Oldtent Archives 2007 - 2008

  Do I detect a little sarcasm?

  There were indeed claims of shortages at $20, but little evidence. Today seems a little different, my sources either aren’t selling at these prices or they don’t have it. No problem getting silver eagles for $18 - $20 ea. on Ebay though.

  To deny the paper markets are rigged or manipulated gets alot harder IMO, and they have every reason to keep gold and silver from competing as monetary instruments.

  Regardless, I like the way you call em’ like you see em’.

Paul and Ventura - I might even vote if they were running.

McCain up by 4 pts. eh? The media sure likes to make em’ close, no matter who “wins”.

  Check out http://www.goldseek.com for the latest snippet from Bob Chapman.

whose had a few falls recently (possibly minor TIAs) and may be on the way out.  He’s been smoking since he was seventeen, and he was having a rant about the warnings they have to plaster on tobacco tins nowadays - SMOKING CAUSES THROAT AND LUNG CANCER, etc.

He’s not going to give up until they can prove it.  At 95, I don’t think he has much faith in statistical probabilities!

rules to be enforced and abided by:

There, now I feel better!

Powers

In college I had an Irish friend from Chicago and he had some pretty horrendous stories to tell about what happened when people from one racial group wandered into the wrong neighborhood, “the turf” of another group.  I hope that it’s better now but….

I saw a national poll a couple of days ago that showed McCain ahead by 4 points.

Cheers

———————————————————————————

McCain is now favored…?…Where is Jesse Ventura with Ron Paul when you need them?

Powers

I have the ignominious honor of growing up in St. Sabina Catholic Parish [untill one of my 10 year old friends was shot out front of the church in July 1961] the parish at that time was the second richest of all Chicago [over 4800 families] 14 masses per Sunday.120 ft. ft ceilings. Start of next school year [about 40 days from the incident including many others in Aug.under the viaducts at 75th st.] we had only 2100 families left. Next year 1963 only 800 of the original families were left. Yes, it wound up as Father Plagler’s house of pain.
I am going to watch the 13th ward,23rd ward and the 19th ward ..which have over 80% of St. Sabina’s displaced families. These particular wards are heavily,heavily Democratic and between the three of them have over 150,000 registered voters. Call: McCain 125,000 Obama,25,000. Hmmmmmm … just heard from a pollster
I don’t know what it means for gold ,but something tells me we are going to get McCain.

However, the mantra is that monetising Fanny and Freddie will be inflationary.  Why?  Is not rescuing them by monetisation an anti-deflationary measure?  It prevents debt default by them, which would have been deflationary, but is not, of itself, inflationary.  Nor does it address the root cause of the problem, millions of people with mortgages that they can’t afford.  How does monetisation affect them?

Fully, 12:13, what you describe is deflation.  Nobody can pay the debts, so the debt default is deflationary.  Nor was the USD fully backed by gold in the thirties - that was partly why they revalued gold upwards by 75%, to try to bring it more into line with the dollars in existence.  Note also that is why gold and gold related stocks did well in the thirties depression: by fiat decree.

I disagree with Monty Guild in that the emerging world (presumably he means economies) are strong.  The stock markets of Brazil, India, Pakistan, China and Indonesia are down by 25%, 30%, 40%, 60% and 40% respectively - they don’t sound like strong economies.  China’s (the world’s) biggest mall, 1500 shops, has 12 (twelve) occupied after three years.  All commodities apart from iron ore, and maybe coal and cement, are off their peaks by over 20% - nickel, 70%.  And if Europe, USA and Japan fall into recession, their export industries will suffer.

The picture is really ugly right now.  I think it is unwise to concentrate on headline inflation figures as being the foretaste of things to come; let’s look at what is happening around the globe that may affect prices in the future.  Clearly the rapid rise in all types of commodity prices in the past was going to result in CPI inflation eventually.  Just a clearly, falling prices will result in CPI deflation in the future - we already have that in fuel prices, Diesel is already 15% cheaper now than a month ago (in Oz).

Do I hear — let’s see—

 The BOTTOM IS IN!

Yeah Baby!

Thanks for your well thought out explanation.   Maybe you’re right that the tiny commerical market doesn’t mean squat.  After all it’s “rigged” like everything gold. 

Heck this place was full with reports of silver “shortages” when it was above above $20 - go read the history.  The same people that were creating those shortages are probably thinking that these prices are a waaay better deal and they are buying like crazy.  Then there is the people that missed the boat entirely and want to get aboard.  Refiners are way behind and there is a big bottleneck at the retail level.  Buy all you want down here — who cares if it takes 4 weeks to get possession if you lock in the price.  I hope you didn’t fall for those reports of “shortages” way up there around $20.  It wouldn’t have even reached home yet. 

If you drop that lower line down to the low on that candle it also would make a big difference.

If This Chart breaks thru this Resistance…

Posted on August 20, 2008 at 19:45 pm by Fullgoldcrown -

I’m counting 55 head & shoulder on that chart doesn’t that mean it’s suppose to go down <G>

Nice dollar chart grin.

Don’t forget to vote for grin’s charts! 

mybe it will be that Putin actually expells the Putz,

instead of being the Putz, as you display him to be

2_point