Loading ...You and Ackerman better go buy a bunch of S&P futures tonight. Prop that baby up before the morning cause it doesn’t look good for the SM bulls at the moment looking at asia tonight.
http://finance.yahoo.com/intlindices?e=asia
Aussie Metals - mixed
Equisetum - You brought up a great point and I caught it the first time. Ian’s article posted by Floridagold was great. I would have loved to cut and paste a few of his memorable comments here. Really good one…a real treat. You did get me thinking about that and i know Japan’s banks are the worse. SO…bottom line it scared me pretty good.
Japan. I dont know the details of what is happening over there at this hour, but I did raise a flag about it on Goldtent at 18:41 on March 10, courtesy of Ian McAvity’s insights originally posted by floridagold. You are right in one sense - no one on Goldtent responded in the past 48 hours to McAvity’s point about Japan’s potential role here. Best wishes. Equiz
Fed action bought a 400 point rise yesterday and a couple of happy moments of distribution today, but that was all. It may have helped paint a few head-and-shoulders formations in the commodities markets, too. I’d say we’re now set up for a possible major market downturn tomorrow. Gold and silver and the energies just all look very strong. Will be interesting to see if we get the commodity drop that appears set up, or whether the new infusion of cash and dilution will bring on another leg of the price rise.
Even more significant is that the Yen carry trade is totally unwinding. What’s this mean? Take a look how Asia is reacting to it tonight. Nobody around here seems to think that means a hill of beans. Wonder if anyone has any other execuses why gold is negative tonight (after hours) with dollar falling like a rock. Dollar falls a whole point the last 24 hours and gold gains $10. At that rate gold will be $1,700 when the buck finally reaches zero.
One that would cause convulsions around here. In 2006, the float came out of left field also. Last time, they announced a price for a private placement that was about 40 cents below the market. The stock only traded down for about 7 to 10 days, and like this time, the announcement came a bit less than 2 weeks before an expiration. Again, if memory serves, by the Monday or Tuesday after expirations the stock was higher than when the placement was announced.
Another thing I remember about CDE. Back at the top of Wave I in late 2003, CDE announced they were selling Silver forward right around the top. I would not be surprised to see them do so, again. If so, what does that mean? Well, I suspect it means they are very close to the group that has been selling Silver and Gold into resistance………….shorting on the way up.
University of Oregon’s Mark Thoma, regarding US government bailout for all consumers and homeowners living in that land fits right in with what D. Norcini said in his comments on the right-hand side of his April 2008 COMEX gold chart posted on jsmineset at 12:35, March 11. In Norcini’s case he was talking about the US government getting into the used car repo. business.
Your Thoma posting really has me curious about how I might be able to move to the US to harvest the socialist carpet that seems to be unfolding for those in financial trouble. I figure I could make money on some of the deals you have coming down there <g> Cheers. Equiz
Well, that was a v. good call then about the float b/c Wheeler didn’t intimate it at all during the earnings call. What board did you discuss this? I’d like to read about it.
My other major gamble is Newmont Calls for June expiry. Any thoughts on this?
Grandpa
Trinkets aside, I suspect that your grandchildren would be considered wealthy just to accumulate your wisdom and calming rationale.
You beat me to it Nice Chart 
you said “I’m just a simple man trying to put a little gold and silver away for the wife and kids”. If I were to modify that to fit our situation, as in “We are a simple seniors couple trying to put a little gold and silver away for our grandchildren”, talk about the medicating effects of such a thought !
If we decided to go the Maya route by focussing solely on accumulation of physical silver and gold, forgetting the leverage of PM equities and warrants, forgetting fractal analyses, forgetting the vagaries of trying to pick PM companies that are not going to go down the tube, I find it medicating to think just how much simpler our life could be. For all I can tell, if I followed that route maybe I could even have the medicating effect of more free time each day by being able to skip most of the daily postings on Goldtent <g> , especially if our sole investment goal would be to just slowly accumulate more physical silver and gold. Maybe Maya is onto something here.
This potential simplification of life is tempting. But then I would miss the “community” of Goldtent, with its education and humor. Of course, I could focus just on buying physical silver and gold, and still allow myself some silent, sly lurking on Goldtent to see how other tenter folks are getting on with their diverse PM investments over time. Lots of interesting and soothing and calming time-rationing options here.
All the best to you and your loved ones. Equiz.