there’ll be homebrew on my tent too!  Washes off easily, though.

עכשיו יש עברית באוהל הזהב

Now there’s also Hebrew on the Tent.

Cheers to all and keep your crash helmets handy (a little nitrous can be helpful, too) 

We will survive!

My Polish is quite rusty. IMO, they are saying that a financial crisis will lead to martial law and as a result block the elections. It goes on to say that this is only talk but its going around on the Internet. They also said the the war stance favors the Repubs. My Polish, unfortunately is from my childhood and I never encountered most of the words. This translation is skimpy at best.

 http://www.voy.com/64855/

Hmmm…”Miners getting $17 plus from the refiners”

 Rok-n-Dan Caldwell’s update — Bizarro_Greenspan, 20:24:29 10/11/08 Sat

“10/09/08 Market thoughts: 15 of 16 Bullish Percents (BP’s - Market Summary) are below 20, an oversold level that usually generates a ’snapback’ rally. Probably from now through elections. Credit markets are still tight, with rising LIBOR spreads because confidence by global investors in the Financial system has been destroyed, and until some confidence is restored CASH is king. Central Bank rate cuts may start to unfreeze the credit markets but it will take some time. Bonds will tell us when it’s time to get back into stocks. When you see rising rates (bond selling) then money will soon be flowing back into the stock market. Gold is disconnecting from copper, oil, etc. and holding its ground, up 20% from S&P high one year ago. Gold is breaking out against the Euro, Rupee, British Lb, JYen, etc. and this is fueling global demand, in spite of dollar strength. News from around the globe is that the physical gold and silver market is tight as a drum - there is no supply, with runs on bullion dealers in London, Tokoyo, India, etc. Mines are getting +$17/oz. for silver from refiners in spite of COMEX pricing, their energy costs are dropping, so earning will probably be higher than expected. “

…….a first…….Polish on Goldtent….!

…when you get back to the tent……………READ this FIRST

……the best anaysis on your favorite Index yet !

…..HAMILTON on the VIX……….

……He says BUY with both hands……….what a brave soul !

www.zealllc.com/2008/vxospx2.htm

Below is a piece out of Europe according to next of kin that basically says that the US is going to invoke marshall to help deal with the global financial crisis. The other kicker is that that the elections are going tobe postponed until a later date.

Stan wojenny w USA, wyborów nie będzie?

BUKMACHERZY JUŻ PRZYJMUJĄ ZAKŁADY

Fot. EPAWyborów nie bedzie

4 listopada wyborów w USA nie będzie. Administracja prezydenta George’a W. Busha, pod pretekstem kryzysu finansowego, wprowadzi stan wojenny i przesunie głosowanie na później. Spokojnie - to tylko plotka, ale żywiołowa dyskusja na ten temat przetacza się przez blogi i internetowe fora - informuje portal “Rzeczpospolitej”.

Jak podkreśla serwis “Rzeczpospolitej”, internetowa pogłoska ma wymiar spiskowy. Według niej, wcale nie chodzi o kryzys finansowy; stan wojenny ma pozwolić republikanom - przegrywającym w sondażach - zablokować demokratycznemu kandydatowi Barackowi Obamie drogę do Białego Domu.

“Tajna” dyrektywa

Zabawa czy Hitlerjugend - kampania w internecie

Maszerują w wojskowym rytmie i skandują hasła chwalące Baracka Obamę - w… czytaj więcej »

Zwolennicy teorii zwracają uwagę na pochodzącą z maja 2007 roku Prezydencką Dyrektywę nr 51, zakładającą prowadzenie polityki “ciągłości rządów” w przypadku stanu zagrożenia dla kraju. Stan zagrożenia definiowany jest jako “każde wydarzenie, (…) które prowadzi do nadzwyczajnego poziomu ofiar, zniszczenia lub zamętu, poważnie wypływających na populację, infrastrukturę, środowisko naturalne, gospodarkę lub funkcjonowanie rządu Stanów Zjednoczonych”.

