Loading ...I view SinClair as Pump & Dump
… arbitrary that he ” holds most of the stock ”
arbitrary .. of ” what the FOLLOWERS buy ”
we will see … He may well ( 2 B seen ) Pump the Price of TNX.to
up to ( say what ) guess $500 per share … that changes nothing
as Sinclair his-self has stated “ it is all a game to him ”
2_p
Switzerland or Canada are a safe way to protect one’s capital. I understand why there is a tendency to be attracted to things in distant lands as more attractive- it’s in human nature to follow the old idea that things are greener on the other side of the fence.
I hope you are correct about Swiss and Canadian “government bills”. I cant comment on the Swiss approach to these bills. But in Canada I wonder. This is a country that dumped all of its gold reserves, thanks to a deal between President Reagan and Prime Minister Mulroney (see research article on this topic by Ed. Steer, Edmonton, which I have posted several times here and on Gold Forum).
But I suppose one’s faith in parking one’s capital in Canadian government instruments might be influenced by whether we next elect a federal government that is right wing with left-wing leanings or a government that is left-wing with right-wing leanings [G] - I am referring to the insightful article by Doug Saunders from today’s Globe & Mail which I posted on Goldtent at 12:00 today.
Cheers to you for a pleasant weekend in a pleasant part of the world. Equiz.
you ( and most writers of commentary ) use the word Parabola
I doubt stongly that the word Parabola is used Properly
I think it better to use the word Exponential
All Straight Lines on a semi-log chart are exponential, on the corresponding linear ( price scale ) chart .
Language is significant ….
2_p .. ( parabolics have NO Place in price progression & I think you already knew that … so please use proper TERMS )
..
the “oil shale” in Canada to Cushing. Please check with your resident petroleum guru on Goldtent, Deadeye, who I hope would confirm for you that there is a world of difference from an engineering and cost point of view when one wishes to extract petroleum held in shale deposits versus extracting bitumen from unconsolidated oil sand deposits (as in the Athabasca region of Alberta). The pipeline to which you refer is moving petroleum from the oil sands deposits to locations south of the oil sands deposits. Cheers. Equiz.
I’m not sure that JS would be smiling much. 93 holes and one intersect of 66g/T 1m wide plus a lot of lower values only 1m wide. It isn’t as though it was a new discovery.
“She will be the first American to swim in five Olympics.
She is, and this is no overstatement, suddenly the face of a generation. After emerging from drug testing after the end of the race, she said, she looked at her cellular phone - she had, she said, 115 messages.
“She is a hero to her whole generation and women in general,” declared Aaron Peirsol, who tied a world record Friday night in winning the men’s 200-meter backstroke over Ryan Lochte by a mere two-hundredths of a second - Lochte’s world record, set last year.
……The Dara Torres Project is en route to Beijing. Ladies and gentlemen, anything is possible. Anything at all…….”
Watch as Dara Torres makes her fifth Olympics, finishing just ahead of Natalie Coughlin. -> tinyurl.com/5dyr9b
~ ~ ~ ~
33 days to the Beijing Olympics 2008
JBI
Above all, the solution I have proposed would constitute a major step toward the establishment of a full-bodied precious metal monetary system and thus toward ultimately eliminating the government’s physical control over the money supply and all of the violations of individual freedom that that control represents and makes possible.
And what is more, it could be accomplished at a cost to the Federal Reserve not of hundreds of billions of dollars—the sums the Fed is risking in exchanging its government securities for bank assets of vastly lower value—not for the $30 billion it has risked to bail out just Bear Stearns, but for a little more than $11 billion! Just $11 billion is the value at which the Fed carries its gold stock on its balance sheet, at a price of gold of approximately $42 per ounce.
Thus, to say it all in one sentence, the threat of massive deflation can be eliminated, the threat of inflation ended, and the actual and potential domain of economic freedom greatly expanded, for $11 billion—an $11 billion that would not even be an out-of-pocket expense to anyone but merely a balance-sheet charge on the books of the Federal Reserve System when it deducted its gold holding from its balance sheet and added it to the balance sheets of the banks.
Saturday, March 22, 2008
Our Financial House of Cards and How to Start Replacing It With Solid Gold
“Monty Guild continues to baffle though - posting the UBS report about hedging and the fact that UBS believes gold will top in 08′. ”
If we see the regular cycle, then Gold will top in 08 along with Silver, the PM stocks, Oil, etc………..just at much higher levels. Just another top on the road to the parabolic explosion……….
.
Monthly $GDM Chart : Gann Square of 12 .. one of the lines has the WRONG Colour, which is it and what Colour should it properly be ?
2_p
WASHINGTON (MarketWatch) — As gas prices hit a new high Saturday, Americans were seen cutting back on travel over the holiday weekend.
The national average for regular unleaded gas was $4.103 on Saturday, up almost 3% from a month ago and up 39% from last year, according to the American Automobile Association’s Fuel Gauge Report. With such heady fuel costs, AAA estimates that the number of Americans traveling during the Fourth of July holiday travel period fell for the first time this decade.
“A large majority of Americans are traveling this weekend, but they are just not going to go quite as far,” said Christie Hyde, AAA spokeswoman.
“If gas prices continue to [rise], it wouldn’t be surprising is that [decline] happened again,” Hyde said.
