Gold , coins , miners , timing

[longnine009]

BO's weekly photo op is going to be the summit on health care reform. There are 3,500 lobbyists lobbying for it! You don't need 3,500 lobbyists to get  a good bill passed. You need 3,500 lobbyists to get a piece of shit  passed.

[longnine009]

OldDan should get a kick out this:
http://www.huffingtonpost.com/2010/02/22/nursing-home-residents-fo_n_471398.html

[whadda]

BO's weekly photo op is going to be the summit on health care reform. There are 3,500 lobbyists lobbying for it! You don't need 3,500 lobbyists to get  a good bill passed. You need 3,500 lobbyists to get a piece of shit  passed.

Lobbyists actually write a bill's language then submit it via a congress-person to have it introduced for passage hoping the contributions to election campaigns or perks are enough to do the trick. Enacted legislation is just a patchwork of submitted language with attached amendments, ryders, etc, otherwise commonly known as 'pork' that becomes law.

[Paint Your Wagon]

Belgium wants to be remembered proudly as giving
hundreds of millions of euro to Haiti
In the old days 10% would be the handling fee of the HQ of the dogoodders ( doggodders)
then the troops would take 30% for advancing the movement
Then bank and transfers would take 10% and the government of the state receiving the aid
would take 99% of the remainder as their just right and blame the giving country for giving a
mere almond

In the meantime we had homeless people sleeping in the train station in Brussels so as not
to freeze to death . Homeless who refused the use of very large empty military barracks

I do not understand this world anymore . So I only give to KOTCT and my wife 
And I fully expect to be screwed by all but one .

[Paint Your Wagon]

[Paint Your Wagon]

And I fully expect to be screwed by all but one .

Are you bragging or complaining?

Eh ? Come again 
Engleeese is my 3rd langweeeze  I not unnerstand
PS I am not complaining I get too much : I am adaptable
Bragging would be I said I had 7 happy moments in 24 hours like when I was 20

[Paint Your Wagon]

I object very much to somebody with a name like Debora Levine
saying that gold is down before Bernanke
Before this is over Bernanke will be in protectional custody

http://www.marketwatch.com/story/gold-down-a-third-day-before-bernanke-2010-02-24?siteid=msn

[longnine009]

She thinks the opinions of the clueless Bernanke (or anyone else) effects the mood of markets. So that makes her the  clueless observing the clueless. Maybe  BO should make her the  Clueless Czar.  She would make the perfect substitute for Gordon Brown who would take that post but is too busy right now trying to keep Atlantis from punching a hole through Manhattan  as it rises from the depths in 2012. 

[TwoShadows]

Just think WE are paying these people to act clueless or as we call it in Indiana----STUPID! Living like Kings and Queens off the backs of the very people they are screwing! They are nothing more than stool pigeons for those really in control and we don't even know who they are!

[Paint Your Wagon]

Well this beats all
I am non political because that is heartburn and a loss of time to be political
But a guy called Van Rompuy and Belgian just became president or head honcho
of the European Union ( he is a mouse and a cameleon and undescript )
The inauguration was today filmed by everybody
Is that no name limey who starts insulting like the best bouncer I ever heard making
mouth noices
He says who is that never heard of Von Rompuuy and what is he doing here
coming from a NON COUNTRY like Belgium etc etc and the honcho in charge
let him go on and on
Well I hope if the limeys ever come and ask for an euro that Brussels will tell them
to go back to their island is it Wales or England or Scotland or Farouk or Eire
I don't care . Somebody should tell them their Empire is GONE

and this non country has a better payment balance than the empire where the sun never set
in the very far past

[whadda]

Belgium is a country?

[Paint Your Wagon]

That is what Napoleon claimed

On the other hand there was this "police" marechaussé general who said to the king that
Belgians do not exist
And he was right . I am Flemish  I want to separate from the losers which
are Walloons and Brussels 

There was this Flemish activist who died at the hands of the marechausé and when he
was buried the mounted police fired into is coffin : to make sure he really was dead 

[Paint Your Wagon]

It seems 1090 $ an ounce is a battle field

On days like this I disconnect my investment program and go slumming

[longnine009]

They are nothing more than stool pigeons for those really in control and we don't even know who they are!

That's the whole purpose of democracy. To shield the aristocrats from the mobs. Elections are nothing but an appeasement episode. Instead of lopping off heads, people "vote the bums out." How long does this "vote the bums out" go on for before people figure  it out? Accepting the premise that candidate "A" is better because he sucks less than candidate "B" is saying that marginal is better than nothing.  As long as we continue to accept that and play their games marginal is all we are going to get.

Democracy being 51 percent of the population telling the other 49 percent what to do would be bad enough if it were true. It's more like 3,500 lobbyists telling the whole country what to do.

Dear Thom Jefferson:
Tell me again about that tree of liberty?

[Paint Your Wagon]

The iluminati think there effing us
but in the end the will all have died of old age 

[dharmaeye]

They are nothing more than stool pigeons for those really in control and we don't even know who they are!

That's the whole purpose of democracy. To shield the aristocrats from the mobs. Elections are nothing but an appeasement episode. Instead of lopping off heads, people "vote the bums out." How long does this "vote the bums out" go on for before people figure  it out? Accepting the premise that candidate "A" is better because he sucks less than candidate "B" is saying that marginal is better than nothing.  As long as we continue to accept that and play their games marginal is all we are going to get.

Democracy being 51 percent of the population telling the other 49 percent what to do would be bad enough if it were true. It's more like 3,500 lobbyists telling the whole country what to do.

Dear Thom Jefferson:
Tell me again about that tree of liberty?

The USA was started as a Republic with the federal governments purpose to protect individual rights above all else (and thus eliminating the monarchy, dictators.... The US Constitution  as originally written supported this. I'm afraid this has ended and I thus moved back to Canada. Actually Canadian's under the Bill of Rights has no property rights.
I guess I'm afraid that things are generally going to get nasty.

[whadda]

'The Nazis took our gold, they should at least thank us': Greek deputy PM's extraordinary attack on Germany over debt crisis
Quite the food fight going on over there.

[longnine009]

The iluminati think there effing us
but in the end the will all have died of old age  

Oh dear, how then will the U.S House of  Cucarachas  "earn" a living?  

[Paint Your Wagon]

'The Nazis took our gold, they should at least thank us': Greek deputy PM's extraordinary attack on Germany over debt crisis
Quite the food fight going on over there.

It is of course spilled milk but they are right
My father was guest of the germans from 1940 till 1944 eating gras and worms and scarabs
He came back a broken man . The house was bombed away by the alies . Gone
After 50 years the germans offered to pay recompensations when he was dead like for 5 years .
We all suffered at the hands of the germans to see them get rich from handouts from the americans
Then to see them screw themselves to death over taking eastgermany back .
They never recovered from that poison pill .

[Paint Your Wagon]

  They have our wallets. What more can they want? 

