To send feedback,report a beta bug, or request a code for a login ID, please use
this form and we will try to address the issue as quickly as we can.
We are looking for moderators for this forum. If you want a quality forum, and you feel your fellow posters will respect and support you as a moderator, please step up and volunteer. If you are interested in this, please use this form and describe yourself a little.
We are still having issues with Hotmail sending our mail to their junk/spam folders. If you've requested a code in the past and never received one, please request again with an alternate email OR make sure you check and approve our address in your spam folders/filters. If you still experience problems, please email us through this form describing the problem.
nice snow in houston- pics -- mugwump, -- Carmack, 19:04:09 12/05/09 Sat
Is that what you weiners call snow ????? Thats only a mere skiff !!!
-- -- Winston, 19:00:16 12/05/09 Sat
Denninger's rumor (cited earlier) repeated in Bloomberg story:
U.S. Treasuries’ Biggest Overseas Buyer May Sell
By David Wilson
Dec. 4 (Bloomberg) — Speculation that the Japanese government plans to sell $100 billion of U.S. Treasury debt to pay for domestic spending may impede the Obama administration’s borrowing plans. http://jsmineset.com/ [scroll way down]
Gold fund top over 10 years -- Iainmac, 18:46:34 12/05/09 Sat
BlackRock Gold & General has returned 732pc as the gold price has increased from just $220 an ounce in 1999 to a new record high of $1,225 an ounce this week.
In 1999 the fund was worth £70m now it is worth more than £2bn. Although performance would have played a part in its growth, BlackRock says new money has played a huge role too – it has regularly been a top seller in the second half of the decade.
Here's one for you Palin lovers -- crazytimes, 17:23 -- Goldfish, 18:07:00 12/05/09 Sat
I'm not a Palin lover, but I enjoy learning more about how 'groomed' Romney lost out.
BTW... I knew he was being 'groomed' the minute they put him in as titular head of the Salt Lake City Olympics.
Six US banks failed this week -- Trinovant, 17:46:15 12/05/09 Sat
Six more US banks failed this week.
Greater Atlantic Bank, Reston,
Benchmark Bank, Aurora
AmTrust Bank, Cleveland
The Tattnall Bank, Reidsville
First Security National Bank, Norcross
The Buckhead Community Bank, Atlanta
The numbers are much larger if you count up all the branches of all the banks, and according to the University of California-Davis, in the 1930s the U.S. had a low number of branches per bank (almost 1). Thus the number of bank failures reported today is lower than in the 1930s, but the number of branches lost is more comparable, because the number of branches per bank today is larger than in the 1930s.
Here's one for you Palin lovers -- crazytimes, 17:23:11 12/05/09 Sat
Who wanted Palin on the ticket and won out over Romney, Karl Rove's pick? Who was Palin's promoter?
It turns out none other than William Kristol, A Neoconservative
@ Italian police seize secret stash of masterpieces worth $150 million -- MoreGold, 17:21:13 12/05/09 Sat
Italian police seize secret stash of masterpieces worth $150 million
By Frances D'Emilio, The Canadian Press
ROME - Italian tax police said Saturday that they had seized works by Van Gogh, Picasso, Cezanne and other giants of art in a crackdown on assets hidden by the disgraced founder of the collapsed dairy company Parmalat.
Authorities estimated the 19 masterpieces stashed away in attics and basements were valued at some $150 million US.
Parma Prosecutor Gerardo Laguardia said that, based on wiretapped phone conversations, officials believed at least one of the paintings was about to be sold.
Moribuis -- Skinee, 16:48:31 12/05/09 Sat
Yeah I was reading that a few weeks ago, that is a older article. It was very few cases but they rake no chances.
When are the thousands of people going to start to die from taking Flu shots as often reported from the Bughouse
Yo..... Skin... -- morbius, 16:30:46 12/05/09 Sat
Health officials across Canada are being asked to hold back a batch of swine flu vaccine that appears to be causing higher rates of severe allergic reactions.
Paper and digital currency cannot be coined because a coin is a three dimensional object -- mozel (), 14:14:52 12/05/09 Sat
that can be held in the hand.
Congress has violated the Constitution, by circumvention, by enabling the Federal Reserve to do in international law in the federal reserve districts by Acts of Congress what it cannot do itself, domestically, in the several States by laws of the United States.
Were it not for Talmudic, duplicitous, doubleminded, doublespeak opinions by the Jewdiciary, the illegitimate acts of Congress would be recognized for the bastardy which they are.
Last edited by author: Sat December 05, 2009 15:25:49
Edited 2 times. [Edit]
@Winston @Who will tell the people ??? -- mozel, 15:23:56 12/05/09 Sat
[Edit]
Hell's bell's... where does one expect the largest move? -- MichaelH, 15:14:54 12/05/09 Sat
at the end of a parabolic move. This is about where we are. No other place but there.
--The Democrats have become brownshirt Republicans. -- Winston, 15:13:40 12/05/09 Sat
Paul Craig Roberts
Despite Democratic majorities in the House and Senate and the ease with which Obama won the presidential election over McCain/Palin, the Democratic Party has totally collapsed. The Democrats have abandoned every constituency. Democrats have discarded the American people. Democrats, in pursuit of campaign contributions, represent the moneyed interests on Wall Street, the munitions companies, the insurance companies, the agri-businesses that have destroyed independent farmers, despoilers of the environment, unaccountable police, and the builders of detention centers. The exception is Rep. Dennis Kucinich.
Gold Volatililty - A Look Back -- AU_NB, 14:33:49 12/05/09 Sat
Pulled this weekly chart off of my old computer's file. Volatility before and during Gold's 1979-1980 parabolic move. From an Article on GoldSeek.com:
@"The Process of the paradigm thus has no other purpose than to produce -- mozel (), 12:51:52 12/05/09 Sat
the pyramid's Eye, whose light is darkness"
---------------
The Process of the paradigm is none other than The Hegelian Dialect, in other words.
"This is a New Paradigm" overtly and boldly announced the process for all with ears to hear and eyes to see.
Last edited by author: Sat December 05, 2009 14:21:40
Edited 1 time. [Edit]
- -- faloffal, 14:01:11 12/05/09 Sat
is there any gold in V.Thapar's book? Glad you ask.
The theme is animals, and so we see
golden Cat
golden Langur (monkey)
golden Mahseer (salmon)
golden Tree Snake
I'll summarise the Mahseer for the lobby and for posterity:
"The mahseer devours small fish with relish, but is actually ominvourous and also eats weeds, grasses, bamboo seeds, snails, aquatic insects, lavrae and crabs. Unlike other carnivourous fish, it has no teeth to held its prey, but it has thick lips for sucking soft material. The mahhseer's feeding habits make it an effective agent for weed control, so it holds an important place in the river systems of India. It is also a vital foodstuff for many different predators, including fishing eagles, otters and crocodiles" pg 86
- -- faloffal, 13:50:38 12/05/09 Sat
goldfish, I'm looking at a picture of the goddess Durga, riding a Tiger. She has 8 arms. In one of those arms, the foremost left hand, she is holding the head of a black man (by the hair). The caption reads: 'The goddess Durga riding her vehicle the tiger, which was regarded as the most powerful creature on land. Together the goddess and her vehicle could destroy evil and bring light on earth.'
It makes sense then, that Tiger Woods is indeed an important Archetype, worthy of the highest state security. The events of the last few weeks are undoubtably (imo) a carefully measured attempt to influence the Hindu and Muslim reproduction behaviour the next year. I mention yesterday the Transit of Venus, you may recall, it is during the 6th year of the last transit, 1880 that saw the collapse of fertility rates in the afluent countries of Europe. My contention with TIGER and the Current Transit of Venus, is that we are about to see a replay.
- -- faloffal, 13:41:16 12/05/09 Sat
"Tigers are guardians of the forest. They provoke myriad images: provider, protector, guardian and intermediary between heaven and earth. Tigers are depicted carrying princesses on their backs growing wings in order to travel great distances to cure and heal, turning white to become part of the Milky Way and thus keep a protective eye on the Earth. Fighting dragons to create rain, changing into men and back again, fighting evil so that mankind can love and reproduce. People have looked to them to prevent disaster, regenerate life and provide balance, peace and fertility. No other animal has so much attributed to it."
"In the area north of Bombay* inhabited by the Warli tribes, paintings are still made that show the tiger as a natural part of life. The Warlis have always believed in the tiger god, Baghadeva. There are carved wooden statues of the tiger all over their land, many of them phallic symbols, reflecting the tiger's importance as the bringer of fertility. The Warlis regard the tiger as 'the greatest of all gods. The other gods are there only because of him'"
Something for the ElinNordegren:
"The supreme goddess, Durga, is always depicted riding a tiger. Bringing light and peace to the Earth, Durga, whose name means 'beyond reach', is the feminine force or 'sakti', created by the gods to combat the evil male power that has percolated through the world. The image of Durga riding her tiger is omnipresent across India"
- -- faloffal, 13:14: -- Goldfish, 13:40:13 12/05/09 Sat
I just wanted to let you know that I really enjoy your posts re cycles & astrological info. Thanks!
(Saturn pounded the crap out of me the last 2 years and I am now a TRUE believer and thank goodness I don't have to go through that again for another 29 - 30 years!)
one minute idiotic video -- Goldfish, 13:34:28 12/05/09 Sat
One of the 'elves' even showed this on his tv program yesterday. I forget what/who I was watching at the time...
It watched for a minute until I figured out it wasn't another clever jib jab film.
- -- faloffal, 13:14:04 12/05/09 Sat
Tiger Woods and Year of the Tiger
Among the interesting aspects of Tiger Woods, we have Year of the Tiger next on the horizon.
"Land of the Tiger" a Natural History of the Indian Subcontinent, is a book by Valmik Thapar. In this tome he chronicles the Indian national animal. It is a region where both Lions and Tigers reside, (if anyone is looking even further ahead to Year of the Cat, 2011)
The Tiger,
the top of the food chain.
in Mythical lore, Muslim and Hindu, revere the tiger:
Creator of rain, stopper of droughts. Be good to the tiger and you will have success growing food. Tigers keep nightmares away. Here's an amazing quote....
