Oldtent Archives 2007 - 2008

“your investments should make you nervous but allow you to sleep.” when a piece of paper becomes worthless, it very seldom ever regains value. the physical stuff will always come back and will always have some value. if that is where your comfort level leads you, liquidate the paper and buy physical. you may give up significant upside potential, but you don’t have the downside risk in paper. sometimes we forget the order; water, food, shelter, then pm. acquire adequate amounts in that order.

cheers

rno

They sure seem to be experts in their field don’t they.  oh how cynical can I get before I explode.

“HSBC on Friday raised its price forecast for precious metals, citing a combination of bullish factors, including a weak U.S. dollar, inflation and an output decline. James Steel, metals analyst at HSBC in New York, said he was raising his long-term forecast for gold to $700 an ounce from $600 an ounce, reflecting the industry’s higher marginal cost of production.“

I need a taco

I think it was IGGY (sp), not that it matters.  :o)

silverngold

….I haven’t done the laundry, today, anyhow…………LOL.  I could probably go as far as 5 or 6 at this time.  When my eldest daughter lived at home it would have been more, but we have deflation- don’t cha know?

http://goldismoney.info/forums/showpost.php?p=1222581&postcount=15561

All the best.——aggie.

‘Ole goldrunner wouldn’t pull anyone’s leg…….wud he??? hahaha! All the best.——aggie.

Perhaps Denninger would have preferred them so simply sell their $800bn without consulting the US Govt.  Which they were perfectly entitled to do.  Instead, they take a commercial approach to a potential bad debt, asking an interested third party (US agencies) what can be expected from the situation, and get accused of blackmail.  Next time, if they ever take any notice of such libellous, hegemonic arrogance, they might just quietly sell and go away.  For me, Denninger can go and sit on the stupid bench for such unbusiness-like comments.

Actually, the Bloomberg article is not clear who instigated the “discussion”.  They say the “Asian investors were among the most important groups to soothe” and that “ U.S. officials were concerned that sales from the region would push lending rates higher,”:  the initial approach could just as easily (and even more likely) come from panicking US officials.  “Hey, you guys, er, we wouldn’t be real keen for you to sell any of your FNM or FRE, er, what, you know, er, how might you be, er, happy not to sell anything just right now?”  At which point the Asians are now ” asking the Treasury to bolster the government- sponsored company and its smaller competitor”, the dirty, devious, blackmailing so-snd-sos.

www.bordergold.com can change  his link to “product rates” to finally reflect the fact that one should now be able to pick up 10-ounce or 20-ounce silver bars for under $20.00 per ounce in Canadian dollars.  But I notice that bordergold is slow to move their sell prices down when the posted spot prices for silver and gold are declining.  I’m still expecting to get a better buying price on some more physical silver than I could have got last week or on Saturday.  If I dont get the buying opportunity I expect soon, that’s OK too because the cash can just sit there.  No sweat either way - either buy more physical silver soon or buy it a little later.  Cheers.  Equiz.

That doesn’t sound like you, PMF. Not getting to you is it?

Might work better than TA and FA

www.minyanville.com/articles/GSS-GLD-NEM-xau-hui-ASA/index/a/18337/from/yahoo

here move along

market-ticker.denninger.net/

We have had some very dry weather, plus I used a weed killer (safe for all lawns>>Except mine apparently) that my usually lush green Zoysia took offense to . Now I have browning areas and they are spreading. So I cheat.. golf courses use a product made by Lesco, a green turf dye..spay it on in the right concentration and abbra cadabbra-lush lookin grass. Fake grass to match the fake economy. Didnt think all the green on the greens was really always that perfect did you?

Why does this Steel guy think gold/silver going down by 2010?? He thinks inflations not going to be as bad then?? Okaaay

Sorry to hear u jumped back in slw so soon. Im still not back in, or others except for a couple like ozn only few hundred, even thats risky but in green for…the minute. Watching the majority of shares it seems to be..going back in time..and with the economy pushing them down with oil..till they have an excuse to bring it back up..all I can say is I wish I had a lot of money, pretty soon it would appear like throwing darts. But don’t know depends if market wants to lower the boom on credit and explorers going under or not. Eather way it don’t matter to me, opt to buy gold silver a prices over a yr ago, or stock some from prices two three yrs ago. Pretty soon oil stocks. Althought there is this fear in me right now that says we could very well wind up in that disaster that everyone is saving cash and metals for. Things don’t look good all the way around. And as that post from Wisc. u see how people get. I was thinking of collecting enough of the hopefully right energy stocks to go long for divis and for my young grand kids, toddler and pre schoolnow to roll over to IRAs later. But that warning to eventually be all out of the stock market by 2012 someone gave me is beginning to haunt me. As it is now you have to watch your money in them. Nothing seems safe any more. Just have to hang tough and stay alert I guess, although don’t consider my self tough lol. At some point in the game though waiting too long to sell may not be worth it, too late while still early to buy. As sure as oil will go up again,less they come up with something over night, will gold and silver too. At this rate silver physical ..and maybe stocks will be a real bargin for next target. If silver goes to 15 or even 13 or ??, and next target 25-30 Id say thats quite a bargin even more than gold short term. JMHO.