- Heck YA! inflation weighted dollars would show this --
Nuclearson, 21:20:27 02/09/10 Tue
puppy tying to dig a whole in the ground...
Does this mean the real bull market has not even began yet?
[Edit]
- Monopoly "Money " --
mudturtle (Grigg), 21:18:51 02/09/10 Tue
http://freedominourtime.blogspot.com/
gombit currency controls nearly ready.
[Edit]
- This Day in History for 9th February --
LilDevil, 20:56:48 02/09/10 Tue
.
.
1267 - Synod of Breslau orders Jews of Silesia to wear special caps
1555 - Bishop of Gloucester John Hooper is burned at the stake.
1674 - English reconquer NY from Netherlands
1788 - Austria declares war on Russia
1822 - Haiti invades the newly founded Dominican Republic.
1863 - Fire extinguisher patented by Alanson Crane
1889 - The United States Department of Agriculture (USDA) is established as a Cabinet-level agency.
1904 - Japan declares war on Russia
1909 - 1st federal legislation prohibiting narcotics (opium)
1920 - Joint Rules Com bans foreign substances & alterations to baseballs
1926 - Teaching theory of evolution forbidden in Atlanta, Georgia schools
1929 - USSR, Estonia, Latvia, Poland & Romania sign Litvinov Pact
1934 - Balkan Entente alliance forms (Yugoslavia, Greece, Turkey & Romania)
1943 - FDR orders minimal 48 hour work week in war industry - Japanese evacuate Guadalcanal
1950 - Sen Joseph McCarthy charges State Dept infested with 205 communists
1955 - US federations of trade unions merge into AFL/CIO
1964 - 1st appearance of Beatles on "Ed Sullivan Show" (73.7 million viewers)
1966 - Dow-Jones Index hits record 995 points
1969 - Boeing 747 made its 1st commercial flight
1971 - Apollo 14 returns to Earth
1972 - Brit Govt declares state of emergency after month-long miners' strike
1975 - Soyuz 17 returns to Earth
1986 - Halley's Comet reaches 30th perihelion (closest approach to Sun)
1987 - NY Stock Exch installs ladies restroom in the Exchange Luncheon Club
1993 - Army of opium king Khun Sa kills 60 in NE Burma
1994 - Israeli minister Shimon Perez signs accord with PLO's Arafat
2001 - The American submarine USS Greeneville accidentally strikes and sinks the Ehime-Maru, a Japanese training vessel operated by the Uwajima Fishery High School.
http://www.historyorb.com/events/february/9
[Edit]
- @ Merkel --
RIP, 20:49:19 02/09/10 Tue
Isn't she the chick who puts up with back rubs from Dubya?
[Edit]
- I imagine --
entropy, 20:45:41 02/09/10 Tue
that none of you NA idiots even know who Merkel is?
[Edit]
- Merkel is done --
entropy, 20:42:58 02/09/10 Tue
the Germans will never like it. The Euro survivor will be the Britts as they never embraced the Euro. How ironic.
[Edit]
- HL - fund buying week of 2/01 --
APOLLO, 20:42:23 02/09/10 Tue
Hecla Mining Company (HL) 4.89
Add To Watchlist Trade HL now:
Industry: Industrial Materials
Popularity: #108
Stock Rating: 8.30
BUY/SELL SUMMARY
Sells: 17%
Buys: 83%
TIP: Click on numbers below to sort this page.
--------------------------------------------------------------------------------
Total Shares of (HL) Bought and Sold: 5,551,553
- 9 fund managers bought a total of 4,606,677 shares.
- 9 fund managers sold a total of 944,876 shares.
[Edit]
- HL - the whole blurb --
APOLLO, 20:38:17 02/09/10 Tue
67 WALL STREET, New York - February 9, 2010 - The Wall Street Transcript has just published its Gold & Precious Metals, Base Metals and Non Metals Mining Report offering a timely review of the sector to serious investors and industry executives. This 04 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: 2010 Gold Market Outlook -- Commodity Price Projections And European Utilities -- Iron Ore Price Projections -- Coal Price Projections -- Oil And Natural Gas Price Projections -- Copper Price Projections -- Relationship Between Base Metals, Precious Metals And Commodities -- Accommodative Fed Policy And Metals Pricing -- Petrodollars And Gold Price Relationship -- Supercycle In Gold Demand -- Platinum And Palladium Demand
In the following brief excerpt from the 104 page report, Phillips S. Baker Jr. discusses the outlook for the Precious Metals sector and for investors.
Phillips S. Baker Jr. is Hecla Mining Company's President and CEO. Mr. Baker joined Hecla in May 2001 as Chief Financial Officer, was appointed President and COO in November 2001, and CEO in May 2003. Mr. Baker holds J.D. and MBA degrees from the University of Houston, and an accounting degree from Texas A&M University. He has nearly two decades of experience in the mining industry, having previously worked for Battle Mountain Gold Company and Pegasus Gold, Inc., as Vice President and Chief Financial Officer. He has participated in a large number of corporate and project financings during his career, as well as several mergers and acquisitions.
TWST: Let's begin with a brief historical sketch of Hecla Mining and a summary of what you're doing at the present time.
Mr. Baker: Hecla Mining (HL) is a company that has been in existence for over 100 years, was established in 1891 in the Silver Valley of Idaho, and we've been operating continuously ever since. The company has been in other places than North Idaho; we're also in Alaska, Colorado and Mexico. Over the years, we've been in a number countries and states in the U.S., but at this point we've major operations in North Idaho - the Lucky Friday mine that we've been operating since the late 1950s. It's actually a property that's been in operation since the early 1940s. And then we have the sixth largest silver mine in the world in Alaska called Greens Creek, where we have been a partner in that property since 1987, and we've owned all of it since last year, since 2008. So it's a company that today has the most silver production, the most revenue, the most cash flow based on the last quarter in its history. So it's an exciting time for Hecla.
TWST: What is your perspective on how the silver markets have performed over the past six months? Where are we headed over the next six to 12 months?
Mr. Baker: Silver is a unique metal because it has characteristics of the industrial metals that we use to live our normal, modern lives as well as a precious metal element. It ties to gold; it has been a currency metal. And so we've seen over the last six months the effect of both of those features of silver. As a result, when the base metals came off dramatically, silver came off more than gold did. But you've seen this year silver outperform gold. Where I think you're going to see the price of silver go over the course of the next number of years is higher, as a result of both of those characteristics. To the extent you see gold move up, silver will follow.
And to the extent that our economies - not just the U.S. economy, but the world economy - to the extent that grows, you'll see silver being in great demand because it's used in so many products around the world. Electronics - you've all of these cell phones, these new smartphones - all use just a little bit of silver as do medical uses and water treatment facilities. And there's just a thousand different applications for silver. So the outlook for silver in its demand as both a precious metal and a metal for consumer or industrial use is excellent.
TWST: What will the greatest opportunities be for Hecla Mining over the next several years? Is there a particular scenario that would lead to the company substantially exceeding expectations?
Mr. Baker: The great expectation for Hecla is really threefold. One is Hecla is really the only U.S. silver producer. We are the largest silver producer by a wide margin; we've produced probably a third of all the silver produced in the United States in 2009, and I think you'll see that continue to grow. So the position that we have as the U.S. producer will grow and be enhanced in the future. Secondly, our cost structure has consistently been either the lowest-cost producer in the world or among the two or three lowest. And you can go all the way back to early 2000, 2001 to see this. That's really as the result of this great mine that we have in Alaska, Greens Creek. And then finally, we have growth that's occurring with our assets.
We'll talk more over the course of 2010 of deeper development at our mine in North Idaho, the Lucky Friday mine, where we're doing the work now to finalize our plans for the development of a shaft there. That shaft will allow us to reach higher-grade ore, which will allow production to rise. So you'll see production increase at the Lucky Friday mine as a result of that, but you'll also see, we think, reserves and resources, and ultimately production growth because of the exploration that's happening at these four properties. So the news for the future is greater U.S. production, great low cost and, as a result of that, you've got great cash flow. And all of that is going to be funding this growth in production and exploration at the properties.
[Edit]
- HL Baker yapping it up --
APOLLO, 20:33:23 02/09/10 Tue
Baker said:"We'll talk more over the course of 2010 of deeper development at our mine in North Idaho, the Lucky Friday mine, where we're doing the work now to finalize our plans for the development of a shaft there. That shaft will allow us to reach higher-grade ore, which will allow production to rise. So you'll see production increase at the Lucky Friday mine as a result of that, but you'll also see, we think, reserves and resources, and ultimately production growth because of the exploration that's happening at these four properties. So the news for the future is greater U.S. production, great low cost and, as a result of that, you've got great cash flow. And all of that is going to be funding this growth in production and exploration at the properties."
[Edit]
- The PIGS loser is Germany --
entropy, 20:21:57 02/09/10 Tue
the strong one with exports. Short the DAX.
PIGS = Portugal - Italy - Greece - Spain.
[Edit]
- ECU agreement --
entropy, 20:18:24 02/09/10 Tue
does not allow the ECB's, or the ECU or countries to "bail out" another country.
http://www.reuters.com/article/idUSLDE6181VT20100209
But they can "guarantee" debt. More currency down the hole.
[Edit]
- china looking for more resources --
mugwump, 19:55:50 02/09/10 Tue
http://www.chinamining.org/News/2010-02-05/1265348826d34065.html
[Edit]
- ghana blocks exxon deal --
mugwump, 19:46:44 02/09/10 Tue
http://www.rigzone.com/news/article.asp?a_id=87257
[Edit]
- did ya buy rubiales yet? --
mugwump, 19:42:07 02/09/10 Tue
http://www.rigzone.com/news/article.asp?a_id=87232
[Edit]
- welcome to global warming --
mugwump, 19:39:46 02/09/10 Tue
http://www.intellicast.com/Travel/Weather/Snow/Forecast.aspx
[Edit]
- germany screws up to the tune of 1.6 euros --
mugwump, 19:36:51 02/09/10 Tue
http://www.zerohedge.com/article/deconstructing-europe-how-%E2%82%AC20-billion-liquidity-crisis-set-become-%E2%82%AC16-trillion-funding-crisi
[Edit]
- :-: -- Kip, 19:32:56 02/09/10 Tue
Siemens....... looks to be heading much, much lower . . . chart
[Edit]
- Good Listen - if yer into Gold, $, Stocks Bonds etc ... --
Contrarian, 19:19:17 02/09/10 Tue
after listening to this -- ya gonna wanna sell everythn & fast !
Ony winna here is James Turk - Gold money
Tnkyou Mr Prechter !
http://commoditywatch.podbean.com/2010/02/07/robert-prechter-dow-to-triple-digits/
[Edit]
- Here is the green Audi commercial again. --
Earl, 19:17:59 02/09/10 Tue
It is so right on so many levels.
[Edit]
- @'da scene --
Eldorado, 19:15:32 02/09/10 Tue
Frus -- They are allowed to PROVE a move up from here to me.
[Edit]
- @'da scene --
Eldorado, 19:14:17 02/09/10 Tue
oilboiler -- Have you forgotten already?;;; It's always been democrap wars,,, until the RINOs took office.
[Edit]
- somethun about to come you'uns way? --
Ophiuchus, 19:12:49 02/09/10 Tue
you do no there's know such thing as coincidence...don't you? Yes? YES, YES? "clap on, clap off" ...... let's clap together... smile now.
[Edit]
- Nuclearson --
RIP, 19:09:20 02/09/10 Tue
Your first line of defence is ridicule.
Let them know you're on to their shit.
[Edit]
- SKI turning bullish --
siempre33, 19:08:41 02/09/10 Tue
we're setting up for a BIG run...1st time since 05-06....
http://www.321gold.com/editorials/kern/current.html
[Edit]
- Michael Hudson --
oilboiler, 19:07:26 02/09/10 Tue
This guy leans left - he advises Dennis Kucinich and I don't agree with his perspective - but this is worth listening to. The corruption is beyond belief.
Obama's Republican Class War Presidency
http://www.kpfa.org/archive/id/58336#IDComment55980474
[Edit]
- @ That means the two major Western World currencies will be Gold and the SDR (type entity). --
RIP, 19:06:29 02/09/10 Tue
Lord Jim is finally catching a clue.
All he needs do is substitute SDR for US dollar.
[Edit]
- it is a funny commercial --
Nuclearson, 19:05:16 02/09/10 Tue
I agree
but a few belly laughs later
you begin to wonder...
what if they ever do reach their goal and
completely eradicate
all non-compliance of current laws
will not new laws for people to break have to be
invented, just as they have all along
hence the crazy laws we sometimes hear about in other states such as
riding an ass near the town square will getcha -$20
from 1808?
[Edit]
- lord jim --
mugwump, 19:01:19 02/09/10 Tue
gold has spoken out both before and after US trading hours for two days now on the developments taking place in the darkened central bankers meeting room. This is the same room with the shades pulled down, military and police guards out front and air support flying above.
