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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: pezz who wrote (46617)2/20/2009 7:53:45 AM
From: TobagoJack  Read Replies (2) | Respond to of 217617
 
hello pezz, tonight's report:

defcon 5
tora tora tora
red alert

(i) received very distressing news from big investor that the outfit we dealt with to secure physical platinum will hence forth refuse all physical delivery orders, and two exceptions have been made for 'final' order. the said investor thought and checked to see if i was the other exception. he was asked, or told, but politely, whether he wanted to take the opportunity to increase his order size.

that is like asking the passengers on the very soon to be very doomed airplane whether they would like to bid on parachutes.

i put in my 'final order' (sounds so terminal ;0) of physical delivery pt and am told it should be OK for one last time, and that it should and would be the last time.

i am speechless. grown men, scurrying around, begging to have paper money exchanged for industrial but precious, cheap but strategic, non-gold but rare platinum bricks.

i had to use language, and i quote, "save me. __ bars, last order, promise never to do it again, cross my heart, give me, please. physical delivery"

(ii) believe volatility will test us, and crisis will burn us, and tonight can be the night.

cheers, tj

p.s. the other exception just wrote in, "Yes it is amazing what we must succumb to. But think what it will be like when the other 99.9% of the population figures out that the paper is worthless.

Just hope that it does not look like mad max meets waterworld !

I am selling my silver etf, gold in swiss vault and plat etf's to cover.
Not quite sure if sell my gdx as not sure which way it goes in a bear. Considering that the mining co are seeing pure upside in rising gold price and falling costs , and most are now not selling fwd (ie have upside) , I am suprised we have not seen a run in gdx !
Also went shorter us treasuries (tbt and pst), financials (skf)and real estate (srs)

Soon I expect a secret service from the movie brazil to come crashing through my door, from the ceiling etc to take me away for subversion of the system (would be case if I lived in korea).

Start to worry when economists predict fall of te mountain vault ! Only leaves bhutan as a worthwhile kingdom"



To: pezz who wrote (46617)2/24/2009 7:01:57 AM
From: TobagoJack  Read Replies (3) | Respond to of 217617
 
hello pezz, today's report:
(i) i will take possession of a whole lot of platinum tomorrow at the office, ordered Message 25428744 , and then, weighed down, to walk to the vault. once done, that would be it for platinum transactions for a while; perhaps 10 years, maybe longer, could even be forever.

(ii) i sold a whole lot of paper gold today for mucho gains, to lighten my worries, by as much as 2/3 of all my paper gold holdings.

i intend to hold the remaining paper gold and the gdx positions until kingdom come, or sooner if called for.

(iii) bought some more panda gold bullion. the distributor is rationing supplies, and so i now must grovel and haggle for more.

(iv) have a lot of travels coming up, including a 3-weeks holiday, and if per tradition, events in markets everywhere could go kaboom.

(v) i already regret offloading the paper gold stakes.

just a guess, gold will ramp, and should it be so, thank goodness for physical and gdx.

cheers, tj