[Paint Your Wagon]

Will the gold 107 day cycle endure ?
Will Batman be able to repair his batmobiele ?
Will the Joker be revealed as Bernnankebe ?
Stay tuned to this station ; you will not hear it anywhere else first .
Your paint handyman sponsered by MGM and "paint your wagon"

More important did the cycle peak early at 65% on 22 feb ?
Only time will tell unles you got a direct line to the chinese headhonchos

[Paint Your Wagon]

It is a miners bloodbath
They are trying to cash in into weakness
Oceana going down to get out with a gain ( I am out for more n a week now)
Dollar going up of course

[Paint Your Wagon]

one by one turning green
the dow is going but the miners seem to be winning this battle today

All that whilst I am listening to the hitparade of 1968
I am on Hush not a word to Mary (john rowles)

[longnine009]

 They have our wallets. What more can they want?  

Remember what O'Brien told Winston in 1984? "It's not enough to believe in Big Brother, you have to love him."

*******************************************************
WASHINGTON – New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.
*******************************************************
Imagine that. I thought it rose because we are a "unexpectedly" depression, "unexpectedly" speaking.  

[Paint Your Wagon]

What a day
a 2% negative headfake for most miners and now all up 2 to 7%
But dow still waiting for 911 rescue

[Paint Your Wagon]

 They have our wallets. What more can they want?  

Remember what O'Brien told Winston in 1984? "It's not enough to believe in Big Brother, you have to love him."

*******************************************************
WASHINGTON – New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.
*******************************************************
Imagine that. I thought it rose because we are a "unexpectedly" depression, "unexpectedly" speaking. 

I was listening to the British top 30 of 1968
Anyone remember this duo ?

Esther and Abi Ofarim

[longnine009]

Hey what's up with Obama's gray hair? Did he get that in just one year? I don't remember him having gray hair before. Maybe they're trying to dress him now to resemble the ever reassuring Doctor Marcus Welby MD. Gotta have a touch of gray hair for that.  Wait until the democrats are done laughing at his suggestion that they sacrifice themselves in the election by voting anyway for the good Doctor's  Health Care reform.

[whadda]

I was listening to the British top 30 of 1968
Anyone remember this duo ?

Esther and Abi Ofarim

Remember them? You can still get concert tickets for their tours. Bee Gees gave them their start.

Added some NG this morning. The end of the month noise ending a little early with a reaction to being oversold.

Maybe Greece can ask for reparations from the Roman Empire just insult them first before asking.

[Paint Your Wagon]

I was listening to the British top 30 of 1968
Anyone remember this duo ?

Esther and Abi Ofarim

  Remember them? You can still get concert tickets for their tours. Bee Gees gave them their start.

Added some NG this morning. The end of the month noise ending a little early with a reaction to being oversold.

Maybe Greece can ask for reparations from the Roman Empire just insult them first before asking.

[/quote]

Beware of the Greek bearing gifts  
They can allways eat their sheep and olives

I did not know the ofarims were still together but I saw they have a german internet site
Anyways I was not thinking of the Rockefeller song which they had 13 weeks in the top
http://homepage.ntlworld.com/gary.hart/lyricso/ofarim.html

But I was listening to a "little known ?" song walz on
her hubby is sick she keeps on dancing
her hubby is dying she keeps on dancing
her hubby is dead she keeps on dancing
her hubbys will is going to be read , time to stop and go home  

What I see in the goldminer market is distress buying by those that were out
Please keep this up for another three weeks mister and misses distressed with money
but no miners  

[Paint Your Wagon]

It looks like a decoupling from gold and miners from dow and company

Oh how I would wish this were true

I am fully loaded apart from emergency money in basic trading and physical ports

[Paint Your Wagon]

You may have noticed that China has been dumping it’s holdings of U.S. Treasuries, dumping more than $34 billion in American IOUs in one month (December}, slashing its holdings from last year a total of $45 billion.
With that in mind........
Gold Miners to look at:
#1 Agnico-Eagle Mines (AEM)
#2: Goldcorp (GG)
#3: Kinross Gold (KGC)

I had heaps of Echo Bay and as a result I still got heaps of Kinross but it is on the
underperform and reduce list I made myself
Together with Anglogold Ashanti and Harmony

On the buy list I have New Gold and Osisko and Novagold
On the accumulation list I have Oceana

On the trade list I have Yamana , Tanzanian; Great basin gold

Minefinders and Durban deep are in limbo ( no list )

[whadda]

You may have noticed that China has been dumping it’s holdings of U.S. Treasuries, dumping more than $34 billion in American IOUs in one month (December}, slashing its holdings from last year a total of $45 billion.
With that in mind........
Gold Miners to look at:
#1 Agnico-Eagle Mines (AEM)
#2: Goldcorp (GG)
#3: Kinross Gold (KGC)

It's not quite true about Chinese dumping, their stealth Ts and bond buying continues via Hong Kong. Tied at the hip with the dollar they can't allow the dollar to fall to far to fast or the locals will make Greece look like it's having a tea party.

Prefer juniors to seniors for the most part then penny stocks (anything under $5).

[whadda]

It's not quite true about Chinese dumping, their stealth Ts and bond buying continues via Hong Kong.

May be true, but just how Chinese IS Hong Kong?

Good question. Britain gave it back to China in 1997 but Hong Kong has its own currency and is at the very least a thriving financial center and acts as a go between, China and the outside world besides having a world class port and highly developed manufacturing center. We'll see how long it takes China to assimilate Hong Kong completely into the collective.

[Paint Your Wagon]

AIG still having problems ?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7umvCgNDaOo&pos=2

[Paint Your Wagon]

I was surfing the web to find who sung Put another nickel in the nickelodeon
When I stumbled on a site which said I could get a green card if I choose the
president of the US right
So I put in the female as president  

[Paint Your Wagon]

This is working
The more old music I play the higher gold is going

[Goose]

P Y W, "Put another nickel in, in the....." was sung by Theresa Brewer sometime around 1950. Ahhh, I remember it well as I was learning how to ice skate on a Chicago city's park ice rink with music playing. I think the title of the song was 'Music, Music, Music'.

[Paint Your Wagon]

P Y W, "Put another nickel in, in the....." was sung by Theresa Brewer sometime around 1950. Ahhh, I remember it well as I was learning how to ice skate on a Chicago city's park ice rink with music playing. I think the title of the song was 'Music, Music, Music'.

Thanks I found it under music music music

We had real fairs in those days when I was young lasting three weeks
I would hang around the bumper cars with their jukeboxes blaring out all the songs
of the moment sometimes years later then the US releases.
I am sure the phrase stuck long before I learned english ; since english only started in 3rd humaniora which is the 9 year of schooling
I got like 1000 songs now having reconstructed most I heard and liked

[longnine009]

AIG still having problems ?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7umvCgNDaOo&pos=2

"Shout Shout knock yourself out..
Comeon yell yell loud and swell
You gotta Scream scream you know what I mean,
Put another trillion  in the insurance machine.."

Parody on Shout Shout.

Ha ha, 2009 4th quarter revised GDP is 5.9%  They must be adding some kind of productive value to Bernanke tickling everyone's nuts.

[whadda]

Try finding.......

Commander Cody & His Lost Planet Airmen - Smoke, Smoke, Smoke (That Cigarette)

or

Playmates - Beep Beep (The Little Nash Rambler)

or
 
Larry Verne - Mr. Custer

or

Kingston Trio - M.T.A.

or

Bing Crosby & Andrews Sisters - Swinging on a Star

[whadda]

AIG still having problems ?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a7umvCgNDaOo&pos=2

The big boys wrote swaps for Greece to get into the EU and the EU is now refusing to report what they are worth.

