whoops_apocalypse

Not sure whether Doraemon is bitter, but he reminds me of RK, CTT, or RB.

 

Remember RB's calls on gold?

Kharma Chameleon?

Um, it seems we have some rather bitter posters joining us this evening, reminds me of hpc.co.uk for some strange reason...

EDIT: Oh, and I nearly forgot to add, shoe shine boy told me to short gold down to $600 this morning...

Yeah, the Yen Carry Trade also made me wonder today. Fun stuff.

 

This will be the first depression where the Dow actually goes up. A hyper-depression.

Need we remind everyone that Zimbabwe has the best performing SM in the world?

Funny how stocks always shoot up when the mainstream media are at their most bearish. People should consider that more the next time the press tell 'em that there's never been a better time to buy...

Property porn anyone?

DOW up over 400... Recession? What recession!

What a difference a day makes...

Some pretty daft action going on right now. Euro falling against the dollar after a 75bps cut $983 gold $19.65 silver. Yeah, I know it's only temporary but I still can't stand the numbers

Welcome to socialism for the rich...

Looks like they're attempting to break a few technical support levels in the vain hope of causing a bigger stampede.

Go on Cartel, give the tree a good shake to make the weak hands bail out and re-enter at even higher levels...

Phantastic stuff they come up with at bullshit castle (=Fed). Commodities leveling out. Yeah. Right.

If this is what they call levelling out I'd rather climb a wall of worry (deflation scares).

I was surprised that Ben and Hank weren't nominated for Best Actor at The Oscars. Their double act as Tweedle Dee and Tweedle Dum make Daniel Day-Lewis seem like a complete amateur...

Text of Fed Statement on Rate Cut

 

Inflation has been elevated, and some indicators of inflation expectations have risen. The Committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization. Still, uncertainty about the inflation outlook has increased. It will be necessary to continue to monitor inflation developments carefully.

 

CONTINUE >>>

Why waste your time Mr Bernanke?

(from advfn's gold thread):

 

yikyak - 17 Mar'08 - 12:33 - 36441

I'm hearing rumours that Hong Kong could be un-pegging it's currency from the US$, anyone know anything?

 

If true this is HUUUUUUUUUUUGE news.

Do hope so and it's about time too IMO...

Anyone here know why he came out of silver before this bull run in commodities?

 

SafeBetter

Some say that he was leant on in no uncertain terms by the powers that be for attempting to emulate the Hunt brothers - just rumours probably...

US$JPY dropped to 99.27

 

Gold has dropped to 99.200 Yen !!!

 

So for the past day, Yen is going up faster than gold.

Yep, the YCT unwind seems to be gathering pace of late...

Now they've decided to delete the whole post!

Bunch of clowns. Wouldn't surprise me if they are monitoring this thread hourly.

 

I leave them to their path:

 

 

Have you heard of this place DrBubb?

(Not in reference to DrBubb, of course.)

Believe it or not, I've stood in front of that sign on many occasions throughout my life...

It's in the centre of a place called Sai Kung in the New Territories, HK...

OK, time to play guess the closing price of gold this evening...

Here's my entry fwiw...

$999.999999999999999

Fed Pledges to Supply Cash

 

Fed Endorses Rescue Effort for Bear Stearns and Pledges to Supply Cash to Financial System

 

WASHINGTON (AP) -- The Federal Reserve invoked a rarely used Depression-era procedure Friday to bolster troubled Bear Stearns Cos. and said it will provide even more help to combat a serious credit crisis.

 

The action won praise from the administration, with President Bush saying that Fed Chairman Ben Bernanke was "doing a good job under tough circumstances."

 

The Fed announcement came in a brief two-sentence statement that was issued as stocks were plunging on Wall Street over worries that a plan to ease a liquidity crisis at Bear Stearns Cos. might not work.

 

"The Federal Reserve is monitoring market developments closely and will continue to provide liquidity as necessary to promote the orderly functioning of the financial system," the board said. It said members had voted unanimously to approve the arrangement, announced by JP Morgan Chase and Bear Stearns earlier.

 

CONTINUE >>>

Thank heavens I own gold and silver is all I can say to that, oh and laugh until my sides split open...

Looking at the chart, I think it's becoming obvious that they just don't want it to go over.

Must be a very expensive day for the Cartel so far...

Here we go again...

Click Here To View Latest

All the 9s...

