Today is the perfect day to shake out longs–even I am thinking-what!? gold up $2.50 on a day like today! But when a rally is starting-gold can pull back 6-7 bucks early in the day-then end up 15-20–that’s shaking the tree for discounted merchandise–I can’t say for sure if that is what is happening but it looks like it…
Lemon Pickers
HELP WANTED
Lemon Pickers Wanted !!
===========================
“I’ve been divorced three times, owned 2 Chryslers,
and I voted for Obama.
Mugabe’s insane. What a disaster he’s been for Zimababwe. That country is rich in resources and has fertile land. What they don’t have is the rational input to make the system work.
I think the devil must be intervening to keep Mugabe around.
Here’s a bit of forthcoming pressure on the buy-side, as reported from Jesse’s site …..
The buzz the past few trading days has been the issuance of a new gold closed-end mutual fund with some unique features—redemption (not spiritual), or the ability to take delivery of 400 ounce gold bars, and potential tax advantages. Toronto based Sprott Asset Management raised $400M in an IPO February 26, 2010 of PHYS (Sprott Physical Gold Trust).
On March 3rd, the fund will have cash from settlement and will start buying 400 ounce gold bars. It will do so through bullion dealers in Toronto and London. The gold purchased will be with nearly the full sum of proceeds and delivered as London Good Delivery to the Canadian Mint where it will be stored.
I like your cup half full attitude,,, yeh,,, if some one hands you lemons you make lemonade But let’s not discount that there’s some super sized lemones being delivered,,, A little preparation is good advice,,, just because it did not come apart last time,,, don’t necessarily mean that the sky’s are all sunny,,, not a good time to stik one’s head in the sand,,,look at what has happened over the last few years,,, and the whole time CNBC has been sayin that all was well,,, as millions of Americans lost trillions,,,,, Yes ,,, no need cryin bout it,,,,hey by the way where the heck do you live that things are better,,,
They really think it might discourage investment.
When I was there we had a bus driver say that for some reason we just don’t get it right. Until Mugabe leaves things will be uncertain.
– Tsunami warning issued for part of Chilean coast,
north of Concepcion, after huge aftershock
I used to hear the same warnings in the 70’s. Nothing really came of them, at least for me.
If I didn’t read articles telling me how bad everything was, I wouldn’t know. 
Seriously, I’ve seen mostly improvement for my friends and I over the past few years.
I know that certain areas have been hit, but even in the Great Depression there were those who did well. Let’s choose to do well.
for your post @ 5:58 am. Please stop by more often.
The Days of Woe are upon us and the people cower in fear. Uncertainty clouds our vision while evil stalks us through the background mist. Cries of grief in the blackness of the night go unheeded. What lays before us is the road to oblivion. Behind us is Chaos. We are the Doomed Ones. Plan your exit from the Cities. Prepare for an onslaught of misery. We have but a few months to learn how to feed ourselves. Tell no one where your gold is hidden.
HARARE - Zimbabwe’s unity government is reviewing rules forcing foreign-owned firms to sell a majority stake to locals, a cabinet minister said on Wednesday, adding that the regulations were published prematurely last month.
The regulations came into effect on Monday and give foreign-owned companies, including banks and mines, 45 days to submit proposals on how they plan to sell 51% of their shares to black Zimbabweans within the next five years.
Industry executives fear the empowerment drive will discourage foreign investment at a time when the new administration is seeking to attract funds to revive an economy that has suffered from a decade of decline.
why is the $ soooo weak when a strong economic report came out?–of course the $ should be weak–plus a lot of high profile money guys on CNBC have been $ bullish for many weeks-thinking they were making the “big bad contrarian” call…
to keep the excitemnt down–$ down big-all commods up today-crude breaking out…but gold may not reverse in the coming days-I expect the worst case to be some consolidation around this level–but I am disgusted that they can hold gold to a 5 buck gain…
RBC Capital Markets estimates that most silver equities will be reflecting a long-term silver price of $13/oz, well below the current spot price of $16.44/oz.
Author: Dorothy Kosich
Posted: Wednesday , 03 Mar 2010
RENO, NV -
RBC Capital Markets Tuesday maintained its outlook that global demand for silver should continue to outpace new mine supply this year.
RBC’s silver price forecasts remain unchanged at $15 per ounce this year and beyond.
Aprt from all the reasons you mentioned, Gold has been makeing new Hi’s in the Zero and what’s left of Sterling, that is takeing a lot of metal off the mkt.
What impresses me is how long this guy stayed in power, as he was completely overt about his personal “ethical” dealings. 100% in your face! Can you imagine that this guy headed the “Ways and Means” committeee. Given the Ways and Means see what old Charlie accomplished personally.
Anyone else would have been long gone from chairmanship eons ago.
@ prezone… I most certainly stuffed my face on various billtongs … heck, for the entire two weeks we started drinking wine the minute we rolled out of bed… billtong was a life saver both in terms of steadying our stomachs and in terms of sustainance when food was iffy….
@ Fullgoldcrown… didn’t really delve into business when there… however, having read a few headlines here and there it appears they too are mired in some sort of crisis and from what I can make out deficit spending is also a problem. Unemployment runs in the high 20s officially but, then again, they’ve always had high unemployment so can’t say if this is worse than previously. Zuma also seems to be under pressure from members of his own government who, till very recently, appeared to be more supportive from what I understand.
One of the last headlines I read last week was that world cup ticket prices had been slashed to the dismay of those that had already bought tickets… funnily enough, upon my return to Jordan I noticed Sky news was running some interviews on the world cup and some guy that was the CEO of the event (?) said there was no trouble selling tickets… from what I could gather without paying attention to what he was saying, the CEO geezer said they have 700K tickets to sell but a “large” number of these are reserved for hospitality and whatnot therefore they don’t really have 700K tickets to sell…. though I may be jumping to conclusions, I take the CEO’s comments as an attempt to downplay the potential darth of sales… but what do I know…
why we have had this little bit of buying pressure over the last couple of days?
Greece, IMF, Iran, China, India, health care, or other
but now $1142.30…stair steppin up despite running a gauntlet of Cartel bops…the $ index on its lows-down 500 tix despite some kind of “strong” manufacturing report out today-
WASHINGTON (MarketWatch) - The services sectors of the U.S. economy grew at the fastest pace in two years in February, according to a survey of companies released Wednesday by the Institute for Supply Management.
The ISM non-manufacturing index rose to 53% in February from 50.5% in January, the best since December 2007.
Readings over 50% indicate that more firms said business was getting better than said it was worsening.
HUI) At 10:53AM ET: 430.44 +8.45 (2.00%)
what with the pullbacks that go nowhere…and are met by drooling bargain hunters–too early yet to get hysterical but I’m keeping my cajones crossed-!
I know ur just the messenger but what has their policys done for us? About destroyed the economy caused cut backs that are effecting everyone esp the vulnerable and taxes will be raised. But they must continue, if they dont who will suffer? The bankers? I heerd part of a story but didnt catch all of it about a guy named Neil probably named after the Matrix, Neil who is getting information on bankers bonuses and info perhaps how their skimming money off bail outs.Wish I could find out where hes posting.
…..South Africa sounds lovely..how is their economy doing…are they talking Gold ?