Jak tłumaczy cytowany przez “Boston Globe” rzecznik Białego Domu Scott Stanzel, dyrektywa powstała, by zastąpić stare memorandum w sprawie zagrożenia, pochodzące jeszcze z czasów Zimnej Wojny i “niepasujące do świata po 11 września”. Nie przekonuje to internautów wyrażających swoje opinie na licznych stronach internetowych.

Trumny już czekają?

  W takich trumnach - zdaniem wyznawców teorii spiskowej - mają być spalane ofiary zamieszek (fot. youtube.com)

Prezydencką dyrektywę, dostępną oficjalnie na stronie Białego Domu, wyznawcy teorii spiskowej nazywają “sekretną” i wieszczą rychłe wprowadzenie stanu wojennego, a nawet sugerują, że po kryjomu już to uczyniono. Według jednej z krążących plotek, Federalna Agencja Zarządzania Kryzysowego (FEMA) zgromadziła kilkadziesiąt tysięcy (a może i miliony?) plastikowych trumien, wobec spodziewanych powszechnych zamieszek - pisze serwis “Rzeczpospolitej”.

W internecie można też znaleźć zapowiedzi “nowego holocaustu”, który ma zostać przeprowadzony przez FEMA w obozach koncentracyjnych. Ofiarami mają paść przeciwnicy republikańskiej administracji. Na wypadek wprowadzenia stanu wojennego tworzone są również specjalne poradniki, instruujące jak się do niego przygotować i zapasy jakich produktów wcześniej zrobić.

Bukmacherzy już przyjmują zakłady

Największa irlandzka firma bukmacherska Paddy Power przyjmuje zakłady 20:1, że wybory w USA będą przełożone na rok 2009 lub nawet później. Jeszcze niedawno była gotowa płacić 40:1.

What is turks gold money, or is that a kind of joke? Wow got home to find a email that their selling coins of Obama and McCain and their vice pres. canadates too. I wonder how long theyll last before deemed illegal too.

just saw your post about longhorns. we got plenty around here as well as quite a few buffalo. i think irish needs to put a buffalo in the chute. might get interesting.

rno

Hello and Hi Bill,
Can’t get hold of our mutual friend James Turk, though quite a lot of people I’ve been recommending his services are now coming back in a big way and as I’m at a loss to answer specific questions like - how, where and specifically at what pricing issues does goldmoney acquire its physical in these troubled times?

Maybe, you could get in touch and have James be specific for his growing clientele on this matter on either Midas or his own website.
Florian

From James T…

Hi Bill
We are having record months in GoldMoney. Because of the shortages in coins and small bars, buyers are increasingly turning to us to buy metal, and we’re now storing for our customers over $400 million of gold and silver that they own.

We buy gold and silver in the London and Zurich markets, and we are daily replenishing this inventory, which we resell to our customers. All bars we purchase meet the standards of the LBMA. There is no minimum or maximum transaction for our customers.

By buying gold and silver in the London and Zurich markets, we are giving retail investors the opportunity to buy alongside big institutional firms operating in these markets, and gain the advantages of these markets — deep liquidity, transparent pricing, and the LBMA is the highest standard of quality/integrity. All transactions in GoldMoney are for physical metal (i.e., no ‘paper’ gold or ‘paper’ silver). Regular audits of the metal confirm that the weight of gold/silver in the vaults is exactly equal to the quantity of gold/silver recorded in each customer’s account, and these audits are available to our customers upon request.

So far the London and Zurich markets continue to operate without problems, but I sense some strains are developing. For example, we have had difficulty in locating in London ‘bonded’ silver bars (those without the UK’s Value Added Tax). We have therefore had to change our London pricing to encourage our customers to buy silver in Zurich instead, where our mark-up over spot remains unchanged.

Importantly, the spot price in London and Zurich for both gold and silver remains consistent with the spot price of Comex. There is no backwardation yet. I say “yet” purposefully. I am watching this relationship carefully because the big spike in gold lending rates in recent days suggests backwardation could occur at any time.

Though I have always considered backwardation in gold and silver a theoretical possibility, I never thought it would happen in practice. Backwardation would mean that conditions are so stressed that buyers would be willing to pay more for metal at the spot price than a future price. It would mean, among other things, that the future markets will have become discredited, and buyers want the “real thing” and not someone’s promise — as the old saying goes,”a bird in hand is worth two in the bush”, which is becoming an increasingly important strategy to avoid counterparty risk.

