Loading ...hopefully someone already answered about engine sizes but i will repeat.
ford small block-260,289,302,351
ford big block-292,312,352
chevy small block-265,283,327
chevy big block-348, 409
chrysler small block-273,318,360
chrysler big block-361, 383 hemis 352,392,426
this should be close. i don’t remember the exact years you were asking for.
rno
When I took a look at the daily $ chart this morning, I thought to myself that it must be a head the shoulder pattern that is so much talked about on this site. I must be getting better at recognizing the patterns. Interpreting what the patterns mean - I’ll leave that to the experts.
usdx, sell close below low of high day. gold, british pound, and crude oil, buy close above high of low day. if risk is too great, wait for retracement into low/high day. sometimes it doesn’t happen, but you can’t take every trade.(unless you have some very deep pockets)
rno
Dear Mr. Murphy!
As operator of the German language gold-website www.hartgeld.com I get a fairly accurate picture of the market situation in Europe, especially in the German speaking area:
1. There is almost no silver available. US silver eagles and CAN silver maples are in extremely short supply. Sometimes it is possible to get 1oz Austrian silver philharmonics in low to medium quantities. Plus a few exotics.
2. Nobody sells any silver at Hank’s virtual, artificial spot price of $10.50 - even if they have it
3. Just got a message from a reader in Germany about real market prices for silver ounces:
The largest dealer in Germany buys them for 9.89 euros, sells them for 14.81, Hank’s spot price is 7.5 euros. This means, this dealer pays a 31% surplus when buying, but demands a 97% surplus when selling!
4. With gold the situation is “better”, but the surcharge over Hank’s “Spot Price” is also about 50 euros (approx. $80)
5. Some people still buy massively, although demand has slacked compared to a few weeks ago. On the other hand, supply is decreasing more rapidly
6. Very important: there is almost no gold/silver coming to the market from investors, they still sit tight on their metal. Of course, there is lot of metal coming the market from people who need the money (Trichet’s confetti). Life became very expensive within the last year. Buying up old gold and silver is now big business in Europe.
7. Yesterday I had an interesting talk with a coin dealer in Switzerland. He told me he gets many coin collections out of inheritances. Younger people have absolute no relationship to gold and silver. They also have no idea of its value. Anyway, this metal either directly or indirectly (melted first) ends up in investors vaults - like in a black hole (nothing escapes)
Why did I call the price which is displayed in Kitco’s easy to integrate chart “Hank’s Spot Price”. Because in comes out of Hank Paulsons “virtual price factory”, also called PPT or Gold Cartel. In the meantime it has lost any relationship to reality.
When this manipulation scheme fails, the reversal will be spectacular. Just look at when Lehman or WaMu (85% failure probability) go bankrupt. I hope everyone has loaded up on gold/silver/shares at these low prices.
best Regards from Vienna, Austria,
Walter K. Eichelburg
PS:
When the reversal comes, you need new rockets. I have some for you. They are essentially yours, but with the launch tower removed (they look better this way). I also added a third rocket - the “rates rocket”, to be used when interest rates explode as a result of gold taking off.
***
Bill H:
To all; I believe yesterday was the absolute low price in Gold shares. In many cases stocks have fallen back to where they were in 2003-04. The shares got to valuation lows vs. the metals that I have never seen before in 25 years. Both Silver and Gold got hammered today in the paper markets while the shares were quite firm, up about 3%. We need to see this convergence continue and develop for the next few days. My guess is that the metals themselves have already or will shortly bottom and shoot straight up from whatever the lows turn out to be. All of this is moot since it is action of the paper markets. I believe within the next 1 or 2 delivery cycles on COMEX that deliveries go to a point of “force majuer”. I do not believe the supplies on COMEX will last while the world experiences shortage. The paper prices in no way reflect what is happening in the physical markets as premiums are widening. If I am right as to what I see happening, it is now game on! What we will witness this fall would have been unthinkable a year or two back. We have made it through this correction with the same amount of shares and ounces that we started with. Physical ounces, and ounces in the ground is what will be counted in the future, not Dollars.
