grumpy-old-man

iirc, about a month or so ago he said to basically get out of everything (I kid you not). He phrased it something like "I am a very experienced trader, but even I don't know what to trade for a while, so I am out for now". I think there were a couple of pharms etc he said to trade & poss some miners, but not actual company names because you only get access to them (or better cryptic clues anyway) once you are fully paid up. He did once give 'George Glass' a complimentary sub after an Enron comp was won, but Glass fooked up iirc because he shared too much with the public boards so 'R' cut him off. I remember reading Glass's posts. 'R' is a big physical metals trader also I believe, silver & gold. I only ever sent him 1 email, he did reply though within a couple of days but not on a trading matter. this guy IS the real deal, cgnao level imo. I have been following his site daily for 2 years now (& ALL the sites that discuss him)......& I mean every day I read his site(& the others), & every now & again he posts his links to some very indepth analysis & cryptic musings on history past & history not yet written. I intend to start trading but not yet because the time is not right for me, nor is my level of understanding. Also this current super bear market (or what it will be shortly) will be no place to trade apart from the very, very experienced & connected imo. timing is everything.

a lot of traders are going to lose a lot of money imo. I believe Reinhardt's predictions because of the things I explained previously, incorporating all sorts of info/data/rumours/clues. He posted this after the 4th but the susbscribers to his site will have be forewarned imo. Sorry, don't know where else to post this.

when everyone is making lots of money then everyone is happy when certain people/countries stop making money or make bad investment decisions, friends quickly become enemies. edited

that depends on what you think their agenda is, we think entirely differently on this iirc.

we get to find out this year then don't we. don't forget we only need one 'event' or 'shock' & oil will spike edited - I agree with what you said though in your statement, but it's the 'event' that will dictate the price of oil, not the things you mention above.

oil will be $150 - $200 p/b by middle/end 2010 imo this is the short deflationary part of the current biflationary period

& if a stranger came to you in a high street & stopped you & said you can buy this £50 for £5, would you ? & that's even when knowing/recognising the currency of course you wouldn't & neither would I.

I notice CID are still out of 1oz Britannias. h'mmm

we get to find out soon if that Indian floor will hold:

I wish it was that simple tbh. power & greed control humans not food. edit - let's move this to another thread of your choice (or start one) because it's off topic. My last words to you & msparks.

they have 2 options wrt the bolded bit A&L. option 1 is buy & hold the thing they say they don't have (so watch what they do rather than what they say springs to mind) option 2 initiate new legislative laws making the owning of a commodity illegal or impose a huge tax levy against it, thus kill that particular market dead in it's tracks. Just look at this article from Bernanke in 2002: "Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market." remember they plan years in advance. I see the FED announcing a new huge QE package & buying a massive amount of gold (or perhaps they already have been buying) or option 2 which let's hope they don't go down that route. I don't think they will go the confiscation route becuase they don't have public oipinion now, however they do have the necessary police state controls in place. I must admit though the Rothschilds exiting the gold market in 2004 iirc was a planned move imo, so perhaps it will be the confiscation route.......h'mmmm Did you know that the Rothschilds have been in the gold market since 1810... food for thought ??

well we will have to agree to differ then. edit - also, 'market rigging' were not my words, but Reinhardt's, I was quoting him but I do agree with him. I am of the belief that one multi-country organisation does exist & is so big & powerful that it creates & runs the agenda for the whole westernised market. Once you understand & can interpret the top level agenda the rest just starts falling into place. This is done by watching MSM, world government (especially the US though ) politcal statements & policy creation, financial institutions holdings, governing world bodies, IMF, WHO et al & the many websites that capture all this data. edit - let's leave this one here though as I don't want to take the gold thread off track .(bearing in mind yesterdays postings). These will have to be my last words on this matter msparks but perhaps we can discuss on another thread sometime.

the important word you used there was 'delayed' but you didn't highlight the rest of that line in commodities. I think this super spike in certain commodities will definetly happen. We are already seeing a spike (note not 'super') in a lot of commodities generally across the board aren't we ? but yes, you are right as in 'we shall see'.....

