Oldtent Archives 2007 - 2008

I was just joking didn’t mean to run everyone away

Enough on the SLV I’m still working on getting it out of the IRA. :)     I stll have the top rail at 26. to work with right?  <G>

“If you know anyone who owns GLD or SLV please BEG them to take their money out and buy the real stuff!”

goldline.com/market-news/radio-show.html

without a doubt. ahhh 20 you say –just a moment while i roll off 4 sheets. did you see the purple ‘high 5′ on the back of the bill? just what is needed for people to identify by color because thet have problems counting with numbers instead of fingers which all look alike. bwahahahahahaha, wj

The Gold Cartel, and friends, have their hands full…

Hi Bill -
I just did a quick calculation on the market cap losses of the gold/silver cabal and it isn’t pretty. Assuming that the top gold and silver shorts on the COMEX are the very same “Authorized Participants” in the gold/silver ETF’s (which is more than likely) here’s how they are faring in the last 6 months in relation to their market cap

Bear Stearns -99%
Citigroup -60%
Barclay’s -44%
UBS -54%
Merrill Lynch -46%
Goldman Sachs -37%
JP Morgan -27%
Credit Suisse - 30%
HSBC -33%

Unfortunately EWT, LLC ( the computer program trading ring leader of the cabal) is not a public company so their market cap losses are unknown.

By now everyone must understand that had the bailout/nationaliztion of Bear Stearns not happened that the entire banking system would have melted down INCLUDING THE COMPANIES CONTROLLING THE COMEX AND ETF INVENTORIES!

It is obvious that those investors who bought GLD and SLV for “protection” against a market meltdown are now EVEN MORE exposed to a banking meltdown than they were BEFORE they bought the ETF’s. The “Authorized Partcipants” are the only ones who can withdraw the gold/silver. Also judging from the prospectus’ and my emails from the CFTC, it is likely they will withdraw all the metal to cover some of their COMEX delivery contacts.

If you know anyone who owns GLD or SLV please BEG them to take their money out and buy the real stuff!

Not much time left!
Bix

They showed the video with Jim Cramer.

“Don’t sell Bear Stearns”

Talk about a roast.  Ole Cramer came out like a burnt a piece of toast.

Just a guess…

They will be happy to provide them on a roll…suitable for dispensing within arms reach of the toilet…the boyz are so very obliging.

Nothing will be done to bail them out…Very token gestures which will not work in the end..And some will say well these people shouldn’t have extended themselves to the max and should have read the fine-print about re-sets..Maybe so, but I say predatory lending and specific targeting combined with  slick advertising bombardment and teaser rates to make even the brain dead qualify plus perpetual selling of the dream of owning a home  . How many times have I heard the prez and his goulies in the past touting the fact that 70% now own homes and praising the virtues of it.. New flash.: Not everyone qualifies for home ownership, it’s not a right.. And now it’s a little too late to be going back to conservative lending..The damage is done and it’s a stinking mess, a very carefully crafted stinking Greenspanian mess..It begs the question as to why the rates were kept so low for so long as to probagate the housing bubble.. Course he was just doing what he was told ..

can i have mine in the new ‘purple’ big ‘5′ dollar bills?
www.portfolio.com/interactive-features/2008/02/New-Five/?TID=advert/drudge/five-dollar-bill/wj

Never let a banker do it to you.

Barclays, a name out of the past!   I expect there is an escape clause in the ETF’s and I expect there will be a day when they close down the SLV and GLD ETS’s, everyone gets paid in some good old fiat paper.  Either the government will take all the gold OR the ETF’s have already leased it all and it is never coming back. 

I read through the lawsuit  filed on the two hedge Funds and what got my attention was my ol friend Barclays,they pulled the plug on Bear with their option to pull out the money that was the basis for all the diravitives piled on top of it.When you remove the underlying asset ,all that is left is IOU paper.A similar pattern arose when I was a stockholder of Apex silver.When I got wind that Barclays insisted on a hedge to protect its investment so it could withdraw its “investment”if anything went wrong.I smelled a rat and sold.Shortly thereafter it dropped from $21 to a recent $10 and Apex hedges of 3 years worth of production are  still under water ,there they sit with one of the biggest silver mines in the world unable to open.

It leads me to wonder about the fine print on their much touted ETF in silver .They are bound to have an “escape with the Money”clause in that contract.

My experience with them go’s back 15 years when they tried to screw me of 10,000 oz of silver.That was along story which I won’t go into.. They did not succeed then.

Truly a sad video, My Heart goes out….I had to sell My home through a divorce..

what is the FED doing to bail them out??…just continue to help the JPMorgans..and forget the hurting…another Government ..Burma-Shave…{SPIT}

TREASURIES - Soar as 2-30-yr yld spread near widest in 4 yrs

LONDON, March 17 (Reuters) - U.S. Treasuries soared on Monday, the 10-year T-Note’s yield fell back to near half-century lows and the two-30-year yield spread came close to its widest in around four years as U.S. financial markets faced a worsening crisis.

The Federal Reserve on Sunday to cut its discount rate by 25 basis points to 3.25 percent and approved special financing to allow for the purchase of ailing U.S. investment bank Bear Stearns by JPMorgan Chase .

The Fed launched a new facility that would allow U.S. primary dealers, which are mainly investment banks, to tap the discount window in a tool not used since the Great Depression.

The severity of the crisis, as highlighted by Sunday’s flurry of events, sent shockwaves through Asian and European markets on Monday as investors feared another casualty could arise after the Bear Stearns downfall.

“We are hearing from money market traders that there is also absolutely no liquidity in their markets and this is the ongoing problem which the Fed hopes to address with its emergency measures,” said a bonds dealer in London.

“We are waiting for some kind of liquidity in our market to return when the United States opens later today and for a sharp Fed rate cut on Tuesday.”…

“Last time we had 300-plus was nearly four years ago. But it was a very different scene back then, with investors fretting about the long wait for the Fed to raise rates, with long-end bonds leading a rise in yields to 300 basis points,” said Ostwald.

“This time, it is the other way around, and it is the short end yields which are outperforming by falling faster, steepening the curve, and raising the prospect of a sharp rate cut,” he added…

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