- All I hear is how banking stocks are doomed for failure --
RIP (), 17:50:54 11/20/09 Fri
....but when they fail, naked shorts get blamed.
Did naked shorts kill Bear Stearns, Merrill Lynch, Countrywide, Wachovia etc?
Grow a pair, eh?
What a buncha twits.
Last edited by author: Fri November 20, 2009 17:52:34
Edited 1 time.
[Edit]
- @.glod got manipulated $6.20 higher -- skys39, 17:44:37 11/20/09 Fri
yea but... this time 'they' are on our side
weeeeeeeee...!!
.
[Edit]
- put this in the 'wow' column -- skys39 (), 17:42:03 11/20/09 Fri
http://www.nomarriage.com/index.shtml
another one
OT btw..
.
Last edited by author: Fri November 20, 2009 17:43:10
Edited 1 time.
[Edit]
- - -- faloffal (), 17:41:02 11/20/09 Fri
Falogram update:
here's one at the Resistance point between 9)BASL - Blind Ali, Strange Loops and 10) Five-and-Ten ~ Game Theory...
"...for the Shamans of ancient Mexico (it is an) Energetic Fact that we are continually pushed and pulled and tested by the universe itself. It was for them an energetic fact that the universe is predatorial to the maximum, but not predatarial in the sense in injuring or exploiting others for one's own gain. For the shamans of ancient Mexico, the predatory condition of the universe meant that the intending of the universe is to be continually testing awareness... In the cognitive world of shamans, therefore, awareness is the final issue."
Casteneda 1998, Authors commentary to the 30th anniversary of "The Teachings of don Juan"
Last edited by author: Fri November 20, 2009 17:42:57
Edited 1 time.
[Edit]
- Hey...naked shorting is simply an advantageous mechanism -- RIP, 17:32:46 11/20/09 Fri
...that forces investors to make a snap decision....usually during a time of crisis.
It happens so fast...naked shorts can hardly be discerned from legit shorts.
Until settlement.
Which is why every investor must operate through a 3rd party clearer.
BTW....if naked shorts are so evil.....what is the last gold stock that was naked shorted?
Huh?
[Edit]
- In the room, the women come and go -- Iainmac, 17:27:14 11/20/09 Fri
Talking about Semafo
http://finance.yahoo.com/q?s=SMF.TO
[Edit]
- RIP - I see dollars flowing west....lol -- morbius, 17:26:18 11/20/09 Fri
Yes. And you ain't seen NOTHIN', yet. LOL
[Edit]
- Oh well....glod got manipulated $6.20 higher -- RIP, 17:21:50 11/20/09 Fri
Up about $20 from the morning low.
I guess there were no naked gold shorts.
Or....they had their azz handed to em.
I see dollars flowing west....lol
[Edit]
- Wow, I've been drawn in. -- LSteve, 17:16:25 11/20/09 Fri
OK I never said naked shorts are a, "wonderful thing."
Why are they available to a chosen few, well why does the casino get a probabilistic advantage in their games. Lets face it this market is not unlike a casino. The house gets an advantage and high rollers get comped and everybody else is on their own.
Bankrobbers go to jail. Naked shorters who can't deliever should be liquidated and sanctioned, if they break the law then they go to jail also.
[Edit]
- - -- faloffal, 17:16:12 11/20/09 Fri
HonkGong booomers puttin' cheapi dollah in gold, but candi sooon take away
winston?
discuss!
[Edit]
- See Y'all -- Sherlock, 17:09:00 11/20/09 Fri
BBMMANO ( be back monday morning at nine o'clock)....http://www.rense.com/general88/mustoss.htm
[Edit]
- - -- faloffal, 17:07:33 11/20/09 Fri
TimeWave record entry for 1955 goes to ...
Einstein, death of...
the brainiac of Space-Time
with honourable mention to THE MONKEY!
Dr.Salk, the creator of Polio vaccine
"Some 100 million people were given the vaccine during the 1950's and 1960's which was later found to be contaminated with the SV40 simian virus, a possible carcinogen"
it just gets weirder adn weirder!!
[Edit]
- - -- faloffal, 16:59:19 11/20/09 Fri
asset bubble in HonkKong growing
http://www.marketwatch.com/story/hong-kong-warns-its-time-to-ease-off-the-gas-2009-11-20
shhh, no talki 'bout peak spenda in HonkGong, big secret!!
[Edit]
- Carmack -- RIP, 16:55:34 11/20/09 Fri
Instead of LSteve....do you care to address that question to me?
I can answer it.
[Edit]
- - -- faloffal, 16:54:32 11/20/09 Fri
"gold's shocking $100-an-ounce climb over the last four weeks to a futures price above the $1,150 mark"
http://www.marketwatch.com/story/a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20
[Edit]
- Naked Shorts -- LSteve, -- Carmack (), 16:53:25 11/20/09 Fri
If naked shorts are such wonderful things then why are they available to only the chosen few ?
Defending naked shorts is like saying its great to have bank robbers to speed the demise of banks that have weak balance sheets . Basically I think you are FOS !!!
Last edited by author: Fri November 20, 2009 16:54:25
Edited 1 time.
[Edit]
- Rip/ he's not my friend -- Sherlock, 16:52:21 11/20/09 Fri
Relax. it was just an excuse to play some James Taylor music. You can go back to not having any friends now....http://www.youtube.com/watch?v=VOtaShvmySU&feature=related
[Edit]
- BTW LSteve -- RIP, 16:50:00 11/20/09 Fri
Smooth move to distance yourself from myself.
You don't need the grief.
[Edit]
- Moi....a malcontent? -- RIP, 16:47:58 11/20/09 Fri
Hardly.
It's a question of if you want the markets to operate....or if you prefer to shut them down for short term profits.
I call myself a realist.
[Edit]
- Funny ! -- Sherlock, 16:39:39 11/20/09 Fri
http://www.youtube.com/watch?v=9XNXhQ0F4dg&feature=popt17us0d
[Edit]
- RIP -- LSteve, 16:37:33 11/20/09 Fri
He's not my friend, he is an associate on a discussion board. He frequently pisses me off too. However like skinny he occasionally brings value to the table. This is why I have never called for their banning. They are our resident mal-contents and believe it or not mal-contents have their value.
[Edit]
- People would rather be snookered by a liar atop a hole in the ground -- RIP, 16:32:55 11/20/09 Fri
....than a market that makes them back up their lies.
Hey....it's your call.
I don't care if I am wrong about everything else.
I am right about the immoral ability to naked short immoral markets.
[Edit]
- - -- faloffal, 16:32:08 11/20/09 Fri
It's a New Dawn for Austria (in TimeWave)
"While Austria was not included in the Soviet sphere of influence cutting across most of central and eastern Europe, the country was earmarked for heavy economic exploitation. The Soviet Union expropriated over 450 formerly German-owned businesses; by 1955, the majority of these companies were close to bankruptcy. For the Soviets, Austria had become an economic and political liability. Austrian diplomats seized on the opportunity to build alliances with Western governments, and the ground was prepared for Austria's reintegration into western Europe. Siegfried Beer summarizes the new perspectives on this history gained after the opening up of Russian state archives"
http://www.eurozine.com/articles/2007-05-24-beer-en.html#
[Edit]
- More naked shorts -- LSteve, 16:31:54 11/20/09 Fri
Also if a naked shorter can't deliver shares in a timely manor that is fraud and he/she/it should be immediately liquidated and sanctioned.
[Edit]
- Ooh look ! -- Sherlock, 16:28:22 11/20/09 Fri
Rip's got a friend. L Steve just made his day....http://www.youtube.com/watch?v=dDzNAxpOaYo&feature=related
[Edit]
- - -- faloffal, 16:24:21 11/20/09 Fri
I thot we're closer to August then March Brian, but there's a pretty big tolerance on the thing and it's known to go backwards from time-to-time.
[Edit]
- Don't feed the Idiot -- Miro, 16:21:44 11/20/09 Fri
Let him R.I.P and not keep spreading bullshit around here
[Edit]
- LSteve -- RIP, 16:21:09 11/20/09 Fri
Shame on you for saying the truth.
Some folks.....most all folks here.....can't handle it.
[Edit]
- @ 1955 Timeline selected out-takes: -- BWP, 16:21:06 11/20/09 Fri
1955 - March 13 - MYSTO steals his daddy's Maple fer Show 'n Tell ...
1955 - March 14 - Madam Bertha opens the House of Pain
[Edit]
- half way there -- Sherlock, 16:19:51 11/20/09 Fri
Gallup Daily: Obama Job Approval...http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx
[Edit]
- Naked Shorts -- LSteve, 16:18:44 11/20/09 Fri
When I think of naked shorts I think in terms of a pricing mechanism. Without naked shorts a company can be valued on its merits and its availability or lack of availability of shares. With naked shorts a company is valued strictly on its merits. Is one right or wrong, I don't care and if we're talking about a solvent company it doesn't matter. Also if we're talking about an insolvent company then the naked shorts will put it out of business quicker, and rightly so.
[Edit]
- Don't sprain yer elbow -- RIP, 16:17:57 11/20/09 Fri
...and I won't waste time wondering.
[Edit]
- - -- faloffal, 16:15:31 11/20/09 Fri
1955 Timeline selected out-takes:
---
1955, Aug 12, Pres Eisenhower raised the minimum wage from $0.75 to $1 an hour
1955, Sep 21, The last allied occupying troops left Austria
1955, Sep 24, President Eisenhower suffered a heart attack while on vacation in Denver. The illness didn't prevent Eisenhower from being re-elected to a second term the following year.
1955, Sep 26, The New York Stock Exchange suffered $44 million loss, the heaviest one-day loss since 1929 following word that Pres. Dwight D. Eisenhower had suffered a heart attack.
1955, Nov 22, RCA Victor's made its best investment paying $25,000 to Sun Records & Sam Philips for rights to Elvis Presley, a truck driver from Tupelo, Miss.
[Edit]
- Dollar index heads to first weekly gain in three -- Sherlock, 16:13:01 11/20/09 Fri
By Deborah Levine & William L. Watts, MarketWatch
NEW YORK (MarketWatch) -- The dollar advanced on Friday, heading to its first weekly gain in three weeks versus higher-yielding currencies in Australia, New Zealand and the U.K., as a week's worth of official commentary and economic data has dampened expectations of a strong rebound from the U.S. recession.
...http://www.marketwatch.com/story/dollar-edges-higher-as-risk-appetite-wanes-2009-11-20
[Edit]
- ... it's all inna cards ... -- BWP, 16:11:49 11/20/09 Fri
"Harvard Poker Pro Says Texas Hold 'Em Can Teach Traders When to Fold 'Em"
... yeah, Harvard poker pro ... did ya ever play in Libby, ya bozo? ... get real ...
[Edit]
- No reply to what question? -- RIP, -- Glyndwr, 16:11:05 11/20/09 Fri
Mmm. Perhaps some of the audience here can help you remember.
I've other things better to waste time with tonight.
bbt.
[Edit]
- Your platitudinous postulations -- Glyndwr, 16:06:53 11/20/09 Fri
could do with a barber http://www.bbc.co.uk/blogs/ni/GOD2.jpg
[Edit]
- No reply to what question? -- RIP, 16:03:28 11/20/09 Fri
Is bbl a question?
[Edit]
- Gold Stocks -- AU_NB, 16:02:18 11/20/09 Fri
Stock Options expiration day ?
[Edit]
- ... legs 'n bubbles ... -- BWP, 16:02:12 11/20/09 Fri
“I don’t think the housing crisis is over,” Mark Zandi, chief economist with Moody’s Economy.com, said in a telephone interview. “I think we’re going to see another leg down.”
... yeah, another leg down ... hate ta burst yer crack house dream but the leg never was up inna first place ....
[Edit]
- Glyndwyr -- RIP, -- Glyndwr, 16:01:48 11/20/09 Fri
Curve-balling again?
No reply?
Again?
[Edit]
- morbius -- RIP, 16:01:02 11/20/09 Fri
What idiot would wanna sink their lifeboat?
That being the US consumer and dollar.
Chinaman is smart.....but he ain't rash.
[Edit]
- Glyndwyr -- RIP, 15:58:34 11/20/09 Fri
Now that you are lubed up....I'm shaking.
[Edit]
- Dell's bell -- Sherlock, 15:58:25 11/20/09 Fri
Dun got rung ! Down almost 10%
[Edit]
- I know exactly what naked shorting is -- RIP, 15:57:13 11/20/09 Fri
It's the people who don't...I worry aboot.
[Edit]
- @ Still an awful lot of red for a $6 up move. -- BWP, 15:54:57 11/20/09 Fri
... not in my sty, bro ... my pigs be hummin' ... that's 'cause I'm MYSTO and yer not .... yer gonna have ta live wif the shame ...
[Edit]
- Glyndwr -- RIP, -- Glyndwr, 15:54:15 11/20/09 Fri
You're right to be afraid.
I loosen up after a few beers...
[Edit]
- RIP - Think what that money could do to the short side. -- morbius, 15:52:53 11/20/09 Fri
Another government bailout when the short side goes South? And what if the counterparty doesn't want to settle in Bailout Bumwad? The resulting default is sure to sink the POG, eh?