[longnine009]

Try finding.......

Commander Cody & His Lost Planet Airmen - Smoke, Smoke, Smoke (That Cigarette)

or

Playmates - Beep Beep (The Little Nash Rambler)

or
 
Larry Verne - Mr. Custer

or

Kingston Trio - M.T.A.

or

Bing Crosby & Andrews Sisters - Swinging on a Star

Commander Cody did Hot Rod Lincoln too didn't he?
What's more fitting for Geithner and Bernanke? The song Hot Smoke and Sassafras or the name of the group Bubble Puppy?

Stocks for the long run:  96 Tears.

Here's one for us. Steve Miller Band  "Your cash ain't nothing but trash." Around 1974.

Glenn Fry: "I got sick of my job, sick of my wife, sick of my future and sick my life, packed up the car and I got some gas, told everybody they could kiss my ass, I'm going to party town. "

Okay, gotta go back to work now.

[whadda]

.....Yeah and 'Lost In The Ozone Again' and 'Down To Seeds & Stems'

Eagles in a class by themselves.

From a Youtube comment....."Actually it says in my CD that they got the name from Huxley's book "Brave New World" in which a game called "Bumble Puppy" was mentioned. They were tripping on acid while reading passages from the book and just changed it to "Bubble Puppy."

[Paint Your Wagon]

They have'nt served my wine since 1969

Let's be more optimistic
I like Albatros bird of good omen ( after listening to Joan Baez for half an hour )

Goldminers are going to go up the next week(s) in a misery rise or the real thing depending
on what the PPT let them do.

Monday will give an whole set of new charts
New month, new week, ,new day

[Paint Your Wagon]

This is one of the tried-and-true ways that governments ("desperate morons in charge!") seem to think will actually work, despite the obvious stupidity of it, and that is why I was shocked when I saw that Obama is endorsing legislation to prevent health insurance companies from raising prices! Unbelievable! Gaaaaahhhhh! 

And pray Mogambu Guru (PMG) why would BO be less moronic then the french kings
that put merchants to death for raising prices  ? Why cannot HE have anything he wishes (AHW ) why cannot he be what the germans call the Afro Jesus ?

http://www.safehaven.com/article-15924.htm

[Paint Your Wagon]

today Hurst dominancy envelopes best reflect my feel for HUI

[Paint Your Wagon]

Fannie Mae want another 15 billion pocket money 


http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ7Vw70CckxU&pos=2

[longnine009]

This is one of the tried-and-true ways that governments ("desperate morons in charge!") seem to think will actually work, despite the obvious stupidity of it, and that is why I was shocked when I saw that Obama is endorsing legislation to prevent health insurance companies from raising prices! Unbelievable! Gaaaaahhhhh!  

And pray Mogambu Guru (PMG) why would BO be less moronic then the french kings
that put merchants to death for raising prices  ? Why cannot HE have anything he wishes (AHW ) why cannot he be what the germans call the Afro Jesus ?

http://www.safehaven.com/article-15924.htm

Obama could care less what's in that bill as long as his name is next to the word "reform."  Maybe his ideologists have associated "reform" with godliness. Too bad, historically  reform is the last screech of the retreating hustler.  Oh, and the  "reform" bill also does not allow people to shop out of state for coverage. What happened to the "free trade"  hypocrisy? I don't care what it looks like on the surface. I don't care about BO's sock puppet "attacks" on the insurance industry. Before it's over, if it passes, it will be nothing but a  back door bail out for these scumbag insurance companies who lost their asses in hedge funds and derivatives.

Mandatory health insurance will be as "good for Americans and good for "America as  East Germany was for the Germans living there. It was so good for them that it was imposed on them with tanks and a wall.

Dear Harry and Seahag: Can you say:  "Ich bin ein  insurance shill from cucaracha hill."  

[Paint Your Wagon]

Oh, and the  "reform" bill also does not allow people to shop out of state for coverage. 

Oh at one time car insurance was like less then half price in Great Britain then in Belgium
However it was not allowed to buy it there . Other things are like virtual monopolies
Internet access and download volumes is of the highest cost in Belgium ; but it is not possible to ask for a fiber cable from France eh ? And moreover Belgacom had a record year and turned out record dividends to the state who is still large shareholder.
In theory we are free now to choose our electricity provider and electricity transporter but I cannot be bothered cause the "free" market is really artificial and the majority will allways be with the most expensive ( by strange coincidence )

[Paint Your Wagon]

New week new weekly chart

Gold shooting up for the march high as expected for the last 8 weeks
I still believe it is going to be a relative high with few pleasure to the holders

[Paint Your Wagon]

HUI new week new weekly chart

HUI like most of the time is running late vis a vis gold

I still plan to rearange by selling 20% of my miners in the weekly high when it comes in march

[whadda]

FWIW, I've argued for a decade that EMU (not EU), and hence the Euro, was doomed from the starting gate. No currency union in history has ever survived, let alone thrived, without concomitant and (more or less) equal political union. Neither concomitancy nor equality exist in the EU/EMU relationships, other than by a certain amount of lip service.

EMU (hence, again, Euro) is governed by a substantially different set of rules than is EU. The boffins can either rectify this situation or stare squarely in the eye of failure. Because the necessary machinery for EMU reform does not exist in either the Maastricht or Lisbon agreements, the boffins will have to make it up from scratch...likely without any sort of public input or vote at all. This latter situation is absolutely certain to make large portions of various nations furious with them, but, as they (EU and EMU) haven't to date cared about popular opinion, there's no particular reason to think that they will begin to do so here.

These people are, generally, statist technocrats, who believe -- oddly, rather reminiscently of the 'divine right of kings' that they rightly despise -- that they and they alone have the required wisdom and ability to address/solve various policy problems, and that the sundry electorates of the EU haven't a clue. They are in error, but they have not learnt this lesson yet; the learning will be painful.

As to predictions of the value of Euro vs. other currencies, one must examine a variety of possible outcomes.

Suppose the proposal floated by Germany's state-owned lender, KfW (up to E $25 billion in aid, via purchase of Greek debt) is enacted. Euro will get a short-term bounce upward vs. most other currencies, the emphasis being on short. This bounce will last, absent other action(s), perhaps as little as 3 days, perhaps as long as a month.

This KfW programme is just at best a band-aid, though; Greece's financial problems are far worse than anything an E $25 billion figure can cure, and the band-aid itself is thoroughly septic. As surely as the sun rises, Greece will be back at the trough for more aid within a couple-few months, and possibly sooner. As if that isn't bad enough, Portugal (who are another basket case) and Spain ('too big to fail', where have we heard that before, eh?) and Italy (who have been profligates for decades, largely due to their inimitable -- thank G-d! -- political 'system') will be lining up at the bailout trough within X months or a year.

The net of this is: open the bailout floodgates for one nation, and be drowned by the rest. How can Germany (the only nation that matters on the financial side for EMU) say 'yes' to one or some and 'no' to the rest? The screaming from the 'no' countries would never cease. Yet, how can Germany say 'yes' to all comers? They cannot. There is simply not enough slop to feed all the bailout hogs who will show up at the trough. Germany, of course, know this. Quite a dilemma.

