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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (99744)	11/20/2008 12:02:11 PM
From: benwood	7 Recommendations Respond to of 110194

TH, I know it has been an exceedingly trying time. Best of luck in employment, in investing/preservation, in peace of mind, and in health. If you leave, you will always be welcome back. If you find a good hidey-hole, please PM me <g>

To: TH who wrote (99744)	11/20/2008 12:30:42 PM
From: LTK007	2 Recommendations Respond to of 110194

TH i hear you. i only wish i had the will to walkaway from SI as my time on SI came to end long ago. But the summer/fall of Maine has gone(Maine has no Spring--we go from we go from Winter, to Mud Season to Summer:), and i turn on Bloomberg TV, and next thing i am chattering away. You are genuinely one of the best i have come across on SI. One of the small percentage that has kept me from leaving SI altogether. My best to you. i tip my hat. Max

To: TH who wrote (99744)	11/21/2008 10:56:30 AM
From: orkrious	14 Recommendations Read Replies (4) \| Respond to of 110194

from Lance this am: 8:50 EST: Gold Officially Goes Into Backwardation This morning, gold officially went into backwardation for the first time since the announcement of the Washington Agreement in 1999, which sent gold shorts scrambling to find physical metal after the world’s major central banks agreed to limit sales of gold going forward and ended the one-way trade to the downside in gold that had been in place in the late 1990s. We know gold is now in backwardation because the gold forward offerred rate (GOFO) has now gone negative. The 3M GOFO has fallen 12 bps to -0.07%, and the 1M GOFO has fallen 20 bps to -0.1167%. Unlike other commodities, gold very rarely goes into backwardation, and only when 1) the market fears a collapse in the currency, and/or 2) the market is worried about counterparties making good on their promise to deliver gold (which was briefly the case in 1999, when the Washington Agreement was announced and shorts were squeezed). Translation: Gold is about to meltup, and the dollar is about to have an accident. Buckle up, gold bulls. Gold is set to blow its top soon in my humble opinion.