[Edit]
- GSS -- Sherlock, 15:52:17 11/20/09 Fri
Order just filled at $3.45. Sticking my toes in.
[Edit]
- - -- faloffal, 15:51:54 11/20/09 Fri
letz not forget where we are!
"prices actually fell by 0.4 percent for a 12-month period ending in August 1955."
www.sfgate.com
[Edit]
- @RIP @Thanks for the Hornberger post on Kahre ... it's tyranny in our faces ... -- mozel, 15:51:49 11/20/09 Fri
The sentencers have made a record that they expect no mercy whether they intended to or not. Bring rope, Igor.
Since I realized you have no intellectual and moral grasp of what is "naked shorting", I ignore your remarks in that arena.
[Edit]
- Glyndwr -- RIP, 15:50:56 11/20/09 Fri
Back to the pub with ya.
[Edit]
- PM stocks -- Sherlock, 15:49:54 11/20/09 Fri
Still an awful lot of red for a $6 up move. Disappointing. GDX -0.72%...GLD +0.50
[Edit]
- Get real folks.. -- Glyndwr, 15:48:46 11/20/09 Fri
There's a few here.
I've yet to beieve RIP is one though.
Just suspicion..
[Edit]
- - -- faloffal, 15:48:33 11/20/09 Fri
LSteve
last few weeks, it does appear 'Austrian School' a talking point for the media sycophants
[Edit]
- Good grief, morbius -- RIP, 15:48:20 11/20/09 Fri
Goldman told Barrick to cover their hedges.
Then Regent complains of 'peak gold'.
Does that not tell you something?
The Goldman bonus cash could have bought the Indian IMF gold purchase....plus.
Think what that money could do to the short side.
There's a reason why no company has come out and openly hedged.
Not that I have seen.
It will happen.
Anyone have a number?
[Edit]
- ... stat shuffle ... -- BWP, 15:47:57 11/20/09 Fri
"WASHINGTON (Reuters) - The U.S. economy's return to growth in the third quarter was less brisk than previously thought. A poll of 66 economists forecast real gross domestic product growth would be revised down to an annualized rate of 2.9 percent from the 3.5 percent pace reported by the government last month."
... yeah, and in two years they'll say it was really minus ten percent ... it's called deferrin' bad news 'til when nobody remembers no more ... shame on 'em ... string 'em up ta the lamposts ... then feed 'em ta the 'gators ...
[Edit]
- 1150 -- Sherlock, 15:45:49 11/20/09 Fri
Sure is nifty !
[Edit]
- morbius -- LSteve, 15:42:25 11/20/09 Fri
Gold as money. In the under reported speech that Greenspan gave recently he said we have started the process of returning to honest money. I don't understand why people would doubt what he said.
[Edit]
- RIP - Yes I DO see the difference, but -- morbius, 15:42:12 11/20/09 Fri
other than using their bonus bucks to write naked calls, how do you see Goldman sinking the POG?
[Edit]
- Well.. -- Glyndwr, 15:41:31 11/20/09 Fri
I'm liking $1150+, but noone's talking about it amidst RIP's blunderbussing lead balls.
OK - I'll ask it.. Who's paying you?
[Edit]
- XAU - Wolfe Wave potential Target Line -- AU_NB, 15:41:16 11/20/09 Fri
Although made yesterday, this chart illustrates a potential target line from the current price consolidation.
Yesterday's candle was a "Hammer." Today's candle, still not final, could also be forming a bullish "Hammer." A running correction may have been forming for the last seven days, which also would be bullish.
http://stockcharts.com/h-sc/ui?s=$XAU&p=D&b=5&g=0&id=p19923331067
We'll c
jmho
icbw
dyodd
[Edit]
- PM and stock market turn around -- Sherlock, 15:39:38 11/20/09 Fri
Again . Amazing. Friday afternoons have been strong for the stock market lately. So I'm not too surprised. But GSS is not turning, stuck at S3.46. I put a buy order in at $3.45 and it just sits there .
[Edit]
- Went out for a few beers.. -- Glyndwr, 15:37:58 11/20/09 Fri
Bit boring, so came back for a POG infusion instead.
[Edit]
- BTW Delta -- RIP, 15:36:25 11/20/09 Fri
When you do wake up.....please leave my past and present family members out of your insults.
Other than that....feel free to call me whatever.
[Edit]
- ... blame game ... -- BWP, 15:33:51 11/20/09 Fri
"Washington (CNN) - A CNN/Opinion Research Corp. survey released Friday morning indicates that 38 percent of the public blames Republicans for the country's current economic problems. In May, 53 percent blamed the GOP. According to the poll, 27 percent now blame the Democrats for the recession, up 6 points from May, and 27 percent now say both parties are responsible."
... yeah, time ta toss out both parties 'n go wif the Beer 'n Weed Party ... they had a platform once but they giggled through the debates ...
[Edit]
- Lehman was an inverted pyramid. -- RIP, 15:32:15 11/20/09 Fri
Gold is an upright pyramid.
Big difference.
Get that....sleepy eyes?
[Edit]
- @ Crapex Commi's ... -- MoreGold, 15:32:08 11/20/09 Fri
GOLD slightly +long.
SILVER modestly +long.
[Edit]
- - -- faloffal, 15:30:48 11/20/09 Fri
Mines that contaminate watersheds
nasty.
I tell yeah, those guys get the right 'agent', they get away with anyting!
[Edit]
- "Harvard Finds Kidney Stones, Asthma, Malaria Among Climate-Change Risks" -- Earl, 15:29:13 11/20/09 Fri
Cood'a been worse ........ cood'a included erectile dysfunction.
[Edit]
- Lehman was bigger than POG -- RIP, 15:28:48 11/20/09 Fri
Way bigger.
I will guarantee there are more than 33 million ounces of gold sold short.
And most are prolly naked.
I don't see gold going BK.
[Edit]
- - -- faloffal, 15:26:15 11/20/09 Fri
NEW GOLD NGD.to
volume leader, down the last two days on San Pedro mine closing
~~ environment ~~ problemo
[Edit]
- RIP - Why not? -- morbius, 15:26:02 11/20/09 Fri
You apparently believe that 33Million Naked Calls by the crooks at Goldman can sink the POG?
[Edit]
- ... shoe me some body parts, baby .... -- BWP, 15:25:23 11/20/09 Fri
"A Florence museum says two fingers and a tooth believed to belong to Galileo Galilei have been found and will go on display next spring. Three fingers and a tooth were taken from the astronomer's body in 1737 and placed in a container."
... yeah, put it on display next ta the dick and big toe of Da Vinci ....
[Edit]
- Permabear - Gold as money -- morbius, 15:24:40 11/20/09 Fri
We may be seeing emergence of the new global currency.
Kuggerrands
Eagles
Maples
Philharmonics
Pandas
Whatever they call the things they mint Down Under
All in 1, 1/2, 1/4, 1/10 Oz
All fungible
And being minted in record numbers.
[Edit]
- if a market is so fragile....that it can't handle some naked shares -- RIP, 15:21:14 11/20/09 Fri
...then it is severely overvalued.
Does anyone truly believe 33 million naked shares broke Lehman?
What about BSC and ML?
There are many more.....and they usually croak on Fridays.
BS dies hard.
[Edit]
- Winston RE: Dollar is up, Gold is up discuss -- Permabear1, 15:19:33 11/20/09 Fri
That reminds of of Mike Myers when he imitated a Jewish lady who started her coffee clutch group with the statement:
Rhode Island---neither a road nor an island...discuss.
Anyway, there was a fellow on CNBC this morning that discussed gold as NOW acting like a currency rather than a commodity and that it would take its OWN path from here on out due to the perception that all paper currencies are being intentionally debauched by their respective central banks.
[Edit]
- pot calling the kettle black -- WileE, 15:18:41 11/20/09 Fri
i believe the public has most definitely lost all confidence in their congress critters doing the job too. but i don't see any of them offering to step down.
[Edit]
- 'bug paralyzer' move".....BPM -- LSteve, 15:18:17 11/20/09 Fri
I like that. Whenever I get in one of these BPMs I run for the exits. I can tolerate missing an up move but refuse to suffer losses.
[Edit]
- Tim Geithner Is Mad as Hell and Isn't Going to Take It Anymore -- Sherlock, 15:15:45 11/20/09 Fri
Treasury Secretary Tim Geithner took some heavy fire on Capitol Hill Thursday. Days after Oregon Democrat Peter DeFazio called for Geithner's resignation, Texas Republican told the Secretary: "The public has lost all confidence in your ability to do the job."...http://finance.yahoo.com/techticker/article/376648/Tim-Geithner-Is-Mad-as-Hell-and-Isn't-Going-to-Take-It-Anymore;_ylt=Ami.yFbGHZ3BU09nCUoSt5Hvba9_;_ylu=X3oDMTFnNDJvaWNhBHBvcwMyBHNlYwNjb250ZXh0dWFsLXRlY2h0aWNrZXIEc2xrA3RpbWdlaXRobmVyaQ--
[Edit]
- RIP - What are they gonna do with their Bonus Bucks -- morbius (), 15:12:12 11/20/09 Fri
Issue a huge tranche of Naked Calls and intimidate the Chinese who hold $2T USD? If there was ever a place to insert 'LOL', this is it.
Last edited by author: Fri November 20, 2009 15:14:29
Edited 2 times.
[Edit]
- RIP - Goldman could squash POG with just their bonus money -- morbius, 15:08:35 11/20/09 Fri
Not even if their bonuses were paid in bullion.
[Edit]
- This is a 'bug paralyzer' move -- RIP, 15:03:34 11/20/09 Fri
A 'Chewbacca defense'.
It doesn't make sense.
Until they tell you.
Then it will be crystal clear.
[Edit]
- Sold out my ultrashorts yesterday and this morning -- ballgame, 14:59:11 11/20/09 Fri
Have cash. What to buy for the holidays?
[Edit]
- Mikikis....dunno -- RIP, 14:57:27 11/20/09 Fri
Sure looks like it's the last bubble....for now.
I guess you could buy a negative rate T-bill.
[Edit]
- Energy Remed.... -- ballgame, 14:57:16 11/20/09 Fri
Has a pulse today. Gonna move soon. Been a lotta convergence, little divergence in the MACD lately:
http://stockcharts.com/h-sc/ui?s=ERHE&p=D&yr=0&mn=3&dy=0&id=p47475564125
[Edit]
- RIP -- Mikikis, 14:54:30 11/20/09 Fri
So where do you expect the boyz to invest once they eventually burst the gold bubble?
[Edit]
- Mikikis -- RIP, 14:53:58 11/20/09 Fri
If you actually think Asia sets the price of anything....I suggest you adjust your sleeping habits.
[Edit]
- Goldman could squash POG with just their bonus money -- RIP, 14:52:01 11/20/09 Fri
Discuss.
[Edit]
- RIP - Asia -- Mikikis (), 14:51:17 11/20/09 Fri
They don't seem to be bidding up El Bucko either.....
Last edited by author: Fri November 20, 2009 14:51:30
Edited 1 time.
[Edit]
- Fine...the NY price is all manipulation -- RIP, 14:49:56 11/20/09 Fri
I'm cool with that.
But...the buck keeps getting tossed back to Asia.....the people who are supposedly fuelling this rally.
They aren't bidding up shiet.
Discuss.
[Edit]
- RIP - bet against it (NYC) -- Mikikis, 14:49:19 11/20/09 Fri
Do exactly that each time I buy physical.
[Edit]
- Methinks a blowoff stage is just kickin in... -- GlodCoaster, 14:47:54 11/20/09 Fri
the glod pullbacks have been roughly 23 days apart and it should be taking a breather now, but it aint.
[Edit]
- It comes down to freedom in manipulation -- Mikikis, 14:46:28 11/20/09 Fri
NYC clearly offers more. But I insist...the players are the same in both places. So NO independence between the two at all RIP...except in price action.
[Edit]
- Mikikis -- RIP, 14:46:19 11/20/09 Fri
If you think the NY price isn't worthy.....I suggest you bet against it according to the London 'fix'.
Good grief.
[Edit]
- -- -- Winston, 14:45:29 11/20/09 Fri
Dollar is up,
Gold is up.
discuss
[Edit]
- Mikikis -- RIP, 14:44:31 11/20/09 Fri
NY has a presence everywhere....every hour of every day.
What's your explanation?
[Edit]
- Moves after the fix -- Mikikis, 14:44:15 11/20/09 Fri
Very much my point. The NYC action is distrusted worldwide and is not considered to be the genuine price...and for good reason. Which is why I wonder why you focus on it so much....
[Edit]
- Dammit - I wanted a glod pullback! -- GlodCoaster, 14:43:43 11/20/09 Fri
Freakin cabal hit it upwards again at NY opening!
[Edit]
- RIP -- Mikikis, 14:42:43 11/20/09 Fri
You'll find the same players with large presence in both NYC and London...I hardly see any difference.
[Edit]
- I will cut the Euros some slack today -- RIP, 14:42:09 11/20/09 Fri
That US dollar move on ICE this morning was a little wild.
Was it someone testing the water?
[Edit]
- @ But that's Horace's CENTROID! -- BWP, 14:41:14 11/20/09 Fri
... ah yes, Horace Greenaimer .. the man who ranted that silver would NEVER make it past five bucks in his Greatest Call of All ... what a character ... one o' the many that passed this way ....
