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Silver
Silver is getting near a buy zone, see chart.
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Los Vegas has become a thriving tourist megapolis supposedly with corporate
ownerships of gambling casino mini-cities. The organized crime elemnt has "supposedly"
been moved out. But has it? Or did organized crime go quietly corporate. Have they learned
along the way with the accumulation of 100s of billion of dollars worldwide to utilize
sophisticated business tools of investment?
Gold accumulation has long been written as the ultimate aim of many a nefarious
plot ( ie. James Bond ) . The cornering of the gold market would indeed be a costly man-
uever to say the least.
I see a marriage of the notion between the rescources and desires of organized to
do just that. Consider deflation as the removal or abscence of available capitol.
Where does money go. It has to be hoarded or held out of circulation does it not.
How does organized crime launder 100s of millions of dollars. Isn't the purchase of
Gold Bullion the perfect means to accomplish this. Wouldn't they have long ago
discovered this. Add to this the means and deviousness to buy politicians ( which
is merely the grander scale version of buying police forces ) , and it is inconceivable
to believe they could position themselves as the boullion dealers to whom Central
Banks are selling their gold to?
Carrying this logic further could they buy banking interest that lend and support
money to hedge fund think tanks that speculate on emerging world country currencies
bloating their investment rescources and then withrawing all capitol to suck their currencies
dry, forcing the sell of more gold to then support those currrencies? There is some
similarity to the secrecy of their manuevers is there not?
So if they wanted to corner the world's gold boullion rescources what else would
they do? Could they have a U.S. president in their pocket? Could they be anticipating the
the imposition of martial law worldwide as a consequence of the millenium bug and
would that yeild further oppurtunity to claim more power, gold, and the creation of
of one world government, one bank, one currency--GOLD? Who would be the major
holder?
These are admittedly wild speculations from one far less knowlegeable in world
economic intricacies than the many whom I've read posting here on kitco.
I do ask for feedback from those more knowledgeable in these concerns than
myselves. I am not comfortable with darkness of these speculations at all and I would
having these "absurdities" blown out of the water as they are a burden to consider.
In a post I placed last night I said it was in John Davidson's publication the
Strategic Investor where I first read of Russia being corrupted with mafia influence
and of Clinton spending time there as a student ( prior to his involvemnt in politics ) .
If you believe these speculations are possible. That we are moving toward
a worldwide imposition of martial law, how much of Clinton's actions become more
intelligible. His biggest concern is to avoid impeachment as he desparately must be
at the helm on 1/01/2000, but how difficult will it be to delay, obsfucate wag the dog
not resign and still manage to be the sitting president by Y2K.
I recently read on the Y2K weatherman website that the federal reserve is
printing &/or planning to attempt to print $200 Billion as a reserve currency, to provide
cash demand liquidity in the event of bank failure. If they can do this, can some of this
be diverted to the PPT to keep stocks up, dollar up, gold down. Elsewhere on the net
I've read post of the creation of concentration/detention camps, planss by the Canadian
government to keep their federal police on call for the "kind of" martial law imposition
possibility @ Y2K. State governors are planning ahead to reserve the national gaurd
in their states.
Just because some things are too fantastic, horrible or inconceivalble
does not make them not so. Who would have ever consider the possibilities of the
holocaust.
In any event I post this for your consideration.
Question for Sharefin and Gollum -- or others who care to respond:
Any idea how long the current market rally will last until we get Ping III? So far, Pings I and II have been several months after a broad peak.
Sharefin -- I have a new model that clearly demarcates Pings I and II -- -- will correspond with you when I know more. I see no evidence that the 1.618 rule applies relating ping I and II to the future ping -- yet anyway.
I have several ideas in mind for what might cause Ping III:
1 ) Brazil situation much worse than expected -- funds from IMF too little too late.
2 ) Leonid meteor shower Nov 17. Satellites knocked out cause turbulence in the markets. You might want to lock in your investments before the event -- because there might be a blackout for a few days. Remember Galaxy 4? Still don't know what happened.
3 ) Japan market rally fizzles, and the grand $600 billion reflation experiment to attract funds to Japanese markets fails.
What I find puzzling is that the Japanese market rally has not been in parallel with a gold rally. Gold seems to have decoupled from the Yen.
But -- in the other hand -- gold stocks have not yet fallen back to their short/intermediate term lows. So -- the current gold equity rally is still intact. Its just that gold bullion cannot seem to break out of its two year downtrend pattern, and confirm a rally.
Comments, anyone?
Dizz and all - I am waiting in anticipation of Plat getting to 310. Let us keep a close eye for that final washout. My feeling is that we will have an Island formation of sort ( again ) making a nice V bottom.......speaking of good looking bottoms............... ( weren't we? ) And on the en............a top is in? Down to 160 says you? Sounds good to me. Nothing has changed over there......just a bunch of jaw flapping. I wish these rates would last a little longer though. 'Tis good for US 'goods'.........oh well. At least I'll make a buck ( or two ) .
