Oldtent Archives 2010

i am going to apply for a “hemp permit” in belize so i can supply wanka with some high quality rope. i will take care of the quality control. a few “fat boys” never hurt anyone. you may even get off cigarettes. a “fat boy” or two would even make bertha, belcha and burpa attractive enough for you to investigate. we can dip those marlboros in some hemp oil for a little added “kick”. farmgal may even like the “new you”. give taylor a little and watch him swan dive off his porch. lots of opportunities await.

rno

The manipulation is only in paper products………………and noise is simply a distraction to ignore as one clings to the fundamentals at hand……………..

=========================

JS

Dear Comrades In Golden Arms,
 
Because of paper gold, market games can be played. What cannot be done is for paper gold to produce bullion.
 
The bullies can attack the paper gold market in unison, but they cannot create supply in real bullion with the ease of highly leveraged paper.
 
The pros depend on the under-financed public to stampede under the pressure of fear of loss.
 
Believe me, I used to run the locals (pros) all over the lot, and on occasion I got significant paybacks.
 
However, in the final analysis all we did was add noise to a market that went from $40 to $887.50 Real gold (bullion) is in meagre supply.
 
What that means is algorithms must lose and fundamentals must rule.
 
All the violent trading resulting in ever increasing volatility in the gold price is but manic noise inside of a major uptrend that will make me look bad for having been too conservative in my year 2000 price objective of $1650.
 
If you had lived through a top in the gold market, you would know that without any question whatsoever, this is not it.

Seems to me that it might be more vital than that since lives, especially of the young are at stake.  As time passes, it also might be much more difficult to engage such an issue with more and more monied interests moving South.  Can’t you delegate that responsibility to some trusted mountie secretary……………….uhhummm…………. like Augirl?  Isn’t that what she is getting the big bucks for, anyway?

…………to see how Nichols will deal with his arbitrary “64 month PM Bull” when it blows up in his face.   Afterall, we are in month 52 with only 12 arbitrary months left in a cycle that has over 2 years left to run.   Maybe I’ll give him a shout………………..lol.

This is true …it can be worked on in time …I am only taking what comes in close proximity to me lately …the dang Jamacian tired me out a bit….But many many good things can be worked out down here….

By the way this goofy downdraft is about over ….

Fractal Gold Report for January 22, 2010

By David Nichols
dnichols@fractalpublishing.com

Financial markets took an ugly turn south on Thursday, with gold also going along for the ride down. It’s disconcerting that $1,110 did not hold up right here, as that shows the potential for a more challenging sort of triangle consolidation over the next few months.

Before getting into that, I need to provide some background information on triangle consolidations — or equilibrium-seeking consolidations, to use a more appropriate term.

One of the reasons consolidation patterns can be so difficult to predict is there are a variety of different shapes that a triangle can take, depending on where the dominant energy level is, and unfortunately the shape can really only be clear in hindsight.

I’m not saying that as an excuse as to why I’m not better at predicting every move in a consolidation pattern. I’m just acknowledging — I think, wisely — that some market patterns are more difficult to predict than others, and consolidation patterns, due to their non-trending nature, are more difficult to anticipate in real-time.

Let’s go back and take a closer look at some of the triangle consolidation patterns that have already formed during gold’s long growth pattern, which is now over 52 months old, on the way to the top in Month 64.

The most difficult triangle pattern was after the first spike top, way back in May 2006, in the early months of the growth pattern. I’m highlighting this one because it looks like it could be similar to the one developing now.

During that consolidation, gold spent most of that time in the bottom part of the range, bouncing off the floor, and never really challenging the spike high. Of course the ultimate resolution was a scorching move higher, but such a consolidation makes it more challenging for the bulls to keep the faith in real-time.

It’s quite a bit easier when gold forms a classic “flag” pattern, as the there is plenty of upside pressure during those triangles to off-set the pull-backs.

This “flag” triangle back in 2007 was the mid-point re-charge on the move up that eventually culminated in the March 2008 top, which was the first time gold made it above $1,000. So it was a powerful pattern too.

