Loading ...for thought, consideration and reflection. I even considered buying a Rosetta package (language learning CD/DVD set - very expensive, but THE BEST rated tool to learn a second language quickly…at least well enough to get around and get along) for Spanish. Outside of Belize, all the good alternatives to the USA are Spanish speaking 
Stick around, Bud - your perspective is part of the glue here…..
I have always found your posts interesting. Please reconsider
….please keep posting……sincerely FGC
Rancagua probably didn’t even feel the quake.
Chao all.
I wil just lurk for my own personal reasons from now on and not comment anymore …
the John Bird and John Fortune description of structured investment vehicles that floridagold posted on Goldtent at 21:35 on 5 November 2oo7.
The second funniest thing I read so far in November is tonight’s posting by Dan Norcini on JSMineset on the subject of the US Treasury wanting to offer advice to holders of US dollar-denominated vehicles, because if those holders (meaning mainly China but also Japan too I suppose) dont use their government wealth funds in the “right” way they could distort the markets. <g>. Well hello, US treasury, welcome to the modern world. <g>.
Bill,
This is turning out to be quite the Hollywood Blockbuster plot!
On November 12 COMEX gold was butchered for $26, and then was further brutalized in ACCESS trading for another $15 trading as low as $790. But then very strong buying showed up in Asia bringing gold all the way back to $805 before the November 13 COMEX session opened. So who could have been doing this resolute buying in Asian trade?
I tell you who it WASN’T. It wasn’t Goldman Sachs! In the November 13 session on the TOCOM Goldman Sachs sold short a gob-smacking 3,149 contracts to bring their net short position to 12,149 contracts. We now know that the November 12 shellacking of gold on the COMEX only resulted in a reduction in Open Interest of 3,041 contracts. This means that contrary to news commentary gold did not drop $26 on “profit taking”…it was hammered down with short selling. The Cartel obviously used a lot of fire power to get very little liquidation so it was absolutely imperative for them to hold gold down for the November 13 COMEX session to trigger margin call selling of the weak longs. This was nicely set-up in cahoots with the exchange who had very conveniently raised margin requirements by 20% just last Thursday! But their little game started to all go wrong as someone started to very aggressively buy gold futures in Asia that had been knocked down to a bargain basement level of $790 courtesy of the Cartel. What a nightmare scenario for the Cartel! An immediate rebound of gold to $820-$830 would generate zero margin call selling on COMEX. The Cartel was called into action to attempt to extricate themselves from the mess of bear raid gone awry. Thus Goldman Sachs sold short 3,149 contracts in a single session. That is equivalent to 80% of all the gold mined in the entire world in any single day! It increased their short position by 33% in one day. Even with this massive supply of futures into the market gold rose $15 off its lows to $805 as the COMEX session opened on November 13. Gold then continued to rise. The Cartel got really panicked and had to sell like crazy to get some downside momentum in order to get the margin call liquidation that they had been targeting. Finally they got COMEX gold down $8.9 on the day but it must have taken a lot of ammo. The Open Interest numbers over the next few days will reveal if their only achievement was to dig a bigger hole for themselves. Already the news is not good for them from the options pit. On the DEC COMEX Call options position the open interest has increased with this November 12 gold bludgeoning. That is very telling because not only did the current option holders not get fazed by the Cartel shenanigans but some more options were purchased in the $800-$825 strike range with only 14 days to expiry! That is a gutsy maneuver! Very unusually the HUI rallied 9.37 on a day when gold was clocked for 9 bucks…this suggest that some investors have got wind that there is Cartel blood in the water. This is NOT business as usual. Stay tuned!
Cheers
Adrian
Just riding along, from what I understand from Farmboy - riding a turkey is safer than riding in a golf cart with Irish! Have a good evening!
Ok Ok so it’s a turkey. Reminds me of the ole Thanksgiving joke, why did the smiley face cross the road…? cheers mm
NEW YORK, Nov 14 (Reuters) - Global gold demand in the third quarter rose 19 percent year-on-year to 947.2 tonnes on the back of robust inflows into bullion investment funds and improved jewelry consumption, industry-sponsored World Gold Council (WGC) said on Thursday.
Total gold demand for gold exchange-traded funds (ETFs) for the third quarter surged to a record 138.0 tonnes compared with 19.2 tonnes in the year-ago quarter, boosted by safe-haven investment buying amid credit market jitters, WGC said in its quarterly “Gold Demand Trends.”
http://www.reuters.com/article/marketsNews/idUKN1359172520071114?rpc=44
Sorry, I just realized that I’m still on (hack, choke, cough) dialup and
the rest of the world is on highspeed wireless ethernet.
Auric
Local Foreclosures Rocket
By LINDA RAWLS
Palm Beach Post Staff Writer
Wednesday, November 14, 2007
Faced with adjustable mortgage payments resetting at double and sometimes triple the original percentage rate, local homeowners threw away their keys three times faster in October than they did in the same month last year, studies released Tuesday show.
A deluge of factors working against cash-strapped homeowners in Palm Beach County and the Treasure Coast came together last month as the worst housing crisis in nearly two decades continued to wreak havoc on U.S. homeowners.
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The factors are becoming well known: falling home sales, rising inventories, tightened lending standards, a high percentage of homes owned by investors and adjustable rate mortgages resetting. Combined, they took their toll on area homeowners, who saw triple the number of mortgages sink into default as in October 2006, according to the clerks’ offices in Palm Beach, Martin and St. Lucie counties.
In Palm Beach County, 1,620 homeowners received mortgage default notices, according to the clerk’s office, compared with 541 in October 2006, a rise of 199 percent year over year and triple the tally a year ago.
In Martin County, there were 95 foreclosures last month, up 217 percent from October 2006, when there were only 30.
And in St. Lucie County, where the sound of hammers all day long signified one of the hottest real estate markets in the nation, until the bubble burst, 610 homeowners could not afford their mortgage payments. That compared with 193 foreclosures a year ago, an increase of 216 percent.
“These figures are a stark reminder of just how much the Florida real estate market has soured in the last two years,” said Mike Larson, an analyst with Weiss Group. “Foreclosures are surging because the housing market is still struggling to find a bottom. Home prices are slumping and lending standards are tightening - a nasty one-two punch for borrowers who are having trouble paying their mortgages. We’ll be coping with a high level” of adjustable-rate mortgages until the end of 2008.
Meanwhile, the National Association of Realtors opened its annual convention Tuesday in Las Vegas, where it tried to put a sheen on the doom and gloom of what many analysts say is, quite simply, the worst housing market in 16 years.
Home sales will fall to a seasonally adjusted annual rate of 6.7 million this year, the association’s chief economist, Lawrence Yun, predicted. Florida may see a particularly spotty rebound next year, after having been turned into “ground zero” for the housing market slump, he said.
Yun wasn’t the only housing expert slinging market predictions this week.
In an earnings call with investors, Robert Toll, chief executive of the country’s largest luxury home builder, Toll Brothers, went through the markets his company builds in, assigning each a grade.
He gave Florida an F.
I am certainly not hoping for financial disaster…what sane person would want that? It just smells to me like they are setting up another escape tunnel for the rats who spread the plague….But, you are right in that I am probably confused on the issue. On top of that, I am damn cynical of anything I see in involving government and business now days. Just too damn cozy to be fair for the common folk. Big guys pilfer unimagineable “profits” and the taxpayers pick up the tab…again, and again…
Thanks for the info and clarifications.
Arch
Just got home; Are you still up.
you “nickle” flipper! 