The floating exchange system as it now exists is going be folded. We are moving toward a one Western world currency, and one Western world central bank of central banks.
Because all Western world federal budget deficits are out of control and there is no PRACTICAL method to reverse this condition in the foreseeable future, there is no other alternative.
That means the two major Western World currencies will be Gold and the SDR (type entity).
[Edit]
- it is a funny commercial --
Nuclearson, 19:00:51 02/09/10 Tue
[Edit]
- heaven help us --
Nuclearson, 18:59:24 02/09/10 Tue
I just heard over the mass media NBC
say that there is 3rd hand smoke
the smoke that attaches to furniture, etc..
that can mix with the chemicals in the material
and cause cancer...
this is getting another level weird folks..
and ignore the myriad of other cancer causing
or instant death traveling machines
or sugaryless needless drinks
or the vaccine injuries...
or the accidental hospital deaths
or the just natural or bad luck deaths
but smoking of all kinds must be eradicated to absolute zero
everything else is ok, especially if 99% man-creatiated
in moderation of course
[Edit]
- china buying stakes in canadian miners- watch out!! --
mugwump, 18:58:03 02/09/10 Tue
http://www.theglobeandmail.com/globe-investor/china-builds-stakes-in-canadian-mining-companies/article1460614/
[Edit]
- Nuc @ satire --
RIP (), 18:56:55 02/09/10 Tue
Watch it again...and again.
If it doesn't make you laugh...you lack a sense of humour.
I see the viewers have their pants in a knot.
3.5 out of 5 stars.
I call it an all time classic.
Here is the green Audi commercial again.
http://www.youtube.com/watch?v=Wq58zS4_jvM
Last edited by author: Tue February 09, 2010 19:02:15
Edited 1 time.
[Edit]
- Too much bearishness around here --
Permabear1, 18:49:14 02/09/10 Tue
suck it up! Here's some hand holding material...
http://www.gold-eagle.com/gold_digest_08/hamilton020510.html
http://www.321gold.com/editorials/thomson_s/thomson_s_020910.html
[Edit]
- want to play real scientist and quantify instead of qualify at home? --
Nuclearson, 18:47:45 02/09/10 Tue
http://www.testcountry.com/
[Edit]
- Sarah -- RIP --
Carmack (), 18:46:24 02/09/10 Tue
They're all just puppets so they might as well pick one that looks good !
Last edited by author: Tue February 09, 2010 18:46:54
Edited 1 time.
[Edit]
- Pittsburgh really battles a snowstorm....with wounded. -- RIP, 12:03:58 02/09/10 Tue --
entropy, 18:41:27 02/09/10 Tue
It seems that more than meets the eye is occurring in Pittsburgh. I was in the Oakland section yesterday, home of Pitt, CMU and the Hospital complexes, and was amazed that the main roads were not even touched (interstates were clear and dry). I think there is a battle going on between the mayor and the police and the public works department over funding and contract terms. Not once did I see a police car, paramedic, fire vehicle or snow removal vehicle. The roads showed no sign of any embankments typical of plow activities. What I did see, interestingly, were National Guard HumVees(sp) patrolling the streets.
The outlying areas have been cleared and dry since Sunday. I have lived in NYC where mayors lost their jobs over snow removal. Another 6-10 inches is projected for tonight to add to the pain.
I don't know what is going on here but it does not smell good.
[Edit]
- new gold becomes the go to consolidator --
mugwump, 18:41:05 02/09/10 Tue
now has 300,000 oz production too- wow!! in only 3 yrs!!
http://www.mineweb.co.za/mineweb/view/mineweb/en/page66?oid=97747&sn=Detail&pid=1
[Edit]
- secty La Hood (transportation) --
Goldfish, 18:40:51 02/09/10 Tue
is such a fool I can hardly believe it. Looking forward to his eating his words.....
[Edit]
- US Dollar (DX) Index -- Kip, 18:40:16 02/09/10 Tue

[Edit]
- "This is brilliant satire." RIP --
Nuclearson, 18:36:01 02/09/10 Tue
are you sure it is satire?
I think that is the way of the future, they are just giving us a peek...
[Edit]
- -- --
Winston, 18:33:52 02/09/10 Tue
Richard Branson: An Oil Crunch Is Coming By 2015, And It Will Be Worse Than The Credit Crunch
http://www.businessinsider.com/virgins-richard-branson-predicts-oil-crunch-by-2015-2010-2
[Edit]
- Paul Watson taking on Japanese whalers --
Bizarro_Greenspan, 18:32:54 02/09/10 Tue
In the good ship "Bob Barker",they're dodging ramming hulls and flinging dirt bombs.
Reminds me of Happy Gilmore
"The Price is Wrong,Bitch"
[Edit]
- Submariner, --
Bizarro_Greenspan, 18:26:32 02/09/10 Tue
Nobody else out there like ORO,he was unique,too bad he's missing all the current goings-on in the currency/gold battle royale.
Hopefully there is some more ORO fans out there,to keep posting some of his stuff,after my physical gets called for delivery.
it's all dated stuff now,but it's still amazingly pertinent,in a bizarro sort of way.
[Edit]
- 2bro2b re: silvercorp --
mugwump, 18:23:27 02/09/10 Tue
yeah- i love that stock
[Edit]
- suisse gold now sells coins --
mugwump, 18:22:27 02/09/10 Tue
http://www.commodityonline.com/news/SuisseGoldch-expands-bullion-range-to-coins-25522-3-1.html
[Edit]
- silvercorp net $12 million --
2bro2b (), 18:20:28 02/09/10 Tue
Quarter looked good. Plans look good. After hours
looks good, another 5%.
http://finance.yahoo.com/q?s=SVM
Last edited by author: Tue February 09, 2010 18:21:06
Edited 1 time.
[Edit]
- Gold trail musings from the FOA wacko --
Bizarro_Greenspan, 18:13:43 02/09/10 Tue
"The true physical gold demand in our world today is poorly understood and poorly calculated. While physical trades are documented as well as possible, little weight is given to the countless investors that own gold using the international margin/deposit paper markets. Yes, most of these players don't have the "here - with - all" to make good on their gold purchases by taking delivery 100%. Mostly they play the "gold price" in a paper game rigged against their ever seeing full value.
But if even 10% of this ---"I own real gold in paper form but haven't paid for it yet and have the cash to do it "--- demand was to surface outside the futures related arena? This demand would take all the supply available in an "adjusted" post paper gold world. Only then will the real demand equation be understood. Only then will physical gold trade for it's fair value as a world currency outside official paper gold control. That day is coming for the owners of real gold.
You see,,,,,, any excess supply would mostly flow to filling those that have contracted for it and have something the world cannot live without! OIL!
In time the real value of gold will be represented by real demand not subject to currency supply. Not the unlimited paper supply that values gold for political ends.
To reword Another's strange post: One gold is coming my friends, one gold!
Thank you all"
FOA/Your Trail Guide
[Edit]
- ORO on supply and demand -- Bizarro_Greenspan --
Submariner, 18:11:40 02/09/10 Tue
BG, if you die, who gets the ORO Archive?
It is a treasure.
[Edit]
- Yes frustrated........... --
Kitcotodd, 18:10:38 02/09/10 Tue
The goldies act as professionals when leading down.
[Edit]
- Gila Bob was a big NXG backer --
Bizarro_Greenspan, 18:05:07 02/09/10 Tue
I wonder what he thought of the texture of the granite cliffs as we plunged thru the wispy clouds.
[Edit]
- Eldorado --
Frustrated, 18:03:13 02/09/10 Tue
don't ya know by now that gold stocks only
lead when it's down...
not when it's up...
[Edit]
- Northgate rallies --
Bizarro_Greenspan, 18:02:37 02/09/10 Tue
Ya,after vicious curb-stomping action of preceding three weeks,that was good fun.
[Edit]
- a curious insanity --
Bizarro_Greenspan, 17:54:50 02/09/10 Tue
http://snarkypenguin.blogspot.com/2010/02/gold-bugs-in-unicorn-land.html
"In the real world, we should not have to deal with delusional people who live in fictional universes of their own making and make unsupported (and unsupportable) statements of “facts” that have no data to support them. Those people should be relegated to the same status as that crazy guy beneath the freeway underpass who is pushing the shopping cart while wearing a bathrobe and fuzzy slippers and muttering to his invisible friend, because they have as much attachment to reality as that guy. Unfortunately, we have to keep explaining how things work in the real world as vs. in the fictional universe they’ve built inside their heads over and over again, because that fictional universe is *pretty* (oooh, gold, shiny shiny!) and has superficial plausibility to people who have never looked at the data and, indeed, lack the statistical expertise to properly evaluate the data."
[Edit]
- a curious insanity --
Bizarro_Greenspan, 17:52:35 02/09/10 Tue
http://snarkypenguin.blogspot.com/2010/02/gold-bugs-in-unicorn-land.html
[Edit]
- bhp makes $5.7 billion net in first half --
mugwump, 17:51:25 02/09/10 Tue
http://www.reuters.com/article/idAFBHP20100209?rpc=44
[Edit]
- who's buying dem Skanky US bonds? --
Bizarro_Greenspan, 17:43:03 02/09/10 Tue
"Foreigners largely fled U.S. bonds in fiscal 2009. Foreign buying of Treasuries and Agencies for the year totaled just $220 billion, down 55% from $505 billion in fiscal 2008. Foreign purchases accounted for just 10% of American bond buying last year. By far the lowest total in the last 10 years (the previous low was 33% in fiscal 2008).
But foreigners have been in the market lately in a big way. In November 2009, foreign buyers picked up a record $118 billion in Treasuries. So far this fiscal year, foreigners accounted for 28% of bond purchases.
It's difficult to dismiss this groundswell as a U.S. government trick. Yes, there are issues with America's deficits. Yes, the nation's finances are probably not sustainable. But other currencies have their own thorns. And investors are still interested in dollar-denominated instruments as a place to park their money.
Two, five or ten years down the road that may change. But for now, reports of the dollar's demise are, well, you know.
Here's to resiliency,
Dave Forest
dforest@piercepoints.com
[Edit]
- silvercorp net $12 million --
mugwump, 17:42:58 02/09/10 Tue
http://biz.yahoo.com/iw/100209/0585634.html?.v=1
[Edit]
- snowbird --
mugwump, 17:41:36 02/09/10 Tue
i'd like to see petrobas get into the EEZ!! wow!! huh?
[Edit]
- El Nino flows on by --
Bizarro_Greenspan, 17:30:44 02/09/10 Tue
we is basking today,the snow's melting like Goldman triple shorted CDO's.
[Edit]
- Rip --
Skinee, 17:24:28 02/09/10 Tue
I am getting a real thrill out of following the scumbag transit union follies in Toronto.
I just love the readers responses to the articles.
Unions breed laziness was one.
But everybody knows that
[Edit]
- I guess when you believe in the end of the whirld --
RIP, 17:22:52 02/09/10 Tue
....you will always prefer short term profits.
[Edit]
- The casino will ALWAYS be open --
RIP, 17:20:42 02/09/10 Tue
24/7
[Edit]
- @'da scene --
Eldorado, 17:20:23 02/09/10 Tue
Off, to a hopefully fine meal.
Later..
[Edit]
- @'da scene --
Eldorado, 17:19:13 02/09/10 Tue
Kitcotodd -- I played escapee today. No sense in butchering oneself.
Yes, it could all go up in the AM. Same odds as down anymore. There is no sense or rhyme or reason to any of it, so anybody has the best guess, until it ain't.
Still, I have to rely on 'performance'.
[Edit]
- @'da scene --
Eldorado, 17:15:44 02/09/10 Tue
What we have in the whole market is fast money chasing after even faster money. The casino is still open,,,, momentarily anyway.
[Edit]
- Eldorado --
Kitcotodd, 17:14:07 02/09/10 Tue
This is the way they bottom nearly everytime. If we aren't above 400+ soon (possibly tomorrow) then I got to fold em. Gold could get slaughtered or be over 1100 by tomorrow.
It's just a guess really what happens next.
[Edit]
- Cheer up Eldorado --
Sherlock, 17:13:22 02/09/10 Tue
It could be worse. But you have a point, since without that Greek bailout news, the particulars still unknown, we were heading down fast.... See y'all tomorrow.( I hope it isn't too bad.I'm getting tired of the same thing , over and over)...http://www.youtube.com/watch?v=_BlmQcH3q0w
[Edit]
- Glod stocks lead....when they know what they are leading --
RIP, 17:13:05 02/09/10 Tue
There are no leaders anymore.....on so many levels.
What we currently have is the proverbial dog's breakfast.
Although I'm sure it is only temporary....lol
[Edit]
- Ballgame - not sure we've had the final "flush" --
APOLLO, 17:10:54 02/09/10 Tue
We'll see. If you look at the 6-mo HUI, we are in a mini-wedge & also sitting on a pretty big unresolved H&S - takes you to 350 pretty quick. The positive TA I see on the board is a bit of trees & not the forest. But like I said, we'll see - tough to be bullish unless we take out the 200 convincingly & we did not get anything during the usual end of Jan seasonal - second half of Feb on HUI Seasonals is not pretty.