No matter what kind of triangle consolidation pattern forms now and out into mid-March, this should be the all-time blockbuster year for gold. There are so many amazing parallels between the NDX 64-month growth pattern and the current pattern in gold. I’ve circled on the monthly NDX chart what I think is the equivalent period to gold right now.

It’s quite remarkable that even the monthly count is almost identically aligned. And it’s more than a bit remarkable that after that 4-month consolidation, the NDX took off straight up, more than doubling from there into the 64-month top, with the largest gains coming in the last 6 months.

Also, don’t be fooled by how “small” those monthly candles look during the consolidation. That red candle was actually a bit bigger than the correction we’re seeing now in gold, percentage-wise; it just looks tiny in comparison to the subsequent gains.

I fully expect gold to double in price as well, stretching up to $2,300 by Jan. 2011.

But in the short-term, we’ll just have to deal with this pesky triangle consolidation pattern for a few more months. The good news is after March there should be very little pressure on gold bulls, all the way up to the top.

If medical care in Belize is not terribly regulated, why don’t you see if you can hook up old snake oil and Israeli with the medical people down there to see if they might be able to enhance their medical care with the use of homeopathic means?………or whatever the term is.  Seems to me that such methods might be much less obtuse/ obtrusive to a poorer country who has no corporate toes to step upon.  SO and Israeli could start some website called “HomeopathicDoc.com”, or some such variation.

Instead of people claiming that China is in a bubble by simply writing about one facet, here or there; I’d love to see someone post a fairly comprehensive reasoning of the hierarchy of fundamentals that suggest that China anything is in a bubble.

Certainly, a stock market that rises prolificly does not automatically classify it as a bubble.  A 50% re-trace certainly does not confirm a bubble.  Cities built that are left unused for some period of time are not a waste if the builders have a use for them.  If I own a house but choose not to live in it does that mean that the house is useless, or that I do not plan to live in it?

As Fully has stated, China has little debt in relation to the mineral wealth and growth that they have.  The empty cities smack of “central planning to me”, and the fact that they built a city for a million in a coal mining region may make sense, if one takes the past statment by JS about what would be needed in terms of resources for China to add just one light bulb to each house.

In terms of history, it seems to me that China is simply the place in current history seeing an industrial revolution take place.  Industrial revolutions climb a wall of worry much like Bull Markets.  The state of stock markets in such an environment is generally grossly effected by investors from outside the  country of IR, thus many times very volatile in both up and down directions based on external perceptions to that country and in complete odds with the country’s fundamentals at hand at most times.

Like I said, I’d love to see somebody fairly comprehensively address their opinion about
China, leaving out short-term considerations and the political opinions of the West.

I am glad you brought that up…in speaking with a developer today I mentioned a natural slanted Respiratory Clinic and his eyes lit up…it is true …many people come here and within days seemingly uncurable chronic sinus and lung infections start to noticably clear up…and for some reason love handles disappear in 5 weeks …I figure I can smoke an extra 25 years down here Haaaaaa

PM Fever

by kitcoblows @ 21:53 pm.

It appears you have all the answers. I am not surprised.

———————-

~ ~ ~ It is quite simple.  I do my homework, then debate with conviction.  I think debate is great because it forces everybody to offer his or her best.  If somebody offers something that appears to be worthwhile, I’ll change my stance in a heartbeat.  Yet, politics is generally just a distraction as politicians simply move the direction they are forced to- something that can generally be seen ahead of time in the markets as smart money leans that direction……………all, IMO, of course as is everything I ever write so don’t expect me to repeat that every time.

======================

Your experience in politics, markets and palm reading must be vast.

—————

~ ~ ~ LOL……….  It sounds like you are talking about Ferret…….he, he, he.  Look, experience can be a good thing, but that is only true if the experience is coupled with a methodical method that makes it useful.  If not, then a fundamental and methodical method will almost always trump experience.