"Allah gave the tiger as protection to his followers and that anyone who transgressed the commands of Islam would be punished by the Tiger." pg14
bears repeating (yogi, boo-boo) -- 2bro2b -- Goldfish, 13:11:11 12/05/09 Sat
Yes, a great read!
Another article that comes out just as the $ jumps up in value. Its almost like the PTB make the $ move just to 'prove' such folks wrong. (or support Bernanke's reappointment)
Lordy, I don't trust any public person or thing any more.
TOKYO, Dec 4 (Reuters) - The world's largest silver-backed exchange-traded fund, the iShares Silver Trust (SLV), said its silver holdings rose 113.05 tonnes, or 1.2 percent, from the previous business day to 9,514.35 tonnes as of Dec. 3.
If trust holdings are Bullion in entirety, this amount appears to be greater than the combined production of the top three world producers for the year 2008.
Peru 3 685 tonnes of silver
Mexico 3 000 tonnes of silver
China 2 600 tonnes of silver
Wall Street Buys The New Deal -- mozel, 12:44:51 12/05/09 Sat
B.M. [Bernard Baruch] played a more effective role. Headquarters just didn't have any money. Sometimes they couldn't even pay the radio bill for the candidate's speeches. They had practically nothing to carry on the campaign in the critical state of Maine. Every time a crisis came, B.M. either gave the necessary money, or went out and got it.
Hugh S. Johnson, The Blue Eagle from Egg to Earth (New York: Doubleday, Doran, 1935), p. 141. On FDR's campaign in 1932. http://www.reformation.org/wall-st-fdr-ch8.html
"It was a bright day in April, and the clocks were striking thirteen ." -- mozel (), 23:44:19 12/04/09 Fri
-- the first line of Orwell's 1984 image showing relation between Six Pointed Star formed by two triangles and the number 13
Last edited by author: Sat December 05, 2009 12:40:59
Edited 6 times. [Edit]
It fixes the basic money market interest rate, known as the federal funds rate -- Goldfish, 12:35:18 12/05/09 Sat
I recently got my Series 7 license (yes, sponsored by a brokerage company, because you have to be sponsored, you can't just get the license on your own, which I find interesting)
Anyway, in the study material it was pointed out that the Fed does not set any rate but the discount rate. The FFR is a target rate dependent on what the banks do. So... the Fed adds/removes $$ to 'coax' the FFR to be close to its target.
Take heed ... -- mozel (), 12:26:54 12/05/09 Sat
"Thus, when the two circles, signifying opposite principles, join to produce the vesica pisces, the Eye is formed. Thus, when the two triangles of Solomon's Seal are joined, the center space, where the Eye is located, is formed. Thus, in the acronym IAO, when the 'I', representing the penis, joins with the 'O' representing the vagina, the dot in the circle, the Eye is produced, which is the 'A', the cone, which, when viewed from above, looks like the dot in a circle, the retina of the Eye. And so it goes. The Process of the paradigm thus has no other purpose than to produce the pyramid's Eye, whose light is darkness, i.e., sin, in which case, since the process of yoking good with evil is simply the process of corrupting that which is good, we see how the process is not only needful to generate the Eye but needful to give it "light", so to speak, or vision.
From a Christian and practical perspective, this practice of yoking good and evil together simply results in the corruption of good." http://sealofsolomon.tripod.com/
The light of the body is the eye: therefore when thine eye is single, thy whole body also is full of light; but when thine eye is evil, thy body also is full of darkness.
Take heed therefore that the light which is in thee be not darkness. - The Holy Gospel of Jesus Christ According To Luke
Last edited by author: Sat December 05, 2009 12:30:35
Edited 1 time. [Edit]
bears repeating (yogi, boo-boo) -- 2bro2b, 12:21:08 12/05/09 Sat
Ben S. Bernanke doesn't know how lucky he is. Tongue-lashings from Bernie Sanders, the populist senator from Vermont, are one thing. The hangman's noose is another. Section 19 of this country's founding monetary legislation, the Coinage Act of 1792, prescribed the death penalty for any official who fraudulently debased the people's money.
Of no intrinsic value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion's worth of currency in circulation is in the possession of foreigners.
You get the strong impression that Mr. Bernanke fails to appreciate the tenuousness of the situation—fails to understand that the pure paper dollar is a contrivance only 38 years old, brand new, really, and that the experiment may yet come to naught. Indeed, history and mathematics agree that it will certainly come to naught. Paper currencies are wasting assets. In time, they lose all their value. Persistent inflation at even seemingly trifling amounts adds up over the course of half a century.
The Fed's M.O. is price control. It fixes the basic money market interest rate, known as the federal funds rate. To arrive at the proper rate, the monetary mandarins conduct their research, prepare their forecast—and take a wild guess, just like the rest of us. Since December 2008, the Fed has imposed a funds rate of 0% to 0.25%. Since March of 2009, it has bought just over $1 trillion of mortgage-backed securities and $300 billion of Treasurys. It has acquired these assets in the customary central-bank manner, i.e., by conjuring into existence the money to pay for them. Yet—a measure of the nation's lingering problems—the broadly defined money supply isn't growing but dwindling.
the Bank of Bernanke fosters a kind of alternative financial reality. Let the buyer beware—of just about everything.
Congress no longer "coins" money and regulates the value thereof. Rather, it delegates the work to Mr. Bernanke, who, a noted student of the Great Depression, believes that the cure for borrowing too much money is printing more money.
There's one more thing: Return to the statute books Section 19 of the 1792 Coinage Act, but substitute life behind bars for the death penalty. It's the 21st century, you know.
Goldfish -- WALIAC, 11:55 -- Goldfish, 12:17:04 12/05/09 Sat
That's very interesting. I like it! It certainly makes sense, especially for the repeat offenders.
I sure know of some folks who would have been hauled off under that approach, but weren't at the time.
PS I'm not in FL and I'm not talking about myself, or anyone in particular... just observations based on friends over the years...
Don't about FL law, but here there has to be an arrest whenever police are alled to a domestic. They got sick of being called just to listen to a couple of drunks argue, or being accused of having left the aggressor there to do it again or worse, so now they just who they think has done the most damage and adorn the cuffs.
Gold will be a currency when it is again the collateral for official notes. -- mozel, 11:52:46 12/05/09 Sat
Not before. Not every financial asset is current, that is circulating. None of the US gold coins are today current, according to current law. The jewdiciary have talmudically subdivided legal tender into current and circulating and not current and not circulating. Read the Kahre trial transcript, if you don't believe me.
F6 @ Rick's picks.........13 day ema sounds like -- BUFFORD, 11:37:13 12/05/09 Sat
a godd place to add
FranSix 12.04.09 at 8:25 pm
Well, it seems that we have reached our rally point with a reversal of the silver/gold ratio, a stamp of authenticity on the reversal with a credit market default in Dubai, and that the moves in gold prices reflect the same moves made in the last run up. Of course, a ‘true’ reversal of the silver/gold ratio would probably come with the longterm monthly target of +$1500/oz. range. These numbers correspond with Jim Sinclair’s. What happens afterwards in anybody’s guess. I assume that gold prices in monetary terms will be making their adjustment with their real price.
I know there are some women who batter -- Goldfish, 11:36:04 12/05/09 Sat
Yes, according to what I have read. However, I think it is pretty rare. I think any guy that stays in that kind of situation has other emotional problems. Of course, the same thing could be said about battered women too.
I'm test driving my new wireless server -- Goldfish, 11:27:35 12/05/09 Sat
I just received it and set it up last night. My air card just didn't get a good enough signal (even with an antenna) where I like to sit in the house. My son, while visiting for Thanksgiving, found a better signal strength spot across the house and suggested I get a wireless server to plug my air card into. This is MUCH better.
About Tiger... -- Goldfish, 11:22:52 12/05/09 Sat
probably because the guy is usually bigger than his wife = not fair.
That's my guess, though I know there are some women who batter their husbands.
Greg Hunter: -- AZAU, 09:12 -- Goldfish, 11:07:31 12/05/09 Sat
I think the best thing the KY Sen is doing is to push to get the audit the Fed bill passed before they vote on Bernanke.
One thing I keep wondering about: Somehow, when the little woman goes off after having caught the dirty louse with his hand in the cookie jar, everyone gets a chuckle, but had the situation been reversed, there would have been an arrest with serious consequences involved. What's up with that?
CBC - The Fifth Estate - The Unofficial Story - Pt 1-5 -- Caper, 10:15:14 12/05/09 Sat
The Unofficial Story
November 27, 2009 08:22 PM | Posted by the fifth estate
Eight years after the events of September 11th, opinion polls show that a majority of Americans believe the Bush administration had advance knowledge of those attacks and in one way or another allowed them to happen. And polls show that one Canadian in three believes that, too. Bob McKeown interviews some of the leading proponents of conspiracy theories to try to understand some of the unresolved issues and to ask: why?
snow in texas and georgia -- skys39 (), 10:02:10 12/05/09 Sat
must be that global warming thing
lol
Last edited by author: Sat December 05, 2009 10:02:48
Edited 1 time. [Edit]
The Trading Frenzy intensifies as there is no real production to back it up... -- AZAU, 10:02:29 12/05/09 Sat
Goldman Sachs likely can run the price of many things up and down at will...as can China, et al. This leads to extreme non-capitalism. It is the epitome of fraud, since there is always the government/peoples debt to back them up if they fail. But they reap titanic profits from this trading.
Look at the POG. Big players can extract unlimited profits from the economy. But they economy will eventually collapse in true Monopoly style, since the few end up with everything. The many can no longer play.
Valuing gold independent of fiat currencies -- Dabchyk, 10:00:03 12/05/09 Sat
Dabchick Gold Index figures [London trade. ( Basis : Jan 1982 = 100 )] for the past week:-
High - 217.7 Low - 205.4 Close - 209.5 for the week ending 04 Dec 2009
NB The index is a ratio of the change in the Real Value of Gold relative to what it was in January 1982. The calculation has incorporated the real value of the USD's trade-weighted index (the inflation-adjusted $TWI). This enables the index to show the real changes in gold's value since 1982, regardless of fiat currencies, by discounting the unreal price-raising effects which governments can cause to the fiat price of anything by the debasement of their fiat currencies.
