Oldtent Archives 2007 - 2008

zen

now

interesting Red - Green Vertex

^ ^

We’ve gone vertical lots before,
until the boppers slammed the door.
But a time will come, maybe now,
when GOLD and Silver will not bow.

It happens early in the morning
giving boppers not a speck of warning.
The shorts are caught by the skin,
in positions they can never win.

Overnight the shorts smoke and bake,
losing all by the time they awake.
“What happened?” they ask in a daze.
“I went to bed with the buck the craze.”

Vertical truth took over the ship,
GOLD shot the buck in the hip.
GOLD became captain once again,
while the buckeroo went down the drain.

“What happened to my short position?
Now all I’m eating is derision.
I got crow pie from my wife for lunch,
those goldbugs are a lousy bunch!”

Verticality came to take its own,
while you were shorting on the phone.
When you began to sleep and snore,
vertical GOLD was out the door,

free and easy it began to soar,
true and lasting it began to roar.
Boppers, beware, don’t close that door,
GOLD is written in vertical lore.

North

Going to look gbu up. Thanks. Been looking at your fine charts at stockcharts and voted for you a couple of times.

That should certainly draw a crowd to your new venture! 

sounds like a serial murderer criticizing the investigation which led to his capture.

There is no question about it - totally 1oo%  He never made sense before but he has totally gone off the deep end.

Let in 800,000 ’skilled labors’ through emigration to absorb the housing abundance? Now where in the h#ll are those emigrants going to find jobs?? Housing…..factories……yea, right. The reason so many of those houses are out of reach of most Americans is because so many of the good jobs have been ‘out sourced’. scheeeesh…..

Hammy, Yes I am sick of it too, cant imagine too many not being sick of it. Last week was a real piece of work. Just maybe the long term charts are saying we are the closest to a bottom in the gold share valuations in eight yrs. All the long term charts I have point strongly to “this is it” …g…Cheers

Floridagold, you almost have to wonder if they even want any orders for physical. Could it all be that evil? maybe..

Hi North, there have been a few looking strong in the face of the drop in hui, gbu has been a real leader lately too.

G night.

Greenspan agggggrrrr…But we have a news flash..Considering we are going to have a great rally in gold and silver for quite some time to come..Redneckokie and AuGirl have just confirmed that they will sling hamburgers at”Irish’s Island Hamburger Hut” dressed in Saran Wrap from head to toe[Redneck will have only a chef’s hat on] with an L.E.D display behind them of the” Net Dania” current pricing flashing our great rise to the customers. The menus will be printed on Aurums 10 year charts……

Former Federal Reserve Chairman Alan Greenspan is arguing that the most effective solution to the housing downturn is for the United States admit more “skilled immigrants” who would earn enough to buy houses and stabilize the housing market.In an interview with the Wall Street Journal, the 82-year-old economist estimates there are 800,000 units of “excess supply” housing for sale in the United States, and predicts the housing market will not recover until those homes are sold.

From the Journal: “He did offer one suggestion: ‘The most effective initiative, though politically difficult, would be a major expansion in quotas for skilled immigrants,‘ he said. The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

More: “He estimates the number of new households in the U.S. currently is increasing at an annual rate of about 800,000, of whom about one third are immigrants. ‘Perhaps 150,000 of those are loosely classified as skilled,’ he said. ‘A double or tripling of this number would markedly accelerate the absorption of unsold housing inventory for sale — and hence help stabilize prices.’”

Also in the Journal interview, Greenspan sharply criticized the Bush administration’s rescue plan for Fannie Mae and Freddie Mac, reasoning the government should have nationalized the companies instead of supporting them as for-profit, shareholder-owned entities. He says the administration and Congress should have “wiped out the shareholders.”

– Peter Viles

  It seems to me that the paper markets have in fact somewhat de-coupled from the physical markets. At least from where I sit I can’t see a whole lot of silver available down at these prices.

   The biggest impact these paper markets have is on the paper stocks of the mining companies. I’d really love these mining companies to get together and stop the supply line, until prices exceed costs and afford them profits - kinda like OPEC.

   Seriously though, if AuGirl’s sources are right and this was forced selling - I suspect she is - then these prices should snap back quickly to the point at which the forced selling started.

   What frustrates me to no end is the fact that the silver shorts are never squeezed into a position of forced liquidation causing an overnite price SPIKE.

Some juniors are showing hope now. ECU has broken out against the HUI.

stockcharts.com/h-sc/ui?s=ECU.TO:&p=D&b=5&g=0&id=p67507196629

CZN.to has also broken out against the HUI.

Makes you want to call up and order from Kitco doesn’t it -  NOT!  Of course I would never order from them anyway but with that disclaimer - why bother! 

where there are several discussions on the web on whether prices will go down into single digits? Maybe 7 f.e. If silver can fall 2 cents in one night - it can fall three nights in a row 2 bucks. Not?

grin - i’m going not to feel save anymore. And i ended my note with “at least to increase % of physical against paper”. I stick with it. If you can’t use margin anymore due to your positions being wiped out over night (also due to JS) and you have to be afraid that your broker at some point eventually goes belly up and paper in fact is suppressed in any form (futures, stoxx, …) - why should i stay with paper? At least it should be considered to take some action. Besides the fact if many gold- or silver bugs start taking action. We might get leverage due to the fact that we are going to buy up any physical available. Again timing can’t get any better!

BTW also in gold there are discussions already about gold 500. But that isn’t the point … the point is: does it still pay to invest in paper? Maybe, everything considered, to be in physical is indeed the better choice. At least it’s worth to think about it.