Oldtent Archives 2007 - 2008

http://www.economist.com/daily/kallery/displaystory.cfm?story_id=8857324

Press the play button….

Booyah!   http://tinyurl.com/3dlm72

sorry, i could read but not post … auDept sorted me out.  Thanks dude..  I really like the functionality with posting here. this is much improved.

…soee

…are going to the Big Dance Monday night…..leading UCLA, with 2:37 left in the game, 70-57….go Gators!!!!!

Two comments from fellow Café members:

This is the most important news in a long time for the markets. Without worldwide cooperation, the blatant manipulation of all markets (precious metals, currencies, equities) could not be accomplished or would certainly be hindered. The retaliation by China could have a profound effect on prices in the near future as they are likely to sell some of their vast dollar holdings to make a point. It is interesting that the tariff announcement came a day after a horrible 5-year note auction which showed very little foreign interest. I believe we are starting to see some real resistance to American domination of world economic and political issues (Saudi statement about “illegal” Iraq occupation, refusal by India, UAE, etc to allow use of airfields for Iran strikes, etc.). The long anticipated removal of the dollar as the “world currency” (dollar hegemony) is sure to follow and may occur very fast with an extremely rapid decline in the dollar in the near future. Without world cooperation in the manipulation, we may finally see the proper response of the markets to the pathetic condition of our economy - full of enormous debt and deficits, rampant inflation, diminished manufacturing base and corrupt government and corporate leadership. Chuck.

Bill did you hear them ring the bell? Greenspan has been warning of recession. Last week the Fed announced that fighting inflation at the expense of crashing the housing market is not a desirable policy. It looks like the new strong dollar policy of the past 9 months has ended. The Fed’s balance sheet is showing the most rapid build up of treasury and agency securities ever. Somebody has bought $46 Billion in securities in the past month. If it is the Fed buying securities to keep the banking system liquid then the great monetization of our debt has started. Last week in a major reversal of the past 6 weeks Total Commercial Paper rose $58 Billion, which again would suggest a liquidity infusion not a credit crunch. Today the Bush administration announced a reversal in 20 year old trade policies basically asking the world to crash the US $. It appears the new policy is weak $ and monetization of the stock and bond markets. The march down the Weimar Republic path has begun; as a reminder in the Weimar Republic Gold went to infinity. Coincidentally, the major drop in open interest during April-June Gold rollover combined with the highest monthly option expiration of the entire move could be foreshadowing a major move in Gold. Be long or wrong.
Garic

- - -> 10 BEST PERFORMING INDUSTRIES

DJ US Tires Index
…..44.24%
DJ US Steel Index
…..24.58%
DJ US Industrial Metals Index
…..19.12%
DJ US General Mining Index
…..18.77%
DJ US Trucking Index
…..15.32%
DJ US Nonferrous Metals Index
…..14.88%
DJ US Aluminum Index
…..13.71%
DJ US Marine Transportation Index
…..13.27%
DJ US Travel & Tourism Index
…..12.50%
DJ US Basic Resources Index
…..12.36%

- - -> 10 WORST PERFORMING INDUSTRIES

DJ US Home Construction Index
…..-18.65%
DJ US Distillers & Vintners Index
…..-18.44%
DJ US Mortgage Finance Index
…..-12.16%
DJ US Specialty Finance Index
…..-8.44%
DJ US Gold Mining Index
…..-7.65%
DJ US Airlines Index
…..-7.10%
DJ US Consumer Finance Index
…..-7.00%
DJ US Recreational Products Index
…..-5.35%
DJ US General Financial Index
…..-5.18%
DJ US Automobiles Index
…..-5.07%

NOTE: This weekly presentation of JBI Productions will now be shown exclusively at GoldTent until, and if, that day that GE’s management offers an explanation and apology to all the fine posters it has zapped in the past…….-G-

Amen!

JBI

www.economist.com/printedition/displayCover.cfm?url=/images/20070331/20070331issuecovUS400.jpg

Numb ers……….Great one…..

Nice post farmboy, I hope all you fellers early in on this goldbull know what yer talkin about. Love to dream on those numbers…Clink, clink of gold maples in my palm!!! Sugerplums in my head!! I’m with yas !! prize or no prize.

slingshot (3/31/07; 07:55:15MT - usagold.com msg#: 153879)
From the other castle
>>> Top Ten Lists - This past week

http://www.madblast.com/funny/5814_political-kooks-of-hazard.html

Now THAT is a chart!  Thanks but you did not have it filled out for me.

Have a good weekend!

Gold Contest

Price of Gold at Comex close December 21, 2007?

AuDept $1943.70

Shamrock $1468

Redneckokie $1466

Au1400inApril $1400

Traveler $1212

Dbbaha $1177

Just Buy It $1118

Wasatch $1106

TQ $1024

Rambus $980.59

Ipso Facto $962

North $923

JJay $919.44

Goldrunner $900.77

FullGoldCrown $900.76

Silver Rider $888

SonofBenson $876

Boombuster $875

MadMike $875

Goldgrub $857

Wanka $863

GGHolder $850

Farmboy $850

Goldmon $847

Mr. Copper $842.40

MarcusAurelius $839

Winedoc $813

Son of Eagle Eye $790

Floridagold $782

Scruffy $777

Kcamyar $699.20

Wayside $690

Spin Mystery $678

Finnerud J

That’s the tally for this contest. Prices are locked in and the sheet goes into the vault awaiting Dec 21, 2007. Thanks to all for joining in on the guessing contest, good luck, and good trading . 2007, the year the golden bull breaks out of the fenced barnyard, and enters the wide open pasture.

(Sorry windoc, no prizes ….this time) Was hoping Dr V would have thrown in a gold eagle, a sliver of silver, or just a t shirt, used even, but alas, he has decided to hang unto his advertising dollars. Give GoldTent a little more growing time, and I betcha we can do a much better contest. Yep, that I wager on. : )

Thieves and crooks!

 I’m wondering what happens when our mining companies start to pay dividends.  In the 80s runup the dividends from the mining companies were quite substantial.  Normally if you short a stock you are responsible for paying the dividends from that stock.  This could make shorting mining companies very undesirable.

ipso