In the case of an initial bailout, the currency mkt participants will, sooner than later, figure out, ''Oh, shjt, here we go again.'' and the Euro will tank. I'm on record as stating that Euro will lose from 6 to 12 handles (just btw, from 1.36 to 1.35 vs. USD is 1 'handle') within 90-120 days of a firm bailout action. The loss could be much greater, and will apply to Euro vs. other currencies as well. Euro Bunds will take a sizeable hit as well, but I rather think that this hit will come on/after the second bailout (matters not who the second bailout nation is, btw), which is as inevitable, given the first bailout, as death itself.

===

Now, suppose that instead of even starting down the bailout road to hell, EMU says to Greece: ''Figure it out for yourselves, gents.'' Fine, the sequel here, short-term, is equally obvious. Greece will undoubtedly see severe levels of civil unrest, considerably worse than today's, and almost surely a fall of the gov't. EU/EMU will take the attitude that, as long as said unrest isn't ''contagious'', they'll stay well away from it, mouthing platitudes all the while, for as long as they can. Why?

Because, lawfully at any rate, they have to do. There is (again) no mechanism in any of the EU/EMU founding agreements for intervention in one nation by the collective and indeed, national sovereignity is in some sense 'guaranteed'. If they should intervene, they would be acting unlawfully by definition, and their credibility on other matters would drop sharply. If you should happen to believe that credibility is not very high on the EU/EMU list of priorities, please think again: the whole of the EU/EMU rests on believing (and getting other nations to believe) that, history notwithstanding, Europe is one nice big fuzzy ball of nations yearning to get along with each other. Political intervention would put the lie to that straightaway (not that any sane person believes the proposition now, or has at any time, of course). The Eurocrats would simply hate to have their noses rubbed in their hypocrisy and silly assumptions, worldwide and publicly...and they'll avoid this outcome until they have no other choice.

The effect on Euro in this case is problematic. One can make the case that the currency mkts will simply ignore Greece in this event (most of Greek debt is held by France and UK, after all), and say that Euro will here resume trading on ordinary economic considerations. However, this strikes me as rather whistling past the graveyard. The debt problems of the PIIGS aren't going to go away by themselves, now are they? Thus, it's actually just a matter of time until the next of the PIIGS hit the wall, and EU/EMU will face the same choice again. My money on the next of these, just btw, is on Portugal, within 30-120 days' time.

Net for the Euro in this case? Steady to lower until the next national debt crisis manifests itself, ceteris paribus.

===

One other option remains. Suppose EU/EMU (or just EMU) simply boot Greece from their 'union'? Again, this is absolutely unlawful according to Masstricht and Lisbon, but who's to say the idea is off the table? Yes, EU/EMU will suffer credibility problems, which they will loathe, but in this case they've quite a good defence.

That defence is to state, and correctly so, that Greece never should have been admitted in the first place. The books were fudged to show that Greece's financial state was much better than in fact it was (our old friends at Goldman Sachs had a significant role in this little charade, if you don't happen to know this already). They can say, with a great amount of truth, that ''We (EU/EMU) were defrauded upon the entry of Greece, and we consider that the tenets of Maastricht and/or Lisbon do not apply in the case of fraud.''

Now, notwithstanding that EU/EMU were perfectly well aware of at least parts of the fraud, and gross hypocrisy aside, this might be an effective argument to the currency mkts for leaving Euro more or less alone. Difficult to say just now.

EU/EMU gain another advantage if they boot Greece, though. This would be the clearest possible signal to the other PIIGS (and future would-be bailout pleaders) to 'straighten up and fly right', as the old American song used to say. Obey the budgetary principles in Maastricht, or we'll just cut you loose, verstehen zie?

Of course, if the self-induced debt crisis persists too far, this strategy shows diminishing returns rather quickly. EU/EMU can only boot out so many nations without downsising itself/themselves into irrelevancy. I suppose the ultimate case would be a reversion to the old Common Market nations, ex-Italy...but I should think that, in that case, we all of us would have much more severe problems about which to worry.

Effect on the Euro if the 'boot-out' strategy is employed? The currency mkts will cheer and Euro should rise, at least at first, as the perception will be that EU/EMU have gotten rid of a problem once for-all. If a second boot-out should occur (assuming rather dubiously that the Eurocrats would be consistent in executing this policy), Euro would start to suffer. Mkt participants would ask themselves, "Who's next?'', and this would be a very legitimate question. Currency mkts do not like serious and ongoing questions, and at some point, likely sooner than later, would start beating up Euro again.

===

Hope this little essay is of some use, and good trading to you!
18 posted on Sunday, February 28, 2010 11:16:40 AM by SAJ (Zerobama? A phony and a prick, ergo a dildo.)

Found at Free Republic

[Paint Your Wagon]

In my MBA studies were several examples of very sucessful companies growing so fast
they died

I think all we need is the Benelux with Germany and France in a 5 country union to be stable
and prodigious . Junk all those Brussels based bureaucrats which are very expensive and giving
nothing extra
Look at the EU manager list and you will find British and Spanish and Italian mgrs not
even remotely intrested in pulling their weight .
The US however don't even have the option of shedding Tarzan and his spendors unless an
earthquake just removes them from the map
I think we are all doomed and it does not help to hope the other is doomed first 

[Goose]

Personally, I knew that OlDan. I pay attention to politics....have for 54 yrs now. I've heard both Bushes mention "One World Order" and just a week ago, the Pope wants "One World Order".....for 'peace'. Hoo-Boy, are we in for it.

[whadda]

It's important to try and stay a step ahead of events as they are unfolding if for nothing else so you won't be caught off guard or surprised.

Because they are losing control long term the big boys' outlook seems to be about week or month to try and make a killing, long term investing is definitely passe.

China announces intentions to bid gold at market, why advertise before hand?  Between political and military leaders there I don't think they have clue. If infighting came to the forefront or conflicts between back alley trading partners erupted such events would really be destabilizing.

Without consumers on a worldwide basis buying more goods or demanding more credit, markets will go sideways or down. First Europe will wallow in mud then about April the States like California will wallow in the mud when a new budget has to be worked out. You can forget about real estate since no one can keep a job long enough to buy up ten years wortn of housing supply. Then bailout after bailout will be everywhere because nobody bothers to deal with debt just kicks the can down the road. Congress is a joke. One party voting no as a block is the only sign of hope so far since voters are tending to side with the noes.

[whadda]

China top holder in US debt, after all

The sharp revision came as the Treasury Department looked at Chinese holdings in US Treasuries in third markets such as Britain and Hong Kong, which were not picked up by the earlier estimates.

(Not counting 7 trillion the Federal Reserve own)

[longnine009]

"We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest." - James Warburg (Rothschild Banking Agent 1950)
 

They're so sure that they will get their one world government they've never been shy about stating it. And it's the chinese model that fascinates them the most which is why we've been kissing their ass even before we owed them trillions of dollars.

Is it just me, or has the Korean war, *that involved fighting Chinese troops as well as North Korean* disappeared from history?  

"...The social experiment in China under Chairman Mao's leadership is one of the most important and successful in human history."

