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CharlieSays

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Posts posted by CharlieSays

  1. Not sure if this has been posted or not

     

    Run to gold latest podcast is a short audio story called the GoldBug by Edgar Allen Poe. Its a little over an hour long and quite a fun little story if a little dated and contains absolutely no investment advice, news or opinions. ;)

     

    http://podcast.runtogold.com/

     

    Sometimes whenever gold is mentioned around polite company the term ‘gold bug’ gets thrown out. This term was penned by Edgar Allen Poe in his short story ‘The Gold Bug’. Published in the early 1840’s and according to Poe it ‘made great noise’ and was his most widely circulated and read story.

     

    In ‘The Gold Bug’ William Legrand appears to go insane after being bitten by a bug he thinks is pure gold. He confides in his closest friend, the narrator. Legrand asks the narrator to immediately visit him at his home on Sullivan’s Island in South Carolina. When the narrator arrives Legrand begins searching for lost treasure. The narrator doubts Legrand and thinks he may be insane. Do Legrand and the narrator find the mythical treasure?

  2. http://newsvote.bbc.co.uk/2/hi/business/8377966.stm

    World Bank approves $1.5bn Mexico loan

    The Palace of Fine Arts in Mexico City

    Mexico has made progress in structural reform, says the World Bank

     

    The World Bank has approved a $1.5bn (£900m) loan to support Mexico's economic stimulus packages which aim to help it recover from the downturn.

     

    The loan will help to boost government efforts to stimulate the job market and support financial regulatory reform, the bank said.

     

    It added that Mexico had already made progress in implementing reforms.

     

    In September, the bank agreed to loan India $4.3bn to boost credit to companies and improve infrastructure.

     

    So if i read this correctly the IMF gives loans India $4.3 for building roads, which they then turn around and buy even more gold back off the IMF...

     

    Good deal, wonder if they can do it again. :lol:

  3. I felt a bit sorry for my local postie when my Sarnia deliveries arrived. She looked rather miffed at all the seperate packages :lol:, seemed like she was shoveling them through the letterbox for ages. Out of sympathy I think I'll limit my orders to 20 items or less in the future.

     

    Did you think about opening the door?

     

    :P

  4. whats so special about the 20th of april?

     

    Its my birthday. Pretty special to me.

    Im going to have a birthday cake, jelly and everything.

     

    - But dont think thats what Martin Armstrong has calculated.

     

    (365 * .3) = 109.5

    Subtract days in month for Jan, Feb and Mar = 19.5

    So 19th April at noon GMT,

     

    Not sure how he calculates his cycles but lets say hes going for a 1dp accuracy, so can we add a range around 18 days either side of that, and hes still on the money, so any significant event from tomorrow for the next 5 weeks will reinforce this notion.

     

     

     

     

     

  5. 991.60 :P

     

    Times like this ive been relying on the widget from Kitco, (kcast) that sits in your system tray, bottom right hand corner and updates with the latest price,

    Although its pretty distracting to have on the whole time, especially last autumn. :angry:

     

    Popcorn ready, sitting back enjoying lunch.

    Anyone care to imagine how much this will be costing those who have gone short gold.

     

    992.70 :P

  6. Not sure if this link/article has been posted, but its a good essay IMHO.

     

     

     

     

    http://www.marketoracle.co.uk/Article8080.html

     

    "Recent house price data as released by the Halifax showed that UK house prices have plunged by more than 20% from the peak of August 2007, which has fulfilled much of the original forecast made in August 2007 for a minimum fall of 15% for the UK housing market and 25% for London, therefore this analysis seeks to project the forecast trend for UK house prices for the next 3 years into 2012."

  7. Nervy investors spur rush at Swiss gold refiners

     

    http://www.washingtonpost.com/wp-dyn/conte...1602518_pf.html

     

    This refinery near Lake Lugano in the Alps is running day and night as people worried about recession rush to switch their assets into something that may hold its value.

     

    "I have been in the gold business for 30 years and I have never experienced anything like this," said Bernhard Schnellmann, director for precious metal services at the refiner Argor-Heraeus, one of the world's three largest.

     

    "Production has dramatically increased since the middle of the year. We cannot cope with demand," said Schnellman, wearing a gold watch on his wrist.

     

    Spot gold hit a record $1,030.80 an ounce on March 17. It fell below $700 in late October, partly because investors sold their holdings to cover losses in equity and bond markets hit by the credit crisis, and is now around $830 an ounce.

     

    The trigger for the price to rise again could come from a much weaker dollar, making gold cheaper for holders of other currencies, and a renewed aversion to paper assets as governments and central banks pump large amounts of cash into the economy, stoking inflation.

     

    In Switzerland, home to the world's largest private banking industry, demand for gold bars and coins shot up six-fold to 21 tonnes in the third quarter of 2008, more than in any other European country.
  8. Great article from Financial Sense Editorials, Not sure if its been posted already.

     

    http://financialsense.com/editorials/fekete/2008/1205.html

     

    December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the press: gold went to backwardation for the first time ever in history. The facts are as follows: on December 2nd, at the Comex in New York, December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3rd, when the corresponding figures were 2% and 0.29%. This means that the gold basis has turned negative, and the condition of backwardation persisted for at least 48 hours. I am writing this in the wee hours of December 4th, when trading of gold futures has not yet started in New York.

     

    The article goes on, great read. This was one of my favorite quotes.

     

    gold is not for sale at any price quoted in Zimbabwe currency, however high the quote is.

     

    By a Antal E. Fekete

     

    Which ahs got to be a made up name if there ever was....

     

    Lots of similar if toned down language to the honerable Cgnao,

     

    On another note seems strange week, couple of posters not around, so hope all is well out there. Now where is that 100 post page.

     

     

  9. If you havnt caught the Financial Sense Hour this week.

    Ted Butler, bit silver bull, Talks all about production costs both secondary by-product silver production that is clearly tanking, which accounted for around 40% of the production last year, and that the primary production mines, which arnt able to produce at 9$.

     

    Second interview also very interesting and worth a listen, again about the PM market and price manipulation.

     

    3rd Hour with Eric King and Special Guests

    Select an Audio Format for Part 2

     

    Ted Butler, Butler Research

    Big Picture with Eric King and

    Dr. Alan Lemerand

    http://www.netcastdaily.com/broadcast/fsn2008-1025-3b.mp3

     

     

     

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