I suppose one could reasonably argue that a backwardation of sorts is already occurring. The shortage of fabricated product has led to extraordinarily high premiums for coins and small bars. These high premiums for coins and small bars indicate that the spot price for the precious metals should be much higher.

The gold cartel can allow the shortage of fabricated product to happen and just simply make up excuses for it. Right now there is no doubt in my mind that they are instructing the US Mint and other mints to blame the shortages on high demand. But the gold cartel cannot make excuses if shortages were to appear in the LBMA market. If they did, the game would be over, just like what happened in March 1968.

To keep the price low back then, central banks were supplying metal in the London and Zurich markets. When they stopped supplying metal that month, the result was the 2-tiered gold price. The so-called “official price” (which is another way of saying the “gold cartel price”) remained at $35, while the free-market price traded above that level because everyone recognized that thirty-five dollars were worth less than one ounce of gold. The same thing is happening today, in that nine-hundred dollars are not worth one ounce of gold. So we are probably close to the point (probably just weeks away) when the gold cartel stops supplying metal in London and Zurich at these low prices. The question is, what comes next?

It is of course impossible to predict what the gold cartel has up its sleeve, but I sense a big announcement by governments is coming soon. It is reasonable to expect an outcome like March 1968, in which case, the free-market price of gold will soar.

Here’s the important part for GoldMoney customers. They are purchasing metal based on the spot price in London and Zurich for both gold and silver. They are thus able to buy metal without the huge premiums now being charged on eBay, for example, for fabricated product like coins and small bars. Using my Fear Index and other valuation models, I would argue that buying gold in London and Zurich today is like buying it back in February 1968 when it was still $35 and before the collapse of the London gold pool the following month.

There has been no change in my strategy, which I have been stating for years. I continue to recommend the ongoing accumulation of the precious metals. They remain undervalued.

I believe that there was an important change in sentiment this past week. Up until now, gold was being liquidated along with most everything else. Gold is now rising (despite the gold cartel’s best efforts to keep it capped) while most everything else is still being liquidated as the de-leveraging digs deeper. The fact that gold is now rising indicates that people who have managed to get liquid in recent weeks are now focusing on safety for their money. Consequently, they are buying gold, and I expect this trend to continue.

Lastly, gold again probed overhead resistance today at the $920 level, but the gold cartel is obviously ‘circling the wagons’ at that level. Plus, as I write, we are getting the usual late Friday ‘bombing’ in the paper markets. It reminds me of what happened at $325, $340, $430, $500, and $700. Of course all those levels were eventually taken out, and I expect $920 to be exceeded too. It may not happen today, or even this month. But I’m sticking with my same year-end forecast of $1100-$1200 for gold, which looks reasonable to me given the rush out of financial assets and the search for a safe haven. Gold is of course the safest haven of them all. Silver is more volatile, but it’s safe too for the same reason - physical gold and silver do not have counterparty risk.
Regards
James
www.goldmoney.com

terrorist.pdf

That looks right comfy! 

Bill,
Today I put up 400 Au eagles in trade only for 30 1000oz Ag comex bars, to CNI and Tulving in so-Cal, but, rejected that, and CNI came back with an extra $6K to sweeten the deal, and Tulving came back with an extra $20K to sweeten the deal. In other words they would not accept my offer, (apparently too low) and COUNTER-OFFERED more!!! Can you believe that???? WOW!! That translates into a 80:1 Au/Ag ratio for gold eagles to Ag comex Ag bars. This indicates to me that eagles are in deed very very tight, (both of them are OUT OF STOCK in gold eagles), and that the dealers are more than willing to pay up even more for them, than the posted prices, just like the buyers, that must include both the big and little guys, indicating, the bullion run is on at last, in buying PANIC mode. Eagles premium are going much higher!! This is absolutely wild, with the buyers in panic mode, and sellers can not even dictate prices without the dealers bidding prices up even more than THEIR POSTED prices.
PANIC it is!!
Derrick

Moggy