M2M Labor Day Weekend

[Tzu]

If you can't beat them, join them.

 

 

How Stephens helped Jimmy Carter?s fellow Georgia buddy, Lance, is the interesting part. Stephens introduced Lance to a Pakistani businessman, Agha Hasan Abedi. Abedi was the founder of a curious Luxembourg-registered, London-based bank called BCCI.

 

In 1990, BCCI was convicted of money laundering for the Columbian Cocaine Cartels in Miami.

 

In October, 1992, the Senate Foreign Relations Committee released an 800-page report on the BCCI collapse. They called the BCCI scandal, ?the largest case of organized crime in history, spanning over some 72 nations,? adding that it represented an ?international financial crime on a massive and global scale,? and that the bank ?systematically bribed world leaders and political figures throughout the world.?

 

The Senate report concluded that among the provable charges against BCCI were ?BCCI's criminality, including fraud?involving billions of dollars; money laundering in Europe, Africa, Asia, and the America; BCCI's bribery of officials in most of those locations; its support of terrorism, arms trafficking, and the sale of nuclear technologies; its management of prostitution; its commission and facilitation of income tax evasion, smuggling, and illegal immigration; its illicit purchases of banks and real estate; and a panoply of financial crimes limited only by the imagination of its officers and customers.?

 

Jackson Stephens was no casual business acquaintance of BCCI?s Agha Hasan Abedi. In response to the concerns over Jackson Stephens' involvement in BCCI, the Ohio Attorney General noted in a 1993 report, ?Stephens' name has been linked to securities violations that allegedly occurred when the Bank of Commerce and Credit International (BCCI), a foreign bank dominated by Pakistani financier Agha Hasan Abedi, acquired stock and control over the Washington-based First American Bank.? In 1991, Stephens joined BCCI investor Mochtar Riady in buying BCCI's former Hong Kong subsidiary from its liquidators.

 

The Stephens Group was well-connected to another interesting Asian banking group, the billionaire Indonesian Riady family of Moktar and his son James Riady, who own the Lippo Bank in Indonesia. The Riadys are Chinese-Indonesian businessmen who, of all places, moved to Arkansas in the 1970?s, despite holding billions of assets in Asia. Stephens and Riady hit it off and soon Stephens and Riady bought a bank in Hong Kong. Stephens then invited Riady to invest in a Little Rock, Arkansas bank called Worthen.

 

BCCI and Jackson Stephens, chairman of the Stephens Group of Arkansas were well known to one another. Stephens Group board member, Jon E.M. Jacoby, today Chairman of Delta & Pine Land, and still a Vice Director of The Stephens Group, was a very senior, trusted member of the Stephens? inside circle for more than 35 years.

 

Jackson Stephens? Stephens Group financially staked Sam Walton when he started Wal-Mart in 1970. Stephens also financed Tyson Foods to become the agribusiness global giant it is today. Jon Jacoby, as senior executive of the Stephens Group, had arranged the 1970 Wal-Mart deal. Jon E.M. Jacoby and Jackson Stephens went way back.

[Brisbane Bear]

wage push inflation will be the straw that breaks the camels back.

 

Thus far most central banks have only made small moves in raising interest rates,preferring to try and 'jawbone' the participants into not raising costs and wages.

 

But no-one listens.

 

This time we mean it,we will be very,very,very,very,very,very,very,very,very,very,very,very,very,alert...

 

 

 

Very Alert

 

``They will be very, very, very alert on this one,'' said Niel-Henrik Sorensen, chief European economist at Dankse Bank in Copenhagen. ``They don't want a repeat of the errors of the 1970s. It's really the foundation of their credibility.''

 

Trichet's Inflation Fight Faces Threat From Rising Wage Demands

 

By John Fraher

 

Sept. 1 (Bloomberg) -- Detlef Wetzel has a message for German steelmakers -- and for European Central Bank President Jean-Claude Trichet.

 

``It's high time we got a decent share now that times are good,'' said Wetzel, the chief negotiator for IG Metall, Europe's largest manufacturing union, in this year's round of wage talks. ``It's only right.''

 

The last time German steelworkers sought a pay increase as big as the one they're seeking now, 14 years ago, inflation surged and Germany's central bank raised interest rates to the highest in more than a decade.

 

Now, rising wage demands from the steelworkers, and other unions to come, are adding to Trichet's concerns as he attempts to curb inflation that is forecast to exceed the ECB's 2 percent target for an eighth straight year in 2007.