so when will the FED announce more QE & start buying physical gold then ? or would it be just a lot easier to mimic history & just confiscate it through new laws ? (don't quote me on the date pedants, it's not that important in the context of the post) h'mmm...... what was that event list that cgnao put forward as to what would transpire (notice the underlining ) cgnao from June 2008 "ZCZC CGNAOGLD2 ALL TTAA00 KNHC DDHHMM BULLETIN MAJOR DERIVATIVE MELTDOWN ALERT NWS TPC/CGNAO SUN JUN 08 21:26:46 UTC 2008 ...BOND INSURERS DOWNGRADES TRIGGERING A FRESH COLOSSAL WAVE OF DERIVATIVE LOSSES ...UNPRECEDENTED CREDIT MARKET PROBLEMS AT LEAST ONE ORDER OF MAGNITUDE LARGER THAN AT THE HEIGHT OF THE GREAT DEPRESSION ...MONETARY SYSTEM ONE STEP AWAY FROM TOTAL COLLAPSE DERIVATIVE LOSSES SURGE, DESPITE MASSIVE INJECTIONS OF EMERGENCY FUNDS WORTH HUNDREDS OF BILLIONS OF DOLLARS, A GIANT $150BN US ECONOMIC STIMULUS PACKAGE AND WHOLESALE REWRITING OF RULES TO ALLOW COMMERCIAL BANKS TO PLEDGE RISKY ASSETS TO SECURE HIGH QUALITY CENTRAL BANK FUNDS. SO FAR CENTRAL BANKS HAVE ONLY BEEN PREPARED TO LEND GOVERNMENT SECURITIES AGAINST PLUMMETING MORTGAGE ASSETS, BUT THE SITUATION IS EXPECTED TO GROW EXPLOSIVE IN THE COMING WEEKS. AS MAJOR BANKS, INSURERS AND OTHER FINANCIAL INSTITUTIONS AROUND THE WORLD ARE HIT BY SPIRALLING DERIVATIVE LOSSES AND COLLAPSING COLLATERAL VALUATIONS, CENTRAL BANKS WILL RUN OUT OF HIGH QUALITY GOVERNMENT SECURITIES. AT THAT POINT THE NEXT DESPERATE MOVES OF WESTERN GOVERNMENTS AND CENTRAL BANKS ARE EXPECTED TO BE 1) A COLOSSAL BAILOUT SCHEME FOR LARGE SCALE OUTRIGHT PURCHASES OF MORTGAGE SECURITIES, FUNDED BY STRAIGHTFORWARD CREATION OF CURRENCY WHICH WILL IGNITE A DEADLY HYPERINFLATIONARY PRICE SPIRAL IN VIRTUALLY EVERY COMMODITY ON THE PLANET AND SKYROCKETING LONG TERM BOND YIELDS WHICH WILL FURTHER COMPOUND DERIVATIVE LOSSES WORLDWIDE. 2) DRACONIAN CAPITAL AND EXCHANGE CONTROLS 3) CONFISCATION OF PRECIOUS METALS PREPARATIONS TO PROTECT FINANCIAL HOLDINGS OF ANY KIND, BUT IN PARTICULAR GOLD AND SILVER BULLION, BY MOVING THEM AWAY FROM THE USA, UK AND THE EURO AREA SHOULD BE RUSHED TO COMPLETION AS SOON AS POSSIBLE. "

I don't understand why you are trying to explain the term 'Insider Trading' to me, & comparing it to the term 'market rigging' ?? bizarre... :blink: I think some big ego's got flattened yesterday by semi-detached working class GOM. edit - keeping on topic, I see Jim Willie posted this on the 3rd, the day before the crash started. Not sure if anyone has posted it already, but he discusses the disconnect between the paper & physical markets. We also were discussing this in the silver thread yesterday. "A great disconnect exists in the gold market between the exchange futures contract price (the paper price) and the gold bullion paid price for transactions (the physical price). The differential in price is growing wider, enough to place tremendous pressure on the gold market itself. Look not to the gold premium paid for purchases, but to high volume purchases in the tens of million$. In mid-December, almost every demand for gold contract delivery was matched by a cash delivery, complete with 25% bonus premium offered. The officials even produced a new ledger item called 'Cash For Delivery' that was necessary to balance their badgered books. It prompted little attention. Some call it a basic bribe. Others call it a technical default. Fast approaching is the event of GAME OVER for London, a condition that has already reached critical level, according to a key reliable source of information with London connections and direct experience with its market events. How long can a major metals exchange sell contracts but have miniscule supply of gold in their vaulted possession? The paper gold market and the physical gold bullion market have finally separated in a practical manner, meaning actual gold has almost no role anymore in London paper contract settlement. The absence of gold in London requires extraordinary tactics to settle contracts and to obtain gold bullion. Red tape procedures delay delivery for individuals, and bribes accompany gold delivery demands as standard practice. The London Bullion Market Assn has almost zero gold, its supply having been drained in high volumes since early December, a process currently in acceleration. The opportunity to convert fiat money into precious metal at prices considered reasonable is also vanishing. The London gold banker said"

dollar index sitting at 80.......will it hold tomorrow & go up ?? people just don't know where to put that fiat. gold & silver would be good for them right now but they probably don't realise it. I wonder what happens when China wakes up......surely they will step in properly very soon..... what a weekend this will be, I wouldn't like to be holding ANY paper ANYTHING personally. :o we all had enough warnings from cgnao

ok fair points.

I have no problem GF with that name tbh & would prefer you not to suspend him. All is fair in love & war.

thanks but I have said all I need to say on this matter.

you have my word GF that I won't make another off topic post on this matter.

oh, forgot to ask you, what did you think of my prediction ?

I have never complained to any mod....ever. I sent you a link to my post in case you missed it. Nothing else was in that post, please feel free to repost it, you have my permission. How's your trades going btw ?

some say their is a elitist fight being fought right now between the christians & jews financiers for the 'end game' that is being planned/played out......Legatus is the christian side of things btw.

Nobel Peace for O'Bombya Man of the Year for Bernanke (or whatever the award was ) Legatus award for Bush. you see what us contrarian conspiracy posters mean now (not you rigger) what will little timmy get though?