I do want to say that I am very proud of my client base for their actions through this paper bloodletting. I had very few panic calls, had several calls to buy both shares and physical along the way and fielded requests to buy the last couple days. There are very valid reasons for accumulating the metals, we shall soon see those reasons appear in public. Our long term accumulation of both physical and shares will shortly be a Godsend. This will turn out to be the “greatest transfer of wealth” in the history of history. It has to be as there is more paper outstanding today than ever in history by orders of magnitude, it will be destroyed. Paper will chase metal. Paper has already sent metal into hiding. Those who still have metal holdings understand why they bought and why they haven’t been scared out. Metal is now in strong hands, it’s not coming back on the market for a long, long time. Regards, Bill H.
Regarding your 22:11 comment that you didnt think the US election has anything to do with current strength of the US dollar and that “this is all about keeping the foreigners and bondholders happy and buying UST`s“, my guess is that keeping the foreigners and bondholders happy is precisely the goal for the period up to the election or to the time of the January presidential inauguration. It seems to me it would be explosive not to keep foreigners and bondholders happy up to election date, but I think a “strong dollar policy“ might fade in importance once the polling ends. That is why I think this is election-related, but of course I dont know - I only think that way. Cheers. Equiz.
I like to read Norcini’s comments. He’s always returned e-mails when I’ve sent them too.
JS did say this is it and it is now - in case you missed it.
Does anyone think this Don Coxe character is heroic? Seriously, the guys says “yeah, the shitbirds manipulated the gold price, but I’m not even mad because it was brilliant” What? Brilliant and effing illegal as hell. Coxe sounds like a guy who is hoping he doesn’t get denied advance notice on the next manipulation.
APMEX ran out of “junk” 90% silver today. No bars, no rounds left, either. Just Eagles, Maple Leafs and Philharmonics selling around $14.00 + much higher collector coins. Looks like the silver “door” is practically closed; gold door to follow.
Another reason why the price of gold is tanking…
South African Gold Production Falls 16.4% On Year In July
Thu, Sep 11 2008, 09:39 GMT
www.djnewswires.com/eu
South African Gold Production Falls 16.4% On Year In July
JOHANNESBURG (Dow Jones)–Gold production in South Africa, one of the world’s biggest producers of the precious metal, slumped 16.4% on the year in July as the volume of minerals mined across the country declined, official data released Thursday showed.
Statistics South Africa said the output of non-gold minerals dropped 12% in July compared with the same month last year. Total production was down 12.6%.
Mines across the country have been knocked by a power shortage and safety-related work stoppages in recent months.
In January, a near collapse of the national power grid prompted many mines to suspend operations for up to five days. The state-owned electricity provider has since then rationed mines to between 90% and 95% of their usual power supply.
Industry body the Chamber of Mines last week said gold production in the second quarter of the year was down 10% on the year after falling almost 17% in the first three months of 2008….
-END-
The race for Adrian’s Moron of the Year Award is heating up…
New gold standard
Hello Bill,
At Nation Review Online Larry Kudlow has a link to a press release put out by a Texas congressman who proposes the U.S. return to an overt, modified form of the gold standard. If Rep. Ted Poe’s bill becomes law the following would happen:
(Larry Kudlow’s comments: kudlow.nationalreview.com/
Rep. Poe’s article: www.realclearmarkets.com/articles/2008/
09/congress_must_stabilize_the_do.html)
“My bill directs the Federal Reserve to bring the price of gold down to $500/oz and then to keep it there. The Fed would do this by announcing that its Open Market Desk was prepared to sell government bonds and contract the monetary base until the price of gold falls to $500/oz.”
I want this opportunity to nominate Representative Ted Poe, (R., Texas) as Moron of the Year. He beats the tired old hacks that other contributors keeping putting forward. Poe is deserving of this award for the following reasons:
‘1) Should the Fed succeed in bringing down the price of gold to $500/ounce, just about every gold mine in the world would operate at a loss and soon shut down. With annual world gold demand at 2,500 tons and mining production at zero, gold would rise far above $500 an ounce. The economics of this are so basic that only a true Moron of the Year could seriously propose it.
‘2) Gold is a commodity that trades in the open market. While gold is a rigged market, it is suppressed by Central Banks supplying physical gold through leasing. This means the U.S. government and its co-conspirators keep the price down by quietly feeding gold into the market.
www.gold-eagle.com/editorials_99/hathaway010899.html
So gold is a very illiquid market. If the Fed sold government bonds and contracted the “monetary base” enough to collapse gold to $500/ounce the world would fall into an even Greater Depression than the 1930’s. Certainly, just about every bank, financial concern and business would fail. Things would get to bad that we would have to eat our computer screens to survive.
