Oldtent Archives 2009

Way to go…I love ideas that are like that….in a way a couple of those lots would not be too bad to have…way to go Horsetail. keep yer eyes peeled….haaaaa

Thanks for the hot tips,, now how about providing next weeks winning powerball numbers eh

www.niho.com/Press/Press13.asp

By the way ..as it is slow I just gatta get this out here….There is an opportunity I can;t grab on too ..I am too tangled in the other stuff…but there is an 11% ownership plus a guaranteed 10% coupon rate of return with the possibility of up to about 27% return if all goes decent …It is a three phased condo resort project on Caye Caulker…permits are granted land is bought.the family has skin in the game around 540,000 U.S Atlantic Bank will grant 2,000,000 loan …first phase is 2,600,000 U.S I know the individual that is heading the project for the family and he is very well versed in finance and risk mgmt. He is also the first human being I spoke with in Belize about banking …and in looking back at all the individuals I have had to contend with he above all was the gem in the rough…polite ..took his time explaining everything to Farmgal ….this was March 2006..I have been observing him and become close with him through my relationship with the bank..that by the way he works for….problem is the global turmoil made even his own board of directors at bank want 300,000 U.S to back up the darn 2,000,000 loan…so they are offering a pretty darn good incentive..I am just privy to the deal because of our friendship….he will send me his short balance sheet concerning the deal and if it is ok with everyone I will either post it or re-direct the info to who wants to look at it or call him….by the way I don’t want nor will I take anything from him …my opinion is just as it is for the tent [for the good of all]..it may be a perfect fit for someone or then again with what we are faced with in this crazy world …it could be not so good ..

chart is last (it is WEEKLY)

www.youtube.com/watch?v=0oPDANK90K8&feature=pyv&ad=2888221534&kw=sarah%20brightman

www.youtube.com/watch?v=C86oH5RwyJg

aurum (UUP and)

I din’t get to the place in Belize City as I got too tied up in other things…but don’t you ever talk like that…..your smart …been around the block many times…..knowledge like yours cannot be replaced by these young punks..the markets the last year and a half were impossible to manage…it is not you at all….what you have in your head is valuable….nawwww one day you will be here…with wife and doggie….Go have fun …see ya when you get back

I am happy to hear that a trading office will be set up. I have taken myself out of trading for now as I was not batting well. Also we will be gone for a long period of time and the last time I left money on the table while gone was very expensive. Good luck to you and all the others.

Hopefully my days at sea will bring me back again in the game - but perhaps I am too old and should go with the old elephants.

Even Barney won’t come in the office. I guess he knows more than I do.

aurum

wj

another server problem in california i presume. i’m on hold now with custermer service tech support. wj

Chat room appears to be working this evening.  Cheers!

dec gold at 9400. i’ll be filled sure and likely soon. i’m holding off on the ‘wild sister’ silver for now. no fills today on the 13750 dec nor the 9350 dec. and the beat goes on! wj
www.youtube.com/watch?v=qU10TZs1ow0

http://www.youtube.com/watch?v=xI5l55p2s-o

But what’s this “Stand tall… or die in fear”?!

Just checking to see if you were paying attention… and it looks like you were    lol

PS ..If you’re going to Chartres, snap some pics for me (in the cathedral if you can)  TIA

What do Chinese farmers have to do with the price of copper? Plenty

ALY SONG/REUTERS

A lot of base metals that China imports is being stockpiled in government warehouses. But not all of it. Hog producers and others are buying physical nickel and copper as an investment.

Andy Hoffman

Toronto — Last updated on Wednesday, Aug. 19, 2009 11:38AM EDT

Forget the sluggish U.S. economy. The biggest threat to the stunning rebound in base metal prices could come from Chinese pig farmers.

Easy access to credit from Chinese banks has apparently inspired hog producers in Guangzhou province, investing-astute citizens in Zhejiang province and residents of the northern scrap metal trading hub of Anxin county to speculate on the price of copper and nickel.

Regular Chinese citizens are mimicking the government’s decision to aggressively stockpile metal supplies amid the global economic crisis.

According to a recent report by China Central Television (CCTV), residents in rural areas have been accumulating physical copper in recent months, in quantities ranging from a few tonnes to a few hundred tonnes.

