marceau Posted March 19, 2008 Report Share Posted March 19, 2008 What do we think, an early morning NY gold dump? I think so. I'll be looking for a place to buy. Link to comment Share on other sites More sharing options...
bob monkhouse Posted March 19, 2008 Report Share Posted March 19, 2008 You can lead a horse to water etc etc and you usually end up losing friends if you push it too far. I have tried over the years to educate people and the vast majority just don't want to know, they are the walking dead, what Einstein (I paraphrase) called 'old at 18' or something like that - these people are the sheeple, the herd, those that the whole establishment publicity and brainwashing programme in all its might have aimed to influence from the day they were born. Very few make it out of the herd. Only as individuals can THEY can wake up, and each individual has there own tipping point, most never reacing anywhere near it. The vast majority, in all aspects - spiritual, financial, everything - are content to remain in blissful ignorance with their wide screen teevess and copies of the sun and mirror. "if people start to agree with me I begin to think im wrong" Link to comment Share on other sites More sharing options...
Billy Posted March 19, 2008 Report Share Posted March 19, 2008 There are some rumours on the web about HBOS today. In my opinion, Darling will have to nationalize half of the UK banking sector in the end. The UK will be in a depression for a very, very long time since it's all going to be paid for by the British people. http://www.bloomberg.com/apps/news?pid=new...id=as68q6vvGwfY Don't you have to love them? He says exactly the same thing Bear Stearns said a day before the lights went out. NOTE: A bank is liquid as long as everyone does not take their money out. It's a con-game. No con-fidence, no bank. All banksters lie, because if they told the truth there would be bank runs. Sinclair says all 8,000 hedge funds are dead, he said that a long time ago, way before the merde hit the fan as it is doing now - and I suspect that most banks also fall into that category too, as does Sinclair. All the PTB are doing is buying themselves time, putting the printing presses on afterburner, and shuffling the deck chairs - UK PLC is going DOWN! USA INC is going DOWN! Both are already dead in the water and this fortunately gives us all with the foresight to SEE to get our ducks in a row. Stiglitz, Roubini, Schiff, Faber, Sinclair, Turk et al - these folks know what they are talking about. I am alread fully invested in physical bullion, and am busy freeing up funds in my pension fund so that I can put it into somthing tangible - GOLD - and not have it frittered away in the ongoing currency collapse. I'm with Pearl, and I can quite see it going bellly up so badly mismanaged is it. Ditto other dormant funds I can get my sticky mitts on. For this Stiglitz DELAY, I am grateful to the FED and their lying cohorts. Link to comment Share on other sites More sharing options...
Billy Posted March 19, 2008 Report Share Posted March 19, 2008 There are some rumours on the web about HBOS today. In my opinion, Darling will have to nationalize half of the UK banking sector in the end. The UK will be in a depression for a very, very long time since it's all going to be paid for by the British people. http://www.bloomberg.com/apps/news?pid=new...id=as68q6vvGwfY Don't you have to love them? He says exactly the same thing Bear Stearns said a day before the lights went out. NOTE: A bank is liquid as long as everyone does not take their money out. It's a con-game. No con-fidence, no bank. All banksters lie, because if they told the truth there would be bank runs. Sinclair says all 8,000 hedge funds are dead, he said that a long time ago, way before the merde hit the fan as it is doing now - and I suspect that most banks also fall into that category too, as does Sinclair. All the PTB are doing is buying themselves time, putting the printing presses on afterburner, and shuffling the deck chairs - UK PLC is going DOWN! USA INC is going DOWN! Both are already dead in the water and this fortunately gives us all with the foresight to SEE to get our ducks in a row. Stiglitz, Roubini, Schiff, Faber, Sinclair, Turk et al - these folks know what they are talking about. I am alread fully invested in physical bullion, and am busy freeing up funds in my pension fund so that I can put it into somthing tangible - GOLD - and not have it frittered away in the ongoing currency collapse. I'm with Pearl, and I can quite see it going bellly up so badly mismanaged is it. Ditto other dormant funds I can get my sticky mitts on. For this Stiglitz DELAY, I am grateful to the FED and their lying cohorts. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 You can lead a horse to water etc etc and you usually end up losing friends if you push it too far. I have tried over the years to educate people and the vast majority just don't want to know, they are the walking dead, what Einstein (I paraphrase) called 'old at 18' or something like that - these people are the sheeple, the herd, those that the whole establishment publicity and brainwashing programme in all its might have aimed to influence from the day they were born. Very few make it out of the herd. Only as individuals can THEY can wake up, and each individual has there own tipping point, most never reacing anywhere near it. The vast majority, in all aspects - spiritual, financial, everything - are content to remain in blissful ignorance with their wide screen teevess and copies of the sun and mirror. Sad really, but very true. What gets me is that the herd includes people from all backgrounds and of all levels of intellect. It's not just the case with finance though, its the same with politics, fashion, culture and a million other collective activities. Chances are we all adhere to the ridiculous in some aspect of our lives, simply because everyone else does. I joked to a friend recently that the advertisers have the young adult market sewn up so well that they could probably convince an entire generation that jack boots and well-starched brown shirts were fashionable in less than a month. You needn't look too far to see how Hitler did his brainwashing before WW2, so long as the message is made to seem desirable, people will join voluntarily. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Smackdown commenced, by the way. Link to comment Share on other sites More sharing options...