Traitor #1  David Rockefeller

"Today, America would be outraged if UN troops entered Los Angeles to restore order. Tomorrow, they will be grateful! This would especially be true if they were told that there were an outside threat from beyond, whether real or promulgated that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by a World Government." - Henry Kissinger, Bilderburg Conference, Evians, France 1991

Traitor #2 and possibly tied for #1 with David.

[Paint Your Wagon]

And there they go again ; trying to bring the pound to its knees which is much
easier then the euro
Germany and Fance allready promissed to cover like two thirds of Greeces shortfall this year

Traders build up record bets against sterling

By Peter Garnham

Published: March 1 2010 11:12 | Last updated: March 1 2010 12:17

http://www.ft.com/cms/s/0/2ac2c184-2517-11df-a189-00144feab49a.html?nclick_check=1

[Paint Your Wagon]

In the meantime master magician BO thinks about a new nuclear strategy to eliminate
thousands of rockets our flemish newspaper reports based on a reference to the
New York Times
One cannot understand this untill one reads the last line
Billions of dollars invested in the Weopons Labs will have to insure
the reduced weaponry is and stays effective
What a lucky guy he has time to think about reducing weapons count
Could it be those weapons do not exist or no longer are functional ?



http://www.tijd.be/nieuws/buitenland/Obama_denkt_aan_nieuwe_atoomwapenstrategie.8303504-439.art

[Paint Your Wagon]

The monthly goldcycle is progressing nicely with a slow stoch bottom forming
A lower low in april ; may is still a possibility 50/50 like I would say
We seem from all accounts still on course for a relative march 19 th high
( allthough 8 march is still not excluede completely )

[Paint Your Wagon]

As allways HUI running late and going to kiss 20%

[Paint Your Wagon]

Gold still on course for a relative high 19 march

[whadda]

Patience is virtue.

[TwoShadows]

In regards to weapons of mass destruction I will say this, "No country in the history of the world has ever willingly destroyed its most feared weapons unless they had discovered something much better!" Why keep your bow and arrow when you can have a rifle?
The problem now is a host of countries are currently building that which we want to get rid of. Nukes are messy, destroy everything for miles and make a very large area virtually inhabitable for years and years. I am sure the "big" boys have discovered something less messy and just as quick but without destroying buildings, farm land and the future! I might add the fact we have been trying to get rid of these darn things for years and years? Could this be just another scam or reverse fear psycology which benefits ALL nations?

Makes you want to go out and hoard gold and silver doesn't it?

[Paint Your Wagon]

Patience is virtue.

After 10 years mine is wearing thin
Even some of my emergency rations like rice are getting past their due date
So after the relative gold bottom of april ; I will start to trade the 35-50 days cycle 
I am bored playing computer games .
Relative slow stochs today versus a month ago show we are lower in price for the same
slow stoch . Bad high coming in goldshares . In euro and British pound gold reached another
all time high yesterday

[Paint Your Wagon]

In regards to weapons of mass destruction I will say this, "No country in the history of the world has ever willingly destroyed its most feared weapons unless they had discovered something much better!" Why keep your bow and arrow when you can have a rifle?
The problem now is a host of countries are currently building that which we want to get rid of. Nukes are messy, destroy everything for miles and make a very large area virtually inhabitable for years and years. I am sure the "big" boys have discovered something less messy and just as quick but without destroying buildings, farm land and the future! I might add the fact we have been trying to get rid of these darn things for years and years? Could this be just another scam or reverse fear psycology which benefits ALL nations?

Makes you want to go out and hoard gold and silver doesn't it?

Oh but for 40 years now they have the neutron bomb
Kills everything living and after cleaning up the dead the buildings and fields can be reused immidiately

[Paint Your Wagon]

New aritmatic
You make one billion in gains and pay 1.3 billion to reward the people that made this possible

RBS paid £1.3bn bonuses on profit of just £1bn
Royal Bank of Scotland paid its investment bankers £1.3bn in bonuses for making just £1bn in profit last year, not the record £5.7bn declared last week.
By Philip Aldrick
Published: 9:41PM GMT 28 Feb 2010 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7340087/RBS-paid-1.3bn-bonuses-on-profit-of-just-1bn.html

[Templar]

WELL IT IS TAX TIME IN THE GOOD OLE USA .........MY HOME  HAS GONE DOWN IN VALUE BECAUSE SO MANY OF MY NEIGHBORS HAVE NOT BEEN ABLE TO KEEP THEIR PAYMENTS UP........WHEN YOU HAVE NO JOB IT IS KINDA HARD TO PAY RENT.......MY PROPERTY UP NORTH HAS DEPRECIATED BY $5000.............EVERYTHING HAS GONE DOWN EXCEPT MY TAXES......CURIOUS......................WE NEED A CRUSADE HERE IN THE U.S........TO RECLAIM THE HOLY LAND FROM THE INFIDELS CALLED GOVERNMENT..........SHARPEN THE SWORDS...POLISH THE SHIELDS.........THERE ARE SHADOWS OVER THE HILL....DYLAN WAS RIGHT "THE TIMES THEY ARE A CHANGING"...........I AM NOT FROM THIS CENTURY AND I SURE WON'T SEE THE NEXT ONE.....I THINK WE CAN BLAME IT ON THE HULA HOOP----ALL THAT TWIRLING AROUND CAUSED US TO LOOSE DIRECTION..........OH WELL.....JUST A THOUGHT

          YOUR CONFUSED SERVANT AND FRIEND.........THE TEMPLAR

[Paint Your Wagon]

WELL IT IS TAX TIME IN THE GOOD OLE USA .........MY HOME  HAS GONE DOWN IN VALUE BECAUSE SO MANY OF MY NEIGHBORS HAVE NOT BEEN ABLE TO KEEP THEIR PAYMENTS UP........WHEN YOU HAVE NO JOB IT IS KINDA HARD TO PAY RENT.......MY PROPERTY UP NORTH HAS DEPRECIATED BY $5000.............EVERYTHING HAS GONE DOWN EXCEPT MY TAXES......CURIOUS......................WE NEED A CRUSADE HERE IN THE U.S........TO RECLAIM THE HOLY LAND FROM THE INFIDELS CALLED GOVERNMENT..........SHARPEN THE SWORDS...POLISH THE SHIELDS.........THERE ARE SHADOWS OVER THE HILL....DYLAN WAS RIGHT "THE TIMES THEY ARE A CHANGING"...........I AM NOT FROM THIS CENTURY AND I SURE WON'T SEE THE NEXT ONE.....I THINK WE CAN BLAME IT ON THE HULA HOOP----ALL THAT TWIRLING AROUND CAUSED US TO LOOSE DIRECTION..........OH WELL.....JUST A THOUGHT

