Oldtent Archives 2007 - 2008

a few guys around here no-tilled beans into the wheat stubble. they just forgot one small thing, hedging. got enough rain and hot weather to make a good crop-so far.

i noticed a few things don’t add up lately in the markets. the people who are getting hit with the dollar running aren’t buying commodities. their currencies are getting hammered and no one is doing anything about it. grains are trying to rally with the dollar going up. bonds should be soaring with the dollar, and they can’t take out their previous highs. the stock market should be roaring and it can hardly rally more than one day.

i was never much on intervention conspiracies, but this market has all the earmarks. hell, we got a war in georgia with a 4 million bpd pipeline threatened and oil can’t get in the plus. those of us who can hang on will see some good returns when the weak hands are rung out. we may see gold at 750.00 this week!!!

hope to have a small biodiesel plant running this month. i have a 50 gpm transfer pump so i won’t be at the crime scene long!

looks like i might be a little early on my physical purchase today. if it goes down more by thursday. i might be early again.

rno

Just checking stocks, haven’t seen anything like this before, charts falling off support like crazy, even the metal sectors themselves now. Then I started thinking, I am able to do that from time to time, really. This is like a time machine. The saying, if I knew then what I knew now.Im sure the gold cartels made money when it went up, and now are making money when it goes down. I made that call to Margaret, cabals will bring it down, when we were in gold 1000’s, in reference to her believing, this is it, but couldn’t blame anyone from not being happy, even me, but next day down it went but wanted to warn her. So are we going to get a chance to get in much cheaper for the next..target?? or are we going to see that target when we are in our rocking chairs? Summer gold fever has me talking gibberish again.

Barney, that was funny. Dog sense, we need more of that around here. Beginners luck helps. Saw your apple post, Steve Jobs is still making money.

www.youtube.com/watch?v=UiTkggIBV2k

INO has quit giving the USDX chart…

computer access for over48 hours as our desktop PC is down at Paradon on Bay Street to get a check-up.  On this substitute computer I decided about 10 minutes ago, without checking the Goldtent postings for the last 12 hours, to post the following  “So, ment17 and PMFEVER are you now postponing your prediction of POG at 1200 by 90 days, as per JS message today?”

But now I dont have to post that message to ment 17 and PMFEVER because you did it for me at 22:41.

Cheers.  Equiz.

Milo is looking pretty damn good around here…..Spotty showers coming often enough have kept most in the game…..The smart boys took some contracts out at appx. 12.50/cwt. It’s worth about half that much now. And we think gold is correcting??? Bullshist.

All the best.—–aggie.

will be waiting for you 3 to let us know when the Bottom is in. LOLL

See if Scott Thomas will give ya a discount from all the money he made off me when I…..like a real dumbass…..sold a ton and a half of silver back to him much too soon…..Under similar circumstances as now me thinks…..About the time the last goldbug pukes…..up she’ll go. Anyway, all kidding aside, tell Scott hello. I’ll vouch for him being a class act. A very good dealer IMO. We also have a fine dealer here in Amarillo….Turns out he is an ex PRCA cowboy of all things. Hard to believe….but true.

All the best.—–aggie.

so i followed Rambus call and a hell of a call it was, But now today we got allot from Moggy, yourself and Rambus telling the board all day “I TOLD YOU SO”, how about been a little more constructive, do you see a ST or IT rally in the cards, what would be a reasonable retrace if there was one. Would you still be bailing at this time or wait it out? I know you have made some good calls, but going back and telling people I told you so, is really not classy.

August 2006                August 2007               August 2008

8/4   645                       8/3   672.50              8/1  908.20

8/11  633.30                 8/10  670.40               8/8  857.50

8/18  645                     8/17  656.30               8/15

8/25  622.00                 8/24  667.40

                                   8/31  673.20

Did you see us just slice thru the 65 week ma?  It held as ’support’ for all of about 6 hours.  $730-750 would seem to be the next stop below the trap door.  You would think there would be an oversold bounce, but like I said earlier – the metal will be the last to fall in this drama.  Of course, right after everyone tossed their stocks and went to physical.

don stott has plenty of silver for sale, but on his website right now he has the following comment on the home page, “No more hundred ounce bar orders taken till Johnson-Matthey catches up.  (They’re half million ounces behind!)”.  I noticed that comment today and posted it earlier.

I am sure that I have posted this story before but I will repeat: I set my trades up on the screen and then proof and rethink (second guess whatever). When we first adopted Barney and still now he will come in and lay his head on the keyboard. I had a trade set up with an extra 0 behind the share number say 10, 000 rather than 1,000. Anyway Barney put his head on the keyboard and activated the trade. I quickly tried to go in to do a sell order - but actually the trade was massively going our way. That was when I knew Barney and I were meant for each other - but unfortunately it was just beginner’s luck on the part of Barney. Still I know we are meant for each other.

aurum

the lower limit of the gap is 751.30 on the weekly comex gold chart. we may be heading there but the rsi in below 10 now so look for a pop up anytime.

rno

Navigating my way around the net is bad enough although I have learned some new things on this board. But to have a mouse that plays ping pong with the arrow, or stops moving all togeather is quite frustrating, then missed a trade today. True day trades, although not a day trader I don’t see that often but don’t look for them. If you had a ot of money and went for pennies you could I guess. This one was a sure thing, and it was. Oh well. Now looks like gold wants to break support, and if it does and heads down as Rambus chart, wonder then if old support will be new resistance. Good thing is that second shoulder in June /July aprox was higher than first on the large H&S on Rambus shows you. Second was higher than first so maybe not as severe a drop in the long than if it were lower than first. But in gold market who knows. Can’t expect everything to be exact anyways, esp. in metals. Im wondering, or hoping even though large gold co. are taking a beating if the juniors will recoup first with a bounce. Isnt that how it goes? Large, then jrs. then small cap, large made more gains than jre. or small, but maybe it’s over for all right now, well see. They all are getting hit but the biggest seem to be getting hit the hardest.