======================

I talk to Congressional staff everyday, some retired, some still on the job. So, excuse me if I don’t think that you are full of it. I bought nothing today. And now you will see that Bernanke is in serious trouble, as I stated he was last evening.

————————

~ ~ ~ Talk to Cong. Staff every single day?  I really do offer my condolences.  I can think of nothing that could possibly be more dismal nor corrupting.  Who forces you to do such a ridiculous thing?   One of my best friends from high school helped to elect many of these boneheads, and even he doesn’t take them seriously.

I continued to buy PM explorers that I expect to appreciate 100x to 1000x over the next 3 to 6 years.  I used the proceeds from my trading account that appreciated about 250% over the last 2 to 3 weeks while you were bellyaching about manipulation.

Who cares about Bernanke?  Benny is just one of a gazillion drones who is willing and eager to print the Dollar to the moon.  Politics will do nothing but cloud your logic with a bunch of distractions.  Follow what is going on in the markets, and don’t take your eye off the ball.

=====================

Maybe its time for you to park your ego some. You defend the indefensible and quite honestly, it appears as though you mask what you don’t know by writing volumes of nonsense.

—————

~ ~ ~ Oh, I spent a few years in the past fairly humbly posting my work and trying to research any ideas or challenges offere up by the many.  Yet, a couple of recent years running into harrassment of many kinds has taught me to stand up for myself.  If you understood those “volumes of nonsense”, I think you would change your mind since it is the fundamentals underlying the markets of this period which reflect the past similar periods in the markets………………………or, to quote Fully, maybe I’m just nuck’n futz. 

I had a phone conversation with Sckpak about 2 years, ago.  In the end Sckpak summarized it this way, though not an exact quote.  “In controlled (or manipulated markets) the only way to be successful is to find the driving force of the  markets, then to invest in the direction of those driving forces.  The Dollar inflation is the driver of the markets.”

We saw into late 2008 what happens when the Fed even for a short period of time withdraws the Dollar inflation flood.  Currently, the government has taken on the responsibility for all of the failed debt under Fannie and Freddy, including any future bad debts they take on for the next 3 years.  Remember the graph that Wanka posted?  The govy cannot pay for any of that so they can only monetize debt and inflate the dollar, a combination of Dollar inflation with Dollar devaluation.  The govy is also doing the same with all of the failed banks………………….the failed pensions……………….and now they are doing much the same with healthcare.  In reality the govy is reducing the amount of healthcare that will be given (rationing), along with reducing the liability to corporations and pensions, along with guaranteeing healthcare coverage to anybody who cannot afford it.  Thus, the primary method in action is one of the govy essentially taking on the responsibility of others as they are backstopping everything in sight.  All of this, they can only monetize as debt in the end since they are broke.  And, I have not even mentioned social security or medicare, yet.  They have no choice at all.  And, nobody can stop them this late in the cycle- that is why the cycle work is so important.

Thus, just like the 10 year “Strong Dollar Policy” which has seen the Dollar drop in the pricing index from around 120 to 72……………….cheap words of all kinds of promises will be tossed around the political arena while the game of Dollar inflation continues till Gold goes parabolic in the usual cycle, then the paper currencies are backed by something of real value, hopefully Gold and Silver.  It is the cycle of all paper currencies.  Anything else is a distraction for the people to keep them happy with something to quibble about………..as all of the contractual promises afforded them are pilfered away including their pensions, the value of their money, the value of their stocks, the value of their social security entitlements, the value of everything they own denominated in Dollars, and etc. So, let’d don’t waste our time on some trojan horse in Mass., or the state of Benny, or the fact that the big O has closed the gates to GS after GS’s horses have already left that barn, etc.  They are simply tossing chicken bones to the people after they have fattened themselves off of the meat.

a gold conference at a bankrupt real estate property……Intrawst investors should have bought gold

www.franco-nevada.com/files/Marketing%20Presentation%20-%20Jan%2021%202010.pdf

my son has chronic respiratory problems. the last time we went to belize to visit irish, he cleared up in three days with no meds. he didn’t use his inhaler the whole time there. you can also get meds without a prescription. i took a zpak while i was there on a previous trip and it cleared me up immediately.

belize has very little air irritants from autos and industry. the jungle has a cleansing effect on air pollutants. i would very much recommend a trip to belize to perhaps relieve you symtoms.

rno

I don’t know what is going on but I did hear a helicopter hovering close over the house a couple of weeks ago.