The new breed of base metals speculator is cause for concern, according to commodity experts. Na Liu, China strategist at Scotia Capital in Toronto, said local observers estimate that the non-institutional Chinese speculators could account for stockpiling of some 200,000 tonnes of copper and 50,000 tonnes of nickel.

“These stockpiles are in ‘weak hands,’ as speculators have no real use for base metals,” Mr. Liu told clients in a report.

“When the market sentiment turns, they are very likely to turn into quick sellers, especially when the bank’s money is involved.”

Such selling could put pressure on the price of copper and dampen the strong rebound that Canadian copper miners including Teck Resources Ltd., (TCK.B-T28.390.732.64%) First Quantum Minerals Ltd. (FM-T68.98-0.61-0.88%) and Lundin Mining Corp. (LUN-T3.75-0.02-0.53%) have enjoyed in recent months.

China has been the key driver in the remarkable performance of copper, which has more than doubled this year and was changing hands at about $2.80 (U.S.) a pound Tuesday, well off the lows of $1.25 a pound hit last fall.

China’s $586-billion economic stimulus package, which is designed to spur spending on infrastructure, coupled with liberal lending policies by domestic financial institutions at Beijing’s behest, has prompted massive buying of base metals, particularly copper.

With about $2-trillion in foreign currency reserves, China desperately wants to diversify its investment holdings and has turned to so-called hard assets such as copper. Yet China’s Strategic Reserve Bureau warehouses aren’t the only places that the orange metal, which is used to make pipes and wire, is being stockpiled.

Chinese banks have made about 7.7 trillion yuan (about $1.1-trillion) in new loans so far this year, and it appears that some of the money borrowed by consumers has been used to buy copper, nickel and other commodities.

According to Mr. Liu, citing the CCTV report, the “famously investment-savvy” residents of Wenzhou in Zhejiang province are using bank loans to stockpile copper scraps. One merchant said he had stockpiled 20,000 tonnes of scrap using bank lending. And in Guangzhou, CCTV found that pig farmers were buying physical nickel and copper as an investment.

While pricing pressure is possible, Scotia Capital’s Mr. Liu is not predicting China’s citizen speculators themselves could cause a copper or nickel price crash. As copper imports have surged to a record, China is expected to consume about five million tonnes of copper this year and about 400,000 tonnes of nickel.

But it seems all that metal isn’t being used to make cars and refrigerators. Mr. Liu estimates that commercial stockpiling by both state-owned enterprises and Chinese residents could account for at least 300,000 to 350,000 tonnes of copper, if not more.

China’s gross domestic product grew at an annualized rate of 8 per cent in the first half of the year and industrial output has now recovered enough to be up more than 10 per cent in July, year over year. “If the economic momentum is maintained … most of the inventories could easily be digested in the real economy and the ‘investors’ could be rewarded for their forward-looking bet. That said, if, for any reason, sentiment turns sour in the market, a temporary ‘de-stocking’ could not be ruled out,” Mr. Liu said.

Desjardins Securities analyst John Hughes said the market has, for months, been trying to figure out how to account for all the copper being imported by China. Even if the citizen speculators are a big driver of copper demand, Mr. Hughes expects that China’s growing industrial economy will easily be able to absorb a surge in selling by the speculators.

“Any speculative investment in that commodity is ultimately going to be sold into the domestic market so we do not believe we are going to see any material [copper] exports back into the West,” Mr. Hughes said.  

consumption in the winter ahead and that expected lower natgas consumption is impacting negatively on our natgas-weighted Canadian energy trusts. If we keep getting this weather warming for a few more winters, sooner or later someone is going to call it climate warming [G] Cheers. Equiz. Hope it is warm where you are.

