Oldtent Archives 2007 - 2008

sinclair

What happened to buying weakness and selling strength? We have been through this since gold closed above $524.90 and apparently this madness will dog you until you turn super bull at $1650.

I simply cannot understand why you are bulls when gold rises and scared to death when it reacts. It makes no sense whatsoever.

Can’t you decide fundamentally what you really believe and follow through with that? Thank God we are not a fighting force because our tanks would have only one gear: reverse.

Gold is going to $1050 and then on to $1650. My only concern is that I may be too conservative. If you are on margin in anything gold and not a professional with at least 25 years of professional experience, you are a raving nut job.

This is just a short term reaction which will run its course before gold establishes higher highs. You have seen this a million times

Good riddance Al Hubbard. You are perhaps dumber than a run-of-the-mill ‘C’ student in a secondary school, and that aint saying much.

Your public comments have sounded more obtuse, clueless, and promotional than a toothless obnoxious loud barking pimp standing in front of a brothel to promote an aging unattractive inventory. Hubbard epitomizes the stupidity, blandness, and mental vacancy that dominates economic policymaking.

Is mental wattage no longer important in such crucial posts? John Snow established a pattern when his empty headed parroted commentary used to dominate the Dept of Treasury. Paulson has caught the Snow disease. Hubbard sees a housing problem, sees a mortgage bond problem, lies about job growth, but points blame to Congress for inaction while bipartisan bickering has rendered that once august institution useless.
The whole world is watching, and the United States look like an embarrassment in stewardship. When not warranting shame from ineptitude, they provoke shame from corruption. As the world reacts with disdain for the stewards aboard the USShip of State, they sell the USDollar and purchase gold.

 No question you are right about Goldman as is everyone here. I think you’re also right about it being Sept. when he said “hold tight”. I’ve done that, and yes the HUI is above 400, so in that respect J.S. was right.

  Unfortunately, with the gold shares we have two markets, and so far it has boiled down to the large caps - most of which have performed reasonably well, and everything else that has performed rather poorly. Canadian jrs. being the worst, most of which are down from Sept. and in many cases down for the last two years or longer? I’ve said I’m sticking to J.S. and his advice because I do believe eventually the rising tide will lift all boats. That doesn’t make it any easier though when you hold stocks with hefty losses, like UXG, GRS, GSS, and the list goes on. Is trading every swing the answer? I dunno, I haven’t tried. Never been any good at picking tops or bottoms. I think though, after taking a beating on some of these stocks even as gold has rallied, it is natural to wonder what would happen if Goldman was right and gold fell.

   I said earlier I thought we’d have a huge rally in the next few days and I think it will last into January at least but I’d be lying if I said I wasn’t scared that we won’t and some of my stocks could fall even further. I’ve seen it happen before. It’s all about expectations I guess. Ya kinda expect that when gold soars like it has, the gold shares will follow. Begs the age old question, better to just hold physical? Shouldn’t be, but so far that has been the case. At least for me. Let’s hope that changes soon!

platinum and palladium today and put it all in pandimonium…

ha ha ha …

Somebody was asking about Breakwater Resources yesterday - They are a zinc miner.  Take a look at the five year zn chart.

http://www.kitcometals.com/charts/zinc_historical_large.html#lmestocks_5years

Even though the 5 year stockpiles are still extremely low in historical terms, the price pattern would not make zn investors warm and fuzzy.

Addenum: Nickle and lead also look to be in various stages of the same H&S topping pattern that zinc has completed.

swc was up a tad today, don’t know if it was that news or a recomendation last niht by some woman on Fast Money.

Pal is in the dumper and screaming lower.  The industrails have me a bit concerned.  This subprime issue is a true wildcard

WASHINGTON (AFP) — US President George W. Bush’s top economic adviser, Allan Hubbard, will step down at the end of the year, becoming the latest White House aide to quit the administration, the White House said Wednesday.

11/19/07- Homeland Security Adviser Fran Townsend is stepping down from her post after 4 1/2 years of service

Karen Hughes, Under-Secretary of State, is to step down at the end of 2007.

Attorney General, Alberto Gonzales, resigned effective 9/17/07.

Tony Snow, White House Press Secretary, resigned in September 2007.

Karl Rove, Deputy Chief of Staff, resigned 8/18/07.

Dan Bartlett, White House Counselor, resigned effective 7/4/07.

Rob Portman, Office of Management and Budget Director, resigned 6/19/07

Sara M. Taylor,White House Director of Political Affairs, resigned May, 2007.

J.D. Crouch II, Deputy National Security Adviser, resigned 5/04/07. 

Meghan O’Sullivan, Deputy National Security Adviser, resigned 4/2/07

Peter H. Wehner,White House Director of Strategic Initiatives, resigned 3/29/07. 

Harriet Miers,White House counsel, resigned effective 1/31/07.

John R. Bolton, Ambassador to the United Nations, resigned 12/5/06

Donald Rumsfeld, Secretary of Defense, resigned 11/8/06.

BILLINGS, Mont., Nov. 28 /PRNewswire-FirstCall/ — STILLWATER MINING COMPANY SWC announced today that Stephen A. Lang, the company’s Executive Vice President and Chief Operating Officer, will resign to pursue an opportunity with another mining company. Mr. Lang’s resignation will be effective December 14, 2007.

Commenting briefly on Mr. Lang’s departure, Francis R. McAllister, the company’s Chairman and Chief Executive Officer, remarked, “Steve’s knowledge and experience have been invaluable to Stillwater since he joined us in September of 2003. He has been a key proponent of the changes in our operations and improvements to infrastructure implemented over the past several years. We will miss Steve and wish him all the best in his future endeavors.”

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of the Republic of South Africa and the Russian Federation.

Maybe he’ll be a friend and cut off the supply of palladium for a while.

Volume is dead.  Look what number they have chosen to defend.

and a big ten four on that ..

So they can have new ammo to short gold at the next level which is most likely 887.50ish.

Also the TOCOM probably won’t let Goldman short more than they can put up…either in real gold or full cash deposit…otherwise Goldman would be pulling a COMEX there as well…shorting endlessly with no gold and only putting up pennies to the dollar.  But a Jap. company probably gets all the TOCOM free ice crean it wants.

Hong Kong and India are the only markets they haven’t weaseled their way into… apparently.  To my best effort I think Hong Kong opens at 7:20pm and India 10:30pm PST.  They always open up!  Let’s see what happens tonight.

Did you create that matrix yourself using software?  Just curious.  I thought those readings were only valid in the Torah (Old Testament)?  In other words, based upon the Hebrew language, not English.

www.healthresources.net/eoc/landing33.aspx?SRCCODE=HEZ4807K