Fake CDC malware -- moonshot, 09:45:04 12/05/09 Sat
H1N1 malware epidemic is more contagious than real deal
Malware authors are impersonating the CDC in a new scheme to propagate a trojan horse. Fraudulent e-mails sent by a botnet claim that the recipient must register for a fake state vaccination program but really link to a malware-infested phishing website.
the Moral Hazard has become that the Banksters and Bailout Bunch (government lackeys) -- AZAU, 09:23:11 12/05/09 Sat
have made the false assumptions that governments cannot take on too much debt, and are a bottomless reservoir for backing up fraud and failure in the financial systems. This hypothesis has never been correct in history; in fact the US model comes closest to it.. But, ultimately governments do fail, witness Zimbabwe, where, although their govt is corrupt and tried to back up their fraud and failure, it did not work. They have fallen into debt abyss, and use gold and US dollars for currency. Ultimately when the US dollar fails due to the debt abyss it itself is creating, the only backup will be gold. The Euro Weenie Ruse has obviously not worked as the circle-jerk partner for passing along failure and as a backup currency. And Japan is now failing with its debt reservoir, too. So although there is no limit to the attempt to enlarge the debt abyss, governments do in fact reach some un-quantifiable, yet real limit.
My list of probable sovereign failures posted last few weeks did not include Japan, -- AZAU, 09:16:37 12/05/09 Sat
which stoically tries to absorb more US debt, as the loyal war spoil (WWII) and US Whore that she is. Denninger correctly observes that this may have reached some capacity limit and disgorgement (Puke) point:
___________________________________________
Here It Comes... (Sovereign Treasury Sales)
Karl Denninger
Market Ticker
Dec 4, 2009
I have repeatedly warned that there's an "end game" coming if we do not cut out the monetization games.
I have repeatedly warned that the "end of the world" scenario comes about if The Government cannot finance its operating requirements (e.g. interest cost exceeds income), as that event will result in an instantaneous "death spiral" of credit downgrades and ramping CDS spreads, which in turn drive up interest rates further, etc.
I have repeatedly warned that if we do not get our own house in order others will force it upon us, as we have given them the weapons to do so by selling trillions of dollars worth of Treasuries to overseas sovereigns and institutions over which we can exert no control (except by threatening to use our 6,000 nuclear weapons.)
This morning there's a nasty rumor on the wire - that Japan may be intending to sell US Treasuries.
Their purported reason for this, of course, would be to weaken the Yen. Selling Treasuries would have this effect since it would strengthen the dollar, and in a fiat monetary system all values are relative.
Here's the problem: The first seller wins in these circumstances, since price is essentially "coupon x duration."
If Japan starts selling in size, rates on the long end will go materially higher. This will whack the daylights out of the cash price for these bonds. Who else has a lot of these things? China.
Stampede risk here? Yep.
Danger to our government's ability to finance its profligate spending?
Greg Hunter: -- AZAU, 09:12:29 12/05/09 Sat
Republican Jim Bunning from Kentucky, on the other hand, couldn’t have given a colder reception if he greeted Bernanke in the North Pole. Bunning said, in part, “Rather than making management, shareholders, and debt holders feel the consequences of their risk-taking, you bailed them out. In short, you are the definition of moral hazard.” Bunning, a former Major League pitcher, hurled another fast ball at Bernanke’s head when he said, “Because you bowed to pressure from the banks and refused to resolve them or force them to clean up their balance sheets and clean out the management, you have created zombie banks that are only enriching their traders and executives.” Senator Bunning vowed to do everything possible to stop Bernanke’s nomination and to “end the Fed’s failures.”
skinnee, I am sure by now that noone here expects you to figure anything out, ever, -- AZAU, 09:05:25 12/05/09 Sat
since your mental condition seems not only permanent, but degenerate as well. The truth is that the liberal commies, as you call them, see no hope from the blood sucking capitalists that continue to destroy all the middle class, and are even working on the poor to extract more from them. The uber-capitalists and their bankster offal must now work 24X7 to keep this scam going, because it is collapsing from the fraud and debt that they continue to push onto the middle and lower class. They call that debt their profit, however, to fool folks like you into thinking they produce, or do something useful.
Martin Armstrong - We Won! -- Romanov, 08:56:09 12/05/09 Sat
Can you believe it? In the face of overwhelming pressure from YOU, the Department of Prisons backed down and agreed to keep Martin where he is! My understanding is that they just want to make the calling STOP!
Thank you to everyone who did, you may have just saved him from a terrible fate. I hope everyone realizes how RARE this event is. The Prison system is used to working in SECRET and they do stuff like this all the time according to my sources. Well, we shined a spot light on them and as soon as we did, they were forced to back down. This is a great example of the power that people possess and they don’t even know they possess it. It is, quite unfortunately, going to be very important that we use this power in the future again, and I’m sure that the next fight won’t be as easily won. That’s because the abuse in our prison system is a SYMPTOM of a much larger problem, that problem is rooted in our economy, in our money system, and in our failure to follow the rule of law.
Now then, we are still using the attorney to file a protective order for Martin, as we want to hold them to their word. The prisons are notorious for providing RETRIBUTION against prisoners who make waves – we must ensure that does not happen!
Also, there are other battles still to be fought! On the bigger issue of Martin being there to begin with, there is a law that prohibits courts from not honoring time served when they are sentenced. The judge in Martin’s case did not give credit for his time served while he was held in contempt of court as he made up his own exclusion to the rule… that exclusion does not exist in the law and the law says that the judge SHALL honor all forms of time served (shall is a mandatory word, I have a copy of the law coming). Then there’s the battle for punishment that is CRUEL and UNUSUAL. How come, three years after being beaten nearly to death, does he not have his teeth fixed?
And so, we may need your help again to get them to do what’s right. In the mean time, we can deservedly celebrate a clear VICTORY in keeping him safe for now! THANK YOU!
Gggggooooood morning Bugs -- Skinee, 08:48:50 12/05/09 Sat
Mugwump is keeping the Bughouse alive today.
Mugwump, yep you can't even trust a socialist with
Global warming, they lie about everything.
But why do Goldbugs support those idiot socialist commie union loving Liberals?
I just can't figure it out
juniors are heating up- latest M&A- minesite -- mugwump, 08:05:42 12/05/09 Sat
The battle for Freewest Resources Canada and its chromite assets in Ontario’s so-called “Ring of Fire” is really starting to heat up. Noront Resources has increased its original offer to two Noront shares for every seven Freewest shares tendered plus one Noront warrant. The warrants will have a strike price of C$4.00 per share and have a five year term. That pegs the offer at about C$0.86 per share. The increased offer beat Cliffs Natural Resources’ original offer of C$0.70 per share in stock. However, on the back of the Noront offer, Cliffs put more chips on the table by offering up C$0.90 in stock for each Freewest share. Will Noront come back to the table? We will see, but in the meantime Freewest ended the week up C$0.24 at C$0.88, while Noront added C$0.32 to close at C$2.5
Sticking with the corporate activity, Lukas Lundin-led Newstrike Capital has made an offer for Goldcorp’s 21.2 per cent interest in the Morelos gold property in Mexico. The price tag is C$44.5 million, plus 15 million Newstrike shares. Gleichen Resources recently purchased the other 78.8 per cent of the project from Teck Resources for a cool US$150 million, plus a 4.9 per cent equity stake in Gleichen. Gleichen holds a first right of refusal and could match the offer to obtain 100 per cent of the multi-million ounce resource. Newstrike ended the week down C$0.02 at C$0.38, while Gleichen lost C$0.03 to close at C$1.19.
i really question this- it's a total fiction -- mugwump, 07:30:54 12/05/09 Sat
The dollar rose 1,1 percent against a basket of currencies, while the euro was last bid at $1 4892, with some economists suggesting US interest rates may be able to rise sooner than expected.
"The data point to a transition in the economy from a deep recession to a modest recovery," said William Sullivan, chief economist, JVB Financial Group in Florida.
gold unchanged for the week -- mugwump, 07:23:57 12/05/09 Sat
i don't expect this anomalous downdraft to continue
everybody dashed to the exits at once- the asians will be buying next week http://news.goldseek.com/GoldSeeker/1259989200.php
Financial or monetary? -- Pyrite, 07:15:02 12/05/09 Sat
We WILL have a gold component in a world "basket" currency. When? I don't know. I'd GUESS after the producer nations acquire as much as they desire.
The simple fundamental issue is what one desires to hold as SAVINGS. Great wads of the labor proxy commodity itself, or the allotted PORTION of that element which will make up the smallest and scarcest component of the attempt at a ..stable... currency.
noland -- mugwump, 07:08:48 12/05/09 Sat
For months now, I have posited the emergence of a Global Government Finance Bubble. Global Liquidity Excess and Market Perceptions of Implicit Government Backing are, once again, playing an instrumental role in fostering Ponzi Dynamics. The Fed and most observers are seemingly oblivious to Bubble risk here at home. Yet the Treasury and agency markets are the epitome of dangerously distorted Bubble markets. Unprecedented global imbalances, ballooning central bank balance sheets, pegged ultra-low rates, and unwieldy speculative financial flows foment liquidity excesses and market price distortions - especially in the enormous U.S. Treasury and agency markets. At the same time, the markets perceive an Implicit Guarantee: That China, Japan, "emerging" Asia and the Middle East can be counted on to support Treasury prices and ensure dollar weakness doesn't turn disorderly. Moreover, markets perceive that Federal Reserve rate and monetization policies will continue to underpin U.S. corporate, municipal and household debts.