[Edit]
- @'da scene --
Eldorado, 17:07:51 02/09/10 Tue
Kitcotodd -- In that case, the metals better get ass's moving but GOOD if'n you want to see ANY performance from the stox..
If'n the shares aren't wanting to move up, give pause and think there may be a reason,,,,,,, yet once again...
[Edit]
- HUI... "395.35 is the 200 DMA" -- Kitcotodd, 15:11 -- Kip, 16:19:24 02/09/10 Tue --
Romanov, 17:05:28 02/09/10 Tue
There's a saying "Bulls live above the 200dma."
[Edit]
- Eldorado --
Kitcotodd, 17:02:50 02/09/10 Tue
Shares did not lead last time. Gold dragged them kicking and screaming.
[Edit]
- @'da scene --
Eldorado, 17:01:45 02/09/10 Tue
Look at the performance of the pm shares over the past couple few days relative to the PM action. SUKS,,,, and shares lead..
[Edit]
- Housing Crash Crushes Suburban Ideal --
Sherlock, 17:00:38 02/09/10 Tue
By: Diana Olick
CNBC Real Estate Reporter...As the nation's home builders try to claw their way out of the biggest abyss in the sector's history, the future landscape is beginning to look a bit different than they once thought,,,http://www.cnbc.com/id/35316715
[Edit]
- Man the mood here is pretty down. --
Kitcotodd, 17:00:03 02/09/10 Tue
The last seven days have represented a bottoming pattern. I say we move up and away tomorrow. Have stops.
[Edit]
- dollar and xau --
WileE, 16:52:19 02/09/10 Tue
double-hook stochastic sell signal on daily dollar. fast stochastic pulling away sharply to the downside making lower, low. Might find support at 79.31 the 13-day EMA. If not, look out.
dollar:
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=3&dy=0&id=p37486027665
xau stopped at 13-day EMA near 156. Also needs to take out prior top at 158.65. Fast stochastic making higher high, near 50 is positive action. MACD lines kissing. Today was bullish action, wiping out yesterday's loss. An up day tomorrow turns this unmistakeably bullish. Will the shorts try to crush it?
xau,daily:
http://stockcharts.com/h-sc/ui?s=$XAU&p=D&yr=0&mn=3&dy=0&id=p37486027665
[Edit]
- HUI 350 a done deal? --
ballgame, 16:47:08 02/09/10 Tue
Man, like you're bumming us out here.
[Edit]
- What's wrong with you guys ! --
Sherlock (), 16:44:45 02/09/10 Tue
PM stocks did great. Many people are shopping around trying to do better than 2% on their money for a year's return !... GLD + 1.38% and GDX + 4.12
Hecla ws up over 7%, Northgate was up 8.5%, Iamgold 6.7%. It only hurts if you're a buy and hold guy. But even if that, don't you know that Rome wasn't built in a day in a day ? ....
http://www.youtube.com/watch?v=7FmognvrztU&feature=related
Last edited by author: Tue February 09, 2010 16:47:33
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[Edit]
- @'da scene --
Eldorado (), 16:37:58 02/09/10 Tue
Watch what happens when 'da buk cruises on up to 81.50ish area..
Then you'll prob'ly see PM stox reacting wildly to the upside,,,,, before the metals (yet once again)...
Last edited by author: Tue February 09, 2010 16:38:36
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[Edit]
- Best Super Bowl commercial --
RIP, 16:27:58 02/09/10 Tue
This is brilliant satire.
http://www.youtube.com/watch?v=Wq58zS4_jvM
[Edit]
- PM stocks --
Sherlock, 16:27:39 02/09/10 Tue
Very good performers today, but after the way they've been knocked down, traders are going to want more proof to not think today was anything other than a dead-cat bounce on some short covering. I know I'm certainly not convinced. And I'm still into the take-short- term profits mentality. It sure would be nice to just sit back, relax, and enjoy the show. But you got to play the hand you've been dealt.
[Edit]
- Hambone - yep --
APOLLO, 16:23:33 02/09/10 Tue
SM is correcting & we go with for now. HUI 350 looking more like a done deal.
[Edit]
- New Ad onna Teev... --
Nuggets, 16:22:44 02/09/10 Tue
what is that ladies accent?...Swiss?
http://www.thegoldbug.com/
[Edit]
- HUI... "395.35 is the 200 DMA" -- Kitcotodd, 15:11 -- Kip, 16:19:24 02/09/10 Tue

am curious, k-todd........ why you're thinking HUI's 200 day moving average particularly significant?
[Edit]
- APOLLO --
Hambone, 16:19:21 02/09/10 Tue
I happen to agree with you. PMs and bullion have something to prove first before the shouting begins.
I was also unimpressed by stock market action. I still say the close yesterday under 10K was a key inflection point. The next close under 10K won't be as hard to accomplish.
[Edit]
- @'da scene --
Eldorado, 16:19:15 02/09/10 Tue
PM stox performance truly sukked today. They had EVERYTHING going THEIR way; but they wouldn't. Thus, IMO, and we'll see tomorrow as the buk cruises on up after its wee shakedown, that the PM sector, lead by its worthless stox performance, is now in further crash mode.
[Edit]
- @ Sarah --
RIP, 16:17:52 02/09/10 Tue
Just elect her....and watch her grow Hillary thighs.
They already think the same way.
May as well look it.
[Edit]
- WSJ - Germany considering loan guarantees --
APOLLO, 16:17:37 02/09/10 Tue
to struggling EU members & that the EU will indemnify/guarantee Germany yada yada - but this will take time to put in place. May not get done for at least a week.
[Edit]
- We travel on; together. : ) --
Glyndwr, 16:17:33 02/09/10 Tue
Nytol.
[Edit]
- Winston: still easier on my eyes than our madame secretary. --
ballgame, 16:13:19 02/09/10 Tue
[Edit]
- What's wrong with a 4% HUI move? --
RIP, 16:12:59 02/09/10 Tue
You guys want blood?....lol
POG and especially gold equities are currently at the mercy of the SM.
I hate it.
But what can you do?
[Edit]
- Not a great finish - disappointing --
APOLLO, 16:07:39 02/09/10 Tue
looks like a one-two day wonder. Maybe a bump tomorrow morning if we are lucky. Looks like maybe sell the news on Thursday that is now priced in. The HUI chart - unless we climb above the 50, says 350 beckons. If we can't even pull above the 200 - it says, 350 & quick.
[Edit]
- -- --
Winston, 16:06:14 02/09/10 Tue

discuss
[Edit]
- Tomorrow we may move out of here............. --
Kitcotodd, 16:02:43 02/09/10 Tue
[Edit]
- @'da scene --
Eldorado, 15:59:27 02/09/10 Tue
Rip -- If'n yer talkin 'bout me, nope, didn't miss a thing. DID however expect a whole lot more than what was given. My prvious posts will tell why, and my concern going forward.
[Edit]
- Mugwump: Thanks for the Erhe info, further to that... --
Snowbird, 15:58:57 02/09/10 Tue
http://www.macauhub.com.mo/en/news.php?ID=8907
[Edit]
- It appears someone missed skimming a few shekels today --
RIP, 15:54:56 02/09/10 Tue
Oh well
[Edit]
- @'da scene --
Eldorado (), 15:52:39 02/09/10 Tue
Been awhile since I've seen such a mixed bag of sheis in the pm sector. Don't anybody sneeze least it also catch a cold.
Actually looks more like the last death-bed rally attempt.
Last edited by author: Tue February 09, 2010 15:53:23
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[Edit]
- @'da scene --
Eldorado, 15:49:12 02/09/10 Tue
Yep, good ol .gov ganGREEN putrefaction.
[Edit]
- ... can't get any greener if ya tried ... --
BWP, 15:47:21 02/09/10 Tue
"Job openings plunged by one-quarter last year- AP"
... yeah, not a prollum when ya got a jobless recovery ... apparently, the 'conomy can grow even if nobody's workin' ... 'Merkan ingenuity ... I'm in awe ...
[Edit]
- yellowcab --
RIP, 15:40:06 02/09/10 Tue
See if Jimmee will give you a refund.
[Edit]
- Rip --
Skinee, 15:39:44 02/09/10 Tue
Those controllers get so much time off they probably forget how to be air traffic controllers.
On the other hand it just goes to show how far out of hand unions and government employees can get.
Our new municipal governments are a great example
[Edit]
- ... by the numbers ... --
BWP, 15:38:28 02/09/10 Tue
"How Greece could be helped out of its jam- WSJ"
... yeah, raise the price of olive oil ta $34,788 a liter and sell off a few of them islands ... can keep track of 'em all anyway ... and beer ... get yerself some real beer instead of that antelope piss and maybe ya get more tourists ...
[Edit]
- Stock market --
Sherlock, 15:31:13 02/09/10 Tue
Just when you think it's going to jag , it jigs !
[Edit]
- Stiglitz Sees `No Risk' of Greece Defaulting on Debt --
doran, 15:30:31 02/09/10 Tue
http://www.bloomberg.com/avp/avp.htm?N=av&T=Stiglitz%20Sees%20%60No%20Risk%27%20of%20Greece%20Defaulting%20on%20Debt&clipSRC=mms://media2.bloomberg.com/cache/vtWkASfgNmDA.asf
[Edit]
- Rip/China flaps it's jaws --
Sherlock, 15:30:10 02/09/10 Tue
Funny !
[Edit]
-
the gold price sign don't work --
yellowcab, 15:29:49 02/09/10 Tue
but we got the haitian aid banner--and that came up after the quake news got as stale as rip's humor.
that haitian banner will stay up for years--an ever forgettable reminder of this forum's quality and value.
free junk.
[Edit]
- Toyota Corolla Complaints Being Reviewed By U.S. --
doran, 15:28:09 02/09/10 Tue
Consumers have complained that they have had difficulty keeping the Corolla going straight on highways, according to the NHTSA database.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSLXhhFFPpSI&pos=5
[Edit]
- KD dons his moron suit....and posts this --
RIP, 15:25:22 02/09/10 Tue
http://market-ticker.denninger.net/archives/1949-China-Flaps-Its-Jaws-Again.html
[Edit]
- Jobs package may come in steps, Obama says --
Sherlock (), 15:21:37 02/09/10 Tue
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) -- A legislative package aimed at creating jobs may come out of Washington in "incremental steps," President Barack Obama said on Tuesday, following a high-level meeting at the White House with congressional leaders of both parties....http://www.marketwatch.com/story/obama-leaders-huddle-on-jobs-at-white-house-2010-02-09
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[Edit]
- AZAU --
Ophiuchus, 15:20:42 02/09/10 Tue
The double slit experiment was actually conducted in 1909 by Geoffrey Taylor". It was revisited by the ‘Copenhagenists’ in 1927 and described the experiment as “quantum weirdness". Like Baggott they couldn’t come up with a scientific explanation.
The LAWS of physics are not universal because on the subatomic level things behave differently then they do in the everyday world that we can see with the eye.
The AWARENESS of the WATCHER determines how energy behaves and the FOCUS of that AWARENESS becomes the reality of the world.(emphasis added) I came to realize through ‘hands on research’ that, Thought combined with emotion will ALWAYS manifest as reality, IN REAL TIME.
On anther note, I also know for fact that clairaudience is real. Once again, its expression is determined by the AWARENESS and state of mind of the WATCHER. Creating (majic) in real time is all about being a centered androgyne. Check out Leonardo’s “John The Baptist”, “Reni’s rendition of Jesus as a young beatific”, the "alchemical androgyne" as well as every pictorial of Jesus.
“If you would be a real seeker of truth, it is necessary that at least once in your life you doubt, as far as possible, all things.” Rene Descartes
[Edit]
- Finally....some decent police work, albeit old fashioned --
RIP, 15:12:18 02/09/10 Tue
...Larry Jones, a neighbour of Colonel Williams who was initially deemed a suspect in a pair of home invasions on their lakeside road, said it was the colonel’s unique snow tires that caught the attention of police.
“Russ is pretty meticulous. When he buys a set of tires, he buys the best that’s on the market. I guess they were a particular brand... they had a particular design on the tread,” said Mr. Jones, who explained that he was told by police about the tire track link after he was cleared as a suspect.
“They looked at the tires on his truck, and took pictures of his tires ... took it back to the crime scene and matched the two.”
http://www.theglobeandmail.com/news/national/tire-tracks-led-police-to-williams/article1461548/
[Edit]
- HUI goldies -- ElReyXXII, --
Kitcotodd, 15:11:26 02/09/10 Tue
Didn't see it mentioned, but 395.35 is the 200 DMA with today's high coming in at 395.07 so far.
