Oldtent Archives 2009

PRECIOUS-Gold rises towards $960 on oil, ETF stable

Reuters - Chikako Mogi - ‎2 hours ago‎

Oil prices extended gains above $71 a barrel CLc1 on Friday, rising more than $1, while Japanese and Asian stocks gained. [O/R] [.T] [. …

Gold rises towards $960 on oil Reuters

Nanya Reports Further Losses but Sees Chip Prices Rising

Wall Street Journal - Lorraine Luk - ‎Aug 6, 2009‎

Company spokesman Pei Lin Pai said demand is improving month by month, and he expects chip prices to continue rising through at least October. …

India’s NALCO sees aluminium prices rising

Reuters - Niladri Bhattacharya, Himani Sarkar - ‎Aug 5, 2009‎

BO) expects aluminium prices to reach $2000 a tonne by December on rising demand, boosting its operating margins, its chairman said on Wednesday. …

Sugar Rally May Limit US Imports, Spur Prices, Imperial Says

Bloomberg - ‎7 hours ago‎

Rising prices may increase the cost to consumers, he said. “As prices of inputs go up, the price of products sold should go up,” Henneberry said. …

New home prices in Canada fall for ninth straight month

Calgary Herald - ‎Aug 12, 2009‎

Prices declined by 0.2 per cent in June, after a 0.1 per cent decline in May, with the decline again the result of falling values in Western Canada. …

Calgary’s new home price index suffers 8% slide Calgary Herald

China’s welded pipe prices falling slowly

Steel Business Briefing (subscription) (subscription) - ‎3 hours ago‎

Domestic welded pipe prices fell this week in line with weakening steel prices generally, but prices appear to have stabilized, Steel Business Briefing …

Barrick poised to gain traction on falling costs

Globe and Mail - Andy Hoffman - ‎Jul 31, 2009‎

As the gold price increases, we are better positioned to see an increase in our margins, with more of the benefits of higher prices falling to our bottom …

India’s Wholesale Prices Fall Most in Three Decades

Bloomberg - Kartik Goyal - ‎16 hours ago‎

Wholesale prices are falling because of a high base last year, and inflation will accelerate to as much as 6.5 percent by March 2010, said Tushar Poddar, …

Japan logs record price fall

Vancouver Sun - ‎Aug 12, 2009‎

This hurts the economy as falling prices cause consumers and businesses to delay purchases, dragging the economy down further. But the Organisation for …

Japanese wholesale prices post record fall AFP

Japan Corporate Goods Prices Plunge Wall Street Journal

Further deflation as prices fall 5.9% in year to July

Irish Times - ‎6 hours ago‎

Despite the falling prices across all sectors, the price pattern in sectors controlled by Government is very disappointing.” He said public transport and …

Irish Prices Fall 5.9 Pct; Biggest Drop Since 1933 ABC News

Old habits die hard….got my old favorite room across from front gate. [ and me name is still on the cheaper Gov. rate list.yahooi !!] at Governors Mansion View Hotel… Springfield,Il
It is a shoe in slam dunk…tomorrow we ROAR again…..
Kentucky …your vindicated again ………

www.ctv.ca/servlet/ArticleNews/story/CTVNews/20090811/price_food_090811/20090811?hub=Canada

Loblaw’s price cut stirs hope of grocer’s price war

Updated Tue. Aug. 11 2009 10:01 PM ET

CTV.ca News Staff

A major price cut by the Loblaw grocery chain on thousands of food items has shoppers hoping for a price war that could lead to major savings for recession-weary Canadians.

Last week, the company cut prices from 10 to 25 per cent on 3,000 items at its Atlantic Canada stories. It followed that up with 10 per cent savings for those on employment insurance at its Zehr stores in southwestern Ontario.

“We’re not prepared to lose market share,” Dalton Philips, chief operating officer at Loblaw, told the Globe and Mail Monday. “You’ve got to keep current and you’ve got to be prepared to fight to keep strong. We have no intention of backing down and not retaining our No. 1 place.”

