Oldtent Archives 2007 - 2008

….The Treasuries can just use the CBs to Print it all….you will get your 250,000 but in worthless paper

Gold at $1,103 (in real fiat!)

…BUT..Gold Up 2.5 anyway

…that means a powerful new High (all time) in Gold Euro…

..Breakout ?

Tonites action not on this chart…but must be up big

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

The real reason why the govts. are all busy guaranteeing deposit accounts is because they cannot afford a general run to start.  There isn’t enough paper (or plastic) folding money to be taken out.  They can truck  between banks to satisfy one bank run, but if several started then they can’t print it quickly enough.  It’s a confidence thing.  Not that the guarantees matter if the banks are closed anyway …….

Disinflation..then Inflation
arch0708.goldtent.net/2008/10/05/still-no-deflation-disinflation-then-lots-of-inflation/

Adrian Douglass
arch0708.goldtent.net/2008/07/16/adrian-on-inflationbest-explaination-ive-seen-yet/

Ferret July 19
arch0708.goldtent.net/2008/07/19/but-back-to-the-flations/

Hyperinflation Special
www.shadowstats.com/article/292

arch0708.goldtent.net/2008/07/21/comments-3/

FRR May 28
arch0708.goldtent.net/2008/07/28/sorry-to-say-some-poeple-still-dont-get-it/

Gary North
arch0708.goldtent.net/2008/07/30/gary-north-flation-does-he-read-here/

In De Gestion FGC
arch0708.goldtent.net/2008/08/19/all-thei-in-de-flation-talkand-worrygives-me-in-de-gestion/

James Turk
www.kitco.com/ind/Turk/turk_aug262008.html

L P
arch0708.goldtent.net/2008/07/21/%e2%80%98flation/

Max Keiser
www.huffingtonpost.com/max-keiser/the-black-scholes-atomic_b_114197.html

Ment Oct 4
arch0708.goldtent.net/2008/10/04/soee-042-am-on/

Monty Guild
arch0708.goldtent.net/2008/07/17/monty-in-the-inflation-camp-not-sure-about-half-monty-though/

Old Lurker
arch0708.goldtent.net/2008/07/12/inflationdeflation-6/

PM Energy
arch0708.goldtent.net/2008/07/21/why-3/

PM Energy July 24
arch0708.goldtent.net/2008/07/24/the-flations/

PM Fever July 17
arch0708.goldtent.net/2008/07/17/sabre-ferret-tqi-think-you-are-confused-because-you-are-talking-in-circles0/

PM Fever July 21
arch0708.goldtent.net/2008/07/21/sabre-1210/

PM Fever July 28
arch0708.goldtent.net/2008/07/28/sabrethe-1990-break-in-japan-and-the-2000-break-in-the-dow-are-very-differentbecause-of-the-currencies/

Sabregold
arch0708.goldtent.net/2008/07/17/deflation-9/

Samb July 21
arch0708.goldtent.net/2008/07/21/sabregold1210/

Samb 2
arch0708.goldtent.net/2008/07/21/tq1802/

Schoon
arch0708.goldtent.net/2008/07/22/schoon-on-inflation-deflationmaybe-the-best-yet-article/

TQ July 17
arch0708.goldtent.net/2008/07/17/ferret-just-wanted-you-to-know-that-i-appreciate-your-posts/

TQ July 27
arch0708.goldtent.net/2008/07/21/sabregold-1516-pm-on-july-21-2008/

Saville
arch0708.goldtent.net/2008/10/07/so-many-opinionsso-little-timesaville/

Szabo The Fed Is bankrupt….Hyperinflation
www.kitco.com/ind/Szabo/oct082008.html

Another 2001
arch0708.goldtent.net/2008/10/08/wisdom-from-2001/

Redneckokie
arch0708.goldtent.net/2008/10/25/soee-dusty/

TQ…Great Deflationary Spiral
www.generationaldynamics.com/cgi-bin/D.PL?xct=gd.e081027

Mladjenoic
arch0708.goldtent.net/2008/11/27/from

A Time to Sell–A rate cut should give us the opportunity to unload all but the safest names and raise cash
8:55 PM EDT–
If you haven’t sold some stuff and are worried that you haven’t, you should not let the down futures market stop you from selling something. I have spent the whole weekend working on what can go right in this market and if we get it (a rate cut), the response should be to sell a lot. If we don’t get it, you have to sell some anyway and be as defensive as you can be.

It is imperative that we have substantial worldwide rate cuts beginning tomorrow morning to stabilize things. I am presuming we will get them, but they will produce nothing more than a great opportunity to sell or a better one than we deserve. Without cuts, though, selling must be done too. Even into the vortex.

High-yielding stocks, stocks selling near their cash and recession-proof stocks of the Procter & Gamble (PG) ilk (and I know they can have earnings weakness, too, but it is irrelevant) can be held. But industrial exposure of any sort that does not fit the yield/cash prism can’t be held. It has to be liquidated into strength if possible, until you have raised enough money to ride out what could be a prolonged decline.

There’s no two ways around it. While I believe the Troubled Asset Recovery Program has taken the Great Depression Two off the table for now, I just don’t see how we are not going to be rocked by the astounding lack of confidence and fear that faces everyday Americans and, for that matter, consumers around the world.

Is this a “sell everything piece”? I only ask it like that because I said that high-yielding stocks, stocks selling near cash and recession-proof stocks can be held, but a very large cash position is now a necessity, and should be by far the largest holding in your portfolio. If you don’t want to own the kind of stock I just mentioned, then you shouldn’t be in any stocks.

It is that rough out there right now. Our goal is to get through this. There’s no other course. I am not saying anything different from what I said all last week. I am just trying to make it very clear that this market is going lower and it is only taking a handful of prisoners. When it gets lower we can re-examine it for some buys. But cash is the best asset here.

I am not allowed to short. Obviously what I am saying is that having a sizable short position would be a darned good thing at this moment, and that’s not going to change any time soon, except when we get so oversold that we get a killer squeeze where you can start selling all over again.

At the time of publication, Cramer was long PG.

…O k…but I know you are a big silver holder…and at a Great Price too….but look what they are doing to the Comex price…maybe it will go to Zero….and you will buy it for 100 bucks and ounce in the real world ?

AFTER ME!!!

Same as usual, really.

If you think that was it, you ain’t seen nothing yet!

Vote Vote Vote

…and ..would somebody go ove to tent post 13 and wake up those 3 guys who voted what sh!t…what fan ?

EOM

the scenario you described was oklahoma ala 1980’s. if oil and gas and farm products get cheap enough, i’ll see it again.

rno

….remember what we were doing last year around this time ?

in London, England, as mentioned on jsmineset in a posting dated about 1:00 pm today.  I am not aware of any such line-ups in Canada, but a week ago Saturday Michael Levy, who runs www.bordergold.com said he could not remember ever having so much public interest in buying gold from his precious metals outlet in White Rock, British Columbia.  (I assume he was not making a comparison with public buying in late 1979/early 1980). He never mentioned current line-ups but he noted the unusually brisk  public buying of gold now.   Best wishes.  Equiz.

It was when I read this back in 2003, that I said the Fed was now on our side and to be comfortable with your gold investments. I see that little has changed except some of the big boys have pushed the price down to get the gold from weak hands. Did anyone really think that many would be able to ride this gold bull to the top? Very very few were able to back in late 70s and 1980. The reason is that greed overcomes common sense and proper money management in a volitile gold market. Jessie Livermore learned this years ago and explained it clearly. Deadeye