Oldtent Archives 2007 - 2008

That was a great post. You hit the nail on the head. I just went and looked at an old portfolio I had rode during the 2003 and 2006 bull market runs. The 2003 ride was a 4 bagger and the 2006 run was a 5 bagger for me. When I just reviewed the weekly look of those 17 juniors, I was in total awe of what was taking place. I have been focused elsewhere in the markets and not paying real close attention to the little juniors. I could not believe what I was seeing and the total carnage that was taking place. There is something big going on that we don’t quite understand at this moment but the TA has been telling us since the spring that something was amiss. We will know in hindsight what happened to them but by then it will be to late to do anything about it.To ride these stocks down makes absolutely no sense to me other than what your post described about casinos, “gamblers ruin”. If these little juniors were just another stock in the regular stock market would one still ride them all the way down or would one sell somewhere along the way and get out? What is taking place right now in the little juniors is more than just a correction, it is total annihilation of a mining sector and there is strong evidence that the big caps might not be too far behing the little guys IMHO.  I really do feel bad for those that are trying to ride this thing out but there comes a point of common sense that says enough is enough, I don’t understand what is happening, and I must protect what I have no matter if I’m right or wrong.
Again, a great post Sinbad…Rambus

don’t forget mahandra in the equation .. he was reading the stars .. lol

Your msg really hit home.  I also am a firm believer of the pm fundamental story.  Like you I was tempted by what seemed really bargain basement prices on some/many of my

favorite pm stocks.  I figured all the risk had been wrung out

and the action was all to the upside.  Guess I learned a hard lesson.  Rambus is the only one who proved he can correctly read a chart.  And i also agree that to bet everything on one small sector can be dangerous.  I wish rambus would give us more

of his expertise now.  We surely need him. 

Regards.  Good luck to you and all the PM bulls here.

howdy the golden one from montana

well so many have been slapping themselves senseless for calling the market we must not forget to throw a crumb to mahandra,,, he being going right now on dollar.. lol and if the listeners and followers of all things related to stars and charts , ‘Mr.Walrus!’ Said the carpenter, ‘My brain begins to perk!’

‘We’ll sweep this clear in half a year, if you don’t mind the work!’

‘Work!? The time has come, ‘ The Walrus said, ‘To talk of other things!’

‘Of shoes, and ships, and ceiling wax, and cabbages and kings,’

‘And why the sea is BOILING hot, and weather pigs have wings!’

no just a post…

  Aggie - I sincerely hope you’re right about that. Betting on a Comex default is probably like betting a 100-1 longshot at the races. We are in a world where JP Morgan pulls the strings and right now with the full backing of the US Govt. they are running as many goldbugs out of town as they can. It is apparent that they are being forgiven any losses on derivatives by their counterparties.

  So, while I’d love to see a default, I think it is unlikely.

Equisteum - I doubt it will be the last assault, but I do think it is the biggest yet. if we are lucky it is being done in advance of either a big run or a currency event which might take place.

  I don’t buy into the whole election thing. This is an overshoot for that IMO. To think that this is hedgefund redemptions doesn’t make sense either. In a market this size, that should have been over with last month.

  Anyhoo, thanks for both of your responses. I hope someday we will be able to play on a free and fair playing field without the threat of being bankrupted by criminal government intervention.

Thanks for the comments on that chart, it was just a simple sanity check. I wasn’t trying very hard to make a point in terms of are we in a bull market etc.

I tend to eye-up things doing a bunch of gross sanity checks and measures from time to time. Sometimes I stumble on interesting coincidences and this was one of them, I shared it as I doubted very much whether anyone was thinking about ‘where we are’ in terms of monthly charts like that one.

Anyway, it is always nice to see comments and thoughts like yours. In reading the tent today I realized I had missed out on much of the recent conversation, and in some ways I am glad I did. From my read today, I am sure you are spot on that almost no one would think to buy today or that this is a bottom. That this is the prevailing mood at the moment is without question.

Best wishes
Scarab

thanks to everyone for their concern and prayers…it is appreciated…things are coming along slowly…

Moggy, you are an angel!

For everyone tonight…..It’s always darkest before the dawn…

www.youtube.com/watch?v=-RL8ZcmLEB4&feature=related

I’m convinced mutual fund managers have marching orders not to hold the gold stocks in a falling market, even if gold itself is rising.>

I’ll throw proof out there for public consumption.

The crooks are lazy and occasionally make mistakes. They gave themselves away on this little scheme last year.

Remember that day when the market was tanking but the actual Dow average (the mathematical average of the 30 stocks) was well below the posted Dow average that everyone sees on CNBC everyday?

Then a backup computer kicked in around 3pm, and the CNBC posted Dow average dropped from 250 down to 500 or so down in an instant.

This just reflected Dow reality and should have had zero impact on GG right?

Nope. GG dropped at the exact time an exact percentage of the Dow drop because many computers had GG linked to the Dow average that was posted, not the mathematical computation of the Dow average

(I’m sure we will not see this mistake again).

It probably was one of Alan Greenspans gold control computer programs.

I am predicting a historic bull market for the DOW, and this will start any time, and the question is what gold

www.mahendraprophecy.com/LatestFlash.asp?Id=415&Page=1

Someone correct me if I am way off here but …..I have looked at a bunch of stocks here and at these prices we were at an hui of 165 or lower[I know the configuration has been changed ] hmmmmmmm

Ahhhh but there is something to the right of right…..Owners Equity ….the old hiding place of the cabal

Fullgoldcrown my name is Jon Kaplan and I will bet you that I will be buying the HUI at 100 soon…I owe it to my followers to state my case strongly …….BANG! wow that was close who shot at me!!!!!!!!!

There are two sides of a Balance Sheet, Left & Right (Assets and Liabilities respectively): On the Right side there is nothing right and on the Left side there is nothing left.”

There is a term used by casinos, “gambler’s ruin”, which means placing all betting caiptal on one trend or one system, ignoring reality of system breakdown if it occurs. It becomes an obsession to win it back at all costs. Soon all reason is cast aside. Eventually all is lost and the gambler ruined. I know next to nothing about charting and technicals, which is why I heeded the advice of those like Rambus, TQ, and others far more intelligent and market skilled than I and got out of these markets for the most part several months ago. But, I am tempted at the low levels of some of these miners. GG, AUY, MFN surely got my blood boiling today at really “bargain prices”. I fight to resist the temptation because I have seen the pain and devastation experienced by some others here and I suffered some of myself before I gave in. I mean no disrespect to those that hang on through all this insanity, but it appears to me that to buy into a company in the current environment simply because it looks like a bargain and may be “cheap” is a very dangerous strategy. How many times does it take being whacked over the head to realize it might be time to move out of the way? Who can say that purchase cannot go lower? I fear losing 50% or more chasing an illusion that will take a 100% gain to recover from more than I fear missing that any-day-now pm rally to the moon.

ALL markets are manipulated, the big market movers and shakers are in control until they are not, and I choose to sit on the sidelines with cash until markets return to some semblance of reality and stability…if ever. My physical might be worth less going forward, but worth less against what? What is the value of these pieces of paper and digits issued by the bankers? There will be bargains aplenty down the road-but to rely on one tiny market sector for one’s financial security has always seemed to be a dangerous gamble. With all the forces influencing, manipulating, and driving markets up and down as much as a 1000 points a day, it is no place for a novice like me. I only hope patience will be rewarded.

Keep those charts and TA coming guys, I do appreciate them…good, bad and ugly.