Oldtent Archives 2010

Do you need more excitement in your life than what Auandag forecasts?  Do you want to be in the ‘driver’s seat’ where your skill and decisions count?  Maybe you need a new career, check out this two part video for an exciting possibility:

http://www.youtube.com/watch_popup?v=4gGMI8d3vLs

http://www.youtube.com/watch_popup?v=S0yj70QbBzg

*GB

Just a trading range, until it isn’t.

Not sure when it isn’t but I think it goes up for the next mighty move that is.

The 10 year bond auction,  options expiry,  jobs report, imf sales, bernake speaking etc etc. pretty soon there will be a reason every day for gold to be taken down. One way or the other this is not going to end pretty.

I think since America helped the Jewish persuasion to go to Isreal or harms way I think that they should have rights to duel citizenship to the US.The US couldnt put a flag there, bit they knew the Isrealites could. Thats all Ill say on the matter.

With all the press on the ten year aution, did anyone notice the long bond.

stockcharts.com/h-sc/ui?s=&p=D&yr=0&mn=6&dy=0&id=p70209834582

Just in case anyone is wondering, I have been to Israel and enjoyed my time there.  I have many Jewish friends scattered around the globe.  One of my closest US friends is Jewish and each year I live with him and his family for a couple months.  We also travel internationally together, one of the more interesting trips together having been to Jordan in 1993 as part of King Hussein’s birthday celebration!  He was my co-pilot in three World Championships.  I join this family and our now-mutual Jewish friends for various religious observations, whether at someone’s home, the Jewish Center or synagogue.  Conversations with my Jewish friends regularly include the topics of the Middle East and Israel, as well as about Judaism, ancient and modern.

I’m basically interested in & fascinated by all things, including the inability for such open, unemotional conversations about pretty much anything including Israel to take place in the Tent.  Hopefully one day we will be able to do so.  *GB

Beer in the chat room lol better make sure you check IDs before entering.

silverngold For better or worse eh I thought u knew better than marry the “stock market”. Im still seeing danger signals but thats just me. smile la la la la

Farmboy and Wanka we miss you.

existence on earth, there is a certain fearlessness and win-at-all-costs attitude that permeates it all.

The Arabs, on the other hand, thought they were in for shooting fish in a barrel.

Thanks for the compliment. There was a time when I actually did not hesitate to join the fray. Not so much these days, seen too much, watched too much failure despite best efforts. Have learned to pick my battles.

….I think thats incredible…

….You and Buygold1 live in a wonderful State !

The last time that I talked to Lanore, she said there was alot of support for the bill and a good chance of getting it passed. Will keep you posted.

……where will you go..?

….where can you say anything you want…no rules …noreferees….maybe Kitco Forum ?

nothing worth saying here anymore

“the Treasury is incredibly able to bring monster amounts of debt to market with almost no difficulty.”

…otherwise you would have deleted it yourself…

….do you have anything to say about PMs ?

…your link is dead !

Strong 10 yr auction
(richard640) Mar 10, 16:13

By Min Zeng

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)–Strong demand on a $21 billion 10-year note sale Wednesday afternoon helped long-dated Treasury securities recoup a large chunk of their early losses, though the whole market remained lower ahead of Thursday's $13 billion 30-year bond auction.

The 10-year note auction, an additional sale of the offering in February, drew bids that were 3.45 times the amount on offer, the highest ratio since at least 1980s. It followed a strong auction of $40 billion three-year note sale a day earlier.

Demand from foreign investors, including central banks, was stronger than recent average in both auctions, allowing the U.S. government to continuously fund an unprecedentedly high budget deficit at historically low borrowing costs. Wednesday afternoon, the U.S. government reported its largest ever monthly budget deficit in February as the country's fiscal year-to-date deficit ballooned more than 10% to a record of $651.60 billion.

The strong bid is even more impressive given the heavy load of corporate bond supply competing for investors' money. More than $25 billion of new corporate debt supply has flooded the fixed-income market since Monday. Even in the euro zone, easing worries about fiscal and debt problems helped Portugal sold more-than-planned EUR990 million of a long-maturity government bond after planning to sell only EUR750 million.

“The response to this auction was just astounding to us, and once again confounds those equating large issuance with a spike in yields,” said Dan Greenhaus, chief economic and bond strategist at Miller, Tabak & Co. in New York. “That is not to say higher yields won't materialize eventually, but for now, the Treasury is incredibly able to bring monster amounts of debt to market with almost no difficulty.”

Wow, I really didn’t think my last post warranted deletion.
Unlike some other posters, I insulted nobody, just noted the pattern.

Or even a tungsten one!

If only we could know what they will really do!

I suppose a lot of it revolves around Bernanke’s ego.  He knows that helicopter drops would cause a Weimar, or a Zimbabwe.  He has stated time and again his strategy for averting a deflationary depression is to flood the markets with liquidity - which he has done to a certain extent (I’m not sure that I would call it a flood), enough at any rate to prevent a collapse, for the moment.  Maybe he actually believes his own genius enough to think that it really is all over, he can withdraw the QE and everything goes back to how it was.

Alternatively, it could just be Sack spouting what everyone wants to hear, to engender confidence.

up is good

GOLD took a beating, but HUI was not bad considering. I still think this is a stealth runup to a really big rally coming up soon.