[Edit]
- Q?What's not to like about that Goldcorp chart? --
ballgame, 15:11:18 02/09/10 Tue
A:Anything. If you're short.
http://stockcharts.com/h-sc/ui?s=GG&p=D&yr=0&mn=3&dy=0&id=p20827719216
Good day tomorrow and she'll be bouncing off the 50dMA, nice gap to fill at $44.
[Edit]
- The rally is holding --
Sherlock, 15:09:54 02/09/10 Tue
Looked like a fade for a while there,but it reversed back up. Very volatile.
[Edit]
- Dan Norcini --
lady_bug, 14:57:27 02/09/10 Tue
http://jsmineset.com/wp-content/uploads/2010/02/February0910Gold.pdf
[Edit]
- 'Vampire squids' --
Glyndwr, 14:51:48 02/09/10 Tue
Please, no more..
Here's the real thing http://www.wimp.com/vampiresquid/
The original poster was referring more to this, methinks - http://web.tiscalinet.it/silviodr/facehugger.jpg ('Alien' - 1979). Striking resemblance, no? : )
[Edit]
- Sold GSS $3.02 --
Sherlock (), 14:49:50 02/09/10 Tue
Nice little profit. Better than nothing. Damn bid wouldn't go above 3.02. I'll take that money and see if I can pick up Hecla cheaper later. Who knows?
Last edited by author: Tue February 09, 2010 14:53:22
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[Edit]
- @'da scene --
Eldorado (), 14:47:46 02/09/10 Tue
ElReyXXII -- Yep, and the rest are amongst a large group of the dead and the dying. It currently does not bode well.
Given the equities are up, and the metals are up, one easily coulda' expected more in the pm stox. If'n they still lead, and this sad performance continues thru what's left of the day, then tomorrow would likely be a bad day in the metals, as well as their stox.
Last edited by author: Tue February 09, 2010 14:50:00
Edited 1 time.
[Edit]
- HUI goldies --
ElReyXXII, 14:45:33 02/09/10 Tue
That 390 area on the HUI is providing more resistance that I thought it would but +15 points on the HUI is not a bad day's work. Would prefer it to actually close over 390.
Really need that 402-403 area to get cleared.
FWIW only 4 stocks that I looked at just now have cleared the equivalent of that HUI 402 area from last week: GG, KGC, NAK and NG. We need this small list to expand.
All the best....
[Edit]
- Skinee should enjoy this --
RIP, 14:39:24 02/09/10 Tue
French air controllers get 30 weeks’ holiday a year: audit
http://www.financialpost.com/news-sectors/story.html?id=2540708
[Edit]
- Excellent Post --
lady_bug, 14:37:04 02/09/10 Tue
must read: http://tradingchief.com/blog.php?page=read&pid=1673
[Edit]
- What is Hank Paulson saying? --
RIP, 14:34:23 02/09/10 Tue
You don't wanna know.
I mean...really.
http://www.zerohedge.com/article/dubya-hank-paulsons-surrogate-mother-urged-bald-exercise-sleep
[Edit]
- ... ah geez ... --
BWP, 14:32:38 02/09/10 Tue
"US Economic Growth to Slow to 2.7% This Quarter: Poll"
... yeah, what growth ya talkin' 'bout, bro? ... yer economy's been shrinkin' faster than a pecker in ice water ... grow a spine and tell the peeps what's really happenin' ... I dare ya ...
[Edit]
- ... oh the absurdity of it all ... --
BWP, 14:26:59 02/09/10 Tue
... ya can't take these markets seriously ... even the devout see the scams 'n swindles ... sure it's serious but it's a joke nonetheless ...
[Edit]
- Hank Paulson and Buffet --
Sherlock, 14:24:44 02/09/10 Tue
live...http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
[Edit]
- ... bring democracy ta me, baby .... --
BWP, 14:19:53 02/09/10 Tue
"Coca-Cola Volume Improves, Led by Emerging Markets"
... yeah, they got a Coke machine inna Amazon rainforest ... the natives are stuffin' their face wif Twinkies after the water buffalo ceremony ...
[Edit]
- @ Treasurys extend loss after auction, news of rescue plan for Greece -- Sherlock --
MoreGold, 14:19:11 02/09/10 Tue
Hmmm, even with the strong USD, the bonds are falling.
This could be the break sign for the USD.
Top ???????????
[Edit]
- die hard gold bugs --
Bizarro_Greenspan, 14:18:40 02/09/10 Tue
Like we're the retarded cousin who lives in the basement,or some kinda nut building a spaceship in his garage.
They said that about us at the $252 double bottom and they're still saying it today.
Feckin wackers,they're just bobbing in our wake.
[Edit]
- ... dem bones, dem bones, dem dry bones ... --
BWP, 14:12:51 02/09/10 Tue
"Insurers Jump In as Obama Opens the Door for Annuities in Retirement Funds"
... yeah, open them doors, Obama ... let the vulture vampire squids have another go at us ... like we weren't picked clean the last go-around ...
[Edit]
- Greece or California: Which One's Worse? --
Sherlock, 14:11:22 02/09/10 Tue
Discussing which debt threat is worse, Greece or California's, with CNBC's Jane Wells....
http://www.cnbc.com/id/15840232?video=1409136822&play=1
[Edit]
- The unions in Greece are going on strike --
Skinee, 14:07:56 02/09/10 Tue
They do not want any spending cuts.
They want to spend spend spend.
You just gotta laugh at people who support unions.
It must be because they are as stupid as the union.
Socilism just does not work...tell Obama
[Edit]
- ... gold's up, dollar's down ...... --
BWP, 14:05:49 02/09/10 Tue
... and the universe is unfoldin' as it should ... don't fuck wif the universe, I tell ya ... it's my new moto ... ya wanna lease my motto? ... call me at BR-555 and have yer credit card handy ...
[Edit]
- A Benny shaved is a Benny urned --
Bizarro_Greenspan, 14:05:15 02/09/10 Tue
That's an inside joke at the NY Fed.
[Edit]
- dollar strength --
WileE, 14:03:36 02/09/10 Tue
a mirage, a fleeting illusion, soon to end and end badly.
usd, weekly (not including today):
http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=1&mn=6&dy=0&id=p11824773018
The upmove is just a little retrace of the downtrend. Just a little A-B-C up and looks fizzled out after today's action. 79 looks like the line in the sand where price, 50-week MA and 13-week EMA will all converge. A break lower and that's all she wrote. Greece doesn't looks that bad compared to USA. Don't buy the dollar bubble.
[Edit]
- Treasurys extend loss after auction, news of rescue plan for Greece --
Sherlock, 14:02:35 02/09/10 Tue
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices extended losses on Tuesday, pushing yields up for a second session, after the government received tepid demand at its sale of 3-year note (UST3YR 1.33, +0.08, +6.34%) , the first of three major debt sales this week....http://www.marketwatch.com/story/treasurys-down-as-fears-about-european-debt-ease-2010-02-09
[Edit]
- ... chickens ... --
BWP, 14:01:49 02/09/10 Tue
"Another winter blast helps boost heating oil price- AP"
... you 'Merkans are just pussies ... ya whine fer oil when it freezes ... careful, girls, ya don't want ruin yer perm inna cold ... up here inna Great White Norf we freeze all year and got nuffin' but packs of whale blubber ta keep us toasty warm .... stop whinin' and go hunt some beaver ...
[Edit]
- ORO on supply and demand --
Bizarro_Greenspan, 14:01:37 02/09/10 Tue
"Needless to say, the source of gold pricing is supply and demand. If prices are falling in dollars, it is because the amounts of gold paper and bullion reaching the market are going in at a higher rate than dollars. That can only continue so long as the market believes that gold paper will be convertible at par with the real thing. The only way this parity would break is through the inability of the issuer of paper gold to provide bullion at par or an acceptable substitute."
******************************************************************************
Many issuers,ethereal backing,there's your conspiracy,it's rather large when you ponder it in all of it's complexity.
[Edit]
- I dunno.. --
Glyndwr, 13:55:49 02/09/10 Tue
I do feel something for Bart.. I'd like to know more of Mr. mud's opinion of him, when they met (You were rather obtuse on it..).. But I can guess.
[Edit]
- ... gold's crawlin' back ta my target of $1091.12 ..... --
BWP, 13:54:49 02/09/10 Tue
... could it be a C E N T R O I D ??!? ... yeah, could be ...
[Edit]
- Gold, metals rally on report of Greek rescue plan --
Sherlock, 13:53:56 02/09/10 Tue
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Gold and metals futures rallied on Tuesday, as a report that Germany may rescue Greece from its debts boosted the euro, pressuring the dollar and lifting the price of commodities....http://www.marketwatch.com/story/gold-gets-lift-as-calmer-markets-pressure-dollar-2010-02-09
[Edit]
- People who live in grass houses shouldn't stow thrones,yuppers,that's a fact. --
MichaelH, 13:53:53 02/09/10 Tue
Shouldn't that be "not smoke"?
[Edit]
- @Knuckles Nadler --
Smythe, 13:46:28 02/09/10 Tue
Talking his "gold-pool" again ? LOL !
It would be nice, however, if gold showed a little more safe haven independence. We obviously have not got through the dollar only mind-set yet. 100 years of Fed baloney dies hard.
[Edit]
- Nadler rails against the speculative paper --
Bizarro_Greenspan, 13:43:19 02/09/10 Tue
People who live in grass houses shouldn't stow thrones,yuppers,that's a fact.
[Edit]
- "Best of a Bad Lot": Dollar Will Soon Be Worth As Much the Euro, Says Gary Shilling --
Sherlock, 13:42:56 02/09/10 Tue
ate last year, very few investors other than our guest Gary Shilling of A. Gary Shilling & Co. were predicting big things for the U.S. dollar.
Guess what?...http://finance.yahoo.com/tech-ticker/%22best-of-a-bad-lot%22-dollar-will-soon-be-worth-as-much-the-euro-says-gary-shilling-421334.html;_ylt=Aq9yPnQQ0OKhVRi6U2ch7z67YWsA;_ylu=X3oDMTEydGluaXU3BHBvcwMyBHNlYwN0ZWNoVGlja2VyBHNsawNwbGF5dmlkZW8-?tickers=udn,uup,%5Eftse,vgk,euo,fxe
[Edit]
- Working up a sweat: Nadler shovels some heavy doo-doo --
Bizarro_Greenspan, 13:40:50 02/09/10 Tue
"While Marketwatch’s Peter Brimelow observes that dyed-in-the-wool gold bugs continue to chant ‘buy’ slogans even in the face (or especially because) of last week’s bloodletting in the markets, some of the very analysts he polls find that: “The chart damage done last week was horrible.” Martin Pring noted in his Weekly InfoMovie Report that gold "has completed an upward sloping head and shoulders pattern and has just violated the major up trend line...that suggests to me... a more protracted correction."
But wait, there is more: The Australian-based service The Privateer's famous $US 5X3 point-and-figure chart turned down and now looks dreadful. Others, meanwhile observed that: "The HUI chart stinks -- not much more can be said than that. It has to get back above 400 to generate the least bit of bullish enthusiasm."
Citigroup (CIRA) analysts released a commodities strategy research paper last week, and, boy, are they likely to be on the receiving end of some irate commentary. Curiously (not), the Citi folk have seized upon the same developments on the fundamentals side and trading positions-make up in this market which we have been pointing to (with some alarm) oh, at least since September the 1st of last year.
Namely, the research paper indicates that this gold market has recently been dominated by, and has become severely addicted to, investment (read: mostly speculative) whilst: “There is no support at current prices from mine and scrap supply (which is rising), or fabrication demand (which is plummeting), in our view.
Furthermore, the report identifies the degree to which the gold price surge in November and up to early December was almost exclusively a US dollar-based event, and how, therein lies the rub (or the makings of what we have seen since the second week of January). Citi says: “USD weakness and increased money supply has been the main driver of investment demand and speculative flows, we believe, and any strength in the USD is the main risk to prices.”
The Citi analysts go on to point out that: “The strength of investment demand over the last few years has been reflected in physical bullion and ETF demand although both are showing signs of dissipating. Investment in physical bullion has slowed sharply. ETF holdings are stable at high levels, as concerns about a global banking crisis abate.”
Most importantly however, the paper points to the same mountain of speculative paper positions which has been identified in these columns quite some time ago, and about which alarm bells have clearly been rung here:”Non-commercial net long positions are at 5x the average levels seen over the last 17 years. We see this as the major risk to gold near term.”
[Edit]
- Third-hand smoke also bad for you: study --
Sherlock, 13:39:04 02/09/10 Tue
WASHINGTON (AFP) - You know smoking is bad for you. You know inhaling someone else's smoke is bad for you. Now a US study says third-hand smoke -- tobacco residue clinging to surfaces -- is also bad for you....http://health.yahoo.com/news/afp/healthustobacco_20100209102313.html
[Edit]
- -- --
Winston, 13:29:43 02/09/10 Tue
The Latest From Germany: "Greece Must Solve Own Budget Problem"
The spokesman for Germany's coalition government has denied that Berlin is close to unveiling a plan for financial aid to fiscally-troubled Greece.
