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ARCHIVED DISCUSSION FROM 6/30/2006
All times are U.S. Mountain Time
(Yesterday's Discussion.)
The Invisible Hand
(6/30/06; 21:34:41MT - usagold.com msg#: 145700)
POG on Yahoo! Finance
http://finance.yahoo.com/
Where on Yahoo! Finance is the POG being displayed?
The Invisible Hand
(6/30/06; 21:29:10MT - usagold.com msg#: 145699)
Freegold scheduled for July 18, 2006
http://en.rian.ru/analysis/20060630/50735555.html
SNIP
In discussing the SCO jubilee summit, the media are concentrating on the reasons for Russia's reluctance to precipitate Iran's admission into the organization. One explanation is Russia's desire to have a good political situation on the eve of the July G8 summit in St. Petersburg. "Russia wanted to lay the foundation for the G8 meeting in St. Petersburg. On the one hand, it did not want Iran to become a fully-fledged member too fast in order to avoid aggravation with the U.S. On the other, it tried to reach at least some preliminary agreement with Ahmadinejad on united tariff policy in the export of energy carriers." (TRIBUNE-uz, June 22.)
==
Remember: once Iran is in the SCO (Shanghai Cooperation Organization), Freegold will be a fact.
http://news.bbc.co.uk/2/hi/middle_east/5106960.stm
SNIO
Foreign ministers from the group of eight industrialised nations are meeting in Moscow on 29 June, followed by a summit of G8 leaders in St Petersburg on 15-17 July.
July 18 is a Tuesday.
I will be partying that day here
http://www.travelph.com/resorts/Cebu/waterfronthotellahug/index.htm,
at the costs of the Belgian taxpayer (HAHAHA), July 21 is Belgium's July 04.
Please feel free to join us at the party celebrating a life's achievements against socialism.
Flatliner
(6/30/06; 17:57:52MT - usagold.com msg#: 145698)
@Happy holiday weekend to you...
Time constraints force a lurking behavior. As time passes, it feels as if the current is slow and deliberate drifting around the island called Freegold – but never to its shore.
The natural gas exponential market behavior was just another case of irrational exuberance. As it turns out, those that fight for the value in the dollar know exactly what to do to address irrational exuberance. The tool, is simple enough, liquidity in that market. Keep in mind that to balance a market, excess speculation demand should be matched with excess supply demand. That way, the real demand is maintained at or around manufacturing cost. This, in the end, is called a Strong Dollar Policy.
We have all witnessed a dynamic run in the price of gold. We have all witnessed similar runs in many different commodities. It's clearly another case of irrational exuberance and there really is enough paper money to address that speculation mania. Thus, it's only logical to see that speculation addressed in some way.
The key thing to keep in mind is that the Strong Dollar Policy requires two things to be affective. 1) The willingness to take a loss in paper money. 2) A big enough supply in the addressed commodity so that the fake commodity (paper) has weight. The problem with the system though is that there is just SO much paper money sloshing around and that more and more people are starting to wake up to how the game is played. Time is on the side of those that hold physical.
Topaz
(6/30/06; 16:48:47MT - usagold.com msg#: 145697)
Ag Delivery.
http://www.nymex.com/media/delivery.pdf
Today we should've got a July Ag delivery number via the Comex del'y notice.
We didn't! ...we didn't get a notice!
The June Ag number, apart from being a spooky 911, was largely posted in the last few days so I'd be expecting a substantial number first up for July.
With Comex now taking a breather 'till the 5th, I'd have thought leaving the 100Ton ...ONE HUNDRED TON!! June Gold number up might have been a bit embarrassing for them. Maybe a BIG July Ag number might have been moreso.
Pan
(6/30/06; 14:02:41MT - usagold.com msg#: 145696)
US dollar-based economies depreciate twice since 2003
http://english.pravda.ru/world/europe/29-06-2006/82712-dollar_economy-0
Hardly have the Russians had time to overcome the preceding fall of the American currency, as they have already been promised another. Following the fall of the American currency on the global market, the rate of the dollar will also drop in Russia. All that remains is to await the predicted collapse
Some more of this kind:
http://english.pravda.ru/topic/dollar-208/
Pan
(6/30/06; 13:52:53MT - usagold.com msg#: 145695)
Each American citizen owes the world one million dollars!
http://english.pravda.ru/opinion/columnists/15-06-2006/82008-debt-0
From Russia with Love?
Not brand new but explosiv!