[Edit]
- The NY gold price moves when the London PM fix is set -- RIP, 14:40:05 11/20/09 Fri
Haven't you been paying attention?
[Edit]
- @ Is NYC now operating independently of London? -- RIP, 14:38:48 11/20/09 Fri
Is the Pope Catholic?
[Edit]
- better than gettin' whacked back ta tree-fitty --BWP -- Pyrite, 14:37:19 11/20/09 Fri
But that's Horace's CENTROID!
Implications are that we may now range from $1150 to MINUS $450 which means we would have to PAY to get rid of it.
Like trash.
[Edit]
- ... all we need right now is another tiny dip in the dollar ....... -- BWP, 14:35:20 11/20/09 Fri
... and it's off we go .... I like gettin' off ... how 'bout y'all? ...
[Edit]
- RIP -- Mikikis, 14:35:14 11/20/09 Fri
I've been meaning to ask you something. Most people worldwide consider the London Fix to be the real price for the metals (if only one is to be considered for daily pricing)...just go ask a jeweler or most coin merchants outside the US and Canada......
On many occasions you have talked much about Chinaman and NYC...and on most of those days the London move was in line with the Asia move....how to you reconcile this? Is NYC now operating independently of London?
[Edit]
- ... are ya watchin' gold 'splodin' ...? -- BWP, 14:31:43 11/20/09 Fri
... me, I am ... sure, it's a tiny 'splosion but it's better than gettin' whacked back ta tree-fitty ... I'm sure you'll agree ...
[Edit]
- POG is up a substantial amount in ALL currencies -- RIP, 14:25:19 11/20/09 Fri
This is what NY Friday afternoons have come to be.
Would you have thought that this morning with a higher dollar?
Over to you Asia....and the dink downunder.
[Edit]
- government sachs shorting aig/ wells fargo/pnc/ aig/ etc etc -- skys39, 14:24:45 11/20/09 Fri
http://www.americanbankingnews.com/2009/11/19/goldman-sachs-nysegs-shorting-wells-fargo-nysegs-mastercard-nyse-ma-pnc-nyse-pnc-and-aig-nyse-aig/
[Edit]
- ... don't mess wif Bill ... -- BWP, 14:22:52 11/20/09 Fri
"CNBC: Warren Buffett doesn't want Congress to "fool around" with the Federal Reserve's political independence, because it could lead to "a lot of mischief."
... yeah, mischief ... that would be bad .... undermine things ...
[Edit]
- @ ... Did This Feck Just Change His Story??? -- BWP, 14:19:05 11/20/09 Fri
... he's a media star now ... he'll say whatever gets him into the news ...
[Edit]
- Who/whatever is buying glod....is frontrunning the 2 currency scenario -- RIP, 14:17:51 11/20/09 Fri
Yup...it's someone in New Yawk.
[Edit]
- ... brown shoots ... -- BWP, 14:17:19 11/20/09 Fri
"Harvard Finds Kidney Stones, Asthma, Malaria Among Climate-Change Risks"
... yeah, like there ain't none o' that in abundance already ... these University kids are also gonna find they can't get jobs and are gonna piss away a twenny grand education in a crack house ...
[Edit]
- There are only 2 currencies -- RIP, 14:16:02 11/20/09 Fri
Everyone has to choose between one....or gasp.....the other.
[Edit]
- Yes, thanks Philbond - I prefer the Bull Flag -- APOLLO, 14:12:34 11/20/09 Fri
to the H&S - looks good for next week.
[Edit]
- @ Did This Feck Just Change His Story??? "Beggining" ??? -- MoreGold, 14:11:34 11/20/09 Fri
"Bloomberg: Roubini Sees Beginning of Asset Bubble on Investors `Chasing Commodities'"
[Edit]
- ... get on wif it .... -- BWP, 14:08:41 11/20/09 Fri
"Bloomberg: Roubini Sees Beginning of Asset Bubble on Investors `Chasing Commodities'"
... yeah, it's about time ... run those fuckers up the charts ... drive gold todamoon .... I'm totally prepared ... go on, Roubini, make my day ...
[Edit]
- watch the debacle in time lapse -- skys39, 14:08:07 11/20/09 Fri
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
[Edit]
- Mikikis @ H&S unreliable -- philbond007, 14:08:05 11/20/09 Fri
Greetings from the Hortons!
With respect, the H&S didn't occur, no breakdown, no pullback, and no fall-away. Although I've had some words with Kip, let's not forget he's said many times it's typically a "reversal pattern". Furthermore, volume's an important factor which wasn't present on that chart, and the RSI's still in the "healthy" range. In any event, had it occured, the "price objective" wasn't much, and the slope makes all the difference, as the chart below points out.
So what's my opinion on the supposed "bull flag", beats me, but time will tell, and on that note:
It's time for the weekend!!!
BBL
[Edit]
- -- -- Winston, 14:06:02 11/20/09 Fri
John Galt (Fla)
US Treasury bill rates fall on bank concerns
Today those rates per CNBC are:
1 Month: 0.01%
3 Month: 0.01%
6 Month: 0.11%
We have billions of dollars pouring into short term Treasury Bills to essentially pay the government to “store” or hold their money for the next 30 days to 91 days and it begs the question as to why. The answers I propose are simple and have been stated many times before, that our financial system is no much more repaired or functional than an airplane is airworthy after it flies into the side of a mountain at 500 knots. Credit is limited if not totally frozen at many levels and the government’s role as banker of last resort is being tested by foreign powers sick and tired of funding America’s house party.
http://johngaltfla.com/
[Edit]
- @ Im On The Verge Of Saying "Very Interesting" ... -- MoreGold (), 14:04:19 11/20/09 Fri
Butt I Won't...
Lets wait for the Paper COTTS.
Last edited by author: Fri November 20, 2009 14:05:24
Edited 1 time.
[Edit]
- ... trim plan .... -- BWP, 14:04:17 11/20/09 Fri
"Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1%"
... yeah, can't absorb any returnin' soldiers .... time fer another war ... a big one ....
[Edit]
- @ My Indicators Are Looking Interesting Right Now Check ... -- MoreGold, 14:03:01 11/20/09 Fri
[Edit]
- 3rd eye open trade guy gots lots of gaps -- BUFFORD (), 14:01:25 11/20/09 Fri
on his gld chart .......sec 8
www.tinyurl.com/ggn6m
Last edited by author: Fri November 20, 2009 14:02:12
Edited 1 time.
[Edit]
- ... askin' the fox ta lay off chicken ... -- BWP, 14:00:20 11/20/09 Fri
"Investors ask Goldman to be less greedy: report- Reuters'
... yeah, say pretty please .... HAHAHAHAHHAAAaaaa ... maroons ...
[Edit]
- PTB cancels dollar trades -- skys39, 13:58:53 11/20/09 Fri
http://www.zerohedge.com/article/ice-cancels-dxy-trades-after-impossible-action-moves-index-9-higher-plunge-enforcement-team-
[Edit]
- I do think this last push - blow off for the year -- APOLLO, 13:58:06 11/20/09 Fri
has the potential to be dramatic.
[Edit]
- ... CALVF is up 8% and still at .07 cents ..... -- BWP, 13:55:10 11/20/09 Fri
... can't figger it out ... it's like a Hitchcock movie .... this pig is even weirder than Helga, the Bitch Dominatrix ...
... discuss ..
[Edit]
- Does it look like the Gold market is anywhere remotely close to a bubble? -- Jasper, 13:52:07 11/20/09 Fri
Apparently, the bubble callers and crowded trade folks haven't done their research. Doesn't look crowded to me.
http://safehaven.com/article-15078.htm
[Edit]
- Osisko forgets it's a target -- RIP, 13:50:38 11/20/09 Fri
http://www.globeinvestor.com/servlet/story/RTGAM.20091120.escenic_1371564/GIStory/
This is how you run a gold company.
They have the 3 run homer.
A few bunt singles just helps things along.
[Edit]
- ... luv that gold, I tell ya .... -- BWP, 13:49:05 11/20/09 Fri
... it's like kinky sex but even better ... that and beer are a great combo ... it beats stealin' yer daddy's cue and makin' a livin' outta playin' pool ....
[Edit]
- You Bullies... -- Nuggets, 13:40:15 11/20/09 Fri
lady bug -- Glyndwr, 11:28:30 11/20/09 Fri
Nice to see you post. Stick around and attack Skinnee again when he next pops up. : )
enjoy the break, leave the Village Idiot alone......
[Edit]
- Gold's now green -- APOLLO, 13:32:34 11/20/09 Fri
reversal back again today would be very bullish
[Edit]
- Some people don't adapt too well. -- RIP, 13:30:49 11/20/09 Fri
This is different.
[Edit]
- Lady Bug - I actually think we go up Monday -- APOLLO, 13:24:39 11/20/09 Fri
notwithstandint the roll-over. Today was the last chance for this final leg up. Thanksgiving week has usually been a good week for commodities.
[Edit]
- Glyndwr...especially after the EUR/USD dumping 40 pips -- duppy, 13:23:29 11/20/09 Fri
in the last hour.
dUp
[Edit]
- Last. -- Glyndwr, 13:15:52 11/20/09 Fri
Glod/Forex looking damn good right now. Zzz.
[Edit]
- @'da scene -- Eldorado (), 13:11:29 11/20/09 Fri
I'd have to say that most of these 'liar on top of a hole in the ground' pseudo PM stox wouldn't see their old highs from the early days of the pm move if'n we had 1500 dollar POG and 40 dollar POS.
Most of them lose more money the more they 'mine'. What a concept!
Last edited by author: Fri November 20, 2009 13:13:02
Edited 1 time.
[Edit]
- Glyndwyr....do whatever you please -- RIP, -- Glyndwr, 13:12:03 11/20/09 Fri
Why are you replying to me? I told you - I'm bbl; so can't read your posts..
[Edit]
- if everyting is a bubble, -- WileE, 13:08:20 11/20/09 Fri
nothing is a bubble.
They've diluted the meaning of the word. Should be saved for those one-in-a-life-time events like tulips and downtown Tokyo real estate.
[Edit]
- More -- RIP, 13:08:07 11/20/09 Fri
...The other amusing occurrence was at Kahre’s sentencing hearing. Ezra revealed that Las Vegas psychiatrist Karen Cruey had diagnosed Kahre in 2008 with “a persecutory and grandiose delusional disorder … that perceives harassment where there is none.”
I wonder what that shrink would think of Voy?
[Edit]
- Glyndwyr....do whatever you please -- RIP, 13:05:58 11/20/09 Fri
I'm glad you managed to get your spam posted.
Those Youtubes can be a beetch....lol
[Edit]
- That's like telling Karzai how to deal with Afghans who don't appreciate 'liberation'. -- RIP, 13:03:27 11/20/09 Fri
[Edit]
- Guess i'll stick with my last 'bbl' -- Glyndwr, 13:03:05 11/20/09 Fri
seeing as the RIP is back on the dance-floor.
'Deus ex 'imagina''.
bbl2
[Edit]
- Roubini Sees Asset-Bubble as Money Chases Commodities (Update1) -- Sherlock, 13:02:36 11/20/09 Fri
By Anabela Reis and Mark Deen
Nov. 20 (Bloomberg) -- Nouriel Roubini said investors are “chasing commodities” and there is a risk of new asset bubbles emerging as stock markets and commodity prices surge amid record-low lending rates...
http://www.bloomberg.com/apps/news?pid=20601087&sid=agzqkJ2EQR3M
[Edit]
- maclaren on snp & naz...I guess he gave up on $ rally -- BUFFORD, 13:01:25 11/20/09 Fri
http://www.mclarenreport.net.au/articles/articles/222/1/November-20-2009-CNBC-EUROPE/Page1.html
[Edit]
- Robert Kahre gets 15 years -- RIP, 13:00:50 11/20/09 Fri
....Within this legal travesty, there were a couple of amusing moments at the sentencing hearings, as reported in the Las Vegas Review Journal. One was when Judge Ezra counseled Kahre’s wife on how to raise her children: “If, as a result of that trauma, that turns (the children) against their own country and leads along a path of hate and retribution, they will have lost their promise to grow into healthy, productive adults.”
http://www.fff.org/blog/jghblog2009-11-20.asp
[Edit]
- Uncle Buck is still marching toward zero. -- WileE, 13:00:28 11/20/09 Fri
well, drifting at least. the pull appears to be in the downward, not upward direction.
usd over the last year:
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=1&mn=0&dy=0&id=p88940191523
[Edit]
- There's no denying it, redemption lies in every YooToob vee-dee-o -- Earl, 12:58:29 11/20/09 Fri
[Edit]
- there's gold in them hills -- BUFFORD, 12:55:30 11/20/09 Fri
http://www.themountainmail.com/
http://www.themountainmail.com/SiteImages/FeaturePhoto/1198.jpg
[Edit]
- That went through... -- Glyndwr, 12:31:50 11/20/09 Fri
There's Hope.