Despite the economic downturn over the last year, food prices have actually inflated 5.5 per cent according to Statistics Canada.

In June, overall prices actually fell 0.3 per cent compared to the June 2008.

John Winter, a grocery industry analyst said it was about time the industry caught up with the rest of the economy.

“It’s about time we had a grocery price war,” he told CTV News.” I think that the prices have risen too much in the past year . . . and it about time we had some correction.”

Analysts say Loblaw’s aggressive move means that other grocery chains will need to eventually respond.

Simple then, is it not? Drop your prices and expand. Wonderful solution to the World’s problems. Then again, you got it first. Brilliant!

After reading that post….I surrender! It’s simply hopeless.

just wait until the next meltdown in the stock market. i would guess this rally emulates the 1931 rally when everyone thought “here we go again”. i have a feeling that the next mega bust will finish off most of the retirement funds. good, stable businesses will be going under because their customer base will collapse. i don’t see any alternative to a major collapse, i just don’t have a clue how much longer the wobbly system will hold together. i sent off the paperwork for my concealed carry today. i went to high school with the director of the osbi (oklahoma state bureau of investigation). if it somehow hits his desk, i bet i get a call.

rno

My experience exactly !!

During the last bidding round for this year’s contracts (most NZ/Oz forestry companies have Y/E 30 June) I at least held my prices steady, and in some cases I cut my prices. Where I held steady I lost one contract but retained the rest. Where I dropped my prices I was very successful, being offered more work than I had capacity for.

The great thing about working in this environment is that a) I have lots of work, b) with the sharply rising unemployment my existing staff are very well-behaved, and finding new ones is now relatively easy, and c) for now at least my costs are steady or falling.

More work at lower margins is the way to go right now as far as I’m concerned.

Back to back from Bix…

Hi Bill
It is amazing that people can’t see the collusion and fraud going on at the highest levels of the SEC and CFTC.

Here is a Barrons article written in 2001 showing how the Madoff scam is really a big ponzi scheme.

aaronandmoses.blogspot.com/2008/12/or
iginal-dont-ask-dont-tell-madoff.html

The curtain is being pulled back on the Banking Cabal for the whole world to see and our government regulators are scared to death of being spotlighted as the guilty conspirators that they are.

Keep and eye on the DiPascali (Madoff CFO) confessions:

www.usatoday.com/money/industries/
brokerage/2009-08-11-madoff-cfo-pleads-guilty_N.htm

I have a hunch he has turned Whistle Blower on the cabal!
Bix

Hi Bill -
I just read that ETF Securities, Inc. is opening up 5 new precious metal ETF’s in Japan…

uk.reuters.com/article/idUKN1251652420090812?rpc=401&

By now we should all know that there is something very fishy about the Gold and Silver ETF’s. Although this may sound like a positive announcement to some, I think it is just another con job implemented by the cabal to divert Japanese investors away from real gold and silver as well as use this “physical metal shell” to justify COMEX or TOCOM shorts.

Just look who the “Global Partners” of ETF Securities are:

www.etfsecurities.com/us/other/etfs_aboutus.asp

Global Partners

ETF Securities has worked with the following organizations to develop a market leading franchise:

HSBC N.A. - HSBC is one of the world’s leading custodians for precious metals and precious metal products.

JP Morgan – JP Morgan is one of the world’s leading custodians for precious metals and precious metal products.

Bank of New York Mellon – BNYM is one of the leading Trust administrators for precious metal products in the United States.

World Gold Council - The World Gold Council is an organization formed and funded by the world’s leading gold mining companies with the aim of stimulating and maximizing the demand for, and holding of, gold by consumers, investors, industry, and the official sector.

Royal Dutch Shell - The Royal Dutch/Shell Group is a global group of energy and petrochemicals companies, operating in more than 140 countries and territories.