 

http://www.bloomberg.com/apps/news?pid=206...fcWM&refer=home

[No Einstein]

..........If we are heading towards another top of some kind, I would imagine the gold schtocks would not be immune in a selloff...........

 

 

<{POST_SNAPBACK}>

 

sometimes yes and sometimes no

 

from the start of the last bear market 9/1/00 to to the triple bottem low on 3/12/03 the S&P was down almost 50% give or take a couple points

the HUI was up 140% give or take a couple points

[DrStool]

Sorry Doc. I was absent minded. I apologise.

 

NP. This market isn't actually attention riveting.

[Brisbane Bear]

One thing that worries me is the takeover speculation that is rife in OZ at the moment.

 

Large overseas funds like KKR are rumoured to be eyeing some of our largest companies.

 

Companies under the spotlight include.

 

Our largest supermarket chains..Coles & Woolworths,our largest beer company Fosters.

 

Our banks must also be attractive (govt permiting),Westfield also must be attractive(they own half the malls in the US and OZ).

 

Our miners must be attractive(assuming they aren't too big to swallow).

 

Historically is it bullish or bearish?

 

Our currency is strongish at the moment as well.

[Charmin]

I guess it should come as no surprise now that the SPX PnF chart I marked up had cause to 1300-1320 best guess, when it backed up to 1240 on July 24. It might just be running on love now.

[beardrech]

..........If we are heading towards another top of some kind, I would imagine the gold schtocks would not be immune in a selloff...........

 

 

<{POST_SNAPBACK}>

 

sometimes yes and sometimes no

 

from the start of the last bear market 9/1/00 to to the triple bottem low on 3/12/03 the S&P was down almost 50% give or take a couple points

the HUI was up 140% give or take a couple points

<{POST_SNAPBACK}>

But DMM

For the sake of discussion I'm Taking a very conservative position and agreeing with your insight about G being dragged into the dust with all the other non-precious plebians elements like tin and baby powder et al.

 

I remember reading about Homestake mines which in the early part of the festival of '29 also plunged deeply---but along with reading about its early catyclysmic decline I also remember the tagline:---that months later it,like a Pheonix arising from out of the ashes,like a rising Sun,it comforted and provided its lucky shareholders with enough provisions to survive comfortably for the duration of the depression while all around them their nabors suffered the Big D miseries--

 

beardrech Like all things temporal we have our good days,we have our bad ones

[wndysrf]

Back from the MX track.

 

Nice score on the gold stocks today.

 

Thank god I didn't own any of that POS GoldCorp.

 

Telfer is an idiot empire builder.

 

At first, I was thinking a double top on the XAU, but now it looks like its going to blow away the old highs.

 

More and more gold stocks are breaking out to new highs on this run:

 

 

 

[jickiss]

jickiss is back!

 

and

 

Dear Marky Mark,

 

your observations on the top management at GG are shared by da General, but, when the ozs of production of GG are added to the GLG ounces of production,

 

well

 

it will, together, be a combination that will get some attention.

 

them that are short GG are covering,

and that means that GG can finally go up, once the covering is done.

 

FOR SURE, the premium that GG is paying shows or indicates that the entire mining sector is significantly "undervalued," and there really is no reason to question the value that GG + GLG will represent.

 

your jickiss is long GG on margin,

 

and intends to HOLD FAST!

 

the bottom line on all, on every, on each and on the collective Whole of the Large Corporations is that since about 1994

 

there has been -0- regulation of the stunts antics and jams that have been delivered to the shareholders.....these kinds of deals never could have been done, over and over, if that Secret Meeting back in the early 1990s had not taken place, you know, the meeting where it was made clear that no significant efforts to Stop anything Financial from taking place would be made, as long as "the right money was made to find its way, somehow, into the right wallets." None of this stuff happens Direct, but, for sure, with a few (ewese ewere ewe-maginations) twists and turns, it happens....

 

much like the driver at the Meadownlands that ends up in the winners circle on a 50 to 1, and who is looking around in dis-belief at da Boyz who pulled for him, (and who will hand him the $100 doolar Win Ticket for fun afterwards)

 

even an "Honest Management" can be "steered....."

 

just Hold Fast!

 

acres of diamonds are ahead,

and these tricks will all get played. first.

 

Never sell anything that is Gold or Silver or Miners or Miners related when it is Down.

 

kist Hold Fast.

 

the Next shorter term target for GG will be to Equal, and, before year end, pass the recent 40 something high......

 

jickiss!

[jickiss]

jickiss is back!