Distribute it. bbl
[Edit]
- He considered himself a philosopher king. -- 2bro2b, 12:31:06 11/20/09 Fri
I got a kick out of this snarky Rand takedown perplexed
by her abidng and renewed popularity--
"And as if the publication of a major new biography, Ayn Rand and the World She Made, by Anne Heller, weren't enough, there's this: In the first quarter of this year, as rightists shrilled about the president's "socialism," Atlas Shrugged (re)cracked Amazon's top fifty; early estimates place its 2009 sales at 400,000 copies—about double its 2008 total.
Ayn Rand Assholes, they're not just teeming—they're breeding.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It starts out "A weirdly specific thing happens with the books of Ayn Rand. It's not just the what of the books, but when a reader discovers them—almost always during the first or second year of college. Rand grabs a reader at a time of maximum vulnerability and malleability, when he's getting his first accurate sense of how he measures up in the world in terms of intellect and talent."...........the author ironically unaware of his much more powerful, pervasive brainsucker trasngenerationally implanted in Econ 101 and never unlearned without effort.
http://www.gq.com/entertainment/books/200911/ayn-rand-dick-books-fountainhead
[Edit]
- Oh, and don't forget -- RIP, 12:30:25 11/20/09 Fri
Uncle Buck is still marching toward zero.
Yawn.
[Edit]
- Yep - even here. -- Glyndwr, 12:29:11 11/20/09 Fri
Good to rage against the machine - and the dying of the Light..
[Edit]
- Couple Busted for Refusing to Pay Tip -- duppy, 12:26:34 11/20/09 Fri
Couple Busted for Refusing to Pay Tip
http://www.nbcphiladelphia.com/news/local-beat/Time-In-Prison--70426052.html?yhp=1
dUp
[Edit]
- Disagreeing 'spam' there.. -- Glyndwr, 12:26:02 11/20/09 Fri
Sorry. The post was good. Guess a substitute might do for now.
http://www.youtube.com/watch?v=anwy2MPT5RE&NR=1
[Edit]
- Indexes -- jesse22, 12:25:56 11/20/09 Fri
Gold up another 2% thus far this week and the indexes barely moved. Little drops in POG having big impacts on indexes, but up moves in POG are barely noticed. Got physical? I am now at roughly 60% physical to 40% PM stocks. About two years ago I was 90% stocks and 10% physical. Seems like a wise move at this time.
[Edit]
- So...China, and now even Euro, is selling -- RIP, 12:25:52 11/20/09 Fri
New York is buying.
That's not the way the gooroos explained it would happen.
[Edit]
- The gold market continues to steam roll ahead -- Sherlock, 12:23:30 11/20/09 Fri
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.
In my latest video I give you an idea of what I think is going to happen to this market in the short-term and long-term.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Published: 2009-11-...http://broadcast.ino.com/education/gold1118/?campaignid=3
[Edit]
- Mphh. -- Glyndwr (Mmph..), 12:19:16 11/20/09 Fri
.
Last edited by author: Fri November 20, 2009 12:21:59
Edited 1 time.
[Edit]
- HL -- lady_bug, 12:15:14 11/20/09 Fri
looks like it's done for awhile, was nice while it lasted.
Have still a huge pile !
[Edit]
- oh god skinny -- lady_bug, 12:02:13 11/20/09 Fri
he is my red flag lol
[Edit]
- NEW GOLD TO APPEAL SUSPENSION OF MEXICAN MINING OPERATION -- Sherlock, 12:00:25 11/20/09 Fri
NEW GOLD TO APPEAL SUSPENSION OF MEXICAN MINING OPERATION
11/19/2009
VANCOUVER, Nov. 19 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX-NGD) is cooperating with Mexican government authorities and pursuing all legal appeals after the company was notified yesterday that it must suspend mining operations at its Cerro San Pedro Mine, known regionally as Minera San Xavier ("MSX"). Although mining has been suspended, gold recovery operations of existing inventory on the leach pads are continuing....http://www.newgold.com/MediaCentre/NewGoldNews/PressReleaseDetail/2009/NewGoldtoAppealSuspensionofMexicanMiningOperation1121268/default.aspx
[Edit]
- Mmm - EUR too, maybe. -- Glyndwr, 11:59:29 11/20/09 Fri
bbl
[Edit]
- $1144 +? -- Glyndwr, 11:57:53 11/20/09 Fri
At last? Glod shifts a buttock on this boring day..
[Edit]
- 2bro - Can't disagree.. -- Glyndwr, 11:54:17 11/20/09 Fri
Anutther, budding NASA type acorn.
[Edit]
- lady bug -- Glyndwr, -- Glyndwr, 11:51:09 11/20/09 Fri
That sounded ambiguous - sorry. Just referring to a 2002 incident that gave me a laff.
(Skinny's response was 'Aaah. Now i'm being attacked by a ladybug'.)
[Edit]
- 2bro2b -- Mikikis, 11:47:31 11/20/09 Fri
http://press.web.cern.ch/press/PressReleases/Releases2009/PR13.09E.html
http://twitter.com/cern
[Edit]
- "The Swindler" -- 2bro2b -- Earl, 11:42:08 11/20/09 Fri
He was not an economist in any academic sense. He considered himself a philosopher king. A legacy we must still bear.
[Edit]
- Hadron Collider - more. -- 2bro2b, 11:39:32 11/20/09 Fri
Largest, most expensive, most complicated machine ever devised they say. Any deadline on ramping up to full power,
what timeframe or frametime or times without frames or frames without times.
[Edit]
- Glyndwr -- Mikikis, 11:37:57 11/20/09 Fri
Cool link, thx. This collider is one very impressive construction....it seems that most people are historically afraid of big key moments in science....always been this way...I expect that we will find out some fascinating stuff if we can get the thing to function for long enough...they are turning it 'on' now...but the collisions aren't expected until 2010 when they accelerate it a bit more.
[Edit]
- @ Still Big Questions But Good Advance ... Oh Bummah ET AL Would Veto Im Certain ... -- MoreGold, 11:36:13 11/20/09 Fri
House committee adopts Paul amendment strengthening Fed audit bill
By Scott Lanman
Bloomberg News
Friday, November 20, 2009
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a27_ZNGlQpNs
WASHINGTON -- The Federal Reserve's shield from congressional audits of interest-rate decisions took a blow from lawmakers who want to open the central bank's books to greater congressional scrutiny.
The House Financial Services Committee yesterday advanced a proposal to remove a three-decade ban on audits of monetary policy and carry out an examination of the central bank. The plan was offered by U.S. Rep. Ron Paul, a Republican from Texas who has called for the abolition of the Fed, and based on a bill with more than 300 co-sponsors.
Lawmakers say the Fed hasn't adequately accounted for putting taxpayer funds at risk, including aid to companies such as Citigroup Inc. and American International Group Inc. Fed Chairman Ben S. Bernanke has opposed the Paul legislation, saying it may open the door to interference in monetary policy.
Yesterday's vote is "probably not going to be helpful in terms of keeping inflation expectations low and supporting the dollar," said Michael Feroli, a JPMorgan Chase & Co. economist in New York and former Fed researcher. The central bank "should do whatever it takes to stop this from going forward and eroding confidence in the Fed's independence," he said.
The broader bill on financial regulation is subject to a vote by the committee, then must be approved by the House and Senate and signed into law by President Barack Obama.
"This is the bill that would allow the people to win over the special interests," Paul said during debate on the measures yesterday. "There is no doubt that the individuals opposing this amendment represent the secrecy of the Federal Reserve." An audit "shouldn't hurt them in any way," he said.
Rep. Barney Frank, the Massachusetts Democrat who chairs the committee and opposed the Paul measure, said the issue "may be revisited" when the legislation reaches the House floor.
"It's going to be seen as weakening the independence of monetary policy with consequent negative implications," Frank told reporters after the vote. "People are going to be worried about the impact on the dollar, on the interest rate."
The dollar strengthened to $1.4925 per euro late yesterday from $1.4963. The dollar has weakened 6.5 percent against the euro this year.
Paul, who wrote a best-selling book this year titled "End the Fed," said provisions in his amendment would limit interference in monetary policy. The measure, co-sponsored by Rep. Alan Grayson, a Democrat from Florida, would exclude any unreleased transcripts or minutes of Fed policy meetings. It calls for an audit of the Fed and its 12 regional banks by the Government Accountability Office within a year after enactment.
The committee voted first, 43-26, to substitute Paul's proposal for a Democratic measure to retain the ban on audits of monetary policy while requiring more limited audits. About one- third of Democrats joined the unanimous Republicans on the vote. Then, in a voice vote, the committee attached the Paul measure to the broader bill.
Frank said he expects to finish the legislation in committee on Dec. 1, delaying a vote he had scheduled for yesterday until after lawmakers return from the Thanksgiving holiday. He supported a competing measure from Rep. Mel Watt, a North Carolina Democrat, to retain the ban on auditing monetary policy.
"Perception is very important in monetary policy," Frank said. He said he was concerned that "inflationary expectations will be given a boost if we adopt the Paul" measure.
The Fed's powers and rate-setting independence are under threat on several fronts in Congress. Separately yesterday, the Senate Banking Committee began debate on legislation that would strip the Fed of bank-supervision powers and give lawmakers greater say in naming the officials who vote on monetary policy.
Paul and other lawmakers have accused the Fed of lax oversight of banks and failing to avert the financial crisis. He said Watt's measure instead would put further restrictions on the power of the government to audit the Fed, contrary to its sponsor’s assertion.
"This actually takes away some auditing authority," said Paul. "This amendment eliminates all the benefits that people see coming from" Paul's legislation, he said.
Watt cautioned against succumbing to popular anger at the Fed during debate on the measures.
"Everybody would like to beat up on the Fed and call them the bad guys," Watt said. "So if we make this decision on a political basis, I know what the result will be."
Also yesterday, lawmakers attached, by voice vote, a separate Republican measure to audit all Fed emergency-loan actions "during the current economic crisis." Legislators may need to work out how to combine the amendments when the bill goes to the House floor.
[Edit]
- "The Swindler" -- 2bro2b, 11:33:42 11/20/09 Fri
I’m reminded of one of my “Sacred Cows” which relates a much overlooked story about the famed economist, John Maynard Keynes.
Years ago, when I was running my own brokerage firm, an opportunity was presented for me to hire a gentleman who possessed a PhD. Shortly after I retained his services, I excitedly told my mentor and best client of what I thought was a hiring coup for my company. His silence let me know he wasn't impressed.
About two weeks later, I received a plain manila envelope from him containing a photocopy of an essay entitled, "From the Garden." It was written in the 1930's about the great economist John Maynard Keynes. In London during this period, a group of very smart and well-connected financiers had convinced Keynes to manage a public fund that they would market. His stellar reputation and credentials would surely bring in many clients, and high fees would flow to these organizers and Keynes. It never occurred to them that Keynes couldn't manage money. During a short period of time, the value of the assets garnered by these individuals and entrusted to Keynes dwindled away. He was quietly removed from the management of the portfolio and returned to his previous role as an economist.
~~~~~~~~~~~~~~~~~~~
see: LTCM; Scholes, Merton, candlepower, moths
[Edit]
- lady bug -- Glyndwr, 11:28:30 11/20/09 Fri
Nice to see you post. Stick around and attack Skinnee again when he next pops up. : )
[Edit]
- Mikikis - Hadron Collider - more. -- Glyndwr, 11:24:46 11/20/09 Fri
http://www.darkroastedblend.com/2008/03/time-machine-worlds-biggest-particle.html
(Some serious scientists also suggest that as the Collider may be the first 'Time-machine'; today is the first time that future travellers can visit their past.
Some even suggest sabotage by visitors from the future, to avoid the discovery of the 'Higgs' - Weird..).
[Edit]
- Apollo -- Mikikis, 11:24:13 11/20/09 Fri
Was looking for a double top in gold ST...but we didn't get high enough to make it happen...high for today is only 1148...the H&S doesn't mean that much as it is a really unreliable formation....just not nearly consistent enough to depend on....
[Edit]
- A return to past? -- Earl, 11:21:57 11/20/09 Fri
Protesters take over UC Berkeley building
It's on News Google
[Edit]
- This story will be like porn for many posters here.... -- Mikikis, 11:21:46 11/20/09 Fri
http://www.timesonline.co.uk/tol/news/uk/crime/article6924293.ece
(It is a good one, even with great imagination this stuff would be hard to write)
[Edit]
- Apollo -- lady_bug, 11:20:55 11/20/09 Fri
many thanks, for your guidance , I believe (hope) POG should close in the green today
Monday is gold expiration, than we should go up again
l_bug
[Edit]
- Seoul to allow naked short selling of bonds -- RIP, 11:19:54 11/20/09 Fri
Guess why?
Liquidity.
http://www.ft.com/cms/s/0/1b331180-d5ab-11de-b80f-00144feabdc0.html?nclick_check=1
[Edit]
- Keynes -- Earl, 11:19:30 11/20/09 Fri
"The Swindler"
The young Keynes displayed no interest whatsoever in economics; his dominant interest was philosophy. In fact, he completed an undergraduate degree at Cambridge without taking a single economics course. Not only did he never take a degree in the subject, but the only economics course Keynes ever took was a single-term graduate course under Alfred Marshall.