          YOUR CONFUSED SERVANT AND FRIEND.........THE TEMPLAR

Belgium is on a clompletely different tax cycle
I received the forms last year in may and filled in the OXO boxes last june I think .They change
the deadline every time they have a problem may-june-july-august like I think . The national taxes
take up to 52% of overall average income with 65% for the highest slice .The national taxes also collect the city taxes anywhere between zero and 12% depending in what city you choose to live
I live in a 7% city I think
On the national taxes and city taxes I got 300 euro back on february 28th last week because an employer overpaid pretaxes in 2008 ! They know this and tell you they pay you back two full months after they know it . With low intrest rates that does not matter.
The first property is no longer in direct taxes if it is paid in full ; that is if you have no loan cost
to deduct . I have been estimated at 32 000 BEF in 1980 like and this is yearly indexed and taxed totally seperately . House prices in Belgium have been climbing steadily and only came down little the last two years . Then there are the provincial taxes on water; sewers; waste; the environment; the province; etc
Then there are taxes of solidarity they take off my pension and "contributions" added seperately to social security
Like today social security informed me 50 euro was the solidarity tax to be paid before end of april.
If this is not enough we (have to) pay insurance on cars, houses, furniture, third person damage, hospitalisation ; temporary "personnel"; etc etc and taxes on all those insurances policies
Having a telephone before use costs me like 30 euro a month and 35 euro for an internet connection
and 30 euro for cablefilms. I have like 28 euro for consumers magazines so as to find the best investments lol . Now all these taxes and costs are going to be an inspiration for Socialist America 

[Paint Your Wagon]

David Russels calls Tanzanian an obscure gold name 
He does not seem to know Jim Sinclair is Tanzanian and has
the best Blog on the web

One wonders if he knows anything about the other shares he writes about
Unless you say upfront you are a Technician like me . I don't know who or what
Oceania is but I made 50% in 8 weeks in it   

http://seekingalpha.com/article/191211-gold-investors-increasingly-focus-on-tanzanian-royalty-exploration?source=email

[whadda]

So PYW, you are telling me all taxes total near 60% min. for a year? Is any VAT included in that percentage?

Greece is just the beginning. Either EU doesn't know or are unwilling to give a total of debt (losses) involved. Gold is pricing in the obvious.

It's going to take some nerve to sell positions when spot nears the $1150us area.

Separating Sinclair's website from his mining venture keeps it real. From his mining website it looks like he bought property with everything except a real gold mine on it. Maybe he will get lucky.

In a bull run all miners go up, some just faster than others.

[Paint Your Wagon]

So PYW, you are telling me all taxes total near 60% min. for a year? Is any VAT included in that percentage?

Greece is just the beginning. Either EU doesn't know or are unwilling to give a total of debt (losses) involved. Gold is pricing in the obvious.

It's going to take some nerve to sell positions when spot nears the $1150us area.

Separating Sinclair's website from his mining venture keeps it real. From his mining website it looks like he bought property with everything except a real gold mine on it. Maybe he will get lucky.

In a bull run all miners go up, some just faster than others.

For anybody earning an engineers salary with 10 years experience direct taxes are like 60% indeed. But the employer has to pay a lot more too
Boss pays 175 in salary and his share of social security ; employee gets 100 in gross salary and 48 in net salary minus city taxes etc
On the net salary you pay VAT and excises like gasoline is like 10$ a gallon ; to go to work by car is not compensated unless large distances are covered every day and belgium is too small for many to benefit. Some employers will have a bus system as an extra legal
gesture
Alcohol is like 25 euro a liter pure 24 euro tax and excises and profit margin

VAT is like 19 % on anything that is luxury silver bars included. VAT on food is 6%
Taxes on businesses are like 35 %

Unrecoverable costs on a house are like 20% therefore nearly no mobility in the
workforce that bought a house.

When my indicators give me a max (around 8 march or 19 march) I will be selling the miners I like least to buy others back in the next cycle bottom
Secondary indicators will be RSI 7 and 11 and bollinger bands and Momentum 39 days
And if applicable volume blow off and price blow off

Tanzanian is doing a lot better then Anglogold, Harmony and Drooy but that has to do with Currencies and cost of electricity
I plan to run down South African Miners and Kinross and Yamana this cycle

In the meantime gold(miner)action is picking up so that the relative high may be better then I feared . Another few days of 3% increase per day should put me in the mood .

[whadda]

PYW....Any talk of raising taxes there???

I read where Sinclair is on board now with gold taking a hit then onto new highs. Scary.

[Paint Your Wagon]

PYW....Any talk of raising taxes there???

I read where Sinclair is on board now with gold taking a hit then onto new highs. Scary.

Belgium has a 130% of gross national product deficit in the mid 80's and we had 15 years of austerity programs that never ended bringing the deficit down to 70 % before all this began .
I do not think Belgium can squeeze much more out of the lemon

Greece agreed today to stop spending and raise taxes for like 5 billion
http://www.ft.com/cms/s/0/f3f19f0c-26ad-11df-bd0c-00144feabdc0.html

The UK announced today a gamble . They are going to issue debt in dollars 
This can be a good idea or a bad idea depending on which currency falls the farthest and the fastest
the dollar or the pound . I would not bet on either outcome and I am a betting man

[Paint Your Wagon]

It looks more and more my 107 day cycle is going to give us a march high 
And this time around I was the only one seeing that 
Poor dharma lost the north not being able to see my charts
I believe squat of him talking to Sinclair and others the same month allbeit 20 years ago

On the German forum they are dead quite since they did not believe in the march
date I forwarded . If it comes they will congrat me ; but I have had it writing
without any response

I think from now on I am going to play the little cycles in silence . Too much
trouble to keep the wealthy informed .

Of course this here is my home and I stay here

[longnine009]

It looks more and more my 107 day cycle is going to give us a march high  
And this time around I was the only one seeing that  
Poor dharma lost the north not being able to see my charts
I believe squat of him talking to Sinclair and others the same month allbeit 20 years ago

On the German forum they are dead quite since they did not believe in the march
date I forwarded . If it comes they will congrat me ; but I have had it writing
without any response

I think from now on I am going to play the little cycles in silence . Too much
trouble to keep the wealthy informed .

Of course this here is my home and I stay here

We appreciate your insight here! I can't say that I understand much of chart interpretation but some people seem to have a gift for it.  Screw the wealthy--let them eat guillotine steel.  

IMO, metals are going to be good as long as they insist on rewarding the weak and stupid at the expense of the strong and smart. As long as they keep on doing it that way the weak will still be in charge of screwing everything up. Nothing will change and nothing will get fixed. We'll just keep doing the same thing over and over and expecting a different out come. Long term, I can't think of  a  surer bet than betting against zombie  economics. It might take awhile but I believe it's going to pay off big some day when the zombies run out of taxpayers and start eating each other.  I  only wish I spent more of the last ten years on the Internet  hoarding silver.

[Paint Your Wagon]

It looks more and more my 107 day cycle is going to give us a march high  
And this time around I was the only one seeing that  
Poor dharma lost the north not being able to see my charts
I believe squat of him talking to Sinclair and others the same month allbeit 20 years ago

On the German forum they are dead quite since they did not believe in the march
date I forwarded . If it comes they will congrat me ; but I have had it writing
without any response

I think from now on I am going to play the little cycles in silence . Too much
trouble to keep the wealthy informed .

Of course this here is my home and I stay here

We appreciate your insight here! I can't say that I understand much of chart interpretation but some people seem to have a gift for it.  Screw the wealthy--let them eat guillotine steel.  