-END-

That said, silver continues to act impressively, as it has of late. I missed this one, which may be a clue as to why silver is trading differently all of a sudden…

Monday, August 10, 2009
China’s Silver Bulls Are on the Loose
Official Chinese TV announced last week that silver bullion is now available for the investing public. China, once on a silver standard where nobody knows today what happened to the hoard, now offers 500 gram, 1-, 2- and 5 kilo bars. The newslady alluded that silver is comparatively cheap to gold, citing the current gold-silver ratio of 1:70.

prudentinvestor.blogspot.com/2009/08/chin
as-silver-bulls-are-on-loose.html

-END-

For whatever reason, The Gold Cartel is not getting much bang for their buck. Considering the slanted COT reports for gold and silver, the heavily short commercials aren’t making much progress since their raid. Silver made a new high recovery close…

September silver
futures.tradingcharts.com/chart/SV/99

This is what comes out:

Original: and your point is …sincerely not judging… point is no one really is addressing the future…. another window…you buy a stock….really did you?????? and read the fine print of the new world of ….them …until we address the reality which we have witnessed and not addressed….they will win

Translation: Mfkzt seems to be indulging in a minor point, though perhaps he knows this, then again maybe it is not so minor, as the true cause of inflation lies deep in the perverted system instituted in 1913 with the Federal Reserve, by powers behind the scenes, to the horror of the framers of the Constitution, and until the citizens wake up to this power, and the force behind this power, this power will win.   

…Cool !

…Zoology Cool too !

Radiation Biology was an elective in my major. I took it back in 1968. I enjoyed Zoology(the sudy of animals) but did not go into the field. Now I’m pretty much retired.

…..is to dismiss Homeopathy on the basis that the .00000000000000001 mg of stuff alleged to be in the solution is too infintisimal an amount to have any thereputic action….

….There’s none so blind that will not see…

….Read it …then critique it

FGC

Thank You.   FGC, when you first played the hard rock version of “Tiny Tim” I was taken aback. Yet some  30 days thereafter many of the non mainstream  picked that same theme to describe Tim Geithner

Ferret, your version was  much appreciated. I am a deeply (silent) religious man yet one that absolutely enjoys humour. Despite our respective flation thoughts, I wish you to know that I think long about  your views and, in my heart wish you and yours the best. 

Imho, Playing “Don’t Worry …Be Happy”   Will drive them and their propogandists …NUTS!

…Me too….proud to be associated with this community

,,,Radiation biology ?

….what line of work are you in ?

http://www.youtube.com/watch?v=WlBiLNN1NhQ

maybe the messiah can whitewash this one.

rno

www.youtube.com/watch?v=02zOk_LQCkY

With all due respect, my landscaper will not cut his prices…were he do this I would still be employing him.

Also, for the Coal Gals, I left out that Rosies Saloon would be booming, Shoe sales would go up along with Cosmetic Sales and that Cofee Houses/Eateries would also  be booming. As the Great Mogambo would say…”this is so easy”.  ” One small step for Man and a Giant Leap for Mankind.”

Also, for the annoyed, despondent and  hopelessly depressed citizens out there may I suggest that you simply play a song at your Town Hall Meetings..over and over.. It’s called: “Don’t  Worry BE Happy”  Worked with the Tiny Tim UTube some months ago, here on the Tent. Remember? 

You refuse to see it.  It is hitting you personally in the hip pocket, and you can see it happening to your landscaper, but you don’t seem able to connect the dots.

When demand is falling, he who cuts first, survives.  And we are talking about survival here, not maintaining a standard of living.

Completely agreed in that lowered demand is a Secondary Effect, just as you posted. However, lowered demand can cause Price INCREASES out of necessity. Fired my landscaper..he’s having a tough time now, making ends meet…so he is charging my neighbor a bit more. (True Story)

www.bloomberg.com/apps/news?pid=20601087&sid=a82qt5fzM7Co

Samb, they will not allow coal to gas to be priced cheaply should it come to fruition.