He found that spell of economics exciting, however, as it appealed both to his theoretical interests and to his thirst for cutting a giant swath through the real world of action. In the fall of 1905, he wrote to Strachey, "I find economics increasingly satisfactory, and I think I am rather good at it. I want to manage a railroad or organise a Trust or at least swindle the investing public" (Harrod 1951: p. 111).[7]
[Edit]
- Rothard on the man single most responsible for our present day condition, Maynard Keynes -- Earl, 11:11:02 11/20/09 Fri
Snip:
As time went on, Elizabeth Johnson writes, Keynes "had a clear idea of his role in the world; he was … the chief economic adviser to the world, to the Chancellor of the Exchequer of the day, to the French minister of finance, … to the president of the United States." Pursuit of power for himself and a ruling class meant, of course, increasing adherence to the ideas and institutions of a centrally managed economy.
Among the good men of the organic elite governing the nation, he placed himself in the crucial role of scholar-technician, the 20th-century version of the "philosopher-king" or, at least, the philosopher guiding the king. It is no wonder that Keynes "hailed President [Franklin D.] Roosevelt as the first head of state to take theoretical advice as the basis for large-scale action" (Johnson and Johnson 1978: pp. 17–18).
Action is what Keynes sought from government, especially with Keynes himself making the plans and calling the shots. As Johnson writes,
His opportunism meant that he reacted to events immediately and directly. He would produce an answer, write a memorandum, publish at once, whatever the issue.… In the World War II Treasury, he nearly drove some of his colleagues crazy with his propensity to keep a finger in every pie. "Don't just stand there, do something" would have been his present-day motto. (Ibid.: p. 19)
Johnson notes that Keynes's "instinctive attitude to any new situation was to assume, first, that nobody was doing anything about it, and, secondly, that if they were, they were doing it wrong. It was a lifetime habit of mind based on the conviction that he was armed with superior brains … and, Cambridge Apostle that he was, gilled with superior sensibilities" (ibid.: p. 33).
http://www.lewrockwell.com/rothbard/rothbard208.html
[Edit]
- CERN Hadron collider going active again now after long repairs -- Mikikis, 11:09:40 11/20/09 Fri
Watch live webcast:
http://www.cyriak.co.uk/lhc/lhc-webcams.html
[Edit]
- Trichet - 'tightening liquidity measures' -- Glyndwr, 11:07:18 11/20/09 Fri
'Can't support Fin. sector indefinitely'.
Odd the Euro hasn't reacted yet..
[Edit]
- Lows today, are also higher than yesterday's -- APOLLO, 11:02:48 11/20/09 Fri
so far. Couple of stocks breaking down worse than yesterday - KGC & AUY. Other than that, this is not a big correction.
[Edit]
- This action is very similar to yesterday's -- APOLLO, 10:59:30 11/20/09 Fri
so far, volume is nothing special & we are gaining on DOW from a divergence standpoint in the past 30 minutes, as the DOW declined. THis should be bought with tight stops
[Edit]
- -- -- Winston, 10:51:25 11/20/09 Fri
Attila:
I think there will be sudden awakening in the next week or so. Be very careful with the long side, I will post the details this weekend. Market will likely hold today because of Options Expiration.
I will be using this opportunity to short Commercial Real Estate, Brokers, Banks, Credit and Loan Corps, Transportation, Home builders today before the close.
http://www.xtrenders.com/
[Edit]
- The Whore of Babylon -- Spenser, 10:48:16 11/20/09 Fri
I happened to be home this morning and turned on CNBS to see the price of gold. Just then the commentator was finishing up an interview with, I believe, the head of the CFTC. She started talking about the price of gold, and how it might be in a bubble and wouldn't it be nice if the CFTC would start limiting positions in PHYSICAL gold.
He told her that they only dealt with FUTURES but she persisted along this line - he had to tell her 3 times that wasn't his area before she shut up about it.
The very NEXT interview she had was with someone on the floor of the exchange who started talking about the dollar going up which was a negative factor for today's SM. Guess what? She immediately brought up gold AGAIN saying how a strong dollar would likely be bad for the price of gold.
Guess she had some orders today from on high to talk down gold as much as possible. I'm sure she's being paid well for her role as shill for the wall st scamsters.....but it was so blatant I almost got outraged (but I'm afraid I'm too cynical for that).
[Edit]
- Oilboiler -- Mikikis, 10:45:17 11/20/09 Fri
Didn't know that...thx.
[Edit]
- ICE Cancels DXY Trades After "Impossible" Action Moves Index 9% Higher -- RIP, 10:39:04 11/20/09 Fri
$ Plunge Enforcement Team Arrives At Crime Scene
http://www.zerohedge.com/article/ice-cancels-dxy-trades-after-impossible-action-moves-index-9-higher-plunge-enforcement-team-
[Edit]
- Mikikis - Audit the Fed -- oilboiler, 10:33:32 11/20/09 Fri
No, the watered down amendment was voted out, and HR1207 was passed as the Paul-Grayson amendment.
http://www.lewrockwell.com/blog/lewrw/archives/43238.html
[Edit]
- Posted many times before -- philbond007, 10:22:47 11/20/09 Fri
Any astro types around here want to comment on this. It's been my "wallpaper" for a while, and I'm wondering why Mahendrix hasn't seen any of this in the stars:
Well, too much on the plate, too the coffee shop!!!
[Edit]
- Philbond - thank for the HL update -- APOLLO, 10:21:41 11/20/09 Fri
As you know, I am chuck-full of it.
[Edit]
- U.S. Treasury 3 Month Yields -- Sherlock, 10:17:15 11/20/09 Fri
0.01
[Edit]
- The three Ls that killed Lehman: -- RIP, 10:16:58 11/20/09 Fri
1. Leverage
2. Liquidity
3. Losses
http://uk.biz.yahoo.com/15092009/389/three-reasons-lehman-collapsed.html
Not a word of naked shorts.
[Edit]
- Same action as yesterday -- APOLLO, 10:12:10 11/20/09 Fri
so far. Looks like its all related to Opt-ex
[Edit]
- Goldman -- philbond007, 10:11:50 11/20/09 Fri
[Edit]
- Those 8% Great Basin debentures have started trading at a slight premium -- RIP, 10:10:30 11/20/09 Fri
http://www.stockwatch.com/oldsite/oldsite_chart.aspx?symbol=GBG.DB®ion=C
[Edit]
- HL: weekly -- philbond007, 09:56:17 11/20/09 Fri
It's Friday and close enough for a look at the "weekly", which shows a nice upside breakout. This chart doesn't seem to suggest that "pullback's" will be meaningful, other than "buying" opportunities.
[Edit]
- A reality check for investors mulling the sale of gold -- Sherlock, 09:54:05 11/20/09 Fri
By Myra P. Saefong, MarketWatch
TOKYO (MarketWatch) -- It's an age-old question among investors, but one that's more pertinent than ever for traders facing never-before-seen levels in gold prices: How will you know when it's the right time to sell?...http://www.marketwatch.com/story/a-reality-check-for-investors-mulling-sale-of-gold-2009-11-20
[Edit]
- Apollo @ H&S -- philbond007 (), 09:44:04 11/20/09 Fri
Note the neckline's "with" the trend. Assuming there's a break, the slope suggests it won't be a significant move. Perhaps AU_NB can chime in with some quotes from his TA guides.
Note also the SKF & SDS charts below, FAZ is similar, and I don't know what to make of it yet.
Someone page AU_NB please:
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[Edit]
- comment on ERHE speculation by an InvestorsHub poster: -- playrightman, 09:34:25 11/20/09 Fri
Over the last 4.5 years, I have read the ERHC Board continuously. Maybe missing a few days here and there but overall, pretty much continuous. Probably 99% of the predictions made by Board members have been wrong... The other 1% includes folks who have made soooo many predictions, that maybe, once in a blue moon, one is close, or can be interpretted as being correct...
Now all of a sudden, we have all these "close to insider information but not insider information" predictions or "I have information but it's not insider information and it's available to everybody else" predictions on drilling, number of wells, what was found, depth, location, etc, etc.. LOL
Based on past performance, I would say most of these predictions will be wrong. Or on the other hand, if you keep making predictions each week like Oilphant, sooner or later, you might get one right.
I'm long and strong on ERHC.
[Edit]
- Philbond - kind of an H&S looking top there on the gold chart -- APOLLO, 09:27:12 11/20/09 Fri
what do you think - nasty formation?
[Edit]
- siempre - audit the Fed -- Mikikis, 09:24:10 11/20/09 Fri
Watched an interview recently with Paul himself who said that the bill is now only a shell of what it once was. The Fed was already willing to do certain things and show certain things...and that is ALL that is left of the bill. The really interesting stuff was all taken out. It is a start I guess.....but it seemed that Paul was unimpressed.....
[Edit]
- Keeping The Bulls In Line -- Sherlock, 09:02:56 11/20/09 Fri
What to expect from the markets in 2010, with Tony Crescenzi, PIMCO; Mark Hulbert, Dow Jones Marketwatch; and CNBC's Joe Kernen....http://www.cnbc.com/id/15840232?video=1337097722&play=1
[Edit]
- Dec $1140 - OK. -- Glyndwr, 09:00:59 11/20/09 Fri
Let's Boogie. (Maybe..) bbl
[Edit]
- MSM - They keep showing Tim's BBQ yesterday.. -- Glyndwr, 08:58:18 11/20/09 Fri
Mebbe a 'transition in consciousness' going on?
Go, Ron..
[Edit]
- LATimes :: Ron Paul wins... -- siempre33, 08:54:47 11/20/09 Fri
key battle in war to open Fed's books....
http://latimesblogs.latimes.com/money_co/2009/11/rep-ron-paul-texas-audit-the-fed-bill.html
[Edit]
- 1942 Study in Rockefeller lab perfected the binary weapon -- moonshot, 08:46:13 11/20/09 Fri
"Basically the intention was to study the effect of using two separate agents, one virus and one bacteria, to act together as an infection. On their own these agents have only a very mild effect on the patient, if any at all. However, when the two agents were used together they have a much more serious and much more fatal effect on the patient. The viral agent used in this study was Swine Influenza. This study summized that when the two were acting together they would quickly destroy the lungs."
http://door32.wordpress.com/2009/11/19/has-the-rockefeller-foundation-perfected-their-binary-weapon/
[Edit]
- Verizon plans to cut 8,000 jobs, some in Hampton Roads -- doran (), 08:38:59 11/20/09 Fri
http://www.dailypress.com/business/dp-biz_verizon_1120nov20,0,6923927.story
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[Edit]
- Kip - neat views. -- Glyndwr (), 08:33:26 11/20/09 Fri
I should keep reminding I work ST charts. (5mins is an eternity to me : ))
(PS - The 3hour EUR might show something interesting later..).
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[Edit]
- Spot -- philbond007, 08:32:54 11/20/09 Fri
[Edit]
- The lines... -- Glyndwr, 08:29:18 11/20/09 Fri
A break of $1140 shortly would be most fine, whilst EUR sits down still, licking USD boot..
[Edit]
- Gold (3 hr) & EUR/USD (daily) -- Kip, 08:28:06 11/20/09 Fri
. . 
[Edit]
- Movie popcorn plus soda can equal 3 McDonald's burgers -- doran, 08:16:58 11/20/09 Fri
http://www.reuters.com/article/newsOne/idUSTRE5AJ0HM20091120
[Edit]
- State, local budget cuts a "time bomb" for jobs -- doran, 08:14:46 11/20/09 Fri
NEW YORK (Reuters) - Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local governments lay off workers and cut spending on contracts and other business services, a think tank said on Thursday.
http://www.reuters.com/article/domesticNews/idUSTRE5AI5AP20091119
[Edit]
- IMHO Mr. Mudturtle is a hell of a lot more articulate than Mish -- fedfighter, 08:09:22 11/20/09 Fri
Your commentary is better than Mish's msm conventional aint no conspiracies nothing to see here blah blah blah. Mish is for econ101 students.
[Edit]
- Its T-witching day - lots of volitlity -- APOLLO, 08:05:09 11/20/09 Fri
more than likely the USD is responding to the SM - good day to turn off the computer & hit the beach & pick it up on Monday.
[Edit]
- Glod - resisting USD(/EUR) again. -- Glyndwr, 07:57:58 11/20/09 Fri
Strengthening nice. We'll see how it pans out
[Edit]
- How Limousine Liberals, Water Oligarchs and Even Sean Hannity Are Hijacking Our Water Supply -- doran, 07:48:30 11/20/09 Fri
A group of water oligarchs in California have engineered a disastrous deregulation and privatization scheme. And they've pulled in hundreds of millions of taxpayer dollars without causing much public outrage. The amount of power and control they wield over California's most precious resource, water, should shock and frighten us -- and it would, if more people were aware of it. But here is the scary thing: They are plotting to gain an even larger share of California's increasingly-scarce, over-tapped water supply, which will surely lead to shortages, higher prices and untold destruction to California's environment.
http://www.alternet.org/water/144020/how_limousine_liberals%2C_water_oligarchs_and_even_sean_hannity_are_hijacking_our_water_supply
[Edit]
- Palestinians accuse Israel settlements of diverting water -- doran, 07:45:22 11/20/09 Fri
Long a hot-button in the parched Middle East, the need for a water-rights compromise here has become more acute after years of dry winters, as Palestinians struggle with what they say are insufficient quotas and Israel mulls steep tax hikes on home and garden usage. Both sides blame each other for failing to honor the 1995 interim agreement still in effect. Though potential solutions exist, little progress can be made until the peace process – stalled for nearly a year – is restarted.
http://www.csmonitor.com/2009/1119/p06s07-wome.html
[Edit]
- Not what I expected today after that reversal back against -- APOLLO, 07:40:29 11/20/09 Fri
a weak dow. Hmm
[Edit]
- EUR breaking a support line going back to April.. -- Glyndwr, 07:36:21 11/20/09 Fri
Glod breaks an ST support to end Oct.
