Oldtent Archives 2007 - 2008

Your apology for the original post  shows real character.. thank you..

I’ve been “fascinated” with the Carlyle group aka the ex-presidents club for the past few years..From what I’ve learned about them , your assessment  dovetails with mine , the only difference being the actual reason they want to short the shares into oblivion and corner gold production.. I don’t believe they will suppress the price of gold for decades to come as you stated..   They know full well that ALL fiat currencies fail in the end and with the USD in it’s final twilight JS’s scenario that the US currency will need to be anchored to gold  in the future  seem plausible to me considering these same entities have  most of their wealth  denominated in USD..What the final price that gold needs to be is anyone’s guess…For me, the 6 quadrillion dollar question is how this all  will come about but rest assured it will be a win/win for the creeps in the iron triangle..

Somebody doesn’t want you to read my books
-> Posted by PMtrader @ 19:35 pm on November 7, 2008

I just found out that hundreds of credit card purchases were denied for no good reason. I will let you know when things are resolved!!!

PM

Roth IRA
-> Posted by aurum @ 21:22 pm on November 7, 2008

is not taxable even on gains if drawn out at eligible times.
From Wikipedia:

“Differences from a traditional IRA

In contrast to a traditional IRA, contributions to a Roth IRA are not tax-deductible.
Withdrawals are generally tax-free, but not always and not without certain stipulations
(i.e. tax free when the account has been opened for at least 5 years for principal withdrawals and the owner’s age is at least 59 ½ for withdrawals on the growth portion above principal.)

An advantage of the Roth IRA over a traditional IRA is that there are fewer withdrawal restrictions and requirements. Transactions inside the Roth IRA account (including capital gains, dividends, and interest) do not incur a current tax liability.”

aurum

——————————————————————————————
Some of my friends did open ROTHS……
..and then uncovered/discovered/didn’t realize/were mislead? (whoda thunkit?)
the 5 yr waiting period.

They’re still waiting.

Thats what he gets for trying to rope poor little Bambi who thought he was his friend.

I picked it up off Goldies.

And thought it wouldn’t fit here.
So Bill e-mailed me & said
DUE-IT.

Personally……………never have tried to rope a deer, or calf. Leave that for the youngsters.

One thing (perhaps because the setup is different here), have not figured posting pixes, and colorized posts.

Nevertheless…………. it’s a true PAIN to scroll back to stuff.
Ya want to look back 2 weeks, or whatever?

Really have enjoyed Venison, whenever someone can get us some. And it’s good.

By request……….here tis again………..

My favorite Deer Roping outing………….

Actual Letter from Irish, Farmboy and other who can write funny, and farm.
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I had this idea that I was going to rope a deer, put it in a stall, feed it up on corn for a couple of weeks, then kill it and eat it.

The first step in this adventure was getting a deer.
I figured that, since they congregate at my cattle feeder and do not seem to have much fear of me when we are there (a bold one will sometimes come right up and sniff at the bags of feed while I am in the back of the truck not 4 feet away), it should not be difficult to rope one, get up to it and toss a bag over its head (to calm it down) then hog tie it and transport it home.

I filled the cattle feeder then hid down at the end with my rope.

The cattle, having seen the roping thing before, stayed well back.
They were not having any of it.

After about 20 minutes, my deer showed up — 3 of them. I picked out a likely looking one, stepped out from the end of the feeder, and threw my rope. The deer just stood there and stared at me.

I wrapped the rope around my waist and twisted the end so I would have a good hold. The deer still just stood and stared at me, but you could tell it was mildly concerned about the whole rope situation.

I took a step towards it…it took a step away. I put a little tension on the rope and then received an education.

The first thing that I learned is that, while a deer may just stand there looking at you funny while you rope it, they are spurred to action when you start pulling on that rope.

That deer EXPLODED.

The second thing I learned is that pound for pound, a deer is a LOT stronger than a cow or a colt.
A cow or a colt in that weight range I could fight down with a rope and with some dignity.

A deer– no chance.

That thing ran and bucked and twisted and pulled. There was no controlling it and certainly no getting close to it. As it jerked me off my feet and started dragging me across the ground, it occurred to me that having a deer on a rope was not nearly as good an idea as I had originally imagined.

The only upside is that they do not have as much stamina as many other animals.

A brief 10 minutes later, it was tired and not nearly as quick to jerk me off my feet and drag me when I managed to get up. It took me a few minutes to realize this, since I was mostly blinded by the blood flowing out of the big gash in my head. At that point, I had lost my taste for corn-fed venison. I just wanted to get that devil creature off the end of that rope.

