Oldtent Archives 2007 - 2008

I bought some of that Linux Gold yesterday at $.22, thanks for the tip. Maybe we can do a double in the future.

Crumbs!…. does that mean I’d better dust off Goldgrub2, Goldgrub3 and all the other little goldgrubs?

“With the permission of the administrators and by flashing my “Since I became a crazy goldtenter I can post whatever the hell I want now” junior ranger badge”

ever heard ……..”HEY JR” (mothers voice) it’s time to come in and eat …NOW!!!

 well……as Ment would say; “Pick A Basket”…..I listened to that Old Burma Shave Fool…LOL

I bought a basket,,,about 20 micros/Juniors…..I got Lucky…one was Aurcana Corp. …bought at .10 (ten cents)

then the popcorn maker fired up …and (Holy Cow)…went from .10 to $1.40….I could not care what the others did…{G}

Thank God…I listened to Old Ment…..”Burma-Shave”!!!!

SAN FRANCISCO (MarketWatch) — Standard & Poor’s said on Friday that it may downgrade 1,887 classes of mortgage securities backed by so-called Alt-A home loans. The securities, made up of mortgages originated in 2006 and the first half of 2007, were put on CreditWatch with negative implications, the rating agency said. Alt-A loans were usually offered to more creditworthy borrowers than subprime mortgages, however, they required less information such as documents verifying home buyers’ incomes. There’s been a persistent increase in delinquencies on the loans underlying these securities, S&P said.

With the permission of the administrators and by flashing my “Since I became a crazy goldtenter I can post whatever the hell I want now” junior ranger badge I’d like to promote the upcoming 911Truthnow conference in Sydney from the 14th-16th of March.

“OG” (that’s Original Goldbug”) G Edward Griffin will be speaking in a once- in-a-lifetime opportunity for Aussie Bugs.

Warning to other (non-aussie) readers, long full Advertisement now follows:

The 911Truthnow conference will be an awesome event for just $128!

For starters, there’s G Edward Griffin, one of the original authors to document the real nature of the Federal Reserve Bank and the means by which it underpins and enables the current power structures. His book “The Creature from Jekyll Island” is required reading for goldbugs and dissenters of every ilk. Reading “The Creature” and “The Chasm” were the beginning of my personal “red pill” experience and as we all know, once you’ve taken it, you never see the world the same way again.

If you’re not sure what I mean by “red pill” experience, here’s a nice thought-provoking essay I found:

http://www.arrod.co.uk/essays/matrix.php

Mr Griffin is in his seventies now so it is highly likely that this will be the only chance you’ll ever get to meet him and hear him in person.

I personally think that the trip to Sydney is worth it just to pay homage to this great man who has devoted his whole life to investigating and documenting the architects of the New World Order. Don’t forget that without pioneers like him the knowledge we hold as so important to our lives might never have reached us.

He deserves to be recognised and thanked by us.

If you don’t know much about him, here’s a link to the Freedom Force website…. have a look around.

The rest of the program reads like an “all stars” of the worldwide 911Truth movement…. I’ve seen Professor Steven Jones and Lt Col Bob Bowman speak on DVD and they are both nothing short of inspirational. They’ll be brilliant when given the time to expand on their knowledge.

http://patriotsquestion911.com/

Professor Steven Jones PhD- Physicist, the man who provided proof that thermite was used to cut the steel structures - Former Professor of Physics at Brigham Young University. Retired in January 2007 to devote more time to 9/11 research. Principal Investigator for experimental Muon-catalyzed fusion from 1982 to 1991 for the U.S. Department of Energy, Division of Advanced Energy Projects.

More on Professors question 911…. scroll down - he’s number 45 (or use the alphabetical search)

http://patriotsquestion911.com/professors.html#Jones

then there’s the rest of the lineup …. too long for this email but check out the details on:

www.truthnowtour.com.

Speakers and venue:

http://911oz.com/links/truthnow

Hope you can come along,

Goldgrub

NEW YORK (Reuters) - Tender option bond programs on Friday were selling “multiple billions” of dollars of U.S. municipal bonds, a money manager said, which is accelerating a market slide that experts call the worst in decades.

Prices have dropped for the past 12 days, partly due to the problems borrowers and investors are having with short-term municipal markets.

Two of these markets, auction rate and variable demand note obligations, have frozen because investors fear some bond insurers that backed this debt are no longer credit-worthy as a result of their bad bets on subprime mortgage investments.

These dislocations have hurt tender option bond trusts, which buy long-term muni bonds and finance them by selling floating notes. But now they are losing money — or are about to — because their borrowing costs have skyrocketed.

At the same time, the value of their long-term municipal bonds has plunged.

“Tender option bond selling is in the multiple billions,” said Gary Pollack, a managing director at Deutsche Bank Private Wealth Management. Tender option bond programs are created by both hedge funds and dealers, and they typically are highly leveraged, which intensifies their influence on the market.

http://www.reuters.com/article/businessNews/idUSN2920801820080229

Deutsche Bank (DB) has leapfrogged ProShares in the race to launch leveraged and inverse commodity products in the United States.

[read more…]

and a great call. I’ve noticed some of the popcorn (read juniors) starting to show signs of life this last week. It’s so hard to know when they are going to blow, but when they do it’s pretty to watch - if one is lucky to have backed the right kernel. 

DJ30  12,266.38  -315.79  -2.50%   

NASDAQ  2,271.47  -60.09  -2.57%  

 S&P 500  1,330.63  -37.05  -2.70%  

“GOLD HAS NEVER BEEN A GOOD INVESTMENT” - Bob Brinker…..

Last week I posted a chart that looked ready for a breakout based on the HUI weekly as a leading indicator - sort of a “junior” or micro lag issue. Here it is:

So here’s what happened this week.

All the best,

PM

www.financialsense.com/fsu/editorials/willie/2008/0229.html

www.financialsense.com/editorials/fekete/2008/0229.html

“For me to have guessed right on all three, the US Dollar needs to be above 76, the DJIA above 13,315 and the HUI below 409 by the end of this month. Even if I am correct on trend - i.e. the DJIA goes up from here, the HUI down and the US Dollar up, it is going to be a horse race.

aurum”

I’d say you went 0 for 3 in your predictions. Consider that you wrote this month: “I have posted my investing plans and outlooks since the start of the Tent. I have been wrong in timing only twice never (yet) in outlook.”

You may want to revise your record. Grandpa (g)

arch0708.goldtent.net/2007/12/02/posted-by-grandpa-1309-pm-on-december-1-2007/

You are not alone

GM