USAGOLD Daily Market Report
(6/30/06; 12:22:50MT - usagold.com msg#: 145694)
Page Update!
http://www.usagold.com/DailyQuotes.html
The Daily Gold Market Report has been
updated.
If you are considering investments in gold we invite you to
request our free
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FRIDAY Market Excerpts
Gold surges past $615 as dollar crumbles
June 30 (from Reuters) -- Gold futures in New York jumped 4.6 percent to finish at a three-week high on Friday in a holiday-shortened session as a weaker dollar made the precious metal more attractive to investors.
Month-end and quarter-end window dressing and speculative buying before a U.S. market holiday on Monday and Tuesday also stoked the rally, dealers said. Gold opened above $600 for the first time since mid-month, and it got another leg up after stop-loss buy orders were touched off above this level -- previously stiff resistance.
"There's been some pretty good short-covering," said George Gero, vice president at RBC Capital Markets Global Futures. "You've got all the usual reasons today: the euro and you've got a limited audience because there's an upcoming holiday and nobody wants to be short in gold with all the political goings on in the world," he said.
A falling dollar tends to promote buying in dollar-denominated gold by investors holding foreign money.
COMEX August gold futures rose $27.10 to $616 an ounce, after trading from $587.80 to $618, its highest level since June 9.
Trading shut early, at around noon, and the NYMEX/COMEX markets will remain shut until Wednesday for the U.S. Independence Day holiday on July 4.
---(see url for full news, 24-hr newswire)---
TownCrier
(6/30/06; 11:24:56MT - usagold.com msg#: 145693)
This just in from a friend, a road(Trail)sign of the changing times
http://news.xinhuanet.com/english/2006-06/30/content_4770073.htm
HEADLINE: Exporters diversify away from U.S. dollar
EIJING, June 30 -- Domestic exporters are increasingly seeking to settle their trade in currencies other than the U.S. dollar to hedge against fluctuations in the yuan, the International Business Daily reported Thursday.
Citing a survey by the central bank, the paper said a growing number of businesses in key manufacturing provinces, including Fujian and Guangdong, were using non-dollar currencies to make settlements...
Mei Xinyu, a researcher at the Commerce Ministry [said] that exporters needed to start using more currencies other than the dollar to carry out pricing and payment...
...to cope with the uncertainties further yuan flexibility brought with it.
...to minimize the impact of currency fluctuations.
^---(from url)---^
Good grist for the brain mill.
R.
TownCrier
(6/30/06; 11:09:49MT - usagold.com msg#: 145692)
Hello Flatliner -- a happy long holiday weekend to you...
http://www.miningmx.com/markets/628000.htm
Here's an article that's right up your alley. I remember your excellent postings recently of the countermeasures used to rein in the speculative runaway market in Nat. Gas, and this looks very much to be more along those same lines.
Article excerpt follows:
---------------
Gerard Holden, the former managing director and global head of mining and metals at Barclays, said on Thursday...
The rising interest rate cycle in the US and other countries around the globe was one of the triggers for an exodus out of red-hot commodity markets stoked by frenetic fund buying and speculators pushing prices to record highs.
The downturn in prices is a healthy correction, Holden said, explaining it would shake out some pretty frightened investors who didn't know what they were doing.
"To my mind, the prices were getting way, way over done. People were getting involved in a sector as investors who had absolutely no idea of what they were buying," he said. The metals markets are complex at the best of times, but they had became even more so in the recent volatility.
"I would argue that many people have been investing in base metals markets with absolutely no understanding of the intricacies of those markets.
"It had become very much a fashion trend for investors to buy into base metals, to say 'I'm long of copper, zinc or nickel' because everyone else was doing it. The increases in copper prices were absolutely unsupportable from a fundamental perspective," he said.
The fundamentals behind the market remain sound for a more considered increase in base metal prices, he said. Extra capacity is only coming slowly on stream, while the big economies are still gulping down commodities, which means there will be deficits for a number of metals.
"This is a well needed correction. It's probably got a little bit further to go, but we are coming to the end stages of the correction and there are fundamentals of good, strong demand and moderately restricted supply," he said.
^------(from url)-----^
Given that the masses can be so easily influenced -- so easily guided -- in order to ensure that you're pursuing a legitimate investment avenue rather than simply chasing the latest fad (nat gas, base metals) to be inevitably crushed in the interest of economic stability, it pays to keep yourself keenly educated regarding the political structure of the day and the fundamentals of economic and social stability.
On this latter point, I can't overstate the importance for everyone to understand what John Locke said on this point over 300 years ago.
