ($63K per person); France is 236% (78K per person); and UK and Switzerland are %40% and 422% respectively ( $140K & $176 K per person.)
So you see, the Illuminati bankers have limitless wealth and all they lack is unlimited power, a problem which "world government" will address. Then, no Congress will even attempt the charade of challenging the Fed's "independence."
---
Last edited by author: Tue December 01, 2009 16:01:47
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[Edit]
- fraudulent cultural marxists deliberately deceiving the world on climate ... -- mozel, 15:59:16 12/01/09 Tue
http://climaterealists.com/index.php?tid=11
[Edit]
- Yep....BBC will set you free -- RIP, 15:54:47 12/01/09 Tue
As free as all those Brits who can't take a crap without a camera on them....lol
[Edit]
- The best thing Ford has going for it....is Chrysler is toast. -- RIP (), 15:50:01 12/01/09 Tue
It's a last man standing kinda thing.
The Chrysler car brand will never be revived.
Poor Fiat.
Last edited by author: Tue December 01, 2009 15:52:24
Edited 1 time.
[Edit]
- Investors flock to Canadian dollar -- Sherlock, 15:51:52 12/01/09 Tue
Tavia Grant, The Globe and Mail
December 01, 2009
The Canadian dollar hit a six-week high Tuesday as rising commodity prices and a renewed appetite for riskier assets sent global investors flocking to the currency...http://www.bnn.ca/news/14138.html
[Edit]
- - -- faloffal, 15:49:47 12/01/09 Tue
gold high price 1980 = $850
and she hits $1200 today
this CENTROID moment brought to you by VISA, and Harry Dent, Jr's 29/30 commodity cycle
see chart 3
http://www.hsdent.com/tgca_pr.pdf
[Edit]
- Just think -- Skinee, 15:49:40 12/01/09 Tue
If Tiger Woods would have got killed in the accident.
We would not know what was going on in the rest of the world for a month if we all had American News
Thank God for the BBC
[Edit]
- Ford -- Skinee, 15:45:44 12/01/09 Tue
They will issue more stock to cure the debt.
It will temporarily drive the price of the stock down and I will buy more.
The unions will not eat Ford because Ford is going where the braindeads are not.
Nobody has to make cars in Detroit.
[Edit]
- Skinee @ child bride just came home from golf -- RIP, 15:44:58 12/01/09 Tue
Hope she isn't carrying Tiger's 'rescue' club.
[Edit]
- US May Raise Rates Before Jobs Recover: Fed's Plosser -- Sherlock, 15:42:51 12/01/09 Tue
By: Reuters
The Federal Reserve must be prepared to raise interest rates if necessary before the jobless rate has fallen to "acceptable levels", or risk losing its inflation-fighting credibility, a senior Fed official said on Tuesday....http://www.cnbc.com/id/34224241
[Edit]
- Never mind -- Skinee, 15:42:01 12/01/09 Tue
child bride just came home from golf
Problem fixed
[Edit]
- MichaelH -- Raja, 15:41:49 12/01/09 Tue
Too late to cancel order. We have a water filter system attached to the water supply to take out chlorine and, I assume, other organic stuff. We also maintain a decent supply of a variety of beana and whole wheat flour. My wife makes bread at home and she is a very good cook.
It has taken me a long time to understand that we can have deflation (in the economy) and hyperinflation is all asset classes because of the world-wide printing presses running around the clock. Considering that governments don't have a choice (who can plan on taking pain? A fat national population proves that discipline is virtually impossible), we would put ourselves out of business as all other civilizations have done before. If, and when thing get really dicey, neighbors might not just be envious but demand to share what we have. And we will. Thanks for writing.
[Edit]
- Raja... -- MichaelH, 'paper will burn' -- Glyndwr, 15:41:42 12/01/09 Tue
This from a guy who said he was selling his sliver for toilet rolls (due to 'unique' Astro system..) in 2001.
Leave advices to Raja to others fella..
[Edit]
- The leaked emails from the University of East Anglia will not affect -- mozel (), 15:14:40 12/01/09 Tue
the UN's advice on global warning, said Rajendra Pachauri, chairman of the UN's climate change body.
Published: 10:30AM GMT 30 Nov 2009
--------------------------
Political currency buys political science ...
this is in-your-face systemic fraud ...
thought salad produces fraud salad produces word salad ...
Last edited by author: Tue December 01, 2009 15:41:33
Edited 1 time.
[Edit]
- US Gold -- Sherlock, 15:40:47 12/01/09 Tue
I thought of buying earlier, glad I didn't. It's a turkey.
[Edit]
- Market mechanics are all about finding a bigger fool. -- RIP, 15:38:45 12/01/09 Tue
You heard it here....but not first.
[Edit]
- only Earl will know -- Skinee, 15:35:47 12/01/09 Tue
[Edit]
- ... just what the doctor ordered ... -- BWP, 15:35:22 12/01/09 Tue
"Dec. 1 (Bloomberg) -- New issues of Build America Bonds, the type of subsidized taxable debt Massachusetts is offering today, may rise 40 percent from this year’s monthly average to total $110 billion in 2010, JPMorgan Chase & Co. said."
.... yeah, just what 'Merka needed ... more paper ... more debt ... no sane country does this wifout knowin' somethin' that we all don't ... there's gotta be more to the debt story than what they're sayin' ...
[Edit]
- Help -- Skinee, 15:35:19 12/01/09 Tue
is it were the taxpayer or where the taxpayer
[Edit]
- @ Did Tiiger Wooods Worry About ... -- MoreGold (), 15:34:30 12/01/09 Tue
How the 4X4 Axel was turning on his Cadilac SUV when he was hightailing out of his driveway???
No.
He was worried about the Golf Club coming at his head.
Last edited by author: Tue December 01, 2009 15:35:05
Edited 1 time.
[Edit]
- @ mechanics? -- RIP, 15:28:29 12/01/09 Tue
It's all about mechanics.
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- @ RIP ... -- MoreGold (), 15:27:05 12/01/09 Tue
Why do you worry soo much about the mechanics???
Who Cares...
GOLD is going to the Moon. Thats the bottom line.
The rest is good entertainment, mixed with good bullshit...
Last edited by author: Tue December 01, 2009 15:28:18
Edited 1 time.
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- Raja... -- MichaelH, 15:26:59 12/01/09 Tue
paper will burn - all of it. Get a few ounces of silver at least. And a good store of hummus (I like Fantastic Brand instant hummus) and maybe a 50 pound bag of organic wheat and a good grinder and a water purifier. You'll be the envy of the neighborhood. If not that, you'll be glad to have bread and hummus to spread on it.
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- @ FORD ... Too Much Debt ... -- MoreGold, 15:24:36 12/01/09 Tue
The Co. will be fed to the Unions to operate...
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![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