Markets have thus far been content to largely overlook underlying economic fundamentals when it comes to valuing U.S. government debt obligations. Importantly, the multi-trillion dollar expansion of (mispriced) Treasury and agency securities has been instrumental in rejuvenating both the U.S. Credit system, markets and the real economy. Markets have readily accommodated a massive expansion of U.S. government debt and perceive that ongoing Treasury and Fed Credit creation will bolster recovery. This perception - built into collapsing Credit spreads and increased Credit Availability - has been instrumental in stabilizing domestic incomes, corporate cash flows, and asset prices (homes, stocks, debt and "risk assets" more generally). I would argue that only the emergence of a government finance Bubble held much greater debt problems - along with necessary economic adjustment - at bay.
While perhaps not obvious from an asset price perspective, there are unmistakable Bubble and Ponzi Dynamics at work. The entire U.S. financial and economic recovery rests on a flimsy foundation of a highly distorted Treasury and agency market Bubble. I am the first to appreciate that Bubbles notoriously survive longer and grow larger than we Bubble analysts would expect. At the same time, the world has moved up the Bubble analysis learning curve. I find it disconcerting that many that recognize the unfolding Bubble landscape still believe they have plenty of time to profit and then get out before the bust. But I also sense the more sophisticated players are following developments with an increasing degree of angst.
china strategy -- mugwump, 07:03:03 12/05/09 Sat
November 30 - Bloomberg: "China may use Dubai World's possible default as an opportunity to buy gold and oil with it foreign currency reserves, an official at the commission that oversees Chinese state-owned companies was cited as saying... The effects of Dubai World's possible default may last some time, giving China an investment opportunity, Ji Xiaonan, head of the supervisory committee at the State-owned Assets Supervision and Administration Commission, was cited as saying..."
aaronson et al -- mugwump, 06:57:54 12/05/09 Sat
For years, the United States' foreign creditors accumulated Dollars in exchange for their manufacturing production and natural resources. This relationship allowed the Dollar to remain the world's reserve currency. However, this relationship is changing because our creditors are converting their Dollars to gold. China, India, Sri Lanka, and Russia, as well as other countries, have increased or plan to increase their gold holdings. Historically, currency crises ensued when foreigners no longer wanted to hold a currency and instead demanded gold. Perhaps, investors remain complacent because they see no ramifications from the falling Dollar since US gold reserves will not be depleted. Yet, in effect, central banks have replicated the gold window by selling their Dollars on the open market. If this trend continues, a currency crisis will lead to rising long-term interest rates and falling assets prices.
In addition to the "reopening" of the gold window, the buying of gold by developing countries demonstrates that a historic transfer of wealth is underway. For years the developed world has borrowed money from the developing world to enable its consumption of the developing world's production and natural resources. While the developed world accumulated debt, the developing world accumulated foreign exchange reserves (savings). As foreigners sell their Dollars to buy assets and natural resources, the transfer of wealth from the developed world to the developing world will accelerate. Accordingly, Americans will suffer from higher costs and a lower standard of living; the rest of the world's standard of living will improve.
wow!! look at these abysmal interest rates- pento -- mugwump, 06:50:22 12/05/09 Sat
Our annual budget deficit of $1.4 trillion in 2009 shattered all previous records and the projections are that another trillion dollars per annum will be added over the next 10 years. The amount of debt that needs to be rolled over each year is increasing because of government’s decision to finance our debt at the short end of the yield curve. The result of which means each year the U.S. Treasury must sell trillions of dollars in debt into the market—not just the difference between revenue and expenditures.
So far there is little evidence of distress in the bond market. Last week the Treasury sold $44 billion in two-year notes at a record low yield of .802%. And even though the average yield on the 10 year note has been 7.31% for the past 40 years, the yield stands at just 3.22% today. The all important indirect buying (which includes foreign central banks) of U.S. debt jumped to 45% in 2009 from just 29% last year.
But the U.S dollar continues its vicious bear market that went into overdrive this decade. The deadly combination of skyrocketing debt sales along with a chronically weak currency may soon pull the rug out from our Treasury auctions. It is completely antithetical to expect record low interest rates to persist while debt issuance continues to break records. Interest rates must rise dramatically to reflect the record level of supply and the potential inflation represented by having a $2 trillion monetary base. The added payments resulting from those rising interest rates will send deficits soaring even higher. Sooner rather than later foreign appetite for US debt will wane simply because they will have a concentrated position in an asset that is falling in value and held in a currency that is being debased. We must defend the value of the US dollar now and stop the endless cycle of bailouts, inflation and debt before the only person who shows up at our Treasury auctions is Banana Ben Bernanke with his printing pres
hey mudturtle -- mugwump, 06:45:33 12/05/09 Sat
you're correct of course to buy a valuble machine tool cheap- that's a bet on productivity!! as for china, they're accumulating all the gold produced in their country instead of running up the world price
in addition, as you have alluded, they're buying up mining assets and oil production in other countries
somebody however, is gonna buy up the IMF gold and will be looking pretty in a couple of years and britain and the swiss will be looking like fools
as for the US, well, i don't know what they've done with their gold supplies but i doubt that they are all still present and all present bars are still owned by the US
walayat -- mugwump, 06:36:40 12/05/09 Sat
he people of Britain are being hoodwinked by the politicians and inept mainstream media into thinking that money printing is a free lunch, there is no such thing as a free lunch, printing hundreds of billions out of thin air is akin to running a fiat currency ponzi scheme, the price of which is paid by the holders of existing currency i.e. investors, bond holders and savers who are hit by the double whammy of -
a. Artificially low interest rates of 0.5% which results in NEGATIVE REAL INTEREST Rates, increasingly so as I expect inflation to rise considerably as part of the inflation mega-trend.
b. The devaluing currency as the money supply increases well beyond that of the average of the past 10 years. Again don't be fooled by the British Pound holding steady against other fiat currencies as all of the worlds central banks are engaged in their own ponzi schemes aimed at defrauding exiting currency holders of their real value.
Ever escalating money printing is a silent declaration of war on the value of every British citizens hard earned current wage and accumulated savings. All prudent savers are suffering in terms of the loss of quality of life as interest rates have been slashed in many cases to less than 0.5%, making life time accrued savings of more than £100,000 worthless in terms of income generation with worse to come as money printing seeks to stealthily destroy the capital value as well.
Inflationary Consequences of Escalating Debt and Money Printing
The consequences are INFLATIONARY, inflation means RISING CONSUMER PRICES which in the UK means rising RPI and CPI indices. Inflation rises as more fiat currency chases a limited supply of commodities, goods and services, more so in a stagnating economy which over time sees diminishing output, it is only that at the present that the consequences of debt deleveraging is MASKING the building inflationary forces that will let rip with a vengeance which we are already witnessing in the commodities markets as many markets such as gold and crude oil have doubled from the Post September 2008 lows.
well said... -- Frustrated, 05:59:52 12/05/09 Sat
snippet:
I have seen many people debate whether gold is a bet on inflation or deflation. As I see it, it is neither. Gold does well when monetary and fiscal policies are poor and does poorly when they appear sensible. Gold did very well during the Great Depression when FDR debased the currency. It did well again in the money printing 1970s, but collapsed in response to Paul Volcker’s austerity. It ultimately made a bottom around 2001 when the excitement about our future budget surpluses peaked.
mudturtle -- Frustrated (), 05:12:34 12/05/09 Sat
well I doubt any long timers here bought POG because they
thought of it as a commodity rather than a currency...
but, is it any more of a currency than if you had purchased oil or copper in 2000?
2000-2009
oil around 20 to 80
copper around .75 to 3.25
question is will it outperform going forward?
then we can consider it a currency
Last edited by author: Sat December 05, 2009 05:15:02
Edited 1 time. [Edit]
mudturtle - gold will not reach it's true value -- morbius, 04:36:00 12/05/09 Sat
until the fraud is exposed. As valuable as it is now (by your metrics), it has tons of paper holding it down. I can't think of a single reason not to believe that the old 10 for 1 bankster paradigm (or worse) is not in play in the bullion market. I don't think ANYBODY really knows the extent of the fraud and corruption involved.
@morbius and mozel -- mudturtle, 03:39:24 12/05/09 Sat
Gold is now a currency, just axe RIP, and he is correct. What if gold has gone way out of reasonable bounds as a currency?
That is what I see when I look at what gold will buy compared to my usual frame of reference in USD.
I bougt some crap on the net tonight that I found to be ridiculously cheap compared to my days of yore. I am considering a buy of a machine tool that is silly cheap in terms of gold now. The USD drop has made it even cheaper. You fellows had better look at where gold is now in real purchasing power and perhaps buy something as practice so that you do not ride the huge advantage all the way down when other folks realize just how far out of whack things have gotten NOW. I do have ultimate faith in the incompetency and thievery that will propel hard money to new heights. My view now is that the goos are dong all to make it seem that they know what they are doing. I doubt all of that, but I am willing to take advantage of prices offered by those that have not figured out the big picture. Value is value.
Gold in bar and coin is a financial asset, not a production asset or a consumer good. -- mozel (), 02:05:10 12/05/09 Sat
When it is the collateral for official notes, it has a financial use as money. Otherwise, it's use is financial preservation and its value increases as financial uncertainties concerning financial assets and currency increase. By this mechanism, gold's increasing value always has a reflationary effect in finance.
The credit of sovereigns fluctuates in time of war, especially when outcomes are in doubt and everything has been wagered. This why gold is said to be the sinews of war. When the sovereign has no credit due to reverses, by gold he can still make war.
It is the policy of the United States Government that it is in a time of war. Its currency is its credit. As is the currency of every government. Gold will take none of them prisoner.
Last edited by author: Sat December 05, 2009 02:45:26
Edited 1 time. [Edit]
mudturtle - Assets in foreign countries are never secure -- morbius (), 01:40:17 12/05/09 Sat
and always at the mercy of indigenous politics. Having a powerful military helps, but in times of social/geopolitical chaos, make mine gold.
Last edited by author: Sat December 05, 2009 01:43:26
Edited 1 time. [Edit]
la di dah- mineweb -- mugwump, 22:14 -- mudturtle, 01:34:57 12/05/09 Sat
mugwump, if you were sitting on the bogus bank account numbers that China has, what would you do? Would you buy gold at near the highs of all time or would you keep a low profile and use the notional money to the the best deals out there?
