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BHP Tinto

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About BHP Tinto

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    Australia
  1. Bogans or Westies or Bevens are usually white Kiwis or Aussies. Once were warriors movie is about the Maoris...set in South Auckland. Maoris are not usually associated with bogans, they are more into copying the US hip hop scene, but yes, can be violent, especially to their own children, there have been quite a few deaths of young maori children at the hands of their parents. We don't have the gun culture down here like the US, thank god. But yes, if you stick to the Northern or Eastern suburbs you won't run into any problems. Pop down for a holiday and check it out.
  2. I lived in Auckland for 10 years. Albany is nice, but it's at the top of the Northern motorway.....getting towards the outskirts of the city, getting to the CBD on the motorway at rush hour is not the best. But you will get value for money. There no trains on the North Shore...so the motorway over the harbour bridge is the only way to town. you will be a long way from the airport which is to the south. With Auckand stay away from the Western and Southern Suburbs. Western suburbs are full of 'Westies'....they wear black t-shirts and listen to heavey metal and drive V8 utes.....in Australia they are known as bogans. The south has a high Maori and Pacific Island population....read, high crime rate, gangs etc North and East are best. If you are looking East check out Mission Bay and St Heliers...awesome, that would be my pick if I went back....but expensive, harbour views will come at a premium. Hope this helps. You will not get a more scenic City than Auckland, with it's volcanos and harbour, the views are stunning, it does rain a lot, it's a very narrow part of the country, so it gets a lot of weather off the Tasman Sea. Winters can be cold and wet. Summers are nice..about 25 degrees C with is very pleasent.
  3. I lived in Auckland for 10 years. Albany is nice, but it's at the top of the Northern motorway.....getting towards the outskirts of the city, getting to the CBD on the motorway at rush hour is not the best. But you will get value for money. There no trains on the North Shore...so the motorway over the harbour bridge is the only way to town. you will be a long way from the airport which is to the south. With Auckand stay away from the Western and Southern Suburbs. Western suburbs are full of 'Westies'....they wear black t-shirts and listen to heavey metal and drive V8 utes.....in Australia they are known as bogans. The south has a high Maori and Pacific Island population....read, high crime rate, gangs etc North and East are best. If you are looking East check out Mission Bay and St Heliers...awesome, that would be my pick if I went back....but expensive, harbour views will come at a premium. Hope this helps. You will not get a more scenic City than Auckland, with it's volcanos and harbour, the views are stunning, it does rain a lot, it's a very narrow part of the country, so it gets a lot of weather off the Tasman Sea. Winters can be cold and wet. Summers are nice..about 25 degrees C with is very pleasent.
  4. BHP Tinto

    GOLD

    Still holding the line......
  5. BHP Tinto

    GOLD

    Could someone please tell me how you arrive at where the red resistance line is drawn?
  6. BHP Tinto

