GregFokker Posted August 19, 2004 Report Share Posted August 19, 2004 Dec gold session high at 409, Sept. silver 6.85. Link to comment Share on other sites More sharing options...
Guest Posted August 19, 2004 Report Share Posted August 19, 2004 Whoa -- here's a little glitch in the Matrix: News that Argentina bought 42 tonnes of gold in the first six months of this year, partially offsetting the impact of planned sales within the Central Bank Gold Sales Agreement, also lent support [to gold]. Argentina stocks up It's interesting that during his election campaign, Argentine President Nestor Kirchner advocated a gold-backed peso. That idea has gone quiet since his inauguration ... but actions speak louder than words, eh? Fascinating also is that even with the IMF and creditors committees breathing down its neck about defaulted loans and bonds, Argentina is shoveling some available cash into gold. I'm of the opinion that when the U.S. Ponzi scheme goes down, the Third World will default en masse on the rich countries' loans. Brazil, Argentina, Turkey, and dozens of smaller debtors will bid "bye-bye suckers." You want money? Come down and pick soybeans ... bring your bushel baskets! We'll just show up with battle ships, breeze into the central bank vaults, load the gold onto ships and bring in back to the US. Who's gonna stop us? Link to comment Share on other sites More sharing options...
alceringa Posted August 19, 2004 Report Share Posted August 19, 2004 Half time, men's basketball......... Australia 51, USA 47. Don't they play defense in the NBA anymore? Link to comment Share on other sites More sharing options...
Sphinxter Posted August 19, 2004 Report Share Posted August 19, 2004 Initial Jobless Claims When the number comes out this time - expect it to be surprisingly bad, and expect it to send the Ten Year Yield diving south to set up the final round of RefiMadness. Provided they hit their scripted target for the Ten Year (38), this will be the worst jobs number we get. Next week's number will be about the same, though slightly improved, and then the remaining jobless numbers will be "surprisingly good" leading into the erection. It's in the script. The problem with the Initial Jobless Claims number is that it doesn't tell you much of any importance. While it is used as a measure of hiring/firing, it actually does nothing of the sort. What it tells you is the amount of turnover of "eligible" workers. That is, those that have accumulated enough work time to qualify for benefits. To illustrate, imagine that there is zero hiring but also zero firing like, say, at the bottom of a very deep depression. Would a "zero" initial claims number be all that great? What about at the peak of a major boom in a high paying industry and a bust in another low paying one (like we saw in the late '90's with High Tech and Mfg)? Initial claims could be very high but reveal nothing about the relative health of the job market. But, logic aside, I too believe that the number has a very important purpose. It will be used by the propagandists to maneuver the markets in the appropriate direction. To understand why this direction MUST be in the direction of lower interest rates, just read Puplava. Any of his latest 2-3 Storm-Watch articles will do the trick. Link to comment Share on other sites More sharing options...
mjkst27 Posted August 19, 2004 Report Share Posted August 19, 2004 Whoa -- here's a little glitch in the Matrix: News that Argentina bought 42 tonnes of gold in the first six months of this year, partially offsetting the impact of planned sales within the Central Bank Gold Sales Agreement, also lent support [to gold]. Argentina stocks up It's interesting that during his election campaign, Argentine President Nestor Kirchner advocated a gold-backed peso. That idea has gone quiet since his inauguration ... but actions speak louder than words, eh? Fascinating also is that even with the IMF and creditors committees breathing down its neck about defaulted loans and bonds, Argentina is shoveling some available cash into gold. I'm of the opinion that when the U.S. Ponzi scheme goes down, the Third World will default en masse on the rich countries' loans. Brazil, Argentina, Turkey, and dozens of smaller debtors will bid "bye-bye suckers." You want money? Come down and pick soybeans ... bring your bushel baskets! well that would throw a wrench in the NWO, now wouldn't it? Look for convenient outbreaks of terrorist activity in these nations. Link to comment Share on other sites More sharing options...