 

and

 

maybe the PC police that "helped" to keep lots of familiar sites "clean" on the net can re-in-force the attackers of CBS,

 

ewe know,

 

for

 

fun?

 

Is this show Cooked or is there really a "Hidded Agenda" at work here, your jickiss wonders

[mmoy]

I agree on GG. They've done very well since late 2000. They were about $5 (split adjusted) then I started playing with them and their management has been pretty good to take them where they are now. Their main competition in their space was AEM and they've outclassed AEM as far as operations go in my opinion. If I was long today, I probably would have held on and did think about taking a stab around $27.50 today.

 

Though I would agree that stuff like IAG and KGC are more interesting. The worst case for GG is that they try to bulk up to supersize like NEM or ABX.

 

BTW, how about some thoughts on NG?

[jickiss]

jickiss is back!

 

and

 

Dear mmoy,

 

NG is easy...pls click on and enlarge the attached following jickiss chart on NG.

 

the "volume peaks in the middle of a move" Edson Gould rule,

and

use of the now validated by "real money" "gg buys glg at 1.69 premium" to last sale) rule,

 

shows your jickiss that $19.50 would be max on NG.

 

given the quality of the assets, the risks, the time value, etc, the market is close to max for ng now,

 

unless Gold would, of course, get a huge markup,

but

if that happens, well,

 

you are better off in a laggard, no???

 

regards to you,

mmoy,

 

Hold Fast but swap soon all NG into a "laggard"

 

jickiss!!!!!!!

[Takachi]

Jickiss, do you have any perspective on GG, who owns SLW, creating value thru the ownership of GLG's 26 million ounces of silver production.

 

SLW doesn''t actually produce silver as I understand it, but they buy production and resell in a kind of royalty arrangement.

 

Jeez, I remember thinking about buying a bunch of GLG at .97 in 2000 or 2001. Woulda coulda shoulda....... but I always liked GG better. Sounds like maybe the market thinks GG is overpaying, but with no debt and no hedging they may be one of the few big cap miners standing if gold keeps rising. There's still a lot of toxic hedging left on a lot of the big guy books.

 

And these guys that are shorting GG now in the run up to the deal, may get smacked around if G heads back to $680. The normal paired trade deal could hand you your head here.

[Takachi]

GG has been a great ride and I'm riding until its not

[jickiss]

jickiss is back!

 

and

 

Dear Takachi:

 

the question that you introduce, in re SLW, Silver Wheaton, is a Most excellent question, for

 

as your jickiss would like to phrase your Key Question,

 

is: "Is SLW really going to be a Royalty Company, meaning that will SLW really be THEE risk free way to play Silver?"

 

It is hard to tell at this point, and, for sure, your jickiss would never mis-lead you with this answer....which is: "it is hard to tell,"

 

why, jickiss, why???

 

easy, da General assures your jickiss that the GG Investor associates Repeatedly assured da General, on the telephone, in several one to one direct discussions, that they (GG) did not want any "giant" acquisitons.

 

get it???? HooHa, indeed!!!!!!!

 

this is "important" because the SLW looks to be riskless, with a silver cost of, according to da General of about $3.90.

 

who can really tell exactly what GG will do over the intermediate term????

 

BUT, BUT, BUT,

 

your jickiss loves SLW, for the reason that the Silver chart is headed much higher, and FOR SURE,

 

and SLW will get bid waaayyyyyy up, especially when silver, the metal, crosses $15.00 the oz, which is a lay-up to your jickiss.

 

your jickiss is Absolutely Positive that GG has been selected as the vehicle of disappointment for the "second step" up in Gold, which will carry the metal to around $1,000.

 

GG will be the vehicle for the THIRD BIG STEP in gold, and this will move it to $500, with gold over $1,500.

 

Right now, da herd, da Sheeple, the mass mind, the denizens of the United States of America, still do not care about gold or silver or Believe in it.

 

da Boyz know that GG was best configured to outperform, so they made sure that it did not (HOW, JICKISS???) Answer: By Shorting and power shorting, where shorting means that you borrow stock, and Power Shorting means that you just have one of those passes to short DTC stock that does not exist.....

 

SLW will go up, but, for sure,

 

Please take a small assignment; namely, just call GG and SLW and ask them one Question: It there genuine intent and a legally binding plan to make SLW a pure Royalty Silver Company?

 

then, write down what they say and report back here.

 

Capital Stool Expects!!!!!!

 

best personal regards to you, and kudos for raising a very important Question, but which, being so important, should be answered by the two Managements; namely, that of GG and SLW.

 

well done, Takachi!

 

jickiss!!