narrowescape Posted March 19, 2008 Report Share Posted March 19, 2008 Haha, the best analysis I have read this morning I've actually used the analogy of the mathematically inbuilt instability of the Matrix to explain the fundamental instability of interest-earning, fiat-based currencies to one or two others. Then again I am a total geek Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 19, 2008 Author Report Share Posted March 19, 2008 news just in: carlyle capital liabilities exceed assets...shareholders to get nowt... bears shareholders were lucky In other terms, it becomes clearer and clearer that this is about insolvency, not liquidity. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 I think we're going to test $960 today. If it holds, I think I'll hop in. Edit: Silver taking the beating of a lifetime, down below $19.40 already. Link to comment Share on other sites More sharing options...
wren Posted March 19, 2008 Report Share Posted March 19, 2008 well-starched brown shirts were fashionable Blackshirts are much cooler though. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Maybe I won't step in after all. All commodities are taking a severe pounding. I knew they'd hit us again today, but I didn't think they'd be so successful. Link to comment Share on other sites More sharing options...
Justin Thyme Posted March 19, 2008 Report Share Posted March 19, 2008 We're gettin' hosed . . . Link to comment Share on other sites More sharing options...
wren Posted March 19, 2008 Report Share Posted March 19, 2008 Maybe I won't step in after all. All commodities are taking a severe pounding. I knew they'd hit us again today, but I didn't think they'd be so successful. Getting in good and early with their smackdowns now. $969.70 Do the technical analysts have any particularly significant support levels which might be breached? Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 19, 2008 Author Report Share Posted March 19, 2008 Yep, I agree... and was just about to post a link myself. It's almost as though Mr Frisby has been reading this thread! Maybe he has! There's nothing certain out on HBOS...but obviously someone knows something... cgnao's predicting a jump back up in gold today.... Jump down, so far. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 The only consolation I can see from this is that if it is profit taking, most of the miners won't get hit too badly, as they didn't show much profit in the first place. Link to comment Share on other sites More sharing options...
Bobsta Posted March 19, 2008 Report Share Posted March 19, 2008 There's nothing certain out on HBOS...but obviously someone knows something... Or maybe there isn't. Seems a great way to make money these days: Open some short positions, post out a few rumours on various boards and sit back and reel in the cash. http://www.ft.com/cms/s/0/27a93048-f588-11...?nclick_check=1 “We will not tolerate market participants taking advantage of the current market conditions to commit abuse by spreading false rumours and dealing on the back of them,” Link to comment Share on other sites More sharing options...
Pixel8r Posted March 19, 2008 Report Share Posted March 19, 2008 Maybe he has! Goldfinger, Dominic Frisby is Frizzers who posts on here. Link to comment Share on other sites More sharing options...
Bobsta Posted March 19, 2008 Report Share Posted March 19, 2008 We're gettin' hosed . . . Really wish I hadn't dabbled in Platinum... Oh well, it's all part of the learning curve, I guess. Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 19, 2008 Author Report Share Posted March 19, 2008 Goldfinger, Dominic Frisby is Frizzers who posts on here. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Or maybe there isn't. Seems a great way to make money these days: Open some short positions, post out a few rumours on various boards and sit back and reel in the cash. http://www.ft.com/cms/s/0/27a93048-f588-11...?nclick_check=1 If these banks didn't have immense problems, various governements could solve this crisis overnight by ordering independent audits through their regulatory systems. That would be guaranteed to restore public trust and bring things back to normal if it was all just negative sentiment and rumour. Sadly though, it's not just sentiment, these banks have real problems, and many are on their knees. Publicly acknowledging this would spell catastrophy. The lack of government-enforced enquiry is the biggest indicator of the underlying facts. Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Goldfinger, Dominic Frisby is Frizzers who posts on here. Always nice to reach a wider audience. Opened my e-mails this morning and got this weird sense of deja vu. Just checked back and the typo in the article wasn't in my original post, thank god for that. Link to comment Share on other sites More sharing options...
Justin Thyme Posted March 19, 2008 Report Share Posted March 19, 2008 Isn't there support at $960 ?? Silver appears to be heading below $19 Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Let's see if they can get it much below $960. Shorters smell blood in the water. I smell something, but it's not blood. Link to comment Share on other sites More sharing options...
Magpie Posted March 19, 2008 Report Share Posted March 19, 2008 Hey, I sold my house and put all the money into gold last week at $1030 because you guys told me gold was going to the moon. I want my money back! Link to comment Share on other sites More sharing options...
marceau Posted March 19, 2008 Report Share Posted March 19, 2008 Isn't there support at $960 ?? Silver appears to be heading below $19 I believe support is just below $960. After 3 days of falls the dumb shorts have just got in and it looks like volume is dropping. They're the ones who are most likely to get hosed now. Link to comment Share on other sites More sharing options...
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