AAA expects that about 40 million Americans are traveling during the July 4th holiday weekend, down 1.3%, from last year. It’s the first Independence Day weekend Americans are paying more than $4 a gallon for gasoline.
Gas prices are highest in Alaska, where $4.59 will buy a gallon of regular unleaded. Other pricier states are California, where a gallon costs $4.57, and Hawaii at $4.45. The state with the cheapest gas is South Carolina, where a gallon costs $3.90. Other cheaper states are Missouri, where gas costs $3.91 a gallon, and Minnesota, where it costs $3.95.
~ ~ ~ ~
Unleaded Gasoline
- Continuous Contract NYMEX
– thru Thursday, July 3rd, 2008
~ ~ ~ ~
Light Crude Oil -
- Continuous Contract
~ ~ ~ ~
JBI
21,787,083 . . . . . . . . . . . 
The United States service sector shrank unexpectedly in June, according to a closely watched survey released on Thursday, while inflation pressures soared to a record high for the survey’s 11-year history.
The Institute for Supply Management’s measure of employment in the vital service sector hit a record low, which could fan fears of a return to low growth and high inflation, known as stagflation, that was last seen in the late 1970s and early 1980s.
The service sector represents about 80 percent of American economic activity, including businesses like banks, airlines, hotels and restaurants.
On Tuesday, the institute released results of another survey that showed manufacturing expanded in June for the first time in five months, helped by a weak dollar. That report also showed that inflation pressures soared to their highest since the stagflation-ravaged 1970s.
By REUTERS
Published: July 4, 2008
Philippine inflation hits 11%
By Roel Landingin in Manila
Published: July 4 2008 10:01 | Last updated: July 4 2008 10:01
do a search on enbridge. they are the pipeline from the oil shale in canada to cushing, oklahoma, as well as across the southern border of canada.
rno
NEW DELHI: Inflation, which is already in double-digits, is set to rise further this week and may even top 12% on the back of rising prices of edible oil, food products, fruits and vegetables and iron and steel.
The headline inflation figures, to be released on Friday, will reflect the wholesale price index for the week ended June 21. Last week, inflation had reached a 13-year high of 11.42%.
thank you my good nw bud…no place like home. a comfortable recoup for about a month or so should do it and i can than get back to my ‘abnormal’ self. [gg] 
wj
The Times—July 5, 2008
Shares tumble as global bear market takes grip
Gary Duncan, Economics Editor
Leading shares around the world fell further into the grip of a global bear market last night as fretful investors took flight from equities fearing a dire combination of surging inflationary pressures and faltering growth. Escalating fears among dealers, analysts and investors that losses in the leading equity markets could mount rapidly amid a growing barrage of profits warnings and grim economic news sent shares tumbling yesterday in both Europe and Asia. With US markets on Wall Street closed yesterday after American blue-chip stocks sank into bear market territory earlier in the week, their cumulative losses reaching more than 20 per cent from peak levels, it was the turn of Tokyo to set the tone for yesterday’s bleak trading conditions. Japan’s stock market extended a protracted run of losses for a 12th day in a row overnight yesterday, notching up a grim record as it registered its longest such losing streak since a 15-day long run of losses in 1954. Tokyo’s Nikkei 225 index fell a further 0.2 per cent yesterday to end the week down 2.3 per cent, with its losses over the 12-day losing run totalling a hefty 8.4 per cent. The Nikkei is now mired deep in bear market territory, standing 27.14 per cent down over the past 12 months. Japanese gloom rapidly infected European markets from the open yesterday, with further steep losses on the Paris and Frankfurt bourses fuelled as anxieties over a still-worsening toll from the credit crunch mingled with heightened concern over the worsening economic outlook. European shares as a whole ended down more than 1 per cent, and almost 2.5 per cent on the week, based on the FTSEurofirst 300 index of the continent’s leading blue-chip groups. n Germany, the Dax index ended down a further 81.53 points, or 1.3 per cent, leaving it down more than 21 per cent over the past 12 months, while in France, the CAC40 shed 1.8 per cent, taking its cumulative 12-month losses to more than 30 per cent.
Pessimism among European investors was compounded by a warning from Goldman Sachs, the investment bank, in a note to clients, that Europe’s banks might try to raise between €60 billion (£47.5 billion) and €90 billion if a steep turn in the credit cycle meant that they succumbed to losses comparable to the last such episode a decade ago. Goldman said that it had cut its performance forecasts for more than 40 banks, and cut share price targets for a number of those, including Royal Bank of Scotland, Deutsche Bank, Barclays and UBS. In London, the FTSE 100 index shared in the general misery, dropping by a further 63.8 points, or 1.2 per cent, to end a grisly week at 5,412.8, notching up its seventh straight weekly loss. The FTSE is also now on the brink of a bear market, with its losses over the past 12 months totalling 18.89 per cent. Strategists sounded warnings of worse to come, with a further sell-off in shares set to be fuelled by both the present deluge of economic woes and the problems of specific sector, notably the financial industry.
“If you look at the technicals and the fundamentals, people think that there is still some way for it [the FTSE] to fall - probably another 250 points before we get any recovery,” Neil Parker, of RBS said. “Nobody wants to be long in this market … I would be particularly worried by a lot of inflation numbers that are coming out.”
