The uncertainty has been removed from the market.  Definite bad news is much better than uncertain bad news.

on Monday following this Freddie/Fannie news?? Also can ya believe the timing of the announcement that the feds were putting them both into conservatorship?….After market hours on a Friday…..how convenient! There’s little wonder gold has had the shit kicked out of it…..It had to be beaten down severely leading up to news like this. In after hours trading Fannie and Freddie shares were off 22 and 21% respectively.

All the best.—–aggie.

Hi Guys and Dolls,

It’s been very painful and required lots of faith to stay with this BULL. Here’s another compelling argument. Straight as a laser beam for nearly 8 years, and the best run is just right around the corner.

stockcharts.com/h-sc/ui?s=&p=W&yr=8&mn=3&dy=0&id=p77121721882&a=110275474

Whaddaya think??

http://tinyurl.com/5w9hr4

snaffle bit in it’s mouth? The above could be the answer. The news don’t look to good…..Dollar printing presses going into  overdrive?? I’d bet so.

All the best.—aggie

http://tinyurl.com/66n4f8

http://tinyurl.com/6995bm

one of these to paste on my pickup! hahahaha!

All the best.——aggie.

If your out there lurking– I miss sitting around the campfire and all the wisdom you brought to the Tent—-

Watch for the announcement Sunday:

tinyurl.com/6dxnz2

Nevada bank becomes 11th failed bank in 2008: FDIC

Fri Sep 5, 2008

WASHINGTON (Reuters) - Regulators closed Silver State Bank on Friday, the 11th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions.

The Federal Deposit Insurance Corp said the Henderson, Nevada bank had $2 billion in assets and $1.7 billion in deposits as of June 30. The failure is expected to cost the FDIC deposit insurance fund between $450 million and $550 million.

Nevada State Bank, which is based in Las Vegas, has agreed to assume the insured deposits. The transaction did not include about $700 million in volatile, high-cost insured funds called brokered deposits.

The FDIC said it will pay the brokers directly for their deposits at Silver State, which was closed by Nevada state banking officials. Its branches will reopen as Nevada State Bank in Nevada and National Bank of Arizona in Arizona.

The FDIC estimated there were about $20 million in uninsured deposits.

Customers can access their money over the weekend by check, teller machine or debit card, the FDIC said.

http://www.youtube.com/watch?v=rNQRfBAzSzo

Dont be in a rush about any holdings you have in MGA.TO or PNP.TO, because now today in an interim bulletin Dines refers to “the looming shortage of uranium for nuclear power plants in the 2011 to 2017 time frame.

Dines didnt tell me about the 2011-2017 bit when he was so hot on MGA and PNP and influenced me to buy into these two holdings.  I’m not ready to dump them at the big losses they now register in our family portfolio, so unless Ì change my mind we will hold onto these two turkeys.  Just like we hold onto PM-related stocks because POG is supposed to do something fantastic by some date in January 2011.  I suppose I should add  a “G“ here, except I dont see anything to grin or laugh about when I look at our portfolio this Friday evening.  Cheers.  Equiz.

Click here for an archive of Jim Cramer’s Mad Money recaps.

“We need to get America moving again,” Jim Cramer told viewers of his “Mad Money” TV show Friday. He had a simple message for the Federal Reserve: “We need another rate cut.”

Cramer said the country is in the grips of some of the worst deflation he’s ever seen, and it’s imperative that the Fed cuts rates to save it. Deflation is all around us, he said. Oil and natural gas continues to plummet, along with just about every commodity out there. The retail sector, said Cramer, is also horrible. Worst of all, the housing market continues to sink, with homes still losing value by the minute.

Cramer said that while no one is talking about a Fed rate cut yet, they will be by next week. He said the Fed needs to step up and answer the call, and unlike last year, take swift and decisive action to stop the deflation.

Reward for the whereabouts of Dr. NO and Chung Phat. Please contact JS @ Mineset.

Snip:

‘And there’s me, on the phone to my friend Robin Landry, the best market predictors I know, and I asked him about his take on things after the close Thursday  … .

[Landry’s words follow in the remainder of the snip]     ‘… .   This recent rally that’s just ended Tuesday on the highs with the reversal, all it could barely do was test the high of the 7th of August or so, and then it accelerated down and broke back through.

‘Now you have the 50-day below the 200-day moving average and the 50-week is approaching the 200-week moving average.

‘Many times when they are in this mode, you get your crash, you get a rally, and then you get a test.  The crash being the third, rally being the fourth wave, and the test being the 5th.

—

‘This time if that happens we want to see bullish divergences.  If we do not see bullish divergences, then it means that we’re more than likely on our way to the 7,400 area without  a subsequent 6-montyh to year rally in-between.

‘(Note, this would fit like a glove with the predictive linguistics which point toward a financial ‘lockdown’ in November and lots of bad woo woo through Feb-mar of ‘09 - G)

‘In other words, it appears the way things are going that we are lining up for a quicker downside resolution than what I had been anticipating because I thought we would have a decline down to 9,700 area, then a 3-6 month rally, and it could surprise us and set a brand new high.

‘But, we will learn more in this timeframe between now and the end of the year with the wave structure and the breadth of the decline.  That’ll give us a clue as to when the subsequent rally goes up, or whether we are in what Mr. Prechter describes as a Grand Super Cycle Decline that will last most of our lifetimes.

—

‘The main thing to get from these comments of mine is that if you’re in the market, you need to get out as soon as possible. It’s better to be aggressive at getting out, and have to go back in, than to sit on the sidelines and watch everything collapse in front of you. ‘

www.urbansurvival.com/week.htm

Thanks to all the astrologers, farmers, rednecks, chartists, geologists, nurses, engineers, doctors, ex-warriors, dentists, dairy inspectors, miners, sewage plant workers, bus drivers, expats, economists, bankers-n-brokers, inflationists and deflationists, geeks, Double-E-Toads, shortie-maulers, teachers and professors, ginseng growers, business managers, unemployed goldbugs, sailors and pilots, retired and active.

The contributions you have all made through your postings to the tent have enriched my life immensely so I thank you very much.

Aguila

EOM  

How insensitive of you to be dining fine tomorrow on Grilled Turbot and swilling Viognier, while most Gold Bugs have to satisfy themselves with meager rations of the specialty of the house: now 8 week old Dirt Soup, accompanied by Vinegar! (that will induce a very fine whine)

Enjoy the weekend, everybody!