It is really good to see you posting regularly! You have done a hell of a job with them ‘problems’ and I am damn proud of you for it!! I don’t know if that guy has got the situation ‘pegged’ or not, but I do like what he says, it sort of fits my gut analysis of the next year!! We all like to read what we agree with, right? hehe Honestly, I can’t see the status quo holding for any longer than a few months, if that. I think we are sitting at the top of the pinnacle, which way we plummet depends of weather the re-inflation works or not. The thought of high inflation is not pretty but it beats the alternative which scares hell out of me. Whatever the outcome, pms will always be precious!! That is a fact!

Best to you and yours,
Dusty

Great charts thanks.

When I was 20 in 1976 I made the greatest net increase in % terms in my net wealth ever in one day(too bad my net wealth wasn’t great at the time). I must give Harry Browne (my blue pill) the credit. On that day the Oz $ was devalued by 17.5 %, it was in an era that we had fixed exchange rates. In the weeks before the event I was going to bank to bank to buy Swiss Francs and the rest I had in gold and silver coins.

The Oz -NZ contingent know how bearish I’m against the Oz $. For so long I’ve been looking at the US and Europe for direction but I’m totally convinced now that it’s the other way around. How will an Oz default effect the rest of the world. I’m saying Oz is going to do an Iceland  but bigger. Willie has it all wrong about the AUD IMO we were never a commodities currency we were always a high interest rate currency.

I’ve done the figures with Ferret and in his words “we’re f–ked” I think that’s what he said. When he comes back from the farm he may correct me.

LP.

…. never look them in the eye!

Sailman

(7 years between the pipes)

After all that we have gone through…including the blatent manipulation of this past summer….the Boyz are pushing on a string.  Lights flickering out…mine by mine,bit by bit..supply restricting…PM demand higher and still growing. Those are Fundamentals.

Technicals, IMHO, call for giving the Boyz their last bit of rope. Even if you don’t choose to give it to them they are going to take it anyway.

We (PM’s-HUI) are going back down….Now realizing that, sit back and relax. Their time is short, the worst is just about over and a PM stock method of “Buy the Dips” is just over the horizon.

I am a Bull but, right now and for several weeks more, we will experience the last of these lower lows. If this is so, then knowing this in advance will make us more relaxed. Bit more patience.. Then..Happy New Year!

I hate to think of what’s going to come down upon us in 2009…but, I don’t expect to be worrying much about the Gold/Silver stocks.  

FGC had a chart earlier today showing 7 downside gaps to be filled with FCX.  Stock at roughly 17…gaps up to 90. Gives some idea of what’s to come.

Hockey is a sport I played in my younger days; the older I get the better I was.  I never did get to the level TQ talked about where once you get eye contact with the goalie you got him beat.  When I started playing I already couldn’t see that far that fast.  heh heh

I’ts been 11 months since I quit and I am just now starting to miss it.  Time to start swimming laps across carribean beaches or pretending on a stationary bike.

I swear on the periwinkle tutu……..I did NOT see either the Get Real or Sailman post before posting.

This place is getting scary…LOL.

You will have to muster through an article several pages long. (Dont worry, after you mutter to yourself during the first several paragraphs, the good news starts. )

Dusty…. and other PermaBulls…your tough as nails optimistic views may soon be rewarded if this article’s author has pegged the situation correctly. And with a first read….by golly, I think he has!

The Manipulation of Gold Prices

snip:

“Things, however, are changing fast. As previously stated, the first major mini-panic among COMEX gold short sellers happened last Friday. As of Wednesday morning, about 11,500 delivery demands for 100 ounce ingots were made at COMEX, which represents about 5% of the previous open interest. Another 2,000 contracts are still open, and a large percentage of those will probably demand delivery. These demands compare to the usual ½ to 1% of all contracts. ”

http://www.istockanalyst.com/article/viewarticle+articleid_2856811.html

The Manipulation of Gold Prices

“It won’t matter much if you purchase gold at $750, $800, $850, $900 per ounce, or even much higher. All of these prices will be looking extraordinarily cheap in a few months. The price of our pretty yellow metal is about to explode, and it is probably going to soar, eventually, to levels that not even most gold bugs imagine. COMEX gold shorts will be playing the price a bit longer, in an attempt shake out some remaining independent leveraged longs. Once that is finished, however, and it will be finished soon, the price will start to rise very quickly.”

Thanks for the update on acquiring fizz. One thing I find interesting here is how the premiums of generic numis. gold has skyrocketed. Last summer a PCGS 63 St. could be bought for about $125 to $150 over spot, now you are looking at $500 to $550. An indication of bullion shortages and people being baited and switched IMO. I would not be a buyer at those prices, but I am tempted to be a seller and convert to pure bullion if bullion premiums come down.

As far as work goes, it is really getting tight. I have a fairly good job starting Monday. It is a pretty nice house (about four mil.) and will take four of us about 2 months to trim it. After that I have nothing lined up, and I don’t like the thought of that. For the past decade I have always had work lined up for at least a year. Right now I feel fortunate for every days work I have.

can you make me an appointment with musa at the ramada?

rno

stockcharts.com/h-sc/ui?s=:&p=D&yr=0&mn=6&dy=0&id=p79653841345

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

3 years ago it looks like it was 550…….now 1300 to 1400 depending on the day !

no wonder its in stock….

…In North America…you cant buy anything near spot…if you can find anything at all !

Hey..look….even HUi doesnt look so bad Downunder !…what bear market ?

stockcharts.com/h-sc/ui?s=:&p=D&st=2001-01-01&en=1979-01-01&id=p79653841345

Good article on Seeking Alpha

seekingalpha.com/article/109210-the-ma
nipulation-of-gold-prices

….. it screams …. begs …. buy me …. more like blow me, blow me into the biggest financial bubble the world has ever seen.  Seen the tech bubble, seen the realestate bubble, well here is the dollar bubble …. super charged and time accelerated by the Fed and Treasury’s unprecedented dollar give-aways.

Truly we can purchase virtually any quantity of physical we want. Maybe not in the form that I recommend and we ‘may’ have to wait a couple of weeks for delivery if we go through the 2 main bullion dealers in our state. The spread between the buy sell has increased but not greatly.

From my 2 main suppliers I can still buy AU at spot or below in coin form but the quantity have diminished in the last couple of months but that has happened in the past  and all of a sudden a big collection comes along. So it all averages out. I cannot say I’ve noticed any change at all. I’ve been offered alot of Franklin mint proofs that came out in the 70s at spot or below but I’m not recommending that crap to anyone  but I’d personally buy that stuff before I’d buy a bar.

I know on ebay the % over spot on Oz silver is huge but those figures are misleading because it’s usually in extremely small quantities (1 of)  nothing that I could do in bulk to make it worth my  while.

I know you’re in the building industry, how’s your work situation ATM ?

LP.