Oldtent Archives 2007 - 2008

they only “squeeze” COMEX got on me was a squeeze of my family jewels in my shorts. That was ugly and painful.

What about the possible connection to Alzheimer’s and Mad Cow Disease? Mad Cow in Humans resembles Alzheimer’s. Is it possible that with all the years of “great oversight” by the renowned FDA, that we’ve been introducing Mad Cow Disease into the populace. Not my area of expertise but is it possible that Alzheimer’s is just another form or actually is the end stage of Mad Cow Disease? If my memory serves me well, the discussion of “prions” deposited into the soil by contaminated animals can spread this disease to other animals. Lots of scary stuff written up about this going back two to three years ago.

Yep bills don’t deflate just the value of what your paying for. But concentrating on buying  stocks now. The big players  will be taking on the Comex.

First from Dave in Denver…

this is priceless

can’t make this up: Zimbabwe commends the U.S. and UK for their monetary policies:

www.nakedcapitalism.com/2008/11/blog-post.html

This mean we’re going to get Zimbabwe-esque hyper price inflation? I’d bet on it.

That post on nutrition just goes to show you not all is definitive. Ive known people to get alzheimers who are quite healthy although not for sure near the end as they aged if they were able to cook meals like they did before. But fast food does have a lot of empty calories meaning little to no nutritional value just mostly sugar salt and fats. This may be compared to other studys that have shown other possibilities like aluminum.

Yep, dry powder is tough to come by these days…….

If zero is better than 1%, than a minus 1% or minus 2% MUST EVEN BE EVEN BETTER !! I’m holding out for that!!

  Been having sinus/allergy problems for awhile, started taking allimax and colloidal silver a few days ago - heard that stuff is supposed to help.

  Anything else that you could recommend?

J.P. Morgan sees Fed cutting rates to zero in Jan

NEW YORK, Dec 1 (Reuters) - The Federal Reserve will lower its policy rate to zero percent by January in its attempt to avert a prolonged recession and to revive the struggling credit market, according to J.P. Morgan Securities analysts.

The Fed will likely hold its target rate on benchmark federal funds — the overnight cost banks charge each other to borrow surplus reserves — at zero at least through the end of 2009, J.P. Morgan analysts wrote in a research note published on Monday.

The Fed’s fed fund target rate is currently 1.00 percent. The U.S. central bank began its rate-cutting campaign in September 2007 when the fed funds target was at 5.25 percent.

Those of you wishing to secure some more physical gold from the Comex warehouses so that you may deprive the shorts of their only line of defense, just received a discount of nearly $5,000 on your purchase price for 100 ounces complements of that same crowd. Each time one of these bear raids occurs and the weak longs rush out of the exits, those who want the real metal can easily step in and lock in a better purchase price for the physical. The more metal that flows out of the warehouses the more the shorts are being set up for a religious experience. The key is not to let up the pressure from the physical side of things. It bears repeating - the paper shorts have NO DEFENSE against determined longs who are taking possession of the actual metal at an increasing rate. Have you had enough of this phony paper market yet? Are you tired of the cart leading the horse around? Then take the metal away from the warehouses and the Comex will cease being the corrupt den of thieves that it is. Do not forget how the Hunt brothers handled the silver shorts in the late 70’s before the feds stepped in to bail out their pals who were short the metal. The problem the Hunts had was that there were just two of them - an easy target - but in the case of thousands and thousands of investors who take physical delivery of the gold out of the Comex warehouses - what is the claim going to be from the feds? That the Comex market should not be a place where buyers can go and obtain gold? If not, then shut the damn thing down. If so, then buzz off.

Today we had another 2,566 deliveries that were taken, or stopped, against the December gold contract. That brings the monthly total to 11,166 ounces in just two days worth of deliveries. The entire month of October had only 11,166 to give you an idea how heavy the buying of the actual metal has been so far. Once again the stopper of size has been Bank of Nova Scotia. We are off to a very good start but cannot relax.
Meanwhile, back over in the HUI and XAU worlds, the indices were taken back down below the 50 day moving average after having successfully managed two consecutive closes above that important technical level. Generally, such a performance would be a confirmation that the lows are in especially with the shorter dated 10 and 20 day moving averages turning higher and threatening an upside crossover of the 40 day. What we will want to watch then will be at what level the dip buyers will perhaps make their presence felt. It looks to me from the HUI chart that the region near the 208 - 210 level should provide us some buying support. Below that is support near the 198 level although I would prefer to see the former level hold to keep the bearish chatter to a minimum. The shares had been managing to begin separating themselves somewhat from the broader US equity markets until today tripped them up so let’s see if they can regain their footing sooner rather than later.

No I don’t Ive bought from them before but it was about 2 yrs ago haven’t checked just got news on it they have maples there for under 13. That gainsville sites not to bad seen it before but then forgot about it, I won’t now though thanks. Although unfortunately right now can’t buy any more gold coins or I would be.

.oil just hit A new low TONITE………47.58………exactly 100 Dollars a Barrel below the Highs this year !

Didnt hear of short squeeze but as far PMs..most are still in up channel trading range..theyre not done yet.

U.S. TREASURY 5-YEAR CREDIT DEFAULT SWAP SPREAD WIDENS TO 52.5 BPS - CMA DATAVISION

U.S. TREASURY 10-YEAR CREDIT DEFAULT SWAP SPREAD BLOWS OUT TO RECORD 68.4 BPS - CMA DATAVISION

LONDON, Dec 1 (Reuters) - The spread or risk premium on 10-year U.S. Treasury credit default swaps hit a record high on Monday, extending a recent trend as market participants continued to fret about the scale of the government’s financial rescue programmes.

Ten-year U.S. Treasury CDS widened to 68.4 basis points from Friday’s close of 60 basis points, according to credit data company CMA DataVision.

Five-year Treasury CDS widened to 52.5 basis points from 46 basis points at Friday’s close, it said.

-END-

The widening of this credit instrument means more and more investors are concerned the US will DEFAULT on its sovereign debt. When that occurs in other countries, interest rates rise in order to compensate for the increased risk. Yet, ours continue to sink. Such an unthinkable event as the increasing concerns over the US government defaulting ought to have the dollar under severe pressure, especially with our sinking rates … and have gold flying … but the opposite is the case.

White is Black and Black is White … that’s how much the US is intervening in order to prevent our markets from a collapse due to growing lack of confidence. What other explanation can there be for the dollar/gold action we are looking at this morning?

What makes today’s selloff more bizarre than the norm is that the open interest in gold and silver has shrunk so much. It is not as if there are thousands and thousands of bullish speculators to be wrung out. They already have been. This smells of physical gold put in play by the US Government to diminish interest in bullion as the financial crisis continues to escalate like a hideous cancer. Perhaps The Gold Cartel was particularly horrified by the two very bullish gold reports last week coming from their own: Citigroup and JP Morgan Chase.

The gold open interest fell 4409 contracts to 271,683, another low. The same with silver, its OI is not too far from the lowest levels I have ever seen, falling 1978 contracts to 84,202 on first notice day.

Alright enough, stop already. Don’t let the comex fool you they only want your gold cheap. Gold is going north of 2000 esp. if they can’t get it cheap so stop selling. Buy Buy Buy. then so will we. If you see anything else it’s the comex so don’t be fooled take delivery.