Oldtent Archives 2007 - 2008

You and sinbad are going to be like new again soon. Take your time. You have a lot of reading you can catch up on .

Glad to see that Macmin didn’t lose all its gain from yesterday with silver getting torpedoed today. I’m from the US. Got some New Guinea Gold too. Hoping to make some decent money on both soon.

Just give me a call tomorrow and I will load you up with numbers. 312 307 8373

 Hope you’re feeling better soon, AuGirl

Nice, fresh buyers right below.  Sccchhhwwweet.

Years ago my dad had his knees replaced. Shortly after surgery he got one of them stationary bycycles, rode it religiously every morning. Said that if he spent 15 to 20 min. on it in the morning he was good for the day, if he missed, he would be stiff. Just some info fwiw. Hope you heal up soon.
Best
Dusty

The first chart shows our downtrend channel from the 2002 high at 120. There is a measured move from the bearish rising wedges, with a PO to 55 around the November 2008 time frame. Notice how we clung to the top blue rail for 18 months starting in 2006 and now you can see how gravity is taking over and the waterfall look is forming on the chart. Folks this is not a bullish looking chart no matter what some of the talking heads may want you to believe. A near vertical drop is what I am expecting till we get to the 55 to 60 area on this chart.

This 2nd chart is probably my favorite dollar chart. It shows our present downtrend channel in relationship to a much bigger downtrend channel that goes all the way back to the all time high at 160 back in 1985. This chart also suggest a possible PO of 55 to 60 going out to June 2009.
Peace…Rambus

scot seems to have everyting he needs in inventory. haven’t been up there in a while. his website is apmex.com.

rno

the open interest is at 359,674 for december crude. tuesday, nov 13 is call expiration day. trading stops nov 16 (fri). the shorts have the advantage in this situation. a short squeeze is when the longs run the price up and the shorts cover. the longs ran the price of crude to record levels and the shorts never blinked. you have commercials and speculators on each side of the market. the vast majority of speculators are always on the long side. the shorts have the option of when to deliver. the commercial shorts always want to deliver first to save on storage and insurance costs. the longs (commercials) always want to be the last to take delivery because of storage and insurance. the short specs are waiting behind the commercials to liquidate at the opportune time. the long specs are like the recipients at a firing squad. the oldest long gets the first delivery notice. a long speculator really doesn’t want to take delivery so he has to sell now, regardless of price. the short squeeze didn’t work so the long speculators have to be out before nov 16 close. unless i’m dead wrong here (happens often), some commercial shorts are about to dump some oil on some spec longs. i don’t belive this liquidation is going to be very orderly.<G>

rno

Still pretty sore and using the ice machine and hydrocodone quite a bit. If I don’t make sense here, that is my excuse….a druggie…hahaha!! May get to pop a few blues in a couple of weeks…probably out of the pickup window. Is Scott still able to keep plenty of inventory? If this economic mess continues with gold getting more interest, looks like dealers may start runnin’ a little short. All the best.—aggie. 

havn’t been quail hunting yet. season starts a couple of weeks earlier in texas. think it starts here the 12th. hope the knee is better.

rno

Funny you should ask about Rosen…..Have not received his e-mail yet today. Yesterday he said if gold has a close of $850, he would admit his analysis has been wrong. At that point he will  recommend added a mix of gold and shares in increments of 1/3 of investment funds averaged in over time. If something changes I’ll let ya know. However, I was impressed with his commentary yesterday, being able to admit he has probably been wrong and moving forward. He is still a very strong pm bull. I just think he puts too much emphasis on EW without using common sense fundamentals on some occasions. He still has my ear and my interest. All the best.—-aggie

i didn’t think the hang seng would stay at 30,000 when it bounced back up. looks like the cab drivers and waitresses in hong kong better hustle for some more tips. (monetary, not investment)<G>

rno

southernledger.com/blogs/rogerhedgecock/perspective/?m=200711

Algoraphobia-the belief that one will spontneously combust due to climate warming