Oldtent Archives 2010

I prefer not to speculate as to its meaning.

I’m sure Ferret would be pleased to tell you, but could it please be in the chat room.

A head line ——–

MSNBC Reporter Complains About the Media Accommodations in Haiti

Whining about lack of five-star accommodations as the dead are still being found.

until their Dark Masters tell them to. The CFTC is a corrupt, bought and paid for bunch of scumbags who should be strung up from the lamposts along Washingtons scenic K street. Their “new” leader is just the latest in a long series of shitbag’s that have occupied that post. I hope I’m not being too vague here.

Gold is a constant………a falling value in the Dollar is due to Dollar inflation, thus he is speaking inflation all the way.  During Dollar inflation “value and price diverge” so yes, down in value, but up in price for most things denominated in the Dollar.

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I just read Russell’s Deflation article

by Fullgoldcrown @ 22:47 pm.

..he is talking deflation alright….but not deflation in dollar terms…Deflation in Gold terms !….which as Russell says….is the only real money …

….everything including Currencies will go down in Value (deflate)

…thats a deflation I can support…

James Mc…

Lumber: The last (free enterprise) frontier

Bill,
Once again we can get a breath of fresh air from the lumber market, one of the few remaining non-rigged commodities left in the country. This report is from Brian Leonard, of Leonard Commodities in Chicago:

“It looks like De ja vu down here as shorts are getting squeezed again going into expiration. The market spiked higher yesterday after actually touching limit down the previous day. Most of the gain occurred after hours as reports of good cash activity and higher mill prices pushed shorts out. It seems as if we continue to have buyers waiting for last minute deals only to have to pay up. It didn’t look like the case this time because of the abundance of EFP’s already executed. Underlying demand is obviously better than most thought. Last November the funds came in after the initial run up to continue the rally. We will see if that is the case again.”

Pinch me I’m dreaming. THE SHORTS ARE GETTING SQUEEZED INTO EXPIRATION. Even better good cash activity is routing the shorts, with an abundance of EFP’s readily accounted for. And to top it all off the mills pounced on the opportunity and raised prices on their product! Holy Gary Gensler, the cash lumber market is driving the futures!!! Note too he says the shorts are getting squeezed AGAIN , as in this happens all the time. Multiple limit-up days in a row, what a novel concept! Maybe the Comex warehouse dealers should check in with Canfor and West Fraser for a lesson in reporting inventory movement. I’m sure those lumber ruffians up in Canadian BC have a better method of tracking physical deliveries, such as a pencil on the back of an envelope.

If JP Morgan and Goldman Sachs ever determine lumber is a significant barometer of inflation expectations they’ll be all over it too. Until then we can look at that tiny little lumber pit at the CBOT as one of the few remaining bastions of free enterprise. Compared to the daily mugging in the Crimex gold pit lumber looks downright quaint.

Lumber short squeezes into expiration the past 20 years: 100

Gold short squeezes into expiration the past 20 years: 0
James Mc

did not actually check out the details of what you were saying. We remain holders of Taseko in our family portfolio, so tomorrow I will check out the Taseko trading.

….I would love to see what a dead dingo’s donger is

13:28 14Jan10 RTRS-U.S. CFTC to consider gold, silver position limits

WASHINGTON, Jan 14 (Reuters) - The chairman of the U.S. Commodity Futures Trading Commission said on Thursday that the agency’s planned meeting in early March to discuss possible position limits on metal futures and options contracts will focus on gold and silver contracts. (Reporting by Tom Doggett)
Frank Tang
Journalist
Reuters

“GET AFTER THEIR ASS,” said a Texas football coach years ago. And that is exactly what the GATA camp and Ted Butler and his forces have done for a very long time.

This is why GATA went to see the CFTC last December. This is why I have kept telling Café members that Bart Chilton is a good man, and quietly working hard to get our issues out there as best he can.

This is as good as can be expected at this point in time. You can be sure that the GATA camp will be well prepared for the coming hearings. More on that later.

This CFTC news is HUGE (comparable to the Indian central bank buying of 200 tonnes of gold from the IMF), even though few outside the GATA camp AND THE GOLD CARTEL, will appreciate the ramifications of what is to come. From yesterday’s MIDAS:

Hi Dave
What do you think is going on in silver? It is trading like a totally different market so far this year?
Do you think it could have anything to do with the CFTC?
B

…Yes, it’s very difficult for me to believe the CFTC will do anything about JP Morgan. But perhaps the issue will surface in some way. Dracula can’t stand the light of day and neither can JP Morgan’s short silver position. If so, it could set off bells and whistles, which the CFTC might have to respond to.

***

And SO BE IT! GATA, and our suit against the Fed, has not been allowed to see the light of day in the US. What we know is THAT big a deal. It is a main reason the Fed is so against Congressman Ron Paul and his Fed Audit bill. It is why GATA’s lawsuit is so important.

