Oldtent Archives 2010

Freestate I have some of this..bought around .15 on his reco… you made me think and check. Liked the story at the time…then a share dilution?  keep me posted and thanks for pointing out I made some money today…all the best!

then go to “editorials” in the white box at the top. Go to favorite authors and highlight Bob Moriarity. There should be several good editorials on Arian Silver over the last few years. I have bought it over several years and never sold a share because I have a hunch it will pay off big. JMHO. Good Luck!

Fractal Gold Report for January 20, 2010

By David Nichols
dnichols@fractalpublishing.com

Gold has been quite sluggish over the past 3 trading sessions, since the low on Day 43. But the good news is the $1,129 energy level continues to provide stalwart support.

You may recall that this $1,129 level is the 38.2% retracement of the recovery rally to this point, and markets invariably come back to visit this 38.2% level as a way to sustain the underlying trending energy.

But $1,129 is also a major fractal energy level from the big controlling pattern that launched all the way back at the double bottom in Oct. and Nov. 2008, over 14 months ago. (That was the Month 38 bottom, with those brief forays under $700.)

So there are some very good reasons why $1,129 is providing a lift, but it’s a bit disappointing that there is not more slingshot energy off there at this point. But considering how well the dollar index performed on Tuesday, it was quite a testament to the underlying strength in gold that it could even remain positive on the day. Furthermore, gold started to accelerate up whenever the dollar started drifting back down, so it looks like there is plenty of positive “gearing” between gold and the dollar right here.

I mentioned last week that gold looks to be involved in a short-term consolidation triangle, and this kept up on Tuesday. However, it is getting close to the apex, so a resolution is coming soon.

The 150-minute chart is loaded up with available energy, and although this can sometimes be tricky, it does appear that an early breakout attempt is trying to take over, to move gold above the boundaries of this short-term triangle.

It can be important to watch these triangles — but again, sometimes misleading, so we can’t rely solely on them — as it’s another way to determine if a developing move is made up of a new energy burst, or simply equilibrium-seeking behavior after the last energy surge. Triangles are closely identified with this type of equilibrium-seeking behavior in markets, as the energy settles with each successive bounce, just as a bouncing ball will make lower and lower bounces as it settles on the ground.

Gold needs to get going up more forcefully this week if it’s going to avoid being stuck in a sideways consolidation until mid-March. It’s looking more and more like this will be the case, but it’s not too late for an upside blast to get the bigger growth pattern on track.

Either way, I still think a move up to at least $1,192 is in the picture over the next few weeks, particularly as it continues to look like Day 43 will mark a bottom.

If light stay on for more than 4 hours call your erectrician

Maybe we won’t have to face this one much longer, who knows?

tell us more and where to find it on Bob’s website…thanks for the heads up

But where is the big rally? We’ll see tomorrow…and Cramer’s expecting a big rally if a Republican wins, so that about guarantees that there won’t be one… IBM spiked up a coupla bucks after the close–on good earnings–and is now down 2+ bucks…

M that is just one of the reasons we love you…Hi from the west coast of Florida!

I’ve been in and out all evening.

No chocolates. Got to stay gorgeous. Got to get the dinner for hubby too. He likes to eat occasionally.  Bye for now.

We can’t seem to get a rise out of Margaret….She is acting cool and hard to get….Maybe one of us send her chocolate..covered hearts…and then we start this conversation all over again.haaa

Your on the short list for Beliizan Girls Beach Volleyball referee….

Gorgeous. And very modest as well.

What will that wicked witch Pelosi and her flying monkeys do now ?

Reminds me of the old movie: “Mr. Smith goes to Washington.”

Put your pants on Mr. Brown..and don’t let them shout you down.

I suspected as much!!!

buymore

I’m at my best laying on a coral sand beach under a shading palm……. watching, judging…….. with a dark rum, company & good tobacco….. I’ve had lots of experience at this…….. familiar with the climate………. slightly bi-lingual ……..references on request…..

buymore

…he kinda always looked like a sacrificial lamb ..eh ?

….FTS…..Godfather…(Part time )….Cosmic Train….and others….step up and take a bow….

…

Gee, More Duplicity (Is Someone’s Nomination In Trouble?)

Bernanke has apparently changed his tune on AIG and The Fed:

Jan. 19 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the central bank would welcome a “full review” of its aid to American International Group Inc. by congressional auditors and make all necessary records and personnel available to them.

“To afford the public the most complete possible understanding of our decisions and actions in this matter, and to provide a comprehensive response to questions that have been raised by members of Congress, the Federal Reserve would welcome a full review by GAO of all aspects of our involvement in the extension of credit to AIG,” Bernanke said today in a letter to Gene Dodaro, acting head of the Government Accountability Office. The Fed released the letter.

So what’s the difference between this and a full audit of The Fed?

Nothing, right?  After all, to afford the public the most complete possible understanding of our decisions and actions in this matter Bernanke now asserts that it is “ok” for the GAO to audit The Fed.

Oh wait - isn’t that what Ron Paul’s bill has been seeking since this entire thing began and in fact prior to that time?

Better go talk to Lacker about this - remember, he’s been issuing threats…

Lacker criticized legislation before Congress that would rescind an exemption on government audits of monetary policy and give politicians a greater say over the appointment of Fed bank directors and presidents.

“Such moves would present very serious risks to the effectiveness of monetary policy and ultimately to economic growth and stability,” Lacker said in a speech today to the Risk Management Association in Richmond, Virginia.

So let’s see, we can’t have the public find out what sort of mistakes we made, but it’s ok if the GAO performs an audit after, and only after, Congress issues SUBPOENAS for all of the information anyway.

What a load of crap.

IF Bernanke truly had no problem with Congress (and the people) knowing what they had done when AIG was rescued they would not have waited until there were SUBPOENAS already on their desk that COMPEL them to release the information!

This sort of two-faced forked-tongue BS is outrageous. 

Instead of saying “oh ok” the proper response is for Congress to turn around and issue a subpoena for ALL DOCUMENTS in any form whatsoever related to any and all bailout, handout, and policy decisions from 2000 onward when this mess began so that, as Bernanke has now said, WE THE PEOPLE can have the most complete possible understanding of The Fed’s decisions.

After all, Bernanke now says that we the people have the right to know.

“The Scott heard around the world”!

JBI

PS - But I don’t expect BO to join the “Campaign for Ron Paul” anytime soon.

We have some hope & change after all

http://news.yahoo.com/s/ap/us_massachusetts_senate