….excuse me for butting in…but PMF is a brother…attack him and you attack me…and many others on the board

…..you may not agree with him but show a little class please….

…China is not in a Bubble just because it is growing rapidly…

….as you said ther are 1.1 billion Chinese peasants….how is that a bubble ?

…..and so their economy grew 250% in a decade….

….it grew from almost nothing…..so how is that a bubble ?

…I wouldnt be surprised if the US economy grew that much in the decade after WW2

….they got a surplus of dollars and are buying commodities and building infrastructure that they never had…

…..they still got very low wages compared to the west…how is that a bubble ?

….they are savers not borrowers….how is that a bubble ?

….if they need to prop up their banks they dont need to print money to do it…they have trillions of yuan already…

I am from New Brunswick Canada.  We just came back from holidays in the Dominican Republic.  It was very hot there and we enjoyed it very much.  My husband is always saying he wants to go to Belize but he has some convincing to do with me first.

Will check out the miracle mineral supplements. 

Thank you for your concern.

It appears you have all the answers. I am not surprised.

Your experience in politics, markets and palm reading must be vast.

I talk to Congressional staff everyday, some retired, some still on the job. So, excuse me if I don’t think that you are full of it. I bought nothing today. And now you will see that Bernanke is in serious trouble, as I stated he was last evening.

Maybe its time for you to park your ego some. You defend the indefensible and quite honestly, it appears as though you mask what you don’t know by writing volumes of nonsense.

Bill Clinton Tapped to Renegotiate Haiti’s Pact With the Devil
PORT-AU-PRINCE – Former U.S. President Bill Clinton has been retained by Haiti to renegotiate the pact that citizens of the island made with the devil in 1791 in order to free Haiti from French rule. The pact has led to one bad thing after another.
Television theologian Rev. Pat Robertson revealed the existence of the pact on a recent broadcast of the 700 Club.
Haiti, which hopes to obtain better terms from the renegotiations, selected Clinton to represent it because it is widely believed that the devil will be able to relate to him.

You might want to research Miracle Mineral Supplement.  Tons of info on the net about it.  I’m a believer.

Welcome to the Tent.

What is going on …Danby where are you from..we don’t need you guys sick

An attorney arrived home late, after a very tough day trying to get a stay of execution for a client who was due to be hanged for murder at midnight.
His last minute plea for clemency to the governor had failed and he was feeling worn out and depressed.

As soon as he walked through the door at home, his wife started on him about, ‘What time of night to be getting home is this? Where have you been?’

‘Dinner is cold and I’m not reheating it’.?
And on and on and on.
Too shattered to play his usual role in this familiar ritual, he went and poured himself a shot of whiskey and headed off for a long hot soak in the bathtub, pursued by the predictable sarcastic remarks as he dragged himself up the stairs.
While he was in the bath, the phone rang.
The wife answered and was told that her husband’s client, James Wright, had been granted a stay of execution after all.
Wright would not be hanged tonight.

Finally realizing what a terrible day he must have had, she decided to go upstairs and give him the good news. As she opened the bathroom door, she was greeted by the sight of her husband, bent over naked, drying his legs and feet.

‘They’re not hanging Wright tonight,’ she said.

To which he whirled around and screamed,

‘FOR THE LOVE OF GOD WOMAN, DON’T YOU EVER STOP?!’

Been having too much fun at the beach ….. I wish!

I also have bronchitis and have had it since last summer.  I am like Silver Rider and cannot get rid of it.  A lot of people from around here have it right now and are in the same boat as us.  If you have a miracle cure, please, please pass it along.  Two different types of antibiotics did not work and I am willing to try anything.