Agoracom Blog
Interesting Articles
Posted by
at 10:47 AM on Sunday, November 30th, 2008
Hi Peter
Not sure if you saw this last week, but here’s 1 more link to add to your list.
http://www.321gold.com/editorials/willie/willie112608.html
Here’s an excerpt
ATTACK OF COMEX GOLD & SILVER
Powerful foreign entities are preparing a massive major assault on the US financial corruption, at key spots. All signs seem to point to the gold futures contracts traded at the COMEX and NYMEX, whose prices are routinely suppressed by a high volume of uneconomic short contracts by two to four banks. The COMEX is a division of the New York Mercantile Exchange. A highly leveraged sequence is soon to be unleashed, one that should bring back thoughts of asymmetric attack.
Very depressing reading, it gives one a idea that we should know how the thanksgiving turkey feels.
Thanks anyway Peter.
garry
To those people with some musical talent … I wrote most of these lyrcis about a year ago. Should anyone record these lyrics to the tune of the platters oldie but goodie please let me know where I can hear it. Perhaps Paulson and Bernanke can record this.
Oh yes it’s the great depression
pretending that were doin well
we’ve blown the stash
and we need some cash
we’re bankrupt and noone can tell
oh yes were some real pretenders
just loanin and givin like clowns
we seem to be
but we’re not you see
we’re bankrupt but noone can tell
to real is this feeling of bankruptcy
to real is the fact that
the fed can’t conceal
Yes we’re the bankrupt economy
our leader is a real clown
we’re going down
and to our real shame
were taking the world with us
pretending that gold can be found.
no rights reserved.
Orgy
I will buy some gold stocks before year end. I am a newbie to gold and am considering CEF because a good friend who follows gold recommended it. I wonder if there are others I should consider and would appreciate anyone’s thoughts. Thank you.
CEF is a good choice since ” CENTRAL FUND OF CANADA LIMITED. is a specialized closed-end holding company. It holds a minimum of 90% of its non-cash assets in unencumbered, allocated, segregated and insured gold and silver bullion, primarily in bar form.” (I hold a chunk)
XGD is the exchange fund and gives you a diversified position in the major stocks producing gold. (I hold a chunk)
Smaller caps offer the potential of larger returns with of course greater risk … they have been hammered and many are below their cash holdings value. (I hold a number) … before investing in these speak with a professional.
Orgy
orgprophet, Thanks for the info… that was helpful.
Greetings Peter, Ackerman and ‘Captain Hook” and others see considerable more crashing, with derivatives and leverages unwinding severely. Hoye and many others see a near term bear rally in precious metals, commodities ( hard and soft) and even market wide. For those of us hammered in the crash it is a woefully paralyzing proposition. We want to recoup losses but are fearful of more of them. Got any suggestions? Tight stops might help, but with volatility we might be out by the end of every day. Longer term horizons might help in PM’s and energies, but who knows whether futher bear market rallies will only compensate for intervening losses? Taking huge tax losses effectively escrows money ( in Canada) apart from huge capital gains Can you offer such wisdom and/orconsolation, as you have? (” The just shall live by their faith” .) FCB