Oldtent Archives 2007 - 2008

took a little road trip today to western okla. wheat fields don’t look half bad but the one big thing i noticed was the absence of stocker/feeders. the futures are down $14./cwt while the grains made their run. i would guess the feeder market would be far different now that the ethanol plants are feeding the brewers grain immediately after they distill it. the plants will need a constant flow of feeders, the price will be immaterial as long as they can hedge a profit with the fats.

the numbers on wheat appeared to be less than half the normal amount. i don’t understand how the market can go to $5.00/bu. for corn and there’s no place to store it. i think the final number was about 13.6 billion bushels. supposedly there will be very little available for export because of the ethanol thing. supposedly again, the by product is the source of the profit as the ethanol covers the cost of the input. what animals are we going to feed the 13.6 billion bushel by products? have the grain and cattle markets run too far?

might be a small opportunity if the feeder market soon.

rno 

Thank you for your response. Yes I am very naive about what is going on over there. I seem not to hear much about Isreal, just the other side. And  deadeye, I am not bias because my grandmother from England was Jewish, and her parents  Jewish, supported the Jewish during the war. I do not speak of it because I still feel unsafe even in this country mentioning it for my childrens sake. It amazing what you find out about people when they don’t know you are born from jewish ancestors. With that, no Im not on the OTHER side. I just believe in peace and wish there was a better way. I do realize that the Palastines have breached every effort for peace, from what I remember, but how MANY of they is not known to me. So from you post I have a better idea what is going on. Thank you. I wish you well and safe.

You don’t suppose that somebody could be ‘cooking’ the stats on supply/demand issue of the silver market do ya? It would be a way of discouraging new investors from entering the market…….nah…..they wouldn’t do that…..would they? (tounge firmly planted in cheek)

Dusty

The reason the GDX chart looks like the HUI ( and the ratio to GLD, also) is that GDX is an etf set up to mirror the performance of the HUI.

quote

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the AMEX Gold Miners index. The fund generally invests in all of the securities which comprise the AMEX Gold Miners index in proportion to their weighting in the index. Under various circumstances, it may purchase a sample of stocks in the index. The index is comprised of publicly traded companies involved primarily in mining for gold and silver. The fund is nondiversified. more

http://finance.yahoo.com/q?s=GDX

Very interesting perspective you have there, and I very much appreciate it. I will be reading him very carefully in the future to see if I can detect any change in his message/style. Gata keep the nose workin ya know. I can’t help but feel like there are many more mines planted in that field we are about to cross than we could ever have guessed.

Best to you this fine evening
Dusty

Finished another day canvasing for Ron Paul.  It is like therapy for me.  Working off the fustrastion of feeling that nothing can be done to stem the tide.  For all that are putting up signs, I applaud your effort.  We continue to do so also.   However there is nothing better than one on one conversation with people about the issues.  It is tough sledding but there is no greater satisfaction of seeing the light bulbs glow as someone finally gets it.  And when they really get it and start doing what you are doing, you get the multiplier effect.  I don’t know if there is enough time to make a difference but I am encouraged by the increasing positive response by the people we meet. 

The people I have the hardest time with are the rich folk with the condescending smug look and arrogant attitude.   Sometimes I want to slap the tewaddy out of them and tell them to wake up.

 Hey, RP won the Alabama Straw Poll today with 81%!!!

http://www.nolanchart.com/article1461.html

Bank’s billions burnt in 10 days 

By Friday, January 18, Jérôme Kerviel, a junior suit in the banking world, was on the hook for €50 billion - the equivalent of about half of all the gold and currency reserves held by France. The sum also exceeded the entire value of the bank at which he worked.

The 31-year-old trader at Société Générale, one of France’s most prestigious institutions, had secretly set up a series of deals that were going horribly wrong. So wrong that they threatened the survival of the bank and the health of global financial markets.

http://tinyurl.com/29gmx2

I agree with Ment’s comments that even a balance between supply & demand (excluding investment category) remains bullish - as growing investment demand could well dwarf other commercial-type applications.

I do, however, agree with your statement that something doesn’t smell quite right here. Butler seems almost cavalier in granting a conclusion contrary to the one he has argued for years.

“Recent statistics indicate a balance, more or less, between total current supply (mine production plus recycling) and total current fabrication demand.”

Call me the skeptic, but for me, red flags were popping up all over when I read the referenced link (duplicated below).

http://www.investmentrarities.com/01-22-08.html

As I see it, the tone of his future commentary bears a close read. It is not beyond the realm of reason that he has become a sufficient pest to the moneychangers so as to motivate them to take corrective action. Then again, maybe the supply/demand deficit simply disappeared in quick fashion with no fanfare.

PM

Chevaz will steal it all once it gets in his bank anyway.  Not much good I can say about him and I certainly don’t want any of my money anywhere near him.   Stopped buying CITGO gas just to make sure. 

Think you’d like tonights playlist. Sounds like similar taste in music from your post CT. Just listening while doing paperwork tonight, what a joyful experience thanks to the songs. 

sorry this came out all scrabbled up!  FIXED IT!

Just A Song                Crosby Stills Nash Gold Dust Woman                Fleetwood MacStoned Soul Picnic     Fifth DimensionDesperado                EaglesColor My World                ChicagoMelissa  Allman Brothers BandFriends   Elton JohnTears in Heaven                Eric ClaptonSherry    Four SeasonsBuckets Of Rain                Bob DylanGabriel Go On Home      Seals & CroftsTiny Dancer                Elton JohnSossity You’re A Woman  Jethro TullA Love Song                Loggins and Messina Sweet Baby James     James TaylorIt Might Be You (Theme From Tootsie) Stephen BishopLaughter In The Rain        Neil SedakaStill crazy after all these ye Paul SimonPoetry Man                Phoebe SnowMiles from Nowhere                Cat StevensSan Francisco Bay Blues                Richie HavensSitting on the dock bay                Otis ReadingI Don’t Want to Fight       Tina TurnerJohn Barleycorn Must Die                Traffic Into the Mystic                Van MorrisonMr. Bojangles                Jerry Jeff WalkerSon of Son of a Sailor      Jimmy BuffetConstant Craving                KD LangDarkness, Darkness                The YoungbloodsRikki Don’t lose that Number                Steely DanThe Boxer                Simon and GarfunkelSorry Seems To Be The Hardest Word      Ray Charles & Elton JohnSomewhere Over the Rainbow/ Wh                Israel Kamakawiwo’oleSunday Morning                Maroon 5A Song For You                Leon RussellShe’s A Lady                John SebastianCome what May                Ewen McGreggor & Nicole KidmanLover Lay Down                Dave Matthews BandGuinnevere                Crosby Stills & Nash The rumour                The BandSuite For 20 G                James TaylorWatching the River Run                Loggins and MessinaThese Days                Jackson Browne               

Hey Bro……..just stop eating and you won’t even notice those prices!!

And good luck with that knee!!

Dusty

So Chavez is threatening to withdraw billions from US banks. As shaky as the banking system is, it will probably effect them. It just goes to show how far into the fascist cesspool the US has slipped for such a thing to be possible. A two’bit dictator like Chavez to be able to have an effect on the great US of A…..who woulda thunk it.

The Brittania Beach mining exhibit would be of interest I’m sure..Not sure when the poll closes but as of now, looks like we may be hosting the gold 1k bash.

On my way downtown to work today was thinking which hotels in the city core would be good ones and also what attractions would be interesting to tenters aside from the obvious ones. If you have any other thoughts about this please give a shout..Cheers