tinyurl.com/nodnyv

Tell old Ron Paul I got almost all of them items covered and the ones I don’t have I am feverishly working on….only things he missed are sand gravel cement and a nice KFC franchise.Haaaaaaa
Oh ..And a BOAT or two or three

http://www.youtube.com/watch?v=xhSsmzS7RTI

Ron Paul in 1983 getting on their ass as usual about destroying our economy, currency and country - why, how and what was going to happen - and that at some point something has to be used that has real value and not this fiat paper money which is now nothing more than the ink and paper that it is printed on, and the only reason it has worked this long is because at one time it *did* have gold backing which created *confidence* which the dollar has been “coasting” on since, but is of course gradually losing it’s momentum originally produced by the gold backing, losing confidence because of the removal of gold backing, which will at some point become *worthless* and that real commodities like gold, silver, CIGARETTES, coffee, herds, cattle, flocks, land, wheat, corn, beans, honey and oil will need to be used for money or as backing for MONEY again!!!

the word and understanding of the graft and corruption is becoming more prevelent and the sheeple are just beginning to get really really pissed. i do consider it a good sociatal awakining if this is so and i’m not seeing things and the first in line for the choping block need be the top dog banksters remember kill a snake chop off the head and then thier corporate followers including the traitorous politician minions….and then we may rest and reconstruct according to the constitutional republic ways of the founders. ‘lamp posts r us’ are here to serve the cause. we do live in interisting times!
wj

You can use me as a referral if you’re serious:   www.chateau-de-la-motte.net/

*U.S. TREASURY TO AUCTION $27 BILLION IN 52-WEEK BILLS
*U.S. TREASURY TO AUCTION $42 BILLION IN TWO-YEAR NOTES
*U.S. TREASURY TO AUCTION $31 BILLION IN THREE-MONTH BILLS
*U.S. TREASURY TO AUCTION $28 BILLION IN SEVEN-YEAR NOTES
*U.S. TREASURY TO AUCTION $30 BILLION IN SIX-MONTH BILLS
*U.S. TREASURY TO AUCTION $39 BILLION IN FIVE-YEAR NOTES

This is the price of supporting the grift and fraud in our banking system.

I count $207 billion, coming two weeks after a $250 billion dollar week.

Let’s annualize - that would be about $5 trillion a year in annualized issuance.  My-oh-my how long can this continue?

Who knows.  What I do know is that this is absolutely unsustainable, it is approaching 40% of GDP annually, and yet this is what is required to keep all the balls and plates in the air as a direct consequence of our government’s decision to sponsor and permit massive financial system fraud to continue.

The world’s tolerance for this will eventually end and before it does our government had better have changed their tune and cleaned up the mess, because if that has not taken place first the economic consequences will be catastrophic.

Wake up America (and Mr. President); your choice is to heed the alarm clock or you will still be asleep when the ceiling comes crashing down on your head.

http://market-ticker.org/

Contact info??

buymore (greenthumb)

Hi Bill -
If you are fan of Dan Brown’s book The Di Vinci Code you should be excited about his new book The Lost Symbol that deals with the hidden history of the United States as well as the banking cabal.

tinyurl.com/l5qqar

I read this article and it hit me like a “shock and awe” bomb because it is going to deal in what I have been yelling about for years!

This is a very big deal because Americans around the country have FINALLY begun to get mad at the government and that anger is coming out at “Town Hall” meetings almost daily.

The topic this book addresses is at the very core of the exploding power centers in Washington, on Wall Street and “Royal Families” around the world that have secretly ruled the world for over 100 years.

The great thing is that the book will hit the shelves at the exact same time that the banking elite will be suffering the next wave of the Financial Tsunami!

If I wasn’t a conspiracy lover I’d say this was all timed to hit at the same moment to help in the removal of the “Bad Guys” that run our daily lives.

We are so close I can almost smell it!
Bix

a full 2″..wj

Gono wants Zim dollar back

Bill,
Will Zimbabwe be the only country in the world to back its currency with gold? Wouldn’t that be ironic?

www.thetimes.co.za/News/Article.aspx?id=1051905

QUOTE

Gono wants to revive the dead currency and link it to gold reserves held in the country. He says bringing back the Zimbabwe dollar will make trading easier because people are struggling to find small change. “We anchor our Zim dollar to the gold available. It will not only be RBZ, but all stakeholders,” Gono was quoted as saying in state media yesterday.

“We can even print gold coins. The Zim dollar can then gain as it is anchored on gold. We need to think outside the box.”

What worries me is the hair-brain idea “We can even print gold coins”!! Either he meant to say “mint” or he has been talking with the folks at GLD and JPMorgan!
Cheers
Adrian

END