And on gold.........oh well, Spock may be on to something.
And on Farfel - I normally would not comment on the F* but I here goes. You have stated that the Gold bull is here MANY times now. I guess if you say it enough times it will be true........kinda reminds me of a fable or two.....one regarding that little boy who kept screaming of a wolf and the one about that chicken, not the one crossing the road, but the one who thought he was being hit with falling sky......... ( was that a fable? ) ......I dunno. Oh yeah, and that saying I always see here about a broken clock and it being right on ocassion. Keep posting your stuff my man, some people really enjoy it......personally I liked you better when you were posting all that nasty lymeric stuff about your wife. Now I just get noxious.................................. ( ugh ) . Now I'm gonna get some rebuttal post from PH in LA. PHire................
AWAY!
gone
btw.........regardless of what many think of Realistics posts he has never been nasty and his posts have been nothing short of a nice reminder for our short memories. I look at it as sort of a cavaet emptor...........uh huh. ( no offense Cherokee..........you still rock my world ) .....................I would like Realistic to continue to 'remind' us what has been said in these hallowed halls of Kitco........it helps bring clarity and focus.......... ( to me anyway ) . Thank Realistic.
NEVER, EVER, LISTEN TO ENVY FOR INVESTMENT ADVICE
away......to my other less intoxicating athough as exciting, NOT , J-O-B.
earishallaroundandfeelindamngood
Of course -- I could be wrong, and we are still in Ping II -- but probably not.
Anything from Fibonacci analysis/Golden spiral analysis about when the next Ping might hit? Any idea who might be buying Brazilian or Mexican stocks? Sounds foolhardy to me.
I'll post you when I can -- been busy lately, combined with a computer crash. By the way, Windows 95B does not like to be transferred with software from one hard disk to another -- must be formally reinstalled if you upgrade to a bigger hard disk and a new motherboard. Afterwards still ok. Otherwise, it is quite robust, as I found out after crashing several times. Much sturdier than Windows for Workgroups 3.1. I still prefer IBM dos -- but then I can't use all the great new software.
"Mid management types have assured me with great pride they are Y2K compliant. They have been buying new pcs and mainframes."
It's not the hardware, it's mostly application software which is not Y2K ready. You can buy new hardware but when you run the old application software it will still ( most probably ) fail
"Then I had a conversation with the top man in data and he says they have also been doing some code re-writes. Then he says they are going to have their first big test in June 1999 when they intend to run their day to day on a parallel main frame to see what it all does."
This kind of test will not discover any of Y2K problems. It will just show that the modifications they made did not change the software functionality ( regression testing ) . It will not prove that software will act properly when running against post year 2000 dates. To do this you have to set up your system environment to future dates, age your master files, capture your daily transactions, age them, and run tests through the multiple critical dates in post Y2K "time frame"
Looks to me that the bank is too late when they try to run just basic functional tests in July 99. This does not give them enough time to run the real Y2K testing and to correct any discovered errors in time.
Preparation of these tests, data aging, and development of Y2K test scenarios is extremely time consuming! Been there, done that, got that T-shirt
Still got em, and picked up another 1000 at 11, but this darned gold is killing me. Looks like I will have a tax loss to carry forward for next few years.
Has anyone figured out the weight of a gold golf ball yet?
Man can not live by golf alone, so here is a music site I just found today: http://dir.yahoo.com/Entertainment/Music/Genres/
Only one satellite needs to go down if the rerouting backup is not available at that time of day. For example, Galaxy 4. Any news on what happened to Galaxy 4? That one caused considerable disruption -- with no apparent cause for the failure. But -- the markets handled the disruption fairly well. Now -- if that happened at a critical time -- it might have been a different story.
By the way -- how are you able to buy and sell Loral Stock with your 401k? I have a 403b, and can only buy/sell Fidelity mutual funds. Can't even buy foreign currency Fidelity funds,even though they would be more secure than equities. Most retirement accounts are even less flexible than mine.
As I said, business as usual, if you know what you doing you would make the same money on "non-Y2K" business. Life goes on, get some decent skills and you make money no matter if Y2K is around or not. If you believe that Y2K people are paid just because they created Y2K hype I have a bridge to sell you.
How it will play when we cross the century? Only fools are brave enough to make the prediction. If we do OK, you better believe it's because Y2K people created "hype" and companies spend the money on fixing it.
Well, I stop my discussion with you right here. No reason to argue with ignorance.
( Remember El Nino )
additional brainstorm ingredient to make something worth chewing the fat over.
Just got home from job#2 today, going to take a shower then would love to see someone pick up this thread. TIA
A good start.
Uh Huh
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SPOT PRICE
October 19, 1998
11:40PM New York Time
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GOLD
296.40
296.90
+0.50
+0.17%