Loading ...Can’t say that Barolo was the first wine to cross my lips, I think it was Dad’s homemade gooseberry wine in in the woods behind the house.
Going to try making some cosmopolitan martinis for Mrs Winedoc and one of her good friends coming over for dinner tomorrow. For me I’m going to grill some turbot and figure on a nice wine to go with that. Yes, think, think…….. I’ll go with a Viognier as I haven’t had one in a while.
Night folks
Winedoc
Haaa you bet man I lost my vision or feel for it right at Nov. of 07 everything has been upside down since.
Hey, I “only” lost $2600 holding onto SRLM longer than I should have. So your stock recommendations suck-can’t say mine have been any better lately. Double short on Nasdaq made up for that one this week. Now if I can recoup some other damage!! Might take a long time.
Imagine buying that one at the top!
Your kidding, right?
Everyone knows that the bottom is in on the financials - they keep telling me that in articles and CNBC, Bloomberg. Oh, by the way - the bottom is in for the home builders - airlines - car companies - just about everything EXCEPT …… gold/silver/copper/plat/beans/corn/wheat.
OH, by the way, this is the 13th time they have called the bottom in all the above. 
Hey that almost sounds like latin….g…
honestly it is fun working on charts, hope they help but not sure they do.
Don coxe link that someone (escapes me ) provided today was very good and underscoores just how tough it has been to stay on the right side.
Looking forward to Jim Puplava’s return tomorrow and the discussion about a class action suit I believe.
Hope? you bet…
I think it is a rush to liquidity. All stocks are falling. People will have margin calls, even the idiots who ignored Jim’s instruction to not have margin, and are now beseiging him with their calls (95% of his callers are on margin), so all and any shares will be sold - and why not sell any PM shares in a portfolio as the metals are falling? All shares will fall in a downdraft like Thursday. Some hedge funds are liquidating everything, desperate to stay afloat (should probably start calling them “edge funds”, ‘cos that is what they are on), so all sorts of PM derivatives will be dumped, killing the PM prices.
The next set of instos to be frantic for cash, IMO, will be the banks. Unlike the edge funds, their derivatives are for protection, rather than speculation, and are dominated by FOREX and interest rate deris, so the effect on PM’s will be small. Certainly for the Aussie and Kiwi banks all the overseas short term debt rollovers will be painful the way their currencies have collapsed recently. The next phase of the commercial (as opposed to speculative) credit crunch is about to start. Then I think that fizz will move upwards: the speculative positions will have mostly been liquidated, and fear as to how good anyone’s credit is will reawaken peoples’ memories that nothing is as good as gold. Banks will start calling in margin positions by changing the % allowed on margin, say from 70% to 30% and promptly making the call. That will give them a liquidity boost much quicker than foreclosing on a mortgage. Of course, that will not be good for the SMs.
-> Posted by aggie @ 17:37 pm on September 5, 2008
Excellent charting today! Tks. All the best.——aggie.”
I second that notion! Never miss one of your charts.
Yeah pretty amazing ain’t it. We don’t even see the simulation of a free market. Supply and Demand? Throw that antiquated notion out the window. Something is worth whatever the paper blizzard puking cartel says it is. Norcini was talking along the same lines tonight.
So what now…I guess we wait some more…wait and wait… until something happens to turn off the mirage machine. And what will that be? Maybe just the momentum of the paper Ponzi scheme will be enough. The whole fat bloated mess will just fall over and break into pieces on it’s own. I dunno… we can dream.
Cheers, ipso
Yeah, it’s unbelievable that so many of these what seem like good prospects could just evaporate like that literally overnight. Poof and they’re gone — especially the juniors and now working its way up the food chain. The Great Destroyer cometh!
Someone who was upgrading my computer..what else could happen week…told me that surewest sold out to verison. That he had just payed for his phone for surewest and it went dead. Seems like that would be illegal to me to pull that on people when they know they’re gonna sell out a company.
Oh, poo, think that’s bad…how about this: bought at $35.32 now on sale for $19.72.
http://stockcharts.com/h-sc/ui?s=SSRI&p=D&b=5&g=0&id=p77800734283
Moggy
Hey that was my recomendation SRLM I hope you SHORTED it like I told Lurker to do.
Ohhh am I gonna get it for that one……. 250 pls. and another 250 for changing my recomendation …ahhh last week
Actually I apologize to the tent because I had a lot of faith in Ray De Mott and opened my mouth way too wide….I am sorry everyone
You’re a hoot!
http://www.youtube.com/watch?v=zHF9szN20Z4
In case you dance, this is rumba music.
Moggy
You think the week was bad right? Well, be happy you didn’t get stuck on this ride:
When I think about my juniors this is the chart I keep seeing…I call ‘em round trippers.