The spokesman, Ulrich Wilhelm, rejected earlier reports that a Greece package was nearly a done deal, calling them "incorrect."
Earlier this evening the Financial Times Deutschland as well as some financial wire services reported that the German government is preparing a rescue package for Greece, citing sources close to the ruling coalition.
http://www.zerohedge.com/article/latest-germany-greece-must-solve-own-budget-problem
[Edit]
- germany bailing out greece,sometimes you gotta hold your nose and turn on the hose --
Bizarro_Greenspan, 13:28:49 02/09/10 Tue
Merika has basket case regions too,that's the way it is in vast lands.
Euro gone from 67 to 1.35,these American currency debasement stunts are really wreaking havoc with the blended bumwadian grand experiment.
[Edit]
- Change Your Mind by Doug French --
Sherlock, 13:25:07 02/09/10 Tue
Despite the juiced-up GDP numbers of the last two quarters, there is no illusion that the depression is over and the boom has resumed. While GDP is reported as being positive, the employment numbers remain weak....http://mises.org/daily/4099
[Edit]
- CAN THE METAL PRICE ICON GET FIXED? -- yellowcab, 13:04:38 --
Glyndwr, 13:21:57 02/09/10 Tue
Why? - it's wrong. Check it out.
[Edit]
- @'da scene --
Eldorado (), 13:21:47 02/09/10 Tue
A sad sad performance from the pm stox today given the decent rise in the metals.Most of them haven't even gotten back up to yesterday morning highs, much less anywhere to closing athe gap from a few days ago. Heh.
Prob'ly a good time to really be watching yer arses..
Last edited by author: Tue February 09, 2010 13:22:12
Edited 1 time.
[Edit]
- Siempre33 your 05:03 --
alterfurz, 13:19:41 02/09/10 Tue
Nice find! This Sunday is "Dirndl Diving" in the pool you posted. https://cms.ttg.at/sixcms/media.php/1899/Dirndlflugtag_Roessl.pdf. Actually, I think diving into a heated pool in the winter is for wimps:
http://666kb.com/i/bgk5305k6xlwlgy1d.jpg
[Edit]
- yellowcab/ only thing worth reading? --
Sherlock, 13:17:54 02/09/10 Tue
Then help us out !
[Edit]
- Permabear1 -- ElReyXXII --
Permabear1, 13:15:09 02/09/10 Tue
Thanks for your take. That is a bit different than M-Stew's scenario that takes the HUI down to 335 later this spring and then launches upward.
[Edit]
- yellowcab --
Bizarro_Greenspan, 13:13:35 02/09/10 Tue
that wasn't very nice..
NO GOLD FOR YOU!
[Edit]
- TRE is up 9 cents. --
RIP, 13:05:58 02/09/10 Tue
Is that worth reading?
[Edit]
-
CAN THE METAL PRICE ICON GET FIXED? --
yellowcab, 13:04:38 02/09/10 Tue
I MEAN ITS THE ONLY THING WORTH READING ON THIS FORUM.
[Edit]
- -- --
Winston, 13:02:53 02/09/10 Tue
Kalidas
ALLIES? – Europeans and British people are betrayed:
The Europeans and Britain under Tony Blair sacrificed thousands of their soldiers and citizens in fighting hand in hand with Americans. Same Americans are now trying to wreck their economy by attacking their currencies in “Asian crisis” style. The American rating agencies and TV media are constantly spreading mischievous news that those countries are in trouble. The Motive: to prevent China from diverting its $800 billions reserve to Euro zone or HM Treasury of British government.
Will European Union survive?
This is a serious attack on European Union. The Americans want to break up the EU but the Europeans are just stupid not to read the writings on the wall. Look at the sequence – Iceland, Greece, Portugal and now Spain. Britain is the next one to be attacked. They were all loyalists to Americans one day. But the fact is “MONEY TALKS”. Every friendship is dispensable in love and war. Even Saddam Hussein was heroic friend of United States, who was finally hanged after destroying his beautiful Iraq in the name of WMD and democracy.
When the Europeans and British realize this hidden truth? They are really slow thinkers.
It is almost certain that “United States is technically bankrupt”. The Tsunami has arrived, just a few hundred miles away. Its all over, will be the verdict of the world after a few months. Next few months will bring the world closer to WORLD WAR III. When the war starts world over, the first casualty will be Internet and electronic banking. Look at Google and China. Go for GOLD and SILVER in physical form, not paper contracts, passbook gold or ETF.
http://www.anilselarka.com/
[Edit]
- Permabear1 --
ElReyXXII, 12:56:44 02/09/10 Tue
HUI... new highs... then 550-600+
the more the merrier (but we need to confirm the recent lows by closing above that HUI 402 area.)
[Edit]
- --currency instability, or currency wars?? --
Winston, 12:55:38 02/09/10 Tue
From last week but still applicable...
Only a day before I have warned “Serious currency wars are going to be major feature in second quarter of 2010. BEWARE”. And it turned out to be true within a day. Now watch the following event which happened in quick succession...
http://www.anilselarka.com/
[Edit]
- POG is still following the SMs --
RIP (), 12:53:19 02/09/10 Tue
Tick for bloody tick.
This is getting boring.
Last edited by author: Tue February 09, 2010 12:53:50
Edited 1 time.
[Edit]
- They --
Carmack, 12:53:10 02/09/10 Tue
devise the plan sooo are the default front runners! Difficult to not be profitable !
I bet -- Sherlock, 12:09:33 02/09/10 Tue
Goldman Sackus got the news first.
[Edit]
- -- --
Winston, 12:47:39 02/09/10 Tue
the whole world is busy gorging on yet another phase of policymaker sponsored & excess liquidity enabled 'buy fest', which is YET AGAIN designed to fool us into mistaking YET ANOTHER Ponzi Bubble for a real, genuine, sustainable and broad-based economic recovery." Bob Janjuah @ zero hedge
[Edit]
- Sinclair has less than a year to hit the $1650/gold mark -- Jasper, --
ROAN, 12:44:32 02/09/10 Tue
Eleven months is a long time, I would not count out a jump to that price before then. JMVHO.
[Edit]
- Frustrated - 3 days is a whole world of time on Wall Street --
APOLLO, 12:40:50 02/09/10 Tue
but yes, there are indications had in watching I suppose - still, its a little like driving through the rear-view mirror & there is nothing to tell you where they are hedged.
[Edit]
- Raja - PS - Woodside. --
Glyndwr (), 12:39:21 02/09/10 Tue
Been watching it for years. Nice view here. http://ca.finance.yahoo.com/charts?s=WOPA.BE#chart1:symbol=wopa.be;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined bbl (Edit - this in EUR).
Last edited by author: Tue February 09, 2010 12:43:39
Edited 1 time.
[Edit]
- CMX --
Romanov, 12:38:19 02/09/10 Tue
Looks like my 100% accurate bottom indicator kicking in, only get it once or twice as year:
Date Posted: 14:12:17 02/05/10 Fri
Author: Romanov
Subject: CMX
Some small nibbling by big buyers. Have two indicators that say we've bottomed, one has been 100% accurate.
[Edit]
- Lunch time ! --
Sherlock, 12:36:21 02/09/10 Tue
This is going to be a fast lunch. Can't take your eyes off this crazy market for very long !....http://www.youtube.com/watch?v=laO91yhxobc&NR=1
[Edit]
- Apollo... --
Frustrated, 12:34:51 02/09/10 Tue
it still looks to me like the USD is only in a 3 up with
another down and up to go...
thinking it holds 77.60 or so on any pull-back...
but as always, we see...
http://stockcharts.com/h-sc/ui?s=$USD&p=D&st=2008-02-16&id=p96568570834&a=146893415
[Edit]
- Woodside Petroleum --
SquirrelsAtWork, 12:33:28 02/09/10 Tue
Mr. Raja, it appears that StockCharts does not carry that company’s chart. You will need to go to BigCharts and use WPLDF or WOPEY. If you are with Schwab, it comes up as WOPEY. You will need to do further research to determine which one you are interest in. Good Luck!
[Edit]
- Greece --
Hambone, 12:33:20 02/09/10 Tue
Well, that's good.
Let's see, that only leaves Spain, Italy and Portugal, I think.
Hot money is really moving around. This is getting schitzoid.
[Edit]
- APOLLO --
Frustrated, 12:31:14 02/09/10 Tue
always keep an eye on them just to see which way they are going...
...they are only 3 days old by the time we get them
[Edit]
- In the great game of chicken --
RIP, 12:28:50 02/09/10 Tue
...the Germans just chickened out.
The funds and IBs will just move along to another target.
[Edit]
- Marc Faber says --
siempre33, 12:28:34 02/09/10 Tue
...the U.S. would be rated "junk" if it were a company!
[Edit]
- HUI goldies -- ElReyXXII, --
Permabear1, 12:26:56 02/09/10 Tue
What do you have for an upside target? On the HUI, for example.
[Edit]
- How predictable.. --
Glyndwr, 12:26:02 02/09/10 Tue
Just more fuel for GTDM's (eventual) rocket. bbl
[Edit]
- Germany working on Greek rescue plan: reports --
Sherlock, 12:24:38 02/09/10 Tue
By William L. Watts, MarketWatch
LONDON (MarketWatch) -- The German government is working on a rescue package for Greece, according to a published report....http://www.marketwatch.com/story/germany-working-on-greek-rescue-plan-reports-2010-02-09
[Edit]
- Got the greed? Buy Hecla! --
ballgame, 12:22:22 02/09/10 Tue
http://www.fool.com/investing/value/2010/02/09/fearful-stocks-for-greedy-investors.aspx
[Edit]
- Frustrated - yep, it was into resistance per Philbond --
APOLLO, 12:19:48 02/09/10 Tue
its always a little dangerous to infer too much by COTs - they are outdated by time you get them & there are hedging strategies that can skew assumptions.
[Edit]
- HUI goldies --
ElReyXXII, 12:18:27 02/09/10 Tue
Well ok, took out that intraday high at 390.
Really want to see that little 4th wave high exceeded in the 403 area.
So, far so good (the nasty little up and down ride against my positions seems to be just about over), onward and upward.
I love it when a plan comes together....
[Edit]
- Good politics by Germany if you thing about their baggage --
APOLLO, 12:18:07 02/09/10 Tue
But this is a finger in the Dike & now Portugal/Spain/Ireland put their hands out & say "more please". Euro bounce will be $1.39 & then get short again.
[Edit]
- @ So Another Basket Case Greece Gets A Free Welfare Package ... --
MoreGold, 12:17:08 02/09/10 Tue
And the entire financial market CELEBRATES ...
Can anyone make sense out of this Lunacy???
[Edit]
- I managed to pick up some AUY,GSS and UXG --
Sherlock, 12:16:48 02/09/10 Tue
But I had a big order in on HL at $4.68 just before the news hit. Now it's $4.91 Missed it !
[Edit]
- WPLDF --
Raja, 12:14:46 02/09/10 Tue
It does not seem to work on Stockchart site. Any other option? Tia.
[Edit]
- APOLLO --
Frustrated, 12:14:13 02/09/10 Tue
there were some big short bets on the USD by the commercial
traders...
short 52K long 6K
8.66 to 1
long to short...
[Edit]
- beware gifts bearing greeks --
2bro2b, 12:13:49 02/09/10 Tue
http://www.cpyu.org/files/3D%20Reviews/Spring%202007/Trojan%20Pleasure%20Pack%20-%20hires.jpg
[Edit]
- Greece package --
Sherlock, 12:11:57 02/09/10 Tue
Euro-peons are getting another lube job. Bend over and take your medicine !
[Edit]
- Ah-hah! ..Greecing the piigs are they --
Jasper, 12:11:22 02/09/10 Tue
[Edit]
- I bet --
Sherlock, 12:09:33 02/09/10 Tue
Goldman Sackus got the news first.
[Edit]
- HL ... --
Frustrated, 12:07:26 02/09/10 Tue
gap fill 5.11
13 day EMA 5.03 (mental stop for me if it goes above)
[Edit]
- Greece package? --
RIP, 12:07:15 02/09/10 Tue
I don't like the sound of that.
Nope.....not at all.
[Edit]
- Saved by the Germans --
Sherlock (), 12:04:59 02/09/10 Tue
Just when the market was beginning to tank !--Germany formulates Greece aid plan: report--By William L. Watts
LONDON (MarketWatch) -- Germany is planning an aid package for Greece, FT Deutschland reported Tuesday, citing ruling coalition parties. The proposed package includes both bilateral aid as well as European Union-coordinated measures, the newspaper said.
Last edited by author: Tue February 09, 2010 12:07:39
Edited 1 time.
[Edit]
- Germany announced they will come with a Greece package --
APOLLO, 12:04:35 02/09/10 Tue
they're crazy, but probably have no choice & are probably indemnified by other EU members - worthless as it is. Anyway, Euro shorts are getting creamed.
