Oldtent Archives 2007 - 2008

Jim Sinclair’s Commentary

I compliment John’s article, but think the number should be $1200.

www.sprott.com/pdf/investorsdigest/digest.pdf

I agree with your outlook. Except maybe that I am reading into your post that you expect the last leg in Q’s say to be an important last leg. There I disagree. Well also since gold did not follow oil up, I don’t think it will follow it down or really probably sideways.

Anyway IMO you have spotted what is important on the chart and were adept to catch this down move. Congrats.

aurum

Dear Comrades in Golden Arms (CIGAs),

In years to come, market students reviewing gold’s price action moving from $600 to $1200 will appear as much of a straight line as any market can produce.

Don’t miss the historical move you are in. Look at the big picture.

Don’t allow the daily arranged noise to dull your market senses. Nothing gold will fail to perform.

The larger the legal and illegal short, the more dynamic the upcoming move of the juniors will be.

Cancel all open sell orders in gold anything.

The sun is setting on the gold and gold share bearish bullies who wished only to destroy, contributing nothing to anyone but themselves. The world is made up of builders and destroyers, givers and takers. When the book is written, the hedge funds will be seen as destroyers of the financial world and having taken all the wealth of their investors in the process.

Royal Gorge has an assortment of historic locomotives, preserved and operating on what was once the Rio Grande line thru the canyon.  The streamlined EMD F7 unit in the V-bottom image was once a yellow &  green  Chicago & North Western engine that pulled their  streamliner, ‘The 400′, between Chicago and Minneapolis, thru my hometown in Wisconsin!

They would do better to be introducing the Bubonic Plague into their countries.

Nah no calls, options or futures for me.  That is way too much excitement.  I’m about 2/3 juniors and 1/3 biggie PM stocks along with my one gold sovereign.  So…being mostly in the juniors this has been one long dry spell and I’m looking forward to getting to the oasis.  (ever see the original Flight of the Phoenix)  I need a big long drink. 

“$1500 gold and $50 silver could be seen within the next 4-8 weeks….”

That wouldn’t be so bad. 

Cheers

(purloined from the USA Gold site)

GLD ETFs

I am a subscriber to Jim Willie’s “Hat Trick Letter,” and noted an interesting blurb yesterday regarding GLD ETFs. I have included the paragraph below, and was wondering if anyone could substantiate the claim:

A bizarre but consistently corrupt directive has been proposed by the lapdog Commodity Futures Trading Commission (CFTC) regarding the StreetTracks Gold Trust, the ‘GLD’ Exchange Traded Fund. Managed by JPMorgan, the GLD fund is ripe with corruption, without any doubt in my mind. They use whatever gold bullion they possess to short gold for the cartel, thus neutralizing physical gold demand in brilliant fraudulent fashion. The CFTC has proposed the exemption of StreetTracks Gold from provisions of the Commodity Exchange Act in reporting their trading and clearing of options for its GLD shares. The CFTC has also proposed the exemption of StreetTracks Gold in reporting physically delivered gold futures contracts based on GLD shares. Options and delivery for GLD share activity are soon to go dark, no audit trail whatsoever. If they never purchase gold bullion as promised, as stipulated in their prospectus, no regulatory body can enforce it, let alone discover their failure to do so. This is the exact opposite of what a legitimate fund would do. The powers are slowing eliminating all rules for honest accounting. Within two or three years, confiscation of GLD gold bullion might be possible without any violations of law, and possibly without any recognition by its shareholders, maybe no announcements even. The GLD is a major fraud, just like the SLV silver ETFund run by Barclays of London.

How much credit do you give your patients when they hold the puter for you so you can multitask? HA

Equiz: you’ve got more amo for the screen play.

…..who says you cant do 2 jobs at once…..thats Warren in the chair and he has a great little goldcrown on 3.7…..I was looking to remove it but he got away….Goldballoon took the photo standing on the assistant chair rollers and all….with the camera raised to the ceiling….Layed back ?

(purloined from the USA Gold site)

GLD ETFs

I am a subscriber to Jim Willie’s “Hat Trick Letter,” and noted an interesting blurb yesterday regarding GLD ETFs. I have included the paragraph below, and was wondering if anyone could substantiate the claim:

A bizarre but consistently corrupt directive has been proposed by the lapdog Commodity Futures Trading Commission (CFTC) regarding the StreetTracks Gold Trust, the ‘GLD’ Exchange Traded Fund. Managed by JPMorgan, the GLD fund is ripe with corruption, without any doubt in my mind. They use whatever gold bullion they possess to short gold for the cartel, thus neutralizing physical gold demand in brilliant fraudulent fashion. The CFTC has proposed the exemption of StreetTracks Gold from provisions of the Commodity Exchange Act in reporting their trading and clearing of options for its GLD shares. The CFTC has also proposed the exemption of StreetTracks Gold in reporting physically delivered gold futures contracts based on GLD shares. Options and delivery for GLD share activity are soon to go dark, no audit trail whatsoever. If they never purchase gold bullion as promised, as stipulated in their prospectus, no regulatory body can enforce it, let alone discover their failure to do so. This is the exact opposite of what a legitimate fund would do. The powers are slowing eliminating all rules for honest accounting. Within two or three years, confiscation of GLD gold bullion might be possible without any violations of law, and possibly without any recognition by its shareholders, maybe no announcements even. The GLD is a major fraud, just like the SLV silver ETFund run by Barclays of London.

news.bbc.co.uk/2/hi/business/7410501.stm

or just physical & stocks? I don’t think they can keep a 14 buck a day cap on gold much longer….I think there’s a high probability that it will be ”panic time” into PMs very soon–it’s obvious that the funds are desperate to put money to work….$1500 gold and $50 silver could be seen within the next 4-8 weeks….

This is the break I think you are looking at on the $CDXN. It seems to be doing well on its own but when you compare it to the HUI or Gold it still looks rather weak. Hopefully we are just doing a backtest on the cdnx:hui and then, once the backtest is completed, we can start to out preform both the HUI and Gold going forward.
Fully, I hope we can party sometime in the future as you seem to be a real down to earth kind of Dentist. All the best to ya FGC…Rambus

And a Big Thanks to
Mr. redneckokie1
for the education..
Is too complicated
for me,, but may assist others
into this type of trading ..

www.traderslog.com/welles-wilder-interview.htm
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www.youtube.com/watch?v=WwqhhZnl8G4

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abtd
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Good luck on the silver calls.  If you’re right on the timing then I’ll be seeing you in Squillionare Acres real soon.

Woo Hoo!