As for myself, I would buy up assets that are off the screen for my biggest antagonist and I would do it beyond the reach of the maggots in NY and City of London. I'd rather rape Africa and South America than buy shiny79, especially when there is so much on sale and gold is so damned high in price.
I think that you are wrong in expecting China to go onto the international markets to buy physical when they have so much more leverage in buying neglected assets that are off the screen of NYC and DC. You know the drill and you have posted much of it. Recall the charts of just about anything real in gold denomination now. Price of US and many other countries' housing in gold is cheaper than at any time that records have been kept. Air travel is easily the cheapest ever. Etcetera. They are going for the best use of their funky paper reserves and are not going to piss it away on overpriced gold, and especially not from sources outside of their slave labor system. I'd love it if they spent their phony reserves on buying gold as it would keep that from buying up vast amounts of real world assets and goods that will price the crappy USD buyers out of the market.
Look at goods and assets that you would want to hold. Do you want to pay 1161 for an ounce of gold or would you rather have that 1161 for goods that recently cost 760 in POG? The maggots will wreck everything, but not quite yet. Pricing is right here right now.
Gila.............giving to the homeless..... -- AZAU, 22:45:16 12/04/09 Fri
you'd better hope so. And, of course we all hope you are doin' likewise. Why do you assume goldbugs are hypocrits?
I think you don't know what you're talking about, 99% of the time, no offence.
The Bloodhound Gang - A Lap Dance Is So Much Better When The Stripper Is Crying -- Iainmac, 22:28:33 12/04/09 Fri
I was lonelier than Kunta Kinte at a Merle Haggard concert That night I strolled on into Uncle Limpy's Hump Palace lookin' for love.
But you can believe the gummints unemployment numbers -- Earl, 22:18:02 12/04/09 Fri
December 4, 2009
Can’t the Government Wait at Least a Few Seconds Before It Admits that It Lied?
Posted by David Kramer on December 4, 2009 06:02 PM
Remember 20 minutes ago when our new war president Barack O-bomb-a said that U.S. troops would be out of Afghanistan by mid-2011? Well, I know this is going to be a real shocker (like that $800 billion health care plan that is now over $1.1 trillion), but:
GATES: ‘NO DEADLINES’ ON TROOP WITHDRAWAL
The withdrawal of U.S. forces from Afghanistan, scheduled to begin in July 2011, will “probably” take two or three years, Defense Secretary Robert M. Gates said Thursday, although he added that “there are no deadlines in terms of when our troops will all be out.” The Pentagon, meanwhile, quietly acknowledged slippage on the front end of the 30,000-troop deployment that President Obama authorized for the first half of 2010.
“They are not all going to be there in six months,” a senior military official said. The current thinking, the official said, is that the Pentagon will be able to push about 20,000 to 25,000 troops into the country by late summer, but that the final brigade — about 5,000 troops — will probably not arrive until early fall.
“July 2011, the time at which the president said the United States will begin to draw down our forces, will be the beginning of a process,” Gates said. “But the pace and character of that drawdown, which districts and provinces are turned over and when, will be determined by conditions on the ground. It will be a gradual but inexorable process.”
Well, at least the government is consistent in its perpetual practice of lying to the sheeple.
Jim Sinclair sucks............Huh? -- kapex, 22:16:11 12/04/09 Fri
Jim,
I really don’t understand the CIGAs screaming "top" in the market, and doing the Chicken Little dance. Was it not JSMineset itself that told everyone months ago that at $1224 there would be a battle royale? I respectfully ask the readers of your site to, in fact, READ THE SITE, and stop hassling you with idiotic e-mails. If anything, the question should be: How did you identify $1224? (cough cough, ahem, er – how DID you?)
Regards,
CIGA Pedro
Dear Pedro,
By the use of a tool, proprietary to Bert Seligman and Jesse Livermore, published in 1921.
The total incoming emails on the $1224 Angel, including your message today, is
2. The number of panicked emails coming in are uncountable.
la di dah- mineweb -- mugwump, 22:14:20 12/04/09 Fri
While the Chinese Central Bank official's comments were widely viewed as a warning that gold price speculation was worrying, it does not mean that the nation will cease quietly buying gold from its own gold mines and perhaps intervening in the markets on the price dips. As we have stated here before it is not in the Chinese nation's interests to allow the gold price to fall back significantly given its publicity programmes persuading its general population to buy gold and silver in small bar form from the banks where the yellow metal is readily available. The suggestion is that the gold-oriented Chinese need little prompting to invest and investment in this form has been significant, and given the gains made over the past few months, is likely to continue. While China is almost certainly in a position to manipulate the gold price at will, should it wish to, given its enormous dollar foreign reserves, it is thus unlikely to allow thousands, perhaps millions, of small investors to lose out on something which is increasing their personal wealth and helping stimulate consumerism among its people, which in turn is good for the continuing growth of the Chinese economy.
There is probably little doubt that the Chinese are indeed continuing to buy gold on dips, but not chasing the rallies upwards, until slippage is again seen. The bureaucracy can keep such purchases out of the eyes of Western observers unless and until it deems it politically, or economically, appropriate to do so. If the newly purchased gold is held by some other government body than the Central Bank, China has, in its view, no obligation to report this fact until the metal is moved into the Central Bank itself - which is exactly what happened with the relatively recent report of its doubling of gold reserves earlier this year. This, in reality, proved to be the starting point for the big gold price rally in the second half of the year. With a continually growing trillions of dollars worth of foreign exchange holdings, mostly in seemingly ever-declining-in-value U.S. currency-related assets, management of its reserves in a way that doesn't rock the boat too much remains in China's interests. It has perhaps an even bigger impact in managing the decline of the dollar than the U.S. Fed itself.
siempre..........then why not just post the link here? -- AZAU (), 22:04:07 12/04/09 Fri
please don't play fools of us here. it is you who are unbelievably naive if you think a level of indirection will save your sorry @ss.
Last edited by author: Fri December 04, 2009 22:06:17
Edited 1 time. [Edit]
foreclosures will rise even more after christmas, as the -- AZAU, 22:02:24 12/04/09 Fri
long term unemployed become the homeless, and then, the hopeless.
All because of wanton greed, and deliberate fraudulent "securities" perpetrated by wall street and the banksters.
Too late. It's no longer a matter of "if" but "when". The US will be forced to bring a militarized democracy to the Japanese people in order to correct the unfortunate "irregularity".
your remark reminds me of a poster who briefly
showed-up here sometime back....unbelievably naiive...
not saying that you are, but you need to pay more attention...
the links refer to the same site, but not to myself...
the unemployment "report" and goosing the market were staged today... -- AZAU, 21:53:01 12/04/09 Fri
because they know the mainstreet folks are getting angry.
The seedy, slimey wall streeters are manufacturing this bullshit so the herd will stay calm... This is a horrific sick joke to play on america for christmas, and the monsters running it will stop at nothing to keep the lies going. But the bottom line is that this shit has to end somehow. After christmas, the unemployment lines will grow, stores will shut for good, and commercial properties and companies will collapse. What sick cruel bunch of basturds are in power.
Japan selling its trove of treasuries???? Bad Mojo -- AZAU, 21:35:45 12/04/09 Fri
Here It Comes... (Sovereign Treasury Sales)
Karl Denninger
Market Ticker
Dec 4, 2009
I have repeatedly warned that there's an "end game" coming if we do not cut out the monetization games.
I have repeatedly warned that the "end of the world" scenario comes about if The Government cannot finance its operating requirements (e.g. interest cost exceeds income), as that event will result in an instantaneous "death spiral" of credit downgrades and ramping CDS spreads, which in turn drive up interest rates further, etc.
I have repeatedly warned that if we do not get our own house in order others will force it upon us, as we have given them the weapons to do so by selling trillions of dollars worth of Treasuries to overseas sovereigns and institutions over which we can exert no control (except by threatening to use our 6,000 nuclear weapons.)
This morning there's a nasty rumor on the wire - that Japan may be intending to sell US Treasuries.
Their purported reason for this, of course, would be to weaken the Yen. Selling Treasuries would have this effect since it would strengthen the dollar, and in a fiat monetary system all values are relative.
Here's the problem: The first seller wins in these circumstances, since price is essentially "coupon x duration."
If Japan starts selling in size, rates on the long end will go materially higher. This will whack the daylights out of the cash price for these bonds. Who else has a lot of these things? China.
Stampede risk here? Yep.
Danger to our government's ability to finance its profligate spending?
Oil Shipping .. -- Delta-au, 21:14:23 12/04/09 Fri
VLCC rates were significantly FIRMER this week, so business is good.
Markets will be quiet for the last 1/3rd of Decemebr thru to
first week of New Year, so I'd expect next week and prolly
the week after to be quite strong also ..
Olympics and global fascism -- GlodCoaster, 20:31:02 12/04/09 Fri
It seems to me that the Vancouver Olympics are an exercise in implementing the new global, corporate fascism. Why such an obnoxious security regime that suppresses Olympic dissent. It's one thing to be prepared for "Al Q'aeda" but it's another to be actively suppressing people's opposition to an event in their own state and city. Sounds like fascism to me. http://no2010.com/node/45
hunter -- mugwump, 20:26:55 12/04/09 Fri
Nice speech, but according to economist John Williams of Shadow Government Statistics, it is too late. In Williams latest report he writes “The United States Economy and Financial System Face an Eventual Great Collapse.” Williams told me in an interview this week that because of all the bailouts, stimulus packages, giveaways and short-term debt, the U.S. has to finance nearly $5 trillion in 2010 alone. That’s about $96 billion in debt auctioned off each and every week!! Williams said, “Someone has to buy those Treasuries, and if no one does, then the Federal Reserve will become buyers of last resort.” The Fed buying that much in Treasuries is the same as printing huge amounts of money. Williams says that “is the tipping point that will start a dollar crisis.” According to Williams, this will produce a “high risk of an ultimate dollar crisis that will begin unfolding in year ahead.”