[Edit]
- Pittsburgh really battles a snowstorm....with wounded. --
RIP, 12:03:58 02/09/10 Tue
...Tweeting motorists weren't the only ones complaining. Pittsburgh Parking Authority meter readers who were told to shovel snow around public garages weren't happy about that, either.
"They are doing jobs that are to be done by facility operators from the Teamsters union," said Shawn Beck, union steward for the American Federation of State, County and Municipal Employees Local 2719.
"They're not getting the training that they need to be shown how to properly shovel snow. ... They're not getting trained in how to lift 50-pound bags of salt.
"One's already down ... with an injury," he said, "and I've got more wounded people coming in."
http://www.post-gazette.com/pg/10040/1034507-258.stm
Via IOZ
[Edit]
- 11:30 jump - news? --
Glyndwr, 12:02:24 02/09/10 Tue
Only thing I can see were the Bill auctions. http://www.bloomberg.com/markets/ecalendar/index.html
But coverage was good, so? bbl
[Edit]
- Hey what's up ? --
Sherlock, 11:57:33 02/09/10 Tue
Somebody say something!
[Edit]
- XAU... --
Frustrated, 11:57:26 02/09/10 Tue
13 day EMA 155.75
[Edit]
- And away we go ! --
Sherlock, 11:55:20 02/09/10 Tue
Nothing like a printing press !
[Edit]
- Yeah, More easy money --
Sherlock (), 11:52:13 02/09/10 Tue
More easy money uuntil 2012 says Bullard. Plus EU said that they can support Greece. Germany is preparing a relief package for Greece !
Last edited by author: Tue February 09, 2010 11:54:13
Edited 1 time.
[Edit]
- Was that strange? --
Sherlock (), 11:46:38 02/09/10 Tue
No real news for that quick spike. Market is really touchy, so there must have been some kind of rumor.... Maybe this ? Fed's exit may leave rates low until 2012: Bullard...http://www.marketwatch.com/story/feds-exit-may-leave-rates-low-until-2012-bullard-2010-02-09
Last edited by author: Tue February 09, 2010 11:48:04
Edited 1 time.
[Edit]
- Looked weak earlier, relatively. --
Glyndwr, 11:45:07 02/09/10 Tue
Now outstripping forex with this bounce. I guess some more news just released. Prolly the Greece chit.
[Edit]
- Wow - lookit that. --
Glyndwr, 11:41:58 02/09/10 Tue
[Edit]
- WPLDF - Woodside Petroleum Ltd --
SquirrelsAtWork, 11:40:30 02/09/10 Tue
[Edit]
- I'm surprised CDE ... --
Frustrated, 11:40:12 02/09/10 Tue
is holding up so well...
[Edit]
- What just happened? --
Sherlock, 11:39:49 02/09/10 Tue
What a come back !
[Edit]
- terrible tues not so terrible... --
Frustrated, 11:39:00 02/09/10 Tue
HL...back in at 4.71...but I doubt it will take kindly to any
further decine in the POS...
13 period EMA on the hourly currently 4.71 but that can
change pretty quickly...
even bought a wee bit of the really smelly smelly CDE...
but won't be holding it long...
UNG...bought and sold ...looking for 9.48 ...won't chase it up
from there...
[Edit]
- S&P lowers ratings outlooks for Bank of America, Citigroup --
Sherlock, 11:35:26 02/09/10 Tue
Future government bailouts may not help bond holders, rating agency warns--By Alistair Barr, MarketWatch
SAN FRANCISCO (MarketWatch) -- Standard & Poor's cut ratings outlooks Tuesday for Bank of America Corp. and Citigroup Inc., saying that if the federal government bails out the banks again, it may be less likely to do the same for their bond holders....http://www.marketwatch.com/story/sp-cuts-b-of-a-citi-outlook-on-bailout-concern-2010-02-09
[Edit]
- Woodside Petroleum --
Raja, 11:34:18 02/09/10 Tue
Would someone please post the stockchart symbol for this stock? Tia.
[Edit]
- Financials feeble --
Sherlock, 11:31:13 02/09/10 Tue
Without their leadership this little Trichet rally will fade.
[Edit]
- DJ 10,000 --
Sherlock, 11:16:32 02/09/10 Tue
PPT wants it back, but it's not going to be easy . Lot's of short- term traders want their profits. They don't trust this market . And who can blame them?
[Edit]
- @ Crapex Usual Shit ... Check --
MoreGold, 11:12:56 02/09/10 Tue



[Edit]
- Hecla countdown --
Sherlock, 11:09:21 02/09/10 Tue
$4.73
[Edit]
- From Mr. Daryl Schoon's latest --
Jasper, 11:01:13 02/09/10 Tue
WHERE ARE YOU?
Hoping for change, Americans voted for Barack Obama and instead got more of the same, the same foreign policy, the same bankers, the same problems. If voting doesn’t lead to change, the question then becomes, what will?
Of Dingleberries*, Presidents and Things
The President to the dingleberry did say
Please stick with me the rest of the way
And you will certainly find
That all will be fine
If you stay to the end of the day
The dingleberry recalled
And indeed was appalled
That he’d heard such words before
From the right and the left
They’d left him bereft
Words that could come from a whore
There does come a time
When the light finally shines
In even the darkest of places
That no matter who wins
No matter the spin
You’re screwed by political races
So the dingleberry did think
It was beginning to stink
And began to see where he had been
He resembled a stool
Played for a fool
And saw the trouble he’s in
Unless dingleberries unite
And together do fight
The politicians and banks who own them
At the end of the day
Argue they may
They deserve the toilet that awaits ‘em
[Edit]
- Crisis? What crisis? --
Sherlock, 10:58:34 02/09/10 Tue
By David Weidner, MarketWatch
NEW YORK (MarketWatch) -- That blip in your 401(k) was just a momentary hiccup.
You know the one; it erased half of your retirement savings before last year's bull market recouped some of the damage. Too bad many of you dropped out of the market near its lowest point....http://www.marketwatch.com/story/wall-streets-latest-contagion-goes-global-2010-02-09
[Edit]
- AZAU, 10:44:12 02/09/10 Tue yes you are very lucky to have me tell you how blind you are --
LilDevil (), 10:57:03 02/09/10 Tue
..
.
Whatta Ego, Whatta shoulder! Whatta Giant.
Your unlinked post(s) vs Chandra? vs the HST....
Sorry, NOT GOOD ENOUGH, son.
"...None of the data from chandra proves otherwise..."
YOU NEVER even actually analyzed Chandra data, HAVE YOU? Tell the truth now.
Start Here:
http://chandra.harvard.edu/
Last edited by author: Tue February 09, 2010 11:06:15
Edited 1 time.
[Edit]
- Lildrivel...........yes you are very lucky to have me tell you --
AZAU, 10:44:12 02/09/10 Tue
how blind you are. The fact that everyone believes something because of slick illusions is a very old game, in which a few gain power. None of the data from chandra proves otherwise...that people are fooled over and over again into believing what they want to believe, regardless of INDEPENDENT REALITY.
FOOLS! You are blocking my light, get out of the way.
[Edit]
- Hecla countdown --
Sherlock, 10:31:31 02/09/10 Tue
$4.78... Lots of profit taking right now.
[Edit]
- Sinclair has less than a year to hit the $1650/gold mark --
Jasper, 10:29:15 02/09/10 Tue
January of 2011 is his target.
Looks like he could of lost the $m bet.
[Edit]
- AZAU @ "...Your pathetic dogmatism reflects your ptolemaic subservience to techno-religion?..." --
LilDevil, 10:27:43 02/09/10 Tue
Nice try. Nice BIG words too! lol.
How about you try to refute the evidence gathered by the Chandra X-ray Observatory, HST, Spitzer Space Telescope etc instead?...
Lets see the HST etc and all the astrophysicists are all wrong/lying but AZAU somehow knows the real truth.
Lucky us.
[Edit]
- "More Empires Have Fallen Because Of Reckless Finances Than Invasion" --
oilboiler, 10:24:52 02/09/10 Tue
http://www.washingtonsblog.com/2010/02/more-empires-have-fallen-because-of.html
[Edit]
- U.S. job openings, layoffs rise in December --
Sherlock, 10:23:30 02/09/10 Tue
By Rex Nutting
WASHINGTON (MarketWatch) -- The total number of open jobs in the United States ticked higher in December to a seasonally adjusted 2.50 million, the Labor Department reported Tuesday. Net employment fell by 165,000 in December from November, with hiring falling 1.3% to 4.07 million and separations from jobs declining 0.8% to 4.24 million. The number of workers who quit their jobs voluntarily dropped 0.8% to 1.76 million in December, while layoffs increased 3.4% to 2.08 million. Compared with a year earlier, job openings fell 22.5%, separations declined 14.5%, and hiring fell 9.6%. With unemployment at 15.3 million in December there were 6.1 job openings for every person looking for a job.
[Edit]
- lil drivel.........the Robertson Walker Metric is flawed beyond hope...... --
AZAU, 10:21:56 02/09/10 Tue
upon which big bangers rely...or is it Re-Lie?
The Robertson Walker metric relies on expansion, the only proof for which is red shift, which has many other possible explanations. It's logical flaw is that it at once relies on outside empiricism whilst being "inside" the phenomenon itself. Why isn't the solar system expanding or any material objects, for that matter? They try to tell you that the space between galaxies is expanding whilst the galaxies themselves are not.
Scwarzschild is a theoretical construct and not proven to be actualized into black holes. In fact, the theory says that a black hole will take forever to form. All those pretty pictures you post are not sufficient proof of a black hole.
[Edit]
- Some observations from the charts --
ElReyXXII (), 10:20:52 02/09/10 Tue
Over the weekend I looked at charts of all the PM stocks I follow. I looked at them as candlestick charts and was looking for stocks that held the 2/1 lows and did not make new lows 2/4-2/5. Only a few made a small list FCX, IAG, KGC, MFN, NEM, NAK but they also held their on-balance-volumn lows and non-confirmed the gold indexes RSI readings.
EGO which did make a new price low saw it's OBV and RSI values hold.
NG, NovaGold however was the only stock I saw that actually has posted a new high reading in OBV.
Also noticed the HUI on a 60 min chart and saw that the candlesticks showed wiskers on all probes under the 370 level. I didn't expect to see that on an hourly chart. Once we clear yesterday's high in the 390 area and, what I think was the little 4th wave up, in the 402 area then the low at 365 area will be confirmed as the end of the correction and we'll be confidently on our way to new highs (550-600+ HUI).
Added EGO, IAG, NG, HL. (and for my effort ended the day in a small margin call - although it will go away tonight, I can't do anything else today but watch. So far a good show, though. Let's see if 390 can be exceeded.
all the best....
Last edited by author: Tue February 09, 2010 10:21:50
Edited 1 time.
[Edit]
- Hecla count-up --
Sherlock, 10:20:29 02/09/10 Tue
$4.89 up 7%
[Edit]
- lildevil............wrong. they are conjecture. the dogma --
AZAU, 10:14:05 02/09/10 Tue
builds upon itself adinfinitum. There is but suggestive evidence, not proof of their existence. Your pathetic dogmatism reflects your ptolemaic subservience to techno-religion, just like in galileo's day. Are you a high priest of the Dog Ma?
[Edit]
- Well........ --
Hambone, 10:11:11 02/09/10 Tue
The options I'm watching say this rally is near its high for the day.
[Edit]
- AZAU -- Dismisses Proven Natural Phenomenon --
LilDevil (), 10:04:07 02/09/10 Tue
with a stroke of his keyboard...lol
"........This belongs in file 13 with big bangers and black holers. ........."
Sorry tapping onna plastic keyboard CANNOT destroy a black hole.......lol
Black holes are FACT.
Todays Homework assignment:
http://www.space.com/common/media/video/player.php?videoRef=SP_100127_black-hole
http://www.nasa.gov/mission_pages/chandra/news/10-001.html
Next!
.
Last edited by author: Tue February 09, 2010 10:11:04
Edited 2 times.
[Edit]
- The LOGICAL FALLACY is that banksters or politicians can somehow --
AZAU, 10:02:54 02/09/10 Tue
create wealth.
They only consume and destroy it, whilst taking their own share as it dies. As Termites and Parasites, they destroy any host to which they attach themselves. That would be YOU.
[Edit]
- more snow for washington!! --
mugwump, 10:02:25 02/09/10 Tue
good!! keep the lousy congress at home!!
http://news.yahoo.com/s/ap/us_winter_weather
[Edit]
- aha! Bankster Parasites after the "deadbeat" debtors....... --
AZAU, 09:56:47 02/09/10 Tue
That they themselves CREATED!
THE ULTIMATE SELF LICKING ICE CREAM CONE!
_____________________________________________
Why Sovereign Debt Pain Has Only Just Started
cnbc
On Tuesday February 9, 2010, 8:57 am
Let's play a game. I'll remove a few words from the following piece of debt market research and you guess which country the strategist author is talking about.
