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

To: carranza2 who wrote (60683)	2/4/2010 10:08:48 PM
From: TobagoJack	1 Recommendation Respond to of 217822

the so-termed "a lot of scrap gold" was in truth all scrap gold available from the mo the decision was made to implementation per master indian physical gold trader message yesterady at coffee shop in hk Message 26299635

To: carranza2 who wrote (60683)	2/5/2010 12:31:49 AM
From: TobagoJack	Respond to of 217822

player 1: Anyone else notice that Portugal couldn't sell what they wanted on ONE YEAR T-BILLS? Portugal sold 300 million euros ($417 million) of 12-month bills today after indicating it planned to issue 500 million euros. The securities were sold to yield 1.38 percent, compared with 0.93 percent at a Jan. 20 auction. Portuguese central bank Governor Vitor Constancio said yesterday that cutting the budget deficit will require “difficult” measures and that the economy is unlikely to catch up with its European peers any time soon. Forget about longer term money. That a sovereign couldn't appear to sell one-year paper is a real wake-up call in my opinion...and the 60% they did sell were at a yield 50% higher than just 2 weeks ago..... player 2: Maybe one of the economists in the crowd can tell me a simple answer to this If the govt's continue to over spend , and need to borrow record amounts assuming this must come from some where. My guess is that it is in fact partly depleting liquidity elsewhere, ie corporate bonds, deposits , equities etc. This will be felt in 2010 , as corporates and individuals continue to deplete their own reserves and or need funds to cover capex and or repay other debts. Or its is coming from new money supply (printers working overtime) (which is adding nothing to wealth, just redistributing and diluting existing wealth) Either way we are in for one hell of a ride. As I have to think that there is not sufficient capital to fund the needs of each government, corporate and individual. And the money will flow to those that pretend to be the safest and able to pay the highest (falsely at that ) ie the governments ).

To: carranza2 who wrote (60683)	2/5/2010 3:44:07 AM
From: TobagoJack	Respond to of 217822

in the mean time, just in in-tray, per main stream media bloomberg.com recommendation: getgold

To: carranza2 who wrote (60683)	2/5/2010 4:12:37 AM
From: TobagoJack	1 Recommendation Respond to of 217822

i find "news" titles n lead-ins such as this reuters.com amusing "NEW YORK (Reuters) - Gold posted its biggest one-day loss since 2008 on Thursday, hitting a three-month low as a wave of risk aversion swept through global markets, triggering massive technical selling in the metal." ... too funny.

To: carranza2 who wrote (60683)	2/5/2010 12:52:26 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 217822

US Bank Debt + Public Debt is among the lowest of all developed countries. True story. There's quite a bit of handwringing in DC and NY regarding the recent uptick in the dollar. A weaker currency has been the game plan all along, but pigs are crashing the party. Do you know where the risk premium of sovereign default of US treasuries trades? Again, it's among the lowest of all nations. Conclusion: Remain nimble, remain short gold. Message 26212045