Oldtent Archives 2007 - 2008

….Goldman just joined the Tocom (before that it was the Too Calm hehe) 2 years ago…

you you rat … lol

In fact, I named my middle daughter “Maggi” after her.  You are welcome to call me anything you’d like.

Short, over weight, love guns, act on impulses, not very smart, had a swayback horse on my ranch, old as the hills, have chased that damn oil coyote all over the State of Texas and yes off of a couple of cliffs! Even chased him in my Super Cub in my younger years, patch, bow-legged and all! People remember me easily in my cowboy boots. Deadeye

and a p.s with that ratio gold to silver .. if “they “ask for the gold sell it to um.. but then a person is left with enough to live on .. silver will then spike to 400.. look at the variables .. never put the eggs in the one basket ..

…and he is a demi god to most on Wall St and in Washington…he can blame this all on Bernie…and maybe bring back the gold standard that he so intelligently argued for in his youth…..I dont know..but Somebody is going to have to do something “heroic”..and soon….

…for now CNBC Heavy Weights are Screaming for 100 Point cut….and they usually get what they want

..Bernie Bernie hes or man..if he cant do it…GREENSPAN can……

We owned physical platinum from 1980 to early 2002, but sold it in 2002  to concentrate on gold and silver.  At the moment our physical holdings are very close to 50:50 gold and silver. 

In recent years I have never been tempted to re-acquire any physical platinum, since I have a spooky feeling on how the relative prices of platinum and palladium can see-saw, and often inverse to each other, as auto manufacturers pick and choose whether they are going to use platinum or palladium in next year’s catalytic converters.  I have enough trouble following what gold and silver prices are expected to do, let alone piling on the complication of what palladium and platinum prices are going to do. 

I do try to simplify our involvement with this complicated PM market.  Best wishes to you.  Equiz.

Would be the longest-term chart of Adrian’s that exists………………….

That this whole plan was Greenie’s, and that he is directing the musical from the background…….up to his eyeballs.  Somebody today said Benny doesn’t know what he is doing, but IMO the plan developed years ago is playing out right on schedule………Bubble, bubble, toil and trouble……all ends in PM Super-Bubble.

Since you didnt give an opinion on my question, I assume that you dont have an opinion and that is fine.

In the first half of your posting you make what I think is a very important point, namely that, assuming one ounce is the basic unit size for purchase, $2500 per ounce is going to put an ounce of gold out of reach for a lot of individual purchasers and they might logically be expected to turn to ‘poor person’s gold’ where they can get an ounce of silver for something under $100 per ounce.  I understand how that dynamic might unfold. 

And that led to my question to you.  At 19:02 you had stated that “governments and banks will be buying gold all the way up to and past 2000….making gold an impossible metal to buy, silver will then be the object as it heads for 100″.  I had asked you, given your scenario in quotes, whether you had an opinion whether it might be wise to buy gold now, in preference to silver purchases now, since gold is possibly going to become unavailable to individual purchasers sooner than silver is going to become unavailable to individual purchasers. 

You did not state any source for the sentence in quotes above, and I am willing to accept that its source is ment17 wisdom.  Accepting it as a logical statement I think my question is a logical question.  And I accept if you do not have an opinion that directly responds to my question.  My question  is repeated as the last sentence in the paragraph above..

The last half of your posting at 20:23 seems to have nothing to do with my question, as it gives your opinion and Russell’s opinion on the nutsos who trade in and out of gold.  I have never sold any gold we have ever bought, and I have never sold any silver we have ever bought.  And I do not intend to.  Our physical gold and silver is destined for our heirs.  Selling physical gold or physical silver was not my question.

Best wishes.  Equiz

HONG KONG (MarketWatch) — China is planning to launch a Nasdaq-style stock exchange geared toward funneling capital to young businesses in the next six months, according to a published report Friday. Shang Fulin, chairman of the China Securities Regulatory was cited in the Shanghai Securities News as saying regulators would accelerate development of the new exchange and had a rough timeline for operations to be underway before the end of the first half, according to newswire reports. Shang did not identify where the new exchange would be located but state media reports have pointed towards China’s southern city of Shenzhen as a likely site.

By Chris Oliver
Last update: 9:56 p.m. EST
Jan. 17, 2008

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Shanghai’s Composite Index
- - - - - thru last night’s trading

Asia/Pacific Region…..

finance.yahoo.com/intlindices?e=asia

Earlier….the Americas

finance.yahoo.com/intlindices?e=americas

And before that……in Europe

finance.yahoo.com/intlindices?e=europe

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Still thinking here that World Stock Markets are in the process of making a significant short term bottom………but that they will also continue to be outperformed by the PMs and PM stocks for a long time to come.

Goodnight, everyone.

JBI