"The country urgently needs a credible and enforceable austerity plan - the worry for **** investors is that, despite all the **** posturing, politicians still fail to grasp the magnitude of the problem. Repercussions could be severe - the bond vigilantes are hovering and the backdrop is ever threatening ..."
Greece? Spain? Portugal?
Actually, it is the UK that Schroders' Head of European & UK Interest Rate Strategies David Scammell is talking about. But, quite frankly, he could have been talking about any number of countries both in the European Union and beyond. And that is the problem.
We have become used to this kind of concern at the so-called 'peripheral' euro zone members. But maybe we need to get real, even if the politicians won't, and realize that the pain has only just started in a host of Western countries.
Scammell was on "Squawk Box Europe" Tuesday reminding viewers that the rise in Greek yields recently is a clear warning that markets are in the mood to "punish any country that takes creditors for granted."
______________________________
NOW THEY ARE GOOSING THE MARKET on HOPE!
Vaporous, Vacuous, and Vapid.
[Edit]
- Trichet and the Termites will attempt to bundle all the sovereign debt into the first leg of --
AZAU, 09:52:02 02/09/10 Tue
yet another pyramid and bubble based on debt.
Don't let them do it!
Let the PONZI COLLAPSE!
They created this disaster...and now want the masses to pay yet again....
perhaps the lamppost and guillotine are suitable considerations for the peasants, as the greatest theft in ALL HUMAN HISTORY UNWINDS. The Banksters DO NOT HAVE SOLUTIONS....they only make the PROBLEM BIGGER!
[Edit]
- ho hum- rubiales hits more oil --
mugwump, 09:51:56 02/09/10 Tue
http://finance.yahoo.com/news/Pacific-Rubiales-Energy-cnw-4126266100.html?x=0&.v=1
[Edit]
- Britain's trade deficit widens unexpectedly --
doran, 09:48:45 02/09/10 Tue
http://business.timesonline.co.uk/tol/business/economics/article7020371.ece
[Edit]
- funny- kitco working on other sites --
mugwump, 09:47:40 02/09/10 Tue
http://www.321gold.com/
[Edit]
- Trichet and the Termites..........Gnawing deeper and deeper....... --
AZAU, 09:39:30 02/09/10 Tue
Musculature dwindling or gone....bone in danger now.
COLLAPSE.......the ONLY HOPE!
[Edit]
- Ophiucus...........double slit.....no need to explain..... --
AZAU, 09:37:00 02/09/10 Tue
just read Baggott. He covered it all. The copenhagenists will lead you down the rabbit hole, from which you will never return.
[Edit]
- gold appears to be --
Permabear1, 09:23:58 02/09/10 Tue
giving it all back in the early going this morning.
[Edit]
- AZAU...please explain............. --
Ophiuchus, 09:19:02 02/09/10 Tue
‘Double Slit Experiment’ as you write, “It is a human problem, not a physics problem.”
I'm quite familiar with the topic.
T.I.A.
BB around 2:00 PM. EST
[Edit]
- Notice: Terrible Tuesday has been cancelled --
Sherlock, 09:16:29 02/09/10 Tue
This day will now be called "Trichet Tuesday". __Treasurys fall as concerns about European debt ease_By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Treasury prices declined on Tuesday, pushing yields up for a second straight session, as investors felt more comfortable with the prospects for European stability, making them more willing to move holdings back into riskier assets and away from the relative safety of U.S. debt. In addition, bond traders are preparing to bid on $40 billion in 3-year notes during the session.http://www.marketwatch.com/story/treasurys-down-as-fears-about-european-debt-ease-2010-02-09
[Edit]
- dollar fades- poo commodities and gold all up --
mugwump, 09:15:54 02/09/10 Tue
should be a good day for pm stocks too
http://www2.barchart.com/mktcom.asp
[Edit]
- The parasite banksters and government only know that --
AZAU, 09:14:22 02/09/10 Tue
they need many more and fatter hosts on which to feed.
better hide that gold!
hahahahahahahahahaha!
[Edit]
- The unequal credit crunch --
doran, 09:04:42 02/09/10 Tue
The damage being wrought on small businesses by United States government policies is delaying the very recovery the government seeks. The way out of this impasse is to raise short-term interest rates. Growth will follow. - Martin Hutchinson
http://www.atimes.com/atimes/Global_Economy/LB10Dj01.html
[Edit]
- eez will auction blocks- erhe gets two free!! --
mugwump, 09:04:06 02/09/10 Tue
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46412784
[Edit]
- Winston, 23:57:29 02/08/10 Mon --
philbond007, 09:03:29 02/09/10 Tue
"Israel is preparing to invade Lebanon with massive ground troops."
My understanding is pride usually comes before a fall. Whether Israel was "testing" the grounds last time with Hizballah or not is irrelevant, what's relevant is the "desired" outcome didn't materialize. Now they're scrambling to save face as Lebanon's economy's & tourism are on fire, and their banking system is rock solid.
There will be no Palestinian solution in Lebanon, as the Lebanese all agree that Palestinians "must" return to their homeland, and will not be given citizenship. Palestinians will not repeat past mistakes in Lebanon, and trusting the Christians/Sunni's & Druze in Lebanon's like a Jew telling you to:
Trust me!
Whatever the cost to Lebanon, and it'll likely be significant, Israel will fail again.
[Edit]
- scorpio shareholders ok acquisition --
mugwump, 09:02:24 02/09/10 Tue
http://finance.yahoo.com/news/Scorpio-Announces-Results-of-cnw-2806272909.html?x=0&.v=1
[Edit]
- Vietnam as Asia's first domino --
doran, 09:02:20 02/09/10 Tue
Businesses and citizens in Vietnam are showing an increased determination to hold gold or US dollars rather than the local currency, pointing to distrust of the government's ability to handle the economy. History shows that where locals set the lead, foreign sentiment often follows. - Shawn W Crispin
http://www.atimes.com/atimes/Southeast_Asia/LB10Ae01.html
[Edit]
- Gold Climbs Toward $1,070 as Dollar Slips --
Sherlock, 08:59:32 02/09/10 Tue
By: Reuters
Gold prices rose in Europe on Tuesday as the dollar weakened versus the euro amid speculation a rescue plan for struggling Greece may be arranged soon, enhancing the precious metal's appeal as an alternative asset...http://www.cnbc.com/id/35305705
[Edit]
- There you have it...only demonstrating conclusively that the banksters --
AZAU, 08:59:07 02/09/10 Tue
are now in COMPLETE CONTROL.
You had better hope, nay, pray, for a collapse of this heinous bankster domination. Otherwise it is SLAVERY. There is yet a ray of hope, that the dominoes will fall, and people can start anew...but it grows remoter by the day.
___________________________________
By Carlo Piovano, AP Business Writer , On Tuesday February 9, 2010, 5:47 am EST
LONDON (AP) -- European stocks rose cautiously Tuesday on hopes that EU officials will provide Greece with some form of support to handle its mountain of debt and keep the market crisis from spreading to other vulnerable countries.
Although the European Investment Bank said Tuesday it would not be able, according to its own rules, to offer Greece or any other country a bailout, investors are betting that a meeting on Thursday of EU heads of state will address the market's worry about sovereign debt.
______________
Sovereign Debt?
Induced by Guess Who? BANKSTERS in their ownership of the government, and their extraction of wealth vicariously from the people through this sovereign debt creation.
Praey for Collapse!
[Edit]
- Coca-Cola, Caterpillar, Greece Boost Futures --
Sherlock, 08:57:19 02/09/10 Tue
By: CNBC.com
U.S. stock index futures are pointing to a higher open Tuesday morning on some positive news from two key Dow components.
The indication higher comes a day after a last-hour selloff pushed the Dow to its first close below 10,000 since November, and the S&P 500 to a fresh three-month closing low as well...http://www.cnbc.com/id/35308219
[Edit]
- How Goldman Sachs Helped Greece to Mask its True Debt --
Nuggets, 08:55:43 02/09/10 Tue
http://www.spiegel.de/international/europe/0,1518,676634,00.html
[Edit]
- Stupid Euros...........minding the deck chairs on the Titanic... --
AZAU, 08:47:21 02/09/10 Tue
bravo!
Down the TEWBS!
and take the banksters with ye!
[Edit]
- Let me reiterate...........no rumour is confirmed until officially denied...... --
AZAU, 08:43:39 02/09/10 Tue
The goddamned banksters already had this set up to bailout Greece. They will never stop with their absolute dominion and enslavement of the entire human population.
Stock futures climb ahead of opening
Stock futures rise a day after Dow closes below 10,000 for first time in 3 months
By Stephen Bernard, AP Business Writer , On Tuesday February 9, 2010, 8:02 am
NEW YORK (AP) -- Stock futures are pointing to a higher open Tuesday as hopes grow the European Union will provide Greece with some support for its mounting debt burden.
Stocks have been tumbling in recent weeks -- the Dow Jones industrial average closed Monday below 10,000 for the first time in three months -- on concerns that growing debt problems in places like Greece, Portugal and Spain will spread to larger countries and upend a global economic recovery.
EU officials are meeting Thursday. It is expected they will address the worries about sovereign debt.
_____________________
As I said two weeks ago: it is fait accompli.
how stupid can people be.
In return, the banksters take even more power.
yes, the "YOKE IS ON YOU!"
[Edit]
- so from Dr. Phil's charts the answer appears to be --
Nuclearson, 08:26:13 02/09/10 Tue
"maybe"
[Edit]
- Glyndwr.........I rather like Jim Baggott in his closing remarks of --
AZAU, 08:16:10 02/09/10 Tue
his book: "The meaning of quantum theory",
wherein he succintly presented my argument against the copenhagenists. In sum, he said "if you find the theory difficult to understand, this is the theory's fault, not yours".
Read it, it is worth the time, and you will come away clear.
[Edit]
- Few charts --
philbond007, 08:12:47 02/09/10 Tue






[Edit]
- AZAU - I respect your brain. --
Glyndwr, 08:05:12 02/09/10 Tue
Would love to look at alternatives, if you know of any links. Thx. bbl
[Edit]
- Faber...........GDP yield of -.60 signifies parasites have overwhelmed the host.... --
AZAU, 08:03:23 02/09/10 Tue
Now its debt to death.
it's over folks.
no recovery from that.
stimulus indeed. merely a ruse for the final run of the parasites to drain what is left.
head for the hills.
[Edit]
- so is this it? is the correction over? --
Nuclearson, 08:01:31 02/09/10 Tue
[Edit]
- Glyndwr...I tried a gentle reproach, but you seem to think I need more of the --
AZAU, 07:59:06 02/09/10 Tue
bullshit you posted. I know all about that measurement problem. It is very old ground for me. It is a human problem, not a physics problem. You can wrap yourself around that and never return. Bohr and his cohort ruined physics forever with that bullshit. Get out whilst you can.
There are alternative theories. This belongs in file 13 with big bangers and black holers.
file it NOW!~
[Edit]
- Once upon a time....the people had gold to protect them from --
AZAU, 07:55:13 02/09/10 Tue
banksters and their scams, and from parasitic government. Then gradually, they were divested of the their gold by the conspiracy of banksters and government, through central banksterism. This went on long enough that the people thought government protected them from the banksters, but in reality they became one and the same, through the central banksters. Now the people, no longer with any gold, are facing their own demise at the hands of the duopoly of banksters and government. It's over.
Down the TEWBS!
[Edit]
- Looks like a less boring day ahead. bbl --
Glyndwr, 07:54:11 02/09/10 Tue
[Edit]
- Glod now $1078 --
Glyndwr, 07:47:34 02/09/10 Tue
[Edit]
- Not sure why, but EUR strengthening rapidly here --
Glyndwr, 07:45:54 02/09/10 Tue
[Edit]
- Some short Wimps n' stuff --
Glyndwr, 07:34:45 02/09/10 Tue
Global internet speeds and cost http://www.dump.com/2010/01/08/japan-is-fortunate/
Mexico's crystal cave (It's gypsum, btw) http://www.wimp.com/crystalcave/
Net censorship http://www.wimp.com/internetcensorship/
Kissing test http://www.wimp.com/kissingtest/
Glass music http://www.wimp.com/glassmusic/
Bullwhip (btw the 'crack' is a mini sonic-boom) http://wimp.com/bullwhipcracking/
Mr. Bean at the cinema http://wimp.com/beancinema/
[Edit]
- * Glyndwr..............ah, ha.......humans are all too easily fooled into -- AZAU --
Glyndwr (), 07:33:09 02/09/10 Tue
??? This is a well known 'impossibility', (much discussed by the world's top physicists), unless it's accepted the attention of an observer dictates the result.
Look up 'the measurement problem' for more.
Last edited by author: Tue February 09, 2010 07:33:44
Edited 1 time.
