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


To: pezz who wrote (55055)9/16/2009 4:08:19 AM
From: TobagoJack1 Recommendation  Read Replies (2) | Respond to of 217587
 
hello pezz, today's report:

(i) just in in-tray from pal, front the gold front line that is hk's hang seng bank hq, main distributor of all sorts of bullion products

First, the 2010 kangaroos are out and in good supy. Other coins plentiful to sell. There are lots of buyers...who often come for 20 coin lots. But since gold around 1000, quite a few sellers w bags of 100-200 coins have come out...making the overall selling level greater than the buying...

... to which i responded

the folks who buy 20s at a time are regular buyers, month after month, every month, i wager

wastrels who sell 200 at a time will not last long, and will stand ready to buy less for more, as always

for they cannot buy expensive unless they first sell cheap

bullish


(ii) in the mean time, during the course of the day, gold went up 0.8% (peak price 1019, close at 1015, both dirt cheap), which means the dollar went down, and all that is valued in dollars (meaning balance sheets and income statements), unless price moved up, automatically devalued relative to gold

(iii) i am figuring that by the time the 'most-est' finally gets it, the meaning of GUDD, it would be too late for the most-est.

(iv) have numerous n.american fund managers in town acquiring physical in tranche strength, and they openly admit that they had been humbled last year, even as they walk tall once again this year and swagger almost as wide, but want to have some portfolio ballast to make sure that when it all goes to basket, some goodness remains

cheers, tj



To: pezz who wrote (55055)9/17/2009 12:22:53 AM
From: TobagoJack  Respond to of 217587
 
hello pezz, today's report:

(i) i am spending another quiet day mostly at the office, intending to partake in some dumpling lunch and then a banker's dinner.

i like going to the office on thursdays and fridays, and refrain from same on mondays and tuesdays. wednesday office attendance depends on the weather. given preference, i tend to squeeze appointments, lunches and dinners into the second half of every week.

tomorrow is friday, and should be for lunch gathering either preceded or followed by gold buy, and tomorrow's dinner will be preceded by a wine tasting exercise at the newly refurbished verandah restaurant overlooking repulse bay - should be good



(ii) i just returned from a tryst to handover some 9999 gold to some lady. she was thankful and gifted me a geewhizbangohwhoawee s.t. dupont "place vendôme limited edition" pen of a lucky number, one of 1810 (date when napoleon erected the vendôme column), made of palladium and engraved with napoleon’s famous quotation "impossible n’est pas français" (nothing is impossible for the french). It is very hot, in the language of youth.

(iii) a casual observation and a heads-up, that the gold fever infection rate is trending "from the lower left to the upper right", to borrow a taunting expression from the closet wastrel inflationist dennis gartman;

and, concurrently, doubtlessly coincidental, the finanicial refugee ranks are swelling, and fiat currencies are declining.

(iv) speaking of which, the empire's minions has caused yet another fatality nytimes.com "... Suicide Victim May Have Hidden Millions Abroad ... He seemed, in many ways, like a man from another time, a Gatsbyesque figure who glided through a world of old money, private clubs and pedigree horses, his family name emblazoned on Ivy League halls..."

(vi) i am figuring that because such flaming wastrel as levin levin.senate.gov exists to champion the cause of depraved usa banks at the competitive detriment of non-usa banks, and so allowing usa banks to serve as tax haven to the world while attacking global tax havens all to enhance the ability of usa to continue its fiat money deparvity, gold will eventually go to 6,000 usd/oz, even as capital-flight punishment would bring the s&p500 to 1/10 of its current value relative to gold. may the force be with levin and his ilk.

(vii) in a sentence, beware of false against gains disguising genuine losses, and guard against the most obvious dangers as opposed to the near impossible happenings.

cheers, tj



To: pezz who wrote (55055)9/17/2009 12:45:55 AM
From: TobagoJack  Read Replies (1) | Respond to of 217587
 
<<perhaps one might ask whoever bought that apt what their investment advice be>>

... why? the guy got a bargain at usd 5,355/sft, or 3 mil for not a lot of anything, relative to a greater expert in at higher ask n bid done deal, a mere $9,700 a square foot

bloomberg.com

Sun Hung Kai Seeks to Sell $39 Million Penthouses (Update1)

By Chia-Peck Wong and Frank Longid

Sept. 17 (Bloomberg) -- Sun Hung Kai Properties Ltd., the world’s largest developer by market value, raised the price of two penthouses in Hong Kong by 50 percent to a record HK$75,000 ($9,700) a square foot as demand surges for luxury apartments.