Oldtent Archives 2007 - 2008

the neocons have opened the pandora’s box of financial deceit and manipulation…the biggest con game in history…the federal reserve “system”…a ship of brilliant fools.

Will enough sheeple wake up and react?…doubtful…unless and until they are hit on the head and led to slaughter.

Ron Paul would be the equal of a shot glass of MMS delivered to the lobbyists that run this country…to be consumed in one gulp without a chaser.  That would be a worthwhile event to witness…at a distance and upwind. 

to look at some of the non-oil/gas-related trusts that have done quite well since the 31 Oct. 06 tax change.  One such example is Westshore Terminals Income Trust.  At its current unit price its annual yield is only about 8 %, but as the chart below indicates this income trust has been able to generate a respectable capital gain since 31 oct. 06.  Westshore Terminals have a lock on the ship-loading facilty for coal leaving British Columbia enroute to Asia.  As near as I can tell, Westshores revenue is not at all dependent on the vagaries of coal prices or the roller-coaster  stockprice charts of coal-producing companies - unless the coal producers were to shut down completely and shipments of coal were to cease leaving the west coast of British Columbia.  We do not now hold any units of Westshore Terminals but it is on my buy list when funds allow a new purchase.

s=WTE/UN.TO&p=D&yr=2&mn=0&dy=0&id=p80278960614

Thanks, Equiz.  I thought I remembered you  held True as well, but didn’t remember your experience with it.  I talked to someone of position at Shellbridge before the buyout/merger and was convinced to add a little to the shares I inherited from the Dynamic deal.  It has been one of my worst investments, too, and have been thinking of finally throwing in the towel, taking the tax loss hit.  Your response has helped to confirm that idea.   Don’t need to know more about the general Canadian trust situation now, but might hit you up for info at another time.  Thanks.

If this has been posted previously I apologize…either way…it is worth a second look…

http://www.321gold.com/pr/ron_paul/121607_teaparty.html

red flag of True Energy in front of me.  I remember several exchanges about TUI/UN.TO with duc13 on Gold Forum in late 2005 which is when I decided to buy into TUI.  I continued to buy more TUI units all the way into August 2006 as it was heading down.  Then after the October 31, 2006, tax change when  TUI  took a hit like all energy trusts did, I noticed that TUI unlike some other energy trusts showed no eventual  recovery at all .  The chart below shows that. 

 From Nov. 2006 to Jan. 2007 I did several phone calls to officials of True Energy.  The kindest thing I can say about the responses is that I was stonewalled, and it is now evident from the TUI price chart since then that TUI spokespersons were unwilling to tell me their true situation when I called.   I ditched the last of our TUI units in 2007, at a significant loss, because I had lost all trust in this company. 

I posted previously on Goldtent about True Energy to winedoc at 00:32 on 13 Aug 2007 and at 18:52 to cannuckgold on 15 July 2007.  I no longer have the interest to try to find anything positive to say to you about True Energy, one of the worst investments I have made in a long while.

I will look again at your other 21:02 questions about energy trusts in general and may have a comment or two on those tomorrow. If it is relevant to you,  we do still hold several natgas- related energy trusts, and in fact recently increased our holding in Paramount Energy Trust, so we have not written off this sector as a reasonable place to have some of our income-generating investment portfolio.  But sorry I cant give you any encouragement to have True Energy as part of any such portfolio.

best wishes, Equiz.

stockcharts.com/h-sc/ui?s=TUI/UN.TO&p=D&yr=3&mn=0&dy=0&id=p65449914155

“History shows that governments tend to react to economic crises by increasing government control over the free market, so, yes, it is quite possible that the U.S. Government will respond to a future economic downturn with currency and capital controls.”

Ron Paul

tinyurl.com/23md32

Doug Casey
Chairman, CaseyResearch.com
December 13, 2007

~ ~ ~ ~

FreedomFest 2007 The BIG Debate 1 of 7 Ron Paul

tinyurl.com/2o4fwx

FreedomFest 2007 The BIG Debate 4 of 7 Doug Casey

www.youtube.com/watch?v=CC-ZxzYneOQ

FreedomFest 2007 The BIG Debate 7 of 7 Q&A

www.youtube.com/watch?v=E2rKQ6vyzYA&feature=related

….you said they would be done cutting….the Fed Funds Futures are betting 100% another rate cut. in January..and the lanuage of the release was the most alarming re the economic threat of the housing implosion yet

www.lemetropolecafe.com/chien_du_cafe.cfm?pid=6535

In the contest I guessed that the cut would be 1/4 percent and that the language would guide towards neutral. Well the 1/4 cut was not a surprise to the market, but the guide to neutral apparently was. Anyway, just to say my guess of both the percent and the language turned out to be spot on.

aurum

You’re not supposed to mention the word ‘addicted’ in certain company… but, yeah, with gems like this to look for:

…..On the one path is Great Pain and suffering….on the other…

……Total Complete and Utter Dispair

……Lord give us the strength to choose wisely…

It’s the addiction of watching a horrible wreck in slow motion, from a hundred different viewpoints…. with technical analysis.   Who could look away?

Shaka, Brah!  Where did you find that image?  That’s a very ‘local’ thing.

We always look for the Canadians ‘In Season’ about Jan. or Feb.  The snowbirds get off the plane the first day, with fluorescent blue skin.  Day two they are lobster-boil red, and later in the week various forms of blister-peel.  Tropical sun & UV index of 15… nobody listens to the sunscreen promos, they all want ‘instant tan’ like the locals. 

now that was NOT my musical taste - I thought you and Ment were talking about tip toeing thru the tulips and might like a little song to go with it!   Miss Vicki would not like the fact that you don’t like Tiny Tim! 

www.youtube.com/watch?v=c0f2aFhZ3Uk

‘Evening, Equis…

Been meaning to ask you about something…. I know you know something about Canadian energy trusts.   I hold some True Energy Trust that came out of a buyout or merger with/from Shellbridge Oil and Gas, which came about from a buyout of Dynamic Oil and Gas. I owned Dynamic and got hosed every step of the way.  My original investment in Dynamic is down about 70% with what I now own in True.  I know there were some changes in the Canadian energy trust laws which caused some real drawdown in prices.  So the question is, where do things stand now?  Any hope for relief or appreciation of the original drawdown?  Know anything about True or their prospects?