[Edit]
- -- --
Winston, 07:33:06 02/09/10 Tue
marc Faber says that
the GDP growth from each $1 of new total debt has dropped from $0.25 to -$0.60. (minus 60 cents).
[Edit]
- Glyndwr..............ah, ha.......humans are all too easily fooled into --
AZAU (), 07:20:18 02/09/10 Tue
thinking that they have something to do with natural behaviour in the physical world. This makes it much more convenient for the PTB to confuse the poor ignorant masses. The whole of QM can be studied as a physical phenomenon, or one can wander off into the weeds of human philosophy, from whence one may never return. The clip you posted only serves to feed the muse and the philosophers, so they can pontificate on physics.
meta-physics only. Staring at your navel, into infinity, forever.
hahahahahahahahahahahahahhahahahaha!
Last edited by author: Tue February 09, 2010 07:21:25
Edited 1 time.
[Edit]
- Consciousness (Attention) creates Reality --
Glyndwr, 06:49:59 02/09/10 Tue
The Double-Slit experiment http://wimp.com/doubleslit/
[Edit]
- nuggets .. --
Delta-au, 06:44:13 02/09/10 Tue
ok, lets email / skype to see if a "fest" is possible ..
bbl ..
[Edit]
- alterfurz - Thanks. Austria's beautiful. --
Glyndwr, 06:37:45 02/09/10 Tue
[Edit]
- Something funny with the Kitco toolbar thingy.. --
Nuggets, 06:30:09 02/09/10 Tue
I could only post when I shut it down..yesterday I was having problems with financial transactions until I shut it down...might blow it away...
[Edit]
- Delta...Wycheproof?.......jeez..went to a dance there --
Nuggets, 06:27:40 02/09/10 Tue
in the 60's.....
They play good Banjo's....
Would be good to catchup with Ianmac & yourself, but after the 4" of rain, all our produce is ready to pick, We have a ton of raspberries almost ready & I have to defend them against the Bower birds...
[Edit]
- Home prices on course to set record highs --
Skinee, 06:27:21 02/09/10 Tue
Toronto @ Vancouver
http://www.theglobeandmail.com/report-on-business/home-prices-on-course-to-hit-record-highs-in-2010/article1460606/
[Edit]
- Ianimac that got me laughing alright....Catholic university contradiction in terms...so true! --
WIFFO, 06:15:59 02/09/10 Tue
On a wide and sober note......I realy dont think that it is the interests of TPTB to let this stockmarket down much any further.........not till the next flip of the giant vampire squids comes due. The flip being USD INDU commodities other currencies .......gotta keep the balance
Deflation.............qui bono?
[Edit]
- Iainmac .. --
Delta-au, 05:57:38 02/09/10 Tue
great, we'll catch up with you .. mobile is unchanged ..
this time, we'll make it for more than a hurried lunch ..
..
[Edit]
- Delta --
Iainmac, 05:50:08 02/09/10 Tue
Excellent, I'm in Gosford till the 22nd or so (well, Gordon, driving there every day - never fail to catch my breath as that Hawkesbury view comes in...)
[Edit]
- WIFFO, UWA --
Iainmac, 05:44:08 02/09/10 Tue
lectured for them, enjoyed it. Was offered a job with Notre Dame Uni in Freo, but when I went for a look around there were sacred bleeding hearts and tortured crucifixes in every classroom, no place to teach, said a polite goodbye, without mentioning Bertrand Russel's comment that a Catholic University was a contradiction in terms......
[Edit]
- Hey, Aussies --
Iainmac, 05:37:35 02/09/10 Tue
Delta, Nuggets, WIFFO, et al - I'm still in steak and kidney, heading to M'bourne in the next week or so, gonna be workin with the Australian of the Year! (Mate of mine from way back asked me to work with his mob, so here I go....)
Catch up with you all soon - bit of flux here. Sold a shedload of goldies early Jan, will buy back when I think we've bottomed.......
[Edit]
- meanwhile .. --
Delta-au, 05:37:10 02/09/10 Tue
nuggets wants to moove .. here's the shack ..
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106284686&f=20&p=10&t=res&ty=&fmt=&header=&cc=&c=48912835&s=nsw&tm=1265711271
[Edit]
- let inflation rip!! --
mugwump, 05:36:54 02/09/10 Tue
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2010/02/08/let-inflation-rip-save-greece.aspx
[Edit]
- canacol capex for SA ops --
mugwump, 05:31:26 02/09/10 Tue
http://www.rigzone.com/news/article.asp?a_id=87187
[Edit]
- ithaca initiates athena project --
mugwump, 05:29:55 02/09/10 Tue
http://www.rigzone.com/news/article.asp?a_id=87130
[Edit]
- pay attention!! china cic US equity stakes --
mugwump, 05:26:32 02/09/10 Tue
http://finance.yahoo.com/news/Chinas-CIC-gives-breakdown-of-rb-1108479743.html?x=0&.v=1
[Edit]
- well.. --
Delta-au, 05:25:08 02/09/10 Tue
my fing PM shares are crap ..
so we're mooving ..
here's the new digs ..
Lot 35 Charlton – Thalia Rd Teddtwaddy Charlton
$14,990
2 Acres
Getley & Sons Real Estate offer for sale this 2 acre
(approx) vacant block of rural land, situated close to
Charlton or Wycheproof and surrounded by farm land it is
the ultimate location for a weekend getaway. The land has
no close services, (RE code for no power, phone, sewer,
water, or any other fing service), but it IS fenced and
you may be able to build an alternative energy dwelling
(STCA) RE code for yer never goanna get building approval
here, sucker !!!) and is only a short drive from the soon to be
refilled (RE code for drought-impoverished) Wooroonok Lakes.
At this price it is sure to sell quickly so call for an inspection.
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=7275407&f=0&p=10&t=rur&ty=&fmt=&header=&cc=&c=38836546&s=vic&snf=rbs&tm=1265710652
[Edit]
- Wounds & Super glue (thin) --
Nuggets, 05:21:22 02/09/10 Tue
Always have some in the Fridge, works great with deep cuts & if you match up the edges, leaves no scar....
[Edit]
- Ianimac.............bolivia, how long is that gonna be? --
WIFFO, 05:16:54 02/09/10 Tue
sort of like Greenland minerals ASX:GGG lots of stuff but how do ya get it ? GXY and CFU are all go. Gift prices now.
[Edit]
- siempre33 .. --
Delta-au (), 05:05:54 02/09/10 Tue
nice photo ..
(this is more politically acceptable comment)
..
P.A.C. be damned !
Last edited by author: Tue February 09, 2010 05:13:41
Edited 1 time.
[Edit]
- Hi Ianimac good to hear from ya. --
WIFFO, 05:05:34 02/09/10 Tue
I grew up Swanbourne. where the old house was is now thin air over a superfreeway. Then I moved to Cottesloe in a student wheatherboard cottage rental for $16 a week. The house that is..........ran chooks in back yard. That place gotta be worth 2.5 mil nowadays land alone!
I went to St. Louis Catholic Collage for boys and then to UWA and studied medicine from fisrt year to the bitter end.
My old family home, my primary school, even that twisted Jesuit institution my parents inflicted me with, and my old local church is all gone. It's all gone with the feckin wind!
Now there is one thing in life I know fer sure, you just cant count on on anything at all except yourself, and hope that those people you love will reciprocate.
[Edit]
- Iainmac .. --
Delta-au, 05:04:40 02/09/10 Tue
r u moving soon?
Good luck with it ..
we're heading for 2 wks @ the Hawkesbury River Thursday morning ..
..
[Edit]
- alter schlep in Austria --
siempre33, 05:03:16 02/09/10 Tue

[Edit]
- WileE .. --
Delta-au, 05:03:06 02/09/10 Tue
PT .. go for it !
btw, we're also looking at it ..
just need to convince her indoors of the merits ..
..
[Edit]
- mudturtle .. --
Delta-au, 04:57:50 02/09/10 Tue
Woodside Petroleum is heap good LNG producer ..
they will need the odd cuppla billion capital raising
to fund their huge new projects ..
but they are an outstanding company ..
Shell own about a third, they tried to buy the whole show
about 5-7 years ago, got told where they could shove it ..
Disclaimers -
.. I dooone own any WPL.AX or energy shares right now
.. so I dunno the full poop ..
.. DYODD ..
.. this info is worth eggsactly what ya paid for it .. nuffin ..
[Edit]
- WIFFO, Li --
Iainmac, 04:43:37 02/09/10 Tue
G'day, how's things - sounds a bit different from Nedlands where you are!
There's a whole desert made of Li in Bolivia....
http://boliviangringo.com/2009/07/bolivia-eyes-lithium-riches-in-spectacular-salt-desert/
[Edit]
- bought some more Galaxy mining as they are ridiculously cheap at momment --
WIFFO, 04:38:25 02/09/10 Tue
they do lithium for bateries exclusive tie up with the Chinese.
American auto industry will be using electric cars sooner than you think. Not much lithium arround
[Edit]
- schmidt --
mugwump, 04:35:07 02/09/10 Tue
Will that red line turn positive? Yes. Already the lack of economic growth inspired by weak U.S. money supply growth is evident in the economic statistics. Preliminary report on the U.S. economy for the fourth quarter of 2009 was dismal, despite the praise of journalists unschooled in economics. That weak economic growth will increase the pain felt by the Obama Regime and the U.S. Congress. With U.S. national election only nine months in the future, great pressure will be applied to the Federal Reserve. Bernanke may finally get to use that helicopter, either from which to hurl money or to seek asylum in some other land.
When the U.S. money supply again begins to grow rapidly, $Gold will advance. In the mean time, when selling pressure on $Gold becomes intense, investors should add to their positions. Investors living in currencies other than U.S. dollars should be adding to Gold positions during this period of currency turmoil. The EU is not going to dissolve, but using Gold to safeguard wealth from currency turmoil and tax collectors gone berserk seems like a good idea.
[Edit]
- palha --
mugwump, 04:26:47 02/09/10 Tue
Looking further down the line (7-12 months ahead) there are going to be many opportunities in the commodity's sector as the world’s central governments are going to continue to destroy their currencies. Furthermore, supplies of many key commodities are declining across the board. The precious metals sector is certainly going to shine strongly over the long term as central bankers are creating new money at a mind numbing rate. Many countries will have to restrict their mining activities because of electricity shortages; this is yet another factor that will come to play when the dust finally settles down. There are so many overwhelming reasons to support a very strong sustained rally in the commodities sector (especially in the Energy and Precious metals sub sectors) that we would have to write a whole article just to cover them; however, when it comes to the general markets there is very little to support a long term rally. In fact one would have to really push ones imagination in an attempt to find evidence that supports a long term rally in the markets.
Thus patience is warranted for many sectors that have rallied since March 09 are rotten to the core and will crumble once reality sets in.
An ounce of patience is worth a pound of brains.
Dutch Proverbs, Sayings of Dutch Origin
[Edit]
- mudturtle........supaglue great idea for wound closure --
WIFFO, 04:23:24 02/09/10 Tue
mark you the stuff does contain arsenic, but dats a slow poison, and you'll prolly outlive it!
Gotta good point about the medical system though.
When I was involved with medicine it was ultimately important never to be wrong. The lawyers jacked up the ultimate cost to the consumer. Proving your right comes at a medical cost in more often painful tests and fees, but that never detered the "best " doctors, they had egos to feed.
I always thought most of them would do very well in the gestapo. Most people involved in medicine are altruists at heart, but the demands of the "system" leave little room for human error, and the drug companies have a huge influence over recomended therapies, so what choice do they have?
Here's something for ya............about a year ago I was feeling realy crook, thought I had dengue or malaria so my angel persuaded me to go to the local clinic. I gave the little girl at the desk my case history and I was dirrected to the blood test table. My blood sample was centrifuged and microscoped and I was told to wait to see the doctor. After about ten patients it was my turn. The doc told me not to worry about dengue or malaria and that I prolly had a case food poisoning for which he prescribed some drugs to treat it. I picked up the presription in the same clinic and paid them 380 baht. That is about $12.50 for appointment consultation pathology tests and medication, but all on the one time and I did not have to go hither and yon. All of this took about three hours. I got well on this treatment real fast the doc got it right first off. My point is there are better ways of doing things if you can just change the system.
[Edit]
- i knew i should have bought gold!! --
mugwump, 04:19:52 02/09/10 Tue
http://www.financialsense.com/editorials/vronsky/2010/0208.html
[Edit]
- From Doran's post, truly we will be living in a 'Blade Runner' world --
Jasper, 03:38:23 02/09/10 Tue
Of course, Darpa’s got to prevent the super-species from being swayed to do enemy work — so they’ll encode loyalty right into DNA, by developing genetically programmed locks to create “tamper proof” cells. Plus, the synthetic organism will be traceable, using some kind of DNA manipulation, “similar to a serial number on a handgun.” And if that doesn’t work, don’t worry. In case Darpa’s plan somehow goes horribly awry, they’re also tossing in a last-resort, genetically-coded kill switch:
[Edit]