’3) Thousands of people work in gold mines around the world. Many more are shareholders or creditors in mining companies. If Poe’s bill becomes law all the gold miners would become unemployed while shareholders and creditors would have their investments wiped out with no compensation from the U.S. government. This goes beyond Moronic territory to outright evil.
’4) Poe claims his bill would uphold the Constitution:
“When I became a Congressman, I took an oath to uphold the Constitution. The Constitution commands Congress to regulate the value of our money. My bill will do this. This is why it is essential that it become law.”
Article 1, Section 8, requires Congress: “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.” The Constitution says nothing about the extra legal Federal Reserve Board and its extraordinary, unconstitutional powers. The Founders required Congress to regulate money, not delegate this power to an unelected body operating that operates in secret.
’5) Poe says his bill would not return the country to a gold standard.
“My bill will not put America on the gold standard, like we had in the early part of the 20th Century. Under the old gold standard, gold was money. Limiting the supply of money to the supply of gold was a huge mistake. It was the basic error that caused the Great Depression.”
What Poe means to say is that his bill would not be a return to the classical gold standard. That was the system established by Sir Isaac Newton in 1704 in which the government traded gold for paper currency. This bill, however, would establish a gold standard.
Poe is proposing the Fed manipulate the gold market. His bill has the advantage that it would be done openly, as opposed to the squalid conspiracy that is going on now. If this becomes law I bet Larry Kudlow would deny that is constitutes manipulation.
Hank Fellerman
More from Dave in Denver…
We just bought a bunch of gold eagles for our Precious Metals Opportunity Fund. I would suggest that anyone who has the cash to purchase gold or silver should do so as soon as possible. At these prices there will soon longer be any gold and silver bullion availabe to purchase and it will take much higher prices to induce sellers.
As an anectdote, I was in Rocky Mountion Coin yesterday, the largest coin dealer in Denver and maybe the Rocky Mountain region. Every person who came in there was trying to buy silver eagles and could not.
Part of the problem is that the big internet-based dealers like Tulving and Monex and APMEX are not bidding enough to repurchase what they sell. For instance, Tulving is offering loose rolls of silver eagles at $3.49 over spot, they are sold out of mint boxes, and yet they are only bidding $2 over spot.
At some point the big dealers will start bidding much higher premiums over spot on behalf of large buyers. When this bull market started 8 years ago, I said that it wouldn’t end until the spread on 1 oz. gold coins was $100 over spot and $10 on silver coins. I am now convinced that my estimates are too low.
***
RK encore:
A friend just alerted me to this development;
Check out kitco stock for selling silver and gold….note how they used to say out of stock…well now it is just not listed …..that has to be a first….only silver listed now is 1000 oz bars…..
Here’s the link to their bullion product sales page – notice the absence of silver for sale.
online.kitco.com/bullion/completelist.html
best,
Rob Kirby
posted by sckpak @ 20:36, in paragraph 3 there is mention that there are also many precious metals stocks “that have more cash than their entire market cap with no debt”. Greene adds, “They never get much cheaper than that”.
I dont have time right now to search out examples of debt-free PM stocks that are sitting on more cash than their present market capitalization, but it strikes me as a worthwhile investment research exercise. If anyone on Goldtent is willing to share their picks of PM stocks that fall into this enviable category, I would be most appreciative to hear the names of such companies. Thanks. Equiz.
stockcharts.com/h-sc/ui?s=&p=D&st=1990-01-01&en=1979-01-01&id=p88702858943
There is the clearest neckline at about 80 that I have ever seen…..3 left shoulders…where the DX bounced off 80….then another bounce in 05 for a right shoulder…..then down thru 80 to 71…and now a quick trip back to 80
….if there is some reason such as volume that this does not qualify or some other bs reason you can think up….what about the support at 80 which held for 14 YEARS…would it not logically be strong resistance…..especially since the RSI is overbought to the max ?
…wrt to volume….what is the volume of the DX…?……You will NEVER KNOW…is it the volume of contracts traded on the Futures exchange ?..or the volume of Dollars traded over the counter around the world wrt the 7 currencies in the DX
Hourly Action In Gold From Trader Dan, too bad he is by far the best commentator on jsmineset.com
Your position sounds almost identical to my own.
This is going to change and I believe sooner than we or anyone else thinks.
Nice piece.
By crushing the silver price, retail is selling at a huge premium over spot, AND is disappearing rapidly. So the paper tiger is on fire.
