Oldtent Archives 2007 - 2008

“Perhaps some of you are in a similar situation: The train appears to have left the station and I’m not on the train. What is one supposed to do now?”……………….

“Do you recall the folks who bought and held during the decades of the 1980s and 1990s and sat through 90% losses SEVERAL TIMES? In fact, if you’d bought USERX at the very bottom of the 1970s, in 1976, when gold fell from $200 to $103 an ounce, you’d have bought USERX at 11.30. If you’d have held that perfectly timed purchase until today, you still would not have even doubled your money over more than 30 years!”~ ~ ~ I feel very sorry for SKI and Rosen as I have said, before.  But amazingly, SKI just don’t “get it.”  That’s what happens in historical Bull Markets as the risk is the train leaving the train without you.  In fact, if memory serves the whole of Wave I was an xxed out run for around 700% gains.  Now, SKI wants to minimize the importance by comparing a period in which there was a 20 year bear market.  I don’t get it.  This is the risk of developing an indicator model which is primarily based on a bear market to use for trading a bull market, IMO.

a couple years ago i gave ski the benifit of the evaluation in an ‘eyeball’ not ‘investment’. i came away with an empty ‘huh’ kinda feeling thing. needless to say i did not spend time pondering or figuring or wondering the ‘wha’ of ‘hum’ the result of ‘huh’. so i took buymore’s example and just went and bought more… i know i’m a baaaaddd boy!! wj

Jesse Livermore said and Jim Sinclair now says….

Be right and sit tight…good enough for me.

i suspect he will not be getting a whole lot of new subscribers.. that rest of the story is on 321 gold ..

can you imagine his web site and the guys grousing about this call. ,, he still is waiting for a pull back..

it may come .. and he will ride the next wave maybe

The Freedom in the air I was referring to, is how Central and South American Countries are ‘divesting’ themselves of the former ‘influence’ of the US, and IMF, and the banks. Seems the ‘trend’ south of the border….is to seek a greater financial independence. (They dont want to go down with the USS Dollar Ship)

It just aint ‘Super Models’ that are figuring things out. Course, The American Public at Large….will probably be the last to ‘know’.

Best, Farmboy

http://www.stuff.co.nz/stuff/4263735a1865.html

Sitting back at the station, SKI begs the train to come back for him…………..Seems he would not pay $250 for  a ride.  Maybe he should step back and redo his system based on a bull market in Gold and Silver.  Looks like his followers so far have “paid the big bucks” as he says, to miss a 52% gain.   I think Rosen’s followers would understand…..It’s Deja Vu, all over again.

I share your hope of “Freedom in the air”.

Last gasp in desperation or a re-awakening?  Time will tell. Interesting times.

The last SKI Report on 10/14/07 continued to express skepticism that the gold stocks would extend their surge from the August 16th 2007 bottom.

In the last three weeks, however, the price rise continued at an even stronger rate than during the three weeks before the prior SKI Report. SKI HAS BEEN LEFT BEHIND IN THE SNOW (i.e., “in the dust”) as USERX (the gold stock mutual fund) has risen 52% over the past 55 trading days. I write about timing successes in these reports and am now writing about this miserable timing failure.

It is quite painful to watch the gold stocks surge week after week while I sit in cash making 4.5%. And it’s even worse when that cash in denominated in U.S. Dollars (affectionately referred to as “toilet paper” by some readers).

Some reading material for you when you have the time. IN regards to a few things we once talked about. Central America….seems to be in favor of cutting some ties to thier ‘former Masters’. I think the demise of the Almighty US Dollar….and some other influences from the past….well, looks to me, like Freedom is in the air.

Farmboy

http://www.bloomberg.com/apps/news?pid=20601086&sid=a62wuT87zP5c&refer=news

Regarding your earlier post and choices made.  I believe patience will prove golden.

Wish you well.

anyone with royal gold may want to take profits with the below news in mind and buy back at possible lower prices due to share dilution. the market speaks.
j

DJ Royal Gold Files To Sell 1M Conv Pfd Shares >RGLD
-> Posted by Floridagold7 @ 13:28 pm on November 5, 2007 :: Edit post
DOW JONES NEWSWIRES

Royal Gold Inc. (RGLD) on Monday filed with the Securities and Exchange Commission to sell 1 million shares of mandatory convertible preferred stock.

The company said the shares have a liquidation preference of $100 each. It will also pay dividends on February 15, May 15, Aug. 15 and Nov. 15 of each year to Nov. 15, 2010, and commencing on Feb. 15, 2008, Monday’s SEC filing said.

In a separate filing Monday, Royal Gold said it planned to sell an undisclosed number of convertible preferred shares but didn’t detail the terms of the offer.

The Denver-based gold royalty company said it plans to use net proceeds from the sale of the securities for acquisitions of additional royalty interests.

Merrill Lynch & Co. and HSBC were listed as underwriters for the offering.

The underwriters also have an option to purchase up to an additional 150,000 shares to cover over-allotments.

Royal Gold’s shares closed Friday on the Nasdaq Stock Market at $32.73 each.

-Brian Coyle, Dow Jones Newswires

Sorry, I missed your call..It’s late there now..

Wut happened? You get arrested or something         

Talk to ya tomorrow..AuGirl

Thank you for posting that item by John Fortune and John Bird.  It is the funniest thing I have seen in a long time.  I sat here by myself giggling, and the amazing thing is that just about all the funny things they said have actually happened in real life right before our eyes and ears.  Best wishes to you.

from time to time there is a large expulshion of baggass from the bottom. only then do i know its a conformation of the ‘bottoms in’
buy buy buy i say buy…..the bottoms in at 300 for sure!!!!!
begass baggass buttgass i say the bottom is in i say in. yes sir in! ahhh now i can take a christmas vacation. wj