Oldtent Archives 2007 - 2008

Yet under the leadership of “Tricky” Trichet, the purchasing power of the Euro in “hard money” terms, measured against the price of gold, has collapsed by 90% over the past four years. Speaking to the World Economic Forum in Davos on Jan 24^th, “Tricky” Trichet told central bankers that under the capital market system it was natural for risks to emerge, but central bankers’ main job is to solidly anchor inflation expectations. “There is one needle in our compass and it is price stability.”

“What is extremely important is to offer as steady grounds as possible. First, price stability and then solidly anchor inflation expectations. If risks did not materialize you would not be living in a market economy, you would be living in the Soviet Union,” Trichet explained. Yet 2-weeks later, Trichet was shifting his vigilant stance against inflation, and leaving the door ajar for ECB rate cuts in the months ahead.

http://seekingalpha.com/article/63719-gold-traders-see-through-ecbs-smoke-and-mirrors?source=feed

The Bond bubble by Schiff

http://tinyurl.com/2wkpvt

However, my apologies since in my posting to islander I had no intent to exclude Manitoba or Saskatchewan as relatively safe locations in which to invest in  mining exploration or development companies.  At present, the only part of Canada that spooks me as a place to invest in mining is Nunavut, not so much because of the government entities now regulating that part of Canada and not so much because  of the status of “resource ownership” there, but because of the phenomenal materials and labor costs of developing any mines in that large area of poor accessibility and extremely high transportation costs.  The diamond mining entities seem to be making a go of it in that area north of 60 degrees latitude, but I think mining is an extremely iffy proposition at those latitudes, and will be for a long time to come. 

I would gladly invest in a good PM mine in Manitoba anytime.  Best wishes. Equiz.

ps: i think our next poll should be “how long it takes for the moose to post his 2007 analysis and oppinions.
1 day
1 week
1 month
1 year
1 decade
1 century
1 milenium
winner gets a fresh frozen porkbelly on my next delivery! wj

hummm its been 30 minutes a half hour even

-> Posted by WANKA @ 20:14 pm on February 5, 2008 :: Edit post

since i sat at the edge of my swivel chair awaiting the 2007 oppinion report and analylisis from moose. perhaps its a large volume of work and it takes up much bandwidth? perhaps its being routed thru the emerates or dubi and delayed? perhaps i’m sitting in this aukward pain in the arse position for nothing but a farting excersize? perhaps the world is flat? hummm. bwahahahahahaha. wj

moose 19:03 well in that case then

-> Posted by WANKA @ 19:42 pm on February 5, 2008 :: Edit post

i’m sure you can post last years 2007 oppinion since its now history and your ’subscribers’ got that oppinion a year ago anyway so i’m sure they won’t feel ‘jilted’ or ‘abused’.
now of course i would never endevor to cajole you into posting your oppinion for this year 2008 because that would surely piss off your subscribers and i would never wish to be a catalist to the subscriber harm that would cause. so last years oppinion will suffice sufficently. i sit at the edge of my swivel chair and await in an awe struck stupor! wj

How about SGR in Manitoba, very mining friendly: yes I own it

Spring Wheat Demand

On the Minneapolis Grain Exchange, wheat for March delivery rose the exchange limit of 30 cents, or 2 percent, to a record $15.53 a bushel. The price has more than tripled in the past year and rose the exchange limit for 11 of the past 12 sessions. Harvest of spring wheat was limited after drought hurt plants last year in the northern Plains and in Canada.

Higher prices usually encourage farmers to plant more acres. That may not occur this year because the prices of other crops also have risen, which may make them more profitable than spring wheat, said Jason Britt, an account executive at Central States Commodities Inc. in Kansas City, Missouri.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTrp83Ld88ds&refer=home

http://tinyurl.com/2pkzaw

…Do you have a pet Lobster on your shoulder…?

Fully and Ferret-you may be interested to know that my ageing Aunt in NZ said recently that 500g of butter  increased in price from $2.80 to $5.00—WHHHAAAAT!

MARGARET2 can you confirm this robbery?

Sounds Like an Incredible little place…is it a Kingdom ?
I am fascinated that we get many hits from there….
…Incredible the reach and scope we are getting..
…..and why not…?
..All you really have to do to know whats going on in the PM Markets and other related topics…
…is come to Paradise…..There is always something interesting to see here…24/7/365
….Honestly..some of the gretest minds and heartrs and souls hang out right here….
…..Its just getting better and better..

How Long have you been Lurking?

Where are you Located Now…so you can be Listed in the Locator..?

Have a Look

tinyurl.com/3999t6

…..

The clearance of grassland releases 93 times the amount of greenhouse gas that would be saved by the fuel made annually on that land, said Joseph Fargione, lead author of the second paper, and a scientist at the Nature Conservancy. “So for the next 93 years you’re making climate change worse, just at the time when we need to be bringing down carbon emissions.”The Intergovernment Panel on Climate Change has said that the world has to reverse the increase of greenhouse gas emissions by 2020 to avert disastrous environment consequences.

The little engine that could.  A postcard for the weekend.

http://www.railpictures.net/viewphoto.php?id=222196 

I think that yes we will be.  The key of course is to not again vote into power the socialists who started to wreck the provincial economy when bigwavedave (Barrett) emerged on the scene in the early 1970’s.  The present government is in my opinion a lot more mining friendly, even if many of their policies are socialism just watered down. 

The problem, however, that the present government and any administration that follows them must face is an electorate that is made up of a relatively high proportion of people (voters) who are very environmentally protective.  I think in that sense California, and probably also the eastern mountain slopes area in Montana, share with the B. C. population the willingness to be against new mining operations. 

And most important of all, until aboriginal claims to the use of the land surface get settled to the satisfaction of all parties, British Columbia does have an uphill battle to get new producing mines underway.  I think my eyes are wide open to the difficulties facing mine developers in this province, but I think there is progress, and I am probably a bit more optimistic that you indicate you are. 

For a faster likely return on your investment in mining stocks, I would still be inclined to look outside of British Columbia.  Why do you think I conned Fullgoldcrown into adding VGQ.TO (Virginia Mines, operating in Quebec)  to the PIGS index, and why do you think our biggest holding is still in SLW, not operating in British Columbia?  However,  remember that if you think there are risks in investing in British Columbia mining operations, please let me know where you think there are not similar risks in investing in mining operations.  I agree that Quebec and Ontario are a good start - for now, but I dont rule out British Columbia mining investments that are now turning out product, like Roca or Breakwater..

 Best wishes.  Equiz.

Winedoc

……UP 2.29% today…..IHS breakout.

JBI

PS - And GOLD’s 300 DMA now at $714.29…..
…..another All Time High.

…….GDM may have just completed or is about to complete an ABC small wave 2 correction……..(ii of lll of III ??), meaning an explosive rally is around the corner…possibly, maybe, hopefully.