Oldtent Archives 2007 - 2008

ps: the 2 year chart is a parabolic rise surely but the momentum action is strong and may plow on ahead to the majic 1000 round number before any correction of substance. i’m currently trading off the ‘feel’ of the market using somewhat 90 minute charts [5 days] and not so much ta since we are in a blank sheet creation of an on going new chart daily. i changed my style to ‘nickle flipping’ or ’snatch and grab’ if you will from my past ‘position’ trading due to new territory and a big ? mark in ta imo. i’m thinking now a long term trade is a week to ten days. so far this year i worked 2 trades a 3 day [actually 4 days including the mlk holiday] and a 2 day in golds and a day trade in silver. nickle flipping at its best. [g] but i know not any other safe way to work contracts in these high altitudes. cheers. wj

LOL…ain’t that the truth!

keep the good stuff a coming. best. wj

picture is just a spoofer in relation to your ‘roasting on the spit by the permabull mob’ post. i shoulda done a [g]
btw my basket is out tonight for a june 925 light trade. gata keep ones fingers in! wj

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In no way did I intend to imply anything other than a “number” … such as presented by Soee earlier as a potential short term target.  If my attempted “contribution” to the flow of conversation was misinterpreted…I apologize. 

Howdy Major T .. It certainly was a great time we had in Belize.. It was a thrill for me to meet all the wonderful and interesting  tenters like yourself.  Have you seen the facebook pic’s?    

I trade primarily based upon technicals.  The same skills I was taught by smart guys like you and my dad.  My #1 technical indicator is how far away from the 200 and 50 day moving averages we are.  see this GOLD CHART    What technicals are you looking at?

The most basic background, IMO, is trust in paper versus loss of trust in paper promises.  With that background Gold will be in a Bull Market regardless of whether we see inflation, deflation, or stagflation as investors seek protection for their wealth.  The reverse condition was true from 1980 to 2000, IMO.  One step further in that reasoning, IMO, is that if the general markets continue to roll over as I think you suggest……..as the fractals had suggested in this time-frame, then that will create a bigger pool of investors seeking safety from the credit and derivative meltdown behind the scenes.

That leaves us with a pure timing issue to deal with as far as 2008 and the price of Gold is concerned.  If one sees the US dollar as being supported with lower rates, potential defaults in the corporate world of investments, potential defaults in the banking sector, and the Fed continuing to accelerate the printing (supply) of Dollars; then a Gold top might make sense, but I don’t see it on the fundamental side, either.  Also, I think you will find that the level of Gold shorts has been at an extreme for every intermediate-term top in $Gold.  I don’t follow that info closely, but the TOCOM shorts that you used to follow/ that FGC posts periodically suggests that the shorting is at a lower level at this time.

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PMF @ 22:44 pm

by soee @ 22:54 pm.

I don’t want to argue about it, but it appears your hypothesis is based solely on people’s confidence in paper money.  I believe it fails to adequately incorporate disinflation/inflation/real rates of return - into the mix.  It’s just my opinion — and i have the right to be wrong.  been wrong plenty of times.  <g>

but I have to get ready for work here so y’all can keep getting your retirement check!

i know your a talented kinda guy but i never knew you could walk on water! wj

i also read it as very individualy oriented for ‘anonamoose’ to lighten up on his positions so he may sleep better. i get the impression js may be speaking of contracts and not physical because the ‘anonomoose’ was in and out it would seem many times the past year and a half. but idunno and what i do know is its sure not a blanket statement to the world of gold holders to ’sell’. wj

Thanks for that Gibson paradox stuff.  I’ll read it ASAP.

An Ode to GoldBug Travelers Worldwide

Ramblings

…Goldtenters Unite, we don’a have to fight

Regarding BZ meeting last week

It was with great delight to meet you all in the last fortnight

The youngest on board already posted on facebook!  Oh how I hope to see those photographs of the Sittee River someday, some of which I captured myself. 

The Flintstone Shareholders Meeting was a memorable experience, hopefully not a once-in-a-lifetime experience, but probably close to it.

To all readers please note:  Anytime you have the opportunity to meet another Goldtenter in person, DO IT !  You will find like minded tolerant people on the other end.

You might be so lucky that your confidence in human kind could be bolstered by the finest Goldtenters in Bocas, Punta Gorda, Osa, Tottsville, Huntsville, San Pedro, Belize City, Puerto Jimenez, and other locals including Hopkins Beach Belize. My confidence in mankind is looking up after this last trip to Belize. 

Bottom line here is that I bow down and present my highest level of respect to each and every one of you GoldTenters I met during this last week. de V31UV