Guest Posted August 19, 2004 Report Share Posted August 19, 2004 The Google geeks have fumbled and stumbled their way to the IPO market stage making themselves look like unmarket saavy tinhorns. Now, it suddenly appears that these turnups may have come to market (with a little help and stage management from the SEC) just in time for the bushman's re-election erection boner blast from hell. So are the google boys goat geeks or brilliant market strategist geeks who come Nov will be credited with igniting a 1000 Dow rally? Can fantasy become reality and more importantly, does it matter? Stay tuned. The fat lady is either going to sing or they're going to hang her. Link to comment Share on other sites More sharing options...
Sphinxter Posted August 19, 2004 Report Share Posted August 19, 2004 Re: Argentina and gold. What's also interesting is that the third largest official repository for gold is the IMF standing at 3,200 tonnes. WTF? How, exactly did they get all that? Link to comment Share on other sites More sharing options...
BeerMarket Posted August 19, 2004 Report Share Posted August 19, 2004 jobless claims 331K earl 47.95 Link to comment Share on other sites More sharing options...
Guest Posted August 19, 2004 Report Share Posted August 19, 2004 jobless claims 331Kearl 47.95 Mo jobs! Mo oil! Latest from Robert McHugh Link to comment Share on other sites More sharing options...
machinehead Posted August 19, 2004 Report Share Posted August 19, 2004 An CNN reporter inside the Imam Ali mosque in Najaf says it is filled with women, children and a couple of thousand Shiite militia. Calling Janet Reno ... :cry: Link to comment Share on other sites More sharing options...
Sphinxter Posted August 19, 2004 Report Share Posted August 19, 2004 Re Argentina and gold. Another intersting factoid. Canada weighs in with a hefty 0.1% of reserves in gold placing it just ahead of Fiji but way behind Malawi. And Gabon. And Camaroon. And 109 other countries. Only 4 official spots show up at unity (100% of reserves in gold). The IMF. The BIS. The ECB. And Syrian Arab Republic. The Syrians aside, isn't it odd that it is only the major international bankers banks that proportionally (and in aggregate) hold the most gold? Aren't they the ones that have been wagin war on this competing product? If they revile it so much, why don't they get rid of it? Why do they hold so much? Answer: "There is no money but gold" - J.P. Morgan. Link to comment Share on other sites More sharing options...
machinehead Posted August 19, 2004 Report Share Posted August 19, 2004 Re: Argentina and gold. What's also interesting is that the third largest official repository for gold is the IMF standing at 3,200 tonnes. WTF? How, exactly did they get all that? Just as a wild guess, some of the initial subscribers to the IMF may have chosen to ante up in gold instead of forex. But it really deserves a book-length research report, as to why the world's leading opponent of gold-backed currency holds a king's ransom of it in their own vaults. IMF: "Who you gonna believe -- us or your lying eyes?" Link to comment Share on other sites More sharing options...
Sphinxter Posted August 19, 2004 Report Share Posted August 19, 2004 jobless claims 331Kearl 47.95 About the oil...where is all that extra money going? Just thinking about OPEC, consider that they export about 1/3 of the worlds 80mbd +/- consumption. So, considering the relentless rise from $30bbl to $47bbl we can calculate that: 80 * 1/3 * ($47 - $30) = ~$450M extra dollars per day that are now flowing to OPEC countries. What are they doing with all that? I'm hoping they get smart and start buying gold with it. Link to comment Share on other sites More sharing options...
Sphinxter Posted August 19, 2004 Report Share Posted August 19, 2004 Want to know how pathetic the FOREX markets have become? Just look at the bounce in the Dolor vs. the Euro on the back of the Unemployment Claims number: Yeah. OK. Trading a 4K swing from expectations (that will be revised about 10K anyway). That's pathetic. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2004 Report Share Posted August 19, 2004 Sub 4.0 Yield What Are The Chances Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of Uncle Buck and the Long Bong Hit. Link to comment Share on other sites More sharing options...
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