IMO, metals are going to be good as long as they insist on rewarding the weak and stupid at the expense of the strong and smart. As long as they keep on doing it that way the weak will still be in charge of screwing everything up. Nothing will change and nothing will get fixed. We'll just keep doing the same thing over and over and expecting a different out come. Long term, I can't think of  a  surer bet than betting against zombie  economics. It might take awhile but I believe it's going to pay off big some day when the zombies run out of taxpayers and start eating each other.  I  only wish I spent more of the last ten years on the Internet  hoarding silver.

I do not think it is too late to buy silver if you can get it . It is even not too late to buy gold allthough I finished my general program a few months ago. Now on ebay germany it is mainly junk being sold
or generic investment coins .
 
My charts are playing the 4 sigma odds ; that means I have a 65% chance of being dead right and 35 %
chance of being wrong in varying degrees.
For some or other reason I am better at picking peaks and selling into peaks . I am a lot lousier about buying at bottoms .

I am trying cautiously to slip slide out of big miners and South Africans and to get into "unknown" little miners . I am not doing explorators yet . But producing or near producing miners .

[dharmaeye]

It looks more and more my 107 day cycle is going to give us a march high  
And this time around I was the only one seeing that  
Poor dharma lost the north not being able to see my charts
I believe squat of him talking to Sinclair and others the same month allbeit 20 years ago

On the German forum they are dead quite since they did not believe in the march
date I forwarded . If it comes they will congrat me ; but I have had it writing
without any response

I think from now on I am going to play the little cycles in silence . Too much
trouble to keep the wealthy informed .

Of course this here is my home and I stay here

We appreciate your insight here! I can't say that I understand much of chart interpretation but some people seem to have a gift for it.  Screw the wealthy--let them eat guillotine steel.  

IMO, metals are going to be good as long as they insist on rewarding the weak and stupid at the expense of the strong and smart. As long as they keep on doing it that way the weak will still be in charge of screwing everything up. Nothing will change and nothing will get fixed. We'll just keep doing the same thing over and over and expecting a different out come. Long term, I can't think of  a  surer bet than betting against zombie  economics. It might take awhile but I believe it's going to pay off big some day when the zombies run out of taxpayers and start eating each other.  I  only wish I spent more of the last ten years on the Internet  hoarding silver.

Moved from USA back to Canada. You can accumulate via ebay Canadian Gold and Silver at very good prices. Personally I shop for these items only in Canada. But being in the USA you can get these cheaper in USA. 1976 coins like the $100 1/4 Oz gold coin and the seven sets of four coins, individually or in sets of four and/ or 28. Each silver coin is 92.5% silver. Set of four is about 4.3 Troy oz. Its also Canadian currency.
http://shop.ebay.com/i.html?LH_PrefLoc=1&_nkw=1976%20olympic%20coins&_fln=1&_sc=1&_sop=1&_sticky=1&_trksid=p3286.c0.m283
http://cgi.ebay.com/1976-canadian-100-olympic-gold-coin-still-in-package_W0QQitemZ370343750469QQcmdZViewItemQQptZCoins_Bullion?hash=item563a352b45
http://cgi.ebay.ca/1976-Olympic-Silver-Coin-Set-28-Coins-with-Case_W0QQitemZ180475497048QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item2a052d8a58

[longnine009]

Thanks to you both for the tips. I think I just might start trying pick up silver at shows. I've been done with ebay ever since they pulled their paypal only crap. And I'll probably be done with the Internet once this computer takes it's last breath. I think I've had all that I can stand from  the so called "information Highway."  If it wasn't for the KOTCT room, I would have chuck this computer in the dumpster a year ago.

Maybe I'll time then to learn technical analysis?   

[Paint Your Wagon]

Thanks to you both for the tips. I think I just might start trying pick up silver at shows. I've been done with ebay ever since they pulled their paypal only crap. And I'll probably be done with the Internet once this computer takes it's last breath. I think I've had all that I can stand from  the so called "information Highway."  If it wasn't for the KOTCT room, I would have chuck this computer in the dumpster a year ago.

Maybe I'll time then to learn technical analysis?   

I would sorely miss you to talk too since you are so erudite ( did'nt check the meaning of the word in my American heritage dictionary of the English languate ; so if it rude I was wrong lol and I mean you know songtexts lol )

Learning technical analysis takes all of a day reading Edwards and Magee ( the bible)

However using statistics may take a lot longer . I participated in giving 5 days refresher courses for people that had seen it all at univ

If it were not for KOTCT  i would not be posting my charts anymore

[dharmaeye]

Thanks to you both for the tips. I think I just might start trying pick up silver at shows. I've been done with ebay ever since they pulled their paypal only crap. And I'll probably be done with the Internet once this computer takes it's last breath. I think I've had all that I can stand from  the so called "information Highway."  If it wasn't for the KOTCT room, I would have chuck this computer in the dumpster a year ago.

Maybe I'll time then to learn technical analysis?  

I would sorely miss you to talk too since you are so erudite ( did'nt check the meaning of the word in my American heritage dictionary of the English languate ; so if it rude I was wrong lol and I mean you know songtexts lol )

Learning technical analysis takes all of a day reading Edwards and Magee ( the bible)

However using statistics may take a lot longer . I participated in giving 5 days refresher courses for people that had seen it all at univ

If it were not for KOTCT  i would not be posting my charts anymore

Looking for this 107 day Peak to reset my timing. Thanks PYW.
Found the ChartScript stuff very interesting - will be following how his progresses for a while checking value.
I think we all three.... are old Curmudgeon's who do not suffer fools easily.

[Paint Your Wagon]

I used to have 3x107 or 3x102 days alternating in a larger 12 monthly candle cycle on average
So I will be counting days to see if and how much the larger cycle as shortened
Was december an aberation ? According to seven the differences should be harmonics and
allthough 1 is an harmonic of everything it is a poor harmonic 3 or 4 or 6 would have been prime choices for harmonics of 12
So untill further prove I reverted to 12 candles and 107 days cycles

Statistically I am close enough in a march high allready to disregard any figure and to count on by 107 from the high that is coming

[Paint Your Wagon]

Thanks to you both for the tips. I think I just might start trying pick up silver at shows. I've been done with ebay ever since they pulled their paypal only crap. And I'll probably be done with the Internet once this computer takes it's last breath. I think I've had all that I can stand from  the so called "information Highway."  If it wasn't for the KOTCT room, I would have chuck this computer in the dumpster a year ago.

Maybe I'll time then to learn technical analysis?  

I would sorely miss you to talk too since you are so erudite ( did'nt check the meaning of the word in my American heritage dictionary of the English languate ; so if it rude I was wrong lol and I mean you know songtexts lol )

Learning technical analysis takes all of a day reading Edwards and Magee ( the bible)

However using statistics may take a lot longer . I participated in giving 5 days refresher courses for people that had seen it all at univ

If it were not for KOTCT  i would not be posting my charts anymore

Looking for this 107 day Peak to reset my timing. Thanks PYW.
Found the ChartScript stuff very interesting - will be following how his progresses for a while checking value.
I think we all three.... are old Curmudgeon's who do not suffer fools easily.

I found that one of the three scripts I posted is allways  better then the other two and it rotates  allways another script being better . That stuff is just confirmation for me .

