grumpy-old-man

GOM, any idea why all his posts have been deleted from his profile?

I see what you mean SOTT.

If you go to the users profile & click on 'posts' it shows nothing, same goes for 'topics'

I checked my profile & it lists my most recent posts under the 'posts' tab......

If you do a search for 'cgnao' as a user, then select 'all posts', it does return threads with his posts on.

Can an admin clarify please ?

time for the engines to thrust or is the starter motor faulty?

I'd say we have hit the bottom. (perhaps a few dollars more )

cgnao you must be laughing your head off atm & I understand why you're not posting. Although I think you may in a couple of weeks time.

not sure if anyone mentioned this, but I believe we experienced Backwardation yesterday in the Gold market.

edit: http://ftalphaville.ft.com/blog/2010/01/22...evisited-uh-oh/

(my bold/underlining)

"Gold backwardation fears revisited, uh oh!

Posted by Izabella Kaminska on Jan 22 11:30.

It’s been a while since the gold bugs had a tasty scare-story to feed on.

But those frustrations can now be dispelled.

The Business Insider blog brings to our attention that net gold-lease rates are back on the rise, and more importantly gold-forward rates are dropping fast.

And it’s true. The so-called GOFO rate set by the London Bullion Association dropped as low as 0.17167 on Wednesday — although it had perked up a bit by Thursday to 0.18500.

To compare, the rate held firmly above 0.3 for most of December, 2009.

Readers may recall GOFO rates went negative back in November 2008 for three whole days. At the time gold bugs said the move reflected a massive shortage in the supply of gold."

further down in that same report it say this:

"A decline in forward rates implies one of two things: There’s either a scarcity of metal available for swap or lease transactions, or there’s heavy forward selling."

The fact that silver held on to $17 pretty well says to me that there is more of this leg yet to come. Silver is usually the whipping boy for any perceived deflation/deleveraging and it stood up to those forces quite bravely. Looks like Pixel8r's on the money with $1300+ by March/April - concurs with Armstrong turn date for gold (April 16). The ugly correction will follow after that.

fook me Silver @ $1300, I do hope so, I can retire then.......

on a serious note, I have mentioned (as have others) about this 'Indian Floor' price in gold @$1045.

Although this is from Nov 2009, it appears to be holding up atm:

"(Zero Hedge – Tyler Durden) When two months ago we discussed the IMF’s selling of one eighth of its gold reserves of which as most know by know half was recently acquired by India, we came to the conclusion that the IMF’s proposed naive and subjective purpose for this disposition which was framed as “safeguarding against disruption in the gold market”

"Gold has broken out yet again and is up another 1% so far today as it begins to challenge the $1,100/oz mark (according to unofficial IMF estimates, the Reserve Bank of India bought gold at $1,045/oz."

has it ever been officially confirmed that the price was indeed $1045 ??

Bottom's in people! $1082.1 at about 3pm today!

RBCI © says so!

 

http://www.housepricecrash.co.uk/forum/ind...howtopic=135233

Big Market Shift Imminent As Gold Bulls See 30% Drop

Realistbear

yes some good banter going on....

Then I got banned

evening, nice to see you back.

From:

I think we should cool it a little on here.

 

 

You are very close to getting banned for this one, although you seem to call the post a name, and not the poster. Still, it's a fine line.

GF, you must be torn at the minute, between admin duties & 'paper shouters & gold doubters™'.

As a separate matter:

 

Regarding these comments

1/

"This forum went silly as POG fell and all the paper bugs started crowing over a small correction in gold."

2/

"you have absolutely nailed it on the head carbon junkie"

 

You both seem to have missed the crowing, and other extremely obnoxious behaviour from some Gold bulls here.

In hindsight, they deserved banning from their extreme aggressiveness in attacking those that disagreed

& who started the 'crowing' ?

clue - 'clawing the sky' thread.

So if GOM asks questions about investing and trading he is told to sh*t up (in as many words).

