GR

Ohhh no,I remember trying to make a phone call fromm Fully’s handset phone the other night. I slipped I tell ya and well the phone wound up as a perfect “three pointer” in the toilet….but I got it out right away….maybe not soon enough. It it it was all Madam Crown or farmgals fault cause one of them left the lid open BWWWWAAAAA Home at last ahhhh .

The Illusion of Success…aka…Fools Gold

http://www.nytimes.com/2007/11/10/us/10fraud.html

Comment: A very sad tale. Seems a lot of folks are hoping, looking, for the Magic INvestment Bullet to Get Rich. IF only……thier ‘friend’, had told them of silver and gold.

Farmboy @ 21:35 pm

I know what you mean!  Reading thru all my normal places, there does not appear to be much good economic news.  Most of the things which are being talked and written about now, we talked about several years ago.  I’m not the brightest blub in the box, but even I could figure out that that loaning 125% on a house or 100% on a liar loan was not gonna fly far!  Somebody paying off 450 TRILLION in derivities when the “black swan” happens - well - it just ain’t gonna happen either.   Get GOLD/SILVER and LEAD! 

Is the economy really in trouble

Maybe copper knows?

Ron Paul: We have a Subprime Economic System

Ron Paul Vs Bernake…still shaking things up on Wall St.

http://www.howestreet.com/articles/index.php?article_id=5060

Docky

Thanks. Too bad he could’nt hang on for a while.

I’m gonna go stare at the insides of my eyelids pretty soon now.

Auric

PM Fever…..e me your Phone #….

.My Phone is dead for some reason…….was great to hear from you as well…….Heads up..I hear you have a new Location….hehe

docky @ 21:40 pm

Was about to say….most of us have done similar. Couple years back, I opened up a second account. My ‘Trading Account’. Was gonna trade my way to quick riches I was. LOL

Two years later, I closed the ‘trading account’. And moved what funds where left into physical….and the ‘Ment, Buy and Hold Account’. Even in a bull market….I just could not seem to get it right, the trading thing.

Good to hear some of your advice, has been put to good use, that some, have reaped rewards. Dont know about having the ‘balls’, or for that matter, even a lot of brains…but this market will test one’s patience, as trial by fire. Hope your friend will think it through a little ‘deeper’, and decide to acquire some stuff for the ‘longer haul’.

Best to you this evening, Farmboy

FGC……..Thanks for posting the updated version….

….of that chart for me.  Also, it was great talking to you on the phone.  I’ll try to call you back this weekend so we can finish the conversation.

 GR

give him a Silver Eagle. And send me the bill

:)

I’ll take care of him… :(

Fullgoldcrown @ 21:34 pm

By chance, you would not happen to have a similar chart showing Silver/shorts??

INquiring minds sorta thing,

Farmboy…

He waited and waited and waited and even got one of HIS friends into Silver Wheaton before he did…THEY were adding to their positions on dips and they are still in…and love me for it since my friend told them it was me who told him about it…

A weak hand will watch the price run away first before getting in - they will always wait for a top before buying, and they will sell soon afterwards in the reaction…usually at the bottom! I did the same thing when I first started out a last summer.  It took me months to retrain my brain to do the opposite.

This is what most people will do.  There is nothing to be done for them accept talk about other things now.

docky @ 21:33 pm

Geesh! Tell me, this guy has a ‘real job’, and doesnt make his living ‘Tradin’. (grin)

Do me a favor, give him a Silver Eagle. And send me the bill…..Farmboy

floridagold @ 21:18 pm

Reading your posts tonight gives one an errie feeling. Tingles the spine, causes the hair on the back of the neck to rise. The World’s Economic system….those ‘Paper Promises’, well, I get the feeling we all are standing in the middle of a minefield….just waiting for the next, sprang…KaBoom.

So happy to have some golden body armour. Yep, Best, Farmboy

for GR

gr.gif

Bill,
In the November 7 session on the TOCOM Goldman Sachs COVERED a quite significant 912 short contracts to bring their net short position to 8,797 contracts. In the 22 months that I have been tracking their position there is only one day on which they held a smaller net short position and that was October 30, 2007 when their net short position reached 8004 contracts. Goldman Sachs is clearly trying to get out of their toxic short position before the gold price really blows up. (P.S. It gives me so much pleasure to have to re-scale this chart everyday because the POG is going off-scale. It is certainly a thrill to finally have $850 as the top of the scale!). This beautiful 17 month declining trend channel of the GS short position speaks volumes; the jig is up, and they know it! And we know it too!

Cheers
Adrian