[Paint Your Wagon]

The greek have started selling their 10 year bonds and thanks to the nearly 5 billion austerity program it seems
to be succeeding

They increased tax on cigarettes,allcohol and VAT
They reduced salaries of functionaries

[longnine009]

The greek have started selling their 10 year bonds and thanks to the nearly 5 billion austerity program it seems
to be succeeding

They increased tax on cigarettes,allcohol and VAT
They reduced salaries of functionaries

Greece sounds like they are not far away from a revolution. Maybe a tax on alcohol will speed things up. 

[dharmaeye]

Gold on the edge of rolling over this AM.

[Paint Your Wagon]

The greek have started selling their 10 year bonds and thanks to the nearly 5 billion austerity program it seems
to be succeeding

They increased tax on cigarettes,allcohol and VAT
They reduced salaries of functionaries

Greece sounds like they are not far away from a revolution. Maybe a tax on alcohol will speed things up. 

If I remember correctly that would not be the first army colonels take over of the country . Except I think
that is not allowed by the Euro groundrules  

[Paint Your Wagon]

Gold on the edge of rolling over this AM.

It is just the dollar trying to convince people it is not dead

[Paint Your Wagon]

One of Germanies ministery suggested a solution to the Greek problem
Sell Corfu to the German ( tourists)

Greece has 600 islands most are still uninhabited
That would raise money
An island for each German billionaire

[Paint Your Wagon]

This mornings paper makes it sound as if Greece has the EU between a rock and a hard place. The PM said he will give France and Germany one more chance to assist his country and if refused, he will turn to the World Bank and take their money. That might reflect badly on the euro, I would think.

In fact most people would like all of them to go to the IMF because they are known for extracting blood in return for money
Greece, Spain, Italy, Ireland , Engeland ; there are too many to be helped by Germany and
France alone.

Our newspapers say that the greece population is in shock by the promisses made
Like VAT from 19% to 21% and tobacco tax plus 60% and alcohol tax plus 20% etc
It is going to be a sober revolution at those prices .
It is also reported the communist fraction is blocking officials from going to work ( as if
they work 
All in all I think Greece is good for a few months now with this 10 year loan they are placing
I wonder who is next ; England or Spain

[Paint Your Wagon]

This is Bloomberg
Our national press gives a slightly different explanation

  Resisting IMF Aid

Greek and EU officials have so far resisted IMF aid, with Luxembourg’s Jean-Claude Juncker, who heads the group of euro- area finance ministers, saying there’s no grounds for Greece to turn to the Washington-based lender.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOoBM4ynB7Ao&pos=4

[Paint Your Wagon]

When communists act like socialists
STRIKE untill everybody is broke is their motto I think

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5SyK6.wdqKM&pos=8

[longnine009]

The greek have started selling their 10 year bonds and thanks to the nearly 5 billion austerity program it seems
to be succeeding

They increased tax on cigarettes,allcohol and VAT
They reduced salaries of functionaries

Greece sounds like they are not far away from a revolution. Maybe a tax on alcohol will speed things up.  

If I remember correctly that would not be the first army colonels take over of the country . Except I think
that is not allowed by the Euro groundrules  

Ha, ha. The Japanese are the Spartans now not the Greeks. I hear they even re-use their bath water to save a few yen. Do these imbecile  politicians really believe Americans and Europeans are going to accept austerity when governments are bailing out these  puking dogs just as fast as they can puke up  hairballs? Bernanke is practically stumbling out in front of AIG holding the puke pan for them.

Oh and this is really priceless.  Bureaucrats still  demand their yearly pay raises for parking in the park.  They have municipal unions now demanding  to look over the books when they are told to forget their raises. In fact they're told if they don't like it there's the door. But no they want to look at the books. Pretty soon they'll be suggesting what can be cut from city budget so they can still get their raises---let the cannibalism begin.

They invented some kind a mutant  craptialist/ socialist zombie. It ain't gonna work.  They'll be feeding off each other before long. Whatcha gonna do then zombie mommy Pelosi?

But it might work to make metal prices higher.  

[Paint Your Wagon]

In Holland the government fell over the question to extend participation in Afganistan beyond the agreed limit of end 2010
Both parties lost yesterday in the temp ellections and the party for freedom won the votes they lost . I think freedom translates into no (nonworking) foreigners in the fair cities

The cristendemocrats and the socialists had to scramble to call this a victory losing all those
votes.

On Sinclair's site it is suggested the greek bonds went so well that somebody saved them for the next month or so . Some central bank and not necessarily the European Central Bank
Well they virtually begged the Chinese to help . So maybe the greek island will become
vacationing places for the Comittee members of China

[Paint Your Wagon]

Now we get today and tomorrow for a gold consolidation and then
the high centered anywhere around 8 or 19 march
But those dates have not enough separation to find out statistically which of the
two was the correct statistical forecast duh
Even if the high is exactly the 19 th that does not mean 8 was completely wrong

[whadda]

Even if the high is exactly the 19 th that does not mean 8 was completely wrong

You have to pick one or the other, you can't have it both ways plus either one you pick will make you wrong and the result put in your permanent record and you know thick that file is.

[whadda]

How can one Greek afford a revolution when being taxed at 21% (value added??)?  If a whole group decides to revolt, the state makes money when revolters buy necessary overthrow materials. By the way are Greeks even allowed to have guns? Here I occasionally cross the border to the south and just before you enter, a big sign put up by the Mexican Tourism Council says "Guns and Ammunition are Illegal in Mexico" (gunpowder in fireworks is only okay though) So defensive/offensive weapons of choice are switch blades. Still, chances are high you get mugged, kidnapped, shot or beheaded as the drug cartels run rampant and influence every part of society there as they jockey for money and power mowing down anyone perceived as a threat or that can be used as an example or gain.

The Federal Reserve is buying Greek bonds to add to their collection of debt as it's a reserve currency's responsibility to mop up and tie up lose ends. Derivative desks issuing swaps on the bonds so when Greece defaults the US taxpayer ends up paying the tab one way or another.   

[Paint Your Wagon]

Even if the high is exactly the 19 th that does not mean 8 was completely wrong

You have to pick one or the other, you can't have it both ways plus either one you pick will make you wrong and the result put in your permanent record and you know thick that file is.

I pick 19 march for gold
Even the slow stochs set at 52.3.3 is at 80% on the daily and I figure on sunday the weekly
7.3.3 will be at 80% too
So the slow stochs are no further guidance . The high is close
I switched to my back up RSI 11 and Momentum 39 d

Germanies high court has ruled yesterday that it is unconstitutional to force everybody to keep 6 months of phone records and internet records . They should know how dangerous records are to survival .

[Paint Your Wagon]

Nobody in Europe is allowed to have unregistered guns
Even shotguns have to be registered and you have to be member of a club
Pistols have to be registered and locked away at the club

This being said a woman journalist found a kalashnikov the real thing
by asking around in brussels for one afternoon . 500 euro
Entrapment by police is the main danger for citizens buying these things
Of course every selfrespecting bungling bankrobber has at least one
The last months nearly all bankrobberies were bungled .

[Paint Your Wagon]

There is a powerplay going on concerning greece

Trichet does not want them to go to the IMF

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQXE3b.GPMDU&pos=2

Merkel is seeing the greek minister today and says they do not plan to help him
moneywise ( taxpayers money would kill her next election)

So it is going to be one of those famous compromise solutions nobody understands
I guess