Oldtent Archives 2007 - 2008

ah yes… been up on that for years… the incestious relationships abound,,

..we wil see if Land Prices appreciate with Gold….or if we have Stagflation……Land Down Gold Up….

DONT BE FOOLED!!!…Goldman & The rest of the crooks,
know the underlying strength of this BullMarket….

They will stop at NOTHING to STEAL your Gold on the cheap!!!

Are you willing to give it away????

I’m NOT!!!…

Mr.GoldBug

Excerpt from the Bible Code: Skip 91, Start 724339 (New Testament)

Goldman Sachs is the U S Government

all up tight over the lies of goldman should as sinclair suggests

would advise the many that have inquired about this article to put their money into a failed bank and a collapsing State fund while leaving the rest in US dollars. Would that make you comfortable

Then why does Goldman Sachs continue to reduce their short position on the Tocom? Goldman Sachs has to be one of the most devious firms in US financial market history.

ANGELA BARNES
Globe and Mail Update
November 29, 2007 at 3:03 PM EST

Gold bugs have mostly had it all their own way this year, but that won’t be the case next year, Goldman Sachs Group Inc. believes. In fact, the big brokerage firm recommends in its top 10 trades list for 2008 that investors short gold next year.

Goldman had recommended investors go long gold in its top 10 trades list for 2006 and bullion went from around $500 (U.S.) an ounce to $650 at the end of that year. Bullion has continued to climb since. This year it rose from $636 at the beginning of the year to as high as $845 on Nov. 7 and is currently changing hands at aound $795 on the London Metal Exchange.

But the 2008 top trades list, drawn up by Goldman’s global markets team, suggests investors short gold priced in U.S. dollars in order to capitalize on a gradual relaxation of credit concerns in the financial sector over the coming months and as an avenue to benefit from the prospect of the U.S. dollar stabilizing. Bullion has been one of the main beneficiaries of the financial turmoil that began in August as investors sought alternative stores of value to the weakening U.S. dollar.

(A short sale occurs when the seller borrows a stock, commodity or currency and sells it, expecting the price to fall. If it does, the seller buys it at the lower price to replace the commodity that was borrowed.) The team anticipates that the greenback, which had a tough time in 2007 against global currencies including the Canadian dollar and the euro, will find its footing next year as the U.S. Federal Reserve Board cuts interest rates and thereby lowers the risk of a recession, and the U.S. trade balance improves further.

The team also makes its argument for shorting bullion on the basis of technical analysis. That, the team says, suggests that gold is topping out and that longer-term momentum indicators are turning lower. “We see scope for acceleration through $770 to re-test the $600-650 levels prevailing ahead of the summer,” the team said.

The team also suggests investors short small capitalization stocks and go long large caps and opt for stocks from a variety of countries, given the risk of choosing stocks from just one country.

Another of the top 10 trades for next year is to short 10-year Canadian bond futures and go instead for 10-year Swiss franc bond swaps as the rate differential between the two has gotten out of whack.

A further one is to go short the British pound and long the Japanese yen to capitalize on the expected slowing of the British economy.

“Sterling remains one of the most overvalued major currencies” in Goldman’s trade-weighted valuation metric while the yen is comparatively cheap, the team said.

“On top of this, the narrowing of interest rate differentials between Japan and other major industrialized countries, including the U.K., make Japanese yen funded carry trades less attractive,” the team added.

Bill,
Simply incredible to see how rapidly mining costs are rising worldwide, and thus how much the prices of metals (particularly Au and Ag) need to rise IN ADDITION to their own fundamentals to compensate for these hyperinflationary (and these truly are hyperinflationary) forces.
Andy

Silver Standard says Pirquitas costs up 50 percent

Thu Nov 29, 2007 8:05am EST

TORONTO, Nov 26 (Reuters) - Canadian miner Silver Standard Resources Inc said on Monday its massive Pirquitas project in Argentina will cost 50 percent more to build, but will also produce more, than previously estimated.

The capital cost for Pirquitas in northwestern Argentina is now estimated at $220 million, plus individual voluntary arrangement, up from last year’s estimate of $146 million, plus IVA.

“A significant portion of the increase in capital cost is a result of increased costs in global construction materials and inflation pressures in Argentina, particularly labor,” Silver Standard said in a statement…

-END-

Thanks on the bonds info.

Raw land, homes, condos, commercial real estate. My family has been in the real estate business since the 1920’s in Florida. Wish I had the answers. I keep going back to the Japan model of the early 1990s. 17 years later they still have not recovered. They are still busted for whatever reason (banks). The condo development in FLA has backed off considerably but there is lots of inventory. There are residential home projects going forward. One in the Jax area has 10,000 homes permitted and the fools are just starting to build. St. Johns County (FLA) had 40,000. single family homes permitted to be built the last time i checked. (early 2007) . Nationaly the NAR says there is a 9 month inventory. Do you belive them? Acerage goes for $2,500 per multiples to $100,000. + for singles. Who is going to buy? Where you gonna get the money? Is your employment secure. Do you have 30% down. The purchase price of some automobiles is what I paid for an acre of oceanfront with a 3,000. sq. ft. home in the 1980’s.  In 2006 I placed my license inactive, returned the listings to their owners, closed my corp. locked the door & walked away and have not looked back. One of my former clients called me in October. His previous price of $4,000,000. for 3 properties was reduced to $2,000,000. and nobody, I repeat, nobody had come thru the front door. Real Estate……. I don’t know…… but I sure read what’s posted on Gold Tent and I sure like that new 1 oz Eagle i bought last week at spot, thanks all.

buymore

…amazing Hitler Quote

…thats a keeper

The land has held it’s value…percentage wise,  just shy of that of bullion. And then there is taxes on the land that must be considered and the fact that it is illiquid. It has “gone up” in dollar terms right about 150% as you indeed have said. I have it priced on the high end of what my realtor has told me land is moving for…and I trust her judgement. But I also told her I don’t want to deal with any more lame offers….so I don’t want to even hear from anyone unless the offer meets the asking price.

BTW, the USD broke 80 after I listed the land….so I am in no big hurry to sell because of that….I am “holding my ground”….pardon the pun. hehehe

Arch

Société Générale said the monthly volume of junk bond issues peaked at €6.5bn (£4.69bn) in June, falling to zero in August, September, October, and November as investor flight from the market forced up yield spreads to stringent levels. Far from returning to normal, the credit markets appear to tightening even further into the Christmas season.

Spreads on three-month Euribor - used to price floating-rate mortgages and some corporate lending -have ballooned to 74 basis points, the highest since 9/11 terrorist attacks in 2001.

200,000 ounces at $1,000 an ounce would give about 200 or 300 per ounce profit, with costs remaining at current levels.

This gives $40,000,000 to $60,000,000 in profits, not the lower numbers that I had in my earlier post.