I figured if I just let it go with the rope hanging around its neck, it would likely die a slow and painfully somewhere.

At the time, there was no love at all between me and that deer. At that moment, I hated the thing, and I would venture a guess that the feeling was mutual.

Despite the gash in my head and the several large knots where I had cleverly arrested the deer’s momentum by bracing my head against various large rocks as it dragged me across the ground, I could still think clearly enough to recognize that there was a small chance that I shared some tiny amount of responsibility for the situation we were in, so I didn’t want the deer to have to suffer a slow death, so I managed to get it lined back up in between my truck and the feeder - a little trap I had set before hand…kind of like a squeeze chute.

I got it to back in there and I started moving up so I could get my rope back.

Did you know that deer bite?

They do! I never in a million years would have thought that a deer would bite somebody, so I was very surprised when I reached up there to grab that rope and the deer grabbed hold of my wrist.

Now, when a deer bites you, it is not like being bit by a horse where they just bite you and then let go. A deer bites you and shakes its head –almost like a pit bull. They bite HARD and it hurts.

The proper thing to do when a deer bites you is probably to freeze and draw back slowly.

I tried screaming and shaking instead. My method was ineffective.

It seems like the deer was biting and shaking for several minutes, but it was likely only several seconds.

I, being smarter than a deer (though you may be questioning that claim by now) tricked it. While I kept it busy tearing the bejesus out of my right arm, I reached up with my left hand and pulled that rope loose. That was when I got my final lesson in deer behavior for the day.

Deer will strike at you with their front feet. They rear right up on their back feet and strike righ t about head and shoulder level, and their hooves are surprisingly sharp.

I learned a long time ago that, when an animal — like a horse –strikes at you with their hooves and you can’t get away easily, the best thing to do is try to make a loud noise and make an aggressive move towards the animal. This will usually cause them to back down a bit so you can escape.

This was not a horse. This was a deer, so obviously, such trickery would not work. In the course of a millisecond, I devised a different strategy. I screamed like a woman and tried to turn and run.

The reason I had always been told NOT to try to turn and run from a horse that paws at you is that there is a good chance that it will hit you in the back of the head. Deer may not be so different from horses after all, besides being twice as strong and 3 times as evil, because the second I turned to run, it hit me right in the back of the head and knocked me down.

Now, when a deer paws at you and knocks you down, it does not immediately leave. I suspect it does not recognize that the danger has passed. What they do instead is paw your back and jump up and down on you while you are laying there crying like a little girl and covering your head.

I finally managed to crawl under the truck and the deer went away.

So now I know why when people go deer hunting they bring —–

—-a rifle with a scope so that they can be somewhat equal to the Prey.

Ken Sweet

FOXBusiness

.

Wall Street got an especially grim jobs report on Friday, which told a tale of a quickly-deteriorating labor market and an economy that seems to be falling quickly into a deep recession.

The U.S. Labor Department said Friday that the nation lost 240,000 jobs in October, worse than what Wall Street economists were expecting. It brings the nation’s unemployment rate up 0.4 percentage point to 6.5% — the highest the nation’s unemployment rate has been since March 1994. 

The Labor Department revised the job losses in August and September up significantly — adding an additional loss of 179,000 jobs in those two months. In all, the U.S. economy has now lost 1.2 million jobs in the first 10 months of 2008. 

Economists had expected a report which would show a decline 200,000 jobs and an unemployment rate of 6.3%. The nation’s unemployment rate was 5% as recently as April.

“This clearly shows we’re now in the worst part of this recession,” said John Silvia, chief U.S. economist for Wachovia. “There’s real weakness in this economy.”

Hum, don’t think were in the worst part yet.I think some of the guestimates of 10% unemployment will be too low, planned lay-off of other jobs like Merivins, ect and cut backs have not even happened yet.

charts while continuing to hold.  And you indicated that such resolve is OK if losing one’s net worth is acceptable.

Losing one’s net worth was not my goal when I made the decision to buy into some junior uranium stocks.  But now that such a decision has resulted in me losing much of my net worth in those particular holdings, watching the charts of junior uranium stocks is not going to help me one iota with this loss that these holdings have given us.  I stand by my original decision that for fundamental reasons uranium stocks are going to have their day in the sun someday, and that conviction is not influenced by current chart patterns.  My stubborn attitude on this point also applies to some of the junior PM stocks we hold (currently at a great loss to our net worth), a topic mentioned in your Nov. 4, 19:58 posting to me.

My opinion here demonstrates that there are obviously different strokes for different folks.  Thank you for your response at 19:58, Nov. 4,  as well as your reponse of today referenced in the heading above.

