Oldtent Archives 2007 - 2008

The buyer is a smart guy.  I thought this site was about respect?  Somebody is still getting me gold coins at spot or just below - maybe it was them that polled spot silver?  No need to be insulting just ‘cos you’re jealous.

17:39, now you really are insulting me, to think I’m stupid enough to tell my supplier that he should charge me more!  If that’s the way you buy then it’s clear who the bad businessman is.  They’ve been in business for 34 years, so they probably know their way around.  I see that they are now buying back silver at 3% over spot, although that includes freight and insurance from anywhere in Oz.  They still have  15kg bars, and now have 1kg bars for immediate delivery, POA.

do you have a Date reference

and

a Link for what you posted ?

to hear, but I think that David Duval  on  jsmineset at 2:26 today (Sept 13) did some of us a favor by drawing our attention to Dr. Martin Murenbeeld’s recent PowerPoint presentation.  I am impressed that David Duval, with his association with Mr. Sinclair, speaks so highly of Dr. Murenbeeld’s qualifications.  I share that high respect for Dr. Murenbeeld, whose presentations I have attended at investment conferences here in Victoria.  I have never met Dr. Murenbeeld, but assume that he enjoys living in this beautiful city as much as we do.  His background is summarized in the link below.

The main purpose of this posting is to follow up on my posting of a week ago, in which I expressed support for the van Eeden suggestion that gold was priced now right about where it should be, based on the variables  in  his model of ‘theoretical gold price’.  My impicit acceptance of gold in the low 800’s as being “just about right”, at least according to van  Eeden, led fgc to suggest, jokinly  I assume, that  I had gone over to the dark side, but fgc did express the hope that God (whoever that is) would have mercy on me.

Anyway, back to Murenbeeld on today’s jsmineset, for anyone interested I recommend a viewing of the 47 images in his PowerPoint presentation.  I suggest scrolling down first to image 47, which confirms that Murenbeeld is bullish on gold.  The other images that I took note of are image 4 in which gold’s ‘Basic uptrend 2′ puts POG in the 800-850 range now -perhaps right where it should be, like van Eeden’s model also predicted.  I also note his image 46 in which his most optimistic scenario predicts an average price of $1002 for POG in 2009.  Part of his reasoning is that POG often declines on the back of a U.S. recession (image 42), plus image 45 indicates that dehedging is going to end soon and POG will lose this demand component.

In summary, I find it easier to relate to models and POG predictions of van Eeden and Murenbeeld than I can for the predictions of POG at 1200 before 2008 ends.  So now fgc will really think I have gone over to the dark side.  Cheers, all.  Equiz.  You can read about Dr. Murenbeeld below, but his PowerPoint images are on the jsmineset site.

http://www.murenbeeld.com/personnel.html

I had many answers I discarded.

Do aurum and your market say HUI search.

You will find no major errors so far and I use the old school EW.

aurum

The weaknesses of the EWP are as follows:

An incorrect reading of even a single minor wave can put one on the wrong side of the market for some time.

Corrective waves are notoriously difficult to evaluate and often their conclusion can only be determined after the event.

The exceptions, e.g. 5th wave failures and wave extensions, can lead to some serious mistakes and major lost opportunities.

Often the minor waves are confusing, difficult to interpret and conflict with EWP rules.

It is difficult to comprehend by other than seriously devoted students.

For sake of clarity, the revised naming format for the various waves is repeated once again:

The bull market consists of five Major waves designated ONE, TWO, THREE, FOUR and FIVE. Major TWO and Major FOUR are corrective waves with a 25%-30% magnitude of anticipated decline.

Major upward impulse waves, ONE, THREE and FIVE will each contain 5 Large waves designated in Roman Numerals, I, II, III, IV and V. Large II and Large IV are corrective waves with a 16% magnitude of decline, give or take a couple of percentage points.

Large waves I, III and V will each contain 5 Small waves designated 1, 2, 3, 4, and 5. Small waves 2 and 4 are corrective waves with approximately 8% magnitudes of decline.

Small waves 1, 3 and 5 will each contain five Minor waves designated i, ii, iii, iv and v. Minor waves ii and iv are corrective waves, each declining 4%, give or take 1-2%.

The gold market is in the process of completing Large wave II of Major wave THREE. Once Large II is finished, Large III of Major wave THREE will commence. As detailed in Update 20, this should be a strong upward impulsive wave that could reach to above $1,500 before it is completed.

These forecasts are based on the rhythms detected in the gold market during its early stages. The magnitude of the various corrective waves helps to identify the type of wave sequence underway and assists in pinpointing errors when they occur.

Alf Field

We are back on the same page. Well we may even be right!

aurum

Just a late night “beer bet” for fun.

The lows are not in. Reminds me of my ment days.

aurum

For the record, I’m not mad at you at all. I guess maybe alittle disappointed that someone as smart and educated as you can have such a closed mind and narrow focus when it comes to the investing world. But you are who you are and that is what makes you fully. I would never want to change who you are for anything. I have an older brother that use to aggravate the heck out of me when we were kids growing up. At times I just wanted to knock the crap out of him but he was always bigger than me so that wasn’t an option. Once I learned to just ignore him the aggravating stopped. As we grew older we became the best of friends and as a matter of fact, he is my best friend in the whole wide world, bar none. I would give up my life for him, in a heartbeat, if that is what had to be. We can talk for hours on any subject and we respect each others opinions even if we don’t agree. I was just letting you know the other day that yes you do aggravate me sometimes, but I still respect you as a human being and a permabull gold bug.
The reason I didn’t respond to you on that neckline for the dollar chart, is that I was ignoring you. I knew you really didn’t want to here what I was going to say so why waste my time and energy talking to a fence post. You are fully, the permabull, where nothing but permabull information shall enter your mind. I’ve accepted that a long time ago, that is why I will never be angry with you no matter how narrow minded you can be. I may become frustrated with you but that’s as far as it will ever get. You and Irish are two of the funniest guys I know with your one liners. I have had many laughs with you guys and hope to have many laughs in the future. You two guys missed your calling. You could be comedy writers for Saturday Night Live or some sit com.
Anyway fully, peace and all the best to you. May your permabull status grow to be know worldwide as you lead your kind to the top of the mountain……Rambus

I guess you never figured out that I am not a team player

I am always happy to help. What is the problem?

aurum

…Who’s T A ?….eh?

in response to my ratio question…I will respond to you tomorrow because I am beyond the ability to do so due to a high level of frustration sourced in computerland problems…had computer repair out today, he left around 3 p.m. and thereafter I was unable to access the Tent, although not having any trouble with the other forums that I frequent.  Although I still get a complete blank white page when I attempt to get to the Tent, I found a backdoor that just got me in.  But not without the help of two fantastic people who lent assistance via telephone…many blessings to you both.

So I thank those of you who responded and I will chat with you about it tomorrow…and thank you.

Moggy, computer illiterate 

immediate Short Term

intermediate to August 2009 ..

of the re-naming