You'll find those very earliest ancestors of subsequent brilliant "Thoughts!" on display at the following url:
http://www.usagold.com/goldenchalkboard/gc_John-Locke-2nd-Treatise.html
(highlight the line with your mouse and then copy and paste it to your browsers address bar, then press enter on your keyboard)
R.
GOLD FINGER
(6/30/06; 11:03:24MT - usagold.com msg#: 145691)
Ordering Now!
I just tried to place an order and from what I can tell they must be very busy. Can we take this as a signal that inflation worries are not calm even yet with the quarter point increase and thus pressing on the pog? Perhaps it's the continued worry on the dollar's downward spiral? In any even I hope I can get my order in before it really soars~
Buy Buy
Goldilox
(6/30/06; 10:33:54MT - usagold.com msg#: 145690)
Mark to Market day
Add this to "triple witching day" as another day to expect more than normal price manipulation, IMHO.
TownCrier
(6/30/06; 09:46:38MT - usagold.com msg#: 145689)
Mark to Market day
Two days ago gold was $580, and on this day gold now sits at $615, this being significantly the day at which the central banks of the Eurosystem, Switzerland, Russia, and __?____?____?__ all engage in the 'best practice' (jargon for operating procedures representing latest state-of-the-art) of marking their assets to market value. This means they are appropriately writing down the book value of their weak assets and writing up the value of their strong assets according the the market conditions on the day of their snapshot for revaluations.
To all those who like to insist that central banks can curb and wrangle down the price of gold (as I would agree from 1980 to 1999), it is imperative that they open their eyes to the new financial architecture and consider that these same central banks, with modern objectives, can also work gold to the upside, too, and thus may very well be the best friends they have in the market.
The bottom line is that folks shouldn't be overyly hasty to knock what they don't fully understand.
The CBers couldn't simply stand aside and let gold run in 1980 because there was no architecture in place to stand in for the dollar -- we ALL would have fallen into an economic/financial pit that had no bottom.
The past 25 years have been spent building that necessary groundwork, and we can all now move forward without fear of unmitigated freefall upon letting go of the fraying dollar ropebridge.
R.
Knallgold
(6/30/06; 08:35:16MT - usagold.com msg#: 145688)
FreeGold in China
Paper Silver likely next month in China.On the other hand,we are reading again about a Gold future coming on the SGE but it just does not materialize.A sentence like this "Shanghai Gold Exchange spokesman Tong said he was not aware of any talk with Nymex." might give a hint that there is a lot of pressure of the $ guys to paper over Gold in China.
In Another article one spokesman said "it will come when we see it necessary".Which could be never if China really has FreeGold in mind.And same line would then be a nice way of saying it openly :-)
The Invisible Hand
(6/30/06; 04:14:00MT - usagold.com msg#: 145687)
Cold War number how much?
Of course, the writing of history requires some temporal distance to/from the facts.
St Google found this, but I can't open>
http://www.google.com/search?hl=en&lr=&q=historical+critique+temporal+distance&btnG=Search
Mark Phillips - Distance and Historical Representation - History ...
Some degree of temporal distance is always present in historical writing, ... A genuine difficulty arises, however, when the historical critique takes the ...muse.jhu.edu/journals/history_ workshop_journal/v057/57.1phillips_m.html
"For, while the tale of how we suffer, and how we are delighted, and how we may triumph is never new, it must always be heard. There isn't any other tale to tell, it's the only light we've got in all this darkness"
A Passage from "Sonny's Blues" by James Baldwin
cai.ucdavis.edu/uccp/sbpassage.html
But when I left highschool in June 1980, I was convinced that I had been taught that the cold war was over.
St Wikipedia now tells me
The Cold War was the protracted geopolitical, ideological, and economic struggle that emerged after World War II between the global superpowers of the Soviet Union and the United States, supported by their military alliance partners. It lasted from about 1947 to the period leading to the dissolution of the Soviet Union on December 25, 1991.
http://en.wikipedia.org/wiki/Cold_War
Here's a 1957 book
Palmer and Perkins,"International Relations", Houghton Mifflin, 1957, 2nd ed., p. 117
Since 1953 the ‘cold war" seems tohave given way to "cool war" or "cold peace’ ,largely as a result of the "new look" in Russia.
And now Dr. Abbas Bakhtiar tells us we have Cold War number 2. number 2 or number 59 or 968?
ViewYesterday's Discussion.
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Centennial Precious Metals Gold coins & bullion since 1973 Denver, Colorado 80246-0009 We educate first-time investors! |
for quotes and purchase information.
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