Ain't a pretty picture at the mo, imo.
[Edit]
- Waving the Bubble Flag -- doran, 07:24:20 11/20/09 Fri
“The Fed is trying to reflate the U.S. economy,” Gross wrote in his December investment outlook posted on the Newport Beach, California-based company’s Web site today. “The process of reflation involves lowering short-term rates to such a painful level that investors are forced or enticed to term out their short-term cash into higher-risk bonds or stocks.” (i.e. in other words, destroy savers and push them into risky assets)
http://wallstreetpit.com/12289-the-fed-is-boxed-in
[Edit]
- Gold’s Run is Nowhere Near Coming to An End -- doran, 07:22:23 11/20/09 Fri
For true contrarians, it’s too much excitement. But with gold at new all-time highs, this run in gold is still far from over. Here’s how to tell when it’s nearing an end.
http://wallstreetpit.com/12293-gold-is-not-a-bubble-yet
[Edit]
- hiya wiffo .. -- Delta-au, 06:27:30 11/20/09 Fri
thx for yer market comments ..
always interesting & succinct ..
well, its later here than where you are ..
so we're orrff to bed ..
so I'll just say ..
great to hear from you ..
and we'll chat again sometime soon ..
btw, if we ever make it it over there ..
have ya gotta spare thatch hut for two ?
cheers .. delta
[Edit]
- Asia Considers Capital Controls to Stem Bubble Danger -- doran, 06:08:58 11/20/09 Fri
Officials from India, South Korea and Indonesia are among those expressing concern over overseas capital stoking stock and real estate prices. Indonesia’s central bank is “seriously” studying a limit on inflows to short-term bills, Senior Deputy Governor Darmin Nasution said yesterday. Taiwan last week banned international investors from placing funds in time deposits.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXJZJUKXcM3A&pos=1
[Edit]
- randgold sells project -- mugwump, 05:48:53 11/20/09 Fri
http://finance.yahoo.com/news/Randgold-Resources-Limited-iw-376835894.html?x=0&.v=1
[Edit]
- Hi delta -- WIFFO, 05:00:46 11/20/09 Fri
I'm kicking back here after the rice harvest. We have to make some changes for next year, to get rid of the weeds and optimise land levels. Never mind.
My sources tell me that the market general indicies will improve into december worldwide as we pull out of the recession, this should be good for gold, as dollars will flow into the market and out of bonds. Gold is scarcer than previously thought, since central bank net buying has take over, and supposed previous supplies do not exist. Also gold production is reducing from known existing sources.
Demand for gold has increased as a hedge against financial instability, which still threatens. Thanks to the blatent persisting non disclosure of OTHC derivative positions of the major banks.
[Edit]
- @Mudturtle -- Smythe, 04:53:38 11/20/09 Fri
good stuff. You saw the CDS baloney before most others. I am preparing to duck-and-cover from the oncoming shitestorm that you now detail. Thanks.
[Edit]
- the day pog went up $212 -- mugwump, 04:47:39 11/20/09 Fri
http://johngaltfla.com/blog3/2009/11/18/the-day-the-dollar-died/
[Edit]
- .. -- Delta-au (), 04:26:38 11/20/09 Fri
..
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[Edit]
- anooraq production schedule -- mugwump, 04:26:29 11/20/09 Fri
http://www.miningweekly.com/article/anooraq-to-produce-270-000-ozy-by-2014-2009-11-17
[Edit]
- RBI's gold reserve -- mugwump, 04:11:21 11/20/09 Fri
http://www.thehindubusinessline.com/2009/11/20/stories/2009112050200800.htm
[Edit]
- trader dan -- mugwump, 04:08:05 11/20/09 Fri
http://jsmineset.com/wp-content/uploads/2009/11/November1909Gold-Dan.pdf
[Edit]
- coxon on inflation -- mugwump, 04:05:20 11/20/09 Fri
This time around, should we expect things to move more rapidly or more slowly than average? My bet is on slow, which would push the peak inflation rate out toward the end of 2012. One reason for slow is that the government's rescue packages are delaying the process. Rescuing banks that are choking on bad loans postpones the day of reckoning for both the banks and the loan customers. It retards the pace of foreclosure sales (whether of real estate or other collateral) and puts the deleveraging that has been going on since last fall into slow motion. A wilting of the recent stock market rally would confirm this.
.
When you hear would-be opinion leaders cite the current absence of rising prices at the supermarket as proof that all the new money isn't a source of inflation, don't believe them. It is much too early for the inflation bomb to be going off, even though the powder has been packed and the fuse has been lit. If the large and growing federal deficits and the Federal Reserve's unprecedentedly easy policies tempt you to leverage up on inflation-sensitive assets, such as gold, give the idea a second thought. It likely will be a year or more until price inflation becomes obvious and undeniable (which is what it would take to bring the general public into the gold market). In the meantime, your inflation-sensitive assets could get paddled rudely as the deleveraging that began last year continues.
For at least the next year, the simple, fire-and-forget strategy is 50-50 gold and cash – gold for what looks to be inevitable but on its own schedule, cash to be ready for the bargains that may show up while we're waiting for the inevitable to arrive.
[Edit]
- IS GODLIKEPRODUCTIONS A TAVISTOCK OPERATION? -- mozel, 03:09:38 11/20/09 Fri
http://pimpinturtle.com/2008/09/23/godlikeproductionscom-tavistock--friend-of-dr-paul-or-foe-eerie-must-read.aspx
Fraud doth abound ...
[Edit]
- whatever happened to this ? ... THCitrus... Oranges that get you high -- mozel, 03:01:59 11/20/09 Fri
http://pimpinturtle.com/2009/01/16/thcitrus-oranges-that-get-you-high.aspx
[Edit]
- AU_NB -- mudturtle, 02:47:21 11/20/09 Fri
There is no way in hell that the FED would be buying the short range of the UST paper spectrum unless they are doing a headfake prior to a rise in short term interest rates. That is nuts on the face of it, so I will go back to my notion that some big money is parking SM profits in case that the SM pukes up blood from vast overvaluation and no hope for the productive economy.
The move into the extreme short end might presage some overdue TBTF failures that are even bigger than the phony accounting rules allowed for commercial real estate.
If that is the case we will see the horrid losses in insurance company portfolios that I have been ragging about for two years.
For those that have a pile in insurance company financial instruments, it might be a prudent move to get away from the insurance company and park it in negative rate short term paper of the greatest bankrupt goomint.
[Edit]
- I wonder if anybody is checking for titanium eagles among the gold eagles. -- mozel (), 01:44:12 11/20/09 Fri
Titanium Dropping in Price
http://wowenomics.wordpress.com/2009/10/20/titanium-dropping-in-price/
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[Edit]
- For Hambone: -- mudturtle, 02:31:10 11/20/09 Fri
This vote and the implications of same are of some big importance to USD POG. The political shift away from DC cannot be ignored.
The FED will react badly. We are dealing with childlike fools that will have extreme malice as motivation. Be sure to give generous donations to the Salvation Army this season.---- Be very generous and volunteer.
[Edit]
- Mr Mudturtle: Paulson/Grayson -- ballgame, 02:29:53 11/20/09 Fri
(I like your hypothesis on the coming soon big scare)
Listening to the roll call with only administration puppets saying "no".
Here's the roll call for those interested in listening:
http://video.aol.co.uk/video-detail/ron-paul-hr1207-substitute-amendment-roll-call-vote-19-nov-2009/24389
[Edit]
- Shedlock has a little on the back street machinations -- mudturtle, 02:25:11 11/20/09 Fri
of the fabulous FED. The FED got all of their whores and the large portion of the Congressional Black Caucus to vote with them. The Blacula filth somehow figures that the jig is up and will vote for anything that smells of the gravy train that they ride upon. The comments from those that are aghast with the voting profiles of the Black Caucus undermining the last chance of the now dead "middle class" are comical. The Black Caucus are only interested in looting their supposed constituencies of the black middle class in order to fund the underclass that will have this last vote one time for their heroes in the Black Caucus. They know that an audit of the FED will end their ward heeling bullshit forever. The Democrats that voted with Paul/Grayson have already jumped ship from Obama, and this was the shove. Heh, this is almost fun. The rats on both sides of the aisle are panicking.
http://globaleconomicanalysis.blogspot.com/
[Edit]
- a lot of tawk of gold forgeries emerging .. -- Delta-au -- Gidsek, 02:13:49 11/20/09 Fri
Remember the silver jewelry chains exhibiting magnetism stories a few years ago.
One of those internet newletter pundits flogged that story.
It just kind of faded away I don't remember how that ended.
[Edit]
- maybe .. -- Delta-au, 02:07:28 11/20/09 Fri
just maybe ..
paper beats metal ..
most certainly if it's tungsten metal ..
[Edit]
- a lot of tawk of gold forgeries emerging .. -- Delta-au (), 02:02:49 11/20/09 Fri
at precisely the time gold is 'sploding ..
interesting .. nest pas ?
..
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[Edit]
- AU_NB - stocks to treasuries to stocks to treasuries and back again -- morbius, 02:00:45 11/20/09 Fri
Whipsaw is stability of a sort.
[Edit]
- Delta -- Iainmac, 01:57:38 11/20/09 Fri
There are some forgeries of Victoria sovereigns that were made of platinum, so worth more now than the real thing.
Platinum Forgeries
Between the 1860's and about 1881, platinum was used, in Spain, to counterfeit gold coins including sovereigns. These were apparently made to order for a North American, the coins being mainly destined for use in South America. Although platinum is denser than gold, by alloying it with an appropriate amount of copper, it can be brought to the correct density. It was then gold plated, and apparently made very effective counterfeits. The practice is believed to have stopped only because the price of platinum rose to an uneconomic level. It is likely that the fakes would be worth more now than the originals. Platinum fake sovereigns have been recorded of shield sovereigns dated between 1861 and 1872.
http://www.goldsovereigns.co.uk/fakes.html
[Edit]
- 2nd chance .. -- Delta-au, 01:51:53 11/20/09 Fri
tungsten .. and now titanium ?
rotflmao .. have another drink ..
[Edit]
-
Bufford............... -- Gila_Bob, 01:30:09 11/20/09 Fri
Friend:
Wee only have to please Ourselves
With our P0$iti0n$
Sew g00d LucK
Big Bob
(NYTOL...................)
[Edit]
- Gila - thanks -- WileE, 01:30:07 11/20/09 Fri
an incredible artist.
[Edit]
- The_Vet ... SVR-un ... -- MoreGold, -- The_Vet, 01:24:19 11/20/09 Fri
I jumped into those warrants without fully checking them out and then found they didn't move for weeks regardless of what silver did. I eventually got out at a decent profit with a GTC order that took a week or so to fully fill and I could have made more by staying in, but the lack of volume was just too frustrating for me......
[Edit]
- G Bob..............I've been 2/3 out of pms since last Friday -- BUFFORD, 01:13:04 11/20/09 Fri
it can still go either way next week.
One thing for sure is that no matter how high gold goes they'll always be some stinky PM stocks somewhere.
[Edit]
- babylon hoye been in exhaustion mode since September -- BUFFORD, 01:08:51 11/20/09 Fri
http://www.321gold.com/editorials/hoye/hoye111409/1.gif
[Edit]
- mudturtle,- In order to move the 90 day Treasury btll yield that low -- AU_NB, 01:06:03 11/20/09 Fri
That is assuming a free market. What happens if the "Big" buyer is the FED, itself, and its agents, with money from the ether, then would the low rate still be indicative of the knowledge or sentiment of market participants (in the free market circumstances) and, if not, a low rate might not be indicative of a crash move in the SM?
I just keep seeing the creation of money, admitted and perhaps hidden, being used for the purposes of creating an impression of market conditions, and thereby setting up a situation similar to the Weimar, where the SM advanced as the confidence in the currency fell, but icbw.
Norcini Chart of tonight
http://jsmineset.com/wp-content/uploads/2009/11/Foreign-Custodial-Accounts11-2009.pdf
fwiw
[Edit]
- Internet Under Siege -- doran, 01:00:43 11/20/09 Fri
The free flow of information on the internet has also produced a reaction among those who are more concerned with getting out a specific message. If you have noticed the frequent appearance of bloggers and "talkbackers" on the various internet sites who write in less than perfect English and who always support attacking Iran and are defensive about Israel, sometimes overwhelming sites with garbage messages, you are not alone as it is clear that a sustained effort is underway to intimidate, influence opinion, and suppress opposing views. The United States and Israeli governments have taken the lead in putting out propaganda over the internet and there are also indications that several European countries, including Britain and Germany, are engaged in creating regulatory hurdles and countering information that they do not approve of. When the debate is open and the interlocutors are identifying themselves as government representatives one might well argue that the process is healthy as it permits a genuine exchange of views, but where the government hand is hidden the exchange should be regarded as little more than propaganda, what the old Soviet Union might well have referred to as "agitprop."
http://original.antiwar.com/giraldi/2009/11/18/internet-under-siege/
[Edit]
- moldy oldey -- Gila_Bob, 00:54:35 11/20/09 Fri
Friends:
Enjoy!!!!!!!!!!!!!
http://www.youtube.com/watch?v=8QghwNqlCRE
Big Bob
[Edit]
- W0W Bufford -- Gila_Bob, 00:52:18 11/20/09 Fri
Friend:
I had NO IDEA that u liked Mahinder...........
