Oldtent Archives 2007 - 2008

DX 84 ?….thats an upside of 5%….with a much bigger almost unlimited downside..where’s the risk reward in that bet ?

Heard tell there is 451 pages to the new bill.

Farenhight 451

The temperature that paper burns…..

Did they send us out another smoke signal?

…congratulations on a real winner…watch out though or you will loose it all…its a Parabola…

…as far as lines on the ratio charts…we dont need no lines….They are ALL Bullish for Gold…

….Gold is going up against just about everything…can you see it ?

…its not even all in the charts….PHYSICAL REAL GOLD is worth more than any chart can say…re premiums…

…Play the etfs…you are good at it….. but Rambus..I really really hope you hve some Physical too….tell me you do..please !

Puptent 20:47 dollar diconnect?

-> Posted by POPnoBOP @ 20:57 pm on October 2, 2008

look here…Jesse - second article down

puptent says and asks

re dollar strength

let say ibm deposits earned dollars from japan in a japanese bank..in the form of a cod…the japanese bank invest the dollars deposited in the cd..now ibm wants the dollars back…but there investment was short of dollars because it was a bad investment…they need to go to the feds to borrow the money to pay ibm back…

 have i got this right so far

therefor there is a rush to buy dollars..the dollar goes up..

but  it would seem to me that the off shore banking run would cancel the effect of borrowing dollars to pay ibm back

what am i missing

“Now, moving on to what is actually important with respect to gold… the Fed’s balance sheet was released just after the close, and we can see that it grew a whopping $285 bln for the week ended October 1st, 2008 (or about 19 percent). That brings the year-over-year growth to 42 percent, with nearly all of it having occurred in the past two weeks.

Ladies and Gentlemen, this is printing money on a never before seen scale. Since the Fed’s inception in 1913, it took the Fed some 84 years to grow its balance sheet to over $500 bln. It then took it another 11 years to grow its balance sheet by another $500 bln to over $1 trillion. Now consider that over the past two weeks the Fed has grown its balance sheet an additional $503 bln to $1.5 trillion !!!. THAT is a parabola of money printing. Take a look at a chart of the Fed’s balance sheet since 1996.  If that is not what hyperinflation looks like, then I’m a Leprechaun. 

Will this data matter to gold tomorrow? I’d sure think so.”

arch0708.goldtent.net/2008/10/02/silver-and-gold-1-ounce-coin-premiums-oct-2-08/

Exactly the time to be buying - when even Fully has given up cheering. And I have been buying both GDX and CEF. I will no doubt be early as often happens - but if one is a pm bull why would they not be buying now?

aurum GDX CEF

… WE are Primarily GOLD Bulls…

….and right you are…in this temporary deflationary period we are in Gold is Ruling over everything….even the almighty DX…

stockcharts.com/h-sc/ui?s=:&p=D&id=p88702858943

…I really am totally to blame for making the mistake that Gold Stocks would continue thier leverage to gold….we have been playing a game of chicken with the stocks while Rome Is Burning…

….But…My PF was at the March Peak 70% Stocks and 30% PHYS….

…Now taking into account we can Sell Gold Over Spot….its 60% Phys to 40% Stocks….without selling much of anything (except some stocks to pay taxes in April…lucky move there)

…I envy those REAL GOLD BULLS..who are only in PHYS …The Paper Gold has turned out to be Fools Gold so far…..But

…I’m with Sckpak….going forward the Stocks should regain thier leverage…read his latest at SCKPAK Compendium if you missed it…

….You are right..i’ve changed my tune and Focus….Gold is King…Cash is the Joker !

Check out mint state Liberty and St Gaudians $20 Gold pieces.

I paid about $100 over spot when I picked up coins in the low grade.

http://pcgs.com  Just click price guide at the top of the page.

Why don’t you put some lines on those ratio charts you like so well. I got bigger fish to fry working on an exit plan for my SMN. As the dollar and SMN seem to be working fairly close in harmony, if the dollar works it’s way up toward the 84 area that’s where I’ll look to cash in my chips. Maybe in the next 2 to 3 weeks I hope. Bull markets move faster when they are going down if you use an ETF,  if that makes any sense to you.
All the best….Rambus

I have been thinking of calling you lately regarding other metals but copper is a good subject always.  I have been working on other things lately and still have not finished visualizing the best way to construct the ground system for the sw.   But being a pragmatist, and wanting to make do with what is most readily available, I think I might be willing to take you up on your offer.  I have yet to initiate the shipping process for this equipment but will work on that this weekend and will also try to call you in the same time frame.  Thank you for paying attention to this thread.  I have over $1k in this gig so far and expect to pay 30% duty when I hit the border.  Good thing my labor is free or else I’d be broke!  Technically speaking, I am thinking about counterpoise versus ground, one requiring just a puny little wire and the other necessatates a larger conductor.  Maybe a conversation with MAYA will help me choose a direction.

  Pretty sure this ratio hit an all-time, lifetime high today

  Conclusion: either this is going to be a “V” bottom in the XAU or gold is about to get hammered or maybe the ratio just gets stretched further….DOH!

http://stockcharts.com/h-sc/ui?s=$GOLD:$XAU&p=D&yr=0&mn=0&dy=0&id=p75680704629

You said today was a demain– I understand the thought you were trying to convey but what is the definition of demain?  Did you revert to Nova Scotia France’ or did a typographical error slip through your inspection process?

P.S.  Have you enjoyed any North Atlantic Cod lately?  That is my favorite white fish hands down.  Halibit is fine but fresh Cod rules.

Hope y’all are keeping warm there.

Aguila

I notice your bull arguments getting more and more boxed into the corner.  You’ve given up talking bullish about silver.  Gone are the arguments for a copper explosion.  I haven’t heard you talk positively of the juniors for a long time.  The PIGS are slaughtered and now slow roasting on the spit.  The big caps in the HUI and XAU are now not worth discussing - as they’ve had their brains blown out and tossed into the shallow mass grave. 

You are left with the physical gold in various currencies & ratio charts to tout.  What we do know up to this point is that the yellow metal HOLDS UP WELL relatively speaking during a deflation capsize.  To summarize all the of the above: it’s a bear market and frankly - it sucks for everybody - except those that cashed out of stocks and went into DOLLARS. 

I was a dumb schmuck to buy all those gld puts - it was just another market education.  I had the right idea, but the wrong trading vehicle - should have picked slv.  I bought it for a hedge on my fizz, which doesn’t even bother me like the paper crap does.  I shut down most of that position and converted it primarily to cash and basic material puts. 

All those charts prove is that gold isn’t falling as fast as other metals, oil, xau, dow, fmn and foreign currencies. If everything else falls faster than gold it will show that gold is outperforming them.

p.s

Heres a ratio chart for ya.

http://stockcharts.com/h-sc/ui?s=$GOLD:$usd&p=D&yr=10&mn=11&dy=0&id=p75680704629

looks like the dollar is outperforming gold.