Oldtent Archives 2007 - 2008

come on, SKI is a Loser in out in out, why would anybody care!

..if posted here by SJK…..hehe

Fast pay makes fast friends!  Thank you.   Some people are still wating on payment from a couple of years ago - hey FGC!

I can’t figure it out either. I am up to my eyeballs in GPXM because they are a producing mine…but AUA just keeps on truckin’

…I was aware of this thru GATA…..this author sounds like GATA….very concise to the point re the Gold Cartel……..for anyone who wants to explain it all quickly to anyone …have them just read this one

www.ameinfo.com/108894.html

i posted about aua yesterday and no one answered……why should these juniors be any different than goldenphoenix????????   that has been shorted down !!  (at least gpxm.ob is in full production with assay’s of 5 , 10, 20%moly whereas adanac has assy’s of 0.15%)

GoldBalloon @ 17:54      

I don’t have info on Ron Paul in Reno.  I only assumed that you would likely make “the great balloon race” there in early Sept.   There is a good chance I will be there.  The lift offs at dawn are worth getting up early to see.

I support Paul, but really believe that the new paradigm is too far along for any one man, or political party for that matter, to make a difference in the ultimate outcome of events.  We are globalized already, (there are other adjectives that are a better fit).  Done in broad daylight, under the cover of distractions, and if not with outright public approval, at least without our resistance.  Anything or anyone standing in the way is, IMO going to be run over.   We are after all, either ‘with it or against it’ aren’t we?  Personally. ‘I’m agin it’, as grampa used to say, but am not planning to be run over either.

Equisetum @ 15:58 pm

Thanks for your reply.  Hope you do not hold back on your opinions in the future.   I don’t know didilly about TA or FA but do trust my ability to assess who is a person of good will and integrity and who is not.   You have a good nose my friend.  Your willingness to share is a most admirable trait and I fully understand your reluctance.  I follow all leads with DD.   Tracked NAK for quite a while before buying in.  It does not seem to run with the pack.  Its a jungle out there eh?

 best to you

molyminer @ 20:16 pm

Is that like around the McCall area?  When I go to Reno I trek down 95 from Lewiston.

Farmboy @ 14:06 pm

Intel update:  A high volume dealer in my area sends a buyer on a route around the northwest.  When he comes back he has a load of what he calls scrap silver.  It consists of all sorts of dishes, platters, silverware and jewelry.

Because I could not get my daugthers interested in coins, I bought silverware and misc for them.  Their interest exceeded all expectations.  Needless to say I was delighted and wished I had had a video camera rolling as they plowed through the loot.  They did the bash, they did the Bolster bash!!

Back to the point.  He explained to me how he picks through it for the most premium stuff, which he holds for a specialty buyer he has, who comes from the Seattle area and pays him a handsomely for the select stuff.  Endless arbitrage eh?  When I asked what he did with the sterling he didn’t sell he walked me around the corner to show me the 1000 oz bars, ingots really.  He wouldn’t say whether the buyers for the ingots were in country or not.  

Silverware, not a bad buy as it is being melted down and its availabilty decreasing.

When I was a kid my dad had a furniture store.  I made regular trips to the dump with those old round oak pedestal tables, after delivering the new formica ones to the proud  owners.

juniors, why the focus on Adanac when there are opportunities in Roca and Northern Dynasty with respect to moly production?  I noted that MolyMan (18:52) recognizes the moly production schedule for Roca (ROK).  As for Northern Dynasty, its estimated molybdenum reserves stack up very well in comparisoon to Adanac’s moly reserves.

Although I was an eager investor in Adanac two and three 3 years ago when MadMike was keen on it too, at some point I came to believe that the press releases out of AUA were a lot like the hype associated with   ECU in the silver sector.  I just have easier alliances with sleepers like Roca and Northern Dynasty, with respect to moly production by juniors.

www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=199647

www.youtube.com/watch?v=rNQRfBAzSzo

By Caroline Salas

The exterior of the New York Stock Exchange

July 31 (Bloomberg) — On Wall Street, Bear Stearns Cos., Lehman Brothers Holdings Inc., Merrill Lynch & Co. and Goldman Sachs Group Inc., are as good as junk.

Bonds of U.S. investment banks lost about $1.5 billion of their face value this month as the risk of owning the securities increased the most since at least October 2004, according to Merrill indexes. Prices of credit-default swaps based on the debt imply that their credit ratings are below investment grade, data compiled by Moody’s Investors Service show.

The highest level of defaults in 10 years on subprime mortgages and a $33 billion pileup of unsold bonds and loans for funding acquisitions are driving investors away from debt of the New York-based securities firms. Concerns about credit quality may get worse because banks promised to provide $300 billion in debt for leveraged buyouts announced this year.

“The market is being driven by fear,” said Mark Kiesel, who oversees $80 billion of corporate debt at Newport Beach, California-based Pacific Investment Management Co., manager of the world’s biggest bond fund.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aKsqEJVi3TZc&refer=home

Macquarie Says Fortress Funds Value May Fall 25%

Aug. 1 (Bloomberg) — Macquarie Bank Ltd., Australia’s largest securities firm, said investors in some of its high-yield funds may lose as much as 25 percent of their money amid the fallout in U.S. subprime mortgages. The bank’s stock slumped.

Macquarie Fortress Investments Ltd. was forced to sell assets and use the proceeds to reduce borrowings and comply with lending covenants, it said in a statement. Investors in notes from Sydney-based Fortress may lose A$300 million ($255 million), the Australian newspaper reported earlier.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahMhkiRGaITo&refer=home

“The fund also has less than 0.5% of its assets in subprime securities. Most of the assets are higher-rated mortgage-related securities.”

Note: the mortgage monster has completely spread to prime IMO.  How many more funds does Bear Stearns have that are in trouble?  This news is going to kill the financials and probably SM in general tomorrow.  Big down day is my guess.  Pick a short and go with it..

NEW YORK, July 30 (Reuters) - MGIC Investment Corp. (MTG.N: Quote, Profile, Research), a mortgage insurer, said on Monday that it could be forced to write down the entire value of a $516 million investment it has made in a venture which invests in the credit risk of subprime residential mortgages.

http://www.reuters.com/article/marketsNews/idUKN3044635320070730?rpc=44