 

But if someone else questions his motives and insinuates that its not because he has a point but because he is a bad/fustrated husband that is ok?

apparently I am here to bait & I am a troll. I am also ignorant, paranoid & delusional.....according to RH who is an administrator.

and frankly quite an astonishingly ignorant request.

 

Anyone would think you were only here to bait and troll....

As for a moment of truth... more like a moment of paranoia.

Dude, you are starting to sound delusional.

This forum went silly as POG fell and all the paper bugs started crowing over a small correction in gold. The gloating was a bit too much IMO but instead of complaining we gave them a taste of their own medicine but they didn't like it when the tables were turned.

you have absolutely nailed it on the head carbon junkie.

Far too personal, completely unecessary, in fact bang out of order!

 

Why bring someones wife or partner into it?

 

Do you know he is a bad husband or neglects his wife?

it was a direct goad carbon junkie.

I would never post anything about someone's family like that because it's wouldn't sit right with me, & of course it's breaking forum rules.

no hard feelings though Wottwotril, I would never think about complaining about things like that.

No man and for me a first.

 

Have enjoyed a lot of your posts but these tedious banal attacks by a few posters on a few regular commentators here gets really old after a while. Yours on RH fell into this category.

 

You guys are on the other board more for a reason so why pop over here just to wind up other posters?

my points were made very well & proved a point imo.

We can be anyone we want on a virtual site, a point worth remembering when posters hang on peoples trading advice.

it is very easy to post your GM trades as outlined in my earlier posts via swampy.

also, I never did get a reply to the 'german apartments portfolio consortium' question now did I.......

the important bit for me is that those who know.....know, & that's what counts.

btw, you make a post telling me to spend more time with my wife. Aimed at doing what exactly ? what was your motive for posting that ?

I am no-ones fool my virtual internet key tapper.

Just look at who is getting rattled by all of this. If people don't like my banter, then ignore it. Yet you & a fair few others feel the need to make a comment aimed at trying to goad me.

This speaks volumes to me. I bet 'a pound to a penny' that there is a direct correlation between the posters who made a baited comment & their paper financial holdings & lack of physical metals holdings. Obvioulsy there also was a 24k related dig which I was expecting from one poster.

GOM, I think you need to pay more attention to Mrs GOM rather than let your frustrations play out here...

baiting attempt number 12.

thanks.

Just because you put a smiley at the end of each post, doesn't mean it will be taken as a friendly comment. RH or anyone else's trades are none of your business.

 

It wasn't long ago that you were upset by distasteful pictures posted at GEI, your recent posting style is seen in the same vein by me.

thanks.

I locked the last thread to encourage people to use this thread instead (or we end up with parallel threads going on which makes life difficult to follow things).

 

Nothing suspicious about it and I wouldn't have bothered except posts were made to the last thread after I asked everyone to use the new one.

ok sylvester, thanks for that.

I edited it straight after I saw your subsequent post .. where you comically thought I had lost a whole one dollar on the trade.

 

As for why it is locked, I don't know... maybe another moderator thought it would be best for posts on gold to be posted on the new thread.

 

Dude, you are starting to sound delusional.

no worries on the edit thingy then, let's move on...

some words from swampy for you RH:

'Obviously nobody wants or needs to know RH's net worth - we don't need to know if he is playing with a few WON converted into toilet paper DOLLARS or YEN or POUNDS, or a few MILLION name your pieces of TP (like Bubb) - what RH owes the forum is an explanation for all his miraculous trades - after all, RH has just declared that he has only ever made one trade in his life that has turned sour (GOM's words: since edited & appears that RH meant only one silver trade had lost him money) - so all RH has to do is document all his currency and metals trades since he opened his GoldMoney account - after all, everything is on record there so it is not quite telling the truth when RH says he can't remember exactly what his trades were, average buy in price etc etc etc, currency swaps etc etc etc - it obviously is all in the GM history file. One last thing - RH has declared for a very long time now that he has kept 30pc of his net worth in toilet paper currencies (please see the chart in the link below), whilst most is in silver bought at circa $12 an oz - this means that RH has missed out on the one third profit upleg that silver has made in recent times - so, RH has made the second worst trade of his life, that is, not being part of the silver bull run-up from $12 to $18 - this means that RH, by staying in toilet paper, has failed to maximise his earning potential in metals - he has lost a huge opportunity cost profit play, lost out very badly indeed. Of course RH can post all his trades here direct from the GM archives so that we can all see exactly how his trading strategy works - it is all in his GM personal archives, every buy and sell of metals and currencies, with dates and commissions charged by GM, so why should RH suddenly be so shy about his gains, when he has been boasting day in day out for so long here about what a wonderfully astute trader he is?

