Oldtent Archives 2007 - 2008

A contact I have in The Silver Valley says that maybe they aren’t…I’m sometimes a fan of Ray and always a fan of The Sunshine Mine, but rumor has it that Ray, David Bond and that walking insane asylum Bob Hopper have really stepped in some nasty sheep dip this time…with all the little side deals they have going…aided and abetted by corrupt local and state politicians and bought and paid for business people…

That you are friends with Ray is intriguing.  Did he tell you what he did at the first SNS (The New Crescent Mine Boys)  town meeting last spring?  I have pictures…

don’t know how soon relief is coming, but it’s in sight. canadian heavy oil is being delivered to cushing. several refineries are shut down while upgrading to be able to process the heavy oil. when these units come back on line, the demand for light sweet crude will be significantly diminished. many refineries will still need light oil but the pressure will be off.

rno

Could ya spin us a yarn or two about Yanks, banks and tanks.  Throw in a little thanks, some spanks and a bit o Tom Hanks. Be nice now, we don’t need any cranks, mm

you want to elaborate a little on that call to Ray ?     do you mean –the rest of the world is continuing their day-to-day activities ( their paycheck-to-paycheck) mentality hoping that tommoraow is / will be the same / or better than today ?  or do you mean that we are extremist in believing that 2012 is approaching mighty fast ( not that we forgot about y2k ) but we are preparing for any eventuality…. plan B.      just came back from nice after-turkey-day diner party— the mental aberration was  : just adjust your portfolio to go with the winners…..( but ‘no one makes any money in gold!!!!!’) this from the upper middle class living next door to nyc……  gotta keep up with the jones’ donca know!!!!

I appreciate the way you tune in to things. I think Sunshine Mine and Sunshine Mint are maybe two different entities. But the man is bustin his butt to get everything moving at SSterling. But for some reason I would rather have sinbad ,farmy ,silverfox , augirl,soee ,you standing next to me in Belize.

www.curenaturalicancro.com/simoncini-writes.html

Ray is probably sidetracked at the moment by his Sunshine Mint being raided by the Feds in their Liberty Dollar sweep.  Maybe he’s wondering what the next shoe to fall will be…

Was up at 75.165 just about half hour ago and now back down top 75.043, a few ticks below the open. The boys are trying to push the dollar up but maybe nobody is going for it.

Now if we could just get cannuckgold to get a little less depressed in  the markets by getting him to invest in some Saskatchewan-based  uranium/conventional oil-gas/bitumen plays/diamond plays, etc. in that province, then he and the Saskatchewan Roughriders could be really riding high.  And they do have a new provincial leader in the province who I hear is a little bit less left-leaning than the previous one, although I leave that subject to cannuckgold for any elaboration.

 Just bored…have no idea what this means:

TRADE DAY 11/23/2007 COMEX DELIVERY REPORT 11/23/2007 08:26:52
TENDERED/ACCEPTANCES GC NOV 07 SI NOV 07 HG NOV 07 AL NOV 07
DEL ACC DEL ACC DEL ACC DEL ACC
PRUDENTIAL BACHE COMODITIES, LLC 1 0 77 90
MF GLOBAL INC. 31 85
STERLING COMMODITIES CORP. 0 5
THE BANK OF NOVA SCOTIA 0 1
TRILAND USA INC. 0 24
F C STONE L.L.C. 1 0
BARCLAYS CAPITAL, INC. 70 0
MITSUI BUSSAN COMMODITIES (USA), INC. 0 22
CITIGROUP GLOBAL MARK==========================================
CUMULATIVE NOTICES 167 225 2,129 40

Something else smacked me in the face today.
For what seems only like a few days [but actually about 3+ weeks] I have had my ear to the phone with almost nothing but goldtenters. Today I spoke to Ray De Mott for the first time in 4 weeks from Sterling Mine’s. Take nothing away from Ray who is warm at heart but the difference was startling to say the least. I answered questions and gave info about the sand pit just like I was in a meeting atmosphere but it was after I hung up that it hit me. Compared to goldtenters ,Ray was like a man I didn;t know anymore. It was the attitude and his vision that seemed to jump out and contrast to ours so vividly. It would have been subtle to most, but it rang in my ears ,and does even now like a bass drum.
Ahhhhh ladies and gents, we have something here that is different. And from what I can see the chasm is growing wider by the day between what we stand for and what the heck the rest of the world we once knew stands for.

I see from the listing at 20:38 the Belize Dollar must have some Precious backing  

“footnotes” and “pro-formas” will be two contributing factors to a future melt down in commercial real estate.  Quote from NYTimes article:

What raised eyebrows was the financing of 666 Fifth and other buildings sold late last year and early this year, said Robert M. White Jr., the president of Real Capital Analytics, a New York research firm.

A group of lenders led by the real estate unit of Barclays Capital agreed to provide an interest-only first mortgage of $1.215 billion based on an annual cash flow of $114 million, or 1.5 times the debt service, according to a document filed with the Securities and Exchange Commission.

But a footnote pointed out that the cash flow from existing rents would actually cover only 0.65 percent of the debt service. Mr. White calculated that the building’s shortfall amounts to $5 million a month. A $100 million reserve fund was included in the debt package to cover the shortfall.

“This is one of the best examples of how excessive the lending market got,” Mr. White said. “Fortunately, before it got too far out of control, the market clamped down and put a stop to it all.” Barclays had no comment.

Two very good reads..

http://www.nytimes.com/2007/11/07/realestate/commercial/07kushner.html?_r=4&oref=slogin&oref=slogin&oref=slogin&oref=slogin

http://globaleconomicanalysis.blogspot.com/2007/11/credit-crunch-hits-commercial-real.html

I understand the ground is rumbling underneath you the last couple of days–Don’t suppose it has anything to do with the Annapolis Conference?

Israel goes on one high security alert level until after Tuesday’s Middle East conference in the US under threat of Hamas and other terrorist action

November 25, 2007, 10:45 PM (GMT+02:00)

Sinclair’s site is around the 100,000th most viewed in the world. I don’t know how many actual views that is, because I don’t think Alexa gives that info. If anyone knows how to find that number, let us know. Here’s the link: http://www.alexa.com/data/details/traffic_details/jsmineset.com

Alexa is a fun site. Actually, if you do a graph comparing a the views of a site like kitco to the price of gold, you will see a corelation. Peak was May 06. Right now, this index shows very low interest in gold, amazing since the POG is over $800, although the ranking of kitco has indeed gone up 21% in the last 3 months. Check it out.