He's NWer'$ Personal g00-r00..............
I'm allah bout the g00-r00 from Guelph, myself
Butttttttttttttttttttttttttt
I never get anything Tradeable outta the Guy
LOL
Big Bob
(NWer digs that ashram zithir thingy.........LOL)
[Edit]
- Leibovit ..Uranium bottom -- BUFFORD, 00:46:52 11/20/09 Fri
http://www.moneytalks.net/index.php?option=com_content&view=article&id=2740:small-losses-equal-big-profits&catid=48:daily-updates&Itemid=88
[Edit]
- International Law And Israeli Propaganda -- doran, 00:28:23 11/20/09 Fri
Norman Finkelstein Interviewed on Danish TV
http://www.informationclearinghouse.info/article24015.htm
[Edit]
- In order to move the 90 day Treasury btll yield that low -- mudturtle, 00:26:08 11/20/09 Fri
there are some very big players, and plenty of them, that see that the next leg down is at hand.
ICBW DYoDD.
[Edit]
- I was wrong as usual on IRX- 90 day yields -- mudturtle (), 00:20:49 11/20/09 Fri
They closed at an implied yield of 0.0051% giving an interest income annualized at five dollars and ten cents on a million dollars invested.
If you daub your Maple once a year with an eyeglass tissue you will peel off more than that gombit yield from your coin.
Last edited by author: Fri November 20, 2009 00:21:46
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[Edit]
- House Finance Committee Votes To Audit Federal Reserve -- Iainmac, 00:20:55 11/20/09 Fri
A House panel has voted to approve legislation introduced by Texas Rep. Ron Paul that would allow Congress to audit the Federal Reserve.
The provision that passed the House Financial Services Committee Thursday would direct the Government Accountability Office to examine the Fed's monetary policy, specifically how much it lends to financial institutions, Marketwatch reported. The proposed audit would not include a review of the central bank's policy deliberations.
It's the first time in its 95-year history that the Fed would be subjected to government scrutiny.
The central bank's secrecy came under criticism last year when it used its emergency powers to pump hundreds of billions of dollars into the struggling financial sector. The Fed was not required to specify which institutions received the money.
The committee will vote on the entire bill Dec. 1.
http://www.politicsdaily.com/2009/11/19/house-finance-committee-votes-to-audit-federal-reserve/
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- OECD warns Britain risks 'debt spiral' -- doran, 00:10:50 11/20/09 Fri
Britain is at growing risk of a "public debt spiral" unless the Government takes "drastic" action to cut the deficit, according to the OECD, world's leading economic institution.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6608234/OECD-warns-Britain-risks-debt-spiral.html
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- What Richard Nixon knew about Watergate: forensic experts investigate -- doran, 00:09:16 11/20/09 Fri
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/6608529/What-Richard-Nixon-knew-about-Watergate-forensic-experts-investigate.html
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- how did your favorite guru do this week -- BUFFORD, 00:08:55 11/20/09 Fri
Here is this week trends from 16-20 November
Remember before trading on Monday and Wednesday (Monday is new Moon and from late Monday Moon is entering in the house of Scorpio) - Mid day Monday, Tuesday and Wednesday are astrological negative days for everyone. Whatever trade you do won’t be able to give you profit so don’t involve yourself into any new trading. Just finish pending work. We will see both side sharp movements in all markets so those who still like to trade should get in and get out quickly. If anything rise sharply in morning then will come down sharply in evening and if open is weak then it will close up.
GOLD/SILVER
I hate to predict when planets are very mix and no clear sign, this week first three days are same but then from Thursday situation is getting very clear like crystal. Last week we predicted that Tuesday and Wednesday gold/silver would trade positively and both of these days are important days for gold/silver. Had they traded weakly then weak trend would dominate, but last week weak trend never came on both of these days so gold and silver will trade as per short term planetary movement.
This week Monday metals will open up sharply and they will close weak or they will give up gains.
Tuesday and Wednesday any fall should be taken as a buying opportunity in gold and silver and any rise should be taken as selling opportunity.
Thursday metals will move down after trading positively in Asia and Friday take opportunity of selling as next week gold will fall sharply.
Gold and silver stocks won’t see this week prices again in the next one year so sell or go shorts in metal stocks on Monday and Tuesday. HUI will move from end of this week, so take put options in metals stocks and that will earn you great amount of money in the coming months.
Trading range of gold will be $1129.80 to $1101 and silver $17.88 to 16.81, if its break down side on Thursday then it will move down much more lower. If it trades higher more than 9 hours above $1129.80 then gold may hit $1153, silver $18.81 and that should be top of 2009/2010 but I don’t see gold reaching to that level because current week is final positive week for metals until Thursday and even current week is unpredictable as planets are not in clear mood.
COPPER/PLATINUM/PALLADIUM
Next two weeks Palladium prices would move up sharply as after one year Venus as starting supporting palladium. We see palladium prices move to $400 or above from here. Short term traders can take final positions and get out from next week.
Platinum will remain sideways or bit positive during this week, so avoid trading platinum at this level. If you remember last year when we call platinum to fall from $2250 to $900 and it was hard to believe that time but that prediction made fortune to my few close personal clients because in few months Platinum crashed.
Copper will come down...
STOCK MARKETS
This week we see huge volatility in stock markets. We see sharp rise..
COTTON/COFFEE
Last week both of these soft commodities have move down sharply as predicted. We see.....
SUGAR/COCOA
Both of soft commodities also traded as predicted. This week we see sugar prices moving up on Monday and positive or sideways trend will remain until....
TREAUSRY BOND
This week bond prices will move up and this move will surprise many.....
GRAINS
This week grain prices will remain...
OIL
Last week oil traded as predicted. This week Monday oil prices will move up, Tuesday and Wednesday oil will trade both side so any sharp rise...
CURRENCY
Last week US Dollar have shown some positive signs. All negative news and market up-trends couldn’t break dollar on the downside. USD is holding rock solid. Thursday and Friday there will be huge up move in USD so accumulate on each day on weakness. Dollar index will trade between $75 to $77.
British pound will remain the weakest among all currencies so sell pound on Monday. Pound can fall big way on Thursday and Friday. Next week we see pound prices falling below 1.60 so great time has come to make money.
Euro will also trade weakly during this week. Great time to build short positions in euro but major falls will come from next week in Euro and I won’t be surprised to see Euro fall to below 1.40.
Australian and Canadian dollar will remain sideways and volatile in both directions so trade carefully. Thursday and Friday both of these currencies will move down sharply and next week we may see blood bath of these currencies.
Indian rupee, Rand and Brazilian Real will remain stable during this week so avoid trading these currencies.
Yen will top out during this week and weak trend will begin from next week. Monday and Tuesday yen will remain stable, we see downward trend on Wednesday to Friday but huge downward will come from next week. Yen will be a currency which will gain against GOLD as well as against all currencies except USD in coming time.
Swiss Franc will remain sideways during this week. Next week Franc will fall sharply.
NOTE: All indicators are indicating fall in commodities and stock markets from end of this week and sharp fall from next week so this is a great week to build positions. Also dollar outlook is very strong from Thursday but especially from next week dollar will be ruling like a real KING. Watch our USD prediction as this prediction can make you fortune in coming time. Avoid metals and oil as they are in uncertain trend. Stock markets are trading in very confusing zone so the only clear trend is USD and one should go ahead with it.
One of the leading banks has sent us a message: Mahendra if your dollar prediction comes true then we can nominate you the best trend predictor of the decade. I am very happy to receive this message. It doesn’t matter if I receive any reward or award but one thing I want to say again is that everyone is trying to predict market trend and we also try to do so too. We don’t know how many people trust their own theory but we trust our theory 1,000%.
Fed or policy makers around the globe they changes their view as per economy data but we remain on the same line what we predicted because there was astrological reasons when we come out with our predictions. Does anyone on this planet believe that gold would fall to $550 and dollar index toward 140? I think no one does but we do because that's what planets indicate, so take put and call trades.
Trade with stop-loss as this is final week of the party and new trend is about to begin non-stop from here. Yes, we have lost money on dollar in the last four months but time is coming to repay us in multi folds. Whenever we are wrong we don’t feel ashamed. We accept that we are wrong, and we also ask apology for our incapability to see trends clearly. Whenever we come wrong, it doesn’t mean that astrology is wrong. Astrology is always right but we were not able to read it correctly.
Best trade of this week:
Once again we won’t to remind you that all false trends will take place from Monday to Wednesday, there will be sharp rise and fall in all markets so trade carefully as this is final week. There will be sharp corrections in metals any time and first correction will be more than 15%, so each rise during this week should be taken as selling opportunity. Fall can even happen from late Monday or Tuesday.
If you don’t have confident then stay away from markets as this is final week of battle in metals, stock and dollar.
Sell copper
Sell British Pound
Sell stocks and metals from Thursday
Thanks & God Bless
Mahendra Sharma
www.mahendraprophecy.com
[Edit]
- AU_NB -- mudturtle, 23:56:47 11/19/09 Thu
My comment was limited to your point on the MACD anyway. I am quite sure that the MACD in EUR/CAD/AUD/ZAR/NZD. etc are considerably lower in those than in USD. Thus, no bubble yet.
That is not to say that USD POG purchasing power is extremely high now. Gold PPP is very high in just about every currency. Those that want to buy real estate with Au/Ag in the US and in the Americas are looking at fantasy deals as compared to three years ago.
BTW, IRX, 30 day UST notes closed at an implied yield of 0.005%. If you have a million dollars you will get five dollars in interest for the year. Is this Crash v2.0?
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- @ SLV Just Keeps Growing ... Almost 300M Ozs. Wow -- MoreGold, 23:54:07 11/19/09 Thu
Ounces of Silver in Trust 293,087,484.400
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- China Passive on Dollar’s Level, PBOC’s Zhou Says -- doran, 23:44:15 11/19/09 Thu
“It’s like watching a tournament,” Zhou said at the BusinessWeek CEO Forum in Beijing today. “We just watch the game. Regardless who wins or loses, the issue of whether the winner or loser benefits the spectator doesn’t arise.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=arl7AjHI9aZg&pos=2
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- Levi Johnston poses for Playgirl -- doran, 23:41:33 11/19/09 Thu
The father of Sarah Palin's grandchild hits New York City in style
http://www.guardian.co.uk/lifeandstyle/lostinshowbiz/2009/nov/20/levi-johnston-playgirl-sarah-palin
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- @ Hehehehe This Is Utter BullShit ... -- MoreGold, 23:41:22 11/19/09 Thu
"" LONDON – Some of the gold bars kept by the Bank of England to prop up the pound in times of economic turmoil are showing cracks and fissures, a newspaper reported Saturday.
and
The problem is mainly due to the age of the bars, many of which were imported from United States in the 1930s and 1940s, the newspaper said, adding that many other central banks could face similar problems. ""
Re reading this, its total horseshit, even 10,000 years later the bars should be the same...
If they are ALL GOLD, then the only thing I could see causing this is if they were cast with flaws like Muds said, and then were banged around very hard or dropped.
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- mudturtle .. -- Delta-au (), 23:33:58 11/19/09 Thu
my BS detector was twitching on the story also ..
in general .. there so much BS around that ..
ya really have to work hard to find the grains of troof ..
..
Last edited by author: Thu November 19, 2009 23:41:14
Edited 1 time.
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- many of which were imported from United States in the 1930s and 1940s, -- mudturtle, 23:41:05 11/19/09 Thu
More utter crap. The flow of gold was decidedly one way from GB to the USA in those years, and especially in the late 1930's because of the lead up an entry of GB into yet another war.
A lie on every line.
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- mudturtle -- AU_NB, 23:37:30 11/19/09 Thu
Thanks back, but my comment about range days may not be accurate. I went back and found that for the historic 79-80 period, the web site only recorded the close price for each OHLC. Consequently, the number of gaps, most likely, would not be as represented on the chart.
But not withstanding, the reading of the high on the MACD would remain accurate, and Gold is currently no where near the 80 reading. Nor would the close recording invalidate the extended period where the MACD did not experience a negative crossover during the final two months of rise from about 400 to 800.
fwiw
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- All of these folks that are telling the tall tales -- mudturtle, 23:35:15 11/19/09 Thu
of 3000/6000/12000 glod are associated with some not so firms that are willing to sell it to YOU at this bargain basement price of 1150 spot plus a fourteen percent markup.(add shipping and handling.)
They are the most self sacrificing people on the earth.
