Whadda I Do Whadda I Do Posted April 17, 2006 Report Share Posted April 17, 2006 There is a strong probability that those waiting for the anticipated reaction in gold are those who fail to recognize the new hand at the controls of the gold price. They fail to give weight to the increasing long term implications of a nuclear power that has the mindset to launch 40,000 certifiable maniacs with explosives tied around their wastes. Sinclair Link to comment Share on other sites More sharing options...
What goes up Posted April 17, 2006 Report Share Posted April 17, 2006 It would not surprise me that the Chinese are puting some pressure on the States by increasing gold and silver prices before their visit next week. <{POST_SNAPBACK}> More or less the reverse of what the USA used to do with the gold and oil price every time they met with Russia during the cold war. Unfortunately I can't find a reference to that story. However, this article talks about oil and gold prices and winning the cold war. Link to comment Share on other sites More sharing options...
What goes up Posted April 17, 2006 Report Share Posted April 17, 2006 More or less the reverse of what the USA used to do with the gold and oil price every time they met with Russia during the cold war. Unfortunately I can't find a reference to that story. However, this article talks about oil and gold prices and winning the cold war. <{POST_SNAPBACK}> Found it! Here is the article that indicates that the gold price was manipulated around major meetings between East and West during the cold war. WHEN IRISH EYES ARE SMILING --- The Story of Canada's Gold? by Ed Steer. Both articles are worth reading according to me. Link to comment Share on other sites More sharing options...
Guest Posted April 17, 2006 Report Share Posted April 17, 2006 Looks like Jabba is getting lots of attention over his nearly half-trillion retirement bonus. I almost dumped in my drawers when I saw that little 't' you mean 'b' don't you? else we're talkin' really BIG oil Link to comment Share on other sites More sharing options...
FeedFool Posted April 17, 2006 Report Share Posted April 17, 2006 Looks like Jabba is getting lots of attention over his nearly half-trillion retirement bonus. Even right-winger Drudge is up in arms. Good thing that Jabba got extra $$ for security in that golden chute. <{POST_SNAPBACK}> We are almost to $3.00 gas. My monthly gas bill has gone from $120 a month to $180. I work overtime at work to offset that increase. I drive a 4 cyl sedan that gets about 32 MPG on the highway (which is the majority of my miles). Those driving the big ga$$ guzzlers are really going to feel the pain soon. Meanwhile that greaseball from Exxon is sitting on a $400m golden parachute, free gas, free plane, free security, AND $1 million a year. Why does he need all that? How much extra does he have to pay the russian escorts in hazzard pay? <{POST_SNAPBACK}> I don?t know why companies need to pay fat cat more money when they retire, unless we live in Robin Hood Society where it robs Poor to make rich super rich, has any low paid worker received golden Good bye??? JP6?s are fully screwed down and be luck if they say or do anything against their masters. What do I know??? I am Just a fool. Link to comment Share on other sites More sharing options...
KamikazeFED Posted April 17, 2006 Report Share Posted April 17, 2006 More funds may be on the way: consultants such as Mercer and Watson Wyatt are advising UK pension funds to allocate more money to commodity funds. Yet fund managers and anal cysts are concerned that the index funds may eventually be a victim of their own success: the weight of money they have funnelled into commodity markets has contributed to severe price distortions. The GSCI has risen 160 per cent in the past five years, buoyed by strong gains in commodity prices. However, commodity index levels are based not only on price movements of the underlying commodity futures, but on the rolling yield. Most nearby dated futures contracts expire each month so investors have to sell the contract that is coming up to expiry and purchase the next deliverable monthly contract. The difference between the sale and purchase is known as the rolling yield. This has mainly been positive in the past four years, a situation known as backwardation. However, with more money flowing into commodity indices, the yield is turning negative, creating what traders know as a contango. Here, nearby prices are below those of contracts for later delivery. A contango can be a sign of temporary surplus in physical commodity markets, and it encourages inventory building. However, crude oil futures markets have been in contango for the past 12 months, as the oil price has hit record highs and remained close to $60 a barrel, reflecting market worries about the security of future supplies rather than about oversupply. The contango in the crude futures markets, West Texas Intermediate and Brent, have a big impact on the commodity indices. Together they represent 45 per cent of the GSCI. Other energy futures are in contango: heating oil, US natural gas, UK gasoil as well as other commodities including gold, wheat and coffee. In all, commodities representing more than two-thirds of the GSCI weighting are in contango. http://www.commoditytrader.com/funds/commo...s_fear.php#more Mercers, Watson Wyatt - institutional asset consultants. I used to work closely with some of these guys. Complete jokers. Dmm - your material - always QUALITY. Link to comment Share on other sites More sharing options...
Peek Paper Posted April 17, 2006 Report Share Posted April 17, 2006 As Jabba drools from frog head juice and rats tail gumbo, Congress will "punish" his employer with windfall taxes and further exacerbate the supply shortage. However, the USA is still the numero uno customer of the oil-consuming world, and the most able to absorb higher oil prices at the current time. Big oil will still get us our crude. I think the quid pro quo will be loosening of domestic oil exploration and development regs, which will make some of the smaller cos increasingly attractive investments. Link to comment Share on other sites More sharing options...
KamikazeFED Posted April 17, 2006 Report Share Posted April 17, 2006 Maybe it's not over, even though this Bull has exceeded the typical median and average duration as that table from BCA shows [see below]. And maybe Woodrow Dorsey, Lowry's, Walter Deemer and others have totally miscalculated and will be doing a shameful Perp Walk in the coming months. And, moreover, perhaps it's no coincidence that I'm finding a surprising number of good looking chart set-ups, more than you would expect than if equities were ready to get de-juiced on the embalming table. http://stephenvita.typepad.com/alchemy/200...ek13/index.html If I could just plant a BUG in Bruce Kovner's 5th Avenue Mansion. Kovner is truly king of the PIGMEN. Or better still if I could plant a bug up his SECRETIVE ASS. I wouldn't have to wonder what will be the next big PIGPLAY. Personally I don't see a 87 crash looming. All I know is the Pigmen will be all over the next big move! They have this thing on a string. Link to comment Share on other sites More sharing options...
beardrech Posted April 17, 2006 Report Share Posted April 17, 2006 Looks like Jabba is getting lots of attention over his nearly half-trillion retirement bonus. Even right-winger Drudge is up in arms. Good thing that Jabba got extra $$ for security in that golden chute. <{POST_SNAPBACK}> DMM Do you notice just the teeniest weeniest resemblance of Jabba to Marie Antoinette?? A little bit? beardrech Ok Just thought Id ask Link to comment Share on other sites More sharing options...
beardrech Posted April 17, 2006 Report Share Posted April 17, 2006 Jickiss: Soon only Exxon chairmen will be able to afford anything in California. Check out this article from the Orange County Register: The Orange County Register found some people still engaged in condo flipping. ?Marcel Bruetsch is asking $1.295 million for his two-bedroom condo in Irvine, that?s 40 percent more than he paid for it three months ago. Bruetsch is one of about 70 owners of condos in two Irvine towers who are selling or renting out units they just bought. That total is about one-third of all 232 units Bosa Development finished in January.? <{POST_SNAPBACK}> This looks very much like Titanic Lifeboat survivors slapping each other, and other would-be survivors ,in the face,with their oars-- beardrech Please Help me--Im not one of your commonplace expatriots from steerage--Ive always been rich and carefree and know perfectly well how to behave in danger-immunised postions of safety-- Link to comment Share on other sites More sharing options...
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