If I'm not mistaken, what really matters is the closing price. Will it be a four digit one?

If not, it's only a matter of time...

Note the contrarian...

If you can't beat 'em...

I am taking screenshots to preserve the moment.

Now now, there's no need to get all kinky over it even if PM prices are somewhat erotic atm...

DOW in for a torrid afternoon it appears what with BS fessing up and the dollar trading below 100 Yen...

Taking the European markets along with it as well...

Some comments on these two beauties would be greatly appreciated...

Click To View Source

Click Here To View Source

Not exactly a big fan of Mr Maund as he has been woefully off the mark on a number occasions in the past even though I find his current analysis somewhat compelling. Of course this may be simply down to the fact that I'm a greedy so-and-so...

And finally, this may bring a smile to many, especially GF I suspect...

Click To View Source

What (specifically) makes you believe that HPC.co.uk is wrong when they say the following?

Perhaps they're thinking of changing their name to gpc.co.uk...

Agreed, this is a much better site. Just thought a lot of HPC refugees would find their apparent U-turn amusing.

Indeed, and I for one will be ROTFLMAO if they ever decide to reinstate the gold thread back to the main forum, as I was the one who originally said that they hadn't the balls...

PS. Anyone see Andy Jones' new gold thread (which has now been moved also) entitled 'I Want To Buy Gold'?

I've been in Town today and had lunch with an old University friend who is now a currency trader. I now want to buy Gold. Sterling is going to be toast against the Dollar by the end of 2008 and I know someone willing to make a three hundred million pound bet on that being the case..

 

There are various ways to buy gold. I have 150k in Sterling that I would like to move into gold in the safest and easiest way possible. Would some of you gold bugs please give me some succinct advice on what the options and merits are please?

 

Many thanks,

 

ANDY

 

 

ps I STR'd a year ago and todays economic news is right at the upper end of my expectation curve. I do actually believe now that we will see 30% nominal value drops in the next 2 years and although I've long expounded the view I always had secret doubts that we might see small nominal falls and prolonged stagnation. No more. The economy is screwed and what is happening in the USA is going to happen here later this year. Big time.

 

CONTINUE >>>

No wonder they have reopened it, wonder if they'll be moving it back to the main page or whether a new one will be "tolerated":

 

http://www.housepricecrash.co.uk/forum/ind...showtopic=70455

Even if they did, does anyone here care any more?

The Doc's hospitality as been exemplary and as a bonus, he even contributes in a knowledgeable manner, so why go back to a place where we're not especially welcome and are continuously flamed by the mods in various guises?

Furthermore, why go back to a site that has changed beyond all recognition and has very little to say for itself apart from the usual "I hate the world 'cos I can't be bothered to better myself, so I shall just blame everyone else for my woes."

Brendan McLoughlin doesn't have very much to do with the day-to-day running of HPC. I used to post there under a different name and was barred because someone suggested, during a rather heated debate, that I was a troll. I'd made the best part of 900 posts over a year but the mods refused to reinstate me. I complained to Mr McLoughlin who, to his credit, asked the moderator to reinstate my posting privileges. They didn't and despite further exchange of emails, he simply threw in the towel and concurred that the moderators were, indeed, "a law unto themselves".

And look what happens, hpc.co.uk's Alexa ranking has fallen to 52,356 from around 30,000 since the gold thread's removal. That's nearly 20k places off the 3 month moving average!

With mods like that who needs trolls?

I just saw this posted on HPC by a regular:

 

"ok we all know gold is different and it got moved, however when compared with an asset such as a house it was very very important to compare the two. why ? gold has over 3000 years been a store of wealth whereas fiat money has lost 98% of t's value in the last century and therefore cannot be judged as an accurate valauation of property. SO we need to keep a perspective of the Gold:Property ratio and value housing against gold in the general forum. Moderators trying to remove the connection based on a limited lifetime of 45 years as adults should be ashamed. . it is a sad day that moderators in thier ignorance make arbitory decisions to remove something just because it is labelled GOLD rather than PROPERTY. Unless gold is restored in the next 24 hours to the General form I'm afraid it is another member lost."

 

 

 

They want to stop posters talking about Gold but they can't.

Having made a note of HPC's Alexa ranking on Tuesday just as the gold thread got butchered, which happened to be at 30,700ish, I now see that since then, HPC's ranking has dropped some 10% in just two days, down to 33,300.

As they say, get rid of gold at your peril...