Oldtent Archives 2007 - 2008

edition.cnn.com/2007/WORLD/europe/05/29/russia.missile.ap/index.html

JP moron is a trading house that buys and sells for clients. This could be some of the “smart money” people that are currently under discussion.

Heck, it could be goldscum sucks using moron as a proxi to by gold. Or it could be Wanka filling up a pirate’s chest prior to burial. A BIG pirates chest! :o)

I sure would like to know who their client(s) were on this delivery.  It makes me wonder what they know that is lurking just below the surface!!

…but we did take the “scenic route+ home…thru Tokyo..hehe…

….Gata go take my bath now…..later

I have been in the process of updating my analysis. Things are getting very strange.

As I have been saying for some time silver looks like it could explode any minute and some of the incentive of the filth pounding gold may well be to protect silver. I think they are failing. Silver may take off and the filth may try extreme measures to hold the line on gold.

The basic supply and demand fundamentals favor much higher gold prices….some day. The question is when will S/D overcome the schenagians of the decrepid filth.

I have not moved my channels. The range I see is still $645 on the low side and $695 on the high side for the next 4 - 6 weeks. I do not think todays action is significant in the medium to long term view. But i liked today’s action!!

The long term moving average continutes its steady climb. Production is down. Consumption is up. Without the filth we would all own beach front estates and could turn Belize into Goldtent City. The charts to me are bearish, but I do not consider charts to be credible in a manipulated market. (I expect to hear from alternate opinions.)

I still can’t quantify the effect of the gold and silver ETFs. In my gut I see these as pools of physical at the disposal of the filth. I believe that the ETFs are responsible in part for the poor performance of physical over the last 4 weeks. The ETFs have seen a large net withdrawl during this last pounding of gold from $690 to $650. This could be attributed to traders dumping a bad chart, or the ETF selling its gold causing the PoG downturn followed by ETF withdrawls. Some who follow this very closely claim the latter and I believe them.

The very large and unusual changes in the open interest is also difficult to factor in. I am getting a little blinded by Bill Murphy’s analysis of the COT. I don’t think these are the same markets as when he was an active floor trader. He knows tonnes more than I, but I can’t step up and claim that there is now “smart money” that has gone long and will stay that way in a down turn.

I believe smart money will take the filth’s offer of physical gold at the least possible price. If there is a large pool of investors out to accumulate physical I think they are also “gaming” the system. It would make sense to me to cause the filth to begin to question their effectiveness and their game plan.

In effect “smart money” may be trying to get the filth to over committ and then squeeze them. To me that has to happen in the futures market not the options market. The paper hangers can play the paper game forever, it is in the physical market where they will fail.

My gut feel? I feel if you have the funds, buy now. Get physical. Something is going on and it could be a gold and silver explosion, or it could be a rapid change in the global status quo.

There are power hungry self appointed demi-gods who seem to think it is their destiny to rule the world and wea are all destined to be their subects.

Between the goldscum sucks fraternity, the rest of the huge international banking concerns, and the neo-cons we may be watching a historical power grab. It would be good to have even a couple of extra oz’s at hand including a few extra ounces of lead.

Sorry for the length, but my analysis does not spit out a number, but ranges and risk. The non-numeric factors need normalized quantification (and cooeficients) that beg discussion.

thats more gold than most countries have in Reserves….and this investment bank took delivery of this in 1 Day…….kind of nullifies all the European CB sales of late……hell I guess you could say the Bank of Spain sold thier gold to the U S of A…..eh?

The beginning of better things, I hope.

I’m crushed. Scruffy is much better looking than that. That puppy on the coin is BALD!

Scruff is a Border Terrier. They are a wonderful breed, one of the oldest and least known of breeds outside of the UK.

1 contract = 100 troy ounces

JP Morgan took delivery on 1, 162,800 troy ounces or

79,753 lbs of Gold or

36.18 metric tonnes of Gold

11,628 contracts sounds like a lot of gold to take delivery on. Comments please.

or were you perhaps in Tokyo???

Hmmmm

The article forgot to mention how GS is in Europe “buying up” (read taking over) distressed banks all over Europe and the UK. The are gaining banking control around the world.

thanks for the Midas update…thats very significant news….Midas gets to goods first some times….and gold tent gets it pretty quick too….

and …..

TOKYO - A glittering bathtub made of gold worth nearly $1 million has been stolen from a resort hotel, an official said Wednesday. A worker at Kominato Hotel Mikazuki in Kamogawa, south of Tokyo, notified police that the fancy tub was missing from the hotel’s guest bathroom on the 10th floor, according to a local police official who only gave his surname, Ogawa.

The round tub, worth $987,000, is made of 18-karat gold and weighs 176 pounds

First law is passed to make Bush all powerful in the event of something, and now

May. 31, 2007 0:25 | Updated May. 31, 2007 10:20

Israel to ready public for ‘all-out war’

Article here:
tinyurl.com/3xuwp8

Holy Moly, $22,000…here, kitty kitty  

Moggy