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- Gang 'killed victims to extract their fat' -- doran, 23:34:36 11/19/09 Thu
Peruvian police have arrested a gang which allegedly killed scores of peasants, drained their bodies of fat and sold the liquid abroad as an anti-wrinkle cosmetic.
http://www.guardian.co.uk/world/2009/nov/20/peru-gang-killing-human-fat
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- Delta-au, 23:16 -- mudturtle, 23:29:19 11/19/09 Thu
Aside from the unnamed sources and witnesses, one has to assume that the BoE is populated by utter twits that could not discern a fake, or it was a heist from the get-go. I didn't believe that "story" then or now. Anyone that has the slightest experience with glod knows that it doesn't deteriorate. Otherwise our boy Nuggets wouldn't send his wife out with the metal detector to find nuggets that have been there for at least 6000 years (Archbishop Ussher), and more likely, millions.
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- World War Two: Lessons and Warnings -- doran, 23:28:55 11/19/09 Thu
When Hitler was a still unknown right-wing fanatic thumping the tables in the beer halls of Munich, Churchill, a government minister, was denouncing the Russian Revolution in terms that the Nazi regime would later employ.
In an article published in 1920 on the insidious role of what he termed the “international Jews,” Churchill wrote: “The adherents of this sinister confederacy are mostly men reared up among the unhappy populations of countries where Jews are persecuted on account of their race. Most, if not all, of them have forsaken the faith of their forefathers, and divorced from their minds all spiritual hopes of the next world. This movement among the Jews is not new. From the days of Spartacus-Weishaupt to those of Karl Marx, and down to Trotsky (Russia), Bela Kun (Hungary), Rosa Luxemburg (Germany), and Emma Goldman (United States), this world-wide conspiracy for the overthrow of civilization and for the reconstitution of society on the basis of arrested development, of envious malevolence, and impossible equality, has been steadily growing. It played … a definitely recognizable part in the tragedy of the French Revolution. It has been the mainspring of every subversive movement during the Nineteenth Century; and now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their heads and have become practically the undisputed masters of that enormous empire.” [1] Long before Hitler’s rantings against the Jew-Bolshevik conspiracy filled the air waves and newspaper pages, Churchill had advanced it—not accidentally, in the same year that the most infamous anti-Semitic tract, The Protocols of the Elders of Zion, was launched.
http://www.wsws.org/articles/2009/nov2009/nbww-n18.shtml
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- @ ""If gold is money again"" ... Do "They" Have A Choice In The Matter??? -- MoreGold, 23:28:29 11/19/09 Thu
Jim Rickards: If gold is money again, it goes to between $4,000 and $11,000
4:15p ET Thursday, November 19, 2009
Dear Friend of GATA and Gold:
Jim Rickards, director of market intelligence for McLean, Virginia-based consulting firm Omnis, was allowed onto CNBC again today to make gold-friendly comments. You may recall his blunt statement on CNBC back in September: "When you own gold, you're fighting every central bank in the world":
Today Rickards remarked that the United States and China are devaluing their currencies against each other in a game of chicken, that gold should easily reach $2,000 per ounce next year just as a matter of supply and demand, and that if gold should start being considered money again, it would have to rise to between $4,000 and $11,000 to support the big increase in the world's money supply.
You can watch Rickards' comments at the CNBC archive here:
http://www.cnbc.com/id/15840232?video=1336090735&play=1
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- some late strength in the PM's on ASX .. -- Delta-au, 23:27:43 11/19/09 Thu
a good sign for the next US session ..
[Edit]
- The_Vet, 23:05 -- mudturtle, 23:21:08 11/19/09 Thu
The easiest way to think about how pure gold would behave in a mixed bar is to think of all of those BWP posts on how an ounce of gold can be hammered and formed into enough gold leaf to cover his balcony and pigeons and walrus and all of the Gerbils in Ottawa. It will not form fissures with the expansion and contraction of a substrate that moves a few thousandths of an inch over the entire temperature range of the vault in the BoE. That is as preposterous as the official story of the collapse of the three WTC buildings.
[Edit]
- @ GOLD / Tungsten ??? -- MoreGold, 23:18:45 11/19/09 Thu
I also suspect that if GOLD is cast over tungsten it would not bond well, probably leaving spaces between the 2 metals that could be detected.
You'd have to be a master metalurgist to pull this thing off...
[Edit]
- As US debt tops $12 trillion, Obama calls for austerity -- doran, 23:18:12 11/19/09 Thu
That the US debt is unsustainable is beyond question. According to the Treasury Department, Washington was compelled to pay $383 billion over the course of the last fiscal year just in interest on the public debt. Given that total revenues from individual federal income taxes amount to $904 billion, 40 cents out of every dollar paid by US taxpayers is going to service the debt.
Meanwhile, the tensions with China are indicative of global concerns over record US deficits and Federal Reserve lending rates of near zero that are driving central banks internationally to shift their holdings from the US dollar to other currencies such as the euro and the yen, as well as to gold.
http://www.wsws.org/articles/2009/nov2009/defi-n19.shtml
[Edit]
- London Bars .. -- Delta-au, 23:16:04 11/19/09 Thu
Saturday, September 29, 2007
LONDON – Some of the gold bars kept by the Bank of England to prop up the pound in times of economic turmoil are showing cracks and fissures, a newspaper reported Saturday.
Experts say the deterioration could temporarily reduce the value of the country’s 320 tonnes in gold reserves, which the central bank keeps on the government’s behalf, the Times reported.
The complete British reserve is worth around $8 billion.
Bank of England officials were not immediately available for comment.
The bank confirmed the deterioration in response to a Freedom of Information request by the trade journal Metal Bulletin. The bank said it was working to establish how much of gold reserves are affect – but believes it is a small proportion, the report said.
“This is not about purity, this is about physical appearance,” the newspaper quoted the bank as saying.
The deterioration will only be an issue if the central bank needs to sell the gold. It would then have to be sent off to a refiner so it could be melted down and turned into new bars, the report said.
The problem is mainly due to the age of the bars, many of which were imported from United States in the 1930s and 1940s, the newspaper said, adding that many other central banks could face similar problems.
The bank’s reserves were now too small, relative to the size of Britain’s $2.4 trillion economy, for the cracks to be an issue, said Jonathan Davis, of Armstrong Davis Chartered Financial Planners.
http://www.coinlink.com/News/gold-silver-bullion/cracks-showing-in-bank-of-englands-reserve-gold-bars-says-report/
----------------------------------------------------------
key phrase .. " ..many of which were imported from United States in the 1930s and 1940s .. "
----------------------------------------------------------
given the liklihood the bars were made pre-1950's ..
imho .. it's doubtful they were tungsten at all ..
[Edit]
- @ The_Vet ... SVR-un ... -- MoreGold, 23:14:35 11/19/09 Thu
Thanks for that info the other day.
I didn't realize they have 1/1 warrants out, it does change the dynamics on this one.
The trading doesn't even follow the POS.
I may take another stab at it if it gets well cheaper relative to the POS.
[Edit]
- The Ron Paul/Alan Grayson amendment was a very big deal -- mudturtle, 23:07:18 11/19/09 Thu
The FED is coming out with every whore "economist" on their payroll to denounce the "meddling" of the plebes. The fecks are scurrying back to their bastion on Maiden Lane to plan a big scare coming soon in the markets. They will not back down from their big plan.
This is going to be most interesting. Be sure to have enough food and fuel so that you can watch their next gambit without having to stand in line with the hoi-polloi for a box of macaroni and cheese powder.
[Edit]
- mudturtle, Gold is way too ductile to show any "fissures" -- The_Vet, 23:05:12 11/19/09 Thu
Absolutely true with a pure or near to pure gold bar, but I wonder about a plated tungsten bar where the two metals are a virtual bi-metallic strip. Tungsten hardly expands at all so there would be some "working" of the surface gold as it expanded and contracted over the centre slug. It would depend on the thickness of the gold to a large degree, but if anyone would care to donate a couple of real bars and a couple of "fakes" I would be prepared to investigate.....
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- AU_NB -- mudturtle, 22:55:13 11/19/09 Thu
thanks for the historical chart ca. 1980. I have never seen that one.
For further evidence of a non-blowoff in glod you might look at Euro POG or especially the blow off currencies like AUD POG.
[Edit]
- The Vet , 22:13 -- mudturtle, 22:47:03 11/19/09 Thu
Gold is way too ductile to show any "fissures" from small ranges of temperature found in London.
My guess on the reported fissures are merely cold shuts that are common in any metal casting when poured or injected at a non-uniform temperature gradient. It is one of the most common flaws in the foundry and one of the most difficult to eliminate in intricate castings. A lump like a glod bar is not done for beauty, so poor casting technique that weakens the bar means nothing in the end use. Crappy casting temperature control is obvious in several of the kilo bars that I have seen, so an ugly 400 oz bar is hardly surprising.
[Edit]
- mudturtle - You need to relax -- morbius, 22:47:00 11/19/09 Thu
Go to Vegas and watch the roulette wheel and then you can beat yourself for not putting everything on the last number that came up. Gold might not be as flashy as rhodium (though gold may surprise you) but it is an unassailable financial position. Even TCUYA is gonna have a hard time with gold. They can make it illegal, but they can't make it worthless.
[Edit]
- Gold Cash Daily Comparison -- AU_NB (), 22:27:50 11/19/09 Thu
Heck, we haven't started yet. Just look at the price action and MACD.
Today:
1979=1980:
fwiw
jmho
icbw
dyodd
Last edited by author: Thu November 19, 2009 22:34:07
Edited 1 time.
[Edit]
- - -- faloffal, 22:26:15 11/19/09 Thu
which gold co hedging tomorrow?
will it be your AU miner?
[Edit]
- - -- faloffal, 22:18:19 11/19/09 Thu
Gross from Bloomberg link
“The potential for a deflationary downdraft continues for several years” if economic growth doesn’t accelerate, Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, said in a Sept. 29 interview with Bloomberg Radio.
“There’s been a significant flattening on the long end of the curve,” reflecting concern about deflation, said Pacific Investment’s Gross, 65, who is buying longer-maturity Treasuries in response."
[Edit]
- - -- faloffal, 22:14:38 11/19/09 Thu
“Deflation is definitely a threat right now,” Nobel laureate Joseph Stiglitz, 66, a professor at Columbia University in New York, said in a Sept. 22 interview. “The combination of the deflation threat and the sluggish recovery should keep the Fed on hold for quite a while.”
'Consumer prices are experiencing deflation, with the consumer price index sliding for six straight months from year- earlier levels, the longest stretch of declines since a 12-month drop from September 1954 to August 1955, according to the Labor Department.
http://www.bloomberg.com/apps/news?pid=20601068&sid=ame31IjWda6w
[Edit]
- We will never know if the tungsten story has any validity or not... -- The_Vet (), 22:13:12 11/19/09 Thu
but one curious report of some time past which concerned the BOE gold stash being "not up to good delivery specifications" and reports of "cracks and fissures" in the bars, popped into mind.
I just struck me that a gold plated tungsten bar would likely display cracks and fissues for no other reason than the vast differences in the coefficients of expansion between gold and tungsten. The coefficient of expansion of gold is roughly double that of tungsten so even moderate alternate cooling and heating of a composite bar could easily cause surface cracks, something that never occurs with pure gold or even with most alloys of gold.
Last edited by author: Thu November 19, 2009 22:14:02
Edited 1 time.
[Edit]
- the round-ball game .. -- Delta-au, 22:08:31 11/19/09 Thu
anyone watch France cheat its way to "victory" over Ireland yesterday? Handball incident by France right on goal-line ..
Irish Prime Minister Brian Cowen called on world football's governing body FIFA to order that the World Cup qualifier be played again. Asked if he backed the Football Association of Ireland's call for a re-match, Mr Cowen said: "Yes, I do. Our minister of sport will write to FIFA in support of that complaint and look for a re-match," he said.
Mr Cowen also paid tribute to the French footballing public's outpouring of sympathy for the Irish - turning on their own team He said they had been "making it clear in great numbers that there is a lot of disquiet about the manner of the goal."
The Republic of Ireland team has told Thierry Henry and France that they have a moral obligation to grant them a rematch of the World Cup play-off second-leg.
[Edit]
- What would a currency crisis be nowadays ? -- mozel, 21:59:17 11/19/09 Thu
It surely can't have anything to do with insolvency.
[Edit]
- $6300 Gold -- ballgame -- mudturtle, 21:51:53 11/19/09 Thu
That type of speculation on, "what if", is a waste of time. FWIW, in the highs of the 800+ POG in 1980, the US gold reserves backed the USD at as much as 140%.
Keep a very level head on the PPP of gold now in all currencies. It is very high unless a currency crisis is imminent.
As for me I don't think that it is imminent. It will roll down the hill soon, but not so soon that there cannot be some "corrections". I am very impressed with the price action of the past two months though.
[Edit]
- All of the BOE auctioned gold was gold plated tungsten ... -- mozel, 21:32:53 11/19/09 Thu
go to the archives and re-read the auction terms ...
[Edit]
- mudturtle..........I'll never have .........well, how about silver at $60 ? -- AZAU, 21:28:44 11/19/09 Thu
perhaps there are more triples on their way.
seems like the more pronounced is the "recovery", the higher POG and unemployment get.
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![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