    GOLD

    A Gold topic and a Silver topic should be pinned at all times.....easy to find to get the latest info. We are in a major bull market in commodities, and gold and silver are leading the way.......these topics are important.
  7. My Dear Friends, Tomes have been written this week about quantitative easing, many written by those who didn’t know what QE meant twelve months ago. Tomes are silly as very few actually read them. Those that do read are comatose by the end. We do not do tomes here. We present conclusions. QE to infinity means the economic can gets kicked down the road again at the cost of the dollar’s value and therefore sparks the event of accelerated currency induced cost push inflation. No QE means a violent collapse of general business within 90 days. That takes the camouflage off of the following: 1. False balance sheets of financial entities, thanks to the sale of the FASB’s soul to political pressure, are exposed. 2. Further collapse of tax revenue to states brings about a financial crisis much larger than anyone presently anticipates. 3. The malaise in the US destroys what little is left of general confidence in the austere Euro region. 4. The rape of pension funds is exposed. Gold will go to a figure equal to all foreign debt of the USA divided by the number of ounces that the US is assumed to have. This is how you can calculate the potential price. ($15,316) If moderate levels of QE are utilized, that means the can gets kicked down the road once again at the cost of the dollar and therefore the event of accelerated currency induced cost push inflation. It might in this case take a few days before the markets figure it out. If moderate QE is announced that means QE to infinity but only revealed a little at a time or not revealed at all. To do QE to infinity without revealing it violates the tool of communication recently discuss by the Fed which means MOPE. It will be revealed.
  8. Dear Extended Family, The solution is the problem. To quote Bill Carleton’s album, Squeeze the People, "Main Street is in the hands of a Roulette Wheel." He is so correct. The name of the "Roulette Wheel" is Credit Default Swaps. It does not matter what the G-7 or the G-20 does. It does not matter what the IMF, ECB and Fed under a beard do. Mrs. Merkel’s foolish political strategy fits right into the equation. CDS are going to take down every major currency, making trillions for the players. It will in time turn on the USA as it is already operating against the financially weaker Illinois and New York debt. The dollar, as it gains ground due to the mirror image of the euro, becomes weaker and weaker due to overvaluation with no fundamental legs. The dollar’s time will come. The OTC derivative credit default swap is about to clean the clock of the world. Der Spiegel is right but the debt is there. It will not go away but only grow bigger. The situation is in the cross hairs of the richest people on the planet hell bent on getting richer. That is the message of the Dow dropping 1000 points regardless of how it happened. Nothing the G-7 or G-20 does will stop the predetermined avalanche in the world of fiat currency. Armstrong is right in that when it comes time for the great coming apart it will be akin to the Big Bang. You are either ready now, or there will be no chance of readiness. Right now ready means gold and gold equivalents. The last currencies to be attacked will be the Cando and the Swiss Franc. It is all over. The fat lady has sung. Respectfully, Jim The Mother of All Bubbles Huge National Debts Could Push Euro Zone into Bankruptcy Greece is only the beginning. The world’s leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it. By SPIEGEL staff. Savvas Robolis is one of Greece’s most distinguished economics professors. He advises cabinet ministers and union bosses. He is also a successful author and a frequent guest on the country’s highest-rated talk shows. But for several days now, it has been clear to Robolis, 64, the elder statesman of Greece’s left-wing academia, that he no longer has any influence. His opposite number, Poul Thomsen, the Danish chief negotiator for the International Monetary Fund (IMF), is currently something of a chief debt inspector in the virtually bankrupt Mediterranean country. He recently took three-quarters of an hour to meet with Robolis and Giannis Panagopoulos, the president of the powerful trade union confederation GSEE. At 9 a.m. on Tuesday of last week, the men met behind closed doors in a conference room in the basement of the Grande Bretagne, a luxury hotel in Athens. The mood, says Robolis, was "icy." Robolis told the IMF negotiator that radical wage cuts would be toxic for Greece’s already comatose economy. He said that the Greeks, given their weak competitive position, primarily needed innovation and investment, and that a one-sided fixation on cleaning up the national budget would destroy the last vestiges of economic strength in Greece. The IMF, according to Robolis, could not make the same mistake as it did in Argentina in the early 1990s. "Don’t put Greece on ice!" the professor warned. But the tall Dane was not very impressed. He has negotiated aid packages with Iceland, Ukraine and Romania in the past, and when he and his 20-member delegation landed in Athens on April 18, they had come to impose a rigorous austerity program on the Greeks, not to devise long-term growth programs. Thomsen’s mandate is to save the euro zone. And any Greek resistance is futile. Time to Foot the Bill Robolis versus Thomsen. For the moment, this is the last skirmish between the old ideas and ideals of prosperity paid for on credit and a generous state, against the new realization that the time has come to foot the bill. The only question is: Who’s paying? The euro zone is pinning its hopes on Thomsen and his team. His goal is to achieve what Europe’s politicians are not confident they can do on their own, namely to bring discipline to a country that, through manipulation and financial inefficiency, has plunged the European single currency into its worst-ever crisis. If the emergency surgery isn’t successful, there will be much more at stake than the fate of the euro. Indeed, Europe could begin to erode politically as a result. The historic project of a united continent, promoted by an entire generation of politicians, could suffer irreparable damage, and European integration would suffer a serious setback — perhaps even permanently. And the global financial world would be faced with a new Lehman Brothers, the American investment bank that collapsed in September 2008, taking the global economy to the brink of the abyss. It was only through massive government bailout packages that a collapse of the entire financial system was averted at the time.
  9. http://www.kingworldnews.com/kingworldnews...m_Sinclair.html Here is Eric King with his latest interview with JS.....I know DrBubb will be hanging on every word! ha ha
  10. Yep, certainly a trampoline at the moment.....but as Richard Russell says.....a bull market will try and take as few people along for the ride as possible. Now Roubini has come out and said gold is in a bubble....not likely, and another zero to the gold price and I'll start thinking about a bubble.
  11. I've only become aware of JS in the last 6 months....... But for a person like me who is a buy and hold until the cycle has reached it's final mania stage I quite like his style. Sure, what it does in between can be gut wrenching...and I'm sure you will get periods of falling gold and a rising USD as we climb the stage 2 wall of worry. But to a long term investor it shouldn't really bother you. The fact that JS sold out in 1980 at the very top of that gold bull market using some formula his dad and Jessie Livermore came up with and made $15M ($40M in 2009 dollars) must deserve some respect......not many other people can say they nailed it like that. If this same formula points to a final peak for gold at $12,000 or so...then what does it matter if it goes from $1,225 back to $1,100, or $1,000....big deal. 10 years from now it will all seem cheap. I'll certainly keep my eye on the 3 Jims Jim Rogers Jim Willie Jim Sinclair
  12. BHP Tinto

    GOLD

    The Top Callers Are Back In Force Posted: Dec 03 2009 By: Jim Sinclair Post Edited: December 3, 2009 at 11:24 pm Filed under: General Editorial Dear CIGAs, To all those emailing me about whacked out internet writers with no authority other than a used laptop to spit out their various theories on why gold has topped, please stop. This has happened time and time again over the last few years, and they have consistently been proven wrong. One stands on the premise that the IMF would never sell a low in gold. That is the lamest thing I ever heard. Of course they would, and they did in the 70s. Gold is going to and through $1224, $1278 and on to $1650. Following that it is off to Alf and Armstrong’s projections. Everything in between is senseless trader noise. Yes, the gold price is going to get increasingly violent, but that is what is required of a market to accomplish what gold is going to accomplish. So stop sending me this nonsense, and asking me what I think about it. My thoughts on the subject are crystal clear in this posting After all my efforts there are still so many who don’t get it.
  13. BHP Tinto

    GOLD

    I can't for the life of me understand why you want to offload gold ???!!!!! It's the one asset that's made new highs every year since 2000. China and India and buying with both hands. John Paulson and other smart hedge funds are buying with both hands. Martin Armstrong sees it going over $5,000, Jim Sinclair's model suggest over $12,000 Yet you want to sell? Either you are painfully unaware of the awful fundamentals of the US economy and the USD...or you know something I don't.
  14. But good on you Charlie....well done on your journey to write a book on this topic, I hope it's something that will eventually be published and something to be proud of.
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