Vedanta Trader - as you very well know there is a huge difference between boasting about net worth (which Bubb does all the time) and

boasting about wonderful infallible trading strategies - this is RH's opportunity to tell us all EXACTLY how he has done it. He doesn't need to name precise amounts, all he needs to do is spell out the percentages, the currency values, and the metals buy and sell values etc etc. Very simple indeed.

The problem RH has though is that none of his claims will stack up in reality, as double-agent, IRS, myself, and many others have noticed. the ball is in RH's court now.'

a nice chart for you RH

I edited it straight after I saw your subsequent post .. where you comically thought I had lost a whole one dollar on the trade.

 

As for why it is locked, I don't know... maybe another moderator thought it would be best for posts on gold to be posted on the new thread.

 

Dude, you are starting to sound delusional.

ah, you forget I am an IT bod. I also had access to hpc software (same softwrae as this site as it happens) & I know all the functionality that IS possible.

The $1 or $2 dollar loss referred to the price of silver... the difference between exit and re-entry. Wasn't that obvious?

I see you have now edited the yesterdays reply with a bolded bit stating "the silver price"

I can't remember seeing that bit yesterday & as the topic was locked so no-one could reply. I assumed you changed that bit late last night or early today?

edit - I am not sure if people are aware of this, but this board software allows admins to change posts without altering the timestamp. You can even edit posts without showing an 'edited' statement so it appears as if posts have never been edited. I appreciate that there is a time limit for normal posts where this option is available, but there is a time limit. iirc the normal edit without showing an 'edited' statement is 30 mins ?

can any admin person clarify the above words please?

The $1 or $2 dollar loss referred to the price of silver... the difference between exit and re-entry. Wasn't that obvious?

 

I will not post the record of the transaction as that would effectively give away my net worth [calculable percentage wise from information posted here]. It astounds me that you ask.

 

I do not consider myself a short term professional trader [i work for a living]... more a long term trader/ hedger/ investor.

 

As for a moment of truth... more like a moment of paranoia.

you can easily do that just by talking about percentage values, rather than actual net worth RH.

pick a factor at random, either a multiplier or divider for your total net worth, and simply paste in all the trades using this

*hidden* factor

it's very easy to cut'n'paste all your trades then use this *hidden* factor replacing your actual net trade worth. This would take someone like yourself (who seems tyo like pasting lot's of trading data & charts etc), under an hour surely ?

Seems of poor class and taste to be asking people to post details of their financial worth on an internet forum. Enjoy what money you have, rather than worrying how much someone else has. It will not make any difference to your life how much money some has or does not have.

it's not the worth that bothers me, it's the truth.

RH has only ever made one bad trade...apparently, even then he only lost $1-$2

The best of propfessional traders would be happy with that record.

To ask me to post a record of my own personal and private bank account is highly unusual, and frankly quite an astonishingly ignorant request.

 

You have a record of all my posts, in real time, discussing percentages, positions and strategies here.

 

Anyone would think you were only here to bait and troll.... after earlier deciding you didn't want to post here anymore.

you can post your GM trades very easy without showing ANY personal info, it will detail ONLY the trades & dates/times.

seeing as how the previous topic discussing this has been locked so I can't post anything further...............

I have always openly posted my thoughts and transactions on this site.

so RH, could you post your GM profit/losses since you opened your account with GM - it will all be on record ??

I asked this for swampy yesterday but didn't get a reply back from you?

What are you insinuating?

I was always a very hard person to 'lead' anywhere.

Bob's here if you need some help: