Loading ...“An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.”
…………Bill Vaughn
~ ~ ~ ~
Hoping 2007 was as good to all here as it was for me and that 2008 lives up beyond all of our expectations!
Cheers!
JBI
13,191,200
A Happy, Healthy and Prosperous New Year to all our campers.
Thank you for all your wishes, wisdom and kindness. You are one of Poster’s Paradise’s real treasures, to say the least. I’ve been reading your posts now for about 2 years and have also read some of your editorials at GE more than once, always appreciating your style. I hope that 2008 will bring you and your loved ones much joy and that, somehow, you can find the time to share more with us here at our TENT. You are very much appreciated. Thanks a mil!
God bless!
JBI
arch0708.goldtent.net/2008/10/20/buygold-2013-pm-on-october-20-2008/
….a post one can keep going back to…..all the best in the New Year…..Your posts are gems….a touch of Class every time……
“”A Happy New Year isn’t likely for the economy
‘As Stephen King, the chief economist at HSBC puts it, “the excess liquidity of recent years has gone down the plughole. In its place is a credit squeeze,” which indicates “a financial system in crisis.”
‘This credit crunch – the most important economic development in 2007 – means that banks are hanging on to their cash and have become more cautious both in who they lend to and how much they want to lend.
‘This year, central banks like the Bank of Canada have been concerned primarily with injecting liquidity into the financial system in order to prevent a financial collapse. A liquidity crisis occurs when financial institutions cannot generate immediate cash to meet their obligations because the assets they hold cannot be quickly converted to cash.’ “”
======================
Comment: Storm clouds have been building for years; people for various reasons lost the ability to ‘read the clouds.’ And so, we are facing a big storm, largely the public is unprepared. Only a few years after banks were allowed to step outside traditional banking and enter the brokerage and insurance businesses, these latter two areas could become giant albatrosses around the banks’ necks.
Well, there is alot more that could be written. John Galt, bless his soul, has written over at his site that we should educate our near and dear. Really, just how to do that is a big question. ‘A prophet is despised only in his own country and in his own house.’ [Matthew 13:57, New Jerusalem Bible] For many, having lived all or most of their lives in a period of generally rising prosperity, it is outside experience and therefore imagination imo to think about the ‘what happens next thing’ if the fearless leaders were merely Syrens singing us to our doom, or even that they could do such a thing.
Now that the global financial climate is warming up, is it simply the warm autumn before the storm of deflationary winter?
This coming year will bring challenges, and I wish all goodwill that the character and other personal qualities needed by each of us, and our leaders, will be found in sufficient quantities to steward our longsuffering world to better times. May each of us come closer to a true relationship with that part of Eternity within us which is our Guide and Counsellor. May we be thankful for the good in our lives, and may we live in peace. TQ
Could be H&S top, but might simply be a rising channel [Connect the summer and October highs, and the August and November lows.] Since mid October a flag has formed, from just under 12,800 to near 13,800; with breakout near 13,400 we could see a new all time high of near 14,400 by end of February.
Of course, all that could simply be just some fuzzy headed bad cold induced fantasy.
Happy days to all good souls, TQ
Very well said sir. May we all live full and helpfull lives from here on out. And as Dusty stated, …never let time or distance separate us in the tent.
Love ya all!
that at some point Mr. Mc (holder of 21 % of shares of US Gold the last time I looked) might need to consider a corporate name change. I posted to that effect at 18:24 on 4 Dec. 2007 when, in reference to an interview with Jimmy Carter, I mentioned that ”the ex-president lamented that the U.S. has never been disliked internationally as much as it is disliked now. So maybe, just like a China name on a label is bad for marketing toys right now, maybe the U.S. brand name on a PM stock is not the most savvy thing for a corporate leader to do right now”. Take that quote from Goldtent 4 Dec as a <g> if you wish, but I think there is a stock marketing point to consider here. We own some warrants of US Gold and we would like this company’s stock to show positive results, but I do think there is a long wait in front of us before that happens.
Wishing you a pleasant 2008 in the PM markets and in your personal life.
In my little box I see a 1000 Kronen banknote of 1902. Also a Reichsbanknote of 100,000 Marks, from February 1923. They are now novelty items, occassionally found for sale at some coin shops.
On ebay we can sometimes see gold coins from the same era.
When I asked at an important used book shop in a prosperous part of town for the used books on financial history I was told:
‘ They don’t sell. We give them away to Goodwill or other charities.’
This morning at 8:30 a.m. some of the news included comments like:
‘US equities finished the year higher, but suffered a bad fourth quarter as a result of the subprime mortgage crisis.
British Prime Minister Gordon Brown is optimistic that Britain can withstand the challenges of the world liquidity crisis.
‘Experts fear that the worst of this crisis is yet to come, but are optimistic about the stock markets.’
===========================
Some related columns:
www.thestar.com/Business/article/289254
‘British home prices keep sliding
www.thestar.com/Business/article/286011
snip:
‘Anatomy of a credit crunch
‘Who would have thought questionable loans to Sacramento trailer-home buyers could someday trigger a global credit crisis
Dec 16, 2007 04:30 AM
David Olive
Business Columnist
‘The cavalry rode to the rescue of the global financial system last week. We hope this unprecedented bailout works, because nothing else has since a worldwide credit crunch tied to U.S. “subprime” mortgages began in August. … ‘
www.thestar.com/Business/article/289575
‘Subprime fiasco to dominate early 2008′
www.thestar.com/Business/article/289401
‘U.S. new-home sales plunge, prices slide
‘Worsening house market slump is heightening fear that the U.S. economy may be thrust into recession
Dec 29, 2007 04:30 AM
‘WASHINGTON–The United States housing market plunged deeper into despair last month, with sales of new homes plummeting to the lowest level in more than 12 years.’
www.thestar.com/columnists/article/289574
Snip:
‘A Happy New Year isn’t likely for the economy
‘As Stephen King, the chief economist at HSBC puts it, “the excess liquidity of recent years has gone down the plughole. In its place is a credit squeeze,” which indicates “a financial system in crisis.”
‘This credit crunch – the most important economic development in 2007 – means that banks are hanging on to their cash and have become more cautious both in who they lend to and how much they want to lend.
‘This year, central banks like the Bank of Canada have been concerned primarily with injecting liquidity into the financial system in order to prevent a financial collapse. A liquidity crisis occurs when financial institutions cannot generate immediate cash to meet their obligations because the assets they hold cannot be quickly converted to cash.’
======================
Comment: Storm clouds have been building for years; people for various reasons lost the ability to ‘read the clouds.’ And so, we are facing a big storm, largely the public is unprepared. Only a few years after banks were allowed to step outside traditional banking and enter the brokerage and insurance businesses, these latter two areas could become giant albatrosses around the banks’ necks.
Well, there is alot more that could be written. John Galt, bless his soul, has written over at his site that we should educate our near and dear. Really, just how to do that is a big question. ‘A prophet is despised only in his own country and in his own house.’ [Matthew 13:57, New Jerusalem Bible] For many, having lived all or most of their lives in a period of generally rising prosperity, it is outside experience and therefore imagination imo to think about the ‘what happens next thing’ if the fearless leaders were merely Syrens singing us to our doom, or even that they could do such a thing.
Now that the global financial climate is warming up, is it simply the warm autumn before the storm of deflationary winter?
This coming year will bring challenges, and I wish all goodwill that the character and other personal qualities needed by each of us, and our leaders, will be found in sufficient quantities to steward our longsuffering world to better times. May each of us come closer to a true relationship with that part of Eternity within us which is our Guide and Counsellor. May we be thankful for the good in our lives, and may we live in peace. TQ
show strength at the end of the day whilst everything else sold off. It seems like further evidence of de-coupling. Hopefully everyone who wanted out of UXG is now out and we can move up from here. Same with CDE and GRS.
Gammon Gold Confirms Increased Production in Q4 over Q3
Monday December 31, 5:00 pm ET
HALIFAX, Dec. 31 /CNW/ - Gammon Gold Inc. (”Gammon”) (TSX:GAM and AMEX:GRS): Gammon announced today that it anticipates achieving over a 6.0% increase in Q4 production over Q3 levels. The Company had been on target to meet a 10-15% production increase in Q4 until a temporary labour interruption was experienced between Christmas and New Years at our Ocampo mine in Chihuahua, Mexico that impacted production. The Company is pleased that regardless of this disruption we were still able to achieve an increase in production in Q4. The Company continues to forecast a significant reduction in total cash costs for Q4.
Been reading you all faithfully, though I’ve not been able to post much. . .
My gratitude goes out to everyone who shares their thoughts here.
a big and hearty thank you, and all the best in the New Year!
They must have disappeared. I will call you. Ya know it could be another Wanka “Cookie” Then again it could be the operator.
Irish….would you please check your emails…2 waiting that you may find important
Scroll down to the bottom:
www.financialsense.com/Market/kirby/2007/1231.html
I’m really disappointed in Arnie, I thought he was a good guy. 