Inflation created by this “dollar crisis” will turn into hyperinflation within 5 years. Government and Fed actions have caused this problem and Williams sees “no way out,” and “hyperinflation is just a matter of time.” The hyperinflation forecasted by Shadow Government Statistics will look like Weimar Germany in the early 1920’s. The dollar will rapidly lose value to the point it will take a wheelbarrow full of cash to buy a loaf of bread or a gallon of gas. Anyone on fixed income or holding dollars will be wiped out according to Williams.
The Gold market seems to be reflecting the fear of inflation and a weakening dollar. Big central banks are buying Gold. India bought 200 metric tons of the yellow metal last month. Other countries, such as China and Russia, are also gold buyers. Retail investors are, likewise, beginning to flock to gold. Arthur Blumenthal of Stack’s Rare Coins in New York City has been in the gold and coin business since 1974. Stack’s opened its doors in 1934 and is the oldest coin dealer in America. Blumenthal saw the “go-go years” of the late seventies gold market firsthand. Blumenthal told me, “I have never seen anything like this before! There are only buyers.” He says many of his customers are “Wall Street types who are buying physical gold for the first time.”
because it's Canada -- mozel, 20:25:43 12/04/09 Fri
"Keep in mind that, despite Ahenakew's comments, he was also "a member of the Order of Canada, the country's highest civilian honor." And, he was "leader of Assembly of First Nations, Canada's primary aboriginal group."(8) So, despite his opinion, no matter how negatively viewed, he worked to help some others and never encouraged anyone's murder. In Ahenakew's case, he was stripped of his Order of Canada. After obtaining an attorney, he was also fined $1,000.(9) He is trying to appeal the fine. So how is it that a Jew can vandalize a school, threaten others--even calling for some people's murder--and not have to pay a dime? And yet an old, non-Jew has to pay a $1,000 fine for insulting Jews and questioning the Jewish-version of history?"
.babs also saying oil & ng down into january -- Pyrite, 19:47:44 12/04/09 Fri
He also sez: "Always consult your investment professional before making any investment decision "
Earl -- Skinee, 19:24:14 12/04/09 Fri
The Baby Boomers are the ones in Government now
and they don't know what hard times are.
Any dam fool can spend money, it takes no brains at all.
A deadly combination, fools and taxpayers money
When I see a serious effort to contain american corruption ..... governance > finance ..... it will be time to reassess speculative options ........ till then, stay the course cuz this pup is on lying life support.
Earl -- Skinee, 19:05:55 12/04/09 Fri
Yep...you got it
I have done well in the past buying stocks on dips and selling a few days later.
Bought a bit of Freeport today.
If it fall more I will average down.
If it turns into a disaster...I sell 50%
painfull all weekend in the Bughouse -- Skinee, -- Earl, 19:00:56 12/04/09 Fri
Unpleasant but par for the goldbug course. If a 30 - 40k haircut becomes personally mind numbing, perhaps other sources of amusement should be pursued.
The volatility will probably become even more attention getting as POG advances.
Carmack -- RIP, -- Carmack, 18:59:13 12/04/09 Fri
In addition many local retailers appear to be facilitating lots of "easy credit" but consumers remaining reluctant.
Auto dealers offering good pricing/refunds and attractive financing rates !
Been looking at a few BMW's but can wait longer than they can for the right deal .
OOhhhhhhhhhhh it is gonna be painfull all weekend in the Bughouse -- Skinee, 18:52:58 12/04/09 Fri
They have to look at the Gold in the red $46 until Monday
- -- faloffal, 18:33:45 12/04/09 Fri
As if the collapse of the biggest credit bubble in the history of mankind wasn’t enough, there are very negative demographics adding to the malaise that go unrecognized by most, and I will demonstrate that demographics are one of the root causes of the current bubble dynamic, and its subsequent collapse. http://economicedge.blogspot.com/2009/05/damning-demographics.html
if you go to this site, have a look at the pie chart showing Europe, and compare that to the peak spending bullishness that I post earlier.
Nathan has lots of links to Armstrong's stuff, if you want a distraction.
here's a bit of chop
"According to Dent’s Spending Wave, the peak should have occurred in late 2009 or early 2010. But it didn’t. Both the markets and corporate profits peaked in late 2007 – proving Peter Lynch right in that earnings drive the markets. Why was Dent late in his estimate?
"
The reason is DEBT! As derivatives and the securitization of debt process grew, the pigmen, err, I mean central bankers were able to force more and more debt into the system. This pulled the baby boomer’s FUTURE incomes into the NOW. The effect of which was to over accentuate the growth phase and now to over accentuate the decline as well as to make the decline lengthier in time as future incomes will be servicing the interest on all that debt."
raght on, Nathan!
October 2007 is the Golden Mean point in our current fractal. A very notorious country leveraging global pathology bombed another notorious country's nuclear program, raght around the same time! Syriasleee!
What a fine bit of financial engineering applied to the unemployment numbers today! -- AZAU, 18:28:40 12/04/09 Fri
and they even admit it.
but, no matter, it amounts to a HUGE BUYING OPPORTUNITY for the Chinese and INdians. Americans are too stupid to see it coming, as long as they have a six pack and a pizza in front of the tv. Sick, shitty mess going DOWN THE TEWBS!
How fecked up is Japan? -- RIP, 18:26:26 12/04/09 Fri
Tokyo bourse ordered to pay Mizuho $121M damages
...Mizuho sued the Tokyo Stock Exchange in 2006 over big losses it incurred in 2005 due to a computer error at Japan's largest bourse. Mizuho said losses due to a botched transaction amounted to 40.7 billion yen.
The transaction on Dec. 8, 2005 involved a Mizuho trader selling 610,000 shares in job recruiting company J-Com Co., now J-Com Holdings Co., for 1 yen each instead of an intended sale of 1 share at 610,000 yen.
- -- faloffal, 18:07:10 12/04/09 Fri
'ping' is the word i use. the forum uses the word 'spammer'
generally, when the post is interrupted, it is because the spooks have become agitated, Enlil throws a little fit, and wants to reign thunderbolts down on his slaves.
not only is it a productivity number (8.1% increase in annualized productivity), it's comprised of two lucky numbers in Chinese feng shui, 8 and 1. Except of course if you are thinking of earthquakes, then it is not lucky. Next BigBlast Timewave earthqake is 8.1 on the Riechter scale. Chinese feng shui lucky numbers are associated with Platinum Group elements in the Falogram, fwiw.
- -- faloffal, 17:56:03 12/04/09 Fri
From Russia with love, I fly to you
Much wiser since my goodbye to you
I've travelled the world to learn
I must return
>From Russia with love
I've seen places, faces
And smile for a moment
But, oh, you haunted me so
Still, my tongue tied young bride
Would not let my love for you show
In case you'd say "No"
To Russia I flew but there and then
I suddenly knew you'd care again
My running around is through
I'd fly to you
>From russia with love
- -- faloffal (), 17:50:55 12/04/09 Fri
"Blast in Russian nightclub kills more than 100: reports4 Dec 2009 ... To Russia,with love. National Post - Saturday, November 14, 2009 ... At least 15 killed in Russian nightclub blast "
Last edited by author: Fri December 04, 2009 17:54:25
Edited 1 time. [Edit]
Morbius -- Skinee, 17:51:17 12/04/09 Fri
Yeah, I have seen those adds, they have them in the newspaper also.
A old lady takes a few maples in and they say
Ooooooooohhh lets see now, yep you are really lucky, these are worth $450. each
You really do have to wonder about ABX's timing -- APOLLO, 17:37:09 12/04/09 Fri
the announcement about Cortez which eventually pushed the stock down 9%, came at 8:47 AM - once the direction of the UE Report was out & positions could be established (27 mintues for positions after the UE Report). Given the size in both the HUI & ABX that Barrick has as a % - largest in both, their announcement really put the peddle down on everthing gold given the direction set by the UE Report. I guess, with or without hedges, they are a stool for GS et al.
they are pinging me, it's not the post, it's the poster -- faloffal, 17:32:38 12/04/09 Fri
the 6ixth month takes us to June 2010, and this is the period when we Cross with the Fire Horse(age 44)*, in QuantTime and TimeWave. Consider: the stock market did stop going up in 1966, and it wasnt' until 1981, before we saw recovery, the dow:gold ratio practically even.
Last edited by author: Fri December 04, 2009 17:32:32
Edited 1 time. [Edit]
morbius @ tease -- RIP, 17:29:39 12/04/09 Fri
That's exactly why Chinaman is playing hardball.
They know once they commit to gold.....they are stuck with a NY price.
Yer right....they aren't stupid.
And it's a game between 0% US T-bills and gold.
A great game of bluff poker.
Skinee - That's because you are watching the network of the evil party -- morbius, 17:26:10 12/04/09 Fri
switch over to the network of the stupid party (MSNBS) and you will see all kinds of ads encouraging their viewers to SELL their gold (cash4gold).
that this larger than recent drops in this leg of a bull market signals an end is coming soon.
Last edited by author: Fri December 04, 2009 17:26:04
Edited 1 time. [Edit]
they are pinging me, it's not the post, it's the poster -- faloffal, 17:24:39 12/04/09 Fri
the 6ixth month takes us to June 2010, and this is the period when we Cross with the Fire Horse, in QuantTime and TimeWave. Consider: the stock market did stop going up in 1966, and it wasnt' until 1981, before we saw recovery, the dow:gold ratio practically even.
RIP - If I were the Chinese -- morbius, 17:23:40 12/04/09 Fri
I'd tease them with the prospect of knocking the POG below $1000 (something the anti-gold camp needs very badly), and take them for all I could....but there may be some other players out there who are not as patient. We shall see.
they are pinging me, it's not the post, it's the poster -- faloffal, 17:23:33 12/04/09 Fri
the 6ixth month takes us to June 2010, and this is the period when we Cross with the Fire Horse, in QuantTime and TimeWave. Consider: the stock market did stop going up in 1966, and it wasnt' until 1981, before we saw recovery, the dow:gold ratio practically even.
All kinds of adds on the television -- Skinee, 17:22:48 12/04/09 Fri
about gold.
