Oldtent Archives 2007 - 2008

Your the man about town on these things…you have any news on what is happening with the Silver shorts on COT? They looking anything like the Gold ones?

Thanks, Farmboy

Howdy FTS.

Whats next you ask? I figure it one of two ways. Over the next couple years Gold continues to do as it has for the past five years. Methodical slow but ever upward climb towards that ‘Inflation Adjusted’ price of at least 2,500/ounce. Or, the entrophy of the Financial System goes into a long overdue Major ‘Correction/Failure’, and we wake up one of these mornings and wont need coffee to get the eyelids in full open position. Figure, its a toss of the coin to which happens first.

And Silver?? I think that has even more explosive power due to the industrial demand, low inventory figures. And I think, the fuse has been smoldering for quite a while now. Best have a case of your favorite beverage when the Fireworks show starts. (grin)

Best, Farmboy

Very busy today.  Had to spend about 6 hours helping father in law with computor issues.  Then the family voted me to be the door greeter for Hallowe’en tonight.  Then I visited a neighbour.  Just got back in and finished reading most of the back posts of the day.

Will phone tomorrow, as it is late now.

Ron Paul

Son was telling me a few days after the last Republican Debate some interesting figures. (who in the world keeps up with this kind of stuff anyways?) Numbers are from memory so might be off a tad. Tried to get son to post article where he read the numbers…but he has been snowed under at work of late. There were approximately 11,000 words spoken by the Canidates during the last debate, of which Ron Paul only got in 700 words.

Mention that this evening, to show even with thier attempts to silence and stifle our favorite, it seems he continues to gain ground. Reckon its hard to keep a ‘Good Man’ down.

Lot can yet happen between now and next November Elections. Hope springs Eternal.

Best, Farmboy

Ron Paul’s wisdom and integrity…more importantly…his spirit and message…are surviving the huge obstacles placed by the moneylenders and the establishment.  It is really gratifying to see him proceed against seemingly insurmountable odds.

What the hell are we going to do for an encore?  It’s all comming from fantasy to fact, what next?

Bill,
I am completely gob-smacked! In the October 30 session on the TOCOM Goldman Sachs climbed aboard an F16 and headed down the runway with engines at full throttle and the after burners lighting up the night sky. They COVERED an astonishing 2,318 contracts to bring their net short position to 8004 contracts. This is the LOWEST net short position they have held since I have been tracking their position in January 2006.

Look at the chart of their net short position. The other day I was wondering if they would continue to cover in accordance with the established declining trend or cover much faster. We now have the answer: they are getting out of Dodge as fast as they can. This is very significant because given their high level connections this implies that they know that a rate cut is definitely going to be served up by the Fed tomorrow.

We have NEVER seen such a divergence between the POG and the GS net short position. These are definitely different times. This is the mother of all short squeezes.
Cheers
Adrian

Silver:

Bill,
Here are some interesting data from the Chinese central bank regarding silver:

September YTD Chinese Imports of Silver were 586,972 kilograms, taking the nine-month YTD total to more than 4 million tons, with a year over year growth rate of almost +65%. Additionally, in the first nine-months of this year China was a net importer of silver, bringing in 600,000 tons more than they exported, a huge 1.3 million kilogram swing from last year’s 9-month YTD net export total of 750.000 kilograms.
Best regards,
Brian

“I love to go to Washington -

- if only to be near my money.”

Bob Hope

~ ~ ~ ~

JBI

Paul’s Presidential Odds Drastically Slashed
Britain’s biggest bookie has Texas Congressman 12/1 to win White House, down from 66/1

Paul Joseph Watson
Prison Planet
Wednesday, October 31, 2007

Britain’s biggest bookmaker William Hill has drastically slashed Ron Paul’s odds of becoming president from 66/1 to just 12/1, putting him on course to go head to head with Rudolph Giuliani for the Republican nomination, which will be decided in the next six months.

After initially writing off the Texas Congressman as a fringe candidate, the establishment media are finally having to admit that Paul’s meteoric rise over the last 10 months have turned him into a frontrunner with a real chance of claiming victory should his growth curve continue…

-END-

Thanks, RNO. I’m learning that it pays to do the homework and pay attention to the fundamentals. I’ve been leaning almost totally to the T.A. side for many years now and almost always ignore the stories behind the scenes.

Thumb’s UP!

JBI

a well in the deep anadarko basin in western oklahoma may have 5 pay zones; two or three of which could be oil. sometimes the pay zone will produce oil, gas, and water (not desireable).

rno

The GATA news release circulated tonight was a corker.

The world’s biggest self-confessed Cartel, OPEC, has admitted it has been over-run by market forces.

QUOTE

“Another oil minister, Qatar’s Abdullah al-Attiyah, pleaded: “Please don’t blame us for $93 oil. … The market is out of control.”"

END

Next on the list will be the world’s biggest secretive Cartel, the Gold Cartel. I can just see the quote in the Financial Times now “Henry Paulson, another finance minister, pleaded “Please don’t blame us for $5000 gold…The market is out of control”!!

We are close, real close!
Cheers
Adrian

Here are the stocks that make up the XNG (natural gas stocks):

finance.yahoo.com/q/cp?s=%5EXNG

95% of the stocks that I own or have been following are PM stocks, so can’t help you much more with individual natural gas stocks. You may want to just simply “google” > natural gas stocks.

Good luck!

JBI

That was funny!!!!!!  I think you should e-mail that to CNBS ..hehehe