All we need is for investors in the US, and around the world, to take a look at THE FACTS about the gold/silver price manipulation scheme, and what is behind it. Once they go there, they will begin to know what we know and WHY the price of gold (and silver) has to soar to clear the market. Once they realize there is a massive short position in gold and silver, which cannot be covered unless the prices of gold and silver go to much higher levels, the newly enlightened investors will pour into both markets, making The Gold Cartel’s task an impossible one.

It is helpful to keep in mind that GATA has been right about the gold price for a decade now, while most of the mainstream gold world analysts and Planet Wall Street have had it all wrong. It is precisely because we understand the real fundamentals and they do not because they refuse to deal with, and acknowledge, The Gold Cartel.

While it would be significant if the CFTC establishes limits on The Gold Cartel’s short gold and silver positions, it is just important that the subject matter be exposed to the investment world, most of which have no idea what is going on. These hearings, along with GATA’s lawsuit, are big steps in that direction.

Whether Morgan and the rest of the cabal will shift their shorts to the over-the-counter market is another matter, which will be discussed down the road. For now, we can relish the fact that GATA and Ted Butler will be heard.

AND, there is no doubt in my mind this announcement is an “Uh Oh” moment for The Gold Cartel and other shorts.

Plenty of dentists here, heaps of them in fact, keep tripping over them with their “will extract teeth for gold” signs in fact, and you’d hate the climate, the dingoes, the beer, driving on the wrong side of the road etc. etc. ….

Well, now you are hearing it again…we are going to and thru $1650. We are on the local not the express train.  By the by…did you not read my earlier post regarding Taseko…You are slipping Equis…

..he is talking deflation alright….but not deflation in dollar terms…Deflation in Gold terms !….which as Russell says….is the only real money …

….everything including Currencies will go down in Value (deflate)

…thats a deflation I can support…

….do I have to move to the southern hemesphere now ?

Quote

When you’re willing to agree that gold, not the dollar, is the universal immutable standard, you can see that the forces of deflation are taking over.

“”"”
TQ…Id say we were ALL Right…INDEFLATION after all…
….Bill H (and PMF) have it……we are ALL right…we’re having both at once

arch09.goldtent.net/2010/01/12/bill-hfrom-midashyperinflation-and-deflation-both-at-the-same-time/
“”"”

The first guy to teach me to think for myself about all this stuff was Jim Puplava at Financialsense.com He said right from the beginning that we ‘d have inflation, probably hyperinflation in some classes, and deflation. All at the same time.

It boils down to this. There has never been a time like this before. There has never been so much debt, there has never been so much monetary inflation, and there have never been such powerful forces pushing deflation. The old rules of thumb have been stretched past breaking point. At a practical level it means the things you need will cost more, a lot more. The things you don’t need will cost a lot less. Gold WILL be the last man standing, but probably he will be surrounded by such desolation he may wish he wasn’t.

In the meantime, whoever coined the term ‘Hyperindeflation’ should be awarded the Goldtent Gold Medal.

“For instance one year I grew some heirloom corn and it was huge, 8 or 9 feet tall but only had one ear of corn.  It would be nice to have vegetables that bred true but yielded like modern hybrids.   Anyone know of a non-hybrid corn that has a good yield?”

Ha ha.  It’s not supposed to be easy, you know.  But on the plus side you get heaps of mulch.

But if these firms are such rugged individualists, why do they persist in borrowing on the public’s credit rather than their own? And why did they do it in the first place? After all, unlike with the TARP, participation in the TLGP program was entirely voluntary. Here’s a list of the banks that opted out of the program: You’ll note that the Wall Street biggies aren’t on it. At any time, the banks could go out into the public markets and raise debt to replace the taxpayer-subsidized borrowings. But they haven’t. The reason: It would make them less profitable. Take Goldman. The chart shows that Goldman was paying a blended rate of 0.767 percent annual interest on $21.3 billion in FDIC-guaranteed debt. For every 100 basis points (i.e., if that debt bore an interest rate of 1.7 percent instead of 0.7 percent), Goldman is saving $213 million in interest costs per year. In the spring of 2009, when much of this debt was issued, the spread—i.e., the difference between the interest rates charged to private-sector corporate borrowers and to the government borrowers—was significant. In April 2009, it stood at 540 basis points. I don’t know what to call this other than a huge subsidy.

http://www.newsweek.com/id/230530

imageshack

i finally linked your complete charts at the sidebar..Goldtent Charts….I hadnt looked in a while…they are excellent….wave c down in Hui…hmmmm….you certainly make it look……. gulp…plausable

tinyurl.com/yej2f8r

Better expand that garden!

on a related note…I have bought seeds here before

http://www.heirloomseeds.com/

but heirloom seeds have some disadvantages.  For instance one year I grew some heirloom corn and it was huge, 8 or 9 feet tall but only had one ear of corn.  It would be nice to have vegetables that bred true but yielded like modern hybrids.   Anyone know of a non-hybrid corn that has a good yield?

drubbing that the Euro is taking tonight. JMO

Well, at least you didn’t use the Z word.

Why am I not surprised?

http://abcnews.go.com/Health/SwineFluNews/swine-flu-blown-proportion/story?id=9270149&cid=yahoo_pitchlist

…thats how the Cretins will kill us off