Yep... they tell you how great it is and want you to buy some gold from them
If it is so great why do they want to sell it?
Chinaman owns 1000 tonnes....peanuts -- RIP, 17:21:34 12/04/09 Fri
Domestic production is adding to that.....but don't you see how the funds are actually preventing China from adding to it?
Chinaman cannot get physical from NY at today's price.
I guarantee it.
Good evening Michael -- Skinee, 17:21:17 12/04/09 Fri
[Edit]
RIP - The Chinaman wants to replace the US -- morbius (), 17:16:49 12/04/09 Fri
as the premier economic power, the issuer of the world's reserve currency, and the largest holder of gold. It's called "The Project for the New Chinese Century" (loose translation from the Mandarin).
Last edited by author: Fri December 04, 2009 17:17:21
Edited 1 time. [Edit]
Looks like my guess for Dec 8, 2009 first $100 up day -- MichaelH, 17:17:04 12/04/09 Fri
will be wrong. It will be the 2nd or 3rd $100 up day.
morbius -- RIP (), 17:14:10 12/04/09 Fri
So.....the Chinese want more gold....just in case they decide to ever take themselves off the peg teat.
You must be kidding.
Unless they know the yuan will actually collapse otherwise.
Last edited by author: Fri December 04, 2009 17:15:32
Edited 1 time. [Edit]
Thanks Apollo -- Kitcotodd, 17:14:04 12/04/09 Fri
I thought the juniors and silver held up pretty well. And with gold and Barrick down so much this looked worse than it was. I agree it's 1-2 more weeks down, but I feel we're back at index highs around year end.
RIP - Every paper bombing of the POG must be accompanied -- morbius (), 17:06:25 12/04/09 Fri
by a dump of physical. The Chinaman knows Da Boyz can't deliver. He also knows how to keep the pressure on, without forcing a default ('cause if THAT happens - no more physical, at least not at THESE prices).
Nor does the Chinaman want the speculator (naked longs) along for the ride. The Chinaman has REAL FRN's to spend. He doesn't want to pay some middleman speculator who is holding only an option contract (without the funds to take delivery). Would you?
Last edited by author: Fri December 04, 2009 17:10:06
Edited 1 time. [Edit]
@ by a dump of physical. -- RIP, 17:09:54 12/04/09 Fri
Are you sure of that?
Doncha think the CBs might all be a little bit cozy?
The funds are the only ones who demand a true price.
Todd - there are a lot of other things out there that can obviously affect the price of gold -- APOLLO, 17:07:31 12/04/09 Fri
we are going to need something special to push us to new highs - this raises the bar a little higher than it was yesterday. You know I have been saying for months the first two weeks in Dec would be tough - this is a bit of a different twist. More caution is warranted. It is a game changer - although, next week will tell us how much of a changer it is. The momentum behind PMs has been dramatic - unless Silver breaks, I don't see a big down here - yet. But I am more cautious tonight than I was this morning even knowing a correction was at hand.
The guys who supposedly naked shorted BSC and LEH into the ground -- RIP, 16:53:19 12/04/09 Fri
....are the ones who will guarantee a fair price if the Chinese really do want gold.
Apollo - The term "game changer" to me is quite strong. -- Kitcotodd, 16:49:12 12/04/09 Fri
Are you suggesting this is a top as in no run into the first of the year? As I recall PM stocks peaked in Jan 04 and it was evident by March a correction was already underway.
A trillion bucks here ....... a trillion bucks there ............ -- Earl (), 16:44:56 12/04/09 Fri
DOE To Invest $979 Million To Support Carbon-Capture Projects
The U.S. Energy Department said Friday it has awarded $979 milllion in federal stimulus funds to support carbon-capture and -storage projects at three coal- fired power plants owned by American Electric Power Co. (AEP), Southern Co. (SO) and a unit of Summit Power Group Inc.
The federal funds will be added to about $2.2 billion in private capital to help the greenhouse-gas emission-reduction projects move forward, U.S. Energy Secretary Steven Chu said.
"By harnessing the power of science and technology, we can reduce carbon emissions and create new clean energy jobs," Chu said in a statement.
Last edited by author: Fri December 04, 2009 16:47:18
Edited 1 time. [Edit]
Morbius I have been wondering about Christmas hiring -- APOLLO, 16:46:07 12/04/09 Fri
did they obscure that in the results??? probably. The problem was more in the Revisions & that would have nothing to do with Christmas.
RIP - I think you got the Chinaman's mouth all watering -- morbius, 16:40:12 12/04/09 Fri
over the prospect of picking up all those Wall Street Bonus Bucks.
APOLLO - Or maybe their 'birth death' model -- morbius, 16:38:22 12/04/09 Fri
factored in (or greatly exaggerated) the usual temporary Christmas hiring.
Jobs - good point -- APOLLO, 16:34:52 12/04/09 Fri
We've never met a statistic without split-personality disorder. Viewed in one light, for instance, losing 11,000 jobs in a month is relatively dandy for the US economy. It looks, prima facie, as though her job(less) market is bottoming out...that things could soon be on the mend. And lo, her unemployment figure even dipped, down from 10.2% to "just" 10%.
But wait just a minute, we hear those skeptics say. How could this be? How might an economy lose jobs and simultaneously witness a fall in the unemployment rate? Well, those figures don't allow for the people who are simply "defined" out of the workforce. For instance, the number of "discouraged" workers - literally people who have given up looking - increased by 53,000 to 861,000. In other words, more people "left" the official unemployed pool than joined it...even though they didn't actually find a job. Incidentally, that's the most "discouraged" workers since the recession began...which is pretty discouraging.
But why would people stop looking for a job when there's a recovery underway? Don't they watch the news? Good question. Maybe they went home for the holidays to sleep on Ma and Pa's couch...or maybe they're waiting until after Christmas to renew their efforts...maybe they're just fed up with getting knocked back...
Or maybe it's all of the above...
According to the Department of Labor report, the number of long-term unemployed (those jobless for 27 weeks and over) increased by 293,000 over the past month to 5.9 million. Two in five unemployed people now fit into the "long-term" category, up 2.7% from last month.
Statistics, you see, are rarely as straight-faced as they first appear...particularly when they end up on websites ending in "dot.gov."
To underscore the point, we begin today's issue with a few observations from The 5-Minute Forecast's Ian Mathias, who unpacked yesterday's jobless claims data for us...
Initial claims for unemployment insurance fell to their lowest level in nearly a year last week. The Labor Department proudly announced that "just" 457,000 Americans filed for their first week of unemployment benefits. That's the fifth straight week of decline, the lowest number since September 2008 and the second consecutive report under half a million...a sort of "Dow 10,000" headline grabber. It would appear that the jobs scene has suffered its worst:
But what how does this same employment environment look through the lens of history? A bit more interesting...
We celebrate the jobs scene stepping back from the brink, but there must be some merit in noting that our current state of jobless claims "recovery" is at the same level of the worst - the absolute peak - of the last two recessions. We're also not even halfway back to the pre- crisis norm, nor are jobless claims below a level that would disqualify a double dip, as illustrated in the early '80s.
APOLLO - The 'end' of the '02 - '03 recession -- morbius, 16:31:56 12/04/09 Fri
was the beginning of the housing bubble. See any new bubbles forming (Afghanistan bubble)?
Rip -- Skinee, 15:32:00 12/04/09 Fri -- ROAN, 16:28:27 12/04/09 Fri
To hell with the major stocks; when the boys here say go I will back up the truck for bullion.
I remember the March 2004 UE Report (Feb 04) March release -- APOLLO, 16:17:14 12/04/09 Fri
it was a surprise up move & signaled the end of the 02-03 recession. PM stocks rallied back that day after a sell-off - following several months of gains, but the following week (second week in March), they got crushed. This report today, like first week in March 04, is a game-changer. Going to have to stay very nimble next week.
- -- faloffal, 16:17:08 12/04/09 Fri
Japan, the 1966 Fire Horse has gotta be the most amazing demographic stat in the world. There are three other countries that stand out, and one other 'situation' that involves multiple countries
The first one is Japan, and other SE asian countries that saw a HUGE spike down because of reluctance to have a Fire Horse baby.
The second is Ireland and the HUGE spike in children born during the 70's uprisings.
The third is Israel, and the three rising wedges. This pseudo country is breaking out in 2010
The Situation is the Eastern Bloc swap in 1956
I've mentioned before the bullish countries going INTO 2010. (in other words, it ends 'suddenly')
1. Western Europe generally, bullish into 2010
2. Germany, very bullish into 2010, buoyant into 2015
3. Austria, very bullish into 2010
4. Belgium, mildly bullish into 2010
5. N'lands, mildly bullish into 2010
6. GB, mildly bullish into 2010
7. Swissy, bullish into 2010
8. Ireland, mildly bullish into 2010, a slight rest and very bullish into 2025
9. Hongkong, very bullish into 2010
10. Singapore, very bullish into 2010
11. Financial cities of North America (Vancouver, New York, Toronto), very bullish into 2010
12. Chile, very bullish into 2010
13. Israel, mild to flat into 2010, then screamin' bullish after 2010.
PM Stocks -- jesse22, 16:11:42 12/04/09 Fri
Didn't appear to believe the up move in POG and now they don't appear to believe the down move. I actually thought that if we ever had a slide in POG like we had today, PM stocks would plummet at least 10%. The fact that they didn't, is encouraging. Maybe it's time to start dipping into PM stocks again.
Apollo / Monday -- Sherlock, 16:08:53 12/04/09 Fri
It could go either way. But the fact that the PM stocks basically mirrored the POG shows somebody was scooping them up today. I don't have the guts myself,but good luck to those that did.
Looks like we could also close on top of Philbond's serious support point -- APOLLO, 16:03:51 12/04/09 Fri
1160 - pretty good day all things considered, but Monday could still be a very tough day.
PM stocks -- Sherlock, 16:03:14 12/04/09 Fri
Not too bad considering the big drop in gold. For instance gold is down 4% and GDX closed down only 5%. No tremendous down leverage .
Mikikis -- RIP, 15:54:31 12/04/09 Fri
The carry trade is typically long yen...and short US dollars.
