Oldtent Archives 2007 - 2008

You will eventually need that French Curve  once we break out of the trading range and render the Parallel Bars to the side lines for a few months. I’ve started to work out of a portion of SLV in my wife’s IRA. One thing I’m not good at is picking a top or bottom, But I sure don’t plan on riding this back down.  I really  believe the  SLV  GLD and  ETF are behind the terrible performance of the mining shares up to now. Hopefully as the metals stabilize at a higher level, the PM shares will start a move to reflect the higher metal prices.

And  I know that I’ve missed some really good ones here by sleeping  the night away.  But all that yawning earlier has me trapped in a funny fractured fenestrated fibonacci fractal feedback flummox.

G’nite folks, and Cheers, TQ

Or…..is that a gold bug stuffing a Banker down the toilet to visit his money??

Yes. It took me a while to appreciate ment’s style in delivering to us his thoughts and in making his points, but very unique and appreciated, he is. But I think you outdid both him and e e cummings tonight when you wrote:

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“AS for me, I like to do the analytic stuff. It’s more fun than crossword puzzles etc. I’m just built that way. When my father flew he did his own navigating on the long flights, even though he had a navigator. Just prevents boredom from becoming terminal. Some of us need more flouride in the water and tootpaste than others to become soft in the head/malleable. Not a lot of things that a person can do these days that offers so much freedom, so much opportunity to pioneer and discover new ideas. I don’t like the numbing down that alcohol or TV etc offer. For me it is in the adventure that I find the freedom. And it is in the freedom that I find that little spark that helps me to know what it is to be most fully human.”

TQ

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Humor, wisdom and the concept of FREEDOM all in one and iced with a personal slant and a touch of class.

Classic and very TQ, I must say.

JBI

JBI
arch0708.goldtent.net/2008/03/15/tq-2155-pm-last-night-tq-2010-pm-tonight/
TQ
arch0708.goldtent.net/2008/03/15/kentucky-it-is-confusing-when-we-look-only-at-the-hui-chart/
TQ
arch0708.goldtent.net/2008/03/15/three-coins-in-the-fountain/
JBI
arch0708.goldtent.net/2008/03/15/tq-80/

Probably not a problem…………Seminars might be out, but something more related to investment might work quite well, especially if a paper trail was produced.  For example, a collector might write off a “buying trip”, or he might write off a trip to “evaluate” items for potential purchase.  The possibilities go as far as the imagination can take you as long as you consider the code and create “proof.”

I think the meaning that I offered is just a more funny fractured fractal.

I agree because the inflation adjusted price of both has far to go just to catch up with the past. And with the real inflation that is starting.  Well, that is another story.

I don’t usually offer time frames; just comment on what I see in the charts.  I think the January lows will be defended.  But no idea how well that will go for the bulls in general equites.

good od’ eecummings.  what a sense of humanity.

a latte and a taco…..sounds good……but I think I am going to pop a tall cool one with that taco!!

You are absolutely right about so much stuff going on it is hard if not impossible to tell what is going to happen in the short, but like Ment said,gold is going up. THAT is the one I know for sure.

Just read your post to Kentucky, TQ. Thank you.

Going back to your thoughts on the NIKKEI 225 Index - I understand and see how you got a po of 10,000, but I think that may be too much to expect near term. As seen in many other charts of general stock market indices, as well as many sector/industry indices, note also in chart below the extremes and non-confirmations.

Glaring at us in this daily chart is the non-confirmation by MACD and RSI of the new low made by the index on Friday. And as in the chart I posted for the Wilshire 5000 index, the extreme oversold reading for MACD is noteworthy.

And can you see a clear 5 waves down since the July ‘07 top? I think a case can be made that the first leg down (wave 1) of the Nikkei Bear, as perhaps also with the Wilshire 5000, may be or is about to be completed.

JBI

I think also that sticker shock will keep most out, as they wait for lower prices.  And if they come, will they buy then?  How many people understand gold?  I think many will be suckered into the ETF’s  [ Engineered Trap for Fools]

AS for me, I like to do the analytic stuff.  It’s more fun than crossword puzzles etc.  I’m just built that way.  When my father flew he did his own navigating on the long flights, even though he had a navigator.  Just prevents boredom from becoming terminal.  Some of us need more flouride in the water and tootpaste than others to become soft in the head/malleable.  Not a lot of things that a person can do these days that offers so much freedom, so much opportunity to pioneer and discover new ideas.  I don’t like the numbing down that alcohol or TV etc offer.   For me it is in the adventure that I find the freedom.  And it is in the freedom that I find that little spark that helps me to know what it is to be most fully human.

And this is also why I like the Tent;  posters here have that spark.

Cheers, TQ

I was at the coin shop today, thinking of picking up a little shiny. Then I got to thinking about next week and decided to take a chance and wait a couple of days. I might save 20 bucks, then again I might cost myself the same. It is funny how I sweat over a lousy 20 bucks when purchising gold, yet I will spend 20 bucks at Chilies or wherever and not think a thing about it!! Other than of course I always remember that I could buy that same meal for 12 bucks just a couple of years ago.