Oldtent Archives 2007 - 2008

This makes a lot of sense:

I think gold will have a headline grabbing explosion this summer, hard as it

-> Posted by Richard640 @ 10:54 am on June 11, 2008 :: Edit post

is to believe-after watching the dismal action since high oil dominated the news, the past few weeks. I’m still a believer in the delayed reaction thesis–On Bloomberg radio this morning they reported some kind of survey about world confidence in the economic system-Below 50% indicates confidence is negative-the result was 20%! Every confidence instilling gambit by the authorities-like Bernake’s recent pathetic pep talk on the $ and inflation-every one of them lasts a day or two and then fizzles out-the new “clearing house” for the big banks worthless derivatives, had zero effect-just the opposite-it’s creation shows desperation and is a confidence killer!! I expect, similarly, an alarming crisis of confidence in world mkts very shortly!–

Gold’s $340 rally in 2007, never really caused wide-eyed panic on CNBS and certainly didn’t draw in the herd-Remember? It was all $15-$22 dollar moves-nothing dramatic.–so, just energy and the grains have had widely publicized moves-gold and silver are next-I expect the move to start within the next few weeks.
RL

….In the Version at Midas the link is highlighted and comes right here to the tent…cool Richard

Note the huge divergence in Oil vs Gold the last few months

the statement she made at the U. N., but that doesnt make today’s event less important.  If wrongs have been done and if those in a position of decision-making show a willingness to do something about it, why question it before giving them a chance to demonstrate that  they are sincere?  You ask ‘Why Mr. Harper?”  I think that is an irrelevant question, just like it would be irrelevant for me to ask “Why not Mr. Trudeau or Mr. Chretein or Mr. Martin?’  Have a nice evening on this important day in Canada.  Equiz.

jessescrossroadscafe.blogspot.com/2008/06/bernankes-conundrum.html

The Gang That Couldn’t Talk Straight

Bill,
Talk is cheap the saying goes, although not today if you’re a gold investor and it’s the President of the United States talking about the greenback…and the Treasury Secretary…and the Fed Chairman. In my mind they are “The Gang That Couldn’t Talk Straight.” Considering that the Fed Chair doesn’t traditionally voice an opinion about currency values and the President rarely does either, this p.r. assault comes off as a hurried response to Friday’s markets. Paradoxically, today’s talk couldn’t have been cheap for the government, in terms of the amount of resources needed to light a fire under the buck and simultaneously pummel precious metals prices.

Our leaders did steer shy of the one action that might have put a temporary floor under the greenback—announcing an interest rate hike to match the upcoming move by the ECB. But as practically everyone is aware, they are really hemmed in here by a collapsing financial sector, a sick economy and a presidential election in 6 months. So the biggest cudgel they could dig out of their saddle bags was a jawbone. With this they threatened currency intervention, a ploy never known to deter the market for long. It also seems a puny weapon for a President to brandish, as he sallies forth to meet a wild bunch of nasties, I mean Dollar bears.

All in all, the day’s events seemed contrived and unlikely to have a lasting impact. One observer, though, was sent into a tizzy—good ol’ Jon Nadler. He excitedly broadcast that this is “Hammertime” when, presumably, all those awful gold bugs who keep insulting him will get their comeuppance as the Dollar claws its way back to respectability. We shall see. My impression is that after years of wasting the country’s capital and reserves the Gang that Couldn’t Talk Straight hasn’t enough firepower left to do much more than ride around town waving jawbones, fooling only media scribes and those who didn’t notice that truth and integrity left on the noon train.
Best wishes,
Peter R.
www.pandacollector.com

Take the Perf chart back 1750 days….thats about how many days we have had since Jan 1 2000 (ie so far this Decade)

Brazil up 290%
Gold up 206%
India up 203%
China up 121%
Australia up 76%
Canada up 75%
USA (Dow) up 5%
Germany Down 4%
London Down 17%
Japan Down 25%

…..a lot of surprises there !

Canada’s vote against a United Nations declaration of aboriginal rights was an “astonishing” move for a country that claims to be a model of tolerance and diversity, says UN Human Rights Commissioner Louise Arbour.”I have to register my profound disappointment in this government for this failure.

..the Real Number was 20% …..LOL

..the Page shows a chart for each of 10 Markets in % gain / loss
…it is default set for the last 200 days
…put your cursor over any line to see which market it shows
….Even better click on the Icon on the bottom left of the chart with the little green and red squares
….you can also drag the left side of the 200 box back and pick a longer time period
….do the homework and see which is the Best Market for all time Periods …
…..Its Free and Its Fun….

stockcharts.com/charts/performance/perf.html?,,,,,,,,,

* * * * 10:07 PM - EDT * * * *

China food prices climb 19.9% in May from year earlier

JBI

2008 YTD - Pakistan?

and

2007 - Zimbagwe?

JBI

PS - I cheated with a little help from gOoGlE. LOL!
tinyurl.com/4z2ny4
Goodnight!

…We have a high load of traffic on our server right now…we share server with other websites….this is happening too often…we must try and rectify somehow…anyhow the Hostmonster Server Status Page says we may experience degraded System Performance…..ie slow loading and interupted service…SOEE should we link the Server status Page….so in future others can refer to it ?….(My e out is not working again..)

noted and appreciated what a special days this was in Canada for our relations with aboriginal populations.  In my opinion, today the Government of Canada, speaking on behalf of all citizens of the country, took a momentous step.  I address this note to interested persons involved with aboriginal populations in Lapland, in Australia and New Zealand, because we in Canada share a common history with you on how the dominant culture has developed and is developing its relationships  with aboriginal cultures.  I think peoples on several continents, and peoples in some other countries in North America and South America will not grasp the significance of  what happened today in the Parliament of Canada.  It is an event for which I am proud.  Cheers to all peace-loving peoples.  Equiz.

http://tinyurl.com/4ogbm7

Crispy clean and clear as a bell. Be at ease and sleep well. Take a deep deep breadth. We’ve only just begun. With the exception of just a few days in July of 2007, GOLD’s 300 DMA has gone UP every single day now for more than 3 years. The overwhelming evidence, imo, suggests that this Mother of All Bull Markets’ TREND is undeniably and undisputably UP, still alive and looking to climb many more mountains before calling it quits.

NOW at $792.32!

Goodnight, everyone.

JBI

…Thanks …..I looked at the Charts like the Nike 52 week chart and the Ordinaries and the Footsie..
they are all down modestly in the last 52 weeks…but it looks like a slow controlled burn….That World Index bears watching….If it breaks support..that would be something….

….The best Performing SM in the world is a trick question….can you get it ?