They rarely differ much....and often move in tandem.
Translate that into today's currency numbers.
Someone got destroyed.
The Japanese have been begging for a lower yen.....and got it today with the US jobs report.
I've covered most of my short positions -- APOLLO, 15:53:20 12/04/09 Fri
looks like we close just inside Frustrated's channel & Silver's done remarkably well
- -- faloffal, 15:51:34 12/04/09 Fri
Admiral Blair, military...
“the primary near-term security concern of the United States is the global economic crisis and its geopolitical implications"
sometimes this forum wanders into this territory, and it's too f%cken bad. Peak boomer is just gonna hammer you son's of bitches WW2 babies for the fascist f&cks you are.
RIP - MXP -- Mikikis (), 15:42:31 12/04/09 Fri
Note that it is basically even with the USD today (so is the CAD). Newfound strength.....interesting to watch.
Last edited by author: Fri December 04, 2009 15:43:06
Edited 1 time. [Edit]
Yeah Skinee called a number of tops for the year. -- Kitcotodd, 15:42:34 12/04/09 Fri
[Edit]
- -- faloffal (), 15:38:36 12/04/09 Fri
The rising costs in gold mining were a clue that this sector is soaking up labour. The difficulty with the job stats, is that the big turn was Thanksgiving (USA). We're in a different reality right now... trust your instincts. For instance, take the steep plunge in gold: Will the new $au.oz number now clip a few guys off the afternoon shift?
Last edited by author: Fri December 04, 2009 15:42:12
Edited 1 time. [Edit]
Hey...I called a gold top at $1118 USD -- Mikikis, 15:41:27 12/04/09 Fri
Not bad...was only off by 107 bucks.....
RIP -- Mikikis (), 15:38:34 12/04/09 Fri
Didn't you call a USD bottom at 80? And at 79? And at 78? And at 77? And at 76? And at 75?
I think you may be right finally....short term....
Last edited by author: Fri December 04, 2009 15:39:09
Edited 2 times. [Edit]
Last thing most here want to hear -- Mikikis (), 15:34:03 12/04/09 Fri
Skinee called the top within about 10-15 bucks on this board. He did say that it was the highest price for gold on the year around $1210 or so......of course we won't know for another 4 weeks.....
That's funny stuff.
Last edited by author: Fri December 04, 2009 15:36:38
Edited 1 time. [Edit]
Skinee called a top at $260 -- RIP, 15:35:08 12/04/09 Fri
[Edit]
Was starting to wonder if we would never see profit taking in PMs this year-end -- Mikikis, 15:32:50 12/04/09 Fri
Some serious gains to be (being) cashed in by some....
This is a carry trade/Fed move -- RIP, 15:31:17 12/04/09 Fri
Two things.
Japan is begging for a lower yen.....desperately.
And someone wants Ben confirmed.
LSteve -- Mikikis, 15:30:36 12/04/09 Fri
"I sometimes wonder if the multi-generational ivy league heb thugs on Wall Street have a mathematical formula that models fear and greed and human emotions"
It's called technical analysis of charts. Charts/indicators are nothing more (IMO) than graphical representations of mass human market psychology.
What Realy Happened -- AU_NB, 15:29:48 12/04/09 Fri
Comparing actual unemployment rates for November 2008 and November 2009, unemployment rates appear to have actually INCREASED when "seasonal adjustments" are removed.
This got something to do with US Treasuries? -- GlodCoaster, 15:27:40 12/04/09 Fri
or this?
Standard&Poor's Launches S&P500 Gold Hedged Index
With the returns of gold rivaling that of the U.S.equity market, Standard&Poor's, the world's leading index provider, announced today the launch of the S&P500 Gold Hedged Index.The Index seeks to simulate the returns of an investment strategy which is long the total return of the S&P500 stock market index and long gold futures contracts, allowing investors to participate in the returns of the US equity market while hedging against a decline in the value of the U.S. dollar versus gold.
Standard&Poor's also announced that it has licensed UBS to create and launch investment products based upon the S&P500 Gold Hedged Index.
"In a gold-hedged strategy, investors are seeking to eliminate the risk of U.S. dollar fluctuations and are therefore willing to sacrifice potential currency gains against gold," says Liz Taxin, Director of Strategy Indices at S&PIndices. "By holding long gold futures contracts, investors stand to gain when the U.S. dollar loses value as expressed in the dollar price of gold." CON'T
Guess 75 in the USDX wasn't so 'toast' after all..... -- Mikikis, 15:25:51 12/04/09 Fri
Lives another day above that level....this time with a fairly convincing move....over 100 pips.....
World Cup Draw -- Mikikis (), 15:21:51 12/04/09 Fri
Pretty harsh draw for Mexico......have to fight it out against both France and the hometown squad (SA) in their group......ouch. Opening match of the tournament against South Africa.....hmmmmmm
Last edited by author: Fri December 04, 2009 15:23:17
Edited 1 time. [Edit]
Last time we had this type of move -- Mikikis, 15:20:54 12/04/09 Fri
It started a very painful period....I'm sure this time will be different, but this type of move is the real deal when it comes to trend breakers short term (and sometimes medium term). I don't think that gold will go much below 1100....we'll see.
$1168 says MarketWatch -- GlodCoaster, 15:09:29 12/04/09 Fri
NEW YORK (MarketWatch) -- Gold futures tumbled 4% Friday, sustaining their first major loss in a run that began early in November, as the U.S. dollar rose sharply after an upbeat U.S. jobs report.
On the Comex division of the New York Mercantile Exchange, gold for December delivery fell $48.60 to end at $1,168.80 an ounce.
Friday's losses erased gold's weekly gain. The benchmark contract ended the week down 0.5%, falling for the first week in the past five.
Greetings from the Hortons! -- philbond007, 15:09:06 12/04/09 Fri
Looks like gold sliced right thru that "support" zone, in the chart I posted this morning. That kind of momentum needs to be respected, and on that note:
It's fella's night, enjoy your weekend fellow bugs!
... those waitin' fer a pullback, here it be .... -- BWP, 15:08:18 12/04/09 Fri
.... better load up before it's over .... otherwise, what were ya waitin' fer? ... do it SOON! ...
Damn...................................! -- forthecraic, 15:04:07 12/04/09 Fri
Took the morning off to do a little hunting and look what happened. I would say we see $950 or so before $1,200 again.
morbius -- RIP, 15:00:48 12/04/09 Fri
Chinaman got the US industrial base because of Skinee's unions.
And even that, as the Chinese know, is temporary.
... it's over .... they gave us our little panic session and now it's time ta boogie ... -- BWP, 15:00:30 12/04/09 Fri
... don't sweat the downdraft, buckaroos ... we gonna double up onna way back .... gonna be a heap bigger POG than than before this modest correction ... dry yer eyes, girls .... todamoon ....
Treasurys plunge after payrolls improve dramatically -- Sherlock, 14:58:29 12/04/09 Fri
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices dropped on Friday, pushing 2-year yields up by the most since July, after the Labor Department said the economy lost 11,000 jobs in November, far less than economists predicted and feeding expectations that the U.S. economy is on the mend....http://www.marketwatch.com/story/treasurys-plunge-after-payrolls-improve-starkly-2009-12-04
morbius -- Frustrated, 14:57:52 12/04/09 Fri
don't know how to post them ...maybe I could email JoeB
the shelter .jpg's and he could post them for me...
... I notice the gold sissies are out in full force today .... -- BWP, 14:56:39 12/04/09 Fri
... is that a snot bubble I see comin' from yer nostril? ... here's a hanky ... GROW A SPINE! .... never seen such moanin' since my crazy cousin Harry got kicked inna nuts by a Yak ...
RIP - The Chinaman ain't dumb RIP -- morbius, 14:56:10 12/04/09 Fri
He didn't get the US industrial base by being dumb. He ain't gonna get the US gold reserves by being dumb, either.
Skinee -- RIP (), 14:48:08 12/04/09 Fri
We have a major dip in Barrick.
They should have known about political risk....when they moved(expanded) into Nevada....lol
Last edited by author: Fri December 04, 2009 14:49:48
Edited 1 time. [Edit]
Is this where I back up the truck! -- ROAN, 14:48:32 12/04/09 Fri
I have over 5 kg of gold now mostly acquired around $650. So I am not sad. However I took a sh!t kicking today. What price do I back up the truck and seriously load up with Au. Where will the bottom be on the current, what looks like, a short term drop? Thoughts?
Gold tumbles as dollar surges after positive data -- Sherlock, 14:46:56 12/04/09 Fri
By Moming Zhou & Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Gold futures tumbled 4% Friday, sustaining their first major loss in a run that began early in November, as the U.S. dollar rose sharply after an upbeat U.S. jobs report....http://www.marketwatch.com/story/gold-futures-drop-as-much-as-16-on-globex-2009-12-03
UE Report -- jesse22, 14:26:28 12/04/09 Fri
That 10% UE report means nothing. The drop can't even be reliably measured. Besides, a revision to that number is no doubt forthcoming. The UE report is merely an excuse to sell gold. It was after all, very top heavy and due for a correction. It's not often you see a 20% rise in POG without major pullbacks along the way. Whenever POG has gotten significantly ahead of itself, gravity quickly comes into play to bring it back to earth.
POG's move is tied to the carry trade risk factor -- RIP, 14:24:13 12/04/09 Fri
Like I said....the yen was not long ago considered next best to the $US as a safe haven currency.
All hell has broke loose today.
APOLLO... -- Frustrated (), 14:17:23 12/04/09 Fri
if'n it takes out that 50 day MA yeppers around 162 would
be the next logical area...there is a frus gapola fill @173.84
All I know - -- Hambone, 14:16:08 12/04/09 Fri
is I'm glad I sold Wednesday. That's something I rarely do right - sell. And I can tell you, it feels just as good to be out when they're down as it does in when they're up.
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Carmack, 19:04:09 12/05/09 Sat 
image showing relation between Six Pointed Star formed by two triangles and the number 13
Here'$ 0ne f0r TE0TFWAWKI Glee CluB -- 
