Oldtent Archives 2007 - 2008

By 2012 I will just have enough money to retire.  Just in time for the end of the world on 12/21/12

LOL

GOLD, the lonely…….
tinyurl.com/yvj6l9

Ment, did they let you out of your room again tonight? {G}

JBI

Salvia May Be the New Marijuana
Parents Are ‘Clueless’ About Herb

So true. So very very true.

An affirmation worthwhile keeping nearby and reading often.

Thank you, friend.

JBI

The Clock of Life
by Robert H. Smith, copyright 1932, 1982

The clock of life is wound but once,
And no man has the power
To tell just when the hands will stop
At late or early hour.

To lose one’s wealth is sad indeed,
To lose one’s health is more,
To lose one’s soul is such a loss
That no man can restore.

The present only is our own,
So live, love, toil with a will,
Place no faith in “Tomorrow,”
For the Clock may then be still.

TOKYO, March 12 (Reuters) - Japanese government bond futures slid more than half a point on Wednesday, pulling away from a 2-1/2-year high struck the previous day as the Federal Reserve’s new steps to help strained credit markets boosted stocks.

June 10-year futures 2JGBv1 fell as much as 0.52 point to a low of 138.98 on the jump in stocks, down nearly a full point from the 2-1/2-year peak of 139.78. In early trade, the Nikkei share .N225 average rose 2.6 percent.

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ASIA/PACIFIC REGION……….everybody is happy again! LOL!

finance.yahoo.com/intlindices?e=asia

THE AMERICAS……….from capitulation to global jubilation overnight??????

finance.yahoo.com/intlindices?e=americas

EUROPE…….not wanting to be left out of the party.

finance.yahoo.com/intlindices?e=europe

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AUSSIE GOLD STOCKS - Margaret, it’s about time, huh?

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THE PRECIOUS METALS

www.gold-eagle.com/intra-daykit.html

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And the US $$$$$…………mini double bottom or giant double trap?????? {G}

tinyurl.com/2voq5s

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JBI

17,356,561 . . . . . . . . . . .

“Lately, silver has been making huge daily swings, and the big picture is becoming clearer and clearer. If the weekly chart in this month’s update is correct, we are on the verge of completing the presented head and shoulders pattern, triggering a gold-silver ratio of 12 to 14. If the neckline is taken out, we should see the next stage in this cycle occur, i.e. another acceleration in the declining gold-silver ratio. If this transpires, silver producers and explorers could really take off, sending their share prices into orbit. Breaking this neckline would cause the price of Silver to explode, so much so that we might even begin to see the price rising dollars at a time, instead of just cents, quite similar to the price action in the late 1970s and early 1980s.

The difference is that this time the rise will be the cause of an ever growing crowd of individuals, rather than two brothers.

Personally, I’m boarding this train before it leaves the station. Even if it turns out that I’m a bit early, I’m confident that the real thing is underway and would rather suffer in the short term than be left wondering whether or not I should buy a ticket as silver vaults higher and higher.”

Martens on GOLD

…..on Silver

…..on Oil

…..on the US $

…….and on Copper

Entire editorial > tinyurl.com/2jrhz4
by Roy Martens
Chief Technical Analyst
Resource Fortunes LLC

(Martens may be stretching it just a bit and getting just a bit too excited? We’ll see……..JBI)

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Good evening, everyone.

Another chaotic day, I see.

JBI

You said “I have not read enough here to have followed much of the threads”

Here’s a quick resume for you, while you backtrack on the details.  PMFEVER at 17:21, 17:29 and 17:59 is working on the details of how events in the 1970s are going to define what happens here in various  PM-related holdings in 2008 to 2012.   ment17 in various postings is very encouraging that PM-related holdings are OK to hang onto longer.  Equisetum, as recent postings indicate, doesnt have a clue where we are going next in the general market indices in New York and Toronto, but he keeps buying physical silver and gold for grandchildren in the family.

Hope this helps, and also hope you are feeling better.  Cheers.  Equiz.

Glad you liked the story of Butch and Eddie. I had just received it from my sister before deciding to share it with all here at our TENT.

My e-mail is DaddyKooooool@aol.com

Really! LOL!

JBI

Warning!!! Humour alert!!!!! Poor attempt at humour follows. If not in mood do not read further!!!!! !!!!!

This is what I think has been settled:

1. Five hundred and forty trillion dollars is starting to look like a lot of money.

2. Avoid using the phone; it is expensive, especially if you are a politician.

3. If the Fed fails, and it will, all money lost will come back and bite.

OK. This is where it gets serious.

First, some definitions.

Commercial paper; this paper is held by dolts. [What did W.C. Fields say? ‘It’s hard to cheat an honest man.] This is paper with a real value approaching infinity in the wrong direction.

A deflationary debt-default depression; the foreseeable future.

Solvency crisis; companies not getting loans to develop, so their share price falls, and then they go bankrupt, and then some bad banks get them.

The new paradigm; ‘A dime ain’t worth a nickle any more.’  Yogi Berra.  This confuses big money fund managers by the score, so they short all little juniors etc. into pennie stock status, and then these money managers fail to cover their shorts and the money managers lose all their bonuses.

Moonstruck; when especially the good gold and silver stocks finally rise during a blue moon in June, after the big bad banks get them, and the confused big money managers who shorted them into oblivion go bankrupt.

Subslime banks; banks not getting loans to stay solvent because they couldn’t sell the stupid debt they bought to finance nutjob financial waste they created while hoping some other patsy would buy from them, [not having learned their lesson ten years ago] so their share price falls and then they go bankrupt.

Too many empties; not enough recycling. People not getting loans renewed to keep their houses because the nutjob banks won’t lend because those still solvent are afraid, so the house prices fall further, and homeowners go bankrupt.

Yes we’ve got no bananas; lottsaother banks find their mortgage loan department illiquid because house prices are falling and taking values below mortgage values, so these banks go bankrupt.

Dollaritis; businesses not getting loans to finance their stupid debt because the nutjob banks won’t lend because those still solvent are busy on another continent, so they lay off bigtime, and the jobless go bankrupt, and then the businesses go bankrupt anyway.  The price of everything goes up a lot.

Old habit; Farmers win the lottery, but decide to keep on farming until its all gone.

Part II not availble.

On a day like today - some might wish to read from a few of the speeches given by Congressman Louis T. McFadden in 1933 (and a little before and after that year).  These could be given today.

http://www.geocities.com/Heartland/7006/mcfadden-frb.html

Anyone here read George Ure? He  predicted that Fallon would resign and would be replaced by a more pliable person. Pliable to the Bush administration. Ure suggests that this may be a precursor to a possible invasion of Iran.