Cheers, and wishing you a pleasant weekend.  Equiz.

the North American automobile manufacturers are now said to be in.  My dream is that they will come to reality about what the North American market will be.  Presumably sometime in the years ahead  more fuel efficient vehicles will be one criterion to help car buyers  decide to buy a North American vehicle. 

 But just as important, I predict that car buyers will someday say that we do not need a choice of 10-15 models to choose from, nor three different manufacturers to choose from - for a total 30 to 45 differnt models/makes to choose from.  At one extreme was the great success of the uni-model era of the Model T and the Model A of Ford’s early history.  Surely there must be some happy medium in the continuum beginning with the original accomplishment of  Ford’s ‘one model for all North Americans’ approach versus today’s unsustainable luxury of  untold variations in models.  It strikes me that it would be a useful goal, if it meant survival of the North American auto industry,  to do some cost cutting that focussed on just a few essential models.

But of course we are reminded that one in ten jobs in North America are directly or indirectly dependent upon the auto industry.  I wonder what decision-makers would say if they had to choose between no workers anymore in the North American auto industry (when Chrysler, Ford and G.M. all disappear from the scene) versus scaled-down production of a few essential models that in total give employment to, let us say,  one in twenty or one in forty workers in North America , instead of one in ten?   Equiz.  p.s. I drive a  2002 Chrysler Neon, basic model, fully paid for.

You beat me to the punch.  A similar pun occurred to me as I pulled up in front of the house this eve.  But I was going to wait until he did something heinous before voicing it…

I have never read anything which states why ” the Gann Square of 9 ” is named “the Gann Square of Nine” .. so I speculate ..to the extent that such Square of Side Length 3 ( ie: the first square that surrounds ONE ) defines all subsequent Squares ..

>>>>

http://xmlworks.com/gann/javascript/

Start Number = 1

Start Date = 01/01/00

Levels = 23

>>>>

a) xs233.xs.to/xs233/08455/gann_sq_9_1_a_7nov08_745.jpg

b) xs233.xs.to/xs233/08455/gann_sq_9_1_b_7nov08_452.jpg

If I knew how to post a LIVE Spread Sheet File then I would have ..

Is it possible to post such LIVE Spread Sheets at The Tent ?

2_p

The other day I outlined the probabilities of gold going forward on the ten minute charts and the hourly chart. I have discussed the daily and weekly as well. At this point I think that the price of gold will touch the 200 week moving average, currently near 653.

Earlier Equisetum posted about holding the smaller uraniums, and ignoring the charts. Well, OK, if losing net worth is the goal. But who held dml.to from around 15 to its currently near 1.40? Ignoring charts can be hazardous to one’s financial health, and can be very stressful too. It put in a rounding top over a year ago. It then rallied but failed to hold above the 50 week moving average. It gave an Abandoned Baby/shooting star doji as the top there. The signals were big and clear. I did not see questions about this at the time. Did no one hold this? Or was this just another sure thing that had to go up? So no need to think, to do factor analysis, or any analysis.

I won’t mention the poster who once was in the millionaire’s club, but is now down 70%. But a permabull. I don’t see why some don’t put half their savings into cash instead of all of it into stocks and physical. The money management rules are clear. And they have been ignored by some to their ruin.

is not taxable even on gains if drawn out at eligible times. From Wikipedia:

“Differences from a traditional IRA

In contrast to a traditional IRA, contributions to a Roth IRA are not tax-deductible. Withdrawals are generally tax-free, but not always and not without certain stipulations (i.e. tax free when the account has been opened for at least 5 years for principal withdrawals and the owner’s age is at least 59 ½ for withdrawals on the growth portion above principal.) An advantage of the Roth IRA over a traditional IRA is that there are fewer withdrawal restrictions and requirements. Transactions inside the Roth IRA account (including capital gains, dividends, and interest) do not incur a current tax liability.”

aurum

I’ve bought bullion from Scotiabank Plaza, King Street Toronto. It’s quite a feeling receiving your order from that amazing vault and walking out of there with the heavy goods in hand. In fact my very first gold bar was purchased there for $425 / oz. That’s when I got on the plan, and not long after attended Tottsville III.

I wondered what I was getting into when your brother the cabbie was driving us out to Tottenham from the Park Plaza with no luggage and wide eyes…..and he asked me “are you into that crazy gold shit too”. Love it, cherish it, thank you for it!!

Winedoc Junior’s first gold purchase, was a 1/10 oz gold maple this summer, you said its not much to hold, but he has small hands.

All the best

Winedoc

those crazy pictures for a reason

http://coloradoindependent.